Bitcoin Obituaries

This is why almost none of us should own Bitcoins.  Bitcoin value has multiple weaknesses.  Someone could hack the blockchain, create more Bitcoins and manipulate the value or sell the illegitimate Bitcoins and abscond with the buyers’ dollars.  Or groups of users can place large buys and sells of Bitcoins, manipulating their value, because there are no..

Ladies and Gentlemen, i present the obvious Death of Bitcoin. After the next smooth journey to moon, or the next journey to let’s say $5,000, $7,000 $10,000 (?) the bitcoin will die a sudden death (and with it many more). This will be the point where greed will win over reason, being the moment all the world will see..

How can you buy a house, how can buy a car, how can you buy Starbucks with bitcoin when price is going to fluctuate as dramatically as it has. This looks to me like… very much.. you can take the chart of bitcoin and apply it against the tulip bulb mania of the 15th century..

Some have likened the cryptocurrency market to the Internet sector in 1999. While there was little doubt then, and clear evidence since, that those companies would take over the planet, the two Nasdaq indices fell an average of 90% in the 30 months ending 2002. This time, the bitcoin mania, which has dwarfed even the..

…this ultimately proves that the digital coins have no future. Bitcoin will fail. This currency will not survive because it has long ceased to serve its original purpose.Rather, it has become a place of completely unleashed speculation, in which criminals and deceivers feel comfortable. Eulogy made by: Frank Stocker Source

All these imaginary “digital currencies” are just made up fake things…. What is Bitcoin? Nobody knows. I do not mean that nobody can offer a string of plausible-sounding words that seem at a glance as if they are describing a real thing, and apply those words to Bitcoin or even to “Ethereum” or any other..

While cryptocurrencies can claim a free-market origin, and their creators might think for that reason they are superior to state money, they fail the regression test and so cannot claim to be catallactic… For now, the development of this bubble is in the hands of a speculating public, who periodically see manias as a failsafe..

Bitcoin is worthless…Bitcoin can never be a currency under its current model… Bitcoin is not special, nor does it serve any purpose should have us demand its very existence…. Bitcoin has no utility other than to provide the exhilaration of a higher price. As with all fundamentally worthless assets, someone will be left holding the bag…

If you have not sold your BCH you will not be affected as BCH will become the new BTC. For the rest there are winners and losers. BTC will have no value. The war is ended, but not in any way we wished or planned. We must all now be magnanimous and humble as we pick up the..

Views on cryptocurrencies – a digital currency operating independently of a national central bank – vary considerably. For some, they offer the promise of cheaper, faster and more secure transactions; for others, they are an opportunity for organised crime and terrorist financing. Yet, thus far, the reality has lagged the hype by some distance. For..

Howard Marks, billionaire investor and founder of Oaktree Capital Management is adamant about his stance on cryptocurrencies like bitcoin, Ether and others: “They’re not real.” “Some people are eager to speculate on digital currency for profit,” he writes. “Others want to put a little money into these to-date-profitable phenomena rather than run the risk of..

“People are comparing bitcoin to tulip bulbs. I think those comparisons are apt,” he said. “But at least with tulips, you had something tangible — a plant.” Wolf Richter of the Wolf Street blog isn’t going anywhere near it, either. “There are no fundamentals to consider because there are no fundamentals with bitcoin,” he explained. “You’re participating..