Topic: Is bitcoin slowly dying? (Read 648 times)

@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.

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.

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.

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.

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

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.

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.

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.

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.   

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.

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.

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!

What’s actually the plan op? If I can remember bitcoin enthusiasts went against those big names speaking negative words about bitcoin till date. It’s said you’ll never know what you want and it’s obvious with everyone, now the big time is here bitcoin growth is going massive yet we all know Michael Saylor is just here for the money that’s why he mentioned such concerning the fees. They’re all wealthy men, still want to confirm why Trump is bitcoin friendly all of a sudden I guess that’s where the suspect is coming from, for example they can over hype the price but can never crash bitcoin. If I can remember average % of bitcoin holders are just there for the profit so in such situation what do you expect? They should stop holding and focus on something else possibly they know bitcoin is valuable so it’s hard maybe op should focus on privacy while others hold freely.

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.

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.

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

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.

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.

You are right about it, I thought I came across that topic before or something similar.
But then I didn't carry out much bitcoin transfer because already I moved enough quantity to the spends address and it took me weeks or month there about to perform another transactions.
I think most of the institutional investors are also traders who also collect people's money to trade and return specific amount to them either by monthly as they have planned it, sometimes when the price spike up the way it's they quickly makes double profit before the agreed date of their returns. I have people who does this at my state and they have office as well.

It mainly depends on what bitcoin means for you and how you think, or thought, it's going to develop: many hope that bitcoin will replace the US$, others hope bitcoin will be a worldwide currency, everything is possible but we also must be realistic and understand that something like that would take a ton of time. For the moment I'm more than happy that bitcoin gives me an alternative to the banks and to the fiat money.

Regarding the big players, well, there is money involved so someone will always try to make a profit, it doesn't matter whether it's bitcoin or oranges or rocks.

That is the point of main concentration of bitcoin, because I know Michel from micro strategy have said alit negative thing's against bitcoin from the unsent, but he was wise enough to retrace and adopt bitcoin when he realized that he just made a fool of himself by saying bitcoin is going to die some day's, but that was a long time ago, right now what we should focus on is the ability of fresh adoption to further enhance the green ecosystem in bitcoin,such as established government mining ring's which can boost bitcoin efficiency and the rest of them.

This fellas have become a big player in the bitcoin mainstream society, and for us to move to the next point we need this guy's to make some contributions, this is why bitcoin is open source both in theory and technical aspects.

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.

This happens to everything, look at video games, at first it was the thing of computer experts and similar minded people, then they went mainstream and now the spirit that initially fueled video games is completely gone, then it is not surprising that something similar is happening to bitcoin too, since the majority of the people buying bitcoin now, only do so because they want to obtain an economic benefit, and they could care less about the ideals that it represents.

The fees are only due to some events sparking them up - bull runs, Runes being hastily pumped and making lots of transactions, etc.
But BTC without LN and the likes of it isn't suited for such cases, in my opinion. People found its usability elsewhere. And that's a good thing, as BTC is still the king of crypto and can be called the gold of the digital era.

There's a reason why Bitcoin is referred to as digital gold and that is because it's price has surpassed silver and competing with gold and as it has become more expensive, it is better as a store of value or for long term investment plans.
One why also to show BTC isn't dying is that the success BTC has made in becoming a way paver for other cryptos and tokens in the decentralized space, made it allow other coins grow in usage and patronage and for everyday or anytime usage as payment , that's why altcoins are preferred for transactions rather than BTC which has huge fees.

Bitcoin has adapted to how people view it and use it.
That's it.
 
And we have much more to see in the future decades and how they would shape the space and BTC with it.

Bitcoin isn't dying, infact Bitcoin needs that increased adoption it is getting now from both institutional investors  the government and individuals to keep it going. The only issue which has tend to become a challenge to Bitcoin serving as a digital currency which was originally intended by Satoshi is the issue of bitcoin transaction fees. OP's concerns are very valid.

I miss those days when I do boast of  bitcoin's low transaction fees and how it is way better than the traditional banks. But now, alot has changed and Satoshi's original vision of a p2p digital currency has shifted, people now prefer to use bitcoin as a store of value or an investment and not a currency for daily transactions as it was intended to be.

In spite of all these, Bitcoin still isn't dying. Bitcoin still has value which is attracting more people to it.

They still wouldn't be the ones to have the benefit of holding more than everybody else - so one entity, or even a group of them, wouldn't be able to make it through, in my opinion.
Surely, - as time goes on, more people and big corpos are getting their fingers into BTC - but they still are not that interested in trying to control most of it or something along the lines of it.

