Pages:
Author

Topic: Has Bitcoin reached its goal? - page 64. (Read 5995 times)

jr. member
Activity: 266
Merit: 1
June 08, 2018, 07:02:01 PM
Yes bitcoin apparently has been diverted from its original goal which is a decentralized currency into an investment material just like gold. In my simple understanding, bitcoin was created to be like fiat currency only decentralized but due to its popularity and high exchange price many people began treating it like gold. In the end I believe that it will eventually serve its original purpose.
full member
Activity: 448
Merit: 100
Virtual Assistant | Remote Admin Support
June 08, 2018, 06:59:15 PM
In my personal opinion bitcoin gone a long way through the years of its existence, from a humble $100 to almost $20000 last year. Bitcoin still has a lot of potential to grow in the future so I think it still didnt reach its goal.
jr. member
Activity: 168
Merit: 2
June 08, 2018, 06:56:24 PM
not until the goal gan. both in terms of price or and terms received in all countries if bitcoin is valid as digital money. feasible to use as a transaction tool such as banknotes
sr. member
Activity: 476
Merit: 250
June 08, 2018, 06:56:09 PM
I do believe that btc has gotten far more from its goal because it is treated as an asset right now rather than a currency, only some of the firms own the minning pools which makes it centralized and which take control of the price of it.
newbie
Activity: 281
Merit: 0
June 08, 2018, 06:52:11 PM
      I don't think that the goal of bitcoin is to replace fiat currency or even become an alternative inflationary government fiat currencies. Bitcoin was made as decentralized digital currency and not as fiat currency. It was not controlled by the government that's why it is not a legitimate currency that is issued by the government. It was designed as a digital investment and i think bitcoin not yet reach it's goal. The  value of bitcoin is rely on the market demand. All we have is just an speculation but the truth only the time can tell the future of bitcoin.
jr. member
Activity: 202
Merit: 1
June 08, 2018, 06:49:23 PM
bitcoin has not reached its destination. gan because the purpose of bitcoin is bitcon in use as a digital currency received by all countries .
newbie
Activity: 224
Merit: 0
June 08, 2018, 06:49:07 PM
Cryptocurrency adoption globally is still very poor,only a tiny portion of the world's population uses crypto.There are only about 24 Million active bitcoin wallet for the world's 7 billion people.That means it has a long way to go in becoming a global means for transfering value or as a currency.
full member
Activity: 812
Merit: 114
June 08, 2018, 06:48:14 PM
I don't think bitcoin reached its goal, and Even I don't know what the purpose of the bitcoin is. I searched on the google, but different websites gave me different pieces of information. Bitcoin reached almost 20K USD, And it is now under 8K USD, I Don't think there has any price milestone as a goal of bitcoin. In my think, If bitcoin will accept the world and if everybody trust on bitcoin then that will be a success for bitcoin.
newbie
Activity: 53
Merit: 0
June 08, 2018, 06:44:03 PM
we do not think Bitcoin has achieved a real goal, because the currency is supposed to be the world's currency, because where everyone can have or any material expenditure, adoption rates are now dropping very low, and government agencies continue to block adoption, and Bitcoin's own features are still lacking or not yet ready, speed and cost are still unstable and inconvenient, so we think it needs more to adopt the technology.
jr. member
Activity: 210
Merit: 1
June 08, 2018, 06:36:13 PM
I think bitcoins is very popular and profitable, it’s believed purposes are very heavy
and are considered to some as goals and standards in the market. Bitcoin will never
replace fiat, I think people misunderstood the concept of bitcoins in that gray area.
BTC is not here to replace anything, it’s a big solution to transaction stuff. As to it’s
other defining goals, I think it’s going there and is still on the process. Being that big,
massive and influential is a goal that’s worth recognizing with Bitcoins. It still has
plenty to offer.
full member
Activity: 378
Merit: 108
June 08, 2018, 06:20:54 PM
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.




Not really think bitcoin has reach it goal, because the may reason why bitcoin was created has not been achieved, according to my understanding bitcoin was created to help the less privilege move on,  but no does less privileged can't even access bitcoin.
So before bitcoin can reach it go it most achieve it missions.
newbie
Activity: 115
Merit: 0
June 08, 2018, 05:27:45 PM
I think bitcoin still not reached its goal after one decade because of more people still not know what bitcoin is. Also, bitcoin is not accepted in another place because of government issues. Bitcoin is not a legitimate currency that can't accept in different countries, but all in all, for me bitcoin is very powerful coins ever.
newbie
Activity: 198
Merit: 0
June 08, 2018, 04:46:06 PM
Bitcoin cannot reach it goal at a particular time because the aim is to be a mainstay use, continuous usage and acceptance for purchase of goods and services, so from my view I see bitcoin as a continuous process
newbie
Activity: 322
Merit: 0
June 08, 2018, 04:44:31 PM
for now if I think bitcoin has not reached its destination, because bitcoin is still the stage of development. Still many people still do not know about what bitcoin is and I think the goal is to be used by everyone in the world.
Totally agree with you, I think that very few people know about bitcoin. Even fewer people use bitcoin. I think that when entering lightning, everything will change.
sr. member
Activity: 560
Merit: 250
June 08, 2018, 04:41:57 PM
in my opinion bitcoin has not reached its goal. The main purpose of bitcoin is to provide people with a fast, easy, and transparent mode of payment. But that's all just some of the goals that are fulfilled. It is very difficult to achieve its goal because bitcoin is still illegal in some countries.

Things are still be changed from the meaning and function of Bitcoin to everyone in this world, because everyone just thinks Bitcoin just as a profit-making investment.
full member
Activity: 658
Merit: 108
June 08, 2018, 04:38:12 PM
in my opinion bitcoin has not reached its goal. The main purpose of bitcoin is to provide people with a fast, easy, and transparent mode of payment. But that's all just some of the goals that are fulfilled. It is very difficult to achieve its goal because bitcoin is still illegal in some countries.

I agree that bitcoin has not reached its main goal. But I am very positive about the future. Bitcoin has been created for peer to peer transactions. It takes a long time to replace the traditional payment systems and it's normal. Till now bitcoin has become more popular and It's great. There is no authority or media advertising bitcoin. So it takes a long time.
newbie
Activity: 303
Merit: 0
June 08, 2018, 03:16:31 PM
Bitcoin has not even done 1% of its value and i know as time goals on people will notice the potentials of Bitcoin and altcoin
full member
Activity: 307
Merit: 101
June 08, 2018, 03:16:01 PM
in my opinion bitcoin has not reached its goal. The main purpose of bitcoin is to provide people with a fast, easy, and transparent mode of payment. But that's all just some of the goals that are fulfilled. It is very difficult to achieve its goal because bitcoin is still illegal in some countries.
member
Activity: 238
Merit: 10
June 08, 2018, 02:54:50 PM
Although the main purpose of bitcoin consists in dispersing the power of money, the inherent tendencies of monopolization inherent in capitalism compel some market players to accumulate computer resources sufficient to seize the control of the network and turn a reliable dispersed system into a controlled by a few institutions pursuing their own interests.
newbie
Activity: 192
Merit: 0
June 08, 2018, 02:25:04 PM
for now if I think bitcoin has not reached its destination, because bitcoin is still the stage of development. Still many people still do not know about what bitcoin is and I think the goal is to be used by everyone in the world.
Pages:
Jump to: