I work in underwriting and i can tell you that a lot of consumer facing companies have see pretty significant deterioration. It's not really that easy to see just by looking around as you go out to eat or whatever, but within financials it's happening.

This post was edited by ofthevoid on Aug 5 2024 08:45am

This is the narrative for this panic selling yup

As always the market over reacts

At the same time its seasonality too… Aug-oct are usually bearish months during election year

Loaded all crypto majors and good memes

log in to vanguard to buy up some cheap deals
can't log in
/facepalm

The vix was very impressive today lol

It's just money...

Criminal tbh

Crash of 8/4/2024 - 8/5/2024?

It's crashing right now

those are practices that been happening in the cryptospace for years, when a crash happen, customers not able to log in, only allowing the ones running the exchanges to actually buy the dips and everyday regular people can't play the game, only the ones actually controlling the game can
interestingly enough, for couple weeks now, the dump was expected on that date for the cryptospace but it did as well for the stock market
at this time can only speculate but since bitcoin is now fully tied to the $ (through tether and whatnot) while it was meant to compete/replace the $/fiat system, idk, maybe there's some more ties to it that meets the eye