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/biz/ - Business & Finance

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50138881 No.50138881 [Reply] [Original]

bitcoin literally just follows the s&p 500 now

>> No.50138921

>>50138881
Next fed rate hike in two weeks from now Bitcoin will go to 15k, possibly even 10k.

screenshot this

>> No.50138949
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50138949

A bit more exaggerated, but yeah basically

>> No.50139172

>>50138881
seriously why tho
this game is more rigged than a carnival

>> No.50139188

Gee it's almost like people with lots of money pay attention to trends and have lots of hands in lots of pies

>> No.50139273

Not for long it only does that because there are still a lot of institutional investors. They all have sell triggers and they are all pretty close to being fired. Once they are, it’s freefall

>> No.50139387
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50139387

We thought about and decided the Bitcoin thing isn't going to work out. Here's your new wallet and CBDC to get you started again

>> No.50139403

>>50139172
Jews

>> No.50139448
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50139448

>>50138921
This. I’ve been repeating this here too. Just look at April 12th, may 11th, June 10th

>> No.50139453
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50139453

Heh

>> No.50139550

>>50138881
>bitcoin literally just follows the s&p 500 now
both crypto and tech stonks that make up bulk of s&p 500 were pumped by all the money fed injected into the economy so now that the money faucet is getting turned off both are crashing hard

>> No.50141176

you wanted adoption this is what it looks like

>> No.50141193

>>50139448
November 10th was the day the bear started at least for eth

>> No.50141199

>>50139448
can you add the price of btc on the corresponding dates to this chart ser?

>> No.50141201

>>50138881
> btc gets mass adopted
> btc mirrors investing psychology
almost unbelievable

>> No.50141209

>>50138881
>now
it always has

>> No.50141216

>>50138921
>>50139448
>>50141193
crypto is dumping 10k every month
not a coincidence

>> No.50141354

>>50138881
uhhh spy isn't down 60%

>> No.50141366

>>50138881
It follows nasdaq more so. And the Nasdaq pumped after bitcoin from 17k

>> No.50143098

>>50139273
>and they are all pretty close to being fired
no

>> No.50143141
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50143141

>>50138881
if bitcoin follows s&p, what does s&p follow?

>> No.50143447

i literally dont even know the price of btc unless its posted on /biz/

>> No.50143481

>>50138881
BTC follows charts and lines yes.

But news does impact it. Terra, Luna and all the exchanges dying killed it. So yes it does move with the lines but the news aswell.

>> No.50143523

>>50143141
liquidity

>> No.50143894

>>50139172
People buy things when economy good and they have extra cash, people sell things when economy bad and they need to cover expenses. Really not that complicated
Crypto (BTC in particular) is no longer a niche investment, everyone seems to own at least "some" (including institutions), so the price now reflects broader economic conditions rather than the previous niche speculators' (and whales'..) sentiment.

>> No.50143931

>>50143141
The fed.

>> No.50143932

>>50143523
+5 faith in /biz/ restored

>> No.50144005

>>50139172
Institutional investors. I remember when /biz/ was excited that their arrival. Now they they're here they control the market and if you didn't offload your bags on them at the top, You didn't make it.