Bitcoin is still alive, and now it has been used as a currency by a country, and more countries will do the same in the future, and Bitcoin will only get better and better.
Despite getting it banned in some countries, Bitcoin is still alive and will continue to survive. El Salvador took a great step by legalizing Bitcoin in their country. I hope more countries do the same. 
Topic: Im Surprisd btc still alive (Read 1140 times)
Bitcoin is still alive, and now it has been used as a currency by a country, and more countries will do the same in the future, and Bitcoin will only get better and better.
Too early to say that El Salvador is doing it officially, pretty sure that they have some measures before doing anything, remember that they are making it a legal tender and not just some replacement currency.
Bitcoin is still alive, and now it has been used as a currency by a country, and more countries will do the same in the future, and Bitcoin will only get better and better.
Fiat money gets devalued over time by design, bitcoin's supply is fixed by design and the demand for it is dictated by how known it is... we are still very early in that only a small fraction of the world's population knows about bitcoin. So with a fixed supply and a demand that can only be expected to increase in time, if anything bitcoin will be more alive than ever before as time goes on.
Fiat gives a huge advantage to the government since they can print the money and then spend it before the goods and services they want to acquire go up in price, not only this with the inflation tax they can tax the wealth of their citizens and steal their money without them realizing it, this is very insidious but it shows why people do not like fiat currencies and they are slowly coming to bitcoin as bitcoin is the completely opposite of this and it is becoming a store of value.It is just there are people who doesnt really like on getting mandated nor following up rules and intending to have their own instead and this is why we do see these kind of mentality.
Of course we do love freedom but of course there would be limitation and some consideration for us to go in the right order.
Fiat money gets devalued over time by design, bitcoin's supply is fixed by design and the demand for it is dictated by how known it is... we are still very early in that only a small fraction of the world's population knows about bitcoin. So with a fixed supply and a demand that can only be expected to increase in time, if anything bitcoin will be more alive than ever before as time goes on.
Fiat gives a huge advantage to the government since they can print the money and then spend it before the goods and services they want to acquire go up in price, not only this with the inflation tax they can tax the wealth of their citizens and steal their money without them realizing it, this is very insidious but it shows why people do not like fiat currencies and they are slowly coming to bitcoin as bitcoin is the completely opposite of this and it is becoming a store of value.
There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
bitcoin will definitely live on, and my thoughts on bitcoin are not the same as yours. bitcoin is increasingly in demand by many people and because of that bitcoin will stay alive. people are more interested in investing with bitcoin than with fiat money, because they think that fiat money will continue to be eroded by inflation. along with the development of technology, bitcoin becomes a new alternative for someone who wants to invest some of their wealth. so I think bitcoin will continue to live on, and get more and more valuable.ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
yes, agree with what you say, some fiat currencies in a country are deflating due to hyperinflation in that country. and this is one of the reasons bitcoin will be increasingly in demand by many people. you said that el Salvador and Venezuela have legalized bitcoin, and I'm sure there will be other countries that will follow in their footsteps.
Fiat money gets devalued over time by design, bitcoin's supply is fixed by design and the demand for it is dictated by how known it is... we are still very early in that only a small fraction of the world's population knows about bitcoin. So with a fixed supply and a demand that can only be expected to increase in time, if anything bitcoin will be more alive than ever before as time goes on.
Fiat gives a huge advantage to the government since they can print the money and then spend it before the goods and services they want to acquire go up in price, not only this with the inflation tax they can tax the wealth of their citizens and steal their money without them realizing it, this is very insidious but it shows why people do not like fiat currencies and they are slowly coming to bitcoin as bitcoin is the completely opposite of this and it is becoming a store of value.Fiat money gets devalued over time by design, bitcoin's supply is fixed by design and the demand for it is dictated by how known it is... we are still very early in that only a small fraction of the world's population knows about bitcoin. So with a fixed supply and a demand that can only be expected to increase in time, if anything bitcoin will be more alive than ever before as time goes on.
Fiat gives a huge advantage to the government since they can print the money and then spend it before the goods and services they want to acquire go up in price, not only this with the inflation tax they can tax the wealth of their citizens and steal their money without them realizing it, this is very insidious but it shows why people do not like fiat currencies and they are slowly coming to bitcoin as bitcoin is the completely opposite of this and it is becoming a store of value. There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
Bitcoin is alive because powerful people are invested in bitcoin and it's surprised for those people are inverted in bitcoin
There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
bitcoin will definitely live on, and my thoughts on bitcoin are not the same as yours. bitcoin is increasingly in demand by many people and because of that bitcoin will stay alive. people are more interested in investing with bitcoin than with fiat money, because they think that fiat money will continue to be eroded by inflation. along with the development of technology, bitcoin becomes a new alternative for someone who wants to invest some of their wealth. so I think bitcoin will continue to live on, and get more and more valuable.ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
Fiat money gets devalued over time by design, bitcoin's supply is fixed by design and the demand for it is dictated by how known it is... we are still very early in that only a small fraction of the world's population knows about bitcoin. So with a fixed supply and a demand that can only be expected to increase in time, if anything bitcoin will be more alive than ever before as time goes on.
