Bitcoin Will always Survive

[ultrloa]

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.

They have the power to cut off possible way for users to use it that's why lets hope for the best that our government will not have any negative mindset just like other country leader aim to stop bitcoin dominance and they want to insert their own interest. But for sure majority will always have final say regarding on this since if we see those officials doing power tripping and disallow user to use bitcoin then we have power to eliminate them via voting so next time if people will just unite together that they should use those bitcoin friendly politician then we can be more better with that.

But I guess we cannot experience this since so far we can see that bitcoin is doing well and I think negative minded politicians can stop this since majority will always win also for sure that they will not make a bad move because it will cost something to them and might they cannot get a seat on government again.

[Kelvinid]

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 . 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.

Fees are still a factor in why adoption isn't going fast. Those days that fees rise to $10 ( and more), I don't think it is encouraging to spend and use BTC to buy. Indeed, it was not the excuse why but the lack of trust really mattered.

After all, and all the factors concerning the adoption, still, no reason why Bitcoin will never survive. As long as Bitcoin remains useful to the community, it still gets strong support. Of course, corrections happen always but it recovers then because that is how it works. Some are selling and dropping the price but on the other side, some are also buying and uplifting the price again.

[amihada]

why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.

[ancafe]

why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.

That is the simplest reason because there are many people who hold bitcoin with a better level of confidence. Bitcoin has gone through several bad events from economic problems, starting from Covid to problems with inflation and recession, but Bitcoin's strength in defending itself needs to be appreciated. Bitcoin is the king of other coins because its price continues to increase and even ETH which has a fairly large market capitalization is not able to surpass it. There is a greater level of trust in bitcoin and now people see bitcoin as the best asset ever.

This level of trust is what makes bitcoin increasingly sought after and people begin to see the opportunity to reach the stage of financial freedom from their bitcoin investments. When compared with the previous system, even though bitcoin is very speculative, bitcoin has a much greater level of superiority.

[redsun114]

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.

Government can't block bitcoins blockchain, government can block binance or any exchange to exist in that nation, meaning that you will only have p2p, or foreign websites that you have to trust. However, in that situation there were plenty of years we had and yet nobody really cared, we figured out a way, we did it with paypal or something and still moved on.

I think it's clear that nations realized that taxing it instead of banning it would be a better thing. That's what a lot of states are doing at USA right now regarding even weed, if 50+ years of spending tens of billions of dollars failed to stop it, might as well make it FDA approved and legal to tax so there would be benefits for the public at the very least of it.

[oktana]

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.

At certain moments? Bitcoin transaction fees are always a little expensive. But despite how much the fee gets too, it beats the banks because the transaction fees is the price you pay for owning your money. And it’s not necessarily faster because it depends on how much transaction fees you’re willing to pay. The more you pay the faster it is, less you pay then prepare to receive the Bitcoin you transferred but in 12 hours or more.

[iPaD]

1. Decentralized Nature
2. Security
3. Limited supply
4. Potential adoption.

Bitcoin has come so far and it has come to stay and nobody can remove it because of it decentralized nature, individuals and government have been fighting to stop bitcoin when it started to became popular but all were not succeeded and the Cybersecurity of bitcoin is very tight that no hacker can penetrate to the bitcoin server and change the narrative. And in all countries individuals adopt bitcoin massively than the government. The countries tht have adopted bitcoin are just few.

But there is a new trend that is going on the State level, countries are stated disturbing cryptocurrency exchanges by banning the p2p in their countries. Which is the lastest ways to crackdown cryptocurrency activities in the world since they can't control the decentralized cryptocurrencies then they went to the Centralized Exchanges to  list the details of people that are using cryptocurrency.

You made a very vital point there

[bettercrypto]

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 . 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.

Fees are still a factor in why adoption isn't going fast. Those days that fees rise to $10 ( and more), I don't think it is encouraging to spend and use BTC to buy. Indeed, it was not the excuse why but the lack of trust really mattered.

After all, and all the factors concerning the adoption, still, no reason why Bitcoin will never survive. As long as Bitcoin remains useful to the community, it still gets strong support. Of course, corrections happen always but it recovers then because that is how it works. Some are selling and dropping the price but on the other side, some are also buying and uplifting the price again.

Well, actually, what you mentioned is correct, pal. As long as there are people who support Bitcoin and believe in it, it will really survive. Just like in the food business industry, as long as there are people who are hungry, there will definitely be food at your food business.

It's the same with Bitcoin. As long as there are people who believe that Bitcoin is a good long-term investment and even in the short term can make a profit from Bitcoin, Bitcoin will really survive, but once those who believe and support Bitcoin disappear for sure, it will not be able to survive.

[rojan]

why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.

Bitcoin has become very popular that's why there is so much demand for Bitcoin. As time goes by, more and more popularity of Bitcoin will increase and if the popularity increases, the price of Bitcoin will increase. People who use Bitcoin trust Bitcoin for which they invest in Bitcoin. And if  If you didn't believe in Bitcoin, you wouldn't invest.

[Abiky]

At certain moments? Bitcoin transaction fees are always a little expensive. But despite how much the fee gets too, it beats the banks because the transaction fees is the price you pay for owning your money. And it’s not necessarily faster because it depends on how much transaction fees you’re willing to pay. The more you pay the faster it is, less you pay then prepare to receive the Bitcoin you transferred but in 12 hours or more.

Not always. Only when there's hype. After the dust settles, fees go back to acceptable levels. The Ordinals and halving craze can't last forever. If you're smart, you'd take advantage of the low fees to open a channel on the Lightning Network. You won't have to worry about fees rising anymore, as fees on the LN stay low forever. Assuming the channel stays open until on-chain fees decline again.

BTC can survive if it stays decentralized and censorship-resistant. Institutional investment comapanies and CEXs might acquire most of the circulating supply, but they'll never be able to participate network consensus. Hopefully, miners aren't bought (bribed) in the long run. We can't predict the future, so lets hope for the best.

[oktana]

At certain moments? Bitcoin transaction fees are always a little expensive. But despite how much the fee gets too, it beats the banks because the transaction fees is the price you pay for owning your money. And it’s not necessarily faster because it depends on how much transaction fees you’re willing to pay. The more you pay the faster it is, less you pay then prepare to receive the Bitcoin you transferred but in 12 hours or more.

Not always. Only when there's hype. After the dust settles, fees go back to acceptable levels. The Ordinals and halving craze can't last forever. If you're smart, you'd take advantage of the low fees to open a channel on the Lightning Network. You won't have to worry about fees rising anymore, as fees on the LN stay low forever. Assuming the channel stays open until on-chain fees decline again.

~~~

I think that I used the right words, that’s why I said “always A LITTLE expensive”. Outside being a little more expensive is it being very expensive like when the fees grew as much as $50. I’m not sure if we can get the fees to be as low as a few cents, but despite what the fees are, it’s worth the decentralization. It’s just not realistic for lower amounts at that point.

[Vinaa77]

why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.

Bitcoin has become very popular that's why there is so much demand for Bitcoin. As time goes by, more and more popularity of Bitcoin will increase and if the popularity increases, the price of Bitcoin will increase. People who use Bitcoin trust Bitcoin for which they invest in Bitcoin. And if  If you didn't believe in Bitcoin, you wouldn't invest.

Since Bitcoin first appeared until now, we can all see that the development of Bitcoin is very good and currently many people are trying to have Bitcoin as their investment because they know its advantages and will be able to benefit from Bitcoin and of course they do all that. for their future and if there are some people who don't believe in it, of course they don't understand Bitcoin well and also they haven't studied Bitcoin so they don't believe in it and will never invest in Bitcoin.

[YUriy1991]

why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.

Many are a bit worried now, seeing that BTC has experienced a very large increase from the beginning until now, especially if BTC owners carry out massive selling actions, causing the market to collapse.

But apart from all the concerns mentioned above, I'm sure BTC will always be here, especially for those who believe in BTC and for those who don't believe it probably won't last long and will continue to abandon it.

[moneystery]

bitcoin will survive even when the government bans it because you can't stop someone's freedom to access bitcoin and use it in their transactions. even in a country like bangladesh that bans bitcoin, there are still many people who use bitcoin for their transactions, even though breaking this rule can result in someone being imprisoned, but people are not afraid of it. this is one of the reasons why bitcoin will survive because even at its lowest point there are still many people who want to use it in their transactions and that's what keeps bitcoin alive.

[Essential10]

bitcoin will survive even when the government bans it because you can't stop someone's freedom to access bitcoin and use it in their transactions. even in a country like bangladesh that bans bitcoin, there are still many people who use bitcoin for their transactions, even though breaking this rule can result in someone being imprisoned, but people are not afraid of it. this is one of the reasons why bitcoin will survive because even at its lowest point there are still many people who want to use it in their transactions and that's what keeps bitcoin alive.

Bitcoin cannot be regulated by governments. Bitcoin is still being used in countries where it is banned due to lack of government control. It is banned in Bangladesh because most people here don't know about Bitcoin and people here are not that much aware about modern technology. If the people of this country know that there is a possibility of future profit from Bitcoin then they will invest here without realizing it.  So the government of that country has banned Bitcoin to prevent people from getting scammed. But the government of all the major developed countries with bans have a different thinking because the majority of their people can keep their money in the bitcoin because the country's economy may collapse so they could ban Bitcoin. Bitcoin is widely used in all countries and will remain so.

[oemar bakrie]

My main reason is because currently the digital era is more advanced and all transactions are digital without having to pay directly, therefore Bitcoin can survive and be more successful even though we have to be careful in digital transactions.

[Z_MBFM]

why is bitcoin the king of coins and bitcoin always survives in the market in my opinion because bitcoin holders still believe in bitcoin they don't give up bitcoin, if all bitcoin holders let go of bitcoin then the throne of bitcoin will fall, you can correct me if I'm wrong.

Bitcoin has become very popular that's why there is so much demand for Bitcoin. As time goes by, more and more popularity of Bitcoin will increase and if the popularity increases, the price of Bitcoin will increase. People who use Bitcoin trust Bitcoin for which they invest in Bitcoin. And if  If you didn't believe in Bitcoin, you wouldn't invest.

Bitcoin is an electronic cash system and because it has a limited supply and no authority to control it, it depends on the internet to survive. And it can be mined by anyone and is the mining rate the same for everyone. If the owner of bitcoin wants to mine, then he will have the same amount of mining as common people can mine. Because of this, everyone believes that no force on earth can destroy Bitcoin. For this, you can invest here blindly and if you invest for a long time, you will get huge returns from here. According to Bitcoin's algorithm, it will never collapse. If all bitcoin users boycott bitcoin at once then its death is possible in terms of price.  Which never seems to materialize.