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Nope the Dow didn't crash. Went down a few percentage points is all. Crypto is already recovering. Once again not the end of the world.

submitted by Crackinjokes to FinancialNews 8 monthsAug 5, 2024 12:28:26 ago (+11/-0)     (FinancialNews)

Quite frankly I think the only reason crypto went down so much over the weekend was that it's accessible to trade over the weekend and the New York stock exchange is not. So when the Japanese market crashed everybody got scared and thought the US market was going to crash so people sold their crypto so they would have cash in hand when their other assets went down or possibly buy some stock when it went down. But then Monday morning guess what no New York stock exchange crash. So now Bitcoin is recovering because it is now the best asset to buy for maximum short-term gain because it didn't want it or two day drop of about 15% and usually when that happens within a week it's back up to where it was. By the way crypto is still up over 50% from what it was at the beginning of the year and that makes it the best investment of all investments this year.

Nvidia is down because guess what they don't make their own chips somebody else make some and they can't sell chips they don't have and the company that makes the chips is saying there's going to be delay in the delivery which is always been a weakness of nvidia. They simply designed the chips send them to another company that makes the chips so in videos always had this vulnerability of that.

Your thoughts welcome.


9 comments block

Dammit.