Topic: Bitcoin is highly uncertain - page 2. (Read 245 times)

It's very simple, in short, Bitcoin was created to alternate fiat but not to compete fiat or to beat it.
Privacy and security were the main purposes why it was created because we know how the banks use our own money for their own business and we also don't have full control of it.  Unlike Bitcoin, you have full control of it.

However, Bitcoin enthusiasts now prefer Bitcoin as a more valuable and they store value which isn't the main purpose of why it was created.
It seems they think Bitcoin was created to have promising profit.

We are not having bitcoin today because we wanted to fight for it to stay and kicked against fiat currency and the government, but we want the reality to show by it's self from the people's decision, bitcoin was created to be as an alternative digital currency that everyone can use to perform their financial economy activities, it's by choice and not by force, the people see the needs for it and keep to it adoption and nothing more.

This is very much uncertain and that is where the doubt of whether bitcoin will make it in the long run lies, but with all progress of it so far, it doesn’t looks like it is going to die anytime soon. Paper money has been in existence for than a century and bitcoin is just a decade now, replacing the later with the former is not something that is even imaginable to happen, they can be used alongside the same time, but complete replacement is not what is even envisioned. Bitcoin was not introduced to replace paper money but to serve as alternative to it and if it can achieve that goal globally, there’s no need to eliminate the use of paper money because not everyone is now or will be computer literate in decades to come still.


Paper money won’t be out of the bank, don’t even think about it because it is not something that is going to happen either now or later in the future. Elimination of paper currency will not in anyway help in bitcoin acceptance or more adoption, but will make things hard for more people that have not exposed to the digital world. Bitcoin is for everybody but not everyone is technological inclined to use the digital currency for day to day activities. If the government wants to eliminate paper money and use on the digital currency, he will have to create an enabling environment for all to be able to use them too. That alone will cost him a lot and will prefer using that money into improving the economy of the country.

It seems you are unaware of bitcoin and cryptocurrencies development over the years and it baffles me that there are still few people who don’t believe in bitcoin. Bitcoin have survived despite being kicked against and the negativity shown to it by the government, all this proves how strong bitcoin is to withstand negativity. Over the years since bitcoin’s existence it have always progressed positively and till date it’s still progressing, nothing can be achieved overnight especially when you have the entire Government against you so it is a gradual process something and gradually bitcoin will be accepted generally.

Years back no country was in support but after understanding its concept and the advantages that it offers several contries have now accepted it and in a few years more countries will do so until it is generally accepted Globally.

Is it possible to beat paper money? Understand nothing is impossible with bitcoin and until everyone fully understands it concept bitcoin will keep growing. Before the introduction of paper money there were other means of payment before and paper money came in and beat them all despite having so many flaws which bitcoin have solved perfectly so it is only a matter of time.

Yes but in terms of what? Usage as an investment or store of value, as a means of payment or what actually?

If it's about replacement the entire paper money. It is unlikely to happen. A decade could be long on this one but we will never know the progress and innovation with that.

But even with great and quick adoption of Bitcoin, I think that there will still be a lot of people that will never understand what Bitcoin is and won't be using it as a means of payment and transfer and will still rely on the paper money/fiat.

Yes people accepted AI existence happily because we are using it in our lives and even at work but isn't that the same with Bitcoin? I am using Bitcoin as my digital gold and its a good store of value too, that's why most of my money is in Bitcoin, I don't know about you.

If AI is so great like you said why haven't a AI project robbed the 1st rank from Bitcoin already? I dare every AI projects in existence today to try it, and good luck with that, Bitcoin been the true decentralized digital currencies beats every other utilities combined, I don't blame you, not many people know how crucial been decentralized is in a centralised planet.

Fully decentralization beats AI, Metaverse and others combine, that's why you can't see any other projects that are real decentralized, they pretend to be and that includes AI projects too, some claimed to be decentralized, they are really not, it's all a lie, trying to walk in the shadow of Bitcoin.

AI acceptance falls in the category of been totally controlled by the government, it's what over half of the world wants, to be under the control of the government, people like them won't see the potential of Bitcoin anyway.

Since September 2021

Even though it's not necessary means El Salvador can control Bitcoin, but they do adopt Bitcoin which is decentralized and they could control a part since Nayib Bukele keep accumulating Bitcoin.

The acceptance and effect might not be big since El Salvadorian still choose to use USD, but it can be a proof if Bitcoin can become a legal tender.

Firstly Op this topic should be in beginners and help section.
Secondly your topic sounds more like you are trying to say Bitcoin is uncertain and can dip at any time.

Bitcoin is not wildly used as an official payment currency in majority of countries because, the government do not want it due to the fact that Bitcoin is decentralized and therefore they have no control over it. And since when did the government ever adopt something they know they can't control? Never!

some people believe that cryptocurrencies could play a more significant role in the future, it's challenged to paper money for using in future but is it really possible to beat paper money for Bitcoin ? Prediction about Bitcoin is more complicated rather other cryptocurrencies.will it possible entirely replace traditional paper money in the next 10 years where few countries already taken step and work for vision 2030.AI and others developed technology already worked in it and people accepted happily.Public acceptance will heavily influence in every invention.It's essential for me to understand what will happen if the paper money is out of Bank how people survive with new currency ?