Why Bitcoin Will Fail

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Информация о Why Bitcoin Will Fail

Название	:	Why Bitcoin Will Fail
Продолжительность	:	9.00
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Просмотров	:	14 rb

Oh really? Do u regret now on what u said? Open your eyes " expert"
Comment from : Israel

Bitcoin is consistent Admit you were incorrect
Comment from : Happee Boy

Wrong info, stepping on the gas would be quantitative easing, stopping is raising interest rates, not liquidity two different things
Comment from : Chris Sadyg

Why bitcoin should fail is greedy human interaction of those who can edit it
Comment from : PassFissn

The only thing that will eventually fail is FIAT currency , endlessly printed , backed by nothing brbrBitcoin terrifies Big Banks, because it threatens their centuries-long monopoly over the world Because Bitcoin makes it possible for ANYONE, who has some brain and knows how to use the technology, to become rich and be part of the money elite That is what terrifies them, because they DON'T want that The Big Banks rather want us all to remain poor and in debt for the rest of our lives while they SUCK away everyone's money like BLOOD LEECHES There is a war between them and us brbrWe want to become well off and truly independent They want to prevent us from becoming well off and independent , the elite want to stay in power so they can do their EVIL deeds , depopulation , vaccines , land control , all the EVIL stuff IT'S TIME FOR THE MIGHTY BITCOIN TO CHANGE THE WORLD FOR THE BETTER brbrBITCOIN IS DIGITAL GOLD
Comment from : Peter Meissnitzer

And how less in the future will bitcoin will be than the hole world is gona change like in 2 sides the poor people and the rich people because you can not create bitcoin anymore so it makes that bitcoin will not be world currency so it means than also that bitcoin has not value
Comment from : Ops 777

Nice video
Comment from : Ops 777

Now market move a lot's because of the whale and those that dont care about the techbut went everyone will adopt it,PAPER money will die
Comment from : Serge Sam

Guys this doesn’t mean coins like Ethereum, Neo will fail This is just bitcoin, great coins with a great block chain like ethereum will still stay standing, Vitalik will always be continuing to add great technology that supports ether block chain He will fix issues that create a dark future for ether
Comment from : npmau5

bitcoin is going to fail, but the blockchain technology is ground breaking you try to buy a sandwich for10$ with bitcoin your gonna end up paying more than the sandwich in fees it has the highest market volume and its essentially the gold of all coins but a few of these crypto currencies will be here to stay and the people that put money into those now are gonna be the big winners
Comment from : mitch marner

You seem to be assuming that Bitcoin will be the only currency that people will use Your assumption is flawed Think about it Do you get it yet?
Comment from : marker

you got my attention ;)
Comment from : mister obvs

Get to the point
Comment from : Shichi Menchou

So why hasn't gold failed?
Comment from : TheFlyingScotzman

I almost saw eye to eye with everything in this video, until you suggested that the IMPACT of bitcoin’s design flaw should be people moving OUT of bitcoin to back to traditional currencies in times of economic recession I’m confused on how this would be the outcome What I foresee is actually a bit more frightening: wealthy hoarders using the QE from dollars and Euroes to buy up MORE bitcoins for protection against dollar reflation, which will result in quite the opposite of a bitcoin plungea bitcoin melt-up This will unfortunately deepen future times of crises and the fail point of bitcoin in my opinion will come from Govt actions to restrict the use of bitcoin as an emergency decree to save the circulation of money As long as US dollar has gone off the gold standard, recessions to date have resulted in no significant drops in intrinsic precious metals, which like bitcoin, also by design refrain from allowing QE to intervene The reason Gold and Hard assets don’t ALWAYS spike in recessions is that they are not liquid and this impedes easy use of everyday trade, making cash the preferred item to hoard in scary times However, bitcoins are designed for liquid exchange (fractions of coins are fully exchangeable) and this gives bitcoin potential to climb during recessions, which can be a concern for central bank efforts to curb recessions of the future, not so much a concern for bitcoin UNLESS Govts act against crypto currency through regulatory powers
Comment from : ESponge2000

the reason we were in recessions was bc govts hyperinflated money by printing fake money, hence when they purchase goods at set price with that fake money, they increase price of goods By the time that money trickles down to the lower class, prices have already risen, so they are stealing from the poor also, banks have control of money that is not theirs, and human kind tends to become corrupt in control of others Banks became insolvent in depression Bitcoin is a deflationary system and people control their own moneybrps Also, the govt took money off the gold(metal that is precious because there is a finite amount of it) standard Krypto is the precious metal value-based system in next generation coding language
Comment from : Julius De-La Rose

