What is the future of bitcoin without powerful nations? - page 3.

livingfree

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Quote from: lixer on March 02, 2023, 02:55:50 PM

We already saw how Bitcoin climb up to $69k last time. If only not because of the bear market, it still can reach for more. This only shows that BTC can do well without the help of other powerful nations.

That's the peak of the cycle and that's fine, it's a lot of gain already and we have to see it gain more for the next bull run. Yeah, we want to see it grow more but that's the highest that it can make.

And even without the help of nations, powerful or not, bitcoin will still be able to make it even if we're the only one staying in the market. There might not be enough money to flow if they're not here but that's for the market to decide.

People shouldn't underestimate the power of bitcoin even it's only on its own, it has got the entire crypto marketing backing it up.

lixer

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Quote from: Reatim on March 01, 2023, 01:09:14 AM

Quote from: MusaPk on February 28, 2023, 03:43:19 AM

Bitcoin is designed against the financial system that is abusing the consumers for centuries. Since the financial system is under direct control of government, that's the prime reason why they are against the bitcoin.
I don't think Bitcoin is in danger because of opposition from government side. See how much bitcoin has progressed despite opposition from governments. Bitcoin is not only censorship resilient but also government opposition resilient.

maybe they are successfully rejecting the advantage of bitcoin for the people but till when? nowadays people are learning and learning about the advantage of decentralization and with those? Government in the future will have no choice but to admit that fact and let people use and support crypto.
I know that this will take time but eventually it will happen.
as we are now counting more and more people getting inside this market and investing and using crypto as transaction payments.

I think it can still run for a couple of years up until many countries have successfully adopted Bitcoin and that is the time they will re-consider their decisions if they will now unban BTC or not. I think Majority of the people nowadays joined Bitcoin because of the potential profit that it can give to them and only a few of these people care about its decentralized feature but I guess that was still fine as buying and hodling was still an act of supporting Bitcoin.

We already saw how Bitcoin climb up to $69k last time. If only not because of the bear market, it still can reach for more. This only shows that BTC can do well without the help of other powerful nations.

Silberman

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Quote from: yhiaali3 on February 25, 2023, 03:00:13 PM

Certainly, the future of Bitcoin will be much better without the intervention of the governments of powerful countries. These governments are trying to impose their control over Bitcoin because they simply reject decentralization and want to keep their control over everything.

But on the other hand, Bitcoin cannot have a good future without the approval of governments to accept Bitcoin as a currency, at least, because without the approval of governments, people will remain in danger and work in secret so that they will not be discovered, so it is very necessary for governments to recognize Bitcoin in order for Bitcoin to flourish and people can work freely.

It could happen but the only way I see governments accepting bitcoin as completely as you want is for the economy to crash so hard that people begin to use bitcoin out of necessity, then the governments will try to fight it and the people will resist and then force the hand of the government, now some may think this is too much and that such a scenario may never happen, but it is the only way to gain the adoption we want as otherwise people are going to keep using fiat despite all the disadvantages that it brings to them.

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Quote from: Charmekkd on February 25, 2023, 10:13:07 PM

bitcoin is not specifically for a particular country but bitcoin is made for people who are interested in investing in it, so in my opinion bitcoin will not fall because it is not controlled by the state but by enthusiasts, so in my opinion bitcoin for the future certain be bright.

I think that you should not forget that if the value of bitcoin was coming from the demand to buy it. You can try to take some data when people from the powerful nation have not yet adopted bitcoin. The price was very low. It has ever been worth a few dollars only.
A different thing happened when so many people from powerful nations came to adopt bitcoin. Powerful nations have better economic conditions compared to non-powerful countries.

The demand was driving the price to go up. People from wealthy countries will be able to give more value to bitcoin than people from poor countries. Big demand x limited supply = value increase
The same thing is just also happening with altcoin.

