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/biz/ - Business & Finance

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19663489 No.19663489 [Reply] [Original]

>stonk market dumps
>btc immediately follows
So much for muh uncorrelated asset

>> No.19663719

Did anybody think otherwise? Regardless of your thoughts on what crypto actually is and is good for, as far as the money is concerned it's just another asset in your portfolio that's more volatile and less manipulated than the stock market, and the ONLY thing that kind of reliably counters the stock market is precious metals.

>> No.19663942

Stonks -12%
BTC -6%
Gold -0.5%
When there's suddenly less money being used to buy things everything goes down in price. Stonks crashing means stonk guys have less money to buy things with.

>> No.19664089

>>19663489
It's just Americans cashing out to pay reparations to their black neighbours bro

>> No.19664100

>>19663719
>Did anybody think otherwise?
Yes the entire crypto community sold it as a separate asset class uncorrelated to the market.

>> No.19664134

>>19663489
Yeah it's a clown world

>> No.19664283

>>19663489
just wait a few weeks zoomer

>> No.19665194
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19665194

>>19663719
>>19663942
>>19664089
>>19664100
this entire board is a LARP
nobody here has any idea how the market works