Why I think Bitcoin is priceless and eternal!

[Hazink]

Being your own bank sounds great until you realize all the security falls entirely on you, thanks for the wake up call to double check our safety habits. Definitely agree that it's better to be a part of this movement than to miss out entirely.

All the security falling on you is the exact thing that gives you the total control. If anyone can't handle that, then they should not be seeking full control over their wealth or talk of owning a full decentralized currency. What's the need to own Bitcoin when you still want a third party to handle security for you? What's the difference between that method and leaving your local currency in your local bank account?

[Ryu_Ar1]

I always have the thought that Bitcoin will continue to exist and become better as long as the world continues to exist, that can be true but if we look at other factors such as the attacks that Bitcoin is getting from government and hackers, it makes me also think about what could happen to Bitcoin in the future, so, I'm left to thinking that the future is uncertain even for Bitcoin or other things, change is consistent, I don't know if Bitcoin will be for eternal but I know it will stay for a very long time.

We just need to see and prove until the end because for regulatory issues I think everything will adjust over time and currently we have even seen many countries adjusting even for countries that were previously harsh in banning bitcoin which means here that they have started trying to follow even though they are not fully in bitcoin because of problems with their beliefs in fiat.

For the problem of hacking we just need to improve ourselves because hacking can happen and very easily when we are careless in the management of the wallets we have because for the blockchain problem I believe it is still very strong and until now we have not seen a blockchain hack. The meaning here is that we only need to increase our security and always be vigilant when dealing with the wallets we have so that the worst situations such as hacking can be minimized.

[Onyeeze]

Being your own bank sounds great until you realize all the security falls entirely on you, thanks for the wake up call to double check our safety habits. Definitely agree that it's better to be a part of this movement than to miss out entirely.

All the security falling on you is the exact thing that gives you the total control. If anyone can't handle that, then they should not be seeking full control over their wealth or talk of owning a full decentralized currency. What's the need to own Bitcoin when you still want a third party to handle security for you? What's the difference between that method and leaving your local currency in your local bank account?

The major concern that make people to have passion on bitcoin is because the privacy in bitcoin and if without privacy i don't think thay people may love to invest with bitcoin, bitcoin as a decentralized currency, that is what attracts investors, so without as i said bitcoin will lose so many investors, and there's no different between bitcoin and traditional currency, bitcoin as decentralized currency that makes bitcoin not to have a second or third party security, but any day bitcoin have a third party security, that's the day bitcoin will lose its potential

[Sonia_123]

Remember that Bitcoin supply is just 21 million and presently, the quantity is reducing by the day except more Bitcoin will be created in future, then we can see Bitcoin lasting for a longer period of time than we have now.

Being priceless yes it will be, but no one can predict how much it will be then but cannot be enternal sure but it might last longer than expected for those that will present to experience the price of Bitcoin will really be appreciated and their investment will highly be rewarded.

[Betwrong]

~

~ Anyway, those of us who have knowledge about the market and its history, we obviously know what is going to happen, and we know that dips and crashes are a normal thing since this market moves in cycles, in which we have bear markets and bull runs, and after every bull run, we expect a bear market, and when it starts, we know what is happening. This has made things very easy for long-term investors because they know when is the right time for them to start accumulating, and once they are done with that, they start holding with the mindset that the bull run will come and then they are going to take their profits.

I agree. I wouldn’t say I follow this strategy all the time, because I often have to sell BTC in a bear market just because I need cash. But every time I sell it, I know I could probably get a better price in the future.

~

~ those waiting for the rock-bottom fall of bitcoin may as well be planning to wait forever. I believe bitcoin has come to stay and would continue growing and maturing to the possible extent that it's volatility would not be as high as it is now. I'm optimistic for an ATH of $200k or more in the next bull run. OP should have his eyes fixed in the possibilities of bitcoin reaching a million dollars, A trillion is still unachievable for centuries to come.

Yes, that's exactly what I think too. With analyzing the history of Bitcoin, you can come to conclusion that 2x+ of the previous ATH is pretty possible during the next bull run. And the previous ATH was $126k, so ...

[Publictalk792]

Being your own bank sounds great until you realize all the security falls entirely on you, thanks for the wake up call to double check our safety habits. Definitely agree that it's better to be a part of this movement than to miss out entirely.

All the security falling on you is the exact thing that gives you the total control. If anyone can't handle that, then they should not be seeking full control over their wealth or talk of owning a full decentralized currency. What's the need to own Bitcoin when you still want a third party to handle security for you? What's the difference between that method and leaving your local currency in your local bank account?

