I propose that Bitcoin is a worthless asset. Please show why I am correct.

[Pi-network314159]

this is a very funny thread, you made this thread intentional right? you just want to here the bad side of the story and i guess you have gotten more than enough of what you wanted, i always speak positive about bitcoin though but that doesn't mean that bitcoin doesn't have bad side. yes bitcoin is worthless because it can even fall to zero the next minute, and asset that can drop from $126k down to $65k for no reason. this asset is an emotional gambler, it has the potential to cause high blood pressure possibly untimely death for whales. an asset that is irreversible if it is sent to a wrong address.  an asset that can be loosed forever within the twinkle of an eye by just misplacement of your seed. an asset that is useless without electricity in times of transaction and you cant know the value of it price without internet. the only asset that can make Michael Saylor to lose $47 billion within a short period of time.

are you happy now?

[RealNoblee]

The inherent rapid and unpredictable nature of Bitcoin brings about price fluctuations, thereby making the stores of value unreliable

Furthermore, Bitcoin stability is determined by some few high individuals and entities even with the rate of acceptance  because it does not  have constant avenue for creating cash flow.

[Jubilee58]

Bitcoin is a worthless asset because, their is no guarantee of making profit, and this is the more reason why people are advised to invest what they can afford to loose.
People have lost their hard earned money to bitcoin because of bitcoin volatility and thereby ever regretted investing their money in Bitcoin, and as we can see, the reward for Bitcoin and percentage increase is diminishing after every bull cycle making it uncertain for investors to make profit with time.

Bitcoin has no solid backing by government or even institutions, and this singular factor makes bitcoin unreliable and worthless investment.

[Obulis]

One will begin to wonder what actually makes Bitcoin worthless but without thinking too much, the fact government doesn't back Bitcoin investment is not a good idea to an extent I guess that is why the uncertain regulation and the volatile nature is just like breeze without specific direction. These active volatility makes it hard to break even on investment compared to other less volatile assets.

[samadam007]

Bitcoin being called digital gold is supposed to be a safe asset that holds its value when everything else is going bad, but it does the opposite in reality… It falls harder than risky stocks. Instead of protecting your money, it loses value faster

That is why Bitcoin fails the ‘store of value’ test in the moments that matter.

[Cossyblack]

Bitcoin would be worthless if everyone starts dumbing it for gold the price will fall it and the value will worthless.
If government in every nations place a permanent ban on the use of bitcoin or restrict citizens from ever owning it bitcoin would be worthless. If all centralised and decentralised exchanges delist bitcoin from their exchanges people won't be able to buy bitcoin and that will make bitcoin worthless. If people can't buy bitcoin they can't hold that will make bitcoin worthless.

[JaanusRaim]

Bitcoin price increases in the period 03/01/2009 - 31/12/2017 (3285 days) 14 000 000x (from 0.001 usd to 14 156 usd)
Bitcoin price increases in the period 01/01/2018 - 27/02/2026 (2979 days) 4.66x (from 14 156 usd to 66 028 usd)
this means 3 000 000-fold difference between the periods of similar length

It is not just the problem of Bitcoins great volatility. It means something much more deep - something entirely new has happened from the January 2018.

The difference between these two periods (2009-2017 and 2018-2026) is so huge that we can not treat Bitcoin as the same thing, the same currency (at best these two periods are like the two different scenes of the same performance/comedy). Quantity becomes quality. New thing - new rules. The time series from the years 2009-2017 are useless nowadays.

To analyse the Bitcoin from 2009 to 2026 is as absurd as to analyse the working of the engine of a car when it moves and when it stands (and not taking account the difference of these two states).

[avp2306]

Bitcoin is currency of evil since this coin is mainly used for illegal schemes like use it on silk road to buy drugs and other illegal things they could find online.

Also we should follow what mainstream media said that Bitcoin is not good asset to have because this is link with illegal activities such as those mentioned and also used for money laundering schemes.

Government will eventually shut it down due to its illegalities.

[Ishicryptic]

Realistically I believe that every Bitcoin investors has that small fear and it doesn't matter how micro it is that Bitcoin might crash one day, we like to brush off this fear and tell ourselves that Bitcoin value will always reach ATH in the future. Truth be told there is no guarantee that Bitcoin must continue to be profitable in the next 10 years to 20 years because it's high value depends on scarcity. If almost every holders dumps their Bitcoin and jumps on a future store of value with sure guarantee that you don't have to wait for years before ATH then Bitcoin will become worthless because their will be excess supply without demand. We are investing our money in Bitcoin out of believe that it will give us profit but in reality there is nothing tangible to support this theory.

