Topic: Bitcoin price and actions to raise it - page 5. (Read 1168 times)

No, we can't stop the price cycle of Bitcoin, we can't make everything under the control of our hands, unless if you have all the Bitcoin perhaps it was a sort of manipulation. But I don't think we need to keep the Bitcoin price always high, we also have to put consideration that having this bear season gives us the chance to invest, and once the market went high again, our chance to sell.

It will rise and dump on its way, we'd rather let this thing happen coz we are greatly benefiting from these situations.

Bitcoin is already getting popular, naturally so.  There is obvious interest in it but we are currently not in the best mood of the market which makes it particularly harder for Bitcoin and Cryptocurrency in general to stay positive.

There are a lot of websites already pricing their items in Bitcoin next to the most widely used Fiat currencies.  There is demand for Bitcoin at the positive stages of the market, but people will stay away when they see how the chart has been looking for the past few months.  All we can really do is spread the word and continue using it and learning more about it.  No matter how desperate actions we take, they will not do much until the bear market moves away.

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Regards,
PrivacyG

Yeah, you've got a good idea but you'll already see a lot of it upon searching for those. Honestly, you don't need any action right now if you want to interest popularity of bitcoin and have a contribution to its growth.

By owning and hodling it, you already have contributed as part of the community that supports it. As you hold, you also contribute to the lessening of its supply which makes the demand higher. So that means even if you do nothing, you're already doing your thing if that's what you're trying to ask.

Go to CoinMarketCap you will find out what currency you want to fetch. Plus you can see live prices, try to see crypto to fiat conversions, and so on. But the fact is that what society needs is an explanation of crypto as simple as possible. The trick is using the conventional expansion simulation method and then you show it with the crypto payment method. You want to buy bread at a store, now in crypto, there are shops too. The difference is that you don't need to know who the seller is and who the buyer is. Just save the price you want while you wait patiently or you can also use the purchase at the current market price. All will not be much different from the conventional method. The problem lies in the person explaining the simulation, whether they fully understand crypto transactions or not.

What we experience out of the market is common. The price reached $31k+ value and have experienced a downfall on the same day. OP have tried the best to make something in the market and support the progress, but there is nothing to be done. These days even the Whales weren't able to drive the market. Maybe we can suggest every business person to accept bitcoin. This needs to be done on countries where cryptocurrency usage is regulated and legal. When real-time usage increase, surely the circulation will reflect in rise of price.

We wouldn't say that bitcoin has not done well in terms of adoption, penetration and acceptability. It is within the parenthesis of a decade since bitcoin was invented but it has made some decent growth.
I believe that what we can do is to continue to preach bitcoin and it will naturally have it's place in the society. 
Countries are already adopting bitcoin as their national legal tender and we know more adoptions will happen.
Companies are adopting bitcoin for payment and more will happen.
We should continue to develop and protect bitcoin and everything will fall in place.

This is a big issue, because when governments and whales take the main roles in crypto universe, it means the environment is becoming centralized and individuals are still slaves of the mainstream system. It actually defeats the purpose of bitcoin. Individuals are the main benefited by bitcoin, therefore should be the main interested ones in making it work by adopting it, using it daily and consequently splitting bitcoins among most hands as possible in order to avoid centralization and heavy market manipulation.

Somehow it has happened along the years, because as we can see market manipulation isn't so strong right now in a point to completely crash the market to the bottom. Support levels are decent and the more adoption grows, more stable the market must be.

About actions to raise price, they are all about increasing demand. And not only demand from investors specifically. Most people in the world aren't investors, but wasters/spenders. To grab this public, businesses must integrate bitcoin to their platforms and offer promotions to customers. For an example: credit/debit bitcoin cards with generous cashback feature, high cashback percentage from purchases made with bitcoin, discounts when shopping with bitcoin an so on... It depends the creativity of each business to encourage people using cryptocurrency.

Now investors have time to try bitcoin eco-system. For new investors, there is a question about the status of bitcoin and trust. If bitcoin suddenly costs 0 euros or dollars, will bitcoin exist? Can bitcoin exist like a dollar without assets and ensurance? Probably can when it has built environment. As far as crypto is digital money/asset it needs digital environment. It is time for wide environment development. Websites are digital structure where crypto can perform.

I don't think tje future of BTC (and crypto) is in the hands of the individual, rather governments and bigger players because their addoption (or lessening of regulations / finding a middle ground) is what can push it through to the next stage, so us little people have done their part (more or less) and now we need to see how all this unfolds.

