Has Bitcoin reached its goal?

[Domanity]

in my opinion is still far away, Bitcoin can not be accepted by many people. there are only a few countries that have received Bitcoin as a legitimate payment tool. Bitcoin's struggle is long enough to be the legitimate currency of his entire world. as a Bitcoiner I hope, more countries will be able to accept the existence of Bitcoin, and make this Bitcoin a legitimate currency. so I am sure, the price of Bitcoin will increase. and the more profits that can be made by Bitcoin players.

[mary0919]

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.

This is not yet the goal of bitcoin price. This is the start to reach its goal. Bitcoin price for now is started to increase and maybe it is still the best time to buy for saving and holding. If you want to be rich then try to hold bitcoin in your wallet for a long time and wait for the price to reach its goal.

[vanjava]

I think bitcoin has achieved that goal. But bitcoin is still a lot to watch for in order to remain stable. I hope the bitcoin in the future will increase and gain prestigious awards.

[BCSHonda]

I think the current bitcoin has not yet achieved its goal. This is just the beginning of the bitcoin stepping into the initial goal, which is the price increase today. The price of bitcoin will surely increase further through the modern blockchain technology and essential human needs today.

[ju5510993]

I don't think BTC has achieved his goal!

Bitcoin is a blockchain system that is completely out of the bank and runs only on the Internet!

The decentralization of BTC is in contradiction with the regulation of government!

So many governments ban BTC.

[Ayyaz Mahmood]

No, bitcoin still don't get its main goal even if we are not talking about its price. There are a lot of people who still have no idea about what it is and I think its goal is to be used by all people in the world. Although It has became popular, many people use it for different purposes but we still see some disadvantage: hacking, banned by some country.

[lamcouz]

If you're talking about bitcoin's price having a heavy crash, then yes, bitcoin has already died a thousand deaths yet always stands up no matter what. As I can see it, bitcoin can only die if there would be no one interested in having it or trading it; the life of a cryptocurrency is entirely dependent on the demand it is receiving, so if there is little to no demand for a certain coin, there'd be no life around it and it would soon be forgotten by people. Currently there are still a lot of people wanting to get their share of bitcoin, so nope, bitcoin is alive and well.

[zenrol28]

Yes it already is. Because bitcoin's goal is to become an online payment solution against double spending without any third party in between. But mass adoption might be bitcoin's ultimate goal, and this may take a very long time.

[online73]

Hello everybody. I think that the crypto-currency market is at the first steps of its development. You can apply this to any crypto currency. And the life of any crypto currency asset is infinite. There will be both falls and ups, but I'm sure that we still have to see the best times when the price will conquer more and more highs.

[Mihail.B]

bitcoin has a lot to grow, now only a small part of the population uses cryptocurrency in everyday life. And the truth is that major players did not enter this market. Very soon it will happen, the Rockefeller family is already looking)

[GregoryPorter]

if its a digital asset the no way. Its still a wee baby. Total money in stores of value top 200 trillion. Bitcoins market cap is around 100billion. Lets say one day it could take up 0.5% of all stores of value which I don't think is a long shot considering the changing spending habits of millennial. The market cap for bitcoin will be at 2 trillion. That would 20x bitcoins price!

[hatshepsut93]

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.

As money, Bitcoin has reached it's goal since the genesis blocks - the technology that allowed it to function as money was always there. The problem is that Bitcoin as payment system is not mature yet - user experience can be quite hard for new users, network capacity is limited, in some cases transaction times are too long and so on. But these problems can't explain why Bitcoin is not being massively adopted, so I think the reason is that most people don't consider switching to Bitcoin because it's still quite new, it has "gray" legal status in many countries and most people are actually satisfied with banking services that they already have.

[MoonJeina]

This might be slightly right in terms of popularity but there is still a long way to go . Bitcoin has definitely earned its name as one of the most "talked about" subject in the world market and has created a great hustle . But if one would talk about its goal in terms of acceptance .. then no . I don't think that many governments have still acknowledged bitcoin as one of the legal entities and have accepted it as a part of their economy . It is very common to hear about bitcoin ban than bitcoin getting legalized.

[Daimon88]

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.

Price is not the goal of bitcoin. The goal is prevailing bitcoin all over the world in the future. Many countries still did not accept bitcoin as their legal currency and the goal is the whole world accepting bitcoin and they use bitcoin as their regular currency. It will take some more time but I am sure that one day it will achieve its goal.

[01asd]

in my opinion is still far away, Bitcoin can not be accepted by many people. there are only a few countries that have received Bitcoin as a legitimate payment tool. Bitcoin's struggle is long enough to be the legitimate currency of his entire world. as a Bitcoiner I hope, more countries will be able to accept the existence of Bitcoin, and make this Bitcoin a legitimate currency. so I am sure, the price of Bitcoin will increase. and the more profits that can be made by Bitcoin players.

I think the btc is just one thing that only the beginning of something bigger. I do not know anything about that, but some people said that, hahaha. I open my mind, and maybe that is true. In my opinion, I think I do not really care about the btc goal or the future economy. I just care about my self, about how can I get profit as much as I can. I want to take as much profit as I can from btc. So I will collect btc as much as I can to invest, and I think the current price of btc is currently down so that we can use this as opportunity to collect btc as much as I can. And wait for the price of btc to go up in the future. I believe that the price of btc can go up more high than this.

[troglobait]

there is definitely no goal until the very close, when the centralized power can not manage currencies, and all power and money will belong to society, only then the goal will be achieved.

[anntlevel]

I'm not referring to the price of Bitcoin (we all know it's going to be $250,000/coin by 2022),

this is not the "price goal", it was one of the many speculation of what the price may be by then.

but the goal that it would be a legitimate alternative to inflationary government fiat currencies.

if by "legitimate" you mean something that the government approves then you are wrong this is not the bitcoin goal either.

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;

there is a simple explanation for it, people don't care about altcoins!

Not only the government fiat currency but the paper currency too, because the goal of bitcoin is a cashless world, where all the people use just bitcoin for their daily needs. The price will increase with the passage of time. May it reach to 25000 dollars till the end of the year.we want bitcoin to be used by all the people in the world in the next few years.

[LindaFallar]

I think Bitcoin reached its goal since there are lots of users of Bitcoin now. Bitcoin goal is not about the price. Bitcoin goal is for people. They makes people use Bitcoin in accessible way and for this, it is one of the goal of Bitcoin. Bitcoin helps people in manh ways.

[akerner]

It is logical that bitcoin will reach its goal when the emission ends.
Why so strange questions?
Or do you mean that bitcoin cost has stabilized?

[illnino]

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 has its own limits. I think absence of Internet is the only restriction for Bitcoin. It can not exist without the Internet. Of course you can imagine the functioning of the blockchain in the local network but this is not the same.