/biz/ - Business & Finance

>>18045663
>Less than a week with quarantine and economies are collapsing
>Taxes won't be paid
>Government will have to print more money that they ever did since ww2.

Oh bobo, this is what you don't get , nobody even needs to buy btc to go up in this scenario yea if there are no buyers temporally if someone cash a lot there will be a dip, but long term it will always be up due to fixed supply relative to increasing fiat supply.

>>18045693
You are 1-2 years too early.

What happens when the Bitcoin holder cannot even get a job at Mcdonalds?

>>18045756
>What happens when the Bitcoin holder cannot even get a job at Mcdonalds?

They sell but you are not realizing that the crypto community is full of long term thinking people.
The kind of people that have reserves to live a few months and that even if they sell they won't sell all they have.

>>18045895

We were at $3800 a few days ago. We will reach those levels again and even break down a bit more even.

>>18045895
>s full of long term thinking people.

Also full of people that get into massive debt to buy the highs and then have to sell the lows to live during a crisis, especially as they are out of work and have no money to pay rent/bills.

>>18045947
no we wont

stay poor retard

>>18045663
I'm buying before we go into hyperinflation and my fiat can't buy anything.

>>18045663
sell
the opposite
there will be nobody to buy

>>18045955
Oh no, you just summed up half of /biz/

>>18045947
>We were at $3800 a few days ago. We will reach those levels again and even break down a bit more even.

Yes because bitfinex cassino crashed and fucked the price api of every site.

Meanwhile localbitcoins price was still 7600 and still is in most places.

>>18045955
People in the crypto community hate debt, well actually bears like it but not holders.

>>18045978
>I'm buying before we go into hyperinflation and my fiat can't buy anything.

>>18046041
>People in the crypto community hate debt,

Come on man.

>>18046122
>Come on man.

The btc community hates debt for real even when in 2017 people were buying with credit cards the community told them to gtfo.

>>18046292

People have been buying the whole bear market on debt my man.

>>18046382
And they will.buy the Bull market on Goverment debt too. Just wait to see how much BTC pumps when everyone in the western world starts getting fistfulls of cash until lockdown finishes

Btc will go up. Believe it or not this is the time for crypto, this is why it was created. People will finally see the devastation that centralized currencies cause.

>>18045663
(((Discord))) banned the /biz/ server, get in the new one bros
discord gg kjGsbrW
AAAAAAAAAAAAAAAA

>>18046476
Yes

>>18046411
>And they will.buy the Bull market on Goverment debt too. Just wait to see how much BTC pumps when everyone in the western world starts getting fistfulls of cash until lockdown finishes

I have a feeling they won't be dumping money into Bitcoin at $7k after it pumped from $3.8k whilst they are in debt and have bills to pay with no job income.

>>18046476

You are premature. These things take a few years to settle in. Just like the gold rise after 2008.

>>18046476
I won't deny that it's why BTC was created, but nobody knows if it'll actually do what it's supposed to do.

>>18046609
You don't wait for the hyperinflation to start kicking in before you get out. It will be too late.

>>18046122
Wait, do you think hyperinflation isn't coming because a guy with a duck avatar made a smug post on Twitter?

Good luck man.

>>18046762

No, the thought of hyperinflation only recently occured to people... They have then front-runned it due to the new narrative. The reallity is that hyper inflation will build up to a peak after several years. It doesn't just happen at the snap of a finger right now. The ground work for hyperinflation is there, that is it.

>>18046734

Yeah I got the next 1-2 years.

>>18045663
Our descendants will sing songs about people that hodled through this Great Plague

>>18046843
This

bobos on suicide watch
imagine shorting btc
subnormal iq

>>18046843

'Oh the times were horrid, because of n9-covidd.. First corn crashed to 3.8, then they bought at 6.8..... ..... Ohhhh, 2 days into quarantine, they all went and bought the bean... several months later still the same, the 3.8k levels were there to reclaim..... .... Nobody had income and were in debt, had to sell at 2k and liquidate the asset... This is the story of how to buy high, look at your net worth and say bye-bye.'

>>18045663
>tfw the whole economic collapse and quarantine is a plot to shake you out of your Bitcoin.

>>18046795
Deflation first as too few dollars chase too many goods
<—- we are here
Then free money
Then massive inflation as too many dollars chase too few goods

>>18045663
This shit used to be $1. I'm not touching it. Either Unification 100x's by 2022 or it's the rope for me.

>>18046937
X-D

>>18045947
>We will reach those levels again
Let's be honest here.
Bitcoin won't go under 6k ever again.
You need another pandemic or a world war to achieve the last panic selling

>>18047056
>Bitcoin won't go under 6k ever again.
>You need another pandemic or a world war to achieve the last panic selling

Or 12 months of people not having jobs.. Might just have a little effect.

>>18046966

You got the narrative right, just not the timescale.

>>18047089
Only McDonalds wagecucks will lose their jobs.
Their 3000$ invests in crypto means nothing to the rest of us.
BTC went from 5.7 to 6.7 the same day you said it was going to 3k.
It's over
You lost the last train to make money with crypto.

>>18047120

I still hold most BTC than other people. But all the smart money in cash right now, looking for entries in the next 1-2 years. https://twitter.com/CryptoCobain/status/1242249938920235008

>>18047187
>crypto
Ooh that’s cringe af bro.

>>18047248

More cringe than buying the the top 2 days into a year long quarantine?

>>18045663

>>18045663
The /biz/ server link is discord gg kjGsbrW

Join and watch the market burn bobros

>>18047187
>most BTC than other people
more than zero isnt hard

>>18045663
We are currently in a liquidity crisis. It's very to buy and hold Bitcoin when you desperately need cash to buy food and other essentials, as your steady paycheck disappears.

>>18048119
Tether will continue to print to keep bitcoin up. Don't worry

>>18045663
The logic here is that people will invest in crypto to ensure their savings is safe. It's that easy

>>18048392

Without an income, people will be spending their savings. Most peoples savings are in assets, therefore people will sell their assets.

>>18048452
BTC is not an asset, it’s a hedge you absolute black gorilla monkey nigger.

>>18045663
Rate of dollar deposits going up, rate of Bitcoin issuance going down, plus difficulty retarget in less than two days.

>>18045895
Been buying since 2012, you are right. I'd sooner go into debt than sell Bitcoin.

>>18048551

I don't care about your random definitions. Bitcoin is something people put their cash into to speculate on future value. It is savings.

>>18048632

In the next year you will lose money, in 2 years you will start to gain.

>>18045968
this

>>18048670
>In the next year you will lose money, in 2 years you will start to gain.
Good thing I've got more than two years living expense in cash. I think it will take less than two years before we're up. Screen cap this.

>>18046122
What that fella doesn't understand is the narrative shifts to the price. People always "knew" it was going up/down for x, y, and a reason. I'll give you two right now. USD is doing well = BTC down. Fears of hyperinflation = BTC up. Adjust as needed with an infinite amount of coping narratives. Just buy and hold faggot.

>>18045663
LOCK YOURSELF INSIDE! OPRAH SAYS WATCH NETFLIX ON LOW REZ MODE!

>>18045663
it's actually the smart thing to do right now

btc is more about keeping your current purchasing power than it is to "get rich quick"