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Author Topic: Why most people believe bitcoin to be worthless?  (Read 1698 times)
basyang
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December 04, 2018, 10:28:56 AM
 #121



yes i agree with you. Definitely most of bitcoin investors now arr panicking and losses hope with bitcoin as if its gonna end. I think without further knowing bitcoin may also comes back its price to much more higher about 6000$ in next year, who knows?its just that drops its price then who buys many coins can have many profits in the future.

Yes. I am agree too, because of the price of bitcoin today in the market. Its normal to the people who are losing hope its very bad to see that everyday bitcoin price is decreasing. I do not see bitcoin as a useless or worthless its not good to judge cryptocurrency in this situation its not helpful in the community. We all have a different opinion so lets respect each other decisions.

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Ezenwanyi
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December 04, 2018, 10:31:58 AM
 #122

The reason sone people think that Bitcoin is worthless could be that they are judging the usefulness of bitcoin today and not judging based on the future.
Some also are of the opinion that Bitcoin is scam and so see it to be a worthless piece of "metal"

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December 04, 2018, 10:35:08 AM
 #123

The reason sone people think that Bitcoin is worthless could be that they are judging the usefulness of bitcoin today and not judging based on the future.
Some also are of the opinion that Bitcoin is scam and so see it to be a worthless piece of "metal"

It's like the game 'farmville', if your not a player, then the currency traded on farm-ville is worthless as a virtual currency, outside the virtual world.

For bitcoin, it only has value for people who play bitcoin, and trade on exchanges.

99% of the people on earth will never play 'bitcoin'

Even people who play bitcoin, have a very difficult time 'monetizing' btc, and turning it into REAL CASH, say USD, the exchanges do everything they can to drag their ass, and limit withdrawls.
sublime5447
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December 08, 2018, 05:17:07 PM
 #124

Because not everyone likes change and not everyone invests their money into something more valid. They also like easy money and obtain everything instantly. Whereas, there is no instant success. Even if they seek further information, they know the truth. Rather than paying attention on mainstream news where critics are paid for it.
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December 08, 2018, 05:28:00 PM
 #125

Because not everyone likes change and not everyone invests their money into something more valid. They also like easy money and obtain everything instantly. Whereas, there is no instant success. Even if they seek further information, they know the truth. Rather than paying attention on mainstream news where critics are paid for it.
In most cases those who doesn't like any changes are the one who are not embracing it, at this point bitcoin those who are against this digital currency are making a huge steps trying to make this assets non valuable, the critics and the mainstream media's are avoiding good publications where interest can be gained from those who are seeking opportunities, they will do everything not to have that support in any ways that they can.
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December 08, 2018, 05:50:00 PM
 #126

Because most people do not understand the technology and does not know what and wher the can by with it. Besides they hear the news about its deprication and al the fus around it. So they think it is worthless and a wast of their time and money
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December 08, 2018, 08:27:15 PM
 #127

The OP has identified one of the reasons why bitcoin is difficult to sell to the average person, they do not really see the benefit of decentralization, they do not care because as far as they can see the system is working perfectly, the only way that is going to change is with another crisis that is so big that it affects them personally and they begin to look for something that protects them from the effects of the crisis.

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December 08, 2018, 09:02:32 PM
 #128

Just most people are quite slow to realize and accept all the technological innovations that are full of our 21st century and bitcoin is no exception. People still can't figure out why they need it, unfortunately.

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December 08, 2018, 09:25:51 PM
 #129

Perhaps now bitcoin can be called useless, since it is little used as a currency. But it must be seen as the technology of the future, because it is to some extent ahead of its time. But many people just do not want to look into the future and think about how bitcoin will be useful to them in this very future.

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December 08, 2018, 09:39:05 PM
 #130

Most likely, this opinion comes simply from the banal ignorance and misunderstanding of what bitcoin, cryptocurrency, blockchain and the whole industry is. As well as a lack of understanding of what benefits we have the use of cryptocurrency in the future. Therefore, it is easier for people to Express their skeptical opinion than to go into details and study information about modern technologies.

