why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.
Bitcoin has become very popular that's why there is so much demand for Bitcoin. As time goes by, more and more popularity of Bitcoin will increase and if the popularity increases, the price of Bitcoin will increase. People who use Bitcoin trust Bitcoin for which they invest in Bitcoin. And if If you didn't believe in Bitcoin, you wouldn't invest.
Topic: Bitcoin Will always Survive (Read 1143 times)
My main reason is because currently the digital era is more advanced and all transactions are digital without having to pay directly, therefore Bitcoin can survive and be more successful even though we have to be careful in digital transactions.
bitcoin will survive even when the government bans it because you can't stop someone's freedom to access bitcoin and use it in their transactions. even in a country like bangladesh that bans bitcoin, there are still many people who use bitcoin for their transactions, even though breaking this rule can result in someone being imprisoned, but people are not afraid of it. this is one of the reasons why bitcoin will survive because even at its lowest point there are still many people who want to use it in their transactions and that's what keeps bitcoin alive.
Bitcoin cannot be regulated by governments. Bitcoin is still being used in countries where it is banned due to lack of government control. It is banned in Bangladesh because most people here don't know about Bitcoin and people here are not that much aware about modern technology. If the people of this country know that there is a possibility of future profit from Bitcoin then they will invest here without realizing it. So the government of that country has banned Bitcoin to prevent people from getting scammed. But the government of all the major developed countries with bans have a different thinking because the majority of their people can keep their money in the bitcoin because the country's economy may collapse so they could ban Bitcoin. Bitcoin is widely used in all countries and will remain so. 
bitcoin will survive even when the government bans it because you can't stop someone's freedom to access bitcoin and use it in their transactions. even in a country like bangladesh that bans bitcoin, there are still many people who use bitcoin for their transactions, even though breaking this rule can result in someone being imprisoned, but people are not afraid of it. this is one of the reasons why bitcoin will survive because even at its lowest point there are still many people who want to use it in their transactions and that's what keeps bitcoin alive.
why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.
Many are a bit worried now, seeing that BTC has experienced a very large increase from the beginning until now, especially if BTC owners carry out massive selling actions, causing the market to collapse.
But apart from all the concerns mentioned above, I'm sure BTC will always be here, especially for those who believe in BTC and for those who don't believe it probably won't last long and will continue to abandon it.
why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.
Bitcoin has become very popular that's why there is so much demand for Bitcoin. As time goes by, more and more popularity of Bitcoin will increase and if the popularity increases, the price of Bitcoin will increase. People who use Bitcoin trust Bitcoin for which they invest in Bitcoin. And if If you didn't believe in Bitcoin, you wouldn't invest.At certain moments? Bitcoin transaction fees are always a little expensive. But despite how much the fee gets too, it beats the banks because the transaction fees is the price you pay for owning your money. And it’s not necessarily faster because it depends on how much transaction fees you’re willing to pay. The more you pay the faster it is, less you pay then prepare to receive the Bitcoin you transferred but in 12 hours or more.
Not always. Only when there's hype. After the dust settles, fees go back to acceptable levels. The Ordinals and halving craze can't last forever. If you're smart, you'd take advantage of the low fees to open a channel on the Lightning Network. You won't have to worry about fees rising anymore, as fees on the LN stay low forever. Assuming the channel stays open until on-chain fees decline again.
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I think that I used the right words, that’s why I said “always A LITTLE expensive”. Outside being a little more expensive is it being very expensive like when the fees grew as much as $50. I’m not sure if we can get the fees to be as low as a few cents, but despite what the fees are, it’s worth the decentralization. It’s just not realistic for lower amounts at that point.
At certain moments? Bitcoin transaction fees are always a little expensive. But despite how much the fee gets too, it beats the banks because the transaction fees is the price you pay for owning your money. And it’s not necessarily faster because it depends on how much transaction fees you’re willing to pay. The more you pay the faster it is, less you pay then prepare to receive the Bitcoin you transferred but in 12 hours or more.
Not always. Only when there's hype. After the dust settles, fees go back to acceptable levels. The Ordinals and halving craze can't last forever. If you're smart, you'd take advantage of the low fees to open a channel on the Lightning Network. You won't have to worry about fees rising anymore, as fees on the LN stay low forever. Assuming the channel stays open until on-chain fees decline again.
BTC can survive if it stays decentralized and censorship-resistant. Institutional investment comapanies and CEXs might acquire most of the circulating supply, but they'll never be able to participate network consensus. Hopefully, miners aren't bought (bribed) in the long run. We can't predict the future, so lets hope for the best.
why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.
Bitcoin has become very popular that's why there is so much demand for Bitcoin. As time goes by, more and more popularity of Bitcoin will increase and if the popularity increases, the price of Bitcoin will increase. People who use Bitcoin trust Bitcoin for which they invest in Bitcoin. And if If you didn't believe in Bitcoin, you wouldn't invest. 
