Bitcoin's 15th Anniversary: Nearing Maturity in a Turbulent World

btc78

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Quote from: Wy94101600 on January 11, 2024, 07:50:38 AM

Is it a good time to purchase Bitcoin recently?

Well it is your money hence it will be your decision at the end of the day however to put it simply it is a good idea to own bitcoin, yes but is it a good time right now to buy bitcoin? probably not why? because bitcoin is increasing in price typically you would want to buy at a lower price it still depends on what you consider low price but this is just my humble opinion

Wy94101600

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"This year's Bitcoin is definitely in a bull market."

Wy94101600

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"I strongly agree with what the blogger said, I'm going to buy Bitcoin."

Wy94101600

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Is it a good time to purchase Bitcoin recently?

ffyvsomr

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Picture this: You wake up, check the news, and boom – "Bitcoin ETF Under Investigation." That could be a nightmare for everyone involved.

xniehbvp

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In the end, it's like a rollercoaster ride. Exciting, a bit nerve-wracking, but everyone's curious to see where it takes us. ETFs could be the ticket to the crypto theme park, my friend!

aaplbgie

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On the downside, if something goes wrong with a Bitcoin ETF – like a major hack or something – it could seriously shake investor confidence.

ffyvsomr

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I'm all for it, man. It could be a game-changer. No more dealing with private keys and wallets – just buy some ETF shares and you're in the crypto game.

xniehbvp

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"You mentioned 'until it changes.' However, on the occasion of Bitcoin's 15th anniversary, what needs consideration is 'what if it changes.' Since the establishment of the USD system, a financial crisis affecting the world has occurred every ten years or so. The last time, Bitcoin was born. At this moment, discussing Bitcoin's performance is a truly meaningful discussion. 'Will change happen?' Change will inevitably happen sooner or later."

aaplbgie

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"You're right; going through posts from the past week, this is the only serious discussion on Bitcoin's 15th anniversary. I find the significance in the fact that times are changing. Fifteen years ago, Bitcoin offered the world another choice; now, can Bitcoin truly bring meaning to the world? Ordinarily, it might destroy Bitcoin, turning it into a zombie. The current decrease in fees might have lowered everyone's guard, but Pandora's box is open. Soon, we'll see a tenfold increase in 'metaverse junk' flooding the Bitcoin network. We need to do something."

ggmtdp

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Others are like, "ETFs make it easy to diversify without the crypto market rollercoaster." Less stress, more gains, you know?

ffyvsomr

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People are also wondering if the SEC will set some crazy high standards for these ETFs. Like, are they gonna make it impossible for one to get approved?

xniehbvp

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Picture this: You wake up, check the news, and boom – "Bitcoin ETF Under Investigation." That could be a nightmare for everyone involved.

ggmtdp

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A buddy of mine is convinced that once the first Bitcoin ETF launches, it'll open the floodgates for other crypto ETFs. Ethereum, anyone?

ffggxion

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But hey, what if the SEC keeps dragging its feet? Some say it could stifle innovation and slow down the adoption of crypto in traditional finance.

aaplbgie

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On the flip side, some argue that it goes against the whole decentralized spirit of crypto. It's like, "ETFs, you're bringing the suits to our party!"
It's crazy, though. The SEC keeps delaying their decision on approving a Bitcoin ETF. The anticipation is killing me.

ggmtdp

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"The forex reserves of most countries in the world are primarily in U.S. dollars. Being USD-denominated means decades of labor and wealth for these nations are stacked in green paper. Moreover, many countries' currency issuance is based on these forex reserves as a benchmark. Additionally, this has happened too many times in history; I believe we must face this possibility cautiously."

ffggxion

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"Yes, from the data released, the U.S. economy is very robust. In my view, this report undoubtedly comes from the infinite expansion of government finances. Despite being in a so-called rate-hiking cycle, the U.S. nominal GDP growth remains high at 2.4%. But even at this expansion rate, it still can't keep up with the growth rate of national debt. The U.S. fiscal year 2023 budget deficit is $1.695 trillion, a YoY increase of about $320 billion, a 23% increase. In 2022, government spending relative to GDP was a staggering 44%, surpassing World War II levels. Considering the U.S. finance comes from borrowing globally, this means this impressive report is not about technology, innovation, and wealth creation for the world but about excessive debt, vampirism on the world economy, and bubble-driven growth. I don't know how long this can be sustained. Bitcoin is currently a small part of this bubble, which is why I see many people on the forums anticipating the so-called ETF. The Bitcoin I look forward to is precisely to eliminate this false bubble."

