The misleading FUD of bitcoin going zero $ - page 3.

betswift

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Quote from: BADecker on December 01, 2024, 07:08:13 PM

There will be a solar or war EMP, or a hack that will take down all crypto and the whole banking system. Cash is a good thing. Gold and silver is better. Crypto will be done for when the electricity is shut off. Land with water is best.

Cool

That's the best one out there I have seen yet in this thread.
Buy gold while you can Grin

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Quote from: davis196 on December 02, 2024, 02:14:01 AM

Quote from: Familian on December 01, 2024, 02:57:08 AM

Within a decade ago there were couples of rundown on bitcoin going to zero $, as at then it was a bone of contention but now with bitcoin reaching a new ATH $99k with imminence to break above $100,000, all of those master plans and orchestrated lies to cause FUD about the future of bitcoin going zero has now lost base.

Today, I can only but imagine the thoughts, reactions and the regrets of those who took those rundowns seriously and failed to invest in bitcoin a decade or some 7, 6 years ago.

The possibility of Bitcoin going to down to zero remains. The question is when it will happen. The fact that Bitcoin is close to 100K USD doesn't mean that BTC won't become obsolete at some point in the future and it's price would drop to unprecedented levels(maybe zero).
Back in 2015, I also thought that the BTC price will crash from 300 USD down to zero. I had little to no knowledge and experience and I thought that Bitcoin is some weird project, that won't survive for more than 5 years. I was wrong. It's normal to have wrong expectations and opinions about something you know nothing about.

The volume and sheer size of BTC now become much more bigger than in your days - so you don't see it happening to the zero itself - however, of course, many things can happen in the decades to come, but not the downfall of BTC for sure. Because in order to do so world should be united in the cause of toppling BTC for good in my book.

davis196

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Quote from: Familian on December 01, 2024, 02:57:08 AM

Within a decade ago there were couples of rundown on bitcoin going to zero $, as at then it was a bone of contention but now with bitcoin reaching a new ATH $99k with imminence to break above $100,000, all of those master plans and orchestrated lies to cause FUD about the future of bitcoin going zero has now lost base.

Today, I can only but imagine the thoughts, reactions and the regrets of those who took those rundowns seriously and failed to invest in bitcoin a decade or some 7, 6 years ago.

The possibility of Bitcoin going to down to zero remains. The question is when it will happen. The fact that Bitcoin is close to 100K USD doesn't mean that BTC won't become obsolete at some point in the future and it's price would drop to unprecedented levels(maybe zero).
Back in 2015, I also thought that the BTC price will crash from 300 USD down to zero. I had little to no knowledge and experience and I thought that Bitcoin is some weird project, that won't survive for more than 5 years. I was wrong. It's normal to have wrong expectations and opinions about something you know nothing about.

FortuneFollower

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Quote from: retreat on December 02, 2024, 01:28:21 AM

There are many people who make FUD against Bitcoin, and I think until now there are still people who spread FUD about it and say that it will disappear in the next few years. But what is certain is that FUD is created by people who don't like Bitcoin and want Bitcoin to disappear from this world quickly, and that is their choice to say that, but only fools believe their words, because it can be seen for yourself even though the FUD is spread but until now Bitcoin continues to grow and even continues to print new ATH, that is a fact and everyone can see for themselves. So it is our choice whether we want to listen to what they say or believe in the potential of Bitcoin.

Yeah, people who put analysis and effort into the BTC and the knowledge about it would never see the FUD about it as something true in the long run.
So, usually, it's okay just to ignore such "waves" in the news or from the influencers and stay on the course we already are.

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Quote from: MusaMohamed on December 02, 2024, 01:45:41 AM

Quote from: Plaguedeath on December 02, 2024, 12:25:06 AM

Satoshi have predicted Bitcoin in the next 20 years, this year is the 14th years when he said that, so we're still in the progress to see Bitcoin going to zero or might be a Million. Honestly, it's hard to see Bitcoin going to zero.

Quote from: satoshi on February 14, 2010, 10:52:23 AM

Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.

With this adoption trend since 2009, we don't need 20 years to be sure that Bitcoin transaction volume and trading volume will become very large in 2029 as Satoshi Nakamoto predicted.

That time will be only 5 more years since 2024, and there will be one more Bitcoin halving, one more market cycle till 2029, which can be a most bullish year of a next market cycle. Adoption grows well, transaction volume grows and trading volume becomes considerable larger with time, and these trends won't stop or be broken in 2028 and 2029 bullish years. Therefore, it's very less likely Bitcoin will fall to $0 in 2028, 2029 or farther in future.

Yeah, I too don't see it happening.
After all, - it wouldn't fall to $0 dollars in any case, even in the worst-case scenario.

MusaMohamed

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Quote from: Plaguedeath on December 02, 2024, 12:25:06 AM

Satoshi have predicted Bitcoin in the next 20 years, this year is the 14th years when he said that, so we're still in the progress to see Bitcoin going to zero or might be a Million. Honestly, it's hard to see Bitcoin going to zero.

