What do you think of the current status of Bitcoin?

[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

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.

yeah... when it comes to negative thinkers- they were, they are and they will be, that's an inseparable part of any community. But I see your point, it's pretty easy to spread false information about that, it's a topic many people have no idea about. The worst thing is there are more and more scams and crimes connected to crypto, so the 'reputation' of digital currencies is being destroyed all the time.

[Bim abk]

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.

indeed in a country's licensing we cannot expect much, because they have their own rules. and for the problem of current price conditions, in my opinion it is also quite good, and now it is better to prepare for the years to come.

[fullhdpixel]

Yep, you're right with every reason you have stated here, Bitcoin has grown a lot and there are still a lot of people that are joining the community everyday. Lots of websites are now accepting Bitcoin and I believe that there are still lots of them that will accept it. And right now there are a lot of things you can do with Bitcoin, even if you can pay direct to those services by using Bitcoin, you can make use of wallets like Bitpay to buy gift cards of those sites if they are available, like Amazon, Delta, Uber, Xbox and a lot of them.

There are also Bitcoin ATM and the number of them that are being opened keeps growing. This year has been a good year for Bitcoin and not just Bitcoin, but cryptocurrency as a whole, though the price has been low.

[airdnasxela]

Looking at the positive side, bitcoin is currently growing that some countries are now starting to recognize and studying about blockchain technology and cryptocurrency. Sooner or later, they might start working on adopting it. Though on the contrary, along side with its continuous grow, hacking and scamming is also increasing. They're creating more ways on scamming people. If more people adopts and move into crypto, bad people will also do the same.

[Jellachrist]

Your points are really amazing, the introduction of blockchain which gave birth to cryptocurrencies with Bitcoin been the first and leading coin in the crypto industry has not only yield early adopters profit but makes online transaction simple, secured and very fast compared to the centralized system where transactions takes days before delivery. Bitcoin has serve as source of employment for many youths which has greatly lead to the reduction of crimes round the globe.This year 2019 I have gain a lot from Bitcoin trading which I believed it as well gets to every trader.  So I believed its only those who comes in, in 2017 and get it at high rate before it drops and those that fall into wrong hand that will speak bad of this great evolving technoloy.

[iram3130]

We always said that we need more implementation of the blockchain and the market dump made more people understand that bitcoin and blockchain are here to stay no matter what. The current status of the bitcoin needs to get into bullish and people will automatically start pouring in again.

[Wintersoldier]

We always said that we need more implementation of the blockchain and the market dump made more people understand that bitcoin and blockchain are here to stay no matter what. The current status of the bitcoin needs to get into bullish and people will automatically start pouring in again.

Then that is not the current status of bitcoin I guess? Because for me knowing the fact that bitcoin today isn't profitable, I barely see that there is still a good potential to the big market uptrend in the near future. But what is more important to this discuss is what we are today in cryptocurrency space which I consider in a huge market correct phase where we can expect a sudden decline of the market anytime. But there's nothing to worry because as per the market analysis of most of the crypto enthusiasts, bitcoin halving will have a great effect to the future of bitcoin.

[White Christmas]

We always said that we need more implementation of the blockchain and the market dump made more people understand that bitcoin and blockchain are here to stay no matter what. The current status of the bitcoin needs to get into bullish and people will automatically start pouring in again.

Then that is not the current status of bitcoin I guess? Because for me knowing the fact that bitcoin today isn't profitable, I barely see that there is still a good potential to the big market uptrend in the near future. But what is more important to this discuss is what we are today in cryptocurrency space which I consider in a huge market correct phase where we can expect a sudden decline of the market anytime. But there's nothing to worry because as per the market analysis of most of the crypto enthusiasts, bitcoin halving will have a great effect to the future of bitcoin.

