Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin is safe-haven, why mirror the price movement of the U.S stocks?
by
goaldigger
on 08/07/2020, 23:11:30 UTC
We cannot make a comparison between cryptocurrency market, gold and stocks.

All markets are filled with people. Most of them are filled with the same people. It stands to reason that their behaviour will be pretty consistent across all of them.

Anyone who says it's a safe haven is a silly sausage. It's still deep in the wild bet phase.
We all have the same rules to follow, in trading or by way of investing, is just that the news and the current performance of a market makes the difference.

If we’re going to treat bitcoin as the safe haven then so be it, its your choice to believe on that but as I can see on the charts and other markets, bitcoin is still depending on stock trend and economic situation, no proven theory as the safe haven at all.