Remember

[Pi-network314159]

That's true, I'm still trying to be cautious. I have a lot of faith in Bitcoin, but I still understand that it's not 100% safe. But a lot of influencers are pushing that idea.

Yes you are right , despite we believe in bitcoin %100 doesn't guarantee that bitcoin is the most safest asset. It is said that Bitcoin may even fall to zero since it is not controlled by any centralised authority. Bitcoin is controlled by individuals in the node network meaning it is a musticomplex system where the transaction of buying and selling determines the growth of bitcoin. The price is not only affected by buy and sell but also by rumours in the market, also crypto expert promoting shitcoin also distract people from investing in bitcoin. But these thing will still give rise to more people coming into the crypto space and they will know about bitcoin and invest in it. Bitcoin is just like a tiled road that people always walk though each day definitely the chance of falling to zero may be hard.

[Z-tight]

It is said that Bitcoin may even fall to zero since it is not controlled by any centralised authority. Bitcoin is controlled by individuals in the node network meaning it is a musticomplex system where the transaction of buying and selling determines the growth of bitcoin.

How many centralized and custodial services have failed, yeah, countless. Ftx was controlled by a central authority and what happened, it was run to zero, to bankruptcy. BTC isn't going to collapse because it isn't controlled by a central authority.

Take note that there is nothing like the 'node network', any user in the BTC network can run their own BTC node, it is not made specially for any group of people, you can run your own full node and contribute to the network, and you don't control it by running a node.

[SamReomo]

Bitcoin's two decades aren't completed yet and still it got some good growth within short time. As compared to other assets Bitcoin has show impressive growth and it will continue to grow no matter what.

I know it's still not possible to accurately predict the future of Bitcoin but from its recent performance most people are convinced now that Bitcoin can grow big in future.

Although, most of us are convinced that Bitcoin is a stable and a growing asset but none of us should be 100% sure that it won't fail. It's the community that can keep it alive and allow it to grow.

[Fiatless]

It is said that Bitcoin may even fall to zero since it is not controlled by any centralised authority. Bitcoin is controlled by individuals in the node network meaning it is a musticomplex system where the transaction of buying and selling determines the growth of bitcoin.

How many centralized and custodial services have failed, yeah, countless. Ftx was controlled by a central authority and what happened, it was run to zero, to bankruptcy. BTC isn't going to collapse because it isn't controlled by a central authority.

It is even easier for centralized services to collapse because they are controlled a single person or just a few people. Sam Bankman-Fried mismanaged FTX funds by spending it on personal luxurious and political donations. It was possible because he controlled almost all the company's finances. But the Bitcoin network is highly decentralized.

Bitcoin's two decades aren't completed yet and still it got some good growth within short time. As compared to other assets Bitcoin has show impressive growth and it will continue to grow no matter what.

I know it's still not possible to accurately predict the future of Bitcoin but from its recent performance most people are convinced now that Bitcoin can grow big in future.

Although, most of us are convinced that Bitcoin is a stable and a growing asset but none of us should be 100% sure that it won't fail. It's the community that can keep it alive and allow it to grow.

Nothing is certain in life this is why everyone involved in Bitcoin shouldn't put all hope on Bitcoin. It is a developing asset hence we should recognize that there is a need for improvement. But I think the main thrust of this thread is to identify how we can support the system because there is a saying that we are all Satoshi. All of us who believe in Bitcoin have some role to play in protecting Bitcoin from attacks. We might not have great influence on how the system is controlled but our little input can make a difference. It could be as simple as keeping our coin in non-custodial wallets, promoting P2P, engaging in Bitcoin awareness, or even advocating for the legalization of Bitcoin in our home country.

[chigo]

With the increasing adoption of bitcoin, governments or institutions that are not happy with the development of bitcoin try to control bitcoin by creating various regulations or competing products that offer more attractive features compared to what bitcoin offers.

That strengthens the reason that there is something that is feared by these people; they are worried that with the increasing development of bitcoin it will make them lose more authority over many people's transactions and reduce users of their banking products.

This is a reason that strengthens that as bitcoin users, each individual needs to maintain the existence of bitcoin, and is responsible for protecting it. This decentralized network gives us freedom in transacting and as users we need to step up and do what we can to protect bitcoin from outside intervention.

[Kakmakr]

Well, if people stop running full nodes, then the experiment will fail.... and it's success is also dependant on people using it.

We know that the Block reward are Halved and that it will not be enough to incentivize miners to continue mining in the coming years, so Miners fees will be very important in the future and that is why transactions on the Blockchain are so important, because it generates Miners fees.

[mirakal]

Bitcoin looks so promising but does not guarantee a long-lasting opportunity that makes some people go crazy. But I won't say we should not invest and take this opportunity instead, let us just do it for now while it is still profitable rather than regrets.

