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Topic: Has Bitcoin reached its goal? - page 73. (Read 5995 times)

newbie
Activity: 112
Merit: 0
June 03, 2018, 09:16:49 PM
It is hard for Bitcoin to achieve its goals. There are a lot of expectations for Bitcoin's growth in 2018 but that has not happened yet. Many Bitcoin investors are feeling really depressed. I think that if the Cryptocurrency market is uncertain and develops sluggishly, there will be a lot of sellers selling Bitcoin. Hope this will not happen.
newbie
Activity: 71
Merit: 0
May 22, 2018, 04:15:35 AM
Bitcoin has never reach it goal, it still have a long way to go, I'm sure it'll be later legalized through the world.
newbie
Activity: 122
Merit: 0
May 21, 2018, 09:25:01 AM
I really don't think that it has reached its goal or not but it makes itself more acceptable and permanent.After that striking forecast in late November 2017, the cost of Bitcoin soared to almost $20,000 just to rapidly lose about a large portion of that esteem.But There's also quite a few people who believe that Bitcoin will go to zero.




I think the Bitcoin Struggle is long enough to be a legitimate currency all over the world. as Bitcoiner I hope, more countries will be able to accept the existence of Bitcoin, and make Bitcoin this a legitimate currency. so I'm sure, Bitcoin prices will increase. and the more profits the Bitcoin players can make.
in my opinion is still far away, Bitcoin can not be accepted by many people. there are only a few countries that have accepted Bitcoin as a valid payment instrument.
full member
Activity: 378
Merit: 100
May 21, 2018, 09:23:24 AM
I think bitcoin is still far from its main goal of giving the ''financial power to the people''. A lot of manipulations is still going on by whales, institutions and their likes, adoption is still not at the level we are hoping for it to really go mainstream. For me i think until bitcoin completely replaces banks or becomes a major part of the current banking system, the goal of achieving bitcoin goal is not near.
With main goal by succeeding to replace bank power seems need more long time. Really, I see now that Bitcoin has become mainstream and has appeared in several discussions such as in the discussion of Bitcoin at last G20 Summit 2018, Bitcoin certainly has attracted much attention of the world. It has enough giving message to all people that Bitcoin has reaching that it's minimum goal.
sr. member
Activity: 672
Merit: 250
May 21, 2018, 09:19:20 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.




If you are referring to the technology, blockchain has been proven a solid potentiality to the public, But, looking to the future of cryptocurrency, perhaps it is not done yet, there are to much potentiality and adoption to be made. Given the opportunity, goals are made to be exceeded, until you reach the line and draw another for the benefits of the people.
jr. member
Activity: 206
Merit: 2
May 21, 2018, 09:17:37 AM
i think NO but bitcoin changed a lot of things and gave us a path now we should make this path greater .
legendary
Activity: 3374
Merit: 1824
May 21, 2018, 09:10:28 AM
bitcoin still has not reached its destination.
because of the purpose of bitcoin.
1. accepted by all countries in the world.
2. bitcoin is used as a transaction tool such as banknotes.
3. bitcoin also not yet reached the price ever reached in the previous year as at the end of December year 2017 yesterday .

Well, in my opinion
-bitcoin can't become official and main currency in any country, only legal alternative (because no bank, no regulations and other legal reasons).
- again, I don't think that financial institutions, banks etc. will use btc as transactions.
- about price it's very difficult to predict anything, future will show us.

newbie
Activity: 160
Merit: 0
May 21, 2018, 09:06:57 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.





Oh yes it is definitely already considered a hedge over FIAT just like gold. As for the price growth i disagree it still has many problems and with emerging alts it could even drop in price let alone increase.
newbie
Activity: 117
Merit: 0
May 21, 2018, 09:03:54 AM
I really don't think that it has reached its goal or not but it makes itself more acceptable and permanent.After that striking forecast in late November 2017, the cost of Bitcoin soared to almost $20,000 just to rapidly lose about a large portion of that esteem.But There's also quite a few people who believe that Bitcoin will go to zero.



