you may have had a bad day but you didn't have as bad a day as people who lost everything in 'stablecoins.'
or as bad a day as the El Salvadorean prez who is bankrupting his nation by buying magical internet money.
Due to my gambling only a very small % of my liquid assets on equities, I am down "only" 3.66% on the year. MY equites considered alone are probably down around 30% plus.
It just drives me nuts that, since I retired at the end of last year, my investment losses dwarf my pension and Soc Sec income. I expect my investments to implement my income, not eliminate it
you may have had a bad day but you didn't have as bad a day as people who lost everything in 'stablecoins.'
or as bad a day as the El Salvadorean prez who is bankrupting his nation by buying magical internet money.
Thank God I didn't buy LUNA or UST. LUNA was $119 in April with 36bil market cap and now it's currently 0.005 cents! The circulating supply went from 2bil to 85bil in less than hour, basically it's getting burned until worthless. Makes you think how many other scams there are, especially tether (USDT). Is it really backed by 82bil US dollars? Highly unlikely!
you may have had a bad day but you didn't have as bad a day as people who lost everything in 'stablecoins.'
or as bad a day as the El Salvadorean prez who is bankrupting his nation by buying magical internet money.
These people who had everything in Terra Luna lost everything and I mean everything. And how much peace of mind can Coin Base account holders have when the CEO says that their cryto holdings might be at risk? Time to liquidate everything from those accounts.
I bought in a tiny bit today when the market was down 1.3%. I'm pretty extended already, but drops this big don't happen very often. My plan is to continue to buy in every time the market drops a further 1%, or I'll buy in more if it stays low for awhile.
I think a lot of people are crapping their pants right now. There have been a LOT of new people get into investing just since 2020 when the everything crashed because it was such an extreme opportunity and so many people made money so quickly (myself included), but new investors, especially if they haven't taken the time to study (nearly everyone), aren't psychologically prepared for drops like these. Will be very interesting to see how low the market goes this time around. Really doesn't feel like we've hit bottom yet. Maybe a better question is how long this rout will last.
you may have had a bad day but you didn't have as bad a day as people who lost everything in 'stablecoins.'
or as bad a day as the El Salvadorean prez who is bankrupting his nation by buying magical internet money.
These people who had everything in Terra Luna lost everything and I mean everything. And how much peace of mind can Coin Base account holders have when the CEO says that their cryto holdings might be at risk? Time to liquidate everything from those accounts.
I wonder if this crypto-zero event will strengthen BTC. Conceivably all the drug dealers and money launderers and people stuck in bad currencies still need crypto... and BTC may be the last one standing.
Would be pretty awesome if it starts a climb to $100k tomorrow.
I wonder if this crypto-zero event will strengthen BTC. Conceivably all the drug dealers and money launderers and people stuck in bad currencies still need crypto... and BTC may be the last one standing.
Would be pretty awesome if it starts a climb to $100k tomorrow.
Would be pretty awesome if the S and P 500 started a climb to 10,000 tomorrow.
Market will likely rally to ~4,200 then rollover to pre-pandemic high ~3,400. Companies will begin to pre-announce lower earnings as current estimates are fantasy numbers extrapolated from the free money and handout years. That plus inflation, tighter monetary policies, and weal leadership challenges the pandemic lows in advance of the mid-terms. Boxed in and out of stimulus ammunition; the dejected and pissed off populace takes us to to a fair value 1,500 on earnings of $100 and 15 multiple. Any disappointment to this scenario and the market settles ~1,000.
Market will likely rally to ~4,200 then rollover to pre-pandemic high ~3,400. Companies will begin to pre-announce lower earnings as current estimates are fantasy numbers extrapolated from the free money and handout years. That plus inflation, tighter monetary policies, and weal leadership challenges the pandemic lows in advance of the mid-terms. Boxed in and out of stimulus ammunition; the dejected and pissed off populace takes us to to a fair value 1,500 on earnings of $100 and 15 multiple. Any disappointment to this scenario and the market settles ~1,000.
This is so far from the realm of poprobability as to be laughable. You are making a fool of yourself.
