The Bearish Case For Bitcoin – What Could Go Wrong
Yesterday we looked at the bullish case for Bitcoin. Today we examine the bearish case. I’ll examine some common arguments against Bitcoin & discuss other headwinds that Bitcoin could face in the coming years. #Bitcoin #Crypto #Blockchain
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Someone who's not consistently bullish or bearish? What the hell are you? A rational person?
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MATIC cryptocurrency the future ripple and ada killer
MATIC cryptocurrency the future ripple and ada killer
20 years ago the internet was not scalable either. Many of these concerns around bitcoin are more of a feature rather than a bug. Both Andreas & Saifedean have addressed these concerns extensively.
Other factors such as major exchange hacks and hardware wallet bugs are all valid threats.
There is only one bearish case for bitcoin. Global catastrophe where humanity is destroyed. What's the bearish case for the internet? When you can explain that I will listen to your bearish case for Bitcoin, because that is the right analysis.
To me the Ponzi scheme nature of crypto seems to become more and more apparent.
What Could Go Wrong?
Wright
Bravo.
Love your content Alex. Very well laid out and easy to follow. Following on from this I read a really interesting article on Medium today that cuts to the core of what you're saying. Worth having a look.
https://medium.com/@ben_43027/mass-adoption-of-cryptocurrencies-559e14439dae?fbclid=IwAR0bnWeV3hgMemRb8OhN3JSu56xeY7nA8d2fZRIiyLw8Rbxmu7s1CZ-8xCY
Thanks for thesis. You speak well and I can see you are putting a level head on when making these analysis. Earned a sub and can't wait for more
Hey Mate, love your channel. But do you have any control over who advertises, cause I’m getting United Australia Party Ads. Don’t mind ads, just not from those folks.
Thanks Alex. Always good to look at all possible outcomes.
The energy argument against the Proof of Work mechanism of BTC will likely be the most effective way to attack it politically.
Ask yourself: is the energy expelled to run and secure the BTC network worth a decentralized money system that would rid the evils that come with central bank money manipulation?
I think so.
We dont need Bitcoin when we have NANO.
Cloud mining has started offering contracts everywhere seems like bulls are around the corner
What is somebody figures out how to reverse engineer the SHA-256 encryption algorithm?
Great to hear both sides of the possible outcome, I’ll stick with the bullish one mate??
You are an "über bull" who actively shorts the btc market?…seems like a fair-weather and opportunistic "bull" to me.
It's when you present both sides well, that I listen to your expertise more intently…
i think people need to drop profitability and look at the fundamental aspects of the network, the miners power the network and get a reward for it, no where does it say "you make a profit", you just get a reward, that reward should be spent on renewing the energy or implementing renewable energy sources to power the network with less and less impact on the environment and power grid, once the source of energy is renewable without environmental effect the only cost is going to be maintenance and parts, then it might be profitable.
i think some of them could happen, like another correction but i dont think it will be as bad as people are imagining, the bottom is 0… so long as we dont hit that we should be fine to ride out another crash and then it has only 2 ways to go "up" and "away"
Looks like Bitcoin could be heading back towards pre ‘hash war’ $100 billion market cap. Resistance then Support?
2019/20 Łitecoin and Bitcoin Block reward halving hype another day closer ……
Your videos could be 90% shorter if you talked less bullshit
Tether?
I think the most bearish case is the way miners are the ones who agree which bitcoin software to use so there's an incentive for them to keep the TPS lower so their fee returns are higher. Sure, they don't want the system to fail, but high transaction fees will probably not be something that goes away. It'll just be up to innovation in things like Lightning to make this situation workable.
Great Video as always! I have a question. What banks (both local or offshore) can Australians look at for trading crypto without fear that our accounts will get shut down? Can you recommend some choices / strategies?
A really good point Alex, the burning question is very much why would any government want to allow any privacy focused coins (ie something they can't control)? As the big guns in crypto could Bitcoin and Ethereums path soon be drawing their full attention and possible interference? Most governments hate the word privacy unless its for their own means.
The second question is more a psychological barrier for the 99% of the general public who currently have little or nothing to do with crypto, for mass adoption to happen would these folks actually risk/trust using any crypto that is as touted loudly by their government as outside their governments endorsed, "legitimate/legal/not private" version? (FOMO during a wave of coming speculation is one thing but this is about the adoption of the actual day to day designed features of each crypto by the public)
Your thoughts?
When you get a system to stop hackers stealing it- let us all know. Exchanges going broke etc etc etc.
Let's face it the risks are far too high.
So how do you respond to Wolf of wall st comments https://www.youtube.com/watch?v=4F2b42wah0Y so far his been right
Have you heard of the Quantum Financial System? If so what do you think.?
the electricity used by miners IS the store of value behind bitcoin
Thanks Nugget's News.
Crypto is the next progression of our civilization and the next stage of the industrial revolution, it's not going anywhere.
Nice one nugget cover all basis
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I am bearish on bitcoin, but bullish on altcoins
Thanks bud