I hope that nobody kills themselves when BTC drops to zero.…

Twetch · November 7, 2019

I hope that nobody kills themselves when BTC drops to zero. I feel so bad for BTCers even though they are like horrible goblins. All they have to do is hedge against their own ignorance! They are so stupid and their ignorance is so big but they won't.

Replies

Twetch · November 7, 2019

what time frame are we talkin here?

Twetch · November 7, 2019

Hard to say. Some even will occur randomly that causes everyone to realize at the same time that they must all escape as rapidly as possible.

Twetch · November 7, 2019

Yeah I gave up trying to persuade them to just get 1-2% of their holdings in BSV. It's like holding BSV will poison them or something.

It is so cheap to hedge 1:1 BTC:BSV right now.

Dumb af.

Twetch · November 7, 2019

The trigger will likely be the coming financial crisis, which will be far bigger than the one in 2008; the Fed just recently started doing QE again.

Then fiat will flow into assets; BTC will briefly skyrocket, and then proceed to completely collapse.