Hey guys,
Stock Market is very vulnerable to anything right now, mostly because nothing reflected there is the reality of what it is really going on. What do I mean by that?
Well, it's easy. Private Banks along with Federal Reserve have been pumping into the economy "fake money" (printed or digital money) and it has been getting out of control. They're buying stocks to make everything look "GOOD"and give confidence to investors so they invest more in it.
At the end, whoever is investing right now in the long run will lose it all because there is going to be a market correction like we have never ever seen before. I predict a 50% correction in a year or less.
What does it mean for Steemit?
Well, the market will look for ways to go. From my opinion:" Investors will pull out and will go to other areas due to stocks are not going to be the case soon. People lose their jobs and do anything yo get money. Steemit for developing countries will be great because steem dollar will be worth a lot for their currency.
Steem coin will go up even more because it'll go up even before any crash.
Hope you share and upvote this content.
Thanks guys
Sources:
http://www.zerohedge.com/news/2017-04-12/federal-reserve’s-stock-market-supernova
http://www.zerohedge.com/news/2017-10-23/why-next-stock-market-crash-will-be-faster-and-bigger-ever