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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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54586315 No.54586315 [Reply] [Original]

You're wondering why the traditional markets and crypto is going up, how is this possible? Remember, the majority of people are struggling and cant afford to invest, so who is doing the investing? Its rich people who can afford to invest when the times are tough, this is actually where the bottom is. Retail will start pumping the markets later when they can afford to do so, but for now, its not retail pumping, its richfags who are pumping it.

If you think about it, its why high interest rate environments show on charts that they start the early phases of a bullrun


>interest rates go up
>majority (retail) is priced out and stops buying
>rich fags (smart money) can afford to keep buying
>eventually interest rates come down and money becomes cheap again for retail to start investing
>main phase of bullrun happens with retails cheap money being thrown in
>smart money exits and takes profits

>> No.54586349

NOTE: When I say retail is priced out and you say

>How can retail be priced out of bitcoin, it was 15k bro, stfu, you make 0 sense, closing thread

What I mean is, retail is priced out, in that they cannot access cheap money anymore to invest, so they cant actually invest anymore, it doesn't matter if bitcoin is down 90% of they cannot access the credit to buy bitcoin. The only people who can access credit to purchase bitcoin are rich people, because they can afford the interest rates, normal people are locked out of getting access to tons of cheap credit, therefore they cannot invest anything, they're using what they have to pay off interest on mortgages, debts, and cost of living, where as rich people have the ability during high interest rate times to keep investing.


So yes, even if Bitcoin is -90% down, if retail cannot access credit, they cant buy any significant amount to make any difference

>> No.54586377

it's literally because people are moving their money off of USD, poor and rich. there isn't another reason.

>> No.54586404

>>54586377
Nope. The money in the banking system just went from small banks to big banks. This cope about money leaving the system for BTC is literally bullshit

>> No.54586405

nothing is going up, it's just USD losing value

my BTC EUR orders are not filling despite constant BTC USD rise

>> No.54586611

Pro tip: intangibles have no value, which is why despite people claiming they are worth billions there isn't even ten million dollars worth of tangible goods you can buy with them.

The "boom" is simply people switching between national currencies that are devalued by kike bankers to intangibles devalued by liquidity crashes.
This is definitely preferable, but you're still in a net loss market

>> No.54587174

No. I'm not wondering. And your reasoning is flawed. Markets would always go up because of "rich people" by that rationale.

>> No.54587221

Has nobody considered the value of the dollar is dropping? It's not like the economy is secretly doing well.

>> No.54587222

retail can't pump the market. the big 4 institutions own 30% of every company. the top 10% of people own 99% of it. all those shares as well as all their cash and bonds are available to lend to the financial industry. it's one giant unbeatable boss with 2 health bars and a government/media deflector shield. they set the prices. they decide what happens every day in every single security. you can deny this truth all you want, it will only lead to more bad conclusions. study wyckoff.

>> No.54587230

>>54587221
I hope those commies eat shit sir. I still am holding dollar.s.

>> No.54587234

>>54586377
the virgin long wall of text midwit rambling BTFO by the on point high IQ chad

>> No.54587237

>>54586315
cbdcintel.org

>> No.54587249

>>54587234
Except he is wrong

The money from regional/small banks simply flowed into big banks.

Thats all that happened. No boomer put their 200-500k savings into bitcoin, they just moved it from their local meme bank to a big bank

>> No.54587303

>>54587249
>they just moved it from their local meme bank to a big bank

That's a foolish wording. Those "big banks" are part of the same banking system which got bailed out by the taxpayer.

>> No.54587334

>>54586377
>off of
god I hate americans

>> No.54587371
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54587371

>>54586611
/thread
only few are seeing the light

>> No.54587387

>>54586611
>I can't touch it therefore it doesn't exist
I can easily tell you never tried to code a smart contract.

>> No.54587393

>>54587249
quiet midwit

>> No.54587450

>>54586349
Retail never used credit to buy crypto, outside of marginal cases

>> No.54588667

>>54586315
I'm not wondering at all and didn't ask. See you at $7k

>> No.54588729

>>54587221
Actually the economy is secretly doing well. Everyone I see walking around shartmart is just as fat and retarded as ever.