The rapid growth of bitcoin in the future will activate the demand for other cryptocurrencies too  . We have a future ahead of us with different cryptocurrencies probably for different purposes . If we constantly use the exchange into ordinary currencies for payment, then crypto will have a constant dependence on ordinary currencies. If crypto has its own tools, then there will be less dependence on tools of ordinary currencies. Payment systems for crypto seems to be good idea 
So far bitcoin has been considered as an investment asset. Banks, funds and people use it for investments. Initial environment for storing and exchanging currencies has been built for crypto. Ordinary currencies have tools for storage, exchanges and also instruments such as payment for goods and services. The question today is about that status of crypto. Is it asset or is it going to be a currency?

What is happening with cryptocurrency price regulations, now is not the first time or second we experience the falling of cryptocurrency. So from my perspective, their is not wrong with the price depreciations but it's an avenue for buyers or who wants to invest into cryptocurrency to purchase and hold for period of time. The challenge we have right now is the market structure. The determination of the market is be activated through the gravity of the demand and supply for it's speed in price decrement and increments.

I guess there is no issue with the current price of Bitcoins.
You need to just change the way of your thinking.
This is actually the crucial point, where many new investors have the chance to buy Bitcoins and can be part of the eco system.
Regarding the price rise thing, then you need to just wait and give time to market.
Eventually when the time pass, people will see the true value of Bitcoins, and will start to buy as much as they can. This will no doubt increase the hype for Bitcoins, and soon it will rise.
Moreover in the game of Bitcoin investment, you need to show always the patience and wait for long term.
Will be glad to hear more people’s thought on this.

Are other cryptocurrencies developing well? I would not say that this is any meaningful development in the sense of bringing some benefit to the world, but that individuals get rich on false promises that they have created something better than Bitcoin. You have about 20 000 cryptocurrencies/tokens today, and 99% are completely useless and will not exist in the future - what kind of world are you talking about then and what kind of preparations?

Honestly, your ideas don't make sense to me personally, and I can't say whether it's because of your language barrier or you're a complete beginner living in some kind of illusion?

Its a huge hurdle in driving more investors to BTC because of its volatility. Even when there will be more popular stores willing to accept BTC, only few people are willing to spend it to them. Which is why only halving somehow drives its price up.

Bitcoin is already popular but the release of CBDCs linked to wallets like Chivo, Revolut, Stripes I think will help make it possible for regular Joes to try it out.

Issues on what happen in the world somehow what make people base on what will be the movement of the market that's why we see heavy sentiments once there is a crisis happening in the world just like the issue of covid and the war in Russia. This is why I don't really convinced on people who say about bull run is coming since if the war will still occur for sure this one hit badly on the global markets.

First of all this is about the rise the price of BTC because it is in red for long time or we are talking about increasing the adoption?

There are lot of websites accept cryptocurrency payments but it didn't bring the change we all wanted because people really don't want to spend their BTC because we call it as asset not as medium of exchange so if the condition remain same then the BTC will never be able to reach the main stream payment mode.

I think there are more than enough websites across the globe that show the price of bitcoin in different currencies, I don’t think that’s any part of the “issue” at all. I think much of bitcoins drop simply has the same thing to do with what’s going on with traditional financial markets in that the war and and the corona virus play the largest part, as well as the fall of the markets themselves.

well to the best of my knowledge bitcoin in cryptocurrency is sustainable on itself except for other cryptos, the global growth for. adoption of it use keep increasing daily despite many of use don't know how and why but the whole world of internet has been dominated by the search of the word bitcoin, this has gone wide because of the system built for it and that's what exactly the need of the people, now you can see why i said bitcoin growth is sustainable by itself through the system built for it, another good example is when someone has quality things to offers, men begins to go after such person for their service role. [/quote]

I think there are enough websites with prices in different currencies, and most people I know use only one of them: Coingecko or Coinmarketcap. New websites, even when they seem alright, don't get popular because they are unnecessary (perhaps some in local languages exist and are locally popular, but it's a different thing).
As for BTC growth, I think it's potentially possible to bring about change if one succeeds at starting community action (like with Gamestop). It won't work as effectively because of Bitcoin's huge marketcap, but it could lead to some positive price movement. However, I don't think there's a good enough motive to inspire people to take part in it because Bitcoin is just volatile, and low prices are a good opportunity to invest. Also, it doesn't matter in the long run that Bitcoin is currently at a low point.

It doesn't make much sense for a website owner to display prices in terms of different cryptocurrencies because customers haven't yet mastered the skill of thinking in terms of something that is not a widely-adopted unit of account to measure exchange rates between various types of goods. Even more, being a unit of account is the last stage of the evolution of a digital good that is being monetized in the process of economic interactions, so we should find other solutions that would help hasten this process of monetization. To popularize cryptocurrency, we should first promote its usage as a store of value and only then as a medium of exchange or unit of measurement. Store of value is the most important factor since it allows people to alleviate the influence of the modern financial system, which is known to be based on credit creation and uncontrolled inflation. Once people realize the importance of saving and keeping their cash balances intact, they will start moving gradually towards the asset that best performs such a function of preserving wealth.