Peter Schiff is Right, BitCoin is well on its way to complete collapse
Now that BitCoin is below 20,000 Margin Calls will force MASS SELLING soon enough...
It does not matter if a Ponzi Scheme is based on Tulips, Based on Chain Letters, or Based on Blockchain. No matter what method you use to run a PONZI SCHEME... Nothing changes the fact that BitCoin has zero intrinsic value, is a PONZI and will collapse like every PONZI in history.
SCARCITY means nothing: There are only a finite number of shares of Celsius, that does not give them value... I have only 1000 tokens of HARD FACTS NFT's available, there will never be more than 1000 in existence... That does not make them worth a million dollars.
For those of you that are so CULT LIKE in your beliefs, and refuse to accept facts and the reality of what is now happening: Talk is cheap, make sure you take out a second mortgage on your homes, run up your credit cards, and " BUY THE DIP "
Is really terrible how crypto enthusiasts and some so-called investors only clamour for Bull market, at such they also fail to understand or prepared their minds for Bear market. Bitcoin is a seasoned coin which is known to halve every 4 years. Some may call Bitcoin or the entire Blockchain Ponzi because they are not making profit. But even if Bitcoin drop below $10k dollars, people who have the through knowledge of cryptocurrencies will continue to buy the Dip respectively and I will be among to eat the Dip.
Some don't cry wen the Bull is running but only cry when the bear is crawling, is not ment to be so.