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/biz/ - Business & Finance

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17291907 No.17291907 [Reply] [Original]

RECESSION MUST HIT TO PUMP MY CRYPTO BAGS

>> No.17291917
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17291917

>soon.

>> No.17291919

>>17291907
If a recession hits people usually decrease risk. Crypto may be one of the riskiest "buy" type investments there is. You're even better off doing sports betting dude.

>> No.17291935

>>17291919
crypto yes, bitcoin no

>> No.17291962

>>17291919
only intelligent post i've read on /biz/ all day

>> No.17292000

>>17291919
>>17291962
these idiots are the weak hands we still have to get rid of. mark their ip, as long as they are here we wont go to new ath.

>> No.17292013

>>17292000
trips confirms the truth

>> No.17292034

>>17292000
Go ahead and create a recession then. Get all your crypto buddies to do it. I bet you wouldn't even know where to start.

Realistically you'd be better off getting people to sell and averaging down by outflowing negative news. Once the price drops enough or bottoms out, hype it up and create positive perception of it. People don't generally buy if they think it's a bad idea. Usually the opposite. What makes the price go up or down is not money, but belief or perception. That is the source and the main drivers of your cryptocurrencies. I should have not told you that but I don't think more than 82% of posters on here actually have a clue as to what they're actually doing, or how to do it effectively.

>> No.17292067

>>17292034
you risk managers may have other options to make it. the truth most people will come to is that crypto is literally the only thing that will protect them from the ongoing systematic robbery of those in charge. it will take a few more trigger events like greece or cyprus.

>> No.17292070

>>17291919
Low iq
Fiat printing is common knowledge these days
Remember the iran crisis pump

>> No.17292084
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17292084

>>17292034
>Go ahead and create a recession then.
????
>People don't generally buy if they think it's a bad idea. Usually the opposite. What makes the price go up or down is not money, but belief or perception.
Wow do you mean its just like every other speculative asset to ever exist? That's crazy dude, I thought people only bought what they thought would for sure lose them money. Thank you for this

>> No.17292238

>>17292067
Why would you trust someone else with capital during a recession. I don't mean that in a binary sense but crypto of all things. Not FDIC insured, not backed by anything other than some servers. What about platform solvency etc? Crypto dissolution?

>> No.17292343

>>17292238
I dont know, maybe the system did such a bad job in literally failing in 2008 that I trust a decentralized protocol more?
you think these worthless securities that would have collapsed the system and thatbl are held on central banks balance sheets at face value are ok? how long will it take to inflate all this debt away if the same people and the same policies that caused the failure in the first place are still here and recently switched back to inflating it further? and what will happen to a decentralized digital ledger that just works while they need some more decades to inflate their failure away? bitcoin just has to continue working thats all.

>> No.17292415

>>17292343

2008 crisis had nothing to do with and was not caused by monetary policy or QE; in fact, QE was started to help stimulate the economy when lowering interest rates weren't enough...

>> No.17292611

>>17292343
Tomorrow the government could make bitcoin illegal. You lose. No reimbursement, nothing. All of it gone. Minimal exposure seems to be the ideal scenario for crypto, if any exposure at all. In fact I'd guess that penny stocks would be more attractive. But I think the truth is, most crypto traders are lazy.

You see, buying stocks requires various calculations, measurements, you need to look at 10-Ks, leadership, economic drivers, the list goes on. That takes work. Crypto kids don't seem to like that and pay the price. In fact I think it'd be important to see who the winners are in crypto vs losers, and compare that with lottery tickets, in terms of cost per chance to win x amount of dollars. Numerically speaking you are literally more likely to win on sports betting.

Quantitative aside, regulations WERE implemented after the 2008 crisis, and the banks were bailed out because they owed too much because of their insane around of risk they ran due to leveraging. Add that in with the supposed "inaccurate" credit ratings of loans in MBSes and all of the other stuff going on, that's what caused a lot if the problems.

The fact that you seemed not to even know about the regulations imposed I think says a lot about your financial ability and understanding. I think it's safe to say that now due to said regulations, the system is actually pretty healthy. Is it good? Well, the people that run it don't seem that way, and that's where the problem lies. What makes you think your high risk low probability of reward cryptos are any better? I could go on and on but realistically, as someone who cares for another person, you need more understanding on the subject if you consider crypto any form of hedge.

