Post
Topic
Board Economics
Re: What happens to Crypto when normal stockmarket collapses??
by
jekjekman
on 28/10/2017, 02:25:53 UTC
HSBC sent an alert that there may be an imminent crash of stockmarket similar to 1987 Black Monday

https://www.rt.com/business/362618-stock-market-severe-fall/

If this happens again, what's everyones opinion on the effects on crypto? Would a bunch of burnt investors jump on board?

If a crash on stock market happens today while bitcoin is still on this phase then the price of the coin will be affected. We should remember that the coin don't have it's own value yet and it is just depending on the real money's value. Imagine if a number of people who owns a coin is affected by the crash and needs to sell their coin just to recover their loss. It will cause an increase of supply on the market and definitely reduce the number of demand which will cause to a deep on prices.