Bitcoin crash???

13,349 Views | 135 Replies | Last: 2 mo ago by TTUArmy
MRB10
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AG
He's saying he would prefer to save using something that has a fixed supply.
lobopride
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Ag92NGranbury said:

Help me understand how Bitcoin is a good alternative to inflation?


Bitcoin is a form of true money. We can debate its true value but it definitely will outlast the dollar.

Once all Bitcoin is mined the amount can only decrease because of people losing their cold storage or something. The dollar's value on the other hand has to be inflated away in order to keep this house of cards up.
Ducks4brkfast
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AG
lobopride said:

Ag92NGranbury said:

Help me understand how Bitcoin is a good alternative to inflation?


Bitcoin is a form of true money. We can debate its true value but it definitely will outlast the dollar.

Once all Bitcoin is mined the amount can only decrease because of people losing their cold storage or something. The dollar's value on the other hand has to be inflated away in order to keep this house of cards up.

Can you imagine what $1,000,000+ bitcoin would do to inflation? You would be injecting trillions into the global economy.
txaggie_08
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AG
lobopride said:

Ag92NGranbury said:

Help me understand how Bitcoin is a good alternative to inflation?


Bitcoin is a form of true money. We can debate its true value but it definitely will outlast the dollar.

Once all Bitcoin is mined the amount can only decrease because of people losing their cold storage or something. The dollar's value on the other hand has to be inflated away in order to keep this house of cards up.

"Definitely" is a strong statement…
lobopride
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The dollar is built on a pile of turds.
TTUArmy
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lobopride said:

The dollar is built on a pile of turds.

txaggie_08
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AG
What's BTC build on other than hopes and dreams?
@NFLPlayerProps
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Endless resources out there on this topic if you care to learn, just as there have been for years.

What do you think one BTC was worth the first time you mentioned it on texags?
5Amp
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How low will she go?
FobTies
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Lots of talk about liquidation of leveraged holdings. I also think there is more shorting than historically with so many retail participants that now better understand that type of trading enabled in their apps. Shorting used to be taboo. These days, lots of visibility on YT and social media of support and res levels and long/short strategies.

Both Tom and Saylor got to be shyting bricks. Not bc their money, but bc their narratives are unwinding rapidly.

Maybe its not AI that pops the bubble, but instead, overleveraged crypto retails, that them threatens the treasury model. Tempted to buy more BMNR, but total knife catch.
jamey
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AG
Crypto has investment opportunities with BTC and ETH that have a use case along with a few others


Then theres all this useless gambling memecoin stufd or highly leveraged btc..etc

Problem is, its all "crypto" and talked about in the same circles

My grandfather use to say if you play with **** you're gonna get a little on ya, in reference to picking friends.
AggiEE
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jamey said:

Crypto has investment opportunities with BTC and ETH that have a use case along with a few others


Then theres all this useless gambling memecoin stufd or highly leveraged btc..etc

Problem is, its all "crypto" and talked about in the same circles

My grandfather use to say if you play with **** you're gonna get a little on ya, in reference to picking friends.


There's no use for any crypto technology by itself as an actual investable asset, including bitcoin or ethereum.
Yukon Cornelius
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AG
I mean no disrespect but I love these types of posts. It really shows how early in this evolution of technology we still are. And to be fair from an outside perspective it does seem like could be vaporware with leverage. However I think if one really uses the blockchain they can see the potential. Adoption has been driven by retail so it's been slow. Investments into this space by institutions have largely been absent. It's primarily been bootstrap by everyday folks. But it's to the point the institutions can't ignore. And when people like Jamie and Larry start talking about implementation of the technology I think that's a watershed moment. They aren't talking about speculating on particular cryptos or trying to pump anything. They are talking about implementing the technology to make the businesses they already run operate more efficiently and effectively. Which my position has been whoever JP Morgan and BR uses as their blockchain will be the winner. All the talk about transaction speeds etc won't be what determines the blockchain winner. Those institutions get to play king maker for better or worse.
AggiEE
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Yukon Cornelius said:

