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    Author Topic: Bitcoin Will always Survive  (Read 1356 times)

    • Stalker22
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    May 23, 2024, 08:44:41 PM
     #121
    Quote from: CryptopreneurBrainboss on May 22, 2024, 08:18:19 PM
    Quote from: Stalker22 on May 22, 2024, 07:42:36 PM
    What government exactly? Different governments got different takes on Bitcoin.

    Lets not act as if the government from different parts of the world hasn't had their fair share of beef with Bitcoin and the crackdown of either Bitcoin trading/mining then the crypto industry in general, an attack on the industry could be said to be an attack on Bitcoin as they're only going through the sidelines since they can't fully achieve their desires plans on killing Bitcoin.


    There are some countries that using Bitcoin is illegal and they have their punishment for defaulters while some other countries have lifted the ban still there was a time when they didn't permit the association with Bitcoin in some way (trading or mining). My point is irrespective of how some government are trying to fight the adoption of Bitcoin, a time will come when they would have no choice but to accept it as some other countries are doing currently. Nigeria is one example and the country is not only fighting the trading of Bitcoin but crypto in general with the restrictions place on crypto trading exchanges (delisting local currency from their platforms). I know they aren't technically fighting Bitcoin but they're pushing the awareness and adoption of Bitcoin backwards with their restrictions.

    Well, there was definitely been some governments giving Bitcoin the side-eye or outright getting hostile and  China with those tight restrictions comes to mind.  Cant deny that.  But we gotta look at the full picture here.  For every one government getting their heckles up over crypto, there is another one rolling out the red carpet.  Or like in the EU and the U.S. They seem more interested in slapping some regulations on rather than outright bans. 

    Its a lot like how the early internet faced pushback too before becoming just another part of everyday life.  There is still some hurdles for Bitcoin, but the momentum is real. So Im not sweating it too much.  Governments can only resist new tech kicking down their door for so long.  World is changing, Bitcoin and crypto are gonna be part of that change whether the powers that be like it or not and  it is what it is.
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  • LGD2Business
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    May 23, 2024, 08:52:28 PM
     #122
    I agree with your points, these are the things that make Bitcoin strong. But I think the most important thing is that Bitcoin is now accepted by a large part of society. I don't think any government can stop Bitcoin, but if the internet is cut off worldwide, Bitcoin usage will drop. Bitcoin won't end, the blockchain will continue through satellites even if there is no internet, but there will be no practical use for it, so there will be no point. Other than that, Bitcoin will be a part of people's lives for the next century.

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  • Distinctin
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    May 23, 2024, 08:58:29 PM
     #123
    Quote from: LGD2Business on May 23, 2024, 08:52:28 PM
    I agree with your points, these are the things that make Bitcoin strong. But I think the most important thing is that Bitcoin is now accepted by a large part of society. I don't think any government can stop Bitcoin, but if the internet is cut off worldwide, Bitcoin usage will drop. Bitcoin won't end, the blockchain will continue through satellites even if there is no internet, but there will be no practical use for it, so there will be no point. Other than that, Bitcoin will be a part of people's lives for the next century.
    Bitcoin’s acceptance to the world is now inevitable. Bitcoin is now here for good and will continue to survive until everything will end up smooth sailing. Although majority of the government are still not open on legalizing bitcoin, but I believe this is only for now since they are still reluctant or in denial about the hidden potentials of bitcoin. In the end, bitcoin will still be accepted by majority, we just have to be patient for now.

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  • oktana
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    May 23, 2024, 09:34:29 PM
     #124
    The only issue about potential adoption is the high transaction fees. I think Bitcoin would be more valuable if transaction fees were really tiny and one can make a $1 transaction and receive at least $0.99. Some people who implemented it took it out for as ample as this reason. Because you have to wait for the transaction, yet, you pay some really high fees.

