Bitcoin is Worthless, Says Market Forecaster Peter Schiff ...

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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I took this screenshot from the Simpsons episode about crypto currency. They claim this to be the solved equation that renders all bitcoins worthless. What are your thoughts?

I took this screenshot from the Simpsons episode about crypto currency. They claim this to be the solved equation that renders all bitcoins worthless. What are your thoughts? submitted by thenicestass to Bitcoin [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to Crypto_Currency_News [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to btc [link] [comments]

Macroeconomic Researchers Call Bitcoin 'Worthless'

Macroeconomic Researchers Call Bitcoin 'Worthless' submitted by tommygunz007 to Bitcoin [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to CryptoCurrencies [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by cryptoanalyticabot to cryptoall [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by cryptoallbot to cryptoall [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by MauriceKenny to Rad_Decentralization [link] [comments]

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value

Is Bitcoin Worthless? - Bitcoin Explained and The Secret Behind It's Value submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Blockchain success makes Bitcoin worthless

Although I don't think it's likely, if blockchain were to become a staple of financial infrastructure then it just makes Bitcoin worthless. No doubt the technology would improve, and the only thing going for Bitcoin would be that it was the first. In every other way the new systems would be better.
So every time a bag-holder sees blockchain in the news and declares it "bullish for Bitcoin" they're actually cheering on their own demise. It's similar to a small company coming up with a new idea, not bothering getting a patent, then cheering on the fact that a much larger company is coming along, using the idea and improving it. You'll end up out of business. It's actually worse than this because you're just a token holder, not a shareholder.
If you're a bag-holder you want it to stay niche and with a mysticism to it, as this is the only thing keeping any interest. If blockchain ends up everywhere you're fucked. Try selling someone a number on a spreadsheet based on the power of "MS excel" technology and you can get a glimpse of your future trying to get your friends to buy Bitcoin.
submitted by fred_star to Buttcoin [link] [comments]

Is my .05 bitcoin worthless because of Transaction fees?

I have collected about .05 bitcoin from bitcoinget over the past month. I was told that if I ever try to spend it the transaction fee will be extremely large. Is this true, why? I hope this is not true because it was stoking my interest in btc. Just like a bank, hidden fees attack me again .
submitted by Doblin to Bitcoin [link] [comments]

World Crypto Network - The Bitcoin Group #187 - Bitmain Evaluation - Bitcoin Worthless? - Bcash Split - Hydro Dam

World Crypto Network - The Bitcoin Group #187 - Bitmain Evaluation - Bitcoin Worthless? - Bcash Split - Hydro Dam submitted by Yanlii to cryptovideos [link] [comments]

A panic sell could leave onchain Bitcoin worthless

We haven't had a panic sell since the blockchain became backlogged. A lot of people here are not investors or traders IRL and may not understand what could happen if there's a flash crash or panic sell.
A panic sell of Bitcoin right now could be like a rush to the exits in a building with too few exits.
Bitcoin held onchain in cold or hot wallets will be stuck as the market dives.
But Bitcoin held off chain on exchanges will trade normally.
So there can be a significant divergence of price between liquid Bitcoin on exchange and illiquid Bitcoin onchain. This is indicative of a fungibility problem.
We can see from this example/ warning the danger of being unable to absorb peak onchain transactions without creating a long backlog.
submitted by tsontar to Bitcoin [link] [comments]

Macroeconomic Researchers Call Bitcoin ‘Worthless’

Macroeconomic Researchers Call Bitcoin ‘Worthless’ submitted by ravikaash to Cryptoalert [link] [comments]

Macroeconomic Researchers Call Bitcoin 'Worthless'

Macroeconomic Researchers Call Bitcoin 'Worthless' submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Bitcoin worthless

The following post by baygina is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/81azxl
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Can someone explain to me how Ethereum could render Bitcoin worthless?

submitted by bitcoinatmguy to Bitcoin [link] [comments]

What are the doomsday scenarios of Bitcoin? Are there events that could make Bitcoins worthless on day?

*one day
submitted by wakka54 to Bitcoin [link] [comments]

Unfamiliar with bitcoins, I wonder: would quantum computer make bitcoins worthless?

Unfamiliar with bitcoins, I wonder: would quantum computer make bitcoins worthless? submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How much would it cost to make Bitcoin worthless?

How much would it cost to make Bitcoin worthless? submitted by Liongrass to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Worthless but I still love it :)

The following post by RabbitMann101 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/76tj7j
The original post's content was as follows:
https://i.redd.it/7p3x4h2699sz.jpg
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

So Is My Bitcoin Worthless Now in MTGOX?

So I had 50 BTC. Its still in my mtgox account, but I can not withdraw. Will I ever recover these funds and be able to transfer to another wallet?
Opinions?
submitted by Rob768 to Bitcoin [link] [comments]

Bitcoin Completely WORTHLESS? Programmer explains. - YouTube Bitcoin is worthless artificial gold... Munger says! - YouTube Bitcoin is Worthless in Long term Says Veteran Stock ... Bitcoin ‘Worthless’ & Will Perform Worse Than Stocks In The Coming Months: Capital Economics  CNBC Charlie Munger: Bitcoin is Worthless Rat Poison

Can Bitcoin Ever Become Worthless? Though extremely unlikely (in the near term), it is technically possible for Bitcoin's price to crash to zero. By Daniel Phillips. 3 min read. Sep 16, 2020 Sep 16, 2020. Bitcoin. It's unlikely that Bitcoin's price could ever drop to zero – but possible (Image: Shutterstock) In brief . Despite reaching a peak of over $20,000, Bitcoin detractors argue that it ... Bitcoin is Worthless Rat Poison: Charlie Munger. August 1, 2019. Last Modified date - August 1, 2019. Vice-chairman of Berkshire Hathaway, Charlie Munger. Vice-chairman of Berkshire Hathaway, Charlie Munger in an interview given to Yahoo finance, compares bitcoin to artificial gold. He calls bitcoin trading stupid and immoral. Munger has a track record of criticizing bitcoin. He previously ... Bill Pugliano/Getty. Warren Buffett trashed bitcoin and other cryptocurrencies as worthless in a CNBC interview on Monday. "Cryptocurrencies basically have no value," he said. Bitcoin Exchange Scam – Bitcoins Are Now Worthless 262 Comments After considerable thought, I’ve decided to put the Bitcoin Exchange Scammer comment back up as I believe it’s in the public interest, especially so given recent events on Bitcoin Exchanges. Bitcoin is worthless. — John McAfee (@officialmcafee) April 4, 2020. In response various users criticized McAfee for past predictions he got wrong – including for various altcoins – while others tried to defend BTC has value. McAfee is well-known in the cryptocurrency space for a famous $1 million bitcoin price prediction. On social media, the eccentric entrepreneur initially claimed, in ...

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Bitcoin Completely WORTHLESS? Programmer explains. - YouTube

Watch live: https://ivanontech.com/live Charlie Munger gives his two cents about his thoughts on bitcoin not being a productive asset but rather a speculative one. Charlie Munger Book: Poor Charlie's Almanack: The Wit and Wisdom of ... Is Bitcoin (BTC) finally making its grand entrance? The collapse of the petro-dollar might be just what it needs. Oil prices are injured, and the petro dolla... Bitcoin may have rallied better than global stocks in 2020, but a veteran analyst still looks at the cryptocurrency as an asset without any value. James Roya... THERE IS NO intrinsic value in BTC. Find out why.

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