The only issue about potential adoption is the high transaction fees. I think Bitcoin would be more valuable if transaction fees were really tiny and one can make a $1 transaction and receive at least $0.99. Some people who implemented it took it out for as ample as this reason. Because you have to wait for the transaction, yet, you pay some really high fees.
In terms of mass adoption of Bitcoin, the issue of costs should not be a barrier that should be used as the main reason, because the amount of costs that you give is a very small amount and even in some countries such a small amount cannot buy a piece of candy
. What I want to convey is that you can pay attention to these fees with the amount of Bitcoin that you will bring into the transaction, you will definitely find a difference in the amount of fees based on the number of Bitcoin units that you transact so I assume that this is always adjusted by the amount that we transact. So this should not be a reason to stop our own desires in terms of adopting Bitcoin at this time and forever.After all, and all the factors concerning the adoption, still, no reason why Bitcoin will never survive. As long as Bitcoin remains useful to the community, it still gets strong support. Of course, corrections happen always but it recovers then because that is how it works. Some are selling and dropping the price but on the other side, some are also buying and uplifting the price again.
Well, actually, what you mentioned is correct, pal. As long as there are people who support Bitcoin and believe in it, it will really survive. Just like in the food business industry, as long as there are people who are hungry, there will definitely be food at your food business.
It's the same with Bitcoin. As long as there are people who believe that Bitcoin is a good long-term investment and even in the short term can make a profit from Bitcoin, Bitcoin will really survive, but once those who believe and support Bitcoin disappear for sure, it will not be able to survive.
Well, for those who want to use it as a means of payment, that’s the challenge. There’s that need of it being able to be sent in a short time and at a tiny cost. While Bitcoin wasn’t designed to compete with how other transactions are carried out (speed and cost), user would appreciate it was faster and cheaper all at once.
That is the beauty of the technology in BTC. There are many things that can be used from the technology, its characteristics also make it easier for users if needed at any time. for example, in sending and for Bitcoin transactions, it is recognized that it is faster and cheaper, but at certain moments the fees are a little expensive, even if the network is congested and congested.
Well, to survive, as OP also asked above, I think it has become an open secret. As long as you are a user, BTC demand will continue to move and become more expensive in the future.
Nowadays with the increase in the value of bitcoin the demand for bitcoin is increasing and it has become a part of many societies. Many countries around the world are supporting bitcoin. The use of bitcoin is possible through the Internet so bitcoin will continue as long as the Internet exists. With the advancement of technology the internet is advancing further.
Yes you are right that bitcoin is dependent on the availability of the internet however do not disregard the fact that the government can easily cut off all our internet and even ban certain websites or applications no matter how widely used they are all around the world.Just take China for example they were able to censor different kinds of content using their firewall. Facebook, Instagram, even Gmail are some of the biggest used platforms in the world but is banned in China. Of course I am sure there are plenty ways to slip through its security but I am sure that no one will appreciate extra steps just to do access something. Not to mention the possibility of the government finding out.
I think it's clear that nations realized that taxing it instead of banning it would be a better thing. That's what a lot of states are doing at USA right now regarding even weed, if 50+ years of spending tens of billions of dollars failed to stop it, might as well make it FDA approved and legal to tax so there would be benefits for the public at the very least of it.
why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.
That is the simplest reason because there are many people who hold bitcoin with a better level of confidence. Bitcoin has gone through several bad events from economic problems, starting from Covid to problems with inflation and recession, but Bitcoin's strength in defending itself needs to be appreciated. Bitcoin is the king of other coins because its price continues to increase and even ETH which has a fairly large market capitalization is not able to surpass it. There is a greater level of trust in bitcoin and now people see bitcoin as the best asset ever. This level of trust is what makes bitcoin increasingly sought after and people begin to see the opportunity to reach the stage of financial freedom from their bitcoin investments. When compared with the previous system, even though bitcoin is very speculative, bitcoin has a much greater level of superiority.
why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.
The only issue about potential adoption is the high transaction fees. I think Bitcoin would be more valuable if transaction fees were really tiny and one can make a $1 transaction and receive at least $0.99. Some people who implemented it took it out for as ample as this reason. Because you have to wait for the transaction, yet, you pay some really high fees.
In terms of mass adoption of Bitcoin, the issue of costs should not be a barrier that should be used as the main reason, because the amount of costs that you give is a very small amount and even in some countries such a small amount cannot buy a piece of candy
. What I want to convey is that you can pay attention to these fees with the amount of Bitcoin that you will bring into the transaction, you will definitely find a difference in the amount of fees based on the number of Bitcoin units that you transact so I assume that this is always adjusted by the amount that we transact. So this should not be a reason to stop our own desires in terms of adopting Bitcoin at this time and forever.After all, and all the factors concerning the adoption, still, no reason why Bitcoin will never survive. As long as Bitcoin remains useful to the community, it still gets strong support. Of course, corrections happen always but it recovers then because that is how it works. Some are selling and dropping the price but on the other side, some are also buying and uplifting the price again.
