Bitcoin Forum

Friday was a 500+ point drop, what will MOnday have in store?? I'm torn between a 300 point recovery or another 500+ drop… what you think?

Im staying away from it right now, im only focusing on Bitcoin and that's enough of an headache to keep a crypto portfolio. It's not a good time to see your portfolio go down with the goddamned XT thing causing panic. Anyway, time to stack up more cheap coins.

I think an upwards correction is incoming. I hope that it's not going to be out-weighted by losses though because surely the decline is going to continue for some market components.

How much did you make off the drop today?

I think we're in for another decline tomorrow, but not by the same level of drop. i don't think a bounce back will come until later in the week and hopefully it's not a quick rally. We need a correction, hoping that this was it (and just in time for the end of the month)!

Here's one insight on what's motivating the moves: http://time.com/4008590/stock-market-401k-crash/

Remember...bears make money, bulls make money, and pigs get slaughtered!

Stock Market Crash is happening, and it will be harder tomorrow. China's bubble is popping and every other financial market linked with it as well...
You don't have to take bets here, it will clearly be on of the biggest declines in this century.

...

An easy place to monitor DOW and S&P 500 futures is at:

marketwatch.com (http://marketwatch.com)   <=== Click futures in the upper right corner set of graphs.

US futures start trading about 7:00 PM Sun. - Thurs.

Major Asian stock markets are there as well.  Easy to use site.

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Right now (11:37 PM US ET) Dow futures are UP 352 points (2.24%)!

Shanghai DOWN 4.45%

we will be all red tommorow  ???

Can not get over oil. Feels like we got a serious game of chicken going on with the markets. If Iran enters the market we got some serious problems!

Seems like upwards correction did indeed happen. Wonder if it's going to stay that way, I see a lot of people being worried about China's economy slowing down and how that's going to effect the rest of the world on the mid to long term.

It's interesting because China changed its Yuan rate
Now they just announced an interest rate cut so its difficult to predict how much more the market will decline for now.
And oil at 38 bucks damn feels like a good time to buy it up.

http://www.cbc.ca/news/business/canadian-oil-stocks-hit-hard-on-markets-1.3201890

China’s fifth interest rate cut since November lifted global markets, which recovered much of their losses after plummeting in response to China’s Black Monday. It's a short-term fix, more firework inc.