/biz/ - Business & Finance

If the US government isn't 100% in cash you're a fucking idiot to be since they always profit

>>50450086
If this was happening 2-3 weeks ago I'd agree with you, but every indicator and signal points to imminent reversal. 17.5k was very likely the bottom, and now we're doing the slow crab walk across the floor before bullrun.

>>50450117
they just go deeper into debt, they always lose if anything

>>50450159
Floor has already begun to rise

>>50450086
>diamond hand hold gang ape strong together

>>50450159
wrong, where was the fear, the anger, the total desperation?

If this was a multi-year bottom not to be revisited, I think it would be an unprecedented event globally since investments began.

>>50450405
>where was the fear, the anger, the total desperation

What do you mean where? What are you expecting to 'see' you sit in your moms basement masterbating, you think your some omnipotent being that could see all the pain the bear brought?

>>50450405
have your eyes been closed for the last few months?

anyway this is your fault for not dollar cost averaging

>>50450405
The markets have been at extreme fear for months

>>50450405
It's obvious this is like March /April 2018. Traders can make some money but those looking to buy the bottom of the bear should probably wait until realtors star jumping off roofs.

>>50450464
> anyway this is your fault for not dollar cost averaging

only had 25k cash actually until recently, now 75k, the rest is in real estate. Could not DCA. Am waiting now for “the” drop, then go all in.

>>50450537
im in a similar situation, just wait longer. this isnt the real bottom. hold your horses!
recession and depression will come then we can consider getting back in.

I did this shit last May. Wanted to buy eth lower when it went to 1.4k, pumped the next week to 2.7k, then 3.5k, then 4.8k

Don't be me last year

>>50451809
We weren't experiencing the same shit last may either

i thought the world economy was tanking ?

>>50451832

It already did tank, S&P500 is down 20% from it's peak last year. Now it looks like we may be recovering.

Bitcoin is to expensive, not buying. I can’t afford to invest

>>50451949
whats gone up most in price is GREED

>>50450086
Same
Cash is king baby
Low IQers will seethe

>>50451906
retard mumu faggot. Come back when it's down 50%

>>50451906
>Rate hikes still aren't even at 30% of inflation
>HURR ITS RECOVERING BROSSSS WAGMI

Absolutely imbecilic

>>50450086
Me too, only the smooth brains are partaking in this fake rally. Much bigger dip coming and there in no avoiding it.

>>50452041

Why would it drop 50%? Unemployment is historically low at only 3.6%. The "problem" with the economy is high inflation because people are making more money than ever and have a lot to spend. But unless things get really ugly in Europe over the winter because of Russian sanctions and an energy crunch, inflation seems to have finally peaked. Gas is down like 50 cents over the last month in my area. And as long as the Fed can slow down or stop the interest rate hikes, that's all the markets really care about.

>>50450086
That's nice since you'll have enough money to buy a bunch of CHAMP'S NFTs instead of wasting it on alcohol and weed

>pump is already over
>interest rate hike coming
>everyone on Wall St. worried about recession

>>50452590
>Unemployment is historically low at only 3.6%. The "problem" with the economy is high inflation because people are making more money than ever and have a lot to spend

LOL

Oh wait, you're serious, let me laugh even harder.

>>50452590
>Unemployment is historically low at only 3.6%.
This has always been a garbage number. If a McDonalds worker quits and gets a job at Wendy's, they count that as a "Job added" but the McDonalds job loss isn't subtracted from the final number. This combined with people working 2 jobs is why you see "zomg great jobs report!" being shilled.

>>50452769

It's the same rate of unployment as 3 years ago under Trump when the economy and markets were booming. It may be a garbage number, but it was just as garbage in 2019 and point was that measurement of the health of the economy is no worse than it was back then.

We'll see a minor recession if any at all. And even if we do, that's just more incentive for the Fed to lower rates and open the borrowing spigot back up.

>>50450405
here it is
I found it

>>50452888
>t's the same rate of unployment as 3 years ago under Trump when the economy and markets were booming.
Trump said the jobs report numbers were bs during his campaign in 16 (but naturally embraced them when they "good"). A 3.6% unemployment rate with low inflation/gas prices is so much better thant 3.6% unemployment with high inflation/gas prices.
>t measurement of the health of the economy
It's a measurement when everything else is fine. When inflation is low, gas prices are low, and the stock market is decent, yeah jobs numbers are what you look at. When inflation is high, gas is high, stock market has gone down greatly, a recession is likely, the jobs numbers are not as important.
>We'll see a minor recession
Ok retard.
>hat's just more incentive for the Fed to lower rates and open the borrowing spigot back up.
???? Lowering rates isn't on their radar for the next 5 years, retard.

