I think bitcoin is the most popular crypto for people to invest or save. Only one country in the world has legalized Bitcoin through legal tender, but it is a globally accepted cryptocurrency and the number of its holders is constantly increasing. Even many investment institutions are choosing to hold Bitcoin and will increase their investment in the future.
There is nothing hidden about Bitcoin but the problem is that we might be arguing whether to invest in it or to look for anything other thing to out money it. From day one, there had been people that have never thought if investing in Bitcoin and all they think was Bitcoin was going to fall and could never rise again. Now we can see that the price keeps going bullish and everyone is ready to take the opportunity to make money from the bull that is why we are seeing institutional traders and firms buying and accumulating because they are convinced that the price is going to skyrocket soon. 
Topic: Will Bitcoin become better - page 2. (Read 932 times)
What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
No, it is not possible for the US dollar to be backed by bitcoin or anything else for that matter any longer. The US dollar was once back by gold, but they got rid of that as it was not really a good idea, only in theory.
Bitcoin will get better, there's no doubt in my mind about that. Some of the most important things are transactions speeds/costs which I know is being worked on. I just wish it was going a little bit quicker, but...Rome wasn't built overnight.
What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
When Bitcoin was introduced to the world in 2009, it was intended to revolutionize the way people could access and control their money. But that revolution has hardly come to pass. The cryptocurrency's tumultuous first decade was marked by scandals, missteps, and wild price swings—its second has been no different.
Large-scale fraud, theft, regulatory battles, and more continue to make the headlines. It's difficult to say what will happen over the next decade, but here are some thoughts about Bitcoin's future.
Bitcoin's Future
While its price and popularity with certain investors are important, it's critical to note that regardless of value changes, scandals, and news, blockchain developments over the next decade will be the most important.
Issues regarding decentralization, scalability, and security are the factors holding Bitcoin back from more widespread adoption. These concerns must be addressed for the cryptocurrency to gain traction as more than a speculative investment. Bitcoin developers are working diligently to find solutions, but for the most part, they have been unsuccessful.
Reference : https://www.investopedia.com/tech/what-will-happen-bitcoin-next-decade/
It seems the president doesn't even know what Bitcoin is, how can the US Dollar back Bitcoin which is a decentralized currency. Their is no meaning in all these, it is just a mere talk trying to gain people's interest and I'm not surprised because this is the nature of politicians. No needs for the president to talk too much, the only impact he can offer to bitcoin is mass adoption of bitcoin if truly he has bitcoin in mind.
One thing I know is that bitcoin will always grow even without Donald trump, bitcoin has gone through difficult times but still it still remains what it is. Donald trump can't make bitcoin better because bitcoin is not fiat or a centralized currency. Trump understands that bitcoin has gained so much users, I think he just trying to get favour from bitcoin users.
I would say that bitcoin is irrelevant to politics. Well, simply because while it would be good or bad depending on what the president does with bitcoin, we have seen the all time high during Biden, and yet a lot of people think that Biden hates bitcoin, or at the very least Biden's team hates bitcoin because not like Biden knows what bitcoin even is, he probably doesn't even know about it.One thing I know is that bitcoin will always grow even without Donald trump, bitcoin has gone through difficult times but still it still remains what it is. Donald trump can't make bitcoin better because bitcoin is not fiat or a centralized currency. Trump understands that bitcoin has gained so much users, I think he just trying to get favour from bitcoin users.
So all in all, if bitcoin thrived under an administration that people think hates bitcoin, then I would say it really doesn't matter. One thing that would be terrible is if any of them would ban it, and neither is banning it, that is not on the cards, so it really doesn't mean that any of them will make a big difference, it is going to be same in either case.
I think bitcoin is the most popular crypto for people to invest or save. Only one country in the world has legalized Bitcoin through legal tender, but it is a globally accepted cryptocurrency and the number of its holders is constantly increasing. Even many investment institutions are choosing to hold Bitcoin and will increase their investment in the future.
It is the hope of every Bitcoin investors that Bitcoin increases and gets better. I believe the government who are still fighting against Bitcoin will one day come to realisation that Bitcoin is a good currency and not a scam. Many critics are now Bitcoin investors, but the question is, what must have triggered them to change minds? The same reason might been seen by those government and they'll change too.
Bitcoin will improve as developers continue to innovate on it. But the beloved cryptocurrency will never reach a point where it will replace existing Fiat currencies. Governments simply won't allow this to happen.
I'm hoping BTC fees decline with subsequent network upgrades (unless the Ordinals craze spirals out of control). The LN is NOT a long-term solution to Bitcoin's problems. Current market volatility, slow confirmation times, and high fees are what's limiting Bitcoin's mainstream adoption. Unless these issues are solved, BTC will remain a store of value forever. Is this what we want?
And talking about LN. I'm not sure if it works so well because not all are techy enough which I think that LN is not really the best option to take than waiting for the fees to calm down.
There’s no reason that bitcoin will be backed by USD as both have opposite currency feature. While USD is solely controlled by the government, bitcoin is never controlled by any third party except of its user or hodler. If ever the time comes that will be possible, maybe we are not talking anymore about bitcoin but USD in the form of its digital currency.
