Topic: Bye Bye Bitcoin (Read 864 times)

Those kinds of news are just misleading; all they want is clout, probably the reason why we see it on our recommendations. If they think that this coin should be worthless, we should've been able to recognize it first and much earlier. I still even consider BTC as underrated, it really deserves more attention.
One of the news that muddled me is all about quantum computer possibility to hack a bitcoin wallet, I thought it was bad news at first, but they just emphasize the ability of it to be used for ethical hacking.

There is a lot of good and bad news out there about bitcoin. It's up to us to choose wisely whether to believe it or not. not everyone can accept bitcoin, they have their own views. hence making bad news about bitcoin. it may not shake the interest of bitcoin lovers, but for ordinary people it will certainly shake them where they are afraid to enter the crypto world. it's ok, everyone has their own choice to trust bitcoin or not. but please note that some countries have received bitcoin, that is a sign that bitcoin is indeed good and has good prospects in the future.

@Kakmakr actually makes a good point, we use this forum not only for knowledgeable topics, but we also use it for something like this, something to enlighten everyone about and to warn people about articles that actually help and those that does not, let's not tell people what to read and what not to read, instead, have a conversation about it in this forum for the sake of informing everyone.

No, no no...... let's not tell people what to read and what not to read... (censorship)

Articles like this, help us to prepare to answer questions and statements that are posted in those articles. (Know your enemy to prepare yourself for the fight)

Articles like this has always sparked debate and we are looking for debates like this to debunk all the misconceptions and FUD that are spread on social media. It is forums like bitcointalk.org that are giving us a platform to debunk these articles... here we are free to speak and to bring the counter arguments. 

Fiat currency is backed by the government, which includes the general public, whereas crypto currency is solely reliant on its investors and what the next man is ready to offer. Because both parties include the general public, it is extremely difficult for the government to implement an investment restriction. They can only offer a treat, the impact of which will be determined by investor reactions.

Bitcoin have grown over the years and now the King of Cryptocurrency. I don't think many people will be able to leave Bitcoin now, it has been there since 2009. Those saying goodbye to Bitcoin don't know the value of it, while some probably want public attention as you stated. Bitcoin is indeed becoming very expensive, it currently at $43k.

maybe those who say goodbye bitcoin they are not serious they just want to get public attention i'm sure no one can leave bitcoin nowadays seeing bitcoin getting more expensive and bitcoin enthusiasts increasing.

I got to spoke with a person who wants to know about blockchain technology. He started to make enquiries what are the softwares that are into usage on development of these platforms. I said I'm not good on technical side, maybe I'll make an request with known people and let you know. This guy is into software profession and hasn't got any understanding.

This is the important conversation, I mentioned about bitcoin while explaining and this took us into the conversation of cryptocurrencies. Finally this guy started to talk. Long back itself my friends asked to invest I ignored, even now I ignore because it isn't legal. Governments were worried about its security, because if the network is hacked the entire network ends. He continues there is no proper taxation and so on. I kept trying to make him understand the reality, this is how the article looks. Going through the article I thought it might be written by that person.

True that but I think that those who are ignorant are not only ignorant to Bitcoin, but ignorant towards new things in general you know? Like really stubborn to learn new stuff. I think it is sometimes not worth it to put in the effort in order to convince them of something they don't want to believe and trust in anyway because the aren't interest in getting to know it in the first place. Sorry for the wordy sentence, but you get the point and know what kind of people I am referring to I guess.

The first sentence written in this article is "I’ve never quite understood why cryptocurrencies are worth anything".
This sentence shows the author seems to reject the development of the time. When paper money was first introduced, society does not immediately accept it well, even what they have in mind when they first see paper money (it is impossible for a piece of paper to have value), but that the reality.
Bitcoin can be sent anywhere via Blockchain technology without going through a bank or sending institution, every Bitcoin transaction is also carried out unconditionally and without transfer restriction. The phenomenon of bitcoin or other digital currencies that suddenly appeared really disturbed the central bank authorities, The position of the central bank, which should be trusted to maintain stability, is slowly fading because of the supervision of bank, which have been trusted and incompetent in their intermediation function. There is a credit bubble, to other problems such as fees that are arbitrarily levied by bank, making Bitcoin with its technology increasingly approachable by the wider community.

people like that should not be listened to let alone shared what is said, they only aim to think about their personal interests without thinking about those who are affected in an unwise way. then if we silence the action, and ignore what is said, then it will automatically disappear and can no longer influence.

how is crypto without bitcoin and we all know that bitcoin will always be connected to crypto and cannot be separated from it. all still need bitcoin to this day and will even more influential.

They are mostly paid and baked scenarios. These people never stop ruining cryptocurrency until they don't succeed. Even to ask them about Bitcoin, they just only talking about the negative side without letting people know the positive side of this project. Not to wonder reading this kind of article and ignoring them is the best solution. We are here in the crypto space for many years, we already know the situation and it was different from what they think.

