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/biz/ - Business & Finance

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52816170 No.52816170 [Reply] [Original]

Why do you think Bitcoin failed?

>> No.52816189

it didn't

>> No.52816203

it was made by a japanese guy in a cave

>> No.52816205

Human greed; way too many people buying BTCs with no intention of ever using them, simply hoard them in the hope to sell it higher later. Fiat doesnt have this problem, nobody withdraws $1000 at the bank and hides them hoping to get rich in a few years

>> No.52816293
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52816293

Same reason all ponzis fail: At some point you run out of greater fools.

>> No.52816335

>>52816170
It's useless

>> No.52816336
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52816336

Futures ETFs + Bankman

>> No.52816347

What the media would call "special interest groups" hijacked and strangled the chain so it could never compete with them.
Ever read the Bitcoin whitepaper?
Ever wonder why P2P cash became digital gold?
https://thatsbtcnotbitcoin.com

>> No.52816366

>>52816205
>nobody withdraws $1000 at the bank and hides them hoping to get rich in a few years
You just described forex, more or less.

>> No.52816370

>>52816205
Wait a few months, there will be no place to put money in a recession. Cash may be king again.

>> No.52816414
File: 239 KB, 1492x1828, The Bitcoin Is Dying. Whatever.png [View same] [iqdb] [saucenao] [google]
52816414

>>52816170

>> No.52816687

>>52816170
Baby's first Bearmarket?

>> No.52816813

>>52816170
Mostly technology. Huge power consumption and having to use gpu's to mine it. Think about about for a while, does it sound like it's stuff of the future? Now try to scale that to 8 billion people, that's whole lotta gpu's whirring 24/7...

>> No.52816819

>>52816189
this it just keeps churning out blocks no fucks given.

>> No.52816845
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52816845

>>52816687
itt newfags

>> No.52816945

>>52816189
cope

>>52816819
kind of like bitconnect aye?

>> No.52816958

>>52816414
All good points.

>> No.52816972
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52816972

I love how zoomer cryptofags think 2011 was ancient history or something.

>> No.52819188
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52819188

>>52816170
Bitcoin itself didn't fail. Exchanges that allowed leverage trading and went insolvent caused it to fail. It's like Silk Road getting shut down by glowies allover again

>> No.52819648

>>52816370
Are you retarded?