So I went to a doctor with my kid and out of pure boredom, while she was inside, started browsing 9gag. They were having a laugh talking how the idea of NFT failed with the market crashing and all that "going to 0" shit and of course the discussion was sidetracked into bitcoin with the general theme being that it's also worthless like NFT and also going to 0.
I read it for a second just to see how random people who spend time browsing memes see things that happen in our crypto space and I'd like to spare you all the crap and make it into some kind of a list, so here it is:
Bitcoin is worthless because there's no backing, unlike with fiat that is backed by states.
It just uses electricity and doesn't give anything back, it wastes energy.
Most of it is owned by just a few addresses so they decide if you win or lose.
It's going to 0 because it's a bubble like tulips and it's even smaller in size than tulips were.
It failed in El Salvador because nobody uses it, people just wanted free coins and stopped using Chivo when they got their coins out.
Only poor countries that don't know how to handle inflation will adopt bitcoin because they're out of ideas.
It lost so much value in the last year so it's not a hedge against anything. Gold lost less so it's a better hedge.
I used to think that people who hate technology and progress will be those who are too old to switch, like Warren Buffett or Peter Schiff, but young people who sometimes are working in tech jobs seem to rather be in fiat or gold, like the old generation. Personally, I would never be against something that gives people the freedom of choice and I'm not that young. I'd think people who are in their 20s should be backing freedom 100%, but guess not. On the other side, following the old meme, in the Internet nobody knows you're a dog. That could be a central bank employee trolling you on reddit
