Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

flashman13

(2,211 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

Wednesday

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.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

IthinkThereforeIAM

20 replies

= new reply since forum marked as read

Highlight:

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

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

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

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

etherium has better use cases than bitcoin ClaudetteCC Wednesday #9

ETF's? At least.. reACTIONary Wednesday #14

Decentralized Applications or 'dApps' ClaudetteCC 20 hrs ago #19

iirc etherium was designed specifically for dApp 'smart contracts' ClaudetteCC 20 hrs ago #20

You forgot drugs and child porn.... nt Shipwack Wednesday #10

I stick with what I know.... reACTIONary Wednesday #12

So they hid all the QE in crypto bucolic_frolic Wednesday #2

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

Good point bucolic_frolic Yesterday #16

Sounds like dweller Wednesday #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 Wednesday #6

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

Well... OldBaldy1701E Wednesday #11

HA HA. pansypoo53219 Wednesday #13

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

that means they will. Javaman Yesterday #17

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