What if stop believing about bitcoin ?

[sherenikaw]

I think it will be difficult to happen considering that there are currently more and more people who believe in bitcoin and play a role in investing in it. although bitcoin does not have a physical form but we know that it is valuable and bitcoin is safe money, it has been proven from its inception until now. we cannot rely on the former, we must be able to keep up with the times and believe that the development of this technology can help and make it easier for us in the future.

[zaesvlas]

I do not think this is in danger in the near future. And in any case, many people now treat bitcoin with caution, because they understand that it is a rather unstable currency.

[maydna]

For true believers in bitcoin, nothing can make them stop believing in bitcoin because they believe that bitcoin can change their lives for to better. People who believe in bitcoin or stop believing in bitcoin will not have a problem because it will still exist in its place with or without people who do not want to believe in it or stop believing in it. Bitcoin is a digital asset, just like the other assets, but bitcoin does not have a physical form.

[Nutrient]

I’d like you to walk me through your thought process. What triggered this? Well, just like in the real world, there are already believers of Bitcoin and there are non believers of Bitcoin. This balance will always exist.

[Rampagoe004]

Bitcoin does not have physical value, but many people believe that bitcoin can buy what we want to buy in the real world so this all depends on our thinking such as our belief in our respective religions, and bitcoin can be produced from different compositions so that we can get it in a way that has been determined by certain parties, And if bitcoin does not work in accordance with the procedures that have been set then at that time there are only people who think as you ask, Many people who believe in bitcoin because they know the rewards they get are very satisfying.

[adzino]

People don't use bitcoin because they "believe" in it. They use it because of the advantages, security, easiness and the better use cases it has over traditional currency. And who told you that fiat currency is backed by gold? Fiat currency is backed by nothing. Those are just papers that can be printed by the government whenever they want. Yet, people still use it. People might one day stop believing in fiat currency (in fact look at some countries. Their fiat money is so fucked up people over there now prefer crypto currencies), but I doubt they will stop believing in bitcoin.

[KingsDen]

Whether it has a physical presence or not, hence everyone stops believing in it, it will stop to exist.
Even if your gold, company, currency or whatever thing that has physical presence, hence everyone stops believing it it, it will stop yo exist.
Then bitcoin is designed in such a way to attract believers and not to turn believers to unbelievers.
Everyone wants independence;
Everyone wants freedom;
Everyone needs privacy;
So, you cannot necessarily stop believing anything that satisfies your need, unless under serious compulsion.

[TheUltraElite]

I do not think this is in danger in the near future. And in any case, many people now treat bitcoin with caution, because they understand that it is a rather unstable currency.

Oh so did you learn how bitcoin is going to explode tomorrow? Sounds like a fun idea to me.

Unstable in what aspect? If you check volatility then bitcoin's price changes every year remain within 15% and the average range is 5-10% only. That is stable as compared to some altcoins which go +/-400% everyday.

Bitcoin is a digital asset, just like the other assets, but bitcoin does not have a physical form.

Just for the sake of physical bitcoin, I posted in this thread already once about them. They do exist and they are traded as collectible objects in the "Collectibles" section of this forum, but it is indeed a niche group of this forum.

Bitcoin does not have physical value,

Strange that so many people are interested in physical objects to be able to set a value. You can set a value on anything you want and if other people also agree that the object does carry value it becomes valuable. This is how gold started as a money tender and gradually fiat.

[Hippocrypto]

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 ?

It is too impossible that people will stop believing in bitcoin since they use it for so many years. Bitcoin became their source of income and can help them financially stable. It's too difficult on stop believing bitcoin since it is already very popular to some countries. Some of the countries accepts bitcoin and treat it as part of their daily living that's why it's too impossible. I guess it will be more popular when years passed by than stop believing on it.

[Ozero]

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 cryptocurrency, the main thing is faith, or rather, people's trust. The price and high cost of individual cryptocurrencies actually rests on the trust of the participants in this market. If trust in a particular cryptocurrency is lost, it will quickly lose value. This should always be remembered. This applies to any cryptocurrency, including bitcoin. After all, the price on the cryptocurrency market is formed exclusively as a ratio of supply and demand. Trust will fall, there will be no demand, the price will also fall.
However, this does not threaten Bitcoin yet. It enjoys the highest human trust of all cryptocurrencies.

[imran101]

I don't think Bitcoin's faith will ever stop. It may be a fictional idea. None of the digital currencies in the market have a physical presence. And I don't want to distrust Bitcoin. Bitcoin has given me a lot and I am hopeful it will give me a lot in the future as well

[Warkop]

In my opinion, if you don't believe in bitcoin, that's your right, because from the past until now Bitcoin has not forced everyone to own it and also believe in it. But I'm sure you'll be very sorry for telling everyone about this and seeing bitcoin price much better than gold later on.

[Shasha80]

Even though bitcoin has no physical presence, there are still a lot of people believing this asset and besides despite of that thing there are already a lot of people who get rich because of investing bitcoin.

