KeijiN
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August 08, 2018, 09:24:41 AM |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
Yet while we are not paying for the goods and services with our bitcoin directly I think that the goal of Bitcoin is not reached yet, but we are heading towards it, indeed we are. Day-to-day. |
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Heleacce
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August 08, 2018, 09:33:20 AM |
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No, bitcoin still dont get its main goal even if we are not talking about its price.
Many people still have no idea about what it is and I think its goal is to be used by all people in the world.
It will be quite hard given the fact that there will be only 21 million Bitcoins ever and at least a million of them is already out of cirrculation due to lost privkeys etc. |
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Robert Hirsch
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August 08, 2018, 09:42:02 AM |
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I'm sure the bitcoin will multiply! But to become a currency of exchange in many countries is very difficult
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djmixen
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August 08, 2018, 09:49:43 AM |
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Let me add my opinion, well i gues the bitcoin will reach its goal in the future because there are many invented that some company want to involve or connect to the world of blockchain technology, i guess this was a sign of all people will be attract to use it.
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manfredmann
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August 08, 2018, 09:59:24 AM |
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No there are still plenty of rooms for bitcoin to grow like the system still has to be develop and looking towards on how it will be used. As we all know that cryptocurrency or bitcoin is one of an advance innovation that could change the world for good especially in terms of digital form of currency.
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wahyu5
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August 08, 2018, 10:07:19 AM |
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I see the main purpose of bitcoin is to become a world currency that is valid as a legal payment instrument throughout the world, so bitcoin is the first cryptocurrency to become the world currency. The purpose began to be seen soon to be achieved, because currently bitcoin is trusted by many people around the world, and has been used for several transactions in a particular company. So that bitcoin will slowly become the world currency, and that is the main goal of bitcoin for me, so now I see that bitcoin has not achieved its goal, but that goal I see will soon be achieved by bitcoin.
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Fatanut
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August 08, 2018, 10:13:12 AM |
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It will be quite hard given the fact that there will be only 21 million Bitcoins ever and at least a million of them is already out of cirrculation due to lost privkeys etc.
It doesn't really matter much if that much has been lost because 1 bitcoin can be separated into smaller units. Bitcoin doesn't have to be completely 21 million in numbers to be able to accommodate everyone in the world. The decrease of bitcoin in circulation actually kinda helps for the price increase of bitcoin since it will be more volatile. How do you really know that, Bitcoin would hit 250000$ at year 2022.  There really is no way to know what will be the price of bitcoin at a certain time in the future so anyone who claims anything like this is basically just guessing that's why I never really trusted speculations although it's sometimes fun to hear their "explanations". I want to respond to your thread title about the purpose of creating bitcoin, I think the purpose of creating bitcoin to date has not been achieved because satoshi assumes that a good currency is not controlled by the government or central bank. As long as bitcoin is still a tool of investment without in use as a means of payment , bitcoin has not reached its destination.  You can use it as a way to pay but only for digital transactions. Transactions IRL are mostly paid with fiat money which you can buy with your bitcoins. So indirectly you're buying things with bitcoins. It will take a long time before we can directly use it. Bitcoin's main goal is to become a world currency. but that is impossible with the reason that the limited amount of bitcoin is only 21,000,000 in the world.
where might divide 21,000,000 bitcoins for the whole world. it won't be enough.
bitcoin is more suitable as an investment asset.
1 bitcoin can be divided in much smaller units. It's not like we're supposed to have 1 whole bitcoin, 2 whole bitcoins. It grows because of the HYIP and no more,this is the problem and the demand will fall and bitcoin will not be needed, there are many altcoins that are more profitable than bitcoin .
