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......
ping!
Buffett himself refuses to invest in bitcoin.
My bet is they know what is “ behind the curtain”. J Six pack and the herd is always the last ones to figure it out.
Made about 40% last year and sold. Bulls, Bears and Pigs, don’t be a pig. Pig’s get slaughtered.
It all gets back to trading corn for wheat in the long run. Trading speculation always gets speculation back unless there are laws to stop it. Years ago the state of Caiforgotwhotheyserve sent out IOU’s to people for tax returns. The next year some sent those IOU’s back for taxes and were denied to do it. Do what I say, not what I do.
wy69
I agree that is strange, too.
>>Bitcoin is a scam. Bitcoin is not backed by anything except greed and foolishness.
>>>>Same thing could be said of the USD or any other fiat currency.
Precisely.
The U.S. dollar is backed by... Oh, nevermind.
Bitcoin has done this many times before and then rallied back and pushed on to new highs.
Just like the stock market, sometimes it goes up and other times it goes down. The world is not falling down, and bitcoin is not a tulip
A lot of people on this site can join him, as they have been calling it a fad, a scam or worse, for a decade now and it have gone up every time it has fallen in the past.
Market corrections affect everything. Gold, silver, and real estate have highs and lows also.
I took my family on three different Orlando vacations on money made from bitcoin from 2010-2020.
I keep hearing fools broadcasting its demise, yet it is still here.
I have money in bitcoin, gold, and silver, plus the stock market, yet I am told that all of these are bad by someone. I am up 19% alone with the stock market. More with gold and silver.
Exactly.
I love coming onto Bitcoin threads.
It’s a bunch of old guys screaming at the moon.
The world is still going around. The seasons are progressing. Life is generally good.
The naysayers keep repeating false information and you can’t tell them otherwise.
You can literally track everywhere it has been.
All those assets are WAY up, so much so that even a further 25% drawdown would still leave them up for the year. When did people start believing that nothing ever pulls back? I think people just have no patience anymore. "Set it and forget it," and get on with your life, and diversify, as did you.
Nice work, I wish you prosperity and success with your investments, but more importantly I pray for your good health and long life to enjoy the fruits of your labors!
Life is generally good.
We have entered a clown world. “ Worry More About the Return OF My Money Than the Return ON My Money”.
I saw some advertisement that was offering to “lease” bitcoins. WTF? How is that legal? I am too dumb to understand how it has value.
Considering I sold at $500, perhaps a buying opportunity isn’t far away.
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