4 ms·

Occam's Razor - could just be a symptom of the current stock market crash.

Scoundreller 8y ago
What stock market crash? Vanguard’s Total Market Index (VTI) is up 2% for the year, and only down 10% from its All Time High (excluding dividends): https://finance.yahoo.com/quote/vti https://finance.yahoo.com/quote/vti Tech stocks aren’t the whole market.
- wyldfire 8y ago
  True but a lot of Bitcoins investors probably get disproportionate amounts of equity compensation in that part of the market.
- kart23 8y ago
  Even index stocks are in free fall right now. Check again. VOO has dropped 1.5% today, which is pretty bad for an index stock.
  - ceejayoz 8y ago
    > VOO has dropped 1.5% today, which is pretty bad for an index stock. Uh, what? An index stock mirrors, as closely as possible, the market it's indexing. If the market goes down 1.5% - which is extremely common - so will VOO.
    - sneak 8y ago
      I think GP meant it is pretty bad in the market if the composite index average (and thus index ETF) is down 1.5% in a single day.
      - ceejayoz 8y ago
        Which is a silly claim. The markets being down (or up) 1.5% is an unremarkable trading day. https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fmikepatton%2Ffiles%2F2016%2F01%2FDJIA-Daily-Percent-Chg-from-10-1-1928-to-1-28-2016-1200x499.jpg https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs... Per this chart, almost 20% of Dow trading days fall in the 1-2% change range.
- kart23 8y ago
  Aaaaand vti is down for the year. Imo stock market has just crashed.
  - almost_usual 8y ago
    >Imo stock market has just crashed. Were you alive in 2008?
ceejayoz 8y ago
Barring time travel, I'm not sure how a stock market correction starting in September 2018 can cause a Bitcoin crash starting in December 2017.
- icedchai 8y ago
  He's probably talking about the most recent drop. BTW, what bitcoin crash? I'm still up over 2000% ... /s
  - ceejayoz 8y ago
    > BTW, what bitcoin crash? I'm still up over 2000% ... An individual's stocks being up during a recession doesn't mean there's no recession, does it?
    - icedchai 8y ago
      Sorry, I know that sarcasm can be difficult to detect in writing.
  - Brockenstein 8y ago
    Obviously he's referring to the current value compared to the high last year. You know where the current price of bitcoin is over 75% less than it was last year... Any time something loses 75% of it's value (and still dropping) and you say, "what crash?", you're not fooling anyone but yourself. Even if you got into bitcoin on day one.
    - icedchai 8y ago
      I was being sarcastic.
lowercased 8y ago
was thinking the same thing. and... it's not (yet?) a 'crash' but we're definitely seeing a downturn in various sectors - apple/fb have been down at lot in the past few weeks. Assuming some correlation between "tech" in a broad sense and "crypto" doesn't seem too far-fetched. Loss of some confidence in one area might be bleeding over in to another?

What stock market crash? Vanguard’s Total Market Index (VTI) is up 2% for the year, and only down 10% from its All Time High (excluding dividends): https://finance.yahoo.com/quote/vti https://finance.yahoo.com/quote/vti Tech stocks aren’t the whole market.

wyldfire 8y ago
True but a lot of Bitcoins investors probably get disproportionate amounts of equity compensation in that part of the market.
kart23 8y ago
Even index stocks are in free fall right now. Check again. VOO has dropped 1.5% today, which is pretty bad for an index stock.
- ceejayoz 8y ago
  > VOO has dropped 1.5% today, which is pretty bad for an index stock. Uh, what? An index stock mirrors, as closely as possible, the market it's indexing. If the market goes down 1.5% - which is extremely common - so will VOO.
  - sneak 8y ago
    I think GP meant it is pretty bad in the market if the composite index average (and thus index ETF) is down 1.5% in a single day.
    - ceejayoz 8y ago
      Which is a silly claim. The markets being down (or up) 1.5% is an unremarkable trading day. https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs-images.forbes.com%2Fmikepatton%2Ffiles%2F2016%2F01%2FDJIA-Daily-Percent-Chg-from-10-1-1928-to-1-28-2016-1200x499.jpg https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fblogs... Per this chart, almost 20% of Dow trading days fall in the 1-2% change range.
kart23 8y ago
Aaaaand vti is down for the year. Imo stock market has just crashed.
- almost_usual 8y ago
  >Imo stock market has just crashed. Were you alive in 2008?

ceejayoz 8y ago

Barring time travel, I'm not sure how a stock market correction starting in September 2018 can cause a Bitcoin crash starting in December 2017.

icedchai 8y ago
He's probably talking about the most recent drop. BTW, what bitcoin crash? I'm still up over 2000% ... /s
- ceejayoz 8y ago
  > BTW, what bitcoin crash? I'm still up over 2000% ... An individual's stocks being up during a recession doesn't mean there's no recession, does it?
  - icedchai 8y ago
    Sorry, I know that sarcasm can be difficult to detect in writing.
- Brockenstein 8y ago
  Obviously he's referring to the current value compared to the high last year. You know where the current price of bitcoin is over 75% less than it was last year... Any time something loses 75% of it's value (and still dropping) and you say, "what crash?", you're not fooling anyone but yourself. Even if you got into bitcoin on day one.
  - icedchai 8y ago
    I was being sarcastic.

lowercased 8y ago

was thinking the same thing. and... it's not (yet?) a 'crash' but we're definitely seeing a downturn in various sectors - apple/fb have been down at lot in the past few weeks. Assuming some correlation between "tech" in a broad sense and "crypto" doesn't seem too far-fetched. Loss of some confidence in one area might be bleeding over in to another?