@OP, you should believe Bitcoin and not listen to that "famous streamers" so you don't think much about what they say. They can trying to manipulate the price but they can not control Bitcoin. You should be wise when looking the situation and not become too emotional because of many news out there. I don't care with those big players of institution or other "famous people" because I don't know how real they support for Bitcoin.
They can support Bitcoin now but when the situation change, they can against Bitcoin. They also look the situation and use it for their benefit. Besides that, if this is related to the politics, we will see many dramas happen to elite politics where they can change many time based on the current situation. You should not think much about that and hold your Bitcoin tight and sell it when you want to make a profit.
Topic: Is bitcoin slowly dying? (Read 648 times)
BTC is the coin that makes it through the decades to come, due to the reasons you and others described.
Our support should go to it and LTC, in my opinion.
These two are the examples of what to learn and follow.
Our support should go to it and LTC, in my opinion.
These two are the examples of what to learn and follow.
Litecoin and Monero. I feel they will be the most decentralized cryptocurrencies on the market after Bitcoin gets compromised. They will be our only salvation. Bitcoin's fundamentals are already dying with the introduction of spot ETFs. Wall Street has taken over the market.
Institutional investment companies (BlackRock, Fidelity, VanEck, etc) are already accumulating large amounts of BTC. Maybe they'll own the mining industry as well? I hope not. If all goes wrong, the community might launch a fork of their own. Problem solved.
Spikes in fees are okay-ish too - only if you use BTC for so many transactions it - may - cause some trouble, but they are mostly due to Runes and the likes of it, or due to the bull run itself.
Other than that, I agree with you.
Other than that, I agree with you.
Are you kidding? Spike in fee is Okay?
Is Bitcoin only meant to be hold? If its not convenient for day to day transaction, then it's safe to say that traditional system is more better. The reason why Op is bothered is simply because if it continues like that, it's not longer giving equal opportunity. You will not understand the atrocity of fees spike until you have to pay a transaction fee higher than the amount you want to send. Op concern really call for concern but I don't understand why he was specific about Africa in his post thou.
If the spike is only temporary - it's the reality we are in.
Is the minting of stuff that doesn't hold any value in truth okay? Everybody would answer differently
(mostly - of course, it's not okay).But if it's temporary and a transaction can be held and done afterward, when the storm from Runes / etc. is off - everybody would do just that, in my opinion.
Spikes in fees are okay-ish too - only if you use BTC for so many transactions it - may - cause some trouble, but they are mostly due to Runes and the likes of it, or due to the bull run itself.
Other than that, I agree with you.
Other than that, I agree with you.
Are you kidding? Spike in fee is Okay?
Is Bitcoin only meant to be hold? If its not convenient for day to day transaction, then it's safe to say that traditional system is more better. The reason why Op is bothered is simply because if it continues like that, it's not longer giving equal opportunity. You will not understand the atrocity of fees spike until you have to pay a transaction fee higher than the amount you want to send. Op concern really call for concern but I don't understand why he was specific about Africa in his post thou.
Well, I’m expecting huge changes in the future, and what you mentioned about possible manipulation? It is definitely a possible thing to happen. In fact, even now we can already see how much the influence of these wealthy countries is on the market price. This means that if these nations fully invest in bitcoin, manipulation could become more evident.
But honestly, I’m not afraid of that because I still believe that even in such situations, bitcoin will remain strong and profitable. I hold on to the hope that one day the whole world will realize its true value not just as an investment but as a tool for everyday transactions where we can benefit the most.
I think, OP, you'd rather continue to trust bitcoin rather than having some doubts
But honestly, I’m not afraid of that because I still believe that even in such situations, bitcoin will remain strong and profitable. I hold on to the hope that one day the whole world will realize its true value not just as an investment but as a tool for everyday transactions where we can benefit the most.
I think, OP, you'd rather continue to trust bitcoin rather than having some doubts
Having doubts is totally normal.
They just don't have to control what you think about something in the end.
BTC surely has things to overcome in the upcoming years, but it will be able to do so - because it is the only one out there with the capabilities to withstand these tests. It's the best candidate, currently.
Well, I’m expecting huge changes in the future, and what you mentioned about possible manipulation? It is definitely a possible thing to happen. In fact, even now we can already see how much the influence of these wealthy countries is on the market price. This means that if these nations fully invest in bitcoin, manipulation could become more evident.
But honestly, I’m not afraid of that because I still believe that even in such situations, bitcoin will remain strong and profitable. I hold on to the hope that one day the whole world will realize its true value not just as an investment but as a tool for everyday transactions where we can benefit the most.
I think, OP, you'd rather continue to trust bitcoin rather than having some doubts
But honestly, I’m not afraid of that because I still believe that even in such situations, bitcoin will remain strong and profitable. I hold on to the hope that one day the whole world will realize its true value not just as an investment but as a tool for everyday transactions where we can benefit the most.
