What if stop believing about bitcoin ?

[rodskee]

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?

I think it will never happen because every country has their own sight about bitcoin, look at the China and the U.S they are both big country that can affect the market. The China ban cryptocurrency but the U.S did not follow China's banning of cryptocurrency, because they have different sights about it.

US and China will forever have rivalry meaning they will contradict each other, the one that will abandon this then the other will accumulate.
Believing in bitcoin may lowering in future but there will be a replacement currency like some altcoins in which will perform more valuable than Bitcoin.

Lol, that's not possible. When Bitcoin was created (when people least believed in it), people still bought it! And there are so many people who had invested from the early time till now. So if they didn't give up then, do you think that they'll give up now that it's getting more popular on a daily basis? This question would be more valid if you asked it when Bitcoin was launched, but, it has been launched and it is successful already (There's always that someone somewhere that is confident about it).

don't hold in that belief because world is round there are changes that may come in future,

[xSkylarx]

The majority of the responses do not respond to the question. I believe that if we stop believing in bitcoin or if we stop investing in it and simply forget about it, the price will fluctuate, and I believe that it will eventually die because no one is buying or selling it. It is as if it exists but serves no function. Though, if you state that just a small percentage of people will eventually give up bitcoin and quit believing in it, I believe the price will vary but eventually rise after a few months.

[TheGreatPython]

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?

First of all what do you mean by bitcoin has no physical value? Does fiat have value if not just debts? Lol you must really be kidding me. Everything has value, if Bitcoin has no value then why are we here? (I don’t know what you mean by physical value, if you mean gold as the physical value, then you should know that everything is based on fiat and since bitcoin has that value, it can as well be exchanged for gold if you want.

Finally, this is just an imagination that’s never going to happen, because it is not possible to wake up and nobody would be interested in bitcoin, it is not possible at all. You cannot state any reason that can make everyone to lose interest at once, if there is anything that can lead to such, then I have not heard of it.

[Mamun74]

Bitcoin is not a physical asset like gold.Bitcoin is a digital crypto currency. No doubt now bitcoin price more increase than others crypto.Bitcoin is valuable coin in crypto market. Few years ago who didn’t believe bitcoin now they believe in Bitcoin. I think bitcoin will more develop their system and price will increase in future.

[herurist]

I don't want to be included in the group you say
it goes back to your perspective whether you want to believe it or not it is a prerogative.
but the reason for distrust must also be there, when you say bitcoin has no physical presence it is true but bitcoin has a presence in value and it is impossible for people to judge it when they don't believe it and vice versa when they already believe the reason for their disbelief must also be clear because the value always leads to a good trend.

[DarkDays]

The majority of the responses do not respond to the question. I believe that if we stop believing in bitcoin or if we stop investing in it and simply forget about it, the price will fluctuate, and I believe that it will eventually die because no one is buying or selling it. It is as if it exists but serves no function. Though, if you state that just a small percentage of people will eventually give up bitcoin and quit believing in it, I believe the price will vary but eventually rise after a few months.

Well, it is a hard question to get a straight answer to. Reason being that there are so many different holders that no full consensus can be reached unless something fundamentally unstable was to shake all of those believers.

The chances are that this cryptocurrency will have its merit for sometime despite the issues with the network itself that can't sustain more than 5

transactions/second, and then again not everything seems to be about merit, and BTC is the only coin that can stay on top of the rest simply by being the first digital

asset.

To me at least it looks like it is heading in that direction, and this is where its main price point is derived from, unlike many layer 2.0 solutions that are challenged by  scalability and efficiency issues.

[taufik123]

Those who say they don't believe in Bitcoin or cryptocurrencies are those who have never succeeded in crypto, those who always lose because of a lack of knowledge about how to make good investments and seek to profit from every opportunity that exists in crypto. Pros and cons about crypto are always there. But for today's modern society cryptocurrency is a place to make profits easily but on condition that you know what to do.
Stop believing in crypto or bitcoin is a common thing, because those who stop believing are those who don't know what to do in the future.

[chanler]

if it happened to everyone then bitcoin would lose the price. but I think that is impossible considering nowadays more and more people are interested in investing in bitcoin. although bitcoin has no physical value but bitcoin still has a price and we know the price continues to soar up from when it first appeared. bitcoin is something that can be trusted and can be put to good use if we want to use and manage it well too.

[Kimonoe]

if it happened to everyone then bitcoin would lose the price. but I think that is impossible considering nowadays more and more people are interested in investing in bitcoin. although bitcoin has no physical value but bitcoin still has a price and we know the price continues to soar up from when it first appeared. bitcoin is something that can be trusted and can be put to good use if we want to use and manage it well too.

indeed if that happens then bitcoin can be worth zero, but looking at the current conditions I think it is difficult to happen, unless there is indeed an extraordinary event that requires cryptocurrency to be destroyed. especially now it seems like people are just starting to learn crypto as their source of income

[Cryptmuster]

Stopping believing in bitcoin is not so easy, it is like stopping believing in gold now. This simply will not happen, because most countries have foreign gold reserves, which provide the national currency. I suppose that in the future countries will also have their own reserves of bitcoin, and if bitcoin is already at the state level, then it will simply not work to stop believing in it, bitcoin will not go anywhere.

