Why do you want bitcoin to stay? - page 5.

Iranus

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Quote from: Plaguedeath on April 20, 2023, 09:40:03 PM

It's similar like asking why do you want cash to stay? cash is a part of your wealth, you have collecting it when you was still young, do you want your wealth gone? stupid question.

Although government can ban Bitcoin and tell people to not use Bitcoin, but you still can use Bitcoin if you've a high privacy level and know how to do that. Bitcoin is unstoppable due to decentralized nature.

Quite harsh but you are very right, this question is a bit redundant. Bitcoin has been and is helping many people become rich, many people use bitcoin to protect their privacy against government intrusion, and many more benefits that bitcoin brings. There is no reason why such a good property should not last long.

Currently, it is too late to ban bitcoin, people already know its benefits, so if the government issues an extreme ban, I believe people will still figure out how to use it. Even China is slowly failing to ban bitcoin as Chinese people are still quietly investing in bitcoin.

Bobrox

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Bitcoin have been my passive income and reason why want bitcoin to stay, have been several years Bitcoin helped my financial and I don't think how my financial condition without know about Bitcoin. Actually if bitcoin adopted as legal currency transaction give beneficial how transparent each time transaction and have positive side with bitcoin transaction most faster than fiat.

Have trouble and bad thing when any countries announced bad about bitcoin from banned until bitcoin restrict on several countries. After huge transaction any countries adopted bitcoin not as legal currency but investment assets and government get positive feedback with taxes earn on every transaction.

Plaguedeath

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It's similar like asking why do you want cash to stay? cash is a part of your wealth, you have collecting it when you was still young, do you want your wealth gone? stupid question.

Although government can ban Bitcoin and tell people to not use Bitcoin, but you still can use Bitcoin if you've a high privacy level and know how to do that. Bitcoin is unstoppable due to decentralized nature.

blackened515

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Quote from: GreatArkansas on April 20, 2023, 08:33:53 PM

Quote from: Godlovesyou on April 20, 2023, 08:55:13 AM

(.....)
What is your reason why bitcoin should stay in the next 100 years! when the government are worried about it?
Maybe our opinions about bitcoin can give hedge to the government.

Remember that Bitcoin is still a relatively young and unstable asset and that its future is uncertain.
Government restrictions and regulations may affect the currency's adoption and value, these some governments are just protecting its people but sometimes I'm against with them especially when it's about Bitcoin.

El Salvador has accepted Bitcoin as legal cash, and the nation is rapidly developing its digital economy. Most countries will legalize Bitcoin in less than a year. Bitcoin is a promising cryptocurrency project, and we should be able to accumulate more shares when the opportunity arises. In a few years, Bitcoin will experience a significant price increase, which will come as a shock to some investors who are delaying the project because they invested during the bull market and had their accounts liquidated when the bear season triggered. The government placed limits on the initiative because they couldn't stand by and watch as Bitcoin overtook fiat money.

Party24*7

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Quote from: Mate2237 on April 20, 2023, 04:22:53 PM

Quote from: Godlovesyou on April 20, 2023, 08:55:13 AM

What is your reason why Bitcoin should stay in the next 100 years? when the government is worried about it?
Maybe our opinions about Bitcoin can give a hedge to the government.

Bitcoin should stay because it is the only system that the youths in the world can use to fight against the oppressive leaders in the world. The fiat currencies are controlled by the state governments and because of that, they control the financial institutions to determine who gets what how, and when. But Bitcoin is not like that.
If Bitcoin stayed on for more than 100 years on this earth my brother, bitcoin will create many millions and billions around the world.

Do you think, you will be against the government? It is because of distorted thoughts and views that are always against the government like you, that make the government hostile to bitcoin. Because they think we are using bitcoin against them. Instead of fighting them, we should quietly leverage bitcoin to protect our assets from them. Satoshi chose to be silent and we should follow him to lead a peaceful life.

loopes

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Quote from: Godlovesyou on April 20, 2023, 08:55:13 AM

Generally everybody have of opinion of bitcoin or cryptocurrency, I guess that's why some people do not care to invest or trade, most people also had once invest and failed probably loss their money. All this makes different opinion of bitcoin to them why it should not stay.

Countries also have view it in different direction of affecting economy and capitalism system, some sees it in a positive direction while others sees it as negative threats to the country's economy.

But most believe the bitcoin to be best when considering many other offers. We see what other can't see in bitcoin, we trust bitcoin to improve standard of living, we keep buying for the project to survive threats. But we never ask what if the whole stuff varnish overnight?

