Another Bitter Critic: "Bitcoin Will be Zero"

[pushups44]

I regard people who predict bitcoin will head to zero as clowns who will join the body count of those whose credibility was destroyed by underestimating the cryptocurrency. So many people have lost credibility over time. By all means, more people can join this body count if they wish.

Bitcoin has been going for 10 years strong and it will lay waste to more arrogant victims with bad predictions.

[Caladonian]

We do have our own freedom to express what we think about anything, it's the end users to believe what bitcoin can be after, we are not leaving in a centralized world where it can be controlled by some influential personalities, but we are now moving forward to find our own success, bitcoin is here to stay and with how the people around responds, guess bitcoin will grow more and will walk the other side.

Allow them to criticize it's also there position to think whatever they've like, future will dictates what will be the fate of this industry.

[raven7886]

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.

That is right mate, the best way to handle this this type of people that creates FUD about bitcoin is just to be mute and place a deaf hear to most of their news, it will slowly fade away and die off. From the time bitcoin was created is when so many of them has been creating FUD news, we even have some stronger personalities then than the ones we have now and yet they could not make this crypto tech die.

If bitcoin has survived all these attacks from left and right for the past 10 years, I don’t think that there is any news that can really kill bitcoin again. We should just continue to hold our investment and not give in to tactics of whales to create dump.

[basty03]

People in crypto is immune about this kind of fud news or predictions. Maybe some of them don't know what the benefits that will give of bitcoin. Maybe bitcoin is risky investment but if we know how to manage it and we know the strategies I think we can't lose  big amount. This fudder need more study or more positive vibes.

[Bezobraznike]

   There is no need to tell about such big heads as Buffet and others. My mom tells me almost once a week that she heard on TV how they say that bitcoin is just another financial pyramid.
   Meanwhile I continue to have some extra profit monthly with crypto currencies, and I guess, that tells a lot.

[Oceat]

   There is no need to tell about such big heads as Buffet and others. My mom tells me almost once a week that she heard on TV how they say that bitcoin is just another financial pyramid.
   Meanwhile I continue to have some extra profit monthly with crypto currencies, and I guess, that tells a lot.

Someone must have been sending some wrong information to these people to misunderstood how Bitcoin really works. People who don't know anything will start to follow what the rumors been telling them. We should have to seek the truth and research everything if we could in order for us to know the things that have most critics in it.

[inanilujimi]

just as with coins that have different images on each side, that's how bitcoin haters and connoisseurs are essentially one, only that distinguishes their perspective to see the future.

[Herbert2020]

   There is no need to tell about such big heads as Buffet and others. My mom tells me almost once a week that she heard on TV how they say that bitcoin is just another financial pyramid.
   Meanwhile I continue to have some extra profit monthly with crypto currencies, and I guess, that tells a lot.

Someone must have been sending some wrong information to these people to misunderstood how Bitcoin really works. People who don't know anything will start to follow what the rumors been telling them. We should have to seek the truth and research everything if we could in order for us to know the things that have most critics in it.

in my opinion there is a difference between what Buffet says about bitcoin from a perspective of an old investor who only invests in things that have a physical "product" that he understand and with those who are calling bitcoin a "pyramid scheme".
the first one is understandable and is a view of its own but the second is just dumb people on the internet spreading bullshit.

[deisik]

People in crypto is immune about this kind of fud news or predictions

There's no such immunity

And that's the whole point of what we conveniently call FUD, and that likely explains as well why these talking heads are still producing noise about Bitcoin being dead "just around the corner" (i.e. to instill what FUD stands for). So even if you honestly think you are immune to this kind of news, you are not in fact as deep down (read, subconsciously) you still care what these people say about Bitcoin (or whatever). It is called fear, uncertainty, doubt for a reason, and it is the outcome of humans being essentially herd animals stuck with herd mentality. It is hard wired and you can't possibly get rid of it (but you can pay attention)

[barota]

pump usdt!!!!
bitcoin can crash to 2000 usd per btc in the future

[Rooster101]

That's his opinion and everybody is entitled to his/her opinion. Bitcoin has been a victim of many unfair criticisms including numerous death sentences but it still alive and continues to rise. As long as there are investors and people that continue to support the leading cryptocurrency, that zero forecast will never materialize. Expect more fuds and other negative comments against bitcoin while its price is still rising. Some people are really wanted the price to go down so they can buy bitcoin at lower price again.

[LUCKMCFLY]

You are absolutely right, I would like to make a parenthesis regarding Warren Buffet, because I think he is a great investor, he has some great ideas, in fact many of his ideas apply them a lot, in the market, although he is not A faithful believer in the bitcoin market, it is because he simply does not see it secure, maybe he has a similar thought to that of banks and governments, which only trust what is already safe or what gives them security.

