Bitcoin is a Ponzi
- Thread starter lib123
- Start date
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we need more people .. or another planet to join in.
Breh once again the number of holders and wallets has increased ten fold. The retail money doesn't really make bitcoin move like it has the last two years. Its the institutional money. These governments, big money and corporations.
Its like the stock market. Most folks don't have money in the stock market. But big money, governments (such as pensions), corporations, wall street and funds (such as folks 401K) have money in it.
Bitcoin will be no different. I tell you what up this thread in 2025 and lets see what the price is.
Wrong. It’s not like the stock market at all. The total combined market cap of the biggest publicly traded companies is $85 trillion. Total crypto is only $1.2 trillion. Crypto could collapse 90% and have negligible impact on the financial system. And individual crypto investors can definitely be the catalyst behind major moves. According to Bank of America, it only takes $93M to move Bitcoin by 1%. Once Tether collapses (which is a very real possibility since they most likely don’t have the underlying dollars to compensate holders in the event of mass redemption), crypto will collapse like a MF and it will be over. Tether was very close to collapsing two weeks ago. And unlike the stock market, central banks and governments aren’t going to save crypto. In fact, some believe they want it to collapse to help ease the labor shortage.
Thread is embarrassing. Dusty ass contrarian talking points from 2014.
The bitcoin crash of 2013: Don't you feel silly now?
People who thought that bitcoins could serve as either an investment vehicle or an alternative world currency got their heads handed to them on Thursday and Friday.
www.latimes.com
FINANCE PROFESSOR: Bitcoin Will Crash To $10 By Mid-2014
Single digit pricing reflecting its option value as a pure commodity play.
www.businessinsider.com
Bitcoin falls 30 percent, posts worst week since 2013
Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble.
www.reuters.com
Bitcoin is terrible for the environment
One transaction can use as much energy as an entire household does in a week.
www.motherjones.com
Bitcoin bubble may have burst
A sell-off in value of Bitcoin virtual currency causes a halt in trading and further decline that could signal end of bubble valuations.
money.cnn.com
The Bitcoin Crash
Bitcoin, the world's first peer-to-peer digital currency, has lost almost half of its value against the dollar since the start of August, falling from $13.50 to around $7: It's now looking increasingly likely that the record-high price of $32 on June 8 represented the peak of a speculative...
www.forbes.com
Forgive yourself. Buy some Bitcoin.
Naah its right to be bushed. But Bitcoin has moved in boom and bust cycles for 12 years or so. At the tops this stuff looks silly. When a bear market is going, they look prophetic in ways.
Thread is embarrassing. Dusty ass contrarian talking points from 2014.
The bitcoin crash of 2013: Don't you feel silly now?
People who thought that bitcoins could serve as either an investment vehicle or an alternative world currency got their heads handed to them on Thursday and Friday.
FINANCE PROFESSOR: Bitcoin Will Crash To $10 By Mid-2014
Single digit pricing reflecting its option value as a pure commodity play.Bitcoin falls 30 percent, posts worst week since 2013
Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to a peak close to $20,000 prompted warnings by experts of a bubble.Bitcoin is terrible for the environment
One transaction can use as much energy as an entire household does in a week.Bitcoin bubble may have burst
A sell-off in value of Bitcoin virtual currency causes a halt in trading and further decline that could signal end of bubble valuations.money.cnn.comThe Bitcoin Crash
Bitcoin, the world's first peer-to-peer digital currency, has lost almost half of its value against the dollar since the start of August, falling from $13.50 to around $7: It's now looking increasingly likely that the record-high price of $32 on June 8 represented the peak of a speculative...
Forgive yourself. Buy some Bitcoin.
Pretty much. Its been the same narrative. Just add this thread and these posters to the list. It will continue on the same way as always.
I am curious though on how many more cycles there will be before folks finally 'get it' and realize that they have watched this thing make them look silly for so damn long. I think the fact that the bear markets make these dudes feel vindicated enough that it just extends to the whole thing repeating itself. Its wild reading some of those articles crowing about Bitcoin really being 'dead this time' from 2013-2018.
Same people that were laughing when it crashed to $3,000 in Dec 2018 are laughing today because it has crashed 'down' to $30,000.
shyt is wild.
That’s actually a great point.Naah its right to be bushed. But Bitcoin has moved in boom and bust cycles for 12 years or so. At the tops this stuff looks silly. When a bear market is going, they look prophetic in ways.
Pretty much. Its been the same narrative. Just add this thread and these posters to the list. It will continue on the same way as always.
I am curious though on how many more cycles there will be before folks finally 'get it' and realize that they have watched this thing make them look silly for so damn long. I think the fact that the bear markets make these dudes feel vindicated enough that it just extends to the whole thing repeating itself. Its wild reading some of those articles crowing about Bitcoin really being 'dead this time' from 2013-2018.
Same people that were laughing when it crashed to $3,000 in Dec 2018 are laughing today because it has crashed 'down' to $30,000.
shyt is wild.
Naah its right to be bushed. But Bitcoin has moved in boom and bust cycles for 12 years or so. At the tops this stuff looks silly. When a bear market is going, they look prophetic in ways.
Pretty much. Its been the same narrative. Just add this thread and these posters to the list. It will continue on the same way as always.
I am curious though on how many more cycles there will be before folks finally 'get it' and realize that they have watched this thing make them look silly for so damn long. I think the fact that the bear markets make these dudes feel vindicated enough that it just extends to the whole thing repeating itself. Its wild reading some of those articles crowing about Bitcoin really being 'dead this time' from 2013-2018.
Same people that were laughing when it crashed to $3,000 in Dec 2018 are laughing today because it has crashed 'down' to $30,000.
shyt is wild.
The next economic crash will most likely be a depression so this is when I see bitcoin dying. It will go up at first because everyone will take their money out of stuff to put it in bitcoin. But as the days and weeks go they’ll realize how bad the crash is and that they don’t have money either and they can’t do anything with bitcoin. The dominos will start falling after.
010101
C L O N E*0690//////
ha*
still hasn't dipped below a previous halving's ATH 
