Why are you all still on Crypto?

Why is it Jow Forums natural instinct to want to buy high?

OP is literally telling you to sell low and buy high, this is the epitome of Jow Forums

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Be fearful when Jow Forums brainlets all say they know the perfect strategy

can you guys elaborate what specifically trump did? I don't give a fuck about the politics, just curious what Obama had in place that kept the market going up

>implying this is the bottom

Artificially extending the bull run

how

Tax cut can stimulate the economy in sr but could fuck it up even worse in lr.

lol

Is google broken for you? If not, feel entitled to do your own research and help educate yourself. You can start by looking at dodd frank scale backs

Not going to be the dickhead who tells you to Google. I understand most of the USA does not follow politics or even the news, which sucks, but it is what it is.

Obama officially ended the recession by cutting taxes and extending unemployment benefits which aided in our GDP growth and pumped something like $250B back into our economy.

On top of that, he regulated big banks who were the cause of the recession by instituting Dodd-Frank, the CFPA and the FSOC which regulated banks who if they collapsed would demolish our economy (and collapsing they were since their practices were incredibly high risk and they all fucked up)

He also introduced fuel efficiency standards which saved trillions of dollars for Americans and at the same time helped our environment.

He brokered the world's largest trade agreement which removed tariffs and made it cheaper for us to import goods from other countries.

He created more jobs than any other President in history.

Trump has done the following:

introduced further tax cuts at a time when the economy is a financial powerhouse and stocks are at an all time high, which is literally the opposite of what you should do (simple rule - raise taxes when economy is doing well, reduce to increase spending when economy is in the shitter).

Repealed Dodd Frank and shut down the regulatory agencies which kept the big banks in check (LOL!)

Repealed fuel efficiency standards so that big oil would make more money, costing American citizens more out of pocket and of course helping progress us further towards Shanghai levels of pollution

Started multiple trade wars, directly leading to increased cost of imported goods which will have a direct negative effect on our ability to produce our own goods.

Pissed off every democrat, liberal & socialist seemingly on purpose and divided the USA basically in two

>implying I don't have bear ETFs ready to gobble up the tears

Bring on the crash faggots

nothing, these guys are idiots. The market has been fake since 2008 due to QE. Obamas other policies didnt matter

>stock market
>a market pumped solely on cheap money printing and sharebuybacks.

The music is about to stop

Long term, Trump's economic policies thus far are likely to (and this isn't my opinion, but the opinion of the majority of the world's economists):

1) Create a large national recession
2) Destroy jobs on a massive scale
3) Create a much larger wealth divide, effectively eliminating the majority of our middle class (Many middle classers will become upper class which is good for them, but poor people will be eternally fucked with very little chance at economic recovery in their lifetime)
4) Make it literally impossible for us to compete in trade, essentially securing China's position as the global dominant economic powerhouse.

Thanks a ton

Then we should be expecting a bear market soon or an even bigger correction, no? Been about 3 years since the last one

Soonish

I hope sooner rather than later so we can get this recession over with before I graduate

>1) Create a large national recession
how?
>2) Destroy jobs on a massive scale
How?
>3) Create a much larger wealth divide
How?
>4) Make it literally impossible for us to compete in trade, essentially securing China's position as the global dominant economic powerhouse.
How?

>but the opinion of the majority of the world's economists
Is this like the "(((experts))) agree" meme?

I often find that all you have to do to expose a person's stupidity and ignorance regarding a topic is to ask questions.

>r/iamverysmart found Jow Forums
remember, if you pay someone to dig a hole then have that someone pay you to fill that hole, you've boosted GDP and therefore saved the economy
never look at long-term consequences or living standards of the baseline citizen, nevermind wealth disparity increasing, an objectively good economy is measured by the amount of cheap chinese shit we can sell to the lower classes right as we sneer at them
drumpfblblblpsscchhh!!!

