@Cryrosphere Basically, whenever you have a situation where the money to goods ratio greatly bloats on the money end for whatever reason, you have inflation.

It can happen if the govt. start printing money and put it in circulation. Or it can happen when a particular currency just can't purchase goods for another reason.

haha money printer go brrrrr

imagine going on /biz/

It's a good source of entertainment.

https://tenor.com/ba2oU.gif

I found a slug

I remember going there and seeing all the anons getting JUST'ed hard after the bitcoin crash

Was this a congress thing or an executive decision

it wasn't congress

THE FUTURE IS CRYPTO THEY SAID

it was the Federal Reserve

not attached to the government

DITCH THE DOLLAR /BIZ/ SAID

Oh ok cause i thought this was gonna cause the don some real shit

People were legit killing themselves

'the don some real shit'?

ah the mob

The future is crypto, but it needs to be adopted first. and crypto is still in it's building phase.

The donald lol

everyone thinks its the GOP that gave them money

well crypto is now tainted

the USD derivatives have made crypto look as toxic as the USD

@Vander Loonéy one guy literally offered a bitcoin if they post some good asian porn right as he was about to off himself

it doesn't help that fuckin block chain devs don't know the first damn thing about business

I don’t even know about this crypto shit

But I thought crypto was the currency that would survive the well into the post-apocalypse! 😉

It seems just fucking weird

it will

reference above

**Imagine investing in an imaginary economy**

<:pepelaugh:544857300179877898>

https://truedemocracyparty.net/wp-content/uploads/joker-end-the-fed.jpg

"well crypto is now tainted
the USD derivatives have made crypto look as toxic as the USD" - they moved massive amounts of capital into the sphere and back out when they established futures trading

instead of being independant of fiat USD, it became coupled to it

just give it up guys, you can't destroy the USD

the mass exodus is triggered by the large invesstment firms of normie money leaving the speculation

cause they don't have money to throw around anymore

So what you're saying is: all it takes is one exceedingly wealthy individual or company to completely destroy a crypto currency by first buying up massive quantities of that currency and then firesale:ing it all just as quick? 🤔

BTC will dip and rebound

I understand the words but it never made any sense to me :p

My sister called from a shop:
horrible beeping in the background
she is in the shop and their fridge is beeping
she asked a clerk to turn that beeping off, and the clerk replied "it beeps like that for a month, but works we dunno what to do"
Brilliant