Topic: Effective and Intelligent Solutions to Propel Future Bitcoin Price Surge (Read 244 times)

Bitcoin Spot ETF approvals, first one and more later in the USA. are most expected forces for Bitcoin bull run in 2024 and 2025. I have a similar thinking like yours and I think we already saw some signals that SEC are under bigger pressure from the USA. Congress to do their regulation more transparently and must be based on active laws. They must stop their arbitrary regulations like the last few years and BlackRock is expected to be a first entity will get a first approved Bitcoin Spot ETF in the nation. They have only 1 failed application in total 600 ETF applications they made.

If people invest in Bitcoin, mempools won't be clogged. Because true investors don't often make on chain transactions, they buy and hold. Traders and fans of meme tokens like BRC20, make the mempools clogged.

True, since Bitcoin become a speculative asset, store of value, it will create a lot of hype specially around the bull run. We just don't know what will be the hype next, in 2024-2025 wherein we expect that the price will hit at least 6 digits. I think it will be more likely driven by the Bitcoin ETF approval and so more money will flow again. But after that, go back to normal again.

In any case though, we have LN for smaller and faster transactions. But for the majority, what we wanted to see is that it be accepted universally, regardless if the mempool is clogged or not.

We can hope that positive developments will create real demand, but it will more likely create hype for speculative trading like it did in the past. 2021 market was full of hype about institutional adoption, and the price crashed after it. 2017 was the hype of blockchain revolution, and it crashed. 2013 was the hype of Bitcoin adoption and it crashed.

The next bull market will also have a story that will drive the price, and the price gain will be much higher than the actual effect, so it will be unsustainable.

I think that there are still many unsolved problems with BTC network: firstly, it still can't be used for small purchases due to lack of mining power (fees are still an issue if we use blockchain coins for small payments). Moreover, the other problem is the main hodlers: they can become influential tycoons some day, since probably they already possess most crypto money. This threatens financial freedom, since it would bring centalisation into crypto financial system (thats what we see in fiat money system now). So, there is plenty of work to do with BTC and other blockchain projects.

1.If Bitcoin was so awesome, then why every company in the world hasn't adopted it yet?

2.Relying on "the powers that be" to improve regulations in order to boost crypto adoption is kinda delusional.

3.Bitcoin will never be capable of handling billons of transactions per minute. Deal with it.

4.Again. Relying on "the powers that be"(which support fiat money) to pump crypto adoption is kinda delusional.

5.Bitcoin is a risky and volatile asset. In times of economic uncertainty, the investors simply choose gold.

6.Yes, we could educate more people about Bitcoin, but don't expect mass adoption because of this.

I'm not trying to shit on Bitcoin. I just want you to be more realistic about BTC and to stop with the wishful thinking in regards to Bitcoin.

demand comes and goes. and the market is not represented by all 19m coins in circulation but a smaller reserve of alot less coins stored in custodial exchanges.. so the demand premiss is just about temporary volatility not sustainable price propelling..

now lets take a real example although iphones are popular do you know the real reason iphones cost more than a burner phone.. because of the underlying value of the material cost to make it puts iphones at a higher price range in the first place and then the speculative emotional choices of retail pricing goes ontop.

you will notice how PoW networks with 10x less hashpower have 10x less market price.. there is a fundemental underlying reason for this

you will notice that PoS coins are not backed by any underlying fundemental value. and those coins are 99.5% speculative pumped/hyped coins. only held up by arbitrage opportunities of better PoW coins

The price of Bitcoin in the coming days really depends on the demand and demand is based on the adoption and acceptance and adoption needs regularity and this is like the hanging part. From the adoption, the main role can be played by the regulation, at the same time I think market awareness can also play a massive role. If they do accept BTC as a payment mode it can automatically lead a mass adoption but at the same time if the community survives and paly a vital role in presenting the features of bitcoin so far we are doing so well.

It can automatically attract the investors not talking about the institutional investor or funding here I am referring the those like me and you who try to find the opportunities as Bitcoin can be their dream oppertunity.

The user in question didn't say it was a solution.  They said it helps:

(underline emphasis mine)

If anyone sees BlockchainHitler (franky1) trying to put words in peoples' mouths, please call him out on it.  He is fundamentally dishonest and incapable of being reasonable. 

