At what point do we confirm the long term aspect of a project is guaranteed? - page 3.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

Everyone use to shout and claim that bitcoin and ethereum are the coin of the future. YEAH I accepted that with no arguments. Bitcoin is classify as a store of value. the same way we classify Gold.
My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

I'm not ready to accept that ethereum is for long-term investment. Few years back, people were talking about litecoin in similar manner but now same people are talking about ethereum and in future I'm sure they will talk about some other coin as the future. So, things will change in this altcoin space and you cannot treat any other coin like how you're treating bitcoin.

There might be some good constraints available to conform some projects are for long-term investment but I am always suspecting those things because nothing could compete against bitcoin. If you want good returns for your hard earned capital then you should go only for bitcoin investments.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

Everyone use to shout and claim that bitcoin and ethereum are the coin of the future. YEAH I accepted that with no arguments. Bitcoin is classify as a store of value. the same way we classify Gold.
My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

I would say they are already the coins of the present. What else more do we need than a currency and method of payment that people all over the world are already using? Every day the fundamentals grow.

What is the long-term aspect of Bitcoin? p2p method of payment of digital cash. I feel like this is already achieved.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?

Adoption rate
no inflation after it will have reached the hardcap supply.
Bitcoin was also being accepted by more and more countries as a legal tender. I think that already explained a lot.

Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

When do a long term project becomes successful?

It can be determined when you are starting to see the rapid growth on the community adoption, massive listing, development progress, good news, more support and advertisement from the big name,

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?

This is not an easy question, and it is because we all have different views and expectations for "long term." Now, in my own personal view, maybe when Bitcoin has already been here with us for 20 years that can be the time to see if indeed Bitcoin has achieved the many things it should have and can be classified as something that is here to stay. Right now, I would not still consider Bitcoin to be solidified on its footing as there remains to be big risks and challenges ahead. Still, I am hoping that eventually Bitcoin can be the best store of value and can be adopted by many countries as legal tender.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

Everyone use to shout and claim that bitcoin and ethereum are the coin of the future. YEAH I accepted that with no arguments. Bitcoin is classify as a store of value. the same way we classify Gold.
My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

I don't accept that bitcoin is store of value because it's highly volatile, even if price surge higher today there are many who will take profit and the way crypto market is there will always be ups and down, this isn't 100% store if value truth be told

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

When do a long term project becomes successful?

The term of successful is applicable to altcoins.

Bitcoin is already running for 12 years now and people have been using it without problem. That is the biggest sign of being successful. It also depends on what parameters you consider as success because it is a subjective scale. If you talk about price then I guess a rise in price from 100$ to 60k $ does sound like successful.

Altcoin projects, these have some mission/vision to proceed with. If they are half-baked and just gambling their name in the market to fund themselves then they are not serious about the project. The first few altcoins did have some sort of idea to run and they are successful. But if you are looking for one in this situation that happened post-2016 ICO craze, then you are looking at the wrong place. Your money would find better output in other investments.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

~

Pretty much you already answered your question.
A long-term project becomes successful when it becomes relevant for the upcoming years.
Many long-term projects that becomes just a shitcoin tend to become the short-term project because of the dumps of the investor making the value of the coin go less than a dirt.

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Quote from: tabas on June 27, 2021, 06:19:37 PM

I think bitcoin is already successful because of the huge community that it has and there's already a country that had adopted it as a legal tender.
But that success doesn't end there because there is going to be more use cases and adoption that shall come in the future.

When speaking about Bitcoin, Yes! it established a stronger foundation on the crypto market and a huge root that cannot be easy to remove. however, if we are talking about the other cryptocurrencies then we can consider ETH, XRP, and the other top coins are successful as well since they been there for a long time and they keep developing their project to make their clients and investors satisfied with their decisions. The other coins that are new to the market need to adopt whatever strategy those top coins have done if they want to become successful as well.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

You don't have enough information, real works to assess quality of a team.

What help you to get your assessment?
Time of course, but how long does it take is enough for you?

Four to five years because it is long enough for one project to go through a full cycle of market, bull, bear and bull again. Weak or scam project will die, disappear one or two year after the bull market ends.

Bitcoin has 12 years, Ethereum has 7 years here and they are still active, have new products, upgrades and big communities. Don't believe in new projects I meant that.

