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Topic: What do you think of the current status of Bitcoin? - page 7. (Read 1334 times)

hero member
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The unconfirmed transactions became lower this year compare to last few years. I remember looking at the numbers of those unconfirmed txs was disappointing but the network has upgraded a lot and lessened it.

2,506 at the moment.

https://www.blockchain.com/explorer?view=btc_unconfirmed
hero member
Activity: 2828
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We are about to see the continuous growth of the Bitcoin network globally. If this huge change and market adoption and therefore, we can expect that sooner or later this mode of payment will be more useful than of fiat.

We have already this kind of awareness, in fact, it continues to spread but the problem is some people think to be just a scam as what some news says. It affects the growth and stability of Bitcoin but somehow, it couldn't be a reason for the stoappage of its adoption. By little to little, the crypto market will dominate over fiat and may help to change negative thoughts turn into positive.
full member
Activity: 756
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bitcoin status in my opinion there is no problem, what should be asked, if the price status, from the beginning many have explained, for the status of bitcoin prices are fluctuating .. so up and down it's normal .. !!
hero member
Activity: 1120
Merit: 554
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The current status is much better than last year. We see that even All time high reached many already believes in BTC since many still don't know it exist. Bitcoin still have lots of future ahead on it, for now let's just appreciate that it still able to pump or increase even some countries restricted the use of it.
hero member
Activity: 2464
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The current status of Bitcoin is good as there are still believers and supports the development even though some investors of 2017 already left out the cause of big loss from their investment.
Bitcoin will achieve more in the next few years aside from being recognized and adopted in some countries. It may not be fully legal but the government is open and not strict in using crypto.
hero member
Activity: 2660
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Also in terms of price, bitcoin has achieved something big already this 2019.

https://coinmarketcap.com/historical/20190106/

from $4k to the current price, that's almost 50% jump already. Of course we would love to see it getting to 5 digit mark, but we will have to wait.
hero member
Activity: 1036
Merit: 514
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. 

Ukraine’s Ministry working to legalize bitcoin and other cryptocurrencies and also provide tax code which may be ready by the end of the year.
Most countries around the world divided into 4 conditions;
- cryptocurrencies are banned and forbidden to use it.
- cryptocurrencies are not banned in the country, have no official status but citizens still can trade it.
- cryptocurrencies are not banned in the country, have an official status and regulated as commodities or assets and people must pay taxes for every profit they earn.
- cryptocurrencies are legal to use as a form of money such as in Japan.

We can expect more people aware of and adopt bitcoin without govs regulation, but it's something that has to happen sooner or later, then taxes will follow behind it.
legendary
Activity: 1652
Merit: 1483
Hi, all!

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

schnorr signatures are finally on the way! sipa published draft BIPs specifying how taproot and schnorr can be implemented in bitcoin:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-May/016914.html

lightning network adoption is also chugging along nicely. as of right now, there are more than 10k nodes, 35k payment channels, and a total of 850 BTC capacity across the network. https://twitter.com/LNstats/status/1204193806758948869
legendary
Activity: 3346
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When you talk about the current status of Bitcoin you can see it from two different points of view:

The economic status: Bitcoin still high nowadays, and the current price brings big speculation, It is hard to predict if it will go up or down. But right now i would say it has a nice price.

The technology status: Right now Bitcoin is in version 0.19.0.1, se we have seen some nice steps in the bitcoin coding this year. So, this side is looking good too.
legendary
Activity: 1666
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STOP SNITCHIN'
I just wanted to ask what you think we as a community achieved in 2019.

It's been another year of constant uptime for the Bitcoin network -- compare that to any bank. That's a huge achievement in and of itself.

In terms of awareness, 89% of American adults have now heard of Bitcoin, according to a survey by The Harris Poll. The survey also revealed that 9% of the population owns some bitcoin.
copper member
Activity: 849
Merit: 18
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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
jr. member
Activity: 121
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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. 
sr. member
Activity: 782
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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.
jr. member
Activity: 58
Merit: 1
There re several countries to be the first who legalize BTC. For examples, Ukraine  Wink
hero member
Activity: 2156
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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.
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