I don't think that bitcoin is not profitable for now, because as what I can see there are still some people who are making and earning money through the use of bitcoin although the market is suddenly at the bad moment right now,  there are still a few people who are keep on earning but I cannot say that those person are still earning huge but they are still earning little by little. And it's right that there are so many predictions and speculations what would probably happen after the bitcoin halving was done and we still don't know yet what it is and maybe that would be the current state of bitcoin right now.

[Youghoor]

Bitcoin has been through a lot for the pass 10 years of its existence in the financial world and the entire world in general. The current status of Bitcoin is that  a lot of people in the entire crypto space do not really understand and know what Bitcoin is and the real purpose of Bitcoin, they only see bitcoin as a digital asset.  The entire crypto space regards Bitcoin as a digital asset than a digital currency just like fiat currencies used for exchange of goods and services.  This has affected the rate at which Bitcoin is been adapted into the main stream financial ecosystem.  The idea of Bitcoin being a digital asset is affecting the way people see Bitcoin.

[tianglistrik]

Bitcoin has been through a lot for the pass 10 years of its existence in the financial world and the entire world in general. The current status of Bitcoin is that  a lot of people in the entire crypto space do not really understand and know what Bitcoin is and the real purpose of Bitcoin, they only see bitcoin as a digital asset.  The entire crypto space regards Bitcoin as a digital asset than a digital currency just like fiat currencies used for exchange of goods and services.  This has affected the rate at which Bitcoin is been adapted into the main stream financial ecosystem.  The idea of Bitcoin being a digital asset is affecting the way people see Bitcoin.

bitcoin growth is quite a lot in this world and also has positive impacts and also some negative impacts. but its technology is still very minimal in the know, I myself only learned of the great technology that exists after reading the bitcoin whitepaper in 2018, and before that I only saw bitcoin in terms of investment only

[Ailmand]

2019 was another stepping stone for Bitcoin to move forward and to reach more achievements and success. This year was a long journey for Bitcoin but there were lots of improvements and adoptions which we should consider as an advantage for the better situation of crypto in the coming years.

[rodskee]

just like what happen from the past years.there is a Pump and also dumping,many fraud but there are positive news also so all and all?great year for the 10 consecutive and looking for more adoption .

[tippytoes]

2019 was another stepping stone for Bitcoin to move forward and to reach more achievements and success. This year was a long journey for Bitcoin but there were lots of improvements and adoptions which we should consider as an advantage for the better situation of crypto in the coming years.

This is a year also of realization to many crypto users and understand better what's going in the market. Adoption is growing every day and that means the demand of crypto is also growing. This year is really a long journey for bitcoin attaining a more stabilized value as compared to previous years of its existence.

[imstillthebest]

2019 was another stepping stone for Bitcoin to move forward and to reach more achievements and success. This year was a long journey for Bitcoin but there were lots of improvements and adoptions which we should consider as an advantage for the better situation of crypto in the coming years.

This is a year also of realization to many crypto users and understand better what's going in the market. Adoption is growing every day and that means the demand of crypto is also growing. This year is really a long journey for bitcoin attaining a more stabilized value as compared to previous years of its existence.

atleast btc achieved that right ? to become less volatile  .  that is also my wish before and now this year was a succesor  .

btc did seem to stabilize for a long time but the only problem is that its value dropped too much  . my happiness were cut off tbh but what i can do ? the year is almost over so i can only expect for a better price increase next year  .  now for this moment . i think i wont acumulate more btc but id only wait to see if btc recover next year   .  that would be my go signal to start the year 

[Yassin]

not much different from 2016, only the value is different, but Bitcoin has increased more, everyone has begun to believe, including the government, 2019 is the starting point for Bitcoin to go to the moon.

[kro55]

2019 was another stepping stone for Bitcoin to move forward and to reach more achievements and success. This year was a long journey for Bitcoin but there were lots of improvements and adoptions which we should consider as an advantage for the better situation of crypto in the coming years.

