How Bitcoin manage to grow over time?

[fauzan Ichsan]

This is where most people are really getting wrong and thus use the mentality of fiat currency to use on Bitcoin without paying much attention to the differences and taking a look at previous performance , where the price started,  where it's today and where it's going to be in the future , hence pay attention to the short term volatility without looking at the long run. To actually get it right the 4 years simple moving average would be nice to measure Bitcoin.
 Bitcoin is the Gold of the 21st century in terms of performance.

but on the way bitcoin encountered many obstacles, especially with government regulations. but that is precisely what makes bitcoin more well known, because it went through a conflict and precisely because of the pros and cons of this bitcoin experienced a fantastic increase and finally many people wanted to know about it and study it so that they joined and had a massive impact on its development

[pawanjain]

In the given list the most important factors that I consider as a threat to bitcoin are the cost of production and regulation.
I wouldn't say media coverage because in this world of internet almost everyone is socially connected and the news are spread instantly across the globe.
Whether it be a positive or negative news the coverage is across the globe.
On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.

[justdimin]

In the given list the most important factors that I consider as a threat to bitcoin are the cost of production and regulation.
I wouldn't say media coverage because in this world of internet almost everyone is socially connected and the news are spread instantly across the globe.
Whether it be a positive or negative news the coverage is across the globe.
On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.

Regulation is not really a threat to bitcoin. Regulation is not put to bitcoin itself, it's always put to you, the user. Which means that whenever it's put somewhere, the other place doesn't have it. So, let's say they ban mining in Europe, it's still allowed in Asia or USA for example. This is why it's decentralized and why it's liked, because you can't ban everything all at once all around the world here.

FED goes out and says they increase the rate, and suddenly the dollar value increases all over the world, all due to one government organization said something. Bitcoin doesn't have that, no matter what one nation does, the other doesn't have that and that's how it works so well for us.

[ChrisPop]

On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.

I don't doubt that cost of production is a factor that influences the actions of market participants (miners especially). Logically when the cost of production grows and the price of Bitcoin drops or remains stable they will increase the amount of BTC they sell to cover their operational expenses. However, because due to the limited nature of the supply the miners' impact on the market will likely drop as institutional adoption increases.

[EdenHazard]

On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.

I don't doubt that cost of production is a factor that influences the actions of market participants (miners especially). Logically when the cost of production grows and the price of Bitcoin drops or remains stable they will increase the amount of BTC they sell to cover their operational expenses. However, because due to the limited nature of the supply the miners' impact on the market will likely drop as institutional adoption increases.

I can assume your statement as my experience exactly like that mining on small scale.

It's tough in these bear market...  I just can't imagine those people who doing it in large scale,  your daily weekly and monthly cost getting spike high while you produce a very small amount of bitcoin...  That's a real and tough challenge but yeah that's one of the fundamental of bitcoin growth in price, we are heading to the next halving with a hope to see at least 500% growth!

[Jemzx00]

In the given list the most important factors that I consider as a threat to bitcoin are the cost of production and regulation.
I wouldn't say media coverage because in this world of internet almost everyone is socially connected and the news are spread instantly across the globe.
Whether it be a positive or negative news the coverage is across the globe.
On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.

Regulation is not really a threat to bitcoin. Regulation is not put to bitcoin itself, it's always put to you, the user. Which means that whenever it's put somewhere, the other place doesn't have it. So, let's say they ban mining in Europe, it's still allowed in Asia or USA for example. This is why it's decentralized and why it's liked, because you can't ban everything all at once all around the world here.

FED goes out and says they increase the rate, and suddenly the dollar value increases all over the world, all due to one government organization said something. Bitcoin doesn't have that, no matter what one nation does, the other doesn't have that and that's how it works so well for us.

Regulations does really impact or could be a threat to bitcoin and it's users. Yes, Bitcoin is a decentralized coin however with the multiple banning being made by different countries affects the value of it as it limits the accessibility of it's depending on banning made by a country. What may have been ban on a country could still be done on another country but it creates limitations as cause trouble for it's users.

