Bitcoin and Nasdaq Composite: A Lot in Common!

in cryptocurrency •  7 years ago 

Bloomberg-Bitcoin-Nasdaq-bubble.jpg

This Morgan Stanley Research Chart overlays the historical price of the Nasdaq Composite and Bitcoin. Although over two different time spans, the chart is pretty telling. Is Bitcoin doomed to keep following in the footsteps of what happened to Nasdaq? Or will it defy this chart and go higher?

Source: Economy and Markets

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

check this chart. btc and gold price are very similar over a long time period, https://steemit.com/bitcoin/@trisolaran/striking-similarity-between-gold-and-bitcoin-charts

You got a 33.33% upvote and resteem from @estream.studios courtesy of @blockchainspoon. Thank you for using the @estream.studios UPVOTE and RESTEEM bot.

If you are looking to earn a passive no hassle return on your Steem Power, delegate your SP to @estream.studios by clicking on one of the ready to delegate links:
50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | Custom Amount

You will earn 80% of the voting bot's earnings based on your delegated SP's prorated share of the bot's SP pool at the end of EACH voting round! That is up to 38.5% APR! You can also undelegate at anytime.

I also saw this and found it interesting. They also notice that the move were much quicker than the Nasdaq bear market which may signal that while we still have some time in this downtrending market, the Crypto market would come back to all time highs much quicker versus the Nasdaq which took a decade to get back to its all time highs.

That is a very good point!!!

You got a 10.03% upvote from @upmewhale courtesy of @blockchainspoon!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!

You got a 7.16% upvote from @adriatik courtesy of @blockchainspoon!

You got a 23.12% upvote from @luckyvotes courtesy of @blockchainspoon!

they are, of course, two different things. I just hope btc won't take long to go back up, compared to nasdaq

Congratulations @blockchainspoon! You received a personal award!

1 Year on Steemit

Click here to view your Board of Honor

Do not miss the last post from @steemitboard:

Christmas Challenge - Send a gift to to your friends

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @blockchainspoon! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!