What do you think of the current status of Bitcoin? - page 3.

tippytoes

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Quote from: Ailmand on December 13, 2019, 09:47:42 AM

2019 was another stepping stone for Bitcoin to move forward and to reach more achievements and success. This year was a long journey for Bitcoin but there were lots of improvements and adoptions which we should consider as an advantage for the better situation of crypto in the coming years.

This is a year also of realization to many crypto users and understand better what's going in the market. Adoption is growing every day and that means the demand of crypto is also growing. This year is really a long journey for bitcoin attaining a more stabilized value as compared to previous years of its existence.

rodskee

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just like what happen from the past years.there is a Pump and also dumping,many fraud but there are positive news also so all and all?great year for the 10 consecutive and looking for more adoption .

Ailmand

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2019 was another stepping stone for Bitcoin to move forward and to reach more achievements and success. This year was a long journey for Bitcoin but there were lots of improvements and adoptions which we should consider as an advantage for the better situation of crypto in the coming years.

tianglistrik

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Quote from: Youghoor on December 13, 2019, 08:28:22 AM

Bitcoin has been through a lot for the pass 10 years of its existence in the financial world and the entire world in general. The current status of Bitcoin is that a lot of people in the entire crypto space do not really understand and know what Bitcoin is and the real purpose of Bitcoin, they only see bitcoin as a digital asset. The entire crypto space regards Bitcoin as a digital asset than a digital currency just like fiat currencies used for exchange of goods and services. This has affected the rate at which Bitcoin is been adapted into the main stream financial ecosystem. The idea of Bitcoin being a digital asset is affecting the way people see Bitcoin.

bitcoin growth is quite a lot in this world and also has positive impacts and also some negative impacts. but its technology is still very minimal in the know, I myself only learned of the great technology that exists after reading the bitcoin whitepaper in 2018, and before that I only saw bitcoin in terms of investment only

Youghoor

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Bitcoin has been through a lot for the pass 10 years of its existence in the financial world and the entire world in general. The current status of Bitcoin is that a lot of people in the entire crypto space do not really understand and know what Bitcoin is and the real purpose of Bitcoin, they only see bitcoin as a digital asset. The entire crypto space regards Bitcoin as a digital asset than a digital currency just like fiat currencies used for exchange of goods and services. This has affected the rate at which Bitcoin is been adapted into the main stream financial ecosystem. The idea of Bitcoin being a digital asset is affecting the way people see Bitcoin.

White Christmas

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Quote from: Wintersoldier on December 13, 2019, 06:03:22 AM

Quote from: iram3130 on December 13, 2019, 05:52:40 AM

We always said that we need more implementation of the blockchain and the market dump made more people understand that bitcoin and blockchain are here to stay no matter what. The current status of the bitcoin needs to get into bullish and people will automatically start pouring in again.

Then that is not the current status of bitcoin I guess? Because for me knowing the fact that bitcoin today isn't profitable, I barely see that there is still a good potential to the big market uptrend in the near future. But what is more important to this discuss is what we are today in cryptocurrency space which I consider in a huge market correct phase where we can expect a sudden decline of the market anytime. But there's nothing to worry because as per the market analysis of most of the crypto enthusiasts, bitcoin halving will have a great effect to the future of bitcoin.

I don't think that bitcoin is not profitable for now, because as what I can see there are still some people who are making and earning money through the use of bitcoin although the market is suddenly at the bad moment right now, there are still a few people who are keep on earning but I cannot say that those person are still earning huge but they are still earning little by little. And it's right that there are so many predictions and speculations what would probably happen after the bitcoin halving was done and we still don't know yet what it is and maybe that would be the current state of bitcoin right now.

Wintersoldier

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Quote from: iram3130 on December 13, 2019, 05:52:40 AM

We always said that we need more implementation of the blockchain and the market dump made more people understand that bitcoin and blockchain are here to stay no matter what. The current status of the bitcoin needs to get into bullish and people will automatically start pouring in again.

Then that is not the current status of bitcoin I guess? Because for me knowing the fact that bitcoin today isn't profitable, I barely see that there is still a good potential to the big market uptrend in the near future. But what is more important to this discuss is what we are today in cryptocurrency space which I consider in a huge market correct phase where we can expect a sudden decline of the market anytime. But there's nothing to worry because as per the market analysis of most of the crypto enthusiasts, bitcoin halving will have a great effect to the future of bitcoin.

iram3130

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We always said that we need more implementation of the blockchain and the market dump made more people understand that bitcoin and blockchain are here to stay no matter what. The current status of the bitcoin needs to get into bullish and people will automatically start pouring in again.

