RE: Why I'm Negative on Bitcoin

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Why I'm Negative on Bitcoin

in bitcoin •  7 years ago 

I have listened many videos from cryptovestor on youtube, i dont dismiss them, i form my opinion after listen to his arguments, and my conclusion is this is simply FUD... You may call my a DUM for having that opinion, thats ok, i have been called worst...
I simply dont see any point on comparing crypto with the .com bubble or even with any stock market, its just not the same, i think thats the big hole in his all argument, and the fact that BTC is deflationary and the offer wont grow, but the demand will always grow exponentially, it is impossible to be a bubble... It really doesnt matter is BTC is a bad crypto in terms of speed or fees, its BTC, its the first crypto and people is using as a store of value (and a mean to earn money), and that wont be changing any time in the future...
His FUD may be due to 2 different things: legit fear because price went up too much and too fast, or simply trying to stop other people from buying BTC, you see, the more people buy BTC the less BTC there is and it will be harder to buy any in the future... There are A LOT of investor that been trying to spread fear all the year (even when BTC was at 1700$, dont buy! its s bubble!), trying to stop people from buying BTC, it is not rare at all...

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