[Retainly_Collie]

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?

In fact, if there are a lot of people who don't even know what it is, then a person has the opportunity to be informed, so why do you have such silly thoughts.
Trust happens when it brings value (including everything) and whether that value is good or bad, we still have great faith from it.

[fileo]

We can absolutely stop believing Bitcoin if we didn't know it, if we didn't see this massive influence of Bitcoin in the world. However at the moment it is difficult to avoid believing on Bitcoin as we can see the impact to people's lives around the world. Because of Bitcoin we have now what we called altcoins which alternative investment apart from Bitcoin. Altcoins are cheaper investment than Bitcoin. But Bitcoin controls the market movement when to pump and when to dump synchronize.

[famososMuertos]

The issue here is not about old standards in the fragile thinking of imposed schemes, people by dogma have to believe in something they can touch but strangely enough, gold always puts it as a reserve of value but it is up to who to guarantee this, ah! yes, the government at institutions that represent him.
You have seen the gold reserves of your country, of course gold does exist, but you have seen it, you can go and consecrate yourself with all the gold that exists and take a selfie in front of thousands of kilos of gold (!?).

The government tells you that such a thing exists and the entire system that is in the fork accepts the game of the value of the fiat in gold, but it really is the equivalent or there is more electronic money-paper than gold that can back money it, but quit out this heavy truth of your mind, it is not a fact that they tell you ... and wow! who is telling you.

So, the real value of the question is what happens if we no longer believe in this Fiat-gold equivalence.

[shawonngp]

I believe in Bitcoin from the heart. I have benefited a lot from Bitcoin. Bitcoin will last a lifetime. It will last as long as people use Bitcoin.
Everyone has benefited through Bitcoin. The digital age has come and I think we need to adjust ourselves to accept it in order to reach and grow into the next age.

[nur rochid]

I believe in Bitcoin from the heart. I have benefited a lot from Bitcoin. Bitcoin will last a lifetime. It will last as long as people use Bitcoin.
Everyone has benefited through Bitcoin. The digital age has come and I think we need to adjust ourselves to accept it in order to reach and grow into the next age.

In the era of computers and the internet like today, it is indeed to imagine bitcoin losing everyone's trust is something that most likely will not happen, even in the future I think it will develop even more. therefore this is a great opportunity for investors, so it's a shame to miss it

[carrigan]

At least even though Bitcoin does not have a physical form, it can still be cashed or exchanged for fiat. So it's unlikely that people will not believe in Bitcoin later, besides that the times have also made people and technology more advanced and sophisticated so their minds will be much more open and broad on software. Even now many people are suddenly rich because of Bitcoin, everyone of course needs money to live so they will actually compete to win Bitcoin.

[Myleschetty]

Only naiveness will make anyone stop believing in Bitcoin cause if it can survive during the season of fud when the government placed a strong restriction on it when some banks and private institutions don't recognize it as a hedge during the world economic meltdown. Why would anyone stop believing in it now that some banks and private institutions recognize it?
It doesn't look so well.

[qwertyup23]

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?

Stocks have no physical value also, so why do they cost a fortunate especially to some blue-chip companies? Remember that the price of BTC derives from the persons who are willing to pay such price. In addition, the price of BTC also stems from the law of supply and demand due to its inflation of only 21 million in supply.

Many have seem to invalidate the actual use of BTC and only see it as an investment opportunity. Remember that BTCs were created in order to eliminate the need for a third-party consensus in our transactions. While its price is significantly high, such is only its secondary use for the time being.

[geegaw]

I believe in Bitcoin from the heart. I have benefited a lot from Bitcoin. Bitcoin will last a lifetime. It will last as long as people use Bitcoin.
Everyone has benefited through Bitcoin. The digital age has come and I think we need to adjust ourselves to accept it in order to reach and grow into the next age.

I don't use my heart to believe when bitcoin is not a person, giving emotions to something insensitive is really not in our favor because you should distinguish that the way we treat what we put too much affection on, sometimes decisions lack a bit of ruthlessness and determination while we deal with inanimate and emotionless things, our attitude does not hesitate and not a bit shaky after the purges and renunciations. I am the kind of person behind when I feel that reducing trust will hurt less and your plans will be more investor nature, instead of amateur.

[Masplanc]

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?

If you stop believing Bitcoin it does not affect Bitcoin in any way. There are many who understands what Bitcoin stands for and the value of Bitcoin. Since Bitcoin is a digital currency I don't think there is no need Bitcoin to have a physical value.