/biz/ - Business & Finance

We need retards like these to post effective fud in times like this. We need to make sure people stay on the sidelines and fomo into LINK well into the 3 digit range, to be sure we hit $1000 comfortably, and not in an impossible-to-sell spike.

Ps: dr;ns

>>21249661

I think that, at this time in history, we have to be bolder than simply to say that gold is merely savings. You are correct that, over the long term, it simply holds its purchasing-power. But, in times like this, it not merely holds it, but vastly increases it. We are just coming out of an eight-year-long bear market, we are about to do away with fifty years of manipulation, and the collapse of fiat currencies worldwide is going to cause the greatest wealth transfer in human history. So it very much is an investment, in the sense that anybody buying it can expect a tenfold return. And not simply in terms of inflated dollars. The Dow:Gold ratio and House:Gold ratios are both going to fall substantially, as is the Gold:Silver ratio.

There is always opportunity in times like this, moved everything to Eth and will ride out the dump and buy back in at @$3.5. Free Linkies.

>>20322312
Sentinel guild member checking in. The great dark ages is approaching boys. In times like this it is important to join a guild in the ethereal plane. Validate your ethos. Rise to Mars.

You could say the same of gold, but when the market really starts to dump, not just a couple percentage but through 10-20 year old liquidity thats when both bitcoin and gold will show how valuable they actually are in times like this, these micro correlations mean nothing

>>19713261

Ray Dalio was the one who said that cash is trash; he predicted $2000 gold to the Financial Times in Jan. of this year. Warren Buffett has made hostile comments about gold; but he has often bought silver in times like this, and it is widely speculated that he is hoarding it now.

https://www.youtube.com/watch?v=AcM6aqWUm6k

Can someone explain to me the benefit of the spot price system. Seems to me like it would be way better if dealers ran it as an exchange but I don’t know shit. The whole spot price and premiums seem so retarded in times like this.

Were you buy chance around in the summer and fall of 2017? Do you remember what used to happen in times like this?
https://youtube.com/watch?v=jpkeAQG6kQw

>>19553772
Hey recent grad here, making 75k 1 yr exp in Canada. If you don't have a degree and it's free seems like not a bad idea in times like this.

I will say, 80-90% of stuff I use for my job I learned on my own. So if you do nothing outside of class don't expect to come out with an employable skillset.

Mr. Nazarov's silence during this time says everything we need to know. Celebrities, blue check marks, and everyone who matters is coming out in support of our black bull- ..brothers.
Even Consensys tweeted in solidarity with our black kings. How can Smartcontract and the Chainlink team stay silent in times like this? Their silence says everything. I just market sold my Chainlink, and I advise all of you do as well. I held for over two years but I can't accept this behavior. I can't even. We can't allow white supremacy to run free.

>>19443677
the real (essential) economy becomes even more valuable in times like this, does it not?

>>18852753
>liquidated
imagine over leveraging your position in times like this LOL

>>18844332

This is for:
https://realt.co/product/10024-28-appoline-st-detroit-mi-48227/
Main properties in Detroit for cheap labor on the management side, and most are section 8 so rent is guaranteed by the government.

There was a debate I read some time back where they were discussing different tenants sec 8 vs regular and it was pretty minimal.

To qualify as a tenant for sec 8 housing it's strict set of rules for at least 5 years. This way your leading at the dirtbags already.

Sec 8 rent is still being paid in times like this.
I think the plan is to take outsider money like any other corp and just rebuild and raise the area in especially shit holes like this where there is a lot of money to be made as long as more properties are renovated and you bring up the town/city value with it

I pushed my fingers into my eyes. not very long or hard but I see why people do it in times like this.

>>18746098
The ~MainStreamMedia~ is doing what the media does, which is report news.
Every half-brain thinks the media in times like this are supposed to puss around and talk about "latest instagram farting complilations" when the reality of it is that they exist for just these types of situations; to report on the news.

But as soon as the idiotbox doesn't say the thing you like, the relationship between expert and viewer completely flip.

People who deny the legitimacy of this pandemic are cowards who cant accept reality.

>June will be okay
>being optimistic in times like this

>>18427684

Yes completely understand where you're coming from, fortunately events will return and so will the need for an honest ticketing solution, in fact in times like this smart ticketing platforms like the GET protocol can offer advantages such as ease of refunds and gives a lot of options to event organisers than the legacy system wouldn't be able to offer...

>>18402975
I graduated in 2009. Construction got absolutely fucking hammered. Developers shit their pants in times like this. Nobody is going to spending money.

>>18401282
nah, read this, gives you some great perspective. This isn't some scare, this is a recession. Vs in times like this is a joke.

https://epdf.pub/bear-market-investing-strategies-wiley-trading.html

>>18373366
You know.. people in here have retirement accounts.. but in times like this.. those holdings are really boring to talk about... so everyone here just post their gamble plays most the time because nobody wants to constantly talk about their retirement stocks

What the FUCK do you call this pattern?
And how in the FUCK is it possible to even achieve ATH in times like this?

it's going to be a lot harder to get a "good job" that will make you feel like you "made it". if you're the type who networked constantly at a top school and had tons of internships, or if you have a truly valuable marketable skill already then you'll probably get that "good job" right away. otherwise, it's going to be very hard and probably rely on at least some degree of nepotism to avoid working at a retail job or restaurant, if you can even get that.

my advice would first be to lower your expectations and challenge your assumptions. don't lower your expectations on an existential level, lower your material aspirations and reduce the amount of weight you put on what other people think of you. come to terms with the fact it's going to require hard, at times demoralizing and dehumanizing work for potentially a long time. always focus on becoming very good at whatever job you have. it's more mentally fulfilling to be the type of person who volunteers for the hardest job first, learns the ins and outs, and is always reliable than to be the type of person who feels like they are a victim and is afraid to do a job or spends a lot of time thinking about how to do the bare minimum. this is essential even if you're working as a dishwasher in a restaurant.

the silver lining is that these are the times when characters are built and fortunes are made. if you do find yourself in what appears to be a dead end situation to most people, that's not a reason to give up and do the bare minimum. even in that situation you will have access to more wealth in terms of accessible knowledge than any other time in history, and recessions are times when the lights are turned on and everything is scrutinized. many businesses will fail and new opportunities will be created. it may be better to NOT have to have a "good job" in times like this because the screws start to get turned hard. just make sure to save money and accumulate risk assets, while making choices that minimize expenses.

>>18285668
In times like this even that is iffy.
If you really, truly, believe that hyper inflation or a big collapse in supply chains is coming, taking out consumer debt to stock up now could be smart.
Of course you're risking being caught with your pants down if neither of those things happen, but if there's one thing you don't want a Boomer's opinion on its how strong 'the system' is.
I'm not full Peter Schiff tier doomer, but I absolutely think over the next 10 years or so you're going to see dollar value go down a lot. And if that's the case consumer debt starts to make more and more sense.

so it looks like the consensus is in, & its we're fucked - depression confirmed, greatest economic & social disaster for 100+ years.

I read people saying that you should keep a big cash position in times like this, but how? I have some savings but I'm going to need those to live off for as long as possible. the only other investments/assets I have
is a stack in crypto. I've not sold anything so far, should I really sell it all into cash now?

what do?

please advise