Bitcoin Bloodbath: Is the Bubble Finally Bursting?

[Free Market Capitalist]

I am really worried guys. Is this maybe the beginning of the end? Is anyone else really concerned about the recent price drop?

July 14, 2025 – In what many are calling the beginning of the end, Bitcoin has taken a nosedive, plunging from $123,000 to $120,000 in a matter of hours. While a $3,000 drop may seem small to the casual observer, seasoned traders recognize it as a red flag in an increasingly shaky market. Panic is brewing, and some are already sounding the alarm: Is this the beginning of Bitcoin’s final collapse?

Financial contrarian and long-time crypto critic Peter Schiff wasted no time weighing in.

    “This isn’t volatility—it’s a slow-motion crash,” Schiff declared on X (formerly Twitter). “Bitcoin is a Ponzi scheme with no intrinsic value. It’s not a store of value. It’s not digital gold. It’s going to zero—and it’s taking a lot of naive investors down with it.”

The crypto world has heard this tune before—but this time, the sentiment seems to be catching on outside the usual skeptic circles. According to Schiff and others, the root of the problem is deeper: Bitcoin has always been built on hype, not substance.

Adding fuel to the fire, former hedge fund manager and frequent crypto critic Nouriel Roubini chimed in, saying:

    “Bitcoin’s price movements are driven entirely by speculative mania and manipulation. It’s not a currency, it’s not a safe haven. It’s a scam wrapped in techno-mysticism.”

Even retail investors, once the driving force behind Bitcoin’s meteoric rise, are starting to show signs of fatigue. Online forums are flooded with concern, some calling the latest drop a “liquidity trap” and others openly questioning whether now is the time to cut their losses.

This is not the first time Bitcoin has stumbled—but this time feels different. The air of invincibility that once surrounded the world’s largest cryptocurrency is wearing thin. As one anonymous analyst put it:

    “It’s not a bloodbath yet—but we’re watching the sharks circle.”

Whether this marks a temporary correction or the beginning of a total meltdown, one thing is clear: Bitcoin is in trouble. And the dream of decentralized riches may be turning into a nightmare for those left holding the digital bag.

Source

[philipma1957]

why did you post this shit?

[Wiwo]

Calling bitcoin market drop a bubble sound somewhat fomo type statement, i think we can better use the phrase, (bubbles and busting) for ponzi scheme's and not a real assets like bitcoin.

Now let go back to the topic main point proper, mate you dont have to panic in any way, the $3k price drops is somewhat an expected correction as for the beginning of a one week + steady price increase and multiple all time high.

We may likely see more dip in the market, or the price recover back to another all time high.

[cabron]

Peter been saying that all the time even before the price hits $20k. Now that its $120k, he still keeps saying it. He been talking about its collapse since time but if he just invested a little of his wealth to BTC, he may have gained already while spreading fud in Bitcoin every time.

If its going to crash and fail again, its not surprising anymore as it had happen before but will also rise again just like its cycle. Ignore Peter, there are times that his words are useful but no this time.

[Hatchy]

I am really worried guys

Worried about what exactly?of some shit speech you read online about bitcoin price dropping by just $3000? Honestly I don't expect this from someone like you who is a reputable member of the bitcoin community. If you talk of being scared what them would the newbies speak of? a common retracment in the price of market and people saying trash shouldn't be of our concern. We have seen dips far beyond $30k in btc for year and just a little shift, whey would anyone be scared? I don't think anyone should be concerned about anything right now as the market is still very bullish and always has been..


It's just another fud talk by some clown and bitcoin haters so I don't see the usefulness of it. It's the second today already... let's try to be positive on bitcoin to keep the momentum going...

[_BlackStar]

When we talk about bitcoin critics, we have to understand that they have never supported bitcoin and will doubt it whenever they want. They voice their concerns and various reasons - but otherwise, bitcoin isn't really affected by them. Bitcoin critics have never liked bitcoin - they've created a wave of panic among some people in their own way, so I don't really want to listen to them when I've already decided to invest an amount I can afford to lose.

