Eight reasons why BTC will Fail. Thoughts?

[Ever-young]

Bitcoin has "died" many times, and it's still standing.  

And it will still continue to stand, it’s only those who are either looking for reason and means to criticize the existence of bitcoin a that will take what makes the network what it is today as a disadvantage and use it to justify the reason why they don’t want to hold the coin for long, the more one will think it will be high time for bitcoin network to crash the higher it will be going and obtaining more adoption and exposure all together.

[oktana]

Did you go to the future to know that Bitcoin will eventually be controlled? Can you even share more information on how it’ll be controlled because Bitcoin is Decentralized for life. Also, if you say Bitcoin is just a piece of code, wait until you turn off all the pieces of codes on earth, then watch what happens to the world.  You need to understand that life is a progress. What you’re saying is like someone comparing 2nd Generation computers to the current generation, saying that the disadvantage of the current generation is that it is lightweight so it can be stolen, but with the 2nd generation, the computer is big as a room, hence it is a better option. Everything today is going digital even the physical money is now represented digitally.

[TimeTeller]

Bitcoin has "died" many times, and it's still standing. 

And it will still continue to stand, it’s only those who are either looking for reason and means to criticize the existence of bitcoin a that will take what makes the network what it is today as a disadvantage and use it to justify the reason why they don’t want to hold the coin for long, the more one will think it will be high time for bitcoin network to crash the higher it will be going and obtaining more adoption and exposure all together.

They will only regret later for not jumping on board on this market.
They can give all the negative or reasons why this market can fail, but they are missing their window of opportunity because of this mentality.
Later on, they will regret for not getting a hold of some satoshis for their stash.

[harapan]

Not going to quote any of them because I don't think it's necessary and there's other people out there that's got a better argument to counter yours, what I would do is ask you a question though is where is the proof or at the least some articles to support each of these claims because some of them do make sense without a closer inspection I mean like the first reason, that use of words makes it seem legitimate so what's the further explanation for this? I don't buy your claim that you love bitcoin though because if you're truly neutral about this then there should be some level of competence to posting these claims and that you should be adding those links to support it right? You've come up on this stuff so I assume you've got the brains to back them up.

  I Agree With you mate,Apparently,he has clearly stated his reasons as to what he thinks about bitcoin's downfall.

Bitcoin is the future,and I don't see it stopping anytime soon,he have not been fully informed about the bitcoin system.Ensure that you've clearly made a proper research about what you intend to share here with other peoplle.I supposed you have a deeper and clearer understanding of bitcoin other than deliberating or emphasisizing on the pitfalls.
There's always a disadvantage and advantage to something,just make sure you're properly guided.

[icalical]

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile. If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

With this kind of logic, Gold, Oil or other precious metal should have fallen years ago, there has been many massive gold and oil reserves revealed through out the years, but we can see that Oil and Gold is still relevant. There won't be any problem if 20 Million of Bitcoin suddenly found and send to the market, if the demand is exist, the price will be maintained.

[kryptqnick]

I don't understand why the first point is named "Predictable BTC loss is destabilizing" because it looks like it's about circulating supply vs total supply of Bitcoin. When people suddenly move coins that haven't been moved in a long time, it doesn't necessarily have a destabilizing impact. Sure, some can get worried that 'a whale' is planning to sell or someone can get excited that someone from the old days actually has access to their coins, but the impact of such speculations is minimal, and some funds just entering circulating supply isn't bad for Bitcoin.
As for #2, I find that impossible. Control over mining is one thing, control over supply of Bitcoin is another thing. 51% in mining doesn't sound surprising, but buying 51% of supply is highly unlikely.
And then the further down the list we go, the more it becomes a wild conspiracy theory.

[Mauser]

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

This might be an issue when more and more people decide to HODL and the liquidity dries up. But the market should correct itself, prices will go up quickly until people start to consider selling again. We will just start trading in always smaller quantities, until prices drop when the majority of HODL investors start selling. This is not something that is only happening in the crypto world. The stock market faces the same risk and is doing fine for the last 100 years. I don't this is going to be a big issue in the crypto world. A company can just issue new shares overnight and dilute the existing shareholders putting pressure on the price. Or some of the wealth, or large college, or retirement funds that hold large portions of companies could rebalance their portfolios, sending prices down. There are a lot of stocks that are not actively being traded and the market is still doing fine. As long as everybody knows about the issue and can adjust his expectations there is no problem.

[m2017]

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

A sudden revival of a large number of bitcoins (if it is released into the market) will crash the market (temporarily), but over time everything will recover. This happens with any asset when new sources appear. For example, this was the case with Spain, when huge flows of gold poured into the country from South America thanks to the conquistadors.

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.

Well, that hasn't happened yet. It may not happen, which means decentralization will continue.

3. BTC is complex- money needs to be idiot proof.  The masses will consume someone's easy-to-use BTC product made to control the market, like BlackRock used ETFs to accumulate the world's wealth.

No one is stopping the masses from buying bitcoin, just like bitcoin ETF. The door to BlackRock is always open for idiots.

