To think a huge crypto bitcoin bloodbath is on the cards.

[Viviennemary]

I have thought this for quite a while. But surely it's any day now. How this crypto market is sustainable is a mystery. A lot of it is backed up by Tether a so called stable coin meant to be worth 1$ but it is suspected Tether isnt backed by anything. Its just printed tokens backed by nothing.

instagram.com/girlsthatcrypto?igshid=YmMyMTA2M2Y=

The link to the instagram page!

This is the worst crash for a while. I read some exchanges have suspended withdrawals. Some coins have gone to nothing. How people can risk losing their hard earned cash in this almighty scam beats me.

Interested in how people think this thread has aged?! I wish I'd taken more notice when my brother got into this years ago.

I was mocked, ridiculed, called a crypto Bro, tulips etc when I mentioned passing that I had purchased BTC and ETH.

I was an early adopted in 2019 at about £4k BTC and Eth about £200.

I am now looking at a portfolio, that hopefully, in a few years will pay off my mortgage.

I have an out of - mortgage balance, age 60 or bust!

This is my exit strategy.

Of course I appreciate that it may all be worth Zero in a few years, however, as a calculated risk, it is one I am willing to take, ride it out, and hopefully reap the rewards.

Good luck all those that stayed invested.

Don't worry, I won't be including a hyper link to my 'guaranteed 10x return portfolio lol!'

Gold isn't however backed by anything just like crypto and your reasoning for why gold has intrinsic value can also be applied to crypto. Plus there are use cases for it, now and in the future. Remittance coins for example, they can be a convenient way to send money, bypass traditional financial institutions, and the immutability and transparency of the block chain means those transactions are much more secure.

I wouldn't discount it just yet.