Quote from: satoshi on February 14, 2010, 10:52:23 AM

Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.

With this adoption trend since 2009, we don't need 20 years to be sure that Bitcoin transaction volume and trading volume will become very large in 2029 as Satoshi Nakamoto predicted.

That time will be only 5 more years since 2024, and there will be one more Bitcoin halving, one more market cycle till 2029, which can be a most bullish year of a next market cycle. Adoption grows well, transaction volume grows and trading volume becomes considerable larger with time, and these trends won't stop or be broken in 2028 and 2029 bullish years. Therefore, it's very less likely Bitcoin will fall to $0 in 2028, 2029 or farther in future.

retreat

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There are many people who make FUD against Bitcoin, and I think until now there are still people who spread FUD about it and say that it will disappear in the next few years. But what is certain is that FUD is created by people who don't like Bitcoin and want Bitcoin to disappear from this world quickly, and that is their choice to say that, but only fools believe their words, because it can be seen for yourself even though the FUD is spread but until now Bitcoin continues to grow and even continues to print new ATH, that is a fact and everyone can see for themselves. So it is our choice whether we want to listen to what they say or believe in the potential of Bitcoin.

headingnorth

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NO SHITCOIN INSIDE

They said it would never hit $1000. Then they said it will never hit 10K. Then they said it would never hit 20K, ad nauseum.

Whenever bitcoin reaches another milestone in price, you can always count on the haters to keep moving the goalpost.
What will they say when btc hits 100K for the first time? That it will never reach 110K? I hope they have fun going broke trying to short bitcoin.

Plaguedeath

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Quote from: LogitechMouse on December 01, 2024, 10:42:00 PM

I wonder where those are anti-Bitcoin in the past that's been constantly bashing and criticizing Bitcoin here and there.

Here's one of the popular naysayer, why he didn't appeared to the public and give his opinion about Bitcoin right now? Cheesy

Quote from: Alpha Marine on December 01, 2024, 05:05:19 PM

I do not know what the future holds, but a future with no demand for Bitcoin will mean something very unexpected and unexplainable happens like a world war or something.

Satoshi have predicted Bitcoin in the next 20 years, this year is the 14th years when he said that, so we're still in the progress to see Bitcoin going to zero or might be a Million. Honestly, it's hard to see Bitcoin going to zero.

Quote from: satoshi on February 14, 2010, 10:52:23 AM

Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.

yhiaali3

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Yes, there have been a lot of FUD phrases over the years like “Bitcoin is dead”, “Bitcoin bubble”, “Bitcoin crash”, etc., but they are all a thing of the past and Bitcoin is moving forward to surpass 100k.

I think those people who tried to spread FUD were of two types, some of them did not really believe in Bitcoin and tried to scare people based on their lack of knowledge and false belief in Bitcoin.

The second type, the whales, were not innocent and tried to spread FUD intentionally in order to scare people and sell their Bitcoin at cheap prices so that they could buy and sell it at high prices later.

LogitechMouse

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Quote from: Familian on December 01, 2024, 02:57:08 AM

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Today, I can only but imagine the thoughts, reactions and the regrets of those who took those rundowns seriously and failed to invest in bitcoin a decade or some 7, 6 years ago.

I wonder where those are anti-Bitcoin in the past that's been constantly bashing and criticizing Bitcoin here and there.
I wonder where those people are who are constantly saying that "Bitcoin is dead" whenever its price goes down double-digit in just a single day.
I wonder where those so-called gurus are that are constantly talking sh*t about Bitcoin when its price is still at 4-digit or even 5-digits.

We've seen lots of criticisms, bashing and constant negative things that are being thrown towards Bitcoin in the past. I still remember the time where there's a website where they're tracking the number of times where people said, "Bitcoin is dead". Things like "Bitcoin is a ponzi scheme", or "Bitcoin is a fraud" and many more are being thrown, but those people are gone already while Bitcoin and we as investors are still here.

There might be some who are regretting, and there might be some that aren't because possibly they're rich already back then. Whatever the case is, Bitcoin will stay just like what many are saying. To those who are saying the same things in the past until now, "Just come and invest into Bitcoin like we are doing."

Darker45

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Bitcoin has been proving critics wrong countless of times. Bitcoin going to zero has zero basis. But you know what's interesting? There are still so many people out there who aren't yet convinced.

What's even more interesting is that those who failed to buy 6, 7, 10 years ago, and have regretted it, won't still buy today. Their fears and doubts have been proven wrong time and again and yet they never run out of reasons not to buy. They're probably thinking they're too late. They will have new regrets years from now.

BADecker

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There will be a solar or war EMP, or a hack that will take down all crypto and the whole banking system. Cash is a good thing. Gold and silver is better. Crypto will be done for when the electricity is shut off. Land with water is best.

