/biz/ - Business & Finance

>>51428760
Predictable. With the way the Feds are increasing rates, this is understandable. The economy is fucked. The housing market might change too. Higher mortgage rates. Stock market plunge, inflation hike, real estate market changing, crypto fluctuations. Be prepared for the worst.

Flash dumb before the biggest event in ETH history.. yeh not falling for that one

>>51429282
Lol what do you think, this inflation, basic recession, all the markets crashing is because of the ETH merge, anon

>>51428760
what we're you expecting anon?go fuck yourself if you think it's over.

>>51428760
>rekt incoming
If this is just dawning on you anon then you are a slow starter, we have been rekt since the start of the year.

>>51429307
I think the last few years have been because of it

>>51429307
No. It's because of chainlink.

>>51429339
It actually gets worse as the feds increase their rates. The crypto hacks etc dont make it any better. We're all being exploited in one way or another. Time to keep your assets safe and prepare for the recession

>>51429364
Who are basically taking over ETH

Eth merge will dump. EthPOS ETHPOW ETHCPOS ETHCPOW. Too much selling pressure.

>>51429387
If ETHPOS dumps, then it becomes more vulnerable, dumping more.

>>51429307
Retard alert!!!
How on God's green earth can the eth merge cause recession?

The merge was fucking announced in August and we have been down since January so what the fuck are you saying again?

>>51428760
Another nothing burger

>>51429342
>>51429364
do you retards know how inflation works, kek. Surge in production costs, increased demand for products. Feds are supppsed to monitor inflation and adjust rates according to that, to prevent it from worsening. Unfortunately, the rate increases have not been helping the case and we're most likely entering a recession period. This is not because of ETH or LINK. Lmao. Even if supposedly, that is what is impacting the crypto market, please explain to me why the stock market is crashing then.

>>51429432
It was a response to the retards above

>>51429366
>Prepare for recession

We are already in recession, if you are not prepared now then it's certain you going to be slapped hard when you come to your senses.

>>51429466
Yes, we are at the brink of it. I have been preparing since the beginning of the year when the bear markwt begun. Swapping to assets less affected by volatility.

>>51429307
The market was looking bad even before the merge was talked of, so it cant be the merge that's causing this inflation.

>>51429364
Chainlink is so irrelevant to affect the market this way
>>51429366
Feds will keep kicking, we just need to find our way around whatever they bring forth.
>>51429387
The hype is unnecessary, if it's worth it, it'll prove that for itself.
>>51429466
I think a lot of people need to accept this.

>>51429579
For now the real safe haven happens to be stablecoins to the best of my knowledge.

>>51429821
It isn't. It was explained in the comment below about the reasons inflation is caused and how even if supposedly this was true, it wouldn't be affecting the stock market or real estate market etc. It's most likely the interest rates and production cost/product demand. All the ETH merge is doing is moving from POW to POS and decreasing their energy consumption

this recession is gonna be terrible since Powell said he's fine with increasing interest rates enough, such that unemployment rises. That means he's cutting off free money to businesses at such a rate, businesses will actually layoff and close positions.
why? inflation is still out of control. I bought my home 4 years ago (an economical 3 bed 2 bath) for $225k. Now houses are going for around 400k+ in my neighborhood. A ~78% increase.

>>51429878
What way could we use to work around it, kek. Nothing but safer assets

>>51429881
Dependent on whether they're 1 to 1 backed or not

>>51429930
Mortgage rates are also up 6% highest since 2008.

>>51429881
There's no doubt to this anon, stables are heaven to be in right now.
>>51429883
I'm surprised how some people still blame the merge for what it knows nothing about.
Ethereum reducing its energy consumption and congestion can't be the reason for the inflation.

>>51430160
What are your thoughts on Binance no longer supporting USDC though. Considering it's the second largest stablecoin.

And exactly, the merge has nothing to do with this.

>>51429958
>Dependent on whether they're 1 to 1 backed or not

That's you have a brain, so you fucking DYOR.

>>51430285
Shut the fuck up, retard. I made a note of that specifically because most noobs dont understand the concept of fully backed stablecoins versus something like tether.

>>51429958
Just recently I saw something about some sort of trustless KYC and how it'll be compliant. It sure is an advancement that Defi should embrace, considering the fact that with this, the Feds should reduce how they keep pushing.

>>51430202
I'll say it's just CZ's sentiment.
>>51430341
tether is still okay if I'm asked.

>>51430382
KYC is compulsory in most banks too. Not a big deal. Might as well stay in fiat then. But we want to earn passively too and banks dont provide the best of interest rates

>>51429387
>EthPOS ETHPOW ETHCPOS ETHCPOW

Those don't exist ranjeet. There is only ETH.

