/biz/ - Business & Finance

[Anonymous No.5891568]

Let's take a macro look at things for moment when it comes to economy and crypto currency.

-2007 to 2010 the sub prime mortgage crisis hit the US really hard
-This contributed to recession between December 2007 – June 2009
- Also during 2008 Congress passes the bailout for the major banks
-January 2009 the Bitcoin network comes online and the first transactions goes through
-July 2010 3rd version of bitcoin is released
-2011 Bitcoin reaches parody with the US dollar.
-2014 Global Advisor Bitcoin Investment Fund worlds first regulated investment fund
- 2015 NYSE minority investor in Coinbase 75 million dollars.
- 2016 Donald Trump becomes president and Bitcoin saw a 5% increase in just 24hr
- 2017 Multiple ICO coming to market to the point where China bans ICO due to multiple reasons

And that brings us to 2018, now the US market has been on bull run of the last what 7-8 years. Which means we're coming up on the economics cycle where things start to pull back and with that tide moving out, I'm wondering what within the crypto will be the deciding factor that will make investors want to hold out the storm through to until the next cycle or even just to see who remain through fiscal Darwinism. Trying to keep out of mind as much speculation as possible, thinking all coins just being $1 in cost and all with an equally balanced market cap, what among would still be utilized due to their function at heart when the wells dry up.

[Anonymous No.5891652]

nobody knows, you autistic mongoloid nigger faggot jew.

[Anonymous No.5892182]

>>5891652
But think bout it. The way I look at it, one possible way in order for the market to survive during an economic pull back would be if we we able to actually get an approved for the ETF of the cryptomarket which could bring with it common everyday investors that may want the exposure to cryptos while having the slightly more reasonable format of at stock.

And to bring crypto money back into the stock market during down time. Inverse ETF could be made to also entire crypo trade to invest and make money when the market is low and filling their need for something a little bit on the shorter time scale but without being drawn over decades, just look at the rise in inverse ETF stocks in during the 07-08 crisis.

[Anonymous No.5892185]

Sell everything you own
Sell sell sell

[Anonymous No.5892228]

>>5891568
>2007 to 2010 the sub prime mortgage crisis hit the US really hard
reminder that this was mostly due to leftist policies that forced banks to rent to bad-credit niggers

[Anonymous No.5892578]

>I'm wondering what within the crypto will be the deciding factor that will make investors want to hold out the storm through to until the next cycle
As soon as the whole tether scandal blows up there won't be anymore big money in crypto until there's another functioning, used product that comes out. Crypto needs another crash in order for more meaningful work to be done, and in order to go back to its roots.


>>5892182
Are you trying to say that more crypto derivatives will save crypto if it were to bust? That seems completely backwards desu.

[Anonymous No.5892707]

>>5891568
>2011 Bitcoin reaches parody with the US dollar
I'm willing to agree that both are pretty much a parody at this point, yes.

[Anonymous No.5892824]

>>5892228
Fuck yourself with a switchblade

[Anonymous No.5892856]

>>5892824
not an argument.

[Anonymous No.5893051]

>>5892228
>>5892856
You know there's another half to the equation you are conveniently leaving out, unless you're telling me those communities were the one's that pushed out all those CDO's?

And we could very well see something to that effect happen again. You already hear regularly on this very board people wanting to take out loans to put into Bitcoin and cryptos. We are at Market Cap: $755b with 24h Vol: north of $67b. So far that just the play money some NEET hustled up and a few companies pulling together, but the moment you start putting in massive loans, even mortgages into this things with "promise returns" what's to say same can't happen again in a manner of speaking?

[Anonymous No.5893136]

>>5893051
>ut the moment you start putting in massive loans, even mortgages into this things with "promise returns"
please god

please god let this happen. more normie money pls. i'll be a millionaire

[Anonymous No.5893423]

>>5893136
Why?

[Anonymous No.5893481]

>>5893136
>please god let this happen.
Erm, no - Don't let that happen. re-mortgages and loans to buy cryptos is insanity.

>more normie money pls. i'll be a millionaire
And when it pops the normies end up welfare en-masse, and then regulation and tax crackdown on cryptos.

Pink Wojaks everywhere, funeral business moons.

[Anonymous No.5893491]

>>5893423
why what? why let the cuckbuxx economy collapse while i accumulate more ETH and XMR? is that really a question?

[Anonymous No.5893532]

>>5893481
>and then regulation and tax crackdown on cryptos.
explain how they will regulate and tax my monero

i'm waiting

[Anonymous No.5893924]

>>5893532
IRS tax return when cashing out.
banning ICO on exchanges.
Anybody with over $1 million in cryptos given a full audit.
Coins with anonymity banned from being listed on exchanges.

[Anonymous No.5894068]

>>5893481
So? I'd rather be a multi-millionaire and pay 50k in taxes than be a wagey making 100k a year and paying 30k in taxes.

[Anonymous No.5894154]

>>5893924
>IRS tax return when cashing out.
>implying i would put money into a bank
ahahAHAHAHAHAHHAHAHAHAHHA

>banning ICO on exchanges.
irrelevant

>Anybody with over $1 million in cryptos given a full audit.
do you even know what xmr is? how would they know i have over 1 million in xmr, dumbass?

>Coins with anonymity banned from being listed on exchanges.
1) do you think the chinks will care
2) "banning" xmr AHAHAHA HAHHAHAHAHAHa
3) if you ban something people only want it more :^)

[Anonymous No.5894944]

But then how can we save the system, if not for what crypto is supposed to be, then to make money long term.

You're pretty much killing the goose that lays golden eggs here.

[Anonymous No.5894994]

>>5894068
Taxation and auditing, in the western world, is a bit more in depth than that.

>>5894154
I'll bite.

All you need to do is put fiat into an 'account', doesn't have to be a bank. As for banning ICO on exchanges, it's pretty relevant if the exchange or trading platform wishes to keep it's license.

As for XMR, if you decide to launder it, that fiat has to go somewhere first ...

;-P