I think Bitcoin also has a price target, set by people and I think it is about 1,000,000 $. It does not have to reach this price before a certain time, the goal is to achieve it someday.
We do not know what the price will be tomorrow 2022. Until then bitcoin can even disappear from the market even though it seems impossible for everyone, it's possible.
jr. member
Activity: 392
Merit: 3
May 21, 2018, 08:59:57 AM
bitcoin still has not reached its destination.
because of the purpose of bitcoin.
1. accepted by all countries in the world.
2. bitcoin is used as a transaction tool such as banknotes.
3. bitcoin also not yet reached the price ever reached in the previous year as at the end of December year 2017 yesterday .
full member
Activity: 378
Merit: 100
May 21, 2018, 03:02:12 AM
No one knows when bitcoin rises and how much it costs. Bitcoin could break the record in 2017 and probably go up about $ 30,000 and that depends on how quickly the market will receive large capital. Cool
jr. member
Activity: 246
Merit: 1
May 21, 2018, 03:01:54 AM
Bitcoin is just warming up, it is years away from achieving its goal, which is global mass adoption as the world's universal currency.
member
Activity: 532
Merit: 15
May 21, 2018, 02:55:25 AM
Bitcoin is not just a tool of investment, so, achieving a certain price tag is not any goal for Bitcoin, Bitcoin is here to introduce us to the future  -- A crypto economy worldwide and it is just the beginning.
sr. member
Activity: 616
Merit: 250
May 21, 2018, 02:46:47 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 in what purpose the bitcoin is created, and reaching its goal the question should be investors who invest with bitcoin who can answer it, success, profit or ease in the developing economic system that the purpose of bitcoin may return again the goal of investment investors have reached the expected goal not yet
newbie
Activity: 238
Merit: 0
May 21, 2018, 02:35:09 AM
Bitcoin is a crypto currency that is good for investment and trading on industry, which has been created many job to different set of people including the elderly men that stopped government work because of age, but still have ability to work. Secondly bitcoin functionality just started. By 20yrs time, we can be able to know how far it has gone.
member
Activity: 252
Merit: 10
May 21, 2018, 02:23:00 AM
I think bitcoin is still far from its main goal of giving the ''financial power to the people''. A lot of manipulations is still going on by whales, institutions and their likes, adoption is still not at the level we are hoping for it to really go mainstream. For me i think until bitcoin completely replaces banks or becomes a major part of the current banking system, the goal of achieving bitcoin goal is not near.
sr. member
Activity: 686
Merit: 253
May 21, 2018, 02:19:24 AM
Quote
if by "legitimate" you mean something that the government approves then you are wrong this is not the bitcoin goal either.

Why would anyone assume "legitimate" means "government-approved"?  Legitimacy is not a legal concept.


Quote
there is a simple explanation for it, people don't care about altcoins!

We heard the same about Bitcoin...

the purpose of bitcoin is still a long way so I think bitcoin has not reached its destination, if seen from the current price bitcoin slightly cheaper than the highest price he ever reached. but I think the bitcoin progress is not just there and still far more results to be achieved.


Exactly, bitcoin is still in its infancy and there are a lot more to come by way of bitcoin, I have never thought it has served its purpose unless it because our daily usage in life and that is going to take the world some more time to happen.
full member
Activity: 266
Merit: 100
May 21, 2018, 01:11:42 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.




what do you mean by your question? There ar so many goals that cn reach what do you think it us? But if it is the price goal maybe yes it is reached
full member
Activity: 308
Merit: 100
May 21, 2018, 12:55:05 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.




Bitcoin is a time-able coin. Now its usage has increased many times. Bitcoin is now being used in all the daily works.But I think it Could not reach its goal.Because now almost 30% of the people in the world are using Bitcoin. When Bitcoin is used (80-90)% then it can be said that Bitcoin reached its target.
sr. member
Activity: 987
Merit: 254
May 21, 2018, 12:27:01 AM
I still do not think you're reaching for your own purposes. Because it's still in recovery. Many strong investors have not yet invested in the market. I think it's impossible for them to finish without them. I also think that the bitch should be concentrated on the blockchain.
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