Quote from: Z-tight on June 24, 2024, 08:39:01 PM

Quote from: Pi-network314159 on June 24, 2024, 08:00:03 PM

It is said that Bitcoin may even fall to zero since it is not controlled by any centralised authority. Bitcoin is controlled by individuals in the node network meaning it is a musticomplex system where the transaction of buying and selling determines the growth of bitcoin.

How many centralized and custodial services have failed, yeah, countless. Ftx was controlled by a central authority and what happened, it was run to zero, to bankruptcy. BTC isn't going to collapse because it isn't controlled by a central authority.

It is even easier for centralized services to collapse because they are controlled a single person or just a few people. Sam Bankman-Fried mismanaged FTX funds by spending it on personal luxurious and political donations. It was possible because he controlled almost all the company's finances. But the Bitcoin network is highly decentralized.

Quote from: SamReomo on June 24, 2024, 09:26:33 PM

Bitcoin's two decades aren't completed yet and still it got some good growth within short time. As compared to other assets Bitcoin has show impressive growth and it will continue to grow no matter what.

I know it's still not possible to accurately predict the future of Bitcoin but from its recent performance most people are convinced now that Bitcoin can grow big in future.

Although, most of us are convinced that Bitcoin is a stable and a growing asset but none of us should be 100% sure that it won't fail. It's the community that can keep it alive and allow it to grow.

Nothing is certain in life this is why everyone involved in Bitcoin shouldn't put all hope on Bitcoin. It is a developing asset hence we should recognize that there is a need for improvement. But I think the main thrust of this thread is to identify how we can support the system because there is a saying that we are all Satoshi. All of us who believe in Bitcoin have some role to play in protecting Bitcoin from attacks. We might not have great influence on how the system is controlled but our little input can make a difference. It could be as simple as keeping our coin in non-custodial wallets, promoting P2P, engaging in Bitcoin awareness, or even advocating for the legalization of Bitcoin in our home country.