Topic: Has Bitcoin reached its goal? - page 16. (Read 5995 times)
If Bitcoin goal is to change fiat currency, as of now has not reach its goal, for the fact that some other countries ban Bitcoin so how can Bitcoin invade the world if there arevplace who rejected it
Nowadays, it is difficult for anyone to know exactly what is the purpose of BTC, everyone involved in BTC just for speculation to make profit, we do not think much about the use of BTC.
The primary goal of Bitcoin was to provide the people a mode of payment that will remove all layers in between, thus the peer-to-peer system.., I believe that with our efforts now as well as the policies of some countries accept Bitcoin will be a big step to achieving the goal.
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
What do you think? I'd love to hear from some crytpo veterans.
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I`m sure it`s not the top of iceberg, bitcoin will change all or disappear forever What do you think? I'd love to hear from some crytpo veterans.
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I do not think that bitcoin really reached it's goals because we know that until now that bitcoin is not fully accepted by all the country , and for me bitcoin will just reach there goals if almost all goverment will accept bitcoin and when bitcoin can also be used as our alternative currency. What do you think? I'd love to hear from some crytpo veterans.
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
What do you think? I'd love to hear from some crytpo veterans.
Bitcoin goal is to become a peer to peer payment model. For now, it is partially reaching the goal because some peoples use it for buying something. But most peoples use bitcoin as a speculative asset to hold
I see the main purpose of bitcoin is to become a world currency that is valid as a legal payment instrument throughout the world, so bitcoin is the first cryptocurrency to become the world currency. The purpose began to be seen soon to be achieved, because currently bitcoin is trusted by many people around the world, and has been used for several transactions in a particular company. So that bitcoin will slowly become the world currency, and that is the main goal of bitcoin for me, so now I see that bitcoin has not achieved its goal, but that goal I see will soon be achieved by bitcoin.
Bitcoin goal will reach soon. It's getting possible now that there are companies that starts accepting bitcoin as mode of payment. Governments are not legalizing bitcoin, but they do recognize bitcoin. Maybe it will be legalized soon. We'll hope for it.
It will be quite hard given the fact that there will be only 21 million Bitcoins ever and at least a million of them is already out of cirrculation due to lost privkeys etc.
It doesn't really matter much if that much has been lost because 1 bitcoin can be separated into smaller units. Bitcoin doesn't have to be completely 21 million in numbers to be able to accommodate everyone in the world. The decrease of bitcoin in circulation actually kinda helps for the price increase of bitcoin since it will be more volatile. How do you really know that, Bitcoin would hit 250000$ at year 2022. 
There really is no way to know what will be the price of bitcoin at a certain time in the future so anyone who claims anything like this is basically just guessing that's why I never really trusted speculations although it's sometimes fun to hear their "explanations". I want to respond to your thread title about the purpose of creating bitcoin, I think the purpose of creating bitcoin to date has not been achieved because satoshi assumes that a good currency is not controlled by the government or central bank. As long as bitcoin is still a tool of investment without in use as a means of payment , bitcoin has not reached its destination. 
You can use it as a way to pay but only for digital transactions. Transactions IRL are mostly paid with fiat money which you can buy with your bitcoins. So indirectly you're buying things with bitcoins. It will take a long time before we can directly use it. Bitcoin's main goal is to become a world currency. but that is impossible with the reason that the limited amount of bitcoin is only 21,000,000 in the world.
where might divide 21,000,000 bitcoins for the whole world. it won't be enough.
bitcoin is more suitable as an investment asset.
1 bitcoin can be divided in much smaller units. It's not like we're supposed to have 1 whole bitcoin, 2 whole bitcoins.where might divide 21,000,000 bitcoins for the whole world. it won't be enough.
bitcoin is more suitable as an investment asset.
It grows because of the HYIP and no more,this is the problem and the demand will fall and bitcoin will not be needed, there are many altcoins that are more profitable than bitcoin .
Don't be crazy. Altcoins are only profitable in the short term. Altcoins die right away. Once the majority of the bounty hunters have dumped the coin, it's very unlikely that the coin will have anymore future. As you can see, most altcoins don't really have a future anymore. It's profitable only if you're lucky enough to dump before everyone else. Otherwise, you'd be losing money. I'd put my money in bitcoins instead and just wait out a couple of months. It's a lot less risky than holding an altcoin only to find out the next morning that the devs are already gone and everyone has already sold their coins and your money is basically gone. 
I see the main purpose of bitcoin is to become a world currency that is valid as a legal payment instrument throughout the world, so bitcoin is the first cryptocurrency to become the world currency. The purpose began to be seen soon to be achieved, because currently bitcoin is trusted by many people around the world, and has been used for several transactions in a particular company. So that bitcoin will slowly become the world currency, and that is the main goal of bitcoin for me, so now I see that bitcoin has not achieved its goal, but that goal I see will soon be achieved by bitcoin.
No there are still plenty of rooms for bitcoin to grow like the system still has to be develop and looking towards on how it will be used. As we all know that cryptocurrency or bitcoin is one of an advance innovation that could change the world for good especially in terms of digital form of currency.
Let me add my opinion, well i gues the bitcoin will reach its goal in the future because there are many invented that some company want to involve or connect to the world of blockchain technology, i guess this was a sign of all people will be attract to use it.
I'm sure the bitcoin will multiply! But to become a currency of exchange in many countries is very difficult
No, bitcoin still dont get its main goal even if we are not talking about its price.
Many people still have no idea about what it is and I think its goal is to be used by all people in the world.
It will be quite hard given the fact that there will be only 21 million Bitcoins ever and at least a million of them is already out of cirrculation due to lost privkeys etc. Many people still have no idea about what it is and I think its goal is to be used by all people in the world.
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
Yet while we are not paying for the goods and services with our bitcoin directly I think that the goal of Bitcoin is not reached yet, but we are heading towards it, indeed we are. Day-to-day. What do you think? I'd love to hear from some crytpo veterans.
In whatever angle you want to view it from, Bitcoin is not there yet. But its closer than anticipated, especially since the banks is speculated to imbibing crypto. That will lead to a sky-rocketting increase in mass adoption and more products, organisations, companies and even government will buy into it. At that poin I will say Bitcoin has reached its goal.
In my country bitcoin still does not get legal as a currency exchange.
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
What do you think? I'd love to hear from some crytpo veterans.
There are a lot of thoughts that I've heard about Bitcoin. Yes, it has limitations but as an alternative inflationary government fiat currencies is not its goal. Bitcoin have a lot of power as a tool to change the future for exchanging, earning or investing money but as what the Bitcoin just have it could not suffice the demands of the human population.
As what professional and billionaires said, cryptocurrencies is such a crazy act of letting yourself to invest and dwell yourself to it because as what I said that it would not suffice everyone's demands in money.
I think bitcoin hasn't reached its goal, because the purpose of life in bitcoin is still long, so I think now, bitcoin hasn't reached its goal.
Not yet as of now, as to how I see it now bitcoin's goal is to penetrate the financial institution of each country and be able to transition from fiat currency to digital or crypto currency. Government is not yet acknowledging bitcoin as a legal tender of currency though yes we see the some merchant are already accepting bitcoin for payment. It still have a long way to go but the future is looking good honestly for bitcoin.
Jump to: