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Topic: Richest people getting ready for economic crash - page 4. (Read 765 times)

jr. member
Activity: 182
Merit: 3
The crash comes of overdose of money
legendary
Activity: 2534
Merit: 1338
Richest people getting ready for economic crash.

As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.

Becouse when alot middle class and poor people start buying it means crash is near.
This is nothing really new, people complain all the time about those that are rich but many of them got in that position by being smarter, at least in economic terms than the majority, they can see that there has been a massive creation of money by governments all around the world, and they know this is going to create inflation and they are trying to look for assets that protects them from that inflation and bitcoin is a very good solution for that, I'm pretty sure that they do not want the economy to crash because they are doing great now but in the case it happens they can still retain a great deal of their wealth and maybe even increase it in the process.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
Richest people getting ready for economic crash.

As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.

Becouse when alot middle class and poor people start buying it means crash is near.

They are rich guys, but they'll prefer to buy cheap asset and wanted to gain huge profit during bullrun. Most folks who desires to buy only in trending situations, unlike the whales their mindset is different from average people who is able to do long term trading holds. I think they already have taken back enough profit these days, so buying time is now ready for them.
jr. member
Activity: 182
Merit: 3
Richest people getting ready for economic crash.

As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.

Becouse when alot middle class and poor people start buying it means crash is near.

I read an article a few months back that looked at asset allocation of the richest families in USA and found that on average the richest families where selling stocks and bonds and switching into Cash. That is definitely a strong believe towards another crash coming. I think switching some assets out of high risk positions into cash and crypto currencies could be a good idea. Holding cryptos is already a good preparation for the next crash.



Crypto is risk assset like gold in crash it will fall.
Cash fiat and stable coins are safe.
hero member
Activity: 1974
Merit: 534
Richest people getting ready for economic crash.

As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.

Becouse when alot middle class and poor people start buying it means crash is near.

I read an article a few months back that looked at asset allocation of the richest families in USA and found that on average the richest families where selling stocks and bonds and switching into Cash. That is definitely a strong believe towards another crash coming. I think switching some assets out of high risk positions into cash and crypto currencies could be a good idea. Holding cryptos is already a good preparation for the next crash.
jr. member
Activity: 182
Merit: 3
Richest people getting ready for economic crash.

As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.

Becouse when alot middle class and poor people start buying it means crash is near.

In my opinion, the economic crisis of 2020-2021 is a very unusual economic crisis. 

Usually, an economic crisis is a crisis of overproduction - it arises from the fact that enterprises have produced an excessive amount of goods.  The reason for the current crisis is completely different.  There is too much extra money in the world that is not backed by the manufactured products.  This is a crisis of overproduction of money. 

Accordingly, the growth of assets (stocks and cryptocurrencies) is not abnormal.  In the current state of affairs, this is a natural phenomenon.



Yes this is true overdose of money !
hero member
Activity: 2184
Merit: 531
So why do you need to be worried about what the rich people are doing? Bitcoin can be bought by rich and poor people and both can use it for a store of value in times when there are economic hardship. The rich will diversify into Gold and Silver too ...but poor people cannot afford to do that, so they look for ways like Bitcoin... where they can buy a few Dollars worth and still get the same result.  Wink

I know some people who are buying $10 per week and I know they are struggling... so this is a lot for them. They say the potential profit from a "Moon" price is more appealing than the 1 or 2% interest that they might get in a Bank.  Roll Eyes




If btc will drop 90%  then we all need to worry
The biggest hit is coming

For a 90% drop there has to be a gain first if we're talking about a normal market cycle.

If a 90% drop happens out of nowhere it means the fundamentals have failed somehow or something influenced the market like this black swan event.

If it happens in a healthy cycle we first need to go up high and fast for people to start feeling fearful. Now they're all confident with the recent news about institutional investments and bitcoin steady climbing up but without incredible spikes in short time like in 2013 and 2017.
legendary
Activity: 2338
Merit: 1775
Catalog Websites
Richest people getting ready for economic crash.

As many instutions and banks going in crypto so they selling crypto to people to average people before crash to buy assets cheap.

Becouse when alot middle class and poor people start buying it means crash is near.

In my opinion, the economic crisis of 2020-2021 is a very unusual economic crisis. 

Usually, an economic crisis is a crisis of overproduction - it arises from the fact that enterprises have produced an excessive amount of goods.  The reason for the current crisis is completely different.  There is too much extra money in the world that is not backed by the manufactured products.  This is a crisis of overproduction of money. 

Accordingly, the growth of assets (stocks and cryptocurrencies) is not abnormal.  In the current state of affairs, this is a natural phenomenon.
full member
Activity: 1708
Merit: 126
Your post is contradictory, many countries are going into crypto-currency that seems to be correct, but that can't make Fiat rich people go broke. I think the more Fiat you have before crypto-currency the better of you can be when you get into crypto-currency, Elon musk is an example of that, and he is still very wealthy after crypto-currency.