Bitcoin and like "currencies" may have some uses, but I don't foresee it replacing plain old tangible money The country is filled with millions upon millions of people who don't speak English, are illiterate or uneducated, illegal, don't have access to the tech needed to trade Bitcoin, are involved with transactions with foreign countries who don't use or want Bitcoin, or want an immediate, untraceable means of storing and transferring value Bitcoin's rise in "value" is specious or spuriousbased on the preconception that it "might work" not that it "will work" or "is working"
Comment from : James Gossweiler

It is $20,000 right now I also think eventually will fail but right now it is not failing I wish I would have spent $2,000 10 years ago but didn't have the balls :(
Comment from : Sun Flare

You are wrong about how government interference in the market is a good thing You see, when the government intervenes in the market to pump up the supply of dollars, this is a BAD thing because they are artificially inflating the value of the currency against the value of the other commodities Trade volume should be limited ONLY by the market pricing mechanism, not by government interferencebrAlso, with Bitcoin and other cryptocurrencies, the incentive of the government to intervene in the market will be limited because the effect will be diffused
Comment from : LaserGuidedLoogie

According to some videos 87 percent of the Solidity behind the 37 billion market cap are 9 mining companies ( and the value of their servers )
Comment from : Christopher Christian VanLang

1 bitcoin today is worth 12k
Comment from : Suma

silly stupid, yes it will store of value just matter of time dude
Comment from : Sona Chann

As is often the case in these critiques, a totally US centrist view of the utility of BitCoin as a world wide currency and store of value Look at who is fleeing to bitcoin right now, Argentina, Zimbabwe, and other countries with currency collapse It's not just the US speculation market that is driving up the price, it's internationals trying to avoid the local economic chaos caused by government control and devaluation That is what pumping more money in your artery analogy in fact does Pumping in more blood or widening the artery is not what happens when you print fiat currency, blood thinning is what happens as peoples savings are basically taxed away in the form of inflationary pressure, and the value of outstanding dept is reduced on the books, without more money actually entering lower income circulation through any mechanism other than added dept brbrBottom line, if the US economy takes a nose dive, it's not going to be BTC value and use cases that take the hit, it's going to be the good old USD
Comment from : Shaun Clarkson

Although I have no formal economical education I always thought about the crisis scenario The thing that keeps me positive regarding Bitcoin is the tax evasion aspect though I think this is a possibility for some people (wealthy) to detach massively from regulations and inflation On the long run if these people start using Bitcoin for their transactions the current economical system, based on taxation, government stimuli and control, will fail Some will be able to facilitate their operations while some will have to pay taxes etc of course if there's a recession we (poor)are all screwed, but if Bitcoin stays psychologically around enough it can serve perfectly as a currency for the wealthy Hence it's price will always stay quite high Obviously don't know how high
Comment from : Mark Webber

gov't hasn't controlled currency in about a century
Comment from : Om - Nï

I wouldn’t be this happy if it wasn’t for ( bitly/2xKVRsJbr ) who has literally changed my life by keeping me away from all the financial issues that used to haunt me a lot It not only solved my financial issues but also the time commitment thing by working on its own without me being the part of it?
Comment from : Gertrude Hardy

