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/biz/ - Business & Finance


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22461116 No.22461116 [Reply] [Original] [archived.moe]

Is this true bros? Should I sell everything?

>> No.22461207

Sell? No, buy more after the dip

>> No.22461338

>>22461116
Thats when you load the fuck up. Fuck those niggers anyway, they always miscall every single play even while and after its happened.

>> No.22461350

>>22461116
I got 5k on the side waiting to get 10xed at a crash like the one of March.

P L E A S E

>> No.22461370

>>22461116
zzzzz... these doomsayers have been saying this shit since the 2008 crash. opinion discarded

>> No.22461375

>>22461338
>they always miscall every single play even while and after its happened.
I know this is true but
>"I don't care what age you are, but particularly if you're over 30 or 40, you will never see a high this high again in real estate or stocks, you will lose almost all your financial assets and they'll come back much more slowly."
makes me worried.

>> No.22461397

>>22461116
Not a single economic indicator plunged by more than 45% during the Depression. I don't say that to make light of such a catastrophe, just to show that this "market expert" doesn't have a clue
Trading expertise doesn't equate to having a grasp of economic history

>> No.22461424

Economists have predicted 100 out of the last 5 crashes..

>> No.22461443

>>22461116
Oh please. If there was a stock market crash incoming, there would be signs in the debt market. The debt market is stable, btfd

>> No.22461515

>>22461116
>clickbait title

DRNS

>> No.22461642

Yes. It is absolutely coming.
Every single government is MASSIVELY in debt, to an unsustainable level
Consumers are in debt to an unsustainable level

30 million Americans are unemployed and we are still in a stock bubble - the bubble officially started popping September 1 when the Tesla crash started - it has only just begun.

Congress isn't going to pass a stimulus until after the November elections, as they'll be looking at July / August unemployment numbers and think that it's unnecessary to do so / bipartisan compromise will never happen going into this presidential election.. Little does Congress realize that a stimulus was priced in, and when it doesn't occur, the market is going to absolutely shit the bed, just like March

The music is going to stop playing soon..

>> No.22461687

>>22461642
We already saw the yield curve invert one year ago - in other words, this economic crisis was already coming with or without coronavirus; coronavirus is going to make it 10x worse

>> No.22461726

>>22461687
>>22461642
We will probably see a currency reset within the next 2 years

>> No.22461742

>>22461687
The banks also learned literally nothing from the 2008 crisis - bank behavior did not change whatsoever

>> No.22461748

>>22461726
This is so bullish for crypto

>> No.22461766

>>22461424
based boom humor poster

>> No.22461769

>>22461687
Exactly as the Chinese planned. Why would a mild pandemic suddenly happen the year the US was gearing up for another end to the financial cycle? They saw fire and threw accelerant on it.

>> No.22461772

>>22461748
you mean gold. your crypto will be worthless

>> No.22461792

>>22461772
>you mean gold. your crypto will be worthless
oh yeah let me just make instant transactions with gold across the globe. you know you can have both right?

>> No.22461794

>>22461772
Yes we'll be trading gold coins.

>> No.22461807

>>22461642
>Every single government is MASSIVELY in debt
They have always been in debt. You need debt to create money. Every Dollar has assigned debt to it.

>> No.22461838

>>22461794
well know, we'll be trading junk silver or copper, unless you're buying homes or land.

>> No.22461893

>>22461792
>>22461748
During a MAJOR economic crisis, people are not looking to put money into what they see as a risky asset (crypto)

Imagine you're a boomer whose portfolio just lost 20% of it's value in 2 weeks - are you really going to liquidate your portfolio to buy an asset that you don't understand whatsoever?

Imo, there will be a currency reset, the new currency will be crypto, but it will be backed by precious metals

>> No.22461922
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22461922

>>22461807
And for that debt to have value it needs to be bought, and you only buy debt for the return you get on interest. That is a bond. If the interest on the debt doesn't exceed the rate of currency debasement, no one wants to buy it. It's a depreciating asset.

The 70 year Fiat bullrun is coming to an end.

>> No.22461960
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22461960

>>22461807
This is so beyond false and misguided that I don't even know where to begin.

What you need to look at Anon is debt to GDP ratios & their historical levels

It's also like you have zero understanding of the debt cycle

https://www.bbc.com/news/business-54126226

>> No.22461964

>>22461726
What is a currency reset? You talking a 1:1 exchange rate in forex terms?

>> No.22461990

>>22461893
>Imo, there will be a currency reset, the new currency will be crypto, but it will be backed by precious metals
this

>> No.22462026

>>22461964
When the jews make a new currency for you and cancel all debts.

>> No.22462060

there are actual people here that believe we will go back to PM backed currencies
LMFAO

>> No.22462121

>>22462060
You will not be laughing in 2 years, and you will be beating yourself up for missing all the massive warning signs & thousands of /biz/ posters

>> No.22462138

>repeat of great depression
>selling for useless debt "money"
pick one

>> No.22462196

>>22462060
I believe the ultra-wealthy and Pension funds(which consist of mostly bonds) will be moving more and more of their worth into PMs as they start losing money from holding things that depreciate yes. Whether governments consider going back to a PM currency(which was only 49 years ago) I doubt. Probably will jump straight to Fedcoin, but I don't care what they legally designate as valid currency, but what people will want to store their wealth in as MONEY and SAVINGS.