4. It's a piece of code. It's not actual gold, AU, which is fixed on the Periodic Table as an element.  There is no "AU.version3.45", and you can't copy it and turn it into ButtCoin.v2

You too, just a piece of DNA.
The question of what is real is a philosophical question. The real is what we believe in.

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

This fad happens with any financial asset in the human world. Be it stocks, bonds, money, etc. Bitcoin is no different from all this in this regard.

6. BTC's real profitability is through market manipulation, the absolute value is irrelevant. Coordinate actions by whales, or quotes by Elon Musk can cause big moves.  It's profitable in both rises and crashes, with the retail investor paying the price.

The current fluctuations are a temporary phenomenon. Real profitability is achieved due to the increase in demand for bitcoin, which entails an increase in the cost of bitcoin.

7. Elites run the world and fiat is easier for them to manage, and pleebs follow them in exchange for small boons.  Elites move their fiat systems to CBDC with an XRP model, since XRP was designed to emulate a Fed (which is why us government locked it down). It mints and owns the XRP and passes them into circulation to banks it sees fit.  No, your XRP will have no value . They will copy the code and issue CBDC tokens.

CBDC does pose a real threat to bitcoin. In terms of mass participation. But bitcoin can exist as an alternative monetary system.

8. Fun Conspiracy. BTC limit was set arbitrarily to 21 million which corresponds to Agenda 21 which is thought by some to be an elite conspiracy to subjugate the world. . Let's save MSM the trouble and agree.... "there is no evidence of that".

This sounds so unserious that I don’t even want to comment on it.

[Cryptomultiplier]

1. Predictable BTC loss is destabilizing.  Every transaction includes risk of  loss, meaning a greater portion of supply that is immobile will grow.  No, that's not solved with divisibility.   The world cannot have confidence trading it's wealth in 1 million BTC with 20 million sitting on chain immobile.  If another million can suddenly wake up because an unknown pool has been hoarding them, it wrecks the market.

This might be an issue when more and more people decide to HODL and the liquidity dries up. But the market should correct itself, prices will go up quickly until people start to consider selling again. We will just start trading in always smaller quantities, until prices drop when the majority of HODL investors start selling. This is not something that is only happening in the crypto world. The stock market faces the same risk and is doing fine for the last 100 years. I don't this is going to be a big issue in the crypto world. A company can just issue new shares overnight and dilute the existing shareholders putting pressure on the price. Or some of the wealth, or large college, or retirement funds that hold large portions of companies could rebalance their portfolios, sending prices down. There are a lot of stocks that are not actively being traded and the market is still doing fine. As long as everybody knows about the issue and can adjust his expectations there is no problem.

Despite the reasons so far mentioned, the long standing history of its existence will speak for it and all of us who use it will not be able to HoDL at once so as it becomes scare or unavailable.
The halving should be one corrective measure to instigate the market seasons that would cause buying and selling in large quantity, hence why it would keep existing even if the ETF is failed to be implemented.

[buwaytress]

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

True for anything masquerading as "crypto", but Bitcoin moved past potential years ago (or perhaps, realised many of its potential uses), Ask any of its users (and no I don't think traders/speculators qualify for the question) what they use Bitcoin for. It's not potential but real-world utility. Least, that's how it's been for me for the majority of years since 2016.

In my case, I don't just want Bitcoin. I need it to make earning a living possible.

Bitcoin isn't even about "it can". It simply does.

[red4slash]

From the first stanza I read when you said you like btc but seeing from the title by saying btc will fail there is actually a conflict in you that you have to solve mate
Regardless of the series of reasons you give when saying btc will fail the fact is that until now btc is still leading to a very good situation and even continues to increase from year to year as time goes by.
I don't want to argue the points you gave as reasons in this case but in the end I will still see the fact that until now bitcoin is still on a very good path and is still very worthy to be used as an investment for myself so I will remain in bitcoin because of that.
If in the end in the future there are indeed several events including the failure that you discussed, I don't think it matters because in the end everything that smells of technology will definitely have a replacement over time and what is now very good may in the future be replaced by something new so as long as I can still be in btc and btc is still something that is feasible for me at this time then I will still be there.

[BadAss.Sx]

When BTC dies we are all death anyway

[libert19]

2. Big tech trends towards monopoly, BTC will eventually be controlled and one pool will control 51%.  Dominant pools already have emerged, which means Monoply is inevitable.  A truly decentralized system has no components that trend towards centralization.

I do not think complete decentralization is possible, where there is money involved, system will always favor the rich, and if there is no money involved, who will bother?

5. BTC has value only in it's "potential" - which creates real transient value because people want it -  but that only runs until is potential declines. It's a fad.  Like any pump and dump, the profit is in the sales.

You are right and you could argue same about every single thing in the world, i.e, a thing has value because people want it, otherwise it becomes valueless like dust. Even if Bitcoin is fad, it's going to last very long, it's offsprings are many, which will keep improving what Bitcoin has started as a technology.