Topic: Idea: How to increase bitcoin demand (Read 3199 times)
I think that they will not listen to the proposal of twenty people to accept bitcoin for payment. If they needed it, they would start accepting bitcoin on their own.
That's an awesome suggestion. Many forget that BTC doesn't have a developer yet it is the one that determines the market value of all altcoin, it is better to help with the adoption campaign so that the price can appreciate further. Good one at the OP once again!!!.
Have asked several time 'why it must be bitcoin ?' there are stable coin that can help with this trade, they are already being use for fiat exchange. Bitcoin for now had gone beyond such exchanges to asset, the volatility doesnt look to change and no seller can be confident especially when the price is going down.
bitcoin is already has more demand in market compared to other coins, i think there is no need of increase demand. if you want then do those available in online shoping 
Demands are in the market and community now.
But if we need more power to pursue the demand there will be nothing to do anymore.
lets wait for the governemnt to accept and have the ETF.
well as for us all we must have int he merchants.
yes, local merchants nationwide and worlldwide.
But if we need more power to pursue the demand there will be nothing to do anymore.
lets wait for the governemnt to accept and have the ETF.
well as for us all we must have int he merchants.
yes, local merchants nationwide and worlldwide.
Yes, I think what you say is a good idea. the more people who want to do transactions with bitcoin, I think it will affect the number of requests, and when demand gets bigger, I think it will affect the increase in the price of bitcoin. I also have ideas, hopefully also included in the criteria for a good idea. my idea is to introduce bitcoin to friends or relatives. with the increasing number of people who know about bitcoin, in my opinion it will greatly affect the conditions of market demand. and of course will make market prices go up.
If many people are buying it and use it for something that accepts bitcoin as payment. If more and more stores will accept bitcoin as payment maybe many users will just use bitcoin instead of fiat on paying especially on overseas. Also it has no tax when using bitcoin as payment which is good.
bitcoin is already has more demand in market compared to other coins, i think there is no need of increase demand. if you want then do those available in online shoping
Not really, what do you mean. This sharp downfall of Bitcoin doesn't make it that it is more demanding. It could be in demand soon, but that is just a merely a speculation. And what do you mean by, no need for increase of demand? Are you implying for it to be stable between x'k to y'k per USD? yes good, i agree and support very much when bitcoin is made an object for all transactions in the world. because so far the role of bitcoin in the world community is very positive. the majority of the wheels of their economy are supported by the role of bitcoin and the poverty rate from day to day is diminishing, all of that cannot be separated from the good role of bitcoin. so we must support together for the prosperity and progress of the world community.
Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.
It can be done by using site's feedback or contact us forms.
This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.
To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).
The more people do this the more demand for Bitcoin there will be.
Thanks to those who do that.
Unfortunately, this method wouldn't last for long since bitcoin always lost its demand. It is a cycle of fluctuations that no one can accurately predict. That's why e commerce sites couldn't do this because it is too risky for their side and the transaction fees would be high simce there would be need of third parties for it. But there are other ways to help this industry increase its demand.
To make Bitcoin more user-friendly, Bitcoin has to be bought by many and its value must be high. It is the psychology of many people that they are interested in Bitcoin and the need to store and use Bitcoin higher.
That's right, if many people are interested in bitcoin and buy it the price will slowly rise. However, with the many negative issues that hit bitcoin still affecting the bitcoin trade, demand has not increased sharply. Bitcoin prices cannot be manipulated because they are created on the basis of supply and demand. During the trust of the owners of bitcoin prices will increase again, the bitcoin market remains passionate. I believe much more marketing campaign, much more bulk ownership, as well as bodily method of all of them requesting when they take bitcoin or even any kind of crypto foreign currency can help.
I have read today somewhere on those forum that till now only seven million bitcoin are deployed in market and only this short number is being used throughout the world. We all know total of twenty one or two million bitcoin we have so if you are focused to increase demand, make sure more people get to know about it. More it be promoted, more you would increase the demand.