>>51430438
I went back to look it up, and it's AllianceBlock, and they propose the whole KYC will be trustless, which means users will have the ability to control the amount of information they give out.

>>51430433
Tether isn't as stable as say USDC, BUSD, USDT.

>>51430600
USDT is tether anon, so what are you talking of?

>>51429408
Will that be the black swan event?

>>51428760
>inflation without energy and food is reall inflation
But energy and food are the most important goods in existence.

Also, can you then explain why the Fed considered the non-real inflation back when that was higher?

>>51430160
Stablecoins are less affected by the volatility of the market but it's more appropriate to use a DeFi middleware and stake them instead of just holding

>>51429878
>chainlink is irrelevant
fucking brainlet

>>51431059
they are rarely affected, but I'd rather invest with them than just keep them lying in my wallet.

>>51431334
Invest in them or stake them, kek. And if fhe latter, what are you using for that and what are you earning on it

>>51431302
What's chainlink again? they can't be responsible for this market downslide.

>>51431367
Either way, it's still an investment... And to effective safe, I'll stay with Spool, I mean they got the buffer system of withdrawal to reduce gas fees when withdrawing.

>>51431462
They aren't at all. But either way, Chainlink is an oracle like DIA.

>>51431502
Gas fees and ETH have history kek. Good thing to see something with reduction

>>51431544
>>Chainlink is an oracle
those saying it does are fucking retards, kek.
>>gas fees and ETH
whoever came up with this batching idea deserves some respect to his name.

>>51431600
And funny enough, there's been enough explanation above about how chainlink, or ethereum do not impact the entire market. Especially not the stock or real estate market. But anyways

Who came up with the idea

>>51431718
Some retard that needs an ass whooping...

>>51429366
>Time to keep your assets safe and prepare for the recession
The most safe option should be to save in stables and wait out the storm else you'll get swept away by it.

>>51429466
If anyone is still talking about getting prepared for inflation then the person is obviously not a part of this planet. Smart people have been stacking up stables and staking them even as a sort of inflation survival startegy; faggots have been getting rekt from owning shits.

>>51429432
Just a jeet that doesn't want to take responsibility. His dad is probably sucking the cock of the SEC.

>>51429881
Just owning them isn't enough, they have to be staked too else they'll also get devalued.

>>51430202
>What are your thoughts on Binance no longer supporting USDC though.
Remember the phrase that says "not your keys, not your coins"? These CEXs have the right to do what they feel will benefit them more. I know a good number of persons that had to move their USDC away from Binance after the announcement, some are now staking it on Spool.

>>51430285
Not everyone walking on these streets has a brain. Be warned.

>>51433188
Normies are also staking if they didnt get to take profit while market was up. DCA and stake. Easier to recover.

>>51428760
How's merge fucked? I don't get it. Anyway, I don't give a damn about merge or no merge because I ran away from Eth gas shit for long. Playing gamestar+ on-chain of Avalanche is way better.

>>51430438
>But we want to earn passively too and banks dont provide the best of interest rates
This is he reason why we want banks to begin to leverage on Defi services; I think if we are able to achieve that, our financial status will improve greatly. Kudos to the teams like Spool that are taking huge steps to help achieve this sooner rather than later.

>>51433311
Some are mad men, like you. Be warned.

WHEN IS THE MERGE, HOW MANY HOURS

>>51433312
Based. Look at your portfolio and DCA into the solid projects that have dropped in price. Been doing that with holoride

>>51428760
ETH is going to moon

>>51429364
This. The milkshake was slurped.

>>51429342
>>51429364
This. Notice everything started getting really weird literally right before the bull market started. This is what convinced me that zog had a vested interest in crypto, seems to be central to their plans to the extent that major world events happen around it.

>>51429177
Real estate is really taking us to a dungeon
Can't even think how next year gonna be

>>51433770
everything in the market points otherwise did you see the CPI reports, the energy crisis looming in europe or the ongoing war in ukraine.Don't be a dumb moonboy.

>>51429282
Do you call this flash dump? Not sure the merge would be on a positive one to the market..

>>51434918
>Flashdump

I don't know why anyone would call this a flash dump the facts are boldly written the market is fucked and there is more downside to come.

Soon there will be blood

>>51434908
Inflation reports will come out next week. Market should dump hard

>>51436025
Shits just never gets better... We seems fucked fr

>>51435049
Based never stop procrastinating, guess Their longs are all in the mud rn..
Best is to stay safe in Stablecoins

>>51433312
Basically everyone is DCA'ing now that the market is down. Good way to accumulate more. I have been doing that with Sylo

>>51430600
Clueless newfag spotted

>>51431502
It's the fact that this platform is non-custodial and would not "take" my funds that make them stand out for me. I have no fears investing my stables here.

