3 reasons why Bitcoin price will always increase in the long term?

Bitcoin is a technology currency, unlike anything the world has ever seen. It is simply the algorithm designed so that all parties are encouraged to play by the rules. Up to now, it can be clearly seen that now, bitcoin is one of the greatest opportunities to accumulate wealth for generations to come.

Here are 3 reasons why Bitcoin price will always go up and storing Bitcoin now is a great opportunity for the future. However short term bitcoin is plummeting, you can read the article for more details: Bitcoin money plunges, Crypto investors stand still

1. Fixed and extremely limited supply

Only 21 million bitcoins will ever exist which is probably the most appealing to any investor. It is also the most transparent investment in history because the supply (and every transaction) is publicly verified.

“Bitcoin’s volatility comes from the fact that its supply is completely inflexible and does not respond to changes in demand, because it is programmed to grow at a predetermined rate,” said Saifedean. Ammous writes in his book, The Bitcoin Standard.

In fact, Bitcoin volatility has been steadily decreasing over time as it matures. Furthermore, volatility itself is perhaps even more appealing to traditional traders looking for bigger profits. At the same time, bitcoin price swings become a non-issue for growth value holders due to its limited supply.

“Horrors have been using Bitcoin as a savings account to calculate long-term opportunity costs,” writes Daniel Krawisz of the Nakamoto Institute

Of the 21 million bitcoins, 17 million have been mined and circulated, an estimated 4 million coins have been lost, and the remaining 4 million are mined. As a result, any growth in demand for owning bitcoin will not suffice the supply, which will mean the bitcoin price can only get higher and higher in the long term.

“There is not even enough BTC to distribute to every millionaire in the world,” said Charlie Lee, founder of Litecoin. “So before you buy any other coins (including LTC), try to own at least 1 BTC first.”

2. No one controls Bitcoin

Throughout history, there has always been some entity that forces people to use their money – be it a state, a church or a central bank.

“In a world where everyone is using money that is controlled by the government and money can be printed freely, anyone who owns digital currency will be extremely beneficial,” Ammous explained. 

By successfully solving the common problem of world currency, Bitcoin not only encourages people to save, but also enables a de-monetization system where politicians, central banks or local warlords have no right to touch your property.

Not even the parties involved in maintaining the network have the power to make Bitcoin obey

Do Miners Control Bitcoin? The answer is No. The nodes of the network will still reject any invalid blocks even if the manager controls over 51 percent of the hash.

Are the developers in control? No, because they can't force users to run their open source software.

Are businesses in control? No, because the failure of the New York Agreement is clear evidence that changes cannot be made by a consortium of businesses into bitcoin. Only users running full network nodes (peer to peer) with a full copy of the blockchain can validate transactions and ensure everyone broadcasts according to the network rules.

Of course, there have been many attempts by self-determined “representatives” of Bitcoin to influence the network. However, Bitcoin's neutrality ensures that these entities become irrelevant (e.g. Bitcoin Foundation).

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3. The Lindy Effect with Bitcoin

With each passing day, Bitcoin's immutability only becomes more pronounced as the effect on the Bitcoin network increases.

This means that Bitcoin will continue to be the Internet's reserve currency due to the Lindy effect . It is the concept that the future lifespan of some non-perishable things (like technology or ideas) is directly proportional to their current age so that each challenging period they survive the more proven. I think its possibility of existence is longer

Bitcoin is the first and most tested cryptocurrency in history. It has the highest network hash rate. It died more than 300 times. Still, it's here to stay, alive and well with 99.99% uptime – making it the logical choice for investors to keep their money.

Saifedean Ammous explained: “Bitcoin has proven its strong existence over the course of 10 years, it is hard to have another coin that can replace Bitcoin because it is so new and people need so much. time to believe it:. He also noted that altcoins trying by tweaking “small metrics” in an attempt to improve Bitcoin to popularize their coin means nothing to Bitcoin.

Ammous calls Bitcoin the “perfect storm” because its founder is gone – allowing the software to evolve on its own. Bitcoin is like a child who was thrown into the woods and survived, he explained.

Chances are, when you're one year old thrown into the woods, and you're dead. But if you survive, you will become a giant monster. You will be very strong. You won't be able to stop. Now can't just take another 20 year old city kid into the woods and tell him to spend a few weeks in the woods and then fight you. He's definitely hard to win.

Do you agree that the Bitcoin price will continue to increase in value over time? Share your thoughts below!

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