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Bitcoins are worthless. They have no value. The whole thing is a scam. The ASIC manufacturers have been raided by the government, the major exchanges have be
by Ologn 12y ago
Bitcoins are worthless. They have no value. The whole thing is a scam. The ASIC manufacturers have been raided by the government, the major exchanges have been shut down for fraud. I mean, even their inventor keeps himself anonymous.
Bitcoins entered 2013 worth $14, a historic high at the time. By November 2013 it hit $1160 on the hype cycle. It has only fallen since then - it is <$320 currently, a historic post-high low.
It is going to keep sinking. It is worthless. It has no value. It is going to $0. All those who talk about bubbles and the dot-com bubble can see how the $5 billion Bitcoin market cap was created out of nothing. I mean, this is the central demonstration of a bubble, a scam, a Ponzi scheme in our time. Look at all the VC's and angels etc. shilling for this scam. Why not? They will make money, only the suckers who believe them and shell out $320 for these worthless hashes will lose money.
It's pointless to dwell on this too much, but the Bitcoin scammers are rampant on HN. They are trying every means to hype their worthless, valueless product, so this post will surely get downvoted to oblivion. Anyone who listened to me when Bitcoins were worth $460 and I said the same thing ( https://news.ycombinator.com/item?id=6753545 https://news.ycombinator.com/item?id=6753545 ) would have saved themselves a 30% loss. But the scammers here don't want suckers warned, this post will be downvoted to oblivion so people don't see it and the next round of suckers will get robbed by the scammers.