►
From YouTube: Will there be a TOTAL Crypto Collapse?? @MaxMaher discusses and @PeerplaysBlockchain reacts!
Description
Jonathan reacts to @Max Maher who discusses the possibility of a total crypto collapse. Could it be happening? What are your thoughts? Please comment below!
Original video: https://www.youtube.com/watch?v=wRzMIAHOXe4
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A
A
Should
that
worry
you
do
you
think
that
they
know
something
that
you
don't
well,
it's
actually
quite
interesting
because
something
else
is
going
on
that
most
people
aren't
aware
of,
and
if
you
take
a
few
minutes
to
go
through
this
with
me,
we'll
help
explore
that
and
find
out
what's
really
going
on.
Is
it
really
going
to
collapse,
or
is
this
all
something
else?
That's
just
misunderstood.
Let's
find
out.
B
A
A
B
A
B
A
B
A
My
gosh
I
can't
believe
he
just
used
the
Next
Generation
reference
that
isn't
really
a
throwback.
I
haven't
seen
seven
to
nine
in
in
decades.
That's
that's
pretty
cool
yeah,
so
I
just
had
to
say
that,
because
I
haven't
seen
a
reference
to
Next
Generation
Star
Trek
in
a
really
long
time.
So
that
was
weird
so.
B
B
The
utter
Ruckus
of
2020,
which
saw
mistrust
in
traditional
governments,
people
from
across
the
political
Spectrum,
again
became
more
open
to
the
idea
that
hey,
maybe
there's
something
that
this
Bitcoin
I've
been
hearing
about.
Also
a
lot
of
people
were
just
kind
of
at
home
in
front
of
their
computers.
You
know
where
crypto
comes
from
looking
for
something
interesting
to
click
on.
Maybe
it
was
institutional
mistrust.
B
A
He's
talking
about
how
everybody
just
had
lots
of
time-
and
maybe
this
may
be
that
about
why
Bitcoin
I
guess
when
the
fact
is,
though,
at
the
exact
same
time
we
had
a
complete
collapse
of
the
economy
and
nobody
was
working
so
yeah.
Maybe
they
had
more
time
to
look
at
it,
but
I
think
that
it
was
a
much
bigger
issue
than
just
that.
I,
don't
think
it
was
just
people
like.
A
Maybe
this
Bitcoin
thing
I
think
a
lot
of
people
were
seeing
the
I
think
there
were
more
people
that
saw
the
truth
about.
What's
going
on
with
the
financial
system,
then
I
think
we
let
on
I
think
there's
a
lot
more
people
out
there
that
just
don't
talk
about
it
and
they
realize
what's
going
on
and
they
knew
they
had
to
make
a
move
into
something
and
that's
when
they
started
to
get
into
Bitcoin,
because
everything
else
was
just
wrecked,
and
the
fact
is
is
that
they
can't
trust
these
institutions
anymore.
A
I
think
that
there's
this
swelling
growing
interest
in
this
new
system
than
more
people
want
to
admit
it's
kind
of
like
if
you
say
anything
about
Bitcoin
now
to
somebody
who's
like
ignore
me.
You're
considered
like
a
conspiracy,
theorist
or
something
crazy
like
that
to
to
even
think
about
some
kind
of
alternative
right
and
I.
Think
a
lot
of
people
don't
want
to
have
that
kind
of
stigma.
A
They
just
kind
of
like
to
quietly
be
able
to
make
this
move,
and
hopefully
it's
going
to
pay
off
because
they
don't
want
to
look
like
an
idiot
when
things
go
down,
which
is
what
happens
to
everybody,
who
openly
expresses
and
says:
hey,
I'm
a
Bitcoin,
so
every
time
it
goes
down,
they
come
to
us
like.
Oh
you,
poor
thing,
you
know,
you've
lost
70
percent
and
everything
else.
A
What
we're
seeing
in
the
economy
right
now
is
not
just
a
recession
but
moving
towards
a
depression,
and
when
we
get
into
that
state
I
think
people
are
going
to
just
be
open
about
having
a
Bitcoin
because
like
if
you
just
if
you
have
anything
else,
it's
gonna
be
like
garbage
so
watch
for
it
just
watch
how
the
tables
can
turn
really
really
quick,
don't
be
so
focused
in
the
way
things
are
today,
because
tomorrow
it
could
change
on
a
dime.
So
those
are
my
thoughts
on
that.
