Bitcoin in the next decade

[Bushdark]

Owing to the current adoption of bitcoin, we can say that majority of investors are not interested in knowing much about what bitcoin really is and why it was created in the first place. Their intentions are only driven by the fact that they can double their investment over a couple of years. Like I've said before in some other similar discussions, we take a look at people buying shares in the ETFs, they don't care if what they own isn't BTC so long they make profits.

The profits is all that counts for now and I can bet you that even after two decades upfront it will be hard before the real idealogy of Satoshi clamp back into view because everyone is just comfortable with just trying to gather as much profits as they can with whatever means through Bitcoin. At some point you begin to wonder, what if all these whales and firm end up gathering all the Bitcoin and then turn the whole process to something else by influencing the flow with their massive Bitcoin asset.

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

[Furious 7]

Owing to the current adoption of bitcoin, we can say that majority of investors are not interested in knowing much about what bitcoin really is and why it was created in the first place. Their intentions are only driven by the fact that they can double their investment over a couple of years. Like I've said before in some other similar discussions, we take a look at people buying shares in the ETFs, they don't care if what they own isn't BTC so long they make profits.

The profits is all that counts for now and I can bet you that even after two decades upfront it will be hard before the real idealogy of Satoshi clamp back into view because everyone is just comfortable with just trying to gather as much profits as they can with whatever means through Bitcoin. At some point you begin to wonder, what if all these whales and firm end up gathering all the Bitcoin and then turn the whole process to something else by influencing the flow with their massive Bitcoin asset.

This kind of thing is inevitable because after all, with all the forms of greed that humans have when there is something profitable for them, everyone will compete to be and collect more and more because in this case the more collection, the greater the wealth and opportunities we will get.

We can see for now there are many maximalists who even collect as much as they can for bitcoin for something that will be profitable in the future.
We will not be able to avoid this even though maybe ideology will continue to exist but things like this will not be able to be controlled and even we can also follow the same flow because imposing with the initial ideology will be considered a disadvantageous situation in terms of profit optimization.

[Hatchy]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

[JayJuanGee]

[edited out]

The possibility of Bitcoin converting to Proof-of-Stake is very low since its whole model of trust and security is based on Proof-of-Work and the community and the miners will forcefully resist any action that compromises the aspect of decentralization. The consensus of Bitcoin itself is not the result that may develop over the next decade, but rather the ecosystem itself. As institutional money, ETFs, and custodial giants begin to have a more significant role, ownership of Bitcoin might become more centralized in the face of a protocol remaining the same. It implies that the following step will be to safeguard the user sovereignty with self-custody and education. Provided that holders keep in mind that the true value of Bitcoin is not only money but also independence in terms of finances, it will be able to expand without losing its initial meaning.

The whole invention and innovation of bitcoin relates to proof of work, and if proof of work were to be removed and/or undermined then bitcoin's paradigm shifting power would be removed, including just turning it into something that is not adding any value.

Going through this thread, we likely could be reminded that there surely are ongoing attempts to undermine bitcoin in a lot of different ways that relate to attempting to control aspects of bitcoin, so then its proof of work could be undermined whether referring to onboarding and offboarding or even mining and/or development.

There are several aspects of bitcoin that have been learned, yet it is still to be figured out how much the various special aspects of bitcoin will be undermined in the coming 10 years or even further into the future that would contribute towards bitcoin losing its powers.. including various ways that bitcoin is coopted and/or the powers that be are working on providing channels to coopt bitcoin in a lot of ways that would end up crossing over jurisdictions in the even that the attack can be spread.. and I am not even claiming to know how many of these matters are going to play out, even though it seems ongoingly good for individuals to support self-custody mechanisms and even transacting outside of third parties (and/or government controlled channels - even though surely government and/or the powers that be are also engaged in efforts to coopt and take over mining and/or development too).

For sure there is nothing special about proof of stake, except maybe providing some mostly centralized ways of experimenting with various kinds of technologies... .or various innovative ways to scam normies with smoke and mirrors nonsense.. and sure some folks might get rich through such scams if they can get themselves close to whatever money printer (or insider knowledge) is contained therein.

[ZAINmalik75]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

Volatility is exactly the reason why Bitcoin has become an investment asset over time even though it wasn't created to become one. Satoshi created Bitcoin to be an alternative payment system between people that will be decentralized, but since it had a limited supply and as soon as people started buying it, its price started appreciating because there weren't enough supply in the market, so when demand started increasing, it's price started going up, and more people noticed that, and then they started investing in it for profits, and the rest is history.