>> No.22462224

>>22461742
Why would it change? Didn’t your government bail them out?

>> No.22462245
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22462245

So then I shouldn't sell because the dollar will turn to shoot? The markets are not looking good right now.

>> No.22462248

>>22461375
>makes me worried
That's exactly what they want, goy.

>> No.22462256

Why sell? It will go down 100% but up 200% right after. So problem?

>> No.22462280

>>22462121
I don’t think (((they))) want it backed by anything.
It will just be fiat 2.0, in a digital format that they have control over the printing. Kinda like Tether, backed by nothing, but people think it has value so their scam keeps going on.

>> No.22462318

well the biggest problem so far is just how many people are invested in index funds, employer 401ks - all of these passive investments vehicles that not actively being managed. These investments are set to just "buy" without any real foresight.

Pretty scary considering that active managers have noticed this.

>> No.22462376

>>22462121
>>22462196
you keep forgetting that humans are more reliant on greed than on common sense, otherwise things like these would never occur.
pms are old and outdated and people who would seriously consider them are losing footing in the market
a new "solution" will be proposed kinda like what this guy says>>22462280

>> No.22462400

>>22462318
Somebody needs to provide the liquidity for billionaires to doooomp

>> No.22462422

>>22461116
Definitely prep for a crash after the elections

>> No.22462444

>>22461116
every year a new financial fag comes on the headline and predicts a crash. eventually it will happen no doubt about that but everybody is predicting it for years already.

>> No.22462451

>>22461748
Gold you stupid idiot, not crypto.

>> No.22462455

>>22462376
>and people who would seriously consider them
Tell me who you think these people are, and their networth. I don't think you have a clue about the people and institutions who have been buying PMs hand over fist since 2008.

>> No.22462459

>>22462376
>>22462280
So is this the end? Is history over and the new age of the elite breakaway civilisation armed with AI/cybernetics/bio-engineering here to rule over the human cattle-class for the remainder of humanity's existence?

>> No.22462615

>>22461424
lmao. It's another way of stopping laymen from investing

>> No.22462717

>>22462459
They’re literally saying the fourth industrial revolution is coming, I don’t think Chainlink or XRP is gonna bring it though as the schizos around here, but it’s coming.

https://www.weforum.org/great-reset/

>> No.22462785

>>22461893
Cant wait to buy a fuckin house for 50 LINK (no correlating dollar value)

>> No.22462803

>>22461116
No. The Fed hasn't even gone full retard yet. They still have the power to pump the shit out of the economy but have been holding back. I can guarantee that at the first sign of trouble they're going to start making moves again.

>> No.22462816
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22462816

>>22461807
>You need debt to create money

Imagine actually believing you need debt for anything whatsoever.

>> No.22462834

>>22462717
LMAO, we're not gonna see any kind of technology revolution for a very long time. We are maxed the fuck out on new tech ideas so much that people like Elon Musk come out of the fucking woodwork just to be worshiped like some kind of Steve Jobs.

>> No.22462858

>>22461687
I have like 50k usd cash. Don't ask why. Is that a good thing in a crash?

>> No.22462859

>>22462816
It has been the case for literally 5000 years.
Debts came before money, then became the money.

>> No.22462895
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22462895

>>22461116
80-90% lmao

>> No.22462913

>>22461116
Yes, it is absolutely true. BUT you could read the exact same stuff easily 10 years ago and how dumb would you feel having sold then or staying out of stocks because you're afraid it's gonna crash. The only really dumb thing to do is to not play the game.

>> No.22462929

>>22462834
It’s not that, just read about what the fourth industrial revolution is about.
Here, literal boomer trying to make sense of the great reset post by World economic forum

https://www.youtube.com/watch?v=1xO723gH7Go

He doesn’t know about the other side of puzzle i.e tech, but he breaks down the economic aspect pretty good.

>> No.22462931
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22462931

>>22462859
>You need debt goy, just trust me. Nothing will work unless you take out a loan!

>> No.22462940

>>22462245
If dollar drops you want to stay in equities or move over to gold/silver.The last thing you want is to be in cash in that scenario.

>> No.22462947

>>22462858
At first yes, because you'll be able to buy assets for cheap - 'buy when there is blood in the streets'

However if you don't buy the bottom, and there is a currency reset, you will not be happy you only have dollars

Definitely better to be in dollars than stocks at this exact moment

>> No.22462970

>>22462947
>Definitely better to be in dollars than stocks at this exact moment
Thanks. Isn't it also better to be out if crypto too then? Since it largely follows stock movements?

>> No.22462975

there's litterally no way we're crashing 80%.
We might correct at some point but that guy is clearly out of his mind.
if you are nervous then hedge like a madman but dont sit in cash, it's garbage.

>> No.22462979
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22462979

>>22461769
So you submit the chinks nuked themselves in the foot by having terribly shitty controls on their bioweapons program and accidentally released an infectious agent into their own population accidentally on purpose?