That's why they say that rich people are getting richer because they could manipulate every situation for their own benefit. Money is power for them so they could take control of everything. If the economic crash happens, they will still take advantage of it for them to earn more.
jr. member
Activity: 182
Merit: 3
So why do you need to be worried about what the rich people are doing? Bitcoin can be bought by rich and poor people and both can use it for a store of value in times when there are economic hardship. The rich will diversify into Gold and Silver too ...but poor people cannot afford to do that, so they look for ways like Bitcoin... where they can buy a few Dollars worth and still get the same result.  Wink

I know some people who are buying $10 per week and I know they are struggling... so this is a lot for them. They say the potential profit from a "Moon" price is more appealing than the 1 or 2% interest that they might get in a Bank.  Roll Eyes




If btc will drop 90%  then we all need to worry
The biggest hit is coming
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
So why do you need to be worried about what the rich people are doing? Bitcoin can be bought by rich and poor people and both can use it for a store of value in times when there are economic hardship. The rich will diversify into Gold and Silver too ...but poor people cannot afford to do that, so they look for ways like Bitcoin... where they can buy a few Dollars worth and still get the same result.  Wink

I know some people who are buying $10 per week and I know they are struggling... so this is a lot for them. They say the potential profit from a "Moon" price is more appealing than the 1 or 2% interest that they might get in a Bank.  Roll Eyes
jr. member
Activity: 182
Merit: 3
What a bunch of nonsense op. Did you predict the housing collapse too? Stop throwing out wild statements without providing any sort of adequate proof.

The primary reason why the crypto market is blooming currently is COVID-19 in my opinion and many others would agree with me. This pandemic basically proved why digital cryptocurrencies are a necessity at present.

The current trend isn't inorganic like the trend back in 2017. BTC and other popular cryptocurrencies are growing organically which is why I disagree with your statement.



No no  if any stocks or crypto going up for this spmeone must pay for high price.
This 50 k for btc was the btc most owner imside buy sell

So the grayscale bought it from grayscale
50% deal
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
What a bunch of nonsense op. Did you predict the housing collapse too? Stop throwing out wild statements without providing any sort of adequate proof.

The primary reason why the crypto market is blooming currently is COVID-19 in my opinion and many others would agree with me. This pandemic basically proved why digital cryptocurrencies are a necessity at present.

The current trend isn't inorganic like the trend back in 2017. BTC and other popular cryptocurrencies are growing organically which is why I disagree with your statement.
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
Your post is contradictory, many countries are going into crypto-currency that seems to be correct, but that can't make Fiat rich people go broke. I think the more Fiat you have before crypto-currency the better of you can be when you get into crypto-currency, Elon musk is an example of that, and he is still very wealthy after crypto-currency.
legendary
Activity: 2436
Merit: 1362
This is something which Michael Saylor has been preaching. There is no doubt that
there will be negative economic consequences because of the central banks response
to the financial effects of COVID-19 and the most viable place to store wealth is
Bitciun as well as Gold in second place.
sr. member
Activity: 1092
Merit: 284

Yes rich people need crash
Rich people like Elon must got no skills.
When you take money from him he cant do nothing.
So rich are interested to see big crash then to buy more cheap asssets property will fall like 50% stocks will fall 60% and crypto. 90%
But this how the rich make money

I think you really hope for destruction for others, can you have the desire to revive the economy, without having to say that others need to be destroyed. here we as traders will side by side, the rich will raise the price of a coin and you are ready to sell it. Isn't there a correlation where ordinary people take advantage of the circumstances created by rich people like Elon Musk.
jr. member
Activity: 182
Merit: 3
It is impossible, when the economic crash, only the poor get screwed, there isn’t an economics crisis for the elite, they’re telling all of you poor people your time is up, for ehem... you know that they’re ready to screw your life.



Well if crisis amd crash then rich got money to buy cheap
Crisis for them its just time when they buy everything

But look the speed how much money is printed crypto is pumped stock market is pumped
But before there is no new money coming the smart money start selling 1 year before the crash if there is big assets to sell it takes time to sell if they sell with one shot the market will fall down too fast
They wanna keep prices high and still selling a lot
full member
Activity: 1554
Merit: 116
0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
It is impossible, when the economic crash, only the poor get screwed, there isn’t an economics crisis for the elite, they’re telling all of you poor people your time is up, for ehem... you know that they’re ready to screw your life.
jr. member
Activity: 182
Merit: 3
The institutions and some company is buying Bitcoin right now, they didn't sell it right now so far. Probably they want to manipulate and make fun about the market, as anyone would predict Bitcoin will reach $50K by FOMO. So, many people right now is buying Bitcoin since they think Bitcoin can "make money" by invest on it.

So rich are interested to see big crash then to buy more cheap asssets property will fall like 50% stocks will fall 60% and crypto. 90%
But this how the rich make money
Then you already know how "rich people" make money, they buy an asset when the price is drop due to big crash. So, you don't need to confide again about rich and money Tongue





Yes its just the big crash not yet but maybe small crash.
But otherwise the banks not selling or helping to sell crypto to poor and middle class

It tells that big big super crash is coming
legendary
Activity: 1834
Merit: 1208
The institutions and some company is buying Bitcoin right now, they didn't sell it right now so far. Probably they want to manipulate and make fun about the market, as anyone would predict Bitcoin will reach $50K by FOMO. So, many people right now is buying Bitcoin since they think Bitcoin can "make money" by invest on it.

So rich are interested to see big crash then to buy more cheap asssets property will fall like 50% stocks will fall 60% and crypto. 90%
But this how the rich make money
Then you already know how "rich people" make money, they buy an asset when the price is drop due to big crash. So, you don't need to confide again about rich and money Tongue

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