BITCOIN is going to Zero: No VALUE, No USE, No FUTURE?

in #bitcoin5 years ago (edited)

Bitcoin is going to zero. Bitcoin is a ponzi. Bitcoin is useless. Bitcoin is a scam... #HODLtoZERO.

These are common, and foolish, misinterpretations of the value of Bitcoin, or cryptocurrency generally, how it works, and what it does, which I sadly see many people espousing.

Today I wanted to confront and combat this ridiculous fear and doubt.

In today's video I respond to these common criticisms, by explaining bitcoin's use, value and future.

BITCOIN is going to Zero: No value, No use, No future?

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Bitcoin & Bullion is Good Money:

I buy bitcoin and bullion because it is an escape from the central bankers experiment and failing fiat currency, I buy bitcoin and bullion because it is good money. This is why I am on a journey to 1,000 oz of silver, and why I hodl BTC, LTC, Steem, and a few others.

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Bitcoin and Bullion are good money, because they both are:

  • durable
  • portable
  • divisible
  • fungible and
  • resistant to counterfeiting.

Furthermore, both bullion and bitcoin empower their holder, by making you, your own bank. No "trusted" third party is in charge of my money, once I buy physical bullion or bitcoin which I have the private keys to.

Stop trusting the central bankers and their inflationary experiment today. Secure your wealth in "good" money before it is too late.

As always thank you very much for your time and attention, I appreciate it. Have an awesome day and God bless.

Buy REAL Money:

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Buy Cryptocurrency:

Coinbase:
https://www.coinbase.com/join/59bbe24...
Coinsquare:
coinsquare.com/register?r=E4EB3832E

Buy Bullion:

https://silvergoldbull.ca/

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Thank you for your continued support of SteemSilverGold

I could see the audience shrinking if the prices drop more, but I think it has discovered a good bottom for the price, and I would imagine that it's going to go up. That's just my thought. I think you're right that there is value to it, and those who hold it when it goes up will get to benefit from being willing to take a risk.

Oh yeah, I definitely concede that the audience could go lower (not to zero), and if it did that would hurt price, but I feel like that is a seperate conversation, because that is not what naysayers argue. Most naysayers argue that "it is going to zero", and that is where I take issue, because that seems improbable bordering on impossible.

Particularly when you look at the miners who have bought millions of dollars of equipment, buildings and spent time and energy training and hiring staff to power these mining operations. They aren't gonna just roll over on that investment and abandon Bitcoin. Also there are permabulls who understand that the use case I outlined is big and revolutionary and therefore wont be shook, I mean look, if they were gonna be shook they would have on the ride from $20,000 to $5,800, but many weren't and won't be. Add to that all the people who can use the tech to change their lives, businesses and individuals, who for one reason or another won't give up. And once you see how many people are already vested in BTC, you see that it going to zero is simply not plausible.

HODL to Zero)) And BTC = 6500$ now. Very well)

Hi @infidel1258!

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