BITCOIN IS A BUBBLE AND A PONZI SCHEME... THE BITCOIN DEATH MARCH IS REAL!

northernpicker (44)in #cryptocurrency • 7 years ago (edited)

R.I.P. Bitcoin. You have been killed over and over since 2010.

Here is a massive list of news stories, articles and interviews I have compiled for your viewing pleasure just to show how ridiculous all of the claims of Bitcoins death have been by the masses and yet Bitcoin is still standing. I mean, just look at all the death and carnage, talks of bubbles and shouts of Ponzi Schemes.

These are just some of the claims I could find (well over 200). I am certain there are many more. I have included the sources for each one of these articles and Bitcoins aproxamate closing price the day each article was written. As you can tell, we are all going against the herd. Enjoy the carnage!

January 2018

“Why Bitcoin is Stupid” – Mr Money Mustache | $14,709.82
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December 2017

“Bitcoin - The Andromeda Strain of Computer Science Research” – SMBlog | $12,377.00
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“Why bitcoin investors are like stamp collectors” – The Sidney Morning Herald | $13,354.00
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“Why Bitcoin is the largest Ponzi scheme in human history” – Linkedin | $14,317.00
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“The Bitcoin Hoax” – Huffington Post | $13,476.00
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“Bitcoin Is an Implausible Currency” – Bloomberg | $15,374.00
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“Morgan Stanley says the true price of bitcoin might be zero” – Business Insider | $13,623.00
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“Ten years in, nobody has come up with a use for blockchain” – Hackernoon | $13,170.00
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“Bitcoin heading to $0.00 & many will lose everything when bubble pops – warns investor Peter Schiff” – RT | $15,666.83
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“Bitcoin: Analogous To Gold… Fool’s Gold” – Seeking Alpha | $15,666.83
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“The Swedish co-founder of Bitcoin.com has sold all his bitcoins” – Business Insider Nordic | $18,934.00
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“Russia & China will engineer bitcoin apocalypse, Saxo Bank predicts” – RT | $17,522.00
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“Bitcoin buyers should be prepared to lose all their money, top UK regulator warns”- CNBC | $17,522.00
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“Real life Wolf of Wall Street Jordan Belfort slams Bitcoin as a ‘huge, gigantic scam’ and warns wannabe investors not to waste their money” – The Sun | $17,522.00
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“Seth Klarman calls bitcoin a ‘trading sardine,’ others say ‘speculative mania’ – They are right” – CNBC | $17,522.00
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“Bitcoin is failing as a currency” – Engadget | $16,383.00
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“Bitcoin is a Ponzi scheme, and it will collapse like one” – The Hill | $16,754.00
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“Bitcoin is the most perfect bubble possible” – The Washington Post | $16,967.00
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“Why bitcoin’s success could be its downfall” – The Washington Post | $16,754.00
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“Bitcoin is useless” – Hernaes | $16,754.00
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“Bitcoin Prices Are Headed to $0.00: Peter Schiff” – The Street | $16,425.00
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“A new gold? Bitcoin is more like the beanie baby bubble” – The Telegraph | $15,869.00
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“Bitcoin is a ‘dangerous speculative bubble,’ Yale expert says” – CNBC | $11,595.00
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“Greenspan compares bitcoin to Colonial America currency that eventually became worthless” – CNBC | $13,527.00
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“Bitcoin: French economist predicts day of reckoning” – Irish Times | $11,595.00
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“There’s a ‘fatal’ flaw in cryptocurrencies which means they can never be real currencies” – Business Insider | $10,869.00
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November 2017

