Why is Bitcoin in the highest level of trust?

[Luzin]

What is the reason for this trust? 
Is it a belief in technology or that BTC price will rise in the future and bring profit to the owner?

As long as the consensus of trust and bitcoin is based, Bitcoin will not die. But if the world government bans bitcoin and all activities related to blockchain technology then it could be worthless. But to be like that seems very difficult. China may succeed in pressuring its citizens not to do activities related to crypto, but it cannot pressure global citizens to become like its citizens.
Regarding the advantages of course, if you look at the supply law deman then tomorrow bitcoin will deliver a new ATH again but I don't know when. In addition, crypto blockchain has more advantages than fiat money. At least it becomes one proof that the crypto blockchain industry deserves to continue to be developed and have regulation.

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[geegaw]

why bitcoin is at a high level of trust, I personally think bitcoin is the safest and most trusted asset,

Yeah no shit, bitcoin is the most trustworthy because it is the most trust asset.

Probably the trust comes from being a pioneer of the technology and it was the first of it's kind to work just fine even without the supervision of it's founder. Another reason in connection to the first one is that people would likely trust anyone and anything if they have already proven themselves or itself that they can do what they say they can do.

I feel that despite being a pioneer and a fairly early arrival in the form of technology but these still do not constitute a reason big enough for us to hope for a mission then entrust both fate and destiny to it, in addition, we are very proud of the ability to grow without supervision but it also shows that there is no particular roadmap for the future. All in all, technology has never been the lifeblood of bitcoin, bitcoin is worth trusting just because of what it has done from the past to the future, very pure and without any signs of deception or fiction like new technologies, a name and tagline that never fades no matter how big the earthquake here

[Monochroic]

Bitcoins have been consistently profitable for a long period of time now. This characteristic of Bitcoin makes it popular and trustworthy. Not only is it profitable, it is also the first cryptocurrency to be introduced. It kind of holds the fate of all the cryptos that have ever been introduced till now.

[nurilham]

Bitcoin has the highest level of trust because it has led the market for many years and is unique in that its supply is finite and unlikely to change. different from other cryptos whose supply changes. That's why Bitcoin is the prima donna of crypto because the rarer bitcoin, the more valuable it is in the eyes of investors. The good Bitcoin price movements also make investors vying to own it. How not, if we compare the price at the beginning of its appearance and now, the price has shot far and it is hoped that in the future the price will more rise.

[barabarian1]

sometime, people said that bitcoin is trusted, and the other will say that is scam because of their bad experience.
people who already know, will trust and many of them store their money (after get paid) to this world. trust emerges because something happen, and maybe twice or more. and trustful come from after making profit.
at first time, im just trying to get in as deep, although its not deep as now, after few year, i know that i have to swim more and more. trust level increase as time goes by.

[bhooscream]

Commonly, the first will be always the first.
I mean that:
- Bitcoin is the first cryptocurrency found and this is very special because we know how Satoshi rose up the idea of blockchain technology
- Bitcoin has passed very various situation both bad and good, but so far BTC still survives very greatly
- Bitcoin is full of trust, by the old people until the new comers in the crypto world.
- The total supply, the mining, and all activities related to Bictoin are special

[Drahzar]

Guys, what about that NFT that Satoshi put up for sale after 10 years of silence? What do you think? Is he alive or got hacked?

[eazolan]

Guys, what about that NFT that Satoshi put up for sale after 10 years of silence? What do you think? Is he alive or got hacked?

please tell more i need to know

[leea-1334]

I think we can all discuss all the fundamental reasons of security and decentralization etc etc but the proof is in the history of Bitcoin.

Never been successfully hacked,,, Never refused or given back,,, And if I wanted today to spend or sell my BTC I could do that much easier than any other altcoin.

This for me is reason enough for any newbie to choose BTC over anything else. Trust is something not rational correct?  

