Bitcoin Will always Survive

[Bitco55]

That's right OP, Bitcoin survived, has been surviving, is surviving, and will still survive in the future. I honestly feel like the advantage Bitcoin has over most or all other cryptocurrencies, is that, apart from the fact that it was created by a very important person, it was created by an anonymous person. It's program can't be changed, fixed, or edited, therefore making it difficult to influence. The only thing that influences it's worth is the investor's investments. The more the investments, the higher it's prices. The lower the trust people have for it, the lower it's price. Bitcoin, can't be changed, making it an alternative, no company or government can take it own it, it's just there. And since that is it's nature, that's one reason I know, it'll always survive.

[Abiky]

IBM mainframes are not obsolete, and they are still a multi-billion dollar business.

They are just no longer the "hottest thing" for most consumers, that's all.

I didn't know that. Please excuse my ignorance, lol. I guess Bitcoin will become the "Linux" of crypto, while the rest will become the "Windows and Mac" of the industry. I'm fine with that as long as Bitcoin stays true to its principles of decentralization and censorship-resistance.

I know most people will prefer altcoins because of their high performance and cost-efficiency. That doesn't mean BTC will lose its market dominance, though. With "Wall Street" in the game, expect Bitcoin to become a "force to reckon with".

Bitcoin will never replace mainstream daily transactions, and it was never meant to. Such a currency would need to scale to levels thousands of times larger than Bitcoin, and the blockchain architecture is intentionally slow by design. The problem it was trying to solve was ""censorship resistance"", not trying to be a common payment method.

Of course not. But what can you say about L2 scaling solutions (particularly, the Lightning Network)? They allow people to use BTC as currency with cheaper fees and faster settlement times. I know it's not perfect (full of bugs). But it gives us hope that someday the masses will use BTC the same way they use Fiat for day-to-day payments. On-chain scaling is not a solution because it increases centralization in the long run (higher bandwidth, and storage costs for nodes). Who knows how Bitcoin will perform in the future?

[legiteum]

Of course not. But what can you say about L2 scaling solutions (particularly, the Lightning Network)? They allow people to use BTC as currency with cheaper fees and faster settlement times. I know it's not perfect (full of bugs). But it gives us hope that someday the masses will use BTC the same way they use Fiat for day-to-day payments. On-chain scaling is not a solution because it increases centralization in the long run (higher bandwidth, and storage costs for nodes). Who knows how Bitcoin will perform in the future?

What is a non-blockchain digital currency like Haypenny currencies if not "an L2 scaling solution"?

In the future, there will be two things:

1. Truly decentralized blockchain-based cryptocurrencies like Bitcoin and just a few others that are safe enough to invest in because they have a very large server pool.

2. Pure digital currencies not based on the blockchain architecture, that are fast, cheap,  and can be used for tiny transactions like that of a vending machine.

For me, there's not really any room for "centralized blockchain" because it makes absolutely no sense.

[davis196]

Decentralized Nature: This means that no single entity such as a government or bank has control over it,and this makes it resistant to corruption or interference by any centralized authorities.

Security: Bitcoin uses cryptography to secure the transactions that happens in the network making it highly resistant to fraud and hacks.

Limited supply:  Bitcoin has a fixed supply of coins of over 21 million that makes it not inflated and scarce like fiat currencies.

Potential adoption:  Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise.

I would be very careful when using the word "always". So you say that Bitcoin and the BTC blockchain could even survive some nuclear Apocalypse and the destruction of planet Earth? Really? I wonder how Bitcoin and the BTC blockchain are going to work when the electricity grids and the internet start shutting down. Maybe OP has a ground breaking idea about how to make the blockchain work without electricity and internet connection.
OP, you are using the term "scarce" is a wrong way. Bitcoin is scarce, not the fiat currencies.

[DeathAngel]

The first block was mined in 2009. Bitcoin has a 15 year record of reliability, security, decentralisation, continued upwards price trajectory. Nothing lasts forever but Bitcoin is not going anywhere any time soon. Every year we are seeing increased adoption, even now by highly reputable institutions. You simply must own at least some Bitcoin.

