What Developments Can Put Bitcoin Upwards Again? - page 2.

The Sceptical Chymist

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Quote from: mk4 on September 30, 2019, 09:44:29 AM

Quote from: milewilda on September 30, 2019, 08:56:08 AM

We wont see any development further more with BTC but at least we do see that its developers does still continue to support it.

Seriously?

Lol, and that member has apparently been around here since 2015. Typical sig spammer nonsense, could be a bought account as well (though I've not investigated it).

Quote from: mk4 on September 30, 2019, 09:44:29 AM

If you think BTC is outdated, you really need to read more.

I certainly don't think bitcoin is outdated, but if I was going to use crypto to actually buy something, I'd much rather use some other coin--BCH or even something silly like doge. Lots of coins have lower network fees and faster transaction times. They just don't have the avid community that bitcoin enjoys and certainly not the value. My impression has always been that the hardcore bitcoiners tend to have blinders on when it comes to things like that.

The only thing that affects bitcoin's price is news, rumors, and overall sentiment. It isn't like a stock, where there's an underlying business that can be analyzed. There aren't a lot of moving parts; there's no dividend; there's no CEO getting fired or piss-poor Q3 earnings report. It's all supply and demand--and supply is growing at a predictable rate and is finite anyway. So there's really only demand. When investors fall in love with bitcoin, it'll go up. When they get frustrated with it, it'll go down. Not rocket science.

exstasie

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Quote from: joelsamuya on September 30, 2019, 04:17:19 AM

While people are still speculating as to the many factors that might have contributed to the continuing slide of the Bitcoin price in the marketplace, let's also focus on what are possible developments that can push Bitcoin upwards again.

Good news can't stop bear markets. Bad news can't stop bull markets either. So don't worry about the news. It won't change the direction of the market. All we can really do is wait until sellers are exhausted. It might take lower prices to do that but eventually this weekly downtrend will run its course and the ball will be back in the bulls' court.

In fact, last night's double bottom off $7,700 looks like the start of at least a relief rally.

el kaka22

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I think lightning network should be given more attention.
We are talking about a method that would make bitcoin faster than it is right now, but we are failing at segwit adoption let alone lightning network.

If we can get to that eventually that would mean people could send money to exchanges much faster for a lot cheaper and they would be able to withdraw much faster and much cheaper as well, that is why I really want lightning network to happen. If that doesn't get attention we will be left with something that takes hours to transact and cost a lot for cheaper amounts, sending 1 dollar to someone via bitcoin should still be quite easy, without that we will be just another payment option that costs a ton but with it we will be the easiest payment option out there.

milewilda

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Quote from: mk4 on September 30, 2019, 09:44:29 AM

Quote from: milewilda on September 30, 2019, 08:56:08 AM

We wont see any development further more with BTC but at least we do see that its developers does still continue to support it.

Seriously?

Quote from: milewilda on September 30, 2019, 08:56:08 AM

Take a look on how many forked coins we do had out of BTC? They are somewhat much better than into its parent coin but still
the support it do had doesnt still change which means people do recognize the origin of these coins.We cant avoid the fact that it is somewhat
outdated compared to those or even to alts but its doing pretty well after all these 10 years passed.

They are not better. The only notable BTC fork out there, is BCH. BCH is pretty much just faster because almost no one is using it, and because it's pretty much speed in exchange for a lot less decentralization and security. If you think BTC is outdated, you really need to read more.

Nah im reading up and LN just recently hit up that 10k nodes but still we are on further development.Im not a fan of BCH though no matter how fast it is.

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Quote from: joelsamuya on September 30, 2019, 04:17:19 AM

While people are still speculating as to the many factors that might have contributed to the continuing slide of the Bitcoin price in the marketplace, let's also focus on what are possible developments that can push Bitcoin upwards again. With the seemingly large void of good news, the market can be looking for anything that can be catalyst for the reversal of this ongoing downhill trend. And how can we inspire people to buy more Bitcoin to increase the demand for the coin?

Bitcoin is fine and I think there is no further development needed as of now. Let's wait for the next halving and we know people inspire on having easy profit and invest in the short term. Because they did know Bitcoin at all that it needs for long term investment. When Bitcoin will raise up there are many investors invested, but when it drops they are afraid. Bitcoin now needs massive adoption and more exposure all over the world and I think that's what we need.

