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RE: Was this Crypto Market Rip the Answer to our Market Correlation Question?
I think those people who bought into the "Bitcoin is a safe haven, like Gold" bullshit that was going around at the back end of 2017 are the same ones who bought the peak and are crying into their beers in 2018. There is no such thing as a safe haven asset that dips 70% in 2 months.
I'm still skeptical but I hope this is the reversal we've been waiting for. We seem to have a pattern of Friday and weekend madness, whether it be FUD or HYPE so we might have a good time this weekend but it doesn't necessarily mean a lot.
Yep, and 24 hours later we’ve now had the Syria bombing which changes the whole market sentiment again.
Ah, headline driven markets...
Well to be fair, if the threat of war with Russia doesn't affect markets then there probably is something wrong.