So,
let's
keep
going
that's.
B
A
potential
solution
to
Global
and
local
problems
and,
as
a
result,
prices
skyrocketed
across
the
market
and
to
be
clear,
it's
not
really
the
Public's
fault
that
there
was
a
bubble
bubbles
don't
occur
just
as
a
result
of
Mass
public
interest,
I'm
sure
that
does
help.
But
I
tend
to
think
it's
more
about
what
a
few
bad
actors,
not
that
guy
more
like.
B
They
took
off
massive
loans,
bought
even
more
cryptocurrencies
and
expanded
their
operations
aggressively
hiring
tons
of
new
staff
classic
bubble
Behavior.
So
when
all
it
popped
and
not
in
the
good
way,
these
companies
couldn't
pay
the
loans,
the
rent,
the
people
that
they
hired.
So
they
took
the
public
hype
and
They
seized
it
and
when
things
Came
Crashing
Down,
the
first
thing
to
go
are
those
extra
people
they
hired.
B
A
Many
okay
right
there
he's
he's,
giving
you
some
truth
right
now,
so
crypto.com
has
been
actually
Under
reporting
the
amount
of
people
that
they've
been
laying
off
they've
been
laying
off
way
more,
like
5x,
more
500,
more
than
what
they're
claiming
is
has
has
been
what's
been
happening.
That
is
disturbing
because
it
would
look
like
that.
That's
cryptopolis
like
he
talked
about
everything's
ending,
but
he
gets
into
the
reason
why
they
do
that.
A
So
what
they're
doing
is
they're
trying
to
do
it
very
quietly
because
they
want
they
don't
want
to
make
it
look
like
they're
they're
collapsing,
but
at
the
same
time
he's
going
to
get
into
it
now.
I
think
where
they're
going
to
talk
about
the
reporting
of
the
numbers
and
how
the
numbers
look
after
a
lot
of
people
are,
let
go
let's
keep
watching,
but
he
just
gave
you
some
truth
here.
He
he
went
below
the
surface
of
the
260.
They
claimed
it's
actually
in
the
thousands.
B
How
many
people
they've
asked,
but
a
fair
estimate
is
that
across
the
industry
at
least
3
500
people
have
lost
their
jobs
from
Big
crypto
companies,
but
why
are
companies
doing
this
now?
Well,
actually,
there's
a
lot
of
reasons
that
companies
lay
off
employees,
but
in
cases
like
this,
it
usually
has
to
do
with
quarterly
reports.
B
A
B
A
B
B
A
Need
why
did
you
use
that
image
of
a
father
on
on
the
bathroom
floor
with
the
Sun
to
describe
the
bear
market
and
disturbing?
But
what
he's
talking
about
is
absolutely
true.
This
is
spot
on
good
stuff.
Max
he's
letting
you
know
what
goes
on
I
used
to
be
like
I
was
the
founder
of
a
publicly
traded
company.
I
understand
the
requirements
when
it
comes
to
the
reporting
or
the
financials
and
everything
else.
A
It
is
a
lot
of
there's
a
lot
of
pressure
from
shareholders
in
order
to
make
sure
that
every
single
quarter,
your
numbers
go
up.
Your
numbers
go
up
your
numbers
go
up
and
to
do
that
if
a
company
isn't
in
a
good
position
at
a
particular
time,
well,
they
gotta,
they
gotta,
make
a
presentation.
They
gotta
show
those
numbers,
so
they
could
do
things
like
letting
go
a
whole
bunch
of
employees
and
the
reason
they
would
do.
A
That
is
because
it's
the
easiest
and
the
quickest
thing
to
do
for
being
able
to
turn
around
the
numbers
really
really
quick-
and
this
happens
more
than
people
would
like
to
like,
like
to
acknowledge
it.
But
the
fact
is
is
that
this
is
all
about
driving
profits
for
shareholders
and
about
corporate
governance.
So
that's
what
this
really
comes
down
to.
Let's
look
a
little
more
into
this.
A
B
B
And
at
the
end
of
the
day,
like
literally
at
the
end
of
the
day,
it
only
takes
about
five
seconds
to
hand,
someone
a
cardboard
box
and
a
severance
check.
You're
all
fired.
All
four
are
fired.
What
about
the
severance
check
if
the
point
is
to
cut
costs
but
they're
still
paying
people?
How
does
that
add
up
when
it
comes
to
quarterly
reports?