>> No.22463006

when tesla and apple had stock split... that was a bullish signal. if you cant tell then you don't deserve to make money

>> No.22463049

>>22462970
Probably - it's hard to say

Some institutions & wealthy individuals are using bitcoin as a hedge, similar to how people buy gold & silver; it's possible that bitcoin will rise during an overall bearish market, but imo it's very unlikely to take off if there is this major collapse that everyone is expecting

I would say with 99% certainty that alt-coins will shit the bed regardless - people aren't looking to invest in alt-coins during tight times (and they will 200% shit the bed if bitcoin goes under, of course)

I would say probably better to be out of crypto at the moment too, but it's definitely a better option atm than to be in stocks

Precious metals > Cash > Crypto > Stocks
(atm)

>> No.22463071
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22463071

>>22461375
>people in their 30s having meaningful assets besides trustfunders

This isn't 1980 anymore.

>> No.22463085

yes goy do NOT buy in fact you need to SELL SELL SELL right now
surely inflation will not cause the largest "gains" of the past 2 centuries leaving your cash basically worthless NOPE that will NEVER happen you can trust me

>> No.22463093

>>22461116
Huge buy signal then.

>> No.22463105
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22463105

>>22461642
>tesla crash
>bubble popped

Or it could be because september is the end of the third quarter and people always cash out their profits, just like how 3 months ago the market declined because it was the end of the second quarter. Faggot.

>> No.22463124

good job gobbling up that jewish fear propaganda you fucking monkey brains

>> No.22463137

>>22461207

Are hodlers actually this retarded?

>> No.22463160
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22463160

>>22463105
This is you

>> No.22463164

There have not been many economic catastrophes after the inception of Bitcoin, although you can find several examples where the demand for BTC grew considerably during them. Cryptocurrency has more utility and intrinsic value than gold. So tell me again by what logic is this not bullish for crypto -- just because it's risky? Everything is risky by that point anyway and if there is no working monetary systems, why would you not resort to crypto? Crypto solves the problems that brought us to the recession in the first case and it will initially crash alongside stocks in sheer panic, but I think it will be the first to recover. A breaking point has to occur when cryptocurrencies become mainstream with all necessary criteria aligned and if this is not the scenario I wouldn't know what would be. Gold will become obsolete as a store of value although not this time around. If this crash happens it will be the first one to show how useless it is in comparison. So my prediction is that gold will crash the least but crypto recover the fastest in correlation with gold's decline.

>> No.22463169

>>22462717
So even if you hold gold and silver or other metals (which have intrinsic value in their application for technology at the foundation of the "4th industrial revolution") they'll probably just take it by force, immediately after they legalize those methods, correct?

>> No.22463176
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22463176

>>22461807

>> No.22463231

If everything goes down 90% the few puts i have as a hedge print so hard ill be fucking happy and buy that mother of all dips

>> No.22463243

>>22463124
You're just as dumb if you blindly believe the opposite of whatever the news says is the truth

Use your brain if you have one

>> No.22463287

>>22461642
deluded doomsdayer permabears always shill this scenario 24/7/365 year after year. they are always wrong. most of them are just poor losers desperately praying for a crash so that everyone else will become as poor as them.

>> No.22463298

>>22463160
I can prove over a 5 year period that the end of quarter always has a sell-off just by looking at the actual accumulated data, all you can do is post retarded articles about how the next recession is imminent.

>> No.22463307

>>22461742
They learned to take every high risk high reward chance because should they fuck up theyll just get more money from the gov

>> No.22463341

>>22461893
Imagine that you're a boomer, someone who mostly ask others to deal with your money and pay them for it because you have no agency, and you won't be desperately trying to find someone who can offer you solutions when everything seems devastated - for only a small fee.

>> No.22463351

>>22463164
>Cryptocurrency has more utility and intrinsic value than gold.
As far as bitcoin is concerned it's just another fiat currency. It is replaceable as it has no intrinsic value. You could make "Bitcoin 2.0" that is exactly like bitcoin but maybe with some superficial difference to distinguish it. It would be equally valuable, even more so if it was capable of a greater number of transactions per second. But ultimately it's just a temporary medium of exchange that is supported through broad consensus alone. It has no physical backing. In contrast, you can't make a Gold 2.0, or a silver 2.0. Those elements simply exist, and have a limited quantity like any other commodity, but gold has physical properties that ensure that every milligram you hold maintains it's potential utility for thousands if not millions of year. If an alien civilisation came to Earth (or if human civilisation explored another planet), what do you think they would want to trade, physical materials, be they gold, or simply hydrogen and oxygen, or bitcoin?

>> No.22463358
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22463358

>>22463105

>> No.22463363

Think japanification and add in 10 mini crashes, it's even worse than one massive deflationary event. It's decades-long torture rather than one big tragedy.

>> No.22463376

In a scenario with a 90% market crash we would have other problems than the stock market itself.
Basically the entire civilization had to end and I still don't think we would see such a market crash

>> No.22463409
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22463409

>>22463298
>>22463358
Totally natural quarterly sell-off right?
Nothing to do with coronavirus right?

>> No.22463422

yet another post about doomsday that will never happen, boring.

>> No.22463423

>>22463358
Anon was referring to the June dip. Not the corona chan tantrum.

>> No.22463449

>>22462400
This guy got it

>> No.22463467

Anon still thinks people would panic sell because of a virus that has been shown to be not exceptionally deadly, just super annoying. FUD is not strong enough for covid anymore. Small dip will happen, thats all. Nothing like in March.

>> No.22463526

>>22461893
>there will be a currency reset, the new currency will be crypto, but it will be backed by precious metals
Which one? XRP?

