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RE: Bitcoin prices seem to be at the mercy of what is going on with Wall Street

in #bitcoin6 years ago

When financial markets move towards extreme volatility to any direction, there tends to be a strong correlation with all risky assets as it impacts the emotions of fear and greed of the participants. When the dust settles across the board, money will find its way back into quality assets. However, assets with no future or little potential will be stuck in the mud for an extended period of time.

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That is a great point. Thanks for the comment.

Thanks for the great analysis and info.

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