Posted on 11/19/2025 6:41:30 AM PST by delta7
Bitcoin falling below $93,000 could trigger an accelerated liquidation cascade
The total cryptocurrency market cap has erased $1.2 trillion (£913.8 billion) of investor wealth in just over five weeks. Bitcoin prices have plummeted over 25% to below $90,000 (£68,536) this week, down from record highs of $126,000 (£95,951) in early October.
The last time Bitcoin traded below the $90,000 mark was seven months ago, erasing much of this year's gains and sparking widespread concern across the crypto industry.
The sharp decline has prompted questions about whether this is merely a temporary market correction or the start of a longer-term bear cycle that could last several years......
It’s your standard tulip bulb market.
The housing market has a similar tulip bulb situation.
It’s just 1’s and 0’s in somebody’s computer...............
Bitcoin doing what Bitcoin does.
“liquidation cascade” = NewSpeak for “Run on the Bank”............
A lot of bitcoin was bought with borrowed money - no regulation, so you can put 10% down.
Where have we seen this before?
Bitcoin is a scam. Bitcoin is not backed by anything except greed and foolishness.
We are about 5 years away from the Federal Reserve rolling out digital currency. All of the money in bank accounts will be converted to government issued digital dollars. All transactions will be electronic. The government through the Federal Reserve will be able to freeze your accounts on a moment’s notice. Cash will become obsolete.
A future Democrat administration will be able to prevent citizens from giving money to unapproved charities or use money to buy firearms. Social credit scores will ultimately follow as well as wealth confiscation.
It is not a tangible asset. It has no intrinsic value.
AI and Bitcoin, both are not real.
Why do you think China needs all those coal fired power plants , they churn out Bitcoins and sell them to the fools ,LOL
No cash allowed?
If that’s the goal in five years, ending the minting of the penny will in retrospect look like a camel’s nose under the tent (Overton Window shifting).
I’m ruined!! At least I have my Cabbage Patch collection and Hot Wheels for my retirement.
Actually,more like BitCON!
Gone ? Where did it come from in the first place?
Yep, that’s why it bothers me that Trump is so very pro-crypto. He is accelerating the inevitable,,,,,a cashless society where the government has a trail of every single transaction you ever make!
I’ve never understood Bitcoin so will never invest in it. It’s been explained to me that it is based on an algorithm and is harvested? No thank you.
Well...from what I am told someone “mines” it...however the heck THAT creates coin I still have a hard time understanding...something about solving algorythyms???
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