Bitcoin Forum

Just my personal opinion on the matter..

I mean people still like to compare BTC to a ponzi -- well some of the bigger ponzis I've seen make it around 5 years before they start to fall or bust completely.

I'd think after year 10 it would be time to throw a huge party.

it's not about time only, it's about adoption, as i see it, if 1B people or 100M-1B people around the world begin to use bitcoin, we can say that bitcoin made it already, and it was a success otherwise not so much

i would say that it is remained a niche market

Watch the presentation done in the first quarter of 2014 and see where we were --> http://www.slideshare.net/CoinDesk/coindesk-state-of-bitcoin-q1-2014 and compare that to

where we are now --> http://www.slideshare.net/CoinDesk/state-of-bitcoin-2015?related=1  ... Now project that to 3 or 4 years from now, based on the information provided.

It has proven that it can stand the test of time. The Ponzi label was just a figment of a shills imagination, clouded by the money they are receiving to spread FUD about Bitcoin.  ::)

bitcoin made it already.

Yep, I agree. Bitcoin has already "made it". Adoption will only grow over time as far as I can see.

In my opinion it has too.
Having so many with a pure fascination for it goes to show that.

exactly my opinion, damn thing hit $1000 at one point, we made it boys :)

Bitcoin will "make it" when it starts being a viable option in all stores and when most people start using it daily. We will make it when people start looking at Bitcoin as money :)

Can't agree more with this. The only problems that remain are what are we going to do with it.

As an experiment Bitcoin has definitely made it already. Even though not many have invested in it I see that most of the people that should know about it (mainly technical and financial folks). I see a bright future for it although this future might not be exactly what was expected in 2009-2010.

If bitcoin is a ponzi, it would have disappeared when the price dropped from $1200. And the price will never recover. Bitcoin is going stronger and stronger day after day.

Those people are irrelevant as BTC is clearly not a ponzi.

Whether BTC will gain mainstream adoption is another story entirely.

It will definitely make it to 10 years. Thing is, if it is a ponzi, at the most the price would fall to a dollar or so, but again even then it won't die off. No matter what the price, it will continue to live.

bitcoin has already made it imo, its been like what 6years? and its still going strong. 10 years would be a nice achievement though.

Some ponzi's have been around since 1980's... lol

wel bitcoin is not a ponzi, but if your rebuttle to those that claim it is, is to tell them to wait it out for 2019.. thats not really discrediting their lack of knowledge.

inform them that if they think its a ponzi. then gold is too..

after all if your gonna play the wait it out argument. they can easily win the argument with a few examples
Forever living aloe vera recruitment fee
avon recruitment fee
and many other MLM schemes that have been running for decades.

so try to explain bitcoin not as a 'investment' as thats what many see bitcoin as.. show them its a currency.. show them Dell accepting it. and the other 100,000 retailers around the world..

then ask them how many shops accept aloe vera or makeup as a form of currency

Bitcoin has the potential to make it,however we will see how things will work out,because there are a lot of different scenarios which can happen.

For BTC to have value of $300+ of course btc had already made it and with community so active every day, I wont be surprise if one day if more and more online shops will accept btc in the future.

I think it already has made it.  It opened the possibility of a social/financial movement without a central authority.  Bitcoin may fail, but the cat is out of the bag.

Maybe even fiat is one. I don't think any ponzi has survived for so long though. + a Ponzi can lost forever epending on the scheme. Bit coin clearly isn't one, and people who think so should consider all the factors.

I never think that Bitcoin is ponzi. I am also not sure why others think Bitcoin is ponzi. Hopefully their views will be changed by 2020.


Okay. I will be waiting for your virtual party. I am sure many others is going to join the party.

Well BTCitcoin was never a ponzi so it won't happen any time soon or rather never ever in a million years ...it's been 7 years and day after day it gets improvement of some sort... The thing is putting years into basis of something that has made is not right, but putting the basis on how it works should be the right thing to do and how has affected the world so far so in that matter it has been long time that "made it"

It should be how good it is for the past years.
Why? How? and What? not When?
Those are the real question that needed to prove that bitcoin made it. It is just bad from the past but it is getting better now. And I think Bitcoin will achieve more good things and those bad sides will be put in a sealed box forever.

If Bitcoin was a Ponzi, it would have been the most successful one out there. Just imagine that, a Ponzi with $1 Billion VC investment and used as a currency and accepted by more than 250 000 merchants world wide. The Ponzi has also been so successful that mayor banks are trying to copy it.

When the ignorant people pushing this Ponzi nonsense wake up, they would have missed the boat. ^hmf^   

Can you imagine the hype in the news when Bitcoin becomes 10 years old, 15 years old, 20 years old!?
No one will be able to call it a ponzi scheme anymore. They won't be able to call it a passing fad.
The 10 year anniversary is going to be huge for Bitcoins credibility.

Exactly, and that would answer all the critics who have pointed fingers on bitcoins everytime, it would be answer to press and media who always spread the negative news related to bitcoins, 10 year celebration would answer them all and the best thing would be that they will get their answers not by exchange of words but only by the standing tall position of bitcoins  :D

Comparing bitcoin with ponzi is completely wrong. I think bitcoin is virtual reward currency with self sustaining blockchain technology. As bitcoin is being adapted by several merchants we can call it global virtual currency.

