A Cashless Society – Utopia or Dystopia? Bitcoin News

Why BitCoin will fail – it has no value – don’t be the last one caught with BitFud in your wallet, sell your bitcoin now and invest in a crypto that has real value.

UPDATE 1 - Bitcoin Deleted this article within 10 minutes of being posted, I though bitcoin stood for fighting against censorship? I guess Bitcoin oligarchs think otherwise.

The single greatest reason why the US fiat Dollar is the greatest currency on the planet, is because it is backed by guns. It is backed by lots of gun. The US Dollar is backed by the strongest military in the world, most effective battle hardened Army, largest most powerful navy that opens the world’s water ways for free trade to benefit all the world, and has the strongest Air Force. Like it or not it’s true. You might think that the computing power of Bitcoin as a support for value but it is not. They are known as miners, miners only maintain bitcoin blockchain and that is it. Once the price of bitcoin falls AGAIN miners will shut down and reallocate their capital towards crypto with real value.

Because bitcoin has no value, it makes Bitcoin’s perceived price based off of speculation. Basically, what the next guy is willing to pay for it. If that next guy doesn’t want to buy because they realize that it has zero value, then the price drops. We all understand that it meets the college text book definitions of money, but like all college freshman who worships Che Guevara and Fidel Castro and the Bolivarian socialist utopia, you soon grow up and realize that it is all Fud. The concept of bitcoin reads well and in a text book and could operate as a functioning currency in a utopian society, but once you begin to understand that the only thing propping up the value is the next fool that is willing to pay for it, then the bottom begins to falls out. People will point to other things like gold and say that it is driven by perceived value. While this is true, however, with gold people can actually hold it in their hands and wear it as jewelry ect... Because bitcoin is only driven by speculation and had no value you better sell bitcoin now, because once intelligent money moves away from bitcoin only fools will be left holding Fud.

Smart money will move towards crypto projects that have real value. For example, Enigma, the value of Enigma is basically the value of information. Like Facebook, Google, and all the other tech companies their business model is based off of having information and selling it. Enigma will be the medium of exchange for information and the network will house and process data. If you are looking to invest in the next project like Google who will revolutionize the world, then invest in Enigma now before the price passes bitcoin.

This post is marked Spoiler because some of y'all will now realize that your Bitcoin is valueless.

*I am not your financial advisor and write this as my personal opinion. In full disclosure I recently bought Enigma because this project is a winner and to show how serious I am about investing in this project I actually barrowed money on a credit card through Binance to purchase Enigma. Some might say I am a degenerate speculating on this project and I will rebuttal with that I have meticulously studied the crypto market and this project far exceeds all others and will change the world in the next couple of years.

At the time of writing this article the price of Enigma is $.43, so If you like this article, feel free to throw some crypto this way, my ERC-20 wallet address is: 0x0b8396CbD9199D47216A703EB861af632fC9ad46
submitted by rho300 to u/rho300 [link] [comments]

03-19 00:03 - 'Why BitCoin will fail – it has no value – don’t be the last one caught with BitFud in your wallet, sell your bitcoin now and invest in a crypto that has real value.' (self.Bitcoin) by /u/rho300 removed from /r/Bitcoin within 12-22min

'''
The single greatest reason why the US fiat Dollar is the greatest currency on the planet, is because it is backed by guns. It is backed by lots of gun. The US Dollar is backed by the strongest military in the world, most effective battle hardened Army, largest most powerful navy that opens the world’s water ways for free trade to benefit all the world, and has the strongest Air Force. Like it or not it’s true. You might think that the computing power of Bitcoin as a support for value but it is not. They are known as miners, miners only maintain bitcoin blockchain and that is it. Once the price of bitcoin falls AGAIN miners will shut down and reallocate their capital towards crypto with real value.

Because bitcoin has no value, it makes Bitcoin’s perceived price based off of speculation. Basically, what the next guy is willing to pay for it. If that next guy doesn’t want to buy because they realize that it has zero value, then the price drops. We all understand that it meets the college text book definitions of money, but like all college freshman who worships Che Guevara and Fidel Castro and the Bolivarian socialist utopia, you soon grow up and realize that it is all Fud. The concept of bitcoin reads well and in a text book and could operate as a functioning currency in a utopian society, but once you begin to understand that the only thing propping up the value is the next fool that is willing to pay for it, then the bottom begins to falls out. People will point to other things like gold and say that it is driven by perceived value. While this is true, however, with gold people can actually hold it in their hands and wear it as jewelry ect... Because bitcoin is only driven by speculation and had no value you better sell bitcoin now, because once intelligent money moves away from bitcoin only fools will be left holding Fud.
Smart money will move towards crypto projects that have real value. For example, Enigma, the value of Enigma is basically the value of information. Like Facebook, Google, and all the other tech companies their business model is based off of having information and selling it. Enigma will be the medium of exchange for information and the network will house and process data. If you are looking to invest in the next project like Google who will revolutionize the world, then invest in Enigma now before the price passes bitcoin.

*I am not your financial advisor and write this as my personal opinion. In full disclosure I recently bought Enigma because this project is a winner and to show how serious I am about investing in this project I actually barrowed money on a credit card through Binance to purchase Enigma. Some might say I am a degenerate speculating on this project and I will rebuttal with that I have meticulously studied the crypto market and this project far exceeds all others and will change the world in the next couple of years.

At the time of writing this article the price of Enigma is $.43, so If you like this article, feel free to throw some crypto this way, my ERC-20 wallet address is: 0x0b8396CbD9199D47216A703EB861af632fC9ad46
'''
Why BitCoin will fail – it has no value – don’t be the last one caught with BitFud in your wallet, sell your bitcoin now and invest in a crypto that has real value.
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Author: rho300
submitted by removalbot to removalbot [link] [comments]

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