Stocks Down. Crypto up!
A large number of major stocks, including Amazon, Apple, AMD and more, finished the day down taking the entire NASDAQ with it, finishing over a percent and a half below its starting point. Thanks to today's lows, this week was one if the first week's of 2017 to go negative.
In the converse, 14 out of the top 20 cryptocurrencies were in the green today. Including 10% on top of Ethereum's already impressive gains, an insane almost 50% percent increase in BitShares, as well as Lisk, Sia, and Wave all up almost 20%. Overall the market cap of crypto has grown significantly this week, while the stock market has failed to go green.
There's no point in putting your money in stocks unless you have super high income . I hope that that some day in the future the market cap for crypto be some godly amount!
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This is what I was expecting to see sooner or later.