Billionaire 'Bond King' Jeff Gundlach says stocks will crash, predicts a weaker dollar, and questions bitcoin in a new interview. Here are the 10 best quotes. | Currency News | Financial and Business News | Markets Insider
Billionaire Jeff Gundlach says stocks will crash, predicts a weaker dollar, and questions Bitcoin. Quote: "I don't believe in Bitcoin. I think that it's a lie. I think that it's very tracked, traceable. I don't think it's anonymous"
If the Stock Market Opens Red Tomorrow, Expect Massive Dips in Bitcoin; Bitcoin Growth/Dip == Stock Market
As the title suggests. I see posts of people asking whether to buy or not. No one knows but one thing is for sure, but when the election comes around in one month and stimulus starts drying out the stock market is going to crash, the FEDs can't QE forever. With that being said, Bitcoin follows the stock market. Today the stock market, dropped near 4%. Bitcoin dropped 8% and in the plague like dips in March/April. Bitcoin just doubles the dips of the stock market. Source: My ass.
Nasdaq Will Launch World's First Bitcoin ETF On Bermuda Stock Exchange
Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). The stock exchange announced it had approved the ‘Hashdex Nasdaq Crypto Index’ on September 18, revealing that 3 million Class E shares will be issued for trade on the platform. The fund should be liveby the end of the year. ETF offer a regulated and insured vehicle for institutional investors access exposure to commodities without holding the underlying assets. CryptoCrunchApp News
A common argument thrown by traditional investors is that cryptocurrencies don't have an intrinsic value. The classical example is saying that Bitcoin is not as good as gold because you can build stuff with gold, while Bitcoin's only use is speculation, but I don't find this true at all. First of all, you can use Bitcoin to pay fees to write into the most decentralized and robust database in history. That by itself has instrinsic value. And second but not less important, you can actually own Bitcoin easily. A lot of investors don't actually possess gold. They posses contracts that say that they own gold “somewhere” with no easy way or no way at all to redeem it. So you usually couldn't due anything with the gold you “own”. You cannot melt it, forge it, or anything. Same for stocks. They often are not under your name. Heck, sometimes there are not even stocks involved at all. You only have a contract that tracks the price of them. So, a lot of people can't do anything with their stocks other than trading them through intermediaries and during trading hours/days. You usually don't receive a dividend or have a way to vote on the company's direction. Unlike some cryptocurrencies that actually provide you with that and you can actually own by yourself, unlike the gold, stocks, or forex, you probably would never be able to withdrawn (only your balance in a specific asset, not in any other of the assets you allegedly possess). Yesterday I tried to discuss this on investing, and I got a lot of backlash, with a lot of people missing the point, thinking that I was suggesting buying stocks based on the dividends they offer or something similar, which is far from what I'm saying. So I thought about starting the same discussion in this community to see if the argument lands better or I'm really missing something here. What do you think?
‘Warren Buffett’ Index Predicts Stocks Crash — How Will Bitcoin React?
The “Buffett Indicator” has hit levels unseen since the dot-com bubble, and Bitcoin could see a major reaction in the event of a major crash in stocks.
Does this provide any glimpse into Bitcoin’s long-term trend?
According to Tom Essaye, the founder of Sevens Report Research, stocks are considered as “fundamentally overvalued” when the Buffett Indicator hits 1.3. The current level of 1.7 indicates that there is a potential for a steep downtrend in the stock market if the trend reverses. He explained:
Is Bitcoin value stock market correlation good or bad'
Maybe I am off the mark but watching price there seems to be increasing correlation with stock market movements. I anticipated that there would be an upside of Bitcoin when the market was down. i.e. There was a swing down today after POTUS COVID news
Is it more frequently tracking closely with stock market movement?
Is Bitcoin a leading indicator for stocks? (plot attached)
I read an article that claimed that Bitcoin tended to lead stocks market changes, but this was the usual tea leaf reading and chart-staring. So I decided to compute the cross-correlation function of daily bitcoin percentage changes with SP500 daily percentage changes, from 2015 to today. Plot here: https://i.imgur.com/zNHSzZK.png The big white peak shows that bitcoin and stocks move in parallel on the same day (zero time lag). But the broad bump in the red boxcar-smoothed correlation function suggests that bitcoin prices changes today are correlated with SP500 changes over the upcoming week. However the SP500 seems to have little or no predictive power for Bitcoin, because there's no peak to the left of zero. NOTE: the cross-correlation function is defined as c(t) = ∫ 𝝙BTC(𝜏 )/BTC((𝜏 ) ⨉ 𝝙SP500(𝜏 +t)/SP500(𝜏 +t)d𝜏 so that if BTC(𝜏 ) tends move the same as SP500(𝜏+t) for many 𝜏 then c(t) should have a peak at t. edit - a simple hypothesis: The zero-lag (white) correlation is obviously just normal correlated markets. The longer (red) correlation represents an internal lag time to the stock market in responding to events. For example a negative event causes a crash in both BTC and SP500. The Bitcoin falls fast, and stops, but SP500 reacts slowly and the sell-off takes a few days to complete. As an analogy, an earthquake knocks down a building (BTC), and also sets off a huge landslide (SP500), but the big landslide tends to be followed by a series of smaller landslides. The building's fall "predicted" the multi-day landslide, but it's not a useful prediction, because you could have looked at the initial landslide and known that more landslides tend to follow. edit 2: a technical way of saying this is that the SP500 might have a longer impulse response to external events than BTC.
[ Bitcoin ] Created a Bitcoin Stock Art: 5 Years of market activity + Bitcoin cash in the back.
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You can see the Bitcoin market cap at Blockchain.info or at Bitcoinity.org with the graphs showing all the coins available for buying and the coins available for selling. The similar statistics for all cryptocurrencies can be viewed at the Crypto-currency Market Capitalizations website with coins sorted by their market cap by default. 8MB - blocks containing string "8M" in their coinbase scriptSig (i.e. miners supporting block size increase to 8MB citation needed) ; BIP100 - blocks containing string "BV" + some digits in their coinbase scriptSig that is BIP100 (and others based on it), also includes blocks with string "BIP100" in coinbase ; BIP101 - blocks with version 0x20000007 as defined in BIP101 Bitcoincharts provides real-time market overview for currently 39 exchanges. Wherever the Bitcoinity data includes multiple exchanges, we used the average daily bitcoin price on all exchanges. For the three gaps in the dataset – 6/21/2011 - 6/22/2011, 6/24/2011 - 6/25/2011, and 6/27/2011 - 7/04/2011 – we interpolated the available data to backfill bitcoin prices on those dates. With this in mind, let’s take a closer look at the top 15 best Bitcoin exchange and trading platforms by volume based on Bitcoinity data. Share Tweet Email Page 1 of 16
WARNING: THIS CHART IS EXTREMELY BEARISH FOR BITCOIN ...
Free Bitcoin Real Time Chart: https://bitcoinity.org/markets If you are new to bitcoin then you will enjoy this handy chart with the bitcoin real time price.... https://data.bitcoinity.org/ This video goes into the very helpful site, Bitcoinity. This site provides historical order book data in a similar fashion that ... Welcome to Team Underground, I (Thomas) do weekly BTC price analysis on YouTube. I've been full time trading bitcoin for over a year now and I've decided to ... In this interview, I talk to Plan₿, known for his Bitcoin stock to flow ratio analysis and the author of Modeling Bitcoin's Value with Scarcity. We discuss g... In this video Jason reviews the site BitCoinity.org which is a superb copy to mtgoxlive.com What is BitCoin: http://youtu.be/Um63OQz3bjo Dwolla: https://www....
