What do you think of the current status of Bitcoin?

[bitvalak]

Globally, the current status of bitcoin is very good, even very rapid development than in previous years.
More and more popular, yes, many people know what bitcoin is, many also use bitcoin, including several marketplaces.
My hope in 2020 at least bitcoin can be regulated and then legally used so that more impacts can be obtained, this is not just talking about prices but how we can implement bitcoin for the benefit of many people.

[1714651959]

1714651959

[BlackFor3st]

Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

For me every year and every day has been amazing and awesome!!

Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

I know there are so many reasons but, I cannot recall all of those.

Write it down below if I have missed something.

Bitcoin is getting stronger as the days passes by and the acceptance is getting bigger as more countries are legalizing the use of Bitcoin and other crypto currencies.

Though the demand this year is not that high compared to peak seasons but the Bitcoin dominance this year is very high compared to other currencies which is more than 50%. Bitcoin is getting famous also as more and more people are starting to know Bitcoin as the time passes by.

[Murat]

I think this 2019 year hasn't brought to us any special issue on the Bitcoin context, It's true that the whole world has been suffering a lot of on the monetary system, so Bitcoin is not out of this system, Here the international politics and policies are also involved for the further flourishing Bitcoin or other anything, but if you have looked for the technological aspect then you see the up-gradation of Bitcoin.   But the value of Bitcoin is not an eye-catcher during this year, Most of Bitcoin user has a strong expectation that the price of Bitcoin would get high but it's a disappointing matter year for me.

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[peter0425]

Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

nothing best this year as Pump and Dump is still what we have got.

For me every year and every day has been amazing and awesome!!

considering that we have very bad 2018?

I know there are so many reasons but, I cannot recall all of those.

depend on how you treat crypto,because for sure those who were just here to profit instantly?they are bitter these days.

[blckhawk]

It has definitely picked up the pace and built a solid foundation of trust, which correlates to its market value. However, even with the said achievements, Bitcoin has still a lot of room to grow and problems to go through. Problems with scalability and power consumption are just some of the weaknesses ot currently has. Also to mention problems in hacking and unidentifiable transactions of illegal activities.

[imutlinda]

the problem will always be in the crypto field, but so far the problems that are present can still be overcome, maybe fraud with instead of bitcoin will always be there but the level of popularity of bitcoin I'm sure will continue to grow. and current conditions may still not be good for the price but I'm sure bitcoin will continue to grow

[Aying]

the problem will always be in the crypto field, but so far the problems that are present can still be overcome, maybe fraud with instead of bitcoin will always be there but the level of popularity of bitcoin I'm sure will continue to grow. and current conditions may still not be good for the price but I'm sure bitcoin will continue to grow

For me, bitcoin's current situation is just a natural because in everytime I read articles or any news about bitcoin it's always negative and the percentage of positive is not that higher but the price is lifting or its not moving. so I think for this current status of bitcoin and market is not that bad. 2019 is about to end and another good news will appear so lets start thinking positive so it will spread and everyone had a good vibe to accumulate more. 

[Genemind]

Bitcoin has gone through a lot through years and it had an amazing journey. As for me, the current situation of Bitcoin is normal and reliable. I have no doubt about it and it's the best time for us to purchase more.  The upcoming events will bring new positive changes for crypto and I'm hoping for the best for the years to come.

[maydna]

Bitcoin has gone through a lot through years and it had an amazing journey. As for me, the current situation of Bitcoin is normal and reliable. I have no doubt about it and it's the best time for us to purchase more.  The upcoming events will bring new positive changes for crypto and I'm hoping for the best for the years to come.

Although the upcoming events will bring new positive changes, I guess that we need to wait for more because I am not sure that if before or after bitcoin halving, the price can surge to a higher rate. But yes, in the long term, bitcoin prices will increase so high, and we cannot predict how much the higher bitcoin price will increase. We can hope that in the next year, bitcoin will be more popular so bitcoin can reach more people from all countries no matter if the government does not yet approve crypto or bitcoin.

[TheUltraElite]

if you remember how difficult a large fund transaction uses many rules that were carried out by the government and banks in the past and today. then there is bitcoin which is a transaction solution with full rights in your hands without rules and without a long time. one click, and arrive at the same time.

Which is one of the good things about bitcoin. Its usage is easy and it does not need the hassle of opening a bank account to receive a transaction.

the problem will always be in the crypto field, but so far the problems that are present can still be overcome, maybe fraud with instead of bitcoin will always be there but the level of popularity of bitcoin I'm sure will continue to grow. and current conditions may still not be good for the price but I'm sure bitcoin will continue to grow

There are problems in every field and bitcoin is no exception to it. But many of the problems like scams can be prevented if you are aware of how scams occur and know how to keep your money safe. Thats also true for a any fiat storage system.

MLM and ponzi scams that happen are often misleading people in thinking bitcoin is behind it. Thats wrong, because scammers use bitcoin as the mode of payment, not by using bitcoin are they scamming. The methods of MLM scams are also seen in fiat. One who is diligent enough there will be able to protect from scam with bitcoin as well.

