Markets and crypto jumped off a cliff. Why?

gestapo

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So, this announcement about sky high dollar inflation should mean the dollar is *devaluing*. Other things like crypto (my entire portfolio is of course devaluing now at breakneck pace) should increase in relation to the dollar in that case, but they are going down even faster. Why? And it's not really a sudden cliff - I mean, it is, but Bitcoin et al. have been bleeding out now for months. If the dollar is losing value, why are other things not worth more dollars?

No, I'm not a financial expert, actually.
 

Andrew Anglin

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I think people are scrambling to fix their ledgers as things are falling apart, so they're moving shittons of money around. Plus retards are just dumping because they think everyone else is dumping.

But I'm not an expert either.
 

marcion

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Word around the campfire is that Citadel and Blackrock hatched up the bitcoin attack.

Remember, it's only a loss if you sell.

Look at what happened to Russians having assets of all kinds seized around the world. That's not possible with Bitcoin and it's a lesson people will soon understand.

No need to panic here.
 

anti-barabas-ite

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Word around the campfire is that Citadel and Blackrock hatched up the bitcoin attack.

Remember, it's only a loss if you sell.

Look at what happened to Russians having assets of all kinds seized around the world. That's not possible with Bitcoin and it's a lesson people will soon understand.

No need to panic here.
Panic makes a jew money..
Never panic, just calmly reload
 

DaveA

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So, this announcement about sky high dollar inflation should mean the dollar is *devaluing*. Other things like crypto (my entire portfolio is of course devaluing now at breakneck pace) should increase in relation to the dollar in that case, but they are going down even faster. Why? And it's not really a sudden cliff - I mean, it is, but Bitcoin et al. have been bleeding out now for months. If the dollar is losing value, why are other things not worth more dollars?
Because when investors get scared, they cling to an asset that's sure to survive until the end of the world. The US Dollar is that Last Asset, because when it becomes worthless, the world as we know it ends. Dying alongside the dollar are the US government and any property rights enforced by that government. Every other first-world country is a vassal state of the US, so their currencies die before ours.

Russia and China are somewhat independent of the US, so they might hold together longer, or break apart sooner. Neither has a political elite measurably smarter than ours, and both are bogged down in extremely costly and destructive wars they expected to win easily -- Russia versus Ukraine and China versus Covid.
 
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Enigma

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It's a crash, the herd panics and sells off, other people who usually buy still wait with buying because they see it dropping. Hope you took some profits before, now keep calm and wait for the bottom to buy again. The problem is once the herd gets nuts prices can go down 70-90% here and there. Anyway it mostly recovers over the years.
 

Luqid

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The stock market is a scam casino and crypto is just a plain old scam. That's why.

Suck it crypto faggots. LOL
So crypto fags are more fags than stock market fags?

Who is the most/least fag?

Are mineral currency investors fags as well?

Is there any non fags from all the fags?

LOL
 

CuzinEd

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Because when investors get scared, they cling to an asset that's sure to survive until the end of the world. The US Dollar is that Last Asset, because when it becomes worthless, the world as we know it ends. Dying alongside the dollar are the US government and any property rights enforced by that government. Every other first-world government is a vassal state of the US, so their currencies die first.

Russia and China are somewhat independent of the US, so they might hold together longer, or break apart sooner. Neither has a political elite measurably smarter than ours, and both are bogged down in endless wars they were supposed to win easily -- Russia versus Ukraine and China versus Covid.
No, China is not independent of the US dollar. Even China has admitted that there is no other alternative for them. 90% of transactions that happen globally are done in dollars and euros. Yuan makes up 3% of that other 10%. No one wants rubles or yuan. China can't save itself and it sure as hell can't save Russia.

China is tied to the US economy. Once the US decided to cut China off or something happens where China is no longer a reliable source of cheap foreign labor (Think China virus) their economy will collapse. China might not even survive another 5-10 years. China relies far more on imports than the US does. Especially imports for important things. No one really needs a smart blender.


China's Banks Hold Emergency Meeting as Policymakers Fear the Worst - YouTube
 

Luqid

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No, China is not independent of the US dollar. Even China has admitted that there is no other alternative for them. 90% of transactions that happen globally are done in dollars and euros. Yuan makes up 3% of that other 10%. No one wants rubles or yuan. China can't save itself and it sure as hell can't save Russia.

China is tied to the US economy. Once the US decided to cut China off or something happens where China is no longer a reliable source of cheap foreign labor (Think China virus) their economy will collapse. China might not even survive another 5-10 years. China relies far more on imports than the US does. Especially imports for important things. No one really needs a smart blender.

So china are fags?

LOL
 

Arminius

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Charles Hoskinson, the pussy, already deleted the tweet. He posted an image explaining the theory about Blackrock. Here is a website having the deleted tweet in it:
 

CharlesWorthing

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UST/LUNA is under attack. LUNA has fallen 99% or something like that. LUNA had huge money tied up in it as it was supposed to be quite a stable investment.

Fantom had a whale get liquidated because he locked up $55 million of tokens as collateral against an investment that turned to shit. Then his collateral, which was Fantom token FTM, started to fall. A lot of his tokens got liquidated and dropped the FTM price. This liquidated other people and so on and so on.

When people see a broad drop they panic sell.
 

CharlesWorthing

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Charles Hoskinson, the pussy, already deleted the tweet. He posted an image explaining the theory about Blackrock. Here is a website having the deleted tweet in it:
I saw a screenshot of a tweet by Gemini who say they never lent the BTC.

