Topic: How do you measure the success of Bitcoin? - page 7. (Read 1689 times)

I see bitcoin is very simple, I see the success of bitcoin today in terms of price. now bitcoin can be successful if the price is in a high position and this is one of the best to be used as a moment of measure of success.

in my opinion the success is the guy who join at good time and get money for this market )

In my opinion, we can measure the success of bitcoin through the people who valued and also succeeded in life.

The success of bitcoin can be measured as how much bitcoin transaction are getting made and does it meeting all the objectives.

In my idea, bitcoin had already make its success. No wonder there are many investors becomes rich from bitcoin investment. Bitcoin also makes cryptocurrency popular as it is now joined by every country around the world. So i think whether the bitcoin lost its high valued priced, it already attain its success.

Like a video game system, its success is how many publishers make games/software for it. A game system could have the fastest CPU, the best graphics, the most memory, the best everything, but if there are no games for it, it's a failure. The more games there are for a game system, the more successful it is.

In terms of smartphones, why is Android a success? Why is IOS a success? Why is Blackberry not a success? Why is Windows Phone not a success?

Bitcoin is a success when people use it. Its monetary value doesn't mean much if no one uses it.

People including me consider measure the success of bitcoin is if they can able to take big profit when we trade for bitcoin and this is a fact that we must admit because most of bitcoin users still considering bitcoin as trade asset but indeed from now on we should not thinking bitcoin for profit only and we should see other potential from bitcoin and the technology behind of it

Some believe that the cryptocurrency can be another "bubble", others are fully confident in its cloudless future.

Well we can not define or measure BTC's success exactly, yet we can use some general standards for that purpose;

1. Note the increase in BTC's market share.
2. Note the changes in customers involvement.
3. Visualize the improvements in the processes and operations.
4. Check for the improvements in management and development.

These are just based on my personal idea.

 We all acknowledge bitcoin as one of the most potential asset among all currencies. Also, most of us witnessed how reliable this asset and strong enough to go beyond a good outcome despite of bearishness. And so, I believe that bitcoin's success can be measured its capability on which can give people's satisfaction and popularity. As long as we keep bitcoin, we can measure success with ourselves.

The measurements of bitcoin success could be through the meaningful uses and achievements. No matter how good and potential bitcoin is if there's no good return to community, country, and citizens bitcoin is just a dream or possible great illusion ever. Nowadays we can see bitcoin as one of the main source of couragement and discouragement through pump and dump scenarios.

I think we can see the success of bitcoin from the enthusiasm people to come and join into bitcoin although we don't know who they are. Besides that, people come to bitcoin by seeing the bitcoin price reach the highest price although right now the price is down too deep.

By using bitcoin, they can manage their own financial, and they can send and receive the money from everywhere without any third party, and people don't have to pay too much fee.

Bitcoin will reach more success if bitcoin can be accepted in all country, so people don't have to worry if they use bitcoin for making the payment of the product they bought. We will see what is happening in the future and I guess that bitcoin can bring a better life for every people.

I think the measurement of being bitcoin successfull is not a huge price value or even a stable price status. Or even a world wide popularity. I think the real measurement is the function of bitcoin that can help other people to improve their live and to make it better in terms of transactions or even in terms of investment. All we know that every country suffer in many problem if bitcoin can be the cure we can say that this is bitcoin's success because we see that even the brightest or powerful leader did not remove the nation's biggest problem like poverty,criminality and unemployment and I think bitcoin is the key.

IMO, those you have mentioned are what we are using as measurement of bitcoin's success. But we can't also settle its price because that tells on how mass its adoption going. Due to the level of adoption, it will create a higher demand that will turn its price higher.

Bitcoin as a currency is also going to its success, adoption is coming to it and we can't ignore that there's a wide range of its usage now. And bitcoin as a store of value, what's the problem of it if people are determining their bitcoins as store of value? it's gold for most so I don't see any reason for it to be hated.

I think the best way to measure bitcoin successful is from the adoption, the main idea of bitcoin was to be able to used the currency globally, so the more shop or countries accepting crypto, its mean that the bitcoin become more succeful, tge price is not the measurements, but it can indicate that how interested people with bitcoin

BINGO we have a winner, especially this forum, its should be called the 'bitcoin-talk-to-moon-org'

BTC is a winner, if you survive 1-3 years in biz, your a winner, btc is now 10 years old that is SURVIVAL big-time, BTC is already geriatric;

The sadest thing for me is that BTC instead of being private & secure, has become just another LOTTO for sheep, where lotto is a tax on stupid people, bitcoin is a tax on geeks.

BITCOIN was to be MINED, not bought, if you mined your costs were ZERO, if you bought, then you lost.

Speculation ALWAYS leads to gamblers RUIN, especially when you put in the entire pot.

Study 'kelley criterion', the guy wrote the book on investment calculus, F=2P-1, where P is the probabilty of the win, and F is the factor of how much you invest.
If you have a 50% chance of winning you invest zero, if you have 100% chance of a 90% loss like bitcoin, then you sell 10% of your NET-Worth. Unless you have a 100% chance of winning, you don't bet 100% of your net, in the case of BTC, most people went on credit-cards and bet their entire net-worth, with a 50/50 chance of loss,

The smartest move was to buy ZERO.

BITCOIN uses the same math, its in satoshi's paper the entire '51%' double-spending problem is based on the theory of enormous numbers invented in the 1700's. Only when 'sure thing' exceeds 50% do you 'invest', but even then, only a small fraction of your net-worth.

The entire BITCOIN scam is the class 'gamblers ruin', to the poor-house, wiping out all your wealth.

BITCOIN was meant to be MINED, not bought, when you mine bitcoin, you have a sure-thing, for a known cost ( investment ) you get a known return probability of 100%, but of course TODAY mining is NEGATIVE, that is it costs more in electricity than the value of BTC, so you don't mine, and you don't buy.

At what 'floor point' in BTC do you buy? Today we don't even see a floor in the current horizon, perhaps in a year or so, we can use mean-reversion, and predict a certain-profity percentage, and using kelly-criterion get an investment fraction, but today you would be better burning your money if your goal is total loss.

Well, the success of bitcoin should be measured with its market volume and market cap at a particular point in time, like its market volume within 24hrs.  Most people measure crypto coin success based on the coin's market price at a particular point in time, which is not supposed to be that.

You mean we have to distinguish between Bitcoin as a currency and Bitcoin as a technology.
The technology is a revolution in itself and no one can deny this fact.
Unfortunately, 99% of Bitcoin users are interrested in the currency and how to make profit from it which is not helping the technology.

in my opinion, the measure the success of bitcoin is measured by the credibility of BTC that is able to survive from every FUD, and until today BTC still has value, and always has great popularity.

and also BTC transactions between countries can be done quickly and by a low cost.

I think bitcoin to celebrate its 10 years of existence is already a big success.Because i know there are already a lot of people who have benefited the potentials of bitcoin and are now living a profitable life within this 10 years of bitcoin's existence.Hopefully bitcoin will still be successful in the next years and will come up in a global adoption.