Reddit reviews Why Stock Markets Crash: Critical Events in Complex Financial Systems (Princeton Science Library)
We found 2 Reddit comments about Why Stock Markets Crash: Critical Events in Complex Financial Systems (Princeton Science Library). Here are the top ones, ranked by their Reddit score.
PRINCETON
> I wanted to have a in depth conversation about the pros and cons of bitcoin
Fuck off troll.
It is a banking system with no ability to prevent a bank run, which means a systemic bank run will happen and it will unwind in a liquidity crisis. Practically fucking gravity if you bothered to read any financial history.
Go read a fucking book and leave us alone:
https://www.amazon.com/Manias-Panics-Crashes-Financial-Investment/dp/0471467146
https://www.amazon.com/History-Financial-Euphoria-Penguin-Business/dp/0140238565
https://www.amazon.com/Great-Crash-1929-Kenneth-Galbraith/dp/0547248164
https://www.amazon.com/Incerto-Fooled-Randomness-Procrustes-Antifragile/dp/0399590455
https://www.amazon.com/Why-Stock-Markets-Crash-Financial/dp/0691175950
https://www.amazon.com/Money-Whence-Came-Where-Went/dp/0691171661
Go away until you've read all of them.
Get off the internet and do your fucking homework.
Goodbye.
Here is the post for archival purposes:
Author: _Time_Value_ofMoney
Content:
>The underlying conditions that drove BCH up and BTC down in price last weekend do not exist this weekend. Namely, last weekend, there was an imbalance of on-chain transactions between BCH and BTC (in BCH's favor) building up from Tuesday, November 07 to Friday, November 10. When the imbalance hit a critical point, the prices corrected as nature abhors a vacuum. This imbalance is actually in BTC's favor at the moment.
>I will not reveal my precise indicator - as it is proprietary - but read Didier Sornette's book "Why <del>Stock</del> Markets Crash" to understand how the underlying state of a complex system determines how it behaves when faced with critical events.