Bitcoin Loses Half of It's Value

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Michael Burry Warns of Cascading Effects From Bitcoin Plunge
finance.yahoo.com

... Michael Burry, who rose to prominence for his wager against the US housing market ahead of the 2008 financial crisis, warned that Bitcoin's plunge could deepen into a self-reinforcing "death spiral," inflicting lasting damage on companies that have spent the past year stockpiling the token.

In a Substack post Monday, Burry argued that the original cryptocurrency, which has fallen 40% since peaking in October, has been exposed as a purely speculative asset, failing to take off as a debasement hedge similar to precious metals. Further losses, he said, could rapidly strain the balance sheets of major holders, force selling across the crypto ecosystem and trigger widespread value destruction. ...

"So now would be a logical time for a safe haven to surge.

Geopolitics have gotten spicy this year:

President Donald Trump is threatening to attack Iran after the United States removed the leader of Venezuela.

The US president has recently been going after allies in Europe and Canada over Greenland, and he's threatening higher tariffs on South Korea."

Good article.

;;

Uncle Scrooge Donald is manipulating the market as well as he can to enrich the Trump Crime Family.

But... he's terribly erratic and incredibly incompetent (and incontinent!), so he could lose it all like it was several casinos.

""So now would be a logical time for a safe haven to surge."

How is bitcoin a safe haven when it requires the internet to work, and it doesn't even have residual industrial or clear aesthetic value, like gold?

Pssst. wanna buy some prime numbers?

Bitcoin Loses Half Of It's Value

It's because of risks like these that I invested my money in tulip bulbs.

Tulip mania was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then dramatically collapsed in February 1637. It is generally considered to have been the first recorded speculative bubble or asset bubble in history. The term tulip mania is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.
en.wikipedia.org

Comrade Boazo just lost the doublewide because of this.

How is bitcoin a safe haven when it requires the internet to work, and it doesn't even have residual industrial or clear aesthetic value, like gold?
- snoofy

The aesthetic value doesn't match the financial value.

Some one mentioned this interesting idea, that New York financial wizards capture and destroy the "value" of everything through fractional ownership.

Across all financial commodities we aren't paying the for the value of the commodity, just it's manipulation.

Housing, Gold, silver all suffer from fractional ownership through derivatives.

Bitcoin at one time had scarcity, but no longer, now it's all EFT, derivatives so now the price floats irrespective of the "asset".

No price is real.

Thought it an interesting idea

Still not as bad as Melaniacoin which lost 99%

Dumbass Fake ----- Knows Zero About Finance

Bitcoin is losing value?

Is this linked to the ransom in the news?

Bitcoin is losing value?
Is this linked to the ransom in the news?
#10 | Posted by Petrous

You're live blogging your sundowning?

One thing you can always spot when an investment has peaked is the radio and tv ads pushing it onto the general public.

The pattern is predictable as soon as the easy money is made, they start pumping it for people to buy it in their IRA's

Oil in 2005

Gold in 2011

Bitcoin in 2025

Don't Be A Coward! THROW YOUR MONEY AWAY!!

Although gold in 2011....

> Still not as bad as Melaniacoin which lost 99%
> #8 | Posted by Nixon

Dumbass Fake ----- Knows Zero About Finance
#9 | Posted by LegallyYourDead

I wouldn't go that far. She traded her often-rented, well-used lower body parts for a solid chunk of whatever Donald Trump has in the bank.

Did pretty well for herself, just like all of Trump's illegal immigrant mail-order brides from sheethole countries.

Layoffs in January were the highest to start a year since 2009, Challenger says

Wow!

Bitcoin hasn't lost half its value. It's real value is zero. Just like the USD.

Like all your posts, wetbrain

... radio and tv ads ...

A you problem. I avoid any advertising in any way I can. Including turning it off and walking out. Whatever, I don't care what they have to say.

Good news if you are in the market for a good used GPU.

I avoid any advertising in any way I can.
#20 | Posted by et_al

I watch a lot of online content. There's ads for TurboTax everywhere.
This is highly targeted advertising.
I bought TurboTax.
After I bought TurboTax, I still keep seeing TurboTax ads.

Intuit business model depends on the tax code being so complicated that we all have to either buy TurboTax or pay a tax professional even more money just because we made money.

We're getting into the horseshoe theory of politics, like when Tom Hanks when on SNL as the proto-MAGA Jeopardy Contestant.

Try AdBlock Plus and Ghostery. When a site denies access because of that I exit a won't go back. Like I said, I avoid ads any way I can.

How many more times do I have to write this? Cryptocurrencies are vehicles for criminal activity and naked speculation only, nothing more or less. Cryptocurrencies are NOT an investment. All those who have bought into crypto will lose their money sooner or later ...

Ironic when something worthless uses half its value.
What is bit coin but a way to use up fossil fuel for no tangible benefit? Yay humanity!! Woohoo!

Strictly a speculative investment, buying in the hopes that it goes up - nothing tangible backs it as all it is: Ones and zeros.

Precious metals {gold, platinum, silver palladium, etc.} may rise, or fall, but they will never be worth nothing.

#26 What's tastier?

An amount of gold too heavy to carry; or,

A freshly-baked loaf of bread that you have to walk 10 miles, round trip, to trade with your chicken?

Warren Buffet on why crypto = the Greater Fool Theory: www.youtube.com (56 seconds)

Gee, who coulda seen that coming?
www.youtube.com

This is said during any big market downturn. Zoom out and it's still up 6X from where it was 6 years ago. Its peaks in 2021 are now it's lows. I only have about $600 in bitcoin and of course right before the crash. However, I have to admit it's still going strong.

