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/biz/ - Business & Finance

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53237054 No.53237054 [Reply] [Original]

Why is BTC so strong all of the sudden bros? This isn't normal, it's not healthy market conditions!! It should be below 10k by now with everything considered, it's just not right

>> No.53237089
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53237089

W-what do you mean? It's dumping right no-- OH FUCK

>> No.53237097

>>53237054
We dont care about macro bullshit
Those that care did sell already

>> No.53237100

>coronameme tokk it to $5000
>global recession + exchanges dying took it to $15000
whats next?

>> No.53237101
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53237101

>>53237054
Major happening! Military-fag thread was (((shut down))). Picrel. Proof: archive.is/mmoCT

>> No.53237160

>>53237089
MY FUCKING SHORTTTTTSSSSSSSSs

>> No.53238758

>>53237054
thanks op I needed this image yesterday

>> No.53238919

>>53237054
Its over for bears. You will end up as a rug. Many such cases.

>> No.53238930
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53238930

>>53237054
Just some whales' tricks, as per usual.
It's by far the most inorganic, artificially shilled, fake ass pump ever.
Money velocity for the bottom 50% is already pushed to it's extreme limits. Savings rate at their LOWEST since the data exist (2.1%), meaning everybody is fucking broke, and everybody's dumping their cash ASAP.

Only ones left with cash are (((big wallets))), the top 1% for the first time ever breached the 27% ceiling of all owned assets. And this is why overall velocity is down the gutter even though the entire lower + middle class are spending cash like in Weimar ; money velocity can't go up when all the cash is owned by the 1% who have literally NOWHERE to spend it without triggering huge waves.

The usual cash sinkhole in this scenario used to be 10yrs T-bills, but since they collapsed, no one want to touch them with a 10ft pole.

t. SocGen insider