Topic: Has Bitcoin reached its goal? - page 81. (Read 5995 times)
No Bitcoin hasn't reached the goal yet, Bitcoin supposed to be the world currency where everyone in the world can used it to buy anything, now the adoption rate is still low, and the government keep on blocking the adoption, and the Bitcoin feature itself still not yet ready, the speed and the fee still troublesome, so I think need more time to adopt this technology
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Bitcoin is still very young and it need to grow before it can fulfill its destiny of becoming a form or medium of exchange in buying goods and services in any society. Today there are still few users in the world and mostly of the bitcoins were ate the hands of the big whales. As long as bitcoin is not distributed to the masses and it is not used in daily activities in life then bitcoin have not reached its full potential. Remember it is not about the bitcoins price but is about its purpose.
I agree - until there is more commercial utilization of Bitcoin, it will be primarily a speculative investment. We should all read the tea leaves though: investment firms are taking positions in Bitcoin after it crashed in January. They were/are long on Bitcoin at $9000/coin
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 is still very young and it need to grow before it can fulfill its destiny of becoming a form or medium of exchange in buying goods and services in any society. Today there are still few users in the world and mostly of the bitcoins were ate the hands of the big whales. As long as bitcoin is not distributed to the masses and it is not used in daily activities in life then bitcoin have not reached its full potential. Remember it is not about the bitcoins price but is about its purpose.
In my country bitcoin still didn't get legitimate. The government still worry if bitcoin someday will leading fiat currency and make economic in that country collapse
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.
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.
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From where that is coming, I dont know anything about that. 
Yeah my price prediction was completely tongue-in-cheek. I agree there is yet to be a public embrace of Bitcoin; but I think as Big Capital starts to develop more commercial applications with Bitcoin you will see more utilization.
Bitcoin story has so much more to it than just headline-grabbing pricing swings. visit https://www.cnet.com/how-to/what-is-bitcoin/
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well English is my second lagnuage and according to Cambridge dictionary "Legitimate" means "allowed by law", and who sets the law but the government? if you meant something else then i am all ears.
legal, lawful, licit, legalized, authorized, permitted, permissible, allowable, allowed, admissible, sanctioned, approved, licensed, statutory, constitutional
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 not yet, Bitcoin has became popular, many people use it for different purposes but we still see some disadvantage: hacking, banned by some country. 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.
I dont think its working as inflationary alternative to government fiat currencies, I mean that change is not even observable in the current era. Fiat is still the strong hold and tell you what gold is still the best asset in this world no matter what you talk about the bitcoin or what price bitcoin has got today.
In general public the best currency is still fiat and best store value is still gold. It is just that you and me are more or less dedicated into crypto thats why we see the fusion of it. But come on look at the world population and look at the number of people involved in it.
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(we all know it's going to be $250,000/coin by 2022),
From where that is coming, I dont know anything about that.
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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.
well English is my second lagnuage and according to Cambridge dictionary "Legitimate" means "allowed by law", and who sets the law but the government?
if you meant something else then i am all ears.
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there is a simple explanation for it, people don't care about altcoins!
We heard the same about Bitcoin...
we hear a lot of things about bitcoin...
Bitcoin is just about 10 years old and I dont think that is enough to reach it's goal. We actually dont really know what is the real goal of bitcoin but it probably is to change the world of paper money and fight against criminality and illegal activities.
(we all know it's going to be $250,000/coin by 2022)
We dont know what the price is going to be even tomorrow what about 2022. Until then bitcoin could even disappear from the market even though it seems impossible for everyone,it is possible. Bitcoin also has a price goal, set by the people and I think that is about 1.000.000$. It doesn't have to reach this price before a certain time, the goal is to reach it someday. 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.
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there is a simple explanation for it, people don't care about altcoins!
We heard the same about Bitcoin...
I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022),
this is not the "price goal", it was one of the many speculation of what the price may be by then.Quote
but the goal that it would be a legitimate alternative to inflationary government fiat currencies.
if by "legitimate" you mean something that the government approves then you are wrong this is not the bitcoin goal either.Quote
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;
there is a simple explanation for it, people don't care about altcoins!
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.
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