Topic: Bitcoin Will always Survive - page 4. (Read 1084 times)

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.

I would be very careful when using the word "always". So you say that Bitcoin and the BTC blockchain could even survive some nuclear Apocalypse and the destruction of planet Earth? Really? I wonder how Bitcoin and the BTC blockchain are going to work when the electricity grids and the internet start shutting down. Maybe OP has a ground breaking idea about how to make the blockchain work without electricity and internet connection.
OP, you are using the term "scarce" is a wrong way. Bitcoin is scarce, not the fiat currencies.

    Bitcoin is recorded as the first and most well known crypto currency in the world.not disputing the fact that there have been so many controversies surrounding it,it is still believed that Bitcoin will always survive and continue to be a leading form of digital currency cutting across the World globally.
   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.

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.

Security: Bitcoin uses cryptography to secure the transactions that happens in the network making it highly resistant to fraud and hacks.

Limited supply:  Bitcoin has a fixed supply of coins of over 21 million that makes it not inflated and scarce like fiat currencies.

Potential adoption:  Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise.
     In conclusion since Bitcoin has survived such attacks from government ,hacks,criticisers, scammers,covid, insurgency etc.bitcoin will still survive in the years to come even if the World war begins and it will do so due to its decentralized Nature,technological advancement and lots more and thus skyrocket to being the leading digital currency.

Lots of people trying to stain up the reputation of bitcoin since they are trying to defame it to promote what they think that can give them more benefit but bitcoin prove them wrong for so many times that all of those negative claims by haters and person who doubt is totally nonsense at all that's why its better to ignore any negative thoughts which is not helping us since they are just a total disturbance which gives us stress. How many times we read about bitcoin is dead in this forum but those words has been many times been shut off especially when we see bitcoin is having another big rallies especially when there's a halving event came or there's good news like adoptions will came.

We have seen different people here in forum , some claims this and some claims that but the reality is that we already knew there is FUD coming from everywhere .
but like what you said, people with knowledge will never fall from this but we also knew that there are  newbies and other investors that does not have deep understanding about the market.

It is very wonderful that cryptocurrencies give us not only money, but are also useful in real life.
When I traveled to countries where card-to-card money transfers are prohibited, I used USDT and LTC to receive and transfer money with my friends.
And I really liked the feeling that this is exactly how the meaning of cryptocurrencies was conceived: this is complete freedom from centralized and stupid laws.

After all, if I earn money myself, then why should I be limited in sending them?
I want to be free in this, and blockchain technology gives me this opportunity. I love the crypto world

Yep, you got it right. Bitcoin's decentralized nature and the fact that it provides financial privacy are among the reasons why it has survived and has become more recognized over time. There is no doubt that most people these days are getting into Bitcoin and cryptocurrencies because they know it has a volatile value and that it can provide them profit over their investments, there are some among that crowd who are in it for the advantages it provides over the traditional financial systems.

When I first came to know about Bitcoin, I didn't know what it was except for the fact that it is some sort of digital money that only exists online, later when I started researching and reading about it, I came to know about what it actually is and how amazing of a technology it is. I have been using it since then.

Are there still people who do FUD like that? I believe that nowadays people in investment have more open eyes. or people who are aware of technological developments and follow Bitcoin news will not be easily incited by news like that.
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. those who have experienced how Bitcoin grows will not be easily affected by bad news. they know the potential of Bitcoin and that it will continue to grow in the long term in the future.

Of course not. At least not in the next 10-20 years. I think Bitcoin will last until all coins are mined. That's if developers continue to improve the Blockchain (and it stays decentralized and censorship-resistant).

I'm yet to see if CBDCs will ever become a threat to the very existence of BTC. Governments might go as far as making Bitcoin (and crypto) illegal just to force everyone to use their CBDCs. Just like what China is doing now.

The first block was mined in 2009. Bitcoin has a 15 year record of reliability, security, decentralisation, continued upwards price trajectory. Nothing lasts forever but Bitcoin is not going anywhere any time soon. Every year we are seeing increased adoption, even now by highly reputable institutions. You simply must own at least some Bitcoin.

That's right OP, Bitcoin survived, has been surviving, is surviving, and will still survive in the future. I honestly feel like the advantage Bitcoin has over most or all other cryptocurrencies, is that, apart from the fact that it was created by a very important person, it was created by an anonymous person. It's program can't be changed, fixed, or edited, therefore making it difficult to influence. The only thing that influences it's worth is the investor's investments. The more the investments, the higher it's prices. The lower the trust people have for it, the lower it's price. Bitcoin, can't be changed, making it an alternative, no company or government can take it own it, it's just there. And since that is it's nature, that's one reason I know, it'll always survive.

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.

Security: Bitcoin uses cryptography to secure the transactions that happens in the network making it highly resistant to fraud and hacks.

Limited supply:  Bitcoin has a fixed supply of coins of over 21 million that makes it not inflated and scarce like fiat currencies.

Potential adoption:  Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise.

Of course not. But what can you say about L2 scaling solutions (particularly, the Lightning Network)? They allow people to use BTC as currency with cheaper fees and faster settlement times. I know it's not perfect (full of bugs). But it gives us hope that someday the masses will use BTC the same way they use Fiat for day-to-day payments. On-chain scaling is not a solution because it increases centralization in the long run (higher bandwidth, and storage costs for nodes). Who knows how Bitcoin will perform in the future?

IBM mainframes are not obsolete, and they are still a multi-billion dollar business.

They are just no longer the "hottest thing" for most consumers, that's all.

Bitcoin will never replace mainstream daily transactions, and it was never meant to. Such a currency would need to scale to levels thousands of times larger than Bitcoin, and the blockchain architecture is intentionally slow by design. The problem it was trying to solve was ""censorship resistance"", not trying to be a common payment method.

Bitcoin is the king of the cryptocurrency world, and it will remain so for as long as this world exists

Bitcoin reigns supremely in crypto. Many pretenders have come and gone, but none have touched Bitcoin. Not only money, but trust. Bitcoin is the top dog because people worldwide believe in it. No asset is more secure than it when properly secured. Thats why its always first. How about price swings? A strength, not a weakness. It makes Bitcoin the best investment because of its excitement. A tool, not simply a coin. Tool that displays real-time market sentiment. Bitcoin is designed to recover from losses. That makes it the best tool for skilled players who want to win large. Bitcoin is the future.

...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.