[JimboToronto]

why did you post this shit?

Attention-seeking?

[philipma1957]

why did you post this shit?

Attention-seeking?

I thought it was meant to be funny.  But not sure.

[Ultegra134]

why did you post this shit?

But hadn't you said on a different topic that Bitcoin will either go up to a million or below $10,000? From this statement, I'm getting why Poker Player is concerned, although I'm not seeing why the recent price drop from $123,000 to $120,000 that concerning. Bitcoin reached a new ATH, the drop could be a result of a massive sell-off due to the newly recorded price. Why is it such a big deal, and how is this Peter Schiff coming to such a conclusion based on a $3,000 drop, during Bitcoin's peak?

Also, why did you purposely ask ChatGPT to create an article based on FUD and controversial views?

"I'd like you to generate an article titled "bitcoin bloodbath", focused on the recent drop in price from $123K to $120K today. I want it to be a FUD article, you can quote Peter Schiff who believe that bitcoin is a ponzi scheme an that it's gonna go to zero, or other haters."

[Die_empty]

When we talk about bitcoin critics, we have to understand that they have never supported bitcoin and will doubt it whenever they want. They voice their concerns and various reasons - but otherwise, bitcoin isn't really affected by them. Bitcoin critics have never liked bitcoin - they've created a wave of panic among some people in their own way, so I don't really want to listen to them when I've already decided to invest an amount I can afford to lose.

We have seen Bitcoin drop faster than this, so I don't think there is any cause for alarm. Peter Schiff and Nouriel Roubini might never see anything good about Bitcoin; hence, there is no need to listen to them. Where were they when  Bitcoin hit $100k and above?  They have made several predictions about the downfall of Bitcoin, and it has failed all the time. This current doomsday forecast will also fail.

[OgNasty]

Bitcoin at $120K is a bloodbath! You know what they say… Buy when there’s blood in the streets! Have you bought any Bitcoin today? My DCA day is tomorrow, so hopefully we can stay down in this $120K bloodbath territory long enough for me to buy the dip. I’d hate to have to pay the dreaded $123K price.

[Orpichukwu]

We have seen Bitcoin drop faster than this, so I don't think there is any cause for alarm. Peter Schiff and Nouriel Roubini might never see anything good about Bitcoin; hence, there is no need to listen to them. Where were they when  Bitcoin hit $100k and above?  They have made several predictions about the downfall of Bitcoin, and it has failed all the time. This current doomsday forecast will also fail.

They were just busy running free promotion for Bitcoin all in the name of calling it a bad name and determining whatever good move Bitcoin makes. I no longer listen to the likes of Roubini, especially Peter Schiff.

Peter might be a good economist, but he has actually lost it, as he doesn't know exactly when to accept the fact that he has been wrong all this while. His racism toward Bitcoin makes me wonder if he's a content creator on social media trying to maintain a stance with the hate they have created.

[philipma1957]

why did you post this shit?

But hadn't you said on a different topic that Bitcoin will either go up to a million or below $10,000? From this statement, I'm getting why Poker Player is concerned, although I'm not seeing why the recent price drop from $123,000 to $120,000 that concerning. Bitcoin reached a new ATH, the drop could be a result of a massive sell-off due to the newly recorded price. Why is it such a big deal, and how is this Peter Schiff coming to such a conclusion based on a $3,000 drop, during Bitcoin's peak?

Also, why did you purposely ask ChatGPT to create an article based on FUD and controversial views?

"I'd like you to generate an article titled "bitcoin bloodbath", focused on the recent drop in price from $123K to $120K today. I want it to be a FUD article, you can quote Peter Schiff who believe that bitcoin is a ponzi scheme an that it's gonna go to zero, or other haters."

yes that is true. I said something like this.

by 2032 we will be over a million or dead due to a flaw found in the system.



But we are not dead now we are in my estimate 60 to 70% sure to pass a million in the 2030-2035 time range.


Your only choices to manage inflation are BTC with a few precious metals just in case btc fails due to a yet to be discovered flaw..


