Bitcoin Worthless

Verizon / R&D
ComTruise

Go to company page Verizon R&D

 ComTruise
Dec 16, 2020 272 Comments

How is Bitcoin $20000 or even $100,000 if it is controlled by a handful of whales that own thousands individually?

Don’t get me wrong, I love the tech and principle behind it.

The whole point of Bitcoin was to be decentralized. If I had say 20,000 bitcoins and I put them on sell on some exchange for cheap, the whole price of Bitcoin comes crashing down.

Someone please tell me how it is valuable when a bunch of jerkoffs got lucky hodling since 2011? It should be $0. #Bitcoin

Full disclosure: I own 5.

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 TOP 272 Comments
  • Amazon
    Kingpin”

    Go to company page Amazon

    PRE
    Google
     Kingpin”
    I still don’t understand how something like bitcoin can be valuable when anyone can create a new variant of bitcoin any day.
    Dec 16, 2020 16
    • Money shouldn't have intrinsic value. I don't understand why people don't get that. Money is just a representation of value.
      Feb 18, 2021
    • Walmart
      peterpie

      Go to company page Walmart

      peterpie
      people talking about gold n Fiat intrinsic value, u cant clone another metal like gold n set the limited supply, fiat intrinsic value is that it's backed by the government, Bitcoin as such doesnt have any value or any usecase exception of the technology underneath it, that's the value not the Bitcoin itself, it's the pets.com of blockchain tech. anybody can clone n create alternate limited supply coin like Bitcoin, ico here to stay, coins will be valuable provided they have an usecase, but certainly Bitcoin isn't the one. Market cap currently is fuelled by fancy digital name n greedy people jumping on the bandwagon to make quick cash in a month
      Mar 5, 2021
  • Cisco
    ojaytnn55

    Go to company page Cisco

    ojaytnn55
    Those who don’t get it, you really need to educate yourself. I feel really sorry for you if you don’t understand it. It’ll cause you to sell the greatest invention in mankind at $50k or $100k.

    Go read and listen to Robert Breedlove, Preston Pysh, Vijay Boyaparti, Nick Szabo.

    All the information is there. This is a wealth transfer to anyone who is curious and willing to learn. Ignore at your own peril. The train is leaving the station.
    Dec 16, 2020 17
  • Google
    monkaS.

    Go to company page Google

    monkaS.
    It should be 100k. I own 0.
    Dec 16, 2020 7
  • Tableau
    XTBn03

    Go to company page Tableau

    XTBn03
    No matter what the intentions behind it at the time of creation, it’s a pyramid scheme now. It’s value propelled only by new people buying into it and making early adopters even richer. Unlike a stock, it doesn’t add economic value by itself. I am all for staying away from it.
    Dec 16, 2020 10
  • Google / Eng
    Morono🦠

    Go to company page Google Eng

     Morono🦠
    It's been around for a decade and still hasn't gained any significant chuck of is primary market - money transfers.
    The whole value of bitcoin right now is FADy speculation, aka gambling.
    What did you expect?
    Dec 16, 2020 2
    • Google
      hjhffcvb

      Go to company page Google

      hjhffcvb
      Hey you have not used it doesn’t mean it doesn’t exist… BTC is my first choice to do international transfers. Faster, cheaper, and easier than making an international wire transfer in banks
      Jan 7, 2021
    • Microsoft / Eng
      bubabos

      Go to company page Microsoft Eng

       bubabos
      > It's been around for thousands of years and still hasn't gained any significant chuck of is primary market - money transfers.
      The whole value of GOLD right now is FADy speculation, aka gambling.
      What did you expect?
      Feb 7, 2021