It's also true that Bitcoin's volatility has contributed greatly in its adoption, because if it wasn't volatile and was a stable cryptocurrency from the beginning, the adoption level wouldn't be at such a level, because not this many people would take interest in cryptocurrencies if all of them were stable. It's money and profits that attract most people these days.

[Fuso.hp]

Although the economic conditions of various countries are not that good now, I hope that in the next 10 to 15 years, the economic conditions of various countries will improve a lot and the governments of various countries will accept Bitcoin and by accepting Bitcoin, they will try to strengthen their economic conditions further. Everyone wants to enjoy the benefits of using Bitcoin, but many governments avoid Bitcoin due to many considerations. What we have seen in the Bitcoin market in the last ten years, we will see more in the Bitcoin market in the next 10 years and considering the level of popularity and price now, both the popularity and price of Bitcoin will increase a lot in the next ten years. We will see many more countries in the next ten years that will allow the use of Bitcoin alongside their national currencies and I will wait for that day.

[Churchillvv]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

Most of the people who have not invested in bitcoin because of its volatility while investing in other assets are just merely because they do not agree with concept of bitcoin or are yet to really understand an in depth knowledge of what bitcoin represents, hence they are not willing to give it a chance but however the percentage of people with such mentality are reducing every day as time passes by, some of the concept that has kept people away is a manual or old know of investment, some of the old or advance people where informed during the times of Gold from childhood so if anything is not what they already know it’s difficult to adapt to it hence the people who will still forsake the volatility reason of bitcoin to invest in it will increase by the years. So volatility is not much of a problem but re-educating some people will help a lot.

[JayJuanGee]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

I cannot really disagree with most of your points Hatchy, yet I think that some further elaboration would be helpful since surely bitcoin's ongoing volatility is inevitable in the context of an ongoing battle that has been ongoing and is ongoingly evolving, too.

Sure we have been getting more adoption and acceptance of bitcoin with the passage, yet at the same time, various battles continue in order for the powers that be governments, institutions and/or status quo rich to attempt to co-opt and/or to control bitcoin, yet it still remains unclear the extent that they are going to be successful in those endeavors and/or perhaps to widdle away at attempting to co-opt and/or control bitcoin in various ways.

For sure traders love volatility, yet investors have to figure out ways to adapt their own strategies in order to financially and psychologically account for and to prepare themselves for such ongoing and inevitable volatility... and I am not even claiming to know the short-term direction of the volatility even though surely many of us invest into bitcoin because we consider that inspite of the ongoing volatility that in the longer term, such as 4-10 years or longer, bitcoins price is still going to tend towards (and trend towards) up rather than down or sideways... and yeah, of course, it is not a given that bitcoin is going to trend up, yet many of us invest into bitcoin based on bitcoin's asymmetric bet to the upside which largely means that as long as we do not leverage, the most that we can lose is 100% of our investment, and at the same time, bitcoin has decently good odds of performing at least equal if not better than any other place that we can put our time, value and energies.

Your point about gold can be explained in terms of bitcoin being superior to gold.. perhaps around 1,000x or more superior to gold, yet it likely will take time for the market to reflect bitcoin's quite likely superiority, and surely in recent times, such as the past year or so, gold has been experiencing a lot of upward price momentum, which many of us bitcoiners would likely consider gold's short term performance as a bit of an aberration and even based on wrong information in terms of what gold is as compared with bitcoin, since it can be difficult to know how long various momentum of the market might play out, even with what is likely to be an inferior asset (referring to gold).

It could take 50-200 years for the market to play out in regards to figuring out valuations of gold versus bitcoin and even bitcoin versus various fiats and/or other assets in which monetary value has been stored historically and also in recent times in which the debt fiat systems have seemed to have had gone crazy in a lot of ways (trying to figure out their values when the denominator (the dollar or other fiat is broken and manipulated), in the event that bitcoin does not break or is not broken in the process of these various ongoing battles in which bitcoin is not necessarily considered in friendly terms by various powers that be institutions and people.

