Why bitcoin may soon be worth nothing

[Dalrs Maker.]

Guys, I am on the side “if you can make money with it, you should try it, if it isn’t against your inner value” so if you know how and you can, than do it. But I do not believe in Bitcoin, I believe in Blockchain as a whole.

 

[arsh]

bitcoin is worth something but not worth what people hyped it upto last year

 

[megaMind007]

it will be good for nothing in recent days ... but the situation could be changed in upcoming years.

 

[Jack@]

Bitcoin is backed by nothing? Interesting, so all the technology, all the devs, all the blockchain is just dust to some people?

What I learned is that people really like to repeat what the media says, if the media says BTC is a scam than BTC is a scam. People dont like to think rationally or on a critical level about things but they like to bash on something they do not understand.

If anything has no value it is the USD as it is not backed by anything -> not tied to gold or any other natural element. $18 Trillion debt and a printing machine thats what the $ is worth.

Bitcoin has been declared dead 322 times already! https://99bitcoins.com/bitcoinobituaries/ Keep the FUD coming

 

[FinestCPA]

It is really very hard to predict such things.
There will be ups and downs during the lifetime of Bitcoin. But I hope that these fluctuations will become less and Bitcoin will become more stable.

 

[Uncle Muriko]

lol, such a stupid argument...
real money is also only "worth" anything because some people convinced the rest that it is really worth something.

 

[thescrrr]

Bitcoin is backed by nothing? Interesting, so all the technology, all the devs, all the blockchain is just dust to some people?

What I learned is that people really like to repeat what the media says, if the media says BTC is a scam than BTC is a scam. People dont like to think rationally or on a critical level about things but they like to bash on something they do not understand.

If anything has no value it is the USD as it is not backed by anything -> not tied to gold or any other natural element. $18 Trillion debt and a printing machine thats what the $ is worth.

Bitcoin has been declared dead 322 times already! https://99bitcoins.com/bitcoinobituaries/ Keep the FUD coming

usd is backed by the world strongest economy and military. Bitcoin is backed by "blokchain" , "technology" and other buzzwords.

 

[DaPromo]

usd is backed by the world strongest economy and military. Bitcoin is backed by "blokchain" , "technology" and other buzzwords.

 

[Sherb]

 

[LJ Junior]

It's banned in India

Seriously? Are you that naive?

 

[payal23j]

Seriously? Are you that naive?

mean?

 

[Innovatorz]

Seriously? Are you that naive?

What she means is that you cannot legally trade bitcoins in India.

 

[LJ Junior]

mean?

It is not a ban. Don't fall for internet news. RBI has restricted banks from supporting fiat (INR) transactions. However, you can still get INR using P2P service.
https://localbitcoins.net/instant-b...online_provider=ALL_ONLINE&find-offers=Search

Govt. has no power to restrict something that is decentralized. It's individuals choice to make a decision. INR fiat falls under RBI regulations so they can limit INR transactions across crypto but P2P is a great way to buy. Cheers!

 

[payal23j]

That's great. Thank you so much
One question for you, how can i make an account in bitcoin which is good and safe to use.

It is not a ban. Don't fall for internet news. RBI has restricted banks from supporting fiat (INR) transactions. However, you can still get INR using P2P service.
https://localbitcoins.net/instant-b...online_provider=ALL_ONLINE&find-offers=Search

Govt. has no power to restrict something that is decentralized. It's individuals choice to make a decision. INR fiat falls under RBI regulations so they can limit INR transactions across crypto but P2P is a great way to buy. Cheers!

 

[LJ Junior]

That's great. Thank you so much
One question for you, how can i make an account in bitcoin which is good and safe to use.

https://www.blockchain.com/en/wallet

Andriod & iOS are available.

 

[payal23j]

ok

 

[MPMW]

There are 3 kind of people
Pessimist
Realist
Optimist

There's only a glass of water right now and it's in front of them
They are debating about who should take it

While they are debating, there's another kind of people
He drinks it
And this kind of people is called the opportunist

So which one are you?

+1

I don't believe that BTC will ever reach $0. But everyone is speculating their asses off, yet no one really knows what's going to happen. That's the beauty of it.

 

[bartosimpsonio]

To the most of us it's nothing more than a casino/ponzi scheme.

How can it be a ponzi if there is no one behind it? Bitcoin is 100% peer to peer, there is no one at the top recruiting people to "join" and the amount of BTC is well regulated and produced only via mining.

There are many things you can say about Bitcoin, but it is definitely not a ponzi.

 

[rofall]

+1

I don't believe that BTC will ever reach $0. But everyone is speculating their asses off, yet no one really knows what's going to happen. That's the beauty of it.

That's it. Speculation on the crypt is a profitable business. This is called arbitration. The rate of the same coin on different stock exchanges varies. Buy cheaper, and sell more. I do not understand why you are talking about bitkoyne. It's better to start earning while there is an opportunity

 

[Lauriat]

in theory it can't be worth $0 as long there is at least 1 person willing to buy it.