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Mike Niendorff

(3,631 posts)
Fri Oct 10, 2025, 05:11 PM Friday

Stock market bad? Look at crypto right now.

Stocks were down about 1.8%. Yeah, bad.

But crypto?

It's having a genuine mini-crash right now.

BTC -- down $5700 (4.7%)
ETH -- down $460 (10.5%)

Stock market is closed till Tuesday, but crypto markets never stop.

And over there, the downswing has kept going.


MDN

9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Stock market bad? Look at crypto right now. (Original Post) Mike Niendorff Friday OP
Dollars?................ Lovie777 Friday #1
Stock markets are OPEN Monday October 13, 2025. Bond markets are closed. ./nt bucolic_frolic Friday #2
Sorry, my bad. Thought it was both. Mike Niendorff Friday #4
A 1.8% drop doesn't even raise my heart rate Fiendish Thingy Friday #3
The S&P500 was off 2.7% Happy Hoosier Friday #5
NASDAQ down 876 today (-3.49%) The Madcap Friday #6
Crypto is always more volatile D_Master81 Friday #7
100%. I had some money to invest a few years ago. Started with DOGE (the coin, not Elon's shitty group) Grown2Hate Friday #9
Yep RandiFan1290 Friday #8

Mike Niendorff

(3,631 posts)
4. Sorry, my bad. Thought it was both.
Fri Oct 10, 2025, 05:29 PM
Friday

Obviously I'm not a trader.

But I have dabbled in crypto before, and what's going on there right now is substantial.


MDN

Fiendish Thingy

(20,967 posts)
3. A 1.8% drop doesn't even raise my heart rate
Fri Oct 10, 2025, 05:27 PM
Friday

How soon we forget the dive of last spring, which has since recovered and went to gain more.

I think I’m still up around 13-15% for the YTD

Market volatility is a fact of life during the Trump era.

The Madcap

(1,515 posts)
6. NASDAQ down 876 today (-3.49%)
Fri Oct 10, 2025, 05:43 PM
Friday

Likely due to Orange Maniac's 100% ADDITIONAL TARIFF on China announced today.

Well, that's going to raise prices on most things Americans buy...bigly.

I hope the market reacts to a buying opportunity on Monday.

D_Master81

(2,235 posts)
7. Crypto is always more volatile
Fri Oct 10, 2025, 05:43 PM
Friday

As someone who has money in crypto people here always post when it drops big but never mention that it will probably recover in a week. A lot of leveraged trading happens there so when drops happen you get people getting liquidated. People who just ride it out like me are up big over the long term

Grown2Hate

(2,193 posts)
9. 100%. I had some money to invest a few years ago. Started with DOGE (the coin, not Elon's shitty group)
Fri Oct 10, 2025, 05:59 PM
Friday

because it seemed fun (back when it was like $.04 per coin) and then purchased some Bitcoin and mined some ETH. I don't blink at these falls anymore because I've just held long term and overall I'm up 325%. Hard to beat that. It's HARD ups and HARD downs, but the overall trend is WAY up. And if it all disappears tomorrow? It was money I could afford to lose. I'll enjoy it while it's here and probably cash out when I go to retire if it's still there.

Side note (anecdote): I was talking to the CFO of our company about how I was mining some crypto (years ago) and she said her son does the same. She added, "It's a fun hobby, but that crypto stuff is going to crash HARD". She was right in the short term; I saw it go from about $45000 per coin all the way down to $17000 a coin at that time. Today it's $115000 a coin and that's after a SHARP drop from the all-time high of $125000 per coin just this week!

So, yes, VOLATILE is certainly the right word, but a fun ride if you have a few bucks in it. Just my opinion.

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