Fidelity Digital Assets™: ADDRESSING PERSISTING BITCOIN CRITICISMS

johnarb said:
Bitcoin about to break all time high and the long time critics are still bashing,
More...

So price >> than any kind of logical, factual argument. Got it!!!

Here, I can summarize in one point why one should invest in Bitcoin:

1. It still keeps going up, this is still the hot kid on the block. Even though there are technically, financially way more advanced cryptos, who are we to question the madness of people?

There....No any other kind of baloney needed.
 
maxinger said:
It is a known fact that the cryptocurrencies supply is INFINITELY,
and blockchain security is lousy.

And there are 2 schools of thought.
One said BTC could go to 100 000, 1 000 000 or beyond.
Another said BTC could go to 10 000, 1000, 100, 10, 1 or beyond.
More...

One could replace ‘cryptocurrencies’ with ‘fiat’ and the first part of that statement would still be true. The main difference is in one the monetary policy is set by immutable math the other by shifting political winds.

Security of encryption sha256

The second part of that statement is false however. To make it true one would replace ‘blockchain’ with ‘fiat.’

Supernotes
https://www.businessinsider.com/counterfeit-supernote-found-in-south-korea-2017-12


Keep those criticisms coming, new ones are helpful to evolve the dialogue, the repeated ones in the face of new information just reveal entrenched bias.
 
Last edited:
Wow how did I miss this thread???

I cannot believe the foolishness of some of the people on this page...

Some of who I have known for years, (ever since I joined ET) and they are still rambling on the same self righteous arguement, "Oh Bitcoin is a way for criminals to launder money and therefore has no intrinsic value" while Bitcoin right now is on it's way to a new all time high. But yet they still have to keep rambling their mouths because they are right and the millions of traders investing in Bitcoin are wrong. WOW.....

The only thing they are doing are just making themselves look like fools at this point, which is actually kind of comical.

As for the haters in the beggining who are now keeping their mouths shut, I have a little bit more respect for you at this point. But those of you who are still rambling on, you belong on a short bus...

Diamonds are the most worthless things on the planet, but because everyone thinks they have value, they have value.

Let that sink in for a minute...
 
Trader Curt said:
Wow how did I miss this thread???

I cannot believe the foolishness of some of the people on this page...

Some of who I have known for years, (ever since I joined ET) and they are still rambling on the same self righteous arguement, "Oh Bitcoin is a way for criminals to launder money and therefore has no intrinsic value" while Bitcoin right now is on it's way to a new all time high. But yet they still have to keep rambling their mouths because they are right and the millions of traders investing in Bitcoin are wrong. WOW.....

The only thing they are doing are just making themselves look like fools at this point, which is actually kind of comical.

As for the haters in the beggining who are now keeping their mouths shut, I have a little bit more respect for you at this point. But those of you who are still rambling on, you belong on a short bus...

Diamonds are the most worthless things on the planet, but because everyone thinks they have value, they have value.

Let that sink in for a minute...
More...

Fun fact; It rains diamonds on Jupiter and Saturn.
 

Attachments

  • C3122586-A016-43EE-8685-A1C3AAF97DC1.png
    C3122586-A016-43EE-8685-A1C3AAF97DC1.png
    276 KB · Views: 8
Yes, criticism is very important as long as it is healthy. And I agree how volatile bitcoin can be, but it is also valuable.
 
You must log in or register to reply here.
Back
Top