>> No.22463548

>>22463351
>If an alien civilisation came to Earth (or if human civilisation explored another planet), what do you think they would want to trade, physical materials, be they gold, or simply hydrogen and oxygen, or bitcoin?
Why is that important?
What if I ask if digital aliens come to earth what would they want?

>> No.22463609

To all the Anon's here laughing at this 'FUD' article, thinking "A huge crash will never happen"
I IMPLORE you to do research into these topics:

>Yield curve inversion in 2019
>Long-term debt cycle
>Debt to GDP ratio history
>International shadow banking / interbank lending
>Global debt

We are going into the second wave of coronavirus, which is going to be 5-10x worse than Round 1. It is now everywhere - supply chains are seeing MASSIVE disruptions; bankruptcies are going to start piling in very soon. When these occur, there is going to be a MAJOR liquidity crisis / we're going to see bank failures.

I implore you to not just have your blinders on thinking that it's impossible
We are in very different times than before

You have been warned

>> No.22463638

Tesla down 50%
Apple down 20%
Micro down 13%
Amazon down 15%
Netflix down 15%

Jej, the Jews are literally picking the pockets out of normies

>> No.22463663

>>22461116
>Business Insider
>something that's not an SJW rag
pick one

>> No.22463675

>>22463376
Civilization doesn’t need to end to get 90% market crash shithue

>> No.22463731

>>22463609
>what is MMT
Read up, room temp IQ

>> No.22463768

why is everyone panicking the futures market is green

>> No.22463774

>>22463006
You probably think there is a difference between buying before and after AMPL rebase as well.

>> No.22463819

>>22463548
It was used to illustrate the idea of intrinsic value, the value of different physical elements which are found with similar scarcity throughout the universe irrespective of your your species. Even if humanity went extinct in favour of some new robot race (not saying this will happen) what do they need to reproduce/repair themselves? Copper, silicon gold, etc.
>Digital aliens
Without going into what that might mean, understand that the physical infrastructure that supports the global communications network is built upon metals. Even living organisms exist in a (relatively) closed loop recycling the same carbon, oxygen, hydrogen, nitrogen, iron, molybdenum, etc.
I'm not saying there isn't a utility in bitcoin, and blockchain technology on the whole is revolutionary and valuable, but the statement that one particular cryptocurrency has "more intrinsic value than gold" is simply not true.

>> No.22464011

>>22463351
It's not fiat because the behavior that governs crypto is in the code, it's predictable (apart from value), transparent and its telos is not up to the whims of the governments and bankers. The intrinsic value of crypto is the system per se. Saying that it has to be physical or tangible has no meaning, a blockchain is created - the blocks on it are just as real as gold as we can view the limited amount it in the code. BTC is the most established one and no one would ever go for the alledged 2.0, there is only one BTC and it can be verified via code. If you don't agree, it would be like saying it be just as valuable to have a perfect copy of a famous expensive painting than having the original painting and proof to back it up.

If aliens came along I'd rather invest in gold than BTC, I'll give you that. But the state of financial collapse and extra-terrestrial visitors are not the same. During a financial collapse, there is a demand for quick recoveries and social consensus models (for humans). Transparent systems like blockchains can already offer that with ease. Gold has no inherent properties like blocks on the blockchain to make it suitable as a store of value. Gold is good for conducting electricity and is pretty in jewelry, that's about it.

>> No.22464223

>>22463137
>lol bro you can't even tell the future? trust me just sell everything first then buy the 80% dip!

>> No.22464368

>>22463351
>As far as gold is concerned it's just another fiat currency. It is replaceable as it has no intrinsic value. You could make "silver" that is almost exactly like gold but maybe with some more industrial utility to distinguish it. It would be equally valuable, even more so if it was capable of a greater number of production applications. But ultimately it's just a temporary medium of exchange that is supported through broad consensus alone. It just has physical backing. In contrast, you can't make a Bitcoin 2.0, or an Ethereum 2.0. Those currencies simply exist, and have a limited quantity like any other commodity, but bitcoin has cryptographic properties that ensure that every satoshi you hold maintains it's potential utility for thousands if not millions of year. If an alien civilisation came to Earth (or if human civilisation explored another planet), what do you think they would want to trade, clunky physical materials, be they gold, or simply hydrogen and oxygen, or bitcoin, available instantly globally?
jokes aside gold is just more established because of longer history, it’s industrial utility is a meme. both gold and btc only have their value in humans agreeing on it. both are scarce limited resource that cost money to enter circulation. the only difference is that btc can be transferred globally a lot faster and cheaper.

>> No.22464407

>>22463409
>March 2020 was about wuflu
Get out normie

>> No.22464418

>>22463638
>Tesla down 50%
You mean 15%? Cope

>> No.22464441

>>22464407
Please, enlighten us, why was there the selloff in March, according to you?

