Is Bitcoin trans-generational assets?

S A KHAIR

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Quote from: romero121 on February 11, 2023, 09:58:22 PM

Quote from: seoincorporation on February 11, 2023, 12:58:44 PM

Quote from: Blisszi on February 10, 2023, 01:48:50 AM

What's the hope of Bitcoin for our future generation?

Just like Satoshi mentioned, in the long run Bitcoin prize will be really high or zero, that's the only two options for the crypto coin, so, the future generations can join this party now or it will be too late in the future for them, because in some point if bitcoin price gets too high, it would be impossible for them to buy, or in other words, they will be late for this party,

For sure the price will reach high than going down to zero. Upon this it is good to join the party and enjoy than missing it. This is what the situation of the future generation. At some point if the price turns down to zero they miss a chance of experiencing how things work. So, just on the trust, making use of it is the best choice. Rather than raising questions OP needs to start using bitcoin which will let him understand the reality. Only through experience we can understand better than hearing from people around us.

Even Satoshi can't be sure so we shouldn't say for sure here. But we are bitcoin investors, and we need to believe in its future, so I also believe bitcoin will not go back to zero.

With the huge profits it can bring, I believe large institutions will not let it die easily, bitcoin is being viewed as a rgood profit game. So be confident in its future.

Darker45

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I believe so. As a matter of fact, if we buy Bitcoin today and intend to hodl it for the longest term possible, the most that will benefit from it will be our children and our children's children. And it's particularly timely to buy now when the price of Bitcoin is still low. It's not a matter of if but when that Bitcoin will reach $100,000 and even more. 1 Bitcoin today is still relatively affordable. Time will probably come you cannot buy it even with your entire life savings.

romero121

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Quote from: seoincorporation on February 11, 2023, 12:58:44 PM

Quote from: Blisszi on February 10, 2023, 01:48:50 AM

What's the hope of Bitcoin for our future generation?

Just like Satoshi mentioned, in the long run Bitcoin prize will be really high or zero, that's the only two options for the crypto coin, so, the future generations can join this party now or it will be too late in the future for them, because in some point if bitcoin price gets too high, it would be impossible for them to buy, or in other words, they will be late for this party,

For sure the price will reach high than going down to zero. Upon this it is good to join the party and enjoy than missing it. This is what the situation of the future generation. At some point if the price turns down to zero they miss a chance of experiencing how things work. So, just on the trust, making use of it is the best choice. Rather than raising questions OP needs to start using bitcoin which will let him understand the reality. Only through experience we can understand better than hearing from people around us.

pawanjain

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Quote from: Blisszi on February 10, 2023, 01:48:50 AM

I believe it's struck your mind sometimes to be conscious of what your doing investing in bitcoin thinking it might vanished over night like ponzi skims or the current bearing down threads that has happen over without reversing, if you like if this stuff keep going down, I will sharply and smartly take off my investment but guy's there is good news I guess but I don't have the technical and fervent knowledge of cryptosystem, that's while we are throwing threading questions to the forum, bitcoiners, gurus of the business to expatriate of it.

So guy's what do you think?
What's your ideas and knowledge?
What's the hope of Bitcoin for our future generation?
What's do we expect fears or braveness?

Your questions are genuine but if you really want to know the answers to your questions then you should start reading more about bitcoin.
Surely you will get many answers on this thread now that you have raised your queries but the difference will be huge if you find the answers by yourself from reading about bitcoin.
Start reading the tech behind bitcoin. Not only all your questions will be answered but you will start believing in the tech and this will make you hold your coins with more determination.

seoincorporation

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Quote from: Blisszi on February 10, 2023, 01:48:50 AM

What's the hope of Bitcoin for our future generation?

Just like Satoshi mentioned, in the long run Bitcoin prize will be really high or zero, that's the only two options for the crypto coin, so, the future generations can join this party now or it will be too late in the future for them, because in some point if bitcoin price gets too high, it would be impossible for them to buy, or in other words, they will be late for this party,

Henrobakkara

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Quote from: Blisszi on February 10, 2023, 01:48:50 AM

I believe it's struck your mind sometimes to be conscious of what your doing investing in bitcoin thinking it might vanished over night like ponzi skims or the current bearing down threads that has happen over without reversing, if you like if this stuff keep going down, I will sharply and smartly take off my investment but guy's there is good news I guess but I don't have the technical and fervent knowledge of cryptosystem, that's while we are throwing threading questions to the forum, bitcoiners, gurus of the business to expatriate of it.