Oh great, it's another episode of "retard took a semester of Econ 101 and thinks he's Milton Friedman"

tucc BLOMPF

Are you fucking retarded or what? He's saying the stock market is at the top.

I think his post went over your head, pal. Let me break it down for you.
>OP Subject: "Why are you all still on Crypto?"
>Shills to buy stocks
>Reply: ">buying (stocks at) the top"
>Response to that: ">Implying this (crypto) is the bottom"
He's arguing that buying crypto is not much better right now because this is probably not the bottom yet

Interesting, I find that people who can't put two and two together are the people who expose their own stupidity. I'll humor you because I feel bad for brain-egoists who actually don't have much brain power:

1) As I already stated, standard economic practices are that in times of economic surplus you should increase taxes to help pay down debt. By increasing our debt during a period of surplus Trump is actually working to drive the economy down as the debt begins to show in deflationary measures & our inability to afford to import goods we need or pay people adequate wages.

Obama issued tax cuts at the right time, when we needed an influx of cash into the economy, and it worked wonders. The economy recovered and spending reached all time highs. People were in good shape. However, economies need balance. Continuing to introduce more and more tax cuts is a disaster of a plan. I will admit Trump unfortunately inherited an economy where playing the bad guy (i.e. raising taxes) was the smart move and that sucks, but of course given his huge fucking ego instead of doing the right thing he thinks he'll look like a hero by introducing more tax cuts. Little does he know (since he's a fucking brainlet), this will inevitable destroy his reputation and he'll go down as one of the worst U.S. Presidents in history for it.

2) Linked to the above, as we enter a period of enormous debt, wage growth is going to slow and in fact the ability to pay for certain jobs will dissipate altogether, which will be even more burdened by the fact that companies will have more and more choices to utilize technology in stead of workers. Since we're unfortunately not investing in our tech sectors, it becomes increasingly likely those products will come from other countries, so we won't even see any financial benefit or jobs creation there.

3) If Trump had only introduced tax cuts for the poor, or better yet - balanced out those tax cuts with tax increases for the wealthy - we wouldn't be in such dire shape currently.

Unfortunately, he cut taxes across the board. A poor person says "yipee, an extra $1,000 in my pocket!". The rich person says "yipee, an extra $100,000 in my pocket." The dollar says "oh no, I'm worth much less now". The TV says "oh no, I cost much more now". Suddenly that poor person is actually poorer despite having more dollars, because the cost of goods has gone up and their dollars are worth less. The rich person is hurt much less because they already had more money than they needed and because they actually got SO much more money they may even sometimes still be gaining via investments (which the poor person has no access to). This is a story we've seen globally multiple times. The wealth divide will be nearly insurmountable. It'll take several generations to get back on track.

4) Dollars worth less. We think we're going to increase manufacturing jobs (kek) and shut out the world and turn back time to the 1950's (double kek), meanwhile the rest of the world is investing in technology and global trade. Now we don't make anything and we can't afford anything from other countries. You do the math.

And no, if you read pretty much any fucking economics report or journal you'll see there's no meme. It's literally just that experts agree.

>Appeal to athority with no proofs

The experts are trapped within the confines of their normality paradigm. It is precisely "standard economic practices" that have got us here and more of the same is merely kicking the can. Already the wealth divide is insurmountable and thats the way the rich folk want to keep it. The vested interests will peddle the same nonsense that got us here as the solution as their whole existence depends on keeping the status quo not change. A real radical shift is needed not more platitudes.

You can't just effortpost with no sources and then pretend that you proved something. I could do that too, but it's disingenuous.

>"normality paradigm"
Do you even believe the diarrhea coming out of your mouth?

Economists look at history. History repeats itself. History is now repeating itself, pretty much line for line. It's not hard to predict this shit when that's the case.

