Re:Robinhood Crypto – Invest in Bitcoin and other cryptocurr...
by skellera on Thursday January 25, 2018 @05:43PM
(#16235426)
We’re going to see a massive loss in money in the next crash. With low interest rates, everyone is in the market in some way. Mostly in index funds, bot traders, or things like RH. The next crash is going to destroy those funds as they try to sell off their massively overvalued stocks.
We’re setting up for a rough time. The baby boomer’s retirements and the millenial’s savings(in the market, not savings accounts) are going to get hit really hard.
On the other hand, it could have got ugly. Hindsight is often 20/20 and young people can get competitive, over-aggressive, and dumb.
It took me until far more recently to even start to pay any attention to things like financial markets and trading.