My biggest holding is BTC
then cash
my next is silver
then Doge
then LTC
then Solana


and my btc is more than all the others combined

say 50% BTC
and 35% cash
with 5%  silver
and 4% doge
and 3% LTC
and 3% Solana


and the cash could be pulled out as it is for operating my mining expenses not for investment.

[Ultegra134]

yes that is true. I said something like this.

by 2032 we will be over a million or dead due to a flaw found in the system.

But we are not dead now we are in my estimate 60 to 70% sure to pass a million in the 2030-2035 time range.

Your only choices to manage inflation are BTC with a few precious metals just in case btc fails due to a yet to be discovered flaw..

My biggest holding is BTC
then cash
my next is silver
then Doge
then LTC
then Solana

and my btc is more than all the others combined

say 50% BTC
and 35% cash
with 5%  silver
and 4% doge
and 3% LTC
and 3% Solana

And the cash could be pulled out as it is for operating my mining expenses not for investment.

According to you, what could make Bitcoin crash as low as $10,000? What factors would cause such a major crash ?This scenario would end Bitcoin for good. Peter Schiff seems to have a different opinion regarding its usage for inflation or worth. One thing is certain, a $3,000 drop is merely a blood bath whe Bitcoin has been pumping for days, but still, the two scenarios being discussed are quite concerning.

[philipma1957]

yes that is true. I said something like this.

by 2032 we will be over a million or dead due to a flaw found in the system.

But we are not dead now we are in my estimate 60 to 70% sure to pass a million in the 2030-2035 time range.

Your only choices to manage inflation are BTC with a few precious metals just in case btc fails due to a yet to be discovered flaw..

My biggest holding is BTC
then cash
my next is silver
then Doge
then LTC
then Solana

and my btc is more than all the others combined

say 50% BTC
and 35% cash
with 5%  silver
and 4% doge
and 3% LTC
and 3% Solana

And the cash could be pulled out as it is for operating my mining expenses not for investment.

According to you, what could make Bitcoin crash as low as $10,000? What factors would cause such a major crash ?This scenario would end Bitcoin for good. Peter Schiff seems to have a different opinion regarding its usage for inflation or worth. One thing is certain, a $3,000 drop is merely a blood bath whe Bitcoin has been pumping for days, but still, the two scenarios being discussed are quite concerning.

If it were to fail it would be due to an unknown exploit that breaks the back of sha-256

Most likely we won't live to see this happen.

Someone would need to  develop a math that is not know as of now.

Frankly if it  happens all digital payments could be crackable why worry about that.

[milewilda]

When we talk about bitcoin critics, we have to understand that they have never supported bitcoin and will doubt it whenever they want. They voice their concerns and various reasons - but otherwise, bitcoin isn't really affected by them. Bitcoin critics have never liked bitcoin - they've created a wave of panic among some people in their own way, so I don't really want to listen to them when I've already decided to invest an amount I can afford to lose.

We have seen Bitcoin drop faster than this, so I don't think there is any cause for alarm. Peter Schiff and Nouriel Roubini might never see anything good about Bitcoin; hence, there is no need to listen to them. Where were they when  Bitcoin hit $100k and above?  They have made several predictions about the downfall of Bitcoin, and it has failed all the time. This current doomsday forecast will also fail.

As if they've seen these stuffs for the first time in all of the years they've been here on crypto space? Totally not shocking about these kind of sentiments that would surfaced or be thrown in specially when Bull run is around the corner. Its anticipated and expected because there's always those fellas who would be trying out to create some shit speculations and driving the price down. Whereas, if we do just that simply look at on the typical ordinary day then these drops are just that a normal day. We cant just that have a one path movement when it comes to price, if it pumps then surely it would be having its corrections and its not that new anymore. There would be always those follow up speculations that "This might be the peak, Sell now" or "Bull run is over" kind of sentiments or words whenever there are some small % price drops and its not shocking or lets say that it is just that an ordinary day. Usually these kind of words are that somewhat manipulative and to those who do easily react out will definitely be ending up on making up some panic selling and being left out when the price do make out some pump.

