Was Bitcoin’s rise inevitable, or just perfect timing?

[arhipova]

Did the 2008 financial crisis and distrust in banks make Bitcoin’s success unavoidable?

Most of the things that became too big in history, timing of the project has been one of the most important factors. Is it same in case of bitcoin also ?

[FortuneFollower]

Fiat is flawed to the point where it bloats itself too much, so, to a degree - yeah, BTC rise and adoption will become more and more relevant due to it.

[_act_]

Did the 2008 financial crisis and distrust in banks make Bitcoin’s success unavoidable?

Most of the things that became too big in history, timing of the project has been one of the most important factors. Is it same in case of bitcoin also ?

The success in bitcoin is beyond when it was created but it is because there was nothing similar to bitcoin at the time. Bitcoin was new to people it is very opposite and better than fiat in almost all ways as it is decentralized and having limited supply. No blockchain before bitcoin, not successful digital currency before bitcoin. People like new things but bitcoin limited in supply makes it very valuable and they are used as investment while the government was not able to control it.

[hero_the_bossman]

Did the 2008 financial crisis and distrust in banks make Bitcoin’s success unavoidable?

Most of the things that became too big in history, timing of the project has been one of the most important factors. Is it same in case of bitcoin also ?

The success in bitcoin is beyond when it was created but it is because there was nothing similar to bitcoin at the time. Bitcoin was new to people it is very opposite and better than fiat in almost all ways as it is decentralized and having limited supply. No blockchain before bitcoin, not successful digital currency before bitcoin. People like new things but bitcoin limited in supply makes it very valuable and they are used as investment while the government was not able to control it.

They (different govs) can only lick their teeth at it as of now, but they try to keep up the game with reserves / CBDCs 

Sooner or later, BTC will be the biggest option besides fiat itself.

[notocactus]

Did the 2008 financial crisis and distrust in banks make Bitcoin’s success unavoidable?

Most of the things that became too big in history, timing of the project has been one of the most important factors. Is it same in case of bitcoin also ?

Its success comes from solid technical fundamentals, then a next factor is timing. If other cryptocurrencies created before Bitcoin were launched on a same Bitcoin Genesis Block day, I believe that they would still fail. It is because of their bad technology and lack of security as well as decentralization.

Bitcoin succeeds by its strong security together with decentralization and no censorship. Other cryptoccurencies before Bitcoin and after Bitcoin don't have decentralization.

[nemesis_incarnate]

^ Coins that would be the same as BTC launching the day as it did would have all the chances to be the next BTC, and BTC itself would be not as relevant then, but as it is now, yeah, BTC is truly the king of the market..

[Ruttoshi]

Bitcoin utility and timing makes it to be the king, and ahead of the rest. Bitcoin was created with good intentions to give us financial freedom. Altcoins were created for selfish purposes which is why they cannot have the unique nature of bitcoin.

Bitcoin is beyond institutional control and censorship resistance because of the decentralized nature. Solving double spending problem. Until we see a new coin that her utility more than that of bitcoin before bitcoin will stop dominating. I don't know if that's possible in the future.

[Odohu]

Did the 2008 financial crisis and distrust in banks make Bitcoin’s success unavoidable?

Most of the things that became too big in history, timing of the project has been one of the most important factors. Is it same in case of bitcoin also ?

Bitcoin was not launched as at 2008 when the crash happened so there was no way there could be a connection between them. Even in the numerous papers and posts of Satoshi, there was never any reference to that global economic meltdown as a motivation for the creation of Bitcoin, rather it has always been the need for freedom from control and censorship of the centralized and corruption prone fiat system that was the motivation for the creation of Bitcoin. So get your facts right and use Bitcoin for what it was meant for.

[Apocollapse]

I think it's not happen by coincidence, because the Lehman banks bankruptcy happen in September 2008 and then in the next month, Satoshi officially post Bitcoin whitepaper with a purpose to avoid interaction with third party.

Even though Bitcoin exist on the right time, but it still hard to gain trust from people to trust Bitcoin over banks, even now people are still trust banks over Bitcoin.

[henry_of_skalitz]

^ Because BTC overall generally is a brand new thing for everyone, retailers and institutions alike.

But people see how these entities treat them sometimes, and they turn their backs to something different.

[Myleschetty]

Let's make this clear. The 2008 financial crisis, which resulted in mistrust of the institutional banking system, did not make Bitcoin's success unavoidable because central banks monetary policy and banking operations model make mistrust of the system inevitable, while the concept of BTC, and functionality make it success unavoidable.
Yes, Bitcoin was created at the ideal moment, but its success was predetermined by its concept and the solution it offered, since people are always looking for the best alternative solution to a problem.

[tsaroz]

Did the 2008 financial crisis and distrust in banks make Bitcoin’s success unavoidable?

Most of the things that became too big in history, timing of the project has been one of the most important factors. Is it same in case of bitcoin also ?

Surely bitcoin got lucky due to different circumstances, and the 2008 financial crisis was a major one. Even though we call it 2008 financial crisis, it's when it started to have visible effects and it lasted for years. The distrust in fiat did brought more attention to bitcoin.

There were some experiments with digital cash like David Chaum’s eCash but at that time, the technology for SHA-256 algorithm was not advanced enough for eCash to take advantage of it. The technology for Bitcon were already mature by 2005 but no one made an effort for it and it was finally in 2008 when satoshi nakamoto came to this trustless system.

[Pablo-wood]

Most of the things that became too big in history, timing of the project has been one of the most important factors. Is it same in case of bitcoin also ?

In the case of Bitcoin, I won't say timing was a big blow because even before 2008 we still had bank flaws but what propelled Bitcoin was the massive adoption and the vast community of individuals who not only believed in the project but also invested their time, effort, and resources into building around it. The timing might have helped to attract early attention due to the financial crisis, but it was the growing trust and continuous development that sustained Bitcoin and made it what it is today.