Topic: Is Bitcoin Going To Zero? - page 7. (Read 24798 times)
Absolutely not! It costs more to mine 1 btc in electricity then one can purchase it on the open market. listen to Andreas lecture on bitcoin mining and economics. I have a 10 MW mine and trust me its not going to zero! Or at least I hope not! But I am almost certain it wont!
Here's a hilarious article from Forbes with same tittle: Is Bitcoin Going To Zero? What makes it particularly hilarious is the author's striking inability to understand that to make a consistent and coherent argument he has to tie up loose ends in his logic and reasoning
At first, he claims that Bitcoin is effectively dead as it has no value because it "doesn't produce any products or services". And then, all of a sudden, he proceeds to assert that Bitcoin's characteristics such as "a store of value that easily crosses borders around the globe" and "the comfort of anonymity it can provide" have only persisted because governments have largely allowed cryptocurrencies to exist
Am I the only one who feels like the author makes mutually exclusive claims in this piece of shit? If Bitcoin is in fact as dead as a doornail, it can't possibly possess all these benefits and advantages he mentions, and so no government intervention is actually required to get away with it. But if, nevertheless, the government intervention is still required to get done with Bitcoin, it doesn't look like being dead at all, right?
In short, haters gonna hate. Bitcoin is money but money itself doesn't produce any products or services on its own. Does that take anything from its value as long as it is not fiat hyperinflated (when it basically stops being money)? Essentially, as money Bitcoin produces transactional utility upon which things like a store of value or "comfort of anonymity" are built. Thus, this argument doesn't hold even when taken separately, on its own "merits"
:At first, he claims that Bitcoin is effectively dead as it has no value because it "doesn't produce any products or services". And then, all of a sudden, he proceeds to assert that Bitcoin's characteristics such as "a store of value that easily crosses borders around the globe" and "the comfort of anonymity it can provide" have only persisted because governments have largely allowed cryptocurrencies to exist
Am I the only one who feels like the author makes mutually exclusive claims in this piece of shit? If Bitcoin is in fact as dead as a doornail, it can't possibly possess all these benefits and advantages he mentions, and so no government intervention is actually required to get away with it. But if, nevertheless, the government intervention is still required to get done with Bitcoin, it doesn't look like being dead at all, right?
In short, haters gonna hate. Bitcoin is money but money itself doesn't produce any products or services on its own. Does that take anything from its value as long as it is not fiat hyperinflated (when it basically stops being money)? Essentially, as money Bitcoin produces transactional utility upon which things like a store of value or "comfort of anonymity" are built. Thus, this argument doesn't hold even when taken separately, on its own "merits"
all bitcoin users expect bitcoin to return to normal,
but unfortunately until now it is still questionable, will bitcoin return as before?
no one can predict whether bitcoin prices will rise or fall next year.
I think it will not happen in this year or near 2020 because we can see that Japanese and other EU already legalize bitcoin as legit transaction.
Of course I'm hoping that it will not happen instead I'm expecting bitcoin able reach more than $ 20.000
It require major disaster and for somehow all government around the world forbid bitcoin as payment transaction at same time !
Of course I'm hoping that it will not happen instead I'm expecting bitcoin able reach more than $ 20.000
I don't think it will be abandoned by everyone and end up at zero, there are still many people who believe in bitcoin and will be able to make bitcoin survive. Setbacks this year will not be the end of bitcoin, and even though bitcoin is currently down, but bitcoin still has a chance to increase again.
It require major disaster and for somehow all government around the world forbid bitcoin as payment transaction at same time !
I don't think it will be abandoned by everyone and end up at zero, there are still many people who believe in bitcoin and will be able to make bitcoin survive. Setbacks this year will not be the end of bitcoin, and even though bitcoin is currently down, but bitcoin still has a chance to increase again.
No, I think bitcoin will not return to zero, because now bitcoin is very popular and has more users, even though now bitcoin is declining but bitcoin will definitely rise again, keep calm and wait for the bitcoin to rise soon.
Thousands of rich BTC holders and hundreds of Bitcoin millionaires will never let this cryptocurrency fall so greatly. Soon, the number one crypto will start its run to the Moon, and we will make money again.
