Bitcoin is down over $5,000 this morning

[CrazyTrader55]

OUCH!

Somebody wins, somebody loses.

 

[OhPleaseJustQuit]

OUCH!

Somebody wins, somebody loses.

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And gold and silver are up.

.

 

[White 6]

OUCH!

Somebody wins, somebody loses.

Farmers are part of the losers, again.
Cattle and hog markets continue to drop.

So, are grain prices for producers, though grocery prices continue to rise.

 

[Invisibleflash]

OUCH!

Somebody wins, somebody loses.

Bitcoin is good for getting $ out of a country and for gambling. That is it. And the way it has been going, better cash in fast once you escape a country with your bitcoin.

 

[CrazyTrader55]

Farmers are part of the losers, again.
Cattle and hog markets continue to drop.
View attachment 1189456
View attachment 1189457
So, are grain prices for producers, though grocery prices continue to rise.
View attachment 1189458
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View attachment 1189461

Cattle is down not even 1/2 of one percent.

 

[White 6]

Cattle is down not even 1/2 of one percent.

Oh, boy.

 

[CrazyTrader55]

Oh, boy.
View attachment 1189471
View attachment 1189469

Is this an anti-Trump posting? I'm not sure what you're saying. OK - Cattle is down, the question is why is it down? People switching to chicken?

If it's tariff related, shouldn't the price of beef have gone up, not down?

 

[White 6]

Is this an anti-Trump posting? I'm not sure what you're saying. OK - Cattle is down, the question is why is it down? People switching to chicken?

If it's tariff related, shouldn't the price of beef have gone up, not down?

Just economics. Farmers screwed, supposedly controlling the resource, where the middlemen, make the profits, and costs of production continue to rise due to input costs, and many markets manipulated for political benefit by big government.

 

[Meister]

I haven't a clue on how bitcoin/crypto currency even works.
A leap of faith when investing in it?

 

[1srelluc]

Just economics. Farmers screwed, supposedly controlling the resource, where the middlemen, make the profits, and costs of production continue to rise due to input costs, and many markets manipulated for political benefit by big government.
View attachment 1189473

The USDA data from October 2025 shows that feed costs have averaged $9.38 per hundredweight, down from the peaks of $12+ in 2022-2023. Despite this decrease, operations from Wisconsin to California report tighter margins than during the height of feed inflation. The reasons behind this include a 20% increase in labor costs, a 23% rise in equipment expenses, and cooperative deductions that can reach $2-3 per hundredweight. These factors have made it challenging for farmers to achieve the expected profitability despite the reduced feed costs.


A couple weeks back the girl at the local co-op told me feed prices were down.

Reading the above in blue, if true, tells me someone in "farmerland" is full of shit.

Please to tell me when farmer did not ***** about their lot in life?

Standing there next to their new F350 and whining "I buy at retail and sell at wholesale" makes me want to puke coat hangers.

 

[August West]

I haven't a clue on how bitcoin/crypto currency even works.
A leap of faith when investing in it?

I have no idea how it works either and I don`t want to know or care.

 

[CrazyTrader55]

I have no idea how it works either and I don`t want to know or care.

Bitcoin's nothing more than a gamble, and I've never touched it. Its supporters will tell you it's undervalued and going to $200k. Detractors and skeptics will say it's going to $0.

 

[1srelluc]

Bitcoin's nothing more than a gamble, and I've never touched it. Its supporters will tell you it's undervalued and going to $200k. Detractors and skeptics will say it's going to $0.

Correct me if I'm wrong but 5K swings in Bitcoin are pretty "normal" aren't they?

5K swings in Bitcoin are considered normal within the context of the cryptocurrency market. Recent analyses indicate that Bitcoin's price fluctuations, including significant dips, are part of its established volatility patterns. For instance, a recent pullback of about 6% is only slightly deeper than the average weekly drawdown of approximately 3.8%, which aligns with Bitcoin's historical behavior. Additionally, many analysts suggest that these price swings are typical during bull markets, as they often serve as consolidations rather than trend reversals. Overall, the current phase of Bitcoin's price movements is seen as a natural part of its market dynamics, rather than a cause for alarm.

bitcoinworld.co.in

At least AI says it is....Damned if I know.

 

[dblack]

Correct me if I'm wrong but 5K swings in Bitcoin are pretty "normal" aren't they?

Yup. And every time we see one, naysayers predict doom and gloom. But investors buy the dip and we move on. Bitcoin, unlike most investment vehicles, doesn't have any infrastructure in place to buffer swings in the market. So we see the full impact of investor fickleness.

 

[Cassandro]

Bitcoin's nothing more than a gamble, and I've never touched it. Its supporters will tell you it's undervalued and going to $200k. Detractors and skeptics will say it's going to $0.

This could be a move to devalue it prior to massive buy orders. On the other hand, it is running contrary to precious metals. Has Bitcoin lost its luster?

 

[OhPleaseJustQuit]

I haven't a clue on how bitcoin/crypto currency even works.
A leap of faith when investing in it?

.

It's not real. I can't hold it in my hand like I can hold gold and silver.

.

 

[dblack]

It's not real. I can't hold it in my hand like I can hold gold and silver.

You should definitely not buy any.

 

[OhPleaseJustQuit]

You should definitely not buy any.

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I don't have any room for it in my safe. Already full of gold and silver.






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[1srelluc]

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I don't have any room for it in my safe. Already full of gold and silver.






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Reminds me of the old guy that used to run a pawn shop in town. He was a big Civil War collector and I took a two-piece (tongue & wreath) CS belt buckle I dug into him to see if he knew what state it was made in. He told me to come in the back and went and opened his safe.

There were stacks and stacks of old $20.00 gold pieces in there stacked about 15 coins high five rows deep and he started cussing as he moved the piles out of the way to get to a tin box behind them.....Full of Confederate buckles!....Must have been 30 of them in there.....He dug around a bit and came up with the brother to my buckle.

Yep! Made in South Carolina, I thought so!......I bet at today's prices that tin box of buckles would be worth 100K+ given their nice condition and some super rare ones.

 

[Manonthestreet]

OUCH!

Somebody wins, somebody loses.