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File: 103 KB, 302x224, Screen Shot 2017-10-18 at 15.45.09.png [View same] [iqdb] [saucenao] [google]
7489198 No.7489198 [Reply] [Original]

https://www.youtube.com/watch?v=uJ87Yj2s5B4

It's about to get really ugly guys

>> No.7489660

Peter Schiff is right on the US economy but wrong on crypto.

>> No.7489699

>>7489660
Peter Schiff is right about everything

>> No.7489749

>>7489699
>>7489198
If there is an inflationary collapse then wouldn't a lot more money go into crypto as a safehaven?

>> No.7489916

>>7489749
bump

>> No.7490009

>>7489916
Most likely not, crypto is not usable anywhere and so buying it is a huge risk. Nobody is gonna want to be buying it before it can be used so it won't seem like an attractive investment and won't gain adoption either. Chicken and egg

>> No.7490085

>>7490009
>crypto is not usable anywhere and so buying it is a huge risk.
lol what?
I can transfer money anywhere in the world, I can store value, I can buy things

>> No.7490185

>>7489660
The same peter schiff that tells you to sell him your btc in exchange for gold with a 2.5% fee. Wrong or a good sales man?

>> No.7490197

>>7490009
Ive been buying shit with my crypto for the past few years. Stop parroting the same bullshit.

>> No.7490217

>>7490085
its too volatile for that much money to go in it

>> No.7490271

>>7490197
>>7490085
You're kidding yourself if you think a high-risk investment like crypto is gonna gain mass adoption as currency if an actual depression hits in

>> No.7490573

>>7489749
Why would you use something as volatile crypto as a safe haven? Are you autistic??

>> No.7490604

>>7490085
how the fuck is it a store of value if it loses 70% of its value in 3 weeks?

>> No.7490606
File: 147 KB, 1024x515, 1518143485143.jpg [View same] [iqdb] [saucenao] [google]
7490606

>>7489198

>> No.7490608

>>7490197
you aren't buying with crypto, people want the DOLLARS that they can get from selling it or you are selling the crypto in the transaction for USD and paying with that. NO ONE IS ACCEPTING CRYPTO AS A FORM OF PAYMENT!

>> No.7490609
File: 9 KB, 250x250, 1506786195185.jpg [View same] [iqdb] [saucenao] [google]
7490609

>>7489699

except fracking

>> No.7490626

>>7490573
Why are you so dumb, look at things like stablecoin or tether.

>> No.7490676

>>7490626
you are delusional if you think anyone is going to flock to these cryptos as a safe haven, people are going to go to traditional ones like always

>> No.7490709

>>7490626
stablecoin not even on coinmarketcap, could be a total scam
Ah yes, Tether. Lets put our hard earned cash into a company which has refused to be audited, what could go wrong!

reading delusion like this makes me so happy I got out at $1300 ETH