I think, OP, you'd rather continue to trust bitcoin rather than having some doubts
Bitcoin was about freedom–giving people control of their money and breaking away from systems that keep them trapped but now it looks like it's becoming just another playground for the rich.
But i dont think all hope is lost. There are still projects and communities fighting for the people who started this movement–those focused on privacy, decentralization and financial freedom. Maybe we need to refocus on supporting them and remembering why we're here in the first place.
But i dont think all hope is lost. There are still projects and communities fighting for the people who started this movement–those focused on privacy, decentralization and financial freedom. Maybe we need to refocus on supporting them and remembering why we're here in the first place.
Of course. It's a playground for the rich. Why do you think they've wanted the SEC to approve spot ETFs in the first place? So they can manipulate market prices (and possibly Bitcoin itself) for their own benefit. Thank goodness BTC is an open source cryptocurrency. Otherwise, it would've been doomed by now.
Like I've stated before, the community can launch a new fork with decentralization and equitability in mind. It's like democracy vs autocracy. We all know democracy always wins. It enables progress, unlike autoritarianism which is often linked with communism/socialism. If BTC was closed source and centralized, then communism would've won. No matter how hard banks, governments, and the wealthy try, they will never be able to fully control it. Much less destroy it. So sit back and relax as there's nothing to worry about.
BTC is the coin that makes it through the decades to come, due to the reasons you and others described.
Our support should go to it and LTC, in my opinion.
These two are the examples of what to learn and follow.
Bitcoin was about freedom–giving people control of their money and breaking away from systems that keep them trapped but now it looks like it's becoming just another playground for the rich.
But i dont think all hope is lost. There are still projects and communities fighting for the people who started this movement–those focused on privacy, decentralization and financial freedom. Maybe we need to refocus on supporting them and remembering why we're here in the first place.
But i dont think all hope is lost. There are still projects and communities fighting for the people who started this movement–those focused on privacy, decentralization and financial freedom. Maybe we need to refocus on supporting them and remembering why we're here in the first place.
Of course. It's a playground for the rich. Why do you think they've wanted the SEC to approve spot ETFs in the first place? So they can manipulate market prices (and possibly Bitcoin itself) for their own benefit. Thank goodness BTC is an open source cryptocurrency. Otherwise, it would've been doomed by now.
Like I've stated before, the community can launch a new fork with decentralization and equitability in mind. It's like democracy vs autocracy. We all know democracy always wins. It enables progress, unlike autoritarianism which is often linked with communism/socialism. If BTC was closed source and centralized, then communism would've won. No matter how hard banks, governments, and the wealthy try, they will never be able to fully control it. Much less destroy it. So sit back and relax as there's nothing to worry about.
Since they are not the founder of BTC, I don't think they have the power to destroy BTC or stop the whole world not to have access to BTC than to do everything possible to allow their people to make use of BTC, because it will reduce so many things that will make the government to revive their economics. Many of them never thought of this current price of BTC in the market, but the price has changed many people mind to begin to have positive thinking towards BTC, on how to buy BTC when the price dump because they want to earn profit like the way bitcoiners are earning profits from BTC.
Some government are fully with us now op, because for El Salvador government to make BTC legal tender, it show that they like BTC and they are ready to invest some government money on BTC to continue earning profits to develop their country.
Some government are fully with us now op, because for El Salvador government to make BTC legal tender, it show that they like BTC and they are ready to invest some government money on BTC to continue earning profits to develop their country.
Yep - then again, what - could - be potentially done to do so from a common Bitcoiner?
Nothing.
Because BTC is intended for everybody willing to learn about it or believe in it. Better if both.
It is not all bad apples when it comes to big entities who own Bitcoin, those big entities are not only capitalist corporation that people are being paranoid about to control the majority of Bitcoin supply, there is also a country who could act as big player because of resources that its have, take El-Salvador for example, and for current elected USA president, they soon will join El-Salvador's step. Nothing.
Because BTC is intended for everybody willing to learn about it or believe in it. Better if both.
Yeah it is scary to think if those big entities who hold these big amount of Bitcoin would somehow shape the future regulation regarding Bitcoin. But with more big players are joining the Bitcoin scene, it could also be a good news that could raise its price and ofcourse it could also be a good news for use so called common Bitcoiner as it would also increase our profits.
It was inevitable that big players would step onto the scene if Bitcoin really took off, which it has been doing recently. Institutions are getting on board, nation-states are trying to grab a bite, and exciting times are ahead of us. That Pakistani woman or African man can still use bitcoin any way they want. The fact that the price is shooting upwards makes their holdings (regardless of how big or small) be worth more.
