Topic: Let's Control the Future Value of Bitcoin (Read 4030 times)
As the price of bitcoin is increasing now now, its a good idea to buy the bitcoins and save them for future benefits and profits. I have bought some bitcoins and they lying in my wallet now. I am saving it to see a good turn over either in the end of this year or in the beginning of next year. Lets wish to have a good increase.
We still need to introduce and advertise people to used bitcoin, more user it's mean bitcoin will become more valuable, and the user need to spend bitcoin in positive way, if they spend bitcoin for illegal things,it will makes bitcoin become weak, this is not the spending type we want
Isn't it the whole point of Bitcoin not to be controled? That also means not to manipulate with the price either. If the control would exist then the Bitcoin wouldn't differ from any other currency in the world and I don't think that the users will be happy with this, they would just abandon it.
Yes we can control bitcoin if we have money to invest. Buy lot of bitcoin and change the market of bitcoin. Then definitely bitcoin price will reach about 2 3 fold because then market would have very less bitcoin and demand will be more. If i were a billionaire then i would buy whole bitcoin and change the bitcoin world. But unfortunately I don't have that much amount. Wish I will have a billion $ in near future and then I will change the bitcoin history.
Can we control the future of bitcoin?
Already China is ruling the bitcoin world so I think we can control bitcoin. Invest invest invest huge amount and then you will have lot of bitcoin and then market price will definitely rise and then you should sell all the bitcoin. Do it's in your hands if you have money.
Already China is ruling the bitcoin world so I think we can control bitcoin. Invest invest invest huge amount and then you will have lot of bitcoin and then market price will definitely rise and then you should sell all the bitcoin. Do it's in your hands if you have money.
What OP is asking is against the first and foremost principle of bitcoin. Bitcoin is decentralized meaning no central authority like the Federal Reserve does with the dollars can do with Bitcoin.
If we start to control bitcoin just like the Federal Reserve does with the dollar then bitcoin will be abandoned by many users. I don't want anyone to tell me what to do in the bitcoin world, I know very well what to do and not do and don't need such commands even if it's for raising the value of bitcoin through controlling it.
I am sure more than 80% of the forum will agree with me, we don't need centralization (although you may disguise it as something to control the value of bitcoin).
OP is just talking about what we are already doing : spreading awareness on bitcoin system.If we start to control bitcoin just like the Federal Reserve does with the dollar then bitcoin will be abandoned by many users. I don't want anyone to tell me what to do in the bitcoin world, I know very well what to do and not do and don't need such commands even if it's for raising the value of bitcoin through controlling it.
I am sure more than 80% of the forum will agree with me, we don't need centralization (although you may disguise it as something to control the value of bitcoin).
Like one company's product, no one could control the price of bitcoin as it is highly bind with supply and demand as per the basic principles of economics. But, we have all the rights and possibilities to induce the demands by whatever tactics we are having to do the same.
I believe, OP means only this.
We can control the future value of bitcoin. Through holding
coins, continously buying bitcoin, educate other people to
enter the world of bitcoin. These things can hold the future
of bitcoin. If other users will continously holding bitcoins,
definitely we will get what we expect in.
coins, continously buying bitcoin, educate other people to
enter the world of bitcoin. These things can hold the future
of bitcoin. If other users will continously holding bitcoins,
definitely we will get what we expect in.
What OP is asking is against the first and foremost principle of bitcoin. Bitcoin is decentralized meaning no central authority like the Federal Reserve does with the dollars can do with Bitcoin.
If we start to control bitcoin just like the Federal Reserve does with the dollar then bitcoin will be abandoned by many users. I don't want anyone to tell me what to do in the bitcoin world, I know very well what to do and not do and don't need such commands even if it's for raising the value of bitcoin through controlling it.
I am sure more than 80% of the forum will agree with me, we don't need centralization (although you may disguise it as something to control the value of bitcoin).
If we start to control bitcoin just like the Federal Reserve does with the dollar then bitcoin will be abandoned by many users. I don't want anyone to tell me what to do in the bitcoin world, I know very well what to do and not do and don't need such commands even if it's for raising the value of bitcoin through controlling it.
I am sure more than 80% of the forum will agree with me, we don't need centralization (although you may disguise it as something to control the value of bitcoin).