>> No.17292674

>>17292611

they are betting on the end of fiat money and transition back to gold standard, but with crypto which is an absurd long shot bet

in reality 99% are betting on their particular shitcoin being hyped up or "adopted" by company X so they can magically exit at +10000%

I have to say though even though I more or less agree, you come across as very condescending... no need to make a baseless claim comparing sports betting and lottery to crypto speculation just to illustrate your point... like 90% of this board are desperate shitcoin retards trying to hop on the next bandwagon.

>> No.17292705

>>17292674
Quantitative makes it based though. I'm just trying to point out some very relevant issues. If that means people stop giving money away, even just one person, it was worth something in the end.

>> No.17292846

>>17291919
Based and rational pilled

>> No.17293030

>>17292611
>>17292674
so are you telling me I should sell my crypto now and buy stocks?

>> No.17293132
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17293132

>>17292611
Based and pseudpilled.

The core issue is the very capability of the gov to print money. The real problem was never resolved and is still reflected in the bonds being a guaranteed good investment and inflation. This is the very same thing that helped destroy Rome, the pleb dole backed by inflated coin.

>muh inflation to prevent hoarding

QE did not fix the recession, because of liquidity traps. The recession got fixed because people noticed the government was intervening. It was sentiment, not monetary supply, that fixed things. Keynes was right.

But say you do believe Friedman and the monetarists, then a crypto inflated Fed currency that distibutes printed money equally to the masses will be seen as inherently fairer than distributing it to big banks and bond hoarders.

Crypto is the future. All the stock calculations will follow once it becomes big enough to support the large industries.

>> No.17293161

>>17293132
>then a crypto inflated Fed currency that distibutes printed money equally to the masses will be seen as inherently fairer than distributing it to big banks and bond hoarders.
Note that this realizes Friedman's ideal of helicopter money. Crypto makes it a plausible reality. But again, government-backed projects are a far better stimulus to provide jobs and positive sentiment back to the market, imo.

Either way it's win-win for crypto.

>> No.17293276

>>17293132

>The recession got fixed because people noticed the government was intervening. It was sentiment, not monetary supply, that fixed things.

You are partially right - monetary supply and liquidity were definitely an issue that is why the Fed stepped in - to provide liquidity to the markets.

Besides the dismissal of monetary supply, the quote is pretty on point. Sentiment had a big effect then and had a big effect recently if you've been following the Fed since Powell came in. But so what? That's also supposed to be a point of QE, and to a point monetary policy in general - to stimulate investor confidence and get people back in the market.

>>17293161

you are talking about Universal Basic Income

>> No.17293305

>>17293030

why do you currently own the crypto you have?

if you're not going to sell it now, at what price will you sell it at and why? What makes you think it will reach that price in the future? What will have to happen for that price change to take place? And what are the chances that will happen?

>> No.17293327

>>17293276
>That's also supposed to be a point of QE, and to a point monetary policy in general - to stimulate investor confidence and get people back in the market.
sounds like shittoken economic lol

>> No.17293791

>>17293327

in a very crude sort of way, yes. You have to understand that quantitative easing was basically created post 2008 crisis, it did not exist before. It was considered a radical idea then, and even now it is still viewed in a very negative light. We still don't know what the consequences are.

>> No.17293988

>>17293276
>you are talking about Universal Basic Income
Not at all, I'm talking about a crypto that inflates only during recession times. Could be tied to GDPs and stock indices.
UBI is a retarded idea.

>> No.17294279

>>17292084
No need to be rude because you disagree with a guy. He made a good point.

>> No.17294370

>>17293988

would you be in favor of UBI if it replaced existing means tested transfers (as Mankiw supports)

>> No.17294390

>>17291907
>recession hits
>people start losing real money
>he thinks they will buy useless crypto

>> No.17294775

>>17294390
good luck trying to forclose peoples bitcoin

>> No.17294851

>>17294775

you're suggesting people will en masse sell their houses to buyers that want to take on shit mortgages so that they can buy bitcoin and..... do what exactly with it.....? Buy ETH while they live and starve on the streets?

>> No.17294948

>>17294851
bro you take this all a bit too seriously here. but yes I actually think that people will declare bankrupcy while holding crypto.

>> No.17295637

>>17291907
Recession is a thing of the past, with the new government policies it will never ever occur in U.S.
screencap this.