But people do get together to crash projects, especially stable coins. People tried to depeg MIM (Magic Internet Money) recently.

A broad attack against projects could be an excuse to force a central bank digital currency on everyone.
 

Cheese Enthusiast

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If the dollar is losing value, why are other things not worth more dollars?
My guess: it doesn't make sense because your main assumption is wrong. The dollar is not losing value, at least not in the way you think it is. It buys less commodities, but it buys a lot more stock, crypto, and soon real estate that it did 6 months ago.

I'm a financial retard, but I started going short tech in December because speculative assets were crashing and I realized engineered shortages and asset bubble pumping is not systematic inflation. At best stagflation and likely at some point deflation. The inflation hypothesis is correct on a long time scale but it happens in cycles, we are currently at the end of the cycle that started in 2020, the cycle before that was 2008-2020. These boom bust cycles will probably continue to get shorter until it totally blows up or we inflate to the moon. People were screaming inflation in 2008 when oil was $150 a barrel, it's an end of cycle feature.

Crypto is now almost 1:1 correlated with tech, that's bad because tech is fucked. Crypto also has the lovely attribute of being rife with scams, frauds, and weaknesses like the UST, landmines like Tether that become more likely to go off in a down market. Buying now is high risk. Because I don't think this is the last cycle, I will gladly wait until the sentiment reverts to "I'm never touching internet money again."

The fed should have started tightening in early 2021, instead they let easy money inflate the asset bubble for another year and are now tightening into a more indebted and weaker economy. This will cause a recession (it started a few months ago). They won't reverse course until it's too late because everyone is worried about inflation. Unlike in 2001, 2008, and 2020 they have very little room to pivot on. Also there's no guarantee they can even save the markets once they do pivot.

The dollar is not dying but surging, and this understandably has confused a lot of people. It's garbage fiat but its King of the garbage fiat. The DXY is higher than its been since 2002, and its gonna keep going higher. Precious metals are down. The 10Y yield has exploded, but its still only at 3%. A stronger dollar sounds stupid on its face when we see the loss of purchasing power, but it all comes down to the current supply and demand for dollars, which is a complex topic.

I think the most likely scenario is the fed's plan is to continue to destroy asset values while everyone's in debt up to their eyeballs, then offer debt relief if you adopt a CBDC or digital passport. They can't have a great reset if people feel wealthy, they need to create the problem so they can offer the solution. They also can't roll out a new fiat currency if they just destroyed the last one. It's important to remember that inflation benefits debtors and hurts lenders. The people are debtors and the banks are lenders, I'm not betting on the people winning.

The bluepilled take is the fed has no idea what they're doing and is making a policy error, but they all sold at the peak so that would mean they're dumb AND lucky. The schizo take is the Dark to Light antichrist Q movement takes down the financial system and rolls in with NESARA, and the great reset gets swapped with the great satanic awakening - would be good entertainment, but not likely.

I still have some crypto exposure as a hedge but I'm very ready for it to go to zero. Those betting their net worth on it are chancing they join the Luna crew.
 

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Because when investors get scared, they cling to an asset that's sure to survive until the end of the world. The US Dollar is that Last Asset, because when it becomes worthless, the world as we know it ends. Dying alongside the dollar are the US government and any property rights enforced by that government. Every other first-world country is a vassal state of the US, so their currencies die before ours.

Russia and China are somewhat independent of the US, so they might hold together longer, or break apart sooner. Neither has a political elite measurably smarter than ours, and both are bogged down in massively destructive wars they expected to win easily -- Russia versus Ukraine and China versus Covid.
I know you’re not an expert, but you’re right. Japan and the EU and still doing infinite QE. The dollar is the best looking horse in the glue factory. In fact, the death throws of the dollar will be a supernova and then a dwarf star: the dollar will increase in value before it is utterly destroyed.
 

CuzinEd

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So crypto fags are more fags than stock market fags?

Who is the most/least fag?

Are mineral currency investors fags as well?

Is there any non fags from all the fags?

LOL
The stock market is a well know scam. They have been fleecing people with the stock market, especially boomer since the 80's.

Crypto is a new scam. Most of the people involved in crypto are upper income millennials which means a small minority of people. Most millennials are lower middle class. They can't afford to get involved in the scam of buying money. The millennials getting involved in the crypto scam are boomer tier. Just like the actual boomers that fall for the the old precious metals scam run by Jews. Most of the precious metals are owned by Jews.

Precious metals are usually aimed at boomers. It's why you see some obese boomer walking around on the deck of an old mothballed US warship talking about investing in gold/silver and protecting IRA's or whatever shit boomers worry about. Which is one of the reasons why I said I hope the crypto scam collapses soon because I don't want to have to watch some obese middle aged horseshoe balding millennial boomer walking around talking about crypto.

Precious metals are scam for the same reason crypto is. Whenever you have someone claiming that something is more valuable and telling you that what you have is losing value but they want to sell you their valuable stuff you should be smart enough to know it's best to walk away. If not you are just a dumbass. Gold and silver value drops and people sell it off. Some hold onto it of course. But the majority of them sell it. Then they come back again in a few years and buy it back from the Jews at inflated prices after lengthy doom-splain campaigns. Rinse and repeat.

I would say the precious metal boomers are slightly better off because they can actually hold their gold and silver. No one has any physical cryptos. That is if they are boomers that didn't get involved in the paper gold and silver scam.

It's all boomer tier.
 
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