General Discussion

Hugin

(37,622 posts)

3. I saw a similar article yesterday...

Fri Feb 6, 2026, 08:15 PM

Friday

“Zero Hold” It said. Basically, don’t have any is what it means.

They said that they were basing their recommendation on, you know, metrics. Saying that crapto is in no way a hedge on the dollar. It has no intrinsic value. Mainly a rehash of what DU’ers have been goin on about FOREVER.

There was one tidbit about the Bitcoin specifically that I wasn’t aware of and that is about 66% of Bitcoin is controlled by ONE ENTITY. (One person.)

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

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

Lochloosa MrsCheaplaugh Wednesdays CaptainTruth

44 replies

= new reply since forum marked as read

Highlight:

As Crash Deepens, Investors Say Bitcoin Is Headed for Zero Dollars [View all] highplainsdem Friday OP

"Farr also criticized the token for being damaging to the environment" YES YES YES!!!!!! AZJonnie Friday #1

Most cryptocurrency does NOT use mining... WarGamer Friday #4

You're correct, I'm mainly ranting about PoW schemes vs. newer PoS ones AZJonnie Friday #16

I get you on crypto. The currency of choice for smugglers, traffickers and terrorists the world over. paleotn Friday #18

Is Bitcoin getting shorted? OAITW r.2.0 Friday #2

I think blind greed backed it, no? NoSheep Friday #20

Stupidity Aviation Pro Friday #23

Like Any Financial Thingy modrepub Friday #25

I'm no financial wizard. But OAITW r.2.0 Friday #28

My younger brother's BD was Oct. 6. OAITW r.2.0 Friday #29

I saw a similar article yesterday... Hugin Friday #3

false. the largest holder of BTC holds 5.5% and hasn't been touched since 2010 WarGamer Friday #5

I'm only repeating what the article said... Hugin Friday #26

any source that claims 60% of BTC is owned by one entity can't be believed about anything WarGamer Saturday #37

It didn't say owned... Hugin Saturday #39

100% false. That's what i proved earlier. WarGamer Saturday #40

Trump's family got out a month ago. Captain Zero Friday #6

When we go to hard lee come about in dominant SE winds.... OAITW r.2.0 Friday #31

*pretends to be surprised* sakabatou Friday #7

A friend has 3 bitcoin at an average price of $1500. CrispyQ Friday #8

She should have sold @$90K. ColoringFool Friday #9

I knew a "libertarian"-type dude (who was never a Trump supporter) cojoel Friday #10

The thing I remember reading about *rump bankrupting casinos was that he made millions on them personally Uncle Joe Friday #11

Oh bronxiteforever Friday #12

I've never understood why something communally owned (prime numbers) dickthegrouch Friday #13

Zero seems like fair value. surfered Friday #14

It's gambling. Nothing behind it at all. Joinfortmill Friday #15

"Bad Money Drives Out Good." BurnDoubt Friday #17

Mining it requires copious amounts of energy and water. ToxMarz Friday #19

Now you can buy Boardwalk OR Park Place, but not both. Orrex Friday #21

It was always a ponzi scheme built on theoretical sand. Ford_Prefect Friday #22

Tulips cate94 Friday #24

Full disclosure Gore1FL Friday #27

There are a lot of artificial inputs into the Cyrptoverse. OAITW r.2.0 Friday #34

I agree. Gore1FL Friday #35

That's a feature! OAITW r.2.0 Friday #36

Crypto... A volatile, unstable, wishful 'currency' with no assets or gov't support backing it. Norrrm Friday #30

It's always interesting the folks who are into crypto. BannonsLiver Friday #33

Will be buying XRP here and masmdu Friday #32

I'm hoping for a 1929-1933 redux. roamer65 Saturday #38

It does the same thing every 3-4 years awesomerwb1 Saturday #41

It's up about 5% since Richard Farr's pronouncement. LudwigPastorius Saturday #42

Bitcoin is 2 years older than the iphone. Old Crank Saturday #43

There certainly are jmowreader Saturday #44