lookbiba

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"Interestingly, the FHFA home price index (https://www.fhfa.gov/) currently places the U.S. at 416.3, the highest in 100 years. Before the 2007 subprime crisis, this value was 227.3. I agree with your viewpoint; a real estate bubble in the U.S. or China could be the trigger for a global economic collapse. How Bitcoin performs in a crisis is precisely what we need to discuss."

lookbiba

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It's crazy, though. The SEC keeps delaying their decision on approving a Bitcoin ETF. The anticipation is killing me.

ffggxion

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Imagine telling your grandma, "I just bought some Bitcoin through my regular brokerage account." ETFs could make that happen.

zhuzhus

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"The forex reserves of most countries in the world are primarily in U.S. dollars. Being USD-denominated means decades of labor and wealth for these nations are stacked in green paper. Moreover, many countries' currency issuance is based on these forex reserves as a benchmark. Additionally, this has happened too many times in history; I believe we must face this possibility cautiously."

zxcasdf

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Activity: 3

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"You're right; going through posts from the past week, this is the only serious discussion on Bitcoin's 15th anniversary. I find the significance in the fact that times are changing. Fifteen years ago, Bitcoin offered the world another choice; now, can Bitcoin truly bring meaning to the world? Ordinarily, it might destroy Bitcoin, turning it into a zombie. The current decrease in fees might have lowered everyone's guard, but Pandora's box is open. Soon, we'll see a tenfold increase in 'metaverse junk' flooding the Bitcoin network. We need to do something."

lookbiba

newbie

Activity: 3

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"The forex reserves of most countries in the world are primarily in U.S. dollars. Being USD-denominated means decades of labor and wealth for these nations are stacked in green paper. Moreover, many countries' currency issuance is based on these forex reserves as a benchmark. Additionally, this has happened too many times in history; I believe we must face this possibility cautiously."

zhuzhus

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Activity: 3

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"Yes, from the data released, the U.S. economy is very robust. In my view, this report undoubtedly comes from the infinite expansion of government finances. Despite being in a so-called rate-hiking cycle, the U.S. nominal GDP growth remains high at 2.4%. But even at this expansion rate, it still can't keep up with the growth rate of national debt. The U.S. fiscal year 2023 budget deficit is $1.695 trillion, a YoY increase of about $320 billion, a 23% increase. In 2022, government spending relative to GDP was a staggering 44%, surpassing World War II levels. Considering the U.S. finance comes from borrowing globally, this means this impressive report is not about technology, innovation, and wealth creation for the world but about excessive debt, vampirism on the world economy, and bubble-driven growth. I don't know how long this can be sustained. Bitcoin is currently a small part of this bubble, which is why I see many people on the forums anticipating the so-called ETF. The Bitcoin I look forward to is precisely to eliminate this false bubble."

zxcasdf

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I overheard someone saying, "ETF or not, I'm hodling my Bitcoin." Some folks are all about that DIY crypto life.

zhuzhus

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Picture this: You wake up, check the news, and boom – "Bitcoin ETF Under Investigation." That could be a nightmare for everyone involved.

zxcasdf

newbie

Activity: 3

Merit: 0

In the end, it's like a rollercoaster ride. Exciting, a bit nerve-wracking, but everyone's curious to see where it takes us. ETFs could be the ticket to the crypto theme park, my friend!

asdgou

newbie

Activity: 3

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"You mentioned 'until it changes.' However, on the occasion of Bitcoin's 15th anniversary, what needs consideration is 'what if it changes.' Since the establishment of the USD system, a financial crisis affecting the world has occurred every ten years or so. The last time, Bitcoin was born. At this moment, discussing Bitcoin's performance is a truly meaningful discussion. 'Will change happen?' Change will inevitably happen sooner or later."

asdgou

newbie

Activity: 3

Merit: 0

"The forex reserves of most countries in the world are primarily in U.S. dollars. Being USD-denominated means decades of labor and wealth for these nations are stacked in green paper. Moreover, many countries' currency issuance is based on these forex reserves as a benchmark. Additionally, this has happened too many times in history; I believe we must face this possibility cautiously."

