Topic: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why.... - page 7. (Read 1580 times)

Oh hey! Haven't seen you since the last crash. You know, when you were busy defending the guy who said his "computer forgot his password", lol. I was starting to worry that something had happened to you.

I'm still waiting for that sub $1k bitcoin you promised so many times. I've got a stack of fiat just sitting here for the last 3 years slowly rapidly devaluing waiting to buy in! $1k is definitely coming this time, right? Does Peter Schiff promise?

Absolutely it did. And now we are seeing all these scam shitcoins, NFTs, and DeFi nonsense exit scam and disappear. Bitcoin will be just fine though, don't worry.

Good. These companies are fractional reserve centralized scams. Guess what hasn't collapsed? My wallet software or my private keys. The sooner everyone gets their money off these platforms and in to their own wallets, the better.

Bitcoin has only existed in an era of MASSIVE MONEY PRINTING by the Federal Reserve, that started in response to the 2008 Financial Crisis.   When the Federal Reserve is printing money, stocks, and most other financial assets go up by a huge amount.   The best example of this is MARCH 2020, stocks and Crypto crashed on an epic scale ( Bitcoin 3000 ) when the economy basically shut down.   The federal reserve did a MASSIVE amount of money printing and stocks and other financial assets miraculously recovered in just a couple weeks.

Money printing and zero interest rates ( AKA:  FREE MONEY ) create huge speculations in worthless schemes that would never normally exist.  Tulip Mania, Dot Com Bubble, Zombie Companies that never make money, Cryptos, etc, etc.....

NOW:   Inflation is now very bad, forcing the Federal Reserve to raise interest rates and withdraw money from the system.   Now is the time when we see worthless companies and worthless Cryptos collapse.  Indeed, several crypto lenders have already collapsed and even more are in the process of collapsing.  The Federal Reserve must fight inflation and will NOT be saving the markets this time.  Bitcoin has ZERO intrinsic value, it is only worth what someone else will pay for it.   Without the speculative bubble of the past 14 years to support Bitcoin, will go close to its value of ZERO.

Bitcoin has NEVER seen an era of rising interest rates and tight money before.  This time IS DIFFERENT !!!!!  Ignore this fact at your own risk