No Alternative to Bitcoin, Your Alternative is Bitcoin.

[hatshepsut93]

Those are very weak reason for buying Bitcoin, just your typical "good news". Decision to invest or not should be based on strong long term fundamentals. If you believe that Bitcoin will be more popular, that more people will use it, that people who already use will use it more often, then you should buy it. If you aren't sure about it, than do more research. Because what you are describing is just an impulse buy based on weak news.

[1715033790]

1715033790

[bittraffic]

They are still reasons to buy BTC now and keep it for a long time because of the news and adoption of BTC. Bank of America, UK officials, and institutions adopting BTC are always a positive reference to jump on the bandwagon.

BTC though is not just the alternative, there are more down the rank. Holding them while they are cheap is still a great alternative, you never know what crazy development the altcoins could have in the future.

[crwth]

I think as long as you are trying to HODL more BTC, it would be okay since it is the current alternative with the situation that we have now. The fiat money supply is getting overloaded and we really need that scarcity in order to have more value with our money or else it will just depreciate and wouldn't help us at all in the future. It will just incur losses.

[worle1bm]

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

If your investment decision are influenced by anyone else then you should not make any investment at all because you don't want to make your way and just put your savings based on someone else influence and this is how whales and influential people take advantage of these people to manipulate them and make them beleive btc is going to zero and all that nonsense things.But they need to realise that it has lot of potential to grow and give returns to them even if they don't understand the charts holding will pay them off in the long run.

[KingsDen]

That is correct. They tend to judge something new with negative thoughts and do not see it as a new way that will change their lives. If they hear bitcoin news, they should look for news relevant to bitcoin so they can get the truth.

It just requires more research on the subject and if bitcoin is going to give them something better, they shouldn't be shutting down but can be looking for more info instead.

Human being has this reluctance to adopt new ideas and new technology especially when they are not part of the team or the community that introduced the change.
In the case of Bitcoin,  many people who predicted that bitcoin will fail before by now don't want to hide in shame rather they are fighting and insuring that bitcoin still  fail according to their predictions years ago.

Even within the Bitcoiners, there is always this FUD raised when some of the high investors must have sold at a certain price but bitcoin did not obey them, but continue to go higher they will try to raise information that will create panic to give them another chance to enter the market.
So anyone that understand the fundamentals of Bitcoin will not shake for any reason but will continue to accumulate as much bitcoin as they could

[kryptqnick]

Op mentions the UK and the USA seemingly as examples of adoption, and while it's technically right, I wouldn't say that these countries are fully crypto-friendly. In the US, they're going to research  Bitcoin's environmental impact, and cryptos are assets, so selling them requires paying a sales tax. In the UK, crypto ATMs were deemed illegal by the financial regulator in March of 2022.
Also, while the op says that there's no limitation to widespread Bitcoin adoption, there are limitations, such the Internet access and owning a PC or a smartphone, but also the limit of how many transactions the Bitcoin network can handle.
I am pro-Bitcoin, but let's not sugarcoat the situation.

[BIT-BENDER]

I think if any Bitcoin or Crypto-currency enthusiast has to seek approval from the government before they believe in crypto-currency or Bitcoin then they have a lot to learn. I have this mentality that Crypto-currency is decentralized and I am not compromising those thoughts.

If we are to go by with your three criteria then we should also look into the government that sanctions Crypto-currency and have either bans or restrictions placed on it, I don't think the government would completely support crypto-currency and I am not expecting that.

[Mpamaegbu]

In real life, there's always an alternative to whatever there's. This is why there're always two sides to a coin or when people say everything that has an advantage must also have a disadvantage. Sorry to burst your bubbles OP, there're alternatives to Bitcoin. I ain't even referring to fiat alone here but other cryptos. These other items equip us to be able to peg the value of Bitcoin to something. Without these alternatives Bitcoin wouldn't be with a value. We've to factor in that while hyping Bitcoin.