[|MINER|]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

Even smart and knowledgeable people about the Bitcoin market use Bitcoin's highly volatile price as an extra powerful opportunity. Many people identify with Bitcoin's bear and bull cycles and as well we also know that in the long term, the price of Bitcoin will definitely increase even beyond the all-time high price of the previous bull season. And that's why invest for the long term, making a kind of sure profit from Bitcoin's highly volatile market, but this list does not include those who only invest when the bull season comes and with the hype until they have strong mind set for long-term holding.
And besides, you have already mentioned the more logical reasons for investing here, but I would like to say extra here, suppose you invest in gold, in this case you will need a lot of legal documentation, as well as extra security arrangements to provide security for gold, which is actually difficult. Personally, for this reason, I myself do not like gold investment much.
And on the other hand, we are in a very convenient position in bitcoin, in addition to investment freedom, as well as management, as here we do not have to take physical measures for security. And at the same time, if we invest in smartway, then bitcoin can bring us more profit. And besides, if we consider the volatile situation in the long term, it is volatile but its price does not fall it's up towards, on the other hand, if we talk about fiat currency, if we hold it for the long term, inflation will gradually reduce the value of our asset.

[Ambatman]

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that,

I Would like to make some corrections. There's always a cost
Many complain about volatility but that's a feature that have drawed alot of people to Bitcoin.

majority would still choose bitcoin over gold why because it offer you full control which gold won't. .

No,  majority still choose Gold because the government said they trust it
And they trust the government
so they trust it. Fiat exist because of the people's faith in the government.

 

People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets

This was the reason I created this thread
People that believe in self custody and some level of privacy are in the minority
They believe if you advocate for privacy you a criminal.
So yes majority invest in Bitcoin because they know it would rise hence why we have weak hands.

[AmoreJaz]

Although the economic conditions of various countries are not that good now, I hope that in the next 10 to 15 years, the economic conditions of various countries will improve a lot and the governments of various countries will accept Bitcoin and by accepting Bitcoin, they will try to strengthen their economic conditions further. Everyone wants to enjoy the benefits of using Bitcoin, but many governments avoid Bitcoin due to many considerations. What we have seen in the Bitcoin market in the last ten years, we will see more in the Bitcoin market in the next 10 years and considering the level of popularity and price now, both the popularity and price of Bitcoin will increase a lot in the next ten years. We will see many more countries in the next ten years that will allow the use of Bitcoin alongside their national currencies and I will wait for that day.

I also believe that we will have more adoption not only with btc but with other top alts as well. We cant deny the fact that we are in the digital age and so a lot of transactions especially in the payment sector will go digital.
Just consider what we have now
> information age/social media
> online payment platforms
> online commerce
> online banking/financial transactions
and so on...so it goes to show that we are indeed in a digital age and so crypto is already part of it. It may evolve but for now, it is continuously gaining massive attention to the larger population because of its advantages.

[rojan]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

Most of the people who have not invested in bitcoin because of its volatility while investing in other assets are just merely because they do not agree with concept of bitcoin or are yet to really understand an in depth knowledge of what bitcoin represents, hence they are not willing to give it a chance but however the percentage of people with such mentality are reducing every day as time passes by, some of the concept that has kept people away is a manual or old know of investment, some of the old or advance people where informed during the times of Gold from childhood so if anything is not what they already know it’s difficult to adapt to it hence the people who will still forsake the volatility reason of bitcoin to invest in it will increase by the years. So volatility is not much of a problem but re-educating some people will help a lot.

The volatility of Bitcoin is commonly cited as a reason to shun investment, however, in reality it is just one of the aspects of being an early adopter in a new money system. Conversely, Bitcoin is only a little more than a decade old, and it has already reached global acceptance, institutional attention, and significant use case as a digital currency, unlike gold, which has required centuries to find its stability. It has become common knowledge among many investors that the price fluctuations are not a significant concern anymore; rather, it is more the distinctive advantages of Bitcoin that include complete ownership, transactions that are resistant to censorship, and the lack of governmental interference. The fear of volatility will also decline as education will be more aware of its goal and long-term adoption will grow.

[impulse709]

Owing to the current adoption of bitcoin, we can say that majority of investors are not interested in knowing much about what bitcoin really is and why it was created in the first place. Their intentions are only driven by the fact that they can double their investment over a couple of years. Like I've said before in some other similar discussions, we take a look at people buying shares in the ETFs, they don't care if what they own isn't BTC so long they make profits.