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I'm sure there won't be a fixed size for every crypto asset. because everyone has a plan for every asset they own. It's up to whoever wants to save for the long term or short term. because we will never know the success that is meant for everyone, in the long run, is also different. until now most people still place the ATH that is achieved as the focus of a long-term asset. but it is not an absolute for all investments.

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When it comes to long term project like bitcoin which was initially meant to replace our traditional monetary system, it's when the adoption of bitcoin as payment method, or something that's essential in our lives becomes very common, that already making it succesfull, even I already consider bitcoin of today as beyond succesfull, but for a projects that offers product it's when they have many users that I consider them to be succesfull, after all, adoption by the masses is the most important factor to decide whether a project could be alive for long or not.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

Everyone use to shout and claim that bitcoin and ethereum are the coin of the future. YEAH I accepted that with no arguments. Bitcoin is classify as a store of value. the same way we classify Gold.
My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

Isnt it considered achievement and accomplishment? I think we can say its already there as bitcoin has been adopted within and across the globe. I can say that cause you will hear this in any part of the world. Im sure many believe so. In case you didnt know some country make bitcoin legal. Like the El Salvador that makes bitcoin first legal tender. Some countries follow thru and if you checj out the price of btc way back than now then you can say its very succesful now dont you think?

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

Everyone use to shout and claim that bitcoin and ethereum are the coin of the future. YEAH I accepted that with no arguments. Bitcoin is classify as a store of value. the same way we classify Gold.
My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

when mass adoption is already underway. bitcoin is growing today as the adoption rate of btc continues to increase. and if you want to see a successful project, look at its adoption, a successful project always has a real use. without it, the project will not survive.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

Bitcoin is the only coin that proved itself to becomes worth it to invest in a long period of time.
And here is the most characteristics that we must consider before investing.

at very first and most important, it should have a fixed total and circulating supply
Open source code so that there's a trace of developers activities
The price history should have enough length to prove
Community activity that keeps discussing the innovation of the coin
and the last but not least, the true usage of the coin and how it will solve the problem
Truely decentralized, unchanged protocol

AFAIK, only Bitcoin has this aspect.

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I think first we have to define "long term".
Personally, and I know this may not be that popular on this forum but I don't see Bitcoin proving its value (long term) for some time because we have not see enough attacks, or real life events unfold. For example what if one of these global cyber events happens and it renders many peoples Bitcoin investments for a long period of time. Its just a thought.

Short term Bitcoin has proven itself.

I dunno, guess we have to wait and see.

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Quote from: tabas on June 27, 2021, 06:19:37 PM

I think bitcoin is already successful because of the huge community that it has and there's already a country that had adopted it as a legal tender.
But that success doesn't end there because there is going to be more use cases and adoption that shall come in the future.

Yes, a decade has passed and bitcoin is still standing strong.
So for me, bitcoin actually accomplished a lot already and the adoption that we are experiencing today is just the start.
The question of the OP is quite vague though. But I believe, what bitcoin accomplished today is more than what Satoshi was trying to achieve for this invention.
The use case of bitcoin is still growing so the long term aspect in terms of adoption is continuously happening.

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Quote from: LordMiguel on June 27, 2021, 06:01:14 PM

Everyone use to shout and claim that bitcoin and ethereum are the coin of the future. YEAH I accepted that with no arguments. Bitcoin is classify as a store of value. the same way we classify Gold.
My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

You should look at its first year then look at its current state now to know the territory it covers and will continue to cover, those who shouted that Bitcoin is the future ten years ago have what Bitcoin has reached now in their mind, now if at this current time we are going to shout Bitcoin is the future we are thinking of a different scenario, the technology, and the world is evolving, it depends on the time when we preach that Bitcoin is the future.

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I think bitcoin is already successful because of the huge community that it has and there's already a country that had adopted it as a legal tender.
But that success doesn't end there because there is going to be more use cases and adoption that shall come in the future.

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Everyone use to shout and claim that bitcoin and ethereum are the coin of the future. YEAH I accepted that with no arguments. Bitcoin is classify as a store of value. the same way we classify Gold.
My question is, AT WHAT POINT OR DAY DO WE SAY THAT THE LONG TERM ASPECT OF BITCOIN HAS BEEN ACCOMPLISH?
When do a long term project becomes successful?

Topic: At what point do we confirm the long term aspect of a project is guaranteed? - page 3. (Read 298 times)