1Yr·

... and who benefits from the "banking crisis" ...?

> Bitcoin

> precious metals

> Luxury goods


-60% in one day! and that for a traditional house. $CSGN


The legitimate question arises: "What have the banking systems learned from the 2008 financial crisis?" :o(

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Precious metals. ...although today's problems are probably not comparable to 2008. ...but I also think it sucks that the banks skim off profits and pass on losses to the taxpayer - crazy world.
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@Moneymoney exactly! complements!
And what exactly should the banks have learned from the bursting of the real estate bubble that would have helped them prevent the current situation of interest rates rising too quickly after too long a period of low interest rates?
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@FirstPancake investment banking did not really stop there. There is also a lot of corruption involved.
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@Pejman7 we seem to have read different things about the current problem. Do you have sources?
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-60% stems from the negotiated takeover price of UBS. Is logically directly eingepreist🤷‍♂️
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Well that's how it is when FIAT money is reprinted....
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@user66bc4bc2f8414c52 and thus inflation is fueled again
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Gold too... but 2008 was already a different situation, don't think we will see that to this extent now...
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@Investorentagebuch hopefully! but as a private investor, caution is advised; down is always faster on the up ;o)
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1Yr
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@oliverplass purely out of interest. How do you pay for your weekly groceries? Gas? Insurances?
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@Mister_ultra, with Bitcoin. But the price does not vary, because a Bitcoin is a Bitcoin.
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@fcsp correct, but one moment you might pay 0.005 BTC for a 100€ purchase and a week later you might pay 0.007 BTC. I don't have these fluctuations and vola in prices with my purchases. And look at it another way. You keep your assets in Bitcoin, even if you pay in Bitcoin it will be converted to Euros at point X. Let's say you have assets of 2 bitcoin. Your monthly expenses are 1,500€ (food, insurance, rent, car,...) - If the exchange rate is 25,000€, you have to spend 3% of your assets for the monthly costs - If the exchange rate is 15,000€, your costs related to the assets suddenly increase to 5% -> Despite inflation of currently 10%, I never have such fluctuations. How does your employer pay you? For sure also in Euro
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@Mister_ultra You don't have to tell me that. I have only answered for him once, because that is the standard answer.
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@fcsp 😂😂 chapeuz, have led me well on the ice 😂
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