This is a year also of realization to many crypto users and understand better what's going in the market. Adoption is growing every day and that means the demand of crypto is also growing. This year is really a long journey for bitcoin attaining a more stabilized value as compared to previous years of its existence.

atleast btc achieved that right ? to become less volatile  .  that is also my wish before and now this year was a succesor  .

btc did seem to stabilize for a long time but the only problem is that its value dropped too much  . my happiness were cut off tbh but what i can do ? the year is almost over so i can only expect for a better price increase next year  .  now for this moment . i think i wont acumulate more btc but id only wait to see if btc recover next year   .  that would be my go signal to start the year 

I think volatility is still a major issue for everyone involved in bitcoin trading. Perhaps more liquidity to crypto market may solve this issue.   

Bitcoin's price volatility has been a source of doubt about its narrative both as digital cash and as digital gold.
The path out of this stasis is murky. Bitcoin's volatility has increased, while the percentage of bitcoin engaged in the market has remained flat. If stability and liquidity are part of bitcoin's road to becoming a more mature asset, the year 2019 has been a period of arrested development.
Source

 

[cutesgirl]

2019 was another stepping stone for Bitcoin to move forward and to reach more achievements and success. This year was a long journey for Bitcoin but there were lots of improvements and adoptions which we should consider as an advantage for the better situation of crypto in the coming years.

This is a year also of realization to many crypto users and understand better what's going in the market. Adoption is growing every day and that means the demand of crypto is also growing. This year is really a long journey for bitcoin attaining a more stabilized value as compared to previous years of its existence.

I think 2018 and 2019 become bad moment with bitcoin and altcoin have lower price, faced moment where bitcoin can growing up with higher price and keep stable with lower price always, now we will on new year 2020 and hope bitcoin can give new moment where bitcoin and altcoin have higher price again and give much profit for us and keep stay for investing with bitcoin again.

[Slow death]

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

Despite some progress we are still having problems like this:

Study: Chinas btc Miners Control 66% of Global Hash Rate

As recently reported by Cointelegraph, Bitmain and Canaan Creative are the top mining chip suppliers in China. Meanwhile, Bitmain appears on track to monopolize China’s crypto mining market as some reports claim that the company accounts for 75% market share of the crypto hardware market worldwide.

and these are the latest news about Bitmain:

Wu Jihan resurfaces as Bitmain Ceo after Co-Founder is Forced Out

the price may rise a lot, more people may enter the crypto world, but for a long time china's nightmare will haunt us

[sapnu]

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

Despite some progress we are still having problems like this:

Study: Chinas BTC Miners Control 66% of Global Hash Rate

As recently reported by Cointelegraph, Bitmain and Canaan Creative are the top mining chip suppliers in China. Meanwhile, Bitmain appears on track to monopolize China’s crypto mining market as some reports claim that the company accounts for 75% market share of the crypto hardware market worldwide.

and these are the latest news about Bitmain:

Wu Jihan resurfaces as Bitmain Ceo after Co-Founder is Forced Out

the price may rise a lot, more people may enter the crypto world, but for a long time china's nightmare will haunt us

For me, it is just staying at this price as of now, because it has not adjusted in terms of price and stays the same, maybe this last month of the year it may be pump up in terms of value, we all wish that it will happen. If that happens, the projects that are being developed last 2017 or the time it started to fall down may go recover also and can give what is being given to them, the only thing we are waiting as a bounty hunter and an investor is that the token will be listed if the market goes very well.

[EdvinZ]

I think that Bitcoin at the moment, it is primarily an investment tool. Yes, it can be called a currency, but such a currency with an extremely unstable rate, few people will want to pay on a daily basis. Therefore, while the Bitcoin exchange rate is unstable, this asset is similar to a stock. Perhaps in the future this will change. Technology and the idea that Satoshi Nakamoto gave to the world can fundamentally change the economy. Many unnecessary intermediaries will disappear, money transfers will become cheaper, faster. Therefore, for me, Bitcoin is primarily a flagship payment project that shows humanity the way to free settlements.