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Topic: What do you think of the current status of Bitcoin? - page 4. (Read 1334 times)

newbie
Activity: 39
Merit: 0
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
member
Activity: 1204
Merit: 11
If we compare the current situation of Bitcoin to its past situations I think it's not on right track we should not forget the big boom during December 2017 to January 2018 but I hope Bitcoin will be on right track as we can see there are many countries are accepting Bitcoin as a payments method which is a plus point for Bitcoin and it will be very effective to increase its value more in near future.
sr. member
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
There re several countries to be the first who legalize BTC. For examples, Ukraine  Wink

And hopefully there will be more counties like Ukraine in 2020. Anyways, even this question is too controversial. 

I hope that when most of the country legalized bitcoin, it came or go beyond its price in the future. In reality, bitcoin price drops so that factor makes other countries to not legalized this cryptocurrency. When they see that this bitcoin is less certain than fiat, i'm pretty sure that they will choose fiat over bitcoin.

Maybe more countries will adopt bitcoin when it become the star in all cryptocurrency again. But for now, let other countries invest and trust bitcoin.
sr. member
Activity: 938
Merit: 250
of course bitcoin experienced a very significant increase compared to 4 years ago. and I'm sure bitcoin will continue to grow. every year the user and volume of bitcoin trading is always increasing. and although at present the countries that accept bitcoin are still few, I am sure in the future there will be more countries that accept bitcoin.
now bitcoin has become the main currency in cryptocurrency and bitcoin also dominates the crypto market.
jr. member
Activity: 289
Merit: 3
Currently bitcoin is not performing as per the experts prediction, let's see what will happen in the upcoming years.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

For me every year and every day has been amazing and awesome!!

Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

I know there are so many reasons but, I cannot recall all of those.

Write it down below if I have missed something.

1. Don't compare price with "last 4 years" (i mean short term period), compare it from like the beginning. You will see on average how much we have developed and the price has increased.
2. Still less. Only few websites are accepting bitcoin directly.
3. Only those who don't understand the concept behind bitcoin, call bitcoin a ponzi scheme. just ignore them!
4. The concept behind the technology isn't some sort of rocket science, so its actually easy to understand if you try to understand.

Yup and that's normal, imagine that the bitcoin continues from growth? How was the trade and the crypto works? I mean if that happen then everybody must hold to buy and buy bitcoin and no one would sell it so it must good thing that the price is volatile.
sr. member
Activity: 1876
Merit: 318
It is remarkable that the growth of bitcoin from being created until now has achieved some success, starting from the price increasingly
expensive. Then mass adoption is growing rapidly, as evidenced by the many bitcoin ATMs that have been spread across various countries
and also many merchants that accept payments with bitcoin. In my opinion the current status of bitcoin is not yet received official recognition
from most countries in the world, but most countries in the world also did not banned against bitcoin. Indeed there are some countries that
have legalized bitcoin officially, such as Japan and Ukraine, but the amount is still small. I hope that in the next few years the status of bitcoin
will change for the better, if possible, the status will become legal all over the world.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

For me every year and every day has been amazing and awesome!!

Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

I know there are so many reasons but, I cannot recall all of those.

Write it down below if I have missed something.

1. Don't compare price with "last 4 years" (i mean short term period), compare it from like the beginning. You will see on average how much we have developed and the price has increased.
2. Still less. Only few websites are accepting bitcoin directly.
3. Only those who don't understand the concept behind bitcoin, call bitcoin a ponzi scheme. just ignore them!
4. The concept behind the technology isn't some sort of rocket science, so its actually easy to understand if you try to understand.
legendary
Activity: 1610
Merit: 1003
You are correct in saying that from 2016 till date, bitcoin has made so much advancement in every aspect. Still a long way to go before coming into mainstream payment system.
If we go back and compare where Bitcoin is standing from the start of its journey in 2008 to present date its more amazing, in term of price, adoption and use cases.

the problem is that many more people joined in 2017 so majority probably so far lost on bitcoin

the problem is, why people join in 2017, not in the years before? people just believe when that thing go up first, than follow without thinking the next problem. and it cant be say that you lost bitcoin if you still have bitcoin
copper member
Activity: 98
Merit: 0
Bitcoin is and will continue to go strong for it being maybe the only one with several solid use cases.
jr. member
Activity: 60
Merit: 1
Aside the price of bitcoin which many keep on ranting about as they can't hold their balls any longer everything is going on fine with me. Rightly as you said, the exposure of bitcoin is getting larger and larger hence many people are getting to know about it more than they did a decade ago. What is really stifling the growth of bitcoin is the bad breath from governments and strict rules and regulations concerning it. On general i think we are doing good and 2020 will definitely be a good year for all bitcoin holders.

