Topic: How to grow bitcoin price to $176,190.48? - page 3. (Read 563 times)

I agree with you, infrastructure need to be improved(it is work for development team), but we are a community and can run different parallel tasks in order to improve bitcoin in a whole.
My proposal is long term vision and need hard work together.

Don't you think the current bitcoin network condition isn't possible to do that? What about maximum TPS? What about miner fees? Before bitcoin could achieve that market cap, it needs major improvement. In other words, bitcoin need organic (continuous) growth so it could evolve as the market grows.

You're forgeting one important, maybe the most important, part of the equasion.

People. People f*ck up even the most utopian ideas ever, no matter how perfect you make it.
Again, greeed. Repeat after me: Greeeeeeeeeeeeeeed.

It has moved almost every single bad move in the history of mankind and it will be the doom of us, in one shape or another.

You are thinking in bitcoin like an asset, but If you analyze it like a currency all scenarios are likely. All them are statics and math based.

All of these scenarios are completely unrealistic. It would be better to use gold for comparison or even silver and what the price would be if they were swapped for bitcoin as a financial reserve

Unfortunately Bitcoin always will have obstacles handled by dark and selfish interests.
The way is no easy, but it is possible.

How about this novel idea. It is actually a proven system that works!

Print up 2 billion tethers. Put tethers to work buying bitcoin non-stop. When there is less than 10% tethers remaining in the purse then start selling the BTC off. The buying frenzy will absorb much of the BTC sales. When all of the BTC has been sold off you should be left with a price at least double the previous low.

Then repeat every 2-3 years. Happy trading.

Thanks by opinion, but I would quote a proverb "The difficult is done at once, the impossible takes a little longer".
It is dream, I know but if we have a plan we can turn dreams into realities.

Please, recommend this post.

It is certainly an interesting idea that could work in any of the three even when not in a so absolute way, at least not in a very long time.

The thing is setting up processes that make sure everyone involved in supporting the process itself earns from it at different degrees depending on their contribution. Rewards must exist or few people will do it.

Any plan that involves people giving their own money away for free to other people is NOT happening.

Why did BTC get to 20k in the first place? Greed.

Human race will NEVER share like that on a large scale. NEVER.

It's a nice sentiment, but no.

I know nobody could not controller it, but my proposal is a bounty campaign across to motivation method.

When I  reefer to "rich bitcoin owners" I am referring people to have over hundreds of bitcoins, and they could spend(Invest) a few satoshis without too affected  your balance.

I think that rich bitcoin owners only have two options, spend bitcoins encouraging the market and growing bitcoin economic  or save your bitcoins eternally while the banks through scam campaigns bring the price of bitcoin to 0.


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Thank you for reading. The 3 before scenarios are statics and math based and it is long term thinking, I know nobody could not controller it, but my proposal is a bounty campaign across to motivation method in such a way when people receive some satoshis they will have to spend it (without sale it) and they can not will keep saved anymore.

Off course like @mjglqw said before, "Bitcoin is not a sort of business that a CEO or someone in authority can just decide that they would give out satoshis" but i think that rich bitcoin owners only have two options, spend bitcoins encouraging the market and growing bitcoin economic  or save your bitcoins eternally while the banks through scam campaigns bring the price of bitcoin to 0.

When I  reefer to "rich bitcoin owners" I am referring people to have over hundreds of bitcoins, and they could spend(Invest) a few satoshis without too affected  your balance.

Please, recommend this post.

Why are you expecting this thing to happen? You know the scenarios you have given are not in our control and nobody is dumb enough to push that kind of price for a volatile currency. Another reason that this would fail is a lot of people will be dumping Bitcoin any time they see that they are satisfied with the price. If a lot of people got greedy before BTC reached 20,000$ why would you think that those prices could be achievable even if they have somehow agreed with your plan.

Where would they get the satoshis from though? Bitcoin is not a sort of business that a CEO or someone in authority can just decide that they would give out satoshis to the people for them to try it out.

One of the only ways to get people to use bitcoin for day-to-day payments, if it's better(or at least if you manage to convince them) than fiat money in a lot of categories.

