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Bitcoin will crash to 4000$ in 2022 June - July
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[quote:Anonymous Coward 83197832:MV81MTExOTkxXzk0MjAxMzY4Xzc0RjYwNTAw] [quote:Anonymous Coward 82854957:MV81MTExOTkxXzkzNzY3NTg1X0FGMDgyREMw] [quote:Anonymous Coward 80301264:MV81MTExOTkxXzkzNzY3MDY3X0Q5NEVBMzg5] [quote:Anonymous Coward 82854957:MV81MTExOTkxXzkzNzY2ODkyXzk4MTM3RDE0] [quote:Shaun Kaven:MV81MTExOTkxXzkzNzY2NjI1X0VGMUQxQzc2] [quote:Anonymous Coward 82854957:MV81MTExOTkxXzkzNzY2MjU1X0E3NTUyMjZE] BTC and many cryptos will collapse, because the dollar and the euro are worthless, as the these fiat currencies down spiral to oblivions, many will rush to withdraw and convert their token to fiat to then either buy something tangible or to shift to other speculative investments strategies, that's for the smart guys that can even afford to lose it all without undermining their comfortable standard of living. All the other schmucks will be wiped out, go bankrupt just when a global inflationary depression hits the whole global economy. Cryptos are mostly tied to fiat, if suddenly fiat hyperinflate to become actually worthless, or if cryptos are made unconvertible to any fiat, the Ponzi crypto gambling scam would collapse overnight, leaving behind all the dumbed down brainwashed purist cointards holders and the stuck wannabe rich quick bagholders. Not even mentioning the social meltdown as a result of many clueless idiots that would have lost third parties savings, that believed in their claims about paying them back double digits percentage return over their investment. [/quote] This makes zero sense. Fiat is on its last legs. Our children won’t even know what paper money looks like. As inflation hastens, the value of crypto will sky rocket. As Thiel said, BTC is how we store value so it’s analogous to gold except undervalued by 100x. I do believe there is fraud in stable coins but against the collapse of fiat, I’m rolling with crypto thank you very much. BTC could never drop to $4K for two important reasons; 1) Fiat is too weak. That $4K is in dollar terms and the dollar is imploding 2) There’s too much support for BTC even at the $20K level let alone $10K or $5K. Remember it’s not just held by crazy GLPers anymore. Now it’s held by hedge funds, pension funds, etc. [/quote] What's the value of cryptos outside the convertibility to mainstream fiat currencies ? none ! There's no solid BTC support left because we're entering a global inflationary depression coupled with a looming economic and military global war. Once the big stake holders rush to sell off their loads of fizzy bytes, the BTC quoted value will drop like a rock very quickly, there's also the technical aspect that's being undermined, we have today less certainty the power grid and the telecom networks will remain stable as it has been over past times, either by criminal design or by the instability due to the new emerging global economic and financial crisis, these services will soon become much less reliable as the global crisis unfolds. Most of you are delusional and brainwashed, but once the shoe will drop you'll finally understand. [/quote] You are discrediting yourself. First you say crypto will tank because fiat is tanking with inflation You get bitchslapped about how the exact opposite will happen because as fiat weakens crypto strengthens. It takes more and more low value fiat to buy anything. That is the definition of inflation. Its why tards think they made bank on selling their house...lulz. now they get to pay inflated prices for another house or for rent. Zero sum inflation bahahahahahah Then you pivot to your only other prong which is "nonconvertibility to fiat" which is not happening on a worldwide basis or even close to it. You might as well shake a stick at us about how alien unicorns are going to come and gore all crypto hodlers. Beware! Youll be sorry!! FFS [/quote] Cryptos are backed by nothing, even the platforms claiming they have pegged their tokens two various valuable commodities wouldn't be able to provide holders willing to get a certificate of ownership or even get their hands over these pretended convertible values, that's completely insane. Hence most of smart crypto gamblers use to convert their gains to fiat to then get something worth and tangible, they don't use crypto wallets to store their wealth but rather to control their net worth outside the online platforms. Finally your claim about inflation is clearly foolish, why would you buy cryptos with hyperinflating fiat when in the meantime many try to withdraw their savings to face the fiat downing spiral ? maybe in the first place the phenomena you described would occur but it wouldn't last long at all, that would be the brainwashing effect of those that foolishly put their faith in toxic digital nothing worth fuzzy bytes. Also many retailers and services providers accepting cryptos for payment today, will soon vanish very rapidly, that's when I believe the mirage will suddenly dissipate and sets a new round of panic over the crypto exchange platforms. The digital euro, dollar and else, will all be backed by real valuable commodities, and will be fitting the main frame established by the BIS, all the cryptos aren't regulated by these international banking regulations, and guess what ? you are willingly being kept unaware about that fat jack by the big boys that actually are pulling the strings, there won't either be convertibility possible between these mainstream backed digital currencies and the fuzzy cryptos, you'll have to get fiat to then convert it to these new digital currencies able to purchase anything anywhere at the speed of light, anyways it's a digital consolidated prison that is dawning on us, dumb and evil! [/quote] What the fuck is gold backed by? BTC is a store of energy. That's is the value. [/quote]
Original Message
don't short Bitcoin on exchanges
use Stock company which are invested in Bitcoin and short these if possible
Most crypto exchange will belly up after the crash
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