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Started By
Message
The people that come out the woodwork on the downside of the crypto cycle...
Posted on 2/9/26 at 12:33 pm
Posted on 2/9/26 at 12:33 pm
Everyone knows crypto has a 4 year cycle at this point... yet here you are with your arguments from 2016.
"magic internet money"
While BTC crashes to *checks notes*... $70,000 per coin.
Seriously though, I'm honestly impressed at how long yall can hold a grudge.
14
Posted on 2/9/26 at 1:04 pm to The Baker
It'll continue on. They beg for dips so they can talk trash.
Posted on 2/9/26 at 1:07 pm to The Baker
Hopefully it goes down further so I can accumulate more
Posted on 2/9/26 at 1:26 pm to The Baker
quote:
The people that come out the woodwork on the downside of the ANY cycle
Update that just a bit.
There are several here that get the jollies off negative news, especially if the person they did not vote for is in the Oval Office. That goes both ways as well.
Posted on 2/9/26 at 1:54 pm to The Baker
One day bitcoin will crash from $500k down to $350k and the same people will be saying I told you so
Posted on 2/9/26 at 2:24 pm to TigerTatorTots
quote:
One day bitcoin will crash from $500k down to $350k and the same people will be saying I told you so
I wouldn't, but I would be sitting there in utter disbelief that so many people apparently think a single BTC truly has a value of $350k. Then again, I feel the same way about it at $70k
Posted on 2/9/26 at 2:53 pm to Joshjrn
One man knew
Comments from thread
Just think, if you were brave to get 1000 BTC when it was $13.71, that $13,710 would be worth $70,800,000. It is nuts to think of the wealth BTC has probably created.
Comments from thread
quote:
you just drop that question here as if it were gold or some commodity...
quote:
I see it going to zero. What's the best way to short Bitcoins?
quote:
I tried to figure it out but it's beyond me. It defies logic because there's nothing insuring it and mining it kind of blows my mind. I can't even understand how to so it or what exactly it is.
quote:
After reading all of your links on bitcoin, my brain still doesn't understand any of it. So, yes, the feeling is mutual!
quote:
Just FYI though, Bitcoin is at $13.71 right now.
Just think, if you were brave to get 1000 BTC when it was $13.71, that $13,710 would be worth $70,800,000. It is nuts to think of the wealth BTC has probably created.
Posted on 2/9/26 at 3:05 pm to The Baker
Bitcoin fans are entertaining. The goal is to convince you that the coin is valuable and will be long term but there isn't really any tangible value behind it. It's purely speculation. They spend a lot of time trying to convince the masses it's going to be worth something. Almost as if they're sales reps for Bitcoin and that the more speculation they get involved the more valuable it will be.
It's still a relatively recent asset class. There's no way to determine if it's going to a million a coin or 0. And there are people on both sides of that equation claiming their side is right. Plenty of compelling arguments on both sides.
It's still a relatively recent asset class. There's no way to determine if it's going to a million a coin or 0. And there are people on both sides of that equation claiming their side is right. Plenty of compelling arguments on both sides.
Posted on 2/9/26 at 3:28 pm to WhiskeyThrottle
quote:
but there isn't really any tangible value behind it.
I bet you think gold is $5000 an ounce because its used in electronics...
Posted on 2/9/26 at 3:36 pm to The Baker
Gold has a track record spanning back thousands of years. It's engrained into the human psyche and culture.
That's why it's $5k.. because it's one of the few things that the broader world actually trusts.
It's eternal.
That's why it's $5k.. because it's one of the few things that the broader world actually trusts.
It's eternal.
Posted on 2/9/26 at 3:41 pm to The Baker
quote:
Everyone knows crypto has a 4 year cycle at this point.
quote:I say the same thing no matter what the price is.
The people that come out the woodwork on the downside of the crypto cycle...
And I certainly always say the same thing about how useless blockchain tech has proven to be vs all the promises made. To repeat: the 2010s vintage venture funds focused on blockchain represent possibly the single worst vintage of venture funds ever. Median fund probably going to lose 80%.