Cool

Miles2006

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Initially those people creating different narrative concerning bitcoin dump don’t just accept bitcoin but, few are left with regret while from my observation business men are the ones who usually criticize bitcoin. Some have influence so whenever they make such negative comment people intend to believe likewise bitcoin influencers also so it’s a draw. Those people accept such information because they wanted it for example bitcoin knowledge is always available why not use little time to study before accepting fear although as newbies it’s not easy since they’re not knowledgeable perhaps this is why investors sell early due to fear of the unknown.

Familian

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Quote from: pooya87 on December 01, 2024, 04:23:09 AM

Quote from: Familian on December 01, 2024, 02:57:08 AM

with imminence to break above $100,000, all of those master plans and orchestrated lies to cause FUD about the future of bitcoin going zero has now lost base.

They never had any "base" back then either. Those spreading such FUDs didn't believe in it themselves either. It was also not always about "going down to zero", but generally about a big dump coming. The purpose of these FUDs were to try to cause panic sell among newbies so that their own buy orders at lower prices could be filled.

In that sense we can still see similar FUD being spread where they try to make newbies believe that there is a drop coming and they should sell sooner. If they manage to convince enough people, there will be a small drop and their buy orders at low price will be filled before price goes above $100k.

If I understand you perfectly, you mean a cross section of the fuds are flagged about by bitcoin big whales to get the newbies freak-out and sell to their own benefit as price dumps providing them a good price dip to increase their portfolio. Hmmm, that makes sense in a way. I wonder when some of us newbies will learn and stay resilient with our little hodling for the long.

o48o

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Quote from: Familian on December 01, 2024, 02:57:08 AM

Within a decade ago there were couples of rundown on bitcoin going to zero $, as at then it was a bone of contention but now with bitcoin reaching a new ATH $99k with imminence to break above $100,000, all of those master plans and orchestrated lies to cause FUD about the future of bitcoin going zero has now lost base.

Today, I can only but imagine the thoughts, reactions and the regrets of those who took those rundowns seriously and failed to invest in bitcoin a decade or some 7, 6 years ago.

That's majority of the planet. Majority of the planet doesn't even know what the price of bitcoin is now. Some of them believe it crashed, because when it's crashed there will be 100x more news about that. Usually when there's news of it going up, it starts to dip again. That's how news work.

And that's not even the fud. FUD is disinformation on purpose, that's spiced with misinformation based on fear. Governments banning mining, exploit in the code, rumors of planned exits and over simplified or made up problems to create panic; That's FUD.

Saying that price going to zero isn't fud, it's just the other half of moonbois saying price that price goes to 1000x again.

Best advice i have heard about bitcoin investing is that you should tune down the noise and focus on holding, because most of us don't have the knowledge or tools to debunk or fully understand the fud anyway.

Alpha Marine

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From the moment I understood Bitcoin, I knew all the talk of it going to zero was just BS because as long as there is a demand for Bitcoin, it will never get to zero. If there were no demand, it wouldn't be climbing as much.
Funny enough even when bitcoin is dipping there is still demand for bitcoin because it is at that time that people who understand bitcoin buy or else there will be no phrase like "buy the dip".

I do not know what the future holds, but a future with no demand for Bitcoin will mean something very unexpected and unexplainable happens like a world war or something.

BlackHatCoiner

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Farewell, Leo

Quote from: pooya87 on December 01, 2024, 04:23:09 AM

They never had any "base" back then either. Those spreading such FUDs didn't believe in it themselves either.

Typical black swan. A good analogy of bitcoin would be electricity, or the Internet, both of which were called "temporary" and they were met with fear. However, when electricity became commercially practical in the late 1800s, its tangible benefits quickly became apparent. Similarly, while the Internet required some technical foresight to grasp its potential, its impact eventually became undeniable.

The difference with bitcoin is that it completely dismantles modern, Keynesian economics, which form the foundation to the corrupt financial system we have, owned by the most powerful men in the world. Unlike other black swan events, it uniquely threatens the existing elite in a way few, if any, disruptions have before. Adopting it, and promoting it as the new "standard for economic knowledge" would relinquish their enormous power to control everyone via the central bank; I'm just looking forward to seeing their next move.

citricut

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bitcoin cannot go to zero because I would buy all 21 million for usd 1 so zero never happening, we are good Grin

bitzizzix

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FUD will always be there because FUD has been a part of Bitcoin and has been around for a long time and they have felt regret for a long time because Bitcoin continues to grow which can increase its price which cannot be stopped by anything and anyone who tries it will definitely regret it.

FUD will definitely come back again and still fail and end in regret and continue like that, but FUD can also be a marketing strategy to damage the credibility of a company's competitors or other investments. And it can also be a party that wants a decrease to make a purchase, because Bitcoin is an investment that will not harm its owner as long as they do it for the long term and also have strong beliefs without being influenced by FUD or others.

Topic: The misleading FUD of bitcoin going zero $ - page 3. (Read 862 times)