Bitcoin Will always Survive | Bitcointalksearch.org

legendbtc

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Quote from: Z390 on May 11, 2024, 05:17:48 AM

Quote from: peter0425 on May 10, 2024, 04:16:27 AM

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It will be hard to see anything that could be bad news for Bitcoin from now on, oh, unless Trump loses this coming election, there are now a new sizable amount of investors ( institutions ) who have bought BTC ETFs, also more buying powers lies ahead since many institutions have not even started buying yet.

But what does Trump's loss in the upcoming election have to do with bitcoin and why is this bad news for the markets? I really don't see any connection between Trump and bitcoin, he is not a bitcoin supporter or the creator of bitcoin. When it comes to American presidents, I really like him and would vote for him if I were American, but I don't think his defeat will negatively affect bitcoin.

I heard that he declared his support for cryptocurrency and was willing to accept election donations in cryptocurrency, but that action was just his ploy to get votes. That is not enough to prove that he will bring real benefits to bitcoin if he is elected, be careful what politicians say.

peter0425

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Quote from: BALIK on May 11, 2024, 11:49:24 PM

I've been thinking about this, I wonder if bitcoin becomes stable will people continue to support it or will most people abandon it in search of another alternative asset?

Most likely it people would go check for other alternatives when it comes to which would be the most profitable however I think bitcoin can be used as it was intended to be used. It would most likely be used just as a normal currency instead of an investment.

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From the beginning, if bitcoin had become a peer-to-peer currency, I believe it would not be as popular as it is today because not everyone cares about privacy and decentralization. In this world, money is still the top priority.

I disagree. If you had the chance to transact with people with less fees and in a more conventional way then bitcoin would still be popular.

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Quote from: AnonBitCoiner on May 11, 2024, 08:50:50 PM

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I think Bitcoin is not stable and due to its unstable nature we are able to make profit from it but if its value was stable then we will not be able to make money through Bitcoin investment.

I've been thinking about this, I wonder if bitcoin becomes stable will people continue to support it or will most people abandon it in search of another alternative asset? Many people always claim they love bitcoin because it is decentralized, gives them privacy... but I believe the biggest purpose is still profit, not because of any other factor. So, if bitcoin is no longer volatile and no longer profitable, I think there will be a majority leaving bitcoin.

From the beginning, if bitcoin had become a peer-to-peer currency, I believe it would not be as popular as it is today because not everyone cares about privacy and decentralization. In this world, money is still the top priority.

AnonBitCoiner

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Quote from: AVE5 on May 09, 2024, 11:30:41 AM

Bitcoin would keep staying on top other coins because it's a reputable crypto currency and most largest in a scale of adoption that has also attained the greatest security mechanized features and also the potentialities to maintain stable valuability.

Many years have passed but from the start of development Bitcoin is the king of all crypto coins and still it is one of the most acceptable coins due to which no other coin has ever taken the place of Bitcoin.

In case of security there is no more better secure asset than Bitcoin and the access to your Bitcoin investment is only possible if you have security keys with you.
I think Bitcoin is not stable and due to its unstable nature we are able to make profit from it but if its value was stable then we will not be able to make money through Bitcoin investment.

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Quote from: peter0425 on May 10, 2024, 04:16:27 AM

Quote from: Awaklara on May 10, 2024, 03:23:43 AM

except for those who are just starting to enter and those who are still looking for information and happen to meet people who don't like Bitcoin.

People who hate bitcoin will always have a biased opinion regarding it whatever kind of news they get. They just refuse to accept the facts and continue to believe what they want to believe. I really do not understand those who hate bitcoin.

There’s absolutely no harm in not investing so I do not know why they refuse to just mind their own business and let those who are interested in investing in crypto do what they want to do. I don’t think bitcoin is that much of a threat to the common good so why hate it?

Should we even try to understand them? I don't think so, I have two elder brother who still believe that Bitcoin is nonsense, they feel better when they heard what Elizabeth Warren said about Bitcoin and they told me to be careful keeping Bitcoin, also the news about banning Bitcoin is coming back again in the country, this is giving them joy somehow, as if I will lost my way after these.

But I thought to myself, it is not the first time and won't be the last time either, what I feel is that they aren't happy about how well Bitcoin has changed my life, if you can't beat something aren't you supposed to join? Many people in this world are just dumb, regardless of age, because age is just a number.