  • Sandra_hakeem
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    May 23, 2024, 09:52:41 PM
    Last edit: May 24, 2024, 06:58:36 PM by Sandra_hakeem
     #125
    Quote from: lizarder on May 09, 2024, 04:13:11 PM
    A world war that occurs on a large scale could turn off electricity and internet sources, this could affect the journey of bitcoin, because if that happens people will not care about investment but rather how to survive in conditions of chaos.
    If they'll ever be a third world war, the state of things would deteriorate and they'll be more casualties that own Bitcoins than survivors that own them... can you imagine a scene where an aircraft crashes and the people around are the first to get to the scene? They'll be left with no choice than to get away with anything they can lay their hands on... That'll just be the fate of most careless people.

    Edit:
    Quote from: fauzan Ichsan on May 24, 2024, 04:07:57 AM
    Quote from: Sandra_hakeem on May 23, 2024, 09:52:41 PM
    but in terms of trust, I think it is difficult to make bitcoin worth zero
    It's actually impossible at this point already. Bitcoin has had undoubtedly a good start, and most importantly, a promising return.
    I'd rather lose to the game for being too stubborn on when to buy, than not buy at all.
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  • Volimack
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    May 24, 2024, 02:38:44 AM
     #126
    Nowadays with the increase in the value of bitcoin the demand for bitcoin is increasing and it has become a part of many societies. Many countries around the world are supporting bitcoin. The use of bitcoin is possible through the Internet so bitcoin will continue as long as the Internet exists. With the advancement of technology the internet is advancing further. If the internet stops the world will become useless bitcoin's acceptance is increasing as its use increases bitcoin will expand further.

  • fauzan Ichsan
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    May 24, 2024, 04:07:57 AM
     #127
    Quote from: Sandra_hakeem on May 23, 2024, 09:52:41 PM
    Quote from: lizarder on May 09, 2024, 04:13:11 PM
    A world war that occurs on a large scale could turn off electricity and internet sources, this could affect the journey of bitcoin, because if that happens people will not care about investment but rather how to survive in conditions of chaos.
    If they'll ever be a third world war, the state of things would deteriorate and they'll be more casualties that own Bitcoins than survivors that own them... can you imagine a scene where an aircraft crashes and the people around are the first to get to the scene? They'll be left with no choice than to get away with anything they can lay their hands on... That'll just be the fate of most careless people.


    basically bitcoin is very dependent on the internet and the internet of course requires electricity. if there is no both then how can bitcoin be used. there is another thing if the government simultaneously makes a decision, even though it is a difficult thing to happen, but nevertheless the authorities can do everything, and the people can only obey the regulations set. but in terms of trust, I think it is difficult to make bitcoin worth zero

  • atookz
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    May 24, 2024, 04:50:38 AM
     #128
    Quote from: MarissaLopez on May 09, 2024, 12:36:04 PM
    Limited supply:  Bitcoin has a fixed supply of coins of over 21 million that makes it not inflated and scarce like fiat currencies.

    Potential adoption:  Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise.
    I agree with you that bitcoin will always survive. The limited supply of Bitcoin creates a deflationary characteristic, where the value of Bitcoin tends to increase over time because demand continues to grow while supply remains constant. This can result in long-term value stability and maintain user confidence in bitcoin. Because limited supply can encourage further adoption and use. Scarcity and potential for long-term value growth is what attracts the interest of many investors. It is possible that bitcoin could disappear or no longer have value but the possibility is small. And I can't imagine that if bitcoin disappeared or no longer had any value, that would definitely have an impact on most altcoins.

  • AnonBitCoiner
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    May 24, 2024, 05:48:24 AM
     #129
    Quote from: Russlenat on May 22, 2024, 10:59:18 PM
    That is only seldom to happen in the market so no need to worry of that. Instead, just invest on bitcoin on what you can afford to lose so that you will still have enough fiat left for your survival, and not to force selling when the market is congested because obviously, you will end up at loss.

