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Author Topic: Losses in 24H Dow $300 billion Google $40 billion 500 richest people $114 billio  (Read 25 times)
LeGaulois
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February 06, 2018, 05:52:37 PM
 #1

Nobody from the haters posted something about the stock market? Still, Bitcoin is worth more than some months ago. About $3,000-$4,000 more than 2 or 3 months ago. Now go to ask the shareholders losing their money right now like the water in Niagara is falls. I will be part of the Elite in 3-4 years from now. I #HODL





The Dow Just Lost Even More Than Bitcoin. But Don't Call it a Stock Market Crash

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The Dow Jones Industrial Average dropped more than 1,000 points for the first time ever Monday. There were only two stocks in the S&P 500 that were up for the day, while all of the Dow’s 30 members fell. Both indexes are now down for 2018, having erased all of their gains for the year.

While Bitcoin, which fell as much as 23% on Monday, shed nearly $18 billion in market value during the day, the stock market fared even worse: The Dow stocks alone lost more than $300 billion.

In one particularly gory example, Google parent company Alphabet (GOOGL, -0.55%) (which is not in the Dow), lost $40 billion of its market cap for the second trading day in a row—meaning Alphabet stock investors have lost more than $80 billion since Friday.
http://fortune.com/2018/02/05/stock-dow-bitcoin-market-crash/

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February 06, 2018, 06:57:41 PM
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Nobody from the haters posted something about the stock market? Still, Bitcoin is worth more than some months ago. About $3,000-$4,000 more than 2 or 3 months ago. Now go to ask the shareholders losing their money right now like the water in Niagara is falls. I will be part of the Elite in 3-4 years from now. I #HODL





The Dow Just Lost Even More Than Bitcoin. But Don't Call it a Stock Market Crash

Quote
The Dow Jones Industrial Average dropped more than 1,000 points for the first time ever Monday. There were only two stocks in the S&P 500 that were up for the day, while all of the Dow’s 30 members fell. Both indexes are now down for 2018, having erased all of their gains for the year.

While Bitcoin, which fell as much as 23% on Monday, shed nearly $18 billion in market value during the day, the stock market fared even worse: The Dow stocks alone lost more than $300 billion.

In one particularly gory example, Google parent company Alphabet (GOOGL, -0.55%) (which is not in the Dow), lost $40 billion of its market cap for the second trading day in a row—meaning Alphabet stock investors have lost more than $80 billion since Friday.
http://fortune.com/2018/02/05/stock-dow-bitcoin-market-crash/

People often misunderstand the definitions of relative and absolute in terms of gains and losses, but in any case, that $300 billion "dip" shows the insane amount of dollars out there. A small amount of that capital going into Bitcoin would launch it to 6 figures a coin, but people can only look at the short term and don't look at the big picture.

Bitcoin is still TINY, tiny at $20k, tiny at current prices, when these losers see a crash, I see an opportunity to accumulate. Come 2020 and all of these doubters will be hating themselves at not buying, and by then they will may understand absolutes and relatives.

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February 06, 2018, 07:57:30 PM
 #3

In absolute terms the losses are greater and even amass to almost the size of the whole crypto market right now but in percentage terms it's not even close to being comparable. The same way if you lose $1000 it might not hurt you but to someone else that might be everything they have.

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