This should be the main focus if someone wants to propel Future Bitcoin Price Surge.  We all know that when it comes to the market, the supply and demand rule. We need to get more people to know Bitcoin and adopt it.  Technology, regulations, and other stuff are the factors that can help in adoption but marketing and the right information dissemination is the one that conveys all these developments. So I believe the Bitcoin marketing campaign should be emphasized.  No one will use any means of technology and no one will know about Bitcoin regulation is no one advertises it.  Bitcoin cannot promote itself and produce adoption unless someone is recommending, advertising and marketing Bitcoin to every individual.

funny thing is there are many other subnetworks.. and majority of them have better network liquidity, less bottleneck flaws and less bugs and less ways for those involved to steal funds from users..

i have never been against subnetworks.. if people want to use one for its niche utility go ahead.. but when its the one that has been "promised" to be the solution to bitcoins scaling solution that everyone needs to move over to.. yet 6 years later people still want a solution to bitcoin scaling
LN failed the test of time.. get over it.
you are just angry that i highlight LN's flaws.. again there are other things people can use for niche things. but people should be aware of all the pro-cons of what they use and not just pumped by idiots with the unmet utopian promises of one failed network that was the promised-land solution 6 years ago

LN is not bitcoins solution.. examples, experience and time have proven it.
its time you move on.. you sound like a floppy disk salesman. promoting something from a era long ago

EDIT to answer troll below(doomad)

topic title

---

now back on topic after silly salesman altnet troll wanted to provoke a derailment about his emotionally triggered observation of me ruining promotional campaigns of another network that is not bitcoin

to propel future prices.. the topic creator listed certain items but all of them are just temporary pump and dump options. to actually truly propel rather than pump. means to increase the underlying value of bitcoin which then affects the speculative retail market that prices bitcoin above the value

the main value maker of bitcoin is the mining cost. its that simple

There are many things to look into which may possibly drive the bitcoin future market demands and most like will be in a positive direction than the other way, the supply as well will move in the same corresponding pattern along with it's demands, we must not left out the steady and consistent increase with bitcoin value over these period of time, we could also get some more information about the past events with bitcoin volatility and all time high in previous years, this confidence also lies when the entire bitcoin had been mined, it value will remain relevant.

But Bitcoin went above 60,000 few years ago without most of the points you listed as solutions.
Beside incompatibility with the Bitcoin ideals, the solution won't have any significant impact on the price of Bitcoin and it will create several issues.
I re-arranged your list in an order of priority to see if the solutions can be effective if implemented one after the other:
1. Scalability and Technological Improvements

2. Regulatory Clarity

3. Educational Initiatives

4. Global Economic Uncertainty

5. Mass Adoption and Mainstream Recognition

6. Institutional Investment


Anyone who understands the true purpose and nature of Bitcoin will disagree with the details in your points/solutions. And after re-arranging the points, they seem to point to certain agenda...
a globalist "One World fiat Currency" agenda, which is not what Bitcoin was intended to be. But once you base the list on the Bitcoin ideals/principles (like decentralization, transparency, censorship resistant, immutablity, etc) the agenda falls apart and the list becomes contradictory to Bitcoin ideals.
So, you can be sure that without your solutions revolving around the Bitcoin ideals/principles, there can't be any significant increase in price, as anything contrary to the ideals will make it less valuable and suppress or weaken the price like gold and fiat currencies have been. Gold and fiats should atleast serve as prove that developing Bitcoin on centralized foundation will weaken it and destroy its true purpose.

Bitcoin doesn't need the "Regulatory Clarity" and mainstream recognition or mass adoption to do well. A few thousands bitcoiners self-custodying their bitcoins and using them properly, in decentralized p2p manner is better than bitcoins owned by billions of people on centralized exchanges/platforms. Government regulators will certainly be in favour of building centralized tech to regulate the billions. These are not what Bitcoin needs, and it's not a good idea for its future price increase to be based on it.

Mass adoption and regulatory clarity are some of the main factors that are necessary to increase the price of BTC over time. When the adoption of BTC becomes widespread, more technological improvements will be made to increase the functionality to new limits. But still, I think BTC is a little behind in mass adoption. Mass adoption means globular adoption by big governments, but everyone has a different definition of mass adoption, so this was mine.

One thing that we cannot control is the global economic uncertainty, as it is driven by a lot of factors that we have no control over. Once people have more knowledge about BTC and crypto, the rate of bankruptcies will be lower than now. If you ask why The reason is that people will be hard to scam, and less scam means legit exchanges and fewer manipulations as people are smart and they will react accordingly, but still, this factor does not have that much effect on the BTC price.

PS: The main factors are scarcity and adoption.

These elements will enhance bitcoin adoption and contribute to future price increases, but how will all of this reach remote places where there is no network, no appropriate educational system, no technical advancement, and no proper awareness of bitcoin? I am also confident that they will overlook it because some of them have yet to believe in anything online due to illiteracy.

This regulatory framework will continue to be one of the main problems we will be having since governments want to control everything, including individual wealth, where bitcoin has provided us with financial freedom.

Price increase is the major factor of measuring the success of bitcoin but it is not the only benchmark. Privacy and freedom can't be measured by money and these are some benefits of using bitcoin. Mass adoption, technological advancement, conducive global economic conditions, and increased awareness of the Bitcoin ecosystem will promote the original reason for the creation of bitcoin which is decentralization. These factors will gradually increase mass adoption and price stability. Regulation and investment by big corporations might lead to an increase in the price of Bitcoin and build public confidence in the sector but it will lead to centralization.