I think the best way is start bounty to collect sellers accepting bitcoin payment.
Increasing demand pass through Coin use.
Increasing demand pass through Coin use.
Contact e-commerce websites like Amazon, and request that you want to pay with Bitcoin, Ether or any other coin you like.
It can be done by using site's feedback or contact us forms.
This way we can create demand because good e-commerce sites care about their users. And they know that the more payment methods you have the higher the conversion rate (the % of people who buy something) because some users can use only 1 method of payment. For example, some americans can only pay with Paypal while some venezuelans can only pay with Bitcoin, etc. So, if the site supports more payment methods it will convert more orders on average.
To increase the demand for implementing cryptocurrency payments in e-commerce sites we just have to request that using the contact us or feedback forms. The more people give feedback to their favorite online retailers the more people will start using bitcoin as payment method (now that we have segwit).
The more people do this the more demand for Bitcoin there will be.
Thanks to those who do that.
I do that with almost every online shop when you purchase goods or even just in search of something. As a rule, managers meet halfway or say that they will give information and request to the management and make some decision. There are no concrete results yet, but we hope for the best.
Three reasons Amazon won't use bitcoin....
1. Volatility-a price change of the %, and speeds that it happens are the biggest issue.
2. Fees-fees are expensive compared to fiat transactions.
3. Time-transaction times need to be in seconds not hours.
Apart from that I see no reason not to use it in any business-I was perfectly happy to take bitcoin etc in payment in my business, in fact my company website had the bitcoin, Ethereum, Litecoin logos on it and I would have happily taken payment, however in almost 2 years they were on the site i didn't get a single request to pay with crypto,
1. Volatility-a price change of the %, and speeds that it happens are the biggest issue.
2. Fees-fees are expensive compared to fiat transactions.
3. Time-transaction times need to be in seconds not hours.
Apart from that I see no reason not to use it in any business-I was perfectly happy to take bitcoin etc in payment in my business, in fact my company website had the bitcoin, Ethereum, Litecoin logos on it and I would have happily taken payment, however in almost 2 years they were on the site i didn't get a single request to pay with crypto,
I am happy with this good news if Bitcoin can become famous everywhere and will be used everywhere for better e-commerce development. and I am driven to make money in this digital world where I make a lot of time in a fun and exciting digital world and hopefully it is better known and more.
Many people holding it seem to be in the hopes that more people buy into it and in turn increase its valuation and don't really seem to care to use it as currency anyway. Just how it is at the moment.
The fees as mentioned are definitely a huge hurdle for its adoption as currency.
I agree. For now, it is more an investment than a currency. To increase the demand, there should be good news that will trigger individual to buy more bitcoin and no more negative news that make to get panic those who cannot handle that strong. They have to believe on the potential of the coin and study how beneficial it is to have it. The fees as mentioned are definitely a huge hurdle for its adoption as currency.
The demand for bitcoin was increased much in 2017 but unfortunately due to the banning of bitcoin and ICOs in different countries resulted in the decrement of bitcoin's demand. The only way to increase bitcoin's demand again is by legalizing it in the world and give easy access to people to buy and sell bitcoin by opening bitcoin banks.
We, Bitcoiners can be the voice and media to help promote and support Bitcoin. It may sound new or strange for some but showing Bitcoin achievements can attract the interests and willingness from the public. Spreading good and positive news about this technology is a good stepping-stone to increase its demand. 
The demand for bitcoin was increased much in 2017 but unfortunately due to the banning of bitcoin and ICOs in different countries resulted in the decrement of bitcoin's demand. The only way to increase bitcoin's demand again is by legalizing it in the world and give easy access to people to buy and sell bitcoin by opening bitcoin banks.
The demand for Bitcoin is also determined by the increasingly complex crypto ecosystem. if this year there is still no adjustment due to too many altcoins and new exchanges, then in the next few years there will be more things that become popular, the impact of this popularity will increase the demand for bitcoin from all directions and especially from various exchanges.
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