The profits is all that counts for now and I can bet you that even after two decades upfront it will be hard before the real idealogy of Satoshi clamp back into view because everyone is just comfortable with just trying to gather as much profits as they can with whatever means through Bitcoin. At some point you begin to wonder, what if all these whales and firm end up gathering all the Bitcoin and then turn the whole process to something else by influencing the flow with their massive Bitcoin asset.

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

Admittedly, a significant part of the current Bitcoin users is not interested in the initial vision of decentralization and economic liberation but in money itself. Part of this movement can be explained by the institutional entrance, ETFs, and constant volatility traders are willing to work with. Nonetheless, this does not imply that the main ideology of Bitcoin will vanish. Whales and firms can build up substantial supply even though the nature of the network is decentralized and transparent, no one is able to re-write the rules or dictate who issues the coins. The purpose of Bitcoin and its practical implementation could be gradually reintroduced to the limelight in the next decade, rather than its commercial opportunities.

[Ayers]

The main reason why people are investing their money is because they see it as an asset. They want to make money like the way they are doing when investing in other financial markets. If the price of Bitcoin is not volatile, people will not want to invest in Bitcoin and the adoption must have reduced not up to what we are seeing now. Since the price of Bitcoin is always going up and down, this has influenced the price of Bitcoin making it easy to trade and invest due to changes in the price.

The volatility is a reason why many people are still scared of investing in bitcoin. We understand what it mean for an asset to be volatile and then, a lot of people claim that gold is way more stable than bitcoin in terms of volatility. But regardless of that, majority would still choose bitcoin over gold why because it offer you full control which gold won't. Gold has been controlled by the government from the very beginning and till now, they choose to manipulate it's price when ever they so wish. People literally invest in bitcoin not because of volatility but because of the features they won't get from investing into other assets.

can we stop pretending already? we invest in Bitcoin because of its volatility and because we hope to get rich from it. not many people care about decentralization and privacy, and even if someone does, it's a secondary concern. Profit is still their top priority. even early investors invest in bitcoin to make a profit, let alone new investors. that's why, after years of dormancy, many whales from Satoshi's time have awakened and are selling their Bitcoin. Or, since bitcoin ETFs were approved, a large portion of the money has flowed into the market through them. Because the reality is that what people care about most about bitcoin is profit.

gold is not controlled because it is also a decentralized asset and is distributed globally. it's just that because it's a physical asset, it makes it more difficult to store and move. Furthermore, because it is no longer very profitable, many of us have lost interest in it.
believe it or not, if gold suddenly became more volatile and offered significantly higher returns than Bitcoin, people would return to gold.

[Mandoy]

Looking ahead a decade, it's clear Bitcoin will mature into a mainstream financial tool. Its function as a hedge against inflation—true digital gold—will be widely accepted. We can anticipate stricter regulations, but this will likely run parallel to rising adoption in emerging markets and nations with economic instability. While volatility will remain a feature, the conviction in its fundamental value and its permanent role in the global economy will be undeniable.

Already, many people see Bitcoin as an excellent digital gold and it is already considered a pretty good investment asset for the future of its holders. So it is quite clear that in the next decade Bitcoin will be the most super asset and also the best among other assets so that almost everyone will be happy to accept Bitcoin as a very good hedge even though Bitcoin is not a stable asset because it still has volatility. But over time Bitcoin will become the most trusted asset by everyone and will never be doubted by anyone again.

I still have no doubt that Bitcoin was one of the volatile assets. It has become a store of value gradually so it may not be accurate to call Bitcoin a volatile asset. I think that after the price of Bitcoin crossed $100k, its fluctuations are showing some stability. Like real assets like gold Bitcoin is now very close to it. With the stability in price, the demand for Bitcoin is increasing and its value is likely to increase significantly in the future, that is why people, rich and poor are still careful about holding Bitcoin.

The progress that Bitcoin has experienced in the recent years is an indication that it is not just in speculation, but it is also taking shape as a global store of value. Although there is still volatility, the market dynamics of overcoming key price barriers have demonstrated that Bitcoin is slowly coming to a stand as more liquidity and uptake become a thing. Referring to it as digital gold is not just a story any more but the way people currently consume it which is as an insurance, a form of long-term reserve and as a bubble against inflation. To the extent that the tighter regulation is expected in the next decade, it will only assist in bringing wider legitimacy but not slow adoption. The more countries with economic instability switch to Bitcoin, the more trust and holding will be strengthened in the long term, and its role in the global economy will become more fixed.

