/biz/ - Business & Finance

>>54812219
The Westboro Baptist Church was melodramatic. The whole world isn't doomed. It's just these globohomo countries that are doomed because they're being ruined on purpose. Most of the rest of the world is better than people realize and much of that is getting even better over time. These guys are too stuck in their bubble to ever appreciate that.

>>54754761
Running your own profitable business that you only need to work part time at > crypto neet or other rich person neet > running your own profitable business that's a full time job >>>>>>>>>>>>>>>>>> wagecucking >> neet on welfare

My family has a startup business for which I do important admin work. If we scale up a little, I can easily pull a few grand per month while doing that part time remotely. For me, that's making it and I'll be doing that anyway even if I get rich off of crypto. Having a business is also a handy way to get a residency visa to the country of your choice if you have a bit to invest.

>>53327594
We are. LIV Golf will crush the PGA this year. Ruaidhri McIlroy will commit sudoku on live TV. You heard it here first, folks.

>>51139376
Crypto is an interesting market because it's not mechanically tied to any other asset (except the internet being functional) but a lot of the supply is held by entities also active in more traditional securities markets, the liquidity is much lower than those other markets, and crypto is seen as extremely speculative by a lot of the deep pocketed entities who get into it. This means that as soon as these entities get spooked, we can expect them to panic dump a lot of their cryptos and drive the price down. This will happen purely because of supply and demand and not because of anything having to do with the actual long term use case of cryptos as an asset. What remains to be seen is what happens after that. If we get a yuge recession and people lose faith in other asset classes then we might see capital flow back into cryptos but we'd have to deal with the initial period of major dumpage.

>>50188520
The coronahoax shutdowns made a catastrophic economic crash inevitable. This is entirely self-inflicted. All of this other stuff you're seeing is just our rulers kicking the can down the road and making up other stuff to blame besides their own decisions.

>>49852898
Probably most of them are already crashing, we just don't have the official designation of a recession yet.

>>49743333

>>49454554
It's quite the reality check to realize that a 3% yield on US treasuries is now legitimately associated with a debt apocalypse, lol.

>>19427376
>This will result in a second stock market crash, and that will result in a second crypto crash.
Typically, precious metals crash along with stocks in the early days of a crash, then recover and surge back up throughout the rest of the stock market crash, enough that they go up if you zoom out and look at the timeline of the stock market crash in its entirety. PMs did dip as expected in the early part this 2020 crash. If stocks go back to crashing again, then this should be the part where PMs surge. Cryptos are vaguely simmilar to PMs, so we might see them surge, too (or maybe not). It'll be really interesting to see how the patterns of behaviour compare once things calm down again.

Today's volume on SPY is so low it barely shows up on my 15 minute chart, kek.

>>17894012
>or sell into real usd
I think it's this. If they sold yuge stacks of USDT for BTC or any other crypto, we'd see that particular crypto mooning. If instead they turn right around and cash out those BTCs for USDs, the operation is demand-neutral for the other cryptos involved. It looks like what we might call a sector rotation, in this case out of cryptos entirely.

>>17350963
Who doesn't love a nicely shaped bottom?

>>11806371
Shimapan

>>11806513
Couple things. Canadian dude weed sector is bearish. Canopy Growth is trying to hold a double bottom at the moment, if it breaks down it will test the 200 day SMA at around $40(CAN). Broader market correlation weighing down the more bullish US stocks. Acreage Holdings has been mildly green all morning though.

My dude weed portfolio has only two stocks right now; Quinsam Capital and Canntrust. Did a dip buy on Canntrust at $8 just after open to cost average my initial entry at $8.45. Quinsam holding support partly thanks to Quinsam itself providing solid support at $0.31 due to their ongoing $5.9m share buyback plan.

For now it's just those two and a bunch of cash fir entries as i see them. If Canopy holds the double bottom i may hop on for a bit.