It's interesting to me how indiscriminate selling has been on the NZX. For example banks sold down and we know that bank NIMs will improve as rates rise. That is panic but when that finishes I think there will need to be some rationalisation.
Printable View
It's interesting to me how indiscriminate selling has been on the NZX. For example banks sold down and we know that bank NIMs will improve as rates rise. That is panic but when that finishes I think there will need to be some rationalisation.
Apparently indiscriminate selling is an international phenomenon. Although crypto seems to be a leader in investments being shoved under the bus first.
Bitcoin drops below $17,800 as sell-off accelerates — here’s what happened
https://www.cnbc.com/2022/06/18/bitc...celerates.html
the further this falls the more likely someone big is going to blow up i reckon and lets not forget the selling needed in other assets to cover the losses
I know people have made great money from bitcoin but I still feel its no different to gambling. If I put a dollar on it I would know it had a chance of never coming back. Would I borrow to buy it? I know you would say I don't understand it blah blah blah but seriously, it's a concept and no more. If it stuffs the world markets then it shows how little we have evolved as a species. What a waste of resources.
Stories like MicroStrategy’s Saylor actually controls the keys and has disappeared to an island somewhere make it sound like a movie….so what’s left of remaining btc value?
Drama
leverage in crypto is used quite a lot , brokers allow retail people to buy crypto on margin with a small deposit , hedge funds do it on margin and the crypto lending market is then on lent to hedge funds as well. which at the end of the day means forced crypto selling means liquidations in other assets to pay the piper