/biz/ - Business & Finance

>>11480361
no,
and crypto is going to 0 whether the world ends or not

>>11480361
It will be an absolute bloodbath. If you hold at least some btc, it will make your life a bit easier. Or you could invest in boomer metals.

>>11480361
>is a new bubble burst coming
Yes
>like 2008
No

Things are gonna get real shitty really soon. Millenials are "killing" luxuries because they can't afford it. College grads won't be able to pay off their loans. Stocks being propped up by rebuying strategies make a market crash imminent. The US dollar, Euro, and Aussie dollarydoos are gonna tank in value. China's economic growth was +3.5% this year, MUCH lower than expected so they're probably fucked too. And with automation on the rise, general labor is barely necessary. But here's the thing...

Bitcoin was literally created to subvert recessions like the one caused by the 2008 crisis. Crypto and gold and guns are probably the only safe havens of value. Crypto is going to create an industry married of economics and tech, one that will create an arms race for clean energy and computational power. When normies are scrambling to stop their life savings from getting fucked, they will turn to crypto and is will be adopted worldwide. Invest what you can now so that when hyperinflation happens and the debt bubbles pop, you aren't left behind.

>>11480361
more like 1930s bad

>>11480464
How can you be so sure that cypto goes up tho? its not stable like gold

>>11480473
Look what happenrd in venezuela and iran during the recent inflation

>>11480473
>he thinks gold is stable and not manipulated like crypto

>>11480482
I'm aware of venezuela but can you redpill me on iran?

>>11480391
this

>>11480473
Because failing economies have been the driving force of mass adoption for years. In Greece's big fuckup, there was one Bitcoin ATM in the entire country and it was crowded for days. In Venezuela, things are getting fucked and the residents are turning to crypto for a better system. The government there has even announced a shitcoin buyable with the Bolivar. This is just the way things are going. And with the USA being one of the nations with the most tech, mass adoption and innovation in crypto are bound to happen.

>>11480491
People could not buy foreign currencies or precious metals so the price of bitcoin spiked up to 22k$ on their local exchanges

>>11480517
>citation needed

>>11480584
https://thenextweb.com/hardfork/2018/09/06/bitcoin-price-surge-iran/

>>11480464
Spot on.

>>11480514
>Much decentralized
>Very disruptive
>Many tech
>Much TPS
>Very revolutionary
Blockchain will be adapted in private projects or in stablecoin.

>>11480464
>Bitcoin was literally created to subvert recessions like the one caused by the 2008 crisis. Crypto and gold and guns are probably the only safe havens of value. Crypto is going to create an industry married of economics and tech, one that will create an arms race for clean energy and computational power. When normies are scrambling to stop their life savings from getting fucked, they will turn to crypto and is will be adopted worldwide. Invest what you can now so that when hyperinflation happens and the debt bubbles pop, you aren't left behind.

Deluded - 3 TPS POW will rule them all

>>11480391
True. Its gonna be much worse than 2008. More like 1929, but still a bit worse than that

>>11480715
in 1929 nations were much more homogenic and thus more empathetic.
just imagine starvation, empty supermarkets, power outages etc. in multicultural western states - when your neighbor isn't of the same group, there isn't as much holding back...
on the positive side: millions of leftists will learn a lot about human nature soon.

>>11480696
Yes, blockchain will be used when a trustless environment exists and it can provide a solution, the includes in private projects and stablecoin.

>>11480702
What is lightning network? Besides, I mentioned Bitcoin once and went on to say that crypto, as a whole, will be adopted worldwide. There are bound to be better mediums of payment with better TPS to arise within the cryptocurrency sphere. It is software. It can and will improve. Learn to read and don't jump to assumptions, you dolt.

Bitcoin may be antiquated by the time a better crypto is adopted. But it is current but store of value in the crypto world and may be the backbone Digital Gold Standard for awhile. The future of economics is going to be made of electronic displays, not paper.

>>11480837
>>11480715
Why do you think it will be so much worse?

cant let the thread die
bump

Low key would be fine if 1929 happened.. 20 years old working over 40 hours a week at job that pays shit and paying massive rent and don’t have enough money for food most of the time... i can kick the asses of the majority of people I see during any given day so would probably live like a king during a 1929 type thing because I’m used to working very hard every day without eating and I have untouched country land in America bitch and guns

>>11480837
>in 1929
>more empathetic.
Imagine being this dumb. It's good to know that those praying for "the day of rope" expect to be able to waddle down to wallmart and queue up to buy that rope.

>>11480361
>2019-2020 bubble burst

absolutely, just like the 2017-2018 bubble.
and the 2016-2017 bubble before that. And 2015-2016 bubble before that. And...

