When truck drivers are borrowing money from friends for crypto, thats when you sell.
Is everyone here too young to remember the .com bubble?
The Problem Behind Crypto Crash 2021
- Thread starter superhaz
- Start date
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
Banned - Selling outside marketplace
- Jul 27, 2010
- 2,502
- 1,179
I'm online since 1996
KaleidoJack
Junior Member
- Nov 21, 2020
- 165
- 101
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.
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
Banned - Selling outside marketplace
- Jul 27, 2010
- 2,502
- 1,179
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
Junior Member
- Nov 21, 2020
- 165
- 101
But yeah. Crypto industry is WILD right now. When will the Tether fraud go public???
Meanwhile, in the Bahamas:
Meanwhile, in the Bahamas:
ArronDrive
Newbie
- May 16, 2021
- 10
- 5
Everybody hear what they want.
Dark Sky
Banned - leaving fake reviews.
- Apr 3, 2019
- 1,610
- 2,729
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
Elite Member
- Sep 11, 2019
- 2,135
- 1,986
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
- May 27, 2016
- 11,120
- 2,526
That's true. Dollar used to be backed by gold and now nothing.
- Nov 22, 2019
- 6,960
- 1,681
If the tether scam really gets exposed there will be a big correction.