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Message
re: Bitcoin is dropping like a rock. Down to 99,200
Posted on 11/5/25 at 2:09 pm to LSURussian
Posted on 11/5/25 at 2:09 pm to LSURussian
The point went over your head too, but I won’t engage with you.
Have a great day
Have a great day
0
Posted on 11/5/25 at 2:30 pm to JayDeerTay84
quote:
Well let us know when its all zero
I never said it will go to zero. It will die a slow death and go into obscurity like all of these things. People will still trade it and hope it relives its glory years.
But it will never be zero
Posted on 11/5/25 at 2:51 pm to The Fed
here come the conspiracy theorists that say buy buy buy 
Posted on 11/5/25 at 4:28 pm to CastleBravo
I’ve studied crypto for years and came to the same conclusion.
BTC is essentially just a perfected Ponzi scheme. No human or company backing it though so there will never be a true crash. Whether it was designed this way on purpose or not, who knows. I’m assuming whoever “satoshi nakamoto” was is dead. No one can stay silent that long…
But BTC preys on human greed and/or the desire for individuals to increase the value of their money. It has absolutely no other value. They can all GTFO with this “muh but blockchain” “third world country currency” “faster money” “cut out the bank fees” blah blah blah blah blah. It’s all a load of bull shite.
If it ever starts to “crash” there will be enough individuals that will buy back into it thinking it will go back up. Since there is a finite number of BTC and this is a “currency” not a company, the potential for it to go up will always be there. So while I may not like BTC because I think it is a crock of shite I also think it is always going to be around and will always have potential to increase in value.
I’d be more surprised to see BTC go to $10k than I would see it go to $250k
BTC is essentially just a perfected Ponzi scheme. No human or company backing it though so there will never be a true crash. Whether it was designed this way on purpose or not, who knows. I’m assuming whoever “satoshi nakamoto” was is dead. No one can stay silent that long…
But BTC preys on human greed and/or the desire for individuals to increase the value of their money. It has absolutely no other value. They can all GTFO with this “muh but blockchain” “third world country currency” “faster money” “cut out the bank fees” blah blah blah blah blah. It’s all a load of bull shite.
If it ever starts to “crash” there will be enough individuals that will buy back into it thinking it will go back up. Since there is a finite number of BTC and this is a “currency” not a company, the potential for it to go up will always be there. So while I may not like BTC because I think it is a crock of shite I also think it is always going to be around and will always have potential to increase in value.
I’d be more surprised to see BTC go to $10k than I would see it go to $250k
Posted on 11/5/25 at 4:57 pm to FnTigers
quote:
You can hate it, get mad, or get with the times. Exposure to digital currencies will only continue to grow.
I own some as a trade. I also own Coinbase also as a trade
Just trying to understand why it’s going down and what’s changed since it reached its high..
Can you articulate that ?
Posted on 11/5/25 at 5:35 pm to UltimaParadox
quote:
I never said it will go to zero. It will die a slow death and go into obscurity like all of these things. People will still trade it and hope it relives its glory years.
But it will never be zero
Glory years? What was the price 1 year ago again? $69K. Let me know when the glory years are over 1st...
Posted on 11/5/25 at 5:37 pm to SlidellCajun
quote:
I own some as a trade. I also own Coinbase also as a trade
Just trying to understand why it’s going down and what’s changed since it reached its high..
Can you articulate that ?
You own some but can't articulate the price movement?
Bold strategy [ON] OFF
This post was edited on 11/5/25 at 5:38 pm
Posted on 11/5/25 at 5:58 pm to JayDeerTay84
What’s ironic is that bitcoin was intended to address that type of financial nihilism.
Posted on 11/5/25 at 6:26 pm to SlidellCajun
Because volatility is normal. Price is still above the 50 ma. Which, for a trader you should know.
Posted on 11/5/25 at 7:40 pm to FnTigers
quote:
Ok boomer
I am Gen X, thanks.
Perhaps you can give me some fiscally sound reasons?
I am open to being convinced.
Playing the ponzi would be a (non-fiscally sound) reason, and people can an have made a lot of money doing this. And as long as you realize that and accept the risk - go for it.
Posted on 11/5/25 at 8:15 pm to weagle1999
quote:
Can you tell the difference between a $20 bill and a $5 bill in the dark?
This has nothing to do with that. You probably should leave this board and never come back.
Posted on 11/5/25 at 8:27 pm to UltimaParadox
quote:
But it will never be zero
It’s either going to a million or going to zero.
I agree with you it will never be zero…
Posted on 11/5/25 at 8:33 pm to CastleBravo
Less of a ponzi than the US Dollar. I have no desire to lecture you. Plenty of resources available if you really want to learn. Good luck.
Posted on 11/5/25 at 8:40 pm to FnTigers
Which TikTokers do you recommend?
Posted on 11/5/25 at 8:43 pm to DarthRebel
quote:
Well WikiTiger is snorting coke off the breasts of European goddesses.
Does he need a wingman?
Posted on 11/5/25 at 9:06 pm to lsuconnman
quote:
Which TikTokers do you recommend?
Posted on 11/5/25 at 9:07 pm to FnTigers
quote:
Which TikTokers do you recommend?
The USD is being devalued by money printing, but that is something different than a ponzi scheme.
Posted on 11/6/25 at 6:59 am to beaverfever
quote:
What’s ironic is that bitcoin was intended to address that type of financial nihilism.
You, like many others, mislabel the problem. Bitcoins financial policy remains unchanged; we have universal consensus here.
Bitcoin has been around long enough for people to, at the very least, know the basics...
Meanwhile, fiat has 8 fed meetings, interest rates, money supply, is the president a Nazi, socialist, crapping in their pants? Who knows.
While it IS TRUE outside factors like the global economy, disasters, etc can affect the BTC price, as mentioned above, the policy remains unchanged. We can always count on that.
So in short, NO, BTC was not intended to address financial nihilism. It was intended to replace the broken trust. Its rule based money.
Posted on 11/6/25 at 7:22 am to JayDeerTay84
You missed my point. I’m the board’s obnoxious maxi fwiw.
Btc was the answer to financial repression. Nihilism is downstream of financial repression. The irony is that the poster said he doesn’t understand bitcoin and simultaneously trades it to fight financial repression.
Btc was the answer to financial repression. Nihilism is downstream of financial repression. The irony is that the poster said he doesn’t understand bitcoin and simultaneously trades it to fight financial repression.
Posted on 11/6/25 at 7:29 am to beaverfever
And also, that’s the beautiful irony of btc in general. Almost everyone originally approaches it as a fiat gambling vehicle but they stay when they realize that’s exactly what it’s not.
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