Why bitcoin may soon be worth nothing

Discussion in 'CryptoCurrency' started by BassTrackerBoats, Jul 5, 2018.

  1. Kornis

    Kornis Newbie

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    One article make you think like this?
     
  2. redjebo

    redjebo Junior Member

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    What about eatshitbot, you've tried that one? It's really good, way better than that other one, should try it out.
     
    Last edited by a moderator: Jul 12, 2018
  3. spypanda

    spypanda Registered Member

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    well this show how most people bad in judgement haha so fiat is real currency. the basic of currency have value if people believe in them as long there are people using bitcoin it will always have value.
     
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  4. mazar

    mazar Regular Member

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    anyone who reads the new york post is a shill
     
  5. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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  6. Safff

    Safff Junior Member

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    papers media are dieing mate, it's more possible that NY Post will be worth 0$ faster than BTC :p
     
  7. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    All I did was copy and paste an article - I'm about 99% sure that I didn't comment either way as to it's validity.

    How you would know the financial situation of the Post though would interest me.
     
  8. Sristy

    Sristy Jr. VIP Jr. VIP Premium Member

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    One of my friend invested in Bitcoin while it was around 15k and he checks his mobile almost every hour to see, if it grows..
     
  9. mj lim

    mj lim Newbie

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    Ahh.. The ever-so controversial bitcoin.

    The thing is, bitcoin will never be worth nothing. Whether you like it or not, there will always be people who are willing to pay for btc, especially for lower prices. It can crash in price sure, even down to double digits, but it definitely wont be worth "nothing".
     
  10. Henry Cooper

    Henry Cooper Jr. VIP Jr. VIP

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    Someone who HODL's everything he has can't buy more to HODL :anyway:

    It is a non regulated market. It can go in any direction at any time. But adding n amount of time it will go back to 0 because no one wants to buy it. Days... Months... Years... Decades... we will see.

    I find it rather amusing that so many people hate on regulated currencies, but imagine you would take a loan and 3 months later you are not capable of paying that loan anymore just because it went up 40%.

    Loans and Debt make the world go round. If we want to replace regulated currencies people need to take loans and need to be willing to take debt on unregulated currencies. Everything else is just fluff.
     
    Last edited: Jul 14, 2018
  11. sane120

    sane120 Registered Member

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    I believe bitcoin is a bubble however it can't be 0 anytime , bitcoin real price is 1k$
     
  12. mj lim

    mj lim Newbie

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    oh definitely. definitely one of the riskiest "investments" out there.

    If it would go down, it wouldn't go down that easily. most of the bitcoin enthusiasts are people who has the "fuck banks" ideology. Basically they don't like how banks have a huge control over society.

    but of course it definitely can fail. Bitcoin is an experiment to start with.
     
  13. Gnome Police

    Gnome Police Newbie

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    Ive recently seen alot of games and vurtual realistate with cryptocurriency backing. Is there anything like that for bitcoin these days i havent seen any
     
  14. AryabhattZero

    AryabhattZero Senior Member

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    All I know is that I fucking formatted my mobile phone forgetting that it had my Crypto portfolio. Now I don't know what all currencies am I hodling and on which fucking trading site.
     
  15. DeathTheKing

    DeathTheKing Newbie

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    Bitcoin will never goes to 0. People that think otherwise are 3 type of people:
    A) Dont have any.
    B) Dont understand it
    C) Butthurt that they didnt buy for cheap.
     
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  16. blketh

    blketh Registered Member

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    I don't agree that Bitcoin will be equal to zero. The Bitcoin market has proved itself countless times in the past that it is not a bubble. I think such rumours are created so that the people start selling their Bitcoins and others can exploit the opportunity.
     
  17. hitndrun

    hitndrun Junior Member

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    Institutional money is now starting to flow in. Once they pass the ETF's it will legitimize it as an investment vehicle for the masses.
     
  18. Paradox_

    Paradox_ Newbie

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    Not going anyway anytime soon IMO. Too much money coming in from big players for it to disappear or go to $0
     
  19. hitndrun

    hitndrun Junior Member

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    Go through the email you used to sign up on exchanges and do a search. There aren’t that many exchanges that you would have had I wouldn’t think. You should be able to get into exchanges even if you have to have them shut of the 2FA while you reset.
     
  20. 3hlut

    3hlut Registered Member

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    Bitcoin is going to crash but not now.It will happen shortly before governmental coins comes out