Bitcoin Obituaries

I’m afraid I am predicting it to go to zero value as it has no utility, it does not do anything and they intentionally are anti-scaling. As for Dr Wright’s thoughts, he is pretty clear on the question of ‘is bitcoin finished?’  He said: “BTC is, but it is a sham bitcoin. Eulogy made by Calvin..

Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last,” Finman told MarketWatch. “It may have a bull market or two left in it, but long-term, its dead. Eulogy made by Erik Finman Source

We’ve known bitcoin was dropping for a while, but the nails are really going in the coffin now. It costs $5,000 to make a bitcoin. But bitcoin is now only selling for $6,000. If this pattern keeps up, it’ll soon cost more to make bitcoin than bitcoins are actually worth, meaning nobody will bother making..

Bitcoin also fails to meet the criteria of a currency. Its the price movements are too volatile to be a unit of account. The transaction capacity of the Blockchain is too limited for it to be a medium of exchange. Nor does it appear to be a good store of value. Since it produces no..

Cryptocurrencies are inherently a dumb idea. But aside from being a con, they also waste enormous amounts of energy in service of a pointless goal. The sooner Bitcoin crashes the better off the entire world will be. Eulogy made by Kevin Drum Source

In my opinion, bitcoin is dead. It won’t go quietly, but the recent precipitous drop may be the beginning of its inevitable and inexorable death spiral. Or there could be a dead cat bounce. Either way, I see bitcoin as a dead man walking. Future generations may read about bitcoin in a finance textbook as..

Just one year has passed since bitcoin enthusiasts forecasted that the cryptocurrency would hit a price of $1 million. But that was then. With the price of bitcoin BTCUSD, +2.30%  having fallen almost 80% from its peak, and now trading well-below the support level of $6,000, everyone is wondering where it goes from here. The answer is, a swift and painful..

The world’s premier cryptocurrency has bounced back from selloffs before but this time may be different. Regulators are cracking down and investors’ fear of losing everything is overtaking their fear of missing out. The route is a setback for people who hoped digital cash would challenge Visa and Mastercard. It vindicates Warren Buffet and others..

Cryptocurrencies are nearing the end of the road, and it’s time to do away with the digital coins, UBS Gobal Wealth Management’s chief economist said. UBS Paul Donovan, who has never been a fan of cryptocurrency, wrote earlier this week: “I come to bury Bitcoin, not to praise it.” “These things were never going to be currencies…

Bitcoin is down below $4,000./ BTC from nearly $20,000/BTC a year ago. Bitcoin is all about speculation. Don’t be tricked, buying bitcoin is a fool’s game. Eulogy made by Steve Hanke Source

Bitcoin, while not officially a product of traditional Wall Street, is a pyramid scheme. A fraud. But it is best described as a “confidence game.” I’ve been calling it a “bitcon” for a long time. And now the pyramid seems to be collapsing because fewer and fewer people have confidence that the price of this inherently..

That belief is how cryptocurrencies move enormous amounts of money across the world electronically, without the involvement of banks, every single day. One day capital-B Bitcoin will be gone, but as long as there are people out there who want to be able to move money without banks, cryptocurrencies are likely to be valued. Eulogy..