[adultcrypto]

The right name for this us FUD! Bitcoin is doing what makes it a traded asset that is governed by the forces of demand and supply. Many speculators set their take profits at $120k because they believe that will be the peak of this market cycle. What is happening in the market is because those are people taking profits and is normal. If we achieve this much in July, just imagine where price will be by September and November, the time that bitcoin is expected to reach the peak of this market cycle.

[Free Market Capitalist]

why did you post this shit?

Attention-seeking?

I thought it was meant to be funny.  But not sure.

Yes, for fun, more than anything else. After beating AHTs there is always a dip in which many retail traders who buy at highs think if they have done wrong and more than one ends up selling at a loss.

See this week old thread for example:

The BTC drops is causing panics

It is also the time when haters like Schiff take the opportunity to say that this is the beginning of the end of the ponzi scheme that is bitcoin and that it will go to 0.

Also just to see if anyone commenting realized that the source is an article created with AI for the sole purpose of creating FUD but only one of the commenters bothered to look at the link.

This is the serious answer, back to funny mode:

So much for the "new all-time high" narrative. Bitcoin has now plummeted to $117,000, and it’s showing no signs of recovery. That’s a $6,000 drop in a single day—and nearly $10K wiped out since just yesterday.

Still think this is just "normal volatility"? Wake up.

Peter Schiff was right all along.
He said it would collapse. He said it was a Ponzi scheme. And now it’s unraveling before our eyes.

    “It’s a slow-motion crash,” he tweeted again today. “Digital fools holding digital air.”

This market is built on pure speculation, and the cracks are finally showing. There’s no utility, no intrinsic value—just hype, leverage, and blind belief. The so-called “store of value” is looking more like a store of regrets.

Let’s talk facts:

    Whales are dumping.

    Retail sentiment is cracking.

    Even the influencers have gone silent.
    (Notice how quiet CT is today? When number goes down, so do the laser eyes.)

And don’t even get me started on altcoins—they’re bleeding out even faster. This isn't just a dip; this is capitulation season knocking at the door.

How much lower can this go?
People laughed when Schiff said Bitcoin would go to zero. Who’s laughing now? At this rate, we might test $100K by the weekend.

Time to ask the real question:
Is the dream over? Or are we about to witness the greatest collapse in financial history?

Not trying to spread fear, just being real. If you’re still "buying the dip," you might be the liquidity exit someone else is praying for.

Stay safe out there.

[sokani]

Bitcoin reached a new ATH, the drop could be a result of a massive sell-off due to the newly recorded price. Why is it such a big deal, and how is this Peter Schiff coming to such a conclusion based on a $3,000 drop, during Bitcoin's peak?

That is what it is. Sadly, Peter Schiff and his cohorts never seem to disappoint. They always try to use any slight opportunity they get to criticize Bitcoin and to create FUD. But I wouldn't lose my sleep over this, I'm sure the price will rebound.

Here's a report from Lookonchain of a Bitcoin whale offloading his bag:


https://x.com/lookonchain/status/1944959737742946600?t=OwWKLO5AZOaSgfpo7Gl00w&s=19

[Alpha Marine]

What I would like to know is where these bitcoin critics keep their voice whenever bitcoin is pumping, you'll only hear from them when there is a dip in bitcoin price, however little it might be. For people who claim to know enough about Bitcoin to conclude its a ponzi scheme, how do they not know Bitcoin is a volatile currency that does not stay at a price or just continuously go up?
So, when Bitcoin hit $123k, was it supposed to simply remain there or just continue going up? There will be no risk of making a loss if all it did was go up, would there?

Bitcoin is currently fluctuating between $116k and $117k says a lot for a coin that they have been saying is a scam and a ponzi scheme since when it was less than $100.
I'm not extreme in my belief for bitcoin. I'm not going to come out here and say bitcoin will never go below $50k again or whatever, but what I know it, however low bitcoin goes, it will come back up. It may take another 10 or 15 years but bitcoin will always come back up. I can't say the same for any other coin.