2 minutes until China’s market opens. Unofficial discussion thread.
TWO more minutes to go until we see the effects of Evergrande! If you don’t know the second largest real estate mogul is in deep debt and is about to default on interest payments. We do not know the effects of this on the markets yet. Is it priced in? Are we about to dump? Rebound and brush the news off?
It could go up, down, or sideways.
Who’s down to hang in this thread and watch the events unfold! Should be interesting. As always, DCA, HODL, and you’ll be just fine.
This is the way. This is the way. This is the way. This is the way. This is the way. This is the way. This is the way.
I hate the character count. Let’s watch the events unfold together. GO!
At time of market open
At time of opening 6:30pm PST
BTC $42,119 ETH $2,852 ADA $2.04
UPDATE: 10 minutes in and the SSE (Shanghai Exchange) is actually UP a little bit!
UPDATE: Evergrande WILL make interest payment
EDIT: If you’re using the Reddit app sort by LIVE.
UPDATE: So far uneventful- which is the BEST case scenario! We will see.
submitted by /u/northwesternsamurai
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