Nowadays with the increase in the value of bitcoin the demand for bitcoin is increasing and it has become a part of many societies. Many countries around the world are supporting bitcoin. The use of bitcoin is possible through the Internet so bitcoin will continue as long as the Internet exists. With the advancement of technology the internet is advancing further. If the internet stops the world will become useless bitcoin's acceptance is increasing as its use increases bitcoin will expand further.
Even though the internet exists but if there is a bitter and selfish government, people can't still use it. There are also calamities and other events like wars, that can affect our BTC use. If the internet stops, the world will still be functional because we don't even have an internet on the past but maybe a lot of people are going to get affected negatively for a while, since I believed that many business are now tied into it.The use of BTC is still the same, though yeah that its acceptance have gotten wider now. Let's only hope that this momentum of BTC continues, so that we can also only enjoy at all times using the generous amounts of profits that we can get out of it.
They have the power to cut off possible way for users to use it that's why lets hope for the best that our government will not have any negative mindset just like other country leader aim to stop bitcoin dominance and they want to insert their own interest. But for sure majority will always have final say regarding on this since if we see those officials doing power tripping and disallow user to use bitcoin then we have power to eliminate them via voting so next time if people will just unite together that they should use those bitcoin friendly politician then we can be more better with that.
But I guess we cannot experience this since so far we can see that bitcoin is doing well and I think negative minded politicians can stop this since majority will always win also for sure that they will not make a bad move because it will cost something to them and might they cannot get a seat on government again.
Nowadays with the increase in the value of bitcoin the demand for bitcoin is increasing and it has become a part of many societies. Many countries around the world are supporting bitcoin. The use of bitcoin is possible through the Internet so bitcoin will continue as long as the Internet exists. With the advancement of technology the internet is advancing further.
Yes you are right that bitcoin is dependent on the availability of the internet however do not disregard the fact that the government can easily cut off all our internet and even ban certain websites or applications no matter how widely used they are all around the world.Just take China for example they were able to censor different kinds of content using their firewall. Facebook, Instagram, even Gmail are some of the biggest used platforms in the world but is banned in China. Of course I am sure there are plenty ways to slip through its security but I am sure that no one will appreciate extra steps just to do access something. Not to mention the possibility of the government finding out.
Nowadays with the increase in the value of bitcoin the demand for bitcoin is increasing and it has become a part of many societies. Many countries around the world are supporting bitcoin. The use of bitcoin is possible through the Internet so bitcoin will continue as long as the Internet exists. With the advancement of technology the internet is advancing further. If the internet stops the world will become useless bitcoin's acceptance is increasing as its use increases bitcoin will expand further.
Even though the internet exists but if there is a bitter and selfish government, people can't still use it. There are also calamities and other events like wars, that can affect our BTC use. If the internet stops, the world will still be functional because we don't even have an internet on the past but maybe a lot of people are going to get affected negatively for a while, since I believed that many business are now tied into it.The use of BTC is still the same, though yeah that its acceptance have gotten wider now. Let's only hope that this momentum of BTC continues, so that we can also only enjoy at all times using the generous amounts of profits that we can get out of it.
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.
Bitcoin is already surviving every stumbling blocks on it's way to becoming the dominant digital cash, that will take over from all the digital fiat. In the early days of it's creation, people were skeptical about it, including me, it was called a Ponzi scheme in my locality, but as the years went by, it's reputation has continued to increase and more people have seen that it's a store of value, hence the adoption continues to grow. Although I believe that most people that hodl Bitcoin, is for investment purposes, to collect profits from it, because it's an asset that continues to increase in value, hopefully in the future, it'll be used more as a digital cash to make payments for items.I do not doubt the existence of bitcoin, simply because I am a bitcoin investor. I believe that it will not only last, but in the future it will become as popular an asset as gold or more. But to expect it to become a means of payment or become a currency, I don't think that will happen. Transaction fees as well as bitcoin processing speed are issues for it to become a currency. If it were you, would you be willing to spend a few extra dollars as transaction fees when your bills are only worth a few dozen dollars, let alone bills that are only a few dollars? Second, governments will never accept a currency that is not controlled by them, which not only makes it impossible for them to control the people but also makes it difficult for them to control the economy. It's hard to believe that bitcoin will become a currency in the future while it remains a decentralized asset.
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.
Bitcoin is already surviving every stumbling blocks on it's way to becoming the dominant digital cash, that will take over from all the digital fiat. In the early days of it's creation, people were skeptical about it, including me, it was called a Ponzi scheme in my locality, but as the years went by, it's reputation has continued to increase and more people have seen that it's a store of value, hence the adoption continues to grow. Although I believe that most people that hodl Bitcoin, is for investment purposes, to collect profits from it, because it's an asset that continues to increase in value, hopefully in the future, it'll be used more as a digital cash to make payments for items. Jump to: