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Topic: What to do to prevent bitcoin from crashing? (Read 1770 times)

sr. member
Activity: 560
Merit: 286
September 04, 2017, 11:44:29 AM
#71
Bitcoin can die but we can save it, bitcoin can save only if we, we the person do not agree and fight for bitcoin, for our bitcoin.
There is nothing much you have to do,  Just create a website where people can get amazon Gift Card with bitcoin, or buy some products too. Another thing is that everyone should keep on investing into bitcoin. Nothing else to say, I believe these two things are enough.
legendary
Activity: 1092
Merit: 1000
September 03, 2017, 10:18:57 AM
#70
The price of bitcoin depends on supply and demand and if it is crashing it means that people are either shifting towards other crypto or the supply is more than demand. To prevent it from crashing we should focus towards mass adaption through which there would not be market manipulation from some whales and bitcoin price will become stable.
member
Activity: 94
Merit: 10
September 02, 2017, 10:29:31 AM
#69
Buy a lot of Bitcoin and use it to buy things. Those two are enough. If you want to take an extra step, do work for Bitcoins, build services around it and teach others on how to use it.
I think that spreading the word about it is even more important. The more the merrier ;-)
legendary
Activity: 2828
Merit: 6108
Blackjack.fun
September 02, 2017, 10:23:36 AM
#68
If bitcoin is crashing it means people are selling because they think the price if going to be lower.
Translated in people losing confidence.

Devising methods to keep this from happening means transforming bitcoin in fiat with fixed value.
Also it means we have f word the greatest thing about BTC.
Is this really up to debate?
How do we fix prices?

hero member
Activity: 1190
Merit: 534
September 02, 2017, 10:14:14 AM
#67
Theoretically, you can buy a huge number of Bitcoins and regulate market supply to prevent Bitcoin price crash. However, that will not work all the time.

So now coming to a more practical solution, I think we as a community can build awareness about Bitcoin. We have seen a crash in the pre-fork period which was the worst example of panic selling. I won't criticize those who cashed out during that period but most of them were victims of panic selling wave and were selling their holdings just because the next guy is selling it. The improved average maturity of the users would definitely help Bitcoin to be less volatile.
full member
Activity: 257
Merit: 102
September 02, 2017, 10:05:08 AM
#66
i think bitcoin will not crash because bitcoin is continuously spreading and it is being popular. Bitcoin is being use to pay on any establishment in other country so that as long as people embracing bitcoin it will not crash. And also bitcoin exists because the people support it and maybe someday it will be used as normal currency just like fiat today.
legendary
Activity: 2870
Merit: 1068
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September 02, 2017, 06:11:03 AM
#65
Bitcoins depend on the market, demand and supply ratio but probably with some speculations some big players and whales could influence the price. But there are no methods for ordinary users to prevent crash if the market causes it. You just can watch for the tendencies and then react on time to prevent losing money.
member
Activity: 174
Merit: 11
September 02, 2017, 06:06:18 AM
#64
Bitcoin is PURELY based on demand and offer, the reason the price is rising and not crashing in the same time that people believe in it's value and buy it and the buyer/seller balance is in favor of buying.
Stocks are priced in exactly the same way, althogh the amount of yearly profit impact the price movement, but the stock market is still purely depend on offer and demand, so it's isn't special for bitcoin, but for freely priced items for sale in general.
hero member
Activity: 784
Merit: 500
September 02, 2017, 05:39:34 AM
#63
Hi! I know this might sound obvious to anyone but I really want to know in what way we can do our share to bitcoin to prevent it from crashing. I am still a Jr. Member and I still don't know everything about bitcoin that's why I am asking some help.
 Almost all of us have high hopes that someday we will rejoice with bitcoin so altogether we must do our fair share in order bitcoin to survive.

I think people should hold the bitcoins for longer time instead of booking short term profit. People should not panic in case of negative news regarding cryptos; they should trust the bitcoins. Then there will be less correction and the price will be more stable.
full member
Activity: 406
Merit: 102
September 02, 2017, 05:10:38 AM
#62
Hi! I know this might sound obvious to anyone but I really want to know in what way we can do our share to bitcoin to prevent it from crashing. I am still a Jr. Member and I still don't know everything about bitcoin that's why I am asking some help.
 Almost all of us have high hopes that someday we will rejoice with bitcoin so altogether we must do our fair share in order bitcoin to survive.

