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51512658 No.51512658 [Reply] [Original]

Why the fuck isn’t crypto booming during an economic downturn? You all assured me it would only do better during recessions

>> No.51512700

>>51512658
because the crypto boom was fueled by the fed's money printing scheme, just like the stock market.
and now that fed is reversing its course crypto is shitting the bed, just like the stock market.

>> No.51512704

Why would crypto boom?
There is no disposable income to gamble. From now on, things will only get worse. Especially when holders start to sell.

>> No.51512738
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51512738

>>51512700
>>51512704
Your making it sound like crypto is just a tool for speculation and not an useful product meant to circumvent and replace the modern banking system

>> No.51512847

>>51512738
What year are you living in?
Crypto is worse than banks.

>> No.51512856

>>51512658
>You all assured me it would only do better during recessions
We lied.