I mean... YT is full with "documentaries" and "expert opinions" about total economic meltdown in 2014, 2015, 2016, 2017, 2018 ... So why the next two years should be any different? Because YT channel owners suddenly don't want to earn money anymore?

Low key already is anarchy and like 1929 out here to be honest y’all just everyone is sleepin.. and that guy talking about human nature isn’t dumb he’s right when people get hungry they kill you would know if you’ve ever experienced hunger

Crashes don’t happen anyone.

cant crash if the government just keeps printing more money and pumping

“Got a small loan of a million dollars”
-Current U.S. President Donald Trump... pricks like this get popular.. this is a call for uprising ... anonymous ftw

>>11480388
>>11480464
>>11480472
>>11480715

financial retards- i mean geniuses

>>11482379
>>11482344
>>11482318
>>11482270
>>11482306
yeah nice job shitting up the thread

I bought a house in 2010, when is the right time to sell it for maximum profit? this spring?

>>11482409
Enjoy sucking dick for a daily ration of beans faggot. Just remember, you were warned and didn't listen.

>>11482871
unironically last summer

>>11480464
>Millenials are "killing" luxuries because they can't afford it.
This is a good thing idiot, would you rather us have young people that owe $60k on their cars and spent half this year's salary on their engagement ring?

There will be less than 21 million Bitcoins available when it's all said and done. Try to get one retards. And then wait for it all to burn.

>>11482881
This.

>>11483176

Will the fiat in my savings account be safe? I’ve been stockpiling fiat over the past year instead of buying (((stock))) at the top so I can buy low. I was saving up for a down payment on a house but since the housing market has been on a bull run the past decade it seems like a retarded time to buy until there’s a crash anyways. Retards don’t think crypto would moon during a recession do they?

>>11483746
Retards can't grasp why Bitcoin has a value in the first place, you think they can rationalize what will happen to that value in a economic crisis scenario?

>>11482270
What do you think happened in 1929? Read a history book.

>>11480361
>is a new bubble burst like 2008 coming again?
some say this is gonna be worse
>if so, how do you think is it going to affect crypto currency and why?
should do good for gold and silver next year
some big $ may see BTC as a good way to increase their stacks while they wait for the markets to start recovering

>>11481906
Because they want it to be worse.
Not because they have a fucking clue what they are talking about.

I went to a metal festival on Saturday with my friend who’s a grad student in botany and general plant sciences shit. While we were driving back, high on amphetamines, coffee and beer, he told me about that recent article from a couple weeks ago that was making its rounds through the internet, about the IPCC’s 10-year report on climate change. I didn’t read it at the time (mostly because I didn’t want to think about it) but long story short, a decade ago the IPCC summarized that we would have 50 years to reduce the annual global warming delta to 2 degrees centigrade, and would displace roughly a billion people. This recent report revised their prediction to effectively limiting that time to 10 years, in order to reduce the delta to less than 1.5 degrees, and that that would still displace 1.5 billion people. In my friend’s words, “so basically, we’re literally all completely fucking fucked”

I didn’t fully Get It until he laid out the fact that most historical societal catastrophes happened when food became very scarce. He’s actually specifically researching crop species that could survive in a post-climate-change world, including shit like brassicas that could handle hotter summers and colder winters, and corn that can do the same, but according to him there’s basically jack shit at the end of the day in terms of good candidates for staple crops that stand a chance of feeding the earth’s out of control population. Nothing will grow, it’s pretty much that simple.

So now I’m thinking about what happens as the dollar starts to collapse at the same time as the world’s major food staples slowly die out. This is obviously longer term but it carries a more significant risk of making us into an example of the hypothetical civilizations forming the basis of Fermi’s Paradox - the ones we don’t see traces of in outer space or anything, due to the fact that they killed themselves before we came around to observe them.

Stack your shitcoins.

I have no idea what crypto might do so I am hedging each dollar I buy in with a dollar in savings bonds. I get stock and bond ETFs through my tax deferred accounts and have a comfortable stack of fiat in FDIC banks.

If all four of those crash then it's probably a 'survivors envy the dead' situation

>>11484666
>I didn’t read it at the time (mostly because I didn’t want to think about it)
>I didn’t fully Get It
>So now I’m thinking

Nope.
You did not think.
Did not start to think.
And never will start to think on your own.

>>11480361
Collapse is comming and then socialism will come because this one will wipe the poor out completely. it will be liked 08 on steroids. People will demand communism. Anyone caught driving down the street in a Mercedes will be attacked and robbed on sight. anyone that looks even remotely wealthy will be attacked. it's gonna be gruesome.

>>11484755
>Collapse is comming and then socialism will come
Yeah, hopefully National Socialism.

>>11484666
>when food became very scarce.
Plot twist, solar minimum over next decade and a half is gonna be as bad as maunder minimum. Food will become scarce due to crop failure from lower solar output and harsher/longer winters