The Problem Behind Crypto Crash 2021

[LootBox]

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.

When truck drivers are borrowing money from friends for crypto, thats when you sell.

Is everyone here too young to remember the .com bubble?

 

[dreadpixel]

When truck drivers are borrowing money from friends for crypto, thats when you sell.

Is everyone here too young to remember the .com bubble?

I'm online since 1996

 

[KaleidoJack]

Haven't heard Saylor saying that. And I don't believe he'd say that.

He says hold bitcoin forever, and if for whatever reason you need cash/liquidity, go to a "crypto bank" and get a loan against your bitcoin. Give your bitcoin as collateral for the loan, in other words.

I don't think he'd tell people to go into debt to buy bitcoin. That sounds reckless.

 

[dreadpixel]

Unfortunately, that trapped a lot of good people, that are now working hard to pay the loans.

Well wait, the loans are paid monthly. Loans also have some small fees. So I don't think he will go bankrupt. In 2 months he will get it back and so much ROI. So dont worry. Bitcoin will reach 150k-200k this year

 

[KaleidoJack]

But yeah. Crypto industry is WILD right now. When will the Tether fraud go public???

Meanwhile, in the Bahamas:

 

[ArronDrive]

Haven't heard Saylor saying that. And I don't believe he'd say that.

He says hold bitcoin forever, and if for whatever reason you need cash/liquidity, go to a "crypto bank" and get a loan against your bitcoin. Give your bitcoin as collateral for the loan, in other words.

I don't think he'd tell people to go into debt to buy bitcoin. That sounds reckless.

Everybody hear what they want.

 

[Dark Sky]

When truck drivers are borrowing money from friends for crypto, thats when you sell.

Is everyone here too young to remember the .com bubble?

Pfff young uns these days talking about the .com bubble.

Are you all to young to remember tulip mania? I remember that day like it was yesterday.

 

[DunderMannen]

A chunk of Usdt is not backed by USD.

Well the USD is not backed by USD either. You know the digits you have in your bank account? Those digits are lended to other people without your knowledge, so in reality banks just create more digits on a screen instead of lending out the money you put in your bank deposit box. Nothing new

 

[Nikolaos]

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.

That's true. Dollar used to be backed by gold and now nothing.

 

[onlinemarketer12]

If the tether scam really gets exposed there will be a big correction.