Another "Bitcoin Is Here To Stay" Thread 😁.

[Fivestar4everMVP]

I came across this shot online, it's a new paper from Daily Mail dated Tuesday, December 5th, 2000.
The bolded headline which I quote below...

Internet 'maybe just a passing fad as millions give up on it'

Is what caught my attention.
 Seeing how this correlates with what is currently happening to bitcoin made me believe in bitcoin the more, it shows that every innovation that changed the way the entire world does a thing, faced alot of challenges at their beginning.

The internet came, it changed the way we used to interact and connect with one another, it changed the way we used to pass information, it connected the whole world together, we enjoy it today, But at its younger years, not many people accepted it.

Today, Bitcoin is here to change the financial system, it is here to take financial/monetary power away from the governments, away from the banks, away from so called financial authorities, bitcoin is here to take financial/monetary power away from all this entities, and give the power back to those it really belongs to, but still alot of people are refusing to accept it, even at the detriment of their future, the Chinese government are at the forefront of the war against Bitcoin, and some foolish people are blindly following them.

I remember the story of paypal, PayPal fought against bitcoin, they banned users who bought bitcoin with PayPal, long story short, today PayPal has a bitcoin and cryptocurrency wallet in-built in the app, the co-founder once said the greatest mistake he made in the last decade was getting too late and too little into bitcoin.

If the internet faced challenges in its early days but today, it's a success, give your reason why you think bitcoin can not succeed even far better than the internet.

Put your comments down below. Let's discuss.

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[BitcoinGirl.Club]

Today, Bitcoin is here to change the financial system, it is here to take financial/monetary power away from the governments, away from the banks, away from so called financial authorities, bitcoin is here to take financial/monetary power away from all this entities, and give the power back to those it really belongs to, but still alot of people are refusing to accept it, even at the detriment of their future, the Chinese government are at the forefront of the war against Bitcoin, and some foolish people are blindly following them.

By nature people are trained to follow. You will have a leader or a group of powerful people who will make rules for society and the rest will follow it. This is how human were trained from the ancient time. The powerful people always took advantage from it. Unfortunately people know it but still they are just too afraid to make their own way. Democracy was never there. The only example of democracy is bitcoin.

If the internet faced challenges in its early days but today, it's a success, give your reason why you think bitcoin can not succeed even far better than the internet.

The post man never liked email. Internet was a bubble. Obviously now it's bankers time. It's all propaganda from the groups who will lose their power.

[darkv0rt3x]

These are some examples of the Theory of Evolution. The best technologies will always overcome smaller/less effective technologies. Why should people be giving up on it? It's an evolutionary system by that time that seemed to be ineviatble so, humans would develop it, improve it, spread it by any meansm, because it was simply too good be be left behind. Just like Bitcoin. Looks like Bitcoin is taking longer to get a grip but it will prove the best and will prove the only one that can take over the current fiat system. And even if CBCs tries to slow it down, people will tend to follow the best evolution an that's not CBDCs for sure because they are just a 100% digital version of the same shit we alreay have now!

[Wiwo]

Democracy was never there. The only example of democracy is bitcoin.

Bitcoin is indeed the only democracy because the simple definition of democracy is, government of the people by the people and for the people and in the real sense. Bitcoin represent and interpret the real concept, Bitcoin is the currency of the people, created by an individual and serving the people and also the people and in control of their own finances,

[hatshepsut93]

If the internet faced challenges in its early days but today, it's a success, give your reason why you think bitcoin can not succeed even far better than the internet.

Because Bitcoin is Bitcoin and the Internet is the Internet. The Internet is a radically new structure for communication and spreading information, for the first time people got ability to instantly send information to any number of people at any place in the world, and also have this information available 24/7. It's a vastly different dimension when compared to radio, TV, telephone, newspapers.

Now compare Bitcoin and banks - both allow you to send money to other people, the difference is that Bitcoin is free from limits and control, but it doesn't matter to 99.9% of users. And money with fixed supply is not innovative either, people abandoned gold standard, because they decided that the benefits of supply that can be inflated outweigh the downsides.

Bitcoin is here to stay because of this tiny share of global population that values its benefits, but expecting it to be nearly as adopted as the Internet is a pipe dream - if Bitcoin was on track to such adoption, it would have already saw much higher adoption.

Also, the Internet was rapidly improving since its introduction. At first it was slow, expensive, the browsers lacked features that we have today - but it quickly became cheap, fast, available and full of content. Bitcoin fundamentally barely changed since Satoshi mined the first block, without considering Lightning Network.

[Baofeng]

I guess people resist changes, like can the internet change the old and traditional way we read newspapers? that what the argument against internet as early as 1995. But then again how many newspapers and magazines was killed if they didn't adapt to the changing times, all of them did become online.

So that might be the same plight for bitcoin and crypto, will people going to used the old and traditional fiat and banking system? or those needs to adapt as well (we have CBCD's already and then banks embracing crypto).

[sheenshane]

It's a part of the evolution that leads us to progress and have innovation.

I have heard different stories before from my parents, there's no internet at that time even sending a letter could take a week before it will arrive at the receiver.  But now through the help of technology and the internet, everything is just in one click on the internet using our device.  Even sending money is very easy today not like before when there was the internet and that's why Bitcoin was also created here to alternate the traditional financial system.

Trivia;
The internet was discovered on January 1, 1983, and has communication online.

[coupable]

After all these years, it is no longer possible to cancel Bitcoin as a major player in the global financial scene.
And whoever says the opposite of this is either ignorant or one of the old players who do not wish that Bitcoin will continue to spread, and by this I mean banks and financial institutions with their allies.

