So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least. To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).
Does anyone here have any money in the market? Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?
Well certainly the futures market is now effecting movement, nothing like being able to short something without buying it to drive it's price down, fucking bankers.
I'd love to see the "conventional" market explode as I think a lot of capitol will run to CC.
Hey I'm going to predict the bottom. I bet Monero will meet a lot of resistance at 0.02 and Bitcoin will meet a lot of resistance at 6000. So 0.02*6000=120. Let's see how close I get. Someone quote this post someday if I get it right.
done.
Shit forgot to warn you guys, I put a long in @ .0244 that should mean no reversal in sight for at least the weekend!

Are we getting to that point?
Never did end up margin trading
I believe
The price on polo is usually cheaper than binance so i'm buying my little bits a week on there now and since they have the margin I just can't help myself.

As long as I can withdraw in CC without doing the KYC I can live with polo, I forgot what the deadline is though.
I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.
I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly crypto will look to part of political spectre and part of population best option to continue long term.
This is how I see it. And till a year ago I thought we will need 2 financial crisis to reach this point. Now I am pretty sure it will happen in the upcoming financial crisis.
And Monero will step out at that time as one of shiniest coins.
This is what I assumed as well.