There is no need for money to accomodate anything, prices can and do as long as governments and central banks don't mess with them Your analogy with blood vessels is fallacious; It suggests that there is an optimal trade volume (which is not justified) This is directly a result of Keynes's concept of "idle resources" which disregards the need for capital accumulation and redeployment thereof (ie rearrangement of the capital structure after a crisis)brbrFor Keynes as for Friedman (and for the entire economic establishment) capital is a homogeneous good, in fact they have no capital theory at all For them an iron mine, that requires an enourmous upfront investment and takes years to develop, and a one office internet start-up are the same, just a number in an equation
Comment from : rustyrusky

it's going to price it self out will go as high as 47k before the authorities step in and shut it down because it is not regulated
Comment from : SATORI ONE

I love how people think Bitcoin will be used to buy things lol If you found gold would you use it to buy a pizza, or a car, or even a house? I wouldn't because I'd view it as a security store of value If I save the gold I can buy 3 houses down the road People do this every day, and there are no tin foil hats to be had There will be other cypto currencies with different designs that deal with every branch of current financial institutions Bitcoin is not the only crypto currency, and spoiler alert it actually has the least to offer when it comes down to function It does do what it was designed to do very well We aren't reinventing the wheel here Gold is a store of value now, and we designed fiat currencies (poorly) to serve the needs of financial institutions around the world Will Bitcoin fail? Maybe Will crypto currencies fail? Nope
Comment from : chinchilla_irl

The only thing he is not taking into account is the fact that Cryptocurrencies are traded throughout the world, and for the most part they can not be shut down (exchanges can) Most of those countries do not help their people ever, so certainly during extreme economic times, its all about CASH, GOLD, and NOW CRYPTO Just my thought
Comment from : Brian G

2140 that’s the year people can stop mining bitcoin! That’s when it’ll start going down
Comment from : little bill

Yahweh created Gold for wealth and silver for money Bless you
Comment from : Letthere belight

US Regulated Futures trading on Bitcoin begins in weeks, so clearly, this is not the end of the story for Bitcoin, but just the beginning Hammer, Nail, Coffin
Comment from : Danny The food guru

I sub'd u please return the favorbrbrIn the recession they have tons of other cheaper cryptos to turn to bitcoin was and is not designed to be spent but preserved like we don't put Gold in the us currency we don't even put silver in our us currency anymore That's what Bitcoin is going to become to modernized cryptocurrency o wait it already has Good video chum
Comment from : Kenneth Corley

lets call a spade a spade, Bitcoin and all other crypto currencies are a bubble if you go into the scheme early good for you, it was a way to financially benefit yourself and i applaud your success those that get into it late wellit wont end well because its simply just a " who's the greater fool theory" the blockchain is the real success story the bitcoin is just the bi-product that came with it i do think all crypto currencies will go to 0, the question is who will be the greater fool that holds them all in the end? the real reason cryto will end is because of the (>community<) that actively trades it like it was a tulip in the 1600s secondly, in 2015 it was estimated that only 32 billion people will be connected online lets put that at 45 of the world population basically those that are born poor stay poor so to say this is a currency that everyone has the ability to get in on is a lie thirdly, here in my country ( canada) we enjoy government services have cancer? or know someone that does? well the taxation of a currency allows myself as a citizen to access specific services needed when i need it like un-employment insurance an overwhelming majority of the the cryto currency community is against taxation of it which is ultimately, a collapse in society plus among other things like those that had in on it at the start to mine it, horde it, use bots to purchase and sell it, manipulate the value of it in the marketetc plus those that state "oooo theres only a finite resource and it wont be printed like governments do with fiat" well how many cryptos are in existence today? now you have bitcoin cash, bitcoin gold look its a bubble people buy bitcoin to make money this is not a medium of exchange its a bubble sell your shit and get out
Comment from : eric martin

almost 7000$
Comment from : rafaero

So by your logic gold-backed currency would also "fail", right? Keep in mind that the USD-Gold link has only been broken by Nixon So the Fiat, expanadalbe currency is a rather new experiment
Comment from : Noname Noname

Funny thing is we are at this stage right now Everyone hords bictoins, hardy anyone uses it to transact
Comment from : Noname Noname

Can you pay taxes with cryptocurrencies this is the reason it will fail
Comment from : Colorado Drifter

In one sentence: Due to the deflationary properties of Bitcoin, velocity in the longterm is restricted and too low to serve the real economy
Comment from : Xez1919