Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Will always Survive
by
Casdinyard
on 13/05/2024, 14:31:43 UTC
    Bitcoin is recorded as the first and most well known crypto currency in the world.not disputing the fact that there have been so many controversies surrounding it,it is still believed that Bitcoin will always survive and continue to be a leading form of digital currency cutting across the World globally.
   Although there are certain risk factors involved with Bitcoin but it's not been limited by that and most likely will tend to survive and thrive in the future,moreso reasons why Bitcoin will likely survive are thus;

1. Decentralized Nature
2. Security
3. Limited supply
4. Potential adoption.

Decentralized Nature: This means that no single entity such as a government or bank has control over it,and this makes it resistant to corruption or interference by any centralized authorities.

Security: Bitcoin uses cryptography to secure the transactions that happens in the network making it highly resistant to fraud and hacks.

Limited supply:  Bitcoin has a fixed supply of coins of over 21 million that makes it not inflated and scarce like fiat currencies.

Potential adoption:  Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise.
     In conclusion since Bitcoin has survived such attacks from government ,hacks,criticisers, scammers,covid, insurgency etc.bitcoin will still survive in the years to come even if the World war begins and it will do so due to its decentralized Nature,technological advancement and lots more and thus skyrocket to being the leading digital currency.
All these things that are happening to bitcoin improves my confidence towards the crypto industry despite us not having any solid narrative to peg the bull run to at this point. The fact alone that bitcoin is at a stage in its cycle where it's "too big to fail horribly" makes me want to hold on to my cryptocurrencies, cause as with every dead airs in a bull season like in the past few years, there's a very possible chance that we could lose everything, especially when the market makers lose their shit and pull their money out of the industry.

For now, I guess what we could just do is hope and remain confident about the sole fact that bitcoin's too big to lose now, and that there is a good chance we'd stumble upon a market defining narrative soon enough, after all, bull seasons usually go full speed a year after the halving, so we still have ample time to hoard and HODL.

Sidenote: there's nothing potential anymore about bitcoin's adoption, it's not a matter of "How?" anymore but a matter of "When?" for a lot of outside ventures since people are quickly noticing the benefits that bitcoin was able to provide its loyal investors.