2018-02-02 at 6:11 PM UTC
now i definitely have to stay ...
2018-02-02 at 6:25 PM UTC
If a company does poorly, stock does poorly. If it goes out of business, everybody loses their stock. Now you're entitled to part of the liquidated assets, but in 1929 that was not the case.
If a crypto does poorly, it does poorly. It is based purely on interest and purchasing power, which will not ever crash now that crypto has hit the mainstream and shown how useful it is. Every dip/rise is created by large orders being put through, and we KNOW this because we can check the ledgers and see it for ourselves. Crypto is down because people with lots of money want it to be down.
You will never have a situation with crypto where it is selling for more than it's worth like you did in the 20's. People manipulated the stock market then like they do with the crypto market now, but since crypto can't be 'artificially high' (though you could argue any worth is artificially high with crypto) it can't fall through the floor by being worth too much. In the late 20's this led to companies overproducing in a time when unemployment was already high. They were promising more than they could handle through utility companies, which is why so many businesses failed when the stock prices dropped. They were now operating at a level that they could only continue operating at if sales stayed high. The crashing of businesses only made prices drop further and further.
None of that mess can happen with crypto. There is nothing for crypto to crash through because it isn't standing on anything. If crypto price crashes, it isn't because something else crashed. It is purely and only the price which has crashed.
The only way you could have not understood me from the beginning is if you didn't know why or how the stock market crashed or how stock worth is determined differently than crypto worth. And if that's the case, you don't belong in this thread.
2018-02-02 at 6:44 PM UTC
I think the bigwigs are going to stop it from going to pre-november prices. There will be panic noob sells if that happens. It hurts to watch my money skim under the water (I bought a bunch of trx too late, fucked me over)
As long as China doesn't get some next-day manipulation preventative regulation going on (which they might do, who knows) I think we'll be set for a rise in the next few months.
