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re: Will the Bitcoin selling start accelerating?
Posted on 2/5/26 at 5:48 pm to Rankest
Posted on 2/5/26 at 5:48 pm to Rankest
Don't have any position in crypto at all, but was listening to Tom Lee the other day and he mentioned that bitcoin has a little bit of risk pertaining to quantum computing that eth doesn't have.
I personally think that when they introduced options, etfs, etc is what killed some of the momentum. You no longer have a market where to be invested you can only purchase the single standalone asset.
I personally think that when they introduced options, etfs, etc is what killed some of the momentum. You no longer have a market where to be invested you can only purchase the single standalone asset.
0
Posted on 2/5/26 at 5:56 pm to Rankest
quote:The bottom is in folks!
Will the Bitcoin selling start accelerating?
Posted on 2/5/26 at 6:13 pm to Big Scrub TX
quote:
True zero? Probably not since shite like this always hangs out with SOME value. Penny stocks and all.
How many penny stocks have over a trillion dollar market cap and over a hundred million owners (worldwide)?
quote:
But 90-99% lower than here? I think it's probably 75% chance that happens in the next 10 years.
I try not to never say never but I will say this - if that happens, we're going to see economic circumstances nobody wants.
Posted on 2/5/26 at 6:21 pm to David_DJS
$60,325.30 just now. Holy fricking frick. This is going to hurt.
Posted on 2/5/26 at 6:21 pm to David_DJS
quote:My point is simply that if you are saying LITERALLY ZERO, I'm not committing to that. But it could effectively do that by going down to a billion market cap or whatever.
How many penny stocks have over a trillion dollar market cap and over a hundred million owners (worldwide)?
Neither of the factors you list there are relevant whatsoever to it not having any intrinsic value.
quote:Nah. It's not the stock market. It's fake money.
I try not to never say never but I will say this - if that happens, we're going to see economic circumstances nobody wants.
Posted on 2/5/26 at 6:24 pm to Big Scrub TX
Big Daddy Tate says 26k
Then the rebuild
Then the rebuild
Posted on 2/5/26 at 6:30 pm to David_DJS
There’s an open mkt order for 21m coins at 0.01 so it technically could not hit $0
Posted on 2/5/26 at 6:33 pm to Big Scrub TX
Speaking of all this nonsense. what is the current estimated breakeven mining cost? $70K? $80K?
Serious question: what happens if miners just stop mining?
Serious question: what happens if miners just stop mining?
Posted on 2/5/26 at 6:39 pm to Big Scrub TX
quote:
Neither of the factors you list there are relevant whatsoever to it not having any intrinsic value
What's the intrinsic value of gold bullion? Fine art? Hell, what's the intrinsic value of the USD?
Posted on 2/5/26 at 6:50 pm to Rankest
Number go down?
Posted on 2/5/26 at 6:53 pm to David_DJS
You can practically hear the btc chart rattling right now. This thing is riled up.
Posted on 2/5/26 at 6:54 pm to Big Scrub TX
quote:
Speaking of all this nonsense. what is the current estimated breakeven mining cost? $70K? $80K?
It was closer to $100k a few months ago, and electricity isn’t getting cheaper.
Posted on 2/5/26 at 6:56 pm to lsuconnman
Bitcoin can help make electricity cheaper.
Posted on 2/5/26 at 7:03 pm to beaverfever
quote:
Bitcoin is such a wild animal of an asset. Im invested in it so this sucks but I’m also interested in how this unfolds
It’s going to zero. Whether it happens in two years or twenty, it will eventually end there. It’s the most speculative asset investors have ever seen, and despite the white papers and the morons that continually pump its intrinsic value, it’s a tulip. Cut your losses.
Posted on 2/5/26 at 7:04 pm to 22jctiger22
It will replace treasuries and gold as the foundational monetary layer on earth.
Posted on 2/5/26 at 7:06 pm to David_DJS
quote:
quote:But 90-99% lower than here? I think it's probably 75% chance that happens in the next 10 years. I try not to never say never but I will say this - if that happens, we're going to see economic circumstances nobody wants.
I welcome these circumstances.
Posted on 2/5/26 at 7:09 pm to beaverfever
quote:
It will replace treasuries and gold as the foundational monetary layer on earth.
No chance. Aside from it being an absurd concept, there are too many powers/forces that will never let it happen.
This post was edited on 2/5/26 at 7:11 pm
Posted on 2/5/26 at 7:31 pm to beaverfever
Bitcoin can turn water into wine, what can’t it do!
Posted on 2/5/26 at 7:41 pm to Tiger4life306
This drop is making me lose confidence not just in crypto but in stocks or any other asset period. Basically all markets in general.
I understand the lack of intrinsic value argument. But did we just decide that in the last week as a society? This is Black Swan territory. There’s not even a hint of support. We all just collectively decided that we’re done with it.
At this point I’m riding to zero.
I understand the lack of intrinsic value argument. But did we just decide that in the last week as a society? This is Black Swan territory. There’s not even a hint of support. We all just collectively decided that we’re done with it.
At this point I’m riding to zero.
Posted on 2/5/26 at 7:49 pm to David_DJS
quote:Probably in the mid-to high hundreds of dollars as an industrial metal.
What's the intrinsic value of gold bullion?
quote:Actual scarcity of something that cannot be reproduced. Having said that, I wouldn't invest in it at these prices.
Fine art?
quote:A printing press and the most powerful military in the history of civilization.
Hell, what's the intrinsic value of the USD?
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