In my opinion, it's the exchanges that keeps bitcoin price soar. So if we continue to Buy and use it as payment in buying things it will continue to be in demand and in limited stock that is why prices are as high as ever. More and more people are adopting it.
hero member
Activity: 910
Merit: 501
September 02, 2017, 04:27:14 AM
#61
Actually I think the best way to keep bitcoin increasing is not to sell the coins you already have.
Shorten the supply for the other people and you will have your coins grow in price.
Of cours, the other people should think the same way.
To me, I am only giving away coins if I really have to.
sr. member
Activity: 406
Merit: 250
September 02, 2017, 03:47:55 AM
#60
Bitcoin can die but we can save it, bitcoin can save only if we, we the person do not agree and fight for bitcoin, for our bitcoin.
sr. member
Activity: 1111
Merit: 255
Bitcoins are rising due to consumer demand. If it is reduced or no buyer will be able to stabilize its price and slowly decrease. But since it flactuating it may fall or rise for just a few hours. To prevent the bitcoins crashes is to  only buy them.
hero member
Activity: 1218
Merit: 683
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Hi! I know this might sound obvious to anyone but I really want to know in what way we can do our share to bitcoin to prevent it from crashing. I am still a Jr. Member and I still don't know everything about bitcoin that's why I am asking some help.
 Almost all of us have high hopes that someday we will rejoice with bitcoin so altogether we must do our fair share in order bitcoin to survive.

Well the only way to make sure Bitcoin doesn't crash anytime soon is to support it. Support bitcoin through using it for everyday things, such has buying stuff online and using Bitcoin for whatever in real life purchases you can make using Bitcoin.

I don't think Bitcoin will crash soon though, support for it has been growing ever since the huge pump to 4k and it looks like support will continue to grow.
member
Activity: 97
Merit: 11
I really dont think that bitcoin will crash. But since youre asking a prevention, why dont us, bitcoin users advertise it more to those who are non-users. In that case, they'll be more encourage to become bitcoin users too. That will prevent bitcoin from crashing I think.
sr. member
Activity: 385
Merit: 266
First of all, Bitcoin is not going to crash. Well, at least I don’t see it crashing in the near future. Do you know what the purpose of a deflationary currency is? Do you even know that Bitcoin is a deflationary currency? Well even if you do I’ll just summarise the basic concept behind a deflationary currency. Google define deflation as: “When the overall price level decreases so that inflation rate becomes negative, it is called deflation.” Basically negative inflation. In other words, the actual value of any currency increases. This happens when the actual supply of the currency (the coins in the case of Bitcoin) decreases. Thus supply is decreased and price increases. So Bitcoin price will almost definitely continue to rise in price even if the demand for Bitcoin remains the same. So in order for Bitcoin to crash, there needs to be a massive reduction in price. But to help Bitcoin spread and prosper, all that we need to do is spread word about it. Tell it to a friend or family. Get more people to use it. Bitcoin will prosper by itself if it has such support from this community.
legendary
Activity: 3136
Merit: 1233
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You cannot do anything as bitcoin is decentralized which means it has no central authority to dictate to it what to do. I know that there are the whales in trading that usually manipulate the price but lately they have been quiet and have not done a lot to make the price of bitcoin crash. Bitcoin has been stable in the upper level of the prices and I don't think it will go down for the short term, for the longer term we don't know how it will go but I hope on the upper side.
full member
Activity: 223
Merit: 250
I'm scared about the idea that Bitmain is holding a huge amount of BTC which they mined in the early years of ASIC mining equipment and that they will sell all their BTC at once, causing the most fatal crash in the complete history of BTC.

imho if they decide to sell, they won't sell it all at once. They would sell it few at a time over six months period. I'm not saying that' exactly how they would do it but that would be the smart way to do it unless they wanna lose money.
Whales are trader never sell all their Bitcoin in once, they are understand the benefit from hold Bitcoin in long term and with the momentum growth in this year, why they need decide sell all it? So, they will sell their Bitcoin with small amount enough for their needs and take profit all before breakdown buuble Bitcoin. Grin
full member
Activity: 170
Merit: 100
Hi! I know this might sound obvious to anyone but I really want to know in what way we can do our share to bitcoin to prevent it from crashing. I am still a Jr. Member and I still don't know everything about bitcoin that's why I am asking some help.
 Almost all of us have high hopes that someday we will rejoice with bitcoin so altogether we must do our fair share in order bitcoin to survive.

It's not up to us or poor people like us. It's completely up to the whales carrying tons of bitcoins in their wallets. If they deserve a market crash, it happens in a blink of an eye. We're able to prevent bitcoin from getting damaged by a market crash.
hero member
Activity: 1540
Merit: 500
I'm scared about the idea that Bitmain is holding a huge amount of BTC which they mined in the early years of ASIC mining equipment and that they will sell all their BTC at once, causing the most fatal crash in the complete history of BTC.

imho if they decide to sell, they won't sell it all at once. They would sell it few at a time over six months period. I'm not saying that' exactly how they would do it but that would be the smart way to do it unless they wanna lose money.
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