You are free. everyone is free not to believe bitcoin, they can do whatever they want to bitcoin, we are all free here, no restrictions, and no authority.

It's actually natural that new people don't trust Bitcoin, maybe because they haven't learned about Bitcoin. But after learning Bitcoin properly,
slowly trust in Bitcoin will increase, and people will believe in Bitcoin even though it is only a digital asset without a physical presence.
How can we trust Bitcoin if we don't try to learn it and try investing in Bitcoin. Because if people have succeeded in making profits from Bitcoin
investments, they will trust Bitcoin.

What makes me wonder is if there are people who have been investing in Bitcoin for a long time, then decide to stop trusting Bitcoin. It is possible
that the person invested in Bitcoin with the wrong way, and in the end the person suffered a loss, then blamed Bitcoin. It was actually his right that
he decided to stop trusting Bitcoin, because there really is no compulsion to invest in Bitcoin. If it's like that person who will regret it, because there
are so many benefits that we can get from Bitcoin. So if we experience losses when investing in Bitcoin, don't be in a hurry to decide to stop believing
in Bitcoin. Think again carefully, maybe the loss was due to our own fault.

[ChiBitCTy]

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 off no, not every country has the equivalent of gold to their fiat currency, in fact I would highly doubt that any country still has the gold standard where they tie their fiat to gold.  Many countries are very poor, so this statement is absolutely false.  Bitcoin doesn't have to be physical to have value, I don't understand why that is so hard for some people to understand personally.

[masulum]

Even though bitcoin has no physical presence, there are still a lot of people believing this asset and besides despite of that thing there are already a lot of people who get rich because of investing bitcoin.

You are free. everyone is free not to believe bitcoin, they can do whatever they want to bitcoin, we are all free here, no restrictions, and no authority.

The main idea by OP not about how people get rich or free, but about if (just when something happens), people stop to believe. the actually answer is, Bitcoin is the same as fiat currency, we know fiat currency alone can not have value like the Zimbabwean currency, Bitcoin can also be like that. This is if we talk about how when everyone in every country stops trusting bitcoin, then bitcoin will not have value as it does in fiat currency. What happens to bitcoins owned by investors, the results will be the same as when bitcoins were not exchanged for Pizza for the first time. ie there is no value.

however, if we look at the current conditions with the current bitcoin price, it doesn't look like that's going to happen, right?

This is just speculation or a question for newbies to know the answer to.

[TheUltraElite]

It is too impossible that people will stop believing in bitcoin since they use it for so many years.

I dont think the number of people in this world earning from crypto is that significant. Maybe you are thinking like that because majority of the traffic to this forum is from signature campaigns. But this forum is not the entire world.

It's too difficult on stop believing bitcoin since it is already very popular to some countries.

In some communities would be the proper terminology, you cannot make an entire country accept something, that would be wrong - there is a freedom of choice here.

Some of the countries accepts bitcoin and treat it as part of their daily living that's why it's too impossible. I guess it will be more popular when years passed by than stop believing on it.

I agree that in some specific countries only there is possibility to spend and use your crypto in day-to-day practices.

Also believing in something is a lot different from speculating on its price. Someone might just be interested in the currency use of bitcoin. This also depends on how local governments are approaching crypto.

I don't think Bitcoin's faith will ever stop. It may be a fictional idea.

It is not a fictional idea. It is a Proof-of-Work, which means that the work done by the miners will be the thing protecting the network.

[Xinarae*]

Whether to believe in bitcoin will usually depend on the individual himself no one is in control here. The individual is able to do everything as his own independent just as crypto markets are easy to get rich with, if you don't have the right knowledge about the market you will be at risk we have to wait patiently and move forward with confidence by investing in bitcoin. It is possible to get a lot of profit through long term investment negative thoughts will hinder you from becoming rich.

[Patigi]

If stop believing in Bitcoin their will be a lot problem for some people especially me because I make my money through trading and Bounty. Is from advertisement of coins I am able to feed my self and take of some financial problems. So if  people stop believing in Bitcoin their will be problems for some people because some people daily bread are from there but all depend on your self. out there no more vacancy for jobs.

[karanggatak]

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 ?

dont be surprised about that one, many people believe non physical things, and im the one of them.
the first time appearing, hard to believe in bitcoin. this coin be the one and no other rival. as time goes by, people give their courage and being big explosion. its hard to ignore bog presence like this coin, the number make you think twice of you have it.

[rizqoAD]

Bitcoin has no physical, Bitcoin is a digital asset that has a high value so we can benefit from it. Even though Bitcoin is not physical, I have experienced the benefits of Bitcoin and it is real, so I don't think there is any reason not to believe in Bitcoin. Indeed, there are many other investments such as buying physical gold, but I am more interested in Bitcoin because it is easier to store and more profitable than gold. It's all up to you whether you want to believe in Bitcoin or not.