This is not ICOs, this is NASDAQ % drop from ATHs. Scam? π π GOPRO -95% FIT -92% LC -91% SNAP -83% P -80% ZNGA -77% HIVE -73% TRUE -66% TWTR -63% SONO -60% NVDA -60% DBX -57% Z -57% PS -50% FTCH -49% PSTG -48% SPOT -48% NFLX -46% BOX -46% DOCU -45% SVMK -45% FB -42% AAPL -38% AMZN -35%
Why did these crash? Though they produced spectacular yoy growth in their nascent stages, there was no tangible outcome in making profits. Once you IPO, to survive you need profits (no more private monies). Wait for 2021 & add Uber to this list
It started out as just locking in profits but essentially thereβs a mass exodus out of risky crowded assets (like tech stocks) and into safe asset classes (us treasuries) as a result of economic cycles and central bank practices. Too much to get into here but you can search I have posted extensively about it in here since the end of September.
Yes. Why treasury? Because Fed is increasing rates. Question for ya - If Fed stops, can we expect an equillibrium??
Nvda - 60%
Tnx added. ππ»ππ»
Is aapl 280 any time?
Fixed
OP - explain how AMZN is down 40%?
Sorry updated to -35% on my phone here w family πππ apologies if any of these are off by a few points. Hard to see ath on my phone during all the Christmas festivities
You need to get a life buddy.
Still fairly expensive. Anticipating more downs
Oh I am as well. Massive asset bubble collapse.
Kind of agree but not a fair comparison. Most alt coins dropped over 95%. Some went busted (delisted). Companies list here at least have some profits and revenues. Crypto relies on pyramid scheme and no real business models.
100% they are not at all equivalent. Just pointing out how ludicrous this asset bubble is and how painful this bubble pop is going to continue to be.
Seen that back in 01 and 08. 90% cash on hand waiting since September.
Finally a meaningful thread backed by legit data. I wonder how much more GOOG + MS can drop. If they drop into the 30% category, this depression is more than just correction for overvalued assets.
Please post PEs (assuming they are cash flow positive) next to these figures and youβll see how overpriced these companies continue to be. Way more downside.
100% agree. Greatest asset bubble in the history of humanity popping before our very eyes... it is really something to behold.
Yep. Tech is also going to create incredible buying opportunities in other sectors once index investors start panic selling.