Economic crash is just around the corner BTC below 20k, stock markets are burning

IlluminatiPirate

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Yup the crypto markets are burning fast an all stocks are crashing HARD. The guys on /biz/ say is because of the Fed hikes on interest rates. But with everything going down. It seems like a good time to buy. What are you gonna do to take advantage of this looming recession?

Anons on Biz are going on and on about owning physical silver. And several anons are shilling the below etfs and stock.

SOLX - semi conductor ETF, there is still a chip shortage and its gonna take awhile for supply chain issues to correct itself. When we go back in a bull market, this one is gonna go back to its glory days.

SIGA - They are the ones that is directly working with the new monkey pox virus. I

LIT - Lithium etf that tracks Lithium battery production for EV cars.

What would you get? monkahhm
 
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IlluminatiPirate

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i don't invest shit but i'm really not surprised crypto is plummeting in the current environment, it's a luxury investment that ultimately only has one purpose: buying large quantities of cocaine
Only thing worse was NFTs.

But im curious why don't you invest? Especially with inflation going through the roof over here, im scared of keeping things in cash
 
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handoferis

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Only thing worse was NFTs.

But im curious why don't you invest? Especially with inflation going through the roof over here, im scared of keeping things in cash
there's practically nothing i can invest in where i could sleep at night, ethically. investing is a big trick to get you invested (hah) in the success of the corporations.

me? i spend all my money on ewaste.

ewasteman.png
 
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IlluminatiPirate

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there's practically nothing i can invest in where i could sleep at night, ethically. investing is a big trick to get you invested (hah) in the success of the corporations.

me? i spend all my money on ewaste.

View attachment 30784
Hey that's a cool image. Did u make it?
 
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shinobu

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Investing is like surgery. If you don't know medicine you shouldn't be doing surgeries, and if you don't know even basic economics you probably shouldn't invest in whatever /biz/ tells you. Or at least that's what I feel like. It's easy to feel FOMO when you hear about someone making it big but that's probably survivorship bias or something.
Semiconductors do feel like something that can only go up.
Not like I can invest. You need a lot of disposable income to get in, and anyway due to my country's problems investing in USD is pretty hard

I do like looking at complex stock chart interfaces. Makes me feel like some hardcore day trader

793148ad63904565b2779ac7aaf93d53.jpg
 
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IlluminatiPirate

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Investing is like surgery. If you don't know medicine you shouldn't be doing surgeries, and if you don't know even basic economics you probably shouldn't invest in whatever /biz/ tells you. Or at least that's what I feel like. It's easy to feel FOMO when you hear about someone making it big but that's probably survivorship bias or something.
Semiconductors do feel like something that can only go up.
Not like I can invest. You need a lot of disposable income to get in, and anyway due to my country's problems investing in USD is pretty hard

I do like looking at complex stock chart interfaces. Makes me feel like some hardcore day trader

View attachment 30787
I just like to see what the anons have to say, They did get in the GME soar with Wallstreetbets
 
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gwen

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I made a really good call to invest in the energy industry at the start of the COVID pandemic, to the best of my knowledge we haven't seen a crash like this since the 70's. (relating to Western support to Israel during the Yom-Kippur war, after which a number of Arab nations squeezed the supply of oil to the west) It was kind of a no-brainer since the chance of these companies falling was essentially zero.

Cashed out 2 months ago. Didn't have a lot of disposable income at the time so it was a modest sum, but i have essentially managed to almost triple my investment. That was nice.

As a recession is long overdue and has been artificially postponed, i'm not particularly optimistic about a controlled collapse. It might get pretty bad, 2008 levels. Experience teaches the common way for governments to stimulate the economy in such a way is investing into infrastructure, so that's where i'll hedge my bet. Safe investment.
 
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Andy Kaufman

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Still saving up to buy real estate. I will inherit some soon which will give me a boost but the prices will only go up and up here in central Europe around the big cities.
 
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SolidStateSurvivor

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there's practically nothing i can invest in where i could sleep at night, ethically. investing is a big trick to get you invested (hah) in the success of the corporations.

me? i spend all my money on ewaste.

View attachment 30784
There are other types of investments one can make outside of traditional stock/precious metals. Collectables can be a fulfilling investment, and if you manage to get into something ahead of the curve you can sell off parts of your collection off for a good return later on. Find something you're genuinely into, it'll make researching new items to add (aka "investment opportunities") fun.
 
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handoferis

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There are other types of investments one can make outside of traditional stock/precious metals. Collectables can be a fulfilling investment, and if you manage to get into something ahead of the curve you can sell off parts of your collection off for a good return later on. Find something you're genuinely into, it'll make researching new items to add (aka "investment opportunities") fun.
yeah that's the whole draw of ewaste. some single items of my ewaste people will pay over $1k for, but I like it more than money (at the moment) :D
 
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