qwezhu

newbie

Activity: 4

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"You're right; going through posts from the past week, this is the only serious discussion on Bitcoin's 15th anniversary. I find the significance in the fact that times are changing. Fifteen years ago, Bitcoin offered the world another choice; now, can Bitcoin truly bring meaning to the world? Ordinarily, it might destroy Bitcoin, turning it into a zombie. The current decrease in fees might have lowered everyone's guard, but Pandora's box is open. Soon, we'll see a tenfold increase in 'metaverse junk' flooding the Bitcoin network. We need to do something."

qwezhu

newbie

Activity: 4

Merit: 0

"The forex reserves of most countries in the world are primarily in U.S. dollars. Being USD-denominated means decades of labor and wealth for these nations are stacked in green paper. Moreover, many countries' currency issuance is based on these forex reserves as a benchmark. Additionally, this has happened too many times in history; I believe we must face this possibility cautiously."

qwezhu

newbie

Activity: 4

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"Yes, from the data released, the U.S. economy is very robust. In my view, this report undoubtedly comes from the infinite expansion of government finances. Despite being in a so-called rate-hiking cycle, the U.S. nominal GDP growth remains high at 2.4%. But even at this expansion rate, it still can't keep up with the growth rate of national debt. The U.S. fiscal year 2023 budget deficit is $1.695 trillion, a YoY increase of about $320 billion, a 23% increase. In 2022, government spending relative to GDP was a staggering 44%, surpassing World War II levels. Considering the U.S. finance comes from borrowing globally, this means this impressive report is not about technology, innovation, and wealth creation for the world but about excessive debt, vampirism on the world economy, and bubble-driven growth. I don't know how long this can be sustained. Bitcoin is currently a small part of this bubble, which is why I see many people on the forums anticipating the so-called ETF. The Bitcoin I look forward to is precisely to eliminate this false bubble."

asdgou

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Law enforcement agencies have acknowledged the challenges posed by the pseudonymous nature of Bitcoin transactions, leading to efforts to enhance tools for tracking illicit activities on the blockchain.

qwezhu

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Bitcoin is a decentralized digital currency designed to eliminate intermediaries, enabling peer-to-peer value exchange.

taufik123

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Quote from: 0t3p0t on January 10, 2024, 08:28:44 AM

Quote from: 0xark on January 07, 2024, 04:30:51 PM

Can Bitcoin liberate itself, embracing a humanity free from financial tyranny?

Well, since Bitcoin is a revolutionary decentralized digital currency I think it is one of the choice for the people to adopt as it is future proof and crisis proof compared to fiat and other physical assets. Though they are different things I think we still need fiat for our daily transactions.

In terms of data and facts, Fiat still dominates and is still very much needed today.
Despite Bitcoin being a revolutionary digital currency that will change how we transact and no third-party interference, it is still difficult to fully implement.

See how the regulations carried out by some governments that even completely ban Bitcoin and also make Bitcoin only a commodity.
Bitcoin is still an optional digital currency and in the end Fiat is still the main, it cannot be denied anymore.

arb10u

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Quote from: Aanuoluwatofunmi on January 08, 2024, 06:11:04 AM

Quote from: 0xark on January 07, 2024, 04:30:51 PM

What if the dollar collapses?

Forget about some assumptions, each currency is independent on it's own, one cannot stand against the other for now, I don't also think there's anything to make the USD collapse if it has not been into this all this while, Bitcoin and Dollar can both exist now together till one turn to become the mainstream for use and adoption and yet they can still both exist together and one is more preferred to the other.

Quote from: 0xark on January 07, 2024, 04:30:51 PM

How will Bitcoin thrive amidst crises?

I am delighted to finally see such insightful discussions on this forum, which tends to be vulgar and prone to surrenderism. This should be the first time I've come across a post discussing the future fate of Bitcoin. On its 15th anniversary, many people have become conservative and closed-minded within the wealth created by Bitcoin.

We support Bitcoin not because of its speculative nature but because it embodies the spirit of liberalism that seeks freedom from government restrictions, establishing a decentralized currency payment system to combat inflation and the overissuance of fiat currency.

