zombs said on stream he has to sell his last remaining assets and is now basically poorer than when he started valorant… a moral story
4
Crypto crash controversy ft. zombs
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ItsMeDio [#6]ah, yes
put all ur eggs in one basket
investing on the wrong basket and all the eggs are broken
FlyDoggoWoweeClap [#9]well kinda feel bad for the cryptards in r/terraluna that went broke and commited suicide but hey lesson learned ig
can you give me contexts for that?
SilentNight [#10]can you give me contexts for that?
just check the reddit for the context im really bad at explaining things to people with my broken english lmao
its kinda depressing just letting u know ahead of time
FlyDoggoWoweeClap [#2]why would you put all your life savings money on crypto its so fucking dumb lmao
they should’ve invested in NFT—they are the future bro
TECHNE [#14]they should’ve invested in NFT—they are the future bro
BatChest can't wait to hang my NFT on my living room CHILLZZZ
TECHNE [#14]they should’ve invested in NFT—they are the future bro
cant wait to have my monkey pixelated photo shoved up my ass
FlyDoggoWoweeClap [#12]just check the reddit for the context im really bad at explaining things to people with my broken english lmao
its kinda depressing just letting u know ahead of time
wtffff
FlyDoggoWoweeClap [#12]just check the reddit for the context im really bad at explaining things to people with my broken english lmao
its kinda depressing just letting u know ahead of time
No shot this is real
yaiima0 [#21]No shot this is real
its 100% real
just go check the top post for the last year its fucking depressing
Most if not all esports players were/are lowkey into crypto, because that was one of the effective ways of making bank on short esports careers whilst giving up on education. Some went all in into crypto, some others were most likely smart enough to diversify. Honestly, we deserve this upcoming recession with all the money printing that has been done since 2009 and people devoting their lives to shill intangible virtual assets on social media like a cult. Hopefully this time the US FED, finally lets natural recession to take its course instead of putting the money printer into an even higher power level.
SilentNight [#3]some of these guys never learn their lesson and put their life savings on crypto lollll, if they ever do it the second time they fuckin deserve it. its harsh but its their fault for being incompetent and a dumb person who buys a jpg monkey file
Crypto and NFT are not the same but I agree with you
Glycoroldas [#27]Most if not all esports players were/are lowkey into crypto, because that was one of the effective ways of making bank on short esports careers whilst giving up on education. Some went all in into crypto, some others were most likely smart enough to diversify. Honestly, we deserve this upcoming recession with all the money printing that has been done since 2009 and people devoting their lives to shill intangible virtual assets on social media like a cult. Hopefully this time the US FED, finally lets natural recession to take its course instead of putting the money printer into an even higher power level.
grow up and become a communist like me
FlyDoggoWoweeClap [#12]just check the reddit for the context im really bad at explaining things to people with my broken english lmao
its kinda depressing just letting u know ahead of time
What a shell of a subreddit. That's depressing. Reminds me of The Big Short.
KoreanOverlord [#30]shorting crypto is a great hedge against inflation
honey, wake up, here’s one of the ‘faithful’
number1_anuj_fan [#28]Crypto and NFT are not the same but I agree with you
Couldnt careless as both comes off with a huge risk lol
Glycoroldas [#27]Most if not all esports players were/are lowkey into crypto, because that was one of the effective ways of making bank on short esports careers whilst giving up on education. Some went all in into crypto, some others were most likely smart enough to diversify. Honestly, we deserve this upcoming recession with all the money printing that has been done since 2009 and people devoting their lives to shill intangible virtual assets on social media like a cult. Hopefully this time the US FED, finally lets natural recession to take its course instead of putting the money printer into an even higher power level.
NFT and crypto in a global scale is so small it doesn't affect anything, especially a recession and you have a childs understand of economics if you think printing money was the cause of inflation or a future recession
SilentNight [#33]Couldnt careless as both comes off with a huge risk lol
Why now? Why dont you say it last years
sundaymondaytuesday [#35]Why now? Why dont you say it last years
with hindsight its not a huge risk but at the time you couldn't be so sure. Most people that got rich on crypto think they were smart and predicted the increase but really they were just lucky and won't reproduce the results
FlyDoggoWoweeClap [#12]just check the reddit for the context im really bad at explaining things to people with my broken english lmao
its kinda depressing just letting u know ahead of time
kinda sad
Faraday [#34]NFT and crypto in a global scale is so small it doesn't affect anything, especially a recession and you have a childs understand of economics if you think printing money was the cause of inflation or a future recession
exactly. crypto money accounts to literally nothing.
Faraday [#36]with hindsight its not a huge risk but at the time you couldn't be so sure. Most people that got rich on crypto think they were smart and predicted the increase but really they were just lucky and won't reproduce the results
lol you guuys saying that because crypto crash and when it go up again you vanish a
sundaymondaytuesday [#41]lol you guuys saying that because crypto crash and when it go up again you vanish a
Do you think crypto will increase forever? What mechanism do you think increases the value of crypto?
