Topic: How do you measure the success of Bitcoin? - page 3. (Read 1689 times)

By me, the measure of how successful bitcoin is,is how many people uses bitcoin and how well bitcoin is able to satisfy the users.
I can also say, the ability of bitcoin to be able to maintain a satisfactory quality as the user increases over time.
Then,if bitcoin can remain the highest valued cryptocurrency.

According to my opinions no one can't measure the success of bitcoins because there are different type of fields and stories behind the bitcoin as well as crypto currencies. According t somebodies stories they have happy starts as well as the happy end but some people haven't if they started happy but end with sad. In market we cannot guess bitcoin value will increase or decrease but some how according to my ideas I can't measure the success of bitcoin.

Of course, while BTC is used for making a profit by converting it back to fiat, it will never become a literal currency - just a means of investing.
However, what should people do? I mean what other choises do they have? There are not so many adoption cases or they are quite specific.
Moreover, an average person owns just a small amount of what could have been able to make a difference. Not many want to risk and play it all.
So I do not see any alternatives for now but I agree that crying over the price is not the best strategy, considering the fact that it used to always get back on track.

I think we should measure the success of bitcoin by considering its number of user's and how often they use bitcoin for there daily needs rather than its price level because it was developed to provide best options as a currency for the people in the world by using blockchain technology but not as a trading asset so if some day bitcoin becomes the most usable currency in the financial sector and in daily use I think it is a major success for bitcoin 

In today's time many people are associated with Bitcoin. And every day many people are showing interest in joining Bitcoin. this suggests. That's how Bitcoin has become so popular.

You can measure the succes of bitcoin if theres already a millions of people using such a great succes for bitcoin and i thin bitcoin is new to the market but look they already make it this far and its already i myself is also using bitcoin and it also helps me a lot its a hassle frew and i know many of peoples think of it that way thats why its already successful

  We have different opinion on how we measure the success of Bitcoin into the Crypto Market.? If we look back of the market price value history we can already say Bitcoin had survived the beating on by the market on its price value as posted on the treed. It remains standing and recovering from the blood dry market in the past few weeks. We can not just make some issue how Bitcoin make it or not with out clear and objective parameters on how it being measured?

Measuring Bitcoin's success by solely its price is something trivial because this undermines the core notion behind bitcoin's invention. However, we can measure bitcoin's success by determining its applicability in many sectors, for example.  We can also see that there are many tendencies towards considering bitcoin as a 'store of value' as it has a predictable supply.

Bitcoin is a success because it is a decentralized currency that has been accepted and can be used from ay part of the world. It is successful as a payment method and store of value.

I think we can measure the success of bitcoin by looking of the effect in the individual who are earning with bitcoin. I know that the bitcoin and whole crypto currency meet their goal that helping people while they doing their business.

I always measure the success of bitcoin or people who invest in bitcoin. if they can help and various pleasures with others. especially people who need our help. not only thinking about wealth and money ..

how to measure the bitcoin, its all about to count of people who used bitcoin and always support on bitcoin that is the way to improve the bitcoin and to be success it

The success of bitcoin can be seen from the number of users investing in bitcoin, they have more opportunities to grow and continue to be valuable. But at this time many miners stopped because they saw the value that went down so they thought this could be detrimental to minors.

Bitcoin has tremendous advantages, with no limits and openness that makes bitcoin move more freely. Bitcoin is able to provide convenience for its users, this makes users feel comfortable and effective using bitcoin, so the success of bitcoin can be seen every day on its high and broad volume.

it is very difficult to be able to succeed Bitcoin as long as it still adheres to a decentralized system with a total supply which in my opinion is lacking
21 million coins is not enough to meet the needs of all users of money in the world, it is only natural that the arrival of large investors can easily monopolize and regulate this bitcoin market
crypto is needed backed up by real assets, such as USDT

If people use bitcoin for the trade and investment purposes when people have high demand for it it means that it is successful and good for long term holding so when people have it for their use it is because of interest of the people and can measure the success of bitcoin through it's price.

You're right when you say the price of Bitcoin isn't the deciding factor for its success. Sure price can help, but there's a lot more long term value for the growth of Bitcoin when more people know what it is and use it. If Bitcoin was to ever fall back to the price it was years ago it's still extremely more successful than it was during the previous time of that exact same price because of all the additional exposure. Everyone knows what Bitcoin is now.

That right bro  .  we can see that bitcoin is now being widely adopted by most people and that is a common factor to measure the success of bitcoin  . for me i think bitcoin is already succesful because it didnt failed to give us a good service but most people think that bitcoin is a failure just because they see that the value of it is falling

 . they were actually wrong because they only foccus on the price .  they dont see the useability or the real purpose on why bitcoin is built .

In layman’s terms, the Bitcoin whitepaper says that Bitcoin is an electronic cash that anyone in the world who has access to internet can use to purchase anything without a third-party and the transactions are irreversible and open to the public. With this, you could easily deduce the underlying values that Bitcoin has: decentralized, open, borderless, trustless

DECENTRALIZED: there is no central authority, no central control, no king to be dethroned, no one on top; not even Satoshi, also no single point of failure

OPEN: anyone who wants to see the transaction history has access, anyone can contribute on system

BORDERLESS: you can do transactions wherever you are in the world as long as there is internet, no restictions don’t matter if you are in North Korea

TRUSTLESS: the system just works and if you have doubts you can learn coding in one of many online courses and then you will see for yourself if this algorithm truly is legit or if developers are just making this stuff up

With that in mind, we should measure the success of cryptocurrencies by how much of that underlying value it has retained when it gets widely used. In the future, the average person doesn’t even have to know that Bitcoin exists. We don’t know exactly how this will play out but what we do know is. Bitcoin may win or it may fail, but the winner should be the one that reaches the most number of people yet retains the underlying values even after people forget they use it.

The success of increasing the economy of using bitcoin, I think that is a measure of the success of bitcoin. Bitcoin users live well and their economy is sufficient. Bitcoin really supports life and work in the future.