After a pretty good run of bulls in Dow Jones Industrial Average was about a couple of weeks. Kryptovalyuta also experiencing a correction. Could there be a connection between the two worlds of investment?
We must be careful when using vague terms such as “bull markets and bear” in the transition to each investment area. The main reason to & # 39 is that cryptocurrency during his surprising 2017 “bull-running” saw profit slightly more than 10 times.
If you invested $ 1,000 in bitcoin at the beginning of 2017, you would earn a little more than $ 10 000 by the end of the year. Traditional investments in equities have never felt like this. In 2017, Dow has increased by approximately 23%.
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I’m really careful when viewing data and charts, because I understand that you can make the numbers say what you want them to say. Just as cryptocurrency saw huge gains in 2017, 2018 saw the same rapid correction. The point that I’m trying to do – this is what we should strive to be on the & # 39 objective in our comparisons.
Many of the new camp cryptocurrency shocked by the recent failure. All they have heard – this is how all of these early adopters got rich and bought lambs.
For more experienced traders such a market correction was quite obvious due to the rapid rise in prices over the past two months. Many digital currency in recent years have made many people millionaires overnight. It was obvious that sooner or later they will want to take part of the profits off the table.
Another factor that I think we really need to take into account – it is a recent addition bitcoin f & # 39; yuchersnay trade. I personally believe that it employs the main forces headed by the old guard, who want to see the crypt will not work.
I also see p & # 39; yuchersnyya bids and excitement around the crypto exchange-traded funds as positive steps towards the creation of a crypto-mainstream and feel “real” investments.
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Having said all this, I began to think: “What if there’s a connection?”
What if the bad news on Wall Street affected Exchange crypts, such as Coinbase and Binance? Whether they may fall in the same day? But what if the opposite is true, and this has led to increased crypt, when people were looking for another place to park their money?
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