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I hear all the Canadian banks are down and there might be a Bank run. Let’s see what happens next.
by randomhodler84 5y ago
I hear all the Canadian banks are down and there might be a Bank run.
Let’s see what happens next.
- rvz 5y ago> I hear all the Canadian banks are down and there might be a Bank run. Exactly. The banks are rubbish at this. It's obvious to see how a proper stablecoin being used for the same purpose in Canada, or any other country. After all, it isn't affected by Bitcoin's volatile price in any way which that is also my point. > Let’s see what happens next. I'll tell you what happens next: Bitcoin being likely to lose its value once again due to its extremely volatile nature. Sure, it may go up briefly too but in every scenario (including the Bitcoin donations), they will always want to cash it out to USD (or even a proper stablecoin) rather than 'hold it' or use it as a currency.
- randomhodler84 5y agoPlease try to understand where I am coming from. Your still stuck in the infinite inflation world of fiat currencies. It’s like watching someone rearranging deck chairs on a sinking ship. We have life rafts here, you just need to take one of these orange pills.
- rvz 5y ago7 days later. It continues to lose its value. I've already taken the orange pill years ago but sold some at >$60k. It makes even more sense to sell it to (USD, USDC) and buy back in lower.