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!
Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:
1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.
2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.
There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.
Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:
1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.
2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.
There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.
These two things are missing one most crucial step that bitcoin is lacking in right now. That is innovation,bringing new products that support or boost bitcoin. We have a real issue with copy cat of anything that potential can spin profit and we saturate the field with faucets,poker sites and whatever easy to set up but hard to establish businesses you can think of.
With out innovation bitcoin will become pigeonholed and easier to pick off with exchanges,darknet and gambling holding it up.
I agree with the second point especially, which talk about educate others about Bitcoin and spreading the word about Bitcoin. I believe this could really help not only Bitcoin but also the whole crypto currency market
Well educating people with bitcoin is the next step in conquering their mind. If we are able to tell and show them a real fact about bitcoin and how they can improve their status either financially or socially with bitcoin, maybe they will start accepting bitcoin and supporting it too. and some of these new comers will play aggressively just to influence their circle to also adopt bitcoin.
I agree with the second point especially, which talk about educate others about Bitcoin and spreading the word about Bitcoin. I believe this could really help not only Bitcoin but also the whole crypto currency market
I doubt there is a big group that is buying and holding their coins the last 750 dollars value bitcoin reached before the halving several people made 3x their investment, and bitcoin is about those small opportunities to make profit. Only the big miners and some people are able to save their coins, waiting the magic numbers of 1000 dollars again, and they are paying their cost with fiat while they accumulate more bitcoins, at 2039, 97% bitcoins will be mined, soo expect to the market start trade their coins at those year not just a portion like happens now.
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
Buying if you don't have accumulated enough is one good reason to buy, Some who holds thinks they have enough and I myself never consider them weak hands because they are ther for a long run. But I think the best option for now is to use it on profit generating venture, trade it or use it where it can generate more. Simply buying them will only limit your capacity to acquire more while using it on a profit generating venture can make you acquire more than you can imagine.
That is true. I think if you do not have bitcoin as 1% of your personal wealth, it is better to buy some.
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
As the price of bitcoin is really low now, its a good idea to buy the bitcoins and save them for future benefits and profits. I have bought some bitcoins and they lying in my wallet now. I am saving it to see a good turn over either in the end of this year or in the beginning of next year. Lets wish to have a good increase. I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
I am following this stratgy from 1year now i don't actully knows that it works or not but i have taught many users about cryptocurrencys and they are earning now which is good
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
Buying if you don't have accumulated enough is one good reason to buy, Some who holds thinks they have enough and I myself never consider them weak hands because they are ther for a long run. But I think the best option for now is to use it on profit generating venture, trade it or use it where it can generate more. Simply buying them will only limit your capacity to acquire more while using it on a profit generating venture can make you acquire more than you can imagine.
I'm doing both things, spent coins and teach others about bitcoin. But i doubt we can control price with these to things, first some big player can enter in the game and beat us all. Other reasons why this can't work is other altcoins, if this is possible everyone would rise price of his own alt.
Price is determined, and if someone keep coins while we spending and buying and spending and in one moment he get rid of his coins price will drop significantly.
Just you and me can't control value of bitcoins in the future, to many things can make us fall down.
Price is determined, and if someone keep coins while we spending and buying and spending and in one moment he get rid of his coins price will drop significantly.
Just you and me can't control value of bitcoins in the future, to many things can make us fall down.
Now why would anyone want the price of bitcoin to go down? Even bitcoin holders will not want to dump their coins because a fall in price is not in their best interest.
Usually market manipulaters and bitcoin whales try to swing the price over small range for longer term so that they can day trade and earn decent daily profit out of it. Thats why there are some/day traders who like to make a little dump on price everyday to buy back cheap again. 
Does it work as you say? Because i don't think that anyone can control it. But thats all your opinion and i respected it, but it is true, we use bitcoin because it is a free hand and we believe no one can handle it. Also in Bitcointalk i don't think any one is with you.
Buying right now probably isn't a bad choice, however the trend isn't showing a buywall at any point right here so it might go down a bit more for a bit longer, which is definitely when buying and holding would be one of the best courses of action. I personally would more than likely wait a bit longer (and I currently am waiting) to see where the value goes, and then I might buy a considerable amount.
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