chainbulletin.com
>These past two days, what we saw was the market indicating that it does not see Bitcoin as a store of value (the asset class that performs best during recessions) but rather a high-risk gambling vehicle (an asset class that performs exceptionally poorly during economic downturns)
Wtf Jow Forums you told me that once boomer stocks crash, bitcorn will make me rich.
It's just antsy boomers selling while shit hasn't hit the fan yet because they don't actually know what crypto is. Once the stock market starts tumbling by the day and people are actually looking for stores of value coins will rebound.
>stores of value
>not gambling vehicles for degenerate zoomers
As if this whole crash wasn't engineered by the banks to try to make crypto look like it is not a safe haven from the coming hyperinflation...
This is a hit job, plain and simple.
Quite the conspiracy you’ve got there buddy
The last thing rich people will do when they see their value is going down is invest into something even more volatile. They de-risk during recessions and not increase their risk by going into bitcoin. Bitcoin mooning during recessions is a meme.
If we had flags, the two posts above me would be memeflags.
>Tether shenanigans: never audited, smells like a scam, run by known scammers, in trouble with the law, currently hiding behind “no jurisdiction” instead of “dindu nuthin”
>”REEE TETHER IS LEGIT (((((THEY))))) ARE TRYING TO MAKE US LOOK BAD
>zero evidence bank is tanking us and it’s some chinese scammer forces to unwind a ponzi and dump coins
>”REEEEE IT IS A HIT JOB BY THE BANKS AND THE JEWS!!!”
I understand paid corekek trolls.
But I don't get how actual BTC supporters (who do exist) can rationalize this.
>not understanding that recent downtrend of BTC was caused by chinks dumping 70k BTC from a scam
Why would you trust the most volatile asset class which is also only 10 years old to be a safe place from a recession?
pic related.
It isn't more volatile than a hyperinflating fiat currency.
Yep, boomer gold is unironically better
Don’t be like pic related. When I call crashes they fucking happen
It isn't negatively correlated with the stock market, there is zero correlation. Imagine thinking it won't reach a new ATH moon going into the halving. Please admit to biz that you were brain dead when this happens.
Unironically this. Even if PMs out perform crypto, you'd still be far better off than being in fiat.
There is though. And it's a positive correlation.
Tripfags get the gas.
Chainlink, however, performed very well under pressure even with the 700k daily dumps.
Real "digital gold"
The jews are fudding bitcoin topkeke.
Real talk bitcoin went almost 300% from 2016-2017 when the stock markets were ready to take a dive due to failing italian banks and what looked like a debt crisis of EU again before trump got elected and injected trillions in tax cuts into the world economy. There were no praises for bitcoin being the safest store of value during that time, then the big boys blew their load thinking 20k blowoff peak was all there was to bitcoin. This is just weak hands selling, they will probably continue to sell if shit goes even more south, the memes are not wrong however this is a NEET takeover of the boomer financial system and bitcoin will be the new world currency
And just like that the pajeet is slain
not news at all. there already was a DOW-scare in december and crypto reacted exactly the same.
Wouldn't chainlink explode if derivatives go tits up?
So why is nobody talking about it?
Delusions?
Vested interest?
Crypto pumps are literally boomers gambling with their extra 401k money. Once the recession hits it's gonna be the first asset to shit the fan.
GUYS, there is no better buy signal than this. buy the corn and hodl with me to 100k