3 ms·
And now its up around $2,150. Why even write these articles.
by oldstrangers 9y ago
And now its up around $2,150. Why even write these articles.
- deleted 9y ago[deleted]
- ajross 9y agoYou're complaining about the headline, not the article. A commodity that is trading 30% below a peak it set just one month ago is absolutely newsworthy, are you serious? If the SP500 did this we'd be posting in a 5000-comment thread and asking how long the recession would last.
- colecut 9y agoThat's because the SP500 doesn't regularly swing violently like the crypto market
- oldstrangers 9y agoExactly, this is an everyday thing. Sometimes its hourly.
- ajross 9y agoThe crypto market is more volatile for sure, but this is still the second biggest one-month hit it's taken and the worst decline in three years. Again, if the SP500 did that it would be news, not finger-in-ear complaints about coverage.
- deleted 9y ago[deleted]
- r00fus 9y agoYou're discounting the volatility of said commodity. Prices (approx) for the last 30/60/90 days are: 2500, 1700, 1200.
- ariwilson 9y agoThe S&P 500 market cap is also 600 times bigger than Bitcoin. Your complaint is equivalent to complaining that Apple ($786B market cap) gets more press for blowing earnings than First Merchants Corporation ($1.64B market cap).
- orclev 9y agoClickbait? Someone wanted to speculate more and the market was starting to settle down a bit so they decided to stir the pot a bit? Every time you see a "major" news outlet put one of these pieces out, either talking about how ridiculously overvalued bitcoin is, or else how the bottom is dropping out of the bitcoin market and it's a blood bath, it always results in the price swinging wildly up and down for a little while.
- LoSboccacc 9y agobloomberg is a broken record repeating "x end is near" until the conditions are right and can come out telling "told you so" it has been foretelling the doom of the chinese market for a decade and an half now, of course it will happen at some point but that won't make it useful, like all other predictions without a date they do.
- paulgb 9y agoA signal that something is overvalued is still a useful signal, even if it's impossible to forecast how long a market will remain irrational.