Faraday [#34]NFT and crypto in a global scale is so small it doesn't affect anything, especially a recession and you have a childs understand of economics if you think printing money was the cause of inflation or a future recession
yeah guys printing money is totally consequence free and if you disagree you have a child's understanding of economics
Glycoroldas [#43]yeah guys printing money is totally consequence free and if you disagree you have a child's understanding of economics
MV=PY, M is the money supply, V is velocity of circulation (rate of people buying goods), P is price of goods, Y is national income. If money is printed the supply increases which would increase the price IF V and Y stay constant, obviously though they haven't since during corona V has decreased because people arent spending as much money. if the government DOESN'T do quantitative easing then deflation will occur instead which is much worse then inflation and hyper unemployment since large companies will need to lay of half their workforce. MV=PY is also a simplified version because it turns out economics is more complicated then more money=higher prices and there is an entire field of study on it. Thank god most countries have the currency out of the control of the population (e.g. federal reserve in america) because everyone seems to have a such a understanding of economics they don't even need to see what economists say. muh more money caused the recession.
This is my schizo rant
Faraday [#45]MV=PY, M is the money supply, V is velocity of circulation (rate of people buying goods), P is price of goods, Y is national income. If money is printed the supply increases which would increase the price IF V and Y stay constant, obviously though they haven't since during corona V has decreased because people arent spending as much money. if the government DOESN'T do quantitative easing then deflation will occur instead which is much worse then inflation and hyper unemployment since large companies will need to lay of half their workforce. MV=PY is also a simplified version because it turns out economics is more complicated then more money=higher prices and there is an entire field of study on it. Thank god most countries have the currency out of the control of the population (e.g. federal reserve in america) because everyone seems to have a such a understanding of economics they don't even need to see what economists say. muh more money caused the recession.
This is my schizo rant
wew, that equilibrium theory totally negates the negative consequences of excessive quantitative easing, my bad g. muh central bankers totally independent of political influence definitely did not make this upcoming structural recession worse by having already totally exhausted monetary stimulus when deflation is going to be happening in the next 6 months.
Glycoroldas [#46]wew, that equilibrium theory totally negates the negative consequences of excessive quantitative easing, my bad g. muh central bankers totally independent of political influence definitely did not make this upcoming structural recession worse by having already totally exhausted monetary stimulus when deflation is going to be happening in the next 6 months.
The negatives absolutely do not outweigh what is lost by not, if nothing was done then deflation would've already happened instead of being 6 months from now (even though there is no reason to believe deflation is going to happen 6 months from now). If more money is the cause of all our problems, what was suppose to be the alternative? Just tough it out great depression style?
Faraday [#47]The negatives absolutely do not outweigh what is lost by not, if nothing was done then deflation would've already happened instead of being 6 months from now (even though there is no reason to believe deflation is going to happen 6 months from now). If more money is the cause of all our problems, what was suppose to be the alternative? Just tough it out great depression style?
The current price levels are starting to be rejected by both consumers and producers, caused by the structural supply issues, thereby promoting the slowing down of economic activity. Eventually leading to insolvencies of small to medium size enterprises.
More money is not the cause of all our problems, but excessive monetary stimulus when it actually is not needed, is. The previous abuses of excessive monetary stimulus is what is going to guarantee that another great depression style event is going to occur instead of a more manageable recession. Central banks have unnecessarily abused quantitative easing in the 2010s, arguably going a bit too hard with the stimulus during corona pandemic, which now leaves them with their pants down for the upcoming challenge.
sundaymondaytuesday [#41]lol you guuys saying that because crypto crash and when it go up again you vanish a
you’re delusional, crypto and nfts have and will always be tethered to the market, and the hype surrounding it was just a pyramid scheme for idiots
Glycoroldas [#48]The current price levels are starting to be rejected by both consumers and producers, caused by the structural supply issues, thereby promoting the slowing down of economic activity. Eventually leading to insolvencies of small to medium size enterprises.
More money is not the cause of all our problems, but excessive monetary stimulus when it actually is not needed, is. The previous abuses of excessive monetary stimulus is what is going to guarantee that another great depression style event is going to occur instead of a more manageable recession. Central banks have unnecessarily abused quantitative easing in the 2010s, arguably going a bit too hard with the stimulus during corona pandemic, which now leaves them with their pants down for the upcoming challenge.
Two so called intellectuals on this site going at it ladies and gentlemen.
HaSanity [#50]Two so called intellectuals on this site going at it ladies and gentlemen.
tbh this is one of those rare somewhat constructive discussions on vlr.
archetype [#51]tbh this is one of those rare somewhat constructive discussions on vlr.
let us never forget this moment
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