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Is the CRYPTO crash bearish for the S&P?

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#1 dTraderB



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Posted 04 February 2018 - 12:46 PM

Only about 100 billion knocked off the Cryptocurrencies market cap, miniscule compared to the trillion lost on Friday in the stock market, but is the crypto crash bearish for stocks? 


Looking for an S&P bounce on Sunday evening but may not last until NYSE opening on Monday. 

February 8 looms:  another Government shutdown? The markets are too fragile to bear that burden so expect swift & deep decline if there is no progress, and there is a high probability there will be none.  



#2 NAV



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Posted 05 February 2018 - 12:04 AM

I am interested in knowing as to how much of this crypto mania has been funded by credit card debt. I am assuming it's huge.

"It's not the knowing that is difficult, but the doing"


"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)



#3 Chilidawgz


    A fool and his money... (the second mousie gets the cheese)

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Posted 05 February 2018 - 09:00 AM

I went through the dot.com boom and crash. It was a mania and illusion. I wonder if the crypto mania is paired to the long bull run and high valuations of the stock market. Are they signaling a top? What's that saying? Markets do not repeat but they often rhyme.

Anything can happen...what's happening now?
No one can forecast the future. No one.

"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny smile.png
That comment made me smile and spit out my coffee)
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).

#4 dTraderB



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Posted 05 February 2018 - 09:11 AM

Many used their credit cards to trade Bitcoin and were hammered. Banks are now banning use of credit card to trade cryptos. 

Also, many brokerages that traded cryptos (including my forex broker) have raised margins. 

Newbie crypto trading and the TETHER scam have burst the crypto bubble. I will buy bitcoin when it goes below $10.

Two bubbles bursting at the same time - cryptos and equities, make for interesting times in the markets.