OK whats going on with this drop ?

Discussion in 'Digital Currencies' started by renovator, Feb 6, 2018.

  1. renovator

    renovator Well-Known Member

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    Any insight into this bloodbath ? its everything not just cryptos .
     
  2. leo25

    leo25 Well-Known Member Silver Stacker

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    Too many bubbles in the world and they are all going to pop. Cryptos, stocks, bonds, housing etc... Good thing we have central banks to stop stuff like this happening :p oh wait...

    Interesting to note gold and silver is up.
     
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  3. dozerz

    dozerz Well-Known Member Silver Stacker

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    fear correction, risk averse investors leaving speculative market en masse.
     
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  4. madaw1

    madaw1 Well-Known Member

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    Too much manipulation everywhere-this is he bloodbath we had to have.
     
  5. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Let's play a game

    How low will it go?

    Any guesses on what the lowest point the total market cap will hit is?

    And Inb4 haters say zero :p

    Currently at 307B and plummeting

    I'll go with 150B :eek:
     
  6. renovator

    renovator Well-Known Member

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    il go with 170B
     
  7. SilverDJ

    SilverDJ Well-Known Member

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    I'll predict 200BN
     
  8. Peter

    Peter Well-Known Member

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    No one knows why this happened now.
    The commentators come up with reasons but it's just bulldust, they don't know.
    They have to say something.
     
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  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Sit back, drink beer and watch the show.
     
  10. Gullintanni

    Gullintanni Well-Known Member

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    I agree with Leo.
    There has been far to much loose and easy money floating around from the big players and things have gotten a bit out of hand.
    While the DOW is a big number drop it is sweet FA percentage wise.
    See what the rest of the week brings i guess.
    While i think there is some money to be made in the rebound on crypto i would not be putting money in stock.
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

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    as it looks atm ill say $150B too. Seems like all the support is there.
     
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  12. renovator

    renovator Well-Known Member

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    nah some of JLG's meds would be good though :D
     
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  13. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It was caused by the Russians using fake adds on Facebook.
     
  14. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    This is the start of beginning of the tighter interest cycle.

    My 2 cents worth

    With the ending of the QE the cheap money banks borrowed and we used is now fading.
    But it will take two or three years for FED interest is 4% and our reserve 6 to 7%.

    For those waiting for housing bubble to end in SYD/BRI/MEL ... nothing of the sort is signaled yet, that wont happen until unemployment hits 7 to 10%.

    Housing in Eastern seaboard will maybe move down few percentage point more. But there are plenty of first home buyers and owners who can hold for a better time.

    Housing in Perth is dependent on economy in the rest of the world, if world wide growth is as predicted stable 2.5 to 3%, it will stagnate. However if world wide growth is predicted to breach 3%, than a new boom is coming.

    As for stocks next month it will be where we are, plus or minus 10% (plus 10% from now is back to what it was few days ago)

    As for Crypto next month -> it is a falling knife, I am not even going to guess but my worst prediction in early Jan was $5k. Having said that all bets are off until we have a succession of daily ends higher than the the day before, right now Crpyto is losing 10% a day seem to have taken hold. The facts are Millennials, Mums and Dads are out, medium to long term. Only people left in the short term are faithfuls and gamblers

    The goal is be liquid and take advantage of any other catastrophes that can tip investment down to further. And to buy back in when it is on the way up again. Like death and Taxes prices will go up and prices down again.
     
    Last edited: Feb 6, 2018
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  15. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    I suspected that too but I was too polite to say something. Damn those No Coiners....
     
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  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    I’m currently sitting with my original capital intact in AUD waiting to get back in, as well as my long term holds which the profit on my original capital bought.

    Must say that most of them are below what I paid for though.

    Also just finished another can of Colonial Brewing Co Pale Ale. Will do some weeds that have been giving me the shits, some fertilising and maybe kill some ants.

    Then I’ll have another beer and continue watching the show.
     
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  17. SilverDJ

    SilverDJ Well-Known Member

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    Most of mine are still way above what I paid for them. No worries.
     
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  18. leo25

    leo25 Well-Known Member Silver Stacker

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    if it drops another 50% from here then ill be in a break even zone. So i want it to drop another 50% so i can buy more then.
     
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  19. alor

    alor Well-Known Member Silver Stacker

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    previous administration people got investigated, some people are picnicking there :)
    ignore all the false news
    just look at the reactions down !!!
     
  20. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    I’m sure someone knows, but at what general point will industrial miners shut down?
    Is long term sub $1000 btc feasible for nodes to survive?
     

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