The current crypto bear could end the market. - page 3.

SirLancelot

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Quote from: arwin100 on July 10, 2022, 06:57:49 PM

For sure the data's of market crashes what makes those big company turn off accepting crypto on their payment system since maybe they consider this because they don't want to lose a lot of money once bear market season hit. Maybe if market still act like this maybe we cannot see major processors or platforms accept this.

But it is known that big companies loves to invest in cryptos most especially now that the prices are dumping. If they can do such thing then why not the other one which is by accepting crypto for payment purposes? I think there are no big differences at all but I can only see one advantage here, and that is they can increase their investment assets passively even without the need of buying it actively. This wasn't the first time the market acted like this but despite of this, there are still those companies who made cryptos as one of their payment methods.

Simply, crypto bear couldn't end the market but one thing is for sure, and that is crypto bear can end soon.

virasisog

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Quote from: sunsilk on July 11, 2022, 03:53:18 AM

Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

A common excuse as to why people Don't use BTC cryptocurrencies for their everyday purchases is Because it’s not really accepted anywhere.

That's totally an excuse and a misconception. You don't have to go that far to see people accepting bitcoin and receiving it as payment. If there's going to be crypto that a no-coiner would like to accept.

The chance that we'll hear them say bitcoin is very high. I don't understand what you're up to by making this thread and if you're into ETH, I'm also into it.

And as the title says, bearish sentiments are common in any market, don't be surprised or confused by them.

If you know the importance and real function of Bitcoin, you'll buy and invest in it though it's not yet accepted everywhere. Bitcoin isn't just a mode of payment. If you'll do more research and take a look at its history, you'll see how it developed and handled every market situation before. It has been through ups and downs but it even stood firmer. You might see the bearish season as a threat for Bitcoin but its actually an opportunity for those who want to buy and accumulate more BTC.

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A common excuse as to why people Don't use BTC cryptocurrencies for their everyday purchases is Because it’s not really accepted anywhere.

I don't really agree with this statements, btc is not widely accepted but it is accepted in many online and offline stores. Part of the reason why people don't use crypto is lack of aware and understanding, when a good number of people understands btc properly the awareness will increase and so will be acceptance.

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it’s adoption by Such small players on the world stage has done little to promote more mainstream acceptance.

El-salvador accepting btc as legal tender did more than the media would want to admit, they may be small players but they have impacted and influence other smaller countries to have softer approach towards btc and some level of acceptance. there has been a lot of progress whether the media admit it or not.

sunsilk

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Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

A common excuse as to why people Don't use BTC cryptocurrencies for their everyday purchases is Because it’s not really accepted anywhere.

That's totally an excuse and a misconception. You don't have to go that far to see people accepting bitcoin and receiving it as payment. If there's going to be crypto that a no-coiner would like to accept.

The chance that we'll hear them say bitcoin is very high. I don't understand what you're up to by making this thread and if you're into ETH, I'm also into it.

And as the title says, bearish sentiments are common in any market, don't be surprised or confused by it.

bittraffic

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I don't get what OP is trying to imply actually. Bitcoin had been declared dead countless times and bears have been exposing scams every time even the big crypto lenders are exposed. This is what bear market will do just as it did in the past but BTC and few others survives. Crypto is much needed this time around.

Mexico, Argentina and all else doesn't really need to make BTC as legal tender, they can already use BTC without having a law for it.

Darker45

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What do you particularly want to discuss? You're saying a lot of different things. The title also suggests a different idea.

