Original archived Re: Can Bitcoin Succeed Without Mass Adoption?
Scraped on 19/04/2025, 18:41:23 UTC
But here’s the challenge: Bitcoin can’t compete with fiat for everyday transactions yet. So how do we bridge that gap?
Bitcoin wasn't designed to compete with fiat for everyday transactions, but it was designed to compliment transactions in a fast, reliable and unique manner that exclude the influence of third party involvement in it's transactions. Hence, Bitcoin is ought to be used in transactions where we intend to remain anonymous, while fiat continues to be used for our everyday transactions.
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So if someone doubts Bitcoin’s future over these concerns, how do you convince them it’s here to stay and grow?
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The best way to convince such people who have doubt about the future of Bitcoin, due to how whales holders and corporations could dominate supply and manipulate the market is the buy the amount they can always afford to lose, and not invest all their hard earned money in Bitcoin with the whole intention that it's price will always skyrocket and not fall.