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Topic: The Future of Bitcoin is the Community not the Government - page 8. (Read 721 times)

newbie
Activity: 5
Merit: 0
Everyone talks about bitcoin and their background, but who is actually the bitcoin behind us is still ambiguous
member
Activity: 224
Merit: 10
I think the root cause is still the imbalance between supply and demand.
If the value of bitcoin is to grow further, I think we need the success of the lightning network to change the current shortcomings of bitcoin, then bitcoin will be truly liquid.  Grin
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
Despite how furious the forces maybe against Bitcoin, Did you know that even if Bitcoin crashes today, and no one is buying Bitcoin, there will be no selling out and indirectly that cancels the crash and when the air is cleared again we start normally well and safe again?

not selling does NOT cancel out the crash. not selling can only slow down the crash but it will happen. you can see it in altcoins that are crashing these days despite so many bag holders holding on tight to their bags of worthless tokens.
what cancels out the crash is buying, in other words the demand. in simple terms there is always some sort of balance between those selling (supply) and those buying (demand) and if that balance is disturbed the price moves in a direction to re-establish that balance again.
for example when there is unlimited supply of some coin, it will continue to have a sell pressure on the market that no amount of demand in long run can cover so it will continue to go down. and when there is limited supply and the demand is growing (Like when more people adopt bitcoin) the price will continue to go up.
newbie
Activity: 201
Merit: 0
I think one day digital currency rule the world. Because anyone can exchange it all over the world. I think government make some policy to cope up digital money and normal currency.
newbie
Activity: 71
Merit: 0
Future actually depends on every factor regarding market value, Community involvement, Govt.'s appreciation and etc. But it is true that Involvement in cryptocurrency is the most important factor to influence or determine future of Crypto-space as well as BTC. More people involved in investing in BTC, the market becomes vaster.
newbie
Activity: 66
Merit: 0
i don't agree with your thought because if government of countries will not make BTC legal then it will not gonna expand. Of course the community play a vital role but government is the vital fact.
newbie
Activity: 27
Merit: 0
The government will not impact Bitcoin, bitcoin is independent in the future. In my opinion, since its inception, nobody knows about Bitcoin's father, which is a calculated anonymity. And the government will not be able to ban the impact of the community on Bitcoin. The future is just subjective predictions.
member
Activity: 266
Merit: 10
The future of bitcoins is partly depend on the government and the community. If the community of cryptotraders gives it full support and government decides to censor it ,the community effort will be useless. The government endorsement and approval is priority to future of bitcoins.
newbie
Activity: 53
Merit: 0
Sir unity is my hair The power of unity never shows its force No change is easily done It takes a lot of time Sometimes it takes years We want to do good and can.  But this does not make sense to others  And the same thing applies even to bittoin When you understand the technology of bitcoin.it will be all right. 
jr. member
Activity: 41
Merit: 1
Yes bitcoin is the future and wee all know that now bitcoin has gone down lower incomes but in the future bitcoin will rise
Amd now the government has advantage on bitcoin but in the future bitcoin will have community
jr. member
Activity: 122
Merit: 2
Most times I wonder who has the power in this market whether those fighting the Bitcoin or the community itself.

I know it's just not possible for everyone to have one mind in the market because we do not really come here together but there is much more that the community can do.

Despite how furious the forces maybe against Bitcoin, Did you know that even if Bitcoin crashes today, and no one is buying Bitcoin, there will be no selling out and indirectly that cancels the crash and when the air is cleared again we start normally well and safe again?

But this is very hard to happen because the government who is standing against Bitcoin also knows about that, and they will still be the ones to offer to buy and make people to lose their investments for a penny

I think it's time we update ourselves and stay stronger, because nothing can happen without the community involvement.
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