>> No.22464458

>>22464011
I'm not trying to FUD BTC here. I get that it is real, and I fully agree that it is an excellent currency when measured against the centralised currencies like USD, JPY, etc. Crypto shares an advantage that these traditional fiat currencies also have over gold in that it can be sent anywhere in the world rapidly, which is simply not the case for a gold coin/bar.
The analogy with the painting is a good one in the sense that it's true that people would rather own a piece of the original, rather than a replica. That's part of human nature. The problem is this analogy also discredits bitcoin since the appreciation of the painting is totally subjective, and if someone was unaware that they were looking at a replica, they would enjoy it as much as the original. Bitcoin is better than the Mona Lisa in the sense that if someone made a replica bitcoin, it wouldn't have the same value unless people decided to transact on it for some reason.
The second paragraph you wrote I mostly agree with, however:
>Gold has no inherent properties like blocks on the blockchain to make it suitable as a store of value
Gold has already proven that it has inherent properties to be a long term store of value for several thousand years. Those properties haven't changed.
>Gold is good for conducting electricity and is pretty in jewelry, that's about it.
The fact that gold is so good at conducting electricity already makes it intrinsically valuable, even in the context of a world where bitcoin exists since the infrastructure need to mine a block is reliant on electronics that contain gold. Even more interesting is the fact that when gold was being traded thousands of years ago, or even a couple hundred years ago, no one even knew what electricity was. It is not unlikely that gold has future use cases that are currently unknown.

>> No.22464777

>>22463363
This.

I used to be a permabear fag and then realized after last March a crash will never happen as long as the Fed is there as a back stop. Even if the market shits the bed this month or next, it'll step in and add another 3 trillion to it's balance sheet. Shit will all of a sudden cost 20-30% more at the grocery store and the gears will keep on spinning. Eventually we will enter a situation like Venezuela where Dow Jones goes to 50k we're all millionaires and none of us can wipe the shit off our asses. Hard goods will become harder to get, but you'll have a ton of worthless money.

>> No.22464792

>>22464368
Sorry in advance for shitting up the thread with so many replies.

The feature bitcoin has make it a great currency in the same way that the features of gold made it a great currency. They are both certainly more sound than what is printed at the whim of central bankers. I'm just arguing that the idea that gold as money being a thing of the past is not necessarily the case. There's no need for bitcoin to "win" over gold or vice versa. They can both coexist as they fulfill slightly different roles. My one concern with bitcoin is the integrity of its "uniqueness". Other than that there is a very strong case for bitcoin and cryptocurrency in general, and no reason to completely avoid it as an asset.
I get that arguments defending gold are usually perceived as FUDing bitcoin, and bitcoin maximalists often (but not always) have a fanatical hatred for gold. Just hold both. They're clearly better than the dollar/euro/yuan etc.

>> No.22464851

>>22463609
>Liquidity crisis
>Muh bank run

This is why (((they))) want to go cashless. It's hard for a bank run to occur when everything is digital. Look how long Deutsche Bank has lasted? How many threads have their been saying it's about to go bankrupt in the last 5 years. It still hasn't.

>> No.22464925

>>22461116
Every year they say that

>> No.22464937

>>22462895
This

>> No.22464942

>>22461375

>you will lose almost all your financial assets

There will be a correction of the value of assets. If you bought in at the top, yes. If you rode the wave, no.

>if you're over 30 or 40, you will never see a high this high again in real estate or stocks

That's horseshit. This country runs on 20 year boom bust cycles.

>80% - 90% correction

doesn't even make sense. That would return us to pre-1990's levels of economic activity - as in, pre-internet levels of economic activity. that's like saying that the Great depression reduced us to pre-industrial civilization. absolute bullshit.

>> No.22464947

>>22464851
and what triggered the liquidity crisis & bank run anon?? :^)

>> No.22465401

In short, the end of the debt cycle was signaled in Q4 2019. There is an insolvency issue not just at the Fed but also due to fractional reserve lending. There is more debt than there is currency in circulation. Majority of all incomes are used to service debt, and most of our economic growth has been artificially increased due to debt, not actual increases in production or sales. This is what leads to bubbles. Same reason housing prices continue to sky rocket, the lower interest rates have increased demand artificially. The problem here is that almost every sector of our economy is in a bubble because of this. The price to sales ratio on the stock market is unreasonable. The inflation incentivizes spending and investment, and now even in real numbers the stock market is over valued. So there are two components, one being inflation, and the other being the skew in objective valuation when accounted for in real numbers. We all know that the debt compounding has become so massive there are only two options which is to default, or to inflate the debt away. The Fed is of course going to inflate the debt away. You may think, “okay then I must park all of my money in the stock market.” However, do not forget the second component, which is the inaccurate valuations even after being adjusted for inflation. This means that there is a strong possibility for market corrections or crashes despite the Fed pumping money into the market. The price to sales is a big indicator. If no real economic progress is being made, production and sales stagnate, then is the current valuation reasonable? I would suggest looking at commodities, emerging markets, and precious metals for long term holds. Short term housing contractors will be good until Jan-Feb 2021. The mania in tech stocks may not subside for awhile, but at some point people will realize that they are over paying for an asset. GDP and actual production will reflect in the market price at some point, inflation aside.

>> No.22465463

A stock market crash essentially constitutes a (relative) moon in the value of cash. But cash is being printed at a ridiculous rate, so I don't see how that could even work.

>> No.22465737

>>22465463
The value of cash is not mooning. The dollar index shows the USD somewhat stable, but that only values the USD in comparison with other fiat currencies. Majority of countries are in a recession, and their central banks are using Quantative Easing the same as ours. If valued against hard assets the value would not be shown as stable. Inflation is one component, as I have mentioned. The additional component is the inaccurate valuations even when adjusted for inflation. So yes, part of the monetary increase in valuation is explained by inflation. That’s not the whole story, look out for the increase in monetary valuations that are unreasonable after being adjusted for inflation. You want to park your money in assets that are undervalued, not over valued.

