Events
The 2nd Order Effect of a CryptoCurrency Collapse
Monday 5 February 2018
Recently there was a purging, a market correction, a balancing of portfolios, call it what you like, but #Cryptocurrency like #Bitcoin & Ethereum got smashed, losing huge % of perceived value in a little more than a day. And now, two weeks or so later, the mainstream stock market is following suit. The 'Why' is to me, pretty obvious -
The why is due to plenty of people, including clients of many stock broking firms, having borrowed against their physical stock holdings, to invest in #CryptoCurrency. When #Bitcoin got sold off about two weeks ago, it dragged a whole heap of other CryptoCurrency down with it. And now there's many people who borrowed real money against real stocks facing huge #MarginCalls because their #Cryptocurrency hasn't bounced back far enough to put them in the black.
And Banks are asking for their money back. The end result is that those stock market gamblers (#HazelHenderson refers to the #StockMarket as a Giant Gambling Casino) now have empty pockets. The only choice they have is to sell off their holdings in real companies to repay loans.
And because all of those margin calls have come in to everyone at the exact same time, BUBBLE BURST is the result.
It's not rocket science. It is human avarice
Keep informed - Sign up
Events
Saturday 12 March 2022
Sometimes the words come to you readily and this small piece has me thinking about what I'd like to say at a time when maybe I've lost the cognitive ability to do so
Read more...
Wednesday 2 February 2022
Like lab grown meats, Vertical Farming is going to be part of the future of food. For now it might be best to compare them to small scale battery storage on the electrical grid that can help balance out spikes of demand in the system and provide an output directly where needed.
Read more...
Saturday 15 January 2022
Five days ago I tested positive for Covid. Here's a bit of what the story has been like so far
Read more...