It's true the fees is really cheap even though Bitcoin have made new ATH, however there was a time where Bitcoin fees went to 2.5K sat/vbyte due to runes. It's short time though and only happened for a day, so it doesn't affect to most people.

The existence of institutional investors by overall is bad for the long term, for now many people are benefited by them because they make Bitcoin price high without need to make the mempool congested.

But if they keep doing this, they might the one that own the most Bitcoin.

When you people dreamt of days when Bitcoin would be accepted globally as a means of payment, how did you think it was going to happen? You thought it would just become globally accepted without the top people getting involved in it? We all agreed that with time everybody will see the superiority of bitcoin, now that people are beginning to gain recognition over people who doubted it we have a problem?
I understand that there are people like Trump who have been against Bitcoin and now they're acting like they are the biggest believers of bitcoin, but it doesn't mean we should think bitcoin is dying. It's only getting more awareness and increasing adoption.
I don't think things like these should scare us, but we should also know that these people don't own bitcoin, and they don't control bitcoin. Bitcoin does not revolve around them.

If I could recall correctly from this year started I have never paid up to 100 sat/vbyte while doing transaction, and the minimal I have paid is 5 sat/vbyte and it wasn't that much for paying for transaction fee. About institutional investors; well, I don't see this to be a thing to worry about because they are also part of the ecological system were they also need to explore the fast changing financial system by adopting to Bitcoin to their overall system through investment, and of course there should be changes and positive effects to overall growth of bitcoin and expedite its price to be more attractive to other investors who were missing the whole technology by not investing at the right time.

You raise a good point and it’s something that a lot of bitcoin enthusiasts have also been concerned about before. The thing is bitcoin serves two purposes. One, to use as a currency. Two, an investment opportunity. I do think that both can co-exist and be true at the same time. It’s just that balance needs to be applied in order for bitcoin to be affordable enough to be used every day but still be against inflation so that we can hold our money in the long term in bitcoin.

These big names give exposure to bitcoin which allows for more adoption from different people from different parts of the world and also allows us to openly use bitcoin with no restrictions. I still wouldn’t say that bitcoin leans more towards the rich people now. Anyone can still buy units of bitcoin no matter how small. Which is to me, what makes it unique than other investment projects.

The idea that the flow of the mind cannot be controlled is completely wrong because one can control the flow of the mind by thinking in a healthy, normal brain. However, only some people can do this at present. In the current situation, no one can think healthily, so it becomes difficult to control the correct flow of the mind.

Now, there is more competition in this kind of competition about who can go further than work. This has become a trend at present. However, we need to remove this kind of confusion. If this continues, it will be seen that we will become liquid. We should not accept the flow of Bitcoin by being too emotional, it should be controlled. This has created a toxic situation regarding the overall behaviour of the market and how to deal with BTC. However, these will not last long; they will come out of them and move towards stability.

Even if it stays that way in the next few years, I still believe that people who will like Bitcoin will continue to grow and also adoption from many countries can also increase so that the trust of many people in Bitcoin will never decrease or decrease because Bitcoin has given more proof so far of its value in the eyes of many people and also its price in many markets. So the basic principles of Bitcoin will never be replaced by anything else even though in the future there are many things that can develop faster through any technology.

What? No one controls the flow of minds? Are you serious? Look at what television is capable of with its propaganda. Tens of millions of people are going crazy. In my country, it is especially noticeable. People do not want to think for themselves. They want to be led. So do not be deluded in this regard. It is time to take off the illusion you are in. Now is the time when manipulation is the norm.

The dangerous scenario would involve central banks controlled by governments, exactly. The Central banks could build up a power position in the Bitcoin ecosystem with a strategic reserve, and then exercise different types of pressure over the Bitcoin Core group to get influence on development.

I had opened a whole thread about that scenario so I don't want to repeat too much from there, but imagine a softfork with new features which enhance privacy (perhaps a Taproot enhancement, or a feature making Lightning more private). There could be various types of pressures, including some Central Banks threatening to sell their stashes (obviously in a "soft" way, e.g. stating that they can't continue holding their BTC for legal reasons if the feature is introduced), spreading fear about deep crashes into the Bitcoin community and thus making it unlikely that developers and miners approve that softfork.

This scenario is somewhat of a worst case but in my opinion not impossible.

IMO the big question is if the Bitcoin community is still ready to defend the cypherpunk ideals in such a scenario, or if it's more important that Bitcoin "goes to the moon" and becomes an "accepted and fully regulated and integrated financial asset". And you're completely correct that many core features of Bitcoin, including censorship resistance, would be in danger in such a scenario.

