BITCOIN is useless!?

[Flor1982]

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

I heard a lot of criticism on Bitcoin investments since D-Day Bitcoin was founded. Most if them are famous too like JP Morgan, Bill Gates and Warren Buffett in which all are saying that Bitcoin is a bubble, scam and etc but many years have passed but still their words are all proven wrong in which JP Morgan finally supported Bitcoin and waiting for the others to switch sides too. Therefore we must use to these criticism because in the end they will be all wrong.

[Pursuer]

if you are so interested in bullshit quotes then just google bitcoin obituaries and see lots of them in the past 9 short years of bitcoin's existence. each time there is a price movement we get at least a couple of them. bitcoin has been called a lot worse than just "useless"

and most of these quotes are from people in US, go figure. it is like they are threatened by bitcoin and the fact that they can not control it but at the same time sine bitcoin is global and out of their reach they can't completely ignore it either!

[TerawattLED]

He is probably a paid FUDSTER! 

[Kakarot01]

Because he says that doesn't mean it will go that way. Bitcoin will dependably have a cost if there somebody needs to purchase and claim it. Regardless of whether the cost of BTC down to very nearly zero it will return up once more, yet better believe it its simply in light of my own conclusion I'm not a specialist about this however.

[Rossy Akbar]

I think this is non sense as well, because as we knew bitcoin has already been till this kind of situation in the past, the only thing that could make you success is believe in yourself, everything about an investment are always like this, sometimes go down but sometimes go up.

[billy4u]

This world is designed to fail new inventions, innovations, downplay new ideas and blindly criticize change. It is subject to those who believe in such things to fight, protect and promote the survival and existence of these new ways. Bitcoin is no different, so if it is worthless to someone's opinion. It is valuable to bitcoin investors.

[kawetsriyanto]

It's his point of view only. It sometimes difficult to get an objective and fact-based opinion. Just ignore his opinion. We can see Bitcoin really profitable. Many traders get the profits by selling it and it's also used by several companies as the payment.  

[bitfocus]

I just have these exact words for the guy on CNBC - Dream on looser!

[rickyrich45]

even the banks are not as convenient as btc. it is easier for me to use crypto money when I want to send money. especially abroad sending is very cheap and easy.

[takatonanami]

I think that the virtual currency will certainly grow from now on. However, it may be necessary for it to be Bitcoin. There are possibilities of ETH and XRP, as well as other currencies.

[Gontxi]

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

you only aim to create FUD so that many members here are increasingly afraid, I am not surprised by things like this and especially you do not put links to as the main news source.

[Gypat]

It is amazing how some people think. Personally, I thonk some of these people just want to bring Btc down such that when they get the platform they say things that will scare new investors.
Maybe the future will tell.

[infested999]

Bitcoin is valuable and for sure it is not useless. Let's just give it some more time because for sure the market will get back where it was

[Janation]

Bitcoin is valuable and for sure it is not useless. Let's just give it some more time because for sure the market will get back where it was

Even if you say Bitcoin is valuable, people can still say it is useless since Bitcoin is not really the function as other new crypto currency do. Yes, Bitcoin is useless, since we are just using it to earn money and we don't have a main reason why we are using it.

Some will say to earn money, it is obvious since it has an expensive price but other than that? Nothing.

[IamKnowledge]

That is his own point of view about bitcoin and he has the right to! In my own opinion, I think he is saying that because bitcoin has come to make online business transactions better than PAYPAL and now a lot of people will choose bitcoin transactions over PAYPAL.

[RohiGabriel12]

Bitcoin in this digital world is very useful not only through technology but in our daily living. It is used to earn a living and as a form of commodity. It can be used as a mode of payment without spending so much time in line just to have transactions.

[Alex31207]

Bitcoin is not only a means of payment,but also a breakthrough in technology.Bitcoin will be used as digital gold in the future.As a means of accumulation.

[A Feeder]

 Bitcoin is not useless therefore bitcoin help us to have an extra money, to earn and gain and to our life become wealth and brighter. Bitcoin is our source of income and we can use it to our financial so bitcoin is useful not useless.

[bungutko]

Everybody is entitled to their own opinion and I agree to disagree with the subject since I believe btc will not end as they claim to happen. I believe that btc is now slowly gaining a positive trend and this perhaps is gaining more momentum for a bullish market that might soon be expected in the coming weeks. So, I would say btc is still on it's prime and useful to everyone who believes what btc can do to make every investors gain more profit.

[charlotte04]

Bitcoin hedead to zero?
The former ceo of paypal Bill harris said that,bitcoin's value will continue to dwindle until it gets "eventually a whole lot closer to zero."and saying that there's just no value in bitcoin and "Bitcoin makes no revenue, no profitability."
he also called the cryptocurrency is a
"colossal pump-and-dump scheme, the likes of which the world has never seen."
I think this is non-sense, what about you?

Source: cnbc

Mainly it is obvious that he says that because his company would fail if Bitcoin will be the new thing to have transactions. Bitcoin has many uses and one of them is sending money to your love ones with low fees unlike paypal.