Don't be crazy. Altcoins are only profitable in the short term. Altcoins die right away. Once the majority of the bounty hunters have dumped the coin, it's very unlikely that the coin will have anymore future. As you can see, most altcoins don't really have a future anymore. It's profitable only if you're lucky enough to dump before everyone else. Otherwise, you'd be losing money. I'd put my money in bitcoins instead and just wait out a couple of months. It's a lot less risky than holding an altcoin only to find out the next morning that the devs are already gone and everyone has already sold their coins and your money is basically gone. |
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tyronecoinbit
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August 08, 2018, 10:23:52 AM |
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I see the main purpose of bitcoin is to become a world currency that is valid as a legal payment instrument throughout the world, so bitcoin is the first cryptocurrency to become the world currency. The purpose began to be seen soon to be achieved, because currently bitcoin is trusted by many people around the world, and has been used for several transactions in a particular company. So that bitcoin will slowly become the world currency, and that is the main goal of bitcoin for me, so now I see that bitcoin has not achieved its goal, but that goal I see will soon be achieved by bitcoin.
Bitcoin goal will reach soon. It's getting possible now that there are companies that starts accepting bitcoin as mode of payment. Governments are not legalizing bitcoin, but they do recognize bitcoin. Maybe it will be legalized soon. We'll hope for it. |
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bjmpoker001
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August 08, 2018, 01:51:04 PM |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
Bitcoin goal is to become a peer to peer payment model. For now, it is partially reaching the goal because some peoples use it for buying something. But most peoples use bitcoin as a speculative asset to hold |
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Sand King
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August 08, 2018, 01:54:42 PM |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I do not think that bitcoin really reached it's goals because we know that until now that bitcoin is not fully accepted by all the country , and for me bitcoin will just reach there goals if almost all goverment will accept bitcoin and when bitcoin can also be used as our alternative currency. |
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nina_duschenko
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August 08, 2018, 02:04:12 PM |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I`m sure it`s not the top of iceberg, bitcoin will change all or disappear forever |
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Asusnumbaone
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August 08, 2018, 02:48:21 PM |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
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alexlee4694
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August 08, 2018, 02:52:22 PM |
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The primary goal of Bitcoin was to provide the people a mode of payment that will remove all layers in between, thus the peer-to-peer system.., I believe that with our efforts now as well as the policies of some countries accept Bitcoin will be a big step to achieving the goal.
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baconlike
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August 08, 2018, 02:54:56 PM |
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Nowadays, it is difficult for anyone to know exactly what is the purpose of BTC, everyone involved in BTC just for speculation to make profit, we do not think much about the use of BTC.
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Javak
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August 08, 2018, 03:01:57 PM |
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If Bitcoin goal is to change fiat currency, as of now has not reach its goal, for the fact that some other countries ban Bitcoin so how can Bitcoin invade the world if there arevplace who rejected it
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CongHoan
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August 08, 2018, 03:08:37 PM |
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puruntung213
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August 08, 2018, 03:11:50 PM |
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For me may be before bitcoin not yet reached its goal but now a days to many people are using bitcoin and some country are also accepting bitcoin especially if bitcoin popularity expand all over the world that time bitcoin can reached it goal or may be above expectation
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Agains
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August 08, 2018, 03:18:13 PM |
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if i know the future  but it won't be lower the price at the moment  |
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henrytran167
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August 08, 2018, 03:22:52 PM |
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it is not of this present, at now bitcoin has lost its price and i think it take several time to restore value and development.
i don't think bitcoin has reached its goal $250,000/coin by 2022, it will take long time to take this, it may be take $100000/coin in this year. this is my opion.
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tamarindbleu
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August 08, 2018, 03:23:49 PM |
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I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022), but the goal that it would be a legitimate alternative to inflationary government fiat currencies. When the altcoin market is examined, it is inextricably linked to the price of Bitcoin. Where Bitcoin goes, so does the rest of the cryptocurrencies. There's even somewhat of a dismissive attitude toward other crytpos in some investment circles; strangely this was a similar sentiment held by those "respectable" investors when Bitcoin was in its infancy.
What do you think? I'd love to hear from some crytpo veterans.
I think bitcoins goal is to be an official currency in the world. And up to this moment, i still know that it is in the process of going to it's goal. Even though it is really hard, since bitcoin isn't used as a currency but an investment or work, eventually and probably it will happen someday. |
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