Severance
pay
is
considered
a
non-operating
expense,
which
means
it
doesn't
have
any
impact
on
the
company's
quarterly
net
income.
B
A
This
so
what
he's
talking
about
right
now
is
basically
an
accounting
trick,
which
is
again
another
common
common
thing
that
happens
in
corporations.
I,
think
it's!
It's
interesting
that
the
severance
and
things
like
that
are
not
counted
into
the
quarter,
because,
yes,
he's
right.
That
would
be
a
huge
chunk
if
it
was
actually
included.
I'm
wondering
if
that's
going
to
change
as
we
start
to
adopt
blockchain
is.
A
Is
that
going
to
be
something
that
a
rule
that,
like
that's,
been
a
rule
of
accounting,
but
is
that
going
to
change
like
when
we
have
blockchain,
where
everything
is
like
everything
is
recorded
to
the
chain
and
it
doesn't
matter
what
it's
for
it's
transaction
is
a
transaction
I,
don't
know
if
that's
going
to
change
or
not
because
these
are
these
are
rules
that
have
been
written
for
a
long
time
for
various
reasons
why
this
one
I'm
not
sure,
maybe
because
of
new
technology.
This
is
going
to
change
now.
A
Maybe
Severance
gets
included
in
these
in
these
things,
and
the
corporations
can
no
longer
pull
this
little
trick
to
shore
up
their
their
balance
sheets
and
make
them
look
better
for
the
next
quarter.
Maybe
I
I
think
it
could
use
Improvement
like
I
I,
don't
see
why
we
would
continue
this
practice
because
it
seems
honestly
quite
inhumane.
A
Obviously,
the
people
who
are
getting
hurt
the
most
are
the
people
who
are
working,
and
it's
all
for
the
sake
of
satisfying
some
shareholders,
for
a
good
report
like
if
that's
the
value
of
the
people
that
they
just
have
this
good
report
I
just
don't
think
that
that's
a
good
company
in
general
I,
don't
think
we
should
be
endorsing
that
kind
of
a
culture.
That's
just
me
personally,
though,
I
but
I
believe
that
things
are
changing
in
a
sense
that
more
and
more
people
are
becoming
less
tolerant
of
this
type
of
practice.
A
This
kind
of
idea
that
hey
we
just
need
to
fire
a
bunch
of
people
to
be
able
to
make
ourselves
look
good,
is
what's
happening
here,
and
this
is
happening
across
crypto
is
happening
in
the
space
that
is
supposed
to
be
all
about
transparency
and
all
about
being
able
to
change
the
way
things
go
in
the
future.
So
clearly,
there
is
still
a
lot
more
things
than
you
changing,
given
you
know
what
we
see
happening
with
these
crypto
companies
yeah.
Those
are
my
thoughts
on
that.
A
Let
me
know
in
the
comments,
if
you
agree,
do
you
think
that
this
practice
of
firing
a
bunch
of
people
and
then
being
able
to
carry
over
the
severance?
So
you
could
trick
your
quarterly
reports
is
something
that
should
continue
as
we
adopt
as
we
as
we
drop
blockchain.
Or
do
you
think
that
this
is
something
that
should
go
away?
A
B
A
B
B
This
is
exactly
what
investors
want
so
a
short
term,
a
solution
as
layoffs
might
be
if
it
means
lasting
long
enough
to
become
kryptos
forward,
Chase
or
Amazon.
What's
the
loss
of
a
few
workers
compared
to
becoming
a
permanent
brand?
Remember:
well,
more
than
half
of
all.com
companies
didn't
survive
the
early
2,
thousands
Bubble
Burst,
even
the
ones
that
did
survive
struggled,
including
Amazon,
which
lost
more
than
90
percent
of
its
value,
but
by
keeping
it
together
and
doing
what's
necessary
to
still
be
around
when
times
are
good
again.
B
B
Company
is
asking
themselves
right
now:
how
do
we
make
it
to
the
part
when
things
are
good
again
and
the
answer
isn't
exactly
sexy,
because
now
is
the
time
for
companies
to
focus
on
tight
budgets
and
to
more
or
less
wait
out
the
storm
as
it
corrects
through
a
phase
called
consolidation.
This
means
that,
even
though
prices
can
be
erratic
over
time,
they
simmer
down
and
stabilize
to
a
somewhat
predictable
range,
see
after
periods
of
boom
and
bust.
It
usually
takes
some
time.