So guy's what do you think?
What's your ideas and knowledge?
What's the hope of Bitcoin for our future generation?
What's do we expect fears or braveness?

I believe that basically, you want to be convinced that Bitcoin is something that will last from generation to generation because this is what I read from your question and I don't think anyone can really tell you that. However, if you do believe in Bitcoin then investing in Bitcoin now and probably making earnings from it that will last another generation if well managed which is sure, or maybe Bitcoin itself will continue even after all has been mined for many decades whether as a speculative financial instrument and as a continues payment currency.

yudi09

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Quote from: OgNasty on February 10, 2023, 01:18:47 PM

Quote from: yudi09 on February 10, 2023, 03:29:05 AM

No one really knew that Bitcoin could be as valuable as it is today from being so worthless that a large amount could only get you a slice of Pizza.

I wouldn't say nobody knew it was going to be extremely valuable. I think back when it was under $10 I was telling people that my valuation of the network put it at a per coin value of around $4,000. Nobody cared because at the time most of the people in this community had no idea what market caps were. I recall arguing with people who were saying Bitcoin would go to below a penny and thinking they must be extremely dumb or ignorant to how assets are valued. Imagine thinking now that a coin facilitating trade in the hundreds of millions per year (yes, even back then) could have a market cap in the low thousands of dollars...

Only a small percentage can read and interpret everything we say. Maybe Bitcoin at that time, which was not widely known by many people in the community, would be as valuable as it is today.

From Bitcoin's journey I can answer that what is needed is the belief that Bitcoin will be the most valuable asset in the future behind the fears that some people have.
If seen and studied further, Bitcoin has provided answers to many people that Bitcoin is the way for those who have doubts about it from various points of view.

South Park

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Quote from: hatshepsut93 on February 10, 2023, 02:17:07 PM

Bitcoin is an experimental technology that struggles to get widely adopted. You can be fairly confident that Bitcoin will still exist in 20-30 years because of its highly resilient architecture, but whether it will retain its value - that's not very clear. There are reasons to be optimistic, like extrapolating the current price history or hoping for more adoption; but also reasons to be worried - 20-30 years is a long period, a lot can change, the adoption dynamic could reverse, confidence in Bitcoin could degrade over time.

It is too soon to tell because not even a generation has passed since bitcoin was created, I believe it has the potential to be an asset like that similar to what we see with gold today, but potential is not the same as being a reality, who knows what it may happen during the next decades which could change everything and then bitcoin is no longer the asset we thought it was, so like always we need to keep our eyes open and see how this market develops before we make any hasty conclusion.

Dunamisx

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Quote from: sha420hashcollision on February 10, 2023, 02:02:33 AM

There is hope but you SHOULD NOT base your hope on other peoples hope. Do your own research and figure out for yourself why you should have hope. It is not easy to do but it is necessary if you want to see actual change. Relying on hope is not what got bitcoin to a 400 billion dollar market cap.

You're right, there must have been a level of research you would have conducted to give you this bold courage about Bitcoin, not until you sat down to discover these reality with Bitcoin you might end up not achieving anything even as the years goes on, we learn Bitcoin because we want to understand the reason why it's the most preferred digital currency, if one work by what people say and not knowing how to go about with Bitcoin it's then nothing but a waste of time,which means knowledge is the most valuable asset of digital currency and with this you can invest and continue till generations to come.

The Cryptovator

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Please stop from comparing Bitcoin to a Ponzi scheme straight away. Both are essentially different from one another and are unrelated. Even if use of Bitcoin is still not very widespread, I remain optimistic about it. When individuals give up, bitcoin starts to grow. Therefore, the goal for Bitcoin is that it will develop further as a decentralized, digital money that offers a substitute for established fiat currencies. I believe cryptocurrencies like Bitcoin and others have the potential to be accepted everywhere as a form of payment and a store of value, giving users financial independence and freedom from centralized financial institutions.

hatshepsut93

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Bitcoin is an experimental technology that struggles to get widely adopted. You can be fairly confident that Bitcoin will still exist in 20-30 years because of its highly resilient architecture, but whether it will retain its value - that's not very clear. There are reasons to be optimistic, like extrapolating the current price history or hoping for more adoption; but also reasons to be worried - 20-30 years is a long period, a lot can change, the adoption dynamic could reverse, confidence in Bitcoin could degrade over time.

so98nn

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I would say bitcoin is not going to alter the course of fiat usage neither it is gonna alter the minds of peeps using it. Bitcoin is just alternative if you want to be your own bank, if you want unquestionable store value then bitcoin has got your back.

