also there is a recession coming next year

gold and silver coins

I work with Bitcoin and have looked at several price trend models. 2500 is the technical lowest value it can get this year

Ppl are saying next month

I rather hear economists lol

fair

and I'm gonna waste all my money on a trip just before muahahahhaa

lol

Google "bitcoin longterm chart tradingview"

interesting

i became a millionaire after investing in bitcoin

gambling*

It's not gambling if you do research

It's literally designed to be resilient and increase in value

it's gambling, at least according to warren buffet

But yeah, I wouldn't invest anything I couldn't do without until 2025.

It'll be worth 250k-1mil by then

a company stock is based on a company, what's the base of bitcoin?

Trust

Your bank doesn't actually have all your money

Ever heard about the federal reserve?

not american

but yes I have heard

Banks lend money in your account multiple times. There are trillions of dollars which actually dont exist

It's said that most Banks don't even have 3-10% of the funds on them

When, not IF this system crashes. You would want to own one or many cryptocurrencies. Bitcoin is the most likely to survive for 10 more years. By that time it'll also increase in value instead of decrease due to inflation

They are supposed to have a government mandated reserve.

Okay. Have you ever heard of a bank run?

banks are heavily regulated, I don't think this is right

I'm an MBA, of course I have.

Bank runs were a major factor in the great depression.

nobody cares that you're a basketball player

:^)

^_^

You can Google it. Reserve requirement ratio.

"The Federal Reserve requires banks and other depository institutions to hold a minimum level ofreserves against their liabilities. Currently, the marginal reserve requirement equals 10 percent of a bank's demand and checking deposits."

There you go. Carry on with the panic.

I just wanted you to be accurate in your fearmongering.

That also doesn't stop the federal reserve (which isn't a government agency) to print more money

is that reserve cash?

"How Banking Works - Prepper Edition"