It had a crash back in late 2017, going from $20,000 and losing more than 50% of it's value. In early 2019, it was down to $3400. Here we are talking about how bad it is at $63,000 in early 2026.

I have always considered bitcoin about as sure of a bet in a casimo. I personally know people who lost hige amounts of money on bitcoin but I learned to Instead I mourn their losses with them silently.mind my own business and do not offer opinions any more. It never did any good any way and when they lose I make it a point to nrver ever remind them about what I had told them. .Instead, I mourn their losses along with them and never remind them that I said anything. That would be the last thing they need to hear. Unfortunately I've seen it happen too many times. It ought to be called gambling because that;s what it is and like casinos, the house always wins,

I made a few bucks trading crypto but I wouldn't recommend it.

Bitcoin is tanking because Bitcoin uses the same infrastructure (data centers) and same raw materials (electricity) that AI uses.

And institutional investment money is flowing heavily into AI. So this is nothing more than investors chasing ROI.

AI is the new shiny thing. Bitcoin is supposed to have morphed into a "store of value" which is as old and boring as gold. Worse, unlike gold you can't use bitcoin when the electricity goes out and the internet goes down, so it's not even as attractive as gold.

The crypto I made money on is called Zcash. It allows buyers and sellers to exchange tokens anonymously on the blockchain, which would obviously help in delivering the "true promise" of crypto by allowing us to do business behind the taxman's back. There is at least one other crypto that uses the same underlying zk-SNARK technology called Horizen.

"zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge) are cryptographic proofs that allow one party to prove knowledge of a secret without revealing the secret itself." This means I can verify your crypto and you can verify mine, without revealing e.g. how much we traded, and who we are.
www.gemini.com

At this point, cynics like me look at major moves in crypto and we look for the pump and dump scheme and look for who will profit...

Bitcoi7n is now and always has been a Ponzi scheme. Those at the top of the pyramid get rich; th4ose at the bo5ttom end up with nothing of value. I've watched friends piss away li8fe considerab1le savings. Everyone is entitled to their own opinion but I kn8ow I won't be risking a penny on iy. Is it surprising that the Conman in Chief has made billions off of h8is 4trusting sheep followers? er.... I mean MAGAs!

Crypto is a Ponzi scheme.

^...Just like Danni said.

It's an intelligence test. If you bought it, you failed.

It's an intelligence test. If you bought it, you failed.
#38 | Posted by LegallyYourDead

So if you bought it below $10,000 and sold at $60,000, you failed?

"Crypto is a Ponzi scheme."

What is your definition of a Ponzi scheme?

Because you're not applying the actual defintion appropriately:

"Bitcoi7n is now and always has been a Ponzi scheme. Those at the top of the pyramid get rich; th4ose at the bo5ttom end up with nothing of value."

The quoted statement is an opinionated characterization and does **not** fit standard definitions of what Bitcoin is, nor of a Ponzi scheme in the legal/regulatory sense. [en.wikipedia](en.wikipedia.org)

## What "Bitcoin" Is, By Definition

Bitcoin is typically defined as a decentralized digital currency and payment system that operates on a peertopeer network using a public ledger called a blockchain. It has a protocol (rule set) governing issuance, transaction validation, and consensus, and those rules are transparent and not controlled by a central organizer promising returns. [coinbase](www.coinbase.com)

## What A Ponzi Scheme Is

Regulators such as the U.S. SEC define a **Ponzi** scheme as an investment fraud in which returns paid to existing investors come from funds contributed by new investors, not from legitimate profitgenerating activity. Hallmarks include a central operator, promises of high or guaranteed returns with little or no risk, and reliance on continuous new inflows to pay earlier participants. [kkc](kkc.com)

## Why The Statement Doesn't "Fit" The Definition

The statement calls Bitcoin "now and always ... a Ponzi scheme" and describes it as a pyramid where those at the top get rich and those at the bottom end up with nothing. That is a **valueladen claim** about outcomes and fairness, not a definitional description matching regulatory elements such as a central organizer promising investment returns funded directly by later investors. Whatever one's criticism of Bitcoin's volatility or wealth distribution, those criticisms do not, by themselves, satisfy the formal definition of a Ponzi scheme. [sec](www.sec.gov)

So maybe be a little more specific about your definition of Ponzi scheme next time and you possibly won't look so clueless.

" those criticisms do not, by themselves, satisfy the formal definition of a Ponzi scheme"

Correct me if I'm wrong: At the END of the equation, no money is left.

#41

That's an oversimplification:

The response "At the END of the equation, no money is left" is not accurate as a defining property of Ponzi schemes, and it also does not correctly describe what happens with Bitcoin or with markets generally. [en.wikipedia](en.wikipedia.org)

## What Happens In A Ponzi Scheme "At The End"

In a classic Ponzi scheme, most investors lose much or all of what they put in, but some early participants may keep profits or be forced to return them in clawback actions. When the scheme collapses, authorities usually seize whatever assets remain and distribute them; there is rarely "no money left" in the literal sense, but overall losses are large and unevenly distributed. [investorclaims](investorclaims.com)

## Why This Doesn't Map Onto Bitcoin

With Bitcoin, there is no central operator collecting and redistributing funds, and units continue to exist and be traded even after price crashes. People can still hold or use bitcoin after a downturn, so it is not the case that, at some terminal moment, all participants are left with literally nothing of value by definition. [fidelitydigitalassets](www.fidelitydigitalassets.com)

## The Claim As A Rhetorical Move

The statement "at the end ... no money is left" functions more as a **rhetorical** way of saying "many people may lose" than as a precise definition. It oversimplifies both how fraudulent schemes unwind and how speculative assets behave, so it does not stand as a correct definitional test for calling something a Ponzi scheme. [brandyaustinlaw](brandyaustinlaw.com)