Author

Topic: What will it take to increase Bitcoin buying demand? -- Poll (Read 2534 times)

hero member
Activity: 924
Merit: 1001
all bitcoin having been mined and then it will soar

See you in 140 years then.

-B-
legendary
Activity: 1022
Merit: 1000
Neutral.

I am worried about the possibility of corruption by the Chinese (and even other) exchanges.  If they can just add coins to their trading accounts I don't see how bitcoin can go up in value much.  I guess, maybe they add RMB to their accounts to buy?

Having to admit to the possibility of a fair amount of corruption has really sapped my excitement for bitcoin.  I'm not too optimistic until either the exchanges are audited, exposed as frauds, China "bans" bitcoin yet again, or the exchanges start to charge a small fee to cover their costs - I don't see how bitcoin rallies much.

Hopefully, I'm wrong, I have a crappy record, I thought it would do really well after the US Marshall's sale. Grin

Good Luck!
sr. member
Activity: 378
Merit: 250
We have to wait only the opening of the bitcoin etf of winklevoss (if I'm not wrong, ETF will be called Winklevoss Trust). Then, after that event, volume will increase so much.
legendary
Activity: 2212
Merit: 1008
less ppl shortselling and more ppl selling goods or services. unfortunately the latter people are scared of btc since its so volitile.  they will simply use a cryto that keeps its value such as nubits
legendary
Activity: 4760
Merit: 1283
full member
Activity: 180
Merit: 117
Right now, we need serious media hype.
legendary
Activity: 1008
Merit: 1000
It just needs time...but other things will help, too.

+1

Every day that Bitcoin continues operating is another nail in the coffin of the "it will never work" or "it's just a fad" arguments.
sr. member
Activity: 420
Merit: 250
A new approach to the situation. Right now it's too myopic - new things are coming.
hero member
Activity: 672
Merit: 500
I voted for the ETF. I think were all buying when prices hit ATLs, but we are not buying enough. We need huge injection from Wall St investors. The ETF might do just that. I was hoping for a overwhelming demand for the ETF that issuer has to buy more from the exchanges to issue more shares.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
What will it take to increase the buying demand on bitcoin again?

Time.  A lot of really smart people are building a lot of really cool infrastructure for Bitcoin.
legendary
Activity: 1442
Merit: 1186
Clarity on regulation from US gov't.
Resolution on the bitlicense will be a good start.
hero member
Activity: 614
Merit: 500
What's a "long bear"?  Cheesy
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
I'm not sure cheaper bitcoins would bring more of the general population into bitcoin. Usually the masses gain interest when price is going up, and spread FUD (and stay away) when prices are going down.

hero member
Activity: 703
Merit: 502
Long term Bull - Why is cheaper coins not an option on the poll?
full member
Activity: 126
Merit: 100
It just needs time...but other things will help, too.

Time alone does not let new money flow into the system. We need people to actually get off their ass and use/promote bitcoin the way it's suppose to be used! Not by buying a couple thousand dollars worth and throwing it on a paper wallet like a lotto ticket so hopefully you get rich quick... That's what kills btc  Embarrassed
legendary
Activity: 1036
Merit: 1000
It just needs time...but other things will help, too.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
What will it take to increase the buying demand on bitcoin again?


1. Winklevoss ETF?
2. Remittances?
3. Complete Failure of the USD?
4. Russia Regulation Change?
5. China Regulation Change?
6. Inflation within the USD or Yuan?
7. It just needs time...
8. Secondary platforms such as counterparty
9 Bitcoin is Doom!
10. Etc


I'd like to hear people's opinions in a way that I can organize it.


Step 1: List where you are on the spectrum   Permabear-> Long Bear -> Short Bear -> Neutral -> Short Bull -> Long Bull ->Permabull

Step 2: Then list what change you think is needed to increase buying.


Or just answer the poll.
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