Quote (thesnipa @ Mar 11 2020 04:28pm)

that was my impression as well. BUT, you'd think if say a massive algo driven trader was hitting stop losses on the way down from the stock market, and is then flushed with cash, a high percent would go to bonds, and they'd pump a low percent into cryptos. especially when BTC was on a pretty impressive rebound for the last month and hit 10k on daily highs for a good week there. instead it fell from 10k straight down to 7.5k in a few days.

it almost reads to me like a large number of people holding at the 10k peak saw a stock market selloff, and got antsy since that was a 3 month peak. then sold off a bunch on the back of oil crashing, and the algos did the rest pushing it to rock bottom. which should suggest that it rebounds faster than the DJJ as it doesnt have to demonstrate earnings or value it can spike or plummet seemingly randomly. honestly i could see BTC hit 10k in 2 weeks or 3 months. who knows.

Quote (balrog66 @ 11 Mar 2020 11:47)

Bots trying to arbitrage USD with crypto could be influential too. Esp with that shitty Tether coin.

Quote (thesnipa @ 11 Mar 2020 11:18)

man cryptos are following conventional markets so closely its a bit crazy to me. like, why? the volume is way different, and cryptos are supposed to be a smalltime value shelter for stock selloffs as a higher fluctuation alternative to bond markets.

its just a bit odd to see nearly identical daily graphs.

Quote (excellence @ Mar 11 2020 05:04pm)

hey now i got a lot of extra “free” crypto in 2017-2018 by utilizing tether


there’s no shelter right now because coronavirus market impact is a unique event, not usual market trends with trading patterns that we are all familiar with

Quote (balrog66 @ 11 Mar 2020 12:06)

Can't eat a Bitcoin. At least you can wipe your ass with a Benjamin.

Quote (excellence @ Mar 11 2020 11:04am)

hey now i got a lot of extra “free” crypto in 2017-2018 by utilizing tether


there’s no shelter right now because coronavirus market impact is a unique event, not usual market trends with trading patterns that we are all familiar with

Quote (RedFromWinter @ 11 Mar 2020 13:50)

What do you think the impact will be on the US housing market? I was anticipating a slowish correction in 2020, but covid-19 is making me think it will be a faster more drastic correction. Thinking of more inventory on the market due to elderly death or displacement from covid-19, but on the flip prospective buyers are gonna drool over the low rates so possibly some increase in demand??. I'm assuming creditors will be more picky with borrowers though as parts of the work-force will be impacted due to closures or dips in demand.

Quote (excellence @ Mar 11 2020 01:46pm)

everyone and their mother is refinancing right now or will do so after another fed cut

15 year you can get 2.7%
30 year 2.9% or 3% lmao

Quote (Djunior @ 11 Mar 2020 21:52)

Time to buy boeing stock yet?