How do you measure the success of Bitcoin?

[Valer4ik]

It is very good that those who see in the cue ball will only profit from the topic. But these are not the majority.

In general, I am confident that the crypt will punish all the greedy and greedy people, slowly and surely shake out of them most of the money and redistribute them to those who take the money calmly and not chasing them, a period of 5-10 years.

You are probably young and do not know how with the collapse of the ruble in 98 people tried to get their dollars from Russian banks, they stood in queues for several days, many did not succeed at all. So, especially in the bank before the crisis money is attributed, it looks very funny.

[1714688338]

1714688338

[1714688338]

1714688338

[1714688338]

1714688338

[1714688338]

1714688338

[Sandus_Cryptolover]

The success of Bitcoin to me is based on it ease of use in terms of payment and speedy transactions timeframe. Thus it gives all users stress-free scenario when processing transactions with an assurance that the fund will get to the recipient(s) within few seconds to minutes.

[tenakha]

We need to undermine and even destroy the relationships banks have wirh governments. Let's not forget they are the engine of elitism.

But most owners expect this to happen. The acceptance of Bitcoin as it is will not hurt anyone on the contrary it will cause more people to be attracted and used as a payment method.
We can evaluate Bitcoin among us but its value will still be worth of USD and we are still in the arms of the government. And if the government announces that using it is crime, who do you think will accept Bitcoin as a payment?  

[Crypto_Samuel]

The number of holders and users. It should be used as much as possible apart from trading to become real success.

[bitbunnny]

I'm with Bitcoin since 2013 and I can say that in five years Bitcoin has achieved huge success. When I compare the value, number of users, acceptance and attitude of people toward Bitcoin back then and now it's clearly visible how things have changed for the better.
I have to say that the price is not the only thing that can be used to estimate the success of Bitcoin so you shouldn't judge it according to the current price level.

[Msile]

Right now I measure the success of bitcoin taking a look at the adoption and volume, I think bitcoin was made to make transactions and replace or at least complement the traditional banking system, so I'm looking at the weekly volume, to know how much has moved and if interest in the public continues despite the low prices.

[ratatat bangbang]

There are lots of thing to measure success of bitcoin. One of those is the popularity and number of investors in it. It simply says that it is good for investment.  It could also be measure through the number of years it existed though passing ups and down. The most important is trust from different people.

[Roukawa]

There are lots of factors that can be a measurement of success in bitcoin. People see it as success when it comes to the price. If the price of bitcoin is surging then the people wanted to buy it. I look at the development of bitcoin as its success, why? Because we would not buy or invest something without its future. We buy bitcoin because we know it works due to its full development.

[a4techer]

There's a lot of factor that bitcoin measures successful if we can take it on numbers of successful there are so many to find it out just like from the rank of nothing but now bitcoin was the number one and lead to all cryptocurrency and as we can see how much the value of bitcoin from $1 and reach $20,000 see that successful and their are so many celebrity, businessman and so on who invest their million dollars of their money in bitcoin.

[zolfa]

I measure the success of BTC, looked by the volatiity that always grows well every year, from being worthless to being very valuable, destroying the relationship between banks and the government is not the main focus of BTC, but slowly, BTC growth will make them panic, fear, and feel threatened.

[rodskee]

100% bitcoin become scucessful after this all trail and trouble face by cryptocurrency
But ofcourse need to continue people's support to got success in the future and all bad news from crypto will end

[yazher]

The success of the bitcoin is from enthusiastic of the people using it and from the support of the company that want to develop a block chain technology. as well as from the local exchanges that keep the bitcoin price high until now. $4000+ is still high anyway. but honestly if these people won't care about it anymore that's when the price will go down dramatically.

[Finestream]

100% bitcoin become scucessful after this all trail and trouble face by cryptocurrency
But ofcourse need to continue people's support to got success in the future and all bad news from crypto will end

I think bitcoin to celebrate its 10 years of existence is already a big success.Because i know there are already a lot of people who have benefited the potentials of bitcoin and are now living a profitable life within this 10 years of bitcoin's existence.Hopefully bitcoin will still be successful in the next years and will come up in a global adoption.

