Quote from: d5000 on Today at 01:24:05 AM

Quote from: Darker45 on August 22, 2025, 10:00:39 AM

This is probably the prevailing thought right now. It will only be different if these huge names backing Bitcoin themselves are the ones dumping.

And imo if some thought is too "prevailing" or popular this could generate a certain risk: if contrarian traders (think those who dumped Terra/Luna and BTC when they were aware of the vulnerabilities of their algorithm) see a chance to bring one of the treasury companies into problems, then this could generate such a "huge name dump" via a chain reaction. I consider this relatively unlikely but not impossible: say they attack the weakest of the treasury companies while also shorting BTC, and then distributing the narrative that "Bitcoin Treasuries don't work", bringing also bigger treasury companies into problems (maybe not Saylor but the second tier).

Meaning, they collude with each other just to bring a certain company down? Indeed, that sounds relatively unlikely.

Contrarian traders are categorized as such because they belong to the minority. They don't get to dictate the narrative. What's prevailing they won't be able to easily replace. At most, if a chain reaction follows, then something similar to the Terra/LUNA effect on Bitcoin might happen. The price lost around 50%. But that was temporary. The market was able to fully recover a year later.

In the end, however, the reason to dump LUNA was based on legitimate concerns. It wasn't driven by a mere contrarian thought, or the simple urge to prove a prevailing trend wrong.

And, going back to the point, if it didn't kill Bitcoin at $30,000, the more it won't at $120,000. Bitcoin is much bigger now. But it's not because it's too big to die. It just doesn't die.