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Topic: How do you measure the success of Bitcoin? - page 5. (Read 1689 times)

sr. member
Activity: 1050
Merit: 251
November 30, 2018, 04:14:30 AM
#90
Can we call it a success if 7 out of 10 people knows about Bitcoin or Blockchain? But can we still call it a success if those 7 who knows about Bitcoin only know Bitcoin because of scams and other illegal schemes where Bitcoin was used. I think we can say it is a success if people starts using Bitcoins in their everyday lives and not just store it in their wallets and wait for the price to hit their goal to sell and gain profits.
Absolutely! It's not all about the earnings but on how many people are well-educated of this technology. Success can also be measured by its increasing demand and of its developments to come. The knowledge and skills we learn if used correctly can help us to responsibly adopt and apply these in real world. Most importantly, it's about our strong support and commitment. Be patient! Be positive and don't lose hope.
member
Activity: 588
Merit: 10
Minter
November 30, 2018, 04:01:47 AM
#89
I rate Bitcoin success as a huge success. Less than 10 years ago, no one else knew what bitcoin is, but now every schoolboy knows.
full member
Activity: 994
Merit: 138
November 30, 2018, 02:39:59 AM
#88
I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?
Just like you said. I measure the success of bitcoin with the level of adoption and use of bitcoin as a payment method. When a bitcoin user purchases an item using bitcoin and the store and merchant accept bitcoin as a payment it is a success of bitcoin. Even if bitcoin adopters are increasing, then that's the success of bitcoin in my view.
member
Activity: 644
Merit: 10
COVIR.IO
November 30, 2018, 02:11:22 AM
#87
I ama agree that we should measure the success of bitcoin from the adoption. More merchant accepting bitcoin or others crypto, more people have knowledge about cryptocurrency and i think its good for cryptomarket because it will increasing the transaction
full member
Activity: 840
Merit: 105
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November 29, 2018, 09:50:17 PM
#86
in my opinion to measure the success of bitcoin is that of the many members who follow bitcoin as the value of this electronic currency as a daily transaction and can also be done anywhere without having to carry a thick wallet with full debit cards and lots of cast money.

Got a point. But then talking about success is about if someone or something performs the tasked accordingly and as we can see, bitcoin performs its tasked well. Being the virtual currency or even a form of investment. It is very efficient. But then thing is the market as a whole. Hoping for market recovery.
legendary
Activity: 1344
Merit: 1006
November 29, 2018, 08:55:47 PM
#85
Can we call it a success if 7 out of 10 people knows about Bitcoin or Blockchain? But can we still call it a success if those 7 who knows about Bitcoin only know Bitcoin because of scams and other illegal schemes where Bitcoin was used. I think we can say it is a success if people starts using Bitcoins in their everyday lives and not just store it in their wallets and wait for the price to hit their goal to sell and gain profits.
legendary
Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
November 29, 2018, 08:31:19 PM
#84
I measure the success of bitcoin a number of ways.  I think first off the health of the blockchain is always the most important factor.  If things aren't running smoothly, no one is going to want to use bitcoin.  I think public adoption in any ways also greatly measures the success of bitcoin.  What companies are adding it to thier accepted payment forms?  Which companies are adopting blockchain and using bitcoin for certain dealings.  What government regulations have been a positive for bitcoin and other cryptocurrencies etc.
legendary
Activity: 1834
Merit: 1036
November 29, 2018, 06:59:26 PM
#83
If Bitcoin goes mainstream like almost all stores accepts Bitcoin as payment. I went to Hong Kong and Singapore a few days ago and I see 7-11's accepting prepaid cards, debit cards and credit cards, I asked why not Bitcoin? They just need to flash a QR code to accept a payment. If Alipay and wepay can do it, why not Bitcoin or any Altcoin project.
full member
Activity: 364
Merit: 100
November 29, 2018, 06:34:05 PM
#82
I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?
Mass adoption or usage across the globe determines BTC's success. You are correct, Bitcoin can be worth a 100 bucks...or even just a dollar, if it is used massively in majority of nations, that would be a determining factor for success. In other words, it is not the price that would determine success, but the acceptance and the volume of circulation.
full member
Activity: 644
Merit: 100
November 29, 2018, 06:00:21 PM
#81
I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