If one lacks the courage to make reasonable assumptions, then one can only watch as the government and Wall Street manipulate the news about Bitcoin ETFs for market speculation, ultimately destroying the spirit and value of Bitcoin. If you believe there is no confrontation between Bitcoin and the US dollar, then you are denying the fundamental value of Bitcoin, which is what I call surrenderism.

Bitcoin doesn't have to go through all these, the network protocols are set for it to thrive all situations it may pass through, the reason why it's decentralized, we are the ones to rather thrive more towards it's adoption by not having government restrictions on us from adopting Bitcoin.

Quote from: 0xark on January 07, 2024, 04:30:51 PM

Can Bitcoin liberate itself, embracing a humanity free from financial tyranny?

Why do you think many were after Bitcoin adoption all over the world, it's because they have identified the liberation with bitcoin and would also want to be liberated along when they adopt it.

You may have forgotten that Bitcoin was born out of these crises. Perhaps you are young; the 2008 crisis destroyed millions of dollars of my assets in Nevada. At that time, I realized the fragility and unreliability of the credit system. When you talk about the 'liberation' brought by Bitcoin, you must be aware that you are discussing liberation from the US dollar. Avoiding this discussion essentially loses the courage to face the essence of Bitcoin. That's my regret.

0t3p0t

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Peace be with you!

Quote from: 0xark on January 07, 2024, 04:30:51 PM

What if the dollar collapses?

Then those dollar pegged currency will be affected.

Quote from: 0xark on January 07, 2024, 04:30:51 PM

How will Bitcoin thrive amidst crises?

I can see Bitcoin as unaffected during crisis and I can also see people or investors hoarding Bitcoins to prepare for the worst.

Quote from: 0xark on January 07, 2024, 04:30:51 PM

Can Bitcoin liberate itself, embracing a humanity free from financial tyranny?

Well, since Bitcoin is a revolutionary decentralized digital currency I think it is one of the choice for the people to adopt as it is future proof and crisis proof compared to fiat and other physical assets. Though they are different things I think we still need fiat for our daily transactions.

Odohu

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Quote from: hatshepsut93 on January 08, 2024, 03:43:10 PM

Quote from: 0xark on January 07, 2024, 04:30:51 PM

What if the dollar collapses?

What if it does not? US economy is still incredibly strong as keeps growing. Or what if USD collapses and takes Bitcoin down with it because investors decide to move to other asset, like gold or another national currency. We already saw some correlation between BTC and the US stock market. So be careful what you wish for.

I don't know where people got the idea of dollar collapsing from. What I find funny is how they are optimistic that dollar collapse will be a victory for Bitcoin. I have spent quality time pondering on the feasibility of this and I have not found any logical explanation. Bitcoin was not created to replace fiat rather as an alternative to fiat (a revolutionary one at that). There will hardly come a time the entire world will ditch their fiat currencies to adopt Bitcoin, I don't see this happening because both will operate side by side.

It is good to FOMO but we must be careful not to turn it to a joke. Bitcoin is traded against the dollar, at least the price of the former is calculated on the bases of the later. If the base currency falls, Bitcoin only gains and this does not mean dollar will not exist or become useful. The US economy is still the dominant economy, it will stay this way for a long time until something changes. Until then, dollar will not collapse, it will only face the usual inflation that is affecting many fiat currencies.

arb10u

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Quote from: TrumpJr on January 10, 2024, 01:05:32 AM

Considering the various factors influencing Bitcoin's value, not solely limited to mining percentages, as a believer in Bitcoin, I find the prospect of its price reaching $1 million reasonable. Specifically, prominent institutions like MicroStrategy and Tesla investing billions in Bitcoin underscore institutional confidence in the cryptocurrency. The economic uncertainty stemming from the global health crisis has also prompted investors to allocate funds to safe-haven assets, further solidifying Bitcoin's position as digital gold.

Moreover, the announcements from countries such as Panama and El Salvador accepting Bitcoin as legal tender provide substantial case support for Bitcoin's legalization and global acceptance. These events highlight Bitcoin as a global asset, with its value influenced by worldwide economic and political dynamics. In certain conceptual scenarios, even in the event of a third world war breaking out, Bitcoin, due to its non-reliance on any specific nation, might be seen as a hedge asset, potentially boosting its price further.

Look at the stupid things the SEC did yesterday. This is America.

