How do you measure the success of Bitcoin?

[thesavoyard]

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

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[Bitdressa]

in my opinion to measure the success of bitcoin is that of the many members who follow bitcoin as the value of this electronic currency as a daily transaction and can also be done anywhere without having to carry a thick wallet with full debit cards and lots of cast money.

[btcluisdiki]

In my opinion, I think that btc's success is measured on how many people are supporting btc as an investment currency and a currency that has been patronized globally as a mode of payment system. Additional measure  of success for btc is the market condition should have been stable enough with minimal down trend unlike what is happening in the current condition.

[dothebeats]

Primary areas of concern for me would be adoption and the amount of places you can use bitcoin, and if those were fulfilled, I can say that bitcoin has become successful. Price is only good for speculation, but without a solid foundation backing everything up, it wouldn't last long and will crumble everytime someone profits big. It should also stick to its ideals of decentralization and giving people the power to be their own bank. It should also be of political influence so as not to demonize the system and be a hub of control and greed.

[Dreamace7]

The normal and accurate way to measure the success of bitcoin and any other coin is to check it's adaptation and acceptance and so far bitcoin has this features above every other coin in the market

[eminemcookie]

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

Who's original goals is it that you speak of? The initial whitepaper didn't speak of destroying banking relationships with governments. That's just what people decided to adopt themselves.

I'm in full agreement that bitcoin's price is not an indicator of its success, because that was not bitcoin's initial purpose. Adoption is the real barometer of bitcoin's success. In that bitcoin is achieving but it still has a long way to go.

[SIDDHI777]

I measure through its usability rather than its price but it doesn't mean I have never consider about the value of bitcoin because it is essential too but its usability and adoption in the world is the key fact that determine how far it's concept has been accepted by the world and how far its core vision has been achieved in the financial sector and the business world and that shows the real success

[mk4]

How do you measure the success of BTC?

While a higher price is definitely nice, for sure, and adoption is definitely really really good, what I personally think we need more out of all right now is ease-of-use. While the wallets we have right now are good enough for us people that are decently tech-savvy, what about our computer-illiterate parents and grandparents? They couldn't even remember their social media account passwords, they definitely wouldn't trust themselves with the 12-24 word seed. I think we're going to need to have better UIs/UXs or better solutions in general for this part, as we definitely wouldn't want them to be reliant on centralized services like Coinbase.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

Goodluck with that though.

[SIDDHI777]

The normal and accurate way to measure the success of bitcoin and any other coin is to check it's adaptation and acceptance and so far bitcoin has this features above every other coin in the market

Of course without a doubt adaptation rate and acceptance from the world is the key factor to determine the success rate of bitcoin and in any country because no matter how high a currency price is at the end of the day if the user cannot do anything with it in real life eventually it becomes useless and will come to an end but with adaption and acceptance even the price is low bitcoin can continue in the future because people will use it to do there essential transactions

[kokobaba880]

If i measure the success of bitcoin i will follow a few things like if bitcoin is valuable to the users it is good and if it is accepted world wide then it is successful and if we have bitcoin but we fell free and it's possession is real then i think bitcoin is successful and i have seen all this features in bitcoin so for me bitcoin is real and successful.

[bedford1972]

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

In my opinion, the success of bitcoin depends on the public, which will accept it as a means of investing and transferring funds at a distance. At the moment, widespread use is held due to speculators and government agencies. Some want to earn easy money, others are afraid of changes in the financial structure of the state. In consequence, it will still take an established place in people's lives and its cost will be significantly higher than the current one. I believe in it and I continue to be engaged in it and to accumulate.

[Mhd-Bobbi]

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

I think to measure the success of BTC depends, if there are many who use or also buy BTC, if I see many platform providers who cheat now, many are confused to measure the success of BTC.

[Dudeperfect]

I mostly agree with the opinion of OP as I believe that this success for Bitcoin should be associated with the vision of Satoshi to utilise Bitcoin as a payment system and it should be adopted across the globe enabling people to transact using blockchain technology without high cost or time. It doesn't make any sense to artificially manipulate the price and seeking the attention of outsiders but on the other hand, there is a satisfaction in the growth of user base resulting in the scalability of it.

[Abal Abal]

I am used to measuring the success of bitcoin with high bitcoin prices, because with the high price of bitcoin it signifies so many bitcoin enthusiasts and investors.

[cetald]

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

Many have begun to panic over the recent fall in the market. But I see no reason to panic. Firstly, it is possible to buy bitcoin at a reduced price. Secondly, after each fall, an increase occurs. This is the law of the market. You need to wait.

[mk4]

I am used to measuring the success of bitcoin with high bitcoin prices, because with the high price of bitcoin it signifies so many bitcoin enthusiasts and investors.

That's not a good measurement of success at all. Long term, it could probably be? Because if a lot of people use bitcoin in the future then the prices will naturally go up. Short-mid term though, I don't think people holding bitcoin just for the sole purpose of making profit and selling them immediately after bitcoin doubles/triples/quadruples is a success at all. Success is when people actually hold bitcoin because they think it's actually a good hedge against fiat in general.

[Stac]

Bitcoin is the first crypto currency started in the year 2009 for the benefit of the global community.Its price has been varied from
0 to 20K USD in the year 2017 December for a span of nine years period.The success of bitcoin can be measured by encounting the utility value of it and its success in the daily market. The success of bitcoin can be measured by considering its daily traded volumes and the market capital.The utility value of bitcoin is very wide such as , it is an investment tool, for trading, a good transaction media with out a third party interference.Bitcoin can be used for the  local and international shopping and also it can be used for the service bill payments etc.Bitcoins market priced has been hiked from zero to 20K in the bullish market and its daily traded volumes also very high comparing to the other crypto currencies..The success of bitcoin can be measured by encounting transactions, market capital ,daily traded volumes etc.

[johnny508]

Success of bitcoin cannot just measure by just considering one fact but many because like many it is a currency too and it should achieve and grasp all the areas that many major currencies has achieved in the history like price, popularity, demand, acceptance and the usability among many industries and trades in the world so every one of them is important when measuring the success of bitcoin

[izanagi narukami]

When every government around the world legalize crypto.
My government decide to ban crypto because it can cause inflation because of it's volatile and high value so they want to protect their people from any harm !
I'm respect on their decision and I'm aware of the risk when I decide to keep using crypto for transaction !

[Snaic]

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success. I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

I also think we should keep the original goals in mind. We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

I'd rather see $100 btc that is accepted by millions of retailers and is used regularly than a million doller BTC that is a false store of value.

How do you measure the success of BTC?

I absolutely agree with you. I think that Bitcoin in these ten years has not achieved its success, for the purposes of which it was created. It never became widespread for use by the payment system and was not legalized by most states. Instead, it has become a speculative means of increasing its value, which is very dangerous both for Bitcoin itself and for the cryptocurrency as a whole. A significant increase in its value drives a cryptocurrency into a dead end, from which there is practically no way out, except through the collapse of the market.