Every day if you scroll through the web you’re always going to see some crap articles that has nothing meaningful to say about Bitcoin, they are just going to be dropping crap and nothing more. It’s best for you not to be looking at all these articles. For the over six years that I have discovered bitcoin and been in this community, I have always seen all these articles like these ones. And they all start with the lines that they don’t understand where the value of Bitcoin is coming, and that’s to show you that these people have no clue on what they are writing about.

Someone who really has some sense would have done deeper research to understand where the value is coming from and truly understand it, but no, these crap writers would never do that, rather they will prefer to just dish out whatever nonsense their mind let’s them believe. So stop giving your time to reading crap articles.

yes he wants to spread FUD when the market is red like fire, then many of them will scare the price even more, maybe at that time he will add to his bitcoin collection and if he is honest maybe he has kept some crypto currency collections for his investment but he still does FUD for his personal interest

I totally agree with your opinion, friends, if they say goodbye bitcoin, maybe they are sycophants, people who are frustrated because they can't control bitcoin, under their control, bitcoin has developed very, very far, but there are also those who say so, it sounds so weird..

I think this type news you read the internet, Just ignore this type news.Bcoz Bitcoin is the most popular crypto now.Few year's ago bitcoin price was around $5k- $12k.Now bitcoin price Average $40k+. I believe that bitcoin will be more rise in future.

I advise you not to read this type of news on the internet because they will always catch your attention in order to spit some nonsense about bitcoin.  We should read some articles that promote and use crypto in their research because having a use case and developing a technology out of it is a good thing and a boost for the crypto community.

They've been spreading FUD since 2017, and crappy news like this will continue to exist, and I'll just laugh at them for doubting in BTC.

it feels very strange if someone dares to say goodbye bitcoin, what is the real reason they say goodbye bitcoin, maybe you can't control bitcoin, so you say so, since the advent of bitcoin until now, the number of people holding bitcoin is increasing, there is even a government who have legalized bitcoin, and accept bitcoin in their country, to serve as their currency.

I think there are many people who doubt the future of bitcoin so they will easily believe in the FUD spread by people who are anti bitcoin. This is definitely something we don't need to think about right now because we all never know what the future of bitcoin will look like once it enters its second, third and so on decade. I want to enjoy it even though in reality I can't use it as legal tender in my country.

IMO, Bitcoin is a decentralized asset that is not anti-government because generally bitcoin will be subject to rules made by the government. There is nothing to be afraid of from regulation even though there are countries that are still reluctant to accept new currencies including bitcoin. Based on what I can imagine, bitcoin will be an asset that will have more uses in modern society in the future. Although the ultimate goal is not to replace fiat as a whole, it will be an alternative currency that helps people to have a different experience with a decentralized financial system.

If you've been unfortunate with your journey in bitcoin, you should not spread FUDs to others so that you can pull them together with you. Bitcoin has a long way to go and there are a lot of things that are about to happen in the future. Always make sure you are doing the right thing as well as following the process with integrity so that you can really reach where you want to go in the future. You cannot claim all by yourself that bitcoin will end due to the threats of getting banned by other countries. Always be mindful with your predictions so that other people would appreciate your thoughts you are putting here.

right, and this is what can cause market fluctuations, making it attractive to trade. many people are worried about the bitcoin bubble, but so far bitcoin has proven it, and it is wrong if we think bitcoin will be destroyed, many exchanges trade it, let alone the government does not forbid it to be traded

You can really point out on just using up your own common sense that this guy doesnt really have the idea on what are the things he'd been talking into about being non sustainable.

A decade time is already a solid thing for you to say that bitcoin did really survive for that long and wasnt able to be completely stopped even how hard the centralized government
do able to try to take it down.

When it comes to utility then we can really tell that its really useful specially that its decentralized even though there are projects which are more updated
and better but nothing beats out the first crypto where the community is mainly supporting as of this moment.

He's either one of those who haven't invested when he still can afford or just adding to the existing FUD to pull the price down and have the opportunity to buy.
This are the old critics Bitcoin has facing ever since it gained value, but look Bitcoin is still rising unstoppable.


Not sustainable? This guy is obviously no idea what he's talking about.
Does 12 years and definitely still counting for many years not sustainable?
What a horrible joke.

Someone who doesn't understand about Crypto responded about Crypto? And why do we have to believe it.
Haha
It's a strange thing, he himself doesn't really know about Crypto, why say bye-bye crypto.
Surely there is its own self-esteem and nature of dislike of the success of the world of Crypto, and maybe the success of the people closest to her because of Crypto.
So, Bye Bye Writer
Haters Will Gonna Hate, Never Think Seriously About Them.

Just those lines are enough to know that the writer doesn't really know crypto but already hates it without even trying it,
So why should we even read,listen or give attention to such an attention seeker?
Basically it was written to gain attention and the writer was well aware on how much crypto people would argue and I think it is a good strategy.

Alright then , I understand Google now if that is their point on why they allow such content .