“Bitcoin Is a Delusion That Could Conquer the World” – The Atlantic | $9,907.00
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“This Is What Could Pop the Bitcoin Bubble” – Bloomberg | $9,749.40
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“Hey Idiots – You’re Gonna Lose All Your Money on Bitcoin, Idiots” – Splinter | $9,898.00
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“Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says” – Bloomberg | $9,749.40
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“Bitcoin rally may continue — but is it driven more by high-school dropouts than fundamentals?” – MarketWatch | $9,728.80
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“Exit Sign” – Kunstler | $9,728.80
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“Time to sell your Bitcoins: Cryptocurrencies success a bubble, Central bankers around the world warn” – Financial Express | $9,728.80
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“The Guardian view on cryptocurrencies: blockchain of fools” – The Guardian | $7,977.10
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“10 Reasons Why Bitcoin Will Fail” – ListVerse | $7,977.10
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“Bitcoin is dead. It was split into two.” – Deadal Nix on Twitter | $8,097.30
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“The Bitcoin bubble will burst. It’s time for a ‘Bitpound'” – Telegraph | $7,977.10
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“Bitcoin is a bubble, no plans to short-sell: Japan Post Bank CIO – Reuters” | $7,864.20
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“Why Bitcoin will go the way of the tulips” – Financial Review | $7,864.20
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“Bitcoin Price Will Go To Zero As Bitcoin Will Struggle To Remain The Dominant Cryptocurrency” – Seeking Alpha | $7,278.30
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“Economist Nouriel Roubini says Bitcoin is a gigantic speculative bubble”- Business Insider | $7,442.40
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“One of Asia’s largest banks says bitcoin is ‘a Ponzi scheme'” – CNBC | $6,579.20
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“Bitcoin has no future because of its anonymity, SocGen CEO says” – CNBC | $7,103.30
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“Bitcoin is on the same path as every bubble in history” – Telegraph | $7,382.00
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“Bitcoin Is the ‘Very Definition’ of a Bubble, Credit Suisse CEO Says” – Bloomberg | $7,019.90
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“Greater fool theory – The bitcoin bubble” – Economist | $6,727.30
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“CME futures should stop, drive Bitcoin price towards zero” – Motls | $6,727.30
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October 2017

“UCLA faculty voice: Bitcoin is an energy-wasting ponzi scheme” – UCLA | $5,509.50
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“Virtual Currencies are Not Money!” – Linkedin | $5,906.90
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“Bernanke Thinks Bitcoin Will Fail (But He Likes Blockchain)” – Fortune | $5,764.40
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“Prince Alwaleed says bitcoin will implode: ‘Enron in the making'” – CNBC | $5,906.90
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“Peter Schiff: Bitcoin Is Not the Money of the Future” – The Street | $5,698.60
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“Nobel-winning economist Shiller calls bitcoin a fad” – CNBC | $5,764.40
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“Jamie Dimon says if you’re ‘stupid’ enough to buy bitcoin, you’ll pay the price one day” – CNBC | $5,636.80
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“Bitcoin’s price bubble will burst under government pressure” – The Guardian | $4,782.30
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“American SEC begins purge of cryptocurrencies by targeting Bittrex” – Stock Emperor | $4,311.10
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“Bitcoin Is a Fraud, ‘Wolf of Wall Street’ Jordan Belfort Proclaims” – The Street | $5,906.90
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September 2017

“Bitcoin’s fabulous rise … will eventually end in tears” – South China Morning Post | $4,190.00
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“Bitcoin to Zero – Bob Moriarty” – Stockhouse.com | $3,930.00
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“Stay Away from Bitcoin, It’s an ‘Absolute Bubble’ Says Tocqueville’s Hathaway” – Kitco.com | $3,873.20
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“Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero” – Wall Street Journal | $4,084.10
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“John McAfee accidentally just revealed why Bitcoin is a total fraud” – Natural News | $3,666.30
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“Bridgewater founder Ray Dalio: Bitcoin is a bubble” – CNBC | $3,900.00
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“JPMorgan’s top quant strategist, echoing CEO, compares bitcoin to ‘pyramid scheme'” – CNBC | $3,698.00
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“JPMorgan CEO Jamie Dimon says bitcoin is a ‘fraud’ that will eventually blow up” – CNBC | $4,367.12
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“Bitcoin is in a bubble, and here’s how it’s going to crash” – CNBC | $3,849.70
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“What bitcoin isn’t” – Moneyweb | $4,203.00
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“Bitcoin, Ether and other cryptocurrencies may be seeing the beginning of the end” – MarketWatch | $4,613.50
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“Where Money Goes to Die” – AlephBlog | $4,374.90
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“Bitcoin’s price hit $5,000 last week. It’s still a dumb investment” – LATimes | $4,374.90
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“The Death Of Bitcoin And The Future Of Cryptocurrencies” – Seeking Alpha | $4,200.40
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August 2017

