/biz/ - Business & Finance

failing countries. we will see a lot of currencies fail in 3 month

>>18443277
doesn't that mean, people will have less money in general, so withdrawing investments like crypto?

13000 $ is 26 000 $ after halving
and that is after taxes because we simply won't pay them

>>18443310
do you even understand marketcaps?

Big Dogg was right way back in 2017. Btc will never be above $14k ever again.

>>18443258
never say never, fag

Total crypto market cap was 800 billion in 2017

>>18443438
yeah, but every coin/token is linked to the bitcoin price, so the more coins/tokens the more divided the money is the less of a bull run we'll ever see.

>>18443300
Only for USD. Foreign countries that cannot access USD directly will go into crypto first.

>>18443459
nah, they will go into food/rent and basic needs first. If milk and a bread suddenly cost 3x the price, there isn't much money left to go for investments.

>>18443476
Hyperinflation tends to not affect food and rent so much, because food (usually) and housing (by definition) producers are local to their customers. It's big foreign capital that flees first.

>>18443500
possibly yeah, but why would they go to a risky investment like crypto and not buy goverment bonds?

>>18443476
>implying peasants that squabble for food will ever think to buy assets
No one gives a shit about bottom feeders retard. We’re talking about the elites

>>18443515
Bonds are very slow relative to setting up a Binance account

>>18443558
Would you if you have 10 milion dollar to invest, generate yourself a private key and risk it being bruteforced by a supercomputer in 2030 when maybe the network stopped working because miners left at a 6000$ bitcoin price with a hash difficulty through the roof?

or go for a safe investment and get a steady 3% return a year?

>>18443515
They wouldn't. Nobody is going to buy crypto in the middle of an economic disaster. Bitcoin is not stable enough for the poor.

>>18443300
>investment.
Its not an investment. Its a life raft for people in countries with hyperinflation

>>18443640
but how is a currency that can dump 40% any day a safe haven? I mean runescape money is more safe.

>>18443663
Not only that but a transaction can cost as much as you make in a day. It's not really an option for the poor

>>18443258
this is the hopium i need today.

I WANT TO BELIEVE

>How in the fucking world are we ever going to reach 100k$?
now look at the total market cap of gold.
protip it's 7.3 t
now picture a fraction of that gold money going into btc this next recession

and there is all the money people actually use, credit cards. and dont forget about silver

>>18443258
LINK is the future. It is decoupling from BTC as we speak.

>>18443772
It's happening tonight!?

>>18443755
Bitcoin isn't gold

>>18443772
Comfy young sminem.

>>18443258
join @ChadLounge on telegram

>>18443258
>>blocks your tranny bear path

HAHA!

>>18443804
You're right, it's not, it's better. Much better.

>>18443332
He was a prophet. wish he'd come back

>>18443807
based

Market cap on crypto market is totally misleading. Remember Nano and how it got its valuation. It was literally being ipumped out of nothing.