Just to convince us that bitcoin remains risky despite the good things that happen as we can't simply ignore the fact that at any time, we may lose them all.
Maybe I'm wrong but I think we don't need to see the price of bitcoin at the highest level/level to say that it is strong. I think it is more believable to see it more sustainable when the price is cheap because all of us can afford to have it unlike when it is too expensive that only rich people can just enjoy it.

[Alpha Marine]

Too bad that the most threat in Bitcoin market is centralized exchange since most people hold their coins on there, even though we've pointed out there are so many hack and bankrupt cases, they didn't listen to us because they believe Binance is safe, has SAFU, they don't have to pay transaction fees and they can make money by stake their coins.

Centralised exchange is a threat to people who use them, but I don't think it's a threat to Bitcoin. If every centralised exchange crashed today, bitcoin would still be here, the price might take a massive hit, but it would survive. Secondly as ironic as it sounds, the exchanges don't want anything bad to happen to Bitcoin, they might be nearly worthless without Bitcoin.

I believe one major threat to Bitcoin is the government of various countries. We may not admit it but they joke so much power. If they decide to cramp down on Bitcoin a whole lot more or ban it completely, it's going to be a problem to have Bitcoin if having Bitcoin is illegal.

Another threat to Bitcoin is NFTs in Bitcoin Blockchain. It makes the network congested and increases the network fees and also makes confirmation take more time you're ready to pay a ridiculous amount and sometimes you might even pay very high and still wait hours for your transaction to be confirmed.
Generally, high network fees are a problem toforitcoin, but that wouldn't happen often if not for ordinals in the Blockchain.
When people can't get transaction confirmation in 10 minutes with very low fees, it discourages adoption.
To me, these are the biggest threats to Bitcoin.  

[SamReomo]

It could be as simple as keeping our coin in non-custodial wallets, promoting P2P, engaging in Bitcoin awareness, or even advocating for the legalization of Bitcoin in our home country.

Yes, even by doing the things that you mentioned we can support Bitcoin. I believe the best step one can do to help Bitcoin is by promoting the use of non-custodial personal wallets as such type of wallets can help investors from unwanted attackers.

Another thing I like about those mentioned things is the effort we could make to legalize Bitcoin in our countries. It's not an easy task to convince a government to legalize Bitcoin but with right steps things can be good.

[Assface16678]

Bitcoin looks so promising but does not guarantee a long-lasting opportunity that makes some people go crazy. But I won't say we should not invest and take this opportunity instead, let us just do it for now while it is still profitable rather than regrets.

Just to convince us that bitcoin remains risky despite the good things that happen as we can't simply ignore the fact that at any time, we may lose them all.
Maybe I'm wrong but I think we don't need to see the price of bitcoin at the highest level/level to say that it is strong. I think it is more believable to see it more sustainable when the price is cheap because all of us can afford to have it unlike when it is too expensive that only rich people can just enjoy it.

Many people from the past also said that, I mean those people or investors that is not believing in bitcoin to acquire a huge amount of price and no one expect in the past that it could break it own ATH, I get many people are still reluctant and cautious in bitcoin and its normal we cant control that, I also consider that there might be s possibility that bitcoin could not last long as we though, but that is the dream of many bitcoin investors to make and witness bitcoin to become more powerful to the point that it could be legalized all over the world. Anyway if we cant expect that bitcoin will exist and remain strong forever then lets just take advantage this moment or while its still around to earn more money, simply taking and accepting all the blessings that bitcoin could give, thats the best thing we could do while its still around.

[Furious 7]

Actually in this case what I can feel is that in the end bitcoin does have very good progress and prospects for the future but the problem about guaranteed success when referring to bitcoin is that it can still happen but for us as people who are in bitcoin it depends on ourselves.

Success has a lot of meaning and perception depending on what we use the word for but on the other hand bitcoin is clearly not an easy thing because even though bitcoin is a good aspect and can guarantee us for the future but that does not mean we are 100 percent guaranteed to be comfortable because for this success or not is determined by ourselves so it is clear that this is a little difficult if we are 100 percent sure in bitcoin that this will be a stepping stone for us to become someone who is successful because indeed this is still a fifty-fifty depending on us who run it.

[Katherine_Alicia]

There are some of us that mine at a loss and will continue to do so regardless, and for no other reason than we love what Bitcoin stands for!
We know that each block found is another stab at the heart of central banks and this corrupt fiat system.

[GbitG]

Bitcoin looks so promising but does not guarantee a long-lasting opportunity that makes some people go crazy. But I won't say we should not invest and take this opportunity instead, let us just do it for now while it is still profitable rather than regrets.

What makes you think or say so? The whole world today thinks that Bitcoin is a great asset for future investments, most are also considering it for their retirement or early retirement because they feel it has the potential to provide them great profits in the distant future if they save their money in it at present.

I know that many of us only look at the smaller picture and think only about the present or the near future, but looking at a wider picture, Bitcoin can reach great heights. Imagine, if it could reach this far only within 15 years or so, where would it be in a few decades?

We might not be alive to see it, but Bitcoin will surely touch great heights in the distant future.