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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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19342389 No.19342389 [Reply] [Original]

I thought we are going up now

>> No.19342399
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19342399

Anyone can make a stupid prediction on here

>> No.19342470

>>19342389
We are. Nominally. Real value isn't changing, but money printer go brrrrrrrr. And all those excess USD are dumping the USD price relative to everything. Burgers just aren't used to rapid inflation.

Just remember, you've watched wealth move from coin to coin on this board for how long? And USD is a 'coin' with absolutely mindbogglingly shit fundamentals.

Just give yourself the USD pitch:
>HEY GUYS! GET INTO THIS FAST! A brand new coin called USD is distributed by a TRUSTED private organization with sole oversight from it's biggest partner, a TRUSTED government. But THAT'S NOT ALL! Staking nodes are free to loan out MORE tokens than they stake! LOTS MORE! In fact, the reserve requirement to make loans is 0%, so if you're able to stake enough to be a node, you can make UNLIMITED GAINS!!!!!!

Would you buy a "suicide stack" of that coin?

>> No.19342514

>>19342389
It all comes down to this: lots of people on /biz/ and in real life think that as we open up lockdowns, we will NOT see the death curve spike back up.
I’m pretty sure that it will, but without getting into that, just assume for the sake of argument that it does. The question is then how surprised the market will be by this. If they are like /biz/ they will be very surprised indeed, which implies such an eventuality has not been fully priced in.
So, either
1) deaths won’t spike again, /biz/ is right and the market is on a golden bull run. I hold this scenario as the least likely one.
2) deaths do spike again, the market has expected this but did not pass on the opportunity to take all of /biz/ money in the dead cat bounce, though a big crash is coming. The most likely alternative in my book.
3) deaths do spike again, and this surprises the markets as much as /biz/, with a gigantic panic crash as a result. Unlikely, but more likely than 1)

So in summary it is likely a big crash is coming, because deaths are bound to spike again as we reopen and smart money and/or retail may have underestimated the risk for this.

>> No.19342569

>>19342399
why don't you have one then?

>> No.19342766

>>19342470
This. There's one thing you left out though. The only reason anyone uses it now is the US military will kill you if you don't use it. So, imagine all those absolute shitcoin fundamentals, except Justin Sun will grenade your family if you don't get a bag. That's USD.

>> No.19342812

>>19342514
dude there's not going to be another covid panic like there was in march, we've already dealt with this shit for months. more people in nursing homes dying isn't going to cause the stock market to crash. they're actually a drain on the economy.

>> No.19343489

>>19342766
FACTS

>> No.19344187

>>19342812
I think you are on to something here