Bitcoin has plummeted recently. Are you still optimistic about the future of Bitcoin?

I am not optimistic about the future of Bitcoin. Bitcoin has no practical value and cannot be used in reality. It is risky to clean it up in the future.

At the beginning of the birth of Bitcoin, it was originally intended to decentralize, so that people's property can be better preserved and people's transactions can be more convenient. But what I didn't expect was that Bitcoin became a hype tool, and people only held Bitcoin to get rich through hype.

The price of bitcoin has not stood the test. Under the ups and downs of Musk, people saw the fragility of Bitcoin and kept selling Bitcoin, which made the price of Bitcoin fall all the way.

First, the price of bitcoin is too high, and it is difficult to rise in the future. The price of bitcoin has reached tens of thousands of dollars. Many people make money by hoarding bitcoin, but the price of bitcoin makes ordinary investors flinch. In the future, people will not buy expensive bitcoin, so it is difficult for bitcoin prices to rise. Many new investors who enter the cryptocurrency market prefer low-priced cryptocurrencies, such as dogecoin and other animal coins, which are favored by investors.

Second, Bitcoin has no practical value and is not suitable for purchase and collection. After the birth of Bitcoin, it was not recognized by sovereign countries and could not be circulated in the market. It can only be traded online. There are no practical application scenarios in real life, so holding bitcoin is worthless. The characteristics of bitcoin itself determine that bitcoin is not suitable for long-term holding and collection.

Third, the decentralization of Bitcoin is a joke. It has not stood the test, and there is a risk of removal in the future. Bitcoin is decentralized and not controlled by the central bank, so it can preserve its value. However, it backfired. Without the endorsement of authoritative organizations, bitcoin is more easily manipulated. Musk's manipulation of Bitcoin makes people see the fragility of Bitcoin. Bitcoin cannot stand the test of risk and may be liquidated in the future. So be extra careful when investing in Bitcoin.

Bitcoin has lost its role at the beginning of its birth and has become a promising hype tool. If you have other views on this, please leave a message for discussion.