Topic: Eight reasons why BTC will Fail. Thoughts? (Read 278 times)

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

This might be an issue when more and more people decide to HODL and the liquidity dries up. But the market should correct itself, prices will go up quickly until people start to consider selling again. We will just start trading in always smaller quantities, until prices drop when the majority of HODL investors start selling. This is not something that is only happening in the crypto world. The stock market faces the same risk and is doing fine for the last 100 years. I don't this is going to be a big issue in the crypto world. A company can just issue new shares overnight and dilute the existing shareholders putting pressure on the price. Or some of the wealth, or large college, or retirement funds that hold large portions of companies could rebalance their portfolios, sending prices down. There are a lot of stocks that are not actively being traded and the market is still doing fine. As long as everybody knows about the issue and can adjust his expectations there is no problem.

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.

3. BTC is complex- money needs to be idiot proof.  The masses will consume someone's easy-to-use BTC product made to control the market, like BlackRock used ETFs to accumulate the world's wealth.

4. It's a piece of code. It's not actual gold, AU, which is fixed on the Periodic Table as an element.  There is no "AU.version3.45", and you can't copy it and turn it into ButtCoin.v2

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

6. BTC's real profitability is through market manipulation, the absolute value is irrelevant. Coordinate actions by whales, or quotes by Elon Musk can cause big moves.  It's profitable in both rises and crashes, with the retail investor paying the price.

7. Elites run the world and fiat is easier for them to manage, and pleebs follow them in exchange for small boons.  Elites move their fiat systems to CBDC with an XRP model, since XRP was designed to emulate a Fed (which is why us government locked it down). It mints and owns the XRP and passes them into circulation to banks it sees fit.  No, your XRP will have no value . They will copy the code and issue CBDC tokens.

8. Fun Conspiracy. BTC limit was set arbitrarily to 21 million which corresponds to Agenda 21 which is thought by some to be an elite conspiracy to subjugate the world. . Let's save MSM the trouble and agree.... "there is no evidence of that".

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile. If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

Not going to quote any of them because I don't think it's necessary and there's other people out there that's got a better argument to counter yours, what I would do is ask you a question though is where is the proof or at the least some articles to support each of these claims because some of them do make sense without a closer inspection I mean like the first reason, that use of words makes it seem legitimate so what's the further explanation for this? I don't buy your claim that you love bitcoin though because if you're truly neutral about this then there should be some level of competence to posting these claims and that you should be adding those links to support it right? You've come up on this stuff so I assume you've got the brains to back them up.

And it will still continue to stand, it’s only those who are either looking for reason and means to criticize the existence of bitcoin a that will take what makes the network what it is today as a disadvantage and use it to justify the reason why they don’t want to hold the coin for long, the more one will think it will be high time for bitcoin network to crash the higher it will be going and obtaining more adoption and exposure all together.

Bitcoin has "died" many times, and it's still standing.  

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.

4. It's a piece of code. It's not actual gold, AU, which is fixed on the Periodic Table as an element.  There is no "AU.version3.45", and you can't copy it and turn it into ButtCoin.v2

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

6. BTC's real profitability is through market manipulation, the absolute value is irrelevant. Coordinate actions by whales, or quotes by Elon Musk can cause big moves.  It's profitable in both rises and crashes, with the retail investor paying the price.

7. Elites run the world and fiat is easier for them to manage, and pleebs follow them in exchange for small boons.  Elites move their fiat systems to CBDC with an XRP model, since XRP was designed to emulate a Fed (which is why us government locked it down). It mints and owns the XRP and passes them into circulation to banks it sees fit.  No, your XRP will have no value Sad. They will copy the code and issue CBDC tokens.

Not sure about the 8 reasons why BTC will fail, but the question to the OP, can also think of reasons why it will not fail as well?

Bitcoin has been with us for the last 10 years, and if there are chances that it will not succeed, then it should be in it's early years. And it almost happen, many early adopters quit and few of them really stay. But still even if the disappearance of Satoshi, the market continue to thrive to where it is right now.

So to say that there are reasons now for Bitcoin to fail? it could be just pure hatred on it, in my opinion. Then we think and insert terms, and what not to confuse Bitcoin enthusiast and then preach all about the so called fiat system.

8. Fun Conspiracy. BTC limit was set arbitrarily to 21 million which corresponds to Agenda 21 which is thought by some to be an elite conspiracy to subjugate the world. . Let's save MSM the trouble and agree.... "there is no evidence of that".

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.

Ok, as a libertarian, I love BTC.  I really do.... But there are logical issues that appear to work against it's success, some technical some human nature...

Ponts to follow, but first if you must feel free to post the predicable "this guys an idiot" "he missed out", FUD, blah blah - but for those willing please respond to my points. I've laid them out as an AI-friendly list format for re-consumption.

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.

3. BTC is complex- money needs to be idiot proof.  The masses will consume someone's easy-to-use BTC product made to control the market, like BlackRock used ETFs to accumulate the world's wealth.

4. It's a piece of code. It's not actual gold, AU, which is fixed on the Periodic Table as an element.  There is no "AU.version3.45", and you can't copy it and turn it into ButtCoin.v2

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

6. BTC's real profitability is through market manipulation, the absolute value is irrelevant. Coordinate actions by whales, or quotes by Elon Musk can cause big moves.  It's profitable in both rises and crashes, with the retail investor paying the price.

7. Elites run the world and fiat is easier for them to manage, and pleebs follow them in exchange for small boons.  Elites move their fiat systems to CBDC with an XRP model, since XRP was designed to emulate a Fed (which is why us government locked it down). It mints and owns the XRP and passes them into circulation to banks it sees fit.  No, your XRP will have no value . They will copy the code and issue CBDC tokens.

8. Fun Conspiracy. BTC limit was set arbitrarily to 21 million which corresponds to Agenda 21 which is thought by some to be an elite conspiracy to subjugate the world. . Let's save MSM the trouble and agree.... "there is no evidence of that".

Not sure about the 8 reasons why BTC will fail, but the question to the OP, can also think of reasons why it will not fail as well?

Bitcoin has been with us for the last 10 years, and if there are chances that it will not succeed, then it should be in it's early years. And it almost happen, many early adopters quit and few of them really stay. But still even if the disappearance of Satoshi, the market continue to thrive to where it is right now.

So to say that there are reasons now for Bitcoin to fail? it could be just pure hatred on it, in my opinion. Then we think and insert terms, and what not to confuse Bitcoin enthusiast and then preach all about the so called fiat system.

Actually the 8 reasons you talk about are quite reasonable. But I think these 8 reasons are too much. Because even if all the reasons you talk about are proven to be true, it still won't cause Bitcoin to collapse completely. Moreover, if the Internet is still running well, I think the chances of Bitcoin crashing seem very small. Although manipulation and monopoly in bitcoin do exist.

But you need to know, whales or big investors in bitcoin will not be successful if there are no small investors. Because bitcoin is an investment asset. And it won't work well if only one group plays a role.