It couldn't cause harm because it's only words but it can offend people . Bitcoin community is not small and as we can see lots of people here in the thread are offended but let us try to extend our patience because in the end those Bitcoin haters can't win this battle .

It's not the fault of Google, I mean there are millions if not billions of articles out there published everyday and I don't think that Google could filter all of them unless they do a strict filter which could end up with some of the innocent ones being removed too, they try to support freedom of speech so they allow this as long as it doesn't harm or heavily offends a large group of people.

We should be careful with this kind of toxic ideas coming from any person, because it's not a healthy fuel for our brains. Their analysis will attempt to fool the minds of innocent and weak, though they seem to be non reliable but it's so sad if someone would tend to be their prey.
Critics on bitcoin was already proving themselves that they're desperate to take down it's popularity, that's why they won't stop their dark motives.

maybe they write an article like that to turn heads and they can earn with their ads .
its like the same as people spread fuds so that they will buy btc when people panic sell . google should filter this kind of articles next time because what they saying on there is a lie but google supposed to offer quality content only because they are known with that .

Sorry about the ads, I didn't know that it was full of that because I am using adblocker when I accessed the website and when I clicked on the Google News, there's no ads there. I've read the first few lines in the article and I can second your claim that it's just an amalgamation of all the FUDs in bitcoin in the past and in the present.

I totally agree with your opinion, that the author is a dreamer who doesn't really know about bitcoin, but feels like he knows more than anyone who has been in crypto for a long time, maybe even smarter in theory than the others. they only look for results from writing for their lives but not many see and acknowledge what they write, because the analysis carried out is not necessarily liked and even true as you said, only spam articles.
must be more critical to respond to all analysts, who are not sure what is said must be true.

There are indeed many articles on the internet that I found saying bad things about Bitcoin, because Bitcoin haters will always look for ways to drop
Bitcoin. Including making articles that make Bitcoin look bad, but now it is very easy to get information on the internet. We only need to use
the searching feature on Google to find the information we want to know. We have to compare with articles that support Bitcoin and explain good
things about Bitcoin, then we can do our own assessment, whether Bitcoin is good or bad. We can also prove ourselves by using Bitcoin for
investment, trading, or even try to use Bitcoin as payment. That way it will be more convincing us whether Bitcoin is good or bad.

I've read a lot of books regarding stocks or investment and every books didn't forget to emphasize the so called financial experts and analysts that keep on bragging that stocks is not good for investment, a total kind of risk and a waste of time and money. And the article that OP has posted sounds same thing as what I have read. Now, that the trend of investment turned facing into cryptocurrency this so called experts and analysts were again present and pursuing people that this platform is not good, that this going to die soon or whatever. But at the end the true winner are not those experts and analysts that critics the platform but the one who knows the platform and take the risk.

This article is nothing but total criticism in Bitcoin and other cryptocurrency. Article is full of ads and reason,Author trying to criticize Bitcoin is totally dream.
Bitcoin is now most popular in real world and also pure usecase of bitcoin. Its mining on national bases.
I think we shoud care off this kind of spammy articles which usea their own analysis without knowing anything.

I don't really get why someone will just comeup with some unnecessary topics or posts just to get some traffic or views about some talks that has no meaning or bearing.
At the early time, when the means of exchange started, there was trade by bater, as civilization continues to grow, the use of precious stones where for exchange, and this all was done world wide, when English was not generally used by all. Now, English is used and a major means of communication between different region/language, and USD is used as a standard for international exchange, why don't they ponder on Bitcoin from the perspective of a new technology that will be used as time and technology grows.
Bitcoin is here to stay, and crypto currencies are to own the internet means of transaction, all this is over time.

The article is definitely another bluster about Bitcoin just to cause fud in the market because they didn't expect the market to experience the recent surge in price but I still don't understand why some people can't just see that the people of the 21 century welcome new innovation.
The article writer said 'If someone invents a cryptocurrency, any value is based solely on convincing others it has value. ' but Satoshi did not convince anyone that Bitcoin has a value which it doesn't have value when it was introduced before people see it as a new payment system.

It is understandable that they are don't want Bitcoin to be legalized and that's what happening in El Salvador also and I believe it caused by the opponent's political leader.

OP, you shouldn't be swayed by random article you find online because you have the ability to make your own judgment about how bitcoin works as a currency and a valuable asset. You know, there are a lot of people out there who hate bitcoin more than believe in it as a currency. But rest assured, this will only make bitcoin more publicly known. I don't think bitcoin is worth it because of government backing, but the value of bitcoin is there because it has its uses and function as a currency as well as an asset you can trade. Of course bitcoin is still very young to be called a currency that is known to everyone in all corners of the world. There is still a lot of time needed to make it stronger and its use as a currency is growing in popularity. Take a breath, and think again.

I have asked the same question: “Who needs cryptocurrency?  Despite its poor use and wildly speculative value changes, data mining to generate bitcoins is a serious environmental hazard, using up huge amounts of electricity by rows of computers.” 
These are the words of clowns who don't understand the times in payment system technology that can't be traced and and kill human thought systems that don't want to be controlled by something sovereign, so they give bad news to those who don't really understand cryptocurrencies.

