Digital currency Bitcoin hits new high before losing S$200 in value in one day

[BlueKelah]

If the stock market will crash then there is no need for the crypto asset game. Everyone say stock market will crash soon then who is throwing money in to create the bubble?

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Well at the moment I think almost everyone is saying the stock market will boom. It's mostly positive sentiment all round the world with stock market hitting highs.

My take is that the first boom in the crypto bubble was when it was catering a lot for the need of money laundering. 

Now it is probably getting all the excess liquidity coming off the QE done by PBOoC/ECB and BoJ as the bubble builds. Actually it is a little reminiscent of the days of the Nasdaq tech crash almost 2 decades ago. back then it was tech stock like Yahoo crashed from like $800+ to <$20.  And $1.7 trillion+ was wiped off tech stocks.

That's why i think it will take crypto market cap to reach over a trillion before there is danger of a big crash from it spilling over to other financial markets. I believe with futures trading that might eventuate. Ability to trade derivatives will likely cause even larger price swings in either direction.

Anyways just watch and see, I've seen enough bubbles in my time, one more is not going to make any difference. Just becareful when the kopitiam auntie and the taxi driver start talking about how much money they make trading bitcoin.

== bitcoin no enough!! == ;P