It will be hard to see anything that could be bad news for Bitcoin from now on, oh, unless Trump loses this coming election, there are now a new sizable amount of investors ( institutions ) who have bought BTC ETFs, also more buying powers lies ahead since many institutions have not even started buying yet.

blckhawk

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I don't agree with this one, the points that are being pointed out doesn't regard every other factor that might cause bitcoin to crash a global disaster for one could easily do that elimination of bitcoin, just big monsoons, storms/typhoons and tornadoes and you'll see that things are so easy to destroy and how fickle and weak our technology is to the elements. Maybe in terms of the tech and financial related attacks, bitcoin might be able to withstand those but other things, that's going to remain to be seen before we can say for sure. Even all the stuff that you're talking about OP are pretty much things that remain to be seen to prove that bitcoin really is what you think it is.

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Quote from: peter0425 on May 10, 2024, 04:16:27 AM

Quote from: Awaklara on May 10, 2024, 03:23:43 AM

except for those who are just starting to enter and those who are still looking for information and happen to meet people who don't like Bitcoin.

People who hate bitcoin will always have a biased opinion regarding it whatever kind of news they get. They just refuse to accept the facts and continue to believe what they want to believe. I really do not understand those who hate bitcoin.

There’s absolutely no harm in not investing so I do not know why they refuse to just mind their own business and let those who are interested in investing in crypto do what they want to do. I don’t think bitcoin is that much of a threat to the common good so why hate it?

We don't expect everyone to like Bitcoin. There are people that would still hate even though the government makes it legal for payment of services. Bitcoin is a peer to peer digital money that do not need a third party to process the transaction.
When looking at it on how everything about Bitcoin is broken down, there are people that are ready to influence others not to invest in Bitcoin. There are so many people who had become a millionaire buying and holding Bitcoin for long now.

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Quote from: MarissaLopez on May 09, 2024, 08:36:04 AM

Bitcoin is recorded as the first and most well known crypto currency in the world.

You might be surprised but Bitcoin is not the first cryptocurrency, the first cryptocurrency was eCash, created by DigiCash in 1990 but Bitcoin is the first cryptocurrency that had the best start and managed to take over the financial world and move it to another level.

Quote from: MarissaLopez on May 09, 2024, 08:36:04 AM

Decentralized Nature: This means that no single entity such as a government or bank has control over it,and this makes it resistant to corruption or interference by any centralized authorities.

Bitcoin is decentralized by nature but it's not resistant to corruption and it's not prone to centralized authorities. In theory, with lots of power and finances, it's possible to gain significant control on Bitcoin.

I don't know if Bitcoin lasts forever but it's definitely going to last a long time.

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Quote from: bitterguy28 on May 10, 2024, 03:10:09 AM

for those who says that bitcoin will die or will be gone in time are those who wanted to have a big chance of buying more chunks of bitcoin when the market falls badly and this is their advantages.
bitcoin is here to stay though we do not know how much it will grow in the long years but at least in our lifetime it will stay like what we did in the past 14 years.

Totally agree with what you said, they continue to use issues that are not good for everyone to believe in. Bitcoin cannot possibly be lost and will survive forever, because the creator has released all his technology from the pursuit of international financial institutions or the world that does not like this asset.

Yes, if you look at history from the beginning, Bitcoin is no longer just an arbitrary asset, Bitcoin has been able to compete with other assets such as large stocks in the investment world. If you look at the development of world stock growth and bitcoin, I think bitcoin has increased much faster so far.

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Quote from: bitterguy28 on May 10, 2024, 03:10:09 AM

Quote from: GideonGono on May 09, 2024, 04:22:50 PM

Quote from: kentrolla on May 09, 2024, 09:20:18 AM

Keeping the technical aspects aside in layman's terms I would say it has survived for over a decade and faced all sort of challenges from being threatened to be banned to being called scam and being targeted as a medium of terror funding but it has survived of of these accusations and sabotage that's itself is enough for us to understand Bitcoin is not a bubble or weak asset and it would continue to sustain.

Yep, and for me with all those years and challenges it proves that it is here to stay.
So many controversy, negative accusations and fake news has come but it is still standing tall, and the best part is even all those negativity it manage to climb up and always shows community that it would come back higher every time it falls down.
The price just keeps on bouncing higher setting new records of ATH every cycle.

for those who says that bitcoin will die or will be gone in time are those who wanted to have a big chance of buying more chunks of bitcoin when the market falls badly and this is their advantages.
bitcoin is here to stay though we do not know how much it will grow in the long years but at least in our lifetime it will stay like what we did in the past 14 years.