[lixer]

That's right OP, Bitcoin survived, has been surviving, is surviving, and will still survive in the future. I honestly feel like the advantage Bitcoin has over most or all other cryptocurrencies, is that, apart from the fact that it was created by a very important person, it was created by an anonymous person. It's program can't be changed, fixed, or edited, therefore making it difficult to influence. The only thing that influences it's worth is the investor's investments. The more the investments, the higher it's prices. The lower the trust people have for it, the lower it's price. Bitcoin, can't be changed, making it an alternative, no company or government can take it own it, it's just there. And since that is it's nature, that's one reason I know, it'll always survive.

Yep, you got it right. Bitcoin's decentralized nature and the fact that it provides financial privacy are among the reasons why it has survived and has become more recognized over time. There is no doubt that most people these days are getting into Bitcoin and cryptocurrencies because they know it has a volatile value and that it can provide them profit over their investments, there are some among that crowd who are in it for the advantages it provides over the traditional financial systems.

When I first came to know about Bitcoin, I didn't know what it was except for the fact that it is some sort of digital money that only exists online, later when I started researching and reading about it, I came to know about what it actually is and how amazing of a technology it is. I have been using it since then.

[Abiky]

The first block was mined in 2009. Bitcoin has a 15 year record of reliability, security, decentralisation, continued upwards price trajectory. Nothing lasts forever but Bitcoin is not going anywhere any time soon. Every year we are seeing increased adoption, even now by highly reputable institutions. You simply must own at least some Bitcoin.

Of course not. At least not in the next 10-20 years. I think Bitcoin will last until all coins are mined. That's if developers continue to improve the Blockchain (and it stays decentralized and censorship-resistant).

I'm yet to see if CBDCs will ever become a threat to the very existence of BTC. Governments might go as far as making Bitcoin (and crypto) illegal just to force everyone to use their CBDCs. Just like what China is doing now. I dunno. Maybe I'm thinking too much. Nothing is guaranteed to last forever. So we should enjoy BTC while it lasts.

[BlackBoss_]

Of course not. At least not in the next 10-20 years. I think Bitcoin will last until all coins are mined. That's if developers continue to improve the Blockchain (and it stays decentralized and censorship-resistant).

Decentralized, censorship-resistant are key characteristics to make Bitcoin is unique compares to thousands of altcoin in this cryptocurrency market. Altcoins can be Proof of Stake, Masternodes, Supernodes, Smart contracts, have bigger block sizes, quick confirmation time, and bigger Transactions Per Second (TPS) but they don't have these two important characteristics that only Bitcoin has.

If Bitcoin blockchain and network maintain these important characteristics, it will remain as a most favorite cryptocurrency.

I'm yet to see if CBDCs will ever become a threat to the very existence of BTC. Governments might go as far as making Bitcoin (and crypto) illegal just to force everyone to use their CBDCs. Just like what China is doing now.

CBDCs will not be threats for Bitcoin existence, it will stay with us. The matter is only if its decentralized and censorship-resistant characteristics will remain in future.

[bitterguy28]

for those who says that bitcoin will die or will be gone in time are those who wanted to have a big chance of buying more chunks of bitcoin when the market falls badly and this is their advantages.
bitcoin is here to stay though we do not know how much it will grow in the long years but at least in our lifetime it will stay like what we did in the past 14 years.

Are there still people who do FUD like that? I believe that nowadays people in investment have more open eyes. or people who are aware of technological developments and follow Bitcoin news will not be easily incited by news like that.
except for those who are just starting to enter and those who are still looking for information and happen to meet people who don't like Bitcoin. those who have experienced how Bitcoin grows will not be easily affected by bad news. they know the potential of Bitcoin and that it will continue to grow in the long term in the future.

