02-12-2022, 06:16 AM
I originally bought crypto as a hedge to the market, but now all crypto does is foll
<!-- SC_OFF --><div class="md"><p>I bought BTC & ETH years ago and have held ever since. Only time I add is during 20%+ corrections, and I have never sold.</p> <p>When I originally bought cypto, it was as a hedge to the stock market. And it worked that way until recently.</p> <p>I'm not sure what happened in the last ~2 years but now Crypto just follows the market. If the market is down cyrpto is down. If it's up, crypto is up. My assumption is cyrpto just got way too big the last few years and it just follows the bigger market.</p> <p>I thought crypto was suppose to replace a lot of commodities? Turns out it’s just another temperature gauge of the market? Clearly not a hedge.</p> <p>At this point, why not just buy SPY instead?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Arcadia47"> /u/Arcadia47 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sq8rzd/i_originally_bought_crypto_as_a_hedge_to_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sq8rzd/i_originally_bought_crypto_as_a_hedge_to_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I bought BTC & ETH years ago and have held ever since. Only time I add is during 20%+ corrections, and I have never sold.</p> <p>When I originally bought cypto, it was as a hedge to the stock market. And it worked that way until recently.</p> <p>I'm not sure what happened in the last ~2 years but now Crypto just follows the market. If the market is down cyrpto is down. If it's up, crypto is up. My assumption is cyrpto just got way too big the last few years and it just follows the bigger market.</p> <p>I thought crypto was suppose to replace a lot of commodities? Turns out it’s just another temperature gauge of the market? Clearly not a hedge.</p> <p>At this point, why not just buy SPY instead?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Arcadia47"> /u/Arcadia47 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sq8rzd/i_originally_bought_crypto_as_a_hedge_to_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sq8rzd/i_originally_bought_crypto_as_a_hedge_to_the/">[comments]</a></span>Kind Regards R