The major concern that make people to have passion on bitcoin is because the privacy in bitcoin and if without privacy i don't think thay people may love to invest with bitcoin, bitcoin as a decentralized currency, that is what attracts investors, so without as i said bitcoin will lose so many investors, and there's no different between bitcoin and traditional currency, bitcoin as decentralized currency that makes bitcoin not to have a second or third party security, but any day bitcoin have a third party security, that's the day bitcoin will lose its potential

Bitcoin is designed in such a way that it is not controlled by one group, no single entity is in control of network and it will stay that way. Bitcoin, however, is not totally private, but uses fake names. All transactions are permanently put on public blockchain. There are only so many privacy options with Bitcoin, since chain analysis companies like Chainalysis make millions in helping governments be able to track money that is flowing through Bitcoin.

By the way Hazink is true. So give security to third party and you are essentially reinventing the banking system in a crypto package. This is entire idea of self custody, no need to trust any individual. That is much of responsibility to carry and that is the thing. It is investors who understand this difference who take bitcoin seriously. People who do not want to be responsible for their own convenience will always be pulled to go for custodial solutions and that is okay, but it is not true freedom.

[Youngrebel]

Bitcoin is designed in such a way that it is not controlled by one group, no single entity is in control of network and it will stay that way. Bitcoin, however, is not totally private, but uses fake names. All transactions are permanently put on public blockchain. There are only so many privacy options with Bitcoin, since chain analysis companies like Chainalysis make millions in helping governments be able to track money that is flowing through Bitcoin.

By the way Hazink is true. So give security to third party and you are essentially reinventing the banking system in a crypto package. This is entire idea of self custody, no need to trust any individual. That is much of responsibility to carry and that is the thing. It is investors who understand this difference who take bitcoin seriously. People who do not want to be responsible for their own convenience will always be pulled to go for custodial solutions and that is okay, but it is not true freedom.

Exactly and personally I just love the way bitcoin works because there’s no single person, company, or even government organisations controls the network even tho so many people get confuse between the distribution system and complete privacy. Since all transactions are recorded on a public blockchain, they can actually be traced whenever there is a need for that, and it can be traced even if your real name is not directly attached to your wallet.

[Mahiyammahi]

Umm so you're expecting a a solid 20x on Bitcoin from this position. Previous from the bottom after the bear market it did almost 12x to achive the new ATH. Since we still don't know what is the bottom I think we might ne seeing bitcoin in more lower stage. If we calculate the previous scenario then , each cycle lasted over 4 years. So it might be another 40 year to reach bitcoin in a million dollar. It's not impossible to achive bitcoin in $1M .

Acquire as much Bitcoin as you can before time ends.

[Jubilee58]

In fact, we cannot think of or appreciate any great qualities in humans. (Various scriptures mention that humans are the best creation)


In this current era of empowerment, infinite currency systems, controlled structures, and artificial economic systems,
I believe that the price of a BTCitcoin will reach a trillion dollars, We may not be alive then,
but many of our current users will see Bitcoins at a million dollars, and at that time only the lucky ones will have Bitcoins, because there have been many tricks to snatch Bitcoins in the past and there will be more in the future.

Many investors, and bitcoin analyst are already predicting bitcoin to reach a million dollar in the nearest future, and I believe this analysis is likely to be true considering the price that Bitcoin has reached presently. Bitcoin has already gained popularity among digital assets, and has become an asset with major interest, gaining adoption speedily in recent times. From my own observation, it seems the journey of bitcoin has just begun, because I feel the more interest that investors have , the more potential, and price growth that the bitcoin market will likely gain.

[Fivestar4everMVP]

In this current era of empowerment, infinite currency systems, controlled structures, and artificial economic systems,
I believe that the price of a BTCitcoin will reach a trillion dollars, We may not be alive then,
but many of our current users will see Bitcoins at a million dollars, and at that time only the lucky ones will have Bitcoins, because there have been many tricks to snatch Bitcoins in the past and there will be more in the future.

Sorry but I think you are day dreaming if you are thinking the price of bitcoin will one day reach a trillion dollars 😂, this is the height of exaggeration I've seen so far, and this gives me the impression that you probably lack good knowledge of numbers.

Before even thinking and coming to such conclusion that a trillion dollars is possible for one bitcoin, did you manage or try doing some simple math to know what the marketcap of bitcoin would be if it's price reaches a trillion dollar for a coin, do you even know what a trillion dollar is?
I understand that you are being enthusiastic about bitcoin which is very good, but please lets not raise our hopes too high, a bitcoin at a million dollars is possible and that would already be a great achievement, let's not begin to talk about a trillion please, not when we haven't even seen a stable price above $100k.