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Posted on 2/5/26 at 8:08 pm to Big Scrub TX
Eventually we will get back to a world where valuations matter, and where investors concern themselves with investing in companies that generate cash over long periods of time.
Speculative assets like BTC are only good for buying illicit goods on the interweb, or for those looking to make a quick buck on the ignorance of the herd. Both are more risk than I’m willing to take.
Speculative assets like BTC are only good for buying illicit goods on the interweb, or for those looking to make a quick buck on the ignorance of the herd. Both are more risk than I’m willing to take.
This post was edited on 2/5/26 at 8:10 pm
Posted on 2/5/26 at 8:17 pm to Big Scrub TX
quote:
What? Fake money going down makes you stop believing in the earnings power of companies? da frick
Maybe not the earnings power of companies, but in what their stock price represents, sure. There is manipulation.
Fake money doesn’t reach 3.5 trillion in value and gain institutional adoption. It’s worth considering what has happened since October and especially the last 48 hours. Of course its flaws are weighed heavily right now.
Posted on 2/5/26 at 8:17 pm to 22jctiger22
quote:The monopoly money has to go first.
Eventually we will get back to a world where valuations matter
Posted on 2/5/26 at 8:19 pm to Rankest
Tether has switched from BTC to gold pumping. Cartel money shifting out.
Maybe Paolo will throw you guys a bone and pump BTC again soon with another few billion of "backed" tether bucks.
He turned the printer off and BTC has dropped fast
Maybe Paolo will throw you guys a bone and pump BTC again soon with another few billion of "backed" tether bucks.
He turned the printer off and BTC has dropped fast
Posted on 2/5/26 at 8:27 pm to Mohican
quote:
It’s worth considering what has happened since October and especially the last 48 hours
Doesn’t BTC usually have a 5 year cycle? What makes this downswing different than the normal downswing?
There is much that I don’t understand about cryprto.
Posted on 2/5/26 at 8:31 pm to Mohican
(no message)
This post was edited on 2/5/26 at 8:40 pm
Posted on 2/5/26 at 8:32 pm to Mohican
quote:
Fake money doesn’t reach 3.5 trillion in value and gain institutional adoption
It’s not fake money. It’s greedy and ignorant money that has driven the inflows. The “institutional” money appears to be either manipulating the market or cutting their losses right now.
This post was edited on 2/5/26 at 8:34 pm
Posted on 2/5/26 at 8:59 pm to Mohican
quote:All you have to do is look at the price and assess it, manipulation or no. With bitcoin - there's nothing to assess.
Maybe not the earnings power of companies, but in what their stock price represents, sure. There is manipulation.
quote:Sure it does. The entire point of "institutions" is to find a way for retail to do stupid shite they show an interest in.
Fake money doesn’t reach 3.5 trillion in value and gain institutional adoption.
quote:What's happened? Anything you are going to list would have been used beforehand as predictive of crypto going UP.
It’s worth considering what has happened since October and especially the last 48 hours.
If you had told crypto bros a year ago that gold got over 5K and silver over $125 they would have assumed bitcoin 500k minimum. Instead, we now blame these things for bitcoin going down 50%.
Posted on 2/5/26 at 10:37 pm to Big Scrub TX
There is no schadenfreude at all today because of this. This is a very serious matter. The underlying assets will have BTC back up before you can say money. Hang in there, vapor bros.
Posted on 2/5/26 at 10:49 pm to SoCal Cal
quote:
pretend magic computer money
As opposed to what?
You think the number on your bank account screen is a real pile of cash sitting in a box with your name on it?
Posted on 2/5/26 at 10:55 pm to SoCal Cal
quote:
pretend magic computer money
If only there were two very real elements that had monetary track records that span back thousands of years.
