It is not currently suitable for large-scale use, so that is why the price of bitcoin has not risen.
Topic: Is the decline in the Bitcoin price OUR fault? - page 4. (Read 547 times)
But because the lightning network has not yet succeeded, bitcoin transfers have been slow.
It is not currently suitable for large-scale use, so that is why the price of bitcoin has not risen.
It is not currently suitable for large-scale use, so that is why the price of bitcoin has not risen.
I agree that we need to work harder to make bitcoin more popular, but somehow the government play important roles to be more acceptable to society, if the government banned bitcoin it can affect the investors, and with the recently exchanges being hacked, we can't avoid that the investors will become more careful to put their money, we should give more knowledge about bitcoin for all people, and encourage people to used bitcoin for good purposes
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~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses
~ Get SegWit addresses
How would this increase the price of Bitcoin?
It wouldn't really have any direct effect on the price, except it might just make Bitcoin look better because of lower fees and faster transactions.
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~ Approach local merchants to ask if they would accept Bitcoin.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.
The thing with this is that most merchants immediately exchange their BTC to fiat, which would be driving the price down, not up.
If your constantly buying stuff with your coins, you're essentially lowering its value, since you're basically selling your Bitcoins to exchanges indirectly.
Of course that it is our fault for not buying but selling and as you point out we are not spreading the word about it. The only bad thing about when prices go down is when you buy something with bitcoin some service/goods as you know prices will move up but you have to spend money now can't wait for more. Anyways when prices go down you really see how many people are in only for the money as many of them stop to excited but look at their prices all they long and blaming everything and everyone.
This is the secret to the success of this experiment. When the price goes up, more people take notice and they start buying bitcoins. When the price goes down, people think it was a bubble and they turn their back on Bitcoin. We have to prove to people that Bitcoin is here to stay and that it has a real use case.
The only way to do that is to create the use case, by increasing merchant adoption < The logic is, if they see it everywhere, then they will accept it as the norm and not just a stupid craze.> We should work very hard to increase the demand and to strengthen the reasons for them to buy it.
This is the other side nobody has thought about. We all has a role to play to make bitcoin demand soar and then there will increase in price which we are all looking for. The suggestion made here if followed will go along where to push up the bitcoin price.
Of course that it is our fault for not buying but selling and as you point out we are not spreading the word about it. The only bad thing about when prices go down is when you buy something with bitcoin some service/goods as you know prices will move up but you have to spend money now can't wait for more. Anyways when prices go down you really see how many people are in only for the money as many of them stop to excited but look at their prices all they long and blaming everything and everyone.
Those people who are holding less amount of btc is not to blame. We can put the blame on those whales trying to dump all their coins just because of FUD. There are lot of investors right now who are too emotional and doesn't understand the volatility of the crypto market. When a sudden dip is happening they tend to panic sell all their coins and this could affect the performance of the market specially if you are holding huge amount of BTC.
See, there we go again. We blame the whales.
These whales are the strong hands of this community and they know that hoarding will bring the biggest return on their investment, because they have been doing it for so long. The short term investors are the ones dumping the coins, but that is normal for any speculative commodity. We should do proper research and then destroy these FUDsters with the truth. Create counter arguments for all their FUD and take them on in public to shoot down the rubbish that they are spreading.
Those people who are holding less amount of btc is not to blame. We can put the blame on those whales trying to dump all their coins just because of FUD. There are lot of investors right now who are too emotional and doesn't understand the volatility of the crypto market. When a sudden dip is happening they tend to panic sell all their coins and this could affect the performance of the market specially if you are holding huge amount of BTC.
It is true that more than half of the forum benefits from the sector rather than the high.
The first thing, help the new ...
The first thing, help the new ...
Yes, the price increase to $19 000 was spurred on by speculative greed, but we should have grown faster to sustain that progress.
I think the decline in bitcoin price is not anybody's fault, because it is a given that anything that is purely driven by greed/speculative greed will sooner or later collapse and for bitcoin, the consequences of that greed, is the declining price we see today. I think everyone of us is to blame, because we should work harder to, :
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Help people to invest in Bitcoin.
I agree that we should work harder to do those other things that I have omitted in the quote, but it is not our responsibility to ask merchants to install a bitcoin ATM in our area because they will do that when they like whether we ask for it or not. Also, it is not our responsibility to give people to some satoshi to play with. They will use bitcoin if they like and if they don't want to use it, they will just dump that satoshi you gave or use it in gambling. ~ Ask Merchants to install a Bitcoin ATM in your area.
~ Help people to invest in Bitcoin.
We have been looking for answers on why the Bitcoin price is falling, because we want someone to blame. We have seen the price going down from $19 000+ to $6500 and everyone is looking for the big reason to explain this.
We blamed the governments for regulations and we blame BCash supporters for selling us out and we have been blaming the Mt Gox guy for dumping the coins on the exchanges, but we have not looked at ourselves.
Did we forget that the price of Bitcoin is based on Supply and Demand and that we have to work hard to grow the demand? There are constantly coins being added from the mining side, but the demand side is not keeping up. Why?
Yes, the price increase to $19 000 was spurred on by speculative greed, but we should have grown faster to sustain that progress.
I think everyone of us is to blame, because we should work harder to, :
~ Approach local merchants to ask if they would accept Bitcoin.
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses
~ Help people to invest in Bitcoin.
Let's stop blaming others and start working harder to grow the demand, then we will reap the rewards.
We blamed the governments for regulations and we blame BCash supporters for selling us out and we have been blaming the Mt Gox guy for dumping the coins on the exchanges, but we have not looked at ourselves.
Did we forget that the price of Bitcoin is based on Supply and Demand and that we have to work hard to grow the demand? There are constantly coins being added from the mining side, but the demand side is not keeping up. Why?
Yes, the price increase to $19 000 was spurred on by speculative greed, but we should have grown faster to sustain that progress.
I think everyone of us is to blame, because we should work harder to, :
~ Approach local merchants to ask if they would accept Bitcoin.
~ Ask Merchants to install a Bitcoin ATM in your area.
~ Stop hoarding all our coins and start to buy from the merchants that does accept Bitcoin.
~ Start using the Lightning Network to fast track the implementation.
~ Get SegWit addresses
~ Help people to invest in Bitcoin.
Let's stop blaming others and start working harder to grow the demand, then we will reap the rewards.
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