I measure the success of Bitcoin by seeing its popularity in the market. As long as many people using it, it can be known in the industry and also how many countries are adopting and accepting it and seeing it that it can help to their economy. For sure many opinions will be gather about the measurement of the success of bitcoin but as far as we will continue to use and promote bitcoin it will be success in the future.
hero member
Activity: 910
Merit: 507
November 29, 2018, 05:41:37 PM
#80
In my opinion, I think that btc's success is measured on how many people are supporting btc as an investment currency and a currency that has been patronized globally as a mode of payment system. Additional measure  of success for btc is the market condition should have been stable enough with minimal down trend unlike what is happening in the current condition.
Yes i think also that we can measured bitcoin for people who supporting it. And how to manage and use bitcoin without any trouble. But the condition of bitcoin now is not so atable because its almost 70% the price of bitcoin fall.
full member
Activity: 482
Merit: 117
November 29, 2018, 05:18:46 PM
#79
I would say, that success of Bitcoin is not measured with the price of it, how many people think it is. But the spread and usage of it around the world.
sr. member
Activity: 833
Merit: 267
November 29, 2018, 11:09:33 AM
#78
I measure the success of bitcoin based on price, if bitcoin has a high price it is a success in my opinion. because the price of bitcoin cannot be opposed by any coin

I measure the success of bitcoin based on its huge acceptance, Popularity, Security, Ease of acceptance across the world shows the success of bitcoin. Based on price also we can measure the success of bitcoin.
full member
Activity: 798
Merit: 121
November 29, 2018, 11:00:25 AM
#77
There are lots of thing to measure success of bitcoin. One of those is the popularity and number of investors in it. It simply says that it is good for investment.  It could also be measure through the number of years it existed though passing ups and down. The most important is trust from different people.
Right, cause until now bitcoin investor's and followers are continues increasing even bitcoin is unstable they continues patronizing almost nine years bitcoin stay alive and stronger and trusted.
brand new
Activity: 0
Merit: 0
November 29, 2018, 10:44:13 AM
#76
The degree of success is also difficult to count because we can not measure the bad effects that bitcoin brings.
legendary
Activity: 2002
Merit: 1016
November 29, 2018, 10:54:06 AM
#76
I measure the success of bitcoin based on price, if bitcoin has a high price it is a success in my opinion. because the price of bitcoin cannot be opposed by any coin


Price can always be a determinant, and certainly is one of the most important as well as the market cap. However, in my opinion the most important thing determining the success of Bitcoin is its popularity and technology that is ahead of the present times for decades. I think like that because the price can be manipulated, as we have seen in recent weeks. But when more people talk about Bitcoin, i'm more sure about his further success.
full member
Activity: 936
Merit: 100
November 29, 2018, 10:26:40 AM
#75
I measure the success of bitcoin based on price, if bitcoin has a high price it is a success in my opinion. because the price of bitcoin cannot be opposed by any coin
member
Activity: 196
Merit: 10
November 29, 2018, 02:04:06 AM
#74
I believe that at the moment the price of bitcoin is well deserved and it is worth the money for which it is bought
Predict a further decline to $ 2800


Based on the steep decline in the price of Bitcoin over the past several months and the major resistance levels that have formed in the range of $4,000 to $6,000, a further drop below $4,000 could result in the market losing most of its momentum it recently gained.

A potential bottom target, according to Puell, is $2,800, which would signify an 85 percent drop from its all-time high price at $19,500.
https://www.ccn.com/bitcoin-price-could-bottom-as-early-as-december-but-definitely-by-february-analyst/
full member
Activity: 650
Merit: 100
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November 28, 2018, 09:07:14 PM
#73
I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?
Bitcoin can be measure its success when all people in the world used it..hiw people change their lives through bitcoin.People would opened up their minds on adopting cryptocurrency in their lives.Bitcoin success is also its creators success in which his concept made people realize how fast and easy doing transaction. And how banks and governments cannot get tax and trap transactions due to decentralization concept.
sr. member
Activity: 938
Merit: 251
November 28, 2018, 08:15:25 PM
#72
I measure it by the community and the huge adaptation, knowing people around you being aware of what bitcoin is and how to use it, I've seen some of my colleagues using it and it really shows how influential this platform is, I hope it will be adapted more to the public so it can be used anywhere
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