>Consumer sentiment has reached a point lower than during the peak of Great Recession along with the previous two recessions.
>We're still at the supposed start of the incoming recession
Is this proof that some serious shit is about to come our way during the next downturn?
Hyperinflation of the US economy.
100% serious, willing to discuss.
yes
No, the reverse. Sentiment almost always is low AFTER drops. And its almost always highest at all time highs. If anything a record low reading could mean people are overly scared and oversold.
Nothing ever happens
>Is this proof that some serious shit is about to come our way during the next downturn?
Less than 18 years to go.
We're at the end of the cycle. Everything goes in cycles. Economics, politics, warfare, civilizations, life itself. It's all a cycle. en.wikipedia.org
youtu.be
yep, hyperinflation it will be
buttcorn could get to a million of funny moneys
I believe they will print and stocks will go down like they did in the 1970's. I believe Bitcoin and the other 19,000 cryptos will go down as well.
Bitcoin is completely traceable and taxable.
Houses are depreciating assets.
There is a reason people buy the shiny metals.
Gold is already outperforming.
we have privacy coins and even buttcord has taproot and can be private
the killer app of crypto is verifiability
i can send you a 1000 in some crypto, even a stable and you can verify it
while if you use gold you need a lot to verify this is gold and not something funny
also remote sending is a thing, with gold you can't
crapto is here to stay for as long as terra is a monetary world
You will end up selling whatever you have in order to buy gold, very soon.
On the other side of this monster, we all need to work together and keep the peace, and hopefully those that have a good understanding of business and economics will be the only ones left standing. You can decide for yourself whether you want to be in the crowd or not, but you are running out of time. This is happening.
those with money will want to preserve the value of that money
those without money will not care about gold
however when you boil down the pros and cons, those with money will be better off risking them to make more money
crypto is a valid asset class
Crypto is not an asset, or a commodity, nor is it a financial tool. The blockchain is a financial tool, and will be used.
Bitcoin is the method for proving blockchain tech, it is not digital gold. Gold is capital that can be moved and is bearer owned. The government can confiscate gold, if they can find it.
You are playing into their hands by so blindly forgetting history. They want to use the blockchain precisely because of the intense control over transactions and people's stored purchasing power.
This doesn't matter anymore, if you are entrenched in this view, you will not start in time anyways.
The entire information technology bubble is so incomprehensibly large when it collapses there will be a tremendous surplus of skilled labor in programming/maintenance of technology. We are less productive than in year 2000, technology is fantastic but we actually have to use it to produce value, which we have not.
it is crypto currency
it is a non government mandated way to pay
it is the hardest money ever invented
it is the only thing you can truly own and not be taken from you
the killer app is verifiability
it is here to stay as long as there is trade
S&P 500 at 1500 in 1 year
Good luck.
It’s only the beginning.
now gold
has high intrinsic value - you can do things with it
crypto has fairly low intrinsic value - you can less things with it, but some of things are scalable
gold is money
but gold is very hard to hide, modern detectors will find it, and you only own it if you can protect it
in the end, the average joy is much better doing the crypto meme
we don't need your luck
and we are not superstitious cunts
we don't believe in luck
Checked & based
is crypto dead?
we are at all time lows on most alts and we are still at trillion dollar valuation
crypto is a buy right now
Yes crypto just died 300+ times
crypto hasn't behaved as a hedge in the past. What makes think it's gonna be different this time?
Hyperinflation as the reserve has shut off the tap and is raising rates steadily. Okay sure.
it might not behave now too
however, we have massive infrastructure now
crypto is able to literally run the world with all the things that are already live
and the ease of use is such that once inflation is mainstream meme, the normies will just get paid, put all in crypto, maybe even crypto gold tokens and the will only buy what they need with the rest
the infrastructure is there already
Sell signal
Crypto is a risk asset. It is built on debt and credit. Micro-strategy just bought 2.5 billion more using debt.
There is an asset however which cannot be purchased with debt. It is meant to be held and does not produce anything.
>crypto is able to literally run the world with all the things that are already live
this is it, the stupidest sentence ever written on biz. you win the retard grand prize.
All crypto can do is deliver hyperexpensive 7tps casino architecture to host ponzi scams, monkey pictures, and defi rugpulls. Crypto can run literally 0% of what the world needs. 1% if you consider gambling a 'need'.