Comments by "Piccalilli Pit" (@piccalillipit9211) on "Crypto World Is CRASHING" video.

  1. IM AN AUTHOR on the collapse of civilisations - my savings are in physical gold coins in a physical iron safe bolted to my physical house wall... I'm not an investor, I'm not a prepper, I'm just a guy who would like to be able to eat if/when civilisation ends. If I were to rank things in order of worthlessness 1) NFT's 2) Crypto 3) Stocks 4) Paper money of iffy currencies 5) Paper money of reputable currencies 6) precious metals 7) gold coins
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  2.  @stevewilson5546  - NO that's what's called BS. The value of stocks is based on the capital assets, profitability and intellectual assets of the company. Can it be inflated by markets YES, but it has a basis in reality. Fiat currency is based on the stability, GDP and tax revenues, reserves of the country. Can it be inflated by markets YES, but it has a basis in reality. Crypto has ZERO basis in reality - it is ONLY market so it can crash to Zero. LITERALLY ZERO. Im not interested in buying low and selling high. I dont live in your world. My money is in gold coins, I grow my own food...
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  3. NOT TO WORRY - its value is based on nothing and is backed by nothing - no way it can be worthless tomorrow...
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  4.  @zacrl1230  - I sold a company in 2015 for €6 million - as I say, I don't live in YOUR world. My money is in Gold coins and I farm my own food. Have fun being a nothing trying to be a something.
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  5.  @zacrl1230  "on your YT account made in 2020. . . lolz" YES - as you point out, people have a reason to find me, and I am quite well known as an author I have to change it every couple of years to lose the stalkers and nut jobs.
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  6.  @barracuda861  - Gold has always had value even when civilizations collapse, cos not all civilisations collapse globally at the same time.
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  7.  @ratulxy  Gold has always had value even when civilizations collapse, cos not all civilisations collapse globally at the same time. BTW - I agree with the comment on Peterson.
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  8.  @zacrl1230  - I have no need for you to believe me, you are a man with a pair of testicles for an avatar... Im an author now BTW - on the collapse of civilisations... This is the list of contributing factors to societal collapse: Plague / disease Y Environmental change Y Massive wealth inequality Y Loss of the administrative class Y The government stops governing Y Attack from the outside - now includes cyber attack Y Loss of faith in the political system Y Economic collapse Y Exposed obvious corruption Y Crumbling infrastructure Y Mismanagement of a crisis Y Societal division Y Loss of belief in the unity of the society Y Restriction of international trade / loss of trade agreements Y Increased isolationism Y Rising internal violence Y Excessive spending on military / arms race Y Inability to maintain the currency - hoarding / devaluation / hyper inflation Y If a majority of things on the list happen to a civilisation simultaneously, it is invariably the end for that civilisation. If all happen at the same time, it's guaranteed to be the end. The USSR collapsed with 9 out of the 18. America scores 18/18. And you have reached "cascading interconnected systems failure" - everything is broken and everything you need to fix it is also broken. The only question left is can you MANAGE the collapse? Will it be like the end of the British Empire - or Yugoslavia 1992 with way more guns. Goodbye.
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  9.  @sisuguillam5109  - Thank you...
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