Reatim

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Quote from: MusaPk on February 28, 2023, 03:43:19 AM

Bitcoin is designed against the financial system that is abusing the consumers for centuries. Since the financial system is under direct control of government, that's the prime reason why they are against the bitcoin.
I don't think Bitcoin is in danger because of opposition from government side. See how much bitcoin has progressed despite opposition from governments. Bitcoin is not only censorship resilient but also government opposition resilient.

maybe they are successfully rejecting the advantage of bitcoin for the people but till when? nowadays people are learning and learning about the advantage of decentralization and with those? Government in the future will have no choice but to admit that fact and let people use and support crypto.
I know that this will take time but eventually it will happen.
as we are now counting more and more people getting inside this market and investing and using crypto as transaction payments.

$anounimus$

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Quote from: MusaPk on February 28, 2023, 03:43:19 AM

Quote from: yhiaali3 on February 25, 2023, 03:00:13 PM

Certainly, the future of Bitcoin will be much better without the intervention of the governments of powerful countries. These governments are trying to impose their control over Bitcoin because they simply reject decentralization and want to keep their control over everything.

But on the other hand, Bitcoin cannot have a good future without the approval of governments to accept Bitcoin as a currency, at least, because without the approval of governments, people will remain in danger and work in secret so that they will not be discovered, so it is very necessary for governments to recognize Bitcoin in order for Bitcoin to flourish and people can work freely.

Bitcoin is designed against the financial system that is abusing the consumers for centuries. Since the financial system is under direct control of government, that's the prime reason why they are against the bitcoin.
I don't think Bitcoin is in danger because of opposition from government side. See how much bitcoin has progressed despite opposition from governments. Bitcoin is not only censorship resilient but also government opposition resilient.

I guess Bitcoin will get better space soon. Slowly the government will support the presence of Bitcoin, but of course with very clear rules and not mutually detrimental to the financial system that is being run by the government itself.

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva warned that crypto assets, aka cryptocurrencies, must be a concern for policy makers in the world. Because, without strong rules, the turmoil of these digital commodities risks causing national and world financial stability.

Meanwhile, United States Secretary of Finance Janet Yellen on different occasions said that she did not recommend direct banning of activities related to cryptocurrencies.

source:
https://www.google.com/amp/s/m.bisnis.com/amp/read/20230227/94/1631937/imf-beri-kode-soal-asset-kripto-alias-cryptocurrency

MusaPk

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Quote from: yhiaali3 on February 25, 2023, 03:00:13 PM

Certainly, the future of Bitcoin will be much better without the intervention of the governments of powerful countries. These governments are trying to impose their control over Bitcoin because they simply reject decentralization and want to keep their control over everything.

But on the other hand, Bitcoin cannot have a good future without the approval of governments to accept Bitcoin as a currency, at least, because without the approval of governments, people will remain in danger and work in secret so that they will not be discovered, so it is very necessary for governments to recognize Bitcoin in order for Bitcoin to flourish and people can work freely.

Bitcoin is designed against the financial system that is abusing the consumers for centuries. Since the financial system is under direct control of government, that's the prime reason why they are against the bitcoin.
I don't think Bitcoin is in danger because of opposition from government side. See how much bitcoin has progressed despite opposition from governments. Bitcoin is not only censorship resilient but also government opposition resilient.

btc78

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Quote from: Charmekkd on February 25, 2023, 10:13:07 PM

bitcoin is not specifically for a particular country but bitcoin is made for people who are interested in investing in it, so in my opinion bitcoin will not fall because it is not controlled by the state but by enthusiasts, so in my opinion bitcoin for the future certain be bright.

Why keep asking about bitcoin to be investment when the truth is Bitcoin is to be used as currency and not just for investment and Holding because it is given right?

cryptoCURRENCY so how do you call this always as investing material?
and also as enthusiast word? I rather call it as believer lol.that is bitcoin.

Charmekkd

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bitcoin is not specifically for a particular country but bitcoin is made for people who are interested in investing in it, so in my opinion bitcoin will not fall because it is not controlled by the state but by enthusiasts, so in my opinion bitcoin for the future certain be bright.

yhiaali3

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Certainly, the future of Bitcoin will be much better without the intervention of the governments of powerful countries. These governments are trying to impose their control over Bitcoin because they simply reject decentralization and want to keep their control over everything.

But on the other hand, Bitcoin cannot have a good future without the approval of governments to accept Bitcoin as a currency, at least, because without the approval of governments, people will remain in danger and work in secret so that they will not be discovered, so it is very necessary for governments to recognize Bitcoin in order for Bitcoin to flourish and people can work freely.

Silberman

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Quote from: TimeTeller on February 22, 2023, 04:28:10 PM

Quote from: WatChe on February 22, 2023, 01:19:08 PM

Bitcoin despite too much opposition from big powers BTC is still holding its ground. Bitcoin it will continue to progress since it has a strong community that backs it up. In its one decade long journey there is no single big power that has accepted bitcoin in its decentralized state. Still we saw Bitcoin going from zero to 67k$ in one decade. I have no confusion in saying that big powers will continue to oppose Bitcoin and Bitcoin will keep going up due to backing of community that is distributed globally.

A very good example was when China, with economic power, made a ban on btc and crypto in general.
Yes, it had an impact at that moment, but look at where we are now, btc is still going strong.
With this scenario, it means, btc doesn't need backing from big powers, it will continue to exist as long as there is community supporting this market.
As we have observed, this market doesn't need powerful nations to survive, but of course endorsement from them would boost the adoption.

Correct, the adoption of bitcoin by governments will boost adoption and the awareness in that country, but it is not a requisite for bitcoin to survive or to thrive, bitcoin can survive without the support of the government or even if it is made illegal, as it is the case in some countries already, so people should not be too worried about this, especially if they live in a country in which bitcoin is legal to use and they are not going to face any persecution because of it.

btc78

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Quote from: KennyR on February 19, 2023, 07:36:43 PM

Bitcoin isn't developed to be used by any particular country or corporate network. The technology can be used anywhere and bitcoin is developed with the objective to remove the middle man.

indeed, yet some countries wanted to take this as their own or else they will hate it things that made crypto or bitcoin to be harder being adopted , but with all of us supporting and using instead of keeping as holding? then the chance of adaptation will happen SOon.

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Here growth depends upon the common people, more the usage more will be the growth. At times mass adoption happens when positive moves taken from the large economies. It means they've got control over the market to some extent which can't be denied. But the users are key elements.

well , it is demand and supply , the more people demanding is the more supply needed and the price will increase.
market will continue as this because we have seen this happening up to now.

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Quote from: TimeTeller on February 22, 2023, 04:28:10 PM

Quote from: WatChe on February 22, 2023, 01:19:08 PM

Bitcoin despite too much opposition from big powers BTC is still holding its ground. Bitcoin it will continue to progress since it has a strong community that backs it up. In its one decade long journey there is no single big power that has accepted bitcoin in its decentralized state. Still we saw Bitcoin going from zero to 67k$ in one decade. I have no confusion in saying that big powers will continue to oppose Bitcoin and Bitcoin will keep going up due to backing of community that is distributed globally.

A very good example was when China, with economic power, made a ban on btc and crypto in general.
Yes, it had an impact at that moment, but look at where we are now, btc is still going strong.
With this scenario, it means, btc doesn't need backing from big powers, it will continue to exist as long as there is community supporting this market.
As we have observed, this market doesn't need powerful nations to survive, but of course endorsement from them would boost the adoption.

I remember how china ban cryptocurrency many times and doing it repeatedly to affect the market and lifting it again but over the time people adopted and the market changes slow downs as there are speculations that china is accumulating their own bitcoin after their crypto bans. This might happen again but on different powerful nation, It would be temporary but there's a chance that they will take the opportunity to buy then lift the ban again. I agree that bitcoin exist without the help of big countries but I think that sooner or later we will come to a situation where big nations will be the one who will accumulate bitcoin as there additional or alternative reserves.

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Quote from: Blisszi on February 19, 2023, 10:09:12 AM

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What do you is the future of bitcoin at this point?
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Big countries have always caused fear uncertainty and doubt for bitcoin's future. And for a good reason. If they ban fiat money pairs from cexes or freeze any fiat money that is originated from bitcoin trading, we are pretty much over and back to p2p trading.

