What makes Bitcoin Stronger over time

[CryptopreneurBrainboss]

In conclusion,  the growth of Bitcoin is helped by the combination of decentralization, security, scarcity, adoption, community support, technological innovation and growing global awareness.
Together all this contribute to it's active resilience and development.

Your list are accurate and I will just add that the most important thing in the journey of Bitcoin adoption is the community, without the community backing Bitcoin it won't have achieved all it have done. They were people that believed in Bitcoin before the whole buzz about Bitcoin achieving all time high, those miners that mined Bitcoin when it has no value and those that started the first P2P transactions and bought things with Bitcoin are the communities that backed Bitcoin until it achieved all the milestones right now. There are more people coming into the industry and this is making the industry stronger, right now we have more advanced investors and with this I think the future of Bitcoin is going to get more stronger.

[beerlover]

All those point are quite useful but yet somehow I feel those are generic. The most important point for me is mass adoption. That is what I think makes bitcoin grow even stronger over time. Bitcoins might never have gained traction if people did not show interest. Even now, we have seen institutions showing interest which has motivated individual investors to trust bitcoins for long term. This will keep growing over time as more number of people joins the space. Mass adoption is something that will push the price even further because demand will keep rising while supply remains stagnant.

Bitcoins have already gained traction and I think now there is no stopping by. Bitcoins will keep rising over time being one of my best investment decision. Bitcoins are pretty strong in the current situation as well. They already are untouchable and things will keep getting even better over time.

[Dareo]

True talk, the best part of Bitcoin is that nobody owns it, which means we all collectively give it value through trust. It’s definitely evolved from what Satoshi originally laid out, but honestly, seeing it grow into a global store of value makes it feel much safer for the long collection. Passing it on to the next generation is the ultimate long term hold

To me the greatest strength of Bitcoin is that its uses have changed over time but its core principles have not. Initially many saw it as just a peer to peer payment system but in reality it has gradually evolved into a global store of value.  So this is not a departure from the original purpose but a natural evolution and even with solutions like the Lightning Network, the payment opportunity is still there. The only difference is that now many people are more comfortable holding Bitcoin as a long term safe asset than for everyday transactions.

[AmoreJaz]

True talk, the best part of Bitcoin is that nobody owns it, which means we all collectively give it value through trust. It’s definitely evolved from what Satoshi originally laid out, but honestly, seeing it grow into a global store of value makes it feel much safer for the long collection. Passing it on to the next generation is the ultimate long term hold

It's trustless and it's true that the origin of it was to be used for payments and transactions but as time passes, it has evolved and that use is no longer alone. Making it as a store of value doesn't make it remove the other features that it has got like the usage for p2p transactions. That is still there but this time, it makes people doesn't want to use it for most of the transactions but mostly for keeping or holding it.

The volatility factor is still the main driving reason why many people are getting into this market. The hope that they will earn good money at a short period of time is always there. Thus, btc as payment method is still not very popular among users aside from the fact that the fees are quite significant for some merchants when you use it as payment method.

[tabas]

It's trustless and it's true that the origin of it was to be used for payments and transactions but as time passes, it has evolved and that use is no longer alone. Making it as a store of value doesn't make it remove the other features that it has got like the usage for p2p transactions. That is still there but this time, it makes people doesn't want to use it for most of the transactions but mostly for keeping or holding it.

The volatility factor is still the main driving reason why many people are getting into this market. The hope that they will earn good money at a short period of time is always there. Thus, btc as payment method is still not very popular among users aside from the fact that the fees are quite significant for some merchants when you use it as payment method.

The payment method is popular still IMO but we choose not to use it as is because we're treating it as a precious investment. We're all free to choose however we're going to use it. The problem about the merchants is that they're using third party services when they're about to receive payments and that's the reason why they're being bumped with fees. If it's not with those services and they just receive it as is then it won't be a problem. But on their end, they have to do it so that they can adjust and be flexible with any type of paying customers.

[TedMosby]

I am a Bitcoin fan and user for a long time, but I don't think the decentralization factor is still a strong reason that can make Bitcoin stronger over time. Among all factors that you mentioned, I only strongly agree with Limited Supply and Institutional Interest. The stronger reason is simply that Bitcoin offers a Capital Gain Opportunity. People see Bitcoin as a bandwagon that helps them get out of poverty. And Bitcoin seems to have that kind of ability because it offers an opportunity to make money from Bitcoin's high volatility and its market that never sleeps.

Now ask the question back to yourself, would you still be interested in Bitcoin if there was no opportunity for capital gain? IMO, the other 2 factors, Limited Supply and Institutional Interest, are just support factors for this main factor.

Decentralization, security, scarcity, and adoption may make Bitcoin strong. But price, volatility, and capital gain opportunities make Bitcoin interesting. Bitcoin becoming interesting brings people in, while Bitcoin being strong makes them stay. Being strong alone is never enough, and being interesting may only work for a short time. Combining them could work for the long term.