I mean no disrespect but I love these types of posts. It really shows how early in this evolution of technology we still are. And to be fair from an outside perspective it does seem like could be vaporware with leverage. However I think if one really uses the blockchain they can see the potential. Adoption has been driven by retail so it's been slow. Investments into this space by institutions have largely been absent. It's primarily been bootstrap by everyday folks. But it's to the point the institutions can't ignore. And when people like Jamie and Larry start talking about implementation of the technology I think that's a watershed moment. They aren't talking about speculating on particular cryptos or trying to pump anything. They are talking about implementing the technology to make the businesses they already run operate more efficiently and effectively. Which my position has been whoever JP Morgan and BR uses as their blockchain will be the winner. All the talk about transaction speeds etc won't be what determines the blockchain winner. Those institutions get to play king maker for better or worse.


Key in on my actual phrasing of "investable asset" with "underlying crypto technology by itself"

Any benefit of crypto as an investable asset has nothing to do with the technology enabling transactions but the underlying thing being transacted itself. While there can be value in fee compression and/or speed of transactions, that will be owned and competed upon by companies themselves.

This is where all the crypto fanatics have it completely wrong and simply hijack it as a means of a speculation based token, which isn't the point. Bitcoin in particular has absolutely no value whatsoever, and potentially negative value given the power/compute requirements.
Yukon Cornelius
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AG
I think you make a good point. And probably pretty accurate historically. However I do believe the caveat is in the way the ethereum blockchain technologically runs. The token eth itself is paramount to running the nodes of the ethereum blockchain. Unlike btc for example. And so ethereum blockchain requires use of the eth token beyond use as a fee. But to your point it's much different and unique than previous speculative assets. The only one I can think of that is even remotely analogous and it's a terribly poor one at that is oil.

So the value of ETH is the value of running the network. If the network itself becomes valuable so will running it. And thus Eth has value.
AggiEE
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Yukon Cornelius said:

I think you make a good point. And probably pretty accurate historically. However I do believe the caveat is in the way the ethereum blockchain technologically runs. The token eth itself is paramount to running the nodes of the ethereum blockchain. Unlike btc for example. And so ethereum blockchain requires use of the eth token beyond use as a fee. But to your point it's much different and unique than previous speculative assets. The only one I can think of that is even remotely analogous and it's a terribly poor one at that is oil.

So the value of ETH is the value of running the network. If the network itself becomes valuable so will running it. And thus Eth has value.


The volatility of ETH and the "value of running the network" are incompatible with each other. The value of running the network is a function of compute and power, neither of which justify the volatility.
Yukon Cornelius
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AG
With all due respect I simply don't think you fully understand how technologically the ethereum blockchain runs. It doesn't run simply on computing power. It requires eth to be locked up for an extended period of time to participate in validating the network.

The short term volatility of ETH is largely irrelevant. Thats like saying anything that is volatile in price isn't valuable. Is oil valuable? It can be volatile. The price of oil per barrel went negative for a moment during Trumps first term if I'm not mistaken. But that didn't erode oils value.

Blackrock and fidelity and JPMorgan are looking at running their assets in the blockchain for near instant settlement time. If that comes to fruition and if it's on ethereum the entire network is incredibly valuable. And to process transactions on said network requires eth to be locked up so one can participate. I highly highly doubt that's big institutions won't be involved in processing transactions. So what's the value they will place on being able to do that? Whatever it is is the value of ETH itself.
BoDog
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AG
This thread is now way above my pay grade. I just need one of you to tell me when we hit bottom...
LMCane
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FobTies said:

Lots of talk about liquidation of leveraged holdings. I also think there is more shorting than historically with so many retail participants that now better understand that type of trading enabled in their apps. Shorting used to be taboo. These days, lots of visibility on YT and social media of support and res levels and long/short strategies.

Both Tom and Saylor got to be shyting bricks. Not bc their money, but bc their narratives are unwinding rapidly.

Maybe its not AI that pops the bubble, but instead, overleveraged crypto retails, that them threatens the treasury model. Tempted to buy more BMNR, but total knife catch.

oh it's definitely the money!

Saylor could be completely wiped out.