[Twentyonepaylots]

Bitcoin has gone through a lot through years and it had an amazing journey. As for me, the current situation of Bitcoin is normal and reliable. I have no doubt about it and it's the best time for us to purchase more.  The upcoming events will bring new positive changes for crypto and I'm hoping for the best for the years to come.

Although the upcoming events will bring new positive changes, I guess that we need to wait for more because I am not sure that if before or after bitcoin halving, the price can surge to a higher rate. But yes, in the long term, bitcoin prices will increase so high, and we cannot predict how much the higher bitcoin price will increase. We can hope that in the next year, bitcoin will be more popular so bitcoin can reach more people from all countries no matter if the government does not yet approve crypto or bitcoin.

The halving event will bring a positive change on the current bitcoin's status since the previous halving did it so or we are going to see different halving now due to market difference compared the halving that happened in the past. Great news towards bitcoin? I guess not, news are rooting for blockchain and not on bitcoin generally but that might be the gate for people to be open with cryptocurrencies especially bitcoin and with that we can expect a surge on the bitcoin's price.

[DreamStage]

For me it has grown me more experience and information at this wonderfull cryptocurrency world.

I have been gambling way more often and winning like never seen before.
Only time will tell how much profit i will take from price fluctuations from my investments as well.

What i have seen about bitcoin's price is that it become so stable around the 6k mark, 7k and so on.

We are not seeing it going under 5k (thank god) for now and that motivates more investors and more countries to adopt it.

[hatshepsut93]

Bitcoin today is undisputed king of crypto - in 2017 there was time when ETH came close to flipping it, and many people thought that shitcoins will actually replace Bitcoin, because of cheaper fees or more features, but time has proven that Bitcoin's fundamentals are much stronger than all shitcoins combined.

[alani123]

I am glad that I see further adoption of technologies like lightning. If we see more such attempts to build upon the trustlesness of BTC and its immutable POW decentralization while maintaining these advantages, I'm sure we'll be coming closer to a viable replacement for FIAT.

[Ridwan Fauzi]

There is a payment system platform who decided to accept bitcoin which is mean in my country bitcoin will be widely known. This is just the matter of time, we will see some people who get interest to bitcoin has been popping up and learn how bitcoin and cryptocurrency is.

Digitalization will change everyone's mindset and I'm sure bitcoin will be easily be understood by people. And they will compel to their government in order to accept and recognize the utilzation of bitcoin. And I hope 2020 is the right year to achieve that.

[AliMan]

I think this 2019 year hasn't brought to us any special issue on the Bitcoin context, It's true that the whole world has been suffering a lot of on the monetary system, so Bitcoin is not out of this system, Here the international politics and policies are also involved for the further flourishing Bitcoin or other anything, but if you have looked for the technological aspect then you see the up-gradation of Bitcoin.   But the value of Bitcoin is not an eye-catcher during this year, Most of Bitcoin user has a strong expectation that the price of Bitcoin would get high but it's a disappointing matter year for me.

Just chill out and don't bother thinking of that matter of being disappointed. Make that bad experience to our strength, and by the we grow more mature in growing our asset within long term period. This status maybe can motivate us to pursue the failed dreams. Don't over expect, always prepare for the best that you can and never be discourage immediately because our lives is like a rolling strone of success.

[marcous]

Well, indirectly many argue that bitcoin has little resemblance to the Ponzi scheme. prices that increase dramatically in 2017 and then crashed in 2018 until now are very unnatural. I personally can not describe the details, but as if there was manipulation in every news about Bitcoin

[Meowth05]

I think this 2019 year hasn't brought to us any special issue on the Bitcoin context, It's true that the whole world has been suffering a lot of on the monetary system, so Bitcoin is not out of this system, Here the international politics and policies are also involved for the further flourishing Bitcoin or other anything, but if you have looked for the technological aspect then you see the up-gradation of Bitcoin.   But the value of Bitcoin is not an eye-catcher during this year, Most of Bitcoin user has a strong expectation that the price of Bitcoin would get high but it's a disappointing matter year for me.

Even there are no big changes in the price of Bitcoin still it acquired a something else that could be a big impact sooner. I am pertaining to the adoption of some countries and big businesses. This massive adoption could give potential growth to the value of Bitcoin in the future, we may not feel it yet but perhaps after the bearish market, we might feel the changes. Regarding the Bitcoin's value, I think it still eye-catcher but not the same as like it before. Frankly, we are getting used to for Bitcoin having a huge price that is why by making a little dip folks are making FUD.

[Asuspawer09]

Hi, all!

I just wanted to ask what you think we as a community achieved in 2019.

For me every year and every day has been amazing and awesome!!

Although, there are many issues with Bitcoin but considering what it was in 2016 what it is now? Bitcoin is known! Why?

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.
If I think about its adoption then and now there are so many websites accepting Bitcoin.
If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.
If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

I know there are so many reasons but, I cannot recall all of those.

Write it down below if I have missed something.

Comparing the bitcoin in 2016 in today's bitcoin we could all agree that the bitcoin completely improved through the past years.
Surely the bitcoin community is not bigger in the past year the market of bitcoin is also so volatile which is a good thing for investment and investors to circular the investment.
A lot of company is considering bitcoin as a good asset for their company and we could see that bitcoin this day is not being used in a lot of transactions online.