You can't be disheartened that people are making money on bitcoin or cashing out. Living a fulfilling, healthy, and happy life is better than being afraid to spend your coins and having regrets later on.
You can't be disheartened that people are making money on bitcoin or cashing out. Living a fulfilling, healthy, and happy life is better than being afraid to spend your coins and having regrets later on.
Big companies can buy what they want to, you cannot stop them from adopting and using crypto or use it a mode of investment. That was never the point of Satoshi, rather the use and spread of bitcoin is what we must think about.
Back at one time bitcoin users were like a cult, now it has started becoming mainstream and even then people are having problems. When are these people using bitcoin, happy?
In fact the term "dying" is meaningless here. Do we have to pull back the 99bitcoins' "bitcoin obituaries" joke once again? bitcoin is a concept, an idea and it cannot be killed as long as people are using it.
Back at one time bitcoin users were like a cult, now it has started becoming mainstream and even then people are having problems. When are these people using bitcoin, happy?
In fact the term "dying" is meaningless here. Do we have to pull back the 99bitcoins' "bitcoin obituaries" joke once again? bitcoin is a concept, an idea and it cannot be killed as long as people are using it.
Bitcoin was about freedom–giving people control of their money and breaking away from systems that keep them trapped but now it looks like it's becoming just another playground for the rich.
But i dont think all hope is lost. There are still projects and communities fighting for the people who started this movement–those focused on privacy, decentralization and financial freedom. Maybe we need to refocus on supporting them and remembering why we're here in the first place.
But i dont think all hope is lost. There are still projects and communities fighting for the people who started this movement–those focused on privacy, decentralization and financial freedom. Maybe we need to refocus on supporting them and remembering why we're here in the first place.
I would say that it is better not to listen to other people, OP because they will only change your mindset. Instead, stay focused on what is on your mind and stick to your goals. In fact, you have already know about Bitcoin since 2013, so I believe that you are well aware of how far it has come today.
The current situation shows us that Bitcoin has a promising future. Yes, fees will fluctuate over time, but I can’t imagine them reaching such highs. Maybe, but this person is just testing us to see how strong our belief really is. So, stay firm and trust the process!
The current situation shows us that Bitcoin has a promising future. Yes, fees will fluctuate over time, but I can’t imagine them reaching such highs. Maybe, but this person is just testing us to see how strong our belief really is. So, stay firm and trust the process!
These people are here to make money. They care zero about africans or privacy and they can dictate where the network has to go.
These people are not with us.
They are against us.
We are not the same.
What do you think about?
And transaction fee is very good most of the time ($0.71 for the highest priority at the time I'm writing this).
So there are spikes, there are some issues,
The spikes that we see from the fees is due to the price of Bitcoin and expect that the higher that it gets in the future, the higher fees in valuation to US dollars we'll see as well.So there are spikes, there are some issues,
but financial freedom that Bitcoin initially offered is still out there, still a choice people can make.
I agree. Everyone who's believing on it will get the financial freedom that they want. But it doesn't comes easy of course, someone who has to sacrifice some meals in able to DCA and as well as parties and late nights to check out the markets to see whether it's a good time to buy and accumulate more. Bitcoin as its function is still there but it just keeps on evolving over the period of time because of adoption. 
<.....>
It's always the government if you mentioned about the threat to bitcoin. The reason is simple enough which the government wants to control it but since bitcoin cannot be controlled so they find different ways to do it like creating their own exchange platform and they will make the central bank regulate it. This is what the government in my country did which they make one platform so that they can still benefit from it since controlling bitcoin isn't possible. 
I'm into crypto since 2013.
Since the beginning I've always seen cryptos as an instrument of liberation from government slavery and the tiranny of central banks and an empowering tool for the poorest.
Yes I'm glad BTC has become more valuable with time but I'm in firstly because I always intended it as an instrument to build a better world.
Above green candles I'm more glad when I see an interview with a poor guy from africa using btc for micropayment or a pakistani woman using it to free herself from a system that would otherwise repress her.
During all of these years I've been always skeptical about the different random guys shouting and putting themselves as great defender of btc from Peter McCormack, to bitcoinboy, from Tone Ways to any possible other person which acts as influencer.
When there was the blocksize war I put myself in the middle between Roger Ver and Jimmy Song but with time I've built a maximalist portfolio mainly with btc.
I also "hodl" eth and xmr.
Now that btc has gone mainstream it looks to be the time to newer big players and cryptos have become only as a way to make money from BlackRock to Microstrategy.
It looks everyone is forgiving where we are coming from. Not to mention people like trump who once called btc a scam.
The old ideals and the utopia for a better future are becoming only a rich scheme.
I've recently watched an interview with this new big idol Michael Saylor saying that 300k fee per transaction is ok and I'm losing my faith in btc.
I fear we are going into a direction where one day (if not even now) we'll be hostage of these big players overtaking the community ideals despite any decentralization.
