Another Bitter Critic: "Bitcoin Will be Zero"

[davis196]

Bitcoin will always be worth zero in the eyes of sertain people,like this John Crudele guy.
The real question is,why should we give a damn about their opinions?We all know more about the crypto world and the blockchain than them.Their views about crypto are 99% BS.

[YuginKadoya]

Many critics are like this they are pessimistic about how bitcoin work and they always tend to say stupid things they don't know just because they had some bad experience with cryptocurrency or bitcoin, Well I say that we should just let them be and let them say what they want and always stay in what you believe in and keep on the hold for the future.

Some of those are not real critics, they are just being paid to ruin cryptocurrency and some of them holds bitcoin who's trying to dip the market and buy. Bitcoin will never become zero again, even if USA ban this one because I know most of the country already have a good regulations that can support bitcoin during the bad times.

Well, I am just saying a conjunction of what to call them with just one word, That is why I treated them all as critic,

But you are right there are not all critics but there are some that would just want to fend the price of bitcoin so they can buy more cheap, And I think the paid ones was a most notable one a well-known personnel that if they would say bitter sweet FUD about Bitcoin some people would tend to just believe it because they are well known and sometimes have a long history in this industry.

[adaseb]

I think the reason why people say this is because they don't exactly understand what Bitcoin is and why its important.

Years ago I actually heard about Bitcoin, however I shrugged it off and assumed also it was some scam. Then a few months later I learnt more and more about it and eventually realized that its a pretty innovative and smart idea.

Most of the billionaire investors don't understand exactly what Bitcoin is, they read some article for 5 minutes and label it a scam. However if they read the whitepaper then most likely their mind would change.

[xvids]

Come on it has been 10 years already and people still believe that Bitcoin would be worthless?
Isn't 10 years enough proof for them ? The price has been increasing each year and they still think that it would go down to zero?
Let them think what they want it wouldn't really matter to us since we already know the truth.

[dentolas]

oh, the never ending cryptospace and it's "critics"....
People wanting to fill their bags cheap before the price rises further will "criticize"
People holding on to old ideas about money/nations/society will "criticize"
People with a lot of fiat will start by criticizing, then they watch their rich mates buying crypto and they change their minds
People that just want attention will "criticize"

well... in my country, when the boats went sailing to discover new land, there was always an old man that cursed them because he tought that the world didn't need to discover new land...

[Lucius]

I was expecting an article in which the author will at least make an effort to prove his claim in some way, and it's actually a few sentences which can be read in 30 seconds. This is even below the level of elementary school kid, and it is unbelievable that someone is paying attention to this.

In short, the author think bitcoin will go to zero just because it go down from $20k to $4k, and from $8k to $7k few days ago. He also claim that Mario Draghi which is President of the European Central Bank has a similar opinion, and what else one banker could think abut bitcoin. This is even below the lowest levels of the worst journalism, but if someone pay this so-called journalist to write that the sun will stop shining in next few months, he will do that probably - using brain is just not a option for some people.

[Chikitita2004]

Now, I am sure that 10 years may not be enough to silence critics -- big, small, known, unknown, influential and not -- of bitcoin as there are still those who are wishing (or rather predicting maybe) that bitcoin can be zero...soon! An example of old-school critic is Warren Buffet who is a popular and very successful investor but not inclined to believe in the value and future of bitcoin.

Then we have many media influencers and an example of this is another old-school named John Crudele and he is writing a column for NYPost.com. His objection to bitcoin is immortalized in his own words: "Bitcoin will soon be worth zero. But until then criminals will still be able to use it and other digital currency to move money around the world without being caught."

At the end of the day, we live in a democratic space and we welcome diversity of ideas, opinions and convictions so we still appreciate people who are in the opposite side of the picture.

As the saying goes, “an unfruitful tree will not be noticed” is always true. There will always be no superstar without the supporting stars as they say in movie industry. In cryptocurrency world, bitcoin in particular, it will never attain its peak of success without too many challenges. With out people pulling it down it will never strive hard moving forward. Thanks to both critics/unbelievers and supporters for without them bitcoin would have not survived till now.

[oseikuf44]

The naysayers that always think that Bitcoins is scam and will be extinct to zero don't understand the power of Bitcoin. Bitcoin despite the bearish and draw down, it still offered the services merchants used for their job, traders speculate and investors hold. Bitcoins is here to stay regardless the price.

[klaaas]

A returning story every year bitcoin will die. Didnt happen and will not happen. Wont say it can go low but 0 for sure not.

[Kemarit]

Who is John Crudele?

https://en.wikipedia.org/wiki/John_Crudele

John Crudele is a columnist and business journalist in the United States. He writes syndicated political columns for the New York Post. Earlier in his career he worked for Reuters, The New York Times,[1] and as a columnist for New York Magazine. He was also a Financial News Network host.[2]

In November 2013, the Columbia Journalism Review and Washington Post criticized a column he did alleging manipulation of employment data.[5][6] In March 2017, U.S. President Donald Trump tweeted a column by Crudele criticizing the New York Times.[7]

You just have to check at his background and you will know that this guy is not to be trusted. He was criticized by the same group he is under with, no less than manipulating the data. So for me, this is just another non-sense critic who's background is not to be trusted by anymore in the crypto world.

[exstasie]

Most of the billionaire investors don't understand exactly what Bitcoin is, they read some article for 5 minutes and label it a scam. However if they read the whitepaper then most likely their mind would change.

I think lots of people see others' reactions to Bitcoin hype and then liken it to how passing fads look. And admittedly, during bubble times, it does look like a fad......the entire market stops caring about fundamentals, everyone chases after gains in vaporware and snake oil, all the "new paradigm" talk.

