Topic: How much do you Trust Bitcoin ? (Read 285 times)

I trust bitcoin so much that I don’t even have a doubt about it or have a negative notion about how it is going to farewell in the future. Bitcoin has proven it since the day it was launched and it continues to grow immensely in the face of many obstacles stopping its widespread or long time adoption. I trust bitcoin so much and I will give it a 99% rating if I’m to rate it from 1-100. The remaining 1% is the uncertainty of what the future will be, as it is not certain and could not happen, bitcoin is tested and trusted, it is a dependable currency.

from 0-100 my trust in bitcoin reaches 90, why is that? because from what I have noticed, no one can drop the price of bitcoin drastically, while the majority of defi or nft are trash projects and the price of their respective tokens is almost to zero

Bitcoin is immune to inflation and is also not centralized therefore Nialinay will continue to fluctuate but there is high interest, we will continue to see Bitcoin attracting many people while projects such as Defi tokens and NFT will disappear over time

I strongly believe in the long-term potential of Bitcoin and in the promising blockchain technology that has revolutionized the financial system with its tremendous capabilities. I have confidence exceeding 98% in Bitcoin as a currency, and many investors like me place most of their capital in it with certainty and trust more than any other altcoins. However, when it comes to DEFI or NFTs, it's a different story. They may positively impact Bitcoin by increasing its growth and use cases. Still, this impact could be damaging in the event of DEFI protocol hacks or congestion in the Bitcoin network resulting from the minting of NFTs on the ordinals network and the increase in Bitcoin transaction fees. Satoshi did not create Bitcoin to operate in this way, and that's why I believe what will go against the nature of Bitcoin may fade away someday. However, Bitcoin and its technology remain alive no matter what happens.

Cryptocurrency is not a regulated assets as a whole so asking how much one should trust Bitcoin is a different aspect. We all come together to trade and invest in cryptocurrency and so doing making money of it and also with the losses involved. One thing you need look out for is not letting the losses be more than the winning.

I trust bitcoin as a technology 100%, but my faith in people is much lower than these numbers. Haters, opponents of the bitcoin represented by officials and supporters of the traditionally established financial system (serious levers of power are concentrated in their hands) will in every possible way hinder the progress of this electronic money and technology. Their influence may affect the long-term viability and stability of the bitcoin, unfortunately.

I don't think NFT can affect the bitcoin as a leading cryptocurrency. NFTis a temporary hype, while bitcoin, like art technology, is eternal (how long can it be used by humanity).

Your trust in Bitcoin is based on how you understand its financial and technological potential.
The impact of DeFI, NFTs, and the regulatory landscape is just to shift people's attention from Bitcoin because DeFi is still operated in the same exact protocol used by institutions while NFT is just another playground scammer.
Having said that, I believe the major problem we have now is the regulatory landscape and every Bitcoiner should be more careful especially now that the giant investment companies ^{(BlackRock, Fidelity, etc are going after top crypto firms. An example is Binance)} are planning to rule the crypto market.

Like I have DeFi and NFT is just another scam playing ground soon we will hear that another DeFi rug pulls or get hacked while NFT will lose value to zero.

100

Trust on Bitcoin is 100%. Everyone one has a question why 100%.why not 100% we all are Bitcoin lover and we all know to policy and Bitcoin market strategy. The market analysis show us that proper invest analysis give us profit without faces losses. So why not 100% trust on Bitcoin.

Currently my confidence in bitcoin is more than 50%. Because bitcoin is a very promising and high quality digital asset if you look at its current development. Maybe if I believed 100% in Bitcoin, right now I still can't. Because after all, in my personal opinion, any investment asset has its risks. Therefore, my trust in Bitcoin is not 100%. Because in my personal opinion, those who invest will definitely not have full confidence in the assets they invest , and I am no different.

Hey OP This is a big topic of discussion with lots of opinions. I really believe in BTC and to Buy BTC today is simpler than before but I am confused looking at BTC fees now. Cheers.

I believe NFTs are going to have a negative influence on Bitcoin as we can see right now with the network fees even though it's temporal. But aside from that I believe NFTs have a negative influence on Bitcoin because so many people will lose money to NFTs, it has been preached to some as a sure way to escape poverty. Now when these bunch of people flock in and lose money, they'll categorize everything related to crypto as scam or fraud, including Bitcoin. Few might see that NFTs are not Bitcoin but many would avoid it because of their previous experience. This has already happened and it's happening right now and will still happen.


I think it would be a 97 and this is me being modest. We can see the facts and figures. No altcoin or NFT has come close to Bitcoin, talk more of reaching it, before surpassing it.
The features of Bitcoin are unique to any other coin. It's even more fascinating when you realize that it's the first cryptocurrency ever created. Usually, other inventions in an industry do better than the previous one, but the reverse is the case with Bitcoin.
Bitcoin has been better than every other coin ever created.

For bitcoin to still remain a trending coin since it was introduced and to have gained more popularity and interest over the years have given me more confidence that this coin have came to stay, bitcoin volatility cannot be compared with any other coin and some of the coins that was introduced along side with bitcoin crashed along the line while bitcoin still remains unshakable for a very long time now.

It is understood that the decentralized approach of this coin have even made it gain more trust and acknowledgement because you don't actually need a third party to be involved before you can make transactions as transactions can just be done through p2p without any doubt from both parties.

The introduction of block chain have even made it more visible as every of a person transactions are being recorded on each blocks of many networks that connects to each other thereby making transactions difficult to be altered by any device or person.