>>50450405
>wrong, where was the fear, the anger, the total desperation?
Anon, the entire world is suffering from post lockdown depression, people don't give a shit anymore about going to zero, they've fucking had it with life
Crypto is pump or die for the majority now, previous market behaviour is no indicator of future market behaviour
This is strange territory
>In before 'this time is different'
I'm not talking about crypto, I'm talking about the whole world's mentality

>>50452961

>>50450086
Friendly reminder 9.7k CME gap must be filled
Mumus will rope

>>50451832

Only in your mind anon

>>50452951

A recession is multiple quarters of decrease in GDP. GDP isn't determined by the NASDAQ or directly by gas prices. As long as people are working and creating products, selling cheeseburgers, etc. then the GDP will grow (or at least won't contract) and the economy will be fine.

And give me a break. Literally the only reason the Fed raises rates is so they have something to lower during a bust cycle. I don't give a shit what they say today, a year ago the Fed was also saying that inflation was transitory and that aggressive rate hikes weren't needed. If the economy starts to tank they will pivot if they have to, although they will need to be careful to avoid stagflation and may not lower rates as aggressively as in the past.

>>50453087
>A recession is multiple quarters of decrease in GDP
First quarter was a decrease. 2nd quarter estimates show another decrease. Inflation and high gas prices lead to less spending, the need for higher rate hikes, thus economic contraction.
> etc. then the GDP will grow (or at least won't contract) and the economy will be fine.
It shrunk for all of 2022 so far.
>Literally the only reason the Fed raises rates is so they have something to lower during a bust cycle.
Bro you sound like a stocktwits retard. There's no way they will cutting rate hikes anytime soon. There will be nothing but increases for the next year at the least.

This board has gone from bobo mania "muh 10k at cpi" to "this is a dead cat bounce, people just need to take profits before reloading on shorts". You cannot make up how retarded this board is and the inverse /biz/ is the winning play yet again.

>>50450086

Im with you brother.
Im not buying anything for at least 6 months to a year.

>>50453352
We're you even on this board yesterday?

>>50453207

Current projections for Q2 are sub-1% but still positive GDP growth, so not great, but technically not a contraction and not a recession. But until the official numbers are released, who the hell knows. Your guess is as good as mine. Like I said, if there is a recession, I'd be minor. Say an 0.4% contraction or something like that. Nothing compared to the -2.1% and -8.5% GDP growth in the 3rd and 4th quarters of 2008 during that crash.

And I agree that the Fed will probably be increasing rates for at least the next year. They will have to walk a finer than usual line between controlling inflation but also keeping us out of a recession and at full employment for the near future. If there were a severe recession they'd have to lower rates, but as mentioned I don't expect that's the case. They'll probably just raise rates less aggressively or pause them if we have a minor contraction in Q2.

>>50453087
Inflation is created by corporate profits. Most of the money created went to PPP, that's why is loads of jobs and profits in ATH.

>>50450405
>linear chart for 6 year period
Opinion immediately discarded. You really don't understand what you're talking about. In answer to your question, in all my time in crypto I have never seen marketwide fear quite like the cascading liquidations that began early may and which took us to 17k, and it was extraordinary circumstances that led to it, beginning with two years of lockdowns that created spiraling inflation and prompted extreme tightening measures

>>50450086
Anon do you have a date for this leg down?

>>50450086
Yeah, this pump was too easy and quick......
newfags DCA if you want the best of both worlds.

>>50450086
> still 100% in cash
>we'll crash
Whose we?

>>50450086
me too. all in cash for now, idk when to enter, i really think we're gonna see new lows so i'm just praying i'm right, there is like 0.02% chance that we hit cycle lows this early

>>50451832
markets are *supposed* to be pricing in 3-6 months in advance. of course, shock news that cant be foreseen will always cause corrections

>>50450086
you won't buy at 25k
you won't buy at 30k
you won't buy at 50k
then you will fomo at 100k crying on reddit you missed opportunity to buy at 1500
you're missing out on flippening and you're coping rn

>>50452017
*gives 11% of net worth to JPOW in your path*

>>50453032
Hey that's my line. I'm cmegapanon

>>50450159
kek im gonna start loading up on 2x shorts once it crosses 25k if retards like this think it was the bottom

>>50452590
You are impossibly retarded

>>50455939
My wee *pisses on you*

>>50455945
how do you get 0.02% lmao that's some retard bullshit number from your ass. do you not remember the 17/18 crash? Capitulation was in like May from a December/January crash. it's been much longer already this time around. by previous cycles, we should be entering the golden crab around now. come back for the halvening in 2yrs

>>50450086
You will fomo in at 150k.