If you ask me, 100 euros is just too low of a price for me to stoop that low and just talk trash of bitcoin's image, probably they have more than just money at stake, probably something more important like career or reputation, TV is a good way to get your name and face known to many people you know.

there is a saying that time is money and we should not waste time on things that are not important and I read and studied this article for a few minutes and after that I realized that I wasted my precious time on things that are not important.
maybe people who don't like btc will think this makes sense but i can't understand what is being said there and it's all bullshit explained in very long sentences

This article reminds me of the so-called analysts on TV that are paid like 50-100 EUR to come there and talk shit about Bitcoin and cryptocurrencies.Where I live now in Albania I have seen a lot of stupid claims regarding Bitcoin and cryptocurrencies in general.There has also been some arrests because the persons did the crime of stealing electric energy but the prosecution office also added to the accusations blasphemy like "Cybernetic Crime" "Factory that produce cryptocurrencies" and a lot of other nonsense which in any case were not true.

Bitcoin will forever be worth because nothing can stop bitcoin. Even if some countries ban bitcoin, bitcoin will still exist. As long as there is an internet network in this world. Just so you know bitcoin has been recognized as a commodity like gold. So bitcoin is like gold, but digital gold.

It's not even remotely related to cryptocurrency because these terrorists that OP is mentioning I assume are all out of touch with technology so there's a really low chance that they are going to use cryptocurrencies to fund their operations plus, fiat works for them really well because it's untraceable and it doesn't leave any paper trail and their gun supplier wants those guns get paid in something that the arms dealer can see and touch.

For those who have known bitcoin seriously, things like this won't be a big issue anymore because we have seen already news related to this even before. And banning of bitcoin will not be the best solution since it will only attract more people to get into bitcoin and this is really inevitable.

This article has even made no difference at all and leaves no impact not just for bitcoiners but even to those non-bitcoiners. So bye bye for bitcoin will no longer happen today, not even in the near future. Instead, bitcoin adoption is already waving.

Dude, FBI loves criminals who use bitcoin to fund or have their money move, because there's a public ledger that they can use to trace the movement and match it with the IP of the potential suspect. So no, it's not a fun thing to use when you are a criminal.

It’s an article written by a nocoiner-troll. I bolded the part of the sentence that precisely shows that Bitcoin HAS value. That part of the sentence is true. Why? Because its value proposition is from being censorship-resistant, its openess, and by making users become more self-sovereign. Criminals, or not criminals, the Honey-badger don’t care.

Of course there's nothing important in article, that's why I am posting it to share it with you people that there are still people out there that still thinks like this. Also, what kind of dumbass are you that you don't have a good or even an average reading comprehension? Didn't you read my OP? I said that I found it on Google news plus I am not a dumbass like you who shills with an account in this forum that doesn't have a taint of being a shill.

Well what if that bad news can help you make some money by subscribing and following it's development in the story? That would be a totally different story. I agree it's good for your mental health not hearing negative news but isn't there a thing such as a positive or negative news because in the eyes of the people who deliver the news, they're just saying what's the truth and what they're saying, it's up to us how we interpret the news. But this article is an exemption because it's not a news article or anything, it's an amalgamation of FUDs being thrown at bitcoin for years.

bye bitcoin, very scary and scary sentence, that's how people hate bitcoin, when they can't control bitcoin, they will do anything to bring bitcoin down, including saying inappropriate words, I feel bitcoin has gone through all the challenges, and people those who have played and know bitcoin for a long time, of course, whatever sycophants post about bitcoin, I'm sure they won't care..

Nothing is important on that article.. Tbh a bunch of ads,  and base on what i noticed is it's full of nonsense words and only negative thoughts like newbies. Lmao  well bro maybe your promoting that site just want to get some visitors for visibility? Coz i saw people doing the same way here in forum. And most of them using a good content but a totally crap sites like yours.

you should not spend your time from this from the start mate because this is indeed a waste of time.

actually what im doing everytime i encounter something like this? i blocked the site if there is a chance and i blocked also the person involved from all social media .

in that way i can pretend from becoming tormented by those words they gonna deliver and this is the practical way if we are really believing in crypto.

When there so many bad news appear the best thing i can do is avoid all of that because when i read all about that bad news it very make me stress and not healthy for my mentality. So if i see all of my investment going down because of that news, i just stay away and don't want to check my portofolio.

I didnt read it, I saw BY ROBERT A. MANNING, OPINION CONTRIBUTOR

Cheap Journalism, Robert A Manning obviously has his audience and knows what
they want to hear, he has taken a side but from the comments here its not our
side. I'm taking it that there is nothing new in the article he's just filling a column.

This article is another piece of trash which resides under the pile of such articles written by some who have no knowledge of cryptocurrency and bitcoin and only wants to show off.The author claimed that you only have to convince people it has value but in actual the value is determined by demand and supply curve which he might be ignoring.

