Topic: Bitcoin Will always Survive - page 7. (Read 1127 times)
Bitcoin must survive bitcoin has always been the king in the crypto market and the demand for bitcoin is increasing day by day. These coins can be used to protect privacy and make financial transactions online. Since cryptocurrency transactions are conducted through the blockchain network there is no proof of origin. That's why bitcoin reaches where money or dollars don't. Many countries around the world are legalizing bitcoin and governments are benefiting their countries through the use of bitcoin alternatively everyone is getting into crypto.
Of course it will survive. But not in the way you think. Bitcoin will become institutionalized and heavily-regulated by mainstream governments. It will be quite challenging to obtain true financial freedom. Especially with KYC and surveillance all over the place. The days of true decentralization and censorship-resistance are coming to an end.
With the path Bitcoin is taking, don't expect things to get better anytime soon. We can blame people for relying on BTC as a store of value than a currency. "Wall Street" is now in the game, and it's already too late. Don't want to sound pessimistic, but these are the facts. I wonder if there's still hope for BTC?
I don't like the idea of bitcoin being institutionalized because that would mean that it will never become accessible for the masses which bitcoin I believe is the one that deserves to have them as their way out of thickets we call poverty. Becoming an institutional investor tool will definitely make bitcoin go to more unprecedented heights but the problem is from the fact that institutional investors will also gatekeep this and it would become a big hurdle for small/retail investors to invest in bitcoin even with a little money because there's just too many blockades that are getting in the way for those people to invest. That's why I believe that it's a race against time now to acquire as much bitcoin as you can because you will never know when will you get more bitcoins. With the path Bitcoin is taking, don't expect things to get better anytime soon. We can blame people for relying on BTC as a store of value than a currency. "Wall Street" is now in the game, and it's already too late. Don't want to sound pessimistic, but these are the facts. I wonder if there's still hope for BTC?
Bitcoin's existence depends on human needs, so as long as people still have needs, it will not disappear, but if we no longer need it, it will soon be forgotten .
BTC is an investment instrument and we are also a component of the market cycle too. Maybe the financial condition of society is still not good enough at this time. Yes, that's right, As long as there is a need and demand comes BTC will always be there.
The world is constantly evolving, bitcoins have been created and I wouldn't be surprised if in the future something better than bitcoins is created.
Indeed, nothing is impossible in future evolution and new developments, but currently BTC is still in its position.
Of course it will survive. But not in the way you think. Bitcoin will become institutionalized and heavily-regulated by mainstream governments. It will be quite challenging to obtain true financial freedom. Especially with KYC and surveillance all over the place. The days of true decentralization and censorship-resistance are coming to an end.
With the path Bitcoin is taking, don't expect things to get better anytime soon. We can blame people for relying on BTC as a store of value than a currency. "Wall Street" is now in the game, and it's already too late. Don't want to sound pessimistic, but these are the facts. I wonder if there's still hope for BTC?
With the path Bitcoin is taking, don't expect things to get better anytime soon. We can blame people for relying on BTC as a store of value than a currency. "Wall Street" is now in the game, and it's already too late. Don't want to sound pessimistic, but these are the facts. I wonder if there's still hope for BTC?
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1. Decentralized Nature
2. Security
3. Limited supply
4. Potential adoption.
While these factors suggest a robust framework for Bitcoin's survival, its future is still uncertain due to factors like regulator challenges, competition from other cryptocurrency (less chance), and the technical and practical challenges associated with scaling the technology for widespread use. 1. Decentralized Nature
2. Security
3. Limited supply
4. Potential adoption.
If you are referring to cryto that may have issues in the future, then you should mention altcoin. No matter the attacks on Bitcoin, I don't think the technology can fail. For some reasons, such as decentralization of Bitcoin and the fact that the founder of Bitcoin (Satoshi) is not known, the only way to stop Bitcoin transaction is if internet connection is disallowed, and it's not possible to do that.
I actually believe that Bitcoin will continue to live. Although we can not predict the future.
You do have a point. The technology of bitcoin, I think, has more to offer. I mean, for sure, in the future or following years, some might integrate the technology of bitcoin, which is blockchain, which is a good sign that the technology of bitcoin can be used in more implementations, and of course, bitcoin itself. We can see many projects derived from bitcoin, and I think the only limit here is, yeah, the internet; without it, bitcoin or any crypto currency will not survive.I actually believe that Bitcoin will continue to live. Although we can not predict the future.
That's why I also believe that no matter what bitcoin will always reign, it will not stop to impress and shock us, and the time that all bitcoin is mined, we can expect that it is not the end; maybe it will be the start of a greater technology and implementation of bitcoin, and I believe in the people that invested in bitcoin that we will not let bitcoin fall down.
