Real talk. Let’s have a chat about the result of crypto popping

[Anonymous No.5161487]

Any sane person knows this is a bubble that has to pop. Scam coins and shit coins everywhere. Money comes in easily and it’s hard to cash out. 2008 the housing market caused the recession. We are 10 years later and due for another recession. I think crypto popping will trigger this recession. Looking for a real conversation about this. Yes you can make a killing on crypto and you should. Just know these gains can’t continue and have an exit plan to get in the the s&p 500 when it bottoms in 2019.

[Anonymous No.5161535]

>>5161487
>muh bubble
So fucking what? Everything is a bubble. Even if it pops it doesn't mean it won't go back up.

[Anonymous No.5161577]

>>5161535
Yes but if you get out before it pops you keep your gains and get in at the ground floor of the next big thing. Gains on gains. People aren’t afraid of a dip till 70% of their portfolio is wiped out. Don’t be a sucker.

[Anonymous No.5161597]

>>5161487

Bitcoin is arguably in a bubble. Many shitcoins are overvalued. But that doesn't mean that the whole market is going to collapse. Smart contracts are just taking off. Truly private money is only just taking off. DEXs are only just being launched.

If you put your money in the right places you have nothing to fear.

[Anonymous No.5161600]

>>5161577
You are a fucking retard m8. If you can predict the future you should just bet on sports

[Anonymous No.5161631]

>>5161487
get your simpleton ass out of here... what do you think a new global currency created by free market economics is going to look like? Fucking 500 years of linear growth?

[Anonymous No.5161636]

When the crash happens, buy BCH

[Anonymous No.5161673]

>>5161487
most people are poor so getting in the s&p for 30% gains is retarded. Even if crypto drops there's still money to be made trading so I don't really care

[Anonymous No.5161681]

>>5161600
Sports are unpredictable. Many of these shitcoins can easily be avoided if people simply looked up the devs on LinkedIn. It’s different. Furthermore I can tell you there is a lot of hype around shit coins that reaslitically have no utility for the tokens. The software might have a use but the tokens themselves are worthless.

[Anonymous No.5161851]

>>5161487
How about you talk about a real bubble, the student debt one. Several generations of America's (arguably) brightest are being crushed under unpayable amounts of debt, with interest payments more than they can meet. How many trillions of dollars is in that bubble eh.

The entire world is fucked. What we coiners are trying to do is amass enough shekels to be safe when it all goes absolutely to shit. Even if the market crashes and we all lose 80%, fuck man, most of us will still be at 400% gains.

Try doing that on that trick on the stock market when it crashes ever decade.

[Anonymous No.5161942]

>>5161487
real estate is the largest market of them all, when you bring housing down your economy goes down for decades.

bitcoin is not worth even a single dow jones stock yet

[Anonymous No.5162033]

>>5161487
>I think crypto popping will trigger this recession.

Never mind all the bullshit central banks have been doing

[Anonymous No.5162066]

>>5161681
Do you think this applies to ADA tokens?

[Anonymous No.5162218]

Right now we have..

>The Real Estate bubble, propped up by quantitative easing (the jews at the fed printing money
>The higher education bubble, propped up by access to loans (that you can't default on) and the need for a 4 year diploma to get a job at starbucks
>The stock market bubble propped up, once again, by the fed.
>The dollar bubble, propped up by shitty mortgage backed securuties
>The crypto bubble, propped up by Tether.

Where exactly are we supposed to store our $$$? The whole economic system right now is just one giant bubble. I'll stick to the one thats giving me crazy returns.

[Anonymous No.5162826]

>>5161851
America's "brightest" found ways of not going into massive debt.

Competitive scholarships, grants, military, etc.

If you have massive debt for a basic degree, then you are not one of "America's brightest."

[Anonymous No.5163085]

>>5162218
>Tether

Let’s talk about that.

So Tether is essentially at a fixed price. Exchanges basically always have to credit 1:1 Tether to dollar being funded to an investors account. We have all seen the stories and have felt the effects of exchanges having to deal with such a massive influx of new accounts. So the exchanges undoubtedly run out of Tether to credit to people’s accounts as more and more people wire usd in to start buying crypto. The only way around that problem is for more Tether to be created. I don’t see an issue in this as long as there is a backing of usd like Tether states there is.

[Anonymous No.5163086]

>It's over, let me sell my Bitcoin position for perfectly rational and non-bubbled fiat. I will not regret this decision at all in a year.

[Anonymous No.5163105]

Bauble

[Anonymous No.5163232]

>>5162218
Notice how Bitcoin remains Bitcoin, 21 million max, irrespective of muh tethers.

Meanwhile the rest of what you said is printing of the actual underlying asset.

When you understand this you'll see how fiat valuation in BTC is irrelevant, but you need Morpheus tier enlightenment for that.

[Anonymous No.5163695]

Listen you fucktards.

Bitcoin’s price boom is the result of a global social movement that happens once a century. People are fucked off with banks and institutionalisation. The people a want disintermediated, decentralised, trustlessly traded currency - so they migrate to cryptos and put their money in a crypto wallet. The price is only going to continue increasing until it is globally regarded and accepted as a fiat currency (just like all currency is now).

The bubble won’t burst because it has to intrinsic value. It’s price rocketing is a result of the increasing demand which won’t go away (unless governments start heavily regulating it because it changes to a currency (I.e can be traded in forex markets). The only other reason the ‘bubble’ could pop is if someone starts hacking into crypto wallets, there’s a press release and everyone mass withdraws.

Enjoy riding the wave and get your biscuits in!