Absolute BTFO. Bitcoin is nuked. Done. Its all over. Buy gold are be poor forever

Absolute BTFO. Bitcoin is nuked. Done. Its all over. Buy gold are be poor forever.

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>down 20% after 300% increase
ok schiff can't be this retarded, what's his angle?

Gold crashed 22% during the 2008 recession.

dont listen to this tard, dont buy ((their)) gold bags. If you dont have land or a business with factories producing essential stuff you are screwed, you cannot store value.
If you think hard times are ahead buy supplies and protection and learn skills faggots

Historically, it is impossible to find a ten year window with BTC not being more expensive at the end than it was before, and that is very good.

He's a gold salesman.

True.
What's the explanation for this?
In response to the recession they printed insane amounts of money. The dollar should have devaluated against everything.

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why buy bitcoin when cruzbit is the new bitcoin?

during crashes things move so quickly that the numbers don't always add up.
after the dust settles though things go back to normal

They pumped up credit and assets, but that's not the same thing as printing money. The dollar is only inflated relative to those assets. When they pop, no one will throw away fiat to buy them.

(((Schiff)))

Bitcoin is just about 10 years old retard.
And its flattening out already.

>doesnt look at the total market history
>doesnt realize bitcoin literally made money out of thin air and is still more stable than any jew bank and that is why jews are after bitcoin

>bitcoin literally made money out of thin air
So you are admitting that it literally is fake internet money. Well I am glad at least one of you crypto crappers told the truth.

What a giant faggot

It's not the number of dollars in the system, it's the velocity of money that causes prices to spike.
That is, it's when people use all the extra dollars to make claims on real things (or stocks or whatever) that the prices of these things go up.
Dunno about gold specifically though.

imagine being so dumb you think this is Schiff btfo'ing bitcoin, it's like a politicians appeal to the low info. I'd say he'd make a good politician but he has already failed at that.

All value is subjective.

HAHAHA he is absolutely right look at all those BITCOIN BAGHODLERS in this fucking thread.

>buys more

he has big crypto bags and his friend confirmed it live with him sitting right next to him

Subjectively people are retarded. Bitcoins objective value is zero.

Name something with objective value

then he probably dumped his gold around 2012 and went all in on btc. Now he's probably short on both

>what is market manipulation to force the herd to panic sell or fomo.
Fuck this jew piece of shit stinking rat and fuck all kike rats.

The guy literally sells gold and anything he says should be viewed in that light.

>Subjectively people are retarded.
Actually, no. This is something that can be objectively measured.

you are a faggot mate, id bum you to oblivion

based schiff, cryptocucks buttblasted

The antidote to poison you need right now ;)
Thats the reason true libertarism will never work
You will pay everything in certain situations

>Peter Stiff

See this? This is real. Real 24K motherfucking gold.

See bitcoins? Nope didn’t think so. How stupid is that investment. Get real children gold IS the standard.

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tank u sir for gud invest teep

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well compared to fiat currencies and banks irl, bitcoins value will always be more than what fiat currencies are, because it is unregulated and the JEWS cant take taxes from in between transactions.

So damn funny watching crypto crapppers desperately try to defend their ponzi. Its all over. Sell now if you know what is good for you.

yet

Who here would buy my 1 btc for 2000$
Say I'm desperate and need cash now .

Fucking boomers itt go back to your John Deere, Monster Ultra Zero and fucking AC/DC.

>*Bitfinex'ed seething*

Bitbois btfo

i don't think bitcoin was ever thought to be recession proof asset. it's forte is totally different. try to leave your country with a bag of gold when they are confiscating wealth!

>Leaving your country
Nice try schlomo

Maybe because banks like Santander and Barclays are stopping users depositing money to exchanges?

I would but I live in NZ. You could send me the Bitcoin and I would have it in a couple of minutes and cost $10 in transaction fees, whereas sending you fiat would take at least a day and cost >$40.
Funny that.

it's definitely in the cards for me, a retarded mafia basically captured the state here and are dead set on running the country to the ground squeezing everything out of the people.

bitcoin is the best escape vehicle for wealth ever conceived. long term it's guaranteed to appreciate can not be stopped or confiscated can not be inflated away. everyone should have at least 5-10% of their net in btc.

>Gold crashed 22% during the 2008 recession.
>What's the explanation for this?
Hedge funds liquidating large gold positions in order to cover margin losses on other investments. You could see gold drop three days after every big stock market plunge, always three days because that was the margin-call deadline.

more like in recession cash is king everything takes a dive.

Which country? There are at least a couple of dozen countries fitting that description now.

No, it really wasn't that. They held on to gold as long as possible, but were forced to liquidate to cover.

If you look at the chart, gold peaked at IIRC 1792 a couple of years later. It was pretty obvious that it was going to be the big safe haven. It was the enormous market losses in 2008 that forced a lot of trading funds out of it.

Barclays hold the Coinbase account m8

>Barclays hold the Coinbase account m8
lmao i bank with barclays and santander.. and i just closed my bank of scotland account.. how fucked am i

srs how do i put fiat into crypto now?

>Pays chinks mining fee

What prevents it from happening again

where are you located?
i can do cash or anything else

god the salt is hilarious

What, rising above 1900 like during the euro banking crisis? Go look at euro bank stocks, they are at the bottom of resistance, any nudge will set this off. Comerzbank and DB will fuck Europe hard.

Can the reason be because most trading occurs on centralized exchanges?

Yeah it's s fix, the market doesn't set price, and (((they))) can just short the market for free to slam the price down again. But they're loosing control of the narrative now, folks don't trust the system.

If you have option to use sithet thin air money with unlimited emission or thin air money w limited supply and fixed low emission... No matter how imperfect is the bitckin, it's always less stupid than paper jew money. It only shows how retarded is the credit system.

bitfinex'ed will never come to terms with selling btc pre 2017 pump
I can imagine his last words
>t-tether... scam...

short selling made it drop