Bitcoin is money, one of the functions of money is being a store of value - it means maintaining a stable value, or slowly increasing its value, or at the very least only slowly losing the value, like in case with fiat's inflation.
Suriving in any case is great and important, but losing 90% of value would be almost the same as losing 100% of value, especially those that only use Bitcoin as a store of value and not for payments. And there are many possible events that could wipe out most of Bitcoin's value, like a global ban on Bitcoin related operations for banks and other financial services. That would kill liquidity and kill the price.
Suriving in any case is great and important, but losing 90% of value would be almost the same as losing 100% of value, especially those that only use Bitcoin as a store of value and not for payments. And there are many possible events that could wipe out most of Bitcoin's value, like a global ban on Bitcoin related operations for banks and other financial services. That would kill liquidity and kill the price.
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If you are referring to cryto that may have issues in the future, then you should mention altcoin. No matter the attacks on Bitcoin, I don't think the technology can fail. For some reasons, such as decentralization of Bitcoin and the fact that the founder of Bitcoin (Satoshi) is not known, the only way to stop Bitcoin transaction is if internet connection is disallowed, and it's not possible to do that.
I actually believe that Bitcoin will continue to live. Although we can not predict the future.
I actually believe that Bitcoin will continue to live. Although we can not predict the future.
Bitcoin will leave longer than human and one thing for sure is that the more Bitcoin getting old the more it become demand. Even though nothing is permanent in this world but still Bitcoin will remain for long time. If the generation nowadays keep educated about Bitcoin then they can share it to our next generations. Hoping that if we are all here getting older we have some Bitcoins to hodl cause we are all know how important Bitcoin is in our daily lifestyle. We can get a big profits someday.
Despite the unfilled volatility of the market, bitcoin will always stand out to survived and I've watched closely how these projects have made massive pumps and dumps in the market. We just have to stick to the ones that becomes favorable for us though it can be challenging for us. Bitcoin will always make different dimension in the market and we're here to acknowledge the fact that bitcoin have changed life's and have also ruined most lives.
It will survive because people trust it.
Despite some aggressive market attacks and some controversial discussions of the SEC, Bitcoin still gains positive responses from the community. It dumps due to some panic selling which is normal event but it rises back because many people stay strong and optimistic about the future of Bitcoin.
One factor that makes people become interested in this is the decentralized features. We believe that having this gives us more freedom and more privacy which fiat money can't provide. But if we talk about security, that is uncertain as we are prone to hacking and this it makes too risky.
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.
Despite some aggressive market attacks and some controversial discussions of the SEC, Bitcoin still gains positive responses from the community. It dumps due to some panic selling which is normal event but it rises back because many people stay strong and optimistic about the future of Bitcoin.
One factor that makes people become interested in this is the decentralized features. We believe that having this gives us more freedom and more privacy which fiat money can't provide. But if we talk about security, that is uncertain as we are prone to hacking and this it makes too risky.
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.
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.
Sometimes, the attack doesn't comes from government, it comes from this organization and even firm that as something on the stock market that usually attack Bitcoin with their hateful comment, if the government really want to attack Bitcoin and they really mean it, I don't think we will have Bitcoin by now because they can really make Bitcoin go away if they really want to but some countries are innovation friendly, they wouldn't want to allow something that was build by someone for many years go wasted.
I just think that Bitcoin is doing what it's doing now because of fear from dump, you see that $62k range you are seeing that everyone is bullish on, if the government really want it to stop exist or attack Bitcoin, that price can crash to $20k because of the expectations everyone has for the bull run but they wouldn't attack it. However, the government wouldn't let people used Bitcoin the way it was intended.
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 have survived so many challenges and attacks for a very longtime and if these challenges and attacks were something that Could stop bitcoin by now I don't think it will reach this stage of today. If bitcoin could survive early attacks and challenges that means Bitcoin is here to stay and it will continue to exist. Before now they tried to frustrate people from using Bitcoin bit all the plan didn't work instead Bitcoin is even getting more awareness everyday and it is making a positive impact in people's financial life. Indeed bitcoin is not a weak asset, with every challenge it still remains asset of good value. So, in fact, what is there to be ashamed of about Bitcoin, right? Because basically it becomes a digital currency, if used as a transaction tool. However, in the end it tends to become a very valuable investment and many people get success from this. So from here there will probably be a lot of thoughts and considerations from various parties, especially those who don't like Bitcoin or don't like people who are successful because of Bitcoin, so we often encounter FUD that is always spreading.
