Has Bitcoin reached its goal? - page 47.

Red Fire

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Quote from: jongo on April 17, 2018, 06:52:39 AM

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.

Just like what other said for me bitcoin also not totally reached its goal because this is the time that bitcoin is only starting to get what it wants. For us it takes decades or many years to reached its goal.

Raja_Salman

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Quote from: jongo on April 17, 2018, 06:52:39 AM

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 think bitcoin has reached its goal because bitcoin's goal of making its investors gain unachievable profits is a matter of legality in all countries that have not fully acknowledged bitcoin as currency

dillpicklechips

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From this moment bitcoin is too far to reach its goal because bitcoin is starting right now and we all know that bitcoin is in the infancy stage where the process of development and improvement are still on going. I think the right time will come that we can say bitcoin are fully and reach its goal. But now until the bitcoin is limited in some countries and some institution the flow of development will be slowly. Let's wait until world accept the development of currency.

capableuwa1

copper member

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One of its aim i think is to be universally accepted across the Globe. Don't be surprise that someday Bitcoin will be used as mode of payments for football player's transfer and weekly wages. This will definitely then draw a lot of attention and Pleases every crypto enthusiasts for Bitcoin to be allowed everywhere we go and once this is done it will give more values to other altcoins. Let's hope for the best as Bitcoin still have more goals to achieve.

Coleth

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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. Maybe the goal is still in the future, it will still take so much time.

iotarocket

newbie

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Bitcoin has a ways to go before achieving its goal of being an alternative to fiat currencies issued by central banks. Unlike fiat currencies bitcoin cannot be printed at whim. The main hurdle right now is scaling, which within the next year or two will be overcome.

SingAlong

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Bitcoin is in the infancy stage I dont think that bitcoin truly reached its goal. There are many things that bitcoin needs to develop and improve. Maybe right now, we can see how bitcoin become popular and in demand in this generation but still there are some drawbacks and disadvantage that bitcoin has that's why other countries still not accepting it.

DainSLane

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Bitcoin is not yet reached its goal it is still too far at this moment maybe in one decade bitcoin will reached it but some other country still not yet accepting bitcoin as a currency, the users of the bitcoin in the whole world still limited that is why the flow of bitcoin is not too fast.

wahyu.prist

newbie

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Bitcoin is still very young and needs to grow and still needs the support of all parties before it can fulfill its destiny into a form or a medium of exchange in buying goods and services in any community. Currently there are still some users in the world and most of the large whale-eating bitcoin. As long as bitcoin is not distributed to the mass and is not used in daily activities in life, the bitcoin has not yet reached its full potential. Remember it's not about bitcoin prices but about the goals expected by all parties. Thanks

dlhezter

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Quote from: money_amount on July 06, 2018, 10:14:35 AM

Quote from: HSRP on July 06, 2018, 09:54:48 AM

Quote from: Lx2018 on July 06, 2018, 07:18:52 AM

It's troublesome for Bitcoin to achieve its goals. There are a lot of wants for Bitcoin's improvement in this year, anyway, we're sitting tight for it. Various Bitcoin money related pros are feeling to a great degree debilitated. I envision that if the Cryptocurrency publicize is hazy however become greater, there will be a lot of vendors offering Bitcoin. Desire this won't happen.

Despite the many difficulties for Bitcoin and the entire cryptocurrency market earlier this year, I believe the rest of 2018 is the time when Bitcoin is growing again. I hope that Bitcoin can reach over $ 25k this year to start the year 2019 boom of the entire cryptocurrency market.

I think bitcoin can only reach 15k by the end of 2018. but it will be high in 2019. 2018 is the phenomenon of market decline so it is difficult to achieve the 25k mark.

I agree, i think bitcoin has no specific goal, but they are aiming for the development of the currency, it is their duty to improve its value by advertising it and giving the community an opportunity to have some profit using their currency.

jenyaret

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Bitcoin has not yet reached the bottom , it is not yet below the production price on the planet, the market needs to make a deficit of bitcoin production that he began to grow . All small miners will leave with time they will not be profitable and then when there is a minimum number of miners will be growth .

karagun125

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i think bitcoin has not yet reached its goals and vission.

Vart4varta

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The amount is limited, therefore, to support the growth of the world economy, bitcoin will not be able, as gold could not. If the currency becomes more expensive by itself, then it makes no sense to engage in any business, you can just sit and watch how it deflates => the real economy is facing a deflationary collapse. Bitcoin in this sense is similar to gold, except for two things: the lack of tradition and in general of some intrinsic value. Gold, even in industry is used in jewelry, and bitcoin in general is a pure abstraction.

Ph0en1x5

newbie

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Bitcoin will grow when the whole world absolutely begins to use it in everyday life, up to the purchase of products in the store. It would not hurt to stock up on a small number of tokens and forget about them for a while. Roll Eyes

sheyicrypto

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not yet because many ground are yet uncovered because many obstacles and hindrances has been on their ways . they have been trying to overcome and they are really progressing in life, with diligent they will achieve that

P60

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Quote from: team87 on July 06, 2018, 03:15:42 PM

I think bitcoin has not fully achieved its purpose.
there is still a long time to this. it is seen at a price that is still up and down, far from stable. seems still midway through the journey. and I always follow.

Same with my thoughts, I do not think Bitcoin has already achieved its goals; there are still hopes regarding the price of Bitcoin; I think it will be achieved a year from now.

Bugatti73

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Quote from: muneeb.zain on July 06, 2018, 04:16:10 PM

Bitcoin has not yet reached to the goal,bitcoin has now to travel a lot to reach its final destination but it will definitely reach to its goal with the passage of time and with the slow speed.As we all know the story of the Hare and the Tortoise the Hare run fast in the beginning but in the ending the tortoise wins.Same as with the bitcoin other coins may beat bitcoin in the beginning but at the the bitcoin will on the top of all.

Agree with your opinion! But some people dont understand that bitcoin is reallu long - term investment, not short term!

muneeb.zain

newbie

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Bitcoin has not yet reached to the goal,bitcoin has now to travel a lot to reach its final destination but it will definitely reach to its goal with the passage of time and with the slow speed.As we all know the story of the Hare and the Tortoise the Hare run fast in the beginning but in the ending the tortoise wins.Same as with the bitcoin other coins may beat bitcoin in the beginning but at the the bitcoin will on the top of all.

team87

jr. member

Activity: 336

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I think bitcoin has not fully achieved its purpose.
there is still a long time to this. it is seen at a price that is still up and down, far from stable. seems still midway through the journey. and I always follow.

salahfycl

full member

Activity: 189

Merit: 100

https://eloncity.io/

in my opinion bitcoin has not yet reached its goal is just in its infancy years, as it has not legally or widely accepted .

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