What is your reason why bitcoin should stay in the next 100 years! when the government are worried about it?
Maybe our opinions about bitcoin can give hedge to the government.

So far, bitcoin helps to enhance my financial since i can do side job related to bitcoin (and cryptocurrecy in common) i am so gratefull to engage into bitcoin.
In my point of view, some reasons why bitcoin should stay in long last =
1. The latest breakthrough in currency. bitcoin uses blockchain technology which is better to protect the data;
2. Bitcoin still has a lot of things to be combined with the current culture, for example; bitcoin can be adopted to be a payment methode, new era of investment, and etc
3. Bitcoin become an option for someone to earn more income, that is what happen to me and many people out there.

GreatArkansas

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Quote from: Godlovesyou on April 20, 2023, 08:55:13 AM

(.....)
What is your reason why bitcoin should stay in the next 100 years! when the government are worried about it?
Maybe our opinions about bitcoin can give hedge to the government.

Remember that Bitcoin is still a relatively young and unstable asset and that its future is uncertain.
Government restrictions and regulations may affect the currency's adoption and value, these some governments are just protecting its people but sometimes I'm against with them especially when it's about Bitcoin.

landheer

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bitcoin has been in this world for quite a long time and it has been proven that with the existence of bitcoin a lot of people are helped by their economy, even though it is not free from obstacles and obstacles, because investing in btc can be done by anyone as long as they have the will capital and money.

and I think this is a bit of a reason why people want bitcoin to be around all the time.

but I think bitcoin will always be there because I think the demand is increasing.

Vaskiy

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Different reasons can be stated, few of which looks like a favourite for some people
few find it bad and stay out of bitcoin for the same feature.

The growth which we can't experience anywhere else
The volatility which is an attraction that could help us earn
Having control over our funds which isn't possible with banks
Multipurpose utility than the traditional banking system
Limited supply that assure with growth against fiat devaluation

qwertyup23

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Quote from: moneystery on April 20, 2023, 12:56:43 PM

There is no single transaction system in this world that has a system as fast, as safe, and as anonymous as Bitcoin. If you are a Paypal or Neteller user and compare it to Bitcoin, you will definitely know why Bitcoin is needed for transactions, especially international transactions.

It really helps users who want to eliminate various problems related to conventional payment systems. And Bitcoin can also provide a decent profit if you can invest it wisely.

I agree with this- the transaction under the blockchain is what makes BTC anonymous. You can transfer resources from one wallet to another without having to pass several confirmations done by conventional third-party programs such as banks, etc.

Personally, investing in BTC is an advantage and opportunity at the same time. You can earn and maximize your profits within a relatively shorter period of time compared to other investment mechanisms/instruments available.

boyptc

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I think that most of us are just relying to what's with the current lead of the technology and monetary system. After a century, maybe there's another better system or upgrade monetary system that has been derived from bitcoin so it's like bitcoin 2.0 or more another version.

But as of now, this is the best that we have and I want it to stay because it has changed lives and it has also awaken a lot of minds from the current monetary system of the world, of different governments, of most countries.

It has also disrupted the current payment methods and investments and had it all in one integrated. There's so much more I guess to say.

mv1986

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Bitcoin is the only system that exists independently outside the global, interdependent economic system we have. Bitcoin isn't part of it and subject to all of its rules and suppression. It does have its own set of rules and can practically not be taken down. In order for that to happen, the vast majority of countries in the entire world would have to cooperate and as we all know, that is not going to happen.

That is why Bitcoin offers a choice to leave the current system with part of your wealth if the current system poses a threat to your wealth either accidentally because politicians and elites don't know the consequences of their actions, or deliberately because they do exactly know how to erode your wealth.

Whether Bitcoin can stay as independent as it is remains to be seen to be honest. As those with power and money would be willing to invest quite a lot to get control over anything they don't have control over yet and that actually allows for other people to escape.

taufik123

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Quote from: AmoreJaz on April 20, 2023, 05:14:09 PM

there's no doubt we can create a long list why we want to invest or hodl btc for short-term or long-term purposes. but the main reason is the hope of gaining profits after waiting for certain period of time. i guess, that's the reason why most are trying to explore their luck in this market.
and since we also saw the benefits from this market aside from possible good investment, like very cheap fees and fast, we do want this currency to stay.

Like hoping to get instant wealth or a lot of profit with Bitcoin within a certain period of time.
While most people do that, Bitcoin is still a speculative asset.

Bitcoin is a digital asset that is suitable for use as a long-term investment that will provide greater returns.

