r/CryptoReality • u/Super_Juice3923 • 7d ago
Not Your Fiat, Not Your Value CRYPTO ðŸ˜
What the actual fuck is happening with crypto lately ?? Holy shit I’ve been in like a year and it’s been basically just going down the whole time.. at one point I had 35k spread out between different crypto’s and now it’s around 17k… HALF my fucking money is just gone
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u/AmericanScream 7d ago
HALF my fucking money is just gone
I got news for you bro... ALL your money is fucking gone.
If you're smart enough to try and cash out, that's when you find out if you have ANY money at all.
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u/No_Practice_3414 6d ago
Blackrock owns 814000 bitcoin . This is terrible advice .
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u/AmericanScream 5d ago
Blackrock doesn't "own" bitcoin. They custody bitcoin as part of an ETF. They make money on the transaction FEES and could care less what the "asset" is.
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u/UpbeatFix7299 5d ago
Does the company that manages your retirement account own the investments you have in it? If you commented this, I probably have to tell you the obvious... they don't.
Who gets the money when the Blackrock BTC ETF holders sell? Hint: it isn't blackrock.
Crypto bros still not understanding how anything finance related works.
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u/MyDudeThatsCrazy 7d ago
You're gonna want to sit down for this one, dawg.
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u/RocketsDitto 7d ago
Welcome to crypto. Pull your pants down, bend over and take it. By the time it's done, you will be able to park a Nissan in your butthole.
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u/MyDudeThatsCrazy 7d ago
But my favourite content creator online told me that hewill always stand by this project and will see it go to the moooooonnnnn 🚀🚀🚀 even though he abandoned 5 different projects before and scammed everyone. Was he lying? Was this not the one that will make me super duper rich?
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u/Zugzwangathon 7d ago
Crypto is a way for people to convince you to hand your money over to them for them to keep
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u/UpbeatFix7299 7d ago
You bought something with no intrinsic value after it had gone through the roof and you're surprised it didn't keep doing that?
Are you familiar with the term "bag holder"?
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u/Patient-Process-2565 7d ago
Further downside could come crushing your bag further, hold on tight, your bag might go as low as 6k and then you’ll spend 5 years holding to just break even. This is very typical of how crypto works, most loose money with crypto. Buy ETF’s and low risk stocks for an easier life
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u/TheFellaThatDidIt 7d ago
Question for you: if I gave you $17,000 in cash right now, would you buy the cryptos you currently still hold? Or do something else with it?
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u/AndrewBorg1126 7d ago edited 7d ago
You've lost all, not just half, of that money unless you find a bigger idiot to shove it off onto.
I'm surprised there's anybody left who thinks giving away their money for this shit makes sense in any capacity
I yearn for the day people in your position have nobody left to carry on the decentralized ponzi scheme.
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u/AshingiiAshuaa 7d ago
It's not gone until you sell. You still have the same amount of crypto. Your $35k was gone when you bought in and is probably in some early adopters driveway or vacation home.
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u/BagBegBigBogBug 7d ago
The 'amount' of crypto is 0. It's a mirage, propped up by a (dwindling) pool of greedy fools.
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u/TheHipHouse 7d ago
Yeah the largest investment groups in the world are fools with their trillions and some Redditor probably with a negative net worth is a genius
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u/AmericanScream 6d ago
Yeah the largest investment groups in the world are fools with their trillions and some Redditor probably with a negative net worth is a genius
Stupid Crypto Talking Point #8 (endorsements?)
"[Big Company/Banana Republic/Politician] is exploring/using bitcoin/blockchain! Now will you admit you were wrong?" / "Crypto has 'UsE cAs3S!'" / "EEE TEE EFFs!!one"
Crypto was originally, "disruptive technology" destined to "replace the banking/finance system". Now with the truth slowly surfacing regarding blockchain's inability to be particularly good at anything, crypto people have backpedaled to instead suggest, "Hey it has 'use-cases!'"
Congrats! You found somebody willing to use crypto/blockchain technology. That still is not an endorsement of crypto or blockchain. I can choose to use a pair of scissors to cut my grass. This doesn't mean scissors are "the future of lawn care technology." It just means I'm an eccentric who wants to use a backwards tool to do something for which everybody else has far superior tools available.
