The next big market crash is not too far away

[Nom De Plume]

Crypto will replace fiat....
Fiat currency is finished...
Its only a matter of time...

I disagree. Crypto's are too highly leveraged. Fiat was used to purchase crypto.
Crypto is already down from its dizzy heights, which speaks to the volatile nature of same.
I think that Teslar announced that crypto can no longer be used as a currency of purchase.
Not sure if Elon is making this a general rule or not... need to follow up on that

[billy the kid]

Crypto will replace fiat....
Fiat currency is finished...
Its only a matter of time...

I disagree. Crypto's are too highly leveraged. Fiat was used to purchase crypto.
Crypto is already down from its dizzy heights, which speaks to the volatile nature of same.
I think that Teslar announced that crypto can no longer be used as a currency of purchase.
Not sure if Elon is making this a general rule or not... need to follow up on that

I guess we will have to agree to disagree...
We all have different belief systems..

[Nom De Plume]

Declines for crypto come as the Dow Jones Industrial Average DJIA, +0.20%, the S&P 500 SPX, +0.51% and the Nasdaq Composite COMP, +0.79% indexes were trying to recover from a withering selloff last week. Some strategists have speculated that the drop in digital assets also is being fueled by a rotation out of crypto and into traditional equities.

https://www.marketwatch.com/story/as-cr ... 1624378803

[billy the kid]

https://www.fxstreet.com/cryptocurrenci ... 2004161242

[Nom De Plume]

https://www.fxstreet.com/cryptocurrenci ... 2004161242

About the author...

Dmytro is a tech, blockchain and crypto writer based in London. Founder and CEO at Solvid. Founder of Pridicto, an AI-powered web analytics SaaS. With over 5 years of experience writing about crypto, his work has been featured in TechRadar, HuffPost, Entrepreneur, Bitcoin.com, VentureBeat, TNW, Investing.com, CryptoSlate and CoinCodex.

Billionaire investor Mark Cuban has said it was "my mistake" for not doing his homework on the Titan cryptocurrency which dropped from $60 to $0 in a day.

The owner of the Dallas Mavericks basketball team and Shark Tank host said on Twitter that he took a "hit" on Titan and says he took full responsibility for the loss


Billionaire investor Mark Cuban has said it was "my mistake" for not doing his homework on the Titan cryptocurrency which dropped from $60 to $0 in a day.

The owner of the Dallas Mavericks basketball team and Shark Tank host said on Twitter that he took a "hit" on Titan and says he took full responsibility for the loss.


The cryptocurrency token lost nearly all of its value last Wednesday.

Cuban has not disclosed the amount he lost in the crash but told Bloomberg that his investment "wasn't so big that I felt the need to have to dot every I and cross every T."

He has called for more regulation to "define what a stable coin is".

https://www.newstalkzb.co.nz/news/busin ... ter-crash/

What is a stable crypto?

[Nom De Plume]

KEY TAKEAWAYS
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference.
Stablecoins may be pegged to a currency like the U.S. dollar or to a commodity's price such as gold.
Stablecoins achieve their price stability via collateralization (backing) or through algorithmic mechanisms of buying and selling the reference asset or its derivatives.

https://www.investopedia.com/terms/s/stablecoin.asp

So a stable crypto is pegged to fiat or gold/ silver.

Umm, yeah... I hold physical gold as protection against inflation...
Old fashioned, yes, but it works.

[sprintcyclist]

I prefer real companies that make real products , sell them to people and make real profits.

[billy the kid]

I think that anyone buying/trading leveraged crypto
would be very unwise....
Unleveraged crypto...up to the individual...
Leveraged crypto.....um...no....

[Nom De Plume]

I think that anyone buying/trading leveraged crypto
would be very unwise....
Unleveraged crypto...up to the individual...
Leveraged crypto.....um...no....

Yet that is what peeps are doing because debt is so cheep right now.
The savvy are leveraging the crypto, holding it until the crypto long enough to turn a profit, then selling it back to the market.

Sprint prefers real companies that make real products...
Yet with so many zombie companies in the market... how can you know what is sound or not?

For example... Boeing. They make aircraft. Because debt is so cheap, they opted to borrow in order to buy back shares.
The pandemic came along and suddenly, no one wants to invest in planes. In fact a lot of airlines are trying to sell theirs in order to service the debts.
Meanwhile, Boeing must still service the interest on the buy back of the shares, which made nice bonus's for the company managers. Boeing is currently a zombie company.

This is not an isolated case.
So how can you know what is a zombie or not?