You fucking idiots, the global economy is about to collapse

Apparently you are behind the curve and have missed the many threads here on Jow Forums that myself and others have been putting out over the last several weeks about this very subject. All eyes are on Deutsche Bank as it will likely be the first domino followed by HSBC.

>economy collapses
>people buy into crypto for safety
>crypto pumps the fuck up

This could not be a loss.

Buy bitcoin and precious metals

You can't because you'll lose it all if you win.

How will PSD2 effect this? PSD2 ends the monopoly banks have on user data, so will PSD2 cause this to go down more?

Yeah, we've been discussing this for over a year. Most of us are in crypto because we expect the big dip to hit. There's going to be alot of money to be made if we play our cards right.

what's the global economy?

>they think people will rush to buy internet meme money amidst a literal global economic collapse instead of things with actual utility, durability and use cases like ammunition, food, water and precious metals

euros, dollars, rupees, yens, saudi arabian wife-raping rupees, etc.

italys banking sector will collapse that's why he wants elections. lira will be back soon

if nothing happens monday i want him to eat his dick

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Thanks bought 100k

Meme money enthusiast here so I’ll be the first to admit my bias. You may be right, but also you may not be thinking about how the very wealthy will continue to control and maintain wealth. Unless we go dark ages where we forego modern comforts completely, tech giants will rule the post-FIAT world because it is technology which will allow humans to survive and avoid chaotic descent. In that event, Internet money may be the one thing everyone is worrying about.

>the world will collapse if any government's monopoly money fails
You're seriously so fucking stupid...
First off, BTC and crypto has extreme utility tomorrow. Whether or not you buy that doesn't matter.
See, what you and stupid normies like you don't understand is that debt isn't wealth. What is your monopoly money? That's debt. Read it. It literally says "I'm debt" on the fucking paper. Go to your wallet. Pull it out. FUCKING READ IT.
Now, tell me again how you think the world will collapse and BTC will be worthless if the little line on the screen goes all the way down and flat lines.
Now, do you want to know what BTC and other like it are based on? It's simple - Maths. I mean, it's not simple for brainlets, but it's at least explainable, unlike monopoly money.
1913
FED

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No no, I've been assured and called a retard several times by experts on Jow Forums that there will never be a collapse and that I should not bother at all in preparing for any future difficulties.

Exactly. We never have this thread.

The absolute state of Jow Forums

This user fucks. Well said user. $1ml/Bitcoin soon

just fucking crash already so i can buy a super cheap 10 bedroom house in a good white neighbourhood

This. The way the global economy is set up right now...stoic hard working saving Caucasian and Asian men subsidize thots and Muslim/African men

bitcoin spawned out of the 2008 collapse as an antidote, hmm i wonder if another collapse will be GOOD or BAD for bitcoin price LOL

Deal with it nigger. NEETmers RISE UP

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>it's real this time guys i'm not joking

Not gonna happen...wealth has been pushed to the top, they are just going to buy everything.....classic Joseph in Egypt scenario, we are all about to become a real slave class.

It's been real each time, you just haven't noticed yet.

Collapse will happen when everyone shrugs a sigh of relief and says well, that wasn't so bad. Then the real collapse happens months later. We still have time to make another ATH in US indexes. The crash in stocks won't be like any previous. We will start slowly crabbing long term. Like what we've done since 2018 with some wider valleys.

the richest 1% of people on earth own more than 50% of the wealth. they dont care if boomers cash out, they'll just buy it all back and continue on this fucking ponzi. its unironically over. you simply stay in the legacy system and get absolutely cuckstroyed from inflation or you start moving your money/assets into the new financial system (bitcoin, crypto).

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Retard.

gold/silver aren't bad buys right now either. they can both still easily 10x

Buy food, seeds, medicine and most importantly bullets. Also know your neighbours.

ZOOM OUT

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Damn look at the logchopper on that holehaver

Based

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For real this time guys!!!!!! It's going down the entire system! Maybe then I could live out my apocalypse fantasy, maybe Stacey will finally appreciate my canned goods collection.

Good, fuck the EU.

Based.

definitely diversify. you dont want to be strapped into one asset. real estate *might* still be be good depending on location (metro cities would offer a much stronger hedge than suburban towns).

>the sky is falling
>again

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>one TYPE of asset
Yes. Real Estate shouldn't be bought yet, though. It would be better to get RE after the market crashes.

Aren't you guys worried that when practically every sector of the market collapses, people aren't going to fucking invest their meager, useless FIAT into crypto?