Bitcoin has experienced even greater DIPs in the past, these are just mere short-term market fluctuations, and I believe those who are considering Bitcoin for its long-term potential are not moved by the current fluctuations because they are all certain about the fact that it'll recover and surpass it's current ATH.

The only people that are mostly affected by this DIP are those who are considering Bitcoin for its short-term gain. Trying to time the market to see when the right time is to buy and to sell is a good example of considering Bitcoin for its short-term gain, which is a very unhealthy approach because when you've tried to predict the market and the market goes the opposite direction, it'll stir up your emotions and when that happens, you could end up making uninformed and illogical decisions.

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Quote from: Nothingtodo on May 10, 2024, 11:12:25 AM

The survival of Bitcoin will depend on the acceptance i.e. if people all over the world can accept the acceptance and universality of Bitcoin then Bitcoin will survive in the world. Moreover, due to the limited supply of Bitcoin, there is no possibility of inflation of the Bitcoin currency. Also it's completely decentralized so no third party can control it so I think for now if there are no other issues Bitcoin has the potential to last the world generation after generation.

I'm sure till today, not all people over the world already accept Bitcoin, Warren Buffet is among them.

I really doubt Bitcoin will keep completely decentralized till the last world generation because every halving events makes Bitcoin no longer profitable to mine for small miners. So, it's only big mining farms in country with cheap electricity will survive.

Nothingtodo

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The survival of Bitcoin will depend on the acceptance i.e. if people all over the world can accept the acceptance and universality of Bitcoin then Bitcoin will survive in the world. Moreover, due to the limited supply of Bitcoin, there is no possibility of inflation of the Bitcoin currency. Also it's completely decentralized so no third party can control it so I think for now if there are no other issues Bitcoin has the potential to last the world generation after generation.

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Quote from: bitterguy28 on May 10, 2024, 03:10:09 AM

for those who says that bitcoin will die or will be gone in time are those who wanted to have a big chance of buying more chunks of bitcoin when the market falls badly and this is their advantages.
bitcoin is here to stay though we do not know how much it will grow in the long years but at least in our lifetime it will stay like what we did in the past 14 years.

If someone said that just to have the opportunity to buy more Bitcoin at low prices, it would reflect that he is a big liar. But because this is only said with his mouth without revealing what is in his heart, the person is not considered a liar even though one day this will be proven when he starts to like buying Bitcoin at low prices. Because actually a person like that is someone who likes Bitcoin, just because he can't afford to buy it at a high price, he starts looking for ways to say bad things about Bitcoin.

legiteum

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Bitcoin will "survive" in the same way IBM mainframes have "survived". There's no reason Bitcoin won't stay around forever.

As for whether it will remain at this price level, or drop to $100 or go to $100,000, well, that's anybody's guess.

But when it comes to technology, centralized is the future of digital currency. The blockchain architecture doesn't solve any problems large numbers of people have. A centralized architecture is faster, cheaper, more secure, and can scale to the level that will replace every single monetary transaction that happens every day between humans.

But Bitcoin still "works" just fine, just like the IBM mainframes that power many banks do. But digital currency is still very young, and we haven't yet seen the equivalent of the PC let alone the iPhone in this business. There will be major changes yet to come.

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Quote from: Blitzboy on May 10, 2024, 08:29:09 AM

The way Bitcoin bounces is unique. It proves this isnt a fad but a financial revolution. Bitcoin persists despite doubts, government control, and market chaos. That resiliency is decentralization's power. Bitcoin is owned by anyone, therefore no single point of failure. The system is powerful because its administered by and for the people.

The real genius is security and limited supply. Bitcoin's advanced cryptography makes it nearly unhackable. Trust grows from safe transactions. Since there will only be a limited supply of Bitcoin, governments cant create more and manipulate its value. This gadget is built to last, and more people utilizing it will increase its value. Its thrilling to be discussing a potential international currency's early days!

You are truly a writing genius, reading what you describe about bitcoin makes me feel like bitcoin is perfect like god, without any drawbacks and bitcoin was created to heal this world, LOL.

If you think bitcoin cannot be manipulated, can you explain to me why it has such high volatility, can go up and down 10%-20% with just one news about inflation, or a fake news spread in the market? With an asset capitalization of only 2 trillion USD, smaller than the market capitalization of an American technology company, and this is a free market. How can the market avoid being manipulated?
You're right, the government probably won't have time to manipulate bitcoin, bitcoin is being manipulated by market makers, whales, sharks, not the government.