However, let's hope that big whales were helping us to pump the market again not just always dumping in the market. In that case, Bitcoin will have a good dominance in the market.

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Quote from: milewilda on September 30, 2019, 08:56:08 AM

We wont see any development further more with BTC but at least we do see that its developers does still continue to support it.

Seriously?

Quote from: milewilda on September 30, 2019, 08:56:08 AM

Take a look on how many forked coins we do had out of BTC? They are somewhat much better than into its parent coin but still
the support it do had doesnt still change which means people do recognize the origin of these coins.We cant avoid the fact that it is somewhat
outdated compared to those or even to alts but its doing pretty well after all these 10 years passed.

They are not better. The only notable BTC fork out there, is BCH. BCH is pretty much just faster because almost no one is using it, and because it's pretty much speed in exchange for a lot less decentralization and security. If you think BTC is outdated, you really need to read more.

milewilda

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Quote from: Sahyadri on September 30, 2019, 08:17:07 AM

Development! I doubt anything needs to be done in terms of development.

The halving next year will definitely bring a surge in price if history repeats itself. Halving is a big event in Bitcoin's ecosystem. More natural growth and new investors can bring an organic price surge.

We wont see any development further more with BTC but at least we do see that its developers does still continue to support it.
Take a look on how many forked coins we do had out of BTC? They are somewhat much better than into its parent coin but still
the support it do had doesnt still change which means people do recognize the origin of these coins.We cant avoid the fact that it is somewhat
outdated compared to those or even to alts but its doing pretty well after all these 10 years passed.

Sahyadri

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Development! I doubt anything needs to be done in terms of development.

The halving next year will definitely bring a surge in price if history repeats itself. Halving is a big event in Bitcoin's ecosystem. More natural growth and new investors can bring an organic price surge.

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Quote from: joelsamuya on September 30, 2019, 04:17:19 AM

While people are still speculating as to the many factors that might have contributed to the continuing slide of the Bitcoin price in the marketplace, let's also focus on what are possible developments that can push Bitcoin upwards again. With the seemingly large void of good news, the market can be looking for anything that can be catalyst for the reversal of this ongoing downhill trend. And how can we inspire people to buy more Bitcoin to increase the demand for the coin?

We never inspire the peoples, because Bitcoin is always inspired in entire world. But those are holding the coin only responsible for current dump, If we sell continuously it will going to backward. Nowadays everyone expecting profit but current dump is confused in many investors so they will buy again automatically it will going to moon. I hope some Big investors is enter in the coin it will move rapidly.

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Quote from: joelsamuya on September 30, 2019, 04:17:19 AM

While people are still speculating as to the many factors that might have contributed to the continuing slide of the Bitcoin price in the marketplace, let's also focus on what are possible developments that can push Bitcoin upwards again. With the seemingly large void of good news, the market can be looking for anything that can be catalyst for the reversal of this ongoing downhill trend. And how can we inspire people to buy more Bitcoin to increase the demand for the coin?

Many people speculates that there will be a pump coming these year but I cannot see any supporting facts that can support the the claims but if you look back on year 2017 then you can see the statistics that the halving brought a huge effect on bitcoins price and the whole ecosystem so maybe on next halving we can see a strong upper trend and maybe those slowly pumps can lure people to hold back and that could help the price to go up.

mk4

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Quote from: joelsamuya on September 30, 2019, 04:17:19 AM

And how can we inspire people to buy more Bitcoin to increase the demand for the coin?

People will realize the importance of it, when they're going to need it. If you're in a country that's currently economically fine, it's very easy to ignore bitcoin. For the Venezuelans and Zimbabweans though? Chances are, you wouldn't even need to discuss the technicals of bitcoin for them to be interested in it. All they need to know that it's unconfiscatable, decentralized, easily tradable and sendable, and that it's deflationary. Those characteristics itself would be attractive enough for them to hold/earn bitcoin because the country they're in is economically broken.

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While people are still speculating as to the many factors that might have contributed to the continuing slide of the Bitcoin price in the marketplace, let's also focus on what are possible developments that can push Bitcoin upwards again. With the seemingly large void of good news, the market can be looking for anything that can be catalyst for the reversal of this ongoing downhill trend. And how can we inspire people to buy more Bitcoin to increase the demand for the coin?

Topic: What Developments Can Put Bitcoin Upwards Again? - page 2. (Read 403 times)