Topic: Bitcoin is like cancer-pill, almost worthless (Read 1115 times)
No it is not, bitcoin is good kind of technology to join in and it will give big oppurtunities to the people especially those who are sufferring financial crises in their life, it they are willing to work hard for it , their work will be worth for this cryptocurrency which differr from other network scheme of investments, bitcoin and cryptocurrency are differrent from others so we can trust it.
Bitcoin is came from new technology as new online money by power internet connection for easy payment mode
Blockchain is the system use for transfer of bitcoin founds so no need to campare both of them blockchain is and bitcoin are good combination to run properly the digital currency
Blockchain is the system use for transfer of bitcoin founds so no need to campare both of them blockchain is and bitcoin are good combination to run properly the digital currency
A very very good explanation as to why BTC will crash even though blockchain is a good tehnology.
If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
Nice methapor like you post is kind a strange and nice putting that scenario like every scene is coming back/hetting back on us. Agreed many cryptocurrency that is a cancer can ba created but ot depends on how they put it.
A fact that I understand that bitcoin is like a sickness/ ilness that can be point out as cancer. Also bitcoin and ither crypto is not worthless you just need to be patient .
And yet, bitcoin is well developed, gradually introduced into the world and it is increasingly used. This means that it cannot be useless or equal to zero. Of course not all coins can be realized but bitcoin is capable of it.
A very very good explanation as to why BTC will crash even though blockchain is a good tehnology.
If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
I'm not agreed that BTC crashed.
If use this theory.. How much will be cost Bitcoin?
You right many shitcoin don't allow to develop.. It's temporary only.
You indirectly want to explain that bitcoin is valuable because the amount is limited, but because there are so many altcoins now, this makes bitcoin worthless. Maybe there are many altcoins that appear and only offer millions of dreams and prizes at the start of the ICO then the price evaporates until it becomes trash at the end of the ICO, it grew a lot of disappointment with investors, maybe that is also the reason why no new investor will push the price of bitcoin up again, maybe it is also necessary to review the ICO or altcoin, so that not too many fail to impress . I hope there is something new that makes bitcoin even more interesting
A very very good explanation as to why BTC will crash even though blockchain is a good tehnology.
If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
everyone has their own views and opinions, if you consider bitcoin to be damaging in the future, but in fact bitcoin is getting more popular and many people are interested in bitcoin. If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
A very very good explanation as to why BTC will crash even though blockchain is a good tehnology.
If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
Those social defaulters who are misusing bitcoin for their self interest like using bitcoin in engaging many illegal activities like in selling drugs, explosives, money laundering etc, are the real cancers and these are the people who are spoiling the image of bitcoin and bitcoin legalisation all over the world is the cancer pill to all those cancer people and I don’t think that bitcoin is worthless as bitcoin has always proved its worth by making its existence since more than a decade and now helping millions of people around the world in getting their jobs and I don’t think that bitcoin is worthless. If you do not want to read the full link below, here is the key part of the comparison:
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?"
Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero.
The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/
bitcoin is a technology that can be utilized depending on who wants to use it, and is detrimental to those who don't want to take advantage of bitcoin
"… imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
You are right same situation in the cryptocurrency but crypto is already known by many people thats why we are here to support.
Why would you write such a weird thing i didn't get it. I believe that you bought bitcoin the highest price like 20k and you lost your money. Otherwise you wouldn't say things like that. I totally disagree with you on this. It depens of the people, just like you and me. I would never say a word like cancer to bitcoin or any other cryptos. I believe that my timing way better than you, because when i get into this bitcoin market the price were $400 and i did manege to collect good amount of bitcoin and around $15k i did sell them all and went to the altcoin market. I was lucky yes but if i were you i try to look the brighter side and try to make money again in this market because still there are great projects out there in the bitcoin and crypto market..
yes, this applies even not only on the bitcoin market but all products traded in the world. if the same product has appeared (or at least similar) it will make the market crash and finally many of the same products are no longer expensive because of the large supply. in bitcoin is the same, when many new altcoins emerge, they are almost worthless because the similarity of products and bitcoin is already more expensive than they are, so the new coins are hardly of great value.