    Bitcoin, despite of its flaws and uncertainties, people still chose to prioritize bitcoin over altcoins. And it will continue to happen in the future most especially if majority will be educated how valuable bitcoin is, in terms of being a currency and a long term investment.


    If someone invests in Bitcoin not more than what he can afford then he can continue investment without worrying about the other expenses and a Bitcoin holder should also remember that its price can change anytime and it's normal therefore we should not decide under such circumstances to sell our Bitcoin.

    Although fluctuations are higher in case of Bitcoin but still its buying percentage is higher than any other coin is because it never becomes a scam and has never disappointed its investors but those investors work with patience when the conditions are against them. Bitcoin is a trusted and reliable investment source but greedy people cannot get anything from it and also those for those Bitcoin will be risky who don't have learnt anything regarding it.
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  • CageMabok
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    May 24, 2024, 07:52:33 AM
     #130
    Quote from: oktana on May 23, 2024, 09:34:29 PM
    The only issue about potential adoption is the high transaction fees. I think Bitcoin would be more valuable if transaction fees were really tiny and one can make a $1 transaction and receive at least $0.99. Some people who implemented it took it out for as ample as this reason. Because you have to wait for the transaction, yet, you pay some really high fees.

    In terms of mass adoption of Bitcoin, the issue of costs should not be a barrier that should be used as the main reason, because the amount of costs that you give is a very small amount and even in some countries such a small amount cannot buy a piece of candy Cheesy. What I want to convey is that you can pay attention to these fees with the amount of Bitcoin that you will bring into the transaction, you will definitely find a difference in the amount of fees based on the number of Bitcoin units that you transact so I assume that this is always adjusted by the amount that we transact. So this should not be a reason to stop our own desires in terms of adopting Bitcoin at this time and forever.
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  • shanhaigamefi
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    May 24, 2024, 08:24:43 AM
     #131
    Bitcoin price could surge to $140,000 in three months if history repeats itself!

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    May 24, 2024, 02:15:34 PM
     #132
    Quote from: shanhaigamefi on May 24, 2024, 08:24:43 AM
    Bitcoin price could surge to $140,000 in three months if history repeats itself!

    Or it could drop by 80% like it did 18 months ago Smiley.

    We can all hope, but Bitcoin remains a very volatile investment...

  • oktana
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    May 25, 2024, 10:59:46 PM
     #133
    Quote from: CageMabok on May 24, 2024, 07:52:33 AM
    Quote from: oktana on May 23, 2024, 09:34:29 PM
    The only issue about potential adoption is the high transaction fees. I think Bitcoin would be more valuable if transaction fees were really tiny and one can make a $1 transaction and receive at least $0.99. Some people who implemented it took it out for as ample as this reason. Because you have to wait for the transaction, yet, you pay some really high fees.

    In terms of mass adoption of Bitcoin, the issue of costs should not be a barrier that should be used as the main reason, because the amount of costs that you give is a very small amount and even in some countries such a small amount cannot buy a piece of candy Cheesy. What I want to convey is that you can pay attention to these fees with the amount of Bitcoin that you will bring into the transaction, you will definitely find a difference in the amount of fees based on the number of Bitcoin units that you transact so I assume that this is always adjusted by the amount that we transact. So this should not be a reason to stop our own desires in terms of adopting Bitcoin at this time and forever.

    Well, for those who want to use it as a means of payment, that’s the challenge. There’s that need of it being able to be sent in a short time and at a tiny cost. While Bitcoin wasn’t designed to compete with how other transactions are carried out (speed and cost), user would appreciate it was faster and cheaper all at once.


    Quote from: legiteum on May 24, 2024, 02:15:34 PM
    Quote from: shanhaigamefi on May 24, 2024, 08:24:43 AM
    Bitcoin price could surge to $140,000 in three months if history repeats itself!

    Or it could drop by 80% like it did 18 months ago Smiley.

    We can all hope, but Bitcoin remains a very volatile investment...


    Good response because Bitcoin isn’t one sided. It can go up or come down.

