Bitcoin in a good shape?

[boredomking55]

Guys I haven't been here for a while and I'm wondering if Bitcoin is in a better shape than last time I checked 2 years ago.

Thanks

[AmoreJaz]

are you kidding me? have you checked at least coindesk - https://www.coindesk.com/price/bitcoin

2 years ago the btc price was about $6k+ and now we actually touched the $12k level already but still more than $11500. so what d'ya think this chart is saying to you?

[john_nautica]

Wow, 2 years is a long time, where have you been mate? Bitcoin is definitely getting better through the days, there might be bad days but still, it gets better. The crypto world is thriving I must say.

[carter34]

Guys I haven't been here for a while and I'm wondering if Bitcoin is in a better shape than last time I checked 2 years ago.

Thanks

It is certainly getting better for hodlers. Yes two years ago was the time price dropped after ATH in 2017 but now price touched $12,000 and retraced. Well, I don't know if we are still going to see that 2018 price.

[BrewMaster]

the node count has reached 100k again and the number of nodes with accepting connection is nearly 11k.

there are more than 13k lightning nodes more than 2k of them are over TOR with 37k channels and total capacity of $12 million.

the hashrate just hit a new ATH which shows the growth of the mining operation while the distribution of this hashrate shows a spread of it around the world.

there are a total of nearly 400k transactions being made every day on bitcoin network transferring about $2 billion in total.

number of merchants accepting bitcoin as payment has shown a steady growth over the past 2 years with payment processors such as bitpay showing a steady growth of the number of transactions they process of about 3% per month.

bitcoin clients have been improved a lot, may of them have introduced LN wallets such as Electrum.

bitcoin development has also been hot. we got the Schnorr signatures published as a BIP a couple of months back with lots of other proposals for improving privacy of bitcoin transactions. and we are close to version 1 witness.

[usekevin]

Two years ago, the number of users who know about cryptocurrency and Bitcoin is low. And the price of bitcoin is half of the price compared to now. It's nearly 6000$ and it raised above 11,000$ even a pandemic time. I had never expected, such things will happen. Because many people suffering to earn from corona, some had lost their job because of it. Even in such situation, the price of bitcoin had reached a peak. It was wondering

[yayayo]

Have you checked the market yet? I think that's the first thing you should do.
Well if to give you a quick recap yes the Bitcoin is still in good shape and still more people are trading it and the market seems recovering and now on its bullish.

ya.ya.yo!

[dothebeats]

Price-wise, we are definitely in a better shape compared to what was last year. Legislation, regulation, and overall acceptance, we're still there, though we have advanced quite a few steps from where we were in 2018. Public interest also is surging together with the price. And even with a lot of people being affected by the pandemic currently, bitcoin still performed unusually better compared to all other assets out there that have established markets and a lot of deep pockets that can literally save their asses if needs be.

[bitmover]

Corona virus , the economic crisis, money injection all over the world while bitcoin was halving certainly attracted many keys to bitcoin.
Imo, this is why more people are trusting their economies in bitcoin now.

We will probably have more inflation in the near future. And bitcoin can protect us

[pixie85]

It's mych better in every aspect.

2 years ago we were in a bear market now it's bull
2 years ago we had lower market price
2 years ago there were less bicoin users and less exchanges.

What more do you need?

[rexxarofmoknathal]

2 years ago the btc price was about $6k+ and now we actually touched the $12k level already but still more than $11500. so what d'ya think this chart is saying to you?

I'm not sure if you've been in a coma or just lived in the wild for the past 2 years because it would have been impossible otherwise to not notice the significant growth there has been in BTC and cryptocurrency in general.

Dude, the latest biggest spike in 2018 went viral... Even today BTC is in a good position and everyone is kinda holding their breath to see the next market price barrier breach... In other words things are looking green

[goinmerry]

Guys I haven't been here for a while and I'm wondering if Bitcoin is in a better shape than last time I checked 2 years ago.

Thanks

If you are only looking at the price to consider if Bitcoin is in better shape then better change your thinking.

Bitcoin is in better shape since the beginning.

Be involved once again so you are updated. From there you can answer the question by yourself.

[jossiel]

2018 was the bear market and we're in 2020. Bitcoin is on its better price than that year. It's a yes that bitcoin is in a better shape today. Check it how much bitcoin you have 2 years ago and see the US dollar value of it.

I'm sure that you'll be happy to check the current value of it because it's higher than 2 years ago.

[Jemzx00]

Last 2 years ago Bitcoin and other crypto have spike their prices that time due to high demand because of the sudden increase of popularity which affects the price of it temporarily. A lot of people lost their money that time when the price and the hype plummeted especially newbies who just got into bitcoin and other cryptos.
So yeah, bitcoin is in good shape right now, steadily going back to it's price point way back when it was primarily hype last 2 years ago.
Other than the price, a lot of technologies, websites, and exchanges have rise and come up for the past 2 years.

[Sanugarid]

Well if we look at the price then we can basically compare the two and would definitely agree that bitcoin is in good shape right now at $12K, but there are still a few months left in the year 2020, we don't still know where the price will end either just as good as now, better, or badly. You should have checked the price from the recent years OP, a simple search will answer your basic question. As I noticed from your username 'boredomking' it seems that you have just get back in crypto, and it is really awful to ask something like this with your first post without reading anything. My advice? read and invest. 

[AakZaki]

Bitcoin has always been in good shape. 2 years ago, the price reached the highest ATH but in the following years bitcoin experienced a significant decline. Bitcoin is currently also growing rapidly, many real sectors are starting to adopt bitcoin. During this pandemic, bitcoin has also become a digital currency that is widely used by people to benefit from investment and also through trade. Maybe Bitcoin will hit a new ATH in the coming years too.

[Oilacris]

are you kidding me? have you checked at least coindesk - https://www.coindesk.com/price/bitcoin

2 years ago the btc price was about $6k+ and now we actually touched the $12k level already but still more than $11500. so what d'ya think this chart is saying to you?

If he literally talk on the same date then we would really able to say that it is indeed in good shape basing of on the price alone or into its comparison.

But we have reached this price point where it did take a really long time and we have been on several events or situations like the halving, pandemic situation etc.

There are lots of things happened along the way but it do shows that this market is trying to recover up in spite on the situation.

[kemoglo]

Guys I haven't been here for a while and I'm wondering if Bitcoin is in a better shape than last time I checked 2 years ago.

Thanks

Absolutely. Two years ago there was a looming dread still from people who had bought at 16k+, we're in a bull market now!

[minersday]

Guys I haven't been here for a while and I'm wondering if Bitcoin is in a better shape than last time I checked 2 years ago.

Thanks

First and foremost, what do you mean by "Bitcoin is in a better shape" ? are you referring to whether the price of Bitcoin is in better shape or whether the entire Bitcoin ecosystem is in better shape ?  If its about the market pattern of Bitcoin, the price of Bitcoin has always been up and down since it was introduced into the financial ecosystem.

[LogitechMouse]

Lots of developments.
Lots of upgrades
Some establishments are starting to accept crypto.
Price of Bitcoin is way higher than it is 2 years ago.

I can't say right now though that we are in a bull market but I'm bullish on it. If you want to enter and buy, wait for a correction first before buying. Welcome again . Compare to where Bitcoin was 2 years ago, it has a better shape right now.