So from that perspective, I'm not surprised so many people take one look and see "scam" especially because that's reinforced by their financial biases. If you're a nocoiner, do you want Bitcoin to moon? Of course not. So you'll look for reasons to confirm your biases.

[Gaff]

Many critics are like this they are pessimistic about how bitcoin work and they always tend to say stupid things they don't know just because they had some bad experience with cryptocurrency or bitcoin, Well I say that we should just let them be and let them say what they want and always stay in what you believe in and keep on the hold for the future.

Some of those are not real critics, they are just being paid to ruin cryptocurrency and some of them holds bitcoin who's trying to dip the market and buy. Bitcoin will never become zero again, even if USA ban this one because I know most of the country already have a good regulations that can support bitcoin during the bad times.

Well, I am just saying a conjunction of what to call them with just one word, That is why I treated them all as critic,

But you are right there are not all critics but there are some that would just want to fend the price of bitcoin so they can buy more cheap, And I think the paid ones was a most notable one a well-known personnel that if they would say bitter sweet FUD about Bitcoin some people would tend to just believe it because they are well known and sometimes have a long history in this industry.

Critics will be critics no matter what will happen to Bitcoin's price, so it depends on us. It's their strategy in order to eradicate bad news behind even though good thing was happening so far with btc, and in fact green markets was already commencing although many long term holders tend to sell early. If those critics come up with that idea, the let them say their words because we will what tommorow may brings in the future of bitcoin; and for me it will remain a mystery behind it's unpredictability.

[dunfida]

Im already numb to these people who do always tell about blah blah about bitcoin specially on negative ones.They havent realize on how Bitcoin did survive its
10th year journey.If they would just tend to search out then they might able to say to themselves that they are utterly talking bullshit or nonsense thing.

[Ailmand]

This kind of people only knows the negative use of Bitcoin but he doesn't know how it could literally change lives for the better. He doesn't know how bitcoin works so he thinks that it could die that easy. Maybe he only sees it as a threat but this kind of person should be ignored and let's just bitcoin prove him that it could soar high despite all the criticisms being thrown to it.

[Whaleagent]

I was expecting an article in which the author will at least make an effort to prove his claim in some way, and it's actually a few sentences which can be read in 30 seconds. This is even below the level of elementary school kid, and it is unbelievable that someone is paying attention to this.

In short, the author think bitcoin will go to zero just because it go down from $20k to $4k, and from $8k to $7k few days ago. He also claim that Mario Draghi which is President of the European Central Bank has a similar opinion, and what else one banker could think abut bitcoin. This is even below the lowest levels of the worst journalism, but if someone pay this so-called journalist to write that the sun will stop shining in next few months, he will do that probably - using brain is just not a option for some people.

Well, some of them do have some solid arguments, the problem is you can never predict these things, however we know it's possible for bitcoin to die, there are a number of different ways it could happen. The technology could become obsolete, although this seems very unlikely. There could be some vulnerability that no one knows about yet and could make bitcoin worthless, this happened to many other coins. A 51% attack is also technically possible although again, super unlikely.

[Silberman]

Let them criticize bitcoin as much as they want time itself will tell us who was right, that being said I have no doubts we are in the right and they are going to be ones that are going to eat their words and admit they made a mistake, and the best part is that we are not going to need to do anything except enjoy the profits we will get out of this market.

[adzino]

There is no way the price of bitcoin will go to zero. As long as there is someone who is mining the coins and if there is someone who is using it, then there will still be a value for the coin. Until something very messed up happens with the coin or a huge problem is found which has no solution, the price of bitcoin will never reach zero. It might become valueless (or of less value) if something better has been invented. Though this will also take time since people won't instantly get used to the new system.

[raven7886]

I guess we are used to this by now, people have called bitcoins death for years now and it has not died no matter what. They were super happy when bitcoin went from 20 thousand dollars each to almost 3 thousand each and they were all writing news about how they were right and how bitcoin is dying now, well look at us now over 8 thousand dollars and still going strong.

People who are not in bitcoin or missed out or afraid to go in will never stop calling bitcoins death, it will not happen and bitcoin is not going anywhere and my suggestion to them anytime they make any money on writing about bitcoins death they should have bought bitcoin with it, that way they would have at least made some money with it, otherwise its just pure hatred towards something they envy.

[arpon11]

Now, I am sure that 10 years may not be enough to silence critics -- big, small, known, unknown, influential and not -- of bitcoin as there are still those who are wishing (or rather predicting maybe) that bitcoin can be zero...soon! An example of old-school critic is Warren Buffet who is a popular and very successful investor but not inclined to believe in the value and future of bitcoin.

Then we have many media influencers and an example of this is another old-school named John Crudele and he is writing a column for NYPost.com. His objection to bitcoin is immortalized in his own words: "Bitcoin will soon be worth zero. But until then criminals will still be able to use it and other digital currency to move money around the world without being caught."

At the end of the day, we live in a democratic space and we welcome diversity of ideas, opinions and convictions so we still appreciate people who are in the opposite side of the picture.

I have forget and not remember when I have time for all this criticism on bitcoin as I am focusing on reality and not falsehood! Most of the popular people criticized bitcoin have lost touch with reality and by the time they will regain consciousness, they may not forgive the damage done to themselves. We are at the time when the so call unprofessionals are making right investment decisions and I will not allow those professionals investors that has kept the world in dark to influence my investments decisions again.

[Slow death]

why the hell do people care about things he says?

he said that:

Bitcoin will soon be worth zero. But until then criminals will still be able to use it and other digital currency to move money around the world without being caught.

for this crazy, who uses bitcoin is criminal... just read this that anyone can say that he is crazy and we should ignore what he says