Are you concern about Bitcoin in Africa or the west trying to centralized Bitcoin? I thought going mainstream was what everyone wanted, everyone loves to see Bitcoin going to $1m, do you think that money to print that value was going to come from retailers like you and I? Obviously no, it will have to come from institutional investors and they don't come to spray you any money, every billion they are spending today, they will make sure they make 10x of what is been invesed.

Micheal Saylor is a business guy and has stood on business buying Bitcoin right from $12k and still buying even at $100k, you really expect him to say Bitcoin is for the poor? No, he will maximize the potential of Bitcoin as high as possible so that they can sell what is been invested in the future, that's there plan and that's what business is all about. I'm sorry but decentralization that I have seen many debate here is now history, people don't even care about that anymore, just the bag that's all.

Bitcoin's original ideals? Yes, they are slowly dying. Especially when centralization dominates the industry. Greedy corporations, banks, and governments are stockpiling BTC for their own benefit. They already dominate the market. Most people now consider BTC to be an investment tool than a currency (store of value). This is NOT what Satoshi wanted. Everything was supposed to be decentralized since day one. Yet, centralized exchanges have a large influence over market prices.

With spot Bitcoin ETFs approved in the US and abroad, we've essentially introduced the traditional financial system into Bitcoin. Something that BTC was meant to avoid in the first place. Satoshi created BTC as a response against banks' inherent failures (economic crisis of 2008). Having them on-board, greatly defeats Bitcoin's intended purpose. At least, Bitcoin's open source nature gives us some level of hope. What's stopping someone from creating a truly-decentralized version of it in the future?

I think that the biggest threats to bitcoin are not the central banks but the governments. Nowadays central banks are under governments' full control and do whatever the governments tell them. Even the CBDCs are introduced and are likely to be enforced by the governments and not the central banks. The original demand for CBDCs came from the governments who were afraid they would lose control over the population. so the governments demanded from the central banks to come with a something that would help them counter the spread of BTC as a way to make payment. Then the central banks came up with the idea of CBDCs which are pretty much the old bank (electronic) money under the disguise of crypto/decentralized money (and in fact they are neither of these).

So the governments want to keep the old fiat system that allows them to keep the people under full government control. Regarding BTC and other crypto money, the governments want to keep them as fully-transparent commodities that will be traded on exchanges for those who want to invest or play on the market. The recent regulations (AML5, AML6, MiCA, etc.) do everything possible to put crypto under strict government control, essentially defeating the purpose of the crypto as a payment method.

I can relate a bit to your feelings, however, I'm still more optimistic. The "get rich quick" sentiment is nothing new by the way; the novelty is the major institutional involvement.

Bitcoin has a quite complex system of checks and balances. If a single big player like Saylor tried to change something fundamentally, e.g. proposing a protocol upgrade and executing pressure on Bitcoin Core developers, then it is still likely that many other actors would reject that upgrade if it is directed against decentralization. An actor wanting to change something has not only to convince the Bitcoin Core devs, but also miners and minor holders. He can of course code his own client, but the 2016/2017 blocksize war showed that this approach is very likely to fail.

Still I think the community should stay alert, because that equilibrium is not impossible to change. The cypherpunk values should always be reminded and held up, also by social media influencers. I think this is still the case, judging also by the positive feedback the "OGs" (Greg Maxwell etc.) get when they appear here in the forum.

My biggest worry would be a Bitcoin dominated by Central Banks which try to influence development. I have nothing against Bitcoin being used as a part of a small strategic reserve of different nations, but if the dominance of these actors is too high, then a distortion of the check and balances system is possible. Again, if the community stays alert probably even Central Banks can't change Bitcoin's character, but if the community's character changes, then the pressure to remain in line with cypherpunk ideals could weaken eventually.

BTC was not created for any particular type of people, i see you mentioning Africa more than once there, BTC was not created for Africans or just the poor, BTC is freedom and anybody is free to use BTC. Do you want to stop someone from using BTC, because you feel they don't deserve to use it? You forget that BTC is censorship resistant; so you can't do that.

BTC is not dying, there is no need bringing up this kind of topic as so many people have already done so before. Use BTC in the way you want to, and let the next person do the same. If you are 'worried' about BTC, contribute to the network in your own way, i.e. by running a full node and use p2p services.

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.

No one could ignore the elephant in the room, with its current price, of course it is drawing those entities' attention also, it is tempting for sure. It has been concerning somehow as for personal holders who own only a friction of Bitcoin, but upon consideration on how free market works, there is no stopping them also, it is the nature of free market and capitalism, whether we like it or not, we have to accept this fact

Truly, I agree with you.
BTC can't stay in the shape in the minds of people that it was a year ago or a decade ago - it slightly follows the path of adoption in the world, and there are still obstacles to fight and look through to see it victorious.
It is still the most decentralized coin out there, and it still follows its core principles. Let it stay that way.

