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Comment by coolspot | Hacker News Reader

Eventually, it will crash all the way down and will be mostly forgotten.

This “crash” however is unlikely to be the beginning of it.

At this point the end of human civilization and the end of the chain of technologies that began with Bitcoin probably will be the same event.

As long as the chain of technologies that began with Bitcoin doesn't hasten the end of human civilization (cryptocurrency mining is consuming ever more and more of the world's resources, pyramid scheme collapses have led to war in the past[0], etc.)

[0] https://en.wikipedia.org/wiki/Albanian_Civil_War

I would say next proper stock market crash. Now when will that happen is not easy question, but I'm certain something will happen at some point.

Three scenarios might make it crash:

1. Big institutional investors (Tesla, Microstrategy) pull out or face crashing their stock as well - they bought Bitcoin directly or indirectly with borrowed money https://www.youtube.com/watch?v=st3KJN_DzCg

2. Crypto community panics and claim their money en masse

3. "Satoshi" and other insiders secretly cash out

Since it is mainly a stakeholder manipulated market, regulation had not much impact so far...

As long as the narrative keeps perpetuating belief & demand, it will live.

I suspect Tesla used bitcoin as an "indirect stock buyback" like microstrategy's CEO did to cause the short squeeze. Both are manipulating the market using crypto.

1-hr interview youtube video above of Michael Saylor with Fox's Tucker Carlson where he bragged about doing this removed recently- VERY SUSPICIOUS.

Fount it: manipulation @45:37 https://youtu.be/wdJFeSY8UVk?t=2737

Wait are you making a case for or against Bitcoin?

The crypto community selling out after all the years of "hodl"? I would pay to see that!

Satoshi "secretly" cashing out....what? How could that even happen it's literally impossible for those coins to move. Maybe Satoshi simply sells his private key off-chain, is that what you mean?

I am neither...there is so much hidden behind the curtains, I just focused on what will most likely affect the price, irrelevant of the product itself

Ah nice, we need more of that. I try to take that stance myself as well. First principles etc etc.

What makes it "literally impossible" for those coins to move? I think it is incredibly unlikely but don't see why it is impossible.

Oops left out a word: it's literally impossible for those coins to move in secret. Public ledger and all. Does that answer your question?

I don't think his point is that he will move them secretly, that's why he put quotes around, which I understand as just not publicly announced, or let's say, discreetly. The point is that if Satoshi starts selling, that's enough to start a crash considering how many BTC he has.

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