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flashman13

(2,548 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, 10:51 PM

Feb 2026

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 2026 OP

No they shouldn't bailout that pseudo pyramid scheme. lostincalifornia Feb 2026 #1

I never understood the value of the record of a transaction ClaudetteCC Feb 2026 #4

Sure, it's just numbers in the cloud, but .... reACTIONary Feb 2026 #8

etherium has better use cases than bitcoin ClaudetteCC Feb 2026 #9

ETF's? At least.. reACTIONary Feb 2026 #14

Decentralized Applications or 'dApps' ClaudetteCC Feb 2026 #19

iirc etherium was designed specifically for dApp 'smart contracts' ClaudetteCC Feb 2026 #20

You forgot drugs and child porn.... nt Shipwack Feb 2026 #10

I stick with what I know.... reACTIONary Feb 2026 #12

So they hid all the QE in crypto bucolic_frolic Feb 2026 #2

It seems the price of 'homes' even with inflation ClaudetteCC Feb 2026 #5

Good point bucolic_frolic Feb 2026 #16

Sounds like dweller Feb 2026 #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 2026 #6

Bitcoin has fallen 43% since its $126,000 all-time high back in October progree Feb 2026 #7

Well... OldBaldy1701E Feb 2026 #11

HA HA. pansypoo53219 Feb 2026 #13

"value destruction" of cryptocurrency has a nice ring to it. (nt) pat_k Feb 2026 #15

that means they will. Javaman Feb 2026 #17

That's the only reason bitcoin and other crypto started climbing after Trump took office. ChicagoTeamster Feb 2026 #18