Market will likely rally to ~4,200 then rollover to pre-pandemic high ~3,400. Companies will begin to pre-announce lower earnings as current estimates are fantasy numbers extrapolated from the free money and handout years. That plus inflation, tighter monetary policies, and weal leadership challenges the pandemic lows in advance of the mid-terms. Boxed in and out of stimulus ammunition; the dejected and pissed off populace takes us to to a fair value 1,500 on earnings of $100 and 15 multiple. Any disappointment to this scenario and the market settles ~1,000.
This is so far from the realm of poprobability as to be laughable. You are making a fool of yourself.
Market will likely rally to ~4,200 then rollover to pre-pandemic high ~3,400. Companies will begin to pre-announce lower earnings as current estimates are fantasy numbers extrapolated from the free money and handout years. That plus inflation, tighter monetary policies, and weal leadership challenges the pandemic lows in advance of the mid-terms. Boxed in and out of stimulus ammunition; the dejected and pissed off populace takes us to to a fair value 1,500 on earnings of $100 and 15 multiple. Any disappointment to this scenario and the market settles ~1,000.
If the populace is pissed off that means they can’t afford the life they *want* en mass. Thus demand had dropped. This inflation is mostly unmatched demand with constrained supply… so inflation would go away in your scenario of a real economic depression no?
Then the Fed acknowledges no need for rate rises and that’s priced in to equities. So your whole thing is contradictory.
Haven’t bought anything yet but getting close for a small purchase of SP or QQQ.
BTC/ETH I feel like there’s more to fall because they’re correlated to heavily with the market. Want to grab a nice little chunk of BTC at <22k ideally.
Market will likely rally to ~4,200 then rollover to pre-pandemic high ~3,400. Companies will begin to pre-announce lower earnings as current estimates are fantasy numbers extrapolated from the free money and handout years. That plus inflation, tighter monetary policies, and weal leadership challenges the pandemic lows in advance of the mid-terms. Boxed in and out of stimulus ammunition; the dejected and pissed off populace takes us to to a fair value 1,500 on earnings of $100 and 15 multiple. Any disappointment to this scenario and the market settles ~1,000.
If the populace is pissed off that means they can’t afford the life they *want* en mass. Thus demand had dropped. This inflation is mostly unmatched demand with constrained supply… so inflation would go away in your scenario of a real economic depression no?
Then the Fed acknowledges no need for rate rises and that’s priced in to equities. So your whole thing is contradictory.
Haven’t bought anything yet but getting close for a small purchase of SP or QQQ.
BTC/ETH I feel like there’s more to fall because they’re correlated to heavily with the market. Want to grab a nice little chunk of BTC at <22k ideally.
There was no economic depression in 2000-2002 and 2007-2009 and the S&P 500 dropped 52% and 59% respectively; the NASDAQ down 83% 2000-2002. The populace if wise to the incompetence would already be pissed off at politicians and the Fed. For the time they are fat and happy on easy money and stimulus checks, only now learning the cost is inflation. Fake markets can only last so long, this week’s crypto blow-up is like ARKK; symptoms of the biggest asset bubble ever.
you may have had a bad day but you didn't have as bad a day as people who lost everything in 'stablecoins.'
or as bad a day as the El Salvadorean prez who is bankrupting his nation by buying magical internet money.
These people who had everything in Terra Luna lost everything and I mean everything. And how much peace of mind can Coin Base account holders have when the CEO says that their cryto holdings might be at risk? Time to liquidate everything from those accounts.
They can just move their coins out of Coinbase to a wallet or Ledger. But the average person doesn't know how to do this so I guess this would put a lot of fear out there. It blows my mind how many people still buy crypto on Robinhood. If you can't move the coins then they're not yours.
Aaaaaaand there it is. From the start, The market knew this deal was dubious. Another example of the wisdom of crowds.
Elon Musk said his $44 billion bid to purchase Twitter was “temporarily on hold” until he could get more details to confirm that spam and fake accounts represent less than 5 percent of the social network’s total users. Mr. Musk, the chief executive of Tesla, made the announcement in a pre-dawn tweet on Friday. He linked to a Reutersarticle published on May 2 about a regulatory filing by Twitter that included an estimate of the number of spam and fake accounts. Shares in Twitter fell about 20 percent in premarket trading on Friday.