Breaking Points
Krystal and Saagar update viewers on the state of crypto markets that saw Bitcoin drop below the 20K mark for the first time in years
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New Yorker Feature: https://www.newyorker.com/culture/culture-desk/the-rise-of-the-internets-creative-middle-class
Peter Zeihan: https://zeihan.com/end-of-the-world/
Crypto is speedrunning into every form of financial fraud from the 18th-19th centuries. Get your wildcat bank notes while its hot! Do it while you destroy the Earth!!
I been saying it since i first heard about Crypto. It'll be used as just another scam for the wealthy to use to steal money from the middle and working class. When a currency can be devalued because a celeb billionaire tweets you know its a scam.
2:12 don’t forget buying drugs online 🙂
Peter Schiff called out the CEO of Celsius 6 months ago! Whenever Wall St. gets involved you know it's a scam! lol
I love how they talk about crypto as if “hey, we tried it and it didn’t work”, let’s move on. If we looked at the economy and panicked like we are about crypto, would give up on everything. You only lost the money if you sold. Have a little bit of confidence in the future you fools. Go ahead and sell your shit to me for $.20 on the dollar then. See you in 2030. Every major corporate balance sheet is going To have crypto in the future.
The US dollar is also backed by the Federal Reserve.
Breaking points sucks anymore. Krystal is a moron. They have stupid guests. Russel Brand just puts out better videos.
This makes me think of the Tulip Mania.
Lets Go Bitcoin!!!!
Crystal is an assault on the English language and my auditory senses to an extreme
Given the energy costs to mine and store crypto it's value is actually negative. They're not assets, they're parasites.
Please god let crypto keep crashing and burning. I would like to be able to buy a video card for a computer sometime in the next 2-3 years, and between the electric energy usage and chip consumption of the mass crypto farms out there, its been horrible for both the environment AND the chip supply.
If I wasn't broke, I'd be buying up BTC right now. ETH is a shitcoin, though.
Absolutely loving this crash! The CryptoBro tears are delicious
immensely tragic
#sadbois
The value of bitcoin (not crypto overall, bitcoin is unique in this) is the programmatic guarantee that no capital controls are ever possible with owning it. One other hard asset that has this is gold and has been the go to asset for that for 5,000 years and more. The main advantage bitcoin has over gold here would be its ability to be transferred globally at the cost of nothing because with gold you have to pay highly for security and time to get it transferred securely. Owning dollars, houses and so on are much better stores of value but you are putting yourself at the risk of government seizures. These are the trade offs. Owning bitcoin for speculation is not the main function of it and anyone doing that should know what they're doing and expect 80% draw downs as part of the four year cycle programmed into bitcoin's distribution.
Not one person has been able to explain where the value from the first 4 bitcoin that Satoshi Nakamoto pulled out of his ass., came from.
Over leveraged people and institutions getting flushed. It's a tale as old as time.
I felt weird hearing the repeated thanks from a close Friend after I reminded him to 'Not gamble with anything he couldn't afford to lose.' He sold off, and the bottom fell out. I simply replied, "It could have just as easily gone gang-busters, and you would have been upset you listened to me; hence the gamble!"
Buy gold, buy silver. Best measure against inflation. You will be happy you did so.
Come on sagaar you know there’s gonna be blood, you’ve held bitcoin bud. The average bear market drop from tip of the bull’s horn to the bottom of the bear’s ass is 85%. Paired with all of the lending and betting I’m not surprised we broke beneath the previous all time highs ($20,000).And of course anyone keeping up knows we’ve never done that before. Keep the fear pedal to the floor I’m trading these drops and looking to move some of these bottomed out prices to non custodial wallets baby. Let’s gooooo!!!!
By the way sagaar I know you’re buying some these lows in btc and probably some s&p plus Teslas and apples you’re not a dummy
That all-in crypto guy was Michael Saylor, CEO of Microstrategy.
I like paper money with big numbers and metal coins with smaller numbers. m/ Bailey Building & Loan. C'mon in and talk ta ol' George.
I'm only about 7% NFTs, the other 93% is in crypto
The whole financial situation has been ran into the ground for the foreseeable future. We're screwed!
May it drop to 0 and stay there for all time.
Yes, all coins.