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Topic: What Bitcoin and other coins need is REAL demand (Read 248 times)

sr. member
Activity: 552
Merit: 250
Yes, crypto currencies need real demand, because it will help to grow up the market, and increase the crypto prices. But this demand is in fact just a result of the community's effort of advertising this crypto currencies, and spreading the right news and facts about them, so people get interested and invest in this coins. Most of people ignore crypto currencies or have negative and false news about them.
newbie
Activity: 224
Merit: 0
My Brother, keep patience. Real demand is on its way, even tho the market is a bear venture capitalists are pouring MORE money into it right now which means they believe it will go up.   
full member
Activity: 484
Merit: 100
I have been in the game for less than a year but the more I try to get information and the more I am convinced that last year huge boost in price was the result of PURE manipulations from very influent persons, and at the end of 2017 Wall Street, hedge funds took part of this too!

What Bitcoin and other coins need is REAL demand, based on real value of the coins, for using digital money as money. It's gonna take a while I think, 2017 was an anomaly.

Discuss.
This is the Crypto market, the profits you earn come from the manipulation of the financial giants. They are greedy; they will find ways to change the way investors look and turn them into FOMOer.
member
Activity: 322
Merit: 43
I agree. The market was very manipulative last year and the price got very high. I think the real price is what it is now and it's increasing but in a slow way.
It's actually decreasing but in a slow way. I have to check the price everyday due to my job, and I noticed the trend is clearly down, and has been for several weeks now.
newbie
Activity: 336
Merit: 0
I agree. The market was very manipulative last year and the price got very high. I think the real price is what it is now and it's increasing but in a slow way.
member
Activity: 322
Merit: 43
bitcoin does have real demand and the rise of it last year was not all manipulation. on the other hand the drop is mostly manipulation now. you say you have been around but it seems like you have missed all the news while you were around. the news of mass adoption in Japan and thousands of merchants that started accepting bitcoin as payment, news of BitPay (which is basically the amount of money changing hands between customers and merchants) processing over $1B annually in bitcoin! and the news of mainstream adoption of bitcoin in US and lots more.
what are these? fake news or fake demand in your mind???

as for other coins they can not have real demand until they start having real usages and not just copy pasting each other.
Please chill dude.

There was a news last year, stating that 40% of the market was owned by only 1000 people, that's what I am talking about and nothing else  Wink
newbie
Activity: 82
Merit: 0
Mr, I think this is impossible. If a person's power can operate the entire cryptocurrency market, it is very scary. If this is the case, I do not think that Bitcoin will exist for so long and it will die long ago.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Real demand can only happen if there are real world solutions to problems that only Bitcoin can solve. In my opinion, affordable global micro transactions is one of those problems. Bitcoin with the Lightning Network might just solve that problem and this will drive the market for the coins.

People want cheap and instant global transactions and Bitcoin can give that to them, when the Lightning Network is done. We are very close to mainstream adoption for the Lightning Network and a explosion in the price.  Grin
member
Activity: 350
Merit: 11
W12 – Blockchain protocol
I have been in the game for less than a year but the more I try to get information and the more I am convinced that last year huge boost in price was the result of PURE manipulations from very influent persons, and at the end of 2017 Wall Street, hedge funds took part of this too!

What Bitcoin and other coins need is REAL demand, based on real value of the coins, for using digital money as money. It's gonna take a while I think, 2017 was an anomaly.

Discuss.

But the problem is how can we make such real demand? I believed too that real demand will exist only after the price of Bitcoin will be manipulate to rise up in which the real demand will ride to the flow making the price of Bitcoin to rise up even more. Without the price up manipulation like by the big whales it is impossible to real demand to work of its own. So i think we should accept the fact that we really need the power of manipulation and be on board when it comes not by just relying to real demand because it is very difficult to make it real and ride unto it.
newbie
Activity: 56
Merit: 0
The real demand for Bitcoins and other crytocurrencies will certainly increase especially with the intended adoption of it by the Russian government for its use as an alternative mode of payment for the upcoming worldcup starting by June in Russia. I believe this will have a positive impact on the price of bitcoins and other crytocurrencies.

After the world cup the success of its use will create opportunities for other international events to adopt it as a mode of payment. I have always believed that people will always find a creative use of Bitcoin in divers forms being an internet currency.
newbie
Activity: 210
Merit: 0
Nice thinking and write up. I also think the price went so high for the abnormal demand when most of the people started to invest without any proper knowledge in crypto market. But now demand is being stable and price is moving as it should be. But I hope that price will move up by the end of this year.
legendary
Activity: 1596
Merit: 1034
Bitcoin demand by the end of 2017 is purely not the manipulation of the various parties who want to profit, the pumping that occurs when the profits are felt by all parties. In contrast to the pumping that occurred when the year 2013 actually occurred manipulation of the inflation of funds of one party. A massive correction earlier this year was the initial momentum for the upsurge of the next bitcoin and this decline became a strong foundation to gain investor confidence.
hero member
Activity: 980
Merit: 507
I have been in the game for less than a year but the more I try to get information and the more I am convinced that last year huge boost in price was the result of PURE manipulations from very influent persons, and at the end of 2017 Wall Street, hedge funds took part of this too!

