If you are a Bitcoin bull, the break below $80,000 is concerning. Does anyone else see the similarities between the cryptocurrency & prediction market phenomenon and the FOREX industry in the early 2000s? New markets operating like the Wild West, without government money-protection programs, formal exchange guarantees, and regulators light-years behind? Not to mention retail traders funding accounts with credit cards, and less-than-transparent trade matching, get-rich-quick schemes, etc.

If you are a Bitcoin bull, the break below $80,000 is concerning. Does anyone else see the similarities between the cryptocurrency & prediction market phenomenon and the FOREX industry in the early 2000s? New markets operating like the Wild West, without government money-protection programs, formal exchange guarantees, and regulators light-years behind? Not to mention retail traders funding accounts with credit cards, and less-than-transparent trade matching, get-rich-quick schemes, etc.

— DeCarleyTrading.com (@carleygarner) Nov 3, 2026