U.S. stock market suffers worst week since 2008 financial crisis

nicster551

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Quote from: cybersofts on December 21, 2018, 07:41:23 PM

- Dow Jones Industrial Average down nearly 7%, a biggest weekly drop since 2008
- S&P 500 falls 7% for the week, worst since 2011
- Nasdaq closes in a bear market

Reference: https://twitter.com/CGTNOfficial/status/1076261272918810625

Then probably it is their time to go down for now, and like other things it most go up again in time and we just have to wait for it.

exstasie

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Quote from: 1Referee on December 23, 2018, 02:29:03 PM

Quote from: Bitcoin_Arena on December 23, 2018, 01:13:52 PM

I have been following stock market... it hasn't really been doing good lately. But let such a thing happen to bitcoin and other cryptos,then you will here trolls and low lives here and there preaching how it's the end of road for crypto.

I'm not even sure why people expect it to continuously do well?

Because of the historical trend. It's sort of like Bitcoin in that way. It was sensible to keep betting the trend since it's sustained for years and years. Betting against the stock market has usually been the dangerous/gambler move.

But like Bitcoin, indiscriminately buying the dip and holding will always eventually bite you in the ass and force you to eat major losses or hold for years to get back above water.

berrehili

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We were in a global bull market because we had too much "fiat money" in the markets, after massively investing in real estate they had to pour the money somewhere else, so they created a self-fulfilling situation where the more they invested the more companies' value increased which drove retail investors in the market too...

Now, the retail investor is losing his feathers after all the institutional ones took the gains...

Basically, get ready for a 2-3 years bear market.

1Referee

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Quote from: Bitcoin_Arena on December 23, 2018, 01:13:52 PM

I have been following stock market... it hasn't really been doing good lately. But let such a thing happen to bitcoin and other cryptos,then you will here trolls and low lives here and there preaching how it's the end of road for crypto.

I'm not even sure why people expect it to continuously do well? Markets are very similar in nature. If they are unreasonably bought up and fueled by certain stimulating measures from the side of the government, which definitely applies to what's happening in the US, the market will eventually lose steam and correct. In case of the US stock market, it could very well end up being a correction taking many years to bottom out.

Crypto in that regard is a much easier market to work with. Yes, the movements up and down are extreme, but time flies here and that's what makes this market so interesting to invest in from an investor's perspective. The stock market would probably need close to a decade to go from $20,000 to $3000 while we did it in a matter of 11-12 months.

Harlot

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A proof that the cryptocurrency market is not the only market in peril. This news sources we have always makes it look like that we are the only ones who are experiencing a significant loss in growth when the truth is all the market is somehow affected by this recession. For all the people saying that BTC or even the crypto market is dead this is an eye-opener for you as you always need to think first before you do any kind of action sometimes its not always within the industry that is having a problem.

Bitcoin_Arena

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I have been following stock market... it hasn't really been doing good lately. But let such a thing happen to bitcoin and other cryptos,then you will here trolls and low lives here and there preaching how it's the end of road for crypto.

pabpete

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And this is very good news for all cryptocurrency supporters. When the bust on the stock markets in the US begins, certainly a large part of investors will transfer their funds to cryptocurrencies.

Semosuchi Tesongrato

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Sometimes I have the impression that the collapse of the crypto coins has been provoked only to give the economic newspapers something "sensational" to talk about, so as not to have to deal with the problems of the "real" economy that appear every day more serious. .

cizatext

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Quote from: cybersofts on December 21, 2018, 07:41:23 PM

- Dow Jones Industrial Average down nearly 7%, a biggest weekly drop since 2008
- S&P 500 falls 7% for the week, worst since 2011
- Nasdaq closes in a bear market

Reference: https://twitter.com/CGTNOfficial/status/1076261272918810625

The stock market does not promise stability and when it comes to volatility it not only cryptocurrency that is volatile all other commodities in the exchange ground no matter how long it experience stability there is always a time of market fall and crisis too. The U S stock is not an exception to this fact.

