@Coins_Kid The governments have printed 50% of the worlds total money in the last 3 yrs. A lot of this was in the back of government hand outs. More households had disposable income that they could use on riskier investments. And being stuck at home was great for people getting aquatinted
@Coins_Kid Properly to an uneducated investors is meant to be the safest. Once they start seeing mortgage stress , doesn't matter what industry it will be effect. We will see a lot of pain until the Fed Pivots. There is a lot more pain to come . We are went wrong unprecedented times
@Coins_Kid I had a friend borrow $2.8 million borrowed 10% down 90% loan. At the peak because he though it would go up. Now in 3 months in australia we have drip 30%. Now to many people are like him, believed in a false market being propped up.
@Coins_Kid Now is the time to invest into utility and real world use case crypto projects . 98% in this next recession if GDP comes out 2nd quarter negative on the 28th . It's going to be worse then 2008. People who weren't educated thought the good times will keep rolling .
@Coins_Kid And now Covid is coming back . And there will be no payments for households like before until 2024. Because the Fed is hiking rates . We will see a 100 point increase. The Fed is going to crush demand to tame inflation
@Coins_Kid To crypto . Now that inflation has risen highest in 40 years. A lot of house holds have over leveraged themselves. At the start of june was the highest credit card usage . Showing people are using credit just to get ends meat