Ever since Bitcoin came on the scene, there’s been a group of folks convinced that its price is gonna hit zero. Every time Bitcoin takes a dive, especially during bear markets, you hear these same people popping up again to claim it’s all over for Bitcoin.
Seriously, how long are they gonna keep fooling others about Bitcoin's price? It’s kinda sad to see people getting misled into thinking that Bitcoin will actually drop to zero.
Juts know that there will always be some people that know that bitcoin price will go up but they just want to remain to be critics. Also some people are only being critics just to let more people know them, especially Peter Schiff is an example of the people that I think are doing something like this. They can remain to be bitcoin critics but they will be disappointed as usual.
Unfortunately laws of supply and demand won't allow this to happen because for every price Bitcoin posts, someone is ready to buy or sell which makes this tag of war a battle that keeps Bitcoin markets alive.. otherwise if this is something you read or hear from whale's, but worry of their manipulative tactics in trying to catch some cheap coins using FUD, goodluck.
More than a decade now since the inception of Bitcoin, they should by now stop selling that news again to deceive people about bitcoin being a scam and sell something more imaginary than bitcoin going to zero. It is very obvious that they keep selling this news because they have become shameless and cannot accept defeat that Bitcoin has already won over them, their critics is no more appealing to the public again but are ashamed of even not saying anything about Bitcoin again. Most of them do that for popularity sake and as long as we pay heed to them and always on the lookout for their new post about bitcoin, theyll continue to get that popularity which they want.
Don't be surprised that there're also still those whose scepticism about bitcoin hasn't still left them to trust bitcoin in the long run as a potential asset, instead, they keep believing bitcoin is a Ponzi and therefore effortlessly waiting for the day bitcoin will crash.
Bitcoin is approaching 17 year's of existence now and their expectations hadn't still come to pass. They're probably going to perish while waiting on that day bitcoin will fail to exist because no formality had really proven it crash of bitcoin.
Even the quantum computing threats still stands as speculations since there hadn't been no such scale quality of software to enforce the strict measure.
Inflation will always be a remark to why bitcoin adoption will always increase and giving bitcoin values rhe edge to remain potential asset in the future while those literally spreading the rumors can't change the facts.
We see countless of related people who who criticises bitcoin and regrets their deeds later on.
Criticism is normal and there's nothing that is free from being criticized by people who hate. People get criticized by those who hate them, things, products, assets and many other things gets criticized. Since there are people who doesn't like Bitcoin, expect them to say irrelevant things about Bitcoin, you should not complain because you can't stop it, even with their criticism about Bitcoin, new Bitcoiners come aboard all the time and some of them even know about Bitcoin from those hate speech. I don't feel pity for anybody, the only person that can be deceived is someone without brains, if someone gets deceived not to invest on Bitcoin, they chosen to because they don't like it.
I will say they are deceiving themselves because ever since institutional and macro holders come in the Bitcoin market, which also led to the creation of the BTC ETF. I believe a lot of people's confidence in investing in BTC for the long term is boosted, not to mention the positive impact the US president's stance towards BTC has created.
Anyone who still has the impression that Bitcoin is going to zero is a technically naive type because it doesn't make any sense for BTC to go to zero now after institutional adoption.
Dont worry, I will help with their names.. Bitcoin Hall of Shame
Actually, the problem isnt them, but the people actually taking their words seriously. Until people stop giving a s about them, they probably will reduce a bit, except for the fact that they will always come out in the bear market to shake off PANIC sellers or confuse them into diverting their investment...
I actually Peter Schiff was the first name on my head too immediately I see threads like this, you dont Expect Someone like Peter Schiff to actually accept the facts of bitcoin not dying off during every drop because once he does he becomes irrelevant on this space and even social media totally. You can never tell me that people like Peter Schiff do not know that this bitcoin can not get to zero at this time, I am more than perfectly convinced that for them been learned they are aware but since they had been the part which spreads FUD around bitcoin they would rather will remain with those class than come over to the right side because they know they would no longer be valuable again, but the at the other side they have fellow naive critics who value them thats why there is reluctancy for change
If we do tend to go back with this one.
Bitcoin has been declared dead 467 times.
Source: https://bitcoindeaths.com/
excluding into those personal opinions. For sure this do particularly talks about those mentions with those experts/known personalities or whatever the sources came from about talking about Bitcoin is dead.,
but look at on where we are now? We might dipped down -50% from ATH but doesnt mean the price isnt something that too high basing up on where it is starting from zero.
Tons of people doubted in the past but now they are having those regrets on why not buying earlier.
For those who had been accumulating along the way then they are the ones who do able to maximize out that profits but thats if they were able to hold up until now and never sell but of course there are
those who do sell of on peak prices on which it is that still ideal.
