Post
Topic
Board Bitcoin Discussion
Re: How do you measure the success of Bitcoin?
by
Slow death
on 28/11/2018, 22:14:31 UTC
I see a lot of obsession with price on these forums. In my opinion, price is a distraction from BTC becoming a success.

let's assume that the bitcoin price was $1, do you really think that bitcoin would have a lot of attention and success? How many miners are mining bitcoin? how many exchange would exist? how many people would know about bitcoin? how many institutional investors would be interested in investing in bitcoin? the increase in prices arouses people's attention. crypto have a lot of attention because of their high price increase, people like something that today has price X and tomorrow has a great price increase.

I measure BTC success on ease of use, levels of adoption, and scalability. Along with decentralization, these should be our obsession.

you need to understand that there are investors and there are people who love the technology itself.

there are many people who invest in gold, they love gold and they do not even know where the gold mines are. there are many people who invest in diamonds and do not even know where these diamonds come from, there are a lot of people who invest in bitcoin and these investors are worried about profits, the miners are worried about profits.