[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 162 KB, 1600x1309, 1584575542172.jpg [View same] [iqdb] [saucenao] [google]
17987848 No.17987848 [Reply] [Original]

So why isn't bitcoin shooting up in value during the recession?

>> No.17987872

Because everyone's losing their jobs and they need fiat to pay bills and buy food

>> No.17987876

Bitcoin has become sanitized. It is not a hedge against the market. It IS the market. Sold and won’t be coming back. It’s over

>> No.17987924

>>17987848
because the entire board got memed on, see you at the next meme trend bullrun kiddo

>> No.17988015

>>17987848
Look at gold during previous recessions - it takes a big dip for a few months then takes off. I'm betting BTC does the same. Plus with the halving coming up - I added to my stack at 5k.

>> No.17988038

>>17988015

Same, my stack is pathetic though. I’m hoping for one more big dip so I can try to join the 2.1 BTC club

>> No.17988103

>>17988015
Nobody, and i mean NOBODY, is flocking to bitcoin or crypto right now

>> No.17988124

because shitcoins are a joke

>> No.17989020

>>17987848
Because it's not a store of value. It's a literal ponzischeme.

Cryptofags lied to you lol

>> No.17989070
File: 665 KB, 1280x720, 1584398485201.png [View same] [iqdb] [saucenao] [google]
17989070

Turbo lag on the brrrrrrr machine. Give it a bit.

>> No.17989092

>>17988038
Lol what is the 2.1 bitcoin club?