Jellachrist

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Your points are really amazing, the introduction of blockchain which gave birth to cryptocurrencies with Bitcoin been the first and leading coin in the crypto industry has not only yield early adopters profit but makes online transaction simple, secured and very fast compared to the centralized system where transactions takes days before delivery. Bitcoin has serve as source of employment for many youths which has greatly lead to the reduction of crimes round the globe.This year 2019 I have gain a lot from Bitcoin trading which I believed it as well gets to every trader. So I believed its only those who comes in, in 2017 and get it at high rate before it drops and those that fall into wrong hand that will speak bad of this great evolving technoloy.

airdnasxela

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Looking at the positive side, bitcoin is currently growing that some countries are now starting to recognize and studying about blockchain technology and cryptocurrency. Sooner or later, they might start working on adopting it. Though on the contrary, along side with its continuous grow, hacking and scamming is also increasing. They're creating more ways on scamming people. If more people adopts and move into crypto, bad people will also do the same.

fullhdpixel

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Yep, you're right with every reason you have stated here, Bitcoin has grown a lot and there are still a lot of people that are joining the community everyday. Lots of websites are now accepting Bitcoin and I believe that there are still lots of them that will accept it. And right now there are a lot of things you can do with Bitcoin, even if you can pay direct to those services by using Bitcoin, you can make use of wallets like Bitpay to buy gift cards of those sites if they are available, like Amazon, Delta, Uber, Xbox and a lot of them.

There are also Bitcoin ATM and the number of them that are being opened keeps growing. This year has been a good year for Bitcoin and not just Bitcoin, but cryptocurrency as a whole, though the price has been low.

Bim abk

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Quote from: Fappanu on December 12, 2019, 10:27:24 AM

Bitcoin's status is in good shape today, and it continues to gain development and acceptance in various countries.

It's also a good price today compared to last year, But unfortunately there are still countries that do not allow the use of bitcoin and are even more restricted.

indeed in a country's licensing we cannot expect much, because they have their own rules. and for the problem of current price conditions, in my opinion it is also quite good, and now it is better to prepare for the years to come.

tracey77

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Quote from: Fatunad on December 12, 2019, 10:24:43 AM

Quote from: tracey77 on December 12, 2019, 10:04:16 AM

2019 wasn't so bad for BTC, besides the price the background is fine. I mean e.g. Ukrain legalized cryptocurrencies and 5th Anti-Money Laundering Directive- hope it will help in regulating crypto market in many aspects

Yes, it wasn't that bad though it may have a lot of news about cryptocurrencies and other countries accepting, legalizing cryptocurrency. Allowing blockchain technology for other countries to make their own cryptocurrency it wasn't that bad. The only bad that i see are those negative thinkers who crypto spreading some fake lies to the crypto community.

yeah... when it comes to negative thinkers- they were, they are and they will be, that's an inseparable part of any community. But I see your point, it's pretty easy to spread false information about that, it's a topic many people have no idea about. The worst thing is there are more and more scams and crimes connected to crypto, so the 'reputation' of digital currencies is being destroyed all the time.

msarro

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Quote from: Zionatin on December 12, 2019, 12:59:02 PM

Quote from: ?? on ??

They say bitcoin has greatly lost confidence. But let's face it, is it better to have bankers who print dollars that are not backed up by anything? Bitcoin even has a mathematical formula, but the issue of fiat funds cannot be called completely satisfying the needs of society. Everyone was interested in the game - they give us paper money so that we spend more, create debts and print money again. Maybe it's time to become wiser and invest in technology? Finally, I see that cryptocurrencies are valued positively in Europe

Now, bankers will say no, we do not support bitcoins, and they themselves will actively try to understand the technology for issuing cryptocurrency. They have no other chance to become part of the community and offer alternative coins to stay afloat. Look for the motives of people, they are hidden, but you should think in a category that is beneficial for the economy. And digital currencies, which also coexist with new technologies, are needed by every country.

Banks will have to adapt to cryptocurrency, because people often start asking questions about who controls inflation, and there are doubts about how beneficial it is to keep fiat in a bank account. And when institutional investors enter the cryptocurrency, confidence in digital currencies will quickly increase.