So here, when we invest in Bitcoin, of course we should be aware of the various pluses and minuses, including the risks. So if someone seems to panic when the price drops drastically and the price has not gone high again, then there is no need to worry because the Bitcoin price will return to its target anyway, we just need to wait more patiently.
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.
Yep, and for me with all those years and challenges it proves that it is here to stay.So many controversy, negative accusations and fake news has come but it is still standing tall, and the best part is even all those negativity it manage to climb up and always shows community that it would come back higher every time it falls down.
The price just keeps on bouncing higher setting new records of ATH every cycle.
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 have survived so many challenges and attacks for a very longtime and if these challenges and attacks were something that Could stop bitcoin by now I don't think it will reach this stage of today. If bitcoin could survive early attacks and challenges that means Bitcoin is here to stay and it will continue to exist. Before now they tried to frustrate people from using Bitcoin bit all the plan didn't work instead Bitcoin is even getting more awareness everyday and it is making a positive impact in people's financial life. Indeed bitcoin is not a weak asset, with every challenge it still remains asset of good value. I wouldn't go as far as to say that Bitcoin will always survive. Everything dies at some point, and human civilization has been around for a very short time on the scale of the universe. But even if we look at humanity, there's no knowing how relevant Bitcoin will be 50 years from now, or especially further into the future. We don't know where humanity's development (or degradation) will lead us, and whether Bitcoin is a part of that future.
The features mentioned by op are important and relevant, and I expect Bitcoin to thrive for decades to come, but the future remains unknown and largely unpredictable.
The features mentioned by op are important and relevant, and I expect Bitcoin to thrive for decades to come, but the future remains unknown and largely unpredictable.
Bitcoin will leave longer than human and one thing for sure is that the more Bitcoin getting old the more it become demand. Even though nothing is permanent in this world but still Bitcoin will remain for long time. If the generation nowadays keep educated about Bitcoin then they can share it to our next generations. Hoping that if we are all here getting older we have some Bitcoins to hodl cause we are all know how important Bitcoin is in our daily lifestyle. We can get a big profits someday.
I wouldn't go as far as to say that Bitcoin will always survive. Everything dies at some point, and human civilization has been around for a very short time on the scale of the universe. But even if we look at humanity, there's no knowing how relevant Bitcoin will be 50 years from now, or especially further into the future. We don't know where humanity's development (or degradation) will lead us, and whether Bitcoin is a part of that future.
The features mentioned by op are important and relevant, and I expect Bitcoin to thrive for decades to come, but the future remains unknown and largely unpredictable.
The features mentioned by op are important and relevant, and I expect Bitcoin to thrive for decades to come, but the future remains unknown and largely unpredictable.
OP: I think it's not about bitcoin surviving, that is, your context, I understand, but, It seems that you always have to justify its existence, when it is no longer necessary, it is Bitcoin. So, that idea from the title of your topic, it is as if it were in crisis, or that something unforeseen could happen to it, I like the idea better, that no matter what happens in the future, Bitcoin will always be useful.
Bitcoin will remain a leader in any respect. In terms of market capacity, it may be displaced in the future. In terms of fees, there are cheaper blockchains. In terms of privacy or development, there are better projects, but in the end, Bitcoin remains Bitcoin, and with all the problems of scalability, there is still betting on it, which will gain it demand that will make it. Among them are among the best cryptocurrency options.
That is true and people should stop denying the inevitable. Bitcoin will not always be the currency at the top as technology will advance and we will be able to understand the realm of digital currencies better. For sure we will be able to create a cryptocurrency that checks all the boxes and even though this hypothetical project will replace bitcoin, it can not go unnotice that none of it would have been possible without the creation of bitcoin.
Don't you think your statement is somehow contradicting? If you believe Bitcoin can be displaced in the future why would it remain the leader in any respect?
I think that was a typo error, and what Yamane meant to write was 'leader in (many) respect' and I quite agree with his/her assertion. Whether another coin dethrones it in future as the number cryptocurrency, bitcoin will always be a leader in the industry. It's the first crypto to hit a trillion marketcap, first crypto to be traded as an ETF, first crypto to hit a billion transaction and many other landmark achievements.
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.
In the context of war, we don't really need bitcoin because what we need is self -salvation.
Bitcoin There are no two of the many aspects that I realized for more or less even two years of time I was to learn it. In market capitalization, Bitcoin is still the best even though one day there will be another coin that is able to pass it.
In terms of hedge, I still admit Bitcoin as the best in the long run.
Privacy, Bitcoin is also the best. As an electronic cash system, Bitcoin is also very good.
Of all the advantages of Bitcoin, Bitcoin will not be a follower like another coin that follows Bitcoin.
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