“Here’s How Bitcoin Will Collapse” – TheStreet | $4,351.50
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“Big Governments Will Crush Bitcoin, But Won’t Kill It” – Forbes | $4,129.10
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“Bitcoin Bear Peter Schiff Doubles Down: Even at $4,000 It’s Still a ‘Bubble'” – Coindesk | $4,260.00
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“A Bitcoin Is Worth $4,000–Why You Probably Should Not Own One” – Forbes | $4,151.90
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“Gartman: Avoid the bitcoin boom” – CNBC | $4,319.50
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“Bitcoin Just Surged Over $4000 and Is Near Biggest Financial Crash in 400 Years” – The Street | $4,319.50
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“Cryptocurrency – its status as money” – GoldMoney | $3,407.90
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“BTC is dead – Long live BTC” – Bitcoin and The Blockchain | $3,396.70
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July 2017

“Billionaire investor Howard Marks says cryptocurrencies ‘aren’t real'” – Business Insider | $1,978.60
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“Bitcoin acceptance is virtually zero and shrinking” – Yahoo Finance | $1,978.60
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״Why Investors Should Ignore the Cryptocurrency Hype״ – Investopedia | $2,593.10
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“Why Bitcoin Can’t Serve As A Currency” – Seeking Alpha | $1,978.60
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“Stay away from bitcoin — it’s complete garbage” – MarketWatch | $2,636.20
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June 2017

“Mark Cuban calls bitcoin a bubble, price falls” – CNBC | $2,488.20
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May 2017

“Bitcoin is the World’s Second Worst Currency” – Kyle Duck | $2,146.70
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“Bitcoin: Ponzi gone global” – Macro Business | $2,394.80
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“What is a Good Price For Bitcoin and Other Cryptocurrencies? Zero.” – Jonathan Harris | $2,146.70
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“The Beginning of the End for Bitcoin” – Daily Reckoning | $1,545.10
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“The Death of Bitcoin” – Daily Reckoning | $1,545.10
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February 2017

“A leading economist explains why bitcoin isn’t money” – BusinessInsider | $1185.00
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“Bitcoin will never be a financial mainstay” – Finance Feeds | $1,195.50
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“Bitcoin Refuses to Just Die Already” – Gizomdo | $1,185.10
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“Praxis speaker says Bitcoin will die” – The Collegian | $996.50
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January 2017

“Bitcoin is a Bubble We’ve Seen Before” – Mclellan | $915.12
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“Bitcoin Will Never Be a Currency—It’s Something Way Weirder” – Wired | $898.00
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“Bitcoin passes $1,000 but only number that matters is zero” – Financial Times | $1,139.60
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December 2016

“Bitcoin is a bubble. It will burst on Monday 12 December 2016” – Linkdin | $765.01
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“Why This Well-Funded Startup Just Gave Up on Bitcoin” – Fortune | $765.01
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November 2016

״Circle CEO: Nobody Will Be Using Bitcoin in 5 to 10 Years״ – CoinJournal | $740.67
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“Bitcoin was supposed to change the world. What happened?” – Vox | $738.99
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“Bitcoin’s at It Again” – Bloomberg | $704.09
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October 2016

“IS BITCOIN DOOMED?” – Newsweek | $637.63
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September 2016

“Cryptocurrencies are Dead” – Medium | $611.81
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August 2016

“How Bitcoin was brought down by its own potential—and the banks” – Quartz | $576.15
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“The Bitcoin Bros Have Lost” – Deal Breaker | $577.20
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July 2016

“Is Bitcoin a Failure?” – FreeKeene | $ 665.01
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“Why Ethereum Succeeded Where Bitcoin Failed” – Vice.com | $665.01
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June 2016

We rather disagree with the estimation of Bitcoin – Adam Smith | $570.87
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“Bitcoin’s Rallying Again—But Isn’t Getting Much Attention Anymore” – WSJ | $585.22
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May 2016

“Bitcoin May Be Failing, But The Technology Behind It Will Live On” – Forbes | $440.81
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April 2016

‘Bitcoin is dead,’ says prominent fintech exec – Yahoo | $437.76
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March 2016

