why is bitcoin crashing?
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Anonymous
There is absolutely a floor. There will always be some zealot who will try to pump it up. Its the ultimate pump and dump penny stock, because you can trade from multiple wallets and its hard for SEC to track you down. |
Anonymous
I mean, the whole network is only capable of about 7 transactions per second, so clearly not very many... |
Anonymous
That’s why some are trying to make Stablecoin happen. Trump and family are selling these and putting the profits into money market accounts, real dollars, with stable 4% returns. “Investors” are sheikhs from the Middle East and the Chinese immigrant that Trump released from jail. Trump’s first cryptocurrency is being called Trump a classic Pump and Dump. The billionaires and crypto investors bought huge amounts of coins at low prices, averaging $1.50 in January 2025. Trump went to work like a used car salesman promising huge returns, pumping the price up so everyone wants to buy a piece of it. The whole family was in on it. The insiders and billionaires sold their coins at the peak of $75. It created a huge crash which left later investors losing money. In one month the coins were valued at $17. The insiders won big. The smaller investors lost big. The $Trump coins are currently valued at $3.41. The fact that Trump is in business with foreign governments, convicted felons and is promoting his company on government social media sites and hawking them at rallies should be enough for impeachment and removal. |
Anonymous
+1 |
Anonymous
This. |
Anonymous
You forgot career criminals and corrupt billionaires where insider training is easier. |
Anonymous
This is absoluely crazy. How are they getting away with it? |
Anonymous
The corruption in this administration is unprecedented. Trump’s self interests are priority over the country’s yet he still has support. He’s pardoned certain convicted felons because they are of use to him. He has taken hundreds of millions of dollars from billionaires with agendas and he’s happy to make their wishes come true. He does keep the lies and hate going regarding immigrants to keep his base voting republican but that’s all they will get from him. |
Anonymous
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Most ironically for bitcoin is that with the Crypto President, most of the network nodes are moving to China and Russia — miners can make more money at these prices renting out their hardware to LLM data centers.
I would really worry in totalitarian regimes like those two of a 50% attack. |
Anonymous
Do you know why we are in this situation? It's because we worship success in this country..and if that success also makes you a billionaire in the process we workshop you like you are the incarnation of God. And when you worship another human, you develop blind spots and a twisted logic. That successful and rich person cannot do anything wrong. It's sad. |
Anonymous
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Here is a good recent NYT article about why Bitcoin is now falling:
Since its peak last fall, Bitcoin, the world’s largest cryptocurrency, has lost almost half its value. Nearly $2 trillion of wealth has evaporated from the global crypto market since October. We have one question. What took so long? Outside of crimes and scams, the technology is useless, and its economics are even worse. In our role as government economists, we initially kept an open mind about crypto’s potential merits. From 2021 to 2022 we sat in dozens of meetings in which crypto firms and their backers assured us that the blockchain, the technology underlying crypto, would do everything from increase access to the financial system to replace the internet as we knew it. Yet when we asked independent experts about these claims, we encountered sharp pushback. If this technology was that revolutionary, why weren’t any of the giant tech firms using it? Were they too shortsighted to see the technological revolution unfolding before them? Or was the technology — which we learned was essentially a painfully slow and expensive database — just not that special? Yet all of that financial and government support, accompanied by a period of soaring crypto values, still failed to win over consumers. The share of Americans holding crypto has been stuck at around 30 percent for the past four years. Demand is so slack that the owners of the heavy-duty hardware that mines new crypto are increasingly turning it into A.I. data centers. At the same time, investors worried about an A.I. bubble are increasingly ditching riskier, more speculative assets — the more speculative the asset, the earlier it was punished. That explains why Bitcoin started plummeting three weeks before tech stocks began to wobble. Clearly, despite its many wins in Washington, crypto has made little progress on its attempts to be integrated into the real economy. |
Anonymous
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Trump is not very popular people.
Don’t believe his PR. (But he is popular with other shadey rich guys, because they see themselves and their interests in him) |
Anonymous
| And now you see what BTC is good for as millions of Iranians move their life savings out of a collapsing country. To the moon’ |
Anonymous
Could this be Trump’s motivation? |
Anonymous
Oh yeah how does that work in a place with no connections to the internet? And the vast majority of Iranians have no life savings. |