What do you think of the current status of Bitcoin?

[chaoscoinz]

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 and cryptocurrencies have seem to have stagnated as of late. Bitcoin is stuck around $7500 per coin. It's having a difficult time crossing the threshold of and staying above the $8000 price mark.
 The best thing to do is to remain optimistic,  hoping for a successful and bright future.

[AicecreaME]

If I think about Is Bitcoin a Ponzi Scheme there are so many articles arguing Bitcoin legitimacy to those MLM schemes.

Bitcoin is not a ponzi scheme but ponzi schemes uses it to scam people, and therefore people think that it is a ponzi scheme, but it is really not, i.e. fiat is also being use in illegal activities, corruption, fraud, and even scamming people, yet, they do still love it beyond those cruel things that is happening 'till now in the society, you might ask what is the reason why people still trust fiat, well it is because the Government says so.

We always listen to the Government having this mindset that they all know what's the best for us and they will not recommend something that will be bad for us, no, that is entirely wrong, fiat is worst than cryptocurrency, that is all to that.

[Dart18]

It is still a baby so many things we could consider to happen in the next years to come.

Bitcoin.
Recently, I talked with a guy about it out of nowhere. First it was because of me asking if he have the other option to which I could pay since I didn't bring much cash and I see a lot of good items in his store.
Negative. Just cash. Then, the story started.
He bought bitcoin at 13k and then said to me that he forgot about it and asked how much bitcoin is by now.
I said 7k then more story came out.

These guy is a merchant and he believes in bitcoin but yet he could not afford to make it as one of the payment option.
He says it might become a disaster.
We should really wait for that.
Once this merchant see more clarity in what bitcoin could really do then it will be a blast.

[pundit]

If we take into account the price of Bitcoin price in 2015-2016 then Bitcoin has increased many folds but the the its trading much below from all time high in end of 2017. Bitcoin is not a ponzi scheme for sure, its price depends upon demand and supply as of any financial market but it is highly volatile. Bitcoin has given recolonization to blockchain technology, its reach is increasing day by day. I believe Bitcoin will be accepted by many big giants in future and its value shall increase.

[Reid]

If I only think about the Fiat value of Bitcoin now and what it was 4 years back there is a huge upward swing.

This kind of view changed a lot with me. I am not looking much to the value now. Just want to hoard more as long as I can afford it.

If I think about its adoption then and now there are so many websites accepting Bitcoin.

Not yet, bitcoin is not that much seen with web stores by now. They are still accepting the most known like Paypal and others which have the same services. As long as has the same value as fiat.

If I think about how difficult was to understand this concept, there are amazing articles on the Internet to help you.

Doesn't need an article. You are already here. Why go far? 

[yoseph]

Still a long way to go before coming into mainstream payment system.

Yep, but I have doubts as to whether that's actually going to happen.  Ever.  As it stands, people are very happy using their smartphones, debit cards, or cash to pay for things--and those payment methods have worked just fine for a very long time.  It would take a crisis of unimaginable magnitude for bitcoin to become the go-to currency for daily spending.  As for me, I'm not going to hold my breath and I'm fine with bitcoin being an investment.

However, bitcoin really is a good currency for people who want a measure of privacy when buying things online.  You can't do that with paper money.  And bitcoin has achieved some adoption with web merchants, so that's progress.

I agree that we may never see retailers actually starting to accept Bitcoins as a means of payment because I saw how readily most retailers were when it came to them accepting Facebooks Libra but they don't give notice to Bitcoins because they fear they might lose money when the Price of Bitcoins falls but with Libra as the same value of the dollar they have no fears of that happening.

[dioanna]

I am done speculating about bitcoin status, no one can actually predict it's just when you believe in bitcoin
you just have to wait. Do some buying of alts I guess as well while waiting.

[Edraket31]

I am done speculating about bitcoin status, no one can actually predict it's just when you believe in bitcoin
you just have to wait. Do some buying of alts I guess as well while waiting.

No one can actually predict on it but we can always see the positive side, as the price is becoming stable and I think that we will have at least good price before the end of the year, but of course if our expectation did not met, let's not lose our hope as this is not yet the end of the year, and yet we can still establish more earnings in the future not only in Bitcoin.

[Ris88]

I am done speculating about bitcoin status, no one can actually predict it's just when you believe in bitcoin
you just have to wait. Do some buying of alts I guess as well while waiting.

It seems to buy something in a market that is so unclear, so risky, at least waiting is far better than losing money bro, so it doesn't hurt if someone waits for moments to come at all altcoin / bitcoin prices later on ... .

