People Overthink Potential of Bitcoin

[virasog]

Bitcoin decentralized government will never have the power to control it for which it is difficult to impose taxes. Created on an open source basis and without a single issuance center the cryptocurrency is completely independent of bitcoin government banks and corporations he is anonymous and easy to manage protected against inflation. The popularity of a particular currency depends largely on the development potential of the currency once centralized the government is able to control like fiat.

The writing is hard for me to understand exactly the point you are making, but since it seems you are pointing of government not to be in control of bitcoin because it's decentralized currency and the documents of bitcoin is not in position of any governmental unit and agency, it is real that Bitcoin is different from fiat and is independent from it regulations and that made it automous without the support of government subsection.

Even though bitcoin is decentralized, the governments focus is to somehow make bitcoin regularized. Since they can't control the usage of bitcoin, the only option left with them is to regulate it.
They can't let people use crypto freely, they will try every effort to have some sort of control over it. With this you can see the potential for bitcoin is always on a high side.

[LUCKMCFLY]

It can not be denied that BTC can be used in manuevering from the controls of the government. The problem with the world today is that there is just so much power from the government who always portray they are democratic when in fact they are not. Government control private companies which these private companies like gofundme prevents the truckers from expressing their rights.

One of the main things for which I like BTC a lot is because governments can't do anything, let alone banks, it's a currency that is like cryptonite for superman for them, so the mere fact that they don't have control is a big win. Of course now that many things are happening in the world, the problem of war, the pandemic has made many reflect on their money, some of them have mostly left the speculative markets to buy gold, but the most believers in BTC they are those who are buying right now, because they know that at any moment the BTC will reach much more than its last ATH.

[carlfebz2]

I think that the expectation is based on some hype and prediction commented on by many influencers and also crypto enthusiasts previously. I personally also feel the same, overestimate the price of Bitcoin to reaches at least $100k. I have been imagining the profits that I can earn if the BTC price really hits the rate.
but unfortunately, the rate will not happen this year. The market is still chasing moreover because of the war and also other bad condition.

Many just believe on certain predictions which quietly don't have any basis from those people and newbie should think more twice about this since mostly this will caught them and cannot think correctly if bad moments came in the market. That's why its good to verify always the information and digest it once there is supporting facts towards what they see. And major factor that stops bitcoin if we talk about its rising up is what you said the war is one of big factor of its downside at the moment.

Everything would really be speculative and there's no such thing about precise predictions because no one could predict the future which means even professionals or veterans are really than prone to mistakes.

It is really just normal  that people would overthink because we do see that bitcoin never fails to impress us on which it do reach out things that we havent expected for it to happen.
Somehow there are really some mindsets and hopes which are really that come into a point that it was never already that realistic and people should really avoid that.

[Hamphser]

If I myself think this is a natural thing, we are all people here who admire Bitcoin, I think this is normal who then considers Bitcoin to have high potential. 
Whether it's in matters of legal tender or a very high value later.
But what I never agree with is when someone says that Bitcoin will completely replace fiat money, I totally disagree with this. Because at any time this Fiat will not be completely replaced by this Digital currency. But between fiat and Bitcoin, will go together according to their respective functions.

We need to be realistic while thinking about bitcoin. I too disagree with people who say that bitcoin is a complete new financial system that will change the world forever and bla bla. Till date value of bitcoin is measured in fiat like today we are saying that one bitcoin is worth 40k$.
Both fiat and bitcoin have there own pros and cons, and will continue to coexist with each other. There is no danger of both from each other as both have there own domain.

They do even say that it could replace fiat, saving the world from inflation, it would overcome or replace centralized system without even thinking on how crucial these things are and this is where people should realize
on what they are saying.Bitcoin is for p2p transaction without any intervention and yes it could really be applied in most cases on decentralized manner but there's no way  that it could really replaced
into the current system that we are dealing of on years passed even upto now.