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Chart Of The Day: What Was The Biggest Fall Today? by deathcross

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· @deathcross ·
$67.56
Chart Of The Day: What Was The Biggest Fall Today?
I know many of you are very sad because the promising price surge in cryptocurrencies ended abruptly and Steem is on a low not seen since January. That’s because I brought you this simple chart, with two normal stock prices. 
# Unexpectedly bad
The one is the stock of Netflix, which reported quarterly results with decreasing user numbers. The other is the German software firm SAP, also reporting for Q2 today. Both were worse than expected, much worse. That’s because Netflix unanticipated fell 11 percent today, until the time of writing, and SAP approximately five percent.

*[![COD Netflix SNAP.jpg](https://cdn.steemitimages.com/DQmVFHZBrYJQGh59cgUo8a8yvxQaV768fQPCQyPv4vSUUUM/COD%20Netflix%20SNAP.jpg)
(Click to view in higher resolution. Chart courtesy of [Tradingview](https://www.tradingview.com))](https://file.globalupload.io/gJEbkvem7p.jpg)*

That has no direct connection to cryptocurrencies and Steem but is instructive. You can see that not only cryptocurrencies can move 5-10 percent in a single day. Maybe cryptos are a very risky asset class, but not the only one. Investing in general, in assets where the price is determined by the free market needs always high courage – and risk-tolerance capability. 
# Pain is a pain, everywhere
I suppose – and I have seen in some earlier [dPoll polls](https://dpoll.xyz) – that many of you on Steemit and other Steem pages have only or almost only cryptocurrencies invested. Maybe it was painful to lose 10 or 15 percent in a day (or, in other cases, 75-95 percent in a year). But you can feel these pains also on the stock market, commodities market or by forex trades. 

It hurts to lose 11 percent on some sort of crypto, but it also hurts to lose 11 percent on Netflix. That’s why you should be diversified: buying, holding not only cryptos but also other assets. And not only one, better more. Some crypto, some stocks (various), maybe some bonds or some gold. Later, If you have money, maybe some real estate property.

Your future self, your future you will probably thank you for that. Unexpected things can also happen.
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vote details (1597)
@armadilloman ·
$0.03
I suspect bitcoin might get some safe haven trade again in the near term.

The Ethereum dump is what clobbered me the most.  
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vote details (3)
@starving ·
pain all over but that's market
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@financialadvice ·
The difference between the two is Netflix moves because of fundamentals affecting profits. Bitcoin moves because of all sorts of random reasons.
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@mrblu ·
the market is down..market share down due to the war of trades system between to giants economy. 

The namely U.S and China.

this will affect the market since they are the center of the economic system supplier in the globe via big company and shares.
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vote details (1)
@arcange ·
Congratulations @deathcross!
Your post was mentioned in the [Steem Hit Parade](/hit-parade/@arcange/daily-hit-parade-20190718) in the following categories:

* Upvotes - Ranked 6 with 1421 upvotes
* Pending payout - Ranked 6 with $ 63,44
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