Looking in this forum, the real reason for the BTC increase is very clear to see. Bitcoin is powered by a combination of greed and stupidity.
Any criticism of bitcoin - no matter what it is - is met always by one of the following arguments:
- it is FUD purely intended to drive down BTC price
- it is the author being negative because he/she didn't buy BTC earlier
Then the BTC followers use the following arguments as to why the price will continue to increase:
- BTC is going to the moon
- It has increased sharply
- Every dip in price has been followed by a stronger increase
This leads to the continuing "investment" strategy simply termed HODL.
For any rational thinking being it is completely clear that the bitcoin followers are driven by a combination of greed and stupidity.
And stupid money always runs out at some point. And then BTC can indeed go to zero.
This is then always met with arguments such as "mining alone costs 1000$ so the price cannot go below that". Completely untrue. The price can go way below that, and the miners simply go out of business too - and then the BTC value is truly getting to zero as no transactions can be performed.
Topic: The real reason for BTC increase revealed (Read 117 times)
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