I'm not going to debate you on a "real radical shift" being needed. I'd agree with that whole heartedly. But if you think TRUMP is providing that, I have to suspect you to be retarded.

do you really think the bull will last in the equities markets? you have something else coming to you if you still are bullish. we already hit a top, most technicals are saying a recession is coming soon

Alright, time out for a second, what the fuck is UP with this r*ddit spacing. Do you really think it makes your posts more readable? Does it hurt to type normally, or do you have legit (no memes) autism?

how does crypto play into this, will it negatively be affected?

Alright, back to addressing the actual content of your post.
>History repeats itself. History is now repeating itself, pretty much line for line.
Yep, back in 1920 I believe, a man named Gronald Drumph became president and MAGA'd too hard, literally the entire news media was against him in every single thing he did, and then the stock market blew up, injuring thousands

"WAAAHHH TIME OUR MOMMY REDDIT SPACING"

Jesus. Fucking. Christ. Why is that even perceived to be cool? You look retarded when you type so you expect everyone else to? How do you not hate yourself?

My country is going down the shitter, crypto is volatile but at least if my country's money fails. I could theoretically start over in EU or USA with some money instead of nothing like the Rhodesians had too. Literally lost most of their money over night now they call it Zimbabwe.

Obama raised taxes by letting the Bush era tax cuts on the wealthy expire

Regulating big banks ironically hinders an economy in the short term

Trillions from fuel efficiency? No. Plus that hurts jobs in other areas of the economy and increases the cost of vehicles. Trillions...

Brokered the largest trade agreement which never went into effect despite Trump cancelling it.

He nor Trump create jobs.

Trump repealed future fuel efficiency standards, not current ones. He didn't repeal Dodd Frank. Just part of it. Congress approved beyond partisan lines.

Not saying I agree or disagree with any of the policies but goddamn your analysis is beyond retarded.

Anything I failed to mention, you're correct.

I never even mentioned Trump and if you dont understand what I said perhaps I should have aimed lower. Economists are trapped within the confines of their own mind. History doesn't repeat it merely rhymes. Dont get sore when someone exposes the real problem it affects us all. When vested interests are so tied up in the system with their pensions, reputation, yields they sacrifice true innovation as they will be ruined by real change and must protect the current system at all costs to protect themselves. The Keynesian doctrine peddled as the absolute answer is not working nor fit for purpose.

My general perception is that crypto still needs some catalyst(s) such as more solidified real world adoption or SEC regulation/approval for these things to be highly correlated, but in either of those events an economic recession will destroy the stock market and people will be looking for better vehicles to place their money. Crypto would be a likely candidate in that event.

If we remain in our current state, I think people will pull out and look for safer & less volatile investments.

>Get's BTFO'd, turns into a juvenile shit talker with zero valid arguments
Welcome to children who would have voted for Trump if they were old enough to vote town.

sources? the dude just gave you the summary of a 300 level international economics course. Go read every economics textbook produced in the last 20 years for your sources. These are universally understood concepts in economics. I don't ask you for a source when you say 2+2=4. Fucking brainlets on here made 2000 dollars trading crypto and think they know shit about economics

I'll correct myself. Obama temporarily cut the employee's contribution side for social security.

