Posted on 06/02/2026 8:24:17 AM PDT by delta7
Bitcoin’s (BTC) price fell below $70,000 on Tuesday morning, wiping out nearly $800 million in leveraged crypto traders in the last 24 hours amid escalating outflows from spot BTC exchange-traded funds. Bitcoin’s price was trading at around $69,400 at the time of writing, down 4.4% in the last 24 hours – the steepest decline among the top 10 cryptocurrencies by market capitalization – and was among the top trending tickers on Stocktwits.....
(Excerpt) Read more at finance.yahoo.com ...
-35.04% (1Y)
Meanwhile, the ECB announced Gold buying has overtaken the largest market in the world, US Treasuries ( US Debt instruments). The world's Central Banks dumping Treasuries and buying Gold, let's hope Trump's plan for Gold backed Bonds ( fully redeemable) can stop the bleeding.
...and yes, a Gold revaluation and US Gold Audit must be done to prove we have the goods....when that happens, RIP Bitcoin and much of the other thin air instruments.
“let’s hope Trump’s plan for Gold backed Bonds “
No such plan.
“-35.04% (1Y)”
Silver -38%
How is that buy at $121 working out for you?
To: delta7
“You can ride that antiquated tulip bulb “ financial” instrument all the way down. Best you do what the smart money is doing, sell and buy PM’s….its all about economic cycles. Be sure to get back with us.”
So, you were buying at 120.
Today - $85. A 30% haircut.
Bitcoin down 0.3%
112 posted on 1/30/2026, 3:02:51 PM by TexasGator
Bitcoin is certainly worth everything of value backing it up!
Hmmm, it’s getting closer to its intrinsic value.
From you tulips to God’s ears.
Fun fact: Isaac Newton made money during the tulip bulb craze. He got out before the peak.
But then Newton got greedy. He bought back in, then rode the craze all the way down.
What do you consider to be the 'intrinsic value' of a unit of account that cannot be counterfeit or debased by governments?
What do you consider to be the 'intrinsic value' of a unit of account that governments cannot prevent you from accessing or transferring across jurisdictions, because it does not exist solely in their jurisdictions?
Investing in Bitcoin is risky. I was going to say its like investing in commodities but there is more of a chance of market manipulation with Bitcoin than commodities. You can make a lot of money in Bitcoin but you have to be prepared to lose your entire investment too. Its not for the average investor.
It is all realtive. If you bought Bitcoin at $2,500 in June of 2017, the stock is now worth 2700% more than when you bought it.
You clearly have made money if you sell it, just not as much as you would have made yesterday.
Two years ago I was thinking of buying one bitcoin, bought NVDA instead.
Bitcoin was at a all time high of about $123,000 in November of 2025, and had a huge crash it never recovered from.
The other day I read where Blackrock had a huge Short Position in Bitcoin, so there were a small group on winners on the crash today.
Wonder where Eric, Don, Jr. and Barron were on this?
True story there were people who bought bitcoin back when one coin was worth a fraction of a scent. In fact for a long period of time, several months, a bitcoin is worth $.08-$.09 each.
Probably a billion Stanley nickels.
People who invested pocket change into Bitcoin a decade or so ago are multi-millionaires now.
The inability of detractors to genuinely and honestly answer the question exposes a lack of understanding.
I know right? No one, except Martin Armstrong, is talking like that.
I see what you did, there.
Nice!
Zero. Nada. Nothing.
Dead on
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