Topic: Bitcoin Will always Survive - page 3. (Read 1084 times)

You are correct about this, if it is a selective government clamping down on cryptocurrency, it will never be efficient and even the citizens and residents will be in that same country doing cryptocurrency...lol This is so possible with VPN and other ninja tools and they will never be able to suspect them not to mention of tracing them to face the law. Even in China, many people are doing cryptocurrency despite the tough stance of the government about it. This is to the point that early this year, China's central bank warned that hundreds of billions of USDT were transacted within a year, even as recently, an illegal underground banking operation transacting in the USDT was raided (https://www.theblock.co/post/294777/china-busts-1-9-billion-underground-banking-operation-using-usdt). Can you imagine? This means that a selective country clamping down on cryptocurrency cannot work but coordinated clamping down on it. This was what birthed my reply to the OP, even as he never mentioned a selective government but generalised them.

Of course, it does not escape their eyes, especially if it is legal and recognized as in El Salvador. Yes. So far the stage of development of BTC in terms of adoption shows a good level of development where currently when looking at the development of considerable interest also whether from various countries that have carried out reforms in terms of following the development of the digital-based financial world and institutions, both large and small.

True, we should not be too quick to draw conclusions and hope that by investing in BTC we will get rich quickly, because everything takes time and process and on the way and of course the emotion of investment if not controlled properly is very similar to market volume, this is where the assessment persists or not.

Bitcoin is a digital currency that governments of countries that have legalized Bitcoin are investing in Bitcoin with great success. But the popularity of Bitcoin is increasing day by day, people are showing interest in Bitcoin and the amount of investment is increasing. Many times it is seen that we are too hasty to invest. If we invest in bitcoin investment because of our addiction to become an overnight millionaire, we must be patient and have a long-term investment plan if we can invest in this way. I can get a lot of money from this investment. Many times we lose patience and we should not lose patience because if we invest Bitcoin with patience then through this patience we can get as much success from our investment.

That’s not actually a problem if you don’t pressure yourself on selling your coins and just hold them for a while until the market gets back to normal. After all, we don’t often experience congestion in the market and I think the developers are doing something to avoid it as much as possible.

Bitcoin will continue to survive as long as we are here to keep the demand. Otherwise, if a lot of people will leave bitcoin and shift into another crypto, bitcoin will come to its end and there’s no way it will continue to exist in the market. Just simple as that.

It will take more than 100 years from now for bitcoin mining to end. However, even if the mining ends, the miners will not withdraw from the mining because the transaction fees will be enough to fill their profit space. This means that in the near future we may be a bit concerned about Bitcoin transaction fees or congestion, but no blockchain can offer the same security as Bitcoin, which is why people looking for a decentralized platform to keep their assets safe are more likely to use any blockchain other than Bitcoin. Although the fees will be high, they will still use Bitcoin. At that time the number of investors will certainly increase and some investors may be diverted. I think Bitcoin will be in the leading position in this space for as long as there is crypto space exist.

That is only seldom to happen in the market so no need to worry of that. Instead, just invest on bitcoin on what you can afford to lose so that you will still have enough fiat left for your survival, and not to force selling when the market is congested because obviously, you will end up at loss.

Bitcoin, despite of its flaws and uncertainties, people still chose to prioritize bitcoin over altcoins. And it will continue to happen in the future most especially if majority will be educated how valuable bitcoin is, in terms of being a currency and a long term investment.

Each country does really have their own taking or views towards Bitcoin or crypto as a whole but just like you've said that they dont wanna just get left behind on the game.  
The only thing that you should bare up into your mind that there's no guarantees that you would be able to see Bitcoin would be on the top or #1. There's no certain about future and this is why always still
consider about on the involved risks and really just that invest on what you can afford to lose. Its always been that recommended that you do really know on how to make yourself that
having that diversified investment not only really just that limited to crypto or Bitcoin but also in other traditional business as well.

