Crypto hoarders dump tokens as shares tumble
27 comments
·November 27, 2025bix6
jmount
You would need a mechanism to extract that value- i.e. the ability to strip the company apart for parts. Buying a non-controlling portion of shares doesn't give you that ability.
the__alchemist
I'm seeing a 2% decline in Bitcoin prices over a year, and up 410% over 5 years. Tumbles if you're day-trading. It gets old hearing this regularly over the past 10 years.
mise_en_place
This is unsurprising. Maxis won't care, because in theory they don't care about the price. The only people complaining about this are those who bought at the top and made unsound financial decisions.
If you couldn't tell the majority of crypto influencers were foreigners before Twitter/X disclosed their location, I don't know what to tell you.
stevenalowe
At some point one must expect to run out of bigger fools
wmf
They're being born every minute though.
DaiPlusPlus
krackers
There was some HN article a month back about how all types of gambling: sports gambling, prediction markets, etc. are becoming more popular. All of this presumably downstream from a felt perception of economic malaise and nihilistic sense of resignation.
zerosizedweasle
I just want out. I don't know how to put this but at the deepest level what's happening right now is making me sick. So many people below the poverty line barely making it by and then you have this stuff and Wallstreet Bets. Michael Saylor tops them all. Decadent and depraved. S&P at all time records and SNAP benefits not being renewed. I hate it here.
DaiPlusPlus
> So many people below the poverty line barely making it by and then you have this stuff and Wallstreet Bets.
I agree the juxtaposition demonstrates how callous our society is - but would you agree that these are two entirely independent things, though? (i.e. we could have eliminated poverty while still having irrationally overpriced BTC; or maybe in the future when BTC's value eventually reverts back to 2 pizzas we will still have poverty and destitution.
zerosizedweasle
In theory that would be great, but that isn't what is happening, it's getting progressively more debauched year after year. I'm not saying Stalinism or nothing, but I don't see the people with power doing anything beyond helping out the already wealthy. It's grotesque.
satvikpendem
There's a subreddit called exactly that, r/iwantout. Turns out the grass is not actually greener on the other side, because, for many people, wherever you go, there you are, as the saying goes.
zerosizedweasle
I don't expect it to be better, it's just soul crushing to see this happen in the place I grew up. Soul destroying. It's such a let down on a whole society scale. Maybe I would be less emotionally attached to what is going on somewhere else. This all just makes me feel like vomiting.
chris_wot
Be careful, the grass is greener in other countries, but not perfect. I feel sorry if you live in the U.S.
slashdave
The whole point of the crypto market is decentralization. So who do you want to act?
wmf
The whole point of the government is to ban harmful externalities like crypto speculation.
christophilus
That’s not the point of the government.
zerosizedweasle
I mean this less about crypto directly and more about the current state of the economy and society. The K economy with the top living in over the top decadence while below it's living day to day, barely getting by for a huge number of people. Bitcoin hoarders are just the most glaring symbol of that.
Computer0
The only way out is through direct action.
King-Aaron
Ask the dragon nicely to give up it's gold
zerosizedweasle
Yeah, but it feels like shouting into the void.
napierzaza
[dead]
If a company’s crypto holdings are worth more than its market cap wouldn’t that mean I should buy the stock as its enterprise value is higher than its current market cap? Unless of course it’s saddled with debt which this article alludes to but doesn’t explain since most of the purchases seem to be for share buy backs?