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jahn716 | 5 years ago

Potentially great news for adoption

Potentially good news for HODLers

Potentially bad news for decentralization

discuss

order

actuator|5 years ago

After the 2017-18 craze, I don't know if HODLers have gained anything on stock market. It has almost followed the broad stock market movement these days.

Look at the covid crash in March, coins like BTC also dipped and peformed worse than indexes like Nasdaq while traditional currency hedge gold rose in value when both of them were crashing.

mattferderer|5 years ago

Really depends when you bought. Using today's date..

1 Yr Holders ETH +120% BTC +51% SP500 +12%

2 Yr Holders ETH +87.5% BTC +92% SP500 +24%

It's probably not fair to go back 5 years as ETH is up over 62,000% which make the other 2 look like a straight line & it would be past the date of your argument.

Here's a Yahoo URL that should allow you to compare different items though.

https://finance.yahoo.com/quote/BTC-USD/chart?p=BTC-USD#eyJp...

geogra4|5 years ago

yeah from what I can tell BTC is more correlated with tech stocks than anything