A 100% Bitcoin is always going to be better than any narratives that's been spread for some group of people's selfish interest. Defi or whatever new thing that's trending now wasn't the first to come into the picture. Every bull market a new trend comes along but guess what, with time they'll all fade away and that's why it's very important not to neglect Bitcoin and case after those new trends as you'll regret such decisions in future. At a time we had masternood projects dominating the industry and it moved to defi, metaverse and other trends like AI and so on. They'll have their fair share of the market but as their hypes dies so will they vanish from the market and if you put your hopes on them, you'll regret. There's nothing wrong in trading them for some profits but never neglect Bitcoin because of some trend that'll fail soon.


There's something called first mover advantage and that's what Bitcoin has, Bitcoin is going to be in the game longer than any other cryptocurency projects because it's the most trusted and that isn't going away. Bitcoin opened the door for others so it'll always have that respect as the first one to do it. In regards to trust between altcoins and Bitcoin, Bitcoin should be given the priority because no altcoins will overtake it. Altcoin and the trends the OP is talking about will come and go but Bitcoin will still be here. Those altcoins do well for a very short timeframe like we have currently with AI season that projects with focus on AI are receiving the most attention. After now they'll stop doing well but Bitcoin will always been in the limelight even when those trends are at their highest peak. Saying no one should trust Bitcoin completely is misleading because what's there not to trust Bitcoin completely for? Nothing will last forever so that's not a reason not to trust Bitcoin.

The BTC ecosystem is still young and not yet fully mature, there are still many things that need to be addressed and currently there are many cases in the crypto world, both from hacking and technical or non-technical errors on exchanges which result in consumer wealth.

However, I am sure that the crypto world will develop quickly and my own level of trust is almost full but not 100%/ but this will also be a necessity that makes things easier and can eliminate dependence on banks.

my trust in Bitcoin? I confirm my 100% trust in Bitcoin. No matter what the outcome will be, I believe in Bitcoin, in how it develops, grows, and also various things about it both now and in the future. I doubted Bitcoin in the past, but after knowing how the cycle and development of Bitcoin has been so far, I really believe in Bitcoin. by accepting various risks. And what is certain, these risks are risks that I can still handle.

It cannot be influenced by altcoins, whatever model of altcoins, I don't think Bitcoin will be easily shaken. If it was like that, it should have been done a long time ago because in the past it was also often linked to other altcoins. But in reality, they do not have a big influence on Bitcoin.

50 for me.  As a technology, Bitcoin may become obsolete or can adapt to the changes depending on the performance of its developer. 

I will always have reservations when it comes to technology since technology is there to be outdated by other technology.  When it comes to market domination, I believe that there is no constant in this world but change, there will come a time when some cryptocurrency will outpace Bitcoin though I do not know when but I believe it is certain.


DeFi is yet to be perfect and I think it will take a very long time before it fixes its glitches and flaws.  I do not have any timeframe for when this problem with DeFi is fixed but I believe that there will always be an exploit without a high security as Bitcoin securing the network of these DeFi's.  While NFT is all hype, I do not see any usage for these NFT but just a decoration and subject for bragging.  Itmaybe be used to represent ownership of real-world asset but I do not think that it will overcome Bitcoin's dominance in the market becaue if these assets is to be traded, I think it will be done through real-world transaction and the NFT that represent that asset can just be sent to the buyer without undergoing digital market trading platform.

You didn't have to explain it this way for anyone to understand you...why would you compare the durability of this instable coin that has atleast served the public and gained global Trust for over a decade to a NON- fungible token?.. has it value surpassed Bitcoin over the years it has strived?..

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what do you mean "regulatory landscape"? .. is there any news on the adoption of NFTs as legal tenders?... you must be a clown

Sandra 🧑‍🦰

Bitcoin cannot be compared to all you've mentioned above, they are centralized networks and bitcoin is a decentralized digital currency even though they all exist o the blockchain but different networks, bitcoin is a lifetime digital currency, others are testnets or mainnets digital projects or smart contracts developments, they may be all volatile but bitcoin is more regarded well than every other ones in question.


What i know is that every other smart contracts projects, defi or NFTs all have to depend on bitcoin for their survival because it's the king of cryptocurrencies and nothing to argue about that, they depend on bitcoin while bitcoin stands on it's own.

Well now you have to understand something and that's what do you trust Bitcoin on, many people has their definition and expectations about Bitcoin, in terms of Bitcoin getting more adoption level I trust Bitcoin hundred percent, in terms of Bitcoin changing the way we carry out financial system transaction positively I trust Bitcoin hundred percent but in terms of Bitcoin making one a billionaire from nothing then I have my reservations on that.

If asked about the trustworthiness of Bitcoin, I would trust Bitcoin more than any other altcoin.
Everyone has confidence in Bitcoin because we already know that Bitcoin is the first digital asset that provides many benefits and has many investors. But there will be no trust impact because of NFT and Defi, they have their own way.
Those who are quite skeptical about Bitcoin don't fully understand how the two work.

I have loved the name Bitcoin right from the first time I started involving into crypto currency but based on the rate at which scammers are using Bitcoin and other coins in the crypto world to scam people, I didn't like it that much but since I find my way here on this Bitcointalk forum, I have learn a lot about Bitcoin.
However, Bitcoin is a legit source for investments purpose and other good means (wether in business or what ever) and Bitcoin is trusted almost world wild, but it is only those that has misconceptions about Bitcoin that doesn't feel comfortable when dealing with it.
As for me, I am already investing on Bitcoin and at the same time holding my coins.