>> No.22465809

>>22462895
Is that a spaghetti corn dog?

>> No.22465828

>>22461116
Use a fucking stop loss... if it goes down... you are good if it goes up....

>> No.22466258

no becuase now Govs can print thier way into eternal growth as far as Normington is concerned, with the bonus of never having to raise taxes.

>> No.22466303

>>22464792
appreciate your objectivity, i agree gold doesn't have to become obsolete to let btc thrive and I personally wouldn't want it, im not a maxi. it's just that with blockchain automation btc will have so much utility in DeFi as the "store of value" meme, its mind-blowing
>My one concern with bitcoin is the integrity of its "uniqueness"
I really don't see the concern here, there is literally only one true bitcoin, we know it, miners know it, governments know it. the more time passes the more clear it becomes. the copy paste era is gone and all the useless clones like BCH, BSV, LTC (ltc was actually used for faster payments for some time in the past, we have many alternatives now so it's useless all the same) that somehow survived that era are now being pushed out of top10, and will eventually die off, making space for projects that actually do something and are not trying to imitate/dilute bitcoin. in the future other coins won't compete with bitcoin, we'll be using BTC a collateral, as gold to cash during the gold standard times

>> No.22466315

>>22463049
How does that even makes sense, precious metal are so high up you can't make money anymore from it. I'd buy PM when things starting hitting the fan, but not atm.

>> No.22466328

>>22461642
>The music is going to stop playing soon
have you seen what tech does to the music though, it doesn't stop anymore. 10 Hour gigglypuff video.

https://www.youtube.com/watch?v=Y73kxcubDBE

now apply this to the fucking entire monetry system.

SOme random can make a 20 seconds into 10 hours and upload it for so service that host it for near free.

You think there is any possibility of the printers on going Brrrr whenever?

>> No.22466434

>>22465809
Nah it’s melted cheese. It’s like crack cocaine to Koreans. A 9/10 Korean bitch will suck you off for a Kraft single.

>> No.22466468

I have 0 cash. 400oz of silver, and 7,5k link. Am I gonna make it?

>> No.22466537

>>22466315
Thats when you are already to late. You, will join other normies, buying it when it is too late, proving you are also a normie.

>> No.22466766

so is it going to crash or no? do I put everything in gold??

>> No.22466980

>>22466766
It's not gonna crash now. You're ngmi with PMs right now, just be ready to buy it before shit goes down.

>> No.22467151

>>22464947
Lack of funds to fulfill consumer withdrawals. When customers lose confidence in the banks there is usually a bank run and banks don't have the funds because their loans go belly up and they don't have the reserves to fulfill customers demand for cash.

However, in 2020 banks have become stingy about doling out cash because of muh covid. Also everything is going digital. Absolutely with all the forebearances and small business bankruptcies there should be a wave of defaults for the banks that should put more stress on their system than 08, but their isn't. Why? They learned from 08 doing a wave of foreclosures is bad for business so now they just don't foreclose. As long as the Fed can toss them a lifeline and eat the bad mortgage they're fine.

>> No.22467310

>>22462615
This.
Zero hedge kept me from investing for like 5 years after 2012.
I kept believing everything was going to drop.
It did.
Conversely, when things were doing well, each article talked about how it was a suckers rally.
It’s important to temper your expectations of the market. Keep cash on the sidelines for major market changes (March for example).

>> No.22467356

>>22461116
The more you fud, the higher we soar

>> No.22467521

>>22463351
Gold's utility is like $7/oz. The rest of its markup is because people agree that it's worth that much. Same as fiat, bitcoin, or whatever.

>> No.22467727

>>22461207
>>22461116
HOW TO MAKE MONEY OFF SHORT?

>> No.22467767

please do sell. gives us dip buyers to make it further ahead. my tip on selling is if i only have 500 dollars of earnings left then its time to bail. then after the first rise ill start buying again. even if it was a false green day then ill just keep buying while it dips.

Note: that plan will only work with major companies that basically are like walmart.

>> No.22467866

>>22467521
Was waiting for this argument, as another anon had made a similar point in response to one of my posts.
Replace the word "gold" with "silver" in my previous posts and now we're talking about a metal that has the same history as money, if not a more substantial one compared to gold, and has significant industrial use rather than just sitting in a vault/around peoples fingers. Not a silver schizo (these guys are like the XRPers of PMs) but there's a strong case for owning silver as it's a hybrid between an industrial commodity and a financial instrument. Again, it's not as easily transferred as BTC, and as I said in my other posts I'm not knocking BTC, I'm just defending metals which are often described as archaic and not worth holding, which is not true based on the evidence available.

>> No.22467927

>>22467866
Well gold is 9times more rare. For each gold ounce they mine, they mine around 9oz of silver...

>> No.22467944

>>22467927
And over half of that is destroyed by industrial use.

