Ask HN: How many of you believe in Bitcoin and why?
I don't believe in Bitcoin because it is a scam.
Bitcoin is a digital currency that has no intrinsic value and its price is determined solely by supply and demand. It is not backed by any government, which means that it can be used to finance terrorism or other illegal activities.
As the price of Bitcoin increases, more people are attracted to it, which then drives its price even higher - creating a self-reinforcing upward spiral that is unsustainable and will eventually collapse.
Bitcoin is a digital currency that has no intrinsic value and its price is determined solely by supply and demand. It is not backed by any government, which means that it can be used to finance terrorism or other illegal activities.
As the price of Bitcoin increases, more people are attracted to it, which then drives its price even higher - creating a self-reinforcing upward spiral that is unsustainable and will eventually collapse.