TrumpJr

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Considering the various factors influencing Bitcoin's value, not solely limited to mining percentages, as a believer in Bitcoin, I find the prospect of its price reaching $1 million reasonable. Specifically, prominent institutions like MicroStrategy and Tesla investing billions in Bitcoin underscore institutional confidence in the cryptocurrency. The economic uncertainty stemming from the global health crisis has also prompted investors to allocate funds to safe-haven assets, further solidifying Bitcoin's position as digital gold.

Moreover, the announcements from countries such as Panama and El Salvador accepting Bitcoin as legal tender provide substantial case support for Bitcoin's legalization and global acceptance. These events highlight Bitcoin as a global asset, with its value influenced by worldwide economic and political dynamics. In certain conceptual scenarios, even in the event of a third world war breaking out, Bitcoin, due to its non-reliance on any specific nation, might be seen as a hedge asset, potentially boosting its price further.

Yamane_Keto

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There is a misconception in mining. Just because we have mined 90% of Bitcoin, this does not mean that the price will be high because there is only 10% of Bitcoin being traded, but its effect extends to the return from the block, which is affected by halving, but after 20 years the price will be stable and the increase in supply and demand will not. It is affected by the four-year cycle, but we need trillions of dollars to see an insane increase.

arb10u

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Quote from: pinggoki on January 09, 2024, 12:43:56 AM

Quote from: hatshepsut93 on January 08, 2024, 03:43:10 PM

What if it does not? US economy is still incredibly strong as keeps growing. Or what if USD collapses and takes Bitcoin down with it because investors decide to move to other asset, like gold or another national currency. We already saw some correlation between BTC and the US stock market. So be careful what you wish for.

Still funny to me that people think that the US dollar would easily collapse, get out of your echochambers and look at the big picture, the people that have established and maintained USD as a global reserve currency has a lot at stake that they're going to do whatever it takes for that collapse to never happen. That's also another problem, that it might drag bitcoin with it when that collapse happens, there's more likely collapse that will happen in China's real estate bubble right now than the dollar collapsing in the next 5 years. Don't underestimate the power that the agencies that's got their interests pegged to how the dollar performs.

It must be said that the overall national strength of the United States is not as dominant as it was more than ten years ago.

pinggoki

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Quote from: hatshepsut93 on January 08, 2024, 03:43:10 PM

What if it does not? US economy is still incredibly strong as keeps growing. Or what if USD collapses and takes Bitcoin down with it because investors decide to move to other asset, like gold or another national currency. We already saw some correlation between BTC and the US stock market. So be careful what you wish for.

Still funny to me that people think that the US dollar would easily collapse, get out of your echochambers and look at the big picture, the people that have established and maintained USD as a global reserve currency has a lot at stake that they're going to do whatever it takes for that collapse to never happen. That's also another problem, that it might drag bitcoin with it when that collapse happens, there's more likely collapse that will happen in China's real estate bubble right now than the dollar collapsing in the next 5 years. Don't underestimate the power that the agencies that's got their interests pegged to how the dollar performs.

Junard1383

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Quote from: btcdaofree007 on January 08, 2024, 12:00:43 PM

Totally get your point on Bitcoin needing wider social change for a real impact on wealth distribution. It's not just about the tech; it's about changing mindsets and systems. But if Bitcoin can weather these challenges, especially with Layer 2 solutions, it might gain more acceptance. What do you guys think about the potential hurdles in achieving broader social acceptance?

Education is key, for sure. Simplifying the narrative and making it more relatable is a good strategy. Maybe more user-friendly interfaces and educational campaigns could help. On the volatility front, it's tough – but it's also what attracts some people. Striking a balance between stability and the potential for gains might be the way forward.

GeorgeJohn

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What I have to say here concerning bitcoin is that nobody expected that bitcoin would have gain the level of adoption it gained today, because I could remember vividly that the adoption of was massive and it dod not waste time because people that developed interest in bitcoin immediately the year it was launched and secondly I believe that bitcoin it's self might be something that would have no be relevant if not that government started kickoff against bitcoin from initial stages

hatshepsut93

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Quote from: 0xark on January 07, 2024, 04:30:51 PM

What if the dollar collapses?