Lee is likely not invested in BITMINE as much as he was installed as the public face of it, so even if he goes to zero on ethereum he still has money

but pretty sure a lot of Saylor's own wealth went into MSTR
LMCane
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Yukon Cornelius said:

With all due respect I simply don't think you fully understand how technologically the ethereum blockchain runs. It doesn't run simply on computing power. It requires eth to be locked up for an extended period of time to participate in validating the network.

The short term volatility of ETH is largely irrelevant. Thats like saying anything that is volatile in price isn't valuable. Is oil valuable? It can be volatile. The price of oil per barrel went negative for a moment during Trumps first term if I'm not mistaken. But that didn't erode oils value.

Blackrock and fidelity and JPMorgan are looking at running their assets in the blockchain for near instant settlement time. If that comes to fruition and if it's on ethereum the entire network is incredibly valuable. And to process transactions on said network requires eth to be locked up so one can participate. I highly highly doubt that's big institutions won't be involved in processing transactions. So what's the value they will place on being able to do that? Whatever it is is the value of ETH itself.


what's the role of quantum computing being able to break the encryption on the blockchain?

it always has seemed strange that ETH seems more useful than BTC but yet BTC is a monster compared to it's smaller brother.
Yukon Cornelius
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AG
Btc network is probably the most resilient network to QC today. It's also likely the easiest network to increase security against QC. So if QC start cracking stuff like the federal reserve accounts btc could prove to be the most secure money in the world.

Ethereum can also scale its security but probably slower than btc network. But still incredibly faster than any legacy system we use today.
jamey
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AG
AggiEE said:

jamey said:

Crypto has investment opportunities with BTC and ETH that have a use case along with a few others


Then theres all this useless gambling memecoin stufd or highly leveraged btc..etc

Problem is, its all "crypto" and talked about in the same circles

My grandfather use to say if you play with **** you're gonna get a little on ya, in reference to picking friends.


There's no use for any crypto technology by itself as an actual investable asset, including bitcoin or ethereum.


You're making my point becauae BTC and certainly ETH has a use case but people lump it all in together with the crazy crypto narrative because as my grandfather said, eth and btc have some ****ty friends


Ethereum > fartcoin
5Amp
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Perception is reality.
jamey
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AG
hamean02
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AG
Yukon Cornelius said:

With all due respect I simply don't think you fully understand how technologically the ethereum blockchain runs. It doesn't run simply on computing power. It requires eth to be locked up for an extended period of time to participate in validating the network.

The short term volatility of ETH is largely irrelevant. Thats like saying anything that is volatile in price isn't valuable. Is oil valuable? It can be volatile. The price of oil per barrel went negative for a moment during Trumps first term if I'm not mistaken. But that didn't erode oils value.

Blackrock and fidelity and JPMorgan are looking at running their assets in the blockchain for near instant settlement time. If that comes to fruition and if it's on ethereum the entire network is incredibly valuable. And to process transactions on said network requires eth to be locked up so one can participate. I highly highly doubt that's big institutions won't be involved in processing transactions. So what's the value they will place on being able to do that? Whatever it is is the value of ETH itself.

who do you think are the most likely blockchain winners? in other words, if not ETH then who?
YouBet
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AG
hamean02 said:

Yukon Cornelius said:

With all due respect I simply don't think you fully understand how technologically the ethereum blockchain runs. It doesn't run simply on computing power. It requires eth to be locked up for an extended period of time to participate in validating the network.

The short term volatility of ETH is largely irrelevant. Thats like saying anything that is volatile in price isn't valuable. Is oil valuable? It can be volatile. The price of oil per barrel went negative for a moment during Trumps first term if I'm not mistaken. But that didn't erode oils value.

Blackrock and fidelity and JPMorgan are looking at running their assets in the blockchain for near instant settlement time. If that comes to fruition and if it's on ethereum the entire network is incredibly valuable. And to process transactions on said network requires eth to be locked up so one can participate. I highly highly doubt that's big institutions won't be involved in processing transactions. So what's the value they will place on being able to do that? Whatever it is is the value of ETH itself.

who do you think are the most likely blockchain winners? in other words, if not ETH then who?


