On: Crypto crash deepens, stocks slip

[loeg]

Totally agree. The S&P500 is at the lowest it's been ... since one week ago (quite literally: May 12). And before that, April. A 1.5% decline isn't a crash.

[paulpauper → loeg]

yup. why do so many people in personal finance recommend index funds? because being down 1.5% in a week sure beats being down 30% in a day

[onemoresoop → paulpauper]

But when other vehicles give you 2x in a week while the index a mere .5% the angle changes. It really depends on what the appetite for risk really is.

[paulpauper → onemoresoop]

bitcoin never went up 2x in a week except before 2013 . bitcoin hardly done much since jan 2018.

[onemoresoop → paulpauper]

BTC was was 10k last fall. It grew 6x till a month ago. That is 6x. Now after the drop it's still 4x from that 10k figure. I didn't claim it doubled in a week, other coins with a smaller cap did and not one or two, a whole lot of them. Lots of people made fortunes of this hype. Sure, a lot of people also lost a lot and that makes volatile markets very dangerous if you don't know what you're doing.