>> No.22467974

>>22467927
>muh shiny rocks
what a fucking meme

>> No.22468073
File: 106 KB, 620x576, 1596522926163.jpg [View same] [iqdb] [saucenao] [google] [report]
22468073

>>22461893
guess what a crypto backed by pm would need faggot

>> No.22468117

>>22462717
There is literally a higher chance of XRP schizo retards being correct about the fucking end of days than for the "great reset with environmental and social justice and human dignity"

>> No.22468155

>>22462318
Oldfag here, index funds are fine and even in a severe depression they will bounce back. They always have and always will. You really cant go wrong with Vanguard Large cap...I do total US bond market too. Very boring, but over 20 years its more or less guaranteed 7%-12% percent returns. Crypto is my high risk high reward stuff. Stocks always bounce back on a long enough timeline. The only thing that would drop em to zero would be total societial collapse, and then only goods and hard skills would be worth anything anyway

>> No.22468211

>>22463105
what excuse are you going to make in the coming months?
>december: people are just taking profits for gifts
>january: people are just taking profits for new year travels
>february: people are just taking profits for chinese new year
>march: people are just taking profits for corona anniversary
???

>> No.22468215

>>22468073
>relies on eth gas fees
kek

>> No.22468258

>>22462803
How could they possibly do even more than what they're doing now?

>> No.22468333

>>22465401
Anon, this is a very argumented case. Not sure if I agree on everything, but do you have any related materials on the matter I could read?

>> No.22468379

>>22468215
Eth gas is a short term problem. In the longterm scaling will be solved. Possibly by arbitrum.

>>22468073
Fuck guys, im scared. Either we blow all of our gains away, or we are truly the part of the next financial elite. Any idea when whitepaper 2.0 is coming out?

>> No.22468409

>>22468379
It's not going to happen without more delays, that's why Polkadot is surging.

>> No.22468441

>>22465737
Is link undervalued or overvalued. But i agree with you 100%.

>> No.22468479

>>22468409
Then parking money in something that is blockchain agnostic is actually a pretty good idea. Lets say pkadot is seen as a superior solution. We couls just transfer linkies from eth to polkadot, while eth slowly dies off. Vitalik an heros.

>> No.22468959

>>22463609
There's not a second wave you worthless fearmongering poof. The first one never ended.

>> No.22468994

>>22468959
>arguing pointless semantics
how to spot a normie

>> No.22469052

>>22464942
>doesn't even make sense. That would return us to pre-1990's levels of economic activity - as in, pre-internet levels of economic activity. that's like saying that the Great depression reduced us to pre-industrial civilization. absolute bullshit.

I'll give you the fact that it doesn't make sense, but on the same token the stock market isn't the economy, nor the means of production. It's simply the modality which we use to allot capital to industry from investors with excess wealth. To assume it's impossible is fallacious, likelyhood isn't great, but if we're assuming market moves on probabilistic calculation a 7% drop should very rarely ever happen, but does with astounding frequency.

>> No.22469088

Lmao what a stupid shill post for PM. Gold and silver is for panzies. All real men need is BTC. Fuckin pussies

>> No.22469313

>>22465401
I'm concerned with the current velocity. M2V is at historic lows. Looking at the '08 era, it seems like the calculation is done in relationship to overall currency circulation, and with the largess of the stimulus applied I wonder if it's a proportional move or if it's signalling a serious hesitance in capital flows, generally. I'm also sure large sums of that money went directly into the pocketbooks of the inordinately wealthy which would also explain some degree of the slow movement. Depending on the level of herding I could see the massive influx of cashflows as a serious consideration going forward.

Insofar as your postulations on EMs: because the US is usually trade partner #1/#2 with just about every economy I've looked at I have to wonder if that's a good move. China is often paired with the US in either spot as well. I'm sure it's difficult to pin the nature of exchanges without a good deal of research, but to me it seems like it's most liable to be commercial exchanges between EMs and CN with consumer products being either finished in, let's say South Korea, or components purchased from SK to assemble in CN - in either case with the greatest consumer demand being pulled by the US. With stifled demand in the long term from the US, are EMs going to be able to manage their demand curves?

Do you know of any market failure modes that are similar to the one we're seeing right now? I've not heard much in the way of Keynesian failures.

>> No.22469504
File: 573 KB, 800x969, 1598633619611.jpg [View same] [iqdb] [saucenao] [google] [report]
22469504

>>22461375
>you will lose almost all your financial assets and they'll come back much more slowly
BURN IT TO THE GROUND. Boomers have sat on assets with their fat assesfor decades, while people in their 20s and 30s live on scraps, no savings possible, rent eats your check. BURN THE BOOMERS. Stocks and real estate losing 70-90% value is the only chance for the current generations to enter the market and escape hell.

>> No.22469666

Last time I saw articles like this posted was late 2016/early 2017

>> No.22469698

You forget how many retirement mutal funds are tied into the stock market, if they crash it, boomers will lose thier shit. Its not going to happen, you see how their first priority was to stabalize stonks @ day 1 of corona. Its not gonna happen, buy the dip pussys.

>> No.22469833

>>22469698
Retirement funds are one of the main conponents of this circle jerk ponzi scheme to keep wagies hard at work for 50 years, if you crash thier future no one will play this bullshit game.

>> No.22469889

>>22461116
Has the past decade of US economy been yield farming? Is our economy destined to be the next HOTDOG?

