This article mentions the bitcoin is useless and this cannot be fixed by Trump

[Sandra_hakeem]

Funny thing is that they always use the ATH for their reasoning but none of them tell you that for example when I entered the bitcoin world, the price was barely $500 and today it is $60,000

Sometimes I wonder how they just keep creating these factless arguments every single time for years, when it already feels like Beating a dead horse to me. You know what type of loser you have to be, to revive an argument on something that has evolved this far? Stupid one. I don't engage in such discussions.

The only thing new about this FUD is that the authors have brought their extremely polarized political war into the bitcoin world... that doesn't make it worthy of its own topic either.

Exactly, cause why should it? This isn't a political forum afaik. On no account, in no scenario, do I really wish to engage in any of their Polarized wars: if it ever happens that one country (whichever) steps in, takes control (which I'm sure it's not going to happen, just saying), and of course weaponizes Bitcoin against the rest, I'm out. ^{[Always on the lookout for anything that goes past "just spreading the Fud"]}

[Easteregg69]

It's like with CIA. You keep the chair even after the president is gone.

See. Like with the Biden dude.

It's useless is it's force. No one gets fired just because you have a bad day. Saying. In math they need some kind of absolute truth.

[Taskford]

Funny thing is that they always use the ATH for their reasoning but none of them tell you that for example when I entered the bitcoin world, the price was barely $500 and today it is $60,000

Sometimes I wonder how they just keep creating these factless arguments every single time for years, when it already feels like Beating a dead horse to me. You know what type of loser you have to be, to revive an argument on something that has evolved this far? Stupid one. I don't engage in such discussions.

The only thing new about this FUD is that the authors have brought their extremely polarized political war into the bitcoin world... that doesn't make it worthy of its own topic either.

Exactly, cause why should it? This isn't a political forum afaik. On no account, in no scenario, do I really wish to engage in any of their Polarized wars: if it ever happens that one country (whichever) steps in, takes control (which I'm sure it's not going to happen, just saying), and of course weaponizes Bitcoin against the rest, I'm out. ^{[Always on the lookout for anything that goes past "just spreading the Fud"]}

Also why rely on Trump action? Also Bitcoin is not broken why need to fix? The old man is manipulator and I'm not happy with his participation, since he's using Bitcoin for his personal gains.

If they keep listening on those antics done by Trump and those people using his name they provably an easy subject for manipulation. Better forget about Trump just like what people did on Elon Musk before, so they can continue to deal with Bitcoin without worrying those people and their manipulative action done on Bitcoin.

[Sandra_hakeem]

Also why rely on Trump action? Also Bitcoin is not broken why need to fix? The old man is manipulator and I'm not happy with his participation, since he's using Bitcoin for his personal gains.

Trump didn't make any judicious use of the public's interest; he's not trying to fix anything. He read the system so well and took advantage of the opportunity to make the youths (especially the gullible ones) believe him.

Let's not forget that before this time, he made a public statement to denounce his involvement to any crypto-related stuff (Bitcoin was still doing pretty well) but switched up when he noticed it was easier to swim with the waves than it was to go against it.

[betswift]

Also why rely on Trump action? Also Bitcoin is not broken why need to fix? The old man is manipulator and I'm not happy with his participation, since he's using Bitcoin for his personal gains.

Trump didn't make any judicious use of the public's interest; he's not trying to fix anything. He read the system so well and took advantage of the opportunity to make the youths (especially the gullible ones) believe him.

Let's not forget that before this time, he made a public statement to denounce his involvement to any crypto-related stuff (Bitcoin was still doing pretty well) but switched up when he noticed it was easier to swim with the waves than it was to go against it.

Politician and businessman at his finest

[purple_sparkles]

Also why rely on Trump action? Also Bitcoin is not broken why need to fix? The old man is manipulator and I'm not happy with his participation, since he's using Bitcoin for his personal gains.

Trump didn't make any judicious use of the public's interest; he's not trying to fix anything. He read the system so well and took advantage of the opportunity to make the youths (especially the gullible ones) believe him.

Let's not forget that before this time, he made a public statement to denounce his involvement to any crypto-related stuff (Bitcoin was still doing pretty well) but switched up when he noticed it was easier to swim with the waves than it was to go against it.

Politician and businessman at his finest

As long as Trump is in power and has significant influence over economic and other global processes, I don’t think it’s right to claim that he cannot affect the relevance or importance of bitcoin.I believe bitcoin has already earned its authority, and no articles will be able to truly devalue it. Too many global corporations have already invested substantial assets into it, and they are likely to maintain it in strong positions because it serves their interests, and they have the ability to influence that.

