Post
Topic
Board Economics
Re: What happens to Crypto when normal stockmarket collapses??
by
aso118
on 24/08/2018, 20:18:54 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?

All these burnt investors will turn to T bills or gold. When the stock market collapses, risk aversion takes hold. People tend to sell risky assets and cryptocurrencies are definitely considered risky assets. So don’t be surprised if an equity crash is followed by a crypto crash.