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/You have done well in that even if you are an enthusiast, for the mere fact of bring such discouraging news to the forum shows that you are doing more in promoting the prediction of the article than you imagine as this could cause a spike in the mind of one newbie that is trying hard to get a footing and for a article to have been linked to New York times would give it the publicity and credibility to cause the intended panic of the writer. I am however glad that since the time this was posted, the market has rendered this impotent just like every other article that have been written against the continued popularity of bitcoin and when we face another downward there would be more of this and we will still prove them wrong.