Bitcoin is already contained with all the features it wants and already it is more valuable coin in the crypto market. But in case of adding new features I would recommend to make it more secure so that no one can stole user’s coin and money.
Topic: What new feature could potentially make bitcoin more valuable? - page 4. (Read 701 times)
September 03, 2018, 03:54:56 PM
September 03, 2018, 03:35:11 PM
Bitcoin is a popular coin and it is also profitable. That’s why people are investing on this project. For this reason i think bitcoin doesn’t need any extra feature to become more valuable.
September 02, 2018, 01:48:02 PM
I think the present features are perfect and it doesn't need any other feature but the transaction fee must reduced and it may effect a lot.
September 02, 2018, 08:53:44 AM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
I think when it comes to the security of bitcoin. If bitcoin can make their system more secure than before im sure the price will be rising up due to the the secure of bitcoin that also increasing. what do you think can cause the price to go up?
September 02, 2018, 08:36:41 AM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
what do you think can cause the price to go up?
From my own perspective, Bitcoin needs two features to power it up adequately. These are improved scalability and integrating smart contract just like that of Ethereum blockchain. With scalability it can handle large transactions without any much clog in the network and also allows tokens to be built on it via Smart Contract.
September 02, 2018, 01:53:00 AM
I don't think Bitcoin need to add more features, Bitcoin already got a good feature and got a good fame, the only thing that need to be done to make the price go up is more investors or the adoption of big companies, if we can make more stores or people to used Bitcoin then the price could go up
September 02, 2018, 01:34:35 AM
What do you mean by feature exactly?it's already added our future and the demand is increasing every day. I must say bitcoin property are excellently updated.i think the best avenue to commit bitcoin more expensive whilst make people realise the genuine value of bitcoin.
September 01, 2018, 11:37:46 PM
It's blockchain technology as a whole. One will be, the effectiveness and efficiency it brings to transactions and costs whether business related or not. Second will be the transparency. Currently, in the business wolrd, it is a factor considered by most of the adopters and investors. Lack of transaparency can ruin the whole thing. And as we all know, blockchain technology can bring you a lot more different and whole new level of transparency. This means, increased in auditability and trails, increased in transaparency leading to increased trust from the public. More adoption, increase in price due to higher demand.
September 01, 2018, 11:23:22 PM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
I think Blockchain has made Bitcoin famous. That is the only thing that makes technology investors happy and want to spend their lives for Cryptocurrency and learn about this new Blockchain technology.what do you think can cause the price to go up?
So I believe Crypto has a great future and Blockchain will always improve. That would make the price of Bitcoin higher.
September 01, 2018, 11:11:30 PM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
what do you think can cause the price to go up?
This is an important question and only well knowledged members who have been trading in cryptocurrencies can answer it precisely.
Besides the anonymity and fastest network confirmation, bitcoin should be accepted globally including minor business owner, this is only possible if governments will allow bitcoin as a legal coin
September 01, 2018, 10:52:32 PM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
what do you think can cause the price to go up?
There are different ways how new feature can affect Bitcoin's price. First, there is a speculative effect - when developers announce that they plan to implement a new feature and later report progress on it, the market may consider it bullish news. I believe that the development of Lightning Network is one of the reasons why we had such a big rally in the last year. The second part is when the demand increase after the feature has been released as a direct result of that feature. For example, if Bitcoin will get better privacy, it might get more new users and the price will go up.
The problem with speculative increase is that can be only temporary and the actual usability of a new feature will determine how big the price effect will be.
September 01, 2018, 08:19:40 PM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
We need the lightning network, bitcoin is a currency and the lightning network will make bitcoin overcome its biggest problem which is the scaling problem, once that is taken care of it could be a good idea to have some optional characteristic that made bitcoin truly anonymous for the users that want or need that, and finally smart contracts are a good idea as well. what do you think can cause the price to go up?
September 01, 2018, 06:20:20 PM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
what do you think can cause the price to go up?
Even though bitcoin is very well equipped, I think about one feature that will make bitcoin more valuable and more useful, and that is the "smart contract" feature similar to ETH. Today ETH is used widely just because of this feature. A lot of start up companies use ETH to make their own tokens based on that smart contract algorithm which makes ETH is one of the most used and appreciated cryptos of all time, second to bitcoin.
I think, if smart contract can be made available for bitcoin, it will not only increase the utility of bitcoin, but at the same time, make it more useful for the companies around the world who wants to make their own crypto footprint. More utility means more demand and for the same reason, the price can take few more steps towards moon. Just my 2 satoshis!
I like the point. I think that there is still a long way for mass adoption. The first step will be to improve the UX.
September 01, 2018, 03:40:25 PM
Does Bitcoin have the ability to cancel a transaction??? Has anyone come across this? Today I experimented with ETH! The transaction which was pending I cancelled it, only paid turns out for gas! I do not know , it would be technically convenient for bitcoin and the system to implement such a function.
No, when a Bitcoin transaction is unconfirmed for a very long time there's a possibility that it gets rejected and the spent Bitcoins will be sent back to the address. Nice suggestion however you didn't fully answer the question of OP.what do you think can cause the price to go up?
I can't imagine any new feature that could make Bitcoin more valuable because every feature has pros and cons. Smart contracts would be cool to see but I doubt that it could boost the price of Bitcoin and it's not new if you're familiar with ETH. September 01, 2018, 02:42:22 PM
Does Bitcoin have the ability to cancel a transaction??? Has anyone come across this? Today I experimented with ETH! The transaction which was pending I cancelled it, only paid turns out for gas! I do not know , it would be technically convenient for bitcoin and the system to implement such a function.
September 01, 2018, 02:40:14 PM
I know that it's kinda 'big' question but it will be great to see what the community think about that.
what do you think can cause the price to go up?
what do you think can cause the price to go up?
the price will go up when it's good and ready. patience is a virtue.
non-linear scaling mechanisms like the lightning network (once user-friendly) could make BTC more usable and therefore could encourage increased network growth.
but ultimately, there is no "feature" that is going to change things drastically. bitcoin's primary use case is money. it has a limited supply, so as the network grows, price should rise. enjoy the ride!
September 01, 2018, 02:20:36 PM
How about adoption/usage of existing feature such as SegWit which have lower transaction fees and thus user spend less on fees? Besides most fancy features such as Smart Contract and Private Transaction have it's own trade-off/scalability problem such as more potential security hole, bigger data size and longer verification time.
But IMO, Bitcoin acceptance as currency or payment method followed with mass adoption are the best way to make Bitcoin more valuable while make people realize the actual value/usage of Bitcoin.
But IMO, Bitcoin acceptance as currency or payment method followed with mass adoption are the best way to make Bitcoin more valuable while make people realize the actual value/usage of Bitcoin.
September 01, 2018, 02:17:50 PM
What do we also think about the scalability of bitcoin. I think this is the additional thing that will be added to bitcoin that will get it to run on bullish without any further delays.
September 01, 2018, 02:04:28 PM
No new features need to be added bitcoi is already a popular currency and the demand is increasing day by day, so nothing else to do.
September 01, 2018, 01:45:13 PM
I don’t think we need some major changes. It’s the acceptance what we need. Onde people recognise all the benefits and start using it more, the value will follow.
Yes, I think like that too. I think Bitcoin has brought many features here, maybe there are some improvements to be more popular and more mainstream. If the confirmation time is faster than the current and lower costs will make Bitcoin more popular and many even merchant will receive and use bitcoin.
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