>>51433312
>Normies are also staking if they didnt get to take profit while market was up.
So they sold at loss to stake? I hope they've learnt their lessons and take profits next time to stake early enough, wait for the dump and buy again. Rinse and repeat.

>>51433404
Probably less than 8hours from now.

>>51433760
And how has that been for you so far? How rekt are you rn?

>>51434908
Leave these retard fags; they'll eventually sell at the lowest possible price because they have nothing to feed on anymore and that's when smarties would buy after accumulating enough buy power from staking stables possibly.

>>51436652
Seem fucked? You've been fucked since Putin decided to tell Ukraine to suck his cock; why do you think there has been an upsurge in the mcap of stables lately? We're looking for better alternatives that wouldn't turn our assets to dust.

>>51436893
Definitely not with scam coins like UST and its likes. Proven 1 to 1 backed stables are the way to go. Don't just own them, stake them!

>>51436900
Why would someone DCA at this tops?
The market is gonna tank the more

>>51437742
That's a Smart option indeed, stables are non volatile. Staking would be less risky and less rewarding too

>>51431718
>>51431786
a single visit to reddit and i can identify you niggers instantly

>>51437866
Like some middlewares with collections of yield aggregators could suffice for a safe staking

>>51437696
Fucking leave my president out of your filthy mouth moron.
And you could just let's go and stake your stables on spool.. catch me next time

>>51437742
>Don't just own them, stake them!
Laughs in Celsius and Anchor

If you are not smart about it, you would still get fucked so you better opt for the decentralised options when it comes to this.

>>51437492
>>It's the fact that this platform is non-custodial
It's a project tat brings value to all market conditions. cost-effective and less fears.

>increase interest rates
>economy grinds to a halt
>decrease interest rates
>money inflates away to zero

Imagine being the USA and being fucked and cucked no matter what you do

>>51440722
Imagine you are Iraq, Libya, Vietnam, Ukraine and you are in shambles now cause US would never mind their fucking business! I hope shit keeps getting worse for those clowns.

>>51438174
Spool should catch your attention then!

>>51440853
Problem is those US fucks will drag the entire fucking world down with them

uh lads, is it supposed to veer off-course like this

>>51437866
Did you just say less rewarding? Not when the APYs are ranging between 6-10% plus the opportunity of making profits by the side if you create a smart vault that other users prefer to stake on.

>>51439753
>Laughs in Celsius and Anchor
Better to stake on platforms where the transactions solely rely on smart contracts. It's almost impossible to get fucked in the ass that way just like what Celsius and Anchor did to you guys.

>>51440928
Why should it? Sounds like a sex position... Spooning!!!

>>51439753
Some tokens are better staked, when I staked my Rail tokens I became DAO member with voting rights having influence on major decisions in the project.

>>51443502
The idea of the smart vaults still amazes me till now, that users get to build their own Defi products, which they and others can use.

>>51429307
I don't think those are due to ETH merge. Merger or not I've been surving staking my alt. Better take advice from pajeets on 4chan or you'll get rekt.

>>51443551
Most projects now allow staking to raise the value of their tokens. thats' the justifications for my purchases of SPOOL and FWT

>>51428760
N
n

>>51445697
Been doing a lot of staking too. Yet the price of eth does not seem to be getting any better. Are we fucked?

>>51445730
Staking doesn't raise the value of a coin. It just raises the amount of tokens you can get

>>51429408
>it becomes more vulnerable
muh, not convinced. still can't buy 51% on the market during a flash dump

>>51445999
Is only a question of time anon. My prediction for ETH is 10k. screenshot this when it comes to past we will revisit it

>>51446029
Are on drugs or something? Remember the economic theory of demand. Some dude buy some coin as a result of the rewards they get from staking it. FWT for instance gives me rewards in fiat and crypto.

>>51428760
once again real estate morons wreck the economy

>>51446308
Eth might exceed that price. Question is when? I already have a strong DCA and staking strategy. Sticking to it

>>51446339
If the APY is sufficient and the withdrawal period is good enough, then a reward in fiat is what I might just need

>>51443551
That's one really smart incentive that devs are adopting lately. Staking Spool, for example, gives you voSpool which is the governance token.

>>51443879
Can defi get any better than this? No greater feeling than knowing that you call the shots with your investments from the get go.

>>51446029
It's not rocket science to know that when tokens are staked for rewards, more users would be attracted to the staking pool, thereby reducing the supply and increasing its demand; if you were not being a blockhead in high school clas, you should know that this would automatically cause the price to move upwards. Retard

>>51446805
It's a great way to hodl USDC.