312 sats \ 0 replies \ @mallardshead 23 Sep 2023
Peter needs to embrace Dark Maximalism tho. This was another good article by him. I don't know about a crash or it being months away, that's some ZeroHedge nonsense, but generally by the time a recession is official, the bottom is in and markets horn gore no?
- March 2020 was the Covid bottom just as lockdowns began
- March 2009 was the Great Recession bottom as QE began and major auto companies started filing for bankruptcy
- October 2002 was the Dotcom bottom as the Iraq war was approved by Congress
All based on Dow⤴
All coincided with instances of monetary expansion of course. I mean Peter my bitcoin fren! This fiat game will play out in waves way longer than you Austrians are comfortable admitting! That's fine for BTC! It has a quote price and will absorb more value with each wave. Bitcoin will have a quote price for a very long time. Fiat's job at this point is to finance us into the cheap/free energy future where bitcoin is no longer a softball used in a baseball game.
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216 sats \ 0 replies \ @k00b OP 23 Sep 2023
This was the first business cycle that I fully appreciate the FED curtails inflation by increasing unemployment. Roughly zero people who get laid off understand the relationship. It makes me sick.
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10 sats \ 1 reply \ @knorozov 23 Sep 2023
Peter should post on SN, I would tip him.
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50 sats \ 0 replies \ @k00b OP 23 Sep 2023
He's following me on twitter so he must know his stuff ends up here.
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25 sats \ 1 reply \ @DarthCoin 23 Sep 2023
I think the crash will happen on the same time when bitcoiners will have their lambos
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10 sats \ 0 replies \ @nemo 23 Sep 2023
deleted by author
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0 sats \ 0 replies \ @SatoshisSkeleton 23 Sep 2023
Tuesday
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