However, it would be unrealistic to say that bitcoin will be trans generational kinda currency. Basically it misses many pieces to the puzzle. From its limited circulation to the complete understanding for common man and much more.

OgNasty

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Quote from: yudi09 on February 10, 2023, 03:29:05 AM

No one really knew that Bitcoin could be as valuable as it is today from being so worthless that a large amount could only get you a slice of Pizza.

I wouldn't say nobody knew it was going to be extremely valuable. I think back when it was under $10 I was telling people that my valuation of the network put it at a per coin value of around $4,000. Nobody cared because at the time most of the people in this community had no idea what market caps were. I recall arguing with people who were saying Bitcoin would go to below a penny and thinking they must be extremely dumb or ignorant to how assets are valued. Imagine thinking now that a coin facilitating trade in the hundreds of millions per year (yes, even back then) could have a market cap in the low thousands of dollars...

joniboini

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Quote from: Blisszi on February 10, 2023, 08:35:07 AM

Though I still do not totally say I will put all my eggs in one basket but I still in the future of bitcoin

Even if you genuinely believe that Bitcoin will prevail hundred years later, there is nothing terrible about preparing for a short-term shakeout so that you can still live comfortably. At the end of the day, if your goal in investing/using Bitcoin is to be financially stable, then you should expect some ups and downs and prepare your plan. This is not limited to Bitcoin btw, golds, stocks other assets work the same. The key differences are timeframe and market maturity IMO.

CryptoHeadlineNews

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Quote from: Blisszi on February 10, 2023, 01:48:50 AM

I believe it's struck your mind sometimes to be conscious of what your doing investing in bitcoin thinking it might vanished over night like ponzi skims or the current bearing down threads that has happen over without reversing, if you like if this stuff keep going down, I will sharply and smartly take off my investment but guy's there is good news I guess but I don't have the technical and fervent knowledge of cryptosystem, that's while we are throwing threading questions to the forum, bitcoiners, gurus of the business to expatriate of it.

So guy's what do you think?
What's your ideas and knowledge?
What's the hope of Bitcoin for our future generation?
What's do we expect fears or braveness?

100 years is quite a long period of time for anyone to start getting worried over what may or may not happen in such a long period of time, because from what I know and believe about Bitcoin, I'm sure its a digital currency that may even last more than a century, due to it's decentralized nature whereby giving users control over their finance, borderless, globally accepted, fast and cheaper for sending money across borders using fiat.

Flexystar

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Nah, bitcoin wont go explode overnight just like that. It is well deep rooted asset now and its everywhere, those who have accessed, downloaded a wallet, surfed a chain, mining devices and framework around the globe and basically internet. There is no way this data will get deleted overnight and the fail safe coding was already done by the satoshi. That is why we have hundreds and thousands of confirmation of every transaction which means that much times it was checked and verified by the miners and it's being store in the nodes. Practically the database has been copied so many times that it is now next to impossible to delete or manipulate. Thus, it will keep running even I am in my corpse suit in 80 years from now. Cheesy

Blisszi

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Quote from: sha420hashcollision on February 10, 2023, 02:02:33 AM

There is hope but you SHOULD NOT base your hope on other peoples hope. Do your own research and figure out for yourself why you should have hope. It is not easy to do but it is necessary if you want to see actual change. Relying on hope is not what got bitcoin to a 400 billion dollar market cap.

Yes I agreed with you, I do not totally put my hope on it, though humans sometimes we feel insecure over what you're doing. I know many people do not believe on bitcoin maybe because of past experience on internet but is good to if what you're doing has a future to hold on to, with that you will be comfortably introducing to others.
People worries too much this days probably because of price depreciating to this point and the pulled out of some countries bitcoin investment like China. Though I still do not totally say I will put all my eggs in one basket but I still in the future of bitcoin

taufik123

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Bitcoin has the potential to be an alternative payment tool and an asset with stable prices in the future. Some people hope that with the existence of blockchain and cryptography technology, Bitcoin can help address some security and privacy problems in the current payment system.

