Quote from: Smack That Ace on Today at 03:16:41 AM

To be frank, bitcoin is not independent of traditional markets and economies, and has never escaped the impact of global markets, not just this time. Even Bitcoin has never experienced a major economic crisis like gold, how can we expect it to perform like gold? All these are just claims of bitcoin investors and their expectations based on bitcoin theory, but in reality, bitcoin has never gone through and done that.

For diamonds to become shiny and brilliant, they need to be polished and tempered every day and over a long period of time. It can never become shiny and valuable without going through those things. Likewise, it is still too early for bitcoin to become like gold, and everything takes time. This is one of the thousands of challenges that bitcoin needs to overcome to prove its value before it can be compared to gold.

As long as institutional investors are having interest On Bitcoin, the impact of the traditional market will be felt in Bitcoin market. However, if the calls are not really targeted on Bitcoin, the impact will not do more damages than we do have in the past. Like I have observe the Bitcoin market and how it used to be back then, small news Bitcoin will be dumping and dropping every growth it has made in its monthly candle bleeding everywhere in the market.

This tarrif of a thing got interested within he weekend, some of the traditional stock already started dumping that very Friday and Bitcoin was acting all there like its none Mr it's business but as the heat got intense, Bitcoin follow up later and the impact was even big like it drop 7% in just some hours and continue like that until Trump later make a U turn with announcement that he his going to relax on tarrif adjustment and the market looks bullish again.