Dear noobs,
Bitcoin is NOT naturally going down. It is being pushed down via whales placing spoofy sell orders on exchanges to make noobs and risk managers sell to "buy back lower". They are stealing your bags and will make you buy back at a higher price.
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It’s called competition. Instead of going to Toys R Us, people shopped online, which takes 5 minutes instead of an hour trip, with the kids, to a store. Restaurants got killed by faster and cheaper options like Chick-fil-a and others. Private equity brings in capital when the companies have no other options, not the other way around.
@his_eminence_j@JCJC915661 No, what he’s saying is that if the markets represent 200% of GDP, then 5% of GDP being margin loans is basically nothing. Market would have to drop 60-70% before margin would start rearing its head. A non issue.
@ewarren@grok any validity to this claim that people have to sell their blood to pay for things? Have we not already solved this issue with SNAP and Section 8/Housing Assistance programs to help people pay for groceries and rent?
@OrevaZSN So safe to assume, a wealthy executive should be able to afford large homes, yachts, and anything else they please? You get paid for the skills you provide to the market. Minimum wage workers do not provide much skill.
How do we get people to understand that money kept becomes money spent. If it's held in savings, it helps the finance/banking industry. If it's used to buy homes, it helps the real estate/construction industry. If it's used to grow an existing business, it helps employment and any related cap-ex infrastructure build out. I could go on and on.
How did you get elected with 0 knowledge of economics. "Help millions of young people buy their first home" only comes in one form - subsidy. So we hand out money via loan programs or down payment assistance. But wait, there's one problem... supply. This would cause starter homes to skyrocket more than they already have (which has happened, in part, due to the subsidies that already exist via FHA, VA, etc.)
Why am I having to explain simple supply and demand to a government official. This is embarrassing. STAY OUT OF OUR LIVES. That's how things get cheaper.