Topic: Bitcoin Is Complete Garbage!!! - page 4. (Read 6356 times)

There are people like that in this world. They don't want others to succeed in life. Maybe the author didn't understand bitcoin that is why he is saying negative things about it. But I think he is outnumbered because every day more and more people are really finding bitcoin a good chance to make their lives easier by investing or earning through it.

No one with a good functioning brain will ever take these articles serious. It's a common practice for people to dislike something when they don't understand what it is, or how it works.

If you don't think Bitcoin is worthy of being valuated at current levels, or think Bitcoin has no purpose, then there still is no reason to use garbage. It's just an attempt to draw attention, really.

May I request you to send all your bitcoins to me since you don't trust bitcoin anymore? I assure you that I will make good use of those coins and will never regret. Send me a PM so that I can send you my wallet address.

I believe in bitcoin and I am sure that current slide in price is just a phase and it will be over soon. Bitcoin price was down due to the normal market practice. It is just building up its ground and soon will break the previous pricing record. So I am not worrying and I take this opportunity to buy more bitcoins for my savings.

Some people are still working against Bitcoin, they are playing a negative role in the virtual world, but Bitcoin is going with its own spirit, and we people are getting experienced about it, so there is still nothing to worry about Bitcoin's termination...day by day Bitcoin is becoming a profitable sector of investment and saving...

Its possible bitcoin considered garbage by some people. Bitcoin is a garbage with value more than $2337/btc (today's price, taken from preev). Is there anything else that can grow into a giant after being considered dead, i think nothing is brighter than bitcoin.

One of the worst hate article about bitcoin, i never see any bitcoiner who act like that, it's like "You" ask about bitcoin to blind/moron investor. Not only that, bitcoin have good/neutral real-life usage such as pay video games, gift cards, mobile recharge, foods/snacks and many more.
Also, after check author's twitter, i think he really hates cryptocurrency.

Another cheap stunt to make bitcoin look bad. I don't believe these stuffs anymore. If you are smart enough then you guys don't believe it. Bitcoin is already been announced as dead by many smartass peoples but here we are from 200$ to 3k$.

The author, Brett Arends, asks:

So what’s the purpose of bitcoin? . . . Yes, but what’s it for? . . . Yes, yes, I understand that. But what is it actually for? . . . Honestly, does it have a purpose? Any purpose at all?

Legions of Wall Street mavens, financial journalists, and politicians don't know either.

The purpose of bitcoin is immutable data-registration. That's it. This is such a useful function that the non-counterfeitable crypto-token named 'bitcoin' necessary to register data forever has created fiat-market value for itself. A bitcoin's ease of transmission and growing market value naturally makes it useful as a unit of exchange, as practical as it is unofficial. The author's comment that "You notice, incidentally, that these bitcoiners continue to measure the market price of their beloved new currencies in terms of, er, old-fashioned U.S. dollars" should be amended to old-fashioned U.S. dollars, Australian and Canadian dollars, euros, pound sterling, krone, rand, yen, renminbi, rubles, pesos, bolivars, rupees and so on around the world (and apologies for not knowing all of the plurals). As the knowledge of the potential of world-wide immutable data-registration has spread, the price of the BTClockchain's token has increased, both for its use and as a speculative vehicle. Data-registration is essentially what an ethereum smart-contract is too. The value of its token is driven by the same sheer utility of the system.

OK? The purpose of bitcoin is immutable data-registration.

The author then asks: "How come people who keep their money in bitcoin and ethereum and the like have experienced Weimar Republic levels of consumer-price inflation just this week?" Wow. Weimar's currency, the Mark, lost value because the government printed them like coupons. The BTCitcoin-token has increased in value as the supply of them increases strictly according to its protocol. No matter how powerful miners become and how strong the demand for it becomes, the last bitcoin will be mined in the next century.

You make the call Arends invites us. I call his article clickbait and Arends a hack because he had to have known all along that data-registration is what BTCitcoin is all about. If he genuinely did not, let him say so publicly and so reveal his usefulness as a blogger/journalist.

