Topic: What do you think of the current status of Bitcoin? (Read 1334 times)

I think that current status of Bitcoin is much better than it was in its infancy. At least, more and more people started to realize its concept and see its potential.

don't expect too much faster to happen mate because you will only get Frustrated  because nothing is certain in bitcoin if we are talking near things.
bitcoin will be for future but if you asked it when?that is the question harder to answer.

we must all do mate,because Bitcoin and the crypto market .from too cheap in the last 3 years look at this now?we are nearing 5 digits again and still growing.

I think that 2019 opened the doors to the adoption of Bitcoin, since the Blockchain fever began, starting with China, causing confrontations between Stablecoins to occur in 2020, the benefit of this is that bitcoin will have more adoption. Nor can we leave behind the fact that now Ransomware attacks and robberies, computer security is increasing in people and companies, and adoption is taking place, later fashion will be the one with the best security.

The halving of Bitcoin will undoubtedly be one of the most anticipated events, many speak of new highs, others that will remain, everything is a matter of waiting, but thanks to this it motivates investors to continue buying Bitcoin.

As of now the current status seems pretty well and we are in the way of reaching the 10,000$ which most of the predictions that after hitting this price we might seen a new bull market. Even we can see clear improvement on status of bitcoin there's still few chances that it will fall down again. But, I don't want to happen it that's why I remain on believing on bitcoin.


We are all glad here that the situation of bitcoin are now slowly increasing and I'm so lucky too that I have bitcoin and I still intend to buy more because I know this cryptocurrency will bring more profits to me.

I'm very glad that the Bitcoin is still growing and there are many users adapting to its capabilities on the market. There are many people call bitcoin as a scam asset and waste of time but now it's proven that we can really earn a profit on Bitcoin.

As the year passed by, we can see the growth of the bitcoin community and more positive feedbacks are being stated. So I'm lucky that I trusted Bitcoin and learned it early, because of it I gain profit for my financial problems.

Personally, am well pleased on the achievement of Bitcoin during the last few years and now. Although, many changes have been made to the growth of Bitcoin, its adoption was a major boost to the community last year 2019, also, many online businesses have adopted and integrated their payment method to Bitcoin network.

Here in my country, we have strongly embraced the technology, the young have choose to broadening their knowledge about the technology and about Bitcoin itself. Bitcoin has already made some good move from where we know it to be before now.

Bitcoin is not a scam and it can never be, just that a lot of people misunderstood the concept. I have seen a lot of people call Bitcoin a scam and I once saw a post on Vox.com saying that Bitcoin is another Ponzi scheme.

I won’t really blame them, there are lots of people who are only interested in using Bitcoin for the wrong purpose, especially the rich people. Their greediness wouldn’t let them see the main purpose why Bitcoin was created, they just see it as another means to add extra bucks to what they have and nothing else. For that all they do is pump and dump and that makes the world to see Bitcoin as a Ponzi scheme. But anyway, I believe that we will soon grow bigger than we currently are. It’s only going to take time, and that time is coming.

I cannot be stable when everyone else is losing. Fiat currencies all intentionally lose value, in various degrees, because thats what the school of Chicago dictates and all the politicians follow it like dogma. Sometimes even here you see people who can't grasp the concept of deflationary money or how an economy could work with it, because they have yet to read the Austrians.

Overtime price fluctuations are shrinking, and this is probably how it will be. Gold price fluctuates, but much less than in the past. It should still go up, very slowly, because of the aforementioned inflation all fiats (and some altcoins) with limitless production do.

Remember that, the less it fluctuates, the safer. But when it does fluctuate, all you have to do is wait it out. Unless you are a trader and not a holder, but that is another matter.

After that spike in 2017, price movement has slowed down much. That is good. If it moves too quickly correction will occur. Zoom out and you can recognize its historical pattern, which is a logarithmic curve that starts gaining value very rapidly but slows down overtime.