[hadveach]

in my opinion, the measure the success of bitcoin is measured by the credibility of BTC that is able to survive from every FUD, and until today BTC still has value, and always has great popularity.

and also BTC transactions between countries can be done quickly and by a low cost.

[khaled0111]

You mean we have to distinguish between Bitcoin as a currency and Bitcoin as a technology.
The technology is a revolution in itself and no one can deny this fact.
Unfortunately, 99% of Bitcoin users are interrested in the currency and how to make profit from it which is not helping the technology.

[Cryptotissue]

Well, the success of bitcoin should be measured with its market volume and market cap at a particular point in time, like its market volume within 24hrs.  Most people measure crypto coin success based on the coin's market price at a particular point in time, which is not supposed to be that.

[btc-room101]

You mean we have to distinguish between Bitcoin as a currency and Bitcoin as a technology.
The technology is a revolution in itself and no one can deny this fact.
Unfortunately, 99% of Bitcoin users are interrested in the currency and how to make profit from it which is not helping the technology.

BINGO we have a winner, especially this forum, its should be called the 'bitcoin-talk-to-moon-org'

BTC is a winner, if you survive 1-3 years in biz, your a winner, btc is now 10 years old that is SURVIVAL big-time, BTC is already geriatric;

The sadest thing for me is that BTC instead of being private & secure, has become just another LOTTO for sheep, where lotto is a tax on stupid people, bitcoin is a tax on geeks.

BITCOIN was to be MINED, not bought, if you mined your costs were ZERO, if you bought, then you lost.

Speculation ALWAYS leads to gamblers RUIN, especially when you put in the entire pot.

Study 'kelley criterion', the guy wrote the book on investment calculus, F=2P-1, where P is the probabilty of the win, and F is the factor of how much you invest.
If you have a 50% chance of winning you invest zero, if you have 100% chance of a 90% loss like bitcoin, then you sell 10% of your NET-Worth. Unless you have a 100% chance of winning, you don't bet 100% of your net, in the case of BTC, most people went on credit-cards and bet their entire net-worth, with a 50/50 chance of loss,

The smartest move was to buy ZERO.

BITCOIN uses the same math, its in satoshi's paper the entire '51%' double-spending problem is based on the theory of enormous numbers invented in the 1700's. Only when 'sure thing' exceeds 50% do you 'invest', but even then, only a small fraction of your net-worth.

The entire BITCOIN scam is the class 'gamblers ruin', to the poor-house, wiping out all your wealth.

BITCOIN was meant to be MINED, not bought, when you mine bitcoin, you have a sure-thing, for a known cost ( investment ) you get a known return probability of 100%, but of course TODAY mining is NEGATIVE, that is it costs more in electricity than the value of BTC, so you don't mine, and you don't buy.

At what 'floor point' in BTC do you buy? Today we don't even see a floor in the current horizon, perhaps in a year or so, we can use mean-reversion, and predict a certain-profity percentage, and using kelly-criterion get an investment fraction, but today you would be better burning your money if your goal is total loss.

[Indrawan77]

I think the best way to measure bitcoin successful is from the adoption, the main idea of bitcoin was to be able to used the currency globally, so the more shop or countries accepting crypto, its mean that the bitcoin become more succeful, tge price is not the measurements, but it can indicate that how interested people with bitcoin

[jossiel]

IMO, those you have mentioned are what we are using as measurement of bitcoin's success. But we can't also settle its price because that tells on how mass its adoption going. Due to the level of adoption, it will create a higher demand that will turn its price higher.

Bitcoin as a currency is also going to its success, adoption is coming to it and we can't ignore that there's a wide range of its usage now. And bitcoin as a store of value, what's the problem of it if people are determining their bitcoins as store of value? it's gold for most so I don't see any reason for it to be hated.

[lyks15]

I think the measurement of being bitcoin successfull is not a huge price value or even a stable price status. Or even a world wide popularity. I think the real measurement is the function of bitcoin that can help other people to improve their live and to make it better in terms of transactions or even in terms of investment. All we know that every country suffer in many problem if bitcoin can be the cure we can say that this is bitcoin's success because we see that even the brightest or powerful leader did not remove the nation's biggest problem like poverty,criminality and unemployment and I think bitcoin is the key.