There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
bitcoin will definitely live on, and my thoughts on bitcoin are not the same as yours. bitcoin is increasingly in demand by many people and because of that bitcoin will stay alive. people are more interested in investing with bitcoin than with fiat money, because they think that fiat money will continue to be eroded by inflation. along with the development of technology, bitcoin becomes a new alternative for someone who wants to invest some of their wealth. so I think bitcoin will continue to live on, and get more and more valuable.ETH is one of biggest.
Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.
So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.
So to Say to take money from people and scam them.
Bitcoin is still alive, and now it has been used as a currency by a country, and more countries will do the same in the future, and Bitcoin will only get better and better.
it is true that bitcoin has become a legal currency in a country, this is one step so that the future of bitcoin is getting brighter, but there is no certainty that other countries will follow the country's steps if the country's economy develops well. Of course other countries will follow suit but if the country is experiencing an economic downturn, of course other countries will not follow in the country's footsteps.
Bitcoin is still alive, and now it has been used as a currency by a country, and more countries will do the same in the future, and Bitcoin will only get better and better.
it is true that bitcoin has become a legal currency in a country, this is one step so that the future of bitcoin is getting brighter, but there is no certainty that other countries will follow the country's steps if the country's economy develops well. Of course other countries will follow suit but if the country is experiencing an economic downturn, of course other countries will not follow in the country's footsteps. Bitcoin is still alive, and now it has been used as a currency by a country, and more countries will do the same in the future, and Bitcoin will only get better and better.
Despite getting it banned in some countries, Bitcoin is still alive and will continue to survive. El Salvador took a great step by legalizing Bitcoin in their country. I hope more countries do the same.That would help their economy for sure, El Salvador is not a reach country based on the GDP by Country ranking.
https://www.worldometers.info/gdp/gdp-by-country/
With the help of bitcoin being legalized, the government could generate income from this as more money inflows will happen and they can make taxes out of that, and their people could easily make transactions outside the country with the help of crypto and bitcoin which is good for business.
Bitcoin has the largest network effect, Bitcoin has the strongest network effect, and severely outperforms any altcoin in the competition. According to the Real Bitcoin Dominance Index, it occupies a dominant position of approximately 80% in the cryptocurrency market compared to its competitors. So this is why Bitcoin beats other currencies and has existed for twelve years.
This is why the market cap is such a flawed metric, if someone creates a coin with 100 million coins in supply and one of those coins is sold for 1 dollar suddenly this coin has a market cap of 100 millions, as a rule of thumb when it comes to altcoins whenever I see their market cap I reduce it to only 5% of the number I see to get a more realistic idea of how much money is actually invested in the coin and how much support it has.
Explain this - how is El Salvador merchant going to price its goods in Bitcoin? Is his rent going to be in Bitcoin? Is he going to pay his employees in Bitcoin? Suppliers will charge him in Bitcoin??
It is going to be a cycle, I believe. As how it started it all, cryptocurrencies is aligned through what bitcoin had done for the market. If ever, ETH, or other vastly growing crypto currencies or coins today, will dominate and overwhelm the market, bitcoin won't be forgotten in the market and its degrading or lowering value will attract new and future investors and it will just be a cycle on the ups and downs on its trend. I think that's the case that will run for a very long time.
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You can even just distinguish some coins in the market that if it isn't near BTC then it is a shitcoin.Most probably those who aren't on the toppers.
However people shouldn't expect too much that BTC will lead them to their Lambo.
Well, you do know that eth is also facing the same problem that bitcoin is facing right now? Bitcoin is still alive till today because of how good it is. And when it comes to transaction bitcoin is one of the most secure cryptocurrencies for transactions, only the fees is what discourages a lot of people from making use of it.
That is exactly the fact mate, that Ethereum is much in trouble more than Bitcoin because people are trusting bitcoin forever that they can appreciate why the fees are so high but Ethereum? what coin is this to compare to bitcoin that sometimes it has more higher fee than BTC?yeah it is bitcoin that will stay alive to the last breath of our generation now.
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Even at that I have seen companies that sends payments using bitcoin, and I have not seen any company that is making use of any other cryptocurrency apart from this. If you’re going to be using transaction as a comparison, for sure there are lots of cryptocurrencies that are a lot better for transaction, but Ethereum wouldn’t be the choice for me, Tron is even better when it comes to making transactions.
Nope there are companies that also using altcoins ,but the main thing is Bitcoin is the most used and majority is having this in their plate compared to the 10% altcoins. Jump to: