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Is the crypto boom & bust just part of 'every bubble being pricked' in wider market sell-off?
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<blockquote data-quote="user 4386" data-source="post: 658484" data-attributes="member: 4386"><p>I guess they will need to read blogs here to find out who is stashing it <img class="smilie smilie--emoji" loading="lazy" alt="🤣" title="Rolling on the floor laughing :rofl:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f923.png" data-shortname=":rofl:" /> <img class="smilie smilie--emoji" loading="lazy" alt="🤣" title="Rolling on the floor laughing :rofl:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f923.png" data-shortname=":rofl:" /> <img class="smilie smilie--emoji" loading="lazy" alt="🤣" title="Rolling on the floor laughing :rofl:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f923.png" data-shortname=":rofl:" /> <img class="smilie smilie--emoji" loading="lazy" alt="🤣" title="Rolling on the floor laughing :rofl:" src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f923.png" data-shortname=":rofl:" /></p><p></p><p> Seriously though, it would be a bit difficult to buy your groceries each week at Woollies or your hardware at Bunnings with such a stash. especially with government Elliot Ness' chasing you with machine guns......</p><p></p><p>A bit irrelevant to me because I do not believe such a total collapse likely (even in the 1930s depression only a third of companies went under in the USA, and only a similar proportion of the population were unemployed). 25% unemployment in USA at its peak but 32% in Australia. Pain yes, major inflation yes, a miserable time yes.</p><p></p><p>But I will back gold before crypto nevertheless.</p></blockquote><p></p>
[QUOTE="user 4386, post: 658484, member: 4386"] I guess they will need to read blogs here to find out who is stashing it 🤣 🤣 🤣 🤣 Seriously though, it would be a bit difficult to buy your groceries each week at Woollies or your hardware at Bunnings with such a stash. especially with government Elliot Ness' chasing you with machine guns...... A bit irrelevant to me because I do not believe such a total collapse likely (even in the 1930s depression only a third of companies went under in the USA, and only a similar proportion of the population were unemployed). 25% unemployment in USA at its peak but 32% in Australia. Pain yes, major inflation yes, a miserable time yes. But I will back gold before crypto nevertheless. [/QUOTE]
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Is the crypto boom & bust just part of 'every bubble being pricked' in wider market sell-off?
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