So, Yas Forums, let's talk

it's not that risky when it's virtually certain that equities will continue to lose value. Especially when central bank actions have had almost no impact on the crash. nothing short of a cure or vaccine will rapidly turn this around in the short term. There is plenty more bad news to come which will drive prices further down.

Imagine how many americucks are going to liquidate stock and crypto in the next few weeks because they've lost their income.

Just a deadcat bounce, there are no fresh money getting into the markets. Whales playing, I really hope it goes down further. Not because FOMO, but because this shit isn't sustainable.

very few mutts are retail investors beyond maybe a bit of dabbling. everyone's shit is held in 401k funds, which most people don't even touch or think about. the main problem is that the economy needs individuals to consoom, which they can't do as more states enter lockdowns and jobs are lost. that's what's going to make everything completely tank. Q2 is gonna be ugly.

Doomers are S E E T H I N G lol

Imagine being a eurocuck and knowing this added at least another 20 years of stagnation before you ever see growth in your economy again. They still haven't recovered from 2008

You guys are overthinking this.
I was a contributor to the current run we're on. I bought in for one simple reason: Trump is about to send out TrumpBux to nearly every household in the country. Unlike some shit like a bank bailout or whatever, it's not Wall Street getting the cash, it's the common man. So a big chunk of that money is going to flow directly into Bitcoin.
Why will people buy bitcoin? They want to hedge their bets. All this turmoil is making regular folks realize that the system is fragile, and we could end up like those dusty fucks from the history books who are burning stacks of worthless cash in their stoves to cook with. So why not invest a little in the self-proclaimed "money of the future?" Might just save your ass in the looming apocalypse scenario, or at the very least turn you a little bit of profit.

I bough BTC on 13th Mar.

It's too late to buy. Another dump is coming.

nothing is recovering man, the fed is the only one fighting the crash no one is buying or selling anything

You are dumb to think people will spend these money on anything else other than groceries.

it's a dead cat bounce

do you think an individual who's spending behavior would be impacted by 1k is going to take that money and invest in bitcoin? are you fucking retarded? They're going to spend it on twinkies and cigarettes

the trump bux are just a loan on tax returns you will be paying back

Hodl

Attached: D0F6E4F4-A473-4C59-85F3-DFD8D2EFA7B6.png (1474x803, 342.98K)

I guess we'll see.

It's just the BRRRR that is making this shit pull a bull trap?

clovr.com/emotional-currency/

I am long BTC but it is obvious that 1k to the average american will have virtually no impact

holy shit Yas Forumslets here are is so bearish, we gonna pump like never before. btw, china is rebooting its economy as we speak, you all missed the chance of your lifetime.

the bearish sentiment is the only reason I'm buying right now

You're all viewing this from very American point of view.
You're down like 20% or what?
Look at European stocks. Europe is already in lockdown. Stocks are down 30-60%.
American companies were overvalued compared to European ones in the beginning too.

china rebooting doesn't matter when there is no demand. certainly the time to buy undervalued equities is coming soon but that time isn't now. Q1 results aren't out yet and Q2 is going to be far worse.

Yep.

didn't china freeze their economy to avoid the drop?

>bearish
This is srly your first rodeo right?

if we close above 6.9k-7k on 12hour/ daily basis this would not be a deadcat bounce and we would have a high chance of reversing

I think that article supports my argument. Americans are more uncertain about the US Dollar, and the economy in general, than ever before in our lifetimes. The main reason people don't buy bitcoin, according to that article, is that it seems risky. Well guess what, trusting entirely in our current economy is starting to feel a little risky too. Jumping out of a 3rd floor window seems pretty damn risky, until the room is filled with smoke. I'm not saying that EVERYONE is going to dump all their supplemental money into crypto. But people who are already in the crypto space might be buying some if the prices are low, and people who have flirted with the idea of buying bitcoin may see this as a last-shot opportunity.

This. Q2 earnings are going to start rolling in and it’s going to be a bloodbath. I don’t understand how most people think this is just another even which will blow over in a week. People have been spoiled by the bull market. The biggest dead cat bounce signal is that there are so many fomo posts on /biz and Reddit.

Euro here. I remember this calm before the storm a month ago, everybody carrying on like nothing is wrong. You guys have no idea what's coming. If you don't have hard cash right and food stores you don't have anything

next wednesday, unemployment numbers from the USA will get released

red day is all i will say

The article demonstrates that people buy bitcoin in hopes of future returns and increased value, not as a currency replacement. If anything increases the value of bitcoin from this it'll be central bank activity, not lower class adoption.

There are more 1st world country lockdowns coming.

We are nowhere near the bottom. Prepare for the worst.

You're far more fucked in Europe than we are in the states. I would hold dollars rather than euros and certainly not european equities.. If we see a recession here, you will likely experience a depression.

I'm shorting.

This virus doubles every 4 days. It's yet to shut down airports, and many Americans haven't been impacted by it yet.

Nasdaq was at $178 multiple times last summer. Do you really think we've hit bottom?

Disney's P/E is 16 when they're shutting down parks for months.