Regulatory clarity is not enough, the question is whether it supports it or not? There are countries that have in fact drafted regulations that are impartial to the development of the bitcoin ecosystem from the start, say China. Then what happens in other countries, regulations are made greener.
As long as there is no single rule governing the worldwide bitcoin ecosystem, volatility will be inevitable.

Weak scare-tactics are weak.  You can't force people not to transact off-chain, as you'd like to, BlockchainHitler, so you come up with campfire tales in a lame attempt to spook people into submission.

It's all so pathetic.

But I love how every post someone makes about how it benefits them to use Lighting triggers you into making yet another admission that you can't cope with people having that freedom.  The more you rant, the more it highlights your insecurities and your narcissism.

Technological improvements surely play a big role in overall Cryptoverse. Also, the biggest factor is companies like Google and Apple implementing it with their softwares or applications like Google Pay or Apple Pay. That will drive the force and rush the Bitcoin price to new all time highs. Nothing else plays a major factor to that and how can we forget Bitcoin Halving? That thing is single handedly going to change the game for the upcoming years.

its not
when you withdraw from an exchange via subnetworks like LN. you DONT GET BTC. you receive 'inbound balance' of msats that are a pegged promise.. that balance is not settled/confirmed BTC on your KEY, but still locked to the channel partners UTXO and with a signed promise(which can be broke) so not yet your settled/confirmed btc on your key.
if it didnt happen on the blockchain. its not your bitcoin.. be careful and understand bitcoin more
close your LN channel and claim your BTC before someone routes the value away from you

I have some bitcoin in my trading account, I paid with it on an exchange recently using lightning network. If it was before and I want to use the trading money to pay, I will prefer to first convert to an altcoin and use it for the payment, but because lightning network was among the payment, I used it which is very cheap.

The best way is to have your bitcoin on a noncustodial wallet, which is a way to have complete control on your own coins. It is not good to save coins on exchanges. But I am just excited that there is something like the lightning network which can help to make transaction fee easy. I know that exchange bitcoin withdrawal fee is high, unlike the onchain transaction fee, but lightning network is helping.

Introduction:
The world of cryptocurrencies, particularly Bitcoin, has witnessed both meteoric rises and steep declines in its price over the years. While the value of Bitcoin can be influenced by a variety of factors, there are several effective and intelligent solutions that could contribute to a potential price increase in the future.

1. Mass Adoption and Mainstream Recognition:
One of the key drivers for Bitcoin's price surge could be widespread adoption and acceptance by both individuals and institutions. As more businesses begin to accept Bitcoin as a form of payment and more individuals integrate it into their financial portfolios, the demand for the cryptocurrency could increase significantly, positively impacting its price.

2. Regulatory Clarity:
The regulatory landscape surrounding cryptocurrencies is still evolving, which can create uncertainty and volatility in the market. A clear and well-defined regulatory framework that provides a balance between innovation and consumer protection could instill confidence among investors and lead to a more stable market environment, potentially boosting Bitcoin's value.

3. Scalability and Technological Improvements:
Scalability remains a challenge for Bitcoin in terms of processing a high volume of transactions quickly. Solutions like the Lightning Network aim to address this issue by facilitating faster and cheaper microtransactions off the main Bitcoin blockchain. Continued technological advancements that enhance scalability, security, and transaction speed could attract more users and investors, positively influencing the price.

4. Institutional Investment:
Increased participation from institutional investors, such as hedge funds and asset management firms, could have a significant impact on Bitcoin's price. Institutional adoption not only brings legitimacy to the cryptocurrency market but also injects substantial capital that could drive up prices as demand rises.

5. Global Economic Uncertainty:
Bitcoin has often been touted as a "digital gold" or a hedge against economic instability. During times of economic uncertainty or inflation, investors may turn to Bitcoin as a store of value, potentially driving up its price. Geopolitical events and macroeconomic trends could play a role in increasing Bitcoin's appeal as a safe haven asset.

6. Educational Initiatives:
Increasing awareness and understanding of Bitcoin among the general population can foster greater acceptance and demand. Educational initiatives aimed at dispelling myths, explaining the technology behind cryptocurrencies, and highlighting their potential benefits could lead to wider adoption and subsequently, a price increase.

Conclusion:
While predicting the future price of Bitcoin is inherently uncertain, there are several plausible solutions that could contribute to a potential price surge. A combination of mass adoption, regulatory clarity, technological improvements, institutional investment, global economic conditions, and educational efforts could collectively drive demand and value for Bitcoin in the years to come. As the cryptocurrency landscape continues to evolve, these factors will likely play a pivotal role in shaping Bitcoin's future price trajectory.