>HOLY FUCK, HUNNY, WE'RE ABOUT TO LOSE THE HOUSE!!
>"It's ok, just put all our savings into crypto!!"

I mean let's be real, the average boomer thinks crypto is absolute rat poison (thanks Buffet) and is propped up on speculation. Crisis money doesn't flood into speculative markets, it flows into water, food, gold, guns.

98% of the country probably has no idea how the fuck to use crypto, where to buy it, how to buy it, how to use a wallet, etc etc. If this market collapses, it's going to bring down crypto with it, don't kid yourselves.

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Fucking finally

Based

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people are fucking stupid who think money will flow from a recession.

the real big dick money thats going to explode bitcoin is the revolution movement of finance. when people have NO MORE FAITH in fiat currencies they will begin to move mass amounts of cash into bitcoin and only keep some fiat reserves for daily/weekly spendings. this recession will hurt bitcoin... the next recession will be what sends bitcoin into the stratosphere (im talking 20T+ MC. EASY.)

shame lightning network is a piece of shit.

you don't know whats coming fren...

It’s hilarious how the collapse of the financial system is entirely likely, yet the outcome of that imagined by most is entirely fantasy.

You won’t woke up in Mad Max land. Most business will continue to function just fine. The greatest losses will be in sectors offering no real utility - this actually works out quite nice if you are an actual right-winger. Further, the long supply chain will also suffer, necessitating the revival of local/national production and distribution.

What you are anticipating is the collapse of the globohomo empire. It is just like how the USSR collapsed. I’m excited for the change.

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>the real big dick money thats going to explode bitcoin is the revolution movement of finance. when people have NO MORE FAITH in fiat currencies they will begin to move mass amounts of cash into bitcoin and only keep some fiat reserves for daily/weekly spendings.

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think of it this way. bitcoin cant make significant gains because the old people cant comprehend how something thats a meme can have so much value. so they stick with the US dollar. the kids growing up today are learning about bitcoin and WHY its inherently a better asset to hold than shit like fiat currencies. these are the people who will underestand the value behind bitcoin and will widely adopt it as a form of payment for providing services/products, etc. people will be refinance their houses to buy bitcoin and this will only inflate the USD/price of BTC. its going to be such a fucking beautiful spectacle as bitcoin gobbles up every single asset class into itself. you cant think small. this is so big my mind cant even wrap around it, but its true.

That’s why litterally all board balls deep in link. How new you are

That is true while people have a functioning USD that retains value more or less. Now, consider a scenario where that is no longer the case - there are plenty of historic examples to read up on. Necessity is what will drive people toward btc.

so what is that graph? explain why this crashing would cause the economic collapse?

something like this. you have to think herd mentality. right now no one really gives a shit. price will go up. theyll say oh look the price is going up, not acting. price will continue to go up. theyll say oh look its slowly approaching the value of other asst classes. and thats when the little guys are going to drive the price up to the heavens. people will be tripping over each other to get in because its SECURE, its MOBILE, and its TRUSTLESS.

New paper currencies will emerge that are pegged to btc for value. That can literally be done overnight. Bank on it.

this will be how the central banks try to save face. but itll honestly might be too late at that stage. but idk, i can see something like this working out. the problem is, the banks would "hold" your bitcoin........

Hyperbolic faggot OP shilling his own account.

>euro and dollar value backed in BTC

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We know, we've known since
i.warosu.org/biz/thread/S12612248

Also
i.warosu.org/biz/thread/S13987180#p13990044

Or you could just search warosu for bond yield curve inversion. This crash is news to Jow Forums and boomers, if you haven't been accumulating crypto in preparation for what is happening exactly now then II should probably fuck off back to R*ddit

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explain why things will be bad if it goes lower. and dont just say "BECAUSE THE PRICE IS TOO LOW!!". what does that mean?

remember 2 years ago when deutsche bank was about to collapse the economy if the price went below $10? its $6.67 now and things are fine. so explain why this is bad, please.

It’s how the banks can offer value! I’m all for it - back to their real job.

the euro and dollar will be worthless. it already is. have you not been paying attention goyim?

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I’m referring to what happens after people lose confidence in those. If we immediately need a new currency and want to use btc for transactions you can easily accomplish that by issuing paper. This is why the btc transaction limitations, etc, are literally no big deal.

brappers are life

people have already lost confidence. realistically youre not holding dollars. youre in stocks, real estate, VC's, etc., for yield.

someone please explain to me how all these startups who are losing billions yearly have stock valuations in the 100s? how the fuck can a stock thats backed by the profit of a company be worth billions in MC if the company itself has never been profitable. and then to have the audacity to say bitcoin is backed by nothing. whew lad these wallstreeters really are the dumbfuck types.