[tabas]

I will make it simple, it is worthless because there is no exit strategy.

[Cyber_warrior]

I think bitcoin is a worthless asset because of its complexity, it's too difficult to understand. The fact that it can easily wipe away someone's hard earned money in a short period even though the person has no intention in investing for profit. Someone can't even save his money peace
It is seen as a store of value but steadily giving high BP.
People say Bitcoin offers financial freedom but users still use secretely.
 

[Supreme Donvic]

Bitcoin is worthless because it was not created by the government. Bitcoin is worthless because by countries government is not in support of it.
Bitcoin is worthless because a lot of supermarkets and banks don’t accept bitcoin in my country.

[Tonimez]

Bitcoin is worthless because an investor is not sure of what will happen to his money by tomorrow. Whatever puts someone on the risk of running a high blood pressure sooner than he can imagine is very worthless. It takes a stubborn fly to invest in bitcoin.

Bitcoin is worthless in the sense that even before you decide to invest, you are encouraged to invest with money you can afford to loss and you also put your self at risk of returning to square one when it finally crashes sooner than you can imagine.

Bitcoin is worthless because you don't know what happens behind the charts, who controls the charts and you don't also have anywhere to run to when it's all gone. Bitcoin relevance will vanish when investors are tired of loosing their money.

[Shineup]

While bitcoin is a good coin it also have some trade - offs and limitations, it requires electricity, Internet and having the ability to read and write and this has already put aside so some people who doesn't have access to this requirements to be part of Bitcoin innovation to  a great extend and that is an issue of accessibility, people are existing in different world and environments.

[Richbased]

I know this is sarcasm but i will play along since it's a proposal from you @philipma1957. I would say that bitcoin is a worthless coin because when the last set of bitcoins will be mined, we all must have joined our ancestors in the grave. Imagine being alive when bitcoin was introduced, only to be absent when the limited supply of 21 million bitcoins will be mined completely in the year 2140, what is the need of it then so it's worthless!

[Hardyrobust]

Volatility is one thing that makes bitcoin to worthless as it is possible to lost a fortune within a blink of an eye.Bitcoin doesn't have any worth without people beliefs and on its own it is totally worthless when the people doesn't believe in it. Also transaction involving bitcoin is very low and the transaction fee is very high. Lastly investment in bitcoin doesn't guarantee successful returns making it to be very risky and it is not recognised or acceptable to all.

[Btcdeybodi]

I have read all replies from 1st page to page 4 and it seems people have ran out of ideas, there are repetitive opinions and even though what i have in mind has already been said by one or two persons, i can say that bitcoin is a worthless coin because without the internet, no one will hear about bitcoin anymore and this is where the fiat currency is supreme because even without the internet, people can still make transactions since they are in cash.

[Kryptonite788]

Bitcoin is worthless because during network congestion transactions will  frustrate you because of time it can take.

Bitcoin is worthless because if you lost your private key that is bye bye to your BTC, you cannot recover it. So it is created for only people that cannot make mistakes, that bad because human being sometime make mistakes

Bitcoin is worthless because decentralization look like a lie because the whales has the power to influence the price and control the market.

Bitcoin is worthless because when there is no Internet, Bitcoin cannot be transacted becausebecause it is not physical.

[Stormisover]

Volatility is one thing that makes bitcoin to worthless as it is possible to lost a fortune within a blink of an eye.Bitcoin doesn't have any worth without people beliefs and on its own it is totally worthless when the people doesn't believe in it. Also transaction involving bitcoin is very low and the transaction fee is very high. Lastly investment in bitcoin doesn't guarantee successful returns making it to be very risky and it is not recognised or acceptable to all.

Have it in mind that without that Sam volatility Bitcoin wouldn't have gotten to where it is now, volatility is the top reason while new investors keep coming in terms with bitcoin, imagine if Bitcoin where to be a stable coin would it have gained so much adoption? volatility isn't just on the side of decline it also involves an uptrend incline so technically volatility doesn't make bitcoin a worthless asset because without this same volatility investors will be not getting profits from their investment but what you can relate and I will agree with you is that bitcoin is not guaranteed to be profitable either in short term or long term.

[philipma1957]

I have read all replies from 1st page to page 4 and it seems people have ran out of ideas, there are repetitive opinions and even though what i have in mind has already been said by one or two persons, i can say that bitcoin is a worthless coin because without the internet, no one will hear about bitcoin anymore and this is where the fiat currency is supreme because even without the internet, people can still make transactions since they are in cash.

Yeah it has become too repetitive so I am locking it.

I may revisit in a few weeks time.