🐒 The Dow has fell from a high of 26,616.71 to close today at 24,345.75 that is a drop of 2270.96 points in just 6 trading days , down ( -8.53% ) from the high
🐒 The S&P has fell from a high of 2872.87 to close today at 2648.94 that is a drop of 223.93 points in just 6 trading days , down ( -7.79% ) from the high
Below is a daily 6 month chart of the DOW
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Below is a daily 1 year chart of the S&P 500
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A question for the community if the Stock Market does crash how do you think it would affect Bitcoin ?
Please feel free to comment below.
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DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
everything is crashing right now
Correction would be 10% so we are still a good 3% off from that so tomorrow I believe will be another day of tanking with a possible mini recovery towards the end at closing if things start to look oversold.
I think we are just in for some rather stag-nit and low Feb for sure. With a possible pick up again March and April which is what we normally see when looking back at the history of stocks and crypto. This makes me want to invest even more!! :D
It won't be good. Bitcoin seems to be unlike gold in that Bitcoin tends to go up when times are getting better and vice versa. In fact, I'm sure that there's at least one stock market pro passing around the theory that Bitcoin might be a leading indicator for the stock market.
Given that Bitcoin turned south about a month before the stock market did, that's a hunch which might get some traction.
Somewhat Related: 'Round here, the oldbies have been telling everyone to HODL. Adjust for terminology, and stock-market pros are saying the same thing. Just read five or so articles on this Bloomberg feed and you'll see it:
https://www.bloomberg.com/news/articles/2018-02-04/asia-stocks-brace-for-selloff-bond-rout-deepens-markets-wrap
I've spent some time noodling around a different forum, in a couple of threads filled with experienced investors. What's noteworthy is how little fear there is. The bulk of those investors are taking the dip in stride. Many of them are philosophical in a "what goes up must come down" way.
I don't know what's going to happen to the stock market; I really don't. What I do know is that there's surprisingly little worry.
Yeah.., I thought that was a little weird, that nobody seemed worried at all!
A small part of me thinks it's a little eerie, but only a small part.
Not that it matters: I'm long gone from the stock market. But still...
I was down on Wall St the other day (not finance related, Im a bartender), the whole place gives me the creeps!
Yeah; it was more fun when the shibes turned the Wall Street Bull into the Wall Street BullDoge :)
Hahahaha -- I love it!
There is definitely a lack of a sense of humor down there...
Not a good sign, that lacking.
At the current time. Bitcoin price low but I belive that bitcoin price increasing soon..
It's a great time to buy the Dip!!! The whales will be back into play real soon... Just heard that the Big Meeting tomorrow for ICO's and Crypto in the U.S. has already been pre-determined... Heard that ICO's are still a no go and as far as Crypto goes the government is for it... So BUy up all you can at these Low Low prices, because the market is about to Moon Shot!!!
Great informative bitcoin post
Sir
I think it would be bullish for Bitcoin if the Stock Market crashed
Thanks @me-tarzan for the information. I feel if the Stock Market crashes, that many things crash with it. Including CryptoCurrencies. Sadly, I am starting to feel that inflation has affected the world for too long. And that this is the start of a correction of the world.
In Australia where I live, I have started hearing about a possibility for a major housing crash of 40-50% which will not only affect home loans, but many other aspects of our life. This will also bring down the ASX200, making those who are shorting the asset, a lot of money.
I feel that cryptocurrency has hit its bubble, and it burst. I wait to see what will happen, but a lot of the currencies won't survive (in my opinion) or will / have no actual value.
Thoughts?
Btc will rise again soon we just need to wait for it to pop.. media is also giving fake news about crypto destroying people's mind to invest.
I believe that the crypto currencies would make some positive gains, thogh for how long or how much...I have no idea.
The real question though is what exactly could have caused these .crashes?
Hoping you can provide us with your valuable insight.
Here is my introductory post by the way... finally got around to posting it...
https://steemit.com/hot/@order4adwriter/let-s-all-steem-on-phillip-afa-freelance-copywriter
Good Theme!
Bloomberg is really pushing the idea that cryptocurrency is not the new gold (i.e. a safe haven for stock market correction). I totally believe that they are wrong and trying to manipulate the cryptocurrency market to favor the stock market. I know someone that was trying to sell gold and gave up because everyone wants cryptocurrency. I think cryptocurrency is the new gold, but not in the same way we have used gold in the past. The reality is the stock market moves much much slower than cryptocurrency. It would take the stock market forever to recover from a recession, while cryptocurrency will recover in far less time and potentially outperform the stock market many times over. The fact that the cryptocurrency market is down is a bonus. I think investors can make massive profits if they dump stock for cryptocurrency right now. Even if cryptocurrency goes down further, it will still recover in less time. Bitcoin however could be a bad decision. STEEM is the new gold!
Bitcoin go up
Bitcoin go down
I buy more
When it hits the ground
DISCLAIMER : This content is for informational, educational and research purposes only.
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
All ideas , trade signals , opinions and/or forecasts are for informational, educational and research purposes only and should not be construed as a recommendation to invest, trade, and/or speculate . Any investments made in light of these ideas, trade signals, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk. I am not an investment advisor, information shared here is for informational, educational and research purposes only and not a recommendation to buy or sell anything .
🐒
Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here . Any market data or news commentary used here is for illustrative and informational purposes only.
Trading involves a high level of risk. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Consult an investment professional before investing.
Long term it will not affect bitcoin. Today it is affecting bitcoin.
I treat crypto as a new asset class and assigned it a target percentage of net worth. In the two years i have watched bitcoin, I generally thought it was not very synchronized with the equity market and therefore worthy of an allocation. The market doesn't always make sense on a daily basis. For instance the supposed reason for the wall street scare was the surge of good earnings and a good wages report on Friday making everyone scared that the Fed will see inflation and rapidly raise rates. If that makes sense then it doesn't make sense that commodities went down in general. I would have said that people are in general not very worried but just hanging onto cash and waiting for bargains, be they stocks or bitcoin.
DISCLAIMER :
This content is for informational, educational and research purposes only.Please get the advice of a competent financial advisor before investing your money in any financial instrument.
It is strongly recommended that you consult with a licensed financial professional before using any information provided here .
The DOW ended Thursday down more than 1,000 points. The stock market is officially in a correction, defined as a 10% decline from its most recent high. Price broke through weekly demand at 24,100. There is more weekend demand at 23,300. However, I anticipate the DOW to close the week lower on Friday because nobody want to put on new positions going into the weekend.
If the next weekly demand is broken, look for price to go down to the monthly demand at 22,000 (represented by the yellow rectangle). Monthly demand and supply zones tends to be stronger than weekly demand and supply zones.
Not only has the DOW erased all the gains for 2018, but the DOW is in the process of closing below the December 2017 low of 23,936 as well.
The last time this happen was back in July of 2015, in which the DOW dropped another 2,500 points afterwards. The markets are still fairly strong as indicated by low unemployment, higher job wages and increased interest rates, so I don't anticipate another 2,500 point drop. What we are experiencing is a healthy pull back in a market that was over extended.
For a deeper explanation of why the Markets are correcting, look out for my next Wall Street Secrets Revealed post next week.
This post is my personal opinion. I’m not a financial advisor. Do your own research before making investment decisions. By reading this post, you acknowledge and accept full responsibility of any gains or losses.