What if it does not? US economy is still incredibly strong as keeps growing. Or what if USD collapses and takes Bitcoin down with it because investors decide to move to other asset, like gold or another national currency. We already saw some correlation between BTC and the US stock market. So be careful what you wish for.

SamReomo

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Quote from: 0xark on January 07, 2024, 04:30:51 PM

What if the dollar collapses?

First of all, the dollar won't collapse and if even it collapses then there won't be much impact on countries other than US. The countries may face some trade related issues for short term but that will get solved sooner than expected. The countries who have taken huge loans from IMF will be happy to see the dollar collapse as most of their loans will get lower because of the collapse.

That's an unlikely thing to happen so I would suggest you to not worry much about it. It can face some value decrease overtime but it's not going to collapse anyways. Another thing we should know is that some countries are trying to join BRICS and those countries will be happy to see dollar's collapse.

Quote from: 0xark on January 07, 2024, 04:30:51 PM

How will Bitcoin thrive amidst crises?

Let's say that if somehow dollar collapses then surely Bitcoin and the whole crypto-market will face another bear market that might decrease Bitcoin's value to some extent but again the Bitcoin won't be impacted a lot other than the FUD and it will grow its value once again. Bitcoin will definitely thrive without any question but yeah it will get affected for sometime if a collapse takes place.

Robinco

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Quote from: btcdaofree007 on January 08, 2024, 12:00:43 PM

Totally get your point on Bitcoin needing wider social change for a real impact on wealth distribution. It's not just about the tech; it's about changing mindsets and systems. But if Bitcoin can weather these challenges, especially with Layer 2 solutions, it might gain more acceptance. What do you guys think about the potential hurdles in achieving broader social acceptance?

Great question! Social acceptance is a big piece of the puzzle. People need to trust and understand it for wider adoption. But you also mentioned potential hurdles – what do you see as the main obstacles for Bitcoin in gaining broader social acceptance, especially considering its volatility and the complex tech behind it?

Mate2237

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Op this is a poem of 13 line stanza that has not rhyme Scheme. I didn't see the 15th anniversary thread of Bitcoin this year or did I missed it out? That is by the way, congratulations to Bitcoin for it 15th uninterrupted anniversary in the ecosystem. I even heard that someone sent a huge amount of USD as Bitcoin to the Genesis Block. Yes wealth can cause greed and the desire of wealth of man make him to search for wealth in all corners and that is become the root of all evils.

I don't think anyone here supported the evil fee caused by the ordinals. It was a terrible period in the history of Bitcoin, the hike of fee caused commotion in the industry. On my own understanding why people didn't use the lighting network was probably because the network is not simple as others. The transition moment is some how difficult. Well Bitcoin is gaining more strength in the world. I think recently my country also accept Bitcoin though it is not yet legal tender. The collapsed of dollar will make the fiat to rise up. And that will help many countries to do well. And Bitcoin will be the number one currency in the world. In the middle of all the crisis Bitcoin will come more stronger.

btcdaofree007

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Totally get your point on Bitcoin needing wider social change for a real impact on wealth distribution. It's not just about the tech; it's about changing mindsets and systems. But if Bitcoin can weather these challenges, especially with Layer 2 solutions, it might gain more acceptance. What do you guys think about the potential hurdles in achieving broader social acceptance?

arb10u

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Quote from: nickbit308 on January 08, 2024, 07:56:27 AM

Nice points here! Cheesy

where does Bitcoin fits in the global scene? Huh

If it can step up as a safe-haven during crises, could that speed up its global adoption? hell yeah, I'm totally with you on the Layer 2 solutions – if they can fix the network issues and high fees, it could set the stage for a brighter future for Bitcoin, 1000000%. Cool

The wealth redistribution talk is interesting, but I'm leaning towards thinking it needs wider social and political support. Bitcoin might be a tool, but for a real shift, we probably need huge widespread social change. What are your takes on this?

It is very likely that the Bitcoin ETF will be passed this week. Dozens of ETFs will be passed together, which will cause major price fluctuations.

nickbit308

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Nice points here! Cheesy

where does Bitcoin fits in the global scene? Huh

If it can step up as a safe-haven during crises, could that speed up its global adoption? hell yeah, I'm totally with you on the Layer 2 solutions – if they can fix the network issues and high fees, it could set the stage for a brighter future for Bitcoin, 1000000%. Cool

The wealth redistribution talk is interesting, but I'm leaning towards thinking it needs wider social and political support. Bitcoin might be a tool, but for a real shift, we probably need huge widespread social change. What are your takes on this?

