Posts like this are genuinely entertaining for me. We’re so early.
Putting this in the beginners territory, for any beginners who want practice debunking these noob level takes.
Personally, I’m chuckling at the fact that so many of us would be overjoyed to buy bitcoin at a discount again. lol.
Post is pasted below, here’s the link to it. Smash that follow button, plebs 😂
🔴 BITCOIN: ALL THAT GLITTERS IS NOT GOLD 🔴
🔍 Introduction:
I have to be blunt: the hype around Bitcoin being a "safe-haven" asset is dangerously misleading. Sure, it sounds good—the idea of a digital gold that can protect your wealth. But when you look at the reality, it’s an entirely different story. Over the past 7 years, Bitcoin has dropped more than 50% FIVE TIMES. Compare that to the S&P 500—considered a "risky" asset—which has only experienced that level of correction FIVE times in the last 100 years. Ask yourself: Does this really sound like an asset you want to put your hard-earned money in? If you read this far it’s probably NO!
📈 The Bitcoin Dilemma:
I’ve been following Bitcoin for years, and I’m seeing a deeply troubling pattern. People want it both ways: they dream of Bitcoin soaring 10% in a single day, filling their pockets overnight, but they also want it to act like gold—a steady, reliable asset to turn to in times of crisis. But here’s the reality: Bitcoin is wild and unpredictable. It can rocket to the moon, yes—but it can also plummet down like a stone. If you're in this for the long haul, you’re in for a rollercoaster ride that could have you reaching for the valium.
🚨 The "Line of Death":
I’ve been watching Bitcoin’s price since 2017, and I see a chilling pattern. It repeatedly hits a "line of death"—and when it does, disaster strikes. In 2018, it fell 84%. In mid-2021, it dropped 56%. Again, in 2022, it plunged another 78%. Last month, Bitcoin hit that exact same line again, and if history repeats itself, we’re looking at a potential 73% drop—taking Bitcoin’s price down to around $30,000. That’s a steep fall from its recent high of $108,000. Imagine the pain that could bring to investors who thought they were in dreamland, only to watch their wealth go up in a puff of smoke.
⏳ The Coming Storm:
I know some people are convinced Bitcoin will reach $200,000 this year, but history and technical analysis suggest a very different picture. Bitcoin has always corrected hard after hitting the “line of death”. If you’re holding on to Bitcoin, you might want to ask yourself: are you prepared to lose all you have gained?
⚠️ Why I’m Sounding The Alarm:
With the U.S. facing the real possibility of a recession in 2025, and Bitcoin’s history of plummeting during market turmoil (don’t forget the 63% drop during Covid), it’s time to be honest with ourselves. Bitcoin is not the secure asset it’s been made out to be. If you’re still betting the farm on it, you might want to seriously think again. Don’t let the hype and promises of easy riches fool you. The crash could be coming a lot sooner than you think.