Another Central bank puppet claiming that CDBC will counter btc and federal reserve needs to make such currencies but in actual how much financial debt is on countries and hyper inflation can cause economic collapse and these CDBC cannot counter it.So you don't need to respond or give attention to such article and move with your life of bitcoin.

Obviously some people have not done their research. Do they realize that many governments and people in the past have already tried to ban Bitcoin? I mean, go ahead and ban it. If people can overcome censorship from internet and great wall of china, then what makes you think people can't find a way to access Bitcoin on their own?

All the tools are out there, anyone can access. That's the beauty of Bitcoin.

right, by spreading negative news, of course, they hope the bitcoin price will drop drastically, and there they can take advantage by buying at a low price. but unfortunately at this time there are many bitcoiners who already understand market patterns, so news like this I don't think can have a big effect on bitcoiner psychology at this time

?
You tried to read the article a little more, seriously! We come to comment on bitcoin in this thread or is it about the lies they write on the internet to gain views on the bitcoin topic.

It is obvious that discussion is generated but we become part of the evil cycle of those who make poor articles like that.

Haters gonna hate and they will try to lure people (who believe in bitcoin) to leave or stay away from bitcoin and any other cryptos. There must be some group of people who are affected negatively with the existence of bitcoin, that's why these group of people try to spread FUD, Hoax or negative views about bitcoin. The only thing we can do is to ignore these kind of news, simple as that.

Fiat currency has government backing which involves the masses as well while crypto currency is sole dependent on it's investors what the next man is willing to offer. Since both parties involves people generally then it's really difficult for government to impose a ban on investors. The can only pose a treat whose effect will still depend on the reactions from the investors. News move the market but the manner to which people react to those news is what actually causes the spike so it's now on the investors to choose what fate lies for BITCOIN

Why bothering yourself with crap like this? the very beginning that you start reading and you know what crypto is then you have already have a clue what shit is this all about.

you have been in this forum for years and you have known bitcoin for long yet you spend your precious time reading this?
and the saddest part is? you even care to share this BS link here in forum?

that is nonsense mate and please distance yourself from things like that or else next time you will become a FUD spreader .

I saw the article a few days ago and this author is badly misinformed. They don't know how Bitcoin works yet they are against it. His main argument is about ransomware attacks . This is not really a solution because cyber attackers are already doing something that is illegal. They don't care about the law and as long as there is a black market for people to cash out their cryptocurrency they will still demand it as ransom. Banning Bitcoin also doesn't magically fix cyber security issues so even if they can't receive payment bad guys will still want to attack vulnerable infrastructure.

Its just too obvious that the writer of this article is against btc and not happy on why many people are still using it. I didnt finish reading the article but I already get his point, just another human being who are not favor to btc and prefer fiat because it was backed by the government.

Clearly we cant please everyone to see the good side of what we currently believe in about bitcoin. There are people who close their mind to engage themselves in crypto for some reason and its quite understandable. Bitcoin is only for people who believe in it despite of not having a physical form.

I do not think they will be interested in bitcoin because once they hate bitcoin, they will not start to search for the advantage of bitcoin instead of judging bitcoin negatively. Yes, maybe they do not need cryptocurrency because it has been used for illegal activity, but they do not see that bitcoin gives a chance for people to have money by invest in bitcoin. People can buy bitcoin and hold and do not do anything, just hold and sell whenever the price increases. By doing that, people's money will increase, which means they will have a chance to cover their bills and other expenses. As long as we can still use bitcoin, we do not have to think about them because we have our own options for our life and vice versa

Just a typical opinion that has always been common to those people that can't accept the fact that cryptos got enormous value and are in market cap.

They probably have missed a lot and instead of joining the crypto bandwagon, they've chosen to stay where they are and cannot move on with what the market is showing them.

This is also comes to my mind, (I didn't read the article is purely click-bait) the author perhaps doesn't really understand what bitcoin is, hence the personal rant.

I think we have seen this all over, specially in the beginning of bitcoin wherein there's a lot of author who attack in and then moving 5-10 years after, they have change their mind. I remember one news outlet who even try to mine bitcoin early so obviously they have bitcoins in their wallet. Unfortunately, they have thrown or discard the private key. They do it just to prove something. So fast forward 2021, when we had a new all time high at $64k, they've realized this big mistakes, they should have been millionaires by now.

I do hope that the author will not realized the same mistakes until it's too late.

Anybody who's heard of Bitcoin only from social media and did not proceed to understand it as it is might think Bitcoin is based solely on faith, that once a good number of people agree to put value to it and begin accepting it as a currency it would become one. It doesn't even count why Bitcoin earns such faith in the first place. Unlike fiat, there is really no reason for Bitcoin to get accepted by the first few persons who believed in it other than its features.

It's actually an anti bitcoin article that discourages the readers to patronize it. Of course it is vulnerable from hackers but its just one of the bad thing about it. Doesnt even realize there are many great things about bitcoin.