Backing Bitcoin with USD is almost impossible. Especially when the US national debt exceed BTC's market cap. How will the US be able to settle its debt with BTC's current market price? Besides, the FED can't manipulate the economy when BTC has a fixed supply. Its deflationary rate will favor people more than the central bank itself.
Don't get me wrong. Bitcoin will get better (in technical terms). But it will never replace Fiat currencies. The Blockchain can't scale to everyone on Earth. Even if it did, governments won't allow BTC to displace Fiat. At least, Bitcoin is open source and decentralized. I'm confident it will become bigger and stronger than ever with the rollout of subsequent network upgrades. As long as it remains a useful Fiat alternative, there should be nothing to worry about.
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Will Bitcoin become better if any of these become possible?
As we know Bitcoin is not controlled by any central authority and is not centralized. The demand and supply of Bitcoin is not controlled by anyone so no authority can control the price of Bitcoin. In any case, the point you've raised certainly won't have much of an impact on Bitcoin's price. However, the market may be slightly dumping for a temporary period, but later it will rise again.Will Bitcoin become better if any of these become possible?
What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
If your question is possible, then it should have been done long ago and backed up by those countries that heard and knew about Bitcoin, but why didn't anyone do one in 15 years of existing? That's because he can't happen. Why? Because Bitcoin is decentralized and Fiat is under centralization, you know this, right?
But everyone has the right to decide if they want to have Bitcoin; that's the only beauty of Bitcoin, and it has become a threat to other countries, which is why they hate Bitcoin, but others have adopted and recognized the potential of Bitcoin and even helped their economies.
It is the hope of every Bitcoin investors that Bitcoin increases and gets better. I believe the government who are still fighting against Bitcoin will one day come to realisation that Bitcoin is a good currency and not a scam. Many critics are now Bitcoin investors, but the question is, what must have triggered them to change minds? The same reason might been seen by those government and they'll change too.
After we see the development of Bitcoin to date, it will certainly make people who are new to and have done research about BItcoin will really believe in Bitcoin and will also try to make Bitcoin an asset that they will include in their investment list to get the benefits of holding it. Bitcoin, for the government that is still against Bitcoin, I think they don't want to see people prefer to invest in Bitcoin with the risks they will face or there are other things that the government has not explained in detail.Those who previously criticized Bitcoin and now prefer to invest in Bitcoin, of course they have done in-depth research on investing in Bitcoin and not just listened to what other people said about Bitcoin so they dare to say what they heard from other people but after they understanding it will certainly turn around and instead choose to invest.
What must have prompted them to compel their citizens not to use crypto is because they are afraid that, crypto might one day take over their currency, even as I flatiron keep striking. Traditional fiat currencies are likely to experience inflation but aside scam crypto coins, the rest are can much more profitable when you study the market carefully before making any drastic decision that could lead to financial breakdown.
It is the hope of every Bitcoin investors that Bitcoin increases and gets better. I believe the government who are still fighting against Bitcoin will one day come to realisation that Bitcoin is a good currency and not a scam. Many critics are now Bitcoin investors, but the question is, what must have triggered them to change minds? The same reason might been seen by those government and they'll change too.
Bitcoin will improve as developers continue to innovate on it. But the beloved cryptocurrency will never reach a point where it will replace existing Fiat currencies. Governments simply won't allow this to happen.
I'm hoping BTC fees decline with subsequent network upgrades (unless the Ordinals craze spirals out of control). The LN is NOT a long-term solution to Bitcoin's problems. Current market volatility, slow confirmation times, and high fees are what's limiting Bitcoin's mainstream adoption. Unless these issues are solved, BTC will remain a store of value forever. Is this what we want?
Even if bitcoin solves the transaction fee problem and becomes stable, it will never replace fiat for day-to-day payments. The government will never let that happen until they find a way to control it. But if governments find a way to control bitcoin and it becomes centralized, will it still be attractive? So I don't believe that bitcoin will replace fiat currency, and I also don't want bitcoin to become centralized.
I'm happy with how things are going, bitcoin is a highly volatile investment because I can take advantage of that to make a profit. In particular, bitcoin's decentralization will partly help me avoid too strict control from the government.
I'm happy with how things are going, bitcoin is a highly volatile investment because I can take advantage of that to make a profit. In particular, bitcoin's decentralization will partly help me avoid too strict control from the government.
Of course governments won't let that happen. Otherwise, they would be giving the power back to the people. It has always been about control from the very beginning. Why do you think Fiat was created in the first place? With central banks in play, governments will be able to do whatever they want with the economy. And no one will be able to stop them. BTC by itself can't be stopped either, so it will co-exist with CBDCs for generations. That's assuming Bitcoin stays decentralized forever.
I sure hope developers improve Bitcoin's on-chain transaction capacity to help keep fees at the minimum. The Ordinals craze will stifle its ability to be used as digital cash. The future is unpredictable, so we can only hope for the best.
