/biz/ - Business & Finance

>>53469583
cop a squat, bobo. i think it's time we had an intervention

The smart ones sold at 8 cents. Many sold at 7 cents, which isn't optimal but still saves face. Some people sold at 6 cents, which was starting to get a bit embarrassing.

5 cents will be gone soon. Maybe it's time to start actually learning about crypto & DeFi & investing in some of the actually promising up-and-coming innovations in the space? But naw, you'll probably still just do whatever Elongated Musket tells you to, right? Even though /biz/ has been telling you all week to sell your Doge?

I have my reasons that I will go through, I just wondered if I’m being dumb or if some agree with me? Btw I do still have about $30k ‘in the game’, pretty 95% of my liquidity. So I’m not exactly hoping it will crash, just a feeling I can’t shake.

So basically I’m look at the whole economic picture, the whole feeling that the foundations are built on sand and the tide has came in.
Businesses have been closed globally, countless have shut their doors for good. In the U.K. some big big names have gone along with thousands of jobs and there is nowhere for these thousands of people to get no jobs. Tax in come for governments world wide have crashed while they are paying out trillions in stimulus.
Printing is off the scale.

However magically the markets sit as if everything is fine. Crypto is at ath and boomer markets have recovered over half the covid crash losses. How can a market recover when it can barely trade?

This crypto pump is not organic at all I was there for the 2017 pump and you could feel the momentum building, the high was a logical crescendo.
This time round people are more perplexed at how it can still be going up, there have been no dips when there should have been, we haven’t touched the 100day on HTF for months. Don’t tell me Btc is a ‘hedge’ it has always followed the main economy.

Basically we shouldn’t be where we are, this economy feels like a criminal on life support after the nurse gave him a shot of adrenaline so he could talk to the fbi.

It HAS to crash, every way you look at the economy it looks bad. If you check the spy and ftse charts now it has began to turn downwards, the peak looks like it came mid January and we are currently setting lower highs and lower lows. I just can’t shake off the feeling that ‘it’s coming’, And have no confidence at all in this ‘bull run’.

As a lawyer I can tell you guys that Kleros is an incredible idea with a massive amount of potential in corporate applications. Inefficiency of course in handling minor disputes creates the need for inexpensive and fair dispute resolution which is the whole reason the arbitration industry exists.

Of course, the idea is way ahead of its time right now. Which on the one hand makes it feel really early. But on the other hand, this is going to be a long-term hold. Even so, it's interesting how the team is already creating working products like Kleros Curate and Linguo. It goes to show how many potential uses Kleros has. Important to keep in mind they are just testing them out to see whether they actually work or not. Projects involving the DeFi space (like the token curated registry) make sense because they are embraced by groups that already value DeFi. Will that ever broaden into a more mainstream consciousness? Perhaps. Perhaps not. I wonder if it even needs to.

>>21738841