You all realize that the only reason stocks are still up are because the banks are propping them up while switching to short positions right?
the second they are net short it will plummet. highest unemployment rate in ALL of history.
And you think crypto is any different? There is no liquidity in the world, who the FUCK has time for "world currency" bullshit? The game is done, the recession is here and wojaks are coming.
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Btc can act as a hedge against the dollar/inflation. Gold is out. You actually have to wait in line to buy gold meaning new money coming in btc. Stocks arent a hedge. They just are a symbol of a company basically. It can take btc with it though as it did last time due to stock traders that have a lot of btc and selling to cover their position.
buddy we JUST watched bitcoin be COMPLETELY correlated to the stock market in the last crash
you say the word "hedge" like its some magic sprinkle shit but at the end of the day all crypto and stocks are held by the same mother fuckers that are going to be broke as fuck when the reality of this unemployment rate hits
Yeah, he literally just said that. It CAN operate like a hedge, but in reality people cover their positions in other markets.
You are retarded. Read:
>It can take btc with it though as it did last time due to stock traders that have a lot of btc and selling to cover their position.
Anyways, crypto isnt some hedge against stocks either. It's against inflation. So ya, if stocks die, people will probably sell and drop that shit. It can still be seen as gold 2.0. Problem is since it's still in the early stages die to small market cap, it is still not actually a safe haven at THIS point in time.
stocks will never go significantly down like that in nominal terms because the central banks will just buy it all.
Its QE to infinity
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There hasnt been any real economic growth since 2000, and its only gonna get worse. Look into Venezuela, their stock market is busting nuts daily despite the economy being non existent
bro, we are now in the green on the Nasdaq and the S&P 500, we aren't where you think we are.
Are you not capable of thinking ahead? Are you actually dumb enough to think this economy and the stock market is healthy? You think QE is good? You think hyper inflation and lower interest rates are a good thing? Get real
Welcome to the "return to normal" phase of society
There is a point there, infinity dollars printed can keep the market up for awhile.
He’s not your buddy, friend.
>here is no liquidity in the world, who the FUCK has time for "world currency" bullshit? The game is done, the recession is here and wojaks are coming.
You only got your speech partially right. You thought the crash isn't expected, you thought it wasn't planned? You underestimate the government. You are a simpleton using an image board with probably no more than 1 million dollars in your bank account, assuming you are well off. Government has unlimited money, and you know what their next step is. All you have to do to know what they are going to do, is what they are trying to hide. Why do you think stock companies are putting 95% of cash into buyback? because they will get bailouts? Why do you think BTC is never talked about MSM 24/7 like coronavirus, because it is not time yet. You are a simpleton in comparison to how long and how much the government has planned their next move, which has been decades, before you were probably even born, zoomie.
What is their next move?
I have to come to the same conclusion, yet hre I am and my question still remains, to what end?
>There is no liquidity in the world, who the FUCK has time for "world currency" bullshit?
There's enough liquidity for bitcoin, but not for your stonks. Also, bitcoin doesn't fall apart as a business process due to covid, unlike 99% of all companies in the stock market.
he SAID "hedge against the dollar/inflation"
Fully liquid brother
>the government has planned their next move, which has been decades
The government has trouble finding its ass with a map and a compass
To normalize digital currency, all these events are needed to trigger this, government can't just crash it one day out of nowhere, even though they have the power to. This is also why they can keep dow above 23k even though 40 million people are unemployed.
>to what end?
Great control
Easier collection of taxes
An immutable record
Cash does not provide these things in our current system
>The government has trouble finding its ass with a map and a compass
The "government" is much more than the lackeys they pick to put on a theater show. The real people in charge, are 150 men, all secret, not well known by the public. They control the money flow, and all the central banks. The government you think is not the government, mere pawns.
>To normalize digital currency, all these events are needed to trigger this, government can't just crash it one day out of nowhere, even though they have the power to. This is also why they can keep dow above 23k even though 40 million people are unemployed.
This is bullish for Chainlink right
1/8th of the population of the USA and growing has no job. When we reach 80 million, as we will, it will be 1/4 of the population. 1/4th is the same amount that were unemployed during the GB.
>This is bullish for Chainlink right
Who and what do you think will process all the digital contracts in the future? When you have a system dealing with trillions of transactions a day, especially digitally, it needs to be seamless, trust-less, tamper proof, reliable and efficient.
>Cash does not provide these things in our current system
and neither do bank accounts might I add. You see banks are separate entities as well, with their own workers and databases. Companies have free reign to scrub data if they want to.
>Companies have free reign to scrub data if they want to.
Therefore it is not an immutable record, and cannot be proven in court. Anyone with enough power can be bought.
supposedly we've been in return to normal for the past 3 months now.
Thank you for the reassurance user. Bless you.
Last crash was a everything crash because all wanted out
Now we will likley see the spy collide with tech dropping the hardest
For many stocks the bottom was probably already in
Agree with most of what you said, but I'm under the impression there will be another drop, Warren may be a boomer, but he ain't stupid, he's waiting for something. The price correlation between the market and BTC is clear as day if you look at Black Thursday, I can only assume the market will take a deep dive before the next real bull run. We are still in an pandemic, after all.
Stocks will not go down, Fed will provide (((liquidity))) basicly Fed is running a solvency program under a (((liquidity))) name
Why do you think assets will go down with 4 trillion stimulus floating around even with velocity of money shit they can print more.
I hold retards such as those on this board responsible for crypto not being "ready" in time for the crash. Everyone is just trying to get rich quick on the newest ponzi scheme instead of actually trying to make an alternative currency work and be accept. Fuck all of you greedy fucks.
The thing is nobody will want to buy stonks with their weekly $1M government check when they need that money to buy an apple. Prosperity through money printing doesn't work. It is known.
BTC hasn't moved yet retard, wait till we get either a deflationary or inflationary period, bitcoin benefits from either. If we get deflation people will run to BTC for safety, if we get inflation that is self explanitory.
I'm only certain on the end goal, the events needed to trigger the next step they have been planning for decades. These things like momentary drops or ups or downs are just secondary. People influence the market in a sense, it is organic. Any time they want to intervene, they will make sure it happens. The dip from 29k was planned. People still see the market as completely free reign and owned by the people, most don't realize there is always a master hand in the background which will determine the price at whatever time it pleases, regardless of what is happening in the real world. The dip was to get people in agreement that things are bad.
It absolutely works when you are the world's reserve currency...the Fed is forced to have dollar swap lines with other central banks just so dollar dosen't spike and cause deflation. I would say any other country than US you can't print to prosperity but when your currency is so strong you have to dump liquidity, domestically and internationally just to avoid a crisis it leads me to believe we have room to print.
Assets not going down put us into more of a bubble than we already are, it's all so fucked, but I believe Trump will:
a) watch the economy drop again because the lifting of lockdowns causes more outbreaks and fear before swooping in with another couple trillion for another giant rally to make his election look good (this is the one I'm betting on, which I'm starting to doubt)
B) This rally continues on despite all the beervid19 deaths (while I definitely can see this, the more people that know someone who has died or gotten seriously ill from beervid, the worse)
I'm happy for the bros in crypto, but I'm about 53% sure there will be another crash, so I'm in cash.