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Forum » BTC popped $50k again
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Thread: BTC popped $50k again

post 1697754043 02-12-2024, 10:31 AM
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  1. ThatGuy950
  2. Floridayyy
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BTC popped $50k again

Damn
Coincel
Florida crew (lol at coldcels)
post 1697754193 02-12-2024, 10:35 AM
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#2
  1. Destor
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Probably indicative of how much excess money is still flying around out there
post 1697754263 02-12-2024, 10:36 AM
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#3
  1. ThatGuy950
  2. Floridayyy
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Originally Posted By Destor⏩
Probably indicative of how much excess money is still flying around out there
That’s a big reason why stonks haven’t crashed as many miscers thought, even though the layoffs are flying and economy is faltering (only out of a recession due to deficit spending), way too much excess liquidity in the matrix
Coincel
Florida crew (lol at coldcels)
post 1697754393 02-12-2024, 10:39 AM
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  1. Titansfan08
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I thought it was dead???
post 1697754453 02-12-2024, 10:41 AM
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  1. Destor
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Originally Posted By ThatGuy950⏩
That’s a big reason why stonks haven’t crashed as many miscers thought, even though the layoffs are flying and economy is faltering (only out of a recession due to deficit spending), way too much excess liquidity in the matrix
Yup well this is following the historical pattern so far, stonks don't crash when rates are being increased to cool an overheated economy that feeds into big corporate earnings. Historically stonks crash when the rate cuts arrive, because rate cuts are designed to stimulate back up a faltering economy.

Unemployment is still at very low levels, I think there might yet be a long way to go until all this is wrung out of the system and interest rates actually need to come down. If they cut rates now, asset prices would explode again just like they did during The Great Inflation of the 1970s-1980s.
post 1697754943 02-12-2024, 10:56 AM
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#6
  1. saltypits
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All the boomers retiring opened up a lot of jobs. Also because they're retired they're spending money, contributing to inflation.
post 1697755043 02-12-2024, 10:59 AM
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#7
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Samsbolton/nocoincels on suicide watch
post 1697756433 02-12-2024, 11:29 AM
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#8
  1. mulletwarrior
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Originally Posted By ThatGuy950⏩
That’s a big reason why stonks haven’t crashed as many miscers thought, even though the layoffs are flying and economy is faltering (only out of a recession due to deficit spending), way too much excess liquidity in the matrix
Moreover, a good argument could be made that the increased price of stocks is really just an upward inflation adjustment.
Originally Posted By saltypits⏩
All the boomers retiring opened up a lot of jobs. Also because they're retired they're spending money, contributing to inflation.
I don't know if the extra spending at margaritaville matches the billions in money the gov printend through QE during 2020 and 2021
mo e
post 1697756983 02-12-2024, 11:38 AM
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#9
  1. OffwhiteBrah
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post 1697757243 02-12-2024, 11:42 AM
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#10
  1. N0rds
  2. "7'7" Norwegian chad with blonde hair blue eyes immigrant and a btc billionaire" -Tranny Maria
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"Boss not feel good please use sick day" - low IQ tranny.

"Send him to Phaggy_Cholo"
post 1697757643 02-12-2024, 11:49 AM
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#11
  1. eightduece
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The SEC approving the Btc ETF means wall street and all the boomers can safely get in on the action now, combined with the halving coming up in April that cuts the btc block reward in half, means the price has to go up if the multi billion dollar btc mining industry wants to stay profitable. Should be an interesting pump cycle and will prob create a lot of rich people over the next 1-2 years.
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