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Message Subject Bitcoin will crash to 4000$ in 2022 June - July
Poster Handle BoneTrout
Post Content
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.
 Quoting: Anonymous Coward 82854957


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.
 Quoting: Shaun Kaven



Did you see what just happened to UST stable coin???

Now think about USDT tether. It's not backed... most BTC is bought with tether.

There is no way you can say what you said and know about ust and the liability of usdt.
 Quoting: Anonymous Coward 80143766



USDT (Tether) is holding steady at .9976 cents - almost perfectly tethered to USD 1:1 and has not wavered through any of this recent volatility.

Not sure what makes you believe it will now.
 Quoting: Anonymous Coward 77994864


thats because its the only real stable coin . Crypto is traded in usd and rubles. it is tied to both. It will be worth a buck but not the 100 rubles it once was.
 
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