>>50456527
>capitulation was in may

but it literally took almost 12 full months for btc to fall to 3k, then like 5 months of crab

do you really count the start of the downtrend as 'capitulation'?

>>50450086
Based. With you brother.

>>50456527

also check this out. do you really think -75% is "capitulation" lmao? be real

occams razor. the likelihood of this being a bull trap exit pump before they nuke it to 10k is higher than this being the start of muh golden bull

we have at least one more suicide dildo down before we can start to recover + crab

>>50450086
would much rather DCA than miss the bottom

>>50457452
at least be honest with yourself and draw your meme blue lines correctly

>>50452590
>people are making more money than ever

I'm not.

>>50457638

what do you mean 'correctly'? the 2017 line shows ~ -85% from highs, 2022 line shows roughly where btc should end up if it does the full ~ -85% retrace

>>50457701
stop lying to yourself, cuck

>>50450405
I was just pretending I was OK

>>50450176
US government is short USD. That's a winning play, ironically.
They pay some of the lowest rates on that debt too, compared to most companies or individual homebuyers.

Losers are the 3rd world countries that are too incompetent to sustain their own currency, so they leech the dollar and essentially pay our inflation tax for us.

>>50455945
Dumb fucking nigger. The 2020 covid crash was the most macro ecomically dire situation the world has ever seen, and it sparked the bull run less than a month later. 17K was the bottom, seethe harder nocoiner

>>50450405
>fear, anger, desperation
I marked it up for you

>>50450086
0iq niggers like you deserve to be poor

>>50450086
We will crash down to like 14ish thousand at some point in the next year. But we will probably pump to 30k before we crash again. Markets go up markets go down.

>>50457981
I see red circles, what did you mark up?

>>50451906
S&P hasn't even shed all the gains it made from all the massively fake and gay money the fed funneled into it the past two years. Once we're 20% below the pre-covid speak, then we can talk about the worst being over. Until then all upward price action is just an echo of the fakeness and gayness of years past.

>>50458421
Yeah, it feels like there is more hurt to come. Which probably means WE ARE SHOOTING UP MASSIVELY. I don't know what is happening, maybe we plunge again at the end of the year, but go to 3k ETH by then, then back to 500 or so.

>>50456527
>Capitulation was in like May
niggerfaggot it took 11 months, capitulation to 3k happened nov 2018. Don't talk about shit you didn't live through

>>50450086

My sick leave gibs just came in the mail and all of it's going into XMR

>>50450086
Short it...if you're so great

>>50458553
>my currency devalued the most, making me the victor.

>>50453032
everything depends on this for me so I hope you are right

>>50450117
>That will be careless
Even the government will be fucked if they go 100%. There has to be some level of privacy requirements before they get fully involved

>>50450489
Bad times

>>50452706
Buy Lion Club NFT instead or the ones with actual use cases. In case you don't know, over 90% of NFTs are going to dust

>>50453035
It is evident. Everything is literally crashing down

>>50451949
Investing in low caps is more reasonable. Although, what you stand to gain is largely dependent on selecting the right now. Look around privacy based coins and tokens, then you are set

>>50453032
i remember when that printed and was like, ahh wait a minute after it took off an never came back

>>50450489
Yep

>>50450536
>Traders can make some money but those looking to buy the bottom of the bear should probably wait

this is kinda true, i have a fren that's making good gains shorting Axl, but i personally ain't good in the short term.

>>50450159
Yes ofc duuurrrr, niggers like u don't take macro factors into account, u think this shit is over? How about when Facebook, Google and other tech giants come out with their numbers? Have u considered to hat the zuckberger said they had underperformed? How about the fact that btc is highly corolated with tech stocks?? Zoomies bull fags like u should kys, u're so hopefully always and act so smart u don't know nothing nigga

>>50452590
Average prices went up around 10% last year
Ppl only make ca 2% more this year
Wtf u talking about bro?

>>50458472
you type like a underaged redd*t fagggot

>>50458421
>>50458472
The money which was created is still in the system, unless we see major defaults we have a new base level

>>50450086
HAHAHAHAHAHAHAHAHAHAHA

There is no second best just a crypto asset called Bitcoin

>>50457452
if it goes to 10k i might was well just go all in

>>50450086
$1 = $1

>>50459596
>Bad times
Yeah, but it won't go on till eternity, this is one of the reasons i threw all my assets in different staking pools and provided liquidity for my Sylo on uniswap, i've stopped buying for a while.