Anyway, the current bear season does not and cannot end the Bitcoin market. It may end a crypto project, however. It may kill a crypto company as well. As a matter of fact, the recent mass withdrawal has actually led crypto firms toward insolvency and even bankruptcy. But Bitcoin isn't just an altcoin or a company that rides on the popularity of something else. Bitcoin's fundamentals aren't in any way affected by the market.

arwin100

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Quote from: ingiltere on July 10, 2022, 03:50:30 PM

Quote from: darkangel11 on July 10, 2022, 02:05:28 PM

The bear market could end at any moment but it could also last for another year. Nothing is set in stone here.
It's easy to turn BTC price up side down because of low market liquidity even further decreased by large outflows from exchanges. It seems that we're at record all time low of coins held on exchanges which means that if a big enough buyer shows up the price will skyrocket. Will he show up though?

I don't think nobody would buy in bulk to skyrocket the price as we are in the middle of the Summer. It's not possible to go down too much because people are greedy to buy more coins for cheap prices. The only thing needed for this bear market to end is time and we have plenty. Just wait one more year or two and everything will be alright again.

Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

A common excuse as to why people Don't use BTC cryptocurrencies for their everyday purchases is Because it’s not really accepted anywhere.

There are a few elective techniques for getting to digital currency. For instance, with stages like Debit Card and Shopify, online installment joining or direct administration with a blockchain network empowers shopping

I don't really understand why we still don't have a big company that support crypto currency payments. They could be the biggest competitor to ebay etc. if that happens. I would love to use that, it's a big need for me. As I still have to deal with crypto > bank > credit card payment and all these have stupid fees. Instead of that I should shop with one click with my coins. Hopefully soon there will be a site or shopping system that mediate this.

For sure the data's of market crashes what makes those big company turn off accepting crypto on their payment system since maybe they consider this because they don't want to lose a lot of money once bear market season hit. Maybe if market still act like this maybe we cannot see major processors or platforms accept this.

Ebede

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Cryptocurrency bear market really affect every investor and this is the opportunity investors have to buy more and gold until when will experience bullish market because according to prediction of cryptocurrency some investors who analyse when cryptocurrency will rise and then when it will fall says that starting from August and September in 2022 that's where we start experiencing the bullish market which any investor who buy and hold when cryptocurrency is a stage of 17,000 will definitely have or make again

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Quote from: ingiltere on July 10, 2022, 03:50:30 PM

I don't really understand why we still don't have a big company that support crypto currency payments. They could be the biggest competitor to ebay etc. if that happens. I would love to use that, it's a big need for me. As I still have to deal with crypto > bank > credit card payment and all these have stupid fees. Instead of that I should shop with one click with my coins. Hopefully soon there will be a site or shopping system that mediate this.

There are only a few of us who sell their cryptos whenever they need FIAT.

Try purse.io, you can buy anything from amazon at a discount with crypto.

ingiltere

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Quote from: darkangel11 on July 10, 2022, 02:05:28 PM

The bear market could end at any moment but it could also last for another year. Nothing is set in stone here.
It's easy to turn BTC price up side down because of low market liquidity even further decreased by large outflows from exchanges. It seems that we're at record all time low of coins held on exchanges which means that if a big enough buyer shows up the price will skyrocket. Will he show up though?

I don't think nobody would buy in bulk to skyrocket the price as we are in the middle of the Summer. It's not possible to go down too much because people are greedy to buy more coins for cheap prices. The only thing needed for this bear market to end is time and we have plenty. Just wait one more year or two and everything will be alright again.

Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

A common excuse as to why people Don't use BTC cryptocurrencies for their everyday purchases is Because it’s not really accepted anywhere.

There are a few elective techniques for getting to digital currency. For instance, with stages like Debit Card and Shopify, online installment joining or direct administration with a blockchain network empowers shopping

I don't really understand why we still don't have a big company that support crypto currency payments. They could be the biggest competitor to ebay etc. if that happens. I would love to use that, it's a big need for me. As I still have to deal with crypto > bank > credit card payment and all these have stupid fees. Instead of that I should shop with one click with my coins. Hopefully soon there will be a site or shopping system that mediate this.