The blockchain system alone is beneficial to the other companies, the store of value which can be seen now as bitcoin's price is far different from the time it was created proves that its a success innovation.

The article doesn't really add up anything to the discussion as to why bitcoin isn't worth something. It basically is someone's personal rant on something that they don't fully understand, and how everyone should avoid it just because they don't like it. Articles like these are appearing from time to time and aren't really anything that's particularly interesting, or something that is really worth reading. Those who do not see value in pseudo-anonymous payments are probably those who are okay to give their information without even asking what the companies and governments are going to do with it.

Totally agree! The other members are right in saying that it is an opinion article by a person who does not know about bitcoin, the first sentences of the article confirm it.
I see it that he is an anti-Bitcoin and cryptocurrency writer that, like him, there are many that what they do is misinform.

Fortunately, we stick together to help people learn about bitcoin.
It is not easy but we are in the correct order that the technology is adopted in the largest companies. I'd like to see this guy's face when Amazon announces that it will receive bitcoin payments for whatever item its users want.

This article isn't a new story for me mate, I suggest to do more research about what's going on with that banning speculations. Many experts have been trying to pull down bitcoin and they're more like a crab grabbing btc down, yet nothing happened. The popularity increased every now and then, so I literally just tell those people who said things bad against bitcoin that it's not a bye bye bitcoin but rather good luck bashers.

Is that site not owned by someone who is desperately looking for money? Wonder what kind of site that is and wonder why there are so many sponsored posts there. IMO, this is just clout chasing.

Lol, they'll claim that they knew Bitcoin a long time ago but didn't feel like investing, whereas they are bashing it currently.

I think that currently some articles about btc are on the rise. Whether it's a good article about btc or a bad one. One example was when there were several countries that banned crypto and I saw at that time a lot of articles that vilified btc. Of course it will have an impact, even if it is not much, but it will still affect people who do not have the courage to deal with the crypto world. And if that happens and more people believe it then it will make the market even more chaotic than ever. Therefore, it is important for us to filter out articles that are worth reading or articles that do not need to be read. It's all to keep our minds from negativity and stay focused on our original goals when joining the crypto world.

If you read the article and thought it was all bullshit, then why even share over here? You are just helping them spread their hate for bitcoin. Just ignore them. There are lot of ignorant people out there. Most of them don't even know how bitcoin works, yet they act like they know everything. They all are just seeking attention. Nothing else. I bet the same person who wrote the articles is going to regret not investing in bitcoin after few years  .

What is up with the title op? Both the title and what you talked about don't really match well together which is why I suggest editing it to something more appropriate.

The article writer is dissing BTC and other cryptocurrencies for nonsensical reasons while promoting FIAT which is why I feel that he is an absolute idiot. He probably hates cryptocurrencies in general or simply wrote it for the financial incentive.

No matter how hard they try proving bitcoin as a worthless coin, people won't totally agree on it. Even how many times bitcoin will be bannned, it will only become more famous and more people will be curious on how bitcoin works.

I think this is not new to us as this issue on banning bitcoin and proving how worthless it is comes back in the market every now and then. But bitcoin has already made remarks on the people's lives and has given the people huge profits and earnings more than what fiat can offer to them.

Am not shilling for fiat but I must say what I can see and feel, btc is good yes but fiat still has the upper hand and is widely use till this very moment and perhaps till years to come, since fiat is the only source of transaction I can use for now I don't see why I should hate on it,  btc is only a decade and fiat has existed for centuries if am not mistaken, so it is only natural when you come across people defending it, lots of things as it is requires the use of fiat in other to achieve them, btc being a decentralized currency does not necessarily makes it a 100% perfect currency. I would prefer to use them both than have to choose one over the other.

I didn't bother to read it. Any article that tries to make cryptocurrencies look bad and banks good deserves zero interest from me. Especially when the title contains “It's time” and “ban”.

By clickling Ctrl + F and typing “CBDC”, it can be made even worse. 

No, it's not. If it costed over a billion dollars to extract a common rock from the ground, it wouldn't make it valuable. Bitcoin's value comes from the supply & the demand. That's all it. The demand of Bitcoin affects the mining cost not the opposite. Assuming the supply remains fixed (which is in Bitcoin), the demand is the only one responsible for the valuation. The more the demand, the more the miner's income, the more the miner's profit, the more the difficulty, the more the mining cost.

Simple as that.

This explains it all. The author is drooling after a crypto ban, and even if it happens all they're gonna do is prove themselves wrong. Say everyone moved to XMR suddenly - their entire policy of banning crypto is gonna drop to the floor, lol. You can't ban the unbannable.

I should've listened and now I regret wasting my time, reading an article written by a one-sided clown ^[SMH].

• Even "the hill" knew it:
  
  Quote from: bL4nkcode on July 29, 2021, 01:03:25 PM
  Why there are still writers write a subject they don't fully understand?  ┐(￣ヮ￣)┌
  
  1. They're attention-seeking whores.
  2. They're stupid.

The writer of the article just seemed to say it out the "nasty uses" of Bitcoin. Having your coin without any authority involved isn't a "nasty use" at all.
As what other mentioned in here, the first sentence pretty much tells it.

