Why do more and more people choose to believe in Bitcoin?

In this era of information explosion, Bitcoin, as a digital currency, is gradually entering the vision of more people. Many people choose to believe in Bitcoin when facing various challenges of the traditional financial system. What are the reasons behind this? How reliable is Bitcoin? These questions are not only about investment, but also involve everyone's understanding and judgment of future economic development. This article will explore the various factors that make Bitcoin attractive and its reliability as an asset.

First of all, the decentralized nature of Bitcoin is one of the important reasons why it attracts many believers. Compared with traditional forms of currency, Bitcoin does not rely on the issuance and management of a central bank or government. This decentralized nature makes the value of Bitcoin less susceptible to interference from a single economy. For example, in some politically turbulent countries, the government may respond to economic crises by devaluing its currency, and Bitcoin provides people with a safe asset that is not manipulated by the government. In fact, many investors from Venezuela and Argentina have turned to Bitcoin to protect their wealth due to the severe devaluation of their national currencies.

In addition, the limited supply of Bitcoin is also an important factor in its appeal. The total amount of Bitcoin is fixed at 21 million, which means that no more new Bitcoins will be created in the future. This scarcity makes Bitcoin regarded as "digital gold" in the eyes of many people. In economics, scarcity is usually proportional to value, which is why more and more people are beginning to regard Bitcoin as an inflation-resistant investment option. In contrast, the unlimited issuance of traditional currencies often leads to inflation, which erodes people's wealth. Therefore, when facing an uncertain economic environment, many investors choose to allocate part of their assets to Bitcoin to hedge against inflation risks.

Furthermore, the rapid development of science and technology has provided an important foundation for the popularization of Bitcoin. In recent years, the continuous advancement of blockchain technology has made Bitcoin transactions safer and more efficient. As the underlying technology of Bitcoin, blockchain ensures that every transaction can be transparently recorded in the ledger and can be accessed by anyone at any time. This transparency has greatly enhanced people's trust in Bitcoin. At the same time, the emergence of various trading platforms has made the buying and selling of Bitcoin more convenient and lowered the threshold for ordinary investors to participate. For example, the rise of exchanges such as Coinbase and Binance has enabled more people to easily buy and trade Bitcoin, further promoting its acceptance among the public.

Of course, there is another important psychological factor behind trusting Bitcoin, which is dissatisfaction with the traditional financial system. After experiencing the global financial crisis in 2008, many people's trust in banks and financial institutions has dropped significantly, believing that they only care about their own interests during the crisis and ignore the rights and interests of ordinary people. The emergence of Bitcoin just caters to people's desire for "disintermediation". Many investors hope to get rid of their dependence on the traditional financial system and seek a more free and transparent way of wealth management through Bitcoin, an emerging form of currency.

Although Bitcoin has many attractive features, its reliability is still controversial. First of all, the price of Bitcoin fluctuates greatly, and the investment risk cannot be ignored. According to historical data, the price of Bitcoin has experienced thousands of dollars of fluctuations in just a few days. This drastic fluctuation makes it difficult for many investors to bear. Take 2017 as an example. The price of Bitcoin soared from a few thousand dollars to nearly 20,000 US dollars in just a few months, and then quickly fell back. Many people suffered huge losses in the process. Therefore, investing in Bitcoin requires not only good market judgment, but also a certain risk tolerance.

Secondly, the security of Bitcoin should not be underestimated. Although blockchain technology itself has strong security, the storage and transaction process of Bitcoin may still be attacked by hackers. Many Bitcoin exchanges have suffered large-scale hacker attacks, resulting in the theft of users' assets. For example, in 2014, Japan's Mt. Gox exchange lost about 850,000 Bitcoins due to hacker attacks, which triggered widespread doubts about the security of Bitcoin. In this case, investors must carefully choose trading platforms and take effective security measures to ensure the safety of their assets.

Finally, although Bitcoin has been recognized in some countries and regions, its legal status is still uncertain. Many countries are cautious about Bitcoin when formulating relevant laws and regulations. Some countries even choose to ban the trading and use of Bitcoin, which limits the globalization of Bitcoin. Therefore, when investors trade Bitcoin, they need to pay attention to the laws and regulations of the country where they are located to avoid losses caused by policy changes.