B
A
B
Your
rotisserie
chicken
off
the
countertop
so
over
the
roughly
six
months
of
the
2017
crypto
boom
and
the
18
bust
Bitcoin
prices
stormed
up
and
down
with
a
low
of
around
6K
and
high
around
19
000.
Then,
over
the
next
six
months,
though,
prices
continue
to
fluctuate,
they
did
so
in
a
much
more
tranquil
range
between
six
thousand
and
nine
and
a
half
thousand.
That's
consolidation.
After
that
prices
remain
relatively
stable
right
until
everything
blew
up
in
2020.,
we
were
cats
fearlessly,
stealing
rotisserie.
B
We
felt
like
Geniuses
until
the
stove
was
left
on
again
and
Bitcoin
dropped
in
value
by
45
000.
So,
while
it
feels
bad
the
price
it's
dropped
to
is
around
20k,
that's
higher
than
bitcoin's
value.
His
entire
history
before
2020.
in
the
last
two
months,
through
a
steady
onslaught
of
bad
news
about
layoffs,
Broad
and
bankruptcy,
as
well
as
some
periodic
good
news,
Bitcoin
actually
held
its
price,
the
most
part.
Now
here's
the
thing
we
unfortunately
need
more
time.
B
Our
paws
are
still
burned,
and
this
isn't
a
long
enough
time
period
to
say
for
sure
that
we've
entered
into
a
consolidation
phase,
but
whatever
the
future
holds.
There
are
signs
that
plenty
of
companies
are
going
to
weather
this
storm.
Crypto
isn't
going
anywhere.
Just
recently
coin
fund
announced
a
300
million
dollar
crypto.
A
Isn't
going
anywhere,
but
I
think
the
crypto
companies
might
be
going
somewhere
as
we're
getting
into
a
space
where
there
is
more
and
more
regulation
coming
down
on
in
the
pipeline?
I
think
that
these
crypto
companies
are
going
to
find
it
more
and
more
difficult
to
operate
the
same
way
as
the
traditional
Financial
system,
because
the
traditional
regulatory
system
is
trying
to
come
down
into
crypto
and
the
reason
why
these
companies
have
been
able
to
perform
the
way
they
have
is
only
because
of
the
lack
of
Regulation.
A
A
Yet
once
we
move
to
a
closed
loop
system
where
it's
just
crypto,
these
companies
he's
talking
about
now
the
ones
that
are
getting
the
hundreds
of
millions
of
dollars
now
are
going
bye-bye
like
they
there's
no
reason
for
them
to
exist
anymore
and
guess
what
there's
no
government,
or,
or
or
or
any
other
kind
of
agency.
That's
going
to
be
able
to
take
your
keys,
so
the
power,
the
centralized
power
to
be
able
to
affect
this
is
gone.
A
It's
now
with
the
people,
which
is
kind
of
what
the
whole
point
of
crypto
was
in
the
beginning.
The
bottom
line
is:
is
that
crypto
isn't
going
anywhere?
He
is
correct.
These
companies
he's
talking
about,
though,
that
he
thinks
is
evidence
that
oh
there's
more
money,
that's
going
into
investing
into
these
crypto
companies
and
therefore
crypto
is
going
to
continue.
That
is
kind
of
a
straw.
A
Man
argument,
because
the
power
of
crypto
is
the
people
and
the
people
behind
using
this
technology,
and
we
need
to
focus
more
on
each
one
of
us
having
opportunities
and
finding
ways
to
incorporate
it
into
our
lives.
Because,
just
like
you
talk
about
how
your
your
money,
your
money,
that
you
that
you
use
and
your
spending
power
is
your
vote
on
what
kind
of
value
on
what
kind
of
quality
products
you're
going
to
get.
Remember
that
time,
like
the
whole
organic
thing
came
out,
it's
like
you
choose
regular
products.
A
You
choose
organic,
you
should
be
buying
organic
because
that's
going
to
be
that's
you
voting
for
organic
and
so
that
then
they'll
be
more
organic.
The
same
holds
true
with
crypto
same
holds,
true
with
your
money
right,
the
more
that
you
vote
with
using
crypto
and
actually
moving
your
your
value
into
crypto,
the
more
that
that
is
your
vote
for
a
more
free
future,
not
just
for
you,
but
for
your
children
and
your
grandchildren
and
the
future
in
general
for
all
Humanity,
so
is
crypto
going
to
go
and
collapse
entirely.
Absolutely
not!