I used AdBlocker and the site begged to disable it for supporting the article.
Like hell I would read more from that writer.

bitcoins VALUE is based on cost of obtaining it. mainly it vibrates around the mining cost..(currently $25k china-$34k usa)
same as gold (mining cost is about $900)

bitcoins PRICE is value+ speculation.
same as gold (mining cost +speculation= spot price)

do not confuse value vs price

many times the speculation layer will bounce the price up 3x of value.. EG the $62k price while the value was more of the $20k-$30k range

if gold could be mined in peoples back yard using a spoon and a coffee filter for $2 per ounce. people would sell it speculatively all the way down to a support of about $4-$5
but because its $900. speculatively it goes above $1k but stays below $2k

bitcoin is the same.. if it cost $2 to mine 1 btc.. the price would fall the the $5 area

value is not price and price is not value.
the difference between the two is the speculative bit.. but that does not mean bitcoin is only specuiative

It's unbelievable that some people still carry on with this backward thinking. when most people or even if it's a person is willing to pay for something, then it's because that person saw value in something they want to pay, and no one can say that something is worthless because something has value to someone who is willing to pay. we have examples of shitcoins, they have value, even if I or someone else says they are shitcoins, but there are people who are willing to pay for shitcoin so shitcoin has value. I don't know why there are still people who are arguing about this type of subject just when this market is already at a very high level of adoption

Just really an obvious thing that the article writer itself doesnt really have much idea on what is bitcoin and would rather just telling on the basics about the cons of decentralized and anonymous payment system?
Its indeed a pure crap and i dont know on why the topic title itself is telling about bye bye bitcoin? Bye for what? We do have lots of negative sentiments and it cant really be count already by our fingers
and look on what happened? I did even rise up and leaving those no coiners or doubters in the bottom and majority of them is already having some regrets on why they havent
able to enter earlier and might able to make some good profits.

Bitcoin was the first and will long be known for that fact, however in producing such a low amount of 21 million it may have effectively ruled itself out of being useful in the long run. In order to be an effective currency, rather than a speculative asset like gold, it needs to be used regularly and the fees will need to be any rival payment systems that are already in existence. It has a use-case for transferring money over borders rather effectively, but you might argue that this is generally abused by the super rich than being helpful to the average user. That brings us back to day-to-day transactions, which cannot be effectively achieved by Bitcoin because there is a large lag time issue to resolve compared to existing electronic payment networks - this is a major disadvantage.

It's a typical "ban something that criminals use, that will surely stop crime" thinking. They don't realize that if you ban Bitcoin and crypto, it would only benefit criminals, because now they will be more careful and there will be no compliant exchanges to snitch on them and freeze their funds. It's a mindset of totalitarians to view banning as a solution to every problem.

Upon seeing this post, two possible possibilities came to my mind. One was how the theme would have circulated about, you actually loosing interest in bitcoin as a whole because, I have a lot of faith in bitcoin to serve as a world widely used currencysome aday amongst other uses. While two, would be about you living the forum for good just as Lauda did some time ago. Apparently that's not it but then the regular FUD that goes around when ever bitcoin seems to be having some bullish moves. Well, its never inevitable by the way.

Again, everything has got zero value until we award them some. Its the way it is. How cam you tell a monkey or some wild animal that money is actually of more value than the food placed before them. A cup of water in the desert could be worth more than a cow and I can tell you that. Value is what the world apparently agree unconsciously to award a thing. Its life!

We should not believe everything what we read on the internet and let's always check the source carefully because fake news are everywhere. We can't trust anyone who published some news/article especially if it's not a known source. People would always make a fake news/article just to make some money through incentives despite of what was the real story they always tend to make them interesting by making some stories or adding up some stories.

Better read somewhere else where they know what they were doing. Perhaps, a newspaper headlines but I don't know if people would still rely on news paper when they have phones on their hands already.

It turns out that there are still articles like this when the whole world has recognized the existence of Bitcoin. usually this is just to scare away beginners who want to dive into the world of cryptocurrency.
excerpt from that damn article

Like trying to pit the government against the government and trying to turn the truth out of it. I hope dai isn't Warren's stooge. LOL

Based on the article I conclude: that the article was created on the basis of dislike or excessive hatred. Does not feel the source as it should be presented in the article. The author of the article tries to bend the facts that have been proven and we can witness. Even a layman who doesn't own Bitcoin and cryptocurrency if he reads this article, who is this person will laugh.
Because there are no values or lessons to be learned. The more you read to the end the more I want to meet the maker and spill a glass of Beer over his head.
Let the garbage articles strewn on the road that will only be used as welding for sleeping street dogs.

The very first sentence says it all "I’ve never quite understood why cryptocurrencies are worth anything". Definitely, not an opinion people here would care.