darkangel11

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The bear market could end at any moment but it could also last for another year. Nothing is set in stone here.
It's easy to turn BTC price up side down because of low market liquidity even further decreased by large outflows from exchanges. It seems that we're at record all time low of coins held on exchanges which means that if a big enough buyer shows up the price will skyrocket. Will he show up though?

kryptqnick

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I think this is just a list of relatively good news (plus speculations on neutral things), and then the op is downplaying them. I agree that neither Bitcoin adoption by some companies nor recognition as a legal tender did not bring mass adoption of Bitcoin, so if some expected it, they were wrong. But these are still factors contributing to the growth, not decline, of Bitcoin. Just not enough growth to ensure that the bear market never comes again. It does nothing to prove that the current bear market is any different from previous ones, that it will be the end of the market or anything like that.

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Quote from: wheelz1200 on July 09, 2022, 03:20:42 PM

Elon musk used to have muscle in moving prices on small coins like doge. But the mere mention of bitcoin by him doesn't move the needle,bitxoin doesn't need elon or in fact any influencer. We are past those times, at least for bitcoin.

To be frank, I still think that Elon Musk still has the power to manipulate the crypto market including Bitcoin however it must through a significant action or notion to do so unlike before we are a mere mention from him will affect the market.
Right now, we are seeing country level changes whereas wide adoption is in near grasp. Country after country are considering bitcoin and other crypto as a legal tender and various applications and integration has already been made through business such as crypto payments. Bitcoin and other cryptos have already move far from where they are before.

mk4

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Except the fact that none of those is required for Bitcoin and this space in general to survive. This space has gone through far worse black swan events that could've killed this entire industry back then, that those you listed not going to fruition is virtually nothing.

Zlantann

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Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

A successful ethereum merge.

The bearish market is exposing the foundational problems of a lot of shitcoins. Most of them a nothing but ponzi schemes clothed with crypto names and frameworks. More shitcoin would phaseout or keep merging but Bitcoin has gone through this challenges times several times and came out stronger.

Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

Major adoption of bitcoin as ligal tender.

It is too early to rate the impact of the adoption of Bitcoin as a legal tender by El Salvador and Central African Republic. These two nations are putting efforts to put in place different mechanisms such as infrastructures and education to ensure that Bitcoin operation in these nations are effective and efficient. Just recently Nayib Bukele the President of El Salvador announced that the country is buying more Bitcoins.This little action has the tendency of building the confidence of Bitcoin holders. Be patient in few years you would see the impact.

Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

Integration as a payment option by a large company.

I cannot deny that the acceptance of Bitcoin by multi-national companies can impact positively on both the price and acceptability of Bitcoin. But any cryptocurrency that constantly depends on the hype or recommendation of these companies and owners to break new grounds would never be successful. These companies might not support them forever. The day these companies fail to accept the currency as a means of payment,there would be a grave negative consequences. The companies or owners can also be used by politicians and anti-crypto forces to undermine the progress of these currencies. Bitcoin is moving towards the path of freedom and independence from unnecessary external influence.

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Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

No doubt stirring up a lot of dismay for digital currency financial backers across the biological system. The bear market has formally set in and carried with in wrecking Price breakdown have left somewhat not many solid.

Just gonna give it to you straight, OP: whatever translation software or program you're using to lay down that sorry excuse for a pile of English language words needs to be uninstalled, pronto.

Also, I don't know about anyone else here but I'm not a big fan of Twitter and I'm not looking to be redirected to them via links here, so you might want to take a screenshot of whatever Twitter posts you think are pure gold instead of what you actually did.

And finally, how long have you been in the crypto space? How many times has bitcoin been declared dead? Lots of big exchanges have failed before, and prices have tanked at various intervals ever since 2009. Every time, people scream doomsday at the top of their lungs....and in the meantime, the smart people are buying in.

Don't be one of the screamers.

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Quote from: wheelz1200 on July 09, 2022, 03:20:42 PM

Elon musk used to have muscle in moving prices on small coins like doge. But the mere mention of bitcoin by him doesn't move the needle,bitxoin doesn't need elon or in fact any influencer. We are past those times, at least for bitcoin.