I completely agree with your reasoning. If bitcoin is dead and has no product either does it provide any services then various government and their agents will not be working tirelessly to regulate or ban cryptocurrency outrightly. Bitcoin and other cryptocurrencies provide service through P2P transactions and making it easier for money to be in the hands of the poor.
No in my point of view bitcoin won't be back to zero figure, yes no doubt bitcoin has been suffering a lot throughout the year but it doesn't mean it would be zero. The black market will recover soon at the same time the bitcoin price will high enough. So keep patience and let's hope for the best.
never think bitcoin is going to zero .usd and euro will be zero and crypto will save world from crisis.bitcoin will definately touch the moon.
bitcoin is a decentralized crypto and best technology.
I don't believe bitcoin will return to zero, because there are many users around the world. They are a bitcoin support, and always move trade, so that bitcoin will not die. If the price of bitcoin decreases, it's true. But that does not mean going to zero. The most widely used digital currency in the whole world is bitcoin, meaning that bitcoin is able to remove the obstacles that have occurred so far in transactions using fiat money. bitcoin is a decentralized crypto and best technology.
He is just joining the bandwagon because Bitcoin is dropping but he will eventually lose his credibility once Bitcoin is up again and right now it's gaining ground, I think this author is not fully aware how many times Bitcoin dies, in fact, there is a website that counts how many times Bitcoin dies.
I admit that the author of the article is a good writer, but the purpose of his writing is questionable. I guess he may be employed by some whales trying to manipulate the price, although I don't think this is FUD because there is I agree with him on some points, but I disagree with his view that Bitcoin lacks practicality.
Here's a hilarious article from Forbes with same tittle: Is Bitcoin Going To Zero? What makes it particularly hilarious is the author's striking inability to understand that to make a consistent and coherent argument he has to tie up loose ends in his logic and reasoning
At first, he claims that Bitcoin is effectively dead as it has no value because it "doesn't produce any products or services". And then, all of a sudden, he proceeds to assert that Bitcoin's characteristics such as "a store of value that easily crosses borders around the globe" and "the comfort of anonymity it can provide" have only persisted because governments have largely allowed cryptocurrencies to exist
Am I the only one who feels like the author makes mutually exclusive claims in this piece of shit? If Bitcoin is in fact as dead as a doornail, it can't possibly possess all these benefits and advantages he mentions, and so no government intervention is actually required to get away with it. But if, nevertheless, the government intervention is still required to get done with Bitcoin, it doesn't look like being dead at all, right?
In short, haters gonna hate. Bitcoin is money but money itself doesn't produce any products or services on its own. Does that take anything from its value as long as it is not fiat hyperinflated (when it basically stops being money)? Essentially, as money Bitcoin produces transactional utility upon which things like a store of value or "comfort of anonymity" are built. Thus, this argument doesn't hold even when taken separately, on its own "merits"
At first, he claims that Bitcoin is effectively dead as it has no value because it "doesn't produce any products or services". And then, all of a sudden, he proceeds to assert that Bitcoin's characteristics such as "a store of value that easily crosses borders around the globe" and "the comfort of anonymity it can provide" have only persisted because governments have largely allowed cryptocurrencies to exist
Am I the only one who feels like the author makes mutually exclusive claims in this piece of shit? If Bitcoin is in fact as dead as a doornail, it can't possibly possess all these benefits and advantages he mentions, and so no government intervention is actually required to get away with it. But if, nevertheless, the government intervention is still required to get done with Bitcoin, it doesn't look like being dead at all, right?
In short, haters gonna hate. Bitcoin is money but money itself doesn't produce any products or services on its own. Does that take anything from its value as long as it is not fiat hyperinflated (when it basically stops being money)? Essentially, as money Bitcoin produces transactional utility upon which things like a store of value or "comfort of anonymity" are built. Thus, this argument doesn't hold even when taken separately, on its own "merits"
Certainly, the article was really hilarious things. Their basis for me is not valid, in fact, I've been thinking that this must be their strategy to get the value of bitcoin will get down more in the market then when its done they will buy a huge of it then hold. But this was just my idea and opinion and only. It may go dump but not straightly going down to zero.
In my opinion, bitcoin will not go beyond on zero maybe the value is just decreasing. Many are speculating to destroy or distract the image of bitcoin.
