That might well of happend with your friend but everything else you wrote was crap lol
"Few" 'People taking out loans for bitcoin' guess what the banks still get their money back
Yes at interest and yes with money that never existed, no room for loss there.
News to you fiat is already worthless and has been since not being backed by gold.
Oh dear gold and silver become worthless because of crypto, now I've heard it all.
"Few" 'People taking out loans for bitcoin' guess what the banks still get their money back
Yes at interest and yes with money that never existed, no room for loss there.News to you fiat is already worthless and has been since not being backed by gold.
Oh dear gold and silver become worthless because of crypto, now I've heard it all.
These are the early signs. Just because it somehow hurts your ego does not make such events go away. We will start seeing more and more stuff like I described in OP. Gold and silver have only a small intrinsic value in comparison to their current speculative value. They will lose a great portion of their value just because so many people are so god damn sure of their value and don't expect it to fall. For example, look at yourself, you are so delusional that you refuse to think of the possibility that precious metals might lose their centuries old high value. The consequences of bitcoin are much bigger than you can think of.