It's not in free fall because of circuit breakers and FOMO so boomers are buying the dip. When the market has never gone down in a decade the dumb money buys any dip in prices.

In a bull market you'll never want to sell (FOMO of gains). In a bear market you'll always want to buy. The hardest thing to do is wait.

Pattern has been
>Virus grows exponentially
>market hits new low
>Boomers announce marginal improvement (interest rates, UBI, ect)
>after 2-3 days of slight bull rallies virus doubles again
>market hits new low

Exactly. Unless this we've seen the worst of the virus and that all the impacts are realized, the market will continue to decline.

Definitely, People are working from home, and some jobs have to work in the field. But this is probably gonna go on for months. I really don't know how people think the economy and market are recovering. Tourism is practically dead. All these people need to get paid by their employers who in turn get help financially by the government but the government isn't able to keep on doing this for months. The Dutch government is paying for 90% of the wages of employees. Shit is gonna go down so hard next month(s). The reason there is a big pump happening right now is FOMO. No way this isn't gonna go down to 2k and lower in a month.

lmao you'll be much harder hit americant, people were out on the streets (st patricks) just three days ago

plus your healthcare system.....

you say that but america started acting to late, test kits that didn't and doing starting travel bans and lock downs after the virus has gotten a foot hold.

Isolation, lockdowns, quarantining and testing is what will smooth the curve, personally I don't think America's medical institutions and average americans financially are equipped to do that

This, healthcare is going to be a big issue.

m.youtube.com/watch?v=jfx7PnMtCeY

FED is pumping my shitbags

There is a theoretical limit on the impact of the virus(i.e. deaths). Economies in Europe for the most part never recovered from 2008. The US may not have better medical outcomes but that is almost irrelevant. European economies and ECB was not nearly healthy enough or prepared for such an event. The US economy can handle the downturn and recover much more quickly. Europe was barely experiencing any economic growth over the past 10 years while the US had an incredible bull market and relatively massive economic growth. Europe is so fucked and I feel bad for them.

Financially equipped for what? America has experienced 10 years of economic growth and a healthy economy. Europe has been stagnant and never recovered from 2008. Everyone is going to suffer but economically the US is far better positioned to take this hit than Europe is.

when do i get my trumpbux

>incredible bull market and economic growth.
Majority of that were companies buying shares instead of actually spending on growth

Stock buy backs are a form of dividend. They don't create some sort of artificial growth. It's a method of allocating or spending profit. Profit and wealth creation grows the economy. European companies haven't been growing. It's a fundamental difference. They don't have profit to spend.

america as a country yes, but your average american isn't financially secure enough to weather this out for two months without working. Or the medical bills if they contract the virus. Let alone going out and spending/stimulating the economy.

your growth was fake

You have no idea. People have no jobs right now. Nothing is getting done. Your dollar means nothing.

>without working
People aren't losing their jobs en masse.
>medical bills
We have insurance.

Average americans will suffer, yes. I'm not disputing that. Average europeans will suffer more. Especially in the long term. Unemployment was already far worse in europe. How are you going to fund all the european government bux programs when mass amounts of your citizens don't pay taxes. Look at what happened in Greece.

Coupled with the obesity rate in the USA and third world healthcare provisions you guys really have your heads burried in the sand.

Implying stock buybacks off of cheap borrowed money is growth. Bury your head deeper in the sand maybe that will make things better.

>Average European
Southern Europeans

Why was it fake? And if it was then why didn't Europe fake it too? There is nothing at all suggesting it was fake. Just because you say it's fake doesn't mean it's true

Yas Forums shouldn't be panicking. This is the best time to buy.

>this desperate europoor cope
You're all obese too and we have literally the best healthcare providers in the world. You're gonna get rekt and not even see it coming.

Depends. France did a lock-down early and the numbers are rising much more slowly now.

Germany just announced a safety net for companies, free-lancers, and banks of up to 500bn EUR. 180bn are direct transfers and they said this could go up to 700bn transfers.

Germany has low public debt, so that is very much sustainable (jump from ~50% debt/GNI to 80%).

This

..it's perfect, I always forget at least one or two of these points when I'm shit posting but you hit all of them I think...

OH YEAH... And Deutsche Bank is going to declare bankruptcy any day now

You've had lower interest rates in europe and cheaper capital so why haven't you been able to grow enough or afford stock buy backs?

Lol, have you ever been to Europe no one here is obese. Some people overweight but not obese. You have great healthcare providers but it's waaaay to expensive. Only rich people will profit from this. We can pay for our healthcare americans not. Americans are gonna get rekt and not even see it coming.

t. zoomer who hasn't experienced deductibles on hospital visits yet.

If you don't see how Europe is the first to fail then you're not paying attention... $700B easing, what exactly does that do to hedge against the $200 trillion derivatives bomb held by EU banks?

do poor americans have insurance that would cover covid-19? what percentages of americans have medical insurance and would go to the hospital or self isolate rather than continue going to work to pay rent? (Honestly asking as i'm not an American.)

Personally I don't think medical insurance is a substitute for universal healthcare.

Not arguing about how hard europe is going to be hit, you might have the wrong post.