Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
I really didn't get the point of why you asking such a question. Has no physical value doesn't mean that bitcoin doesn't exist or is just an imaginary thing, its existence is backed under coding/programming language though. A simple comparison, if you stop believing in the existence of phone's credit or maybe the internet quota whether both of it would disappear?
Topic: What if stop believing about bitcoin ? - page 7. (Read 1000 times)
If you said this in 1990, then we might have agreed with you. We might have believed you about bitcoin, or even if you told us in 2008, we might have agreed, but we can't ignore this one person. Do you know who this person is? Yes, it is Satoshi Nakamoto. He mightn't believe it, but he didn't ignore your word. It's just a little funny example, but in a serious case, don't include me in your list. Because I am the person who first heard about bitcoin in 2016 from a YouTube video, and from that time without knowing anything about this project, I became a fan of this technology. How could I stop believing in it? In 2016, I am just a 15-year-old boy. Just think about this.
Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
I really didn't get the point of why you asking such a question. Has no physical value doesn't mean that bitcoin doesn't exist or is just an imaginary thing, its existence is backed under coding/programming language though. A simple comparison, if you stop believing in the existence of phone's credit or maybe the internet quota whether both of it would disappear? 
This is such a hypothetical question, just like "what if we stopped all wars" or "what if criminals stopped commiting crimes". You know people don't just do something, there must always be a reason. So people can only massively lose faith if something makes them, like a succesful attack against it, a devastating bug, backdoor or weakness in the underlying cryptography, a global ban, etc. Such events are very unlikely, so it's pointless to worry about them.
Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
Since bitcoin has taken the world's attention with a value that has passed $50k, bitcoin has been highly trusted...bitcoin doesn't have a real physical like fiat and gold but it managed to make a lot of people rich because it made it past $50k, that's an amazing thing. CZ, Elon and also jack dorsey have said that bitcoin will continue to exist and its value will continue to rise.
Well definitely count me off on this one 
Beliefs are sometimes misinterpreted even there is already a lot of evidence available.
So yeah, would can this happen? Probably NO, Haven't you seen or feel the capabilities of Bitcoin itself? If not, then you are missing something big. Big in terms of opportunity. You wouldn't ask this one if you have been already. Bitcoin has no gold, but it has value, a value that is worth more than some of the available physical tradable items. Bitcoin is not gold, it's an ongoing innovation and the future.
Beliefs are sometimes misinterpreted even there is already a lot of evidence available.
So yeah, would can this happen? Probably NO, Haven't you seen or feel the capabilities of Bitcoin itself? If not, then you are missing something big. Big in terms of opportunity. You wouldn't ask this one if you have been already. Bitcoin has no gold, but it has value, a value that is worth more than some of the available physical tradable items. Bitcoin is not gold, it's an ongoing innovation and the future.
casascius bitcoin is a physical BTC, that should represent. butnwe all know BTC is meant to be a digital currency so it has to exist on the internet which today is just too big to fail. not even a government can stop it now so its not possible that we all will be uninterested to BTC and sell. its not gonna happen.
Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
Therefore Bitcoin from the beginning had nothing to do with certain countries, even by its nature it has only been established since it appeared only used by the community, does not exist on the basis of the state and also does not stand on the permission of any country. If you stop believing in Bitcoin, it won't change anything about the stability of many people. You don't have a big share and you won't change the price by 1%.So back to your level of belief whether the doubts are gone or just growing bigger seeing everyone realize how great Bitcoin has to be for the future.
thats because gold has a physical appearance and bitcoin doesnt . bitcoin exist on the virtual world so it only has a vritual value but take note , the virtual value that im talking about is real or also has the same equivalent value as fiat .
having no physical presence does not stop us from believing in btc because we are benefitting from it . if you want to stop because of that reason then fine , stop on your own but dont encourage someone .
having no physical presence does not stop us from believing in btc because we are benefitting from it . if you want to stop because of that reason then fine , stop on your own but dont encourage someone .
Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
Wrong, fiat money hasn't been backed by physical commodities since 1971, the year when the gold standard was "temporarily" taken off by Ronald Reagan. Moreover, most people believe that Bitcoin will succeed exactly because it has no physical presence. In essence, the lack of physicality, along with other important properties, is what enables bitcoin to be the best form of money mankind has ever seen. It is true that nowadays fiat money is mostly of digital nature too, but central banks won't allow you to transact freely, especially in places where the banking system doesn't exist whatsoever. Bitcoin, on the other hand, doesn't care whether or not the banking infrastructure exists. Bitcoin works wherever the Internet works. Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
Even before crypto had value, it already had a community thats why this forums exist. and after repeatedly showing the greatness of crypto and the convenience it provides in conducting transactions and other financial matters. many people have been helped by bitcoin and crypto. and the things you imagine are unlikely to happen.
In my opinion, such a scenario can also be regarded as quite possible. There may, of course, be different scenarios for the development of events, but this should not be discarded either.
Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
Even before crypto had value, it already had a community thats why this forums exist. and after repeatedly showing the greatness of crypto and the convenience it provides in conducting transactions and other financial matters. many people have been helped by bitcoin and crypto. and the things you imagine are unlikely to happen.
That question might have made sense back in 2009-2010 when we were first introduced to Bitcoin. It's irrelevant now because Bitcoin has survived and jumped over all hoops that have been put in its way. You can't question Bitcoin's existence or utility just because you can't see it or touch it. You don't see the air you breath either, but it's still there. For now, there is no reason to believe that people are going to abandon a decentralized technology that gives them power and control they don't have elsewhere.
A coin has got two sides. When the coin is tossed we don't know which side is gonna visible while landing. Same as that there'll be believers and non believers. We'll get to know the true value with time. This is quite a common thought of any human how to believe something that doesn't have physical presence. People who had such thoughts years back are now feeling bad of not believing. So, there is no compulsion to believe.
If you don't want to believe something that doesn't have physical presence then you just stand on the side and watch what the believers are making out of bitcoin.
If you don't want to believe something that doesn't have physical presence then you just stand on the side and watch what the believers are making out of bitcoin.
Bitcoin's value comes from the work done by the miners to mint those coins.
While mining and the amount of work that is done to provide one type of security for bitcoin, this work is not the definitive factor determining the value of bitcoin. As I said earlier value comes from utility not how much it costs to mine it.For example you can spend a ton of money trying to turn sea water to drinking water but you can't say the value of the water you produced is more than any other drinking water on the planet just because you spent a lot of money.
Bitcoin has no physical presence.
Are you aware of physical bitcoins? They are niche market in this forum under "Collectibles" and the ones who prepare them are well known to produce masterpieces of craftmanship.Read this (which I doubt you will) - https://en.bitcoin.it/wiki/Casascius_physical_bitcoins
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What if we just stop believing in bitcoin.
Your life, your choice.Quote
I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
Bitcoin's value comes from the work done by the miners to mint those coins. It is the "Proof" of the "Work" and therefore has value. Now the fiat price is a different thing. Once a coin has been minted, the seller determines a price at their wish and the buyer accepts a price at their wish. This determines the market price. This should not be confused as value of bitcoin - 1BTC is always 1BTC, but the fiat price may differ with time.As stated by others, gold itself is a piece of metal, why give it value in the first place? Because we need some "Standard" to price something against. That is how we determine prices of things that we need.
There's no believing or not believing in something you actually use ngl. It's like saying that everyone who uses fiat believes in fiat, and therefore I can safely assume that everyone that uses it is in a cult of fiat believers now am I right? Damn never knew I joined one lmao. Using my common sense again, using something doesn't need you to believe in it or not, it's just that, being used. It's like everyone is trying to put some overdramatic explanation over something so simple, beliefs? No, it's just Bitcoin being usable, that's it.
What if we just stop believing in bitcoin.
Bitcoin is not imaginary or a fairy tale for you to believe in it or not. Quote
It exists and it does provide a valuable utility that can and is being used by many people all around the world.
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again supporting this , it is not about if we believe or not but if how we can use this for our own advantage.".
bitcoin is one of the safest and fastest way to transact around the world.
There's ni physical Bitcoin like the fiat currency it's the same with the digital currency and also before the price of the bitcoin rise to only a few people see the potential of this coin to give a huge amount of profit but of course, only people trust this coin and now they are already rewarded. As of now, we see the potential of bitcoin do you think still someone does not want to believe with this profitable currency I guess not tons of people becomes a millionaire. Only weak hands don't support this coin.
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