Dude you got bodied, just accept defeat

americanbullion.com/is-trump-the-modern-herbert-hoover/
Pajeet

lmao

These two effort posts have a lot of bullshit but I'm going to break down your argument in the three ways you make it sound.
>Debt is a shortrun problem
Bullshit, monetarism doesn't apply to the US at all. This is thanks to the petrodollar recycling system made by the Nixon administration which makes it so our debt can be payed off by the US' number one export, USD. Because of this the US doesn't need to worry about debt in the short run since it can just print out more money to pay it off meaning it doesn't need to collect it in tax, and there is no effect debt has on people's perception of the US economy in the short run due to this. Read any basic macro economic literature and they will show that US spending habits and recessions have no correlation.
>Debt is a longrun problem
This is true debt will become so big eventually others will be worried the US will default and this will effect the perception of the economy likely leading to a downward shift. Is that now? No. Is that in the near future with current spending habits? I doubt it, foreign debt to GDP I'd say must at least rise to 50% before this will happen is where I put it. Better policy would be cutting gov programs.
>We should focus on IP instead of manufacturing
Trump was elected by those who wanted to secure their manufacturing job security because the IP people have been shitting on them left and right. If you want to make a utilitarian argument that it'll help everyone eventually then you are wrong because this will lead to labor shortages for home manufacturing jobs forcing them either out of the labor force or into jobs that are held by immigrants and those just entering the labor force which will lead to drops in wages leading to less being willing to take the jobs leading to more low IQ migrants being imported. This system is already in place and is already hurting the economy a lot because spics inherently just can't be moved up into IP jobs as easily as whites.

>hurr durr I took an econ 101 course
>econ 300
hahahahaha

I got bodied.

Yes, I totally got "BTFO'd" when you said that history repeats itself. Because it's not like you can just say that for anything. We used to lynch niggers. History repeats itself, practice your lynching skills now!
Lol when you say shit like "history repeats itself" you need to justify that statement and identify which part of history you think is repeating "line for line." Otherwise you're just pulling shit out of your ass.

>time out for a second, what the fuck is UP with this r*ddit spacing

this is the most reddit thing I've ever read

4channers posted like this long before anybody even used plebbit as an insult. The only reason this is a complaint in the first place is because some redditor who KNEW about reddit spacing brought it up to try to fit in. So fuck off you cretin

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>t. samefag r*ddit spacer

the type of person who can never accept that they are wrong so they make a fool out of themselves while they try to save face.

Explain which part of history is repeating itself, retard.

>experts agree
My favorite euphemism for I have no idea what Im talking about

Republicans are laughably atricious at the economy. In the depth of a recession, the one time when a government should deficit spend they argued strongly for a balanced budget. Now that the US has left the recession, and now genuinely needs a balanced budget, the republicans have achieved power and are about to run a massive budget deficit.

Absolutely shit tier policy.

Why don't you get the republicans to manage the non-whites and the democrats to manage the economy? Seems like a win-win?

>Democrats
>Good for business
Pick one and only one. Democrat (and left policies in general) are only good at two things: high taxes, and high crime rates.

How can you Trumptards be so fucking retarded?

>post bullshit opinions
>no sources
>samefag
alright

>Attacking the spacing and not the argument
Lotta stupid people in this board. You should go back to /pol son.

>Attacking the spacing and not the argument
hurr durr that's why it says "time out" and then directly after it my next post says "now to address the actual contents of your post"
Does it hurt when you try to act smart?

>opinions
Left-wing policies (for the most part) are backed by evidence and science about the way things work.

Right-wing policies consist of libtards spouting

>> muh competition
>> muh free market
>> muh low regulation
>> muh laffer curve

without understanding the complexities of various market failures.

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>Left-wing policies (for the most part) are backed by evidence and science about the way things work.
>Right wing policies consist of economics
decent bait, almost got me

>plumit

>Being this mad
user, just because you want to offend liberals and retard snowflakes by electing Trump doesn't mean he's good for the country.
He's gonna run the us to the ground with his stupid policies while his fans encourage him. You're begging to get fucked in the ass and enjoying it too.

Literally don't care, I don't live in the us. But it's gonna be fun to say "told you so" in the end.

lol

DOW 200-day moving average being tested again. This baby is ready to go down. I'm 20% stocks - 80% crypto at the moment

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>Getting bodied so hard and being so retarded that the only thing you can muster with your miniscule brain power is "lol"

>booming economy
>record low unemployment rate
>manufacturing coming back to the us in droves
>negotiating world peace and equal trade for the us

Le Drumpf ruining this country that Obama made great

Yep I got bodied
lol

Huh, you're not as stupid as I thought. At least you know when to give up.
I forgive you pleb.

hey i thought it was funny too lol

lmao

Dunno man, I don't like to laugh at retards but this guy is a whole new level of 'tardness.

