The Problem Behind Crypto Crash 2021

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The problem is when crypto crashes, private investors don't get bailed out like banks do when real estate crashes. People keep buying BTC, but the market is correcting down to 15k for BTC as some have predicted. And the pricing for most alt crypto will fall in line, before it starts any sort of solid rebound.
 
This concerns me. After reading those two articles, it is clear that Tether will be a problem for the industry. People saying Doge Coin jokes are an "existential threat" to crypto/digital assets... They better not read those articles, then.

Thanks for making the thread!
 
Honestly the articles seemed really well researched and if the analysis is right, btc is heading back to 17-18k. Nevertheless the writer is forgetting that even the dollar itself is backed by nothing really. All fiat currencies are guilty of the same ponzi. They only dont get caught because they are the government.
 
Brickbat1 said:
Honestly the articles seemed really well researched and if the analysis is right, btc is heading back to 17-18k. Nevertheless the writer is forgetting that even the dollar itself is backed by nothing really. All fiat currencies are guilty of the same ponzi. They only dont get caught because they are the government.
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isn't fiat backed by gold?
 
that sounds scary, I was under the impression that most currencies are backed by some or the other precious metal
 
Well, it wouldn't be the first time the Bitfinex guys had something to do with it. And it probably won't be the last time either.
 
I read this a while ago. How can you Tether a coin with no cap.
Well technically there are inflationary cryptos too, like Dogecoin, but... Dollars are just depending on the debt. But also crypto, depending on holders that bought ATH and holding to higher grounds to get out.

It's a world of speculation. Cryptos is the future, it is more solid now, more Proof-of-Work, Proof-of-Stake and more. It is not going to fall hard, it is here to stay in our daily lives.
Example:
I will start using Holochain as hosting for my future apps. Decentralizing hosting instead of off-shore shady hostings that might close the next day. I like Helium too, which is a hotspot that will give you internet anywhere from people sharing their connections.

Such amazing appliances now.
 
A friend of mine bought 10 BTC when it was 55k, now he doesn't want to sell them, he will keep till the moment when they will increase. All he can do right now is to take loans. The articles above will interest him for sure
 
ArronDrive said:
A friend of mine bought 10 BTC when it was 55k, now he doesn't want to sell them, he will keep till the moment when they will increase. All he can do right now is to take loans. The articles above will interest him for sure
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Yeah, I saw Michael Sailor giving that financial advice. Get a loan, get anything you can, borrow money from banks, from family and so to buy Bitcoin.
I cannot find the specific video cause this guy makes daily videos about buying bitcoin. That trapped many people.
 
There is no problem the market was heavy and it took a loss theres peoples who lost 6 figures today and still making trades & buying for the future profit fill ups

Its normal to take losses you cant always catch all trains
 
dreadpixel said:
Yeah, I saw Michael Sailor giving that financial advice. Get a loan, get anything you can, borrow money from banks, from family and so to buy Bitcoin.
I cannot find the specific video cause this guy makes daily videos about buying bitcoin. That trapped many people.
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Unfortunately, that trapped a lot of good people, that are now working hard to pay the loans.
 
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