why is bitcoin crashing?

[Anonymous]

Anonymous wrote:People have realized its value is for drug dealers and kidnappers.

Far more drug dealers and kidnappers use USD lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:People have realized its value is for drug dealers and kidnappers.

Far more drug dealers and kidnappers use USD lol

But out of total supply of USD vs BTC, a far greater percentage of that currency is used for illicit activities.

You are funny.

[Anonymous]

Anonymous wrote:

Anonymous wrote:People have realized its value is for drug dealers and kidnappers.

Far more drug dealers and kidnappers use USD lol

how many normal transactions are done in BTC? - I'll wait eagerly for your response

[Anonymous]

Anonymous wrote:

Anonymous wrote:The rubes who would have been buying BTC are buying all things AI, which is also driving up cost of mining hardware and electricity. Lots of headwinds and no greater fools.

Expensive computing makes Bitcoin more valuable, because it's harder to make, not less valuable.

If it's expensive to make, why the hell even make it?

Answer: 1) Speculative investment; 2) Crime

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.

I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.

Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A

This presentation argues that **debased currency** is the root cause of modern societal issues, ranging from rising costs to family breakdown. Using a fictional parable of two leaders, the speaker contrasts a **fixed monetary system** with one controlled by a "big red button" that allows for endless money printing. The narrative explains how **government intervention** through currency expansion leads to distorted prices, lower product quality, and increased wealth inequality. This process ultimately forces businesses to cut corners and people to lose their **purchasing power**, creating a cycle of dependency on the state. The speaker identifies **Bitcoin** as the real-world equivalent of "perfect money" because it is decentralized and scarce. By adopting this **incorruptible standard**, he believes society can separate money from state control and restore global prosperity.

I've always found this to be a strange argument by crypto bros when Bitcoin only works (and barely, at that) because it is constantly printing new "money".

Eventually bitcoin will stop being generated i think at 21M coins?

We are at 19M but will take awhile to reach end.

Lost coins are a real problem: about 4% of coins are lost each year.

In 2026, the number of bitcoins lost each year is starting to outpace the number of new bitcoins being mined. This means the "effective" supply of Bitcoin is actually shrinking.

As a currency, a shrinking money supply.

It will come back. Its like land, they aren’t making any more of it!

Oh really? Seems like some new crypto scheme is hatched every week.

Speaking of which, I hope you all bought the official $TRUMP crypto!! https://gettrumpmemes.com/

[Anonymous]

This has thousands of bitcoin scammers. https://www.cryptolegal.uk/list-of-reported-scam-companies/

So many investors lost everything to bitcoin founders.

Sam Bankan Fried is in jail for stealing billions, the Crypto Queen stole billions from investors, there are too many to mention. It’s too easy for these tech people who created these bitcoin co to steal every dollar that investors sent to them.

And now we have the most corrupt president pardoning two crypto felons, the worst kind, so he could work with him and his kids on their bitcoin scam.

1. Trump granted a full and unconditional pardon to Ross Ulbricht on Jan. 21, 2025, freeing the creator of the Silk Road marketplace after more than a decade behind bars.

Ulbricht had been serving a double life sentence since 2013 for operating an online marketplace that prosecutors said facilitated roughly $1 billion in illegal transactions involving drugs such as heroin, cocaine, and LSD, largely settled in Bitcoin.

2. Changpeng Zhao - From China, he is worth about $78 billion from his crypto co Binance , convicted of anti-money laundering among other crimes. He’s under investigation for financing Hamas and doing business with Iran.

Trump has been doing business with Zhao since he’s out of jail. No deporting this scum bag back to China when Trump is profiting from him.


These are the people running the whole thing. No thanks.

[Anonymous]

Crypto was built on hucksters and grift.

Lie: Bitcoin protects your money from the government.
Truth: Bitcoin can be tracked, frozen, and seized like any other asset. Failure to pay taxes is a crime.

Lie: Bitcoin will be stable when the US dollar tanks.
Truth: Bitcoin fluctuates like crazy and if the dollar tanks so will bitcoin.

Lie: Bitcoin is decentralized.
Truth: Bitcoin is far more centralized than fiat currency, with a third of all Bitcoins held by governments, ETFs, and MicroStrategy.

Lie: Bitcoin solves problems and if you disagree it's because you don't understand it.
Truth: Bitcoin solves no problem that isn't already solved by electronic funds transfer systems. The blockchain has some interesting potential, but digital currency is one of the blockchain's least useful applications.