After comprehensively considering the advantages and disadvantages of Bitcoin, it can be seen that its reliability as an emerging asset is not static. Whether it is trust in Bitcoin or judgment on its future development, investors need to keep a clear mind and conduct comprehensive analysis and evaluation. Bitcoin has attracted more and more investors, and behind it is not only the desire for wealth appreciation, but also the exploration and thinking of the future economic form.

Whether Bitcoin can truly become a mainstream currency in the future remains an open question. As technology continues to develop and society progresses, Bitcoin and the blockchain technology behind it are also evolving. Perhaps in the near future, we will see Bitcoin play a role in a wider range of areas, and may even change the way people consume and invest.

In short, the reason behind choosing to believe in Bitcoin is both recognition of its potential value and dissatisfaction with the traditional financial system. Bitcoin's decentralization, limited supply, and technological advancement make it the representative of "future currency" in many people's minds. However, when choosing Bitcoin, investors still need to remain rational and fully understand its risks and challenges. The future financial world may become more diverse and complex due to the existence of Bitcoin, but in any case, maintaining market sensitivity and reasonable allocation of one's own assets is always the basic quality that every investor should have.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Why do so many people choose to trust Bitcoin? Is Bitcoin reliable? Most of the trust in Bitcoin comes from the fact that it does not require any trust at all. Bitcoin is completely open source and decentralized, which means that anyone can view the entire source code at any time. So any developer in the world can accurately verify how Bitcoin works. Anyone can check all existing Bitcoin transactions and issued Bitcoins at a glance in real time. All payments do not rely on third parties, and the entire system is protected by a large number of expert-reviewed cryptographic algorithms, such as those used for online banking. No organization or individual can control Bitcoin, and the Bitcoin network is still secure even if not all users are trustworthy.
First of all, it should be made clear that Bitcoin is limited and cannot be counterfeited. In other words, even if Bitcoin is worthless, it is not because it is a fake. The fact that it cannot be counterfeited and is limited in number gives people a basic sense of trust in Bitcoin. Secondly, Bitcoin is circulated almost all over the world. As long as there is a computer, even a mobile phone, as long as it can be connected to the Internet, Bitcoin can be circulated there.
Our world is very extreme. We always inadvertently divide people, things, and even ideologies into different categories. Some people think that all those who advocate Bitcoin are liberals, and that these people have no sense of belonging and no sense of collectiveness. But is this true? I admit that I am a real democrat. I very much recognize the Western system of separation of powers. I think that Obama's coming to power was a great leap forward in democratic politics, and I also hate Kingsoft's tyranny. After reading "Currency Wars", I realized that the role of the Federal Reserve should not be underestimated. The problem of the US economy is inflation on the surface, but in fact it is a riddle of holes in this modern financial system. The real reasons are more than these. These inside stories cannot be recognized. Who can know how much the government's debt is?
Many early Bitcoiners were geeks, but remember that almost every key advancement in computer history was driven by geeks in the early days. The first PC was introduced in the 1960s.
The original promoters of the open source software movement were those who believed that software should be freely available to everyone, and the early promoters of collaborative systems such as blogs and Wikipedia hoped to decentralize the generation and distribution of information. This is not a coincidence. The reason why large-scale technological changes rely on participants who are not doing things for money in the early stages is that commercial players usually lag behind for several years before joining this wave. Bitcoin has already entered this era of commercial manipulation.
There are still many places in the world that lack a sound financial infrastructure and system, and banks and Alipay have no way to enter, but Bitcoin is very popular there. It may also be because of years of war that the local legal currency has depreciated seriously due to the lack of strong government credit endorsement. Bitcoin can be used as a universal currency to provide convenience and support for people's lives. It is undeniable that the current efficiency of Bitcoin in transaction confirmation cannot be compared with banks and Alipay, but if the Lightning Network can be successfully introduced in the future, it is still worth looking forward to.