I'm just noting this fact. I'm not saying big institutions and big private players are selling the traditional market to buy Cryptos..
VIX(volatility index is going to insane levels)
Stock market crashes. Biggest losing day in years
Cryptos reversed suddenly just a few hours after the stock market crashed.
Don't think this implies causation, at least at the moment. We have seen the market cap shoot up like this many times in the past month, only to fall down and hit lower lows. So while it's possible the stock market crash had some effect on the market cap, it definitely remains to be seen.
But we have not seen the VIX go up like this, since 2011. That's 7 years. Pretty incredible spike today
Hmmm... thanks for pointing all this out! I don't follow the stock market so it's good to hear of the trends....
Sir @scandinavianlife why crypto crashed ?? and thanks alot for sharing your information with us Keep it up i wish you all the best
Hi. Could be many reasons. Fear, short term bubble tendencies, manipulation..or a combination.
Do you think there is correlation?
I don't know..It's a funny coincidence though..
Some shenanigans going on in with everything money, bond market is whack, basically everything is dropping, what is going up? Fiat hodls or something?
Dunno man. Somethings up though..
A stock market correction was imminent, after crypto dipped in feb all the outsiders were happy to rub it in our faces... not so much now eh?
Hehe. I love the fact that their schadenfreude was so short lasting :D
This is incredible upvoted and sharing this for visability. This could be huge. I’m so excited to watch the banking companies go bust and Blockchain take over leaving the 1% with less control and leaving a lot of early investors to a lot of new power and sway. This is turning point in history!
Could be!
Very interesting to see this! Actually I hope to see a headline by the end of the week that goes something like this:
"Wallstreet flights into crypto to hedge crashing stock market."
Which of course causes crypto to double ;-)
Hehe. Hope so! :D Dunno though..
Very interesting.. I was also thinking that many sell off their stock market assets now as they see the crypto prices are getting dragged down, just to get ready to inject their money into the crypto market @scandinavianlife
Interesting inverse relationship. Wonder if we will see more of this going forward.
Big time players crash crypto market, then they pull out of the stock market..then? :)
Round and round we go. Just hope I'm not on the other end of the merry-go-round.
I do not have complete information. Could you tell me where I can invest
and nice post thanks.
so basically what your saying is... HODL !!!
Not saying anything :)
Very interesting
Money is linked everywhere so simultanuous events makes you wonder. Could be another major influence pulling the economy down, but dont think this is the case now.
Something to watch for sure. Wish i had a few spare PC's so i could run multiple machine learning nural net ais.