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/biz/ - Business & Finance

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18257459 No.18257459 [Reply] [Original]

Why did BTC and oil pump together 10 hours ago, they are now correlated?

>> No.18257486

>>18257459
my eyes

>> No.18257504

>>18257459
BTC is digital oil

>> No.18257519

>>18257459
why do you zoom out so much ?

>> No.18257530

>>18257459
I noticed that too
bitcoin has become magically correlated with traditional assets since March 12...

>> No.18257537

>>18257519
Always zoom out

>> No.18257556

>>18257459
It's called a deflationary recession.
People have to choose between cash to live or investments.

>> No.18257561

>>18257537
yeah but there's not point if you're looking a market correlation on the 3h chart

>> No.18257592
File: 81 KB, 714x789, Screenshot_2020-04-03_13-51-02.png [View same] [iqdb] [saucenao] [google]
18257592

>>18257561
You make a good point, the correlation disappeared on the 15m chart

>> No.18257599

>>18257459
>>18257530
Bitcoin correlates with energy prices. Cheap energy = cheap BTC.

PoW will prove to be garbage once oil goes into negative territory.

>> No.18257623
File: 61 KB, 1457x421, dtVOm25.png [View same] [iqdb] [saucenao] [google]
18257623

It's really weird they started pumping at almost the same time.
makes no fucking sense

>> No.18257634
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18257634

>>18257592
if you want to know why btc pump or dump you need to learn about this man and his magic liquidation machine

>> No.18257753

>>18257623
look >>18257599