What do you think of the current status of Bitcoin?

[Maotezi]

Apparently, bitcoin is not in bad shape right now, it is holding a hefty price tag, which is what other Altocoins are doing. More and more companies are returning to use or introducing bitcoin, which is great for our users.
But I think the period that follows is not easy for bitcoin, according to recent analyzes, there are fewer people holding Bitcoin.

[joinfree]

Aside the price of bitcoin which many keep on ranting about as they can't hold their balls any longer everything is going on fine with me. Rightly as you said, the exposure of bitcoin is getting larger and larger hence many people are getting to know about it more than they did a decade ago. What is really stifling the growth of bitcoin is the bad breath from governments and strict rules and regulations concerning it. On general i think we are doing good and 2020 will definitely be a good year for all bitcoin holders.

[Diirtmaan]

Aside the price of bitcoin which many keep on ranting about as they can't hold their balls any longer everything is going on fine with me. Rightly as you said, the exposure of bitcoin is getting larger and larger hence many people are getting to know about it more than they did a decade ago. What is really stifling the growth of bitcoin is the bad breath from governments and strict rules and regulations concerning it. On general i think we are doing good and 2020 will definitely be a good year for all bitcoin holders.

You speak great. I do not pay attention to haters, I also see the popularization of bitcoin and I am sure that 2020 will be very productive for the coin

[Lottoshi]

Bitcoin is and will continue to go strong for it being maybe the only one with several solid use cases.

[dimox]

You are correct in saying that from 2016 till date, bitcoin has made so much advancement in every aspect. Still a long way to go before coming into mainstream payment system.
If we go back and compare where Bitcoin is standing from the start of its journey in 2008 to present date its more amazing, in term of price, adoption and use cases.

the problem is that many more people joined in 2017 so majority probably so far lost on bitcoin

the problem is, why people join in 2017, not in the years before? people just believe when that thing go up first, than follow without thinking the next problem. and it cant be say that you lost bitcoin if you still have bitcoin

[adzino]

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.

1. Don't compare price with "last 4 years" (i mean short term period), compare it from like the beginning. You will see on average how much we have developed and the price has increased.
2. Still less. Only few websites are accepting bitcoin directly.
3. Only those who don't understand the concept behind bitcoin, call bitcoin a ponzi scheme. just ignore them!
4. The concept behind the technology isn't some sort of rocket science, so its actually easy to understand if you try to understand.

[Shasha80]

It is remarkable that the growth of bitcoin from being created until now has achieved some success, starting from the price increasingly
expensive. Then mass adoption is growing rapidly, as evidenced by the many bitcoin ATMs that have been spread across various countries
and also many merchants that accept payments with bitcoin. In my opinion the current status of bitcoin is not yet received official recognition
from most countries in the world, but most countries in the world also did not banned against bitcoin. Indeed there are some countries that
have legalized bitcoin officially, such as Japan and Ukraine, but the amount is still small. I hope that in the next few years the status of bitcoin
will change for the better, if possible, the status will become legal all over the world.

[GideonGono]

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.

1. Don't compare price with "last 4 years" (i mean short term period), compare it from like the beginning. You will see on average how much we have developed and the price has increased.
2. Still less. Only few websites are accepting bitcoin directly.
3. Only those who don't understand the concept behind bitcoin, call bitcoin a ponzi scheme. just ignore them!
4. The concept behind the technology isn't some sort of rocket science, so its actually easy to understand if you try to understand.

Yup and that's normal, imagine that the bitcoin continues from growth? How was the trade and the crypto works? I mean if that happen then everybody must hold to buy and buy bitcoin and no one would sell it so it must good thing that the price is volatile.

[Prateek_sharma]

Currently bitcoin is not performing as per the experts prediction, let's see what will happen in the upcoming years.

[barabarian1]

of course bitcoin experienced a very significant increase compared to 4 years ago. and I'm sure bitcoin will continue to grow. every year the user and volume of bitcoin trading is always increasing. and although at present the countries that accept bitcoin are still few, I am sure in the future there will be more countries that accept bitcoin.
now bitcoin has become the main currency in cryptocurrency and bitcoin also dominates the crypto market.

[AniviaBtc]

There re several countries to be the first who legalize BTC. For examples, Ukraine 

And hopefully there will be more counties like Ukraine in 2020. Anyways, even this question is too controversial. 

I hope that when most of the country legalized bitcoin, it came or go beyond its price in the future. In reality, bitcoin price drops so that factor makes other countries to not legalized this cryptocurrency. When they see that this bitcoin is less certain than fiat, i'm pretty sure that they will choose fiat over bitcoin.

Maybe more countries will adopt bitcoin when it become the star in all cryptocurrency again. But for now, let other countries invest and trust bitcoin.

[Kunnu]

If we compare the current situation of Bitcoin to its past situations I think it's not on right track we should not forget the big boom during December 2017 to January 2018 but I hope Bitcoin will be on right track as we can see there are many countries are accepting Bitcoin as a payments method which is a plus point for Bitcoin and it will be very effective to increase its value more in near future.