[JayJuanGee]

[edited out]

can we stop pretending already? we invest in Bitcoin because of its volatility and because we hope to get rich from it. not many people care about decentralization and privacy, and even if someone does, it's a secondary concern. Profit is still their top priority. even early investors invest in bitcoin to make a profit, let alone new investors. that's why, after years of dormancy, many whales from Satoshi's time have awakened and are selling their Bitcoin. Or, since bitcoin ETFs were approved, a large portion of the money has flowed into the market through them. Because the reality is that what people care about most about bitcoin is profit.

Yes.. bitcoin was designed as scarce and also with various ways of incentivizing participation in it by the monetization of its token - yet at the same time, bitcoin would not have any value if it were not based on some kind of an ability to achieve individual automony and financial empowerment... You cannot just proclaim that bitcoin's number goes up if there is not any underlying value to the whole process which happens to be a kind of peer to peer ability to transmit information with value attached to it without any way to duplicate it (which assures its retention of value)..

So yeah, there are a lot of people who are attracted to bitcoin merely based on number go up aspects and without understanding what helps to bring assurance that the number goes up.. and so you cannot just separate that number go up aspect out and act like that is the ONLY thing that bitcoin is, even if you and all your retarded and greedy friends gravitate upon such blind incentives.  hahahahaha

You are trying to dumbify bitcoin and to say that it is ONLY number go up and nothing else .. blah blah.. and sure that number go up attracts people, yet not everyone is a knuckle dragging ape like you and your friends and your way of presuming everyone else to be the same in terms of their supposed blind and maniacally-focused number go up obsessions.

gold is not controlled because it is also a decentralized asset and is distributed globally. it's just that because it's a physical asset, it makes it more difficult to store and move. Furthermore, because it is no longer very profitable, many of us have lost interest in it.
believe it or not, if gold suddenly became more volatile and offered significantly higher returns than Bitcoin, people would return to gold.

Even if there are temporary movements towards gold, Bitcoin is the more sound money, so in the long run people are going to gravitate towards bitcoin because bitcoin is around 1,000x or more better than gold in the various money attributes, portability, divisibility, verifiability, scarcity, low costly in terms of transporting, securing and storing, and other money attributes.  So sure some folks might not recognize and/or appreciate bitcoin's superiority in regards to each and all of the money attributes, yet they are likely to continue to figure it out even if it might take 50-200 years or more for the market to reflect bitcoin's 1,000x or better superiority over gold. So maybe you might end up doing o.k. to invest in gold rather than bitcoin, but the objective reality is working against you even though public sentiment is still likely wrongly attached to the potential moniness of that relic shiny rock.

By the way Ayers, I see that you have been registered on the forum about the same as me, so hopefully you have been stacking your bitcoin in the last 12 years so that you have already been able to advantage from both bitcoin's number go up attributes (that you seem to love) and the various potential empowerment that any of us might have when we have some amounts of bitcoin in self-custody.  And, hopefully in the past 12-ish years you have not been fucking around with distractions into trading bitcoin and/or fucking around with shitcoins rather than seeing the value of mostly accumulating and holding bitcoin... and sure, I don't have any problem with ideas of transacting in bitcoin and/or other ways to attempt to get some transactional utility out of it, yet at the same time, there has always been some benefits in holding onto bitcoin, whether you recognize ONLY bitcoin's number go up attributes or you might recognize other benefits in mostly holding onto it rather than trading it.

[YOSHIE]

I know we survived without government support and can survive without it but What are your thoughts on the direction we heading?

I also have a view of Bitcoin for the next decade, I thought, maybe Bitcoin will become the basis for triggering a new battlefield within the government or who is in power, those who make big profits, the reason is as you said "political humans" they want to destroy the old pioneers and want to throw them away, but they forget that behind the presence of Bitcoin it cannot be separated from them miners and decentralization.

This can be seen from the adoption by top countries.


As enthusiastic as they are, they forget all the principles, the real normals of Bitcoin, not that I disagree, but what I see currently is the crypto market, almost all countries currently make bitcoin the main thing in terms of their main reserve assets, strangely they don't care how to get it, various strategic policies are carried out regardless of confiscated assets, I think Bitcoin in particular is currently being played like a rope tied around a camel's neck, if you pull it down the camel bends and if you lift it it stands up, the impact is that ordinary users and investors are like birds who have no place to live.

