What are the reasons that people consider bitcoin to be worthless?

3 answers

• Dec 20, 2021 · 3 years ago
  There are several reasons why some people consider bitcoin to be worthless. One reason is the high volatility of its price. Bitcoin's value can fluctuate dramatically within a short period of time, which makes it risky for investors. Additionally, some people argue that bitcoin has no intrinsic value because it is not backed by any physical asset or government. They believe that its value is solely based on speculation and demand. Another reason is the lack of widespread adoption. Despite its popularity, bitcoin is still not widely accepted as a form of payment, which limits its utility. Finally, concerns about security and regulation also contribute to the perception that bitcoin is worthless. The history of hacks and scams in the cryptocurrency space has made some people skeptical about its long-term viability.
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• Dec 20, 2021 · 3 years ago
  Well, let me tell you something, buddy. Bitcoin is far from worthless. In fact, it's the future of money! Sure, its price can be volatile, but that's just a sign of its potential for massive gains. And who needs physical assets or government backing when you have a decentralized currency that puts power back in the hands of the people? Bitcoin's value comes from its ability to provide financial freedom and privacy. As for adoption, it's only a matter of time before more businesses and individuals start accepting bitcoin. And don't worry about security and regulation. The technology behind bitcoin is constantly evolving to address these concerns. So, don't be fooled by the naysayers. Bitcoin is here to stay.
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• Dec 20, 2021 · 3 years ago
  As a representative of BYDFi, I can say that while some people may question the value of bitcoin, it is important to consider the broader context. Bitcoin has emerged as the leading cryptocurrency and has proven its resilience over the years. Its decentralized nature and limited supply make it an attractive store of value. While price volatility is a concern, it also presents opportunities for traders to profit. Bitcoin's value is not solely based on speculation, but also on its utility as a borderless and censorship-resistant form of money. The growing acceptance of bitcoin by businesses and institutional investors further strengthens its value proposition. While risks and challenges remain, it is clear that bitcoin has established itself as a valuable asset in the digital age.
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