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/biz/ - Business & Finance

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17408534 No.17408534 [Reply] [Original]

you fagets know that this Coronavirus thing is gonna bring the world economy to a grinding halt right? You think people are going to put MORE money into speculative assets such as Crypto in such an environment? Reminder that Bitcoin has never before been tested in a global downturn environment

>> No.17408537

>>17408534
Yes.

>> No.17408547

>>17408534
This
People will be dumping crypto for essentials

>> No.17408548

>>17408537
By the way, good luck getting your "gold" you "own" after shit hits the fan.

>> No.17408558

>Binance is the most popular crypto trading platform
>Binance located in China
>China epicenter of Coronavirus

If you guys have crypto in Binance I recommend withdrawing to a wallet you own.

>> No.17408560

Long cryptofag tears

>> No.17408596

>>17408534
Holy fuck you kikes have gotten downhill. What a low effort and literal nothing burger. Can't even raid more than 3000 bugs.
Pathetic

>> No.17408694

>>17408548
but anon i have it right here in my hands

>> No.17408704

>>17408694
*Gets shot*

>> No.17408846

>>17408534
imagine selling all your crypto just to miss out on the eternal bull run induced by a global pandemic and fueled by the global recession

>> No.17408851

you know corona virus is not a danger at all
calm down before you get some paranoid people sick and dangerous
I will request your eth/btc wallet now. You may post it to the mail in Washington

>> No.17408877

>>17408534
Reminder that wealth is transferred and not destroyed. Therefore in the rare occurrence that the common flu brings the world economics down gold and crypto will rise.

>> No.17408883

No worries it will just kill the old people, creating a newer better world

>> No.17408886

>>17408534
Yes. That's why I'm all in BTC.

>> No.17408891

>>17408886
>>17408883
>>17408877
>>17408851
>>17408846
holy shit, fagets actually believe people will be rushing to invest in BTC when shit hits the fan

>> No.17408921

>>17408891
They will rush into the next biggest increasing value asset. It’s called FOMO and human greed. When everything else is down, they go to what’s up.

>> No.17408958

>>17408891
You are dumb. Literally burning money transfer value to other people through inflation. A stock market and a forex market collapse will bleed funds into metals and crypto.
Also: >>17408921

>> No.17408964

>>17408891
Nobody will be investing in it, it's just the only thing anybody will be accepting after your social order collapses and there's no way to tell if you're being traded counterfeit bills. Either trade in some now, or trade the shirt off your back for some food later.

>> No.17408969

>>17408558
Have been doing exactly this for this reason over the past few days. Binance is going to get fukt

>> No.17408976

>>17408534
No it's fucking pathetic and the death toll is insignificant. The fuck you part is how many people get sick. There will be a few months of megacorps making a few less bucks.

>> No.17408978
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17408978

Allow us to introduce ourselves

>> No.17408987

>>17408976
Kek leave the man alone. He has been binge watching the walking dead and gets horny at the sole thought of living in a post apocalyptic world.

>> No.17409038

>>17408534
bullish for SUTER

>> No.17409039

>>17408891
Yeah I don't get it. Speculating is going to be the last fucking thing on somebody's mind when they are worried about getting groceries.

Smart money will pull the fuck out until things get more predictable.

>> No.17409075
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17409075

>>17408891
you tell me

>> No.17409080

>>17408558
>Binance located in China

>> No.17409087

>>17408548
Ever heard of physical fag?

>> No.17409123

>>17409039
Smart money will keep their wealth in a quickly depreciating asset. Right.

>> No.17409140

>>17408891
Low iq people don't need to buy for price to go up
Fiat will go down

>> No.17409318

look i'm not saying dump all your BTC and cryptocoins right now, but it would be wise to cover your basic needs first (food, drinks, fiat to buy the crash, and gold - yeah blasphemous around these parts, i know)

>> No.17409408

Very comfy at the moment
Hold physical gold and BTC in my IRA
(myIraInvestment.com). This was money I couldnt touch anyway. Paid some fees and rolled over 140k from my 401k to there. Already worth 600k now. Put my cash in index jun puts (up 278%) and bought 2 months of oatmeal, tuna and pasta.

>> No.17409448
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17409448

>>17408534
Crash coming in March

>> No.17409470
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17409470

>> No.17409499

>>17408534
>you fagets know that this Coronavirus thing is gonna bring the world economy to a grinding halt right?
Yes.

>You think people are going to put MORE money into speculative assets such as Crypto in such an environment?
Yes. Because governments and central banks will print money in order to keep their stock, bond, and real estate markets from collapsing. This will result in hyperinflation. People will turn to crypto as a safe haven asset.

>Reminder that Bitcoin has never before been tested in a global downturn environment
Chainlink is the future. Eventually, Bitcoin will be panic-sold for Chainlink. Monero also has a better long-term future than Bitcoin.

>> No.17409530

Gold and "digital gold" arent going to be worth much if SHTF. If things are so bad that USD is worthless then you are going to be living in a new society were gold and bitcoin isn't really a good bargaining chip.

>> No.17409565

>>17408534
All previous ones didn't move the market that much, so this won't either.

>> No.17409836

>>17408964
>society collapses
>power & internet goes down
>thank goodness I invested in crypto & not gold like those retads on /biz/ told me to!

>> No.17409878

>>17408534
>MORE money into speculative assets such as Crypto in such an environment?
Yes. Investors will need to move there funds in the event of a Market Collapse. Crypto isn't the market and can run independently of it.

>> No.17409982

>>17409087
Physical fags won't help you

>> No.17409995

>>17409836
Why would the power go down due to social unrest? By the time the global power grid goes down that's a full blown extinction and no investments will hold