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/biz/ - Business & Finance

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18350650 No.18350650 [Reply] [Original]

Can you explain why and how this shit follows dow jones with 99,99% accuracy?
How are they related, and how can the price of btc adjust in a few seconds to what the boomerstock is doing?

>> No.18350654

It behaves almost like a shitcoin does towards btc

>> No.18350661

>>18350650
its almost as if one entity owns the entire world

>> No.18350673

>>18350650
Not 99.9% and because of algorithms, ~90% of all trades aren't done manually by a human.

>> No.18350682
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18350682

>>18350661
>THE ILLUMINATI?!

>> No.18350687

>>18350682
cringe

>> No.18350690

>>18350673
so the trading bots adjust to the boomerstock
but why?

>> No.18350703

>>18350650
Smart contracts are being operated on the stock markets, and you had THREE YEARS to buy.

>> No.18350711

>>18350650
Glownigggers pumping it to then dump it to scare people from getting into it.
Don't matter tho, the value of bitcoin is not in fiat.

>> No.18350793

>>18350690
Common sense? because it's a strategy that works against people like you who don't know how to trade?

>> No.18350866

>>18350650
it doesn't the dow reached 18k when the dow was 18k btc was sub 500 usd.

The reason there is a connection is because bitcoin is traded at wall street through gbtc.

>> No.18350879

>>18350650
at a certain level dow reflects also btc money cashflows, that's it

>> No.18351227
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18351227

Its boomer coin dude

>> No.18351249

>>18350650

When an investment vehicle is correlated with U.S. equities, it means that investors are perceiving it as a risk asset.

I know this doesn't answer your question, but the market can be irrational longer than you can remain solvent, so this correlation is something you need to factor in as someone who is looking to buy Bitcoin.

>> No.18351314

>2019: waaah we want institutional investors
>2020: wtf why are institutional investors here

>> No.18351362

>>18350650
Jews

>> No.18351525

Because it's the same people that are trading these markets aka dumb money because smart money has left all markets a long time ago.

>> No.18351599

Literally nothing happened becasue it turns out the dead coin died a long time ago so it makes no difference.

>> No.18351603

>>18350650
It has been normalfagged ages ago. Most of the bitcoin (aside the original satoshicoins) are owned by millionaires and billionaires, who trade stocks as well.

>> No.18351687

it'll dump tomorrow around midday UTC

>> No.18351776

Arb bots

>> No.18351800

>doesn't understand basic economic principles
based /biz/

>> No.18352012

>>18351800
>manipulation and insider trading
>basic economic principles

well, yeah

>> No.18352132
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18352132

>>18350650

>> No.18352191

>>18350650
Because the majority of people that put money into btc treat it like a stock in their portfolio.

>> No.18352306
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18352306

>>18350711
that's a very interesting theory, anon

>> No.18353566
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18353566

>>18350650
The "Crash" in BTC was artificial as fuck. Had less to do with it being correlated with the stock market and more to do with it being a very convenient time to cause a bunch of weak hands to panic sell their bags for peanuts.

>> No.18354044
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18354044

>>18353566
>it was manipulated this one time
>but now its a safe haven