Friend stupid says Bitcon debunked. I SAY WRONG !!

[shoeshineBro]

My friend says Bitcon has now been debunked.

I SAY HE IS WRONG !!

A]  Price action has been about speculation.  (Buy it, because it only goes up)
B]  It is a currency that will replace other currencies.

A is now negated since it has dropped almost 40% from its high.
So, mania "free money, going to infinity" credibility is now tarnished.
For the first time, there is real risk.  (Anyone buying last week just lost 40% this week)
So, the flood of new money will now be checked.  You'll think twice before tapping a HELOC for Bitcon.

This is stupid reasons!!


B is negated since Bitcon is literally unusable as a currency:  
10 hours settlement time and $50 transaction fee.
No one is using Bitcon to buy anything, especially the early adopters.
So, it is not a currency.


This is stupid reasons!!

[BaXTeR403]

These big corrections have happened multiple times this year. That's just how markets work. Let your friend think what he wants to think.

[fiulpro]

People usually don't understand something,if they think that the bitcoins will keep going up and never fall then they are really not made for cryptocurrency ecosystem, they need to accept that sooner or later the val of bitcoins will have some downs and its gonna take a while to recover, we cannot just criticize something thats sn essential part of being in this business since its the time to invest also the high transaction fee and time it takes will soon be corrected thus we can easily wait.

[Nilda]

Let him be. No point on arguing with people who have already concluded that bitcoins a flash in the pan. Just continues trading, mining or whatever it is you’re doing cryptocurrency-related.

[erickkyut]

Just don't mind them. Continue what you are doing and keep on investing in Bitcoin. Since you are already in this industry, you know yourself about the potential income you can have in Bitcoin and any other crypto currency. Don't let your trust be shaken by the words of those Bitcoin unbelievers.

[MattF24]

My friend says Bitcon has now been debunked.

I SAY HE IS WRONG !!

A]  Price action has been about speculation.  (Buy it, because it only goes up)
B]  It is a currency that will replace other currencies.

A is now negated since it has dropped almost 40% from its high.
So, mania "free money, going to infinity" credibility is now tarnished.
For the first time, there is real risk.  (Anyone buying last week just lost 40% this week)
So, the flood of new money will now be checked.  You'll think twice before tapping a HELOC for Bitcon.

This is stupid reasons!!


B is negated since Bitcon is literally unusable as a currency:  
10 hours settlement time and $50 transaction fee.
No one is using Bitcon to buy anything, especially the early adopters.
So, it is not a currency.


This is stupid reasons!!

Well, I guess that you're right about the confirmation time. I too am not a fan of it and looking to other alts that have better performance.

[Daffadile]

What makes your friend think he knows what he is talking about?
Many lolz I even know of third world countries that accept bitcoin at some of their online shops.
I use bitcoin very often to pay for things. Transfer fees are $10 and take 10minutes.

[tayogpanganiban]

 Do not waste your time arguing with people who don't believed in bitcoin.Let them what they think about bitcoin..Continue what you are doing with this cryptocurrency because you already proven yourself the benefits of bitcoin.

[BenR]

Price has always been about speculation and crowd expectations. That's how it went from $9K --> $19K so quickly.

[Jingjess]

We have nothing to with those people who are against with bitcoin and It's really up to them if they dont believed in bitcoin,but for me,i will still continue what i've started because i already experiencing the benefits of bitcoin.

[Kakmakr]

My advice, get new friends. These friends are obviously lavishing in your demise and misfortune and should not be part of your life. My friends are supportive, because they believed in me, and they even bought coins at $6000 and then sold at $18 000, when I told them to.

Friends should help and support each other, not kick you when you are down. They most probably were jealous when you had bitcoins when the price was at $19 000. Time for you to move on and to find some real friends. ^smile^