/biz/ - Business & Finance

[Anonymous No.16415469]

will the stock market recession next year affect the crypto market?

[Anonymous No.16415470]

Based. Im a millennial myself.

[Anonymous No.16415485]

>>16415469
Yes most likely

[Anonymous No.16415489]

Hopefully
>Market crashes
>Crypto dumps
>Buy in
>Interest in crypto skyrockets after recession
>Bags pump

[Anonymous No.16415493]

>>16415469
There hasn't been a recession since bitcoin was first invented. Nobody knows.
But, when investors are terrified of owning stocks/bonds/real estate and even cash is scary because of inflation, crypto will look like the best place to be.

[Anonymous No.16415500]

>>16415493
yeah maybe

[Anonymous No.16415508]

Look at Cyprus and Bitcoin. Bitcoin will boom when the American economy can't be bailed out again.

My theory is BTC is still being artificially driven south because banks know this.

[Anonymous No.16415522]

>>16415508
BTC is being driven south because the bubble popped in 18 and people are skeptical of getting in after so many lost so much.

[Anonymous No.16415546]

>>16415500
Nothing wrong with precious metals. But everyone is used to digits on the computer, the convenience that entails, and the easy access through the coinbase app.

[Anonymous No.16416146]

>>16415469
The cryptos which will be affected the least are the ones you can actually for day to day transactions, with easy to use mobile interfaces and fees for fraction of a cent no matter how many people are using the network.
In other words crypto will go to shit but BSV is the one that stands the best chance to not as do so as badly.

[Anonymous No.16416152]

god damn being poor sucks. what are we gonna do guys....

[Anonymous No.16416177]

>>16415500
gold isnt a store of value

[Anonymous No.16416407]

>>16416152
unironically vote for democrats. they wont make you rich but at least you'll have free healthcare and some food stamps.

[Anonymous No.16416428]

>>16415469
>31 yrs old now
>still make $10K a year
feels bad now

[Anonymous No.16416439]

>>16416177
what is it?

[Anonymous No.16416442]

>>16415469
imagine an economic collapse in april 2020 driven by low spending and election anxiety, right before Warren vs. Trump

lmao we might legitimately be heading for the kind of breakout riots that used to lead to civil wars

[Anonymous No.16416467]

>>16415469
>stock market recession
Yes, but because it will be a currency/debt crisis, not because of a stock market recession. The stock market is a dependent variable.

[Anonymous No.16416469]

>>16416146
Why would maximized liquidity be decisive in the context of a recession, where the desire to spend plummets?

[Anonymous No.16416736]

When the stock market starts crashing, which is damn close, ALL assets will temporarily deflate, then precious metals and certain cryptos (XRP, BCH, LTC, ETH and to a lesser extent BTC) will soar. People will be able to buy houses not solely for dollars but for ounces of silver, gold and top cryptos. Most people who hold crypto are looking for immediate profits but IT DOESN'T WORK THAT WAY. Only the true hodlr's who aren't bothered by fluctuations in the cryptosphere will be rewarded. By the way, ALL assets are currently manipulated and real estate, cars and some other assets are in a huge bubble that probably next year will be popped. Anyone who buys an (overpriced) home or new car before the reset is going to regret it.

[Anonymous No.16416837]

>>16416152

Basically our generation will fall into squalor. Purchasing on everything will fall dramatically then prices will fall dramatically then boomers will be forced to hand over their property for a fraction of the current cost. So ultimately justice but it will take a minute.

[Anonymous No.16417098]

>>16416469
because people will have to pay their bills to keep their cars and houses and if they can actually offload their asset quickly its more valuable than an asset that takes 24 hours to confirm or takes a $50 fee to confirm

[Anonymous No.16417105]

>37
>Worth $560k

Am I winning?

[Anonymous No.16417147]

>>16416407
unironically commit suicide

[Anonymous No.16417247]

>>16416736
i don't think bitcoin is a wise move. it's another ponzi about to pop. once the value goes down to $3k it wont even be profitable to mine anymore. also you got the reward halvening coming up and that's not good for miners either.

[Anonymous No.16417298]

>>16417147
i mean if you're a poor neet who votes republican than you're legitimately voting against your interest.

[Anonymous No.16417310]

>>16415469
It’s ok. Link and Sergey will save us all

[Anonymous No.16417321]

>>16416439
Worthless

[Anonymous No.16417356]

>>16415469
yes, BTC prices are still tied to the USD, if the dollar gets dragged down by the stock market BTC will get dragged down with it. Also weakhands will cash out their crypto and put it into less volatile asset classes (i.e. every other asset class).

[Anonymous No.16417392]

>>16415489
this is how I see it happening too

[Anonymous No.16417406]

>>16416442
there wont be any civil war. it's a gun nut fantasy and nothing more. if the economy breaks down the rural retards will be the first to die. they are already in poverty and surrounded by meth heads now. sure a few farmers will do ok but they aren't going to help out the whole hill billy town. maybe the amish might but not the average farmer. and that leaves essentially subsitence gardening and hunting but the forests will be hunted bare because every hill billy and his cousin will be out there doing the same thing.

[Anonymous No.16417426]

>>16417298
diagnosis: you consume way too much mass media

[Anonymous No.16417838]

>>16417406
Lmao enjoy being raped and murdered by hordes of tyrones cityfag. Oh wait, you can shoot them with your gun, psyche! I'll enjoy the countryside where I can grow my own food and am not surrounded by EBT users and living like a sardine in a box. Literally the last place you want to be when shtf will by those nigger infested multicultural shitholes called cities.

[Anonymous No.16418492]

>>16416736
lol
I'll just keep buying more SP500 index shares. Maybe when it goes up another 30% you'll stop sitting around fantasizing about buying a house with a few ounces of silver and realize you wasted the last 20 years of market growth.
BUT MUH CRASH! YOU'LL LOSE EVERYTHING!
If it crashes I keep buying.
Why would you buy expensive tomatoes but not when they're cheap?
In twenty years is the Dow more likely to be 40,000 or 10,000?
HURR DURR U GOTTA WAIT 20 YEARS TO MAKE A PROFIT BOOMER! LOL
Yeah, stocks are for investing on on a 15-20 year timeline. If you need your money before then put it in a CD.
None of you faggots even have jobs so what do I care what you do with your allowance?

[Anonymous No.16418506]

>>16415469
>poorest generation
i wont be poor when my parents die


feels bad

[Anonymous No.16418522]

Why should I have children I could never afford?

Sure it can be done if I want to wage slave hard for many many years.

[Anonymous No.16418865]

>>16417098
You're operating under the assumption that debt-niggers hold crypto.

[Anonymous No.16418876]

Going to be entertaining watching a generation of WOKEtards get blackpilled

[Anonymous No.16419044]

>>16417298
I guess youre too stupid to remember that republican corporate tax cuts singlehandedly fueled both the stock and crypto bullruns of 2017 (and to this day)

[Anonymous No.16419090]

>>16416146
shoo shoo, poo in the loo.

[Anonymous No.16419118]

>>16415469

Check the daily volume. Tether is almost always at the top. Like it or not, the dollar controls crypto market value and if the economy tanks, so will crypto

>>16416152
Pray for a deflationary crash. Everything else will lead to generational poverty.

[Anonymous No.16419163]

>>16419044
Wrong. Keynesian fiat economics have fueled the bubble, like it always does. Central banks and the bottomless money pit.

[Anonymous No.16419184]

>>16419163
people that dont know what theyre talking about (you) should just shut their mouth. If you dont know about the corporate tax cuts effect in 2017 you should honestly quit trading since that is the period that QT was being confirmed for the following years