BONK Crypto Is Going To Explode

[djefferis]

Bonk getting crushed recently.

Cryptos as a whole have been going down for a while now.

What is happening?

Basic economics - fewer buyers and increasing sellers.

Crypto as an asset class is a whole new thing - and loads of people rushed in as they saw others making money and getting rich. Eventually the bubble popped when everyone had what they wanted (or more) and the inflows slowed and others began to sell positions to chase the latest/greatest bubble.

Same thing is happening with silver today - a lot of that crypto money flowed into metals. The thing is so many of these “investors” are drawn to the lowest priced asset. Never understood it - but it’s time proven - penny stocks, crypto, gold vs silver pricing.

Makes zero sense to buy 1000 of something worth 1 cent vs 10 percent of something worth more than $100 for the same price - but owning a 1000 sounds more impressive to some people.

Don’t get me wrong - I believe ETH, SOL and BTC will all be around in a decade and likely higher than they are priced today. I don’t expect to see silver at $75 a decade from now - but maintaining a percentage of funds and trimming the hot trends as they rise and buying the out of favor is the best way to capitalize. As I said earlier - I sold a little of my silver and took some back in junk US coins - the rest is gold and I plan on nibbling at crypto in 2026 with stock profits. But these penny cryptos - it’s a total bubble - just like NFTs - just like all the other .com names a few decades ago.

 

[phillyflyers]

View attachment 81982

Basic economics - fewer buyers and increasing sellers.

Crypto as an asset class is a whole new thing - and loads of people rushed in as they saw others making money and getting rich. Eventually the bubble popped when everyone had what they wanted (or more) and the inflows slowed and others began to sell positions to chase the latest/greatest bubble.

Same thing is happening with silver today - a lot of that crypto money flowed into metals. The thing is so many of these “investors” are drawn to the lowest priced asset. Never understood it - but it’s time proven - penny stocks, crypto, gold vs silver pricing.

Makes zero sense to buy 1000 of something worth 1 cent vs 10 percent of something worth more than $100 for the same price - but owning a 1000 sounds more impressive to some people.

Don’t get me wrong - I believe ETH, SOL and BTC will all be around in a decade and likely higher than they are priced today. I don’t expect to see silver at $75 a decade from now - but maintaining a percentage of funds and trimming the hot trends as they rise and buying the out of favor is the best way to capitalize. As I said earlier - I sold a little of my silver and took some back in junk US coins - the rest is gold and I plan on nibbling at crypto in 2026 with stock profits. But these penny cryptos - it’s a total bubble - just like NFTs - just like all the other .com names a few decades ago.

Silver I can see exploding.

It is a finite asset and it's running out.

China is buying up all it can. Gold too.

I don't think we've seen even close to what silver is going to become.

As for crypto, who knows?

Bitcoin isn't going anywhere for the foreseeable future.

But I was told it was a pyramid scheme so who knows?

One thing for certain and that is the dollar is being devalued constantly by all the printing going on.

As long as the Fed runs things, people are going to look for alternatives.

 

[ktollinche]

I cant figure out how and why people still cling onto their bags.

Outside the top 5 (MAYBE) non-stablecoins, crypto is nothing but a money grab by the devs and the vcs that funded them.
And when the vc money sells out, they become dead coins.

I dont know what is gonna pump next, but I do know which coin will dump next... the one that just pumped.

So the move is to short the coins that pumped.... looking at you zcash!!!

 

[djefferis]

China ain’t buying any silver - they do however control about 70% of the current production.

There used to be a day when the USA was the biggest producer - but environmental regulation and the fact places like China are much more lax when it comes to the nasty byproduct of refining it made them the world leader.

China doesn’t want currency - it wants commodities - things it can use to continue advancing their economy and remain a leader in production of things and silver is integral to that in electronics.

Crypto will remain relevant and in demand due to CONSUMER demand - consumers in developing economies will push to it as it will be a stable currency that allows them to maintain buying power and easily transact with each other. Wait for the next recession and you’ll see crypto adoption and values increase.

But oil and gold will be the places to be in 2026. Once Ukraine settles and Russian oil is welcomed back - OPEC is going to tighten the taps. $85 will be the new norm and as oil rises - so does gold as most oil producing countries take their oil revenue in gold - US Dollars are too hard to spend when your on the outs with their president - but gold is a global currency.

 

[jjgold]

Crypto dead right now

 

[phillyflyers]

China ain’t buying any silver - they do however control about 70% of the current production.

There used to be a day when the USA was the biggest producer - but environmental regulation and the fact places like China are much more lax when it comes to the nasty byproduct of refining it made them the world leader.

China doesn’t want currency - it wants commodities - things it can use to continue advancing their economy and remain a leader in production of things and silver is integral to that in electronics.

Crypto will remain relevant and in demand due to CONSUMER demand - consumers in developing economies will push to it as it will be a stable currency that allows them to maintain buying power and easily transact with each other. Wait for the next recession and you’ll see crypto adoption and values increase.

But oil and gold will be the places to be in 2026. Once Ukraine settles and Russian oil is welcomed back - OPEC is going to tighten the taps. $85 will be the new norm and as oil rises - so does gold as most oil producing countries take their oil revenue in gold - US Dollars are too hard to spend when your on the outs with their president - but gold is a global currency.

AI conversation:
Is China buying silver?
AI response:
AI Overview




Yes, China is actively buying and strategically accumulating vast amounts of silver, driven by massive industrial demand for clean energy (solar, EVs) and tech, plus significant investment demand from its citizens and strategic national reserves, even imposing export controls recently to secure its supply against global shortages and dollar weakness.
Key Reasons for China's Silver Buying:

• Clean Energy & Tech: Silver is crucial for solar panels (around 20g each), electric vehicles (25-50g each), AI, and other high-tech applications, all experiencing massive growth in China.
• Strategic Asset: Beijing views silver as a vital strategic asset, controlling a large portion of the global supply needed for these future industries.
• Investment Demand: Chinese retail investors are flocking to silver (via funds, coins) due to high local demand, seeing it as a hedge against dollar instability and a way to get rich quick.
• Export Controls: China is restricting silver exports to ensure domestic supply, mirroring its strategy with rare earths, creating a "silver weapon" to control the transition metals market.

Market Impact:

• This surge in Chinese demand, coupled with industrial needs, has caused significant price spikes and record premiums in China, leading to shortages and making physical delivery difficult.

In short, China is a massive consumer and buyer of silver for both its booming high-tech industries and as a strategic reserve, making it a dominant force in the global silver market.

 

[gauchojake]

I was told that you can sell physical silver for 2x retail in hong Kong. No idea if true but amazing opportunity to melt your parents dinner ware down.

 

[ktollinche]

Anything that moves up this quickly and this fast, has a huuugge amount of speculative money fueling it.
So basically what goes up quickly, will correct eventually.

Same shit, different commodity

 

[djefferis]

Philly - last bullet point is the key one here. China is controlling EXPORT silver. They aren’t buying from other countries - just restricting it from going out of theirs - along with other rare earths.

They could publicly flip the switch any day and cause a market crash if they wanted - instead they will most likely continue this trend of price manipulation. Send signals anytime the price is too high or too low to get back into range.

Chinese retail investors buying - but thats a bubble in waiting. Chinese retail buyers are notoriously fickle - they go all in on an asset until it shows signs of weakening and then bail. Fortunately there is enough backing to avoid a massive slide here - unlike many cryptos have experienced when those buyers fled.

And if you have not noticed - both solar and EV production is slowing down. It’s still there - but demand has been satisfied and theres a glut happening across the EU and USA. That industrial demand is not as great as it was 5 years ago.