“Performing an Autopsy on the Bitcoin” – The Street | $411.35
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“1,000 Bitcoin Wallets Won’t Replace One Financial Revolution” – Coindesk | $417.28
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“Dumb Investment Of The Week: Bitcoin Investment Trust” – Seeking Alpha | $403.91
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“Death Sentence for the World’s Most Popular Cryptocurrency” – CoinTelegraph | $412.70
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“The Crisis in Bitcoin and the Rise of Blockchain” – Fortune | $408.82
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“Bitcoin payments around the world are failing as the platform is overwhelmed” – Business Insider | $420.56
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“The Dream of Buying a Coffee With Bitcoin Is Dying, If It’s Not Already Dead” – Vice | $422.22
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January 2016

“The decline of Bitcoin shows you can’t engineer past government” – The Week | $419.41
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“Bitcoin Is Dead, Long Live the Blockchain” – The Street | $411.00
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“R.I.P. Bitcoin. It’s time to move on.” – Washington Post | $378.96
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“Nick Weaver on Why You Should Sell Your Bitcoin” – The Lawfare Podcast | $449.23
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“The resolution of the Bitcoin experiment” – Mike Hearn | $429.25
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December 2015

“UBS Chairman: Bitcoin Currency Will Fail, Has No Lender of Last Resort” – Finance Magnates | $456.28
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November 2015

“Former bitcoin companies are erasing their embarrassing ‘bit’s” – The Guardian | $318.84
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“Could Bitcoin Prices Hit $100? This is Why Bitcoin is Doomed” – Profit Confidential | $409.24
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“Jamie Dimon: Bitcoin Will Not Survive” – Coindesk / Fortune | $387.96
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October 2015

“I Broke Bitcoin” – Vice.com | $244.20
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“This bitcoin startup is changing its name and moving away from bitcoin” – Fortune | $253.54
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“Bitcoins are a waste of energy – literally” – The Drum | $242.01
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“The Blockchain: ‘Just like the Internet’ Except that it’s not” – PYMNTS.com | $237.86
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“Why Bitcoin isn’t the wave of the future after all״ – DailyCampus | $237.86
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June 2015

“Bitcoin isn’t the future of money — it’s either a Ponzi scheme or a pyramid scheme” – Washington Post | $244.25
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“Bitcoin Is Unsustainable” – Motherboard | $244.58
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May 2015

“The Death of Bitcoin” – Tony Arcieri | $245.38
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April 2015

“Bitreserve’s new COO: bitcoin will go away in 5 years” – Coinfox | $253.71
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“Why Bitcoin’s male domination will be its downfall” – Fusion | $236.01
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March 2015

“‘I think they will start breaking toes’: Evolution Marketplace goes down in massive Bitcoin heist” – News.com.au | $262.19
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“Predictions for 2015” – Financial Times | $291.03
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February 2015

“Bitcoin is dying and ‘will be remembered like pogs'” – International Business Times | $235.88
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“Five Reasons Bitcoin Revolution is Over” – Sputnik News | $236.50
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“Why Apple Pay And Dollars Are Killing Bitcoin” – Forbes | $235.03
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January 2015

“Bitcoin might be dead. It doesn’t matter” – The Telegraph | $273.20
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“Is this the end for Bitcoin?” – Mybroadband | $201.23
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“Bitcoin Is a Victim of Disinflation” – The New York Times | $206.68
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“Slowly but surely, Bitcoin appears to be falling apart” – NewStatesman | $183.16
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“Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another” – The Washington Post | $183.16
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“Bitcoin Plummets — And May Be Stuck In A Self-Fulfilling Downward Spiral” – Business Insider | $183.16
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“Is this the end of Bitcoin?” – BizNews.com | $229.84
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“Why Bitcoin is a Ponzi scheme” – The Kernel | $266.19
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“Bitcoin’s New Year Price Plunge” – PYMNTS.com | $273.20
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“Was 2014 The Death March for Bitcoin?” – PYMNTS.com | $315.11
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December 2014

“Bitcoin’s defects will hasten its demise in 2015” – Reuters | $328.49
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“Bitcoin is (Nearly) All Dead” – Acton | $318.19
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“Can Bitcoin survive 2015?” – AOL | $329.02
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“Bitcoin’s financial network is doomed” – The Washington Post | $330.61
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“Bitcoin Bears Say Told You So” – Bloomberg | $347.19
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November 2014

