/biz/ - Business & Finance

>>24630859
Peter? Are you ok Peter? Peter are you ok?

All in gold and silver my friends! Crypto is a place where only the whales will survive. You don't have 1000 BTC because you didn't mine it back in 2008 on your PC? Well, then you are out of the game because there are no regulations. We need KYC and regulations to kill these whales... until this happens... sell your internet money for gold.

>>22530808

Yield farming and Defi will collapse soon. And the Defi bubble doesn't actually need to pop, a hack is already enough.

If the prices drop now like in March 2020 then it will cause a chain reaction in the crypto sphere which is similar to the subprime crisis of 2008.

It will start with the liquidation of collateral on Aave and MakerDAO. It then goes on with the price fall of curve to sub $0.10 cents and at the same time DAI will lose its peg to 1 USD which will nullify the whole pool and all the money will instantly vanish.

CRV will become your XRP shit coin and will be noted below $0.25 USD forever! YFI will go down to $0.00 USD. With the fall of YFI the whole DeFi system which we know now will eventually collapse.

Crypto-Enthusiast won't be able to withdraw their funds as they wrapped their coins in so many shit coins that it would take forever to get out of it.

And who is to blame for the wrapping madness? Who will you blame for that you have wrapped your chainlink in so many shitcoins? I tell you. It is Chainlinkgod.eth and many other idiots.

Big players in volume like YFI who have built up an economic model that only works during a Bullmarket will collapse instantly.

Nexus mutual will try everything to not pay your claims when this house of cards collapses. No insurance will help you because if they would pay then the nexus holders will get rekt and this will be the end of NXM.

We will enter another crypto winter but this time a very very cold and long one. Crypto will be done for the next 5 years.

And it starts already now. The first signs are here. Have you tried today to add your ETH into the yearnfinance fault? Doesn't work, does it?

Avoid all this stress by simply buying gold.

Kind regards
Peter Schiff

4 coins that will make you rich:

0xMNR
SENT
KERMAN
YFV

we all know