German Business Insider "Expert" Warns: Bitcoins are worthless

in bitcoin •  8 years ago  (edited)

This story made my day. Today in the morning I was waking up and looked at the Bitcoin and Altcoin prices..

Nice! Another day I earned a lot of money during sleep :)

After breakfast I opened my Facebook account to look what my friends are doing.. And then I saw this Article:

"Expert warns: Despite Boom - This is why you should keep your hands off Bitcoin"

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In this article the "expert" is explaining you, why Bitcoin has no intrinsic value and if you buy Bitcoin it's the same like going to play lottery :D

Instead you should keep your money in fiat because this money is backed by the promise of your government to has some value.

The expert:

"Bitcoins have no real value. Gold has the value of the metal, fiat money the promise of governments that it has a value. Bitcoins however is more illusion than reality. There are terms like "coin digging" to create the impression that Bitcoins are a valuable asset."

So thats being said: Are you still believe in Bitcoin or do you trust the german Business Insider "Expert"? :D

If you speak german, you will find this magnificent article here: http://www.businessinsider.de/manfred-huebner-bitcoins-sind-wertlos-2017-5?IR=T

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I find it hard to say that Bitcoin is worthless. Its value keeps rising above $2300! It has become the most popular cryptocurrency! Thanks for sharing this post, @goodbyematrix! Upvoted & Followed you as well.

Can you trust the government more than a decentralized community? I guess Bitcoin gains more and more value because people trust less and less the promises of their governments and their central banks.

Yes and the governments getting worse and worse.. So the people searching for a alternative. Crypto is one of this alternatives and the system is speaking against it with stupid arguments ..

"Nice! Another day I earned a lot of money during sleep :)"
Its a good feeling :)

Yes a very good :)

@goodbyematrix Good name too I like it.

Hehe thanks :)

Wenn man mal komplett bei null anfängt und sich die Fragen stellt: "Was ist Geld?" und "Wieviel ist welche Währung wert?". Dann kommt mann schnell zum Entschluss das der Euro / Dollar / Yen auf jeden Fall weniger wert sein müssen als Cryptowährungen.

Ich brauche eine Regierung die mit "Gewalt" und unter Androhung von "Freiheitsentzug" ein 'Gesetzliches ZAHLUNGSMITTEL' etabliert. Soetwas brauche ich bei Cryptowährungen nicht. Ergo ist die Akzeptanz viel höher. Wenn die Akzeptanz und der Wert auch ohne einen Staat aufrecht erhalten werden kann dann weis ich nicht was noch gegen einen höheren Preis spricht.

Actually my mother was sending me this article today.
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