We dont know on how long this market would really be that existing on which it would really be still varying on the demand and recognition on which we know that Bitcoin does have the biggest support from the community and since this is the KING or Father of all crypto then there's no doubt that it would really be sitting on the top of the ranking. The only thing that we should remember is that we do really need
to have that risks management on which this is something that you would really be needing. You cant really just that make yourself that focus on a single point because once it do fails
then you do have that kind of back up.

People prefer to choose Bitcoin because its high volatility. If the price is getting stable, people won't have a chance to earn high profits anymore. Sure, many people probably leave Bitcoin, they will move to something more profitable. However, I'm sure the price of Bitcoin won't be stable, it is uncontrolled and it is purely determined by the demand in the market. If we always have high demand of Bitcoin, the price will remain increasing.

Not everyone doesn't care the privacy. I think privacy can't be compared with money. If I must choose money and privacy, I surely will choose privacy.
I believe you will do the same, right? 

Lets not act as if the government from different parts of the world hasn't had their fair share of beef with Bitcoin and the crackdown of either Bitcoin trading/mining then the crypto industry in general, an attack on the industry could be said to be an attack on Bitcoin as they're only going through the sidelines since they can't fully achieve their desires plans on killing Bitcoin.

• In 2013, China restricted financial and payment institutions' involvement with Bitcoin
• Nigeria is reportedly stepping up its cryptocurrency crackdown with a proposed ban on peer-to-peer trading. Bitcoin is the most traded crypto in Nigeria so you get my point.

There are some countries that using Bitcoin is illegal and they have their punishment for defaulters while some other countries have lifted the ban still there was a time when they didn't permit the association with Bitcoin in some way (trading or mining). My point is irrespective of how some government are trying to fight the adoption of Bitcoin, a time will come when they would have no choice but to accept it as some other countries are doing currently. Nigeria is one example and the country is not only fighting the trading of Bitcoin but crypto in general with the restrictions place on crypto trading exchanges (delisting local currency from their platforms). I know they aren't technically fighting Bitcoin but they're pushing the awareness and adoption of Bitcoin backwards with their restrictions.

What government exactly? Different governments got different takes on Bitcoin.  But most governments just wanna get they piece of the pie - track payments, tax gains, etc.  That could make Bitcoin more mainstream even if it makes the Wild West vibe fade a bit.

So yeah, some regulation seems likely but outlawing crypto probably is not happening... Except in a few countries.

1. No major world government has ever tried to "bring down Bitcoin".

2. Bitcoin is perfectly legal in almost every country in the world.

3. A major country like China could take control over 51% of the hashrate, which would give them absolute control of Bitcoin. They haven't done this because they don't want to, not because it's impossible.

I get that some people need to feel like they are "fighting the Man" when they invest in Bitcoin, but the actual fact here is that Bitcoin is as mainstream as any major US stock like AAPL or MSFT. Nobody is going to make it illegal, or is even trying. Investing in Bitcoin today is as easy as buying any normal stock.

While you might think it will help, spreading misinformation like this about Bitcoin will hinder Bitcoin's adoption as an investment and drive the price down because many serious investors won't be excited about fighting the government.

If Bitcoin hasn't survived I don't think we would had have anything like the crypto industry/altcoins or they would haven't been this popular. It's because Bitcoin is surviving so people can assume that they have a chance with altcoins by investing in them. If you're betting against any cryptocurrency to not be around in decades to come, it shouldn't be Bitcoin because it doesn't only have the first mover advantage but because of its uniqueness, if you observe there isn't any successful replica of Bitcoin. What we just have are failed wannabes and that's why Bitcoin will always have an advantage over the rest of the market.


We shouldn't consider this features to be a weakness but instead a strength because it's because of this featui that Bitcoin is surviving in the midst of all the attempts aimed at it. Without Bitcoin been decentralized, it would had been killed a long time ago. The decentralized nature of Bitcoin is restricting the government from using regulations to disrupt the growth of Bitcoin. The limited supply of Bitcoin is also among the reasons Bitcoin is been seen as a good investment by many people and its potential adoption is what is keeping the hopes high for the investors. The government has tried to bring down Bitcoin but hasn't succeeded and soon they'll have no choice but to accept defeat that they can't bring down Bitcoin.

