And in other totally unrelated news:
Crypto coins have extensively been used to rip people off. I see an increase in this if there is further deregulation or promotion of cryptos.
People who believe they can keep up with the pump and dump and come out positive.
And uneducated people. And sometimes both.
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Off-topic (sorry @stojano) but I happen to know three very very regular, normal, average citizen Greek middle/working-class people who bought the trump coin. Two made money, one (the least experienced one) probably lost, now heās hodling hoping for the best. The two who did make money went in with a plan and just held it for a few hours, so itās not really gambling (yes, I said that!).
Edit: in the wise wise words of Homer Simpson (back in the 90s, this show was soooo smart and in tune with the worldā¦), āThe TV said that!ā, donāt underestimate the power of authority. Even in 2025 many people have no idea how easy it is to make a website, a youtube channel, a blog and start projecting your views so they think any media carries SOME authority. Now instead of Joe Blow put in anything said by any rich/powerful/famous and it carries a lot of weight. I mean in the end of the day this is the POTUS weāre talking about!
Lots of shitcoins climb absurdly in their first few hours, then come crashing down when the insiders unload, in fact I know people who go hunting for shitcoins launching (there are literally thousands), putting ~100-200 USDT in the first hours/minutes of the launch and exiting with pretty good returns. NFA, DYOR 
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99.9% of crypto is scam. Either pump and dump (everyone can create a token within hours and via chatgpt find a pseudo utility story for marketing) or premined/preminted like ETH, SOL, XRPā¦ (those are VC bs coins).
I made quite some money with those until I realized how scammy and stupid those are. Only Bitcoin has no such attributes.
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Well, you know, āif itās legalā¦itās moralā is what a dirty dirty Greek politician once said
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Agree. I think Bitcoin is the only crypto I would consider investing in.
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I still think that Bitcoin has exactly the same pump and dump characteristics. Not within hours/days, but within 20-50 years. But as long as we havenāt reached the ādumpā yet, many can still profit - assuming you manage to exit or the ādumpā happens when you are no longer alive.
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I assume itās a very legal and very cool way to transfer bribes. You make something from nothing, sell it for whatever you want to your patrons, the market provides noise and plausible deniability. No scamming required.
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yepā¦ much simpler than funneling it through Ukraine or another USAID targets.
Isnāt that the wrong direction? This would only help to divert government money to your helpers, but not to bring the money to your private account.
Iām not sure about thatā¦ but anyway itās all unconfirmed speculation and rumors (DOGE announcements, Hunter Biden stories etc.).
And the rest?
A case can be made for Bitcoin in the context of the aftermath of 2008. It has since drifted away from its fundamentals (or rather, its user base has shifted from those caring for its fundamentals to people who happily throw them in the toilet because thatās not how they make their awesome gainz) but a case could also be made that several fiat currencies are not doing better (hence, for these people, Bitcoin would be an improvement - though they could also resort to other fiats that are more trustworthy and less volatile - given they have access to them and arenāt prevented from it by their government, of course).
Why did Bitcoin go down today? Itās a bit weird because nothing changed versus today after the strategic reserve announcement
US stocks and the USD are down too, while bonds (at least treasuries, in nominal terms, I havenāt checked other ones and the current exchange rate of the USD takes the gains away from US bondsā¦), the rest of the world and gold are up. My guess is the same investors who put their faith into US stocks also bought Bitcoin in droves.
Why the move isnāt something Iād be willing to bet on, though tomorrow is the date at which Trump should put tariffs on Canada and Mexico if he is to be believedā¦
Sell 'em baby Trump!
Pump and d(r)ump?
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Iām pretty sure the original base is still dominant. Every node countsā¦ still decentralized and ossified. But right, with wall street in game changed quite some behaviors. I see it more from the free market perspectiveā¦ that development will survive, which embodies the original values, because they are superior (trustless exchange of value, decentralized, unconfiscable). Weāll see how it will evolveā¦
What makes me say it has drifted from its fundamentals is that it is now leveraged and banks and brokers can keep it on their balance sheet even if they loose access to their wallets ā there may be paper āBitcoinsā circulating that couldnāt be traded for actual Bitcoins if push came to shove really hard, which could create a crisis of confidence of the same kind fiat currencies know how to do.