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flashman13

(2,235 posts)

6. Crypto is simply canned air. It has no intrinsic value. All it will take is for one large holder to sell off a

Reply to Yo_Mama_Been_Loggin (Original post)

Wed Feb 4, 2026, 09:51 PM

Feb 4

significant amount of coins all at once. That will cause the next two holders to sell while the price is still high. Next thing you know there is a mass stampede for the door. In very short order prices collapse and it all becomes worthless. That would probably be okay, but because of lax regulation, it is possible to collateralize real world loans with bitcoin. If bitcoin goes south, all those loans go south too. It's effectively what happened in 1929 all over again.

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IthinkThereforeIAM

20 replies

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Highlight:

Bitcoin sinks after Treasury Secretary Bessent says US government can't tell banks to bail out crypto [View all] Yo_Mama_Been_Loggin Feb 4 OP

No they shouldn't bailout that pseudo pyramid scheme. lostincalifornia Feb 4 #1

I never understood the value of the record of a transaction ClaudetteCC Feb 4 #4

Sure, it's just numbers in the cloud, but .... reACTIONary Feb 4 #8

etherium has better use cases than bitcoin ClaudetteCC Feb 4 #9

ETF's? At least.. reACTIONary Feb 4 #14

Decentralized Applications or 'dApps' ClaudetteCC Feb 5 #19

iirc etherium was designed specifically for dApp 'smart contracts' ClaudetteCC Feb 5 #20

You forgot drugs and child porn.... nt Shipwack Feb 4 #10

I stick with what I know.... reACTIONary Feb 4 #12

So they hid all the QE in crypto bucolic_frolic Feb 4 #2

It seems the price of 'homes' even with inflation ClaudetteCC Feb 4 #5

Good point bucolic_frolic Feb 5 #16

Sounds like dweller Feb 4 #3

Crypto is simply canned air. It has no intrinsic value. All it will take is for one large holder to sell off a flashman13 Feb 4 #6

Bitcoin has fallen 43% since its $126,000 all-time high back in October progree Feb 4 #7

Well... OldBaldy1701E Feb 4 #11

HA HA. pansypoo53219 Feb 4 #13

"value destruction" of cryptocurrency has a nice ring to it. (nt) pat_k Feb 5 #15

that means they will. Javaman Feb 5 #17

That's the only reason bitcoin and other crypto started climbing after Trump took office. ChicagoTeamster Feb 5 #18