We do eventually learn up after some events in the past or the thing we had encountered which means that if Elon did make out some significant influence on some prices of alts in the past but turns out that people had realized on how manipulative it was then expect that we wont really be making ourselves to get fooled twice which we know that people do becomes smarter and smarter on where they do realize that things turns out
to be manipulative on which they are really making use of their reputation and popularity for their own sake. Fundamentals and news doesnt really give out precised or assured effect on the market but it cant really be
denied that words from known people could neither shake off or wouldnt give out any effect in overall crypto space and also bear market is normal and i dont know on why people do freak out on times like these?

Dunamisx

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Quote from: wheelz1200 on July 09, 2022, 03:20:42 PM

Elon musk used to have muscle in moving prices on small coins like doge. But the mere mention of bitcoin by him doesn't move the needle,bitxoin doesn't need elon or in fact any influencer. We are past those times, at least for bitcoin.

Bitcoin has gone far ahead to be affected by cryptocurrency influencers, it rather stand to exist on it own, Elon musk is just making his own business one side and the other side bitcoin is moving fast directly on it own lane as well, I don't count people that invest in other cryptocurrencies as real time investors because they will on one way or for the other reason find a means of investing on bitcoin as well to backup their risk taken.

wheelz1200

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Elon musk used to have muscle in moving prices on small coins like doge. But the mere mention of bitcoin by him doesn't move the needle,bitxoin doesn't need elon or in fact any influencer. We are past those times, at least for bitcoin.

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Quote from: mRTHroo on July 09, 2022, 02:47:53 AM

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A successful ethereum merge.

No doubt stirring up a lot of dismay for digital currency financial backers across the biological system. The bear market has formally set in and carried with in wrecking Price breakdown have left somewhat not many solid.

https://twitter.com/MetisDAO/status/1544773178513166337

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Approval of a spot Bitcoin ETF.

In the event that a spot ETF is supported, it will deliver the substance of the complaint long-running. Bitcoin and crypto resources in general will carry another degree of authenticity to the class. This is probably going to set off a rush of institutional reception that could end the colder time of year with the inundation of new assets into the market.

https://twitter.com/BTC_Archive/status/1544978531259662338

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Major adoption of bitcoin as ligal tender.

2021 saw EI salvador become the first country in the world to adopt bitcoin as a legal tender for use by it’s citizens. In April of 2022, (CAR) become the second Country to do so, pointing to a growing trend.
While the use of BTC as a legal form tender has been a long-running goal of crypto proponents and the decisions by EI salvador and CAR are worth celebrating, it’s adoption by Such small players on the world stage has done little to promote more mainstream acceptance.

https://twitter.com/Bitcoin_Xoe/status/1543567732725018624

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Integration as a payment option by a large company.

A common excuse as to why people Don't use BTC cryptocurrencies for their everyday purchases is Because it’s not really accepted anywhere.

There are a few elective techniques for getting to digital currency. For instance, with stages like Debit Card and Shopify, online installment joining or direct administration with a blockchain network empowers shopping.

Elon Musk has shown on several occasions that the mere mention of consolidating blockchain-based payments could lead to a rally in the market for tokens in question.

https://twitter.com/WatcherGuru/status/1544728785114775552

Quoting for the images to be visible.

That's a lot to discuss so I will just pick one and that's the last part.
Merchants first. Most Bitcoin bag holders are itching to spend their Bitcoin even for just once in their life. Some may already be dead without even experiencing it.
Merchants won't risk it with a volatile currency. A problem that had been unsolved for years. But there are those who will do retail, like if there's really no option and you have only Bitcoin in your wallet then we can do it just this one time instead of the merchant buying Bitcoin the long way.

Topic: The current crypto bear could end the market. - page 3. (Read 533 times)