/biz/ - Business & Finance

bump

Quit trying to shill fiat currencies and go shit on a street

bump

>>15751249
Bump

>>/biz/thread/S419088#p419113

>>15751249
You're not wrong, my redditfag friend is trying to encourage me to buy in. For some reason the stock market is trending on reddit and everyone is chiming in. R.I.P NPC's
>if only you knew how bad things are

>>15751249
Are crypto going to collapse?

>>15751566
Stock collapse = crypto boom

>>15751249
What's happening? Have I left it too long to stock up on toxic long life processed survival foodstuffs?

>>15751585
whats the logic behind that statement

>>15752025
Basic Non-brainlet logic

>>15751585
I'm not sure that financial markets are actually considering Crypto more than a game.
Gold would definitely be the king in this scenario.

>>15751585
Holy FUCK my sides, the irony is some retards on this board actually believe this

I’m going to fucking laugh my ass off when sp crashes 50% and btc goes to 1k, the amount of suicides on this board will warm my heart

>>15752100
please open a lot of shorts bobo, do that if you got some balls

>>15752044
explain

>>15752154
Fiat loses value, real economy loses value, stock lose value, capitals flow into store of values like gold.
If crypto will be recognized as a store of value, then it will pump, if it's seen like a stock, it will dump.

>>15751249
>at any new ATH now

>>15751585
Crypto and stock collapse simultaneously bet me bitcoin

>>15752414
Gold doesnt crash as hard. Bitcoin is 10 years old with unstability.

>>15752414
Crypto is digital fiat

>>15751249
>The doom-porn Jew said so on his website.

>>15752494
But Bitcoin isn't. Bitcoin is capped, fiat is not.

>>15752100
>the amount of suicides on this board will warm my heart
How did you become so evil? Was it rape?

>>15752494
>Crypto is digital fiat

>>15752494
stop repeating this garbage brainlet

Prepare get a reall wallet fags: https://www.cryptocompare.com/wallets/anker/

>>15751526

Made a thread on /personalinvesting back in January illustrating how a rising 10yr yield precedes stock market corrections for the past 40 years - got told I was a moron and "that's not how it works". Don't try to save the plebs, they want to lose... when they do, just make sure some of their money goes to you in the process.

>>15751249
Same thread title, same pic, same bullshit SP500 prediction, same smelly pajeet nigger

>>15752414
wouldn’t people just dump hard at first to liquidate?

>>15752655
it's not increasing tho

>>15752906
>>15752655
also, if you listen to someone like brian reynolds, inverted yield curve historically is correlated with intense LBO/M&A activity over the next ~2 years. so who tf knows what will happen

>>15752462
instability*
dumb animal nigger

BTC is worse than fiat. BTC is like if the government (miners) charged you a 2$ tax for moving a 5$ bill from your left pocket to your right pocket.

>>15751249
>implying the fed won't keep cutting rates to keep the party going for a while

Other countries are going to negative rates territory, in this scenario the fed still has room to play.

If other countries had sane monetary policies then the fed would be fucked but that's not the case.

>>15752984
Sure glad my dollars are nice and safe in the bank, definitely not being stolen right from under my nose so the government can pay off its debt on the cheap

>>15752561
Not BTC itself, but the proliferation of alt- coins in their infinite variations absolutely should remind you of printing press turning out endless stacks.

>>15752494
Your assumption is wrong at several levels.

Bump

>>15752414
How would it EVER be seen as a stock?

BTC will likely be near ATH 20k by the time this upcoming global recession manifests. At first it will dump with the rest of the global market, for two reasons.
1) It's breakeven point for many people who got in during the 2017 bullrun
2) People who stupidly invested more than they can afford will need to sell in order to pay their debts as the market crashes and unemployment rises

It's just like when it reached the previous ATH of 1100 for a second time in Jan 2017, then immediately dumped back down to 700. Once it reaches 20k again we'll see a similar 30-40% retraction down to 13k or so. That's when the bullrun starts

>>15753064
bitcoin is not fungible
also, why does the chart exclude rows such as: "sending someone a dollar reveals your net worth", and "everyone can see who you send money to, forever, until the rest of eternity"?

>>15753121
Look at how fucking steep that dropoff is once it got to 1.1k again

>>15753121
Based and Satoshipilled that said i disagree with the dump , Argentina , India and Turkey are being rekt and will put capital controls which will pump bitcoin by the time the crisis arrives in the usa.

>>15753138
Use a mixer service or don’t send money using your cold storage wallet if that bothers you. These things you cite as problems with bitcoin are really just a personal problem.

>>15753193
So trust a third party to hide your coins? That's like buying WBTC to have bitcoins interact with Ethereum's blockchain.

>>15751249
This thread again?

>>15753179
Could be. Also
https://blockonomi.com/venezuela-considers-bitcoin-ether-for-foreign-reserves/
https://cointelegraph.com/news/venezuelan-central-bank-is-considering-holding-bitcoin-and-ether
https://www.trustnodes.com/2019/09/27/venezuela-considering-adding-bitcoin-and-ethereum-to-national-reserves

>>15753138
>sending someone a dollar reveals your net worth
>DURR HURR I keep everything in one wallet

>>15753233
You're free to go back to one of the quality threads you shat out

>>15752100
Wealth is never lost. It’s transferred from one area to another. If it leaves the stock market the housing market and bond markets.....if you can find where it’ll end up...that’s how people get mad rich.


Fafgit

I think we're also in for a downturn especially with how much debt most companies are carrying along with the fact the overnight repo stuff the fed has had to step in one. Pretty sure we're in a similar situation as to when Lehman was insolvent overnight.

Combined with if DB goes down it's all gonna go tits up.

>>15752100
BTC never goes away...its part of the internet now. If it does go to 1k people will buy....we are in for a crab market for the next year....it might go back up to 12k or 14k before the halving but will crash again after it. We wont moon till most lat wealth is transferred back into bTC. We will see 50k BTC but it wont be till Tether is gone.

>>15753396
the delusion is real

Friendly reminder that if Microsoft lost 40 pc of face value it would still be worth 600 Billion

>>15751249
I fixed it

>>15753855
Anon, I...

>>15753877
I know, very bullish, buy low sell high

>>15751249
>11 years of bull market
you are just a clueless incel

>>15753309
Venezuela stole alot of asics and mining operations around 2016 since they had the cheaper electricity worldwide before cables exploded.

They are just desperate i would not be suprised if they are doing this to fuck bitcoin since freelancers in venezuela use it to escape commie government controls.

Bump

we are exactly in the track similar to 2008 crash, European banks being the catalyst, wall street playing along again, more risky derivatives , new CDOs will start popping up
Huge amount of money riding on vaporwave then the bubble pops
It wont the end of the world collapse of society everyone is heralding it to be but it will be severe this time
with the population increasing , the things we took for granted will cease to exist

I don't know what the fuck crypto will play in this
a paradigm shift is unlikely
still storing my nuts for the winter nonetheless

>>15754293

SP500 -40% or > -50% ?

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