I hope it's ADA because I own like 5 of that. And BTC which I own about 1 of.
Yukon Cornelius
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AG
If not eth my guess would be either SOL or one yet invented. I could be wrong but to me it'll just come down to who JPMorgan and blackrock use. They've dipped their toes in on ethereum so ethereum maybe the best position to win but it's not a done deal yet IMO. Now that the big boys are involved they get to play king maker for better or worse.
YouBet
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AG
SOL seems to be making some significant headway just this month. I own none of this as i abandoned almost all crypto investments outside of BTC and ADA a long time ago.

From Grok so yall feel free to validate as I don't take anything from AI as gospel:

1. Coinbase
Announcement Date: November 21, 2025
Details: Coinbase is acquiring Vector.fun, a high-performance on-chain trading platform built natively on Solana. This will integrate directly into Coinbase's ecosystem to boost trading speed, liquidity, and access to Solana-based assets. The deal is set to close by year-end, signaling deeper commitment to Solana for retail and institutional users.

2. Supabase
Announcement Date: November 11, 2025
Details: Supabase, a backend-as-a-service platform powering databases for companies like GitHub and 1Password, added Solana as an official identity provider. This enables seamless wallet-based authentication for Solana users in apps built on Supabase, simplifying developer integration for Web3 apps.

3. Solana Company (Nasdaq-Listed Validator Firm)
Announcement Date: November 13, 2025
Details: The company partnered with Superstate to tokenize its SEC-registered HSDT shares on Solana via the Opening Bell platform. This allows 24/7 trading and real-time settlement, marking one of the first fully on-chain tokenized equities for a public company.

4. SoFi Bank
Announcement Date: November 11, 2025
Details: As the first regulated U.S. bank, SoFi is enabling its 12.6 million customers to buy and sell Solana (SOL) directly from checking accounts using fiatno crypto exchanges required. This bridges traditional banking with Solana's ecosystem for easier on-ramps.

5. Cash App (Block, Inc.)
Announcement Date: November 13, 2025
Details: Cash App, with 57 million users, will roll out USDC payments via Solana in early 2026. This builds on Solana's payment rails for fast, low-fee stablecoin transfers, expanding crypto utility for everyday users.

6. DeFi Dev Corp. (DFDV)
Announcement Date: November 18, 2025
Details: The Nasdaq-listed Solana-focused treasury firm signed a Letter of Intent (LOI) with Loopscale, a Solana DeFi credit protocol, to deploy SOL and stablecoin reserves for yield generation. This will enhance DFDV's SOL Per Share (SPS) growth through on-chain lending.

Other Notable Mentions (Slightly Earlier but Momentum-Building)
Fidelity Investments: Launched the Fidelity Solana Growth Fund (FSOL) ETF on November 19, 2025, allocating up to $1B to SOL and Solana ecosystem tokens like Serum and Raydium.
Circle: Minted $750M in USDC on Solana on November 17, 2025, to support growing DeFi liquidity and integrations.
Coastal Coffee Company: Integrated Solana Pay for crypto checkout on November 14, 2025, accepting multiple wallets and assets.
jamey
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AG
hamean02 said:


who do you think are the most likely blockchain winners? in other words, if not ETH then who?


Im sitting on

35% ETH / BMNR
36% BTC
27% cash for whatever is next
2% SOL thru FORD

Plan is keep buying BTC as it falls for long term hold after selling half back around 102K.

Sell 33% of ETH if it gets back around or above ATH to replenish cash position
JD Shellnut
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AG
Yukon Cornelius said:

If not eth my guess would be either SOL or one yet invented. I could be wrong but to me it'll just come down to who JPMorgan and blackrock use. They've dipped their toes in on ethereum so ethereum maybe the best position to win but it's not a done deal yet IMO. Now that the big boys are involved they get to play king maker for better or worse.


Do you believe in btc long term? I'm mostly tied up in btc, IBIT, and BMNR.
Gordo14
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AggiEE said:

Yukon Cornelius said:

I mean no disrespect but I love these types of posts. It really shows how early in this evolution of technology we still are. And to be fair from an outside perspective it does seem like could be vaporware with leverage. However I think if one really uses the blockchain they can see the potential. Adoption has been driven by retail so it's been slow. Investments into this space by institutions have largely been absent. It's primarily been bootstrap by everyday folks. But it's to the point the institutions can't ignore. And when people like Jamie and Larry start talking about implementation of the technology I think that's a watershed moment. They aren't talking about speculating on particular cryptos or trying to pump anything. They are talking about implementing the technology to make the businesses they already run operate more efficiently and effectively. Which my position has been whoever JP Morgan and BR uses as their blockchain will be the winner. All the talk about transaction speeds etc won't be what determines the blockchain winner. Those institutions get to play king maker for better or worse.


