Posted on 11/21/2025 7:13:58 AM PST by Red Badger
As we joked earlier this week about the overnight Bitcoin dump – the “Korean Krypto Kamikazes“ – the selling has continued with no clear catalyst. The largest crypto asset briefly plunged to $81,569 and is now on track for its worst month since 2022.
BTC dropped as much as 6% early Friday to $81,569, while Ether and smaller tokens plunged into the abyss as risk-off sentiment hit both crypto and equity futures (market wrap). Bitcoin is now down roughly 25% for the month.
Nearly $1 billion in positions were liquidated during the overnight flush, stoking fears that the bear market could deepen. This forced selling comes despite a pro-crypto White House and rising institutional adoption.
Testing weekly 100sma
IG Australia analyst Tony Sycamore wrote in a note that the market “may also be seeking to test Strategy’s pain threshold,” referring to Michael Saylor’s Bitcoin hoarding firm.
A JPMorgan analyst pointed out to clients the potential exclusion of MSTR from upcoming MSCI and Nasdaq reviews.
Overall, the crypto market is certaintly gripped by forced selling, thin liquidity, and extreme fear – a market environment very similar to the last crypto meltdown in June 2022.
(Excerpt) Read more at americafirstreport.com ...
How much does your account weigh? Do you carry it around with you?
The more you describe your assets, the more they seem to be just 1’s and 0’s in a computer somewhere.
Where does the title fot your house and car reside.
According to you, that would make the intangible assets.
Dumb.
Well, I can spend dollars anywhere.
“Is it equally worthless?”
Not at all.
Those stocks are ownership stakes in functioning enterprises, with regular sales and profits. Additionally, those stakes have intrinsic value represented by the capital stock of the company.
For instance Weyerhaeuser (WY) owns nearly 11 million acres of timberlands in the US, and 99 years leases on another nearly 20 million acres in Canada.
So, there’s no similarity with crypto whatsoever.
I know how bitcoin works, but for the life of me I will never understand why it ever had any value at all.
The title for my car is in my safe. My car is a tangible asset that I own. I also own several guns that I don’t have titles for. The lack of a title doesn’t mean that I don’t own them.
The title for my house is at my bank. I don’t own my house yet but I hope to soon. Until then, I will pay my loan and bide my time.
The title of my car is not what makes me own it. The possession of my car is what makes me own it. The title is a tool I can use to leverage the government to protect it for me and prevent others from taking it.
Untraceability..............
How many places can you spend gold? I'll bet it's fewer places than you can spend bitcoin.
Does the inability to spend gold make it worthless like a pet rock or Beanie Baby? I don't think so.
I only mentioned dollars. geez
After a $2 trillion loss, buy all you want. It’s worthless.
I completely agree that stocks and crypto are different things. I compare crypto more with gold than with stocks.
If the gold market crashed and lost $2T of value I wouldn't say it was worthless either.
What was your point in mentioning dollars?
Maybe I misunderstood it.
No.
It’s two separate, standalone statements.
“After a $2 trillion loss, buy all you want.”
“It’s worthless.”
And I said nothing about volatility.
I listed a number of qualities a thing can have and determined that Bitcoin is better than Federal Reserve Notes.
You replied that you can spend "dollars" anywhere. So your point was that makes them better than bitcoin.
I get it now.
My reply to that would be...
What could you purchase with one Federal Reserve Note 5 years ago?
What can you purchase with one Federal Reserve Note today?
What could you purchase with one bitcoin 5 years ago?
What can you purchase with one bitcoin today?
If I offered to give you one bowling ball's worth in Federal Reserve Notes today, how much would those Federal Reserve Notes be worth in 5 years?
If I offered to give you one bowling ball's worth in bitcoin today, how much would those bitcoins be worth in 5 years?
You are correct that the ease of spending advantage goes to Federal Reserve Notes. But everything else goes to bitcoin. And swapping bitcoin for Federal Reserve Notes at any time is really not that tough.
If the $2T loss wasn’t referring to it’s volatility, what was it referring to?
I guess I don't get the question. I understand that there are bullion dealers in every city. At these dealers, a guy can take a gold coin, which he's held onto while it appreciated. He can then get $4000 cash for his coin. He, of course, can then spend that cash. That's my understanding of how you spend gold.
A movement toward its real value.
The point I was trying to make is that if the only qualification of a good asset is it’s ability to be easily spent...then you would have to say gold is bad asset. I don’t think this is true. I was using it as a counter argument to the other person’s post.
Gold has positives and negatives
Federal Reserve Notes have positives and negatives
Bitcoin has positives and negatives
Stocks and Bonds have positives and negatives
They are all different and fill different niches.
I see too many times on FR....”Because bitcoin doesn’t do this particular thing that this other asset does, it is worthless.”
I think that is stupid thinking.
Me neither.
So, if it goes back up...will you admit that it was volatility and not a decent back to $0?
Here’s the deal...Bitcoin is an actual thing. It is an immutable monetary device who’s proof of ownership can be proven and guaranteed. It can be secured, traded, exchanged, etc...
You may not see any value in a digital asset like that but many people do. Maybe it’s ultimate value won’t soon be $100k but it will definitely not be $0. I can guarantee the value of Federal Reserve Notes will reach zero before Bitcoin does.
At that point when our current fiat currency is destroyed and replaced, the value of bitcoin won’t be zero Federal Reserve Notes. It will be infinity Federal Reserve Notes.
So, can we go forward on the premise that you like bitcoin?
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