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RE: Stock market continues to crash..but NVIDIA goes up on reports of "frenzied demand for graphic chips"

in #bitcoin • 7 years ago

Thanks, interesting perspective.
Nice that crypto has ripple effects into other industries.
The volumes have been extremely low the past weeks. My hope is that some of the USD gathering in investors pockets after the selloffs on Wall Street will find it's way into cryptos.

7 years ago in #bitcoin by
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     7 years ago 

    Thanks for you comment! Remember this is natural, because so many investors have been shaken out. The number of people buying/selling cryptos are way smaller now than a month ago. So I'm not that concerned really. What's going to be interesting is what will happen to the volume once we see breakout moves up or down IMO.

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     7 years ago 

    Thanks!
    Hopefully more longterm investors start holding crypto in their portfolios. I think that your point about number of investors is key, the more people have crypto in their investment arsenal, the more even the liquidity will be.
    Even the crypto CFDs that are offered now are positive in the sense that they increase traders' interest.

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