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All money goes to crypto as fiat crash and then less money left for mortgages and real estate crash and crypto goes 10x
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I see there is a strong correlation between SPY and Bitcoin prices. BTC has a higher beta, however. Whenever SPY tanks, BTC tanks twiiiiiice as hard, (as it was the first time, I said good byeeee) In March, BTC dropped from $10k to $5k. I am calling for another BitCoin wipeout when the market crashes.
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I guess OP was telling the truth.
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Deregulation is inconsequential at this point and real estate values have correlation with foreign exchange rates. Supply in RE alludes to the property you want to purchase or sell. As a result, currency is in demand because of EMH in due to supply/demand. RE is simply one of the assets tied to availability of real loanable funds. Availability of real loanable funds. Fx rate. Cost of goods. The reason real estate prices are declining is because there is a decline in availability of real loanable funds. A decline in loanable funds is a result of foreign exchange rate decrease. The market is responding to an inevitable future FX decline.
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If BTC goes to $100, you can lose HALF your money if it goes to $50
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I'm not sure if what you wrote is just a trolling, or really your knowledge is so little.. I have been investing longer than you have been alive. My knowledge of trading dwarfs yours. You have no idea what you don't even know. There are 100's of other threads where you can talk about how Bitcon is great. This thread is for people who knew that Bitcon was a tulip scam, and that people would lose a lot of money buying into the myth. We can now discuss how we were right all along.
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Can we speak freely, or is this a censored board? Mods, I will gladly edit anything that is bad tOS, but I want to discuss BTC aftermath with other seasoned minds.
Let's talk.
If you never liked Bitcon, this thread is us. I always saw this as a total bubble 2.0 You knew these CluckCoin ICO's were a money grab. Pure tulip mania with celeb rappers and everything. PT Barnum lives on!
Face it, part of me is vindicated after being called old-economy fools who were status-quo dummies using cash and "outdated "credit cards Well, I don't feel dummy now?
All these genius SV tekkie podcasters touting the future. How they were going to leave all the old economy Luddies behind. Where are all these smug 25 year olds now? Welcome to grown up, your first bear market, kiddo. Hodl new global economy! Wealth building is more complex than buying tulips, ain't it, son?
In 2017, you came here to see what kind of suckers were buying Bitcon (clueless naive retail investors)
In 2018, you are here again to see the .com aftermath play out again, as the suckers will HODL to $0. (I will not sell at anything below $20k!!) Those of us who have seen bubbles past have seen this thinking over and over. It never ends well.
We can agree that Bitcon is a failed technology. 9 years, and it has basically zero adoption. No one uses Bitcon after 9 years. Why? B/c its a joke. Slower, more complex, and more costly ($50 a transaction!) Anyone who thinks Bitcon will get adopted does not have the first clue about how technology works
We can also agree that Bitcon is also a failed speculative vehicle. It is 80% off the high. The public will never pile in with FOMO again. So, it's game over.
Replace the USD Fiat? LMAO. Clueless investors who think they understand monetary policy by reading a Wikipedia page.
What were some of your favorite Bitcon memes? Let's hear some stories you've heard of.
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It will never go to $20,000 again. It will go to $0
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In a bully market, everyone genius. Even u. Now, you have seen what a true market did. Not just go up up up like a fairy tale for unicorn farts. You thinking some secret while everyone else was outdated dummy? NO.
You have now seen your hodlings get crushed! U are some big fool in the end.
How do you feel, coin boy genius ?
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When is my Rolex? I am Bitcoin so rich and Lambo soon? Cheaper Bitcoin means more rich for me
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Ether now at $125 Pump and dump going strong. Ether will be at $0.
Bitcoin is the ruler!!!
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Wall street needs to diversify; not Exxon. For example, in a down-market auto parts companies do well (because people want to keep their older cars running) so those companies are used to balance a portfolio with auto manufacturer stocks. Similarly, since oil and gas is positively correlated with automotive, electric is a threat to am otherwise"optimized"portfolio. Environmental interests; same thing. 99% movement; same thing. Do you think middle East instability truly raises costs at the pump even though the vast majority of petroleum is sourced locally in North America? Do you think the valuations on track socks that play by the wall street rules are sustainable? It's a bunch a malarkey the person gained enough market traction to question it is being outcast as a phony. Not a coincidence. Blankfein,Cohn, dimon... These are the power players today and rest assured that when given the choice between sustainability and near term gain, they will choose the latter.
The biggest concern today should be the decisions of Google, Apple, Amazon and Facebook. This oligopoly is heading down the road of AI; a dangerous and unpredictable road. The money games being played by these legacy leaders is not only shortsighted, it's irrelevant to the problems mankind will have in the coming 30 years. The blind groupthink is actually coming from those who live in the past they governed. Their efforts to suppress innovation will fail. The collective superconciousness of people is driven by open, unsupervised communication is too powerful. If you lower the waters around Hawaii, it's all just one big island. Competition is a farce.
Value lies in ideas and experimentation; not ownership of assets. In the 80s, banking was a bore. These people got creative when They started creating high speculation financial instruments; which was another sham the nobody called out because it gave the masses a false sense of comfort. I'm glad they are all getting fleeced. This system is fundamentally flawed because the value behind the numbers is created from thin air. It's a self serving system that has gained traction only because it was successful at feeding lies to the public. It has led to massive income inequality, suffering and exploitation. Change has been and always will be a certainty. They will fail because the collective intelligence of people is realized the meaningless Chase.
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It’s going to ONE MILLION USD, b/c anti-Virus expert MacAffe said so! In only 10 years of existence, it went from some anarchy gamer currency to Helen’s Pizza accepting Bitcoin for PIZZA !! God only knows what the NEXT 10 years will bring!! How about replace the entire world currency printing press USD fiat anyone?? OH YEA!! Buy now or forever be priced out !!!!!!
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Ether is at $192.... Down 85% from its peak. Textbook pump & dump
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