Bitcoin's decentralized blockchain means no one can really decide on where it goes. Sure, these big institutions like BlackRock and Michael Saylor might shake things up a bit, but places like Africa and Pakistan are still showing us how useful Bitcoin can be for folks without banking options.
Instead of losing faith, we should support projects and communities that focus on Bitcoin original mission which is decentralization and freedom of global finance system. The potential of the technology to enable privacy and inclusivity is quite strong, especially in the underserved regions. Bitcoin original purpose are not dying, it's just evolving with Bitcoin into its growing role in the increasingly complex global financial system.

Good to know that you have been into Bitcoin since 2013.

I do not know how the poorest will benefit as he will not have money in 2024 to buy Bitcoin. I do agree with your previous statement and I feel Bitcoin is still the one which will liberate us from financial institution but not the government.

Why only Africa or Pakistan why not think about countries in other continents where Bitcoin can change the lives of many people living in bad conditions? In the US itself, there are so many homeless and there are many who cannot afford to pay their bills even after working two shifts or even three. Do not conclude that Bitcoin can help or is meant for those citizens from particular countries or continents that are filled with corrupt leaders.


Everyone now wants a piece of Bitcoin and I guess this is what is called hype which will lead Bitcoin to a new ATH. We have already observed year after year Bitcoin reaching new higher price points, it is happening because new guys or organizations are now going for it. We cannot stop them as we do not have that kind of money but eventually, it will help in Bitcoin's adoption.

No one would be able to take the flow of BTC himself and change the sentiment on a whim - it's always multiple mechanical and other factors (in people's heads) that play out and change how the market behaves overall and BTC with it.
Nobody controls the flow of the minds - yet they can do what is in their power to lure those who use high leverage to get themselves liquidated 

The only thing I see that isn't going away any time soon or even forever is manipulation of price, especially from those who have thousands of Bitcoin in hold, but still this won't last for long, no form of Bitcoin manipulation lasted long, so relax yourself, Bitcoin isn't dying.

Just because someone or one organisation have enough money to buy Bitcoin doesn't mean they can now control it, Bitcoin still remain a decentralized digital currency, Bitcoin is for everyone.

Adoption-wise, we need big companies and the support of centralised power, they knew it is unstoppable that's why they are rushing it.

This is the natural flow of adoption, we cannot please everyone to buy bitcoin store it, and use it in the future so here comes the huge ones playing around the crypto. As they see it is being accepted in most countries, they will try to own as much as they want driving price and adoption. But essentially, OP is quite right, if most of bitcoins are owned by these big ballers then sure bitcoin is not a game changer anymore which will then we can go back to traditional one leaving them a useless digital currency to play with themselves lol

It's just that the fact that BTC is there got into the heads of entities that never considered it beforehand - now they take notes and see what's in store.
As time goes on, the situation would become even more crowded with such groups, in my opinion.

This is the peak of capitalism, beside the good side that Bitcoin is a free source, which means it meant for everyone publicly, everyone can own/buy it, and there is also a bad side for personal holder like us against a group of holders. Capitalism at its finest, it's us against everyone basically. Our money against everyone's money.

Spike in fee is not okay at all. Did you see when the fee got to 2000 sat/vbyte? Even getting to 500 sat/vbyte is not okay at all. It would be good if the fee is not going more than 10 sat/vbyte.

Also there is nothing to be worried about the institutional investors. If theyt do not get involved, that means bitcoin may not be significant as it is now. Institutions are after something that has promising future.

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.

Since you’re already a bitcoin maximalist I think I don’t need to tell you that bitcoin is for everyone, personally the new investors like the big institutions we now have are definitely a problem in terms of some areas but to me bitcoin can be treated as anything you would want it to be. Been an assets for investment as this institutions treat it or a currency just like those who use it for payment method treats. Also in terms of decentralization the network is still far ok as long as there is no censorship of transactions the only problem will be network fee which isn’t high all the time. For privacy bitcoin was never anonymous but rather pseudonymous which means you treat it either anonymously or not. So for now bitcoin is still ok for a regular user

Simply put - BTC can't go further adoption-wise without these big fellas, smaller institutions, and some govs making something with it.
It's natural and they wouldn't be able to harm it in a big way or for a long time, as long as there is no team-up with the exact cause of doing something bad towards BTC or crypto, in my opinion.

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?