This. Big tech isn't going anywhere. The irresponsibility of the financial sector has primed us for destructive creativity. Why the fuck wouldn't meme money pump if the fiat system fails? And where are big pockets going to safely hold if the equity pyramid scheme falls apart?

A deflationary currency is the answer. BTC and Libra are the future.

so that's what they meant by "healthy correction"

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it makes perfect sense to have the dollar backed by bitcoin which is backed by tether which is backed by bitcoin

im sure some quant is doing the math right now to come up with a valuation model for bitcoin but regardless its primed to become the real "hard" money of our generation.

yeah, for real. hell you don't even have to directly transact on the BTC blockchain. If you developed a middle layer that could transact for literal pennies, you could have a custodian that holds BTC on behalf of their clients and applies microtransactions to the BTC fund; micro as in less than 0.001 BTC transactions. Then just debit BTC to the clients wallet. I mean, it's centralized banking essentially but it would work in a pinch

One of the most idiotic things I ever heard

Yep. Someone here told me about the inverted yield curve and I took most of my money out. I'll get back into s+p index fund after it drops.

This. Please explain to a brainlet

Based

fuck the economy

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Already happening with the Libra coin and now an apple credit card

based. From what I hear, China's been blowing smoke about their economic numbers.. but their largest trading partners like Korea and Germany are reporting really bad numbers.. meaning the Chinese are lying.

t. 110 IQ Big boy

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You haven’t seen anything yet - losing confidence means no longer accepting it in exchange unless you plan to turn it around immediately.

The “value” in those companies is something that will evaporate overnight if globohomo finance stumbles.

>the Global economy only exists to keep niggers and morons alive.

I think you are forgetting (((somebody)))

Govs are going to use quantitative easing and then helicopter money during the next crisis there will be no shortage of FIAT

>valuation model for bitcoin

This is actually very easy at the endpoint of maturity (5-10 years). Between now and then it appears that “stock to flow ratio” is a good contender for tracking the growth curve. We are in the “distribution” period of btc - the price volatility results from that. Price will stabilize very well once that process is complete.

BTC will be used to denominate everything in the world. So a market cap above $1 quadrillion in current USD. Divide by 21 million.

Real purchases would still go out over blockchain - think a product purchase above say $100. Anything less, or transactions for services, can just be paid in paper because it’s easy to work with and doesn't clutter the chain. Within a decade that win’t be necessary as segwit implementations come to maturity. Right now, a credit card basically works the same way.

The price of btc will be what matters. As a deflationary model, there is less incentive to spend it.

Libra does not actually exist yet.

Yup. If China is suddenly exposed, a global panic will ensue.

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For anyone here who actually knows their shit, how long should I expect to wait before buying again? 2 years? 5? Should I wait for it to drop a certain %?

I never thought about this before so I thought it was an original idea but it's not. I'm basically describing Monaco. A custodial agency that holds clients BTC and debits a purchase based on a fiat value would be extremely useful; especially if they allowed the use of Libra or RSV along with traditional fiat options if those ever take off.

No fiat should ever be based off BTC, BTC should simply be a store of value for the clients wealth. And that assumes that BTC blows up to the point where large swings in price are impossible. I don't think it's feasible to write such a large volume of transactions on the BTC blockchain. I'm betting centralized banking will hold private blockchains that will record transactions and debit BTC from clients based on current prices, maybe pulled from smart contracts that have live price feeds. The debited BTC goes to the banks trading account which they can swap for other assets, or resell to clients who want to purchase BTC with their income.

AAAAAAAAAA MY BRAIN IS FULL OF FUCK I CAN SEE THE FUTURE

>quantitative easing
lol, yeah let's drop interest rates from 2% to 0%, that should do the trick. if the supply is infinity, it doesn't have value. negative interest rates are up next! it's going to cost fiat to store fiat

actually it exists to finance israel.

Global economic collapse =/= mad max

this is gonna be fucking BIBLICAL

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Wall Street is by no means dumb, they got the big brains over there. But they are arrogant and delusional to an extent. Blinded by their own greed and success

Oh boy do I got a project for you lol
stakenet.io

lmao irrelevant for price
you know that if LN goes live, the movement for btc goes up and the price goes down, right?
LN is bearish for bitcoin's price, but don't tell anyone