This is our recession lads. This is our time to shine.
This year will decide the have and the have nots of the millennial generation.
Have the faith to buy low and the courage to sell high.
I wasn't able to capitalize on the 2008 crisis. God be damned if I miss this one
>like anyone has any fucking clue
Eventually all cryptos seem to tank at some point though. Look at dogecoin. It was all the rage here too. People were asking the EXACT same questions and the shills were just as bullish if not more.
You're such a newfag. My point was that there have been recessions in other countries and the price of Bitcoin isn't affected. Let's look at your theory. A recession is coming and the price of stocks are down. People with money should:
A. Buy up stocks cheap since they have statistically outperformed inflation over decades and will eventually recover because they are backed by the largest companies in the world with the best track records and secured by trillions of dollars in revenue.
B. Buy Bitcoin since it is a volatile commodity that has been trending downward for years and is backed by neckbeards and secured by Chinese farmers.
Hmm... what a tough choice!
Then chinese farmers and neckbeards shall inherit the earth
This isn't TA, retard. We aren't trying to extrapolate the direction of prices in real time using past data, we are merely establishing a trend. I would say a trend line almost a century long is a good indicator of financial wellness. Although there has been a depression and many recessions, the market has still consistently outperformed inflation year after year.Come back when Bitcoin even recovers to half of its ATH, let alone perform even as well as precious metals, and then I might listen to a goddamn thing you have to say.
What is that powerpoint slide with the spellcheck thing under "etc" supposed to prove? Are you going to get confidential information on all my stock picks and crash the market to prove bitcoin is superior?
What information could collapse statoil? They forgot to fix a leaky pipe one time in 2011 and had to write off $500?
Cryptocurrencies are just one potential sector out of 100s that you could look into as a potential investment, why should I ignore a disruption like the low oil prices and volatile stock market and buy bitcoins or the next new dogecoin copycatcoin erytheum bla bla instead of performing careful research, watching events unfold and buying the dip in companies excessively undervalued by speculators but which have good fundamentals?
Bitcoin achieved global notoriety in late 2013, so that was the last peak. You've been saying "you'll be sorry you missed out!".for 2 years. How can it even compete?
Can't you come up with anything else? Other than lackadaisically pulled together memes like "the IMF is going to buy bitcoins".
Dogecoin died because the dev hated the idea of people making money off of his "fun" currency and thus refused to fix the bug in it that stopped it from capping where he said it was going to cap.