Replies to post #34318 on Bitcoin (BTCUSD)

[GOLDBUFFALO]

The only way to cool off this interest rates is a deep recession or depression. Yes, opening oil rigs and pipelines here would be the ultimate fix but there is no way in hell the current regime is going to admit wrong and back off their anti-fossil fuel policies. Printing more money cannot fix inflation, thats what caused it!

We need a huge decoupling of BTC from Wallstreet ...

[GOLDBUFFALO]

Copper prices have plunged right before ever recession in the last 30 years. Guess what happened today???? Big ol' turd sandwich that every one will have to take a bite and BTC is not immune as long as it is coupled with Wallstreet.

copper posted its largest one-week percentage decline since late March 2020, at the height of pandemic-related shutdowns in the economy. The metal has fallen about 35% over the past four months, wiping out gains earned in the wake of the Russian war in Ukraine. Year-to-date, copper is down about 28%.

Copper officially entered a bear market at the end of June — an occurrence that has preceded each and every recession over the past 30 years.

[weedtrader420]

Everything is a trap Crypto going right back down