MULTIK888

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This may lead to the fall of the main cryptocurrency back to 3000 dollars. Although we have seen in the last week the market growth and correction from the bottom, but the opening of trading on Monday can return everything to the previous course.

audaciousbeing

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Its not out of place to see the stock market take a nose dive sincerely and the people who goes to through historical analysis in other to exaggerate the extent of such fall are merely hypocritical about it as its really not needed. They only succeeded in creating panic where there is none. Its a stock market and fall and rise are part of it. The following day, there could be some increase or gain, government may announce policy changes and all the losses would be recovered in hours. Its that volatile.

bitgolden

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When one stock falls its something different but when a whole stock market drops 7% all together that is really not expected. This does seem to have some bad affects for economy in the long term. I know 7% is something that could be recovered eventually but it slows the economy down enough to actually destroy couple smaller business and really just sets back the economy for years.

Obviously, this is not as bad as 2008 because back than when the crisis hit it was so big that even other countries got affected but this time its a bit different. Since FED has been strict about what they will do the money in USA has been trying to get out, when it gets out than it will start to be used and invested in other countries. Basically FED is making Americans use their money to improve other countries which is really horrible for american economy.

mu_enrico

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Usually, the small market will follow the big market. In other words, the cryptocurrency market movement will follow the stock market movement. At the moment, we should hope that no financial crisis occurs since it will negatively affect the crypto market as well.

You might find the daily chart differs 180 degrees (for both market), but for the weekly and monthly chart, usually, we could tell the bear/bull dominance.

figmentofmyass

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Quote from: Idoe on December 22, 2018, 03:45:39 AM

An alarming stock market, will it affect the crypto market?

when the bottom fell out on stocks last week, crypto ignored it and actually pumped. i don't think there's really a negative correlation but maybe a bear market in stocks won't be as bad as i originally thought.

Quote from: davis196 on December 22, 2018, 01:42:38 AM

The fear of an upcoming crisis doesn't prove that the crisis will come for sure.
I don't believe that a crisis is coming.This is market chaos and panic,but it's not a "great depression" type of market crisis.The market panic is caused by the USA tariff wars.This is the only obvious reason.

i agree, i think the fear is overblown. too many people expect a financial crisis right now. when it really happens, i don't think most people will see it coming.

clrpod

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Quote from: Initscri on December 21, 2018, 07:57:37 PM

IMO the fear of standard equities would only raise the price of Bitcoin, so while I'm not happy the markets have suffered, having diversification in Bitcoin makes it somewhat better.

This theory never seems to add up. Stocks are an investment and for most people so is bitcoin. They're only aiming to grow their dollar accounts. If they're losing money in one market and withdrawing due to lack of funds then they won't move to another market, they'll move somewhere safe like bonds or just to a savings account.

munareal

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This is an indication that the cryptocurrency market is a good investment as the bearish market situation is affecting the stock market too.

Idoe

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An alarming stock market, will it affect the crypto market?
Learning from here maybe we can take steps to manage crypto properly. Or will they study with the crypto market and finally enter the crypto market.

exstasie

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Quote from: gentlemand on December 21, 2018, 08:04:50 PM

This is definitely the most fascinating phase in Bitcoin's price development. The combo of a vast crash followed by a vaster crash in the wider world is brand new territory. It could be the absolute making of BTC, or give it the kicking of the millennium. I have zero idea which way it'll go.

It's possible the stock market is more isolated than in 2008. Real estate indices and funds don't look nearly as bad. Banks are also not nearly as leveraged this time around. They hold 3-5x as much capital as before. The last crash was a perfect storm of factors that don't seem to be present this time.

Another possibility is the stock market isn't really crashing and in hindsight this will just be another multi-year correction.

davis196

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The fear of an upcoming crisis doesn't prove that the crisis will come for sure.
I don't believe that a crisis is coming.This is market chaos and panic,but it's not a "great depression" type of market crisis.The market panic is caused by the USA tariff wars.This is the only obvious reason.

Initscri

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Quote from: hatshepsut93 on December 21, 2018, 10:09:38 PM

Quote from: Initscri on December 21, 2018, 07:57:37 PM

IMO the fear of standard equities would only raise the price of Bitcoin, so while I'm not happy the markets have suffered, having diversification in Bitcoin makes it somewhat better.

I dunno if our jump from $3,200 to $4,000 can be attributed to bearish tendencies on stock markets, but I doubt that there will be any long-term correlation like that. Bitcoin has its own cycles, and whatever is happening in the other markets can't outweigh them. Maybe in the early days such events could significantly influence Bitcoin's price, but today Bitcoin is pretty big already.

I don't think it can be 100% attributed, but I definitely do believe it had a part (even a minimal one).

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