Thankyou for reading, I know that I am dreamer, but in order to try answer your main question, I wrot it above, We must design some motivation method in such a way when people receive some satoshis they will have to spend it (without sale it) and they can not will keep saved anymore.

It is only my humble opinion.

How's that going to help? Give out your bitcoin then what? Then the people would use the vouchers; getting people to use the vouchers wouldn't get them to use bitcoin at all. Or if you straight up give the people some bitcoin, then they could just simply sell it. If you want the masses to use bitcoin, then simply give them a reason to. Giving discounts can help, but them knowing the risks of having their bitcoin dropping in price? I don't think so.

Honestly, it was interesting to read about your theory of bitcoin growth, but I think that this is just a theory because I doubt that it is all possible in practice. Perhaps in the distant future this will happen because bitcoin, too, when it was worthless. Miracles happen.)

How to grow bitcoin price to $176,190.48?

Firts let's consider 3 different scenarios for bitcoin price.

1- Better Scenario: If we can move all the circulation money in the world into bitcoin, bitcoin price could achieve $176,190.48 per unit  of bitcoin.
All the money in the world are base in USA dollar.

Regarding Federal Reserv (M1 money in circulation) is 3.7 trillion U.S dollars and maximum amount of bitcoin issued e would be 21 million, so $3,700,000,000,000.00/ BTC21.000.000 = $176,190.48
Ref: https://www.investopedia.com/terms/m/moneysupply.asp

2- Scenario based on e-commerce sales worldwide in 2017: If every body that purchase on internet make it using bitcoin, bitcoin price could achieve $$135,333.33 per unit  of bitcoin.

In 2017, retail e-commerce sales worldwide amounted to 2840 billions U.S dollars , so $2,842,000,000,000.00/ BTC21.000.00=$135,333.33
Ref:https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/

3- Worse Scenario based only on PayPal's total payment volume last year 2018: Let's suppose that bitcoin, will be used  only by people who had been used some online payment processor, like a paypal because most people think that bitcoin "is so difficult to they use". $21,476.19 per unit of bitcoin.

In 2018 payment provider's volume amounted to 451 billion U.S dollars , so $451,000,000,000.00/ BTC21.000.00=$21,476.19
Ref:https://www.statista.com/statistics/277841/paypals-total-payment-volume/


Now, my personal opinion in order to answer the question.

Solution is simple, Putting up bitcoin as flow cash in the economic by rich bitcoin owners
I think a big drawback that stagnates the growth of bitcoin, is major amount of bitcoin are  owned by handful of a  rich person that are waiting some miracle on laws regularization; and other handful of people, are waiting for it increase in value without, them having to do anything. If we want to make grow bitcoin we need to make the economy move with bitcoin; it is only possible if rich people on bitcoin are dispose to distribute satoshis for free, across purchase vouchers for example, bonus for markets and stores that urge to customers to use bitcoin or any similar ways that allow put satoshis like a flow cash in the economic. In such a way when people receive some satoshis they will have to spend it and they can not will keep saved anymore, in this way we can revolution the economic making grow Bitcoin.
Off course, rich people will have to see it like a investment because in the future they can get back your investment across bitcoin valorization, because if bitcoin increase in use, the price increase as we well know.

I know nobody could not controller it, but my proposal is a bounty campaign across to motivation methods in such a way when people receive some satoshis they will have to spend it (without sale it) and they can not will keep saved anymore.

I think that rich bitcoin owners only have two options, spend bitcoins encouraging the market and growing bitcoin economic  or save your bitcoins eternally, while the banks and through scam campaigns bring the price of bitcoin to 0.

When I  reefer to "rich bitcoin owners" I am referring people to have over hundreds of bitcoins, and they could spend(Invest) a few satoshis without too affected  your balance.


In other words give satoshis to any body and urge them to spend it

What do you think about it?

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Thankyou by attention.
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Another references:
https://www.quora.com/Money-Supply-What-is-M0-M1-M2-and-M3?share=1