Has Bitcoin reached its goal?

[Bosx1ne]

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.

The bitcoin is not yet a global payment system but I am sure that the people will patronize it in the future. There a high possibility that the bitcoin will become our future economic system.

[knggtrrz]

Everything is in anticipation and there is no accurate source of information that determines Bitcoin's fortunes until 2022. While Bitcoin is currently slipping.

Yes we cannot really tell if bitcoin already reached its goals as bitcoin continues to grow and yearly new achievements have been reach but still keeps improving most specially with its price.

[Festy_Pay]

Surely the aim for Bitcoin was to create an environment where one currency can be sent or spent anywhere in the world without having to pay banks for conversion rates and service charges as it can be done autonomously and relatively cheap. So with these goals I think we have a bit to go yet.

[Impulseboy]

Although there are a lot of people who are using bitcoin now, I do not think it has reached its goal yet. What even is the goal of bitcoin to be exact? Is it to become the world's only currency? Replace fiat money? If that is it then it might take another 10 years for a development to even happen.

[Lion_ashy]

Hmm this is a deep question!
i think a man's goal never be achieved, he desires for more and more so i think goal is not achieved yet, on the other hand, other cryptocurrencies will also be growing day by day. In short people are moving towards cryptocurrency.
Even though we hope by 2022 it's price will be $100,000-250,000 yet we can't call that it's utmost achievement. So sometimes goals might be infinite.

I stand to be corrected though. I don't have any merits yet. 😁

[samsamuelson]

According to https://www.coinreview.com/bitcoin/
"Bitcoin itself and its transactions cannot be regulated or controlled by any entity or government. What can be regulated is the trading of BTC and exchanges can be forced to do KYC/AML (know-your-customer/anti-money-laundering) and to reveal user data for tax reasons. These regulatory aspirations are currently ongoing and will be handled by every country differently."
So, I think it is quite the opposite situation. I think the Bitcoin's goal wasn't the price or the acceptance, I think the main goal was anonymity. With all these regularities people that use bitcoin for their transactions won't have that freedom anymore. I've personally used bitcoin in order to buy things on deep web, things I didn't want anyone to find out, and now in the future I won't be able to. 

[tungaqhd]

I think bitcoin have not yet reached its goal, it is still facing with many problem in the network like transaction fees and speed, security even developers are working hard every day.

[bennypagulayan]

Almost the purpose of BTC is quite ambiguous, people come to this market only for speculative purpose, regardless of buying or selling, so I think we should not sell and expect and wait. wait

[Dhaniii]

in my opinion if to become a transaction tool and facilitate transactions, bitcoin has reached the goals. many people used bitcoin for transactions, like BMW, KFC which also uses bitcoin for payment. so I think bitcoin has reached the goal.

[avtonomro]

Still not.. The BTC goal is to be used worldwide by EVERYONE!
This is what it is designed for... But we're still far from that use, so we need some years more. Just be patient.

[Irwandho]

Bitcoin already reaches its goal by making a peer to peer network usinh blockchain technology. But I believe that it will not stop eventhough it is already complete. It will not stop to make some innovations and resolve all problems regarding with transaction, charges and security. Unless, if Satoshi Nakamoto will die or he don't want to change anything from bitcoin but I am sure that lightning networks come from his idea.

I think mass acceptance and adoption must be made to make these things possible for bitcoin. Because the main reason for having bitcoin for now is to have a decent form of investment and to deal with trading platforms where the possible goal of bitcoin is to be an eye universal money in the form of cryptocurreny that can support transaction systems for the future and become a stable investment method for people who can be used in trading.

[sagittarius1]

No Bitcoin hasn't achieved the objective yet, Bitcoin expected to be the world money where everybody on the planet can utilized it to purchase anything, now the appropriation rate is still low, and the administration continue obstructing the reception, and the Bitcoin highlight itself still not yet prepared, the speed and the expense still troublesome, so I think require more opportunity to embrace this innovation

[drm]

Still not.. The BTC goal is to be used worldwide by EVERYONE!
This is what it is designed for... But we're still far from that use, so we need some years more. Just be patient.

And to add to that the initial goal was for bitcoin to be used as a currency.

[Topsmark]

not again.its at least$ 50,000 and no less. I'll wait .until January. ..

[muhdede]

No Bitcoin hasn't achieved the objective yet, Bitcoin expected to be the world money where everybody on the planet can utilized it to purchase anything, now the appropriation rate is still low, and the administration continue obstructing the reception, and the Bitcoin highlight itself still not yet prepared, the speed and the expense still troublesome, so I think require more opportunity to embrace this innovation

but back again on the goal and marketing of bitcoin in the world currency, it is still very doubtful because it is still not in accordance with the provisions of the use of the real currency unless bitcoin already has legality in the eyes of the world law I think it might happen. because we know that Bitcoin is still the object of the crypto currency formation process

[imesh4you]

Not yet. At this moment, Bitcoin's price not good. The whole market is in a huge drop. However, Bitcoin has not reached the target. But we saw at the end of last year BTC price increased around 20000$. But unfortunately, Now it decreases to a very lower price. Anybody knows what is the target of Bitcoin? My idea is, BTC has a great future, Maybe Bitcoin can become world largets valid digital currency in the world.

[Javak]

The observation is correct and will say if the people will allow bitcoin fundamental and principles to guide them in their handling of transactions then it will surely achieve its goal in relationship to the fiat money

[cetald]

Bitcoin, like the entire cryptocurrency market, is now at an early stage. There is still a long way to go, including the adoption of various regulatory measures. Without regulation, bitcoin is not popular, as banks will not be able to accept it. Or the whole world financial system will collapse and then bitcoin will be super-popular. Anyway, bitcoin is still far from his ultimate goal.

[Janeterrekg]

Not totally but BTC had almost getting reached its goal all the peoples starts using BTC to their daily transactions and
The goal of BTC is to get accepted by all countries and governments and it would get full filled in coming feeling more years and all the people of the world will us bitcoin and they will gets profit to their wallets who use BTC. 

[federicho]

So far I have seen that bitcoin has not fully reached its goal. It is true that bitcoin has already begun to be used as a means of payment but I think if the main goal is to replace fiat currency it will not be achieved even until 2022. Of course there will be many factors that will be considered by a country's government in deciding bitcoin as a substitute for fiat currency .