RE: Cryptocurrencies Still Strongly Correlated to Each Other and Show Weak Negative Correlation with S&P500
Hi
Interesting Post, I love crypto currency and watch prices nearly every day since July last year. Really unlucky I started trading in a downwards market.
Anyhow, I think correlation between crypto currencies and stock market is not a big factor here. People are just trying to study the market. I believe there is a lot of market manupulation and huge pumps and dumps in crypto. Another factor are news FUD. In the other hand there are many crypto currencies developing behind the scene. I don't want to advertise here so I will not mention anything specific. Crypto prices will go high again in future. Nobody know the exact time, so let us just invest little for the time being.
In conclusion, I have learnt a lot from crypto and now I started my blog in steemit with a new experience.
Hope all the best to you all.
Welcome to Steemit @captain2020!
There is indeed of manipulation going on, like in any market. We all just have to grow up, professionalize and adopt. The future is bright :-)