Most of the people who believe cryptocuerency will go to zero are far detatched from the crypto world. This is ignorance gone on rampage when you have people detached from the community thinking they can educate us as though they are authorities in the space. It's unfortunate they don't know what they don't know.
It also appears some just do it to spread FUD (fear, uncertainty and doubt). Why else would Jammie Dimon say bitcoin is a fraud.
Jordan Brlifort said there is a religious fervor to bitcoin. Thats probably the only correct statement he's ever made about Bitcoin and if you know anything about religion you know those who believe in something will sacrifice everything for what they believe. That alone tells you Bitcoin is here to stay.
When we have people like Vinny Lingham saying they are willing to set-up smart contracts assuring he'll buy all outstanding bitcoin if it reaches a certain price. That tells you this is just the beginning and we have enough people with enough skin in the game to assure Bitcoin's success.
Some say Bitcoin will go to zero. i say if it gets cheaper i will buy more and hodl. I know I'm not alone on that. The problem is we have people from yesterdays world trying to analyse cryptocuerency with yesterdays metrics.
What we as cryptocuerency enthusiasts should know is the crypto world is creating new experts. New millionaires and bilionaires and we can't expect people from the old world to understand us.
let us not wait for yesterdays experts to jump on our bandwagon. Lets be the leaders in this new crypto economy. I would love to see this new chapter of the global economy dominated by us the disrupters.
Governments will clamp down on Bitcoin 3
These are just my thoughts. I lived in Zimbabwe when the Zim dollar collapsed. Before the Zimbabwe dollar collapsed it was the only legal tender.
What happened however was as the value declined people started looking for alternative store's of value. The US dollar was the one people settled for. This all happened organically. The reason it was so attractive was it could store value better than local currency so people could save. You might think Zimbabwe is small economy and banana republic but the basics are the same. Are you better off hold $1000 worth of bitcoin for a year or US $1000.
(source Business Insider, )
If you look at this graph and see the growth and you still prefer fiat you need help.
Einstein said compounding is the 8th wonder of the world. if you dont think this is distruptive. Having a currency that is always compounding. You are the same as block busters who refused to adapt when the likes of netflix came. Remember their board was ful of highly revered members. But they were equipped for a world that didn't exist.
