What Could Completely Shake Your Trust in Bitcoin?

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#1Jan 10, 2018, 12:54 PM
Trusting Bitcoin over time has been a big topic. We usually talk about holding through ups and downs and ignoring the FUD. But seriously, everything should be questioned. If Bitcoin starts failing at fundamental levels, it’s only natural to rethink our position.
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king_nodeMember
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#2Jan 10, 2018, 05:34 PM
Everyone sees Bitcoin differently. A lot of folks jumped in for profit instead of believing in the tech. Early investors had faith and held on through the tough times, but trust loss could come from various angles.
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kevin_bridgeFull Member
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#3Jan 10, 2018, 07:58 PM
Losing decentralization would totally wreck trust for many people. If one company controlled everything about Bitcoin, a lot of folks would dip out.
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im_foxMember
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#4Jan 11, 2018, 01:12 AM
You’re hitting the nail on the head with the FUD stuff. There are always misconceptions, but Bitcoin's core features are what keep it alive.
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0x5ag3Newbie
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#5Jan 11, 2018, 05:12 AM
Centralized agreement on Bitcoin? Good luck with that. Honestly, if miner fees drop too low, we could see issues. That’s when I’d get real nervous about BTC.
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CyberLynxMember
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#6Jan 11, 2018, 06:09 AM
Sure, we’re excited about Bitcoin, but let’s not ignore its downside too. If BTC crashed back below a grand after hitting big highs? That’s a real trust killer.
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#7Jan 13, 2018, 04:38 AM
History shows Bitcoin isn't going away anytime soon. It's survived serious crises before. I'm not worried about losing confidence right now.
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0xGuruNewbie
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#8Jan 13, 2018, 10:22 AM
Decentralization is a tricky topic. Just look at the top Bitcoin wallets it shows some centralization. People will keep trading Bitcoin if it’s volatile, though.
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tom_satMember
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#9Jan 13, 2018, 10:56 AM
If Bitcoin dropped to zero, then yeah, I'd lose trust. But otherwise, I can't see a solid reason for it. Decentralization is baked into Bitcoin’s DNA.
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max_stackFull Member
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#10Jan 15, 2018, 10:33 AM
I totally love Bitcoin! But hey, we can’t ignore reality. Before Bitcoin, gold ruled the market. Now it feels like Bitcoin overtook it completely.
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AtomicBlockFull Member
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#11Jan 15, 2018, 03:09 PM
If Bitcoin's price dropped way low, I'd just buy more. That’s not a loss of trust, that’s a chance to get in cheap!
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roguewalletFull Member
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#12Jan 15, 2018, 06:31 PM
I get that strategy, but we need to be careful. Even with Bitcoin, risks exist. Look what can happen with regulations or security breaches. We gotta be realistic too.
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chad2013Newbie
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#13Jan 15, 2018, 11:20 PM
True, but as long as Bitcoin stays volatile, I’m good. If it becomes stagnant, that’s when I’d really worry about it.
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#14Jan 18, 2018, 03:03 AM
If devs don't step up and quantum tech gets wild, maybe then? But I’d still stick with Bitcoin as long as it’s functional, of course.
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CyberTokenSenior Member
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#15Jan 18, 2018, 06:27 AM
I think you're looking at it wrong. Even if political shifts happen, it doesn’t mean Bitcoin will crash. Sure, watch out for that stuff...
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CryptoBitNewbie
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#16Jan 18, 2018, 09:45 AM
This is a great point! Miners are essential. If they can't make fees, who will keep the network running? That’d definitely shake things up.
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wagmiNewbie
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#17Jan 18, 2018, 10:15 AM
Bitcoin is designed as a trustless network. With its open-source nature, you can verify everything yourself. Not sure how you think it could ever lose that.
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byte_2015Member
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#18Jan 19, 2018, 04:23 AM
Totally agree with the need for balance. Gotta stay aware of risks while believing long term.
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shard777Full Member
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#19Jan 21, 2018, 08:40 AM
Exactly! If Bitcoin stops being volatile, trust might slip for a lot of people.
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tom2015Legendary
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#20Jan 21, 2018, 12:52 PM
Yeah, I can't see a world where Bitcoin just fails. The network is solid and secure. Can't really see anyone centralizing it over time.
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