This article recently deals with a conversation in Davos, Jeff Schumacher’s Bitcoin price will be zero. In this article, we explain that it is impossible for Bitcoin’s value to be zero, based on two simple reasons.
Schumacher is a senior investor and a relatively senior personality in the crypto money market. In a CNBC panel where you open and listen to your mouth, Bitcoin says that he has no value and that he is useless as a money. Instead, he emphasizes that he is more interested in Blockchain technology.
Schumacher, with a thought that we haven’t heard for a while, is an idea of olma enduring anything ”with the argument:
“I definitely believe that the value of Bitcoin will be zero.
Now let’s move on to reasons why Bitcoin’s value can never be zero.
1.SEBEP: Real Believers/Heart Supporting
In order for the Bitcoin market to be completely filled, almost everyone has to sell. Such a situation has never happened before. Looking at Bitcoin, even with almost half of the existing crypto currencies, even the purchase and sale shows that its value will not fall to zero.
It is extremely difficult to determine how many coins are available in a particular stock market, but we know that in the last 24 hours, more than 1 million coin has been moved to the block chain. There are more than 17 million coins in total. Satoshi Nakamoto is said to hold about 1 million coins. Bitcoin’s maximum supply will be 21 million.
https://twitter.com/robustus/status/1088068023792087043
A report published by Diar and ChainalSysis last year found that more than 55 % of the existing Bitcoins did not move at all. 42 % of people with more than 200 BTC did not perform a trading transaction even in December 2017, when Bitcoin reached the highest value. 27 % of these people later continued to add the Bitcoins in their hands, but to add them to him.
If “the people who hold Bitcoin in their hands” were not motivated to sell their coins when the price is extremely high, why should they do that when the price has fallen suddenly? There is a request for a request, but there is no evidence that the demand for Bitcoin is missing or decreasing. Even if it is only a speculative trading tool, high -risk investment funds and individual investors are attached to it even for this reason, even for this reason. Double folding as a usable currency consists of only one side effect.
https://twitter.com/jeffschumacher4/status/100695637340454540928
2.SEBEP: Rational personal interests
In order to attract Bitcoin’s value to $ 0, with such high coin percentage, which is put in various wallets and places, a number of prices should be brought together and a conspiracy. In order to realize such a scenario, the following is also necessary:
1) The people who hold Bitcoin in their hands must suddenly have an economic incentive to get rid of the coins in their hands.
2) Investors must be willing to afford thousands of dollars per token.
3) All commercial boots must be programmed according to a defective situation to buy cheap coins.
4) Most of the stock exchanges must be hacked and hacked at the same time.
5) Miners must be ready to give the block awards they receive suddenly for free.
All of this is a story of loss of information that cannot even be imagined.
In short, while Schumacher Bitcoin claims that he was “not based on anything ,, the person who makes the news must remove the conclusion that the“ zero ”theory is not based on anything.
No one sells an asset in his hands for zero price. A high percentage of people who are currently investing has purchased Bitcoin at a higher price from USD $ 1,000. The strategy of “Buy and Hold” continues to reward people who are sure that something is done correctly. Schumacher seems to be unsuccessful in understanding the fact that refusing to sell at a certain price means creating a real bottom price.
People who have adopted Bitcoin in many early periods continue to wait for a world where they can only use Bitcoin instead of transforming Bitcoin into a Fiat currency for its use. This world is increasingly developing. Even the ordinary of Bitcoin and crypto currencies is a situation that can take decades. Especially as long as they offer superior and more needed alternatives for local cash solutions, it seems extremely difficult to talk about their values will decrease to zero.
