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Author Topic: How do you measure the success of Bitcoin?  (Read 1502 times)
basyang
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November 29, 2018, 11:00:21 PM
 #81

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 measure the success of Bitcoin by seeing its popularity in the market. As long as many people using it, it can be known in the industry and also how many countries are adopting and accepting it and seeing it that it can help to their economy. For sure many opinions will be gather about the measurement of the success of bitcoin but as far as we will continue to use and promote bitcoin it will be success in the future.

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November 29, 2018, 11:34:05 PM
 #82

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?
Mass adoption or usage across the globe determines BTC's success. You are correct, Bitcoin can be worth a 100 bucks...or even just a dollar, if it is used massively in majority of nations, that would be a determining factor for success. In other words, it is not the price that would determine success, but the acceptance and the volume of circulation.

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November 29, 2018, 11:59:26 PM
 #83

If Bitcoin goes mainstream like almost all stores accepts Bitcoin as payment. I went to Hong Kong and Singapore a few days ago and I see 7-11's accepting prepaid cards, debit cards and credit cards, I asked why not Bitcoin? They just need to flash a QR code to accept a payment. If Alipay and wepay can do it, why not Bitcoin or any Altcoin project.
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November 30, 2018, 01:31:19 AM
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 #84

I measure the success of bitcoin a number of ways.  I think first off the health of the blockchain is always the most important factor.  If things aren't running smoothly, no one is going to want to use bitcoin.  I think public adoption in any ways also greatly measures the success of bitcoin.  What companies are adding it to thier accepted payment forms?  Which companies are adopting blockchain and using bitcoin for certain dealings.  What government regulations have been a positive for bitcoin and other cryptocurrencies etc.
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November 30, 2018, 01:55:47 AM
 #85

Can we call it a success if 7 out of 10 people knows about Bitcoin or Blockchain? But can we still call it a success if those 7 who knows about Bitcoin only know Bitcoin because of scams and other illegal schemes where Bitcoin was used. I think we can say it is a success if people starts using Bitcoins in their everyday lives and not just store it in their wallets and wait for the price to hit their goal to sell and gain profits.
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November 30, 2018, 02:50:17 AM
 #86

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.

Got a point. But then talking about success is about if someone or something performs the tasked accordingly and as we can see, bitcoin performs its tasked well. Being the virtual currency or even a form of investment. It is very efficient. But then thing is the market as a whole. Hoping for market recovery.

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November 30, 2018, 07:11:22 AM
 #87

I ama agree that we should measure the success of bitcoin from the adoption. More merchant accepting bitcoin or others crypto, more people have knowledge about cryptocurrency and i think its good for cryptomarket because it will increasing the transaction

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November 30, 2018, 07:39:59 AM
 #88

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?
Just like you said. I measure the success of bitcoin with the level of adoption and use of bitcoin as a payment method. When a bitcoin user purchases an item using bitcoin and the store and merchant accept bitcoin as a payment it is a success of bitcoin. Even if bitcoin adopters are increasing, then that's the success of bitcoin in my view.
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November 30, 2018, 09:01:47 AM
 #89

I rate Bitcoin success as a huge success. Less than 10 years ago, no one else knew what bitcoin is, but now every schoolboy knows.

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November 30, 2018, 09:14:30 AM
 #90

Can we call it a success if 7 out of 10 people knows about Bitcoin or Blockchain? But can we still call it a success if those 7 who knows about Bitcoin only know Bitcoin because of scams and other illegal schemes where Bitcoin was used. I think we can say it is a success if people starts using Bitcoins in their everyday lives and not just store it in their wallets and wait for the price to hit their goal to sell and gain profits.
Absolutely! It's not all about the earnings but on how many people are well-educated of this technology. Success can also be measured by its increasing demand and of its developments to come. The knowledge and skills we learn if used correctly can help us to responsibly adopt and apply these in real world. Most importantly, it's about our strong support and commitment. Be patient! Be positive and don't lose hope.

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November 30, 2018, 09:15:16 AM
 #91

But success with bitcoin is always half a half of success and 50% of failure, it's just lucky when you get a bitcoin and when it will sell you, if you get a bitcoin when it's a small price and sell it when you're big in that work is successful, but if you get it when it's a big price and sell when it's small, then you failed to make a profit at a cheaper price bitcoin.

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November 30, 2018, 09:29:37 AM
 #92

The most important thing if you want to see successful bicoin is that bitcoin has been adopted by many people around the world. Without the government legalizing bitcoin remains highlighted and sought after by everyone. Bitcoin works with many transactions that are facilitated wherever they are.

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November 30, 2018, 12:25:14 PM
 #93

You're right. Pump the price can be very high, but what good if bitcoin cant be accepted and used anywhere. If the price is low, but we can easily use bitcoins regularly in various fields, it will be much better.

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November 30, 2018, 12:32:37 PM
 #94

If BTC has been used by all people in the world for daily and special needs, in my opinion the new BTC can be considered a success. because this way the BTC has been recognized by all circles
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November 30, 2018, 04:24:13 PM
 #95

Scary is another. There are two possible scenarios - when they pour into the Chinese outlet, it will stop, because will start to disconnect the glands and the price tag should grow. BUT (!) It is possible that this is the final and everyone will just begin to chop off the iron, there will be no one to hold the blockchain's grid, the brakes will start with transactions, which will even more frighten everyone and then we will exit to 0. hi crypto apocalypse.

 

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November 30, 2018, 05:06:56 PM
 #96

The degree of success is also difficult to count because we can not measure the bad effects that bitcoin brings.
As imperfect as it is the price is a great way to reflect the degree of success of bitcoin, it is true that bitcoin has not been adopted all over the world at the moment, but now at least for what I know there are millions of people holding bitcoin, this is an amount of users that is way bigger than in the past and as such bitcoin should command an higher price than it did in the past and that is what we're seeing.



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December 02, 2018, 08:24:44 AM
 #97

I fully support you, the price is not the main indicator of bitcoin's success. Much more important is the technology itself, which continues to evolve and improve.
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December 02, 2018, 09:07:09 AM
 #98

Despite the fact that the price is very much down and makes investors nervous, the technology itself is not deteriorating and is not lost its relevance. Therefore, I think that bitcoin is still a successful technology and continues to be implemented in the world.


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December 02, 2018, 09:13:56 AM
 #99

The most important thing for bitcoin is to be realized for its intended purpose-as a currency. If this is done, it means that he has fulfilled his purpose. And the price is not really the most important thing.

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December 02, 2018, 10:50:51 AM
 #100

until now I still can't measure success in investing in bitcoin bro. because humans have very high traits and ideals. so that they will never be satisfied with the circumstances or bitcon they have collected
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