Topic: Ideas to raise the value of BTC or LTC - page 2. (Read 8726 times)

BTC is stabilizing at the moment.

http://dwarfpool.com/xmr/calc

BitCoin is falling, so soon LTC will follow suit I believe. I've never went this long without buying LTC, it's been weeks. I put my buy order at $2

more merchants, companies, investment opportunities, and advertising thats my opinion on how to help increase the price of the crypto coins.

I think it is kind of like the economy of the US/AU dollar. The more you spend it, the higher the rates.

Prices will start going up exponentially, just as soon as merchants start holding some of the BTC that they receive, on their books.   Right now, I am assuming that most of the major retailers are immediately flipping the BTC that they are receiving right back into fiat, so that is basically the same thing as only accepting USD (in regards to the price of BTC)

The simple answer for this is Buy Bitcoin as much as you can or each of us try to spread about Bitcoin in our society who still don't know about Bitcoin and teach them about that.
Let's say Bitcoin users in the world is 20 million people , and each of them ask someone to know and use Bitcoin.
There will be 40 million people use bitcoin in this world ,price will be up and more merchants will receive Bitcoin.
Simple theory but hard to realize that.

There's literally nothing that we can do about the price beyond advertisement in an honest way... aka, not telling people this is just a money making machine. You can't expect much if you don't tell people something is going to make them money unfortunately tho... so thats that , we cant do much, unless you are rich and wanna manipulate the market in our favour.

To get the price to rise we need a demand.

Let's focus on a long-term, sustainable demand rather than speculative, get-rich-quick one.
You can create a demand by showing people the benefits of using BTC/LTC, but I'm not talking about the "ideological" aspects (decentralised, transparent, trust less etc), these may not be very appealing to the 'average Joe' who is probably happy with using fiat.

Some of the things that can attract new people, from top of my head (I'm sure there's more), are:

- Savings. If enough merchants offer discount when paying BTC, people will soon learn that they could save money simply by using bitcoin. All they need to do is buy bitcoins->pay with them->buy them back straight away. Rinse and repeat.

- Gambling. Every bitcoiner knows about 1% provably fair dice games, there are no such games for fiat afaik. I'm sure plenty of gamblers worldwide would happily switch from the fiat roulette, with house edge of 2.7% (French) and 5.26% (American). Not to mention all the off-putting KYC/AML regulations.

- Earning extra income in BTC. There's plenty of talented, tech-savvy people in 3rd world countries, or countries where (for whatever reasons) you cannot send fiat money to. Bitcoin enables such people to provide various services via internet (coding, web/graphic designing etc).


I'd love to see bitcoin TV/billboard ads, but those will be good for building brand(?) awareness, don't think they will have a noticeable, immediate effect on the price.

Instead of promoting the mere name of 'Bitcoin' and its logo, much more effective imho would be popularising and showing examples of its practical use.

Any ads will be very helpful for bitcoin.

Does that site have enought users and does it work? What if i want something for 21 euros with 20% discount, will someone fullfill it?

Gocoin supports LTC and doge.

Charlie Lee (creator of LTC) mentioned that Toshi (for Coinbase) is going to be supporting LTC soon.   He has also started hinting at the implementation of LTC into Coinbase.  This will ultimately be huge for LTC, because it is still too difficult to purchase LTC with USD.

I don't use Coinbase to hold a large percentage of BTC, I just use them to make purchases and then move the coins into my own wallet, but it would be really cool to be able to hold both BTC and LTC there...

Simplify it

eg TGBEX or CrypArt

The best "crowd" to "train" are young tech-savy people (teenagers+). They'll need ...zero training as they figure out everything, just as they did with dogecoin. We need to merge BTC with the millions of online gamers. Games where people can win BTC through their gameplay or pay with BTC for advanced game priviledges, or transact with BTC between each other for exchanging items, accounts etc. These young people also tend to have GPUs and thus can become indirect BTC miners through GPU multipools.

Employees getting paid in BTC and merchants who accept BTC restocking products by paying the suppliers in BTC would make a huge difference.

Also user friendliness so main streamers can get involved very easily.

Social media with many followers.

Maybe do some services for bitcoin or educate BTC thru facebook and youtube.. That will help for sure!

When people use bitcoin to pay for things via PP, the bitcoin will not actually go to the seller. The bitcoin will go to bitpay, who will sell it and give fiat to PP. The buyer will have the same buyer protections as if they were using fiat based PP

The way this could increase the price of bitcoin is if more people were to buy bitcoin because they now have additional places to spend it

You can sell stuff for BTC.

If BTC is not useful, I will not buy it.