[hero_the_bossman]

As long as Trump is in power and has significant influence over economic and other global processes, I don’t think it’s right to claim that he cannot affect the relevance or importance of bitcoin.I believe bitcoin has already earned its authority, and no articles will be able to truly devalue it. Too many global corporations have already invested substantial assets into it, and they are likely to maintain it in strong positions because it serves their interests, and they have the ability to influence that.

He can affect it, but he can't control it.

[lionheart78]

Do you think this is the start of a political cycle or what, although this article or whatever they plan to do as opposition, can't affect the adoption or price of Bitcoin, then why even try?

Bitcoin had been entangled with politics even before the election of 2024, but I admit that the 2024 US election boldly showcased cryptocurrency, specially Bitcoin, being used as a political agenda, and surprisingly, it the pro crypto agenda cemented Trump's position being the president, although I think Trump can win the election even without their crypto agenda.

The crypto get tangled with the government because the government wanted to get entangled with cryptocurrency.  Even without the government, crypto, specifically Bitcoin, is doing fine.

Actually they need to engage with it, otherwise, he might not have won the election but I think that's also partially right. He had all the cards in his hand and he played them right even if this one was played wrong (if) he would still have won but he gave bull run to us and that's for sure. Banks are dying to adopt bitcoin etfs because their customers are running away haha.

A Bitcoin bull run is due, remember, it was in 2024 when the Bitcoin halving occurred, and the market during that time was alreadyrecovering. I do not think it is because of Trump's entanglement with crypto, but rather the market is due to that bull run. 

[nemesis_incarnate]

Do you think this is the start of a political cycle or what, although this article or whatever they plan to do as opposition, can't affect the adoption or price of Bitcoin, then why even try?

Bitcoin had been entangled with politics even before the election of 2024, but I admit that the 2024 US election boldly showcased cryptocurrency, specially Bitcoin, being used as a political agenda, and surprisingly, it the pro crypto agenda cemented Trump's position being the president, although I think Trump can win the election even without their crypto agenda.

In politics, you use every lever you can touch, and crypto lever was no exception to that rule.

[Z-tight]

Today, Bitcoin and crypto are "Trump/Republican things". That's a brand that it's stuck with until the crypto industry's backing of the Republican party stops (or equalizes, like other industries do), and even then it's going to take a long time for Bitcoin and crypto to be non-partisan again, if it ever happens at all.

You are sounding like Trump 'controls' the BTC network, but you clearly know he doesn't. The only reason why the crypto community supported Trump and the Republicans in the last election is because of how anti-crypto the past (Biden) administration was. It does not transcend to BTC being a 'Trump/Republican thing'.

BTC and the crypto market has always reacted to economic and political policies and decisions. I agree that Trump has made a lot of decisions that have rocked the entire investment market, but that does not mean he 'controls' it. And just as people like Elon Musk who previously had some kind of influence on crypto price movement, Trump's influence is also probably going to wane along the line.

[Smartprofit]

In my opinion, from the perspective of someone who benefits greatly from the modern financial system, everything written in this article is true. 🤷 For such a person, Bitcoin is truly useless. I would even say it's very harmful for such people...

However, it should be noted that there are currently 8 billion people in the world. And not all of them benefit from the modern financial system. People want to be free and independent from banks and governments. And, in my opinion, only Bitcoin, cash, and Monero can give them such freedom.

In my opinion, the author of the article is partially correct in asserting that Bitcoin's rise to $125,000 was largely based on the euphoria of traders and investors (caused, in turn, by Donald Trump's emotional speeches). And now the price has fallen again to $66,000. That's true...

However, in my opinion, there is another truth.  If institutional players hadn't linked Bitcoin to their derivatives, if they hadn't tried to force it into the modern financial system, Bitcoin would be worth $300,000 right now, maybe even $500,000. Currently, Bitcoin is held back by government regulation, spot ETFs, futures, options, stocks, and so on.

We're seeing rising prices for gold and silver. However, the price of Bitcoin isn't rising. In my opinion, this is because Bitcoin has recently been actively integrated into the modern financial system: a system that is essentially dead and has no future. And this, in my opinion, poses a very serious threat to the world's leading cryptocurrency. 🙅

[Wind_FURY]

In my opinion, from the perspective of someone who benefits greatly from the modern financial system, everything written in this article is true. 🤷 For such a person, Bitcoin is truly useless. I would even say it's very harmful for such people...

However, it should be noted that there are currently 8 billion people in the world. And not all of them benefit from the modern financial system. People want to be free and independent from banks and governments. And, in my opinion, only Bitcoin, cash, and Monero can give them such freedom.

In my opinion, the author of the article is partially correct in asserting that Bitcoin's rise to $125,000 was largely based on the euphoria of traders and investors (caused, in turn, by Donald Trump's emotional speeches). And now the price has fallen again to $66,000. That's true...