[dansus021]

but sooner or later the bitcoin will gain its people. we can already see the grow from its creation and the trend is already have significantly increse

[ChiBitCTy]

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

This is exactly right.  The absolute vast majority, probably somewhere around 95% of people who say this, don't understand cryptography, don't understand tokens/coins/blockchains/hash rates etc etc etc.  Look at how many followers Roger Ver and Craig Wright have, both a joke, but full of shit, both pushing utter bull shit agendas yet have a very sizable community.  This is all the proof you need to see how dumb people are and why there are as many as there are that believe in alternative bs.  I mean look at how many people who thought bitconnect was actually legit lol.

[ethereumhunter]

That is correct. They tend to judge something new with negative thoughts and do not see it as a new way that will change their lives. If they hear bitcoin news, they should look for news relevant to bitcoin so they can get the truth.

It just requires more research on the subject and if bitcoin is going to give them something better, they shouldn't be shutting down but can be looking for more info instead.

Human being has this reluctance to adopt new ideas and new technology especially when they are not part of the team or the community that introduced the change.
In the case of Bitcoin,  many people who predicted that bitcoin will fail before by now don't want to hide in shame rather they are fighting and insuring that bitcoin still  fail according to their predictions years ago.

Even within the Bitcoiners, there is always this FUD raised when some of the high investors must have sold at a certain price but bitcoin did not obey them, but continue to go higher they will try to raise information that will create panic to give them another chance to enter the market.
So anyone that understand the fundamentals of Bitcoin will not shake for any reason but will continue to accumulate as much bitcoin as they could

Most people will not easily accept something new and it may take longer to accept it as a new way of life. It's just about how they can open up when they see something new introduced and try to find out more. If something new is better for them, they can move on; if not, they don't have to use it.

And regarding bitcoin, it's natural that many of them say that bitcoin will fail. Bitcoin is not suitable for real life and others because maybe they haven't seen the potential that bitcoin can provide. And that makes them tend to ignore the existence of bitcoin until the bitcoin price can hit $20k and only then do they realize it and want to get deeper into bitcoin.

[cheezcarls]

No matter how many FUDs are there after every good or positive news, Bitcoin is here to stay for a very long time. 12 years and counting and it's still very young as there are still many people around the world who aren't aware about Bitcoin or just simply being bombarded by fake news, ponzi schemes, etc.

We just have to keep educating the uninformed and misinformed. Continuous and consistent awareness and adoption is all we need. Just like what Captain America of the Avengers Endgame said, "Whatever it takes".

[Nrcewker]

No need of such a long definition in order to make someone understand how important Bitcoins are . You can simply quote him the awesome features and freedom he can get if he/she uses Bitcoins. Unlike banks, Bitcoins doesn’t restrict complete access of the money, also due to the decentralised nature of Bitcoins, you can always stay anonymous and you need not have to pay unnecessary taxes. Right now Bitcoins are at a great price to be bought. So without any further delay buy as many Bitcoins as you can before the price boosts up.

[hd49728]

You will only get to consider bitcoin and start valuing it once you know it deeply and experience it as the best form of investment and as a reliable currency.

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Others might stuck believing that bitcoin is a scam because the government and media told them so. But if you go beyond their limits and have your own thorough  research, you will realize that bitcoin is legit and will always grant us the freedom we need through its decentralized nature.

Governments try to shill misleading messages with hope to prevent as many people to access legit information about Bitcoin as possible.

They don't want and will never direct their citizens to good resources for learning about Bitcoin. They know if they do it, more citizens will change from fiat currencies to Bitcoin. Even their CBDCs can not save them and can not outperform Bitcoin in general, from technology to decentralization.

