Quote from: BellaBitBit on January 08, 2016, 04:16:50 AM

Quote from: cellard on January 08, 2016, 12:44:18 AM

Quote from: The Pharmacist on January 08, 2016, 12:36:44 AM

Goddamn it!!! Every time the markets crash I'm stuck without cash to buy any stocks with. I think I'm going to start putting some aside and stop buying bitcoin for a while, because I suspect the stock market is going to drop a lot more before we see the end of this. It was down again today, and if this keeps going we're going to have a bleak 2016--but stocks will be cheaper!

Don't know about bitcoin, though. Has anyone actually done any econometrics with it, e.g., figured out how it moves with relation to the stock market or bond market or any others? I'd be very curious.

Why would you buy stocks when they are crashing? Way to catch a falling knife to be honest. It's just best to stay all in on Bitcoin, what tells you that when you buy those stocks which looks like a good buy, they will not continue falling?

Now DOW futures are up triple digits and the Hang Seng is recovering. Impossible to predict this.

It is pretty damn near impossible, and that's why so many people lose money. Look at how many folks around this forum predict where bitcoin is going with absolute certainty. And that certainty is an illusion.

As far as the stock market goes, we had a little itty bitty correction. I think there will be more to come, but I can't say for sure. Wink