Would you be so kind and present, not a myriad, but at least 400 of those reasons?
Hahaha no I would not be so kind as to sit here and type out 400 reasons. How about I present you with one, and you can go learn the rest on your own. The transaction fees and times for bitcoin make it unusable as a currency, which render it near worthless. Its intrinsic value should be less than 1% of what it is now, and the only reason it would not be zero would be the hope that they somehow solve all of bitcoin's scaling issues such that it can handle transactions on the scale of Visa or Mastercard (about 200x as many transactions per second as it gets now).
Less than 1% would make it roughly 100$.
So, can you please let me know if there were any troubles with the fees while bitcoin was at 100$ and at 1000$?
Of course not.
Now, how did you come to this number? Arbitrary and just to toss an impressive apocalyptic percentage, right?
But, since of course I was joking with the 400 reasons, apart from the typical fee problem, do you have some others?
Because ... you see.. BCH and DOGE and all the other 1400 altcoins are dropping and they don't have a fee problem.
Would you please enlighten this poor noob with an explanation? (I don't require a 400 words essay on it)
They're all dropping because they're all tied to BTC... you should already know this.
I have to agree with the argument that BTC is super inflated. There are just too many problems with BTC for it to be a working solution for the world to adapt.
The biggest problem I have is that less than 100 people own more than 40% of the coins. How does this make it decentralized? Those individuals can manipulate the entire market at will.