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Author Topic: How do you measure the success of Bitcoin?  (Read 1627 times)
gesdan
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November 28, 2018, 03:25:03 PM
 #61

I measure the success of bitcoin by seeing the users of bitcoin, I there are many people that use bitcoin as their payment system, I think bitcoin becomes a success. but if its not growing, so bitcoin is not success as my hopes

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November 28, 2018, 03:48:00 PM
 #62

For measuring the success of bitcoin we have some easy ways like we can check the holders of bitcoin and we can just need to know that which part of the world is using it while crypto value for us if we know that crypto is available whether we need it or not and is it applicable in the world or not i like to say that bitcoin is the good for us through this we can make our lives more comfortable and good.

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November 28, 2018, 03:53:35 PM
 #63

I measure the success of BTC in terms of it's investment, popularity and trust it gained from whole world. Exactly one year ago there was an investment of 320 billon dollars in BTC and now it is around 80 billion dollar due to a lot selling events. Whole world want digitalization and BTC is the real realization of this dream. Hopefully it will be gain more popularity.

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November 28, 2018, 03:56:05 PM
 #64

I think the success of bitcoin can be seen from the recognition of bitcoin globally as a function of currency.Bitcoin is easier to use, profitable and more stable prices.Bitcoin fluctuations are more stable in price movements.And most importantly, bitcoin can be applied to all types of transactions.
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November 28, 2018, 04:04:26 PM
 #65

The measure for the success of Bitcoin i think is very large and many.Bitcoin was born and changed the views of many people about the use and purchase transactions.Thinking of us also change and Bitcoin elevates the lives of so many people. I think people are interested in it and this proves Bitcoin's success.
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November 28, 2018, 05:52:39 PM
 #66

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?
People focus in the price because in a way it is the best way to measure all of things you say, the price of bitcoin is going down precisely because it is not very successful at begin adopted all over the world, but if we get to the point in which most retailers stores accept bitcoin you can be sure that its price will be incredibly high in order to reflect that reality.

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November 28, 2018, 08:03:23 PM
 #67

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.

The problem is that the price is a measure of success. a $100 Bitcoin accepted by millions is impossible because of its limitations. With holders and lost Bitcoins in mind you won't have more than 10 million Bitcoins in circulation, and now it's probably much less. Price will follow acceptance.
I'm not obsessed with it but if a developing technology goes back in price to where it was 2 or 3 years before it shows that it's not developing but getting rejected. We can't ignore it.
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November 28, 2018, 08:10:28 PM
 #68

Influential players of the crypto world have repeatedly stated that cryptocurrencies such as bitcoin and ether have created an alternative financial system insufficient to justify a market capitalization of $ 500 billion.
Antonopoulos believes that cryptocurrencies can change the financial system, and the growth of the crypto industry and its success can not be determined by the price, as the market develops according to its own laws. The adoption of technology is crucial.
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November 28, 2018, 09:40:50 PM
 #69

I also believe that the success of bitcoin is measured not by its value, but by its mass use. If bitcoin can be used when buying various goods in stores, or as payment for some services, then this will talk about its success.

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November 28, 2018, 10:14:31 PM
 #70

I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success.

let's assume that the bitcoin price was $1, do you really think that bitcoin would have a lot of attention and success? How many miners are mining bitcoin? how many exchange would exist? how many people would know about bitcoin? how many institutional investors would be interested in investing in bitcoin? the increase in prices arouses people's attention. crypto have a lot of attention because of their high price increase, people like something that today has price X and tomorrow has a great price increase.

I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

you need to understand that there are investors and there are people who love the technology itself.

there are many people who invest in gold, they love gold and they do not even know where the gold mines are. there are many people who invest in diamonds and do not even know where these diamonds come from, there are a lot of people who invest in bitcoin and these investors are worried about profits, the miners are worried about profits.






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November 28, 2018, 10:26:05 PM
 #71

I believe that at the moment the price of bitcoin is well deserved and it is worth the money for which it is bought
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November 29, 2018, 01:15:25 AM
 #72

I measure it by the community and the huge adaptation, knowing people around you being aware of what bitcoin is and how to use it, I've seen some of my colleagues using it and it really shows how influential this platform is, I hope it will be adapted more to the public so it can be used anywhere

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November 29, 2018, 02:07:14 AM
 #73

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?
Bitcoin can be measure its success when all people in the world used it..hiw people change their lives through bitcoin.People would opened up their minds on adopting cryptocurrency in their lives.Bitcoin success is also its creators success in which his concept made people realize how fast and easy doing transaction. And how banks and governments cannot get tax and trap transactions due to decentralization concept.

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November 29, 2018, 07:04:06 AM
 #74

I believe that at the moment the price of bitcoin is well deserved and it is worth the money for which it is bought
Predict a further decline to $ 2800


Based on the steep decline in the price of Bitcoin over the past several months and the major resistance levels that have formed in the range of $4,000 to $6,000, a further drop below $4,000 could result in the market losing most of its momentum it recently gained.

A potential bottom target, according to Puell, is $2,800, which would signify an 85 percent drop from its all-time high price at $19,500.
https://www.ccn.com/bitcoin-price-could-bottom-as-early-as-december-but-definitely-by-february-analyst/

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November 29, 2018, 03:26:40 PM
 #75

I measure the success of bitcoin based on price, if bitcoin has a high price it is a success in my opinion. because the price of bitcoin cannot be opposed by any coin
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November 29, 2018, 03:54:06 PM
 #76

I measure the success of bitcoin based on price, if bitcoin has a high price it is a success in my opinion. because the price of bitcoin cannot be opposed by any coin


Price can always be a determinant, and certainly is one of the most important as well as the market cap. However, in my opinion the most important thing determining the success of Bitcoin is its popularity and technology that is ahead of the present times for decades. I think like that because the price can be manipulated, as we have seen in recent weeks. But when more people talk about Bitcoin, i'm more sure about his further success.

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November 29, 2018, 04:00:25 PM
 #77

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.
Right, cause until now bitcoin investor's and followers are continues increasing even bitcoin is unstable they continues patronizing almost nine years bitcoin stay alive and stronger and trusted.

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November 29, 2018, 04:09:33 PM
 #78

I measure the success of bitcoin based on price, if bitcoin has a high price it is a success in my opinion. because the price of bitcoin cannot be opposed by any coin

I measure the success of bitcoin based on its huge acceptance, Popularity, Security, Ease of acceptance across the world shows the success of bitcoin. Based on price also we can measure the success of bitcoin.

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November 29, 2018, 10:18:46 PM
 #79

I would say, that success of Bitcoin is not measured with the price of it, how many people think it is. But the spread and usage of it around the world.
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November 29, 2018, 10:41:37 PM
 #80

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.
Yes i think also that we can measured bitcoin for people who supporting it. And how to manage and use bitcoin without any trouble. But the condition of bitcoin now is not so atable because its almost 70% the price of bitcoin fall.
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