[ 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: 6 KB, 208x249, 1593877086446.jpg [View same] [iqdb] [saucenao] [google]
20939995 No.20939995 [Reply] [Original]

>global recession/depression
>people last ditch resort to throw their savings at crypto in an attempt to fix their financial situations

we made it boys

>> No.20940012

>>20939995
daily reminder that crypto is not a get rich quick scheme, but a hedge against the existing system (which incidentally is going full Hindenberg atm)

>> No.20940019

market cap not up faggot

>> No.20940025
File: 138 KB, 350x350, 1596130571616.png [View same] [iqdb] [saucenao] [google]
20940025

>>20939995
I just buried my meat inside your mother bro. We made it.

>> No.20940038

Didnt crypto tank in March when the stock market took a shit?

>> No.20940053
File: 197 KB, 774x850, 1595874312835.jpg [View same] [iqdb] [saucenao] [google]
20940053

>>20940012
This

>> No.20940067

>>20940038
we're decoupled now

>> No.20940070

priced in usd and usd is falling

>> No.20940073

>>20940038
Even gold and silver took a hit then though, so all the normal hedges against chaos lost to that.

>> No.20940095

>>20940012
Not disagreeing.

What's going to keep the lights on and keep the hardware mining/validating if the system goes to shit and the electrical grid evaporates?

>> No.20940105

>>20940067
>>20940038
also yes the USD has been going down while crypto and PMs go up.

>> No.20940106

>>20940067
Nah when the stock market takes it next leg down in the fall, so will crypto

>> No.20940165

>>20940095
That's true but what is any money worth in that situation, as opposed to goods in hand.