In addition, there are many reasons why Bitcoin should still exist. Bitcoin is at the core of all cryptosystems and if that core is lost, the ecosystem will not be stable. Bitcoin is decentralized, has anonymity, provides good returns and has full control and a limited supply of only 21 million.

AmoreJaz

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Quote from: The Cryptovator on April 20, 2023, 04:34:36 PM

As Bitcoin investors, our desire is to hold onto Bitcoin indefinitely. We value Bitcoin because it provides us with financial autonomy and enables us to conduct cross-border transactions without the need for intermediaries. This makes us partial towards Bitcoin. While this decentralized nature of Bitcoin poses a challenge to centralized governments, it is beneficial for citizens. By holding Bitcoin in a non-custodial wallet, we become our own banks. There are several other reasons why we wish to remain invested in Bitcoin, but a detailed description would require a longer post. The above is just a brief summary of our motivation to stay invested in Bitcoin for the long haul.

there's no doubt we can create a long list why we want to invest or hodl btc for short-term or long-term purposes. but the main reason is the hope of gaining profits after waiting for certain period of time. i guess, that's the reason why most are trying to explore their luck in this market.
and since we also saw the benefits from this market aside from possible good investment, like very cheap fees and fast, we do want this currency to stay.

Dr.Bitcoin_Strange

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Quote from: Godlovesyou on April 20, 2023, 08:55:13 AM

What is your reason why bitcoin should stay in the next 100 years! when the government are worried about it?
Maybe our opinions about bitcoin can give hedge to the government.

Why do I want Bitcoin to stay? It's simple, and that's because Bitcoin is presented to ordinary people so they can have control over their financial assets or investments in a decentralized manner while also remaining anonymous while doing so. That is the essence of Bitcoin, and that's why I want it to stay. Even after holding your finances in bitcoin and being in charge of it, it doesn't get affected by inflation; its value doesn't depreciate. 1 bitcoin remains just one bitcoin no matter how the year goes, but during a bull market, one really makes more profit than the price they paid. But if you buy a loaf of bread for $10 this year, you may not be buying it for that same $10 by the next year, and that's because inflation has occurred and the dollar may also have lost value in its purchasing power.

OP, there are various reasons Bitcoin should stay: anonymity, high interest during the bull market, no third party involved in Bitcoin transactions, no financial elite involvement, no cost or charge to hold your Bitcoin asset, no centralized operation, limited supply while dollar can be printed as much as the FED wants, etc.....

The Cryptovator

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As Bitcoin investors, our desire is to hold onto Bitcoin indefinitely. We value Bitcoin because it provides us with financial autonomy and enables us to conduct cross-border transactions without the need for intermediaries. This makes us partial towards Bitcoin. While this decentralized nature of Bitcoin poses a challenge to centralized governments, it is beneficial for citizens. By holding Bitcoin in a non-custodial wallet, we become our own banks. There are several other reasons why we wish to remain invested in Bitcoin, but a detailed description would require a longer post. The above is just a brief summary of our motivation to stay invested in Bitcoin for the long haul.

Mate2237

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Quote from: Godlovesyou on April 20, 2023, 08:55:13 AM

What is your reason why Bitcoin should stay in the next 100 years? when the government is worried about it?
Maybe our opinions about Bitcoin can give a hedge to the government.

Bitcoin should stay because it is the only system that the youths in the world can use to fight against the oppressive leaders in the world. The fiat currencies are controlled by the state governments and because of that, they control the financial institutions to determine who gets what how, and when. But Bitcoin is not like that.
If Bitcoin stayed on for more than 100 years on this earth my brother, bitcoin will create many millions and billions around the world.

moneystery

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There is no single transaction system in this world that has a system as fast, as safe, and as anonymous as Bitcoin. If you are a Paypal or Neteller user and compare it to Bitcoin, you will definitely know why Bitcoin is needed for transactions, especially international transactions.

It really helps users who want to eliminate various problems related to conventional payment systems. And Bitcoin can also provide a decent profit if you can invest it wisely.

duckalis

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No government is going to ask its citizens for their opinion on BTC. If they want to, they can ban all crypto, just like in China.

AnonBitCoiner

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One of the reason that bitcoin should stay is its trustworthy nature and second is its profit which it gives to its holders. People always chooses that way in which there is a great opportunity to earn money and as we look towards the history so every year the bitcoin price rises efficiently while facing some dip but it doesn't loss its overall value. So there will be greater achievement of bitcoin in future therefore people wants to stay bitcoin for next 100 years.

We don't think that bitcoin will be replaced by any other thing in future because bitcoin is accepted by all those individuals who have even a little bit knowledge about it so therefore everyone desires to be a part of this coin.

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