Bitcoin moves in sync with nasdaq index « Economics Job Market Rumors

Bitcoin moves in sync with nasdaq index

Economist
5692

It is not supposed to be a store of value?

1 month ago # QUOTE 0 Volod 0 Vlad !
Economist
41d7

Over the long term

1 month ago # QUOTE 0 Volod 0 Vlad !
Economist
0329

They have disconnected in the last several days. Btc up while NASDAQ crashing. But on Friday other way around, NASDAQ up and cryptos crashing.

1 month ago # QUOTE 0 Volod 0 Vlad !
Economist
72ee

Lol, and this guy is still buying:
https://twitter.com/longdongoliver

1 month ago # QUOTE 0 Volod 0 Vlad !
Economist
f5a6

I think it's because there is too much leveraged capital

I guess BTC-USD above 10k is leveraged and it will evaporate as the fed increases interest rates. Because the collateral on the leverage is in dollars.

From that point, it's inversely correlated. If the market were to crash, BTC will fall sharply and then stabilize at some point for a while and then rise a little while the NASDAQ keeps crashing.

Now is not a good time to use BTC as a hedge against inflation. Around 6k was the last best time. When the market crashes, have enough money to invest.

1 month ago # QUOTE 0 Volod 0 Vlad !