Topic: How do you measure the success of Bitcoin? - page 8. (Read 1689 times)
The success of the bitcoin is from enthusiastic of the people using it and from the support of the company that want to develop a block chain technology. as well as from the local exchanges that keep the bitcoin price high until now. $4000+ is still high anyway. but honestly if these people won't care about it anymore that's when the price will go down dramatically.
100% bitcoin become scucessful after this all trail and trouble face by cryptocurrency
But ofcourse need to continue people's support to got success in the future and all bad news from crypto will end
But ofcourse need to continue people's support to got success in the future and all bad news from crypto will end
I measure the success of BTC, looked by the volatiity that always grows well every year, from being worthless to being very valuable, destroying the relationship between banks and the government is not the main focus of BTC, but slowly, BTC growth will make them panic, fear, and feel threatened.
There's a lot of factor that bitcoin measures successful if we can take it on numbers of successful there are so many to find it out just like from the rank of nothing but now bitcoin was the number one and lead to all cryptocurrency and as we can see how much the value of bitcoin from $1 and reach $20,000 see that successful and their are so many celebrity, businessman and so on who invest their million dollars of their money in bitcoin.
There are lots of factors that can be a measurement of success in bitcoin. People see it as success when it comes to the price. If the price of bitcoin is surging then the people wanted to buy it. I look at the development of bitcoin as its success, why? Because we would not buy or invest something without its future. We buy bitcoin because we know it works due to its full development.
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 now I measure the success of bitcoin taking a look at the adoption and volume, I think bitcoin was made to make transactions and replace or at least complement the traditional banking system, so I'm looking at the weekly volume, to know how much has moved and if interest in the public continues despite the low prices.
I'm with Bitcoin since 2013 and I can say that in five years Bitcoin has achieved huge success. When I compare the value, number of users, acceptance and attitude of people toward Bitcoin back then and now it's clearly visible how things have changed for the better.
I have to say that the price is not the only thing that can be used to estimate the success of Bitcoin so you shouldn't judge it according to the current price level.
I have to say that the price is not the only thing that can be used to estimate the success of Bitcoin so you shouldn't judge it according to the current price level.
The number of holders and users. It should be used as much as possible apart from trading to become real success.
We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.
But most owners expect this to happen. The acceptance of Bitcoin as it is will not hurt anyone on the contrary it will cause more people to be attracted and used as a payment method. We can evaluate Bitcoin among us but its value will still be worth of USD and we are still in the arms of the government. And if the government announces that using it is crime, who do you think will accept Bitcoin as a payment?
The success of Bitcoin to me is based on it ease of use in terms of payment and speedy transactions timeframe. Thus it gives all users stress-free scenario when processing transactions with an assurance that the fund will get to the recipient(s) within few seconds to minutes.
It is very good that those who see in the cue ball will only profit from the topic. But these are not the majority.
In general, I am confident that the crypt will punish all the greedy and greedy people, slowly and surely shake out of them most of the money and redistribute them to those who take the money calmly and not chasing them, a period of 5-10 years.
You are probably young and do not know how with the collapse of the ruble in 98 people tried to get their dollars from Russian banks, they stood in queues for several days, many did not succeed at all. So, especially in the bank before the crisis money is attributed, it looks very funny.
In general, I am confident that the crypt will punish all the greedy and greedy people, slowly and surely shake out of them most of the money and redistribute them to those who take the money calmly and not chasing them, a period of 5-10 years.
You are probably young and do not know how with the collapse of the ruble in 98 people tried to get their dollars from Russian banks, they stood in queues for several days, many did not succeed at all. So, especially in the bank before the crisis money is attributed, it looks very funny.
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 absolutely agree with you. I think that Bitcoin in these ten years has not achieved its success, for the purposes of which it was created. It never became widespread for use by the payment system and was not legalized by most states. Instead, it has become a speculative means of increasing its value, which is very dangerous both for Bitcoin itself and for the cryptocurrency as a whole. A significant increase in its value drives a cryptocurrency into a dead end, from which there is practically no way out, except through the collapse of the market. 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?
When every government around the world legalize crypto.
My government decide to ban crypto because it can cause inflation because of it's volatile and high value so they want to protect their people from any harm !
I'm respect on their decision and I'm aware of the risk when I decide to keep using crypto for transaction !
My government decide to ban crypto because it can cause inflation because of it's volatile and high value so they want to protect their people from any harm !
I'm respect on their decision and I'm aware of the risk when I decide to keep using crypto for transaction !
Success of bitcoin cannot just measure by just considering one fact but many because like many it is a currency too and it should achieve and grasp all the areas that many major currencies has achieved in the history like price, popularity, demand, acceptance and the usability among many industries and trades in the world so every one of them is important when measuring the success of bitcoin
Bitcoin is the first crypto currency started in the year 2009 for the benefit of the global community.Its price has been varied from
0 to 20K USD in the year 2017 December for a span of nine years period.The success of bitcoin can be measured by encounting the utility value of it and its success in the daily market. The success of bitcoin can be measured by considering its daily traded volumes and the market capital.The utility value of bitcoin is very wide such as , it is an investment tool, for trading, a good transaction media with out a third party interference.Bitcoin can be used for the local and international shopping and also it can be used for the service bill payments etc.Bitcoins market priced has been hiked from zero to 20K in the bullish market and its daily traded volumes also very high comparing to the other crypto currencies..The success of bitcoin can be measured by encounting transactions, market capital ,daily traded volumes etc.
0 to 20K USD in the year 2017 December for a span of nine years period.The success of bitcoin can be measured by encounting the utility value of it and its success in the daily market. The success of bitcoin can be measured by considering its daily traded volumes and the market capital.The utility value of bitcoin is very wide such as , it is an investment tool, for trading, a good transaction media with out a third party interference.Bitcoin can be used for the local and international shopping and also it can be used for the service bill payments etc.Bitcoins market priced has been hiked from zero to 20K in the bullish market and its daily traded volumes also very high comparing to the other crypto currencies..The success of bitcoin can be measured by encounting transactions, market capital ,daily traded volumes etc.
I am used to measuring the success of bitcoin with high bitcoin prices, because with the high price of bitcoin it signifies so many bitcoin enthusiasts and investors.
That's not a good measurement of success at all. Long term, it could probably be? Because if a lot of people use bitcoin in the future then the prices will naturally go up. Short-mid term though, I don't think people holding bitcoin just for the sole purpose of making profit and selling them immediately after bitcoin doubles/triples/quadruples is a success at all. Success is when people actually hold bitcoin because they think it's actually a good hedge against fiat in general.
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 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?
Many have begun to panic over the recent fall in the market. But I see no reason to panic. Firstly, it is possible to buy bitcoin at a reduced price. Secondly, after each fall, an increase occurs. This is the law of the market. You need to wait.
I am used to measuring the success of bitcoin with high bitcoin prices, because with the high price of bitcoin it signifies so many bitcoin enthusiasts and investors.
I mostly agree with the opinion of OP as I believe that this success for Bitcoin should be associated with the vision of Satoshi to utilise Bitcoin as a payment system and it should be adopted across the globe enabling people to transact using blockchain technology without high cost or time. It doesn't make any sense to artificially manipulate the price and seeking the attention of outsiders but on the other hand, there is a satisfaction in the growth of user base resulting in the scalability of it.
Jump to: