Topic: Why do you want bitcoin to stay? - page 4. (Read 662 times)

While governments do have the authority to prohibit the use of cryptocurrencies such as Bitcoin, it is crucial to remember that the extent of official intervention and regulation around Bitcoin differs widely around the world. Some countries have embraced cryptocurrencies and even attempted to integrate them into their financial systems, but others have taken a more hostile stance.

Further, of what I just said above, I didn't even enumerate any reasons why I want Bitcoin to stay and I have a few ones that I find the most exciting.
Ignoring (for now) the technical ones, I really want to see Bitcoin to improve people's savings and also protecting their privacy and sovereignty by means of transferring responsibility from the state agents and 3rd parties to the money owner. We need to be in total control of what belongs to us by right (and nature).
This would be an important step to bring the market laws to the nature, I mean, let the market rule the economy by itself, instead of states controlling what they see fit to them, at their own and only will! States should not take part in the economy and financial systems, or take very little part, at most!
And after this, I would also like Bitcoin to stay to be able to confirm all the properties of hard money and tell people that it really works better than state controlled money printed out of thin air!

Technical reasons would be more in the context of mining maybe, like how can mining help in the electrical grid and even in agriculture or heating.
For instance, an idea could be (without thinking much about it) in every new house / apartment should be installed a miner and, that miner would be mining Bitcoin to whoever was living in the house and / or to the owner of the house. That miner should also be prepared to heat the house in the winter, if needed and the electricity price could not be as we have in some countries.

Personally, I can no longer imagine my life without Bitcoin and Crypto, and this is mainly due to the qualitative shift that Bitcoin brought about in my life as a person who lives in financial instability in a country that does not even recognize global payment methods such as Paypal and virtual banks. I was introduced to Bitcoin in 2014 and since then my life has changed 180 degrees.
In a country that does not recognize the financial freedom of its citizens and imposes strict control measures on the movement of money and the financial activities of citizens, it becomes difficult to liberate. For many years, I imagined that liberation was almost impossible, and that a world governed by a single power (the dollar) was the cause of all the tragedies we see. But this day has become just a fantasy produced by a sick mentality, since Bitcoin destroyed all those fears and removed the obsession that governments and banks are the ones who actually rule our lives.
Bitcoin will exist for two main reasons:
- First, because we need him and want him to stay.
- And secondly, because it is actually able to survive and seize its place in the global market today.

Many world governments worry about BTC because it's returning some power back to the commoners. The power remained in their hands primarily due to centralised currencies which is why they fear BTC and other popular cryptocurrencies.

BTC is here to stay and history has proven that again and again since many people around the world appreciate its decentralised, anonymous nature and its importance as an asset.

This is why I felt that your statements about the government worrying about BTC etc were silly op.

Bitcoin is the best financial innovation available, and it never ceases to amaze me how safe, transparent, and fair it is compared to other forms of payment. The capacity to avoid interference from and manipulation by the government, however, is its most distinctive feature in comparison to other fintech developments. I say this is the reason why I want it to survive for a long time because it has some good to do in the global economy, especially in light of its years of enduring and persisting through government opposition forces and its ever-increasing.

Bitcoin, as much as many hate to admit, is the linchpin that keeps the industry from falling apart. It shouldn't come as a surprise, it's the most famous cryptocurrency and it has a substantial market cap that keeps the whole enterprise running through transactions alone. If bitcoin were to crash to the ground one day, there's a good chance that all the other cryptocurrencies in the industry will suffer heavy losses and may even spell doom for the whole industry. So by all means bitcoin should remain in the game at least until the whole industry could move on from it. As it stands today, with multiple projects and notable personalities holding bitcoin for dear life, it wouldn't make sense to keep bitcoin out just because of the same old "It outlived its purpose" bullshit.


As in the case with governments continuously opposing bitcoin, we can't really do anything to stop them from doing so, so while you still can, keep bitcoins in your pockets.

I want Bitcoin to stay because of its unique characteristic of decentralization & limited supply of 21 Million which is a strong reason to consider Bitcoin as an attractive hedge against fiat currencies, which are controlled by central banks and they can be printed as much as the authorities want. That is the reason all fiat currencies with no exception, have gradually lost their purchasing power overtime. Therefore, Bitcoin is a promising alternative to traditional currencies.

This concern has been around since the beginning. 14 years are gone and it didn't varnish. Why would it now when it's stronger and stronger by the day? Even if states were to try something out of this world, it would have to be something in a global level and we know that it is not likely to happen to be able to put most of the countries on the same side to launch a major attack on Bitcoin. I am not worried with Bitcoin to varnish any time soon. This is already a considerable monetary and economic system that many people is already depending on. So, let's buy, hodl and use it whenever we can, because Bitcoin also needs to be used, not only hodle'ed!

The people is the market to be precise, but to answer the OPs question it would be a lie if I didn't stay on bitcoin for profits. Since then I was staying here due to the potential it can give and the future of technology which can open up lots of possibilities, but as time goes on I stayed on crypto not only to learn more but to be aware about the global news in terms of economy. It isn't only one or two people was hit hardly by the recent pandemic and it couldn't ve denied that bitcoin played a huge role in helping those who are affected specially those who suffered financially.

No one can get rid of bitcoin, it is decentralized and controlled by all of us, it just gets rid of it unless we no longer need it. So, no worries, bitcoin will always stay as long as we still need it.
Indeed, bitcoin has helped many people change their lives, myself included. I really don't know what my life would be like during the 2020 pandemic without bitcoin. Bitcoin is really useful, and I believe more people will need it one day. I hope we can keep it alive for as long as possible.

I also think that everyone who uses Bitcoin secretly will be safer and far from being hostile to the government. Because when the government doesn't know that it turns out that there are citizens who are using Bitcoin secretly, of course peace will be easier to get because this will never exist by spreading more enemies. So continuing to spread kindness by continuing to take advantage of services and facilities from the government will be much better than being hostile to it at this time.

Government are worried because of the control it takes away from them. If there have never been an alternative to the centralized system controlled by the government, we will not care so much. The freedom and other benefits that bitcoin has offered has made it so that it will be difficult to switch back to total dependence again to the government controlled system. This is my reason why bitcoin should stay in the next 100years, because we are happy about the benefits and just becoming comfortable with it.

Why do i want bitcoin to live and survive, if i have reason to help financially myself that's for sure and it turns out to be a common thing, especially for members of this forum who have jobs in the forum, such as signature campaign manager, signature campaign worker and activities other businesses in this forum are a form of benefiting bitcoin for their lives, yes is the same when it comes to that. But there is something that I hope for bitcoin to live longer, namely to prove that bitcoin and blockchain are worthy of replacing today's world financial system which is full of manipulation and controlled by only a few parties that enter the world financial system today, I really hope that I can use my bitcoin wherever i want.

The main thing is that for me, apart from making it easier to make transactions, it is also my main income center today, namely from bitcoin and altcoins, from starting to trade bitcoin, speculating, and others related to bitcoin and crypto currency, I can sell it through video content and others in the discussion, of course when bitcoin is lost or dies then I don't know how people believe in me and watch my video and maybe it will be the other way around if bitcoin stops working, I think that's what makes me hope that bitcoin must always be alive so that my life is longer and longer good from an economic point of view.

Totally agree! You can even compare it to gold that even in the past, gold was used as an investment where it's value increases as time goes by. The only difference is on how they work you'll have to learn the crypto and blockchain technology for you to have investment unlike the gold which you only need to possess. Not only government can't literally control Bitcoin they can only ban it due to its decentralized nature that every people loves. Some country are acknowledging Bitcoin since many people uses it as transactions like in the US.

Bitcoin has changed my life 180%, so I am already emotionally attached to Bitcoin and want Bitcoin to last for a long time even for my children and grandchildren to be able to enjoy the benefits of Bitcoin. the government will continue to change (the old will be replaced by the young) and I really want the current generation to have a visionary leader in each country.

the government actually has a duty to prosper their citizens by sharing the decisions and policies that they issue and hopefully in the future Bitcoin can be received in society and the government (especially I hope for my country).

I want bitcoin to always be there at any time, because bitcoin has had a positive impact on my economic situation, with bitcoin, so many people have been helped, especially in terms of finance. So don't get rid of bitcoin, because I'm sure that bitcoin will bring positive changes to the world economy. Don't let bitcoin's current journey stop in the middle of the road.

And maybe out there there are still a lot of people who feel at a loss after buying bitcoin, I also don't know about things like this, whether it's really a loss because of bitcoin, or because of carelessness in trading.
Because in my experience investing in bitcoin, if we are careful,
learn first before investing, and do a thorough analysis. I'm sure I'll never experience a loss.

Maybe the people who suffered the loss were just unlucky and not careful enough. So I hope, they can get a big profit from bitcoin in the future.

most people in this forum must invest in bitcoin including me.

and hope that everyone will want to profit from investing in btc.

and I want btc to continue to exist in this world, because with bitcoin my economy is increasing and there are always profits from investing in bitcoin.
and I think everyone's reasons must be different, but in my opinion the goal is the same, namely to want to profit from investing in btc.

It's not like everyone lost money investing in Bitcoin. Maybe because of the market volatility, many people have lost their investment. But among these losses there are many investors who have made good profits. And the reason they earn good profits is due to the right time investment. All investors should fix a specific target.  Seeing that I have invested in bitcoins, we have to come out of the idea that we will only hold bitcoins. After investing, if we fix a certain target, then when bitcoins hit that target, we should sell those investments. 

But I have seen some people who buy bitcoins and keep them in their wallets even if the price goes up or down, they have no headache, I don't understand what their target is.

What do you exactly mean by “stay”? Where is Bitcoin going? Government cannot interfere in Bitcoins as Bitcoins are decentralised in nature. This means no other person or institution other than the owner can know, how many Bitcoins a person is holding or he has in his wallets. So treat Bitcoins as gold but in Digital form and free of taxes. Bitcoins are fixed in numbers, so try to accumulate as many coins as you can and hold it till the inflation and demand for the coin increases, and then sell the coin at high price and make tons of profits. I also mentioned the features for which many people wants Bitcoins to stay or like the coin.