In his 1947 novel Bend Sinister, Vladimir Nabokov (of Lolita fame) noted the phenomenon of photojournalists with "souls as cheap as dried figs." How cheap must Arends' be? Any guesses?

My kind of junk then. It is worth $2500 as we speak, and it could potentially be worth ten times more in a few years time. This piece of junk has a whole eco system built around it, has made millionaires of many, and created it's own industries and jobs.

First of all, Whatttt...?? I dont know what the author feels about the crypto currencies or BTC, IMO the topic should be "This article is complete garbage!!!" BTC has given financial stability and freedom to a huge population around the world, it will never be garbage.

I think we have allowed the negative minded people the airwaves to be making denigrating statements against Bitcoin and cryptocurrencies for far too long and we need to set the record straight. Every Bitcoin investor definitely knows that this has been the trend for some time now and prices picks up as soon as there's a major dip yet these guys find their voices as soon as there's a tumble and they try to form reasons that can be best described as garbage.

Bitcoin still exists with ever increasing investors means that it has potential. Lot of people have benefited from it. Bitcoin is as important as any other fiat currency. Bitcoin is like an international currency. Send it anywhere, anytime without any issue. This tech savvy world needs such currencies.

Cannot say garbage if one makes money from it.
People who lost from investments or people who cannot handle their minds in betting, they are the ones who can say it's garbage.
But from my own point of view, bitcoin has been an important part of my financial life. It helps me a lot.

Exactly, that article is not true because if its a garbage then this will have a big purpose to us. Bitcoin gives and helps us to provide our needs. This have a big usage nowadays. The author of that article was only expressing his/her opinion so its not 100% sure that its true.

If you really believe that article then how can you manage your account to reach up to that rank if you are not a believer of bitcoin and you just sticking to that belief that bitcoin is completely garbage. That article is one of the FUD right now that is just trying to make everyone panic but it will not work because if that article is true then a lot of people now are keep selling but the reality is, bitcoin is a very useful coin and very futuristic that can help fiat or other people to get a faster growth in their wealth.

That was an old article and its out of date.Many people would have had that kind of view when bitcoin was in its early stage.But today bitcoin has proven its potential many times despite the continuous actions taken by the bankers and governments to destroy bitcoin.Bitcoin has changed the world economy in a revolutionary way and it has become a life changer not only to me but to many unemployed youth too.Today,a person who says bitcoin as garbage would be looked as a garbage.

Hahaha my favourite part is


I don't know anyone who is too stupid to understand what bitcoins are for or how they are worth anything. Who does this guy talk to?! It sounds like morons that invest in ETH that literally don't understand anything about it and keep everything on exchanges because they think they're banks. Maybe he should have came here and asked what bitcoins are used for, as I use them every single day.

How it should have gone:

You: So what's the purpose of bitcoins?

Someone logical: Bitcoins are a way to be your own bank. They are deflationary, meaning there are a set limit of bitcoins that will never change. You can send someone money as easy as sending an email with NO intermediary. You don't need to go to western union, a bank, or send cash in the mail.

You: Oh. Why didn't you tell me about this before?

Someone logical: I did 100x you were just too skeptical. I'm glad I don't have to buy @ $2500 rofl.

You: Man I r dum. I'm gunna go buy ethereum now because DAPPS?! SMART CONTRACTS?! WAVE OF DA FOOTURE!! DOUBLE YOUR MONEY NOW NOW NOW!?!?!?

How come bitcoin have been garbage with just one junk article. Does it justify everything? If we are going to base our thoughts and opinion about bitcoin in just one article, for sure we will be deceived. Try reading more and think about it, ask yourself it bitcoin is really a garbage.

If you consider bitcoin as garbage, how about it's value that is rising?

Bitcoin is never be a garbage. It always have a value. It may be goes down but still it always creates its way to gain more. But earn bitcoin as much as we could so that im future we will have a money to be spend for the future use.

Basically people are still downing the power of bitcoin but still no happening many people are saying that bitcoin is a garbage or dead but in the fact the bitcoin is gaining more power and it's price is still pumping so let's just don't read the fake article that is sabotage the bitcoin.