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