The topic is not match or suitable with the contents. Why did you say Bitcoin while your explanation is discussing about altcoins. It supposed to say that "altcoins is like cancer-pill" not Bitcoin. We all know that Bitcoin is has strong value and it is very worth in the digital currency or crypto currency. You should better to state explicitly which coins do you mean.
bitcoin is very useful and has many functions, but I don't think you know the function of bitcoin and the functions of technology that bitcoin has so you can say that.
What i just feel after reading that comparison is just the fear that some people have because they lost the train of earlier adopters and now want to extol the technology while degrade bitcoin as it is...nothing new
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You're spot on. If you read the linked article, the first paragraph goes:
Quote
Well, shit. I’ve been watching this situation for a few years, and assuming it would just blow over so we wouldn’t have to talk about it here in this place where we are supposed to be busy improving our lives.
So here he is, a guy that was watching Bitcoin when it was in ~$200 range (or lower), patiently waiting for its imminent death - instead witnessing the price continuously going up, bubbles were popping but new ATHs followed, all while Bitcoin and the very idea of cryptocurrency were more and more legitimised and started to break into the mainstream.
You cannot expect the guy not to develop a massive butt-hurt in such scenario. Especially when he's posing as some sort of money-making expert, who just dismissed potentially the most disruptive concept and, almost certainly, the biggest money-making opportunity of his life.
When his entire identity and reputation gets called into question - he will be doubling down on "Bitcoin is a scam" even if BTC replaced fiat one day (never going to happen btw).
He even went as far as to re-define the definition of "investing" to justify missing the train. Classic coping mechanism.
From the article:
Quote
This separation is important because the usefulness of Blockchain is the primary justification people use for the big dumb Bitcoin lottery.
No it isn't? Primary justification would be decentralisation + network effect. What he did was to build a straw man argument and now he's fighting it bravely. The CancerPill - Bitcoin comparison is simply missed. If it was true - why not creating your own copy of Bitcoin and selling it at say 80-90% of current BTC price? Lets see how far that can take him.
All this somehow remind me of this good ol' meme:
I agree. He might have missed his chance to invest in Bitcoin which resulted in him making such false claims and bias opinions about Bitcoin. To be honest, people here have already stated his mistakes and for that I don't need any explanation. It's kind of funny how he compares and shows some unreasonable images and comparison.s
No. I don't think that way. Though bitcoin has its own challenges of the prices rising and falling but amidst all these challenges, bitcoin is still strong.
Bitcoin is still worth it. I do not think it will be worthless because many are benefitting from it. It become they way to change my life until now, just believe that it won't take long that the price going to increase again. Many supports bitcoin, see the positive side and take opportunity.
If you are not blind and still saw the value of bitcoin at this current market situation than the past value of it when it was created,i think you could say bitcoin is still worth. Bitcoin is not worthless as ling as it has a value,usage,supply and demand even market down. It still help a lot of people from poverty and also help our economic problem. Don't just be negative in bitcoin because of the value that does not yet increasing. Be fair and look at the bright side of bitcoin. Don't be judgemental.
bitcoin is the cure for the economic collapse, fiat currencies have been in never ending inflation over time and governments, banks, fed keeps printing it they like, debt is rising, bubble will collapse, and people will turn into bitcoin, its just a matter of time from now...
Good day. Bitcoin has good usage so I won't consider it useless. Bitcoin created millionaires and as for myself, getting involved in cryptocurrency gave me financial abundance every now and then. Choosing the right ICO to join, the right alts to trade and the perfect timing.
I think its very different. Bitcoin is a cure on current economic system. I am believe if bitcoin system applied and duplicated in economic system, it will make economic of a country will stronger and much more resistant on crisis.
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