I believe that with the birth of Bitcoin, its mission is higher than its existence as an asset class. It can change the way this world works. Do you agree with me that since Bitcoin was born, there has been the formation and development of blockchain technology, and this technology will be the core technology of the 4.0 world later.
When there is a new asset like Bitcoin to compare with fiat money, invisibly, low-class people like us gradually realize the exploitation of the ruling classes. Thereby, we can change our behavior regarding personal asset management as well as choosing the type of assets to accumulate for the future. It is not an exaggeration to say that Bitcoin is a tool to liberate personal finances from the control of traditional financial institutions and governments. It allows users to fully control and own their assets without having to rely on any third parties.
There is a more macro problem that the existence of Bitcoin can fight inflation and economic recession if more countries use it in the future. However, I think it is difficult for large countries like the US to use Bitcoin as a replacement for the USD because this will limit the FED's influence and ability to control the world. Bitcoin is suitable for small countries that want to be self-sufficient and less dependent on the USD.
Topic: Bitcoin Will always Survive - page 5. (Read 1127 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.
Bitcoin is King,people can never get satisfied or better still end the critics about bitcoin and I'm so happy to inform y'all that bit coin is not prone to individual critics,misconceptions and humans skepticism.
Bitcoin has the ability to sustain its reputation and value all by itself.And no matter what happens,People fail to realize that they'll find it very difficult to filter the best roles or function that bitcoin has for all to themselves;bitcoin is not been biased to users in anyway,people who fail to realize this and apply the instant change....its a choice,it's vividly up to them.
Potential adoption: Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise..
I think about the adoption of BTC for its development, it is real that it is currently increasing day by day, it's just that market conditions will continue to rise and fall and most argue that fluctuating and speculative prices are also a common condition and can easily change in an instant like today. Maybe with this condition we can also see a consistent and inconsistent investor at this time whether he survives or will change his investment pattern.
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.
All these things that are happening to bitcoin improves my confidence towards the crypto industry despite us not having any solid narrative to peg the bull run to at this point. The fact alone that bitcoin is at a stage in its cycle where it's "too big to fail horribly" makes me want to hold on to my cryptocurrencies, cause as with every dead airs in a bull season like in the past few years, there's a very possible chance that we could lose everything, especially when the market makers lose their shit and pull their money out of the industry.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.
For now, I guess what we could just do is hope and remain confident about the sole fact that bitcoin's too big to lose now, and that there is a good chance we'd stumble upon a market defining narrative soon enough, after all, bull seasons usually go full speed a year after the halving, so we still have ample time to hoard and HODL.
Sidenote: there's nothing potential anymore about bitcoin's adoption, it's not a matter of "How?" anymore but a matter of "When?" for a lot of outside ventures since people are quickly noticing the benefits that bitcoin was able to provide its loyal investors.
By "IBM Mainframes", are you implying Bitcoin will become obsolete 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.
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I know altcoins have better features than BTC, but none can outmatch its level of security, reliability, and censorship-resistance.
As we've discussed in another thread, Bitcoin is no longer "censorship resistant" by itself (e.g. without mixers etc.) because of chain analysis. Criminals no longer use Bitcoin because of this--they will get caught if they do.
Even if it were, most consumers simply don't care about that, as is shown by the fact that almost all Bitcoin investors get Bitcoin through a broker or app, which is centralized.
Bitcoin is indeed very good for its stability as a project, and it's broad network. But lots of products can match that, and do. Again, 99% of Bitcoin investors rely on a centralized database governed by a single private company to hold their Bitcoin. That demonstrates they simply don't care about "decentralization" and all of that stuff.
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Given that Bitcoin has come a long way since 2009, it's hard to imagine it will die anytime soon. Institutional adoption is increasing at a very fast pace. What I don't like is that most people are relying on BTC as a store of value than a currency. It will never be able to replace Fiat this way.
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.
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If Bitcoin survives, I hope it never becomes centralized. We should stop selling our BTC to institutional investors if we want to encourage self-custody. If they acquire all of the BTC, then you'd need to trust a middleman to buy/sell the cryptocurrency (something Satoshi meant to avoid in the first place). The future is unpredictable, so lets hope for the best. 
If people did what you are suggesting, the price of Bitcoin would drop by 95%, so... people aren't going to do what you are suggesting
.Bitcoin is going to be fine, but it's not going to be the last word in digital currency, that's all. There will be new things that will be even cooler than Bitcoin.
Potential adoption: Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise..
I think about the adoption of BTC for its development, it is real that it is currently increasing day by day, it's just that market conditions will continue to rise and fall and most argue that fluctuating and speculative prices are also a common condition and can easily change in an instant like today. Maybe with this condition we can also see a consistent and inconsistent investor at this time whether he survives or will change his investment pattern.
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.
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.
By "IBM Mainframes", are you implying Bitcoin will become obsolete in the future? I know altcoins have better features than BTC, but none can outmatch its level of security, reliability, and censorship-resistance. Given that Bitcoin has come a long way since 2009, it's hard to imagine it will die anytime soon. Institutional adoption is increasing at a very fast pace. What I don't like is that most people are relying on BTC as a store of value than a currency. It will never be able to replace Fiat this way.
If Bitcoin survives, I hope it never becomes centralized. We should stop selling our BTC to institutional investors if we want to encourage self-custody. If they acquire all of the BTC, then you'd need to trust a middleman to buy/sell the cryptocurrency (something Satoshi meant to avoid in the first place). The future is unpredictable, so lets hope for the best.
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.
Until whenever there will never be a coin that is able to replace Bitcoin because as far as developments have passed there are many other coins that are not able to survive. Even the closest coins that have large market capitalization are also unable to make competition in terms of prices on the market. And vice versa with the level of security because Bitcoin will be much safer when intersection in a place that is proper and not left at the intersection on the Exchange.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.
Until whenever I have never seen the price of Bitcoin stable and because this is what makes Bitcoin increasingly the best asset. Something stable can be controlled and it is not the purpose of Bitcoin to be created because Bitcoin will always be speculative on its journey. There is always a process of correction and recovery in its journey and until whenever it can never be separated in the market.
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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.
Bitcoin is the king of the cryptocurrency world, and it will remain so for as long as this world exists, and the popularity of Bitcoin will continue to grow day by day. Bitcoin is very advanced in all aspects and people invest here always with trust, Bitcoin provides security to people and what transactions are very confidential. Currently, we can see that there are many cryptocurrencies all over the world, but they become many scams, but only Bitcoin will remain and it will never cheat anyone. The current situation of Bitcoin is that we will be able to place it in a better position in the future, as the demand for Bitcoin is increasing day by day, so its popularity is high. Bitcoin is the best currency among the best projects that get a lot of benefits by investing and trading and trusted currency that has no alternative.
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.
Until whenever there will never be a coin that is able to replace Bitcoin because as far as developments have passed there are many other coins that are not able to survive. Even the closest coins that have large market capitalization are also unable to make competition in terms of prices on the market. And vice versa with the level of security because Bitcoin will be much safer when intersection in a place that is proper and not left at the intersection on the Exchange.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.
Until whenever I have never seen the price of Bitcoin stable and because this is what makes Bitcoin increasingly the best asset. Something stable can be controlled and it is not the purpose of Bitcoin to be created because Bitcoin will always be speculative on its journey. There is always a process of correction and recovery in its journey and until whenever it can never be separated in the market.
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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.
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.
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?
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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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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 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.
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.
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.
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.
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?
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.
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.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.
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.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.
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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