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What is the single biggest reason you DON'T believe in Bitcoin?
Main Post: What is the single biggest reason you DON'T believe in Bitcoin?
Top Comment: For it to be the future of finance it has to improve upon the current system which it does not. You have to have a lot of caution while dealing with Bitcoin and one small mistake can make you lose your earnings forever. But as an investment ? I really don't get what keeps its prices up so much. So as an investment I think it's better than a las Vegas casino.
Bitcoin Value: What do you think?
Main Post:
Hey everyone, I was reading another post about how Bitcoin's value really depends on consensus. Basically, if enough people stop believing in it or move to something else, the value could drop. I’m curious what you all think about this idea.
I do own some Bitcoin and have been DCAing, but this got me thinking. How much do you think Bitcoin's price is really about what everyone else believes vs real value?
Honestly, the same goes for anything else in the world, right? If people stop valuing something, it loses worth. What do you all think?
Edit: Thanks for all the replies, everyone! I appreciate the different takes. This is interesting.
Top Comment: Your last point is correct, all value is subjective, and there is no such thing as "real value". This is no more true for Bitcoin than any other thing of value.