Key in on my actual phrasing of "investable asset" with "underlying crypto technology by itself"

Any benefit of crypto as an investable asset has nothing to do with the technology enabling transactions but the underlying thing being transacted itself. While there can be value in fee compression and/or speed of transactions, that will be owned and competed upon by companies themselves.

This is where all the crypto fanatics have it completely wrong and simply hijack it as a means of a speculation based token, which isn't the point. Bitcoin in particular has absolutely no value whatsoever, and potentially negative value given the power/compute requirements.


I'd also add that blockchain is 15 years old. Maybe it's time to retire the idea that this "new technology" is about to revolutionize things. It's just an inefficient database.

The only reason bitcoin was high is because Microstrategy levered up to buy 2.3% of all bitcoin. When you subtract out bitcoin lost forever and bitcoin stored on a hard drives in sock drawers it's probably a very significant percentage of the overall float of bitcoin. There's no real end game and levering up to buy more made it look like their position was a better and better position to take, but it's purely self-referential and there is no exit strategy. Bitcoin wouldn't be worth much if it weren't for this debt dumped into the system. I think many of you greatly underestimate what a Microstrategy forced deleveraging event might look like. And I also suspect that if Microstrategy falls, the bitcoin to the moon story will also be dead permanently. I would be very careful catching this falling knife. Commodities that enter forced deleveraging/clearance events will always go much lower than you can imagine. This isn't equities where there is intrinsic value and cash flows to protect the investor. If Microstrategy must sell bitcoin for whatever residual cash value they can get, this move very well could exceed all expectation.
jamey
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AG
We had computers when we went to the moon. Windows 1.0 was in 1985 and not exactly widely used
Yukon Cornelius
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AG
That's an interesting question. One in which I enjoy theorizing about. Personally I'm still majority btc in my crypto portfolio.

But to AggiEE's points I am finding it harder to forcast its future value. On one hand you could say its base value is the sum power required to run the network. Which is a fine argument but it begs the question why run the network.

I think it's certainly has failed as money. It's too speculative to be used as a currency. Why buy a cup of coffee with btc which could be worth a lot more in a year or so vs a dollar that will certainly be worth less?

Ans its failed to be a functioning blockchain because early btc adopters were so anti development to preserve it to its original thesis to the point it stymie any innovation and allowed the space for other chains.

And so it's really left with the store of value narrative and has been largely siloed into "digital gold". Which I can see a real use case there. To serve as collateral in the digital which can be easily repoed.

So really to me, and I could be wrong, its best value proposition is its extreme speculation property. And if the halving scarcity causes it to pump thesis is ever invalidated it could be a real blood bath and enter a very prolonged bear cycle.

The other future surrounding it I think about is does the next generation even care about btc? Does btc get viewed as Gen X and millennials "cheap housing boomers got" equivalent by the zoomers and alpha? It's entirely possible to me future kids just don't care about it and when they inherit from their parents or CEOs take over companies with btc treasuries they just dump it.


But then on the flipside if the dollar dies and another fiat cant take its place does it some emerge through a world wide economic collapses as a winner? Who's to say.

I'm net free on mine and likely won't buy more any time soon. But also not looking to sell what I have.
Yukon Cornelius
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AG
I think what you're describing is what has been relatively rare with new technology in that retail was first to adopt it. Take computers for example. Primarily institutions had the first computers because they were largely unattainable for individuals to buy. I think we are just seeing the reluctant but inevitable adoption by institutions.
jamey
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AG
When 95% of BTC has been mined I'm not sure the scarcity / halving cycle matters much.

I see it strictly as a debasement trade. If anyone should be aware of.the debasement trade it should be the younger generations. They're the ones with that noose around their neck. GenX and older may or may not see the gallows door open up. Hard to imagine younger generations escape the hangmans noose
 
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