Nothing, if you think it's worthless then it will continue to be worthless. These are the types of articles that appear and will continue to appear every time it takes a dip. They are the type of dips that we will continue to see. At least for the near future. Yet, it continues to come back. As long as there are people that believe in it, bitcoin will survive.
At some point, people will get used to the idea of Bitcoin being an asset and the extreme dips will be reduced and multiple services will be based on it. My guess is that that will happen when a generation of users is alive that has not lived in a world without Bitcoin. Maybe 10 to 30 yrs from now.
I will even go as far as saying that some people will use it as an asset in their retirement fund.
Bitcoin has zero value, only if no one believes in it but as long as there's a community that believes in it and it's willing to trade it then it has the value the community gives it. As it stands now, over $60k per coin.
You can word it as "believes in it", but I prefer to say "understands it". Belief suggests that you're basing your judgement on a feeling, rather than a scientific grasp of it's fundamental properties and how it's destined to perform in a given environment.
Many people "believe" in the dollar, but really, most have no understanding of why it has the particular value it does.
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[ 3.1 ms ] story [ 28.3 ms ] threadAt some point, people will get used to the idea of Bitcoin being an asset and the extreme dips will be reduced and multiple services will be based on it. My guess is that that will happen when a generation of users is alive that has not lived in a world without Bitcoin. Maybe 10 to 30 yrs from now.
I will even go as far as saying that some people will use it as an asset in their retirement fund.
Bitcoin has zero value, only if no one believes in it but as long as there's a community that believes in it and it's willing to trade it then it has the value the community gives it. As it stands now, over $60k per coin.
As if there aren't enough ways for eldery people to be driven homeless by losing their pension funds already?
Many people "believe" in the dollar, but really, most have no understanding of why it has the particular value it does.
Step 2: understand how fiat works
Step 3: understand what money really is
Step 4: try not to think about bitcoin every moment of the day