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Author Topic: Who then is buying Bitcoin for the next leg up?  (Read 589 times)
Jostern
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Today at 09:28:28 AM
 #61

My question now is how many weak hands have panic sold and who is buying Bitcoin for the next leg up?

I don't panic when someone causes danger, I believe that Bitcoin has not been harmed by any greater danger in the past and it will not be harmed now. I am determined to invest my Bitcoin, where I will invest more but I never panic when I hear this small panic right now. Because I invested in Bitcoin with money that I can lose so there is no reason to panic, I have held Bitcoin for the future and will continue to hold it. If the price of Bitcoin is lower, I will take the opportunity to buy more.

Sometimes I feel this people just say things and make a statement that would end up putting FUD on people’s mindset, I personally don’t take any negative statements coming from Vitalik and others seriously, I’m here wondering why he sounds like Bitcoin is the only one in danger if such things should happen, every other cryptocurrency would definitely be affected and banks and other security facilities would definitely be affected.

I like the part that you said, you’ve nothing to fear when someone is trying to cast uncertainties and fear in the mind of investors, basically because you’ve been investing in Bitcoin with a discretionary money, which you can afford to loose. That is quite the right way of making investments, so you can careless about what people would be speculating about the future of Bitcoin.

None of this things people are saying and causing FUD really matters to me, I’m more concerned on buying and holding bitcoin, it may or may not end up Successful.  











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Tamaperdana
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Today at 09:51:41 AM
 #62

Vitalik Buterin came out to drop his own version of Fear Factory on Bitcoin investors.
I'm sorry I going to have to call it a FUD.

By the time quantum computer hits Bitcoin,

Health care, hospitals, transportation, security systems, banks and logistics would be the first victims of Quantum computer, they would have been hit long before Bitcoin gets touched.

I don't know about the past but today, the whole world depends on cryptography.
Yet, some people just decide to FUD Bitcoin as if Bitcoin is the only thing exposed to Quantum threat.

Let's think about it carefully, This is a Global Threat, it's never a Bitcoin only thing.

My question now is how many weak hands have panic sold and who is buying Bitcoin for the next leg up?
When we talk about the threat of quantum computers, it's clear that, at first glance, it's extremely dangerous for Bitcoin. But don't worry, Bitcoin's security will continue to be strengthened by a community of experts in the field. So, with that in mind, I don't think you need to worry about this. Quantum computers will certainly be incredibly powerful, but they all have their weaknesses. So, with that in mind, I think there will be many more people buying Bitcoin in the future, and perhaps even more than now. Bitcoin continues to develop, and little by little, more people are becoming interested in buying it. So, yes, Bitcoin will continue to advance, and everything will be fine. And quantum computers certainly won't pose a significant threat, I think. Personally, I believe the biggest threat to Bitcoin is when the internet goes out or the power goes out that's the real threat.

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Today at 11:43:37 AM
 #63

When we talk about the threat of quantum computers, it's clear that, at first glance, it's extremely dangerous for Bitcoin. But don't worry, Bitcoin's security will continue to be strengthened by a community of experts in the field. So, with that in mind, I don't think you need to worry about this. Quantum computers will certainly be incredibly powerful, but they all have their weaknesses. So, with that in mind, I think there will be many more people buying Bitcoin in the future, and perhaps even more than now. Bitcoin continues to develop, and little by little, more people are becoming interested in buying it. So, yes, Bitcoin will continue to advance, and everything will be fine. And quantum computers certainly won't pose a significant threat, I think. Personally, I believe the biggest threat to Bitcoin is when the internet goes out or the power goes out that's the real threat.

Quantum computers are not threats to Bitcoin alone, I don't know why it's a big deal why people make it look like Quantum is a threaten to Bitcoin only. Quantum computers are threats to any cryptography that you know that exist and if it becomes realistic, it will hurt alot of things. The only reason why Bitcoin is a center of attention is that Bitcoin is decentralized and many people are worried how they can make changes that will not affect the chain.

There is no way the devs are going to sit around and watch a trillion market cap be affected, they are going to do something about it and then we will not have to worry about private key leaks but before then, everyone is advised to move their coins to a new address they have not done any transactions, this is one of the best way your coins are save as your public keys are not reveal yet in transactions you have not spend.

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Today at 12:47:36 PM
 #64

Calling a concern FUD doesn’t really answer it. I’d find this discussion more useful if people explained what evidence would change their view, instead of assuming either that Bitcoin is doomed or that developers will definitely solve everything.
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Today at 03:59:42 PM
 #65


Even the smartest people in the world can be wrong at times. Vitalik Buterin made that statement because he believes that if AI finds a way to attack the Bitcoin blockchain in the future, Ethereum won't be an exception. He said it out of fear, though the expression wasn't on his face at that time.

However, I won't take Vitalik seriously yet because the quantum thread has been the most discussed topic since it shows it can pose a threat. Nowadays, AI is leading the discussion. But I'm sure that before AI becomes a threat to the blockchain, an Anti-AI system will be made to fight against the attack. To every problem there is a solution.
It's a fact that the current concern is the advancement of AI for blockchain, but it's been seen that there are already many codes that keep the blockchain for BTC secure. Quantum technology is undoubtedly the biggest threat, but quantum technology isn't a threat in its early stages, and measures have been in place for some time. Breaking codes in the blockchain is extremely difficult. Even so, it will take years for quantum technology to develop, and by the time there's a very high-generation quantum technology, blockchain will be much more secure with the same technology.

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