Post
Topic
Board Bitcoin Discussion
Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
by
NotATether
on 21/06/2022, 05:48:55 UTC
Well Peter Schiff's staunchest lieutenant has been suspiciously silent for the past 12 months, I wonder if he has been hiding inside his GOLD RESERVE BURROWS while we were experiencing the great bull run? Grin

Now is the time when we see worthless companies and worthless Cryptos collapse.  Indeed, several crypto lenders have already collapsed and even more are in the process of collapsing.  The Federal Reserve must fight inflation and will NOT be saving the markets this time.  Bitcoin has ZERO intrinsic value, it is only worth what someone else will pay for it.   Without the speculative bubble of the past 14 years to support Bitcoin, will go close to its value of ZERO.

You are in your usual pessamistic mood about BTC, I wonder why you didn't mention such things as monkeypox and forced FEMA tents as one of the causes of our future downfall? Tongue

But nobody's going to miss the crypto lenders and speculators, they were never part of the movement. People only saw them as the heads because they had the most money. Now that the heads are cut, watch the weeds paradoxially grow in grassroots.