I thought we’d finally get rid of bitcoin. But the fake “currency,” which I like to call bitcon, just won’t fade away.
Bitcoin’s price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.
I use the term “worth” cautiously because bitcoin is really worth nothing since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something.
>I use the term “worth” cautiously because bitcoin is really worth nothing since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something. >describing gold
John Morris
I missed the last line:
>Anyway, bitcoin is headed for a value of zilch. It’s only a matter of when.
Well to be fair gold actually does have value if you consider the fact it is used in electronics and such.
But to also be fair, going by his argument, the United States dollar also has no value because it isn't backed by anything.
Gee it's almost like a currency's value is determined by how much people believe in it (exactly how he's describing Bitcoin's valuations)
What a fucking idiot. Oh wait this is the New York Post. Why even waste your time reading this?
Nathan Thomas
Nigger go the fuck back to teddit. Jesus fucking christ.
James Lewis
notice how sites like the NY post, huffington, salon, etc removed the comments box? there are studies that found people are more influenced by the comments rather than the actual article, and so the site isnt in control of the one-sided narrative
Adam Gomez
ahhahahhhahaha holy fuck the levels of nocoiner cope FUD are fucking unreal
>The problem with bitcoin is that it has nothing backing it up — you can’t turn it into jewelry like gold or put it on someone’s finger like a diamond. And it doesn’t have the backing of any country.
That desperate lashing out at a strawman. You can’t put your Netflix subscription or trust in the stock market on your finger either, you fucking kike.
Kayden Bell
It's been more apparent now then it ever has been.
The media says btc is dying, that means it's time to buy.
Ayden Parker
>p-pls goy don't buy the dip
Dominic Price
go back to faggit OP
Gavin Johnson
This goy gets it. But you forget to mention that bitcon is constantly targeted by nefarious 'hackers', you cannot store it safely in a bank making it vulnerable to theft, and in fact most major banks have shunned the bitcons and banned transactions completely.
Even if you wanted to 'spend' your bit cons you will find nowhere will actually accept them as payment aside from a handful of deep web cyber criminals peddling illicit drugs and child pornography to sex fiends.
After suffering the devastating crash bit con will likely soon end as a tulip bubble at zero dollars, end of discussion.
Adrian Cooper
Is this peak boomer?
Xavier Russell
this is why sites like The Times heavily filter their comments and even have their own cherry picked NYT selected top comments.
Ayden Jackson
if you like to call it bitcon why did you refer to it as bitcoin every other time?