It is important to remember that although Bitcoin has the potential to be an efficient and secure payment tool, there are still many things that need to be learned and resolved before the technology can be widely used. As with anything new and emerging, there are still many unknowns and risks to consider.

Therefore, to understand and consider the potential risks and benefits before investing in Bitcoin or other cryptocurrency technology, it is advisable to consult with financial and technology experts or discuss in forums and seek information that can help you understand the risks and make the right decisions.

Aanuoluwatofunmi

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Quote from: Blisszi on February 10, 2023, 01:48:50 AM

What's the hope of Bitcoin for our future generation?
What's do we expect fears or braveness?

No matter how we convince you enough if you're not ready and willing to take the risk and inves then you may not participate in the future opportunities that comes with those investing, this same thing was experienced when bitcoin was newly introduced, some doubt about it while some where complacence in their decision, some were there standing and watching through the bulls and the bears always observing and here we are today, forget about what people will say or think, when you make good profit from your investment no one will query you regarding that, we must learn to be solely responsible for ourselves and how we can begin is in taking the first and bold step approaching bitcoin investment.

EarnOnVictor

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The future of Bitcoin is bright in the next decade, but the world government might still be a threat in the long run. The coin has done well for itself in years and would see more adoptions afterwards. But there would always be an alternative that would want to displace it over time which would be the ulterior plan of the government to tap into the blockchain technology but in a more centralized manner, thereby waging war on the exiting ones later.

Aside from this, I see no threat to the future of Bitcoin in both the near and far terms.

HeRetiK

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I believe it has the potential and it sure tries to be, but trans-generational is such a long timeframe that it's impossible to predict.

I'd say it has better survival chances than a lot of assets, but some of course are hard to beat. For example, the way I see it, Bitcoin will likely survive 90% of currently publicly traded companies. But on the other hand it's unlikely to outlive land ownership. Gold is, in my highly speculative opinion, somewhere in the middle, depending on whether mankind will ever manage to mine precious metals outside of earth.

But I'm biased, of course, and just wildly speculating. So don't base any decision making on it.

yudi09

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No one really knew that Bitcoin could be as valuable as it is today from being so worthless that a large amount could only get you a slice of Pizza.
Furthermore, before the Bitcoin price reached the All Time High (ATH) at $69K which was reached on November 10, 2021, who would have thought it could drop back to $16K.

What we need to strengthen our knowledge about Bitcoin is the belief that Bitcoin is an asset that has a strong foundation even though a limited number of Bitcoins are created.
There is no special knowledge apart from that belief my friend.

mk4

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Maybe try asking specific questions instead. Your questions are so broad that you might as well ask us what the meaning of life is.

But if you want to learn..

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

Solosanz

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If you or someone think Bitcoin will be vanished over night, such kind people shouldn't invest Bitcoin in the first place since they still doesn't know what's Bitcoin, how's work, the security and the reason why you want to invest in Bitcoin.

There are a lot thread have explain about Bitcoin and some people creating thread about the possible way Bitcoin will dead in the future, just use search engine in this forum and read the other people replies.

Some keyword about this matter:
1. Quantum computing
2. Recession
3. Hashrate dropping
4. Huge amount Bitcoin moved
5. CEX and centralized entity bankrupt

sha420hashcollision

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There is hope but you SHOULD NOT base your hope on other peoples hope. Do your own research and figure out for yourself why you should have hope. It is not easy to do but it is necessary if you want to see actual change. Relying on hope is not what got bitcoin to a 400 billion dollar market cap.

Blisszi

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I believe it's struck your mind sometimes to be conscious of what your doing investing in bitcoin thinking it might vanished over night like ponzi skims or the current bearing down threads that has happen over without reversing, if you like if this stuff keep going down, I will sharply and smartly take off my investment but guy's there is good news I guess but I don't have the technical and fervent knowledge of cryptosystem, that's while we are throwing threading questions to the forum, bitcoiners, gurus of the business to expatriate of it.

So guy's what do you think?
What's your ideas and knowledge?
What's the hope of Bitcoin for our future generation?
What's do we expect fears or braveness?

Topic: Is Bitcoin trans-generational assets? (Read 243 times)