This is a continuous process and the day he stopped being a critics of bitcoin, he wont be valued again. I am sure even those that dont know about him, by seeing this our discussion about him will want to search about him more, hence hes gaining the relevancy and popularity he needs through being a critics of Bitcoin. In the influencer world, every influence whether positive or negative is a good one to influencers, so I dont think hes even bothered about trying to say any truth about bitcoin and stop being a critic, that will make him irrelevant forever.
I wont be surprised if these critics are even big holders of bitcoin and are out there misleading the public who even for once had intention to invest in bitcoin and because of their words, they didnt and also become another minor critic in the bitcoin space. Bitcoin has grown enough to prove to everyone what it entails and how transparent, trustworthy and relevant it can be, it is not left for anyone to decide what they think about bitcoin and not be blinded by the words of others and their views about it.
Those who have taken risks and invested in Bitcoin are the only ones who are fit enough to reach the top of success, but those who have shouted that the price of Bitcoin will fall to zero are deprived of investment but the price of Bitcoin has indeed risen but they have remained without buying.
So there is enough time to invest in Bitcoin at the present time, so it is definitely good to invest in Bitcoin and you can buy and hold Bitcoin to eliminate financial shortages in the future.
You'll never eliminate the Bitcoin skeptics. These people will always be there, whether Bitcoin is on a high or even a low. This is especially true for bankers and economists, most of whom will remain skeptical because Bitcoin doesn't make sense to them and threatens the financial model they propose.
But even so, while there are those who believe Bitcoin will go to zero, there are also those who believe it will reach $1 million or more someday. Those who remain confident in Bitcoin and continue to invest their money in it will continue to ensure its sustainability and growth.
Just like there are still people skeptical about crypto, there will always be those who say something negative about btc. Some create FUD for their own gain, while others are simply critics. Some of those who speak negatively are even the first to get excited when the price drops because they see it as an opportunity. Critics and FUDers will always exist, even if btc reaches $200k or higher.
as do most of us, I can understand in the past or early years where people in general could be misled
but in these times where we have a history of the markets and overall trend where the market/value of
Bitcoin over time has only been rising its very easy to fact check anyones comment .
It also comes down to education, if you are ignorant of Bitcoin and the backing and acceptance it enjoys
today it will be easy to be influenced. If that is the case there is no help for it.
I also think that the "going to zero" narrative is not as influencial as it once was.
That means there's no need to follow them so loudly because now since Bitcoin's launch until now, we have historical data that allows us to make much more rational decisions. The group of people who say Bitcoin will return to zero will never disappear because they generally have a vested interest in the narrative, so every time Bitcoin experiences a bear market, they come out to preach about Bitcoin everywhere. Many people have clearly seen Bitcoin's trajectory in the market, so the narrative of Bitcoin returning to zero is not something worth debating. Those who say it has no basis in fact and historically, we can see how the price continues to rise, despite sharp declines after bull markets.
That has been the case, did you notice that during the bull run, those perma-bears are all living under the rock because they can't attack Bitcoin. And even if they want to, investors are not going to listen to this FUD or negative things that they will have to say, i.e. Bitcoin is going to die. But so far, all of them failed with this kind of narratives.
Most of the time, even if you have a great technology that really change the lives of people, whether health or financially, there will be always who will be on the opposite direction. That is life itself, so with that, I don't think that this people will simply go away, in fact, they can also grow in numbers. But the thing with Bitcoin investors is that we already grow thick skin and so we are already immune to his kind of attacks. And we all know that Bitcoin will not go to zero at this point, it's too big too fall.
As of now, Bitcoin is 16 years old and if I remember correctly, governments and organizations have only recently recognized and invested in it in the past few years. This means that even in periods without institutional capital support or recognition, Bitcoin can still survive and thrive. So it would be ridiculous for anyone to still think that bitcoin will drop to 0 these days.
To this day, those who still hold this view are not ignorant, but are deceiving themselves and being stubborn. Their egos are too big, they do not want to admit they were wrong to overlook something that could have completely changed their lives.
It's never going to go away. There would always be people on the other side of the discussion. You can't please everyone, and you shouldn't even please anyone. It's up to you to believe in what you want and what you believe in.
I don't think it will ever happen that
There would be network effects being affected by the miners, the decentralization would prevent it (Even if it's within the majority of exchanges, but they wouldn't want it to be zero in value)
If countries that adopted BTC legally didn't let it go down. With institutions that HODL BTC as well. I don't think they would let it happen; they probably would buy more. It's just impossible now.
There is no need to pay attention to those who think negatively about Bitcoin because their target is much bigger than people who continue to maintain Bitcoin as an asset with a rich history from its creation to the present and into the future.
They are just wearing a mask when they say that Bitcoin will fall to zero, just like people saying that the price will fall to zero if Satoshi Nakamoto is revealed to the public.
It won't go to zero as long as there is demand and supply.
Bitcoin = 0, but 1 Bitcoin = 1 BTC
The best course of action is to explain to those closest to youthose who trust and support each otherthat Bitcoin is an asset worth holding.