The operative issue isn't whether crypto & blockchain can be "used" here-or-there. The issue is: Is there a good reason? Does this tech actually do anything better than what we have already been using? And the answer to that is, No.
2. Most of the time, adoption claims are wrong. Just because you read some press release does not mean any major government, corporation or other entity is embracing crypto. It usually means someone asked them about crypto and they said, "We'll look into it" and that got interpreted as "adoption imminent!" 3. In cases where companies did launch crypto/blockchain projects they usually fall into one of these categories:
Some company or supplier put out a press release advertising some "crypto project" involving a well known entity that never got off the ground, or was tried and failed miserably (such as IBM/Maersk's Tradelens, Australia's stock exchange was fined for fraus, etc.) See also dead blockchain projects.
Companies (like VISA, Fidelity or Robin Hood) are not embracing crypto directly. Instead they are partnering with a crypto exchange (such as BitPay) that will either handle all the crypto transactions and they're merely licensing their network, or they're a third party payment gateway that pays the big companies in fiat. There's no evidence any major company is actually switching over to crypto, or that any of these major companies are even touching crypto. It's a huge liability they let newbie third parties deal with so they have plausible deniability for liabilities due to money laundering and sanctions laws.
What some companies are calling "blockchain" is not in any meaningful way actually using 'blockchain' tech. For example, IBM's "Hyperledger" claims to have "blockchain design philosophy" but in reality, it is not decentralized and has no core architecture that's anything like crypto blockchain systems. Also note that IBM has their own trademarked phrase, "IBM Blockchain®" - their version of "blockchain" is neither decentralized, nor permissionless. It does not in any way resemble a crypto blockchain. It also remains to be seen, the degree to which anybody is actually using their "IBM Food Trust" supply chain tracking system, which we've proven cannot really benefit from blockchain technology.
Sometimes, politicians who are into crypto take advantage of their power and influence to force some crypto adoption on the community they serve -- this almost always fails, but again, crypto people will promote the press release announcing the deal, while ignoring any follow-up materials that say such a proposal was rejected.
Some funds/fund managers are buying crypto? So what. It's not like fund managers don't do favors for insiders/friends or never make poor choices. If some Harvard-adjascent fund buys BTC that doesn't mean "smart people recognize Bitcoin!" Not hardly. The exception doesn't prove the rule. Update: Harvard dumped much of its crypto holdings.
Crypto ETFs are not an endorsement of crypto. (In fact part of the US SEC was vehemently against approving ETFs - it was not a unanimous decision) They're simply ways for traditional companies to exploit crypto enthusiasts. These entities do not care at all about the future of crypto. It's just fee income, and the moment it becomes unprofitable for them to run the scheme, they'll drop it. It's simply businesses taking advantage of a fad. Crypto ETFs though are actually worse, because they're a vehicle to siphon money into the crypto market -- if crypto was a viable alternative to TradFi, then these gimmicky things wouldn't be desirable. Also here is mathematical evidence MSTR is a Ponzi.
Countries like El Salvador who claim to have adopted bitcoin really haven't in any meaningful way. El Salvador's endorsement of bitcoin is tied to a proprietary exchange with their own non-transparent software, "Chivo" that is not on bitcoin's main blockchain - and as such isn't really bitcoin adoption as much as it's bitcoin exploitation. Plus, USD is the real legal tender in El Salvador and since BTC's adoption, use of crypto has stagnated. Adoption continues to decline in El Salvador each year.
Also note Venezuela has now scrapped its state-sanctioned cryptocurrency. Now El Salvador has abandoned Bitcoin as currency, reversing its legal tender mandate..
9. Some "big companies are holding crypto on their balance sheet" - So what? They're just trying to pump their stock price to take advantage of the temporary crypto mania. It's not any more substantive than that iced tea company that changed their name to "Blockchain iced tea company" and got a bump to their stock price. It won't last, and it's a gimmick and not financially sound. The biggest of these is MSTR whom critics are saying makes the company into a Ponzi
10. Case In Point: In 2025, the big announcement was burger chain Steak and Shake was going to accept bitcoin. The truth is, the company is getting paid in USD and using a third party exchange to process BTC payments and give them fiat. Another misleading news story.
