[delta7]

The dreaded "liquidation cascade"? Economic cycles are the only certainty, and attempting to call the top ( or bottom) has always been a fool's game.

[ConservativeMind]

It’s your standard tulip bulb market.

The housing market has a similar tulip bulb situation.

[Red Badger]

It’s just 1’s and 0’s in somebody’s computer...............

[Sicon]

Bitcoin doing what Bitcoin does.

[Red Badger]

“liquidation cascade” = NewSpeak for “Run on the Bank”............

[proxy_user]

A lot of bitcoin was bought with borrowed money - no regulation, so you can put 10% down.

Where have we seen this before?

[equaviator]

Right now, Bitcoin looks like it would taste more like "Bitcorn".

[rod5591]

Bitcoin is a scam. Bitcoin is not backed by anything except greed and foolishness.

[Soul of the South]

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.

[P-Marlowe]

It is not a tangible asset. It has no intrinsic value.

[blackdog]

AI and Bitcoin, both are not real.

[butlerweave]

Why do you think China needs all those coal fired power plants , they churn out Bitcoins and sell them to the fools ,LOL

[BipolarBob]

I’m ruined!! At least I have my Cabbage Patch collection and Hot Wheels for my retirement.

[CandyFloss]

Self-fulfilling prophecy? Sounds familiar—Armstrong's been calling Bitcoin's "end" since 2019, forecasting total collapse... then it 10x'd anyway.

See his dud here (public service):

The End of Bitcoin Currency, Another Failed Forecast

[Texas Eagle]

Gone ? Where did it come from in the first place?

[bertmerc1]

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.

[KobraKai]

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.

[farmguy]

Ran out of “greater fools”?

Patience grasshopper, there will soon be more suckers “catching the knife”.

[JesusIsLord]

The dreaded "liquidation cascade"? Economic cycles are the only certainty...

Is gold the next bubble to burst?

[montag813]

How is something that has appreciated 31% in just one year - even AFTER the recent decline - in a "crash"?

The average annual return of the S&P 500 is 10%.

[LegendHasIt]

It's only Money Bits and Bytes.