During the existence of cryptocurrencies, starting in 2010, many economists, politicians, journalists and ordinary people predicted the death of Bitcoin. Some did it with sadness, some with bewilderment, some with gloating. But Bitcoin doesn’t seem to care about outside opinions. He “resurrects” again and again to prove to everyone that his mission is far from completed.
We have selected several “obituaries” for Bitcoin for 2017.
January 6, 2017
Wired Electronic Magazine:
“This strange thing, never will become a currency."
Olaf Carlson-Wee, the first employee of the most important bitcoin exchange in the country, Coinbase, believes that bitcoin is only suitable for investment, its price is rising due to speculation, the price is rising, but it will never become a currency.
January 26, 2017
Mclellan e-Magazine:
“Bitcoin is a bubble and we already are saw”
If you look at the graph of bitcoin price fluctuations, it is very similar to the graph of securities price fluctuations, only bitcoin reacts to events in the world even faster than stocks. “If this correlation continues into the future, bitcoin could end up at the bottom of the chart within two days,” said Tom McClellan, founder of McClellan Financial Publications.
February 13, 2017
The Collegian e-magazine:
“Praxis says bitcoin will die”
Financial institutions can implement some of the technologies used in Bitcoin transactions to carry out dollar transactions, but America will still use the dollar, said William Luther, professor of economics at Kenyon College, speaking at the student economics club Praxis at Hillsdale College.
February 24, 2017
Gizomdo e-magazine:
Bitcoin is not suitable as an investment, but it is suitable as entertainment, says Michael Nunez, editor Gizomdo. That's why it's still hanging on.
February 27, 2017
Finance Feeds e-magazine:
“Bitcoin will never be financial mainstream”
The price of bitcoin is being driven up by hipsters and upstarts, who just yesterday were developing computer games, and today they are promoting bitcoin. Investors in perennial banking technologies won't entertain them. There is no chance that bitcoin will be accepted into official e-commerce. Large companies are interested in blockchain technology, not bitcoin, which is tied to it.. The author of the article is Andrew Sachs-McLeod, an expert in the field of financial technology. May 2017
May 4, 2017
Daily Reckoning e-magazine:
“The beginning of the end of Bitcoin”
Ray Blanco, technology expert announced the beginning of the end of bitcoin.
Hacker stole and demanded ransom from Netflix for several episodes of the popular television series “Orange is the New Black.” The same hacker recently hacked the server of another company and this time asked for a ransom in bitcoin. Now bitcoin also poses a political risk. Nothing will stop this hacker from attacking hospitals and airlines tomorrow, and if lives are at stake and not series, Congress will get down to business and ban bitcoin forever.
May 19, 2017
Electronic magazine Seeking Alpha:
You need to approach the absurd with a sense of humor. You can buy Bitcoin in 30 seconds and lose money at the speed of light. It is not stable, there is nothing behind it. Money from Monopoly is even safer. John Lohr, expert, lawyer and analyst.
May 24, 2017
Macro Business e-magazine:
“Bitcoin. Worldwide financial pyramid"
If the currency loses value, bitcoin will also lose value. Buy it, own it, do whatever you want with it, but don't forget that it's just a worthless Ponzi pyramid that could collapse at any moment.
May 30, 2017
Jonathan Harris:
“How much should Bitcoin and other cryptocurrencies cost? Zero cents.”
Jonathan Harris, a credit risk expert, believes that if there are no people willing to buy Bitcoin, its price will be zero. Stocks provide a stake in the company, bonds provide the right to receive interest, Bitcoin provides nothing. Only the opportunity to sell it while someone is buying.
May 31, 2017
Kyle Duck:
“Bitcoin is the second worst currency in the world.”
Bitcoin is pixels on the screen, if the battery is dead, you are bankrupt. He only has fans who love and believe in him. If Bitcoin is attacked, there will be those who will fight for it. The first worst currency is the euro, no one will fight for the European Union..
June 6, 2017
CNBC Electronic Magazine:
“Mark Cuban called Bitcoin a bubble that burst”
The price of bitcoin fell due to a post on Twitter. Mark Cuban tweeted that bitcoin is a bubble, and what is truly valuable is blockchain technology.