Have a nice ring in it. "Global Virtual Currency" i love that.  That could be awesome. From my experiences I have profited from bitcoin and used it as my emergency cash. Yes i have used it so many times without spending something. For those who wants side jobs earning thru bitcoin is better

Well I'll be joining in the party if this actually happens

I actually truely believe that this is possible.

a ponzi is a scam bitcoin is not a ponzi, it really is something new and unique, weather or not it is the leading crypto currency in 10 years is debatable ......

It only takes a small amount of people's wealth to be put into Bitcoin to start raising an alternative economy that will not be part of the actual GDP as seen by goverments, we can grow an entire alternative world of money. It takes a small % of every person using it to make the price go high as the sky, if you do the simple math you will see it. When it's all said and done it all comes down to supply and demand and supply will keep getting shorter as demand grows.

Bitcoin had already hit it's mark in history but can it stain it there that's the question.

Anyone holding 1 in a million amount of coins in 10 years will be rich (that means 21 BTC, technically less since some coins are over forever shrinking the supply even more). Don't say you didn't read this back then.

Bitcoin has grown hugely in the past 2 years.
It only doesn't seem so because it didn't enter mainstream yet, but it's spreading hugely into infrastructures and finance world.
End 2013 it was still a thing for nerds and anarchists, from 2014 up to now it entered the world of large stores and finance, almost 1 billion $ has been spent on infrastructures for Bitcoin. And banks are now scared of it.

Now there will be the battle: first was ignoring, then derision, now it's time for battle.
Banks won't drop the game easily.
But my opinion is that if Bitcoin makes it for 2020, it will become global before 2025.

There's an interesting interview with Bitcoin evangelist Antonopoulos here (http://cointelegraph.com/news/115722/bitcoin-left-for-dead-hundreds-of-times-still-alive-and-kicking), it would put peace into your heart if you read it :D

remember that the media puppets can make up lies for the government and the population will swallow it...
when someone uses a gun and kills someone everybody blames the gun and not the person.... same can be done with bitcoin..

I think 10-15 years is the make or break mark. The first ten years is the easy bit. Transactions in whatever form they are will have to rise or the falling block reward is going to cause mining to falter if values aren't on the up. The ideas it has fostered will live on forever but if it's still effectively nowhere by 2024 I think Bitcoin itself will be on its way to fading away.  

If Bitcoin can make it 10 years that will show there is a trong community behind it, and it will likely not fail anytime soon. At 20 years, if Bitcoin is still talked about like it is these days, I would say we have officially "made it". If there is still a strong community after those 20 years, it likely means that Bitcoin is now a huge thing and is destined to stay around for a long time. The challenge now is making more good publicity for Bitcoin to make sure we can reach the 10 year mark.

in either case bitcoin, need to sucks a portion of fiat, a big portion, if you want the value to be really big in the future

so fiat in the end will partially collapse or reduced greatly in power and more worthless

Well I hope you realize that you'll be celebrating nothing more than an assumption. The exception to this would be if Bitcoin has found its place in the world and is no longer the rebel it currently is. Right now Bitcoin is like a righteous naive teenager who thinks he/she can solve the world's problems. That's what all teenagers and every new generation think when they first meet the world, the reality check comes later.

Hmm is maybe less than 5 years and I think that bitcoin have made it already.
The only thing to do now is that all of the people need to know about bitcoin.
And than I Bitcoin just ultimate made it.

Some people think that bitcoin al ready made it.

It is so. Bitcoin did it, but I just wish I just can do daily groceries with bitcoin.

Yeah I think so. That only proves that bitcoin is really a long term investment if it reach 10 years and it is still alive. By that time i guess lots of people are really interested in bitcoin.

Yea, you've made it... Even I am already using it.

And that is something.  :D

So, if Bitcoin indeed has "made it" then let's bump the version number to 1.0 :)

You can already see many mainstream media giving us huge attention and starting to acknowledge us. These are the same media that were always accusing us of being a ponzi and how we will just dissappear one day.

Yes, the declining price has worked in their favor the last 2 years. Now after we have seen this trend reversal, many of them are starting to scratch their head and wonder, maybe this thing is for real after all.

Ok so we have 3 more years to go to each the 10.
Right now the BTC user base is probably 1 to 1,5 million users and the value is ~$360.
How much more users and main stream media attention, growth in value etc. do we need to be fully accepted and being able to say "we've made it"?

I'm curious about your estimate of 1-1.5 million users.  Although knowing for sure is impossible, have you read any recent, compelling research that suggests those figures are accurate?  Adoption is a critical metric to track but other than the figures self-reported by online wallet services with KYC barriers, it seems difficult to even venture a guess at a headcount.

Did bitcoin not made it since it was born? Having a value internationally is difficult to get. Try making something and try to sell it. Will it have a value just like that? It needs a lot more than that. Bitcoin did it when it was born.  That is still a success.

The fact that btc dropped to 250-300 and stayed in that solid range for many months proves it can be a stable"ish" investment.
At least more stable than it was spiking up and down like crazy everyday. As exciting as those days were it scared off investors.

I think it has already made huge steps and would say it has made it. I mean we have Atm cards now! wasn't even expecting
that this soon.

people cling to all sorts of bad commodity investments and old technology for no good reason all the time, so of course bitcoin will still be around in 10 or 20 years. That doesn't mean bitcoin has 'made it', though

it's 2015 and people are still using Minix, there are still people posting to Tamagatchi forums, and there are still people snapping up new beanie babies