Banks are just trying to stay in the game for as long as they can since they know crypto is superior to fiat in every way. I will keep half fiat half crypto and that way I have both and it is diverse and I can spend in all sorts of places. Online with crypto offline with fiat. They just need to find a good wat to introduce it to the general public.

Thats a risky move. Putting half of your trust in crypto can be risky as its future is still not clear. I think its better to make it 30/70, 30 for crypto and 70 for fiat related investment ( that can be commodity, gold, oil, equity, forex etc). I have allocated a fixed amount that goes into my crypto invetment portfolio.
We are underestimating the power of banks and think that it will very easily surrender in front of crypto. Lets see.

Zionatin

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Quote from: ?? on ??

They say bitcoin has greatly lost confidence. But let's face it, is it better to have bankers who print dollars that are not backed up by anything? Bitcoin even has a mathematical formula, but the issue of fiat funds cannot be called completely satisfying the needs of society. Everyone was interested in the game - they give us paper money so that we spend more, create debts and print money again. Maybe it's time to become wiser and invest in technology? Finally, I see that cryptocurrencies are valued positively in Europe

Now, bankers will say no, we do not support bitcoins, and they themselves will actively try to understand the technology for issuing cryptocurrency. They have no other chance to become part of the community and offer alternative coins to stay afloat. Look for the motives of people, they are hidden, but you should think in a category that is beneficial for the economy. And digital currencies, which also coexist with new technologies, are needed by every country.

Banks will have to adapt to cryptocurrency, because people often start asking questions about who controls inflation, and there are doubts about how beneficial it is to keep fiat in a bank account. And when institutional investors enter the cryptocurrency, confidence in digital currencies will quickly increase.

Banks are just trying to stay in the game for as long as they can since they know crypto is superior to fiat in every way. I will keep half fiat half crypto and that way I have both and it is diverse and I can spend in all sorts of places. Online with crypto offline with fiat. They just need to find a good wat to introduce it to the general public.

JC btc

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Quote from: ?? on ??

They say bitcoin has greatly lost confidence. But let's face it, is it better to have bankers who print dollars that are not backed up by anything? Bitcoin even has a mathematical formula, but the issue of fiat funds cannot be called completely satisfying the needs of society. Everyone was interested in the game - they give us paper money so that we spend more, create debts and print money again. Maybe it's time to become wiser and invest in technology? Finally, I see that cryptocurrencies are valued positively in Europe

Now, bankers will say no, we do not support bitcoins, and they themselves will actively try to understand the technology for issuing cryptocurrency. They have no other chance to become part of the community and offer alternative coins to stay afloat. Look for the motives of people, they are hidden, but you should think in a category that is beneficial for the economy. And digital currencies, which also coexist with new technologies, are needed by every country.

Yes, for sure they won't support Bitcoin for now and we respect that since they are just telling what their boss told them, but banks are too greedy, for sure that once they have seen the number of transactions encountering everyday by people thru crypto for sure that they will find ways for them to adapt this and will add this to their transactions.

Fappanu

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Bitcoin's status is in good shape today, and it continues to gain development and acceptance in various countries.

It's also a good price today compared to last year, But unfortunately there are still countries that do not allow the use of bitcoin and are even more restricted.

kaeluxdeuz

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I think that Bitcoin is where it should be right now, but it will increase soon, perhaps early next year. Interestingly enough i read this article that might intrigue some of you. See here: https://highworthcitizen.com/btc-may-hit-over-25000-by-2021-says-analyst-that-predicted-btc-to-6700/

Fatunad

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Quote from: tracey77 on December 12, 2019, 10:04:16 AM

2019 wasn't so bad for BTC, besides the price the background is fine. I mean e.g. Ukrain legalized cryptocurrencies and 5th Anti-Money Laundering Directive- hope it will help in regulating crypto market in many aspects

Yes, it wasn't that bad though it may have a lot of news about cryptocurrencies and other countries accepting, legalizing cryptocurrency. Allowing blockchain technology for other countries to make their own cryptocurrency it wasn't that bad. The only bad that i see are those negative thinkers who crypto spreading some fake lies to the crypto community.

Distinctin

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I feel no excitement every day as we aren't able to see any huge price change. Bitcoin isn't really in the bad shape, it is actually in good trend but some people never think it was good for some instances especially when you are buying Bitcoin at $10k, and you didn't get any profit since you've bought it.
I know myself, even I bought some BTC's at $8k and even it drops more but I could still resist my worries and stay calm.

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