In short: Slow is good. Panic *anything* is bad. If it goes down just wait it out until it recovers, no matter how long. You have a deflationary coin here, its not government backed money that may never recover...

Let's not forget about New Zeland legalizing salary in Bitcoin.

I think Libra will not be able to compete with Bitcoin, Libra will be a stablecoin and its price will not fluctuate, will be like USDT. So you don't need to worry about Bitcoin in the future. Also we have to hope that the American and European governments will accept Libra because there is so much bad news that it has delayed launch.

Most expensive because bitcoin have been old than other coin but if there are have new coin maybe never possible to get bitcoin keep with higher price, but when looking with investor are interested with Libra coin I worried will libra coin become competitor for bitcoin and have price above bitcoin or not.

Actually there is always a antagonist in every issue. We have to admit that there are people or country that against this revolution. They banned bitcoin because they think that it might be a spy. However, because of the continuous development of cryptocurrency in any part of the world. Many countries want to join. Bitcoin banning will be stopped once it will be regulated by any government all aroud the world. And if bitcoin users will be safe when they buy bitcoin, more countries will adapt such this changes.

bitcoin status is now the most popular and most expensive coin in cryptocurrency. and currently bitcoin has dominated the crypto market by 68%. and now more and more companies and countries are willing to accept bitcoin as a means of payment. developing countries and third countries have also begun to legalize bitcoin. from here we can see bitcoin has grown rapidly. and a statement saying that the bitcoin ponzi scheme is also undisputed. bitcoin has proven that bitcoin is not a ponzi scheme. and I am sure in the future the price of bitcoin will be more expensive.

Well, it hopes to be like that but nothing to have assurance in a volatile market. In fact, we think that 2019 is a bullish year for crypto after a tragic dump last 2018 but it wasn't like that and some of us get hopeless.

For me, I'd never expected to see another bullish year cause I know that it can't be easy and it needs strong support which is something missing in the line nowaday. It might be great if we are able to reach back to $15k next year after halving is done.

Current status of digital currency of bitcoins


1. What's Cryptocurrency?

Cryptocurrency is a virtual or digital currency which uses cryptography for security. It's not given by any main power, theoretically making it immune to manipulation or government interference. The very first cryptocurrency that was released was the Bitcoin.

2. What are its special characteristics?

A cryptocurrency is tough to counterfeit. It may be purchased, marketed online and remitted abroad without paying any f..

4. Are Bitcoins legally recognized in India?

Bitcoin offers aren't illegal in India but are still unregulated. The RBI would like to recognize and find out about the advancements of this particular virtual currency before regulating it. It's emphasised the demand for preparedness on the aspect of policy makers and regulators to react to these innovations and has spoken of understanding the possibility of these solutions for remodelling the company as well as service distribution models to reduc..

i thought about this

Bitcoin price began to jam. The price of $ 7000 was both a resistance and support. I think the price is stable. It gives the opportunity to prove themselves for the new subcoins. Bitcoin price may go up again after halving.

Bitcoin price is not stable. However, there is a very bad performance. Bitcoin cannot be interpreted solely by its price. Bitcoin symbolizes the emergence of a new philosophy. Centralized and working with many intermediaries will change your trade.

Crypto doesn't need the acceptance of any power or any government that is why it is so great. It is above these things. Crypto is not against the government but it sure isn't for it. We don't need the goverment to use and appreciate crypto. Why do you feel we need government acceptance? Cr3ypto is free from all governments and no one will ever control it. That is its beauty. I want the government to have nothing to do with crypto. Let them play with their monopoly money (fiat).

I don't think that bitcoin price is stable because bitcoin had already decreased it's price below $7000. Good thing that bitcoin is starting to have an improvement to it's price today because a lot of people are saying that bitcoin halving is starting, so i hope that bitcoin will increased it's price again just like last year of 2017.

the comparison between current bitcoin and last year can indeed be said that the current status is quite good because this year there are some people who get it from price movements. and for the future, let's look together with the growth of bitcoin, I hope that bitcoin can provide a lot of help to people in the world