Why is crypto, gold , silver all going down ?
- Thread starter awesomewebsites
- Start date
- Feb 3, 2024
- 96
- 35
You may should be a bit less emotional. Charts need to time to tell you things. As you can see now, only BTC is going down, all the rest still now green. Speculation is very present on commodities, gold and especially silver are totaly crazy lately without, it seems, any good reason.
- Jan 21, 2022
- 163
- 29
In financial technical analysis, there's something called the center of gravity. The price will try to balance the market after a certain period of time. Although, you must be cautious and follow every price move carefully before investing.
olekountry
Registered Member
- Apr 12, 2021
- 71
- 13
From what I understand, risk aversion stemming from Middle Eastern tensions is driving safe haven flows into the US dollar and US government bonds, leading to sell offs in gold, silver and cryptocurrencies as people seek to hold cash. Additionally, high oil prices are raising concerns about inflation, forcing central banks to maintain high interest rates, directly putting downward pressure on these assets
- Nov 16, 2011
- 19,799
- 11,280
This situation was not present at the time when the thread was created. However, it has worsened the situation for sure.
xReminisce
Elite Member
- Dec 29, 2012
- 7,329
- 36,654
because the war
ww3 may be coming
nuclear war may be a thing
better live life now or die hoarding
ww3 may be coming
nuclear war may be a thing
better live life now or die hoarding
simobro
BANNED
- Apr 27, 2023
- 82
- 13
The main reason for the simultaneous decline in cryptocurrencies, gold and silver as far as I understand, is the pressure from a strengthening US dollar and high bank interest rates. When geopolitical risks, such as tensions in the Middle East, increase, large investors often sell off risky or non interest bearing assets to recover cash. Currently, there is a strong trend of money flowing into government bonds, a safe haven during market volatility.