>> No.22470020

>>22469698
Boomers are mostly retired. I believe that means they're invested in highly stable shit like AAA bonds/treasuries, bluechip dividends. Gen-X are the ones on the spit, now. The problem with Boomers is a lot of them didn't have any considerations for retirement and overspent in-hand capital, a lot of them are highly reliant on yields from risk assets, but how many of those there are is another question. Gen-X, I suspect, will be very much similar if only due to poorer safe yields due to interest rates being considerably lower in the last decade than ever before.

>> No.22470045

>>22461350
What if your dollars collapse instead?

>> No.22470098

>>22470045
then they collapse? What's your fucking point? What if your shitcoins collapse retard

it's called "risk"

>> No.22470166

Imagine selling anything when we can literally stake our YFV and LINK (if you still haven't moved on to TRB) on YFL

This is unironically a new paradigm, sell the crops not the assets

>> No.22470177
File: 42 KB, 600x600, jew_basic.jpg [View same] [iqdb] [saucenao] [google] [report]
22470177

>>22461116
yes

>> No.22470409

>>22467727
>Sign up for robinhood
>Sign up for options trading on robinhood
>Buy SQQQ calls in about 2(TWO) months
>??????
>Profit

>> No.22470473

>>22461116
>Business Insider
But then again, broken clocks, and all that.

>> No.22470816

>>22470020
I think the main issue is breaking the trust seal in the system, boomers still have kids that they parrot the wagie path to and if boomers realize they were parroting a horse shit ponzi scheme they will go ape shit. Dont piss off the boomers until they die off. Most media and election cycles still maintain the boomer frame of mind and degenercy and vidya is used to control the younger generation.

>> No.22470854

>>22461116
Reminder a monkey made better calls than the top 10 global traders just by throwing darts into a dartboard.

>> No.22470886

>>22461116
Sell stonks
Buy guns and ammo (if you can find them)

>> No.22471129

>>22461807
No you don't. That is what motherfuckers like the Rothschilds brainwashed you with

>> No.22471176

>>22461338
its done on purpose. maybe once in a while they share there insider information, but that's just so you continue to trust them.

>> No.22471182

>>22469313
M2V is another issue, which I believe coincides with the decrease in GDP and actual production. There hasn’t been a tangible recovery, so consumers are holding onto their money so they can service their debts in case they get layed off. The whole inflation vs. deflation argument. The selling point of inflation is that it increases consumer spending, and should ideally increase production/sales. We’re at the point now where there is so much debt that the majority of income is being used to service debt. What’s not being used is being parked in the stock market for the next rainy day, as holding in a traditional bank account would only devalue your savings. This is leading to over valuation in the stock market, which was already over valued to begin with. Money cannot be issued without creating more debt, but what we need is more currency in circulation that doesn’t have debt tied to it in order to actually increase consumer spending. This is why the interest rates are so low and will continue to be low. The reason why debt is tied to monetary creation is not just to rip everyone off, but it’s also there to prevent hyper inflation. The debt overhang is so burdensome at this point that we basically need to pump money into the economy that’s not tied to debt to prevent insolvency running up the economic chain breaking down the entire system. The problem is that this is flirting with hyper inflation unless real economic output recovers quickly enough to combat it. Generally, the 10 year yield minus the 2 year yield being below zero is the surest indicator of a recession. If you look at that number in nominal terms we are just staying above zero. However, if you look at it in real terms it’s sinking well below zero.

The reason why this is good for some emerging markets is that it makes it easier for them to pay their debt that’s denominated in USD. This relates to the dollar milkshake theory and the book Confessions of an Economic Hitman.

>> No.22471214

>>22461443
this is the most pin-brained take i've ever heard.

oh yeah, debt, we're in great shape in THAT CATEGORY IN PARTICULAR

debt? oh yeah you mean the thing that like 1/4 of the american population has, that they can't pay back because the economy is fucking dead? oh yeah we're totally stable- stable like a dead horse is stable

god we're so fucked

>> No.22471451

>>22471182
Debt increases the amount people are willing to spend on things as it gives them access to capital they otherwise wouldn’t have. The available capital is pulled out of thin air as only 10% reserves are needed for lending. The artificial flow of capital increases the product demand, and so also artificially inflates the value of large purchases such as cars, housing, and education. The increase in pricing is not organic for this reason (the start of a bubble). It’s a gamble that the price of these things are really worth what people are paying for them, as it is then on the indebted to repay the loans through real economic output. If the pricing and interest is so unrealistic that it is unlikely they will be able to do so, then insolvency becomes a real issue.

>> No.22471948
File: 176 KB, 971x782, 1596343414368.jpg [View same] [iqdb] [saucenao] [google] [report]
22471948

>>22462717
>Don't think it's chainlink
>Links WEF official site
>Link awarded technology pioneer award by the WEF 3 months ago
>Founder and executive chairman of the WEF wrote a book called "Shaping the Future of the 4th Industrial Revolution" where he talks about chainlink directly
>WEF writes entire paper on importance of blockchain oracles and maintaining data integrity: https://widgets.weforum.org/blockchain-toolkit/data-integrity/
Stay poor

>> No.22471986

>>22461726
UST- us treasuries will take control. (((Fed))) no more

>> No.22472198
File: 1.84 MB, 325x244, 1571882931068.gif [View same] [iqdb] [saucenao] [google] [report]
22472198

>>22466434

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