If we go to the Stock Market, it has a lot of experience in that type of market, but normally it has a certain disparity with respect to the bitcoin market, as the bitcoin market is very volatile, and for many investors who are used to follow certain security conditions do not accept it, and because they simply prefer not to enter a market of that style.

[wuvdoll]

Technically speaking, could he be right? Like I know he meant bitcoin will be zero soon or something but I am not asking that, I am asking do you think bitcoin will ever be zero, even a thousand years from now? We live in a world where technology is improving insanely quickly. This means we will be going to mars soon, we will probably not have fuel cars very soon, we will stop using oil and go to clean energy as well which will help the world survive a bit longer.

Many more major things will happen soon, like in next 50 years. What do you think about bitcoin in the years after that? Like the year is 2219 instead of 2019 which is 200 years from now, do you think bitcoin will exist? Do you think dollar/euro and all fiats will exists? I am not 100% sure but it feels like it may not, idea of "money" may be gone one day.

[BitHodler]

If we go to the Stock Market, it has a lot of experience in that type of market, but normally it has a certain disparity with respect to the bitcoin market, as the bitcoin market is very volatile, and for many investors who are used to follow certain security conditions do not accept it, and because they simply prefer not to enter a market of that style.

There is a difference between investors and traders. Legacy investors find even tech stocks such as Facebook way to volatile and risky. Legacy traders are the opposite, they absolutely love the volatility that crypto offers.

Instead of using leverage, you can just trade crypto on a 1:1 basis and still enjoy large price swings. If that's not enough, you can even leverage your crypto trades. It's legit a paradise for all types of traders.

The only thing that sucks here is the lack of liquidity. As a large trader you have to keep that in mind, otherwise you'll be losing unnecessarily due to slippage, which is why most of them rightfully stick to Bitcoin trading.

[Naida_BR]

Bitcoin has proven many time that it is alive and it will never worth zero.
Due to the fact that the market is open to anyone, it approaches a lot of people around it who make transactions freely. Having said that, there are no regulators that can silence it or regulate it. It will always have a heart beat.

[sheenshane]

Bitcoin has proven many time that it is alive and it will never worth zero.

You are right, but there is a big chance that bitcoin will go down like since it is found(not totally zero). And there is also a big chance that the Bitcoin will become the next big thing. A skyrocket industry and heavenly creation. The possibilities of the bitcoin to become zero is from the Government. The government could ban the whole cryptocurrency open sourced operation and sue each and every person that would use it. And because of the, 90% of the people won't use it for their transactions.

However, there is also a big chance for the Bitcoin to become a skyrocketing industry if the government will support it and develop it for a lot of valid reasons.

[omonuyak]

The critics on bitcoin should continue and by the time they find out that investors and the populace are not looking at their side again, no one will tell them before shutting up. I don't think that any of their predictions about bitcoin has ever come to past and because of this we should forget about them and focus on the reality.

[ene1980]

This has already been discussed a lot..... go to 0 is like not gonna happen to many strong believers and HODLers as user count keep increasing and BTC gets more and more attention, when I go to the gym, or resto or wherever I go, it happens more than once I just hear people talking or mentioning the name

And imo I see less and less people talking the DOOM scenarios for BTC, so yes each day is a day of stronger growth new user, new people getting interested etc

For argument sake let me tell you one possible scenario when the price of bitcoin could reach zero, if the US government bans the entire market and put an outright ban on bitcoin and if that happens the price will just dip to double figures and if every country follows that same route it can end up to zero  .
We have a billion dollar market and more people are interested in the market and investing in it, the critics will have critic and it is their job, the market moves on even with their negative reviews  .

[deisik]

The only thing that sucks here is the lack of liquidity. As a large trader you have to keep that in mind, otherwise you'll be losing unnecessarily due to slippage, which is why most of them rightfully stick to Bitcoin trading

And the sad news is that it is unlikely to change in the future

As there are only so many bitcoins out there (21M, give or take). It is somewhat counterintuitive but with prices climbing the supply runs dry, with the naive assumption being the reverse, i.e. the supply expanding. The thing is, prices can't rise without supply running short, but once we assume the former we should also assume the latter. Yes, it is kind of accounting identity, the ugly one at that. It is ugly because the powerful investors or speculators Soros sized can't enter this market as they will be the ones paying for the party and making the small fish like us instamillionaires

[uneng]

Even if it were true and btc went to zero, the called criminals would continue making their businesses with or without bitcoin.
Anyway I wouldn't worry too much if bitcoin worth nothing. It would be just a signal no one cared anymore for bitcoin, so there should be another technology, another currency superior to bitcoin which everyone would be using. After all, enthusiasts must still be happy on that unlikely scenario.