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The way Bitcoin bounces is unique. It proves this isnt a fad but a financial revolution. Bitcoin persists despite doubts, government control, and market chaos. That resiliency is decentralization's power. Bitcoin is owned by anyone, therefore no single point of failure. The system is powerful because its administered by and for the people.

The real genius is security and limited supply. Bitcoin's advanced cryptography makes it nearly unhackable. Trust grows from safe transactions. Since there will only be a limited supply of Bitcoin, governments cant create more and manipulate its value. This gadget is built to last, and more people utilizing it will increase its value. Its thrilling to be discussing a potential international currency's early days!

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Quote from: AVE5 on May 09, 2024, 11:30:41 AM

Quote from: MarissaLopez on May 09, 2024, 08:36:04 AM

moreso reasons why Bitcoin will likely survive are thus

Bitcoin would keep staying on top other coins because it's a reputable crypto currency and most largest in a scale of adoption that has also attained the greatest security mechanized features and also the potentialities to maintain stable valuability.

you can't really tell for sure, reason is because you don't know if there are still upcoming coins that can take the position of bitcoin, you can't really predict what will happen in years coming. However let's take for instance when bitcoin has no value, have you ask yourself that when bitcoin has no value which coin was at the top Before bitcoin came to take the place? you need to think about this before saying that bitcoin will keep staying at the top there are still a lot of coins that are yet to be listed in the market, you can't really predict the future of those coins not until they are listed you don't know if they can overtake bitcoin, so all we need to do is to keep watching and see what will happen in years to come. I'm not saying that bitcoin won't survive but rather i don't think if bitcoin will still remain at the top forever.

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Quote from: MarissaLopez on May 09, 2024, 08:36:04 AM

Although there are certain risk factors involved with Bitcoin but it's not been limited by that and most likely will tend to survive and thrive in the future,moreso reasons why Bitcoin will likely survive are thus;

1. Decentralized Nature
2. Security
3. Limited supply
4. Potential adoption.

The main reason for Bitcoin to survive is because it is decentralized. There is no body that can claim to be the father of Bitcoin apart from its true father, Satoshi. I was reading a very old thread and one person said in his comments, "To bring down Bitcoin entirely, then Satoshi needs to be captured". Since Bitcoin is not being controlled by anybody in particular, like the way this forum is being managed by a known moderator, then Bitcoin can not be brought down.

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Quote from: peter0425 on May 10, 2024, 04:16:27 AM

Quote from: Awaklara on May 10, 2024, 03:23:43 AM

except for those who are just starting to enter and those who are still looking for information and happen to meet people who don't like Bitcoin.

People who hate bitcoin will always have a biased opinion regarding it whatever kind of news they get. They just refuse to accept the facts and continue to believe what they want to believe. I really do not understand those who hate bitcoin.

There’s absolutely no harm in not investing so I do not know why they refuse to just mind their own business and let those who are interested in investing in crypto do what they want to do. I don’t think bitcoin is that much of a threat to the common good so why hate it?

The potential adoption has been happening worldwide for several years, actually. Many countries have adopted Bitcoin and made it payment options in their respective businesses, even merchants who have adopted Bitcoin.

And until now, there are probably still many people who think that bitcoin is a threat to their country, so they don't want it, even though there are only a few countries that somehow recognize bItcoin.

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Quote from: bitterguy28 on May 10, 2024, 03:10:09 AM

for those who says that bitcoin will die or will be gone in time are those who wanted to have a big chance of buying more chunks of bitcoin when the market falls badly and this is their advantages.
bitcoin is here to stay though we do not know how much it will grow in the long years but at least in our lifetime it will stay like what we did in the past 14 years.

Trust me, there will be always anyone saying Bitcoin will die every time the price of Bitcoin is crashing. Grin

And even though this happens continuously but is not proven, one day they will still say the same thing. This idea is not something to be afraid of, but more like their dislike and desire to worsen Bitcoin's image, but they still can't. Because Bitcoin is Bitcoin, its meaning will still exist and will not die easily just because of various issues that have hit it so far.

We have experienced various Bitcoin cycles, from bearish to bullish and vice versa. And how Bitcoin has experienced periods of increases, crashes and sideways. Everything has its time. So, we no longer need to feel panic in any situation.

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