We need the reality that bitcoin replacing fiat currency is absolutely impossible, governments will never let that happen. Yes, I prefer the scenario where bitcoin will exist side by side with CBDC or fiat currencies rather than compete with each other and make governments hate bitcoin more.
Regarding transaction fees, I really feel like there is no hope because so far, the developers have remained silent and there is no solution to that problem. Many people think that sooner or later, ORDI or RUNE will disappear and everything will soon return to normal. But I don't believe in that because when BRC20 dies there will also be another version created and they will never stop, transaction fees will never be fixed.
Friendly policies on Bitcoin will definitely attract more investors and thereby increase adoption ,well no one can tell what politicians can do and until they get into office, but I believe Trump administration will be much more friendly with Bitcoin than that of joe Biden administration.
I too think this as well because trumps has alot of Bitcoin friends like Elon musk and they will advise him well. Trump is going to be more friendly with Bitcoin as he is a business man and understands how to run the affairs that will improve the business of America. The governments can welcome Bitcoin and tax it for the benefit of the country. Bitcoin is going to be better because Bitcoin is good to rise in price and when it does that it will attract more investors. The more investors come in to Bitcoin, the more Bitcoin will have many great mind investing in it that can contribute their Idea on how to make Bitcoin become a better coin. If we have less investors there will not be more talk because everybody will be comfortable with anything that is happening to Bitcoin but as we have more people in Bitcoin, they will be concerned on how to make Bitcoin great for everybody to be able to use them.
What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
It seems the president doesn't even know what Bitcoin is, how can the US Dollar back Bitcoin which is a decentralized currency. Their is no meaning in all these, it is just a mere talk trying to gain people's interest and I'm not surprised because this is the nature of politicians. No needs for the president to talk too much, the only impact he can offer to bitcoin is mass adoption of bitcoin if truly he has bitcoin in mind.What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
One thing I know is that bitcoin will always grow even without Donald trump, bitcoin has gone through difficult times but still it still remains what it is. Donald trump can't make bitcoin better because bitcoin is not fiat or a centralized currency. Trump understands that bitcoin has gained so much users, I think he just trying to get favour from bitcoin users.
Of course bitcoin will become so much better if any of this come in place, already bitcoin is better and it will be much better once such thing happens and a lot of more nation will accept bitcoin more and more, once I here about some new in bitcoin i always feel so much interested because I understand that bitcoin is the future currency that can become the leader of any digital currency, so therefore bitcoin can always grow more and more higher in the digital world any positive and interesting news concerning cryptocurrency it increases the good news more in bitcoin
The best coin is Bitcoin, ups and downs are normal, don't feel too much when Bitcoin's price goes down, you have to have confidence that Bitcoin will recover, so whatever happens in the crypto world, don't be easily discouraged when it goes down.
It is the hope of every Bitcoin investors that Bitcoin increases and gets better. I believe the government who are still fighting against Bitcoin will one day come to realisation that Bitcoin is a good currency and not a scam. Many critics are now Bitcoin investors, but the question is, what must have triggered them to change minds? The same reason might been seen by those government and they'll change too.
After we see the development of Bitcoin to date, it will certainly make people who are new to and have done research about BItcoin will really believe in Bitcoin and will also try to make Bitcoin an asset that they will include in their investment list to get the benefits of holding it. Bitcoin, for the government that is still against Bitcoin, I think they don't want to see people prefer to invest in Bitcoin with the risks they will face or there are other things that the government has not explained in detail.Those who previously criticized Bitcoin and now prefer to invest in Bitcoin, of course they have done in-depth research on investing in Bitcoin and not just listened to what other people said about Bitcoin so they dare to say what they heard from other people but after they understanding it will certainly turn around and instead choose to invest.
~~
Will Bitcoin become better if any of these become possible?
As we know Bitcoin is not controlled by any central authority and is not centralized. The demand and supply of Bitcoin is not controlled by anyone so no authority can control the price of Bitcoin. In any case, the point you've raised certainly won't have much of an impact on Bitcoin's price. However, the market may be slightly dumping for a temporary period, but later it will rise again.Will Bitcoin become better if any of these become possible?
Even if what the OP said will have an impact on Bitcoin, it is only temporary, especially now that Bitcoin has passed the halving period, of course there are many dynamics going on. but believe me, Bitcoin will be much better in the future, we just need to be patient until the time comes, Bitcoin will make new history in the market.
It is the hope of every Bitcoin investors that Bitcoin increases and gets better. I believe the government who are still fighting against Bitcoin will one day come to realisation that Bitcoin is a good currency and not a scam. Many critics are now Bitcoin investors, but the question is, what must have triggered them to change minds? The same reason might been seen by those government and they'll change too.
What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.
What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
Friendly policies on Bitcoin will definitely attract more investors and thereby increase adoption ,well no one can tell what politicians can do and until they get into office, but I believe Trump administration will be much more friendly with Bitcoin than that of joe Biden administration because I don't think Trump will totally full all the crypto enthusiasts who will support him after election, but I can tell he might not implement everything he has said in his campaign but likely of this, and his economic policies won't hurt the cryptocurrencies industry Because he's Business minded person. What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.
Will Bitcoin become better if any of these become possible?
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