[Artem Sereda]

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

If your investment decision are influenced by anyone else then you should not make any investment at all because you don't want to make your way and just put your savings based on someone else influence and this is how whales and influential people take advantage of these people to manipulate them and make them beleive btc is going to zero and all that nonsense things.But they need to realise that it has lot of potential to grow and give returns to them even if they don't understand the charts holding will pay them off in the long run.

I don't think he meant investing. He just described the current trend and how the bear market affects how he earns in crypto. As for me, bitcoin should not be considered an investment at all. It is an excellent technological solution in the field of digital payment, with a specific rate, which, due to its volatility, allows you to buy more at one time for one unit of currency, and your task is to understand when the most favorable moment for profit is.

[Mpamaegbu]

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Nothing is ever for everyone, no matter what, and Bitcoin isn't an exception no matter how we want to push it into mass acceptance. If just 10% of the world population embraces Bitcoin it's still a huge plus. Like you indicated in your second sentence, we don't have to coerce anyone into it. That's why my earlier post negates the idea of Bitcoin being the only option. There are several alternatives in every industry and in life too.

[Hamza2424]

Yes, this point is appreciated on the social level, as what you think about it what can be the alternative to bitcoin so in this point my and maximum crypto student's answer is going to be nothing. and bitcoin is my alternative yes it is as I can send money to my dear ones across the country I don't need banks I don't need background statements, I don't need to share my fund's details, don't need to follow any limits also I don't need to be the part of central bodies and most importantly my fees are going to highly reduced I am free to send my assets anywhere any time and they are in my custody.

[Fivestar4everMVP]

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

Yeah, it is easier for people to believe in a negative part of a thing than it is to believe in its positive part.
This is evident in how good and bad news spread, a good news will take alot of time to circulate, and sometimes, it doesn't even get to everyone, but bad news on the other hand, takes but a very little time to reach every in the city, and sometimes, it even travel far beyond that city...

So what am I saying? Most time for a newbie, because he's gonna be parting with his money, it takes alot of effort to convince them to invest in bitcoin, but on the other hand, it take close to no effort at all from a Bitcoin hater for them(the newbie) to believe that Bitcoin isn't ideal, simply because believing this helps them keep their money in their pocket, and remember the saying that "a bird at hand, is worth the other millions of birds that are in the bush".
This is the kind of syndrome most newbies are suffering from, it takes a great deal of effort to convince most of them that bitcoin is the best place to invest in right now.

[nullama]

Yes, this point is appreciated on the social level, as what you think about it what can be the alternative to bitcoin so in this point my and maximum crypto student's answer is going to be nothing. and bitcoin is my alternative yes it is as I can send money to my dear ones across the country I don't need banks I don't need background statements, I don't need to share my fund's details, don't need to follow any limits also I don't need to be the part of central bodies and most importantly my fees are going to highly reduced I am free to send my assets anywhere any time and they are in my custody.

Yeah, if you have friends or family in another country, sending and receiving Bitcoin is really easy compared to the alternative, which would mean both people having to have a bank account, plus waiting for days, and paying excessive fees. Also there are some banks that don't even offer the service!

You realize that all those layers of complexity just add money to the pockets of the people in the banking industry.

[Minor Miner]

Yeah, if you have friends or family in another country, sending and receiving Bitcoin is really easy compared to the alternative, which would mean both people having to have a bank account, plus waiting for days, and paying excessive fees.

It is true that bitcoin has an advantage over fiat in this case but just like fiat to transfer money, both require a bank account and so does bitcoin.
If your loved one doesn't have a bitcoin wallet and doesn't know how to use bitcoin, how will you transfer money to them?

Also there are some banks that don't even offer the service!

You realize that all those layers of complexity just add money to the pockets of the people in the banking industry.

Nowadays, I've never seen a bank that doesn't offer cross-border money transfers, most banking systems are interconnected, which not only creates convenience for users, but also benefits them. As well as you mentioned when you use those services you have to pay extra for them which is something that has been perfectly fixed by bitcoin. With bitcoin, we will save time and only cost a single fee.