Re:Crypto crash deepens, stocks slip
by serial_dev on Wednesday May 19, 2021 @10:49AM
(#27209421)
> If $SPY dropped 40% we'd all call it a crash. This isn't that different.
Hmm, yes it is different. Cryptocurrencies are very-very volatile. In the last weeks, it wasn't uncommon to have 25% change in either direction within 24 hours for most top currencies. Stocks are less volatile.
With that said, the current nose-dive isn't over yet, so I'm not saying there won't be a crash, I'm just saying that comparing stocks and cryptos sounds to me like comparing apples to oranges.
Hmm, yes it is different. Cryptocurrencies are very-very volatile. In the last weeks, it wasn't uncommon to have 25% change in either direction within 24 hours for most top currencies. Stocks are less volatile.
With that said, the current nose-dive isn't over yet, so I'm not saying there won't be a crash, I'm just saying that comparing stocks and cryptos sounds to me like comparing apples to oranges.