[Drahzar]

Guys, what about that NFT that Satoshi put up for sale after 10 years of silence? What do you think? Is he alive or got hacked?

please tell more i need to know

he put the first mention of bitcoin from his account on the auction, everyone is talking about it http://p2pfoundation.ning.com/xn/detail/2003008:Comment:169634

[yayayo]

I think we can all discuss all the fundamental reasons of security and decentralization etc etc but the proof is in the history of Bitcoin.

Never been successfully hacked,,, Never refused or given back,,, And if I wanted today to spend or sell my BTC I could do that much easier than any other altcoin.

This for me is reason enough for any newbie to choose BTC over anything else. Trust is something not rational correct?  

I agree. Bitcoin being the ever first cryptocurrency has also a lot of factor to play why it has the highest level of trust. Then, a mentioned, its security and value are what makes it more desirable for the many even those who just spectators and starting in the crypto world.

ya.ya.yo!

[eazolan]

Guys, what about that NFT that Satoshi put up for sale after 10 years of silence? What do you think? Is he alive or got hacked?

please tell more i need to know

he put the first mention of bitcoin from his account on the auction, everyone is talking about it http://p2pfoundation.ning.com/xn/detail/2003008:Comment:169634

where? i want to see it i can't believe  this is real

[Minor Miner]

I think we can all discuss all the fundamental reasons of security and decentralization etc etc but the proof is in the history of Bitcoin.

Right, history is really invincible. Only one thing is saddening that we lost "Satoshi"; we got him by our side in Bitcoin misfortune and helped in developing but today we do not find him in the golden days of Bitcoin. Without this thing, the whole history is really invincible.

Never been successfully hacked,,, Never refused or given back,,, And if I wanted today to spend or sell my BTC I could do that much easier than any other altcoin.

Even no one has ever been able to crack Bitcoin's private key partially. Although some developers claim to extract private keys using public keys, they have never been able to do that.
some people are very shouting about 51% attack but I just hear this mystery all over the year, never seen practically.

This for me is reason enough for any newbie to choose BTC over anything else. Trust is something not rational correct? 

I don't know about newbie, but institute and government who has the power and has the ability to invest bulk money, their first preference is Bitcoin. Cause with the profit they also care about the security of their investment, and only Bitcoin is the real secured world.

[rahmatrf331]

I think we can all discuss all the fundamental reasons of security and decentralization etc etc but the proof is in the history of Bitcoin.

Never been successfully hacked,,, Never refused or given back,,, And if I wanted today to spend or sell my BTC I could do that much easier than any other altcoin.

This for me is reason enough for any newbie to choose BTC over anything else. Trust is something not rational correct?  

I agree. Bitcoin being the ever first cryptocurrency has also a lot of factor to play why it has the highest level of trust. Then, a mentioned, its security and value are what makes it more desirable for the many even those who just spectators and starting in the crypto world.

ya.ya.yo!

bitcoin has entered a high level of security so the security level does not need to be worried anymore, we just have to be careful to keep the wallet key address so that it is not easily hacked by hackers. in addition to strong security, I think bitcoin is an asset with a very fast recovery rate so the risk of loss can be minimized.

[touseefahmad1999]

Hi ! Bitcoin is very reliable for trading without any risk there is no chance to loose money because it has instantly and recovery money fast. It's fundamentally very strong coins best thing is decentralized coin . So you can choose this for long term or intratrading day . Even that you must save your private key otherwise you would loose important money . Bitcoin security is too much higher level nobody can crack of Bitcoin

[BuNga_cute]

sometime, people said that bitcoin is trusted, and the other will say that is scam because of their bad experience.
people who already know, will trust and many of them store their money (after get paid) to this world. trust emerges because something happen, and maybe twice or more. and trustful come from after making profit.
at first time, im just trying to get in as deep, although its not deep as now, after few year, i know that i have to swim more and more. trust level increase as time goes by.

