> WHENEVER traditionally minded investors think they finally have their heads wrapped around cryptocurrencies' role in financial markets, the digital asset class always seems to prove them wrong.
>
>The ink had barely dried on analysis pointing out that Bitcoin and stocks were moving in the same direction (downwards) in September when that positive correlation quickly reversed this month.
>
>As it stands now, the S&P 500 is down about 5 per cent from its last record on Sep 2, while the biggest cryptocurrency is up 10 per cent. The decoupling of Bitcoin and stocks could revive one of the longstanding promises of cryptocurrencies heralded by their proponents - that they can serve as a hedge to protect investment portfolios when equities sell off during times or turmoil. That's a function that is highly in demand now, with many worrying that Treasuries can't be relied upon to perform that role during a period of ultra-low yields and accelerating inflation.
>
>Still, the highly speculative nature and often-unexplainable volatility of crypto leave many reluctant to attempt to pigeonhole it into reliable relationships with traditional assets.
>
>For Stephane Ouellette, chief executive officer of the crypto-focused platform FRNT Financial, it's a matter of recognising what type of "trading window" is dominating sentiment. These can be swiftly moving targets.
>
>"Sometimes you may say it's correlated with more speculative equities like tech, other times a store-of-value-type mentality takes over and it's correlated with gold; in major liquidations the space tends to correlate with risk assets generally," he said. "While for periods these relationships are relatively consistent, they tend to change at a moment's notice. And that appears to have happened here." Now that it's unlinked from equities, he said, "we appear back in some kind of inflation-hedge, hard-asset-correlated window.
My understanding is that if btc can move in directions different from the stock market, it can attract more of the whales looking for hedges against stock assets. While this is only an isolated example, "I think" we'll start seeing more of this. I also know less then John Snow though, so probably don't cite my inner thoughts as anything more then the rambles of a mad man.
Link for anyone that cares:
[https://www.businesstimes.com.sg/banking-finance/bitcoin-unshackles-from-stocks-bucking-trend-and-cheering-bulls](https://www.bu
... keep reading on reddit ➡
For context, I'm Australian. Our buckin' bull was a 44 gallon drum on a heavy duty spring with a handle welded on the top and concreted into the ground made by my dad. I didnt know anyone else that had one growing up and I just remembered how much fun it was and was thinking we couldn't have been the only ones to have something like that. If you had one did you call it a buckin' bull or was it called something else?
It was a short video of a person crashing around on an ATV/quad type motor vehicle inside of a garage-ish location. it was extremely loud crashing and I believe the title of the video included "bucking bull" or something, but it was NOT a mechanical bull. people were heard laughing in the video, and the person riding was screaming/laughing as well. I last saw it on Youtube in 2016.
Anyone know why they didn't do enough business to survive?
