Re: Millennials are ‘delusional’ about how rich they’re going to be
To all of fanatics that claim , you don't lose anything til you sell.
Go tell that bullshit to the guy losing his house and possibility his wife, because his job can't pay the new mortgage.
Or the millions that credit is destroyed.
It is 7 years to restore bad credit, so expect this crypto winter to be as least 7 years.
Does anyone really think BTC can survive a 7 year bear market?
BTC Death Spiral in less than 3 years, set your watch.
Go tell that bullshit to the guy losing his house and possibility his wife, because his job can't pay the new mortgage.
Or the millions that credit is destroyed.
It is 7 years to restore bad credit, so expect this crypto winter to be as least 7 years.
Does anyone really think BTC can survive a 7 year bear market?
BTC Death Spiral in less than 3 years, set your watch.
What proportion of cryptocurrency investors were buying on credit cards or mortgaging their house? I imagine it was pretty small. Do you have any data to support this theory of yours?
Anyone who racks up high-interest debt to buy cryptocurrency probably deserves to have their credit destroyed.
The portion from BTC $1000 TO BTC $20000,
numerous articles discuss credit cards being ban by the banks to buy crypto (Google it)
and all you have to do is read these forums to find someone that mortgaged their house without telling their wife.
Those people that you say deserve it are the ones that allowed many in here to earn windfalls.
Fact is those people were lied too, when users in these very forums claiming bitcoin could only go up, and they could become rich.
The fucking Bitcoin miners are shorting their own coins, which should tell you we are near the end for bitcoin.