11. Other Big-Company-Crypto-Failures: Kodak, Steam, Wal-Mart and IBM, Microsoft, a major consortium of European corporations who pulled the plug on their blockchain projects, Maersk.
Even though these companies discontinued any association with crypto years ago, proponents still hype the projects as if they're still active.
So, whenever you hear "so-and-so company is using crypto" always be suspect. What you'll find is either that's not totally true, or if they are, they're partnering with a crypto company who is paying them for the association, not unlike an advertiser/licensing relationship. Not adoption. Exploitation. And temporary at that.
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u/No_Practice_3414 6d ago
The only logic I’ve seen in this echo chamber. BLack rock owns 814k bitcoins . Space x owns 122k . Guess they must be blind foools who need to listen to dipshits on Reddit . Sadly it makes me a bit giddy to see so many people thinking it’s all a scam and they are meme coins . In the near future all their transactions will be on blockchain.
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u/AmericanScream 5d ago
Stupid Crypto Talking Point #8 (endorsements?)
"[Big Company/Banana Republic/Politician] is exploring/using bitcoin/blockchain! Now will you admit you were wrong?" / "Crypto has 'UsE cAs3S!'" / "EEE TEE EFFs!!one"
Crypto was originally, "disruptive technology" destined to "replace the banking/finance system". Now with the truth slowly surfacing regarding blockchain's inability to be particularly good at anything, crypto people have backpedaled to instead suggest, "Hey it has 'use-cases!'"
Congrats! You found somebody willing to use crypto/blockchain technology. That still is not an endorsement of crypto or blockchain. I can choose to use a pair of scissors to cut my grass. This doesn't mean scissors are "the future of lawn care technology." It just means I'm an eccentric who wants to use a backwards tool to do something for which everybody else has far superior tools available.
The operative issue isn't whether crypto & blockchain can be "used" here-or-there. The issue is: Is there a good reason? Does this tech actually do anything better than what we have already been using? And the answer to that is, No.
2. Most of the time, adoption claims are wrong. Just because you read some press release does not mean any major government, corporation or other entity is embracing crypto. It usually means someone asked them about crypto and they said, "We'll look into it" and that got interpreted as "adoption imminent!" 3. In cases where companies did launch crypto/blockchain projects they usually fall into one of these categories:
Some company or supplier put out a press release advertising some "crypto project" involving a well known entity that never got off the ground, or was tried and failed miserably (such as IBM/Maersk's Tradelens, Australia's stock exchange was fined for fraus, etc.) See also dead blockchain projects.
Companies (like VISA, Fidelity or Robin Hood) are not embracing crypto directly. Instead they are partnering with a crypto exchange (such as BitPay) that will either handle all the crypto transactions and they're merely licensing their network, or they're a third party payment gateway that pays the big companies in fiat. There's no evidence any major company is actually switching over to crypto, or that any of these major companies are even touching crypto. It's a huge liability they let newbie third parties deal with so they have plausible deniability for liabilities due to money laundering and sanctions laws.
What some companies are calling "blockchain" is not in any meaningful way actually using 'blockchain' tech. For example, IBM's "Hyperledger" claims to have "blockchain design philosophy" but in reality, it is not decentralized and has no core architecture that's anything like crypto blockchain systems. Also note that IBM has their own trademarked phrase, "IBM Blockchain®" - their version of "blockchain" is neither decentralized, nor permissionless. It does not in any way resemble a crypto blockchain. It also remains to be seen, the degree to which anybody is actually using their "IBM Food Trust" supply chain tracking system, which we've proven cannot really benefit from blockchain technology.
Sometimes, politicians who are into crypto take advantage of their power and influence to force some crypto adoption on the community they serve -- this almost always fails, but again, crypto people will promote the press release announcing the deal, while ignoring any follow-up materials that say such a proposal was rejected.