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    May 27, 2024, 05:06:09 AM
     #134
    Quote from: synchronym on May 23, 2024, 03:17:02 AM
    Bitcoin is a digital currency that governments of countries that have legalized Bitcoin are investing in Bitcoin with great success. But the popularity of Bitcoin is increasing day by day, people are showing interest in Bitcoin and the amount of investment is increasing. Many times it is seen that we are too hasty to invest. If we invest in bitcoin investment because of our addiction to become an overnight millionaire, we must be patient and have a long-term investment plan if we can invest in this way. I can get a lot of money from this investment. Many times we lose patience and we should not lose patience because if we invest Bitcoin with patience then through this patience we can get as much success from our investment.
    This means you have invested more in bitcoin? i mean you are a holder already of bitcoin because you are claiming to  will get a lot of money from bitcoin?
    well good luck to that and make sure that you already have holding because time is passing and you might be late.
    Quote from: Volimack on May 24, 2024, 02:38:44 AM
    If the internet stops the world will become useless bitcoin's acceptance is increasing as its use increases bitcoin will expand further.
    for what reason that Internet will stop? or will be gone? Internet is here to live like bitcoin and Fiat so we must consider this as part of our life in the next generations.

  • martinex
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    May 27, 2024, 06:48:20 AM
     #135
    Quote from: oktana on May 25, 2024, 10:59:46 PM
    Well, for those who want to use it as a means of payment, that’s the challenge. There’s that need of it being able to be sent in a short time and at a tiny cost. While Bitcoin wasn’t designed to compete with how other transactions are carried out (speed and cost), user would appreciate it was faster and cheaper all at once.

    That is the beauty of the technology in BTC. There are many things that can be used from the technology, its characteristics also make it easier for users if needed at any time. for example, in sending and for Bitcoin transactions, it is recognized that it is faster and cheaper, but at certain moments the fees are a little expensive, even if the network is congested and congested.

    Well, to survive, as OP also asked above, I think it has become an open secret. As long as you are a user, BTC demand will continue to move and become more expensive in the future.

  • ancafe
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    May 27, 2024, 07:21:08 AM
     #136
    Quote from: MarissaLopez on May 09, 2024, 12:36:04 PM
         In conclusion since Bitcoin has survived such attacks from government ,hacks,criticisers, scammers,covid, insurgency etc.bitcoin will still survive in the years to come even if the World war begins and it will do so due to its decentralized Nature,technological advancement and lots more and thus skyrocket to being the leading digital currency.
    All of us hope so but no one can guarantee that when World War III starts Bitcoin will survive or not and hope that such a war will never happen. The only thing I'm thinking about now is how to continue collecting bitcoins and not thinking too far about what steps to take in the future. Bitcoin has experienced several very difficult events, but it has survived and given its best ability to strengthen to its highest value. This is what underlies me to continue trying to collect rather than talking about a future that will not necessarily happen.

    Now this asset has become the target of many people and is marked by massive adoption occurring throughout the world. Some companies also hold more bitcoin than individuals and they see quite a lot of hope in bitcoin. So instead of being busy looking at the future, it's better for us to take the opportunity to invest because at the next ATH we are at the right moment.

  • Kelward
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    May 27, 2024, 07:23:56 AM
     #137
    Quote from: kentrolla on May 09, 2024, 01:20:18 PM
    Keeping the technical aspects aside in layman's terms I would say it has survived for over a decade and faced all sort of challenges from being threatened to be banned to being called scam and being targeted as a medium of terror funding but it has survived of of these accusations and sabotage that's itself is enough for us to understand Bitcoin is not a bubble or weak asset and it would continue to sustain.
    Bitcoin is already surviving every stumbling blocks on it's way to becoming the dominant digital cash, that will take over from all the digital fiat. In the early days of it's creation, people were skeptical about it, including me, it was called a Ponzi scheme in my locality, but as the years went by, it's reputation has continued to increase and more people have seen that it's a store of value, hence the adoption continues to grow. Although I believe that most people that hodl Bitcoin, is for investment purposes, to collect profits from it, because it's an asset that continues to increase in value, hopefully in the future, it'll be used more as a digital cash to make payments for items.