Posted on 2/9/26 at 3:43 pm to TigerTatorTots
quote:It's interesting that - with the wind entirely at its back:
One day bitcoin will crash from $500k down to $350k
--POTUS focused on it
--massive inflation
--multiple major sovereign conflicts
...bitcoin is only at $70K. If we had given the bros these facts as a given several years ago, $500K would have been the MINIMUM price they would have predicted we'd be at.
Instead, the bros now seem to actually argue that these factors are HEADWINDS. lol
This post was edited on 2/9/26 at 4:26 pm
Posted on 2/9/26 at 4:08 pm to Big Scrub TX
quote:
It's interesting that - with the wind entirely at its back:
--POTUS focused on it
--massive inflation
--multiple major sovereign conflicts
...bitcoin is only at $70K. If we had given the bros these facts as a given several years ago, $500K would have been the MINIMUM price they would have predicted we'd be at.
Instead, the bros now seem to actually argue that these factors are TAILWINDS. lol
The spike in inflation started with Covid. Right before Covid hit, BTC was selling at less than $10K and gold was at about $1500.
Today BTC is at 70K, so up about 7x.
Gold is up to about $5K, so up about 3.5x.
I don't see the embarrassment for Bitcoin.
Posted on 2/9/26 at 4:18 pm to David_DJS
After the initial CV19 crash you could get BTC in the 5ks, as I bought some to play online poker at that time.
Posted on 2/9/26 at 4:28 pm to David_DJS
quote:
The spike in inflation started with Covid. Right before Covid hit, BTC was selling at less than $10K and gold was at about $1500.
Today BTC is at 70K, so up about 7x.
Gold is up to about $5K, so up about 3.5x.
I don't see the embarrassment for Bitcoin.
Inflation started in mid-2021 when Bitcoin was already in the 50s and 60s. For a large part of the worst inflationary period, it traded lower than that - and is only modestly higher than that now.
Russia invaded Ukraine in Feb 2022 - and bitcoin proceeded to go straight down.
Posted on 2/9/26 at 4:33 pm to DarthRebel
quote:
Just think, if you were brave to get 1000 BTC when it was $13.71, that $13,710 would be worth $70,800,000. It is nuts to think of the wealth BTC has probably created.
Had I bought it at $13.71, I would have sold it for $50. Had I bought it at $25, I would have sold it at $100. I’m genuinely happy for the people who changed their lives by buying BTC. I was never, ever going to be one of them
Posted on 2/9/26 at 4:34 pm to Big Scrub TX
quote:
Inflation started in mid-2021 when Bitcoin was already in the 50s and 60s. For a large part of the worst inflationary period, it traded lower than that - and is only modestly higher than that now
Depends on what's considered mid, and in this way this point of contention gets silly. BTC hit $60K in April but in June it was back down to $35K.
It's fair to say that BTC is volatile AF. I don't agree that a large portion of those buying/holding BTC expected it to be trading at $500K right now.
Posted on 2/9/26 at 4:35 pm to FAT SEXY
quote:
Gold has a track record spanning back thousands of years. It's engrained into the human psyche and culture. That's why it's $5k.. because it's one of the few things that the broader world actually trusts. It's eternal.
So you’re saying we’re still early in BTC?
I like it
Posted on 2/9/26 at 4:46 pm to David_DJS
quote:Certainly they didn't expect it to be DOWN roughly a year on from Trump's inauguration.
It's fair to say that BTC is volatile AF. I don't agree that a large portion of those buying/holding BTC expected it to be trading at $500K right now.
Posted on 2/9/26 at 5:34 pm to The Baker
You lost me at crypto…
But, Bitcoin. Sure. Accumulate away. But pretty much every other crypto has continued to trend to zero bs bitcoin.
But, Bitcoin. Sure. Accumulate away. But pretty much every other crypto has continued to trend to zero bs bitcoin.
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