BTC is as much an investment as a stock!
If the government legalized it, it would be valuable!
If the government legalized it, it would be valuable!
Not true.
With a stock, you actually own a part of the company.
With BTC you own absolutely nothing.
Topic: Bitcoin is like cancer-pill, almost worthless - page 4. (Read 1068 times)
Not true.
With a stock, you actually own a part of the company.
With BTC you own absolutely nothing.
Most of the crypto price consists of speculative value. I'm sure that 95% of people involved would never invest in bitcoin or altcoins if they knew the price would be fixed. Hence, cancer pills of certain brand (which would be in limited supply despite the ingredient being open source) would be valuable if you could trade them online and make money flipping them with easy access available to everyone. People love gambling, stock markets, penny stocks, online casionos, sports betting are all blossoming and there's a lot of speculation hungry money in the world.
And by this you also say that Bitcoin is in essence worthless - and only holds whichever low price people emotionally attach to it - like the price of old pokemon cards
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, the good news for all of them is that is not so late, they still can come with all of us in this long travel....
Then you clearly have not understood the comparison.
The point is that the technology can be very good - but that does not automatically mean the product (Bitcoin) realistically has a high price
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, the good news for all of them is that is not so late, they still can come with all of us in this long travel....
BTC is as much an investment as a stock!
If the government legalized it, it would be valuable!
The technology of blockchain and decentralized technology bring new revolution to this era!
If the government legalized it, it would be valuable!
The technology of blockchain and decentralized technology bring new revolution to this era!
Bitcoin is good , if governments can make tax with them.
otherwise most of county will ban the bitcoin like some of county recently did
otherwise most of county will ban the bitcoin like some of county recently did
So you're going to join the shills from the media in trying to say how Bitcoin is worthless and how it is going to crash and burn. Bitcoin has died so many times I think it can get through 'dying' again.
Bitcoin does have value as well, so your claim about that is just simply invalid. Check out the exchanges bud.
Bitcoin does have value as well, so your claim about that is just simply invalid. Check out the exchanges bud.
You can also find people who will pay 100s of USD for an old Pokemon card. That does not mean Pokemon cards holds value or is a good investment object.
Bitcoin had its chance - and when the pressure really came on it crumbled by not being able to deliver on neither being a currency nor a store of value nor anything else.
So you're going to join the shills from the media in trying to say how Bitcoin is worthless and how it is going to crash and burn. Bitcoin has died so many times I think it can get through 'dying' again.
Bitcoin does have value as well, so your claim about that is just simply invalid. Check out the exchanges bud.
Bitcoin does have value as well, so your claim about that is just simply invalid. Check out the exchanges bud.
Most of the crypto price consists of speculative value. I'm sure that 95% of people involved would never invest in bitcoin or altcoins if they knew the price would be fixed. Hence, cancer pills of certain brand (which would be in limited supply despite the ingredient being open source) would be valuable if you could trade them online and make money flipping them with easy access available to everyone. People love gambling, stock markets, penny stocks, online casionos, sports betting are all blossoming and there's a lot of speculation hungry money in the world.
And by this you also say that Bitcoin is in essence worthless - and only holds whichever low price people emotionally attach to it - like the price of old pokemon cards
Most of the crypto price consists of speculative value. I'm sure that 95% of people involved would never invest in bitcoin or altcoins if they knew the price would be fixed. Hence, cancer pills of certain brand (which would be in limited supply despite the ingredient being open source) would be valuable if you could trade them online and make money flipping them with easy access available to everyone. People love gambling, stock markets, penny stocks, online casionos, sports betting are all blossoming and there's a lot of speculation hungry money in the world.
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/
.... which of course means the same for the alt-coins
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/
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