However, in my opinion, there is another truth.  If institutional players hadn't linked Bitcoin to their derivatives, if they hadn't tried to force it into the modern financial system, Bitcoin would be worth $300,000 right now, maybe even $500,000. Currently, Bitcoin is held back by government regulation, spot ETFs, futures, options, stocks, and so on.

We're seeing rising prices for gold and silver. However, the price of Bitcoin isn't rising. In my opinion, this is because Bitcoin has recently been actively integrated into the modern financial system: a system that is essentially dead and has no future. And this, in my opinion, poses a very serious threat to the world's leading cryptocurrency. 🙅

THEN it's definitely the same sort of situation during the mid to late-90s when corporation "couldn't see" a future for their business in adopting the internet. It was DECADES later that those corporations fully adopted it and changed their business models to stay competitive in the Digital World.

It's happening again through Bitcoin.

HODL

 

[d5000]

However, in my opinion, there is another truth.  If institutional players hadn't linked Bitcoin to their derivatives, if they hadn't tried to force it into the modern financial system, Bitcoin would be worth $300,000 right now, maybe even $500,000. Currently, Bitcoin is held back by government regulation, spot ETFs, futures, options, stocks, and so on.

We're seeing rising prices for gold and silver. However, the price of Bitcoin isn't rising. In my opinion, this is because Bitcoin has recently been actively integrated into the modern financial system: a system that is essentially dead and has no future. And this, in my opinion, poses a very serious threat to the world's leading cryptocurrency. 🙅

I think Bitcoin indeed could benefit from a broader adoption, i.e. if a larger percentage was owned by retailers and not by institutions.

But I think you're wrong that Bitcoin price would be higher already if Wall Street hadn't adopted it. The price has also benefitted a lot from the ETFs. The rise from 30,000 to 70,000 in 2023/24 was very likely purely driven by speculation on the ETFs and then the ETF influxes themselves. Without them, I think the 2025 rally peak would have been lower, and maybe it would have even been below 100,000$ (and now we could already sit below 50k again ...).

We can of course imagine an alternative history where Bitcoin, from let's say 2017 on, would have evolved differently. With people adopting it as a currency and for long term savings broadly (instead of shortterm speculation), a widely adopted Lightning Network (which came to life approximately at that time also), speculation limited mostly to altcoins, and so on. In that scenario I could have imagined a price of 300,000 for 2026. But there were several hurdles, among others, scalability (a broad adoption based on Lightning alone would have been difficult, Ark and sidechains are also important probably), and the extremely high volatility in that period. So I think this scenario was very unlikely from the start.

I think however there are good chances that the next rally could be retailer driven and broad adoption becomes reality. Scalability solutions are around the corner, Ark has been recently started as beta, and there are also some interesting sidechain projects. That looks irrelevant right now, when we're seing 0.15 sat/vbyte fees and some empty blocks. But when retailers really adopt Bitcoin, these technologies will be hugely important.

Perhaps the 30% of the population adopting Bitcoin could become true in that retailer-driven rally, and not only in the US, but worldwide. That would debunk the "Bitcoin is useless" statements forever and set a solid path for Bitcoin's future.

[bbc.reporter]

There is so much ignorance, propaganda, and bias in the article, but he also has a lot of valid points. The problem is that since they are coming from an angle of personal or party agenda, they miss the whole point.
The part where he talked about "The most friendly bitcoin administration" is true. It's ironic that people who are supposed to be lovers of Bitcoin are the same people who are facilitating its decline.
From the onset, it was obvious that the administration simply wanted to please the donors, win the heart of the bitcoin and crypto community and make so much money from the industry

The part about regualtion too, I can agree with. Crypto companies need a lot of regulation, not because they fund terror groups like critics like to say, but because they can cause huge losses to customers. We can criticise the writer for displaying so much ignorance of something he can easily read and understand, but we also have to recognise how the Trump administration was the exact opposite of what the industry needed.

If the next president is a Democrat, we can be certain that it will be something similar to the time when our favorite uncle Gary was the chairman of the SEC heheheh. Regulation through enforcement tactics will be back and founders in the cryptospace will be having the risk of going to prison hehehehe. This will be headshaking.

The will use fud and news articles similar to this.



Two-thirds of Russian financial pyramid scheme operators use crypto, the country’s central bank says, with citizens sending Bitcoin and other tokens to over 4,600 criminal group-owned crypto wallets.

The central bank says it identified 7,087 financial pyramids, pseudo-brokers, and other fraudulent schemes last year. The bank says 80% of these pyramids operated online, with the majority using crypto and money mules.

“Most of the illegal projects [...] had no offices and interacted with potential clients via social media and chat apps, or by phone. They most often used cryptocurrency to raise funds,” bank officials wrote.

