How do people still believe that Bitcoin and Crypto are Worthless in 2022?

in #hive-1679222 years ago

Honestly, the funniest joke to me is when I hear people say Bitcoin and Crypto (Altcoins) are worthless, I am always short of words to reply to them because my brain is finding it so hard to believe there are still people that think that way, despite the fact, the crypto market has been down and in a bear market for a year now, since this prolonged dip or bear market started last year November after the bull pushed Bitcoin price to $69k. So like I was saying that despite this huge price drop, Bitcoin and Crypto are definitely not worthless and they know it, except maybe they are in denial and that is really sad but if they know what is good for them they should snap out of it before is too late.

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2022 has shown how important Bitcoin and Crypto are and why they should not be ignored

With all that has happened in 2022, talking about the Russian and Ukrainian war, the Canadian truck drivers' protest or should I say the standoff with the Canadian government over the covid 19 policy and how they used crypto support themselves after the truck driver's bank accounts were closed down or frozen because the government thought that was the best way to bully the protesters into ending the protest instead of hearing them out, the government did not stop there.

When these truckers switched to crypto they tried getting the Canadian trucker's details and all but they got shut down by most crypto exchanges as it is against their policy to disclose their customer's details, so how do people still believe that crypto and Bitcoin are worthless because no matter how the government fight crypto, they believe in it because they are scared and feel threatened by crypto.

In fact, in the case of the war between Russia and Ukraine, when all hell broke loose and people could not access ATMs and their funds in the bank because of the war, Bitcoin and Crypto were there to pick the slack that the fiat system created due to the war, Crypto took over and shined beautifully that the Ukrainian government and President had to ask for support from the world and he asked that the support came in Bitcoin and other cryptocurrencies if that does not tell you that crypto is amazing and inevitable then I do not know what will, cause you have literally seen how important crypto is but maybe choose to ignore it because of false facts about crypto that you have filled your head with online.

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Price action, FOMO, fear, clinging to the status quo.

Many got lured into crypto during the FOMO run up, yet still on the sideline, and subsequently witnessed the crash. They were skeptical and now even more skeptical.

For the privacy situation, look no other than Monero.

You have are good point but they should learn that risks a involved in every business.