>Anybody with 1 semester of High school economics can tell you that when the economy does well alternatives to the USD such as Gold, or Crypto plumit in price. Sell literally every Crypto now and wait till 2019 when wallstreet drops due to the election scare to rebuy ya dingus.

I'm shorting the USD right now because the positions are so cheap, I'm going to take a short position on BTC and buy some precious metals.

That said Crypto isn't strictly tied to USD, and when USD droops other currencies may not, plus we know that Crypto has alternate uses than just a investment instrument - which will continue to drive the volatility that will see bulls and bears

>'tardness
*SNAP*

Keep replying to me slave, that way you might win my approval some day.
I'll tell you when to stop. But for now keep replying.

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lol okay retard

You don't base your investment decisions solely around political moves and interference. What the Federal Reserve does is 10x more important than what any sitting president achieves or fails to achieve.
In case you 2 assclowns didn't notice the Fed raised interest rates from the negatives in late 2015, this signaled to the market that the economy is rebounding and that faith can be restored.

Good dog, keep replying.

Idiotic, the government is merely one single factor in a complex global economy
>Labor and households
>Capitol and entrepreneurship (Business/Corps)
>Government
>Banking
>Federal Reserve economic controls (Interest rate and the overall supply of money)
>Foreign Competition and banks
>Foreign Governments

Everything the Federal Reserve does is 10x more important than what the US gov does

You have been replying to me this entire time, that makes you worse than a dog

>Genuinely believing that our economy is structured around the government, and that most of the shit our government does matters in the economy
>2018
>The only things the government ever successfully managed to use to influence the Economy were QE and the New Deal - regulation influences the short term, and business adjusts to compensate

>HURR DURR THE GUBMINT IS A MAJOR INFLUENCE ON DA EKONOMY AN DA REASON WHY DA EKONOMY DOES WELL OR POORLY

Yikes, didn't know it would be this fun to have a slave.
Keep replying my little dog. I might even give you a treat ;)

"Economists" or ((("Economists")))

I don't even have to tell you to reply, you already know to reply, like a good obedient servant.

>HURR KEYNES WAS RIGHT
>HURR DA GUBMINT IS DA MOST IMPORTANT FACTOR ON DA ECONOMY

This whole thread is just wow.
>crypto is a booming market because its deregulated
> regulations start being placed on crypto and the market immediately takes a hit
>hurr durr deregulation in American business will kill the market

What the fuck? Has nobody seen what havoc regulation in the EU is doing to their economies? Does no one see how lower regulated markets in cities like Hong Kong cause their markets to flourish despite crushing poverty in their neighboring cities?

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The slave thinks he's the master. AHAHAHAHA.
Pathetic slave. I will leave now, but not without giving you a direct order to reply.
If you don't reply I'll kick your fucking ass.
I'll know you'll do it because you're a good slave.
See ya everyone :)
Take good care of my slave.

The left wing advocates garbage like Keynesian spending, believes that the government is the major factor influencing the economy, because they want a Centralized, Planned Economy and a government with that power.

The reality is alot more complex than Obama extending retirement benefits, or Trump bringing back Tariff's. The Fed raising the interest rate at the end of 2015 alone is more important and has more lasting impact on the economy than those two events

You shouldn't make fun of people who are brain damaged. It takes a special kind of retardation to genuinely believe that Democrat policies are good for any economy.

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>What the fuck? Has nobody seen what havoc regulation in the EU is doing to their economies?
Well here's the thing, people who live in the EU are generally not entrepreneurial minded, so they usually don't know what it's like to actually have to deal with the regulations themselves. They are content just wageslaving day after day and cheering on big government for "sticking it to the rich."
When all that is really happening is it's just becoming harder for small business owners to comply with regulations