Strategic Futurists; Value Systems Specialists

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


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