Time To Get Greedy?
There's blood all over the streets.
S&P is down by 3.5% and Nasdaq is down by almost 5%. But a correction in crypto could be expected anyway.
HIVE has taken a massive dump and not even HBD is feeling very well.
Do you think this is the beginning of a longer and deeper correction? @maneco64 had a discussion with with Michael Oliver, the founder of MSA or Momentum Structural Analysis, about the future of the financial markets in the coming years.
The gist of what Michael Oliver had to say was that while central banks will not relent from flooding the market with QE money, investor preference as to where that money will go is likely to change. The commodity complex (commodities + mining company stocks etc.) are likely to do well after flatlining since 2015. In his opinion technology stocks and US stocks in general look too highly valued and in for a major correction. Michael Oliver showed some charts in which you could see this while he was talking.
He didn't mention it but I recently read that Berkshire & Hathaway has been unloading bank stocks and buying mining company stocks. Warren Buffet missed the tech stock train of the last decade or two but he's rarely completely wrong about the fundamentals.
The big question is what this would mean for crypto if correct. Will crypto go down with Nasdaq or will BTC be correlated with gold? What do you think?
By the way, what the hell is going on with TRON???
No idea what going to happen but I do know that I am not selling and will buy more if a correction happens. I don't want to see a major drop, more than the last few days, but a slow climb back up can be a great opportunity too buy in and hold tight.
I am buying more Hive thanks to this dip.
I would surmise, at some point here, Buffett will get very greedy.
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Last March there was a flight to cash from everything. But the question is now whether crypto will follow commodities or Nasdaq.
Yes very hard to know. It is something that we will see how it pans out. I would say it depends upon the fear level. In March, we saw mass panic. To me, that caused everyone to move to cash.
If we see panic set in, a repeat could be in order.
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TRX is a manipulated joke.
As or the markets could we be seeing a double top on the Dow? The real pain seems yet to come.
Chances are the stock market will correct now. But how will this affect crypto? I read somewhere cryptos went down a day before the stockmarket, which would indicate that the market considers them risk-on assets and not a safe haven like gold. What do you think?
I don't think anyone knows TBH. It is still defining what it is .
No Way TRUMP is letting this drop into the election....I bought $AAPL today
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