[Anonymous]

Anonymous wrote:When it gets to half price it’s a buy

Or a sell. The intrinsic value of bitcoin is effectively zero.

[Anonymous]

Anonymous wrote:Why did gold and silver crash?

Central banks have slowed or stopped accumulation, and the private market is overbought.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bitcoin is engineered money; a revolutionary innovation. It's here to stay and will only increase in value over time.

I don't tell people to buy bitcoin. I suggest that they learn about it and come to their own conclusions.

Here's a starting point, for anyone genuinely interested:
https://youtu.be/YtFOxNbmD38?si=_e94F5L1-yBZLk3A

This presentation argues that **debased currency** is the root cause of modern societal issues, ranging from rising costs to family breakdown. Using a fictional parable of two leaders, the speaker contrasts a **fixed monetary system** with one controlled by a "big red button" that allows for endless money printing. The narrative explains how **government intervention** through currency expansion leads to distorted prices, lower product quality, and increased wealth inequality. This process ultimately forces businesses to cut corners and people to lose their **purchasing power**, creating a cycle of dependency on the state. The speaker identifies **Bitcoin** as the real-world equivalent of "perfect money" because it is decentralized and scarce. By adopting this **incorruptible standard**, he believes society can separate money from state control and restore global prosperity.

I've always found this to be a strange argument by crypto bros when Bitcoin only works (and barely, at that) because it is constantly printing new "money".

Eventually bitcoin will stop being generated i think at 21M coins?

We are at 19M but will take awhile to reach end.

Lost coins are a real problem: about 4% of coins are lost each year.

In 2026, the number of bitcoins lost each year is starting to outpace the number of new bitcoins being mined. This means the "effective" supply of Bitcoin is actually shrinking.

As a currency, a shrinking money supply.

It will come back. Its like land, they aren’t making any more of it!

You know what else they aren't making more of like land? Actual land that has actual intrinsic value. Buy that instead of bitcoin.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People have realized its value is for drug dealers and kidnappers.

Far more drug dealers and kidnappers use USD lol

But out of total supply of USD vs BTC, a far greater percentage of that currency is used for illicit activities.

You are funny.

JP Morgan was Jeffrey Epstein's bank. They're dirty as all get out.

[Anonymous]

Anonymous wrote:Crypto was built on hucksters and grift.

Lie: Bitcoin protects your money from the government.
Truth: Bitcoin can be tracked, frozen, and seized like any other asset. Failure to pay taxes is a crime.

Lie: Bitcoin will be stable when the US dollar tanks.
Truth: Bitcoin fluctuates like crazy and if the dollar tanks so will bitcoin.

Lie: Bitcoin is decentralized.
Truth: Bitcoin is far more centralized than fiat currency, with a third of all Bitcoins held by governments, ETFs, and MicroStrategy.

Lie: Bitcoin solves problems and if you disagree it's because you don't understand it.
Truth: Bitcoin solves no problem that isn't already solved by electronic funds transfer systems. The blockchain has some interesting potential, but digital currency is one of the blockchain's least useful applications.

People have touted the technology value of blockchain, but its been around about 15 years and the only application in wide use is cryptocurrency!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People have realized its value is for drug dealers and kidnappers.

Far more drug dealers and kidnappers use USD lol

how many normal transactions are done in BTC? - I'll wait eagerly for your response

I'm still waiting...

[Anonymous]

Anonymous wrote:I can’t believe that at this point people don’t understand bubbles and boom & bust cycles. OP do you really not understand this? Please stick to index funds until you get a better understanding of the basics.

Insufferable. Your post tells us all you dabble in finance and prob work at a defense contractor or some other lame bro job, but fancy yourself some sort of financial genius. Bitcoin isn’t backed by anything or any intrinsic value. It’s all BS and no rules apply.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I can’t believe that at this point people don’t understand bubbles and boom & bust cycles. OP do you really not understand this? Please stick to index funds until you get a better understanding of the basics.

Insufferable. Your post tells us all you dabble in finance and prob work at a defense contractor or some other lame bro job, but fancy yourself some sort of financial genius. Bitcoin isn’t backed by anything or any intrinsic value. It’s all BS and no rules apply.

It's a ponzi scheme like all the crypto. It only has value if you convince a lot of other people to buy it, but once they start selling it it literally can go to zero, as there is nothing about it that can be sold for any type of value (unlike land, precious metals, grain, oil reserves, timber, etc that have intrinsic value of usability for human survival). digital assets are an illusion