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re: Will the Bitcoin selling start accelerating?

Posted on 2/5/26 at 7:50 pm to
Posted by Big Scrub TX
Member since Dec 2013
39554 posts
Posted on 2/5/26 at 7:50 pm to
quote:

but in stocks
What? Fake money going down makes you stop believing in the earnings power of companies? da frick
Posted by 22jctiger22
Member since Apr 2013
547 posts
Posted on 2/5/26 at 8:08 pm to
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.
This post was edited on 2/5/26 at 8:10 pm
Posted by Mohican
Member since Nov 2012
7114 posts
Posted on 2/5/26 at 8:17 pm to
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 by beaverfever
Arkansas
Member since Jan 2008
36058 posts
Posted on 2/5/26 at 8:17 pm to
quote:

Eventually we will get back to a world where valuations matter
The monopoly money has to go first.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52419 posts
Posted on 2/5/26 at 8:19 pm to
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
Posted by supadave3
Houston, TX
Member since Dec 2005
32099 posts
Posted on 2/5/26 at 8:27 pm to
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 by 22jctiger22
Member since Apr 2013
547 posts
Posted on 2/5/26 at 8:31 pm to
(no message)
This post was edited on 2/5/26 at 8:40 pm
Posted by 22jctiger22
Member since Apr 2013
547 posts
Posted on 2/5/26 at 8:32 pm to
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 by Big Scrub TX
Member since Dec 2013
39554 posts
Posted on 2/5/26 at 8:59 pm to
quote:


Maybe not the earnings power of companies, but in what their stock price represents, sure. There is manipulation.
All you have to do is look at the price and assess it, manipulation or no. With bitcoin - there's nothing to assess.

quote:


Fake money doesn’t reach 3.5 trillion in value and gain institutional adoption.
Sure it does. The entire point of "institutions" is to find a way for retail to do stupid shite they show an interest in.

quote:

It’s worth considering what has happened since October and especially the last 48 hours.
What's happened? Anything you are going to list would have been used beforehand as predictive of crypto going UP.

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 by RoyalWe
Louisiana
Member since Mar 2018
4612 posts
Posted on 2/5/26 at 10:37 pm to
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 by The Baker
This is fine.
Member since Dec 2011
19863 posts
Posted on 2/5/26 at 10:49 pm to
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 by FAT SEXY
California
Member since Jun 2020
1887 posts
Posted on 2/5/26 at 10:55 pm to
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 by go ta hell ole miss
Member since Jan 2007
14637 posts
Posted on 2/6/26 at 5:37 am to
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 by beaverfever
Arkansas
Member since Jan 2008
36058 posts
Posted on 2/6/26 at 6:09 am to
quote:

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 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.

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 by Craft
Member since Oct 2019
1244 posts
Posted on 2/6/26 at 6:56 am to
Did Bitcoin find a bottom or fake out?
Posted by beaverfever
Arkansas
Member since Jan 2008
36058 posts
Posted on 2/6/26 at 7:31 am to
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.
Posted by Pendulum
Member since Jan 2009
8006 posts
Posted on 2/6/26 at 8:00 am to
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 post was edited on 2/6/26 at 8:03 am
Posted by beaverfever
Arkansas
Member since Jan 2008
36058 posts
Posted on 2/6/26 at 8:26 am to
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 by KWL85
Member since Mar 2023
3660 posts
Posted on 2/6/26 at 8:48 am to
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 by KWL85
Member since Mar 2023
3660 posts
Posted on 2/6/26 at 8:58 am to
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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