Title: How much does today's drop have to do with DownJones' downfall? Post by: vit05 on February 06, 2018, 04:30:22 AM 1000 points down.
All other markets have fallen sharply today. And some are opening up with difficulties. It seems that it will be a very difficult week and with possible new historical falls. Is this bad for Bitcoin? Would not it be possible to use Bitcoin to escape this bad mood in the fiat markets? https://www.cnbc.com/2018/02/04/us-stocks-interest-rates-futures.html Dow plunges 1,175 points in wild trading session, S&P 500 goes negative for 2018 This is a normal, bull market correction: Strategist U.S. stocks fell sharply Monday, extending a steep sell-off from the previous session, as investors rushed for the exits in the wake of rising interest rates. For the S&P 500, it was the worst day in six years. The Dow Jones industrial average shed 1,175.21 points to 24,345.75 and briefly declined more than 1,500 points. The 30-stock index also briefly traded flat earlier in the session, before the selling returned. Overall, the Dow traveled more than 5,100 points during the session. The Dow also broke below 25,000 and erased its 2018 gains. It also dipped into correction territory Title: Re: How much does today's drop have to do with DownJones' downfall? Post by: gentlemand on February 06, 2018, 04:34:37 AM Is this bad for Bitcoin? Would not it be possible to use Bitcoin to escape this bad mood in the fiat markets? I think it's bad. Bitcoin is an extreme bet and luxury investment and the first thing to go if times get hard. People love to imagine that it'll be the lifeboat that would save them in a global crash. In reality it would vapourise before most other things. It's too early to take on a goldesque role. |