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RE: Crypto Prices - Possibly a leading indicator of recession?

in #crypto6 years ago

Truth is, I believe the build up in late 2017, was just a set up (strategic preparation), demo'ing to the unlearned, how manipulative assets like BTC and STEEM, crypto in general, can be. And, proof that investing money one can't afford is at his own peril.

In a sense, it was a subliminal-symbol demonstrating: a build up before the fall..inevitable recession, as you suggest.

I think it was by design, and only a surprise to those who don't know the 'rules' of the 'game'.
Smh, as I've heard some less-than scrupulous whales refer to crypto as such.

In late 2017, I can remember many whale-posts pumping the helium ballloon with HODL 'hot air'...knowing that those who didn't know how to 'play the game' would be HODL to just that...slimy hot air.

Thanks for this post. The 'big' economic advisors have been hurling recession for a few years now; and, quite frankly most would agree that the U.S. never genuinely emerged from such. A trillion-dollar debt growing every day?...rme...smh...

Best regards.

Peace.

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If they say it long enough, they will eventually be right. Though, in their defense, I think we are within a year or two of a recession here in the US.

a year

Believable...and won't be surprised if another war isn't fueled to avert an outright depression.

Peace.

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