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ynatopak14
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December 08, 2018, 09:46:51 PM
 #131

Cryptocurrency especially bitcoin might be dropping its price but it is a normal thing in the market.
Even stock market fall, people (some) want crypto and BTC to fall and have a zero value because they can't take the innovation of technology.
They are some ELITES and GOVERNMENT who are corrupt and want to have the power to control people and fiat.
burky155
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December 09, 2018, 04:25:19 AM
 #132

Nowadays no one really feel something good about the bitcoin and cryptocurrency. Everyone scares and unhappy. And i am too. I am in this market since 2016 and every new day i am getting more deep and now my life really depends on it. So when i hear about something bad i feel really bad. If bitcoin gets wortless all the market could crush and everything can finish for me. I am try not to panic and maling my prayers for good days again.

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December 09, 2018, 08:39:46 AM
 #133

I can't blame people who feel bad and sad with the current state of the price, it can really be discouraging and alarming, we have no idea yet as to how long will it stay that way. I also feel the same way because I am as well a Bitcoiner and we are one in this fight. But I realize that too much worry and impatience is no longer a healthy approach and does not appear to have a positive outcome. Other may see Bitcoin to be worthless, but I guess sometimes we need to take a little time to get back on the glory days of Bitcoin and realize that Bitcoin was there for us and I think it's fair enough that with its bad state now, it needs our support and comfort. I think the reasons why they feel that it's worthless maybe because they have great losses with Bitcoin or have bad experience with it. Other reasons could be they lack awareness and understanding of how Bitcoin works and missed its full advantages, and forget the idea that Bitcoin is valuable, profitable. Worthless it can be considered by others but we need to be aware as well that we were able to grab its opportunities that contribute for the quality of life we have right now. Hope, patience, open-mindedness, and bravery play a big role in our journey in the field of Bitcoin.
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December 09, 2018, 09:00:14 AM
 #134

Because most people tend to see possible outcome rather than risking for an investment which its price is volitable. Also most people wants to have an instant profit rather than investing for a long term investment.

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December 09, 2018, 09:12:04 AM
 #135

Only those experts will think so. No one else here thinks that Bitcoin is worthless.
If someone here thinks that Bitcoin is worthless, then he will not come to bitcointalk, and here is meaningless to him.

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December 09, 2018, 09:49:04 AM
 #136

Maybe with the continual decline in the price of bitcoin, it will make every investor deter and leave bitcoin. When prices decline like this psychologically everyone will quickly take a conclusion, while in recent months there has been no good information for the development of cryptocurrency.
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December 09, 2018, 10:02:08 AM
 #137

Most of the people stating that Bitcoin will be worthless don't really believe that but they like to spread fud to try to buy Bitcoin as cheap as possible.

Others are just very frustrated they bought at ATH and they invested more than they could afford to lose.

Cryto changed a lot. We won't see coins raising 1000x overnight. People still remaining with cryto need to be more patient, as market is more mature now and price evolutions will be more linear.

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December 09, 2018, 10:31:28 AM
 #138

For sure the reason is their experience, they can't accept the fact that they lose a huge percent of their money and starts telling everyone that Bitcoin will be worthless, they hated it. That's why

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December 09, 2018, 10:58:35 AM
 #139

I can't fully grasp the whole concept of bitcoin to be worthless which is I think would not to happen. There are investors that seriously affected with this bear momentum that others sold their bitcoin at the low price thinking no chance of bitcoin to rise again. This is the effect once focusing on the negative sides of bitcoin. As far as I know, the digital concepts won't end up worthless rather it will be worth meaning for human lives in the future.
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December 09, 2018, 11:03:59 AM
 #140

Well, I am not one of those people that bring or even considered the Bitcoin as a worthless crypto currency. I know and I am very much aware that it is truly and greatly on its downfall that bring a huge negative impact to the crypto community but also, I still do believe in it, that it will bring back to normal again.

Bitcoins: solid enough to build pyramids.
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