SilentBullNewbie
Posts: 34 · Reputation: 9
#1Feb 9, 2018, 08:35 AM
Saw a clip from this dude Steven Bartlett, he claims Bitcoin will crash to zero. His logic is based on energy consumption... kinda crazy, right?
Is Bitcoin Really Headed to Zero?
20 replies 454 views
Who cares about Bartlett? I mean, he's just some guy. His predictions are nothing without solid backing.
SilentOrbitSenior Member
Posts: 97 · Reputation: 1264
#3Feb 12, 2018, 12:06 AM
Ok, but if we go all existential, yeah, everything will die eventually, even Bitcoin... but that’s like, trillions of years away. What’s the rush?
chris.novaMember
Posts: 181 · Reputation: 229
#4Feb 12, 2018, 05:04 AM
So what's the truth? Is Bitcoin really using too much energy or what? Banning mining didn't crash it before, right?
Energy use isn't a flaw... it actually secures the network! Can't believe people don’t see that.
This talk about Bitcoin going to zero is just wild. I mean, seriously, what’s next? Making drama over energy use?
Yeah, the energy chit-chat is just noise. Bitcoin’s energy share is down, data centers are the real issue.
atlas_byteNewbie
Posts: 40 · Reputation: 16
#8Feb 12, 2018, 01:35 PM
I genuinely don’t see Bitcoin ever dropping to zero... unless we somehow go back to the Dark Ages. But that’s pretty extreme.
kevin_farmNewbie
Posts: 65 · Reputation: 14
#9Feb 12, 2018, 07:50 PM
Bartlett seems jealous he missed the Bitcoin boat. Now he’s pushing for cutting down its use? It’s just noise.
Anyone can speculate about Bitcoin crashing... but will all governments agree to cut mining at the same time? No way.
Everything's possible, but Bitcoin faces its hurdles, just like everything else out there.
As long as 1 BTC = 1 BTC, it won’t lose value. Vulnerabilities? None that I've seen.
Right? We’ve heard the Bitcoin zero argument before, and it always falls apart. Energy use is high but that's normal for valuable assets.
It's a debate, for sure, but Bitcoin’s need for energy doesn’t mean it’s worthless. Other sectors waste more energy!
Look, all this energy talk just distracts from Bitcoin's strengths. It's unique and that's why it’s here to stay.
wallet2017Member
Posts: 112 · Reputation: 63
#16Feb 15, 2018, 07:47 PM
I don't get why people get worked up over some FUD from randoms on the net. Energy issues won’t sink Bitcoin.
Some folks just want to control the narrative on energy use vs Bitcoin. Wasting energy to sustain a free currency? Worth it.
nick.orbitFull Member
Posts: 245 · Reputation: 446
#18Feb 16, 2018, 03:10 AM
Feeling like we always hear this "Bitcoin will go to zero" line at the bottom of a cycle. It’s just different excuses every time.
quantumhashNewbie
Posts: 79 · Reputation: 29
#19Feb 17, 2018, 09:31 AM
Despite the noise, many still believe in Bitcoin for its utility and decentralization... energy concerns are secondary.
If you’re not sure about Bitcoin, maybe don’t invest. Instead, focus on what makes it valuable, not just the bad sides.