/biz/ - Business & Finance

It's happening. Bitcoin to 1 million usd eod.

>>23248013

>>22369183
Just stay away from main name brand whiskeys.
I can't handle whiskey handles no more.
https://youtu.be/i4mcdEq_XSU

>>22273453
I know.

>>22255158
Just imagine OP rage when BTC hits 1M in a few years, knowing he really fucked up, knowing that hundreds of biz bros literally told him to just buy the buttcorn, and he did not because he is an arrogant dumb prick and he just wanted “to be right” in an anonymous thread

G

>bought this within the first few weeks at 7 cents
>rode it to 14
>balancer hack
>become depressed, quit crypto for a month
>come back, see the price is back where I bought it
>sell it to break even, buy XAMP at .007
>days later it breaks 50 cents
I just bought back in for 1/3 of my stack, fuck this gay ass earth. I swear I won't do it again thanos pls

bravo OP

>>19639102
>force against nigger hordes
>excessive

WTF WHY WONT BTC OR ETH DO ANYTHING?? WHERE IS THE VOLATILITY??? ARE ALL NORMIES JUST TRADING STONKS RIGHT NOW???

>>19465818
TFW she "feels threatened"

>>19455945
No one does. Oracles are a meme wrapped in a meme wrapped in a joke.

https://youtu.be/OFhXivuXq00

>>17882592
Only non-NEETs receive NEETbux

Zoomer/millenial here. Never lived through a recession before and apparently this crash was supposed to be the biggest one we've had in a while. How do we know for sure this is the start of a recession and not simply panic? I've heard a lot of people arguing that this panic is the START of a recession, which I could see as being reasonable but what specifically causes a recession in the first place?

For instance, 2008 as I understand it the recession was caused by banks lending out money essentially to anyone who would take it to buy houses, at which point many jobs were lost and so many people couldn't pay their loans back that it caused a collapse. What would be the factors at play this time? Housing is overpriced but inflation has also kept people's wages up so overbloated housing prices I could see, but only in locations with major cities where property is insanely expensive. China is forcing it's citizens to go back to work so while there will be a decline in overall production for a while IF the virus can be contained it will essentially be crisis averted, no? Right now whether people agree with political stances or not at the very least my state has been pretty on top of it (WA) and our governor has shut down every public and private school until the end of April to contain it. Although the death toll is worse than many virus' with the current numbers (excluding China, I don't believe they're accurately reporting theirs so I don't want to assume their infection rate and death toll has actually leveled off).


TL:DR: What specifically would cause a recession in these scenarios? Why are people selling? And for those that are selling, why? Cash seems like it would be pretty much useless in any recession, physical goods seem to be the only safe haven. Ironically toilet paper might be worth more than cash if the worse case scenario projections happen

>>17829392
we're going negative

>>17727670
>Lol, le free market will save us guys :DDDDD

>>17714218

>>17640912

>>17513245
Life is depressing! Get with the honks fren!!!

>>17501834

>>17486777
Yep, checked.

"The heavens and the earth shall pass away, but my words will never pass away."
Here's a little secret, no matter what we do, we are destined to do this over and over again, every 60 billion years or so.
Feel like you been here before? That's because you fucking have. Have fun :)