[2stout]

Bitcoin managed to grow over time because of the belief and evangelism of the community since its inception.  Add in supply and demand, the tech, proven use case, and its value as a medium of exchange as well as a store of value and here we are, looking forward onward.

[Ebede]

Bitcoin is a crypto-currency which grow for itself without anyone support it does not need the government support before it will grow so what therefore I don't think that yes we have to look about how cryptocurrency managed to grow but consider the way of people buying it and selling it because you said elementary way that make me come to grow

[Ryker1]

Bitcoin is a crypto-currency which grow for itself without anyone support it does not need the government support before it will grow so what therefore I don't think that yes we have to look about how cryptocurrency managed to grow but consider the way of people buying it and selling it because you said elementary way that make me come to grow

Well I think you are wrong here, how can bitcoin will survive if there is no community support as we know bitcoin price was based on the demand and supply that make the price of bitcoin fluctuate. Bitcoin grow over time because of us ^[hodler] that keep believing in bitcoin, the more strong hands hold bitcoin it will become very expensive price, so bitcoin actually did not manage on its own, it was because of us who supported bitcoin from the start.

[Osteoid]

Since its inception 12 years ago, the price of Bitcoin has gone through the roof. It has been steadily increasing in price over the long term, compounding at a rate of about 100 to 200 percent per year. If you were one of the first people to invest in Bitcoin, you're likely to have made some serious money.

[TheNineClub]

BTC came at a time when the world was more or less on the tail end of full recovering from the last financial crash, and it was the roaring twenties in some aspects as people tend to look into new investment opportunities after being stingy for a couple of years due to the crash and weren't worried about a new crash, at least not an imminent one. Also, the tech investment concept was still going strong and people tend to latch on to any new tech whatever it might be. Will something like that continue, well, that's a different story.

[romero121]

BTC came at a time when the world was more or less on the tail end of full recovering from the last financial crash, and it was the roaring twenties in some aspects as people tend to look into new investment opportunities after being stingy for a couple of years due to the crash and weren't worried about a new crash, at least not an imminent one. Also, the tech investment concept was still going strong and people tend to latch on to any new tech whatever it might be. Will something like that continue, well, that's a different story.

Entire world was in financial crisis. That too might've triggered Satoshi to innovate blockchain technology. Bitcoin came out soon after the crisis, but the same didn't gained it's market. It made itself strong and some realised the real need and its future. One that is given as giveaway now reached an ath value near to $70k. This shows how high the demand have increased over time.

[justdimin]

BTC came at a time when the world was more or less on the tail end of full recovering from the last financial crash, and it was the roaring twenties in some aspects as people tend to look into new investment opportunities after being stingy for a couple of years due to the crash and weren't worried about a new crash, at least not an imminent one. Also, the tech investment concept was still going strong and people tend to latch on to any new tech whatever it might be. Will something like that continue, well, that's a different story.

Entire world was in financial crisis. That too might've triggered Satoshi to innovate blockchain technology. Bitcoin came out soon after the crisis, but the same didn't gained it's market. It made itself strong and some realised the real need and its future. One that is given as giveaway now reached an ath value near to $70k. This shows how high the demand have increased over time.

2008 was definitely a reason to create it, but satoshi worked on this for many years before he invented it, that's important. Not like dude just saw the crisis and whipped out some amazing tech right afterwards, that would be impossible.

So, he probably worked on it way before crisis ever happened. Of course, people have been trying to build something like bitcoin for over 2 decades now, this wasn't even the first, so the timing was perfect. He researched previous failed ones, and he improved it and then published it on a period of crisis, all coming together to have a great start. Then we took over from there and made it into one of the biggest investments in the world.

[Furious 7]

but on the way bitcoin encountered many obstacles, especially with government regulations. but that is precisely what makes bitcoin more well known, because it went through a conflict and precisely because of the pros and cons of this bitcoin experienced a fantastic increase and finally many people wanted to know about it and study it so that they joined and had a massive impact on its development

In this case, I will consider it reasonable because the government system is actually very inversely proportional to bitcoin, especially those that put forward the anonymity system and things like this will certainly create various kinds of speculation about the pros and cons there, but I think this is a good thing because it is getting crowded. the more people talk about it, the more people know, and the more people know, the more people realize that bitcoin is not as bad as people say out there.

