This article has about the same amount of substance to back up his opinion as the ones on many sites that claim that BTC will be worth and goes to show you that there are those on both sides of the BTC value that just espouse speculative value to espouse speculative value.
Why bitcoin may soon be worth nothing:
I thought wed finally get rid of bitcoin. But the fake currency, which I like to call bitcon, just wont fade away.
Bitcoins price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.
I use the term worth cautiously because bitcoin is really worth nothing, since its backed by nothing or no one. Its a confidence game that has value only because people are convincing other people that its worth something.
Got it! Ponzi scheme. Confidence game. Fraud.
Anyway, bitcoin is headed for a value of zilch. Its only a matter of when.
Source:
https://nypost.com/2018/07/04/why-bitcoin-may-be-soon-worth-nothing/Just as expected and we can really read up positive and negative words from different side. Some would be optimistic and some would be negative at all times. We do have our own will to judge but I would ask you this. Why you are on this forum by the way? This is a bitcoin forum and if you don't trust up btc itself then this forum wont suited you out.
As a bitcoin enthusiast we do able to know on whats the risk behind and its movement so its not really surprising at all as long you can utilize the volatility you can make money.