Blows my mind that there are still so many “it’s going to zero” Bitcoin haters out there for absolutely no reason
Next time someone says this to me I want to scream in their face.
Why is it going to zero? What is the basis for your claim? What will that look like? Describe to me the events that will set in motion to trigger nearly $2 trillion to flee bitcoin and move somewhere else.
Elaborate on the scenario in which the 9th most valuable asset by market cap on existence somehow goes from number 9 to zero. Go on! How long does that take? Do we all somehow wake up tomorrow and find it’s nuked to 0 overnight?
Do you know something I don’t know? Do you know something that some of the smartest minds on the planet somehow haven’t realized?
For sake of argument, let’s say it somehow does hit zero. How long does it stay there? Forever? It never goes above $0.00 ever again? What happens to the miners across the globe? How will they react? Will they just shrug their shoulders, turn off the miners, and walk away forever? What happens to the transactions currently awaiting the next block? What happens to the small businesses using as money right at this moment?
What happens if bitcoin is worth $0, and I decide to go out and buy as many as I can for $0.01?
Let me take a guess as to what lead you to believe that moronic idea; Your ego is hurt. You are jealous. You see thousands of people buying bitcoin, holding it for years, and seeing their net worth skyrocket, with seemingly no effort involved. Meanwhile , you stick to what you thought was good investment advice you for 20 , maybe 30 years ago, and avoid anything that’s perceived as marginally “risky”.
Maybe you even heard about bitcoin when it was only a few hundred dollars. “Not for me” , you thought, “too risky. Too complicated.”
You think you missed the proverbial boat. Hearing the word “bitcoin” reminds you of all the other times you ‘failed’ in life; all the other risks you didn’t take, all the other adventures you missed out on, all because you were too afraid. You have almost a gut reaction when you hear it come up. Minimize it. Deny it. Criticize it , without basis or any relevant knowledge. Don’t let others jump on the boat you missed out on. If you can’t get on it, why should they?
I think THAT scenario is 10,000x more likely than Bitcoin suddenly going to “zero”.