[GeorgeJohn]

Bitcoin is a digital currency which nobody can determine its regulation and its achievements. Bitcoin value cameras or accelerate to any value it won't because of the demand and the supply that involved in the market. That is why I always emphasize that nobody should you discourage any investor or anyone who want to buy cryptocurrency during the beer market and also the bullish market. The rising of Bitcoin happen suddenly and it fails some people's prediction. Which I know that bitcoin will rise within the space of it determination

[qwertyup23]

The news does well to draw in new people every time we're near a block halving (either by people getting excited about the halving or because the price has grown well).

A lot of returners probably sit on the sidelines to watch, wait and probably buy and hold a bit. With each halving comes new news about the inflation in bitcoin being reduced and by the next halving it'll be lower than most if not all fiat currencies.

I definitely agree with your statement.

With the popularity of cryptocurrencies attracting more and more people investing, the supply and demand primarily dictates its price on the market. When BTC halving occurs, the denomination of it being distributed is lower allowing its price to further increase in the market. As far as I know, the next halving will happen this 2024, which somehow implies that its price may skyrocket once again.

[Mahanton]

The news does well to draw in new people every time we're near a block halving (either by people getting excited about the halving or because the price has grown well).

A lot of returners probably sit on the sidelines to watch, wait and probably buy and hold a bit. With each halving comes new news about the inflation in bitcoin being reduced and by the next halving it'll be lower than most if not all fiat currencies.

I definitely agree with your statement.

With the popularity of cryptocurrencies attracting more and more people investing, the supply and demand primarily dictates its price on the market. When BTC halving occurs, the denomination of it being distributed is lower allowing its price to further increase in the market. As far as I know, the next halving will happen this 2024, which somehow implies that its price may skyrocket once again.

Halving event doesnt ensure or guarantees that the market would be rising after than because if we do make out some comparison or on things that happened in the past specially on halving event it didnt really make out
some effect immediately but theres a time that after that even where prices tends to increase even further and the best is that it do able to reach new all time heights which is really great.
If we do speak about growing over time then this would really be just a simple economic subject type of question which would mainly involved supply and demand thing.
So as long there's a demand and support for BTC then expect that its potential could always be there and price does have high chances that would really be more in the future.

[AmoreJaz]

BTC came at a time when the world was more or less on the tail end of full recovering from the last financial crash, and it was the roaring twenties in some aspects as people tend to look into new investment opportunities after being stingy for a couple of years due to the crash and weren't worried about a new crash, at least not an imminent one. Also, the tech investment concept was still going strong and people tend to latch on to any new tech whatever it might be. Will something like that continue, well, that's a different story.

the continuity and longevity of this market really depends on people and the developments that will come about. if they see that this market is helping them, they will continue to support this market. as we can see, more and more individuals or stakeholders are still trying to get involve in this market because of the hope that this technology is still in the early stage and in the future, it will be more valuable, thus, potentially earning good profit if they will join this market.
but just like any other technology, we also need to prepare about its epilogue...

[romero121]

The growth is achieved through different levels of people's usage starting from the bottom. In the beginning people didn't had positive thoughts about cryptocurrencies, later they've well understood about it. The next level of growth is through the instructions investment and the different service providers acceptance of bitcoin into the business.

Recently leading Bank in Eurozone, BNP Paribas have announced it is going to have space for custodian service for Bitcoin and other digital assets. This kind of moves give confidence and trust over the market as people have fear on the market for the high risk out of the volatility.

[Iranus]

In the given list the most important factors that I consider as a threat to bitcoin are the cost of production and regulation.
I wouldn't say media coverage because in this world of internet almost everyone is socially connected and the news are spread instantly across the globe.
Whether it be a positive or negative news the coverage is across the globe.
On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.

In my opinion, the government is the biggest threat to bitcoin's growth, if all governments regulate or ban it, then bitcoin's growth and popularity will be hampered. The government is a significant influence on many people's thoughts, if they declare bitcoin as a valuable asset, people will definitely rush to buy bitcoin but if it is declared illegal, people will surely take precautions and don't use bitcoin even just to try.