Bitcoin is like cancer-pill, almost worthless

[Elizabeth Evans]

Just like the first cancer drug to hit the market, Bitcoin is well known and supported. They trust the brand and support it. That makes Bitcoin worth it.

[1714855497]

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[Zeldasmith]

What would you do in such a scenario? I would put it on a cancer pill, because that would become currency in such a scenario. With the current US debt in excess of a trillion dollars and rising rapidly, after cutting the Trump / GOP MAGA tax for the company's major donors, what is the real value of the dollar? WOW! Its worth a lot as you can see it even crashed $ 19,000. Well, once, itcoin is universal, it is the pioneer in electronic money. You can see that a lot of negative news will try to discount and for what reason?

[moha sasa]

- Every bank in the middle east(except those in UAE and Kuwait) is banning dollar transfer to open accounts in FX trading and any foreign shares investments account.

- They say we are a money launderers but we are not.

- But with the help of BTC, I can open a FX - CFD - Futures account.

- So, BTC(or any blockchain technology) is worth a million dollar to me, without it I am dead.

- Regular banks that freeze, block, confiscate my account because I am doing a legitimate business(FX trading) is the cancerous pill, is the AIDS. 

[$9million]

No. I don't think that way. Though bitcoin has its own challenges of the prices rising and falling but amidst all these challenges, bitcoin is still strong.

[bitcoincitr]

Value of a product, service or an asset is mostly determined by people. In fact, it doesn’t need to be valuable. Also, its quantity and popularity has an effect on its value. Since human being is not a reasonable creature, it is not an easy task how he/she thinks.

[blueteam09]

Everybody has their own opinions with Bitcoin, and I have my idea about it. If you think Bitcoin is not worth it and it will destroy in the future. I think it will continue to exist and develop in the future as more and more people accept it and use it in practice.

[posi]

- Every bank in the middle east(except those in UAE and Kuwait) is banning dollar transfer to open accounts in FX trading and any foreign shares investments account.

- They say we are a money launderers but we are not.

- But with the help of BTC, I can open a FX - CFD - Futures account.

- So, BTC(or any blockchain technology) is worth a million dollar to me, without it I am dead.

- Regular banks that freeze, block, confiscate my account because I am doing a legitimate business(FX trading) is the cancerous pill, is the AIDS. 

Although, thus thread was open long ago but decide to say something since acouple of people have does it already. With that been said. Never mind the OP is just one of those inexperienced cryptonier that believe bitcoin market is just like a moving train that have no rail station where it will stop .

[sirminesalot]

Everybody has their own opinions with Bitcoin, and I have my idea about it. If you think Bitcoin is not worth it and it will destroy in the future. I think it will continue to exist and develop in the future as more and more people accept it and use it in practice.

people who think like that are just people who don't believe and don't like bitcoin because they only think bitcoin is just a fraud. just try them and try to get the results, they will be silent and feel guilty. bitcoin won't die, and I'm sure in the future there will be many countries that accept bitcoin.

[socksserver3]

You shouldn't say like this. by the way cancer can be treated in some cases. Btc is a good option to invest in as it has many benefits and it can make you happy when the price rises and you will earn

[cxmyifan16]

I can disagree with you because it is not worthless, i like btc and it has many pros,to my mind this is like the future that we have been waiting for long and it has finally come and now i can see it

[Marbelli]

the price of coins that copy smack bitcoin - yes, they will definitely cost much less and will gradually tend to zero, but this does not mean that bitcoin itself will cost the same

[Ultimist]

Bitcoin is easy to use, because transactions with it can be made by any person from any part of the world. If the state will slowly accept bitcoin, it will gradually receive value. I agree with the comparison of bitcoin with gold. I think in the future it will happen.

[cahbagus555]

I think its very different. Bitcoin is a cure on current economic system. I am believe if bitcoin system applied and duplicated in economic system, it will make economic of a country will stronger and much more resistant on crisis.

[Leah38]

Good day. Bitcoin has good usage so I won't consider it useless. Bitcoin created millionaires and as for myself, getting involved in cryptocurrency gave me financial abundance every now and then. Choosing the right ICO to join, the right alts to trade and the perfect timing.

[xfaqs01]

bitcoin is the cure for the economic collapse, fiat currencies have been in never ending inflation over time and governments, banks, fed keeps printing it they like, debt is rising, bubble will collapse, and people will turn into bitcoin, its just a matter of time from now...

[Kez1817]

   If you are not blind and still saw the value of bitcoin at this current market situation than the past value of it when it was created,i think you could say bitcoin is still worth. Bitcoin is not worthless as ling as it has a value,usage,supply and demand even market down.  It still help a lot of people from poverty and also help our economic problem. Don't just be negative in bitcoin because of the value that does not yet increasing. Be fair and look at the bright side of bitcoin. Don't be judgemental.

[Naughty Princess]

No. I don't think that way. Though bitcoin has its own challenges of the prices rising and falling but amidst all these challenges, bitcoin is still strong.

Bitcoin is still worth it. I do not think it will be worthless because many are benefitting from it. It become they way to change my life until now, just believe that it won't take long that the price going to increase again. Many supports bitcoin, see the positive side and take opportunity.

[miltonpogi]

What i just feel after reading that comparison is just the fear that some people have because they lost the train of earlier adopters and now want to extol the technology while degrade bitcoin as it is...nothing new
...

You're spot on. If you read the linked article, the first paragraph goes:

Well, shit. I’ve been watching this situation for a few years, and assuming it would just blow over so we wouldn’t have to talk about it here in this place where we are supposed to be busy improving our lives.

So here he is, a guy that was watching Bitcoin when it was in ~$200 range (or lower), patiently waiting for its imminent death - instead witnessing the price continuously going up, bubbles were popping but new ATHs followed, all while Bitcoin and the very idea of cryptocurrency were more and more legitimised and started to break into the mainstream.

You cannot expect the guy not to develop a massive butt-hurt in such scenario. Especially when he's posing as some sort of money-making expert, who just dismissed potentially the most disruptive concept and, almost certainly, the biggest money-making opportunity of his life.
When his entire identity and reputation gets called into question - he will be doubling down on "Bitcoin is a scam" even if BTC replaced fiat one day (never going to happen btw).

He even went as far as to re-define the definition of "investing" to justify missing the train. Classic coping mechanism.


From the article:

This separation is important because the usefulness of Blockchain is the primary justification people use for the big dumb Bitcoin lottery.

No it isn't? Primary justification would be decentralisation + network effect. What he did was to build a straw man argument and now he's fighting it bravely. The CancerPill - Bitcoin comparison is simply missed. If it was true - why not creating your own copy of Bitcoin and selling it at say 80-90% of current BTC price? Lets see how far that can take him.

All this somehow remind me of this good ol' meme:

I agree. He might have missed his chance to invest in Bitcoin which resulted in him making such false claims and bias opinions about Bitcoin. To be honest, people here have already stated his mistakes and for that I don't need any explanation. It's kind of funny how he compares and shows some unreasonable images and comparison.s

[$anounimus$]

bitcoin is very useful and has many functions, but I don't think you know the function of bitcoin and the functions of technology that bitcoin has so you can say that.

[becak mesin]

The topic is not match or suitable with the contents. Why did you say Bitcoin while your explanation is discussing about altcoins. It supposed to say that "altcoins is like cancer-pill" not Bitcoin. We all know that Bitcoin is has strong value and it is very worth in the digital currency or crypto currency. You should better to state explicitly which coins do you mean.