[CryptoATM]

I know we survived without government support and can survive without it but What are your thoughts on the direction we heading?

The direction we are heading is the direction of full adoption, it's hightime we realized that Bitcoin can't really gain full adoption without sacrificing something, in place, there is this very common proverbs which if translated to English simply means that there is always something that must be cut off from a minute before it becomes consumable, some might say eatable.

I have said this over time that Bitcoin can't gain full adoption without the government stepping in to accept and adopt it first, and this has began to happen in our very eyes.

To me though, I do not believe that by the government coming in to bitcoin totally kills privacy, no, no, I still believe it's a choice we can make for ourselves respectively speaking, the government may want control but we have to be rest assured that the Bitcoin network can't be manipulated by any Dev, except the government decide to create their own crypto asset.

Everything has their advantages and also their disadvantages and that’s the case with government stepping into the industry and you should also know that, government wouldn’t see a profitable opportunity and just let it slide nahhh, so for bitcoin to be totally accepted, the government would want to gain from the processes and yes I agree with you that, it doesn’t totally steal away our privacy but if you truly want to use bitcoin conveniently(crypto in general) then we also need these exchanges and in most cases, for an exchange to be accepted and easily trusted, they have to be registered and for them to be registered, they need to agree to government terms which might not be favorable to the users and in one way or the other, privacy is bridged.

I agree with you that for us to gain this full adoption that we so desire, something must be traded and in this case, we’re already trading trading this privacy we so much yearned for

Must we really want these government acceptance?

[Abiky]

Although the economic conditions of various countries are not that good now, I hope that in the next 10 to 15 years, the economic conditions of various countries will improve a lot and the governments of various countries will accept Bitcoin and by accepting Bitcoin, they will try to strengthen their economic conditions further. Everyone wants to enjoy the benefits of using Bitcoin, but many governments avoid Bitcoin due to many considerations. What we have seen in the Bitcoin market in the last ten years, we will see more in the Bitcoin market in the next 10 years and considering the level of popularity and price now, both the popularity and price of Bitcoin will increase a lot in the next ten years. We will see many more countries in the next ten years that will allow the use of Bitcoin alongside their national currencies and I will wait for that day.

Well, Bitcoin isn't a "magic pill" that will solve all of the world's economic problems. It still depends on mainstream economies to survive. So if the world economy is down, BTC will have a hard time gaining traction. Especially now when it moves in-correlation with other assets (mainly tech stocks). How can it be a safe-haven asset this way? Governments stockpiling BTC wouldn't make any difference. But I hope I'm wrong, and things improve in the long run. With many investors calling Bitcoin the "next Digital Gold", I believe it has a bright future ahead of it. Who knows? Maybe it will go as far as displacing Gold in the long term.

Within a decade, many things can happen. Besides increasing adoption, Bitcoin would most likely improve in terms of cost-efficiency and network performance (scalability). Everything will depend on developers' efforts to keep Bitcoin accessible to everyone. Subject to community approval, of course. I'd just buy, "hodl", and forget about the rest.

[Omj1014]

Look beyond the price of bitcoin and how much it has done from the past and look into what the true purpose of bitcoin is and how it's becoming with the involvement of governments and other institutions, it's that what bitcoin is about?

It's becoming a primary tool for governments to use in fulfilment of their agendas, the decentralised nature is lossing shape, privacy is attached in real time. look at the tornado cash foundation jailed for providing a extremely privacy tool that assist bitcoin network system of hiding your transaction and the  this same institutions or government are wanting to make it a reserve for themselves while destroying the core tenants of bitcoin.

Bitcoin in the next decade is now a serious concern as it could loss it's core shape totally not the price but it's decentralised system, your transactions can be censored in the next few years it's a serious concern.

What you say is already happening, the decentralization of bitcoin is under threat and this will become more serious as governments intervene more deeply in the bitcoin market. But as you can see, not many people care about that. Many people always say that they like bitcoin because of its decentralization, but in reality, they only care about the price. They don't really care about the decentralization of bitcoin as they say.
I believe that if the government can control and bitcoin becomes centralized but it still makes profit, people will still be happy and invest because what they need is profit.

If Bitcoin gets centralized I think the profit won't be the only concern to investors, because Bitcoin will be vulnerable to cyber attacks and some other disadvantages.