Quote from: Blisszi on February 19, 2023, 10:09:12 AM

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Do nations or people have power over bitcoin price regulations?
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I don't understand the question. Nations can't decide what the bitcoin price is. People are doing it by trading it.

Quote from: Blisszi on February 19, 2023, 10:09:12 AM

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Do you see a good outlook soon?
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Definitely, i've seen the fear of the markets before and it's always been similar before the rise.

TimeTeller

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Quote from: WatChe on February 22, 2023, 01:19:08 PM

Bitcoin despite too much opposition from big powers BTC is still holding its ground. Bitcoin it will continue to progress since it has a strong community that backs it up. In its one decade long journey there is no single big power that has accepted bitcoin in its decentralized state. Still we saw Bitcoin going from zero to 67k$ in one decade. I have no confusion in saying that big powers will continue to oppose Bitcoin and Bitcoin will keep going up due to backing of community that is distributed globally.

A very good example was when China, with economic power, made a ban on btc and crypto in general.
Yes, it had an impact at that moment, but look at where we are now, btc is still going strong.
With this scenario, it means, btc doesn't need backing from big powers, it will continue to exist as long as there is community supporting this market.
As we have observed, this market doesn't need powerful nations to survive, but of course endorsement from them would boost the adoption.

Silberman

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Quote from: Blisszi on February 19, 2023, 10:09:12 AM

I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence. Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.

In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?

What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.

Bitcoin was designed with the idea of not needing the support of the governments or banks, so it changes nothing if governments decide to ban it or to regulated it heavily, bitcoin and the people that support it will always find a way to keep themselves in the game, now this would without a doubt slowdown the adoption of bitcoin and with it its growth as well, but it will not affect how it works, which at the end is what makes bitcoin valuable and a useful tool for all of us.

WatChe

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Bitcoin despite too much opposition from big powers BTC is still holding its ground. Bitcoin it will continue to progress since it has a strong community that backs it up. In its one decade long journey there is no single big power that has accepted bitcoin in its decentralized state. Still we saw Bitcoin going from zero to 67k$ in one decade. I have no confusion in saying that big powers will continue to oppose Bitcoin and Bitcoin will keep going up due to backing of community that is distributed globally.

redsun114

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I wouldn't say that china, USA and "Africa" has the same approach to it. First of all China tries to ban it as much as they can, that's true, but USA doesn't, they allow crypto investments and even crypto companies, hell coinbase is a stock market listed company at this moment, you don't get more allowed than that. On the other hand, Africa is a continent, not a nation and each nation in Africa has a different approach to it so we can't just say it like it's one thing, some like it, some don't.

So as you can see, the world is not approaching it all at once with the same view, there will be some nations who support it, and there will be some nations who are against it.

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the future bitcoin still great without powerful nations in fact bitcoin birth because crisis that happen in 2008 bitcoin basically try to fix the nation problem. even bunch of regulation bitcoin keep stronger take example of china, their country ban crypto but there is a lot of people/user still use the crypto.

in my opinion a good nation should regulate crypto in "better" way

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Quote from: Blisszi on February 19, 2023, 10:09:12 AM

I guess bitcoin is suffering price depreciation because of most renowned countries like China, US and Africa demoting it values with their economy influence.

it may or not , but the best thing here? is that bitcoin is staying its position this now.

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Most of this nations shares on bitcoin are on high pedal, since they withdrew from investing their state capital and refused to support the existence of bitcoin, the price has not seen a better chance of pumping soon.

wait, does US and Africa totally abandoned bitcoin? isn't over statement?

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In future, it might be different but what if this nations keep strong kicking against bitcoin without reprojected their economy resources, will bitcoin survive for a long time?

it will , because there are more countries in the future that will adopt this , not because some are not.

Quote

What do you is the future of bitcoin at this point?
Do nations or people have power over bitcoin price regulations?
What is your speculation if bitcoin keeps revaluing in price?
Do you see a good outlook soon?
Let's argue your points.

nothing is consistent to answer those question, it will happen eventually .

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