Usually people who are new to Bitcoin are unlikely to have trust in Bitcoin, moreover Bitcoin uses a new technology that not many people know about.
And also a lot of incidents of fraud on the internet, then it makes people who know Bitcoin for the first time usually don't immediately trust Bitcoin.
Our level of trust will be high in Bitcoin, if we have learned all about Bitcoin and managed to benefit from Bitcoin. Or we can get recommendations
from our family, usually we can more easily believe in something new for us. So why more and more people have high trust in Bitcoin, that's
because Bitcoin has proven to be able to provide many benefits to many people. Bitcoin has even created a lot of new rich people in a pandemic
situation, this makes Bitcoin more popular and gain the trust of many people.

[jostorres]

Bitcoin has proven to be able to provide many benefits to many people. Bitcoin has even created a lot of new rich people in a pandemic situation, this makes Bitcoin more popular and gain the trust of many people.

Still, I do see veterans are not recommending to go all-in into bitcoin investments as bitcoin is an experimental project hence investing only affordable is highly recommended. I agree that bitcoin has proved its potential so far in more than 11 years of time but anything could happen in future hence we should not risk our life with only one investment opportunity which could be bitcoin or anything else.

Bitcoin really got the highest level of trust but that does not mean we can invest all our money into it. Even Bitcoin is highly reliable one, we should diversify our investments along with other investment opportunities like stocks and gold to balance our life at any unexpected events.

[leea-1334]

I think we can all discuss all the fundamental reasons of security and decentralization etc etc but the proof is in the history of Bitcoin.

Right, history is really invincible. Only one thing is saddening that we lost "Satoshi"; we got him by our side in Bitcoin misfortune and helped in developing but today we do not find him in the golden days of Bitcoin. Without this thing, the whole history is really invincible.

I do not think it is sad at all. Look at the big networks who their founders saw the success of Bitcoin and tried to step down to do the same,,, they could not (think of Litecoin for example with Charlie Lee who stepped down but it was too late).

I think Satoshi leaving the way he did was the best thing for Bitcoin, and Bitcoin users will never see this golden age if he did not leave.

I don't know about newbie, but institute and government who has the power and has the ability to invest bulk money, their first preference is Bitcoin. Cause with the profit they also care about the security of their investment, and only Bitcoin is the real secured world.

Same as states,,, we think they are smart and powerful but at the end of most days the decision lies in the hands of one or two people who know as much as us. How many countries invest in Bitcoin truly understanding it or even using it we can never really know.

[MIner1448]

First of all, bitcoin can be trusted due to its primacy in the market and a long history of its existence, because it is one of the first on the market and has never deviated from its concept of creation and its anonymity, there is no such thing on the market as bitcoin.

[Gyfts]

• In banks' ledger server, our money is just a string of number. Banks render these number effective. We trust banks then we carry out normal economic activities. But thought banks will not directly tamper with the number in our account, the government can depreciate the value of our wealth by issuing paper money in a large amount to deprive our money.
• When it comes to Bitcoin, no intermediary is needed in money transferring. A distributed system built trust with the help of decentralization. Bitcoin protocol allows two separate individuals to conduct transactions in a peer-to-peer manner via the Internet. When you transfer Bitcoin from one account to another, you can trust not only its underlying system for support, but also the authenticity of the sender and the validity of Bitcoin.

This is a great point, and I like to explain to people using the logic you have above, when they minimize Bitcoin as worthless. The bitcoin private key that defines someone's balance is essentially a random string of numbers that is recognized by a network, in which you can transfer ownership of digitalized currency with other owners of the same type of randomized string. Banks utilize the same concept, except they attach personal information to each of the strings, and the central authority (whatever it is, government, the private bank itself, etc.) are able to modify any of the balances at their whim.

What security do you have the bank will honor their end of the deal, and maintain the balance they claim they hold for you? Banks require that you trust them, bitcoin requires that you trust yourself. And who do you trust more?