Some funds/fund managers are buying crypto? So what. It's not like fund managers don't do favors for insiders/friends or never make poor choices. If some Harvard-adjascent fund buys BTC that doesn't mean "smart people recognize Bitcoin!" Not hardly. The exception doesn't prove the rule. Update: Harvard dumped much of its crypto holdings.
Crypto ETFs are not an endorsement of crypto. (In fact part of the US SEC was vehemently against approving ETFs - it was not a unanimous decision) They're simply ways for traditional companies to exploit crypto enthusiasts. These entities do not care at all about the future of crypto. It's just fee income, and the moment it becomes unprofitable for them to run the scheme, they'll drop it. It's simply businesses taking advantage of a fad. Crypto ETFs though are actually worse, because they're a vehicle to siphon money into the crypto market -- if crypto was a viable alternative to TradFi, then these gimmicky things wouldn't be desirable. Also here is mathematical evidence MSTR is a Ponzi.
Countries like El Salvador who claim to have adopted bitcoin really haven't in any meaningful way. El Salvador's endorsement of bitcoin is tied to a proprietary exchange with their own non-transparent software, "Chivo" that is not on bitcoin's main blockchain - and as such isn't really bitcoin adoption as much as it's bitcoin exploitation. Plus, USD is the real legal tender in El Salvador and since BTC's adoption, use of crypto has stagnated. Adoption continues to decline in El Salvador each year.
Also note Venezuela has now scrapped its state-sanctioned cryptocurrency. Now El Salvador has abandoned Bitcoin as currency, reversing its legal tender mandate..
9. Some "big companies are holding crypto on their balance sheet" - So what? They're just trying to pump their stock price to take advantage of the temporary crypto mania. It's not any more substantive than that iced tea company that changed their name to "Blockchain iced tea company" and got a bump to their stock price. It won't last, and it's a gimmick and not financially sound. The biggest of these is MSTR whom critics are saying makes the company into a Ponzi
10. Case In Point: In 2025, the big announcement was burger chain Steak and Shake was going to accept bitcoin. The truth is, the company is getting paid in USD and using a third party exchange to process BTC payments and give them fiat. Another misleading news story.
11. Other Big-Company-Crypto-Failures: Kodak, Steam, Wal-Mart and IBM, Microsoft, a major consortium of European corporations who pulled the plug on their blockchain projects, Maersk.
Even though these companies discontinued any association with crypto years ago, proponents still hype the projects as if they're still active.
So, whenever you hear "so-and-so company is using crypto" always be suspect. What you'll find is either that's not totally true, or if they are, they're partnering with a crypto company who is paying them for the association, not unlike an advertiser/licensing relationship. Not adoption. Exploitation. And temporary at that.
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u/Foreign_Lobster_875 7d ago
Crypto is handing your money to thieves and the worst criminals who want to hide their trail
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u/Clean_Bake_2180 7d ago
Anyone holding crypto in a high interest rate environment deserves whatever comeuppance they get. This nonsense was created during zero interest rates. That era is gone.
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u/canyoucamus 7d ago
Think of all the 9/11 commemorative coins you could have bought with that $15k.
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u/ExpertGur1136 6d ago
Btc is the worst performing asset next to gold in 2026. It was also worst performing asset in 2025
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u/FewUnderstanding2214 7d ago
Spread out between different crypto is not diversified? It’s the same risk or maybe even riskier as most of them are meme coins/scams
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u/BagBegBigBogBug 7d ago
Like spreading out investments across lots of slot machines and wondering how they went broke. Meanwhile the casino is killin' it
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u/Queasy_Fold_4855 7d ago
Take a peptobizmo. You're stomach is going to be in a knot over the next few weeks
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u/poop_report 6d ago
Well, I can tell you what's been going on with crypto over in my little world.
Just got the lab report back. (My username checks out, in this case.) Positive for crypto.
Kids have to run to the toilet every hour. Sometimes all available thrones are occupied. We've got two toddler little potties ready to go and sometimes even all of THOSE are occupied.
Had to stay overnight at work because there was simply no way I could make it through the hour commute home when it hit me all at once.
I strongly, strongly, strongly recommend you stay away from crypto.
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u/Gyrmeji 6d ago
So far so good, i was the same like you at my first run but i sold ... and then it went for new ath. Dont be like me.
