JimUk1 wrote:What are the chances since the global market slump, Peter resurfaces with his nonsense fear-promoting BS?
“I told you! It’s the financial apocalypse! Get your money into WE’RE bank where I can store
It safely under my materess”.
Actually, I'm looking forward to seeing all the various loons being ignited by the collapse in Bitcoin to start talking about how this is either the global collapse that the preppers have been fantasizing about for years or to start talking about how the only way out is to finally announce the Iraqi dinar revaluation that they've been promising forever.
Of course, the fact that Bitcoin, an illiquid and unregulated market where the majority of bitcoins are held by just a few players, where theft is rampant, and where commission rates of 20% or more further exacerbate panics, has absolutely nothing to do with any national-level financial system, is completely irrelevant.
I'm enjoying the bitcoin meltdown from the sidelines and remembering a lesson I learned 20 years ago in the great Internet bubble market: bubble markets do eventually go down and when they do, it's utterly memorable.