>Bitcoin can't go below previous ATH
Is the same as
>The crash needs to be -88% after a blowoff top for a total of 33 weeks of downtrend before....
Sample size of 1 niggers, just give up and buy low sell high

>>50456545
Kek, It's always better to get in on platforms with long-term potential and wait for the bull cycle. One of my top picks is the sports metaverse which is backed by the likes of Elefund, Nvidia, and Youtube.

>>50450086
You are projecting pretty hard there buddy
i'm already taking a deep breath and relaxing
i only have few stables left in my wallet in case any IDO will be coming up on Axl launchpad.

>>50457589
That's the right approach annon. I have been doing this with SCRT and VRA and I'm already on profit on both of them. DCA and stake if you are in for the long term.

>>50451949
This is b.s. 60 for the snacks maybe, not including the tickets.

>>50457589
Well, I just spot long-term investments and go all in. Right now I'm considering privacy solutions since the rate of hacks keep increasing by the day.

>>50450086
I'm with you here although i'm thinking 12k/500 eth is a total pipe dream. I think 15-16k is the bottom, maybe 900 ETH. I'm gonna start my DCA back up in August one way or another. Not gonna miss this especially since i've still got funds lost in bancor

>>50450086
Cope niggerfaggot we are going to 30k eow

>>50453352
wow it's almost as if people try to FUD you into their trades. PS: Don't buy TRUEBIT, ever.

>>50459648
generally we know the capabilities of these low caps to make a very groundbreaking comeback

I think we all need to be aware that the "recession" hasn't even happened yet.

Were at like 3.5% unemployment. Its going to hit 10%. The housing foreclosures havn't even started.

And whats really unprecidented, is we printed a fuckton of money...there is no fucking "stimulus" thats coming. There is no get out of jail free card, were going to have big pain. + were due. My biggest joy will be watching social media THOTS collapse.

>>50463019
Except not really

>>50450086
>Bearish sentiment has been at 0 for weeks
>highest weekly loosing streak in the history of Crypto, and one of the highest for stocks
>record amount of cash holdings amongst investors, retail participation of the chart.

We had our capitulation, this was the bottom. Unless the economy actually crack (tidal wave of bankrupcies or the likes) there is not much further downside.

Expect a 30% upside from here, before we start dropping again.

>>50450086
It's unprecedented for a July. You should know this.

>>50465586
What low cap project do you have in mind then?

>>50466358
If europe goes into fall/winter without gas it will happen, short the dax

ETH to 500? had a brain aneurysm i presume? i'm not selling shit rn since staking has been profitable somewhat and playing Timer Raiders has been fun with some free royalty-tier earning

>>50465835
>And whats really unprecidented, is we printed a fuckton of money...there is no fucking "stimulus" thats coming. There is no get out of jail free card, were going to have big pain. + were due.
That is why you buy TQQQ deep OTM calls

>>50465114
That would be based. It's good to see the charts green once again. I can see the metaverse showing good prospects for future profits too with top celebrities and athletes getting involved.

>>50463002
Dude ofc you go all in at that
But throwing a couple of stacks on this level will be fine as well longterm wise.
But I hardly doubt we're done because retail and private investors are scared shitless of investing anything since prices for energy, gas and food exploded and people are afraid of starving

>>50457701
A 85% retrace will not happen as we did not have had a blowoff top this time, but only a double top.

>>50463002#
Dude ofc you go all in at that
But since we had a double top, we should be at the bottom. But where the fuck should the money come from?
Private investors do not have money left for gambling.
Companies struggle to keep themselves floating.
Rate hikes will continue.
Food and gas wilö be even more expensive.
Where should the money come from, considering that theoretically we should keep on moving, as there is a shitload money to be made before everything comes crashing down like on 9/11

>>50466474
Only low caps with growth prospect, I'm considering BANCOR, ORE and HYPRR

>>50452706
NFTs are definitely a good investment depending on the use case. My favorite is the Lion Club NFT on sports metaverse which gives me direct access to top athletes.

>>50453776
Newfag detected.

ok but could have taken profits off matic at least. It's going to crash and I'm going to buy a metric shit ton of matic

>>50450086
No scrt and atom up there? No party, bitches

>>50469465
Good luck while at it, newfag. I've left that chat a long time ago

>>50450086
>this is a massive dead cat bounce.
You said this last week and the week before, You said it would go to 18k and it has not.