Quote from: nutildah on Today at 07:07:40 AM

Quote from: JayJuanGee on Today at 06:38:54 AM

Why do you always need 150 words to say what could be said in 15?

I need as many words as it takes to make my point, within the boundaries of my assessment and discretion.

Quote from: nutildah on Today at 07:07:40 AM

Your original assertion was that Bitcoin has decoupled from the stock market.

I was not asserting anything. I was rebutting Philip's assertion.

Quote from: nutildah on Today at 07:07:40 AM

I presented evidence that it has not and some explanation as to why it cannot. Here's some more recent evidence for you:
Stock market drags Bitcoin price further south; Will the trend continue?
Bitcoin Falls as Jobs Report Is Harsh Reminder of Cryptos Link to Stocks
As Bitcoin, Stock Investors Cheer US Inflation Slowdown, One Macro Expert Calls for Caution
https://www.theblock.co/data/crypto-markets/prices/btc-pearson-correlation-30d

Why do I give any shits about your purported evidence.

I can look at the charts myself and see that bitcoin is not correlated to the stock market in the long term, even if there is both evidence that 1) there are short term correlations and 2) and there are a lot of people making those kinds of assertions.

Good luck to them.. especially during periods in which bitcoin is not correlated and they end up getting fucked because of such non-correlation events.

Quote from: nutildah on Today at 07:07:40 AM

Pretty obvious that the lines have spent more time above zero than below it for the last year.

Did I not already state that I could give less than two shits if you are framing bitcoin's purported correlation in light of what happened in the last year, but you still continue to argue such period as if it is actually relevant or anything that I give any shits about.

Quote from: nutildah on Today at 07:07:40 AM

Since November there has been more of a negative correlation than a positive, but if BTC was "decoupled" the lines would be at zero.

Good for you. I am glad that you are getting so excited to be spending your time to analyze correlation that you believe exists, and hopefully you will be able to profit stupendously off of such supposed correlation, while I end up suffering under my assessment of the situation... in which I put little weight into such assertions of supposed correlations because they are not true.. even though I see all kinds of arguments and evidence purporting such claims that end up not really being true.. especially if you actually zoom out a wee bit.

Have you ever wondered why during my time in bitcoin (since about late 2013) the overall stock market and my investments in relationship to the stock market has gone up around 75% - and my investment in bitcoin has gone up in the ballpark of 17.7x to 68x... depending if we start bitcoin with a $1k-ish beginning cost basis or we might be more generous and start bitcoin with a $250 beginning cost basis. Or maybe we go somewhere in the middle in terms of figuring out from where we start.

I would suggest that bitcoin has performed anywhere from 8.5x to 34x greater than the stock market during the time that I have been in bitcoin... .. do you consider such longer period to be relevant or not? I don't need to cherry pick the data.. maybe we can pick some other period of time.. that is sufficiently long and attempts to be reflective of the asset classes that are being compared with bitcoin.

Quote from: nutildah on Today at 07:07:40 AM

Speaking of zooming out, if you do that you see this recent shift is part of an overall pattern that has been around for at least 4 years now:

The things that make the stock market move will continue to make Bitcoin move.

Oh great! You have become more adventurous and now your are zooming out 4 years rather than ONLY 1 year..

Good job.

And you are also making a prediction that may or may not end up coming true.

What is your goal in this? Do you want to suggest that I am attempting to predict bitcoin wrongly? or that I am describing bitcoin's history wrongly?

I have a strategy to invest in bitcoin that largely presumes that in the long term bitcoin is going to appreciate in value at least as much as other possible investments, if not better. I am not desperate in terms of whether I am correct in my assessment of bitcoin as an asset class, even though I presume bitcoin to be amongst the best of investments that are available to people.. normies, even more well off persons, institutions, governments and perhaps some other entity types that I have missed. I don't claim to know the future of bitcoin, except to continue to presume that bitcoin likely continues to have great ongoing likelihood for success as an investment.. and its investment thesis seems to be just as strong, if not stronger, than it was when I got started investing in it, even though I understand that there are not guarantees, and even though I understand that each of us is responsible to go forward with our decisions whether to allocate into bitcoin and how much bitcoin to invest into bitcoin in terms of assessing our own situations. I also have a variety of ideas regarding how a variety of kinds of people might consider how to weigh their various circumstances.. and also one of the factors would be their assessment of bitcoin as an investment as compared to other possible investments that are available to them.

We do not need to agree about how we view bitcoin's as an investment class as compared to other investment options are available to us. I am not going to all of a sudden start to buy into the supposed correlation arguments because they have been being made ever since I got into bitcoin, and they have tended to be wrong, and from my perspective those kinds of correlation arguments are likely going to continue to be wrong.. so you better fucking hope that you and your other bitcoin naysayers, and shitcoin pumpeners have a sufficient allocation to bitcoin rather than some other bullshit scam project .. .. but hey, you do what you like.. it's your choice. .and it is also your choice whether you want to spend time analyzing supposed short-term correlations that appear to exist between bitcoin and stocks, until they don't. Good luck with that.. you are likely going to need it, including whatever audience you are trying to scam into believing such nonsense... when you should know better... you been in bitcoin nearly as long as me, even though you seem to be way more shitcoin and other purported value projects oriented than this here cat.. but hey do what you want with your various diversifications into crap and perhaps your overly-weighted diversifications into stocks too.. .