How do you measure the success of Bitcoin?

[resty]

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 can say that BTC was successful if it will be at least stable to its price last wave that was ranging 14K to 16K dollars. It was a historic event in the crypto world, everyone is trading and the market was very active. Now its price was bleeding to  4 000 dollars, no one will know what will happen next but one thing is for sure Crypto will be never out of place today.  

[Epokicecool]

THIS!!!

This is really the question most of us should be asking, instead of constantly worrying about the price.

But, it is quite hard to measure the success though as. Well at the beginning, from a few dollars to a thousand dollar was definitely a big milestone for BTC and should be accounted in the measure of success. However, from there on the price is not as relevant anymore (perhaps if we can break 20k). 

What is more important are companies / industries applying blockchain tech, the growth of this should also be added as a part of BTC success.
We could look at the price and volume and try to measure the success of BTC through that, but really it would not be a real value of its success as the price and volume is not sustainable and could drop anytime. Its real success should be counted through ppls usage of the blockchain tech.

[gabmen]

it is clear to measure the success of the crypto currency with the results and profits with our investment and with a large profit, of course the risk will also get a big risk too

That's not it. Bitcoin wasn't made to simply be something where people can make money from. It was made to advance the way we do transactions and make it easier. Once we achieved that and bitcoin becomes accepted openly by governments, then i think that would be real success.

[pinkpanther03]

Nowadays, bitcoin is really popular all over the world and lots of merchants too are adopting the system features of BitcoinBTC also.
Isn't enough to say with all of this popularity is a sign of bitcoin success where the blockchain technology has been spread out in the entire world now. And some country Bitcoin was already regulated just for example Japan, Bitcoin, Europe and more.

[coinwizard_]

Success would be when old grannies can walk into a coffee shop and pay them with bitcoin. It means there is mass adoption and everyone finds it easy to use

[Ezenwanyi1]

The success of bitcoin cannot be measured by the rate it's been sold now.
I can say bitcoin has been successful compared to what obtained in the last couple of years.
We could see companies, industries implementing the blockchain technology these days.
The bitcoin's adoption rate also increased .

[yanesna3]

I think the success of BTC was measured by the number of supporters who adopted BTC as an electronic currency and a means of payment as well as an investment tool

True, my friend. It is not measured with the price of the cryptocurrency. Look at the current situation - Bitcoin is 6 times cheaper than last winter but its popularity is only growing.

[Snyderfx2]

By me, the measure of how successful bitcoin is,is how many people uses bitcoin and how well bitcoin is able to satisfy the users.
I can also say, the ability of bitcoin to be able to maintain a satisfactory quality as the user increases over time.
Then,if bitcoin can remain the highest valued cryptocurrency.

Without a doubt like you have mentioned user satisfactions is a major fact when measuring the success of bitcoin because even it is a incredible investment asset there are much more things it can do as a digital currency to the business world and it is progressing as a currency even at this moment adapting into businesses because it potential features which can give many benefits to customers ad companies and that is significant when considering the success of bitcoin as a currency

[Savemore]

We can measure it by observing the society if most of the people are now using bitcoin. The bitcoin is still in early stage and there are only some people who have care about bitcoin. There are more people who are not interested to bitcoin because of lack of awareness.

[FlightyPouch]

I think the success of BTC was measured by the number of supporters who adopted BTC as an electronic currency and a means of payment as well as an investment tool

True, my friend. It is not measured with the price of the cryptocurrency. Look at the current situation - Bitcoin is 6 times cheaper than last winter but its popularity is only growing.

I think the price also represents its success. You see, the price of Bitcoin is based on the movement of it in the market and that means that if the price is high, the demand is high. When the price is falling down, that just means that the demand is also falling down. You can see its success through its price movement in the past until now.

[socksserver3]

I think that success of btc is measured by the number of people who invest in it as well as the number of governments which allow using it. I think that btc is the best coin ever

[adjudicator]

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?

Yeah, lots of people are being obsessed because of the price of the bitcoin but at the end is it the way that bitcoin want to. You are right that ease of use, levels of adoption and scalability are the things that we can use to measure the success of bitcoin.

[josea123]

Sounds nice when you put it like that, but at the end it will be more like a store of value. Just like Gold is.

[repsol]

I use simple way measuring the success of Bitcoin, I use two variables to measure it such as the value of Bitcoin itself and the existence of it (the number of users it then elaborate in many ways). In fact, the history of bitcoin from early age, it has been well recognized by many people around the world and the value is also keep raising.

Isn't it a sign that bitcoin successfully reach the goals? but we know that the goals are more than from what we see know.

[jojohamasa]

Your words are true to some extent
the adoption and achievement of BTC objectives, especially financial freedom
Is the most important goal
But this not goes against the achievement of a fair price for the BTC
Do not forget that public adoption will raise prices in general.

[CaVO32]

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?

very well-said. mass adoption will drive the demand the use of bitcoin. and right now, we are still in the process of mass adoption and people are now learning what crypto really is. and to giant companies, they are now developing their own blockchain, which later on, will create more demand of cryptocurrencies. the $19k-btc value was not the real value at the time, that was due to the overhype created by so many individuals who joined the bandwagon without knowing what they were into.

[CryptoSmile]

Bitcoin's success can be seen from the many users of bitcoin, which means that bitcoin is trusted by many people, besides that the price is also the most important part where we can see the success of bitcoin. I hope that bitcoin can become a national currency that applies throughout the world, so we can proudly say that is the real success of bitcoin.

[Andruha1993]

I disagree a little with you. Yes, we need BTC for permanent use, as it is very convenient. But its price should not seem to me to be low, but vice versa.

[mitchr4]

Bitcoin still has the popularity of many people who are getting to know, use, and try to invest so no doubt that bitcoin can still be used in the next few years.

[Valer4ik]

Yes, there is no plum, the war of forks that fell on the general decline including the stock market.

Write a lot correctly, but all this is not as essential as it seems.

In order to understand how stable this is all, conduct an experiment, take the most deadly coin and try to play with it, setting its goal to destroy it, and see what will happen, you will be greatly surprised how stable the system is, even with the amount several times larger than capitalization, if the coin has there is a community you will be powerless, you lose all your money and the coin will flourish ☺.