Since Bitcoin launched, there’s always been folks saying it’ll go to zero. Every time there’s a dip, they pop up again, claiming it’s the end for Bitcoin. It’s kinda sad for those who actually believe that.
Bitcoin: Will It Ever Hit Zero?
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Yeah, there will always be critics. Some people just wanna get attention, like Peter Schiff. They keep talking trash about Bitcoin while knowing deep down it’s not going away.
Supply and demand are key, right? No matter how low it goes, someone’s always there to buy or sell. That’s what keeps this market alive. If whales spread FUD, they’re just trying to gather cheap coins.
Seriously, after more than ten years, the ‘Bitcoin is a scam’ narrative should be dead already. It’s like they can’t accept that Bitcoin has succeeded where they thought it would fail.
Some people will never trust Bitcoin. They think it’s a Ponzi scheme and just wait for it to crash. It’s been nearly 17 years, and their predictions haven’t materialized. They’re just gonna keep waiting for a failure that’s not coming.
RogueWhaleNewbie
Posts: 29 · Reputation: 15
#6Jan 13, 2018, 01:02 PM
Criticism is part of the game, man. Anything popular will get hate. Bitcoin has its critics, but new believers join all the time, sometimes because of that hate. I don’t feel bad for anyone who gets misled.
Those thinking Bitcoin will drop to zero are fooling themselves. With institutional money coming in and the BTC ETF being created, confidence is rising. It’s hard to imagine Bitcoin crashing now.
Don’t forget the ‘Bitcoin Hall of Shame.’ The issue isn’t the critics; it’s people who actually listen to them. They come out when the market dips to freak out sellers.
chris.novaMember
Posts: 81 · Reputation: 229
#9Jan 15, 2018, 10:38 PM
Peter Schiff is the first person I think of too. He won’t admit Bitcoin’s not dying because then he loses relevance. He knows better, but he thrives on spreading FUD.
By the way, Bitcoin has been declared dead 467 times. Yet here we are, still standing strong. Sure, we’ve dipped, but it’s still way above where it started.
lynx_5hardMember
Posts: 32 · Reputation: 149
#11Jan 17, 2018, 06:21 PM
This is just how it works. Critics need to keep the narrative alive to stay relevant. They’ll keep attacking Bitcoin until they can’t anymore.
quantumaltHero Member
Posts: 23 · Reputation: 2784
#12Jan 17, 2018, 06:53 PM
Bitcoin skeptics won’t ever go away, especially bankers. Bitcoin threatens their entire model. But for every skeptic, there’s a believer ready to invest and support it.
chain_2011Newbie
Posts: 32 · Reputation: 28
#13Jan 17, 2018, 07:57 PM
True, some people just create FUD for their own gain. Others are just critics. But even they can’t resist buying when prices drop. They’ll always be around.
d3g3n_bridgeMember
Posts: 6 · Reputation: 112
#14Jan 17, 2018, 10:45 PM
I get that in the early days, people were misled, but now? We have enough data. It’s easy to check facts with Bitcoin’s history of growth.
raven_2020Member
Posts: 88 · Reputation: 61
#15Jan 19, 2018, 04:52 AM
No need to pay attention to the naysayers. We have data from Bitcoin’s history to guide our decisions now. Their narrative is just noise at this point.
You notice the critics go silent during bull runs? They can’t say Bitcoin’s dying when it’s thriving. They’re just waiting for the next dip.
At this point, Bitcoin is 16 years old. Governments are finally recognizing it. It’s ridiculous to think it’ll drop to zero now.
kevinorbitMember
Posts: 9 · Reputation: 243
#18Jan 19, 2018, 08:25 AM
Those who think it’ll crash are just being stubborn. They can’t accept they were wrong about Bitcoin’s potential.
There’ll always be a divide. You can’t please everyone. Believe what you want and hold tight to your beliefs.
coldstorageNewbie
Posts: 65 · Reputation: 38
#20Jan 20, 2018, 02:05 AM
The network effects and decentralization keep Bitcoin safe. Even if exchanges wanted it to fail, they wouldn’t let that happen.