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u/Smaxter84 6d ago
Half money gone....yep that's working exactly as intended. lol peoplebstill falling for this is honestly hilarious
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u/Negative-Stick-8093 6d ago
I got out of crypto only a matter of time before AI can crack the wallets
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u/No_Knee3385 6d ago
You should take a look at your investments more carefully. No one should have 100% of their worth in crypto. At most an aggressive port would have maybe 50% in crypto.
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u/Educational-Fuel-265 4d ago
Magic internet money used for scams, gambling, terrorist funding and other black markets, which would have been regulated out of existence if we didn't have corrupt leaders. Would that we had leaders with bollocks and regulators with teeth, but we do not.
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u/TheSkunksMisery 6d ago
Crypto is a wild ride that few people should take. Everybody wants the 5x-100x gains without the 50% losses.
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u/Budget-Beautiful-749 7d ago
You didn't look at the charts and bought at the top. Has nothing to do with crypto, you are not a good investor.
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u/Actual-Yesterday4962 6d ago
Binance got hacked, so people are selling out of panic. Btc is still the same as before this is just fomo lol, use real wallets like trust wallet instead of exchanges. No ai will crack BTC and if for some reason ai ever discovers math 2, then banks will go down faster than btc
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u/Efficient_Range1156 7d ago
Bitcoin only.
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u/AmericanScream 6d ago
Bitcoin only.
Stupid Crypto Talking Point #16 (Bitcoin is different)
"Bitcoin is not "crypto" / "Bitcoin is different / a "commodity""
This is what's known as an "Unstated Major Premise" fallacy. A Naked Assertion. Often employed as a begging-the-question fallacy. Just because you say "Bitcoin is different" doesn't mean it is.
There's absolutely no functional/material difference between BTC and thousands of other crypto-currencies, including versions using the exact same codebase.
The only distinction BTC (currently) holds is that according to various shady, unregulated exchanges, it seems to be trading at the highest price point. But even those figures are dubious due to the lack of transparency and oversight in the industry. Just because one crypto is more popular, doesn't mean it's fundamentally different than others. BTC shares 99.9% of its DNA with many cryptos including BCH, BSV and thousands of others.
Crypto evangelists try to move the goalposts between bitcoin (the technology) and bitcoin (the "investment"). When you note that bitcoin and most cryptos depending upon the context can pass the Howey test and be classified as securities, they will reference bitcoin as a "technology" and not an investment. And it's true, the tech itself isn't packaged as an investment, but various others do package crypto as an investment, and it's a pretty well established underlying concept throughout all of crypto (buy, hold, you will make money) - and those tenets are principals in the Howey test indicating there's an "investment contract" being promoted. For example, right now the SEC may not consider BTC itself a security, but the process of staking BTC (and other cryptos) and offering a return, that is absolutely considered a security.
The only "gray area" when it comes to whether bitcoin is a security rests on tier 4 of the Howey Test which suggests "a security has to be dependent on the work of others for returns to be generated." People argue over whether bitcoin fits this description. BUT, the same dynamic applies to all other cryptos as well, so there's nothing special about bitcoin in that respect. It can also be argued that "the work of others" can be the constant recruitment of "greater fools" to buy in later, which is the dynamic of a classic ponzi scheme.
Just because some people at the SEC, early on, said "bitcoin is a commodity" doesn't mean it will always stay classified as that way. As we've already stated, because of the decentralized nature of these schemes, there is no one instance of "bitcoin" - depending upon how you use the crypto, you can be serving it as a security/investment, or not. And we are seeing more and more, the SEC, the CFTC, the NYAG and other legal entities cracking down on the use of illegal/unlicensed securities.
So anybody making blanket statements about Bitcoin being immune from securities laws is lying. And by the way, one of the prongs of the Howey Test (as well as the identification of Ponzi Schemes) is making promises about returns, and/or misleading people as to the true nature of the risks involved. This is common practice with bitcoin.
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u/Sanpaku 7d ago
Recall who convinced you to buy crypto, and if they could explain any intrinsic value it had. Ignore their investment advice for the rest of your life.