Posted on 2/6/26 at 5:37 am to Rankest
As with many things, when the masses start thinking it is time to buy, it’s usually a top. When the masses start thinking selling will accelerate, the bottom is probably in. I have no way to value BTC because there is no business model and the thesis seems to change. It is certainly not a hedge on inflation, not a storer of value and even after mainstream acceptance, it is subject to 50% declines over six months periods. All that to say, I decided to gamble and buy at $63k. If it falls to $50k I’ll buy more. If it goes below $35k, I’ll be like emu farmers of the 1980s and MMM investors is 1990. I’ve spent money on worse things.
Posted on 2/6/26 at 6:09 am to go ta hell ole miss
quote:All fair. It’s not a hedge the way gold or silver is. It’s an emergent monetary system. It’s not trying to be a portfolio buffer. It’s trying to be the portfolio denominator.
It is certainly not a hedge on inflation, not a storer of value and even after mainstream acceptance, it is subject to 50% declines over six months periods
The hedge is having some skin in the game in the event that it wins while it’s still selling for pennies on the dollar relative to theoretical future value. And every year it doesn’t die and becomes more engrained in the zeitgeist is a year that it wins. It is invasive because it does not bleed capital the way that normal assets do.
Last thing, try to avoid ETFs and exchanges once you get a hang of things. Learn self custody.
This post was edited on 2/6/26 at 6:19 am
Posted on 2/6/26 at 6:56 am to beaverfever
Did Bitcoin find a bottom or fake out?
Posted on 2/6/26 at 7:31 am to Craft
Idk about a definite bottom but I think the knife falling stage is over.
58k is a meme in BTC because so much time was spent there in 2024 with HODLer’s stacking and btc hit 60k almost exactly last night before bouncing hard. That’s a massive stacking/cost basis area. People are going to naturally defend that area aggressively.
58k is a meme in BTC because so much time was spent there in 2024 with HODLer’s stacking and btc hit 60k almost exactly last night before bouncing hard. That’s a massive stacking/cost basis area. People are going to naturally defend that area aggressively.
Posted on 2/6/26 at 8:00 am to beaverfever
I was reading this thread yesterday evening right after work, and scrolled past just one too many "going to zero" posts and antibtc knights taking victory laps; it peaked out in this thread almost exactly as btc bottomed at 60k and violently bounced of 60k on the dot. Kept going to the chart and then back to this thread for another victory post and i couldnt stop myself, I bought some btc at 62k and just sold it for a nice 7-8%. I already have alot and I havent sold anything I owned before yesterday.
This board is an amazing anti-sentiment indicator, you can find bottoms on any asset in real time. By the time you read any sentiment here in concentrated volume, its time to take the other side of the trade.
I would honestly be buying more. The only thing thats really changed in my mind about btc in last year is quantum is increasingly becoming a realistic thing that will happen eventually. Holding over a long enough timeline for the scarcity math is a little more tricky now.
This board is an amazing anti-sentiment indicator, you can find bottoms on any asset in real time. By the time you read any sentiment here in concentrated volume, its time to take the other side of the trade.
I would honestly be buying more. The only thing thats really changed in my mind about btc in last year is quantum is increasingly becoming a realistic thing that will happen eventually. Holding over a long enough timeline for the scarcity math is a little more tricky now.
This post was edited on 2/6/26 at 8:03 am
Posted on 2/6/26 at 8:26 am to Pendulum
I was more concerned with quantum 18 months ago than I am now. I’m more concerned with on chain interest and developing accessible technologies for saving and medium of exchange. This can’t just be another arbitrary marker of capital like stocks, USD, real estate and even precious metals. I don’t like the Saylor “just hoard btc” philosophy.
Posted on 2/6/26 at 8:48 am to beaverfever
quote:
As soon as the selling stops being a falling knife I’m going to grab a chunk.
Tried that a couple of months ago. I am down, but didn't buy a large amount. Falling knife investing is win some, lose some.
Posted on 2/6/26 at 8:58 am to Big Scrub TX
quote:
The bitcoin-to-zero scenario is quite plausible.
We are fairly aligned on bitcoin, but this is a stretch. The days of incredible runs may be over, but zero is not very plausible.
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