[tracey77]

2019 wasn't so bad for BTC, besides the price the background is fine. I mean e.g. Ukrain legalized cryptocurrencies and 5th Anti-Money Laundering Directive- hope it will help in regulating crypto market in many aspects

[Distinctin]

I feel no excitement every day as we aren't able to see any huge price change. Bitcoin isn't really in the bad shape, it is actually in good trend but some people never think it was good for some instances especially when you are buying Bitcoin at $10k, and you didn't get any profit since you've bought it.
I know myself, even I bought some BTC's at $8k and even it drops more but I could still resist my worries and stay calm.

[Fatunad]

2019 wasn't so bad for BTC, besides the price the background is fine. I mean e.g. Ukrain legalized cryptocurrencies and 5th Anti-Money Laundering Directive- hope it will help in regulating crypto market in many aspects

Yes, it wasn't that bad though it may have a lot of news about cryptocurrencies and other countries accepting, legalizing cryptocurrency. Allowing blockchain technology for other countries to make their own cryptocurrency it wasn't that bad. The only bad that i see are those negative thinkers who crypto spreading some fake lies to the crypto community.

[kaeluxdeuz]

I think that Bitcoin is where it should be right now, but it will increase soon, perhaps early next year. Interestingly enough i read this article that might intrigue some of you. See here: https://highworthcitizen.com/btc-may-hit-over-25000-by-2021-says-analyst-that-predicted-btc-to-6700/

[Fappanu]

Bitcoin's status is in good shape today, and it continues to gain development and acceptance in various countries.

It's also a good price today compared to last year, But unfortunately there are still countries that do not allow the use of bitcoin and are even more restricted.

[JC btc]

They say bitcoin has greatly lost confidence. But let's face it, is it better to have bankers who print dollars that are not backed up by anything? Bitcoin even has a mathematical formula, but the issue of fiat funds cannot be called completely satisfying the needs of society. Everyone was interested in the game - they give us paper money so that we spend more, create debts and print money again. Maybe it's time to become wiser and invest in technology? Finally, I see that cryptocurrencies are valued positively in Europe

Now, bankers will say no, we do not support bitcoins, and they themselves will actively try to understand the technology for issuing cryptocurrency. They have no other chance to become part of the community and offer alternative coins to stay afloat. Look for the motives of people, they are hidden, but you should think in a category that is beneficial for the economy. And digital currencies, which also coexist with new technologies, are needed by every country.

Yes, for sure they won't support Bitcoin for now and we respect that since they are just telling what their boss told them, but banks are too greedy, for sure that once they have seen the number of transactions encountering everyday by people thru crypto for sure that they will find ways for them to adapt this and will add this to their transactions.

[Zionatin]

They say bitcoin has greatly lost confidence. But let's face it, is it better to have bankers who print dollars that are not backed up by anything? Bitcoin even has a mathematical formula, but the issue of fiat funds cannot be called completely satisfying the needs of society. Everyone was interested in the game - they give us paper money so that we spend more, create debts and print money again. Maybe it's time to become wiser and invest in technology? Finally, I see that cryptocurrencies are valued positively in Europe

Now, bankers will say no, we do not support bitcoins, and they themselves will actively try to understand the technology for issuing cryptocurrency. They have no other chance to become part of the community and offer alternative coins to stay afloat. Look for the motives of people, they are hidden, but you should think in a category that is beneficial for the economy. And digital currencies, which also coexist with new technologies, are needed by every country.

Banks will have to adapt to cryptocurrency, because people often start asking questions about who controls inflation, and there are doubts about how beneficial it is to keep fiat in a bank account. And when institutional investors enter the cryptocurrency, confidence in digital currencies will quickly increase.

Banks are just trying to stay in the game for as long as they can since they know crypto is superior to fiat in every way. I will keep half fiat half crypto and that way I have both and it is diverse and I can spend in all sorts of places. Online with crypto offline with fiat. They just need to find a good wat to introduce it to the general public.

[msarro]

They say bitcoin has greatly lost confidence. But let's face it, is it better to have bankers who print dollars that are not backed up by anything? Bitcoin even has a mathematical formula, but the issue of fiat funds cannot be called completely satisfying the needs of society. Everyone was interested in the game - they give us paper money so that we spend more, create debts and print money again. Maybe it's time to become wiser and invest in technology? Finally, I see that cryptocurrencies are valued positively in Europe

Now, bankers will say no, we do not support bitcoins, and they themselves will actively try to understand the technology for issuing cryptocurrency. They have no other chance to become part of the community and offer alternative coins to stay afloat. Look for the motives of people, they are hidden, but you should think in a category that is beneficial for the economy. And digital currencies, which also coexist with new technologies, are needed by every country.

Banks will have to adapt to cryptocurrency, because people often start asking questions about who controls inflation, and there are doubts about how beneficial it is to keep fiat in a bank account. And when institutional investors enter the cryptocurrency, confidence in digital currencies will quickly increase.

Banks are just trying to stay in the game for as long as they can since they know crypto is superior to fiat in every way. I will keep half fiat half crypto and that way I have both and it is diverse and I can spend in all sorts of places. Online with crypto offline with fiat. They just need to find a good wat to introduce it to the general public.

Thats a risky move. Putting half of your trust in crypto can be risky as its future is still not clear. I think its better to make it 30/70, 30 for crypto and 70 for fiat related investment ( that can be commodity, gold, oil, equity, forex etc). I have allocated a fixed amount that goes into my crypto invetment portfolio.
We are underestimating the power of banks and think that it will very easily surrender in front of crypto. Lets see.