Is cash flowing out of the Stock Market and into Bitcoin ?
I have noticed that Bitcoin is up about 37 % in the same time the US Stock Market has fallen 10% ....
Hmmm.... very interesting. Is all that cash flowing into Bitcoin and Bitcoin Cash and all the other Crytpos ?
Chart: https://ca.finance.yahoo.com/quote/^DJI?p=^DJI
Bitcoin is the future....Crypto is the futures , future! Invest and HODL!
A trillion has come out of equities in that time, so maybe a little went into cryptos
If you sold your Stocks week last week and bought Bitcoin at $6,000 this week you made a very good Trade.
If u “put” them into puts you made a better trade 😁
Better than 60 % in 2 days ?
Easily
I hope so. It looks like more whales are coming in. So we need to be more responsible and watchful when investing into crypto.
offgridlife, I really don't think much money went from the stock market to crypto. The reason I say that is I believe it's a lack of knowledge about how to invest in crypto, besides all the recent negative press about bitcoin bubble and cryptocurrencies in general. If anything, money flows from equities, to short duration bonds, or cash. Frankly, profit taking. The old saying applies in the stock market, crypto, futures, etc., "bulls make money, bears make money, but pigs get slaughtered."
Nice to see you keep an eye on the market for us here on Steemit, @offgridtravel. Steemit is my first foray into cryptocurrency and will be keeping a closer eye on it now.
Maybe!
My take is similar to yours:
https://steemit.com/finance/@lrmcdowell/update-stock-market-vs-crypto-market-the-perfect-storm-part-2