Is gold the next bubble to burst?
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......
No one can even identify who developed it! There is a name, but no one knows who the person really is.
Keep your hands off my beanie babies.
Same with Lladros and Hummels.
Cabbage Patch dolls would be a safer investment...
That scenario is almost as scary as a mass murder, but right you are. The Euroweenies have already put in a few metrics for testing, the Chicoms have been testing for years.
I heard something on a podcast a number of days ago that mirrors this, the feds already print digital money anyway and inflation will continue to rise as long as we are alive or our country collapses first. Our congress is largely to blame because they only do two things, spend and spend.
Crypto was developed primarily as a delivery vehicle to transfer monies for illicit products like drugs and child sex services. An untraceable money exchange for these purposes.
Change my mind.
Ran out of “greater fools”?
Patience grasshopper, there will soon be more suckers “catching the knife”.
I have friends who have made money in Bitcoin, but I won't invest in it simply because I don't understand what, if any, intrinsic value is behind it.
If my bank account shows zero, I’m immediately going to see the bank manager..
Is gold the next bubble to burst?
Exactly - who in their right minds invests in digital nothing?
I’ve never even liked paper assets- the dollar, bonds etc. - and only do hard, tangible assets like real estate, oil, metals and the like. No matter how the markets go, you still have the asset.
At least with stocks and bonds you have the paper or IOU. With crypto, you have nothing but digitized vapor and a passkey.
The average annual return of the S&P 500 is 10%.
I have friends who have made money in Bitcoin, but I won’t invest in it simply
Correct. And we will be in some intersection of the hellscapes of Brave New World, Fahrenheit 451, THX1138 and Red Barchetta.
“It’s just 1’s and 0’s in somebody’s computer...”
The same as almost all the money you use right now.
“Bitcoin is a scam. Bitcoin is not backed by anything except greed and foolishness.”
What is our dollar backed by?
Even Jack had a Bag of Beans...............
Bitcoin is not backed by anything except greed and foolishness.
~~~~~
Wait until Trump finishes off what remains of the cartels.
Like most things digital.
It has no intrinsic value.
Nothing has intrinsic value.
Liars and crooks.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.