What Bitcoin and other coins need is REAL demand, based on real value of the coins, for using digital money as money. It's gonna take a while I think, 2017 was an anomaly.

Discuss.
The price didn't necessarily go up just because of manipulation and pump and dumps. There were some good legitimate reasons for the price rise too. The price did affect various things like say the price of GPUs/computer hardware going up, China banning crypto as a whole, measures for regulation of crypto by various countries etc etc.
Right now there's hardly any demand for bitcoin or any other crypto if you come to see it. Legit. Only fucking stupid idiots are panic selling. But guess what? March is ending and the prices would most likely rise after April(its my own theory,hope it doesn't fail Embarrassed)
But your whole point of getting full of real demand is never ever going to happen,not even in stocks let alone crypto.
legendary
Activity: 3122
Merit: 2178
Playgram - The Telegram Casino
There is no need for some magical or killer app, all apps are just fads if there is no real purpose behind it.
What bitcoin needs is daily usage which is hard because the price is volatile because there is not enough usage Cheesy

It's the same dilemma electric cars had.
There were to few charging stations cause there were not enough cars and nobody bought because there were not enough charging stations.

The electric car dilemma is a good example for a chicken / egg style adoption problem.

Still, for better or worse, crypto can harness a power that the electric car can't -- greed.

Regardless of the price right now I'd say that 2017 was quite an advertisement for Bitcoin and crypto in general. Sure, the euphoria of the last few months has subsided but now more people than ever before know about crypto. More companies and projects than ever before are dabbling with blockchains and cryptocurrencies. Most of which will turn out to be bullshit, yes, but there might be diamonds in the rough somewhere in there. It will take a while until these projects come to fruition, but progress is being made.

Bitcoin is its own best advertisement. For both investors and entrepreneurs. The seed for the next wave has been sown.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
I cannot agree with you more on this, we need some Killer Application that would take Bitcoin to the Moon. Just look at what CryptoKitties did for Ethereum. { https://www.coindesk.com/cryptokitties-competitors-4-ethereum-games-catching/ } Where are the game developers for Bitcoin? Where are the Super Tipping service for Bitcoin? { Lightning Network is ideal for micro tipping! } Cmon guys and Gals, let's work on those Apps and Games.  Tongue

To me it seems like the kitties bounced a few times and went dead:

March for ETH/BTC:


There is no need for some magical or killer app, all apps are just fads if there is no real purpose behind it.
What bitcoin needs is daily usage which is hard because the price is volatile because there is not enough usage Cheesy

It's the same dilemma electric cars had.
There were to few charging stations cause there were not enough cars and nobody bought because there were not enough charging stations.

Indeed, there is no doubt the Wall Street and Hedge Funds manipulated the market by inflating the price of every single coin last year.
To get real demand we need real people to invest in cryptocurrency and to get that we must promote crypto in any way possible.

No doubt? Really?
Oh, so now Wall street is evil because they manipulated the price up from 1000$?
What can I say about this apart from Thank You Wall Street Bankers?



member
Activity: 168
Merit: 10
Indeed, there is no doubt the Wall Street and Hedge Funds manipulated the market by inflating the price of every single coin last year.
To get real demand we need real people to invest in cryptocurrency and to get that we must promote crypto in any way possible.
legendary
Activity: 1904
Merit: 1074
I cannot agree with you more on this, we need some Killer Application that would take Bitcoin to the Moon. Just look at what

CryptoKitties did for Ethereum. { https://www.coindesk.com/cryptokitties-competitors-4-ethereum-games-catching/ } Where

are the game developers for Bitcoin? Where are the Super Tipping service for Bitcoin? { Lightning Network is ideal for micro

tipping! } Cmon guys and Gals, let's work on those Apps and Games.  Tongue
full member
Activity: 280
Merit: 108
Real demand can grow if more stores and companies accepts Bitcoin and cryptocurrencies. We need also that Bitcoin will be more easy to cash out.
newbie
Activity: 140
Merit: 0
I think to make bitcoin as a cash of the world's future is as yet dim. the same number of scientists say another investigation from Smith and William Entrepreneurship truly say that bitcoin still can not be a future cash since he supposes More than 60% of respondents of the overview directed by expressing that over the most recent 5 years Bitcoin has not possessed the capacity to change the substance of the money of monetary and customary fiat. Business pioneers additionally communicated their supposition that Bitcoin may not be the worldwide installment techniques in the future.but I generally accept if bitcoin will be the best business open door for me.
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
bitcoin does have real demand and the rise of it last year was not all manipulation. on the other hand the drop is mostly manipulation now. you say you have been around but it seems like you have missed all the news while you were around. the news of mass adoption in Japan and thousands of merchants that started accepting bitcoin as payment, news of BitPay (which is basically the amount of money changing hands between customers and merchants) processing over $1B annually in bitcoin! and the news of mainstream adoption of bitcoin in US and lots more.
what are these? fake news or fake demand in your mind???

as for other coins they can not have real demand until they start having real usages and not just copy pasting each other.
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