Read in full https://www.dlnews.com/articles/regulation/russian-pyramid-scheme-operators-turn-to-crypto-en-masse/

[bitbollo]

All this FUD after many years we are seeing btc "properties" should be just discarded at scratch. Bitcoin has been always useless and expensive
This has always been annoying in our field, tons of words by "important journalist" or print paper and at the end nothing was true.
Nowadays we have acquired a kind of historic knowledge on bitcoin. We know very well what crypto have bring and what they have destroyed in the same way (like the trust in this field). 

[legiteum]

Today, Bitcoin and crypto are "Trump/Republican things". That's a brand that it's stuck with until the crypto industry's backing of the Republican party stops (or equalizes, like other industries do), and even then it's going to take a long time for Bitcoin and crypto to be non-partisan again, if it ever happens at all.

You are sounding like Trump 'controls' the BTC network, but you clearly know he doesn't.

He doesn't, and I never said he did. That's a straw man.

The only reason why the crypto community supported Trump and the Republicans in the last election is because of how anti-crypto the past (Biden) administration was.

Bitcoin went up 500% under president Biden. Miss him yet?

It does not transcend to BTC being a 'Trump/Republican thing'.

BTC and the crypto market has always reacted to economic and political policies and decisions. I agree that Trump has made a lot of decisions that have rocked the entire investment market, but that does not mean he 'controls' it. And just as people like Elon Musk who previously had some kind of influence on crypto price movement, Trump's influence is also probably going to wane along the line.

When the Bitcoin/crypto industry made themselves the largest single donor to the US 2024 elections, and almost all of that money went to Trump and his party, that made Bitcoin "a Trump/Republican thing". That's what a few billion dollars in campaign donations does to a consumer brand name, and there's no going back.

Trump's influence over Bitcoin's price will wane after he leaves office, and after the backlash against everything Trump wears off. That's about 4-6 years away though.

And don't mix up Trump's disastrous influence on the US economy as a whole making the price of Bitcoin go down with all of the things he does to make it go up, like personally owning $billions in Bitcoin, running a crypto company, and promising investors he will bail out Bitcoin. All of that will be reversed when Trump becomes unpopular, and that will make the price of Bitcoin--no matter how low it's already gone--go much lower.

In other words, if you think Trump has been bad for the price of Bitcoin... you ain't seen nothing yet .

[Wind_FURY]

All this FUD after many years we are seeing btc "properties" should be just discarded at scratch. Bitcoin has been always useless and expensive

This has always been annoying in our field, tons of words by "important journalist" or print paper and at the end nothing was true.

Nowadays we have acquired a kind of historic knowledge on bitcoin. We know very well what crypto have bring and what they have destroyed in the same way (like the trust in this field). 
 

"Useless" for who? The established legacy political/financial institutions? - YES, Bitcoin IS "useless" for those institutions. BUT it's not actually useless if you want to go around the rules and the policies of those legacy institutions, AND at the same time, Bitcoin takes the power away from them and back into OUR hands. THE PLEBS' HANDS. That's the power of Censorship-Resistance, and they don't want plebs to have that sort of power.

HODL

[davis196]

I can assume that the article author is a secret Bitcoiner, who lost lots of money due to the BTC price drop and is now openly hating on BTC. We've seen this before, when many BTC investors, who were expecting a new ATH ended up acting butthurt when the price dropped.
To be honest, I enjoy watching Youtube videos, that are criticizing Bitcoin/crypto every once in a while. Some of those Youtubers provide really valid arguments about why Bitcoin/crypto isn't as successful as we want it to be and why the crypto world basically turned into a giant "zero sum gambling game".

[nemesis_incarnate]

I can assume that the article author is a secret Bitcoiner, who lost lots of money due to the BTC price drop and is now openly hating on BTC. We've seen this before, when many BTC investors, who were expecting a new ATH ended up acting butthurt when the price dropped.
To be honest, I enjoy watching Youtube videos, that are criticizing Bitcoin/crypto every once in a while. Some of those Youtubers provide really valid arguments about why Bitcoin/crypto isn't as successful as we want it to be and why the crypto world basically turned into a giant "zero sum gambling game".

That's a rare case as for me, imo.

Usually those videos are just.. pure garbage or slop incarnate.

[Wind_FURY]

I can assume that the article author is a secret Bitcoiner, who lost lots of money due to the BTC price drop and is now openly hating on BTC. We've seen this before, when many BTC investors, who were expecting a new ATH ended up acting butthurt when the price dropped.

To be honest, I enjoy watching Youtube videos, that are criticizing Bitcoin/crypto every once in a while. Some of those Youtubers provide really valid arguments about why Bitcoin/crypto isn't as successful as we want it to be and why the crypto world basically turned into a giant "zero sum gambling game".

Let's pretend that's true. That's how he relieves himself from the massive STRESS of being a HODLer during crashes and the DIPs of the Bear Cycle. But THAT probably is an indicator of the starting phases of his path towards mental insanity caused by "The HODL".