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Why Doesn’t Bitcoin Have Buyers? (Why Bitcoin Has No Value)

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Why doesn\’t Bitcoin have buyers? The birth of Bitcoin was due to its high price

Why Doesnt Bitcoin Have Buyers? (Why Bitcoin Has No Value)

Why doesn’t Bitcoin have buyers? The birth of Bitcoin was due to its high price, and in the context of global economic downturn, there was no physical support to sustain it. 1. Do investors find Bitcoin attractive? 2. Has people’s attitude towards Bitcoin changed? 3. The term “Bitcoin” was originally proposed by Mark Zuckerberg and was written into the US Congress bill as “cryptocurrency” on February 1, 2009. However, this definition is not a new concept, so many people don’t care about its concept, they just say they don’t understand the relationship between Bitcoin and digital assets, which is related to the values behind Bitcoin. 2. Why is Bitcoin being ignored? 4. Many well-known media have started paying attention to the Bitcoin market; 5. “Wall Street financial analysts,” especially those from large companies that have invested for over ten years and people from emerging industries, are actively buying Bitcoin and other cryptocurrencies; 6. “Mainstream institutions are entering the market”; 7. Most top investors hold BTC as a speculative and high-risk investment asset rather than a long-term reserve tool; 8. “Retail investors are earning huge profits”; 9. “Altcoins are disappearing”; 10. Bitcoin transaction fees have significantly decreased. 11. By the end of 2017, the price of Bitcoin reached a historical high of about $13. On November 15, it reached a peak of nearly $20,000, but has been in a downward trend since then; on the evening of December 17, it rose to nearly $300,000, but then doubled in the following two weeks; in early December, there was a market decline of over 10%; at the end of December, it surged to nearly $2,000 and even surpassed $10,000; this proportion will continue to increase in the first half of next year and may reach 20% by the third quarter of this year. The sharp decline of Bitcoin has brought pressures to the entire circle. 1. Are there problems with exchanges? 2. Is there a lack of liquidity and adoption? 3. Are there technical issues?

Why Bitcoin Has No Value

Bitcoin has no value, so why has it become a speculative asset?

First, let’s look at why Bitcoin has no value.

First, its nature is a symbol of currency, a kind of commodity;

Second, it is a “digital gold” composed of a basket of gold or other metals, and its price has been rising in recent years, but now it has fallen below zero because market sentiment has begun to differentiate.

The third reason is that Bitcoin as a virtual commodity has certain problems.

The fourth reason is its detachment from the US dollar.

The fifth reason is also the origin of Bitcoin’s lack of liquidity, so it has no tangible economic value and is not real currency at all. So what is blockchain technology?

The combination of blockchain and encryption technologies allows people to easily use various technologies to create their own payment systems, such as Ethereum, Litecoin, etc. However, blockchain technology is not the only solution to all these problems, but a new economic incentive that can help achieve this goal. Therefore, Bitcoin cannot generate significant investment returns like most fiat currencies, but has an infinite potential.

The sixth reason is due to its anonymity and decentralized nature, which means that anyone can freely trade and cannot arbitrarily interfere with activities on the network, eliminating participants’ control over the platform and ensuring no financial fraud occurs.

The seventh factor is smart contracts. Smart contracts make it easier for everyone to enter and operate on this platform without the involvement of third-party institutions.

The eighth reason is that a study by the Ethereum development team shows that the growth of the Ethereum ecosystem is driven by smart contracts. In other words, users can link their wallets to an application or send funds from one application to another through smart contracts, providing them with services and tools. Although smart contracts make it more convenient for users to transfer assets, they also bring significant risks to the entire industry.

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