June 15, 2017
MarketWatch e-magazine:
"Stay away from Bitcoin - it's just garbage"
You shouldn't switch to Bitcoin to save a few dollars in transaction fees to lose 30% or 50% in a week with inflation. You lose 50% not only in relation to the dollar, you lose 50% of a kilogram of potatoes, a pack of rice, a liter of gasoline and the cost of a new car. Bitcoin is only good for online gambling and fraud. By Brett Arends, journalist
July 6, 2017
Invespedia e-guide:
“Why investors should ignore the hype around cryptocurrencies”
When someone printing extra dollars is called forging, when someone is creating additional bitcoins it is called a hard fork. Bitcoin cannot be any financial security if it can be mined while sitting in an Internet cafe. In addition, you should not invest in something that can drop in price twice in a week. Cryptocurrency may even become illegal if appropriate regulation is adopted. By Landon Whaley, CEO of Whaley Capital Group.
July 12, 2017
Yahoo! Finance:
“There are few and fewer places where Bitcoin is accepted.”
“Despite its price, bitcoin is almost never accepted as a means of payment. Out of 500 companies, 3 accept bitcoin,” reports Frank Chaparro, a financial reporter at Business Insider.
July 24, 2107
MarketWatch electronic magazine:
“The largest financial bloggers reveal their positions on Bitcoin and other cryptocurrencies”
Bitcoin mania, like tulip fever, will soon pass. But in the case of tulips, at least you still have tulips.. When buying bitcoin, you can only hope that there will be someone who will buy it at a higher price. By Sean Langluis.
July 27, 2107
Business Insider:
“Billionaire investor Howard Marks says cryptocurrencies unreal.”
Bitcoin has gained attention due to financial uncertainty following the financial crisis and millennials' love for all things virtual. However, cryptocurrency is not a real asset and once people decide to return to the dollar, it will be worth nothing.
August 7, 2017
Bitcoin and The Blockchain e-magazine:
"Bitcoin is dead - long live Bitcoin"
Bitcoin Cash is a fork of Bitcoin. If the miners don't agree, we'll end up with two incoherent networks. For a rational investor, even the possibility that such a risk exists renders the system unusable. No person or business entity can accept risks that he cannot control, relying only on the mercy of other people.
August 10, 2017
Seeking Alpha e-magazine:
The price of bitcoin is a misunderstanding. He's worth nothing. This is not digital gold. Bitcoin is not a Blockchain technology. If bitcoin is regulated by law, its very purpose will lose meaning.
August 11, 2017
GoldMoney Electronic Magazine:
“Cryptocurrency and its status"
The volatility of cryptocurrency makes it impossible to use it as a real currency. This is a bubble that is about to burst, or the state authorities will agree among themselves and ban cryptocurrency forever. By Alasdair McLeod, financial expert.
August 12, 2017
Splinter e-magazine:
“All this hype around Bitcoin is complete scam"
The code cannot become real currency. You can speculate on the price, you can find fools who will buy bitcoin from you at a higher price, but this is coming to an end.
August 15, 2017
Electronic magazine TradingView:
People are attracted not by cryptocurrency, but by the fact that they can sell it for more than they bought it and without commission. The real value here is the dollar and technology. Mining cryptocurrency is a waste of resources. Commercial use of blockchain technology can devalue cryptocurrency forever.
August 16 2017
Forbes e-magazine:
“Bitcoin is worth $4000. Why you shouldn't buy it"
If you are not a player or a professional trader, stay away from Bitcoin. Its price is far-fetched and will rise until it falls.
August 17, 2017
Coindesk e-magazine:
"Bitcoin pessimist Peter Schiff doubles down: even at $4,000 it's still a bubble"
Money should be a commodity, says investor Peter Schiff. In addition, invested money should generate income. With cryptocurrency, only those who receive income receive income. who resells it, unless, of course, it falls in price during this period. Cryptocurrency is not money.
August 21, 2017
Antonius Aquinas
"Bitcoin and the age of illusions"
Money must be backed by something material and has value as long as people value their material asset. Cryptocurrency is made of thin air, it is an illusion that is not backed by anything.
Editorial staff. FORKNEWS is confident that Bitcoin will wear out several pairs of shoes by visiting the graves of those who “buried” it.
We wish this with all our hearts to all our readers.
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