Aanuoluwatofunmi

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Quote from: 0xark on January 07, 2024, 04:30:51 PM

What if the dollar collapses?

Forget about some assumptions, each currency is independent on it's own, one cannot stand against the other for now, I don't also think there's anything to make the USD collapse if it has not been into this all this while, Bitcoin and Dollar can both exist now together till one turn to become the mainstream for use and adoption and yet they can still both exist together and one is more preferred to the other.

Quote from: 0xark on January 07, 2024, 04:30:51 PM

How will Bitcoin thrive amidst crises?

Bitcoin doesn't have to go through all these, the network protocols are set for it to thrive all situations it may pass through, the reason why it's decentralized, we are the ones to rather thrive more towards it's adoption by not having government restrictions on us from adopting Bitcoin.

Quote from: 0xark on January 07, 2024, 04:30:51 PM

Can Bitcoin liberate itself, embracing a humanity free from financial tyranny?

Why do you think many were after Bitcoin adoption all over the world, it's because they have identified the liberation with bitcoin and would also want to be liberated along when they adopt it.

Robinco

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And on the financial liberation front, it depends on how things pan out. If we can tackle the tech and societal challenges and get more people using Bitcoin worldwide, it could genuinely become a decentralized currency, giving people more financial freedom.

TrumpJr

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The article's got me thinking about Bitcoin's role in a crisis. If the dollar tanks, could Bitcoin really shine during a global crisis? It's complicated, though, because while Bitcoin's a safe bet, getting everyone on board globally involves dealing with a bunch of issues, like regulations, tech hurdles, and society accepting it.

arb10u

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In my opinion BTC ETF will Pass in 2024 Jan Grin

Supporters of BTC ETFs argue that obtaining regulatory approval would bring more legitimacy to the Bitcoin market. This legitimacy would attract traditional investors and encourage more institutional participation, helping Bitcoin better integrate into the traditional financial system.

The introduction of ETFs can improve the liquidity of Bitcoin, making it more accessible for buying and selling. This contributes to a more efficient market operation while reducing the risks for investors due to insufficient market depth.

And about Risk, Advocates for BTC ETFs believe that this instrument helps mitigate the risks associated with Bitcoin investments. As ETFs operate through diversified portfolios, investors do not need to directly hold Bitcoin, thereby reducing the risks associated with Bitcoin price volatility.

When Bitcoin becomes more easily available through traditional financial institutions, more people around the world will accept Bitcoin. Shocked

Robinco

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Very interesting discussion. Anyway I do believe that an ETF will be approved this month. Most likely we’ll see an approval on January 16th, but nothing is set in stone.

0xark

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January 3, 2009, witnessed the birth of Bitcoin's Genesis Block in Helsinki, Finland. 15 years later, Bitcoin marks its fifteenth anniversary—a journey from obscurity to prominence. We've grown richer, thanks to Bitcoin. However, let's not rest on wealth; wealth alone can breed dragons of greed.

But has Bitcoin fulfilled its ideals? What surprises and letdowns await? As Bitcoin navigates adolescence, challenges loom.

Bitcoin's Core Dilemma: Stock and Flow

90% of Bitcoin is mined; about 2.25 million coins remain. After each halving, diminishing returns challenge miners, risking centralization. Autonomous mining fades; market purchases dominate.

You might think I support Ordinals growth for Bitcoin's user base. No, Ordinals reliance is poison. Imagine fees soaring tenfold; Bitcoin becomes a dormant asset.

This sidesteps Layer 2 discussions. Lightning Network lacks users.

However, I'm optimistic as Bitcoin nears milestones—wealth redistribution and a new world order:

Dollar's Collapse, an Economic Earthquake

Forget SEC, ETFs, and the dollar. Bitcoin emerged from the 2008 crisis; its coming-of-age coincides with a global shift.

What if the dollar collapses?

How will Bitcoin thrive amidst crises?

Can Bitcoin liberate itself, embracing a humanity free from financial tyranny?

I have a plan, probably nothing;
let's continue the discussion.

Topic: Bitcoin's 15th Anniversary: Nearing Maturity in a Turbulent World (Read 364 times)