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RE: How To Destroy Bitcoin According to MIT Tech Review
Only one thing can destroy bitcoin and that is the "TO THE MOON". No one cares about the idea or the use really, everyone just wants lambos. Until we get more matured people in the space we are closer to failure than success.
since the majority of new investors in the space appear to be average investors or even newly investors the maturity may only come with time.
I hope it happens soon for the sake of the tech. I love the tech and i have been an investor in stock market since last 10 years and i still feel scared of cryptos market. I think crypto markets need some serious moderation before serious investors with money get into it with all they got.
if the tech proves to be valuable and revolutionary it will survive even the worst "crash". for some reason many call crypto the "intertnet 2.0".
This is the real test. Once bitcoin is battle fought, it will get stronger. Lightning network is a big step forward. I hope Casper in ETH is also a success so we can move away from this energy intensive PoW method.
ummmm if you look back in history, I can't really see anything else that have survived the monumental crashes the likes of which bitcoin has been through... If you really believe in the tech, you will say "Bitcoin will never die because I will not let it die"
right now bitcoin is not used for payments as of the moment. All of the volume comes from trading. For these things to be adopted, they need to be used as payments and merchants accepting these payments.
where did you get this information? I'm curious.
Which merchant have you seen accepting payments in bitcoin. And even if some do, which of them keep it in bitcoin. All of them convert it in fiat right away. Bitcoin will be a currency when you prices of everything in bitcoin
they are not investors, they are gamblers claiming to be investors. They think they've found the secret winning horse that everyone else seems to know about.
Don't worry, the "to the moon" people are weak hands, they will move on the the next best thing in due time. They are the least threat to bitcoin.