[Eclipse26]

Rather than talking about the price, as an overall insight about bitcoin, Bitcoin community is continuously growing every year. A lot issues and problems Bitcoin had faces through the years but it still remains the same– even stronger actually... We are slowly by slowly moving forward to mass adoption. It will take quite a lot of time, but as long as we keep on believing in Bitcoin, they can't stop its growth.

[Bonenx14]

Rather than talking about the price, as an overall insight about bitcoin, Bitcoin community is continuously growing every year. A lot issues and problems Bitcoin had faces through the years but it still remains the same– even stronger actually... We are slowly by slowly moving forward to mass adoption. It will take quite a lot of time, but as long as we keep on believing in Bitcoin, they can't stop its growth.

bitcoin development from year to year in my opinion continues to increase, now many countries have begun to talk about it plus the adoption of blockchain technology which is currently starting to be used, for example in France they plan to adopt this technology for learning. so I think bitcoin will continue to grow with the technology it has

[Yamifoud]

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

Cause people think that Bitcoin is out from reality and makes them think that this is another form of scamming activity.
Believe that the current market trend isn't a big drama between whales, and also I don't think that there is a huge market manipulation bringing to a long bearish season of crypto. Even though if the market will continue to show like this till next year, but my trust in the system is still there. I don't want to blame the whales cause they do things that they think are right.  

[Hamphser]

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

Cause people think that Bitcoin is out from reality and makes them think that this is another form of scamming activity.
Believe that the current market trend isn't a big drama between whales, and also I don't think that there is a huge market manipulation bringing to a long bearish season of crypto. Even though if the market will continue to show like this till next year, but my trust in the system is still there. I don't want to blame the whales cause they do things that they think are right.  

You can't blame the other people for not trusting bitcoin now because I think they have their own reasons why they have to be that way. Some people may think it is another scam due to the misinformation they got from someone somewhere. Whales are already in the market nothing we could do to avoid it let's just follow their lead there's nothing wrong with that.

[Bitcoinislife09]

We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.

[riso2015]

We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.

If the growth of Bitcoin has increased compared to last year, why the price not better than last year? Whether the growth of Bitcoin always make the price will be good? 

[tambok]

We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.

Yes and it is a good sign and indication that the number of users is still increasing rapidly and that investors are also increasing their trust to Bitcoin and that there are also businesses who were using Bitcoin as one way option as their alternative payment, which attracts more users and awareness to the people.

[Bim abk]

We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.

If the growth of Bitcoin has increased compared to last year, why the price not better than last year? Whether the growth of Bitcoin always make the price will be good? 

if we just look at the price then you can argue that way, but in other respects that is existing technology, bitcoin has grown because the adoption of the blockchain has been quite a lot in terms of education too have begun to look at

[Ris88]

Rather than talking about the price, as an overall insight about bitcoin, Bitcoin community is continuously growing every year. A lot issues and problems Bitcoin had faces through the years but it still remains the same– even stronger actually... We are slowly by slowly moving forward to mass adoption. It will take quite a lot of time, but as long as we keep on believing in Bitcoin, they can't stop its growth.

bitcoin development from year to year in my opinion continues to increase, now many countries have begun to talk about it plus the adoption of blockchain technology which is currently starting to be used, for example in France they plan to adopt this technology for learning. so I think bitcoin will continue to grow with the technology it has

There is a moment that we will see at the end or in March 2020, maybe there will be a significant increase in prices in all markets, although it is quite impossible but we can see that many countries have used the blockchain system and even remote countries have used a system that using the blockchain and we also don't know in the future how bitcoin will grow in the eyes of its people, I'm still optimistic that bitcoin will grow bigger than in previous years ...

[julius caesar]

We could see the growth of bitcoin in the past years , the bitcoin community was getting bigger and bigger compared to the past.
Also, the bitcoin is getting popular in a lot of countries and even already use in JAPAN as a payment method in their stores and even online.
A lot of company is already recognize the potential of bitcoin as a currency and the technology in it.

Yes and it is a good sign and indication that the number of users is still increasing rapidly and that investors are also increasing their trust to Bitcoin and that there are also businesses who were using Bitcoin as one way option as their alternative payment, which attracts more users and awareness to the people.

For me, at this moment the best growth of bitcoin is been accepted in different payment method and many companies is now recognized as money. Besides, many people already know what bitcoin is but still, they are not capable to invest because they are afraid and some of them does not have knowledge about it. In terms of the price of bitcoin it still not in a good condition but somehow we could say that after halving we can full recovery on it's price. As of now, more countries started to legalized bitcoin and it is a good start on spread the word bitcoin.

[todiboa]

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.

The increasing of value, how much acceptance has grown and the coin has risen in price because of trust in it. This is very important, because it is trust that is the most valuable what Bitcoin has