Why there are still writers write a subject they don't fully understand?  ┐(￣ヮ￣)┌

saw this article on my Opera browser yesterday. the author never bothered looking deeper into bitcoin because if he had, he wouldn't have said what he said in the first sentence of his article. you can't really take someone seriously if they already have the main motive before they starting writing this article.

I think the GPU stuff isn't an issue for somme because it's not like you can get good just by getting a better GPU, in my opinion the gamers that whine about GPU prices are really bad at playing so they try to focus the blame on other things. Regarding media shills or just shills, probably the reason for their shilling is they're paid. It's not like fiat is altogether bad, it's the people that back fiat and try to badmouth bitcoin as a worthless when they are essentially the same.

Just know that Fiat is not a stable currency, it is controlled by the government, its value will decrease over long time period. Alternative to Fiat is good, Bitcoin is alternative to Fiat while it remain individual to be wise enough that Bitcoin is an appreciative asset unlike Fiat which is depreciative.

It should be that is Bitcoin resulting to global warming, the green energy used to mine bitcoin is increasing, if the miners are able to pay electricity bill, or able to power their own mining machines, that should not be a problem.

I will be specific. Bitcoin is deflationary, it is an appreciative asset, it reach all-time-high and will still reach all-time-high. Fiat is inflationary, controlled by the governments, and the central control is declining Fiat's value.

I have exchanged Bitcoin to Fiat countless number of times, it is very suitable means of exchange for me and many other Bitcoin users. But, Bitcoin to be a store of value should be the best.

Can people make use of something useless, bitcoin are useful, people are using it, criminals are people, but a lot of bitcoin used for criminal purposes has been recovered back. In my country, terrorist called Boko Haram, bandits and other kidnappers demand for Fiat not Bitcoin not cryptocurrencies, the Fiat payment is direct, which is beyond traceable.

The funny thing is.... these Fiat slaves (media shills) are more than willing to accept that a government "promise" to validate the worth of a piece of paper are worth more than a technology that are not manipulated by any government or centralized entity. 

When I ask "gamers" if they think a "skin" for a game has any value, they quickly say "YES" !!!..... but ask them if a Bitcoin (code) has any value.. then suddenly it has no value. (I think a lot of gamers are still butt hurt that GPU prices increased... since Crypto mining are using GPU's to mine Crypto)

So what I am trying to say is this.... Your opinion on Bitcoin's value comes from your agenda towards this technology. (Most gamers hate Crypto because it pushed up the prices of GPU's and most Fiat slaves hate Bitcoin, because it introduced a viable competition to the only thing they know.) 

I tried to read a bit further into the article but all I've read was just pure blasphemy on bitcoin and most of the claims can easily be countered in an argument.

I think the reason for these people still think this way is that they aren't fully immersed in the product and they all base their opinions on what's already in the air and just pick up and recycle then say something and sound intellectual. I think the only way is for us to introduce bitcoin to these people because most of them are just ignorant.

+1

Seriously, it was fine when six or seven years ago there were some self-proclaimed experts explaining how Bitcoin is untraceable and anonymous and hence the perfect tool for criminal activities. What really shocks me though is that sometimes on TV or in the newspapers there are still academics, like professors in economics, who talk the way about Bitcoin that newbies talked about it in 2012/2013. That's just shocking and concerning at the same time when you know these guys are giving economics classes.

The article is not to be taken seriously. He's just repeating the criticisms of bitcoin that most or us already know. Ignore, move on and focus on accumulating more BTC while critics continue to cry watching from the sidelines.

The article is about cybersecurity so it's clear that the author would never understand.

So many ads in this article. I try to read it and when read a couple of lines then ads popping up which discourages me to read all the articles. What I realize the article trying to say Bitcoin is not worth anything. This isn't new for us, many people already want to prove Bitcoin is worthless. But at the end of the day, nothing happens. Most likely no one can prove worthless Bitcoin. It will just exist as a dream. As much as a ban will happen, it will be more popular, doesn't matter price dump or pump, it's a different story.

From the article: "I’ve never quite understood why cryptocurrencies are worth anything. Of course, the untraceable payments are worth a lot to ransomware hackers, cyber criminals and money launderers."

Just from reading the first 2 sentences alone from that article, you'd immediately realize you're about to read pure crap.

I opened my phone and turned on the Internet connection in it and I was bombarded by notifications, Gmail spams, Facebook notifications, Messenger chats and others but one thing that piqued my interest was this article in Google News. It talks about how bitcoin should be banned or something, I tried to read the whole article but I feel like it's just a rant about how bitcoin is worthless and the value of it is based on faith in reality it's the same as fiat, it's just that it's backed by the government that's why it has value, I mean if you go back to bronze age and you ask for a blacksmith to make you a sword and you pay the blacksmith a piece of paper telling the blacksmith that it has value, the blacksmith would probably laugh at you and just give you the sword for free since you aren't right on the head.

Here's the link to that article: https://thehill.com/opinion/cybersecurity/564696-bye-bye-bitcoin-time-to-ban-crypto-currencies