What made people trust Bitcoin enough to keep using it for 17 years?

[CryptopreneurBrainboss]

I have been asking myself this question: What made people trust Bitcoin enough to keep using it for 17 years? The more I learn about Bitcoin the more I begin to understand why people have continued to believe in it and use it over such a long period.

It wasn't just one reason that's why people trusted Bitcoin, some people just benefited from being early without even believing in Bitcoin but were just privileged to be mining for curiosity, fun or support and forgotten about Bitcoin for a long time untill when it started to be worth something.

Others just wanted to be involved or coin collectors etc, we have many reasons why people invented, mined or own Bitcoin but for those who saw the potential and believed then inverted to hodl, this are the real ones because they're the reason why Bitcoin has survived untill right now and this should be our top priority why we shoul be investing in Bitcoin.

Bitcoin only got some attention of recent, so all those who held then didn't do it because of the money involved and that's why they're the real ones because after the popularity explosion, most people coming in now only has one reason which is price appreciate and that's what's spoiling the market as we have too much attention now on the price of Bitcoin.

[Callido]

I have been asking myself this question: What made people trust Bitcoin enough to keep using it for 17 years? The more I learn about Bitcoin the more I begin to understand why people have continued to believe in it and use it over such a long period.

People saw the need when they found out Bitcoin wasn't collapsing as they had earlier predicted, the first adopters were not large in numbers, the number of unbelievers was more in numbers, and over the years, people began to identify those areas where Bitcoin can fit in, and that has been how Bitcoin has rounded up more investors who become willing to join the list of investors.

The decentralized system of payment and profitability has been the key area, and this is what will last for many years to come.

[Joeboy]

At the onset not many trusted it and that is why we keep seeing threads about folks being filled with regrets over them not taking advantage of it at its early stages...But overtime the trust began creeping in ... From 10 to 50, then to thousand, then millions and eventually billions of people who keep on using and then becoming more aware of it... And the more people started holding and confirming that it is actually valuable when held for longer term durations, the more it became more easier for others to give it a chance...And the more others came and also confirmed it's decentralized nature and the fact that it dosen't need any kind of technology to function, the more the growth of people's confidence...

And this is very well similar with how adoption grows for other new technologies, but in the case of Bitcoin it keeps proving itself more and that is why the trust folks have in it keeps on growing rather than depreciating...

[IjawMan]

 Bitcoin offers much much more features for it users than what the traditional fiat does, with real utility and limited supply on how many of the Bitcoins in existence it creates value for the coins due to scarcity and high demand.  Many are using it as hedge to inflation in a long term.

With the privacy that Bitcoin gives as a result of its decentralize feature a lot of Investors are very comfortable to build much portfolio in it cause of the anonymity with their ownership that does not reveals identity but just with a wallet address and keys.

[Nheer]

I have been asking myself this question: What made people trust Bitcoin enough to keep using it for 17 years? The more I learn about Bitcoin the more I begin to understand why people have continued to believe in it and use it over such a long period.

People saw the need when they found out Bitcoin wasn't collapsing as they had earlier predicted, the first adopters were not large in numbers, the number of unbelievers was more in numbers, and over the years, people began to identify those areas where Bitcoin can fit in, and that has been how Bitcoin has rounded up more investors who become willing to join the list of investors.

The decentralized system of payment and profitability has been the key area, and this is what will last for many years to come.

During the early stage of bitcoin invention no much believers, only few people were interested in bitcoin back then because it was a new system which people were not familiar with so we can’t really blame them during those years. But now bitcoin has made so much publicity all over the world and people has seen it to be a reliable investment, and with it history we can see that there are more reasons for it to be an option over the rest.

 The decentralization is one thing and another attractive reason is the benefits it offers of increasing in price over period of time and this has impacts on those holding it and increases their portfolio too.

[Miles2006]

90% trust definitely but, this trust still has to do with privacy which is why the other 10% is left for an investor to keep up with. Bitcoin has proven to be a valuable asset alongside financial freedom over the years, we have experience investors who started during the early days and are still present unlike others who read past event and came to understand bitcoin, personally I fall in this category.
One of the reasons, I would love to focus on store of value most importantly bitcoin is seen as a really top asset when store for long period the value increase in respect to market move meanwhile the decentralized nature of bitcoin is also a major reason why people trust bitcoin.

[Tonimez]

The real trust must have come from the early adopters, those where the real legends, accepting this bitcoin against all odds when a larger percentage of the people were crypto phobic and even regulations made to discourage its acceptance. Nowadays, most acceptance and trust that bitcoin is enjoying is based on its past achievements, its record longevity, a non rigid cycle and its volatility. Everyone has understood that bitcoin is not just a cryptocurrency but a future economic based. Operating on a fully decentralised network is a huge advantage for bitcoin enthusiasts and it's going to continue gaining more acceptance daily. Having a limited supply is another factor too that drives its acceptance and its long-term hope.

[Bitcoin.com97]

You know people don't use what they can't trust , Bitcoin investment has been transparent,and overly it has show how trust worthy it has been ,at the begining it was few who trusted it and it grows significantly which made others to believe in it too .

Secondly the security and privacy it gives it's another reason why many has trusted it over the years ,even with the volitility,many still go into it , because of its value , Bitcoin investment has gain recongnation all over the world and many are still investing in it because of the trust it has gain over the years .

[Agbamoni]

People trust it because of its decentralized nature and the vision that it will let the common man and woman have full control of their money without needing the permission of third parties. With Bitcoin, you can hold a huge amount of money just in numbers but great value and no body will know that this money belongs to you because your identity is not tied to it but in the traditional financial system, a third party already knows your name and also have your picture and your fingers prints recorded in their system, so any amount of money you are keeping in your account, they know who owns it and can deny you access to it if there's any issue. Bitcoin does not bend to inflation and it's also one reason people have keep using it as a safe heaven to protect their money.

The trust preference has shifted from decentralization to institutional and political trust. Most recent Bitcoin investors who are willing to hold Bitcoin for more than 10 years trust Bitcoin because big institutions are buying and holding it as a long-term asset. To be precise, these guys are the ones investing through well-recognized institutions after Bitcoin ETFs were announced.

Another is the political interest. Ever since Trump took leadership. It has been one news to the other, which has influenced Bitcoin's price and increased trust among newly investor. Since Trump and the US are backing it.