If bitcoin often moves along with stocks, there isn't much of a reason to own it.
Yeah but from my perspective Bitcoin has done nothing but go x2 every year so from my point of view all these conclusions being drawn are just flat out silly. Bitcoin can decouple for a week and go 10x and it's like no one's paying attention to that. Feels like I'm taking crazy pills over here.
True, but not everyone has your perspective and/or expects history to keep repeating. Past performance doesn't guarantee future results and all that...
Yes, but the aggravating thing is going to be when history DOES repeat itself and everyone just continues on like they were never wrong. Happens all the time.
The only plus side to that is that if people keep making the same mistakes over and over again I can profit off of that using zero-sum game-theory, but that's not why I'm here so it's disappointing. Silver lining.