Are you ready for the great decoupling and bullrun? Starts october 3rd
Are you ready for the great decoupling and bullrun? Starts october 3rd
the FEDs gonna pull the plug aren't they
biggest rug there is lmao
Nop.
2.2 trillion stimulus and this time no dem fuckery. It will be in the house on the 2nd and signed on the 3rd. This pumps the market for a bit until the next black swan. At that time BTC is well into it's bullrun fueled by this. Stocks cannot recover with more stimulus.
Tether is unironically the best buy right now
I'm in USDC instead am I gonna make it bros
I don't trust tether I feel like it's Enron-tier
I'd prefer DAI man. Coinbase is still centralised.
Tether has a couple of months left before they have to turn over documents. They'll try to stretch the lawsuits to have time to pump the market and exit.
Nice one mate. Same here, but i’m in BUSD actually. 40%ish apy with binance launchpad rewards
>alts went -70%
>still in usdt
Wow can’t believe i’ve finally found a thread for stablecoin chads. We’re gonna make it bros
how many tether to make it?
This pump is just getting started baby
Don't be in tether my man. It's guaranteed to collapse (albeit slowly). Better to be in a very stable asset that's decentralised.
Doesn’t matter really. Btc doesn’t seem to be breaking a downtrend so far, so i’m expecting alts to keep falling even more
But a black swan would wreck crypto too...?
The black swan is over?
That was it?
LOL
Do you remember the 2017 China FUD? Buy the dip.
Crypto has been correlated to stocks for a while now. Once this correlation decouples, wall street will jump into crypto as a safe-haven. The black swan will be a direct effect of printing. My theory is that once the stock to flow ratio plays out for another month, people will realise BTC is doing its rise again while stocks are tanking. No-brainer to jump ship. Once the first sheep are over the dam, it will cause mass panic and fomo. Gold is also not an alternative.
The only tool in the FED's arsenal is the money printer. The money printer is actually the poison killing the system.
True. That’s why tether or other crypto dollars are a best buy.
there really is a possibility crypto will benefit from general market crash, but looking at the 1st corona hit i’d say it’s unlikely
If stocks crash crypto will too at least temporarily. There's no way the stock market crashes and crypto doesn't move
>USD is a risk
>Stocks are a risk
>Property is a risk
It would be nice to see it decouple and be the only rising asset.
That was a different time/event though.
This will be the first ever major economic crash that crypto will go through.
Ok thether can also virtually implode but Usdc no because is pegged to ethereum network
How do you know for a fact it will decouple though?
Because of hyperinflation. Gold is not an alternative. China, Russia and India have been accumulating tons of Gold. The US will not have it that Gold becomes the new standard. Besides that, gold will become useless after space-mining takes off. Most precious metals will become near worthless in 20-40 years.
USDC is literally Coinbase's stablecoin. US Gov has influence here and I wouldn't trust it.
God I wish /biz would stop abusing the term black swan. It is not a black swan when everybody and their mother can see it coming.
>USDC is literally Coinbase's stablecoin
well so what?
Coinbase / USA governament = trust
And China is mining BTC like crazy by that logic why would the US allow them to have so much power?
> Coinbase / USA governament = trust
Okay user. I have nothing more to say for you.
First, you're assuming stocks are representative of the real economy and won't just inflate along with everything else.
Second, space mining is at least a century off not because of a lack of technology but because earth supplies are far too abundant to justify the cost of space mining. Evidence being all industrial metals are affordable and precious metals were never affordable.
That's their fault for neglecting it for so long. China thinks longterm and saw this coming from a mile away.
US is slowly adding more mines and buying more coins.
Since they have to buy in and get more mining power, that's bullish for the industry. The new wars are mainly financial. Hot wars are a last resort.
Stocks are not really coupled to the actual economy, but to people's sentiment. Still, it's correct in that it reflects confidence.
Once that sentiment tanks, it's over, right? (printing money out of thin air and being able to lend out money without backing is another red flag)
The argument of the military backing the Dollar is moot. Once they use it, that will have the opposite reaction. Besides that, it's a money sink. Look at the trillion dollar wars America has fought. Now imagine what a war with China, Iran or Russia will cost. Add to that that these will probably all work together in such a scenario so it's even harder. No option besides nuclear in that case which is not realistic due to MAD.
Space mining will happen. Elon Musk has all the companies necessary for this. SpaceX with Starship to get large payload to the moon for a mining base. Easy to catch asteroids and bring them down or mine them in orbit. He has the boring company to dig in space by then. Tesla Battery tech that gets a boost from cheap material. That's inevitable. Timelines are the only bottleneck. So long term precious metals are going to be worth far less.
I dunno user all this sounds as wishful thinking, although I won't sell my crypto anyway.