You speak great. I do not pay attention to haters, I also see the popularization of bitcoin and I am sure that 2020 will be very productive for the coin
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
Aside the price of bitcoin which many keep on ranting about as they can't hold their balls any longer everything is going on fine with me. Rightly as you said, the exposure of bitcoin is getting larger and larger hence many people are getting to know about it more than they did a decade ago. What is really stifling the growth of bitcoin is the bad breath from governments and strict rules and regulations concerning it. On general i think we are doing good and 2020 will definitely be a good year for all bitcoin holders.
member
Activity: 252
Merit: 40
Apparently, bitcoin is not in bad shape right now, it is holding a hefty price tag, which is what other Altocoins are doing. More and more companies are returning to use or introducing bitcoin, which is great for our users.
But I think the period that follows is not easy for bitcoin, according to recent analyzes, there are fewer people holding Bitcoin.
jr. member
Activity: 128
Merit: 2
Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

For me every year and every day has been amazing and awesome!!

Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

I know there are so many reasons but, I cannot recall all of those.

Write it down below if I have missed something.


The increasing of value, how much acceptance has grown and the coin has risen in price because of trust in it. This is very important, because it is trust that is the most valuable what Bitcoin has
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.

Yes and it is a good sign and indication that the number of users is still increasing rapidly and that investors are also increasing their trust to Bitcoin and that there are also businesses who were using Bitcoin as one way option as their alternative payment, which attracts more users and awareness to the people.
For me, at this moment the best growth of bitcoin is been accepted in different payment method and many companies is now recognized as money. Besides, many people already know what bitcoin is but still, they are not capable to invest because they are afraid and some of them does not have knowledge about it. In terms of the price of bitcoin it still not in a good condition but somehow we could say that after halving we can full recovery on it's price. As of now, more countries started to legalized bitcoin and it is a good start on spread the word bitcoin.
hero member
Activity: 2110
Merit: 502
Rather than talking about the price, as an overall insight about bitcoin, Bitcoin community is continuously growing every year. A lot issues and problems Bitcoin had faces through the years but it still remains the same– even stronger actually... We are slowly by slowly moving forward to mass adoption. It will take quite a lot of time, but as long as we keep on believing in Bitcoin, they can't stop its growth.
bitcoin development from year to year in my opinion continues to increase, now many countries have begun to talk about it plus the adoption of blockchain technology which is currently starting to be used, for example in France they plan to adopt this technology for learning. so I think bitcoin will continue to grow with the technology it has

There is a moment that we will see at the end or in March 2020, maybe there will be a significant increase in prices in all markets, although it is quite impossible but we can see that many countries have used the blockchain system and even remote countries have used a system that using the blockchain and we also don't know in the future how bitcoin will grow in the eyes of its people, I'm still optimistic that bitcoin will grow bigger than in previous years ...
sr. member
Activity: 896
Merit: 251
We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.
If the growth of Bitcoin has increased compared to last year, why the price not better than last year? Whether the growth of Bitcoin always make the price will be good? 
if we just look at the price then you can argue that way, but in other respects that is existing technology, bitcoin has grown because the adoption of the blockchain has been quite a lot in terms of education too have begun to look at
sr. member
Activity: 812
Merit: 260
We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.

Yes and it is a good sign and indication that the number of users is still increasing rapidly and that investors are also increasing their trust to Bitcoin and that there are also businesses who were using Bitcoin as one way option as their alternative payment, which attracts more users and awareness to the people.
sr. member
Activity: 1246
Merit: 254
Trphy.io
We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.
If the growth of Bitcoin has increased compared to last year, why the price not better than last year? Whether the growth of Bitcoin always make the price will be good? 
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.
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