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/biz/ - Business & Finance

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12485399 No.12485399 [Reply] [Original]

If history does not repeat itself, it at least rhymes. Currency markets are no different. I was looking at graphs today and I noticed some chilling similarities between the first year of Bitcoin (BTC) and the last 40 years of the Dow Jones Industrial Average. If you look closely, it could appear that the first year of Bitcoin mimicked the last 40 years of the DJIA. This is not surprising in the age of information where change that once took 50 years to take place now rapidly happens in a few short years. The crypto markets are open 24/7, are worldwide, and don't have the emergency shutdown protocols that other markets have-- like running an engine with zero resistance.

Could this be the key in understanding the future of our economy? Do you think the economic engineers behind the curtain at The Federal Reserve are using this crypto bubble data to theorize on ways to mitigate the inevitable popping of the currency bubble (mathematically unsustainable fractional reserve banking Ponzi scheme)? Was releasing Bitcoin to the public a psyop aimed at desensitizing the masses to the reality of rapidly changing currency value? Do I just have a touch of the autisms?

>> No.12485423

Just go back to pol you brainlet.

>> No.12485440
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12485440

>>12485423

>> No.12485458

>>12485399

Even 13000 is overvalued for dow jones

10000 is fair

Most companies have abhorent price/book values...it will correct but no crash if there isnt a major bankruptcy

If you compare cryptos to stock this should make you feel very bearish for cryptos

>> No.12485540
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12485540

>>12485458
I have precious metal and cash on hand.

Cryptos on hold (in case there is a spike from people seeking a safe haven in the event of a major NYSE correction)

Can't forget groceries and water.

>> No.12485556
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12485556

World's Largest Hedge Fund Manager Sees US Dollar Losing Reserve Currency Status
https://youtu.be/cmvlvKLhwfM

Who's next? China. They're stacking the gold while the USD depreciates in value.

>> No.12486349
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12486349

>> No.12486998

>>12485556
China's entire economy is about to implode for lots of reasons.

>> No.12488177
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12488177

>>12486998
so is ours

>> No.12488653
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12488653

>>12485399
try again

>> No.12488716
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12488716

>>12488653
This.

>> No.12488741

>>12488653
pure delusion

>>12488716
>thinking markets just continue to go up to infinity
wew

>> No.12488758
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12488758

>>12486349
It all started to turn to shit when the cold war ended
coincidence?

>> No.12488834

>>12488741
>he can't read charts
>he posts on biz

>> No.12488895

>>12488834
>derides for posting on biz
>posts on biz
lmao is this intentional or are you just retarded?

>> No.12489079

>>12485399
>Can Bitcoin bubble data forecast
>forecasting
>in finance
gosh if that were possible that would be nice. sadly it isnt