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15248324 No.15248324 [Reply] [Original]

For the last, fucking time: Crypto is NOT a hedge against the stock market. It is highly, HIGHLY correlated. People will flee speculative investments in the face of a recession. This is basic common sense you basement NEETs in your copium-fueled delirium ignore at your peril.

>> No.15248359

>>15248324
Yeah but same thing goes for gold. Shit dumped hard back during the 2008-2009 crisis. What would you have me buy? Besides SPXU of course.

>> No.15248423

>>15248359
This, the only thing that matter on recessions is cash.

>> No.15248443

>>15248324
Many gold investors are just waiting to dump it on your head. Shit went parabolic for a decade and people would want to cash out.

>> No.15248481
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15248481

its not about the money

>> No.15248483

Drns

>> No.15249101

>>15248324
>HIGHLY correlated
the bitcoin coefficient has had a beta of 0.24 since 2015
https://www.google.com/amp/s/theblockchainland.com/2019/01/10/bitcoin-price-and-stock-market-not-correlated/amp/

>> No.15249148

>>15248359
Guns, water and food

>> No.15249237

Durrr what is inflationary depression durrr

>> No.15249306

>>15248423
Not when theres runaway inflation, which central banks all around the world are setting in motion right now. Fed, cutting rates, NZCB, cut rates out of nowhere and says negative is likely. What does that do to your cash? Makes it lose value. Gold and silver are the only safe places to be when everything starts going to shit.

>> No.15249332

>>15248324
>implying that PoW cryptos are speculative
>implying that gold is speculative

>> No.15249357

>>15248324
>People will flee speculative investments in the face of a recession.
truth but it will also be the first thing they buy back in

>> No.15249361

>>15248324
for the last, fucking time: gold is a hedge against inflation. This is basic common sense you basement NEETs in your copium-fueled delirium ignore at your peril.

>> No.15249383

>>15249332
when you buy because you think it will be worth more in the future, it is speculation by definition