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.

[Gladitorcomeback]

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.

When I hear about these things, I remember the time when mainstream media was completely against Bitcoin and they were always doing their best to try and show Bitcoin in a negative light, calling it a scam coin, a currency used by criminals to fund their crimes, a bubble, and a lot of different things only to make people think that Bitcoin is something very bad, and to be honest, the mainstream media is still not very much in its favor and you will often find them saying negative things about it.

However, none of their tactics worked backed then and the same will happen to those who are trying to say negative things and spread negativity about Bitcoin, it won't affect the popularity or adoption level of Bitcoin but they will only regret doing this in the future instead of becoming a part of it.

[Franctoshi]

    Bitcoin is recorded as the first and most well known crypto currency in the world.not disputing the fact that there have been so many controversies surrounding it,it is still believed that Bitcoin will always survive and continue to be a leading form of digital currency cutting across the World globally.
   Although there are certain risk factors involved with Bitcoin but it's not been limited by that and most likely will tend to survive and thrive in the future,moreso reasons why Bitcoin will likely survive are thus;

1. Decentralized Nature
2. Security
3. Limited supply
4. Potential adoption.

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.
     In conclusion since Bitcoin has survived such attacks from government ,hacks,criticisers, scammers,covid, insurgency etc.bitcoin will still survive in the years to come even if the World war begins and it will do so due to its decentralized Nature,technological advancement and lots more and thus skyrocket to being the leading digital currency.

There will be no success without trials along the road ,and after scaling through all these obstacles and you succeed at last, this is where the joy comes in, Bitcoin is a believe system that works, in as much as people will continue believe and have trust in the system, it will survive any threat by a group of people or Government, reason being that Bitcoin is truly decentralised and can't be controlled even by any individual or any government entity.

[justdimin]

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.

The technical detail is that if there is no electricity where you are, then that means YOU cannot use bitcoin, but bitcoin would be out there somewhere as long as there is even one computer that is running the blockchain, which is of course not a priority at this point because if there is only one that is left then we are talking about something that would take some time and we should consider the situation as definitely something that will take some time, and that is why we are going to end up with getting a lot better results if the world isn't in that situation.

Obviously we are going to see the improvements and that is why I think it is a lot smarter if we could just focus on how to make money with realistic future in mind.

[Nothingtodo]

No one can give a sure guarantee that Bitcoin will survive in the future, but the adoption of Bitcoin will only keep Bitcoin as the most popular coin in the world in the future. Moreover, due to the decentralized nature and limited supply of Bitcoin, there is no control by third parties, meaning there is no opportunity to increase the supply. Since there is no scope to increase supply and decentralization it has no control over third parties so it has no possibility of inflation in future. So I see a high probability of Bitcoin tickets in the near future.

[Bryan jessy]

Keeping the technical aspects aside in layman's terms I would say it has survived for over a decade and faced all sort of challenges from being threatened to be banned to being called scam and being targeted as a medium of terror funding but it has survived of of these accusations and sabotage that's itself is enough for us to understand Bitcoin is not a bubble or weak asset and it would continue to sustain.

Research have it that Bitcoin has been in existence for decades, and it never ceased  regarding the challenges so we can not really predict the outcome in the near future. Though Bitcoin has helped a lot of people out there, and have contributed in one way or the other it has save lives as well, we just hope it should not be corrupted someday as many has been working on that. I pray they never succeed with that plan.

[Barikui1]

Despite the positive and a lot of negative events that had happened in the past years, Bitcoin is still alive and kicking. Based on the chart above, you can clearly see that it is very bullish and just waiting for us to fill in our bags so we won't miss the next ATH. Aside from being the pioneering decentralized digital currency, Bitcoin is also a future proof currency and investment asset. Achieving financial freedom through it is just a bonus or perk for being part of it's existence as long as someone is able to get even some portion of it on their wallets.

Yea, you are f**king dam right bro, Bitcoin will always survive, because it has proven over and over again that it's here to stay, just as the chart above illustrated, it shows that is actually getting better as The years goes by, so in other words, it's just like a fine 🍷 wine that gets better with age.

Another thing that makes Bitcoin very much special too me is it decentralized nature, to me, the privacy is priceless, though most government of some states sees it as a threat, due to the fact that they can't be in control, but the truth is that Bitcoin is here to stay, because it's the future of money.

Lastly, those set's of people fighting Bitcoin, thinking they can put it down, they actually knows that it's impossible to do so at this stage, so what they are doing now is that they are just discrediting it publicly, just to slow it adoption process, but I believe that in due time, everyone, including the haters will accept it, even though it's not their will.

[EarnOnVictor]

In conclusion since Bitcoin has survived such attacks from government

You are very wrong that Bitcoin has survived the attack from the government, if the government attacked Bitcoin, it would have been a different story today. I can assure you that if the world government attacks Bitcoin today, it will not survive and even all the decentralised mechanisms around it and sites/platforms related to it will all be pulled down. This is because there will be a total clampdown on it (Bitcoin) and all the businesses around it including exchange.

You can imagine how huge the panic selling of Bitcoin would be by then, and it will get to the level that you will not be able to sell your Bitcoins again because no one will be willing to buy it from you. It is not until this time that you can say "the government has attacked Bitcoin." Restricting, banning and finding ways to regular Bitcoin transactions for the sanity of the world is not an attack, only that you guys are not appreciative of what the government is doing, particularly for not clamping down on Bitcoin.

[kro55]

In conclusion since Bitcoin has survived such attacks from government

You are very wrong that Bitcoin has survived the attack from the government, if the government attacked Bitcoin, it would have been a different story today. I can assure you that if the world government attacks Bitcoin today, it will not survive and even all the decentralised mechanisms around it and sites/platforms related to it will all be pulled down. This is because there will be a total clampdown on it (Bitcoin) and all the businesses around it including exchange.

You can imagine how huge the panic selling of Bitcoin would be by then, and it will get to the level that you will not be able to sell your Bitcoins again because no one will be willing to buy it from you. It is not until this time that you can say "the government has attacked Bitcoin." Restricting, banning and finding ways to regular Bitcoin transactions for the sanity of the world is not an attack, only that you guys are not appreciative of what the government is doing, particularly for not clamping down on Bitcoin.

The story is different if we talk about one government or all the governments of the countries combined, because 1 or 2 governments will never be able to stop or destroy bitcoin because bitcoin is decentralized. If a country bans or seeks to eliminate bitcoin, miners will move to another country, like the Chinese government did with bitcoin, but things will become serious if governments join forces and attack bitcoin then surely bitcoin will be difficult to survive.

But I somewhat agree with you that many people are underestimating the power of government, if our government bans bitcoin then we will see how difficult it will be to use bitcoin. Many people do not see the power of the government because they come from countries that do not ban bitcoin, if someone is living in a country that bans bitcoin, they will feel the power of the government.