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Author Topic: Can we conclud now that Bitcoin has been successful?  (Read 6263 times)

Offline Bobcrypto

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Can we conclud now that Bitcoin has been successful?
« on: June 27, 2020, 11:16:43 AM »
Gentle men and ladies, I just want your attention in this my little opinion about the journey of Bitcoin since 2009 till date, and that I thought the first crypto has been very successful.
In summary of it's road to success, I will not forget to let you all know that Bitcoin or cryptocurrency had witness numbers of setbacks, criticisms from institutions, individuals, Governments, Nations etc. Certain respected individuals and organization had said in this quote, " Bitcoin is bubble ready to burst", "Bitcoin is ponsi scheme", "Bitcoin is a scam", etc.

Now, I had come access certern news that suggest that if Bitcoin becomed successful, govts will force their power to ban all crypto since they have the guns. However i think otherwise, the govts may not succeed. In this my little write up or post, do you think Bitcoin/crypto had been successful? Your thoughts.  Thanks.

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Can we conclud now that Bitcoin has been successful?
« on: June 27, 2020, 11:16:43 AM »

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Offline trauchot

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #1 on: June 27, 2020, 11:56:16 AM »
Bitcoin has become very popular all over the world and the technologies and capabilities of Bitcoin are also very popular and other cryptocurrencies have been created and are created on the basis of Bitcoin and therefore the cryptocurrency sphere is becoming so popular so quickly.
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Re: Can we conclud now that Bitcoin has been successful?
« Reply #2 on: June 27, 2020, 12:53:08 PM »
The popularity of bitcoin did not happen overnight. It took a long time to become popular. So I think there is no technology or organization that can beat bitcoin. bitcoin is now facing the extreme reality of improvement. So all individuals or organizations will be obliged to give priority to bitcoin. So the popularity of bitcoin is unlikely to decline. If you look at the market, you will see that the price of bitcoin is constantly changing. This is the ultimate reality that the popularity of bitcoin will increase further.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #3 on: June 27, 2020, 07:16:18 PM »
Unfortunately, I can’t conclude right now that Bitcoin has become successful. In fact, Bitcoin has not fulfilled its main task - to become an alternative means of payment to the traditional existing system of financial payments. Altcoins have already bypassed much bitcoin in this, and bitcoin itself is still very poorly used as a means of payment.
With the advent of stable coins, and especially stable state coins, the chances of a means of payment with Bitcoin will fall even further.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #4 on: June 27, 2020, 09:28:02 PM »
In many ways than one, we can already say that BTC has become a big success but then again if we are really talking of it as a real currency adopted by the mainstream population that is an area which needs improvement. As far as storage of value, a safe haven maybe or as a great speculative asset, these areas are already covered by BTC. The journey of BTC will never stop, of course, so there is actually no final destination and in fact we have just started.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #5 on: June 29, 2020, 06:37:18 AM »
When talking about prices, of course Bitcoin is very successful considering the price of Bitcoin which has increased so rapidly from the beginning of its release but when talking about the function and purpose of the creation of Bitcoin, I think it is far from being successful.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #6 on: June 29, 2020, 08:03:42 PM »
Unfortunately, I can’t conclude right now that Bitcoin has become successful. In fact, Bitcoin has not fulfilled its main task - to become an alternative means of payment to the traditional existing system of financial payments. Altcoins have already bypassed much bitcoin in this, and bitcoin itself is still very poorly used as a means of payment.
With the advent of stable coins, and especially stable state coins, the chances of a means of payment with Bitcoin will fall even further.

Maybe not now.
Maybe not tomorrow.
Maybe at the right time bitcoin will fulfill the main task to become an alternative means of payments even though it will fall even further. There is a right time for everything.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #6 on: June 29, 2020, 08:03:42 PM »


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Re: Can we conclud now that Bitcoin has been successful?
« Reply #7 on: June 29, 2020, 11:50:32 PM »
We should know in what case Bitcoin's success. In this crypto world? Its value or price? Or even on its digital asset value that becomes stronger day to day?
Here, BTC has been successful to be accepted in many more countries and people. BTC has proven that they are worthy of investemnt or trading. However, if it is compared with its ATH in 2017/2018, it seems like that BTC is less successful this year.
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Re: Can we conclud now that Bitcoin has been successful?
« Reply #8 on: June 30, 2020, 09:33:43 AM »
It’s hard to give an assessment. But so far no one has banned Bitcoin. And even in some countries, with the help of Bitcoin, it is actually possible to pay taxes and services. I do not think that it makes sense for governments to ban it. And in general, cryptocurrencies are not so dangerous in fact.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #9 on: June 30, 2020, 10:14:41 AM »
I cannot say whether bitcoin is successful or not, this will always be a question when many countries still prohibit the transaction of Bitcoin payments.
Bitcoin may be prohibited in some countries, because every government has rules when someone wants to make a payment transaction, but there are many countries that do not prohibit Bitcoin investments. This is still a lot of conversation in several countries, but I hope, we can use Bitcoin and Altcoin to be able to shop in online and offline stores in all countries
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Re: Can we conclud now that Bitcoin has been successful?
« Reply #10 on: June 30, 2020, 01:02:51 PM »
A favorite coin of bitcoin investors and various organizations. There are many small investors around us. Those who know bitcoin very well. People's daily lives require a lot of things, but I would say that the need for bitcoin will expand in many cases. No one can suppress it. As the world progresses, so does the use of smart technology. So I think blockchain is a smart technology. So the popularity of bitcoin will increase day by day.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #11 on: June 30, 2020, 02:00:17 PM »
People are constantly helping their new ideas with blockchain. Using blockchain, people have made huge changes to cryptocurrency. The popularity of bitcoin is also growing. We don't know what the future of bitcoin will look like.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #12 on: June 30, 2020, 06:08:09 PM »
bitcoin can be said to be successful, because bitcoin has peaked prices on the market, and many billionaires are competing to get bitcoin

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #13 on: July 01, 2020, 02:50:01 PM »
I don't doubt Bitcoin is a successful cryptocurrency. At the beginning of Bitcoin launched, it wouldn't think if Bitcoin would be a valuable digital asset. Bitcoin is not a scam and Bitcoin now proves it. Bitcoin is very popular and the government in my country now recognizes that this digital asset needs to be developed. I personally was very disappointed with not knowing Bitcoin since 2009. If I knew he would have had a lot of money.

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Re: Can we conclud now that Bitcoin has been successful?
« Reply #14 on: July 01, 2020, 03:52:03 PM »
bitcoin was already successful, we are now in year 2020 bitcoin is still running in the market. No one can stop bitcoin because people all over the world adopting it so bitcoin can survive for long.

 

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