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There is a global recession, a war in europe and inflation like 40 years ago. You had your manipulated relief rally, now sell and let our shorts work.
>>50462444Checked trips. ETH is going straight to $24,000 USD.
>>50462444RetardA global recession would be bullish if we had one check the extreme 2020 recession and the crypto prices
>>50462467But we dont have a recession now we are still recovering from the last one
>>50462467This time is different.
>>50462444I dont have anymore more margin to add bobro might have to take a loss if it keeps going up :(
>>50462444yeah and you dont think that dumping all the way from 70k to 20k was enough? it's over, we're bull now.
>>50462467yeah sure, people losing their jobs and struggling to buy food and heat their houses are going to buy internet fake money these next two years LMAO
>>50462506But that's exactly what happened back in 2020.
>>50462523you mean when they turned on the money printer and printed 1/3 of the current dollar circulating supply? retard
>>50462523i was getting $4200 a month for sitting at home in 2020 WHERE THE FUCK IS MY MONEY
>>50462523not really. Btc just followed the big money algos from stock market. Stonks control btc, get that through your thick skull. They printed an obscene amount of money that was deployed on every market
>>50462523Not really. A portion of the population received unemployment money and they went out and spent it. People even bought crypto with it. That money doesn't exist right now
>>50462444i wouldnt call this a war in europe
>>50462444yeah thats priced inalso people realize the inflation is actually eating their money and the crypto dip is a good opportunity
>>50462467The recession will be cause by the hyperinflation caused by the previous covid recession. No one will give you a dime during this one, let alone print 10 trillion+ dollarinos. Covid wasn't a recession either, it was just one quarter.
>>50462506NCP like take. Money never exits circulation. Inflation would have to be 100% year over year to adjust prices to the amount of new money in circulation. As inflation is relatively low compared to the amount of printing that has been done that means there is someone (or many people) down the supply chain with a glut of dollars. If they don't want to be raped by future printing and the weak fundamentals of fiat in general they have to invest in assets. Goyim like yourself might be getting raped by price rises but those in charge have had UBI since 2008 and will soak up every piece of the pie and if you want a piece you will be forced to pay way over the odds. >Inb4 muh crypto isn't valuableIt's a revolution in financial technology in an increasingly globalised world. If you can't put 2 and 2 together and infer the value proposition from this you have no place being in this space and would be better off just putting cash in the bank regardless of how rekt you will get due to future government policy.
>>50462444>recessioni not seen bad data yet, just predictions>war in europetheres always war somewhere>inflationso $ prices inflate, are you dumb
>>50462759>>Inb4 muh crypto isn't valuable>It's a revolution in financial technology in an increasingly globalised world. If you can't put 2 and 2 together and infer the value proposition from this you have no place being in this space and would be better off just putting cash in the bank regardless of how rekt you will get due to future government policy.The problem is that crypto remains viable for global instant decentralized transactions regardless of its token price, and it actually benefits in utility from a stable/rangebound token price.
>>50462557And where did all that money go? People and institutions are hoarding them ready to jump back into the markets.
>>50462793It depends if the price of a transaction is denominated in a fixed % of a token or a fixed dollar price. A lot of gen 3 L1's fix to dollar price so token price going up over time benefits those using the network.
>>50462759>crypto>it's a new paradigm broLMAO
>>50462506?????????????????? If anything a worker shortage is causing th e recession
>>50462506>struggling to buy food and heat their houses2moreweeks
>>50463030They've been doing that for months hence the most negative views on the economy in history. Don't worry though, it will all normalize soon. I'm giving it another 2 weeks before that happens.
>>50462933I accept your concession.
>>50462724>Covid wasn't a recession eitherIt was the worst worldwide recession retard!!!Only the usa wasnt hit that hardh here in Germany we are still not at 2019 levelsen.wikipedia.org/wiki/COVID-19_recession
>>50463076>It was the worst worldwide recession retard!!!Since ww2Also hyperinflation is bullish see the german stock market
>>50462467>check the extreme 2020 recessionYou fucking muppet. The only reason that recession was bullish is because of unlimited moneyprinting never before seen.Never before seen for good reason because the consequences are a fucking disaster.
>>50463104They would do it again also every recession was a buy opportunity
>>50462467kill yourself retard. 50iq mumu not needed
>>50463164You have zero argu ments against me you useless waste of oxygen
>>50462467that was mostly due to stimmies
>>50462467>2020 recessionhasn't even hit yet, was delayed by MASSIVE money printing. the fact your country has been shit since 2020 is just a testament to your country being a shithole in general.
>>50462467>check the extreme 2020the world stopped working and put it all on a credit cardbills are dueimagine losing your job and just putting everything on credit until you started working again thinking you don't have a lot of saving to do to get back on trackthat's what's happening nowim bullish long termbearish short termjust like how stocks dumped end of year 2007 and 2021things will get better in jan 2023
>>50462467Holy shit. Mumus are really going to be buying death cat bounces for the next 2 years.
>>50462759>muh hot crypto takeThe only reason it exists it's because they are collecting tax money. The momeny it really changes the dollar they shut down all exchanges and wops you have now 0 liquidity.>i'll buy my lambos with btcThey will ban that too dumbass.
>>50462444Fuck you nigger.
>>50462444>inflation is bearish???
>>50462444> global recession, a war in europe and inflation like 40 years agothe merge fixes all of these things.
i cannot get myself to go fully back into crypto because of the FOMC meething the 27ththis move looks like a move driven by whales dragging retards back into bitcoin only to dump on them later
>>50463975Your image doesn't even cover one full year.
>>50462444how is inflation bearish for crypto? do you even understand how it works?