We have seen different people here in forum , some claims this and some claims that but the reality is that we already knew there is FUD coming from everywhere .
but like what you said, people with knowledge will never fall from this but we also knew that there are  newbies and other investors that does not have deep understanding about the market.

[bubilas]

That's right OP, Bitcoin survived, has been surviving, is surviving, and will still survive in the future. I honestly feel like the advantage Bitcoin has over most or all other cryptocurrencies, is that, apart from the fact that it was created by a very important person, it was created by an anonymous person. It's program can't be changed, fixed, or edited, therefore making it difficult to influence. The only thing that influences it's worth is the investor's investments. The more the investments, the higher it's prices. The lower the trust people have for it, the lower it's price. Bitcoin, can't be changed, making it an alternative, no company or government can take it own it, it's just there. And since that is it's nature, that's one reason I know, it'll always survive.

Yep, you got it right. Bitcoin's decentralized nature and the fact that it provides financial privacy are among the reasons why it has survived and has become more recognized over time. There is no doubt that most people these days are getting into Bitcoin and cryptocurrencies because they know it has a volatile value and that it can provide them profit over their investments, there are some among that crowd who are in it for the advantages it provides over the traditional financial systems.

When I first came to know about Bitcoin, I didn't know what it was except for the fact that it is some sort of digital money that only exists online, later when I started researching and reading about it, I came to know about what it actually is and how amazing of a technology it is. I have been using it since then.

It is very wonderful that cryptocurrencies give us not only money, but are also useful in real life.
When I traveled to countries where card-to-card money transfers are prohibited, I used USDT and LTC to receive and transfer money with my friends.
And I really liked the feeling that this is exactly how the meaning of cryptocurrencies was conceived: this is complete freedom from centralized and stupid laws.

After all, if I earn money myself, then why should I be limited in sending them?
I want to be free in this, and blockchain technology gives me this opportunity. I love the crypto world

[YUriy1991]

It is very wonderful that cryptocurrencies give us not only money, but are also useful in real life.
When I traveled to countries where card-to-card money transfers are prohibited, I used USDT and LTC to receive and transfer money with my friends.
And I really liked the feeling that this is exactly how the meaning of cryptocurrencies was conceived: this is complete freedom from centralized and stupid laws.

After all, if I earn money myself, then why should I be limited in sending them?
I want to be free in this, and blockchain technology gives me this opportunity. I love the crypto world

True story for sure..

Yes. we all want to be free in this too. It's up to the government to decide whether to relax its usage cases with their magical regulations. Of course, we want convenience in everything we have now and in the future.

I am very confident about this blockchain technology, which in the future will become even more real in terms of its use.

[arwin100]

for those who says that bitcoin will die or will be gone in time are those who wanted to have a big chance of buying more chunks of bitcoin when the market falls badly and this is their advantages.
bitcoin is here to stay though we do not know how much it will grow in the long years but at least in our lifetime it will stay like what we did in the past 14 years.

Are there still people who do FUD like that? I believe that nowadays people in investment have more open eyes. or people who are aware of technological developments and follow Bitcoin news will not be easily incited by news like that.
except for those who are just starting to enter and those who are still looking for information and happen to meet people who don't like Bitcoin. those who have experienced how Bitcoin grows will not be easily affected by bad news. they know the potential of Bitcoin and that it will continue to grow in the long term in the future.

We have seen different people here in forum , some claims this and some claims that but the reality is that we already knew there is FUD coming from everywhere .
but like what you said, people with knowledge will never fall from this but we also knew that there are  newbies and other investors that does not have deep understanding about the market.

Lots of people trying to stain up the reputation of bitcoin since they are trying to defame it to promote what they think that can give them more benefit but bitcoin prove them wrong for so many times that all of those negative claims by haters and person who doubt is totally nonsense at all that's why its better to ignore any negative thoughts which is not helping us since they are just a total disturbance which gives us stress. How many times we read about bitcoin is dead in this forum but those words has been many times been shut off especially when we see bitcoin is having another big rallies especially when there's a halving event came or there's good news like adoptions will came.