The Crypto market has never been correlated with the stock market, and yet they are both down big today...

The Crypto market has never been correlated with the stock market, and yet they are both down big today. What actually happened? The timing is too coincidental

>He thought it was only alts that were correlated to bitcoin
Bow to the king

Wall street fags make it correlated.

>The timing is too coincidental
No. The statistical probability of something that we would perceive as coincidental happening is way higher than we estimate it to be.

It's a coincidence, really.
The media bashing didn't help but it was a combination of that and chink new year and a correction.

Guys Guys Get in here
braking news the Jews are collaborating

...

crypto showed people how fast something can go down 50% bahaha

(((this)))

When everything is up, people are optimistic and are willing to throw money into riskier bets, like cryptos.

When the market tanks, and everyone sees their investments eaten away at, they are less likely to want to take on more risk, so they either don't enter or get out of crypos.

Jews NEVER collaborate, you fucking fruitcake conspiracy kook. People like you belong in an insane asylum.

Personally m8, I think (((they))) are trying to just make some alternate news to report on so they don't have to take about the FBI memo because they are afraid people are going to wake up to the truth. Better to slide it with this crash.

The belief that Bitcoin isn't correlated to the wider economy is common

>The timing is too coincidental

Your opinion

I'm almost 100% certain its this

ITS THE FUCKING MEMO

THE JEWS ARE IN PANIC MODE

WHEN THE JEWS PANIC, THE ECONOMY CRASHES, OR WE HAVE A FALSE FLAG AND A WAR

9/11 HAPPENED RIGHT DURING A PENTAGON AUDIT OF MISSING FUNDS

CONNECT THE FUCKING DOTS

Chinese New Year is the 16th...

Interesting yarn but we're talking about real life pal

Money gets withdrawn before Chinese New Year, it doesn't mean that it will happen right before the day itself.

Correlation between bitcoin and financial instruments is extremely low statistically

DOGE to the moon!

>delusional coin posters think their monopoly money is tied to anything

holy shit you all are stupid

this might actually be the dumbest board on 4chins

and theres a fucking pony board

I will do it this one time for you brainlet amateurs:
This is correlated with the bond market and rising interest rates which will make 'safe' investments like bonds more lucrative to put money into.
Central banks tried to lure investors away from the bond market via low interest rates, bond buying programs (QE) and penalty interests for parking money at central banks which lead to investors flooding stock markets (and crypto) with all that cheap money.
This money is now pouring back into bonds.
This should also tell who who actually invested during that investment crisis, when basically all markets were saturated with liquidity >see investment crisis after 2008
If you have more questions feel free to ask a stock vet, dogecoin not accepted
urlogicisflawed agmail

>using FuckFuckNo

>statistically
>It wasnt around until after 2008
>completely speculative asset

just lmao

What is with this "it's Chinese New Year!" meme?

This is like when "Christmas presents" was the go-to explanation for the 12/21 crash.

If one holiday, in one segment of the market, is so powerful that it can crash the entire cryto market by over 30%, then crypto is pretty goddamned fragile.

>chinese new year

You guys keep forgetting bitcoin was 800 dollars at the beginning of 2017.

Right, two weeks is an even number but I'm looking at ETHs jump the first day of 2018. It's impossible to know.

Do you know how many people live in china?