[CryptoBuds]

To me the greatest strength of Bitcoin is that its uses have changed over time but its core principles have not. Initially many saw it as just a peer to peer payment system but in reality it has gradually evolved into a global store of value.  So this is not a departure from the original purpose but a natural evolution and even with solutions like the Lightning Network, the payment opportunity is still there. The only difference is that now many people are more comfortable holding Bitcoin as a long term safe asset than for everyday transactions.

No matter how much we try to justify or refuse to admit it, the truth is that Bitcoin has drifted away from its original purpose. Today, most people view it as an asset to accumulate wealth rather than something to spend, let alone use as an everyday payment method.

In reality, people do not want to spend Bitcoin because they see it as a waste, not because the network is slow or transaction fees are high. Therefore, even if solution like the LN become widely adopted, it will be very difficult to change that mindset.

[taufik123]

No matter how much we try to justify or refuse to admit it, the truth is that Bitcoin has drifted away from its original purpose. Today, most people view it as an asset to accumulate wealth rather than something to spend, let alone use as an everyday payment method.
-snip-

The user deviates but not the Bitcoin and Bitcoin remains Bitcoin, related to the issue of deviating from its original purpose or not,
this also depends on how the regulation gives flexibility to Bitcoin will be used for,
because each country has its own regulations that regulate crypto and Bitcoin so that it can be used as a legal currency or just a commodity asset,

The original purpose of Bitcoin was created was to create a fully independent peer-to-peer electronic money system,
enabling digital financial transactions globally without relying on intermediaries such as banks or governments,
as an alternative to the Financial System, Transparency and Security, decentralized with a limited supply of only 21 million BTC.

If BTC deviates from its original purpose as well because of some rules that make it have to adapt, it has a natural evolution of its ideological purpose,
so it will adjust how each rule will work and Bitcoin will also be accepted.

[AYOBA]

Bitcoin today is the most recognized asset that can be sent to anyone around the world, due to it massive growth.

The massive growth of Bitcoin and adoption, are influenced by several  important factors that helps. which are listed below:
1. Decentralization
Bitcoin moves without an authority from the following
* Government
* Bank's
* Or Company
This has  helps in making the network resistance system to restriction and single points if failure.

The Bitcoin has become a reliable coin and that’s why it has been recognized all over the world, having a Bitcoin has an assets is a great thing because you will never regret having it no matter how long it take before selling your Bitcoin. One thing that make so many people trust Bitcoin is that because it’s a decentralized currency that you mentioned earlier, it doesn’t control by anyone or any banks.

The network of Bitcoin is very fast in-terms of transactions unlike the banks that you will be having some issues when to do a single transaction, bitcoin is not all about that it make a easy and faster transaction without delay.

[Zanab247]

I guess demand is what make BTC strong over time, because when you see population of buyers in the market it will make the price of BTC continue to pump higher to cause those waiting to sell to be bold to enter market to sell out their BTC. Especially when you are hodling BTC and sundly the price of BTC increase higher, show that you can sell to make profit, which is what bull season can do to hodlers.

Once you notice that the price of BTC is reducing from the market, you should know that number of supplies is increasing and it will continue to make the price of BTC to dump until the market enter bear season that will last long.

[free-bit.co.in]

I guess demand is what make BTC strong over time, because when you see population of buyers in the market it will make the price of BTC continue to pump higher to cause those waiting to sell to be bold to enter market to sell out their BTC. Especially when you are hodling BTC and sundly the price of BTC increase higher, show that you can sell to make profit, which is what bull season can do to hodlers.

Once you notice that the price of BTC is reducing from the market, you should know that number of supplies is increasing and it will continue to make the price of BTC to dump until the market enter bear season that will last long.

Yes, demand is what makes Bitcoin strong over time. The higher the demand, the higher the value of Bitcoin. However, demand for Bitcoin does not arise on its own. It comes from its characteristics such as decentralization, the ability to transact without intermediarie and its limited supply...which make it attractive to investors.

I do not believe the demand for bitcoin would exist if it did not possess the core characteristics mentioned.

[wozzek23]

The community is wide because it includes Bitcoin miners, investors, traders, users and many companies with their products around Bitcoin or accept Bitcoin as payment for their customers. With time, Bitcoin mining industry becomes bigger, more competitive with very high Bitcoin network hashrate and difficulty, the Bitcoin market becomes bigger in market cap, trading volume. People globally can use Bitcoin for payments of more services and Bitcoin snow ball effects have been continuing to be amplified with time.
https://newhedge.io/terminal/bitcoin/legality-map
https://coinatmradar.com/

And the good thing is, this community keeps getting stronger and bigger. Once people join this space, they hardly leave even after facing loss. That is because they know the potential bitcoins hold. Bitcoins has a number of use-cases which makes them one of the favourite currency of all times. We can't really call bitcoins as a currency as of now but I am pretty sure we can in the future. Bitcoins do not discriminate so anyone is free to join which makes the community grow stronger and stronger every single day.

Bitcoins will soon reach Gold's market cap and trading volume levels. For that, bitcoins might need to grow 10x more stronger but I think that is very much doable within a few years. I think bitcoins will be the strongest once the market cap crosses $20 trillion which surpasses Gold.