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  • Marvell1
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    May 27, 2024, 08:18:43 AM
     #138
    Quote from: Kelward on May 27, 2024, 07:23:56 AM
    Quote from: kentrolla on May 09, 2024, 01:20:18 PM
    Keeping the technical aspects aside in layman's terms I would say it has survived for over a decade and faced all sort of challenges from being threatened to be banned to being called scam and being targeted as a medium of terror funding but it has survived of of these accusations and sabotage that's itself is enough for us to understand Bitcoin is not a bubble or weak asset and it would continue to sustain.
    Bitcoin is already surviving every stumbling blocks on it's way to becoming the dominant digital cash, that will take over from all the digital fiat. In the early days of it's creation, people were skeptical about it, including me, it was called a Ponzi scheme in my locality, but as the years went by, it's reputation has continued to increase and more people have seen that it's a store of value, hence the adoption continues to grow. Although I believe that most people that hodl Bitcoin, is for investment purposes, to collect profits from it, because it's an asset that continues to increase in value, hopefully in the future, it'll be used more as a digital cash to make payments for items.

    I do not doubt the existence of bitcoin, simply because I am a bitcoin investor. I believe that it will not only last, but in the future it will become as popular an asset as gold or more. But to expect it to become a means of payment or become a currency, I don't think that will happen. Transaction fees as well as bitcoin processing speed are issues for it to become a currency. If it were you, would you be willing to spend a few extra dollars as transaction fees when your bills are only worth a few dozen dollars, let alone bills that are only a few dollars? Second, governments will never accept a currency that is not controlled by them, which not only makes it impossible for them to control the people but also makes it difficult for them to control the economy. It's hard to believe that bitcoin will become a currency in the future while it remains a decentralized asset.
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  • dezoel
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    May 27, 2024, 10:05:02 AM
     #139
    Quote from: Volimack on May 24, 2024, 02:38:44 AM
    Nowadays with the increase in the value of bitcoin the demand for bitcoin is increasing and it has become a part of many societies. Many countries around the world are supporting bitcoin. The use of bitcoin is possible through the Internet so bitcoin will continue as long as the Internet exists. With the advancement of technology the internet is advancing further. If the internet stops the world will become useless bitcoin's acceptance is increasing as its use increases bitcoin will expand further.
    Even though the internet exists but if there is a bitter and selfish government, people can't still use it. There are also calamities and other events like wars, that can affect our BTC use. If the internet stops, the world will still be functional because we don't even have an internet on the past but maybe a lot of people are going to get affected negatively for a while, since I believed that many business are now tied into it.

    The use of BTC is still the same, though yeah that its acceptance have gotten wider now. Let's only hope that this momentum of BTC continues, so that we can also only enjoy at all times using the generous amounts of profits that we can get out of it.
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  • kotajikikox
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    May 27, 2024, 11:00:18 AM
     #140
    Quote from: Volimack on May 24, 2024, 02:38:44 AM
    Nowadays with the increase in the value of bitcoin the demand for bitcoin is increasing and it has become a part of many societies. Many countries around the world are supporting bitcoin. The use of bitcoin is possible through the Internet so bitcoin will continue as long as the Internet exists. With the advancement of technology the internet is advancing further.
    Yes you are right that bitcoin is dependent on the availability of the internet however do not disregard the fact that the government can easily cut off all our internet and even ban certain websites or applications no matter how widely used they are all around the world.

    Just take China for example they were able to censor different kinds of content using their firewall. Facebook, Instagram, even Gmail are some of the biggest used platforms in the world but is banned in China. Of course I am sure there are plenty ways to slip through its security but I am sure that no one will appreciate extra steps just to do access something. Not to mention the possibility of the government finding out.
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