“Bitcoin Will Bite the Dust” – Cato Institute | $337.34
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“Bitcoin is bust: Why investors should abandon the doomed cryptocurrency” – City A.M. | $337.55
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“Where did Bitcoin go wrong?” – CNN | $327.18
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October 2014

“3 Reasons Bitcoin Is Doomed To Fail” – Fool.com | $361.27
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“We need to consider the distinct possibility that Bitcoin is dying” – David Seaman | $322.45
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April 2014

“This could be the end of the Bitcoin era” – Yahoo | $482.83
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March 2014

“The real reason Bitcoin is doomed” – Fortune | $615.00
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“Bitcoin Is Dead — Long Live Bitcoin” – VICE News | $630.00
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“The Doomsday Cult of Bitcoin” – NYMAG| $668.00
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“Bitcoin is (Nearly) Dead” – Acton | $675.00
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“Bitcoin Is Dead” – The Weekly Standard | $675.00
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February 2014

“Mt. Gox Meltdown Spells Doom for Bitcoin” – Bloomberg | $515.00
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“Bitcoin is Dead” – Street Insider | $578.98
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“The Exact Date for Bitcoin’s Final Crash to $0.00” – Wall Street Daily | $582.00
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“Is Bitcoin Dead?” – About.com | $682.00
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January 2014

“Bitcoin is an amazing example of a bubble” – Robert Shiller | $781.87
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“Why Bitcoin Is Doomed as a Currency” – Fool.com The Motley Fool | $828.54
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“An early obituary for bitcoin” – Reuters | $828.54
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December 2013

“Bitcoin Will Crash To $10 By Mid-2014” – Business Insider | $731.94
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November 2013

“Once You Use Bitcoin You Can’t Go ‘Back’ — And That’s Its Fatal Flaw” – Wired | $835.11
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“A Prediction: Bitcoin Is Doomed to Fail” – The New York Times | $948.00
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“How bitcoin is going to fail and why it is not a gold equivalent” – Fester’s Den | $813.72
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“Bitcoin Is A Joke” – Business Insider | $225.20
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“Bitcoin Is A Remarkable Innovation, Here’s Why It Will Fail” – Salon | $126.52
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September 2013

“A Bitcoin FAQ” – Broken Librarian | $123.10
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August 2013

“Why Bitcoin Is Doomed To Fail” – moneygeek | $98.33
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“The SEC Shows Why Bitcoin Is Doomed” – Bloomberg View | $94.77
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June 2013

“Bitcoin Sees the Grim Reaper” – NY Mag | $105.70
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May 2013

“Game Over, Bitcoin. Where Is The Next Human-based Digital Currency?” – OUI Share | $122.89
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“Beware of This Insidious New Currency Scam” – Salon | $122.02
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April 2013

“Why Bitcoin Is Doomed to Fail” – Chron | $142.32
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״The Bitcoin Bubble Has Burst״ – Whistling In the Wind | $117.00
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December 2012

Wired, Tired, Expired for 2012: From Stellar to Suck _ Wired | $13.38
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November 2011

“The Rise and Fall of Bitcoin” – Wired | $2.32
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August 2011

“The Bitcoin Is Dying. Whatever.” – Gizmodo Australia | $10.84
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July 2011

“Why Bitcoin Will Fail as a Currency” – The Calculating Investor | $14.14
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June 2011

“Why Bitcoin Will Fail As A Currency” – Tav’s Blog | $19.49
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“So, That’s the End of Bitcoin Then” – Forbes | $15.20
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May 2011

“Why bitcoin will fail” – Apenwarr | $3.09
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2010

“Why Bitcoin can’t be a currency” – The Underground Economist | $0.20
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Yet, As of May 23, 2017 (Last Spring) On Small Business Perspective $100 of bitcoin in 2010 is worth $75 million today | The Washington Post

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“There are people who make things happen, there are people who
watch things happen, and there are people who wonder what
happened. To be successful, you need to be a person who makes
things happen.”

― Jim Lovell

Steemit: @northernpicker