Bitcoin one digital asset which is very popular now since it was released in 2009 until now it continues to grow and is famous now to return to zero I doubt, for the time being it is not just bitcoin that has dropped all coins experiencing the same thing, I am sure bitcoin will get up and get back.
With its popularity I don't even know if BTC is going to drop on that ZERO DIGIT, and because of these HATERS which they want to kill BTC is impossible, a lot of people are heavily relying on BTC and because the price is dropping a lot of haters are trying to warn people that it will die which will not happen
, it is really hilarious and I think that these haters won't stop, but who cares about them? they can keep on hating but nothing will happen.
Bitcoin one digital asset which is very popular now since it was released in 2009 until now it continues to grow and is famous now to return to zero I doubt, for the time being it is not just bitcoin that has dropped all coins experiencing the same thing, I am sure bitcoin will get up and get back.
You can title that thread will Apple goes to zero
Nor Apple or bitcoin will goes to zero
In a case of bitcoin it is still best performing asset in the world
But i am much more optimistic in a case to bitcoin than Apple
Actually people are who pretend bitcoin as an asset, originally bitcoin was created to become a medium of exchange not as asset. Sathosi nakamoto named it with "bitcoin" not "bitasset", even if only see at it's name then we will know for what purpose bitcoin was created. Bitcoin is the future of money, people in the past do barter, then use gold, then use coin, then use paper money, and now it's the time for people to use bitcoin. Bitcoin will not going to zero because it's the future of money. Nor Apple or bitcoin will goes to zero
In a case of bitcoin it is still best performing asset in the world
But i am much more optimistic in a case to bitcoin than Apple
never think bitcoin is going to zero .usd and euro will be zero and crypto will save world from crisis.bitcoin will definately touch the moon.
bitcoin is a decentralized crypto and best technology.
USD and euro are legal money which accepted in almost all country on this world. Those will be not become zero as long as people live imo a.k.a forever.bitcoin is a decentralized crypto and best technology.
Actually it's hard to say, but bitcoin has survived for over 10 years since it founded by satoshi.
Bitcoin is very usefull for our transaction so I am sure that people need it to become cashless society.
This. +1 
I think the guy is disrespecting Nakamoto's work and downplay everything Bitcoin has accomplished over the last ten years, I don't know if this is his first article about Bitcoin but he is so idiot and so ignorant to perceived that Bitcoin has no value, all the fiat in the world only had value because of the confidence and trust people put to it.
Many people who don't clearly understand about makes their own opinion which make bitcoin image down. People should acknowledge that bitcoin has many advantages. I agree with you mate, bitcoin is only a money and not a product. Bitcoin will not going to Zero, if you ask me which one I choose bank transfer or bitcoin then I will choose bitcoin because there is no limitation, fast and lower cost. Bitcoin is very usefull for our transaction so I am sure that people need it to become cashless society.
You can title that thread will Apple goes to zero
Nor Apple or bitcoin will goes to zero
In a case of bitcoin it is still best performing asset in the world
But i am much more optimistic in a case to bitcoin than Apple
Nor Apple or bitcoin will goes to zero
In a case of bitcoin it is still best performing asset in the world
But i am much more optimistic in a case to bitcoin than Apple
Well, to be fair, we have seen some "tech titans" from the 90s crash & burn. Comparing to a stock is tough.
Let's face it: It's not impossible, and I think everyone invested in Bitcoin should be aware of the potential. It's unhealthy for everyone to follow Bitcoin like a cult. But I don't believe Bitcoin will be $0, at the very least, I think it will maintain the price it's currently at (or a little lower)
You can title that thread will Apple goes to zero
Nor Apple or bitcoin will goes to zero
In a case of bitcoin it is still best performing asset in the world
But i am much more optimistic in a case to bitcoin than Apple
you're right, whatever it is of course it has the potential to be zero. however, we all have a good sense of optimism in this regard. well, and of course that makes us more excited. waiting for the price of bitcoin to be zero will only make you miss the train. Nor Apple or bitcoin will goes to zero
In a case of bitcoin it is still best performing asset in the world
But i am much more optimistic in a case to bitcoin than Apple
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