These people are here to make money. They care zero about africans or privacy and they can dictate where the network has to go.
These people are not with us.
They are against us.
We are not the same.
What do you think about?
Since the beginning I've always seen cryptos as an instrument of liberation from government slavery and the tiranny of central banks and an empowering tool for the poorest.
Yes I'm glad BTC has become more valuable with time but I'm in firstly because I always intended it as an instrument to build a better world.
Above green candles I'm more glad when I see an interview with a poor guy from africa using btc for micropayment or a pakistani woman using it to free herself from a system that would otherwise repress her.
During all of these years I've been always skeptical about the different random guys shouting and putting themselves as great defender of btc from Peter McCormack, to bitcoinboy, from Tone Ways to any possible other person which acts as influencer.
When there was the blocksize war I put myself in the middle between Roger Ver and Jimmy Song but with time I've built a maximalist portfolio mainly with btc.
I also "hodl" eth and xmr.
Now that btc has gone mainstream it looks to be the time to newer big players and cryptos have become only as a way to make money from BlackRock to Microstrategy.
It looks everyone is forgiving where we are coming from. Not to mention people like trump who once called btc a scam.
The old ideals and the utopia for a better future are becoming only a rich scheme.
I've recently watched an interview with this new big idol Michael Saylor saying that 300k fee per transaction is ok and I'm losing my faith in btc.
I fear we are going into a direction where one day (if not even now) we'll be hostage of these big players overtaking the community ideals despite any decentralization.
These people are here to make money. They care zero about africans or privacy and they can dictate where the network has to go.
These people are not with us.
They are against us.
We are not the same.
What do you think about?
There is to lose faith in Bitcoin, its the people who adopt it but unfortunately its
decentralised and its impossible to stop a certain cohort of people from using it.
Bitcoin's usage has changed from what was projected in Satoshi's whitepaper.
I agree though with your sentiments. I think in the future there will be little or
no Bitcoin for sale, it will all be sequestered away by the worlds billionaires in
their wealth portfolios. Sequestered away for a long time.
I really admire MS for working out Bitcoins tool as a wealth preservation asset but
realistically he is advising big investors
These people are not with us.
They are against us.
We are not the same.
What do you think about?
They are against us.
We are not the same.
What do you think about?
This is why I miss leoleo
He literally welcomes any development around Bitcoin but you see privacy, he will never allow you to compromised it, sadly everyone want to make the money from Bitcoin and has neglect the things that are been discussed here, people don't value privacy any more and with this, only time will change before decentralization is completely out of Bitcoin, the elite will control Bitcoin and there is nothing to be done because they control the supply.If the US government is going to allow Bitcoin reserve, there is going to be consequences but we may not see them right now. Like you really want government to invest his money into something he can't control? He will dare not unless they have the assurance of enabling and disabling the market. As a matter of fact, that dump will be out completely so that outside people don't have to mess with their economy which is going to be at the cost of decentralization.
I agree with the op that we shouldn't be overly optimistic about rich influential people and shouldn't forget how they talked about Bitcoin in the past (like Trump did, or in case Elon Musk changes his mind again).
There's been more institutionalization, and Bitcoin without centralized platforms is certainly not for everyone. I think it's not even for most people. But Bitcoin with free non-custodial wallets and on-chain transactions is still out there, still an option. And transaction fee is very good most of the time ($0.71 for the highest priority at the time I'm writing this).
So there are spikes, there are some issues, but financial freedom that Bitcoin initially offered is still out there, still a choice people can make.
There's been more institutionalization, and Bitcoin without centralized platforms is certainly not for everyone. I think it's not even for most people. But Bitcoin with free non-custodial wallets and on-chain transactions is still out there, still an option. And transaction fee is very good most of the time ($0.71 for the highest priority at the time I'm writing this).
So there are spikes, there are some issues, but financial freedom that Bitcoin initially offered is still out there, still a choice people can make.
Why do you think the "Elites" are now praising Bitcoin? Because the market is too centralized. If it was decentralized, they wouldn't be interested in it. It's their game now. And there's nothing we can do about it. Especially with the approval of spot Bitcoin ETFs. Eventually, most of the BTC in circulation will end up in the hands of the "Elites" (or wealthy people).
I'd say BTC's fundamentals have been slowly dying ever since centralized exchanges became a thing. Before that, everything was "reds and roses". Now people only buy Bitcoin as a means to get rich quick. Not because they want to use it as currency or because they believe in it. At least the code is open source. We as a community can launch a new version of Bitcoin (fork) that will keep whales and the "Elite" out of the system. A truly-decentralized and equitative cryptocurrency that will prove to be a real alternative to traditional Fiat currencies. So all hope is not lost. I'd just sit back and relax.
Jump to: