Bitcoin became the victim of its own success

Discussion in 'Crypto Assets' started by Pekelo, May 9, 2022.

  1. M.W.


    I simply call out your empty claims. If you can't prove anything then your claims are empty and meaningless.

    #41     May 9, 2022
  2. This is what I said. They have a loan, at 21K they need to put up more collateral (which they have)
    #42     May 9, 2022
    johnarb likes this.
  3. M.W.


    Nonsense. You just handpicked a lookup period. Correlation is strongly positive with US equities and that for over 2 years now. Every quant can confirm that in a heartbeat.

    #43     May 9, 2022
  4. How would you like me to prove it?
    #44     May 9, 2022
  5. newwurldmn


    yeah. You can’t have a hundred currencies doing different things. One or two has to win everything.
    #45     May 9, 2022
  6. M.W.


    You can't and won't hence I won't be holding my breath.

    #46     May 9, 2022
  7. OK here is rolling 2-years. Has been mildly positive but at times negative. The average here is 0.10 (that's not very correlated). Any other time periods you want me to run?
    #47     May 9, 2022
  8. M.W.


    Again, you just handpicked a look back period to suit your rhetoric. Here is a measure that is more reflective of true correlation

    Bitcoin’s Correlation With Big Tech Increases to Record

    It is fair to argue that correlation was lower prior to 2020 but it has been strongly positive almost the entire 2 year period. And the time it broke down was mostly when SPX still held up (into Jan 2022) but btc crashed from its 60k+ highs earlier...

    #48     May 9, 2022
  9. Why don't ya just give me a clue of what I can do to prove it? Or if there is nothing I can do, then maybe, just maybe, you are saying this to make yourself feel better :)
    #49     May 9, 2022
  10. M.W.


    I feel good already, I don't make baseless claims. You are the one who does that. So, it's up to you to prove your claims or simply shut up.

    #50     May 9, 2022