We believe it would because it has been proven already several times. Many times it dumps and many people say it will die but they are absolutely wrong because we even see its price increasing more rather than seeing it dying. Until there is strong support from the community, we can never think about dying but instead, recovery from every drop.

You can't say that because even though we believe that Bitcoin will continue to grow and spread adoption, the future is still uncertain.
In fact, you have mentioned the possible reason already

With the amount of market capital Bitcoin has gained and the popularity it has become, it is hard to believe that Bitcoin will ever die in the future. The entire crypto market depends on Bitcoin. Many countries have declared Bitcoin as a legal currency because it will live forever and has no chance of dying. Bitcoin is a very strong currency and that's why people now trust Bitcoin more than money.  This is a huge achievement in Bitcoin so Bitcoin will never be lost unless the internet is lost

Indeed, Bitcoin is worse for privacy than pure centralized digital currencies like Haypenny currencies because of the public ledger and chain analysis.

Of the blockchain-based currencies, only products like Monera actually maintain your privacy natively.

Bitcoin gains hype and market appreciation because of its volatility and earning potential but in time is changing its course to a stable price, hell you are right, a lot will leave Bitcoin holders, even traders. That is why I no longer hope for price stability but rather stay what it has because this is the reason why people keep on coming and continue giving support.

I notice nowadays that people don't care about their privacy. Indeed, losing privacy is still okay when it talks about money. Not all but I believe the majority.

That's the only problem that I believe will occur in the future for bitcoin because of its high
fee when there is congestion making many of its users  changing to other altcoins for this matter
but aside from that as the security is concern? people will continue supporting bitcoin an so this
will stay many years from now specially as the last sets of bitcoin is yet be mined?

The story is different if we talk about one government or all the governments of the countries combined, because 1 or 2 governments will never be able to stop or destroy bitcoin because bitcoin is decentralized. If a country bans or seeks to eliminate bitcoin, miners will move to another country, like the Chinese government did with bitcoin, but things will become serious if governments join forces and attack bitcoin then surely bitcoin will be difficult to survive.

But I somewhat agree with you that many people are underestimating the power of government, if our government bans bitcoin then we will see how difficult it will be to use bitcoin. Many people do not see the power of the government because they come from countries that do not ban bitcoin, if someone is living in a country that bans bitcoin, they will feel the power of the government.

You are very wrong that Bitcoin has survived the attack from the government, if the government attacked Bitcoin, it would have been a different story today. I can assure you that if the world government attacks Bitcoin today, it will not survive and even all the decentralised mechanisms around it and sites/platforms related to it will all be pulled down. This is because there will be a total clampdown on it (Bitcoin) and all the businesses around it including exchange.

You can imagine how huge the panic selling of Bitcoin would be by then, and it will get to the level that you will not be able to sell your Bitcoins again because no one will be willing to buy it from you. It is not until this time that you can say "the government has attacked Bitcoin." Restricting, banning and finding ways to regular Bitcoin transactions for the sanity of the world is not an attack, only that you guys are not appreciative of what the government is doing, particularly for not clamping down on Bitcoin.

Yea, you are f**king dam right bro, Bitcoin will always survive, because it has proven over and over again that it's here to stay, just as the chart above illustrated, it shows that is actually getting better as The years goes by, so in other words, it's just like a fine 🍷 wine that gets better with age.

Another thing that makes Bitcoin very much special too me is it decentralized nature, to me, the privacy is priceless, though most government of some states sees it as a threat, due to the fact that they can't be in control, but the truth is that Bitcoin is here to stay, because it's the future of money.

Lastly, those set's of people fighting Bitcoin, thinking they can put it down, they actually knows that it's impossible to do so at this stage, so what they are doing now is that they are just discrediting it publicly, just to slow it adoption process, but I believe that in due time, everyone, including the haters will accept it, even though it's not their will.