[Dave1]

After all these years, it is no longer possible to cancel Bitcoin as a major player in the global financial scene.
And whoever says the opposite of this is either ignorant or one of the old players who do not wish that Bitcoin will continue to spread, and by this I mean banks and financial institutions with their allies.

I don't think it's not about bitcoin being a major player in the financial scene. It's about giving control back to the people and that's why government and other entities wanted to stop it early. But they can't, we already marches to our first decade already. And now they started to realize that they really have to accept it. As the saying goes, "if you can't beat them, join them". Maybe that's what they are feeling right now, banking systems, financial watchdogs and countries themselves.

[QuimteLady]

With so many billions of dollars that big names on Wall Street have invested in infrastructure projects in the cryptocurrency market, I don't think Bitcoin is a fad, Bitcoin is the future and banks are the past.

[cabron]

Yes its here to stay and although many of us are going to say they are late in going all in to BTC, its here to stay still.

Its for the the people and thats why for some of us, its not just a tool for financial freedom. Its a tool to fight back opressing governments. A tool for olygarchs to stay hidden. A tool to circumvent sanctions.   A tool for prostitutes to get a way from thier handlers taking their money.  A tool for a wife who want to be free from his abusive husband and etc.

[tranthidung]

It is never to late to get in. It is just whether you are able to hold your Bitcoin tightly after you getting in. It is very difficult challenge to do. Many adopters get in Bitcoin in 2009, 2010, 2013, 2017 but very few of them are able to hold and sell it at price x5 or x10 their entry price. Now they regret about it, why did they sell their Bitcoin too cheap?

According to Controlled supply of Bitcoin, you still have lot of opportunities with a next few halvings to get in. If you sell your Bitcoin, let's assign 10% of it for next 20 or 30 years. You won't lose your capital by the 10% allocation for future.

[lionheart78]

I think Bitcoin is already deeply rooted in the world's economy.  Removing it will cause billions of losses to people.  Bitcoin in its decentralized blockchain had been a revolutionary creation that I believe will stay.  And the technology behind bitcoin, the blockchain technology has already influenced major financial institutions.  These financial institutions try to mimic the technology behind Bitcoin but with centralization which the majority of us hate.

It is never to late to get in. It is just whether you are able to hold your Bitcoin tightly after you getting in. It is very difficult challenge to do. Many adopters get in Bitcoin in 2009, 2010, 2013, 2017 but very few of them are able to hold and sell it at price x5 or x10 their entry price. Now they regret about it, why did they sell their Bitcoin too cheap?

According to Controlled supply of Bitcoin, you still have lot of opportunities with a next few halvings to get in. If you sell your Bitcoin, let's assign 10% of it for next 20 or 30 years. You won't lose your capital by the 10% allocation for future.

It has been proven that the Bitcoin price surges every halving so yeah it isn't late to join the wagon during this Bear Market where Bitcoin is at a greatly discounted price.

[Davidvictorson]

If the internet faced challenges in its early days but today, it's a success, give your reason why you think bitcoin can not succeed even far better than the internet.
Put your comments down below. Let's discuss.

In 2017, the CEO of JPMorgan, Jamie Dimon called Bitcoin a fraud. According to him “It’s just not a real thing, eventually it will be closed,". And he went further to say that, he’d “fire in a second” any JPMorgan trader who was trading bitcoin, noting two reasons: “It’s against our rules and they are stupid.”¹ But fast forward to 4 years after, JPMorgan is quietly offering 6 crypto investments funds to clients.² And no employee as fired.

I could understand why people at the beginning called Bitcoin a fad. They hadn't seen any investment so good that it could give you a 300% ROI and that was very volatile. Like you could lose the 300% profit in a heartbeat. However, Bitcoin is the first of the cryptocurrency. It already has the credibility. And right now it has gained so much prominence that it cannot be ignored or overlooked.

1. https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html
2. https://news.bitcoin.com/jpmorgan-quietly-offers-6-crypto-investments-despite-ceo-jamie-dimons-anti-bitcoin-stance/

[Trapezium]

Many people thought about bitcoin like this, but we all know the truth when the price of the bitcoin reached upto $54 K.

[saxydev]

Not exactly on topic but I can say I got in crypto in 2013 because of Paypal denying or blocking my accounts with legit e-commerce earnings. When I saw that on bitcoin there are not so many rules and everything can be so smoothly I loved it from the first moment.

[Stacaato]

Many people have raised their voices and turned against bitcoin, I suppose this was a natural instinct to reject change.
However, being a bitcoin holder, I cannot describe how glad I feel to say that the asset I trusted the most, is here to stay and has proved its worth time and again.
Bitcoin represents a technical breakthrough. Bitcoin is the first successful cryptocurrency implementation based on Blockchain technology. It has succeeded where many others have failed. Bitcoin is built on a Blockchain that is completely decentralised, permissionless, and trustless.

[Poker Player]

I also think it's here to stay, but playing devil's advocate, there are also many fads that were once fashionable and then disappeared.

In the case of Bitcoin, it will stay but another thing to think about is whether the high expectations about it are going to be fulfilled or are going to be greatly reduced. I am referring mainly to two things: the price and the use without kyc.

[wilkine]

They'll lose a bit more, but they’ll also gain more,
which shows that these are already being integrated into the financial system.

[asimi.io]

 Bitcoin is the forex of the humans, created by way of an individual and serving the people and additionally the people and in control of their personal budget.