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Topic: What would benefit bitcoin more? - page 4. (Read 6036 times)

full member
Activity: 448
Merit: 101
October 27, 2017, 03:20:26 PM
What do you think will benefit it?
The one thing that i can think of to benefit bitcoin is to have more people invest in it. The more investors the bitcoin get the higher the currency it will obtain. In that case it will benefit a lot of bitcoin users, it’s a win win for all.
As far as I think, there is nothing more beneficial for bitcoin than more awareness about bitcoin amongst the people. More the people who will be knowing about bitcoin, more are the chances that the number of investors will be increased. It is because of the reason that for now, only 1% of the population of the entire world is having an awareness about bitcoin. So we need to let people know about bitcoin.
full member
Activity: 618
Merit: 154
October 27, 2017, 10:45:23 AM
What do you think will benefit it?

I think the acceptance of governments will be the decisive factor for the development of bitcoin. Because every time a country accepts bitcoin, the market will be expanded, and that's a good opportunity for bitcoin to grow.
Indeed government of each and every country is a representation of the public of that place so you are hundred percent right that a drastic change will be visualized if the government accept bit coin as legal crypto currency because the people of that country will feel free to invest more and more in bit coin without getting frightened or worried.
full member
Activity: 322
Merit: 100
October 26, 2017, 09:16:07 AM
I think the excess bitcoin is the price that tends to continue to rise and aggressive price correction so many opportunities that can be taken either make a sale or purchase to get as much profit as possible.
full member
Activity: 364
Merit: 130
October 26, 2017, 08:42:00 AM
Adoption of bitcoin by large or medium-sized companies can be very useful for bitcoin development. As we know that recently there is an issue circulating that Amazon has accepting bitcoin. So it is with microsoft, steam, and others. With the inclusion of the name of bitcoin on their web or application, it is already a great free advertising on the target. This will impact the user's growth of the bitcoin itself. So I think, other companies like facebook group and others, need to adopt bitcoin.
full member
Activity: 1162
Merit: 168
October 26, 2017, 08:29:44 AM
Quote
A promotion from the president

Lol.

Quote
Advertising

Bitcoin related services are promoting Bitcoin through billboards and other advertising mediums. Asking local vendors if they do accept Bitcoin or sporting Bitcoin T-Shirts is a good way to promote Bitcoin locally, beneficial.

Quote
More sites using it

If Bitcoin needs to evolve from a speculative asset to a reliable medium of exchange/currency then this is what it needs most, merchant adoption.

Quote
Worldwide school presentations

Kids in Wooranna Park Primary School in Australia are already exploring Bitcoin and Blockchain technology. Yeah, having Bitcoin/Blockchain clubs in schools/colleges will not only lead to millennials adopting Bitcoin, but some of them also coming up with their own Bitcoin related startups.

Quote
Huge giveaway

Huge giveaways isn't going to be effective. If you run a blog, not necessarily Bitcoin related, giving free satoshis to your users might get them interested about Bitcoin.

Quote
Nothing

With Japan legalising Bitcoin and a few countries looking at the possibility of regulating Bitcoin, the adoption of Bitcoin is reaching critical mass, to the point where it gets self-promoting and self-sustaining. So even if you don't do anything Bitcoin will promote itself.
There are a lot of things that can benefits bitcoin more like advertisement through all sort of media to spread knowledge about bitcoin as well as starting bitcoin degree program, and if these things are obeyed bitcoin will surely attract more no of people across globe and that will surely give profit to bitcoin as demand will increase that will give pump to price and investors will gain more.
I think only the people would benefit bitcoin. Because these are only humans that run everything and using currencies for their needs. The more sites, the governments, the companies and common people in the ordinary communities will be the main source of increasing the value and market cap of bitcoin. I think the main role in this regard is that of the multinational companies.
There are so many important factors which will play their own roles in order to benefit bitcoin more. The most important thing which can bring a very good name to bitcoin is none other than role of the government in declaring it as legal across their own countries. Secondly, starting of trade in the international market will also be very much effective in order to help bitcoin earn more good reputation.
If bitcoin will be declared as legal by all the countries or even by most of the countries, then it will no longer remain decentralized. In fact, this will add more restrictions on the investors of bitcoin as they have to pay the tax as well then.

In my opinion, the thing which can benefit bitcoin the most will be more awareness about bitcoin amongst the people. It will increase the number of investors too.
There are pros and cons of everything. I think legalization is the most important thing which can bring more good reputation to bitcoin. There are so many people who are not investing in bitcoin just because of the reason that it is not legal and they actually don’t want to take risk by investing in it. Legalization of bitcoin across the globe will definitely help bitcoin in earning a very good reputation.
full member
Activity: 868
Merit: 150
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October 26, 2017, 06:14:40 AM
What do you think will benefit it?
The one thing that i can think of to benefit bitcoin is to have more people invest in it. The more investors the bitcoin get the higher the currency it will obtain. In that case it will benefit a lot of bitcoin users, it’s a win win for all.

Yeah I would agree to this, the more it gets attention of the public the more it will be known and the more it'll be known the more the value gets increase. And also the president's promotion is a big plus for bitcoin because he's the most powerful and influential person in a country.
hero member
Activity: 2660
Merit: 651
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October 26, 2017, 05:56:30 AM
Wooing the government of every national to endorse bitcoin will benefit bitcoiner and bitcoin more because the total world population is 7.6 billion as of October 2017 and there are 11.48 million bitcoin wallets in existence in January 2017 according to Blockchain.info while, we have  3 million active cryptocurrency users across the world. If government endorse bitcoin more people will believe in bitcoin and more investor will hop in.
member
Activity: 109
Merit: 12
October 26, 2017, 02:32:45 AM
What do you think will benefit it?
The one thing that i can think of to benefit bitcoin is to have more people invest in it. The more investors the bitcoin get the higher the currency it will obtain. In that case it will benefit a lot of bitcoin users, it’s a win win for all.
full member
Activity: 207
Merit: 100
October 25, 2017, 07:21:53 PM
A promotion from presedent if presedent endorse bitcoin i think there so many people support presedent that more and more using bitcoin.
Worldwide school presentation bitcoin have to be discussed in deffent schools. But will definitely bring good and bad effect in student.
hero member
Activity: 896
Merit: 500
October 25, 2017, 06:53:05 PM
More bitcoin benefits are very profitable, the main reason I use bitcoin for hoping to get a profit, besides profit, I use bitcoin because for the transaction can be faster with a very cheap cost than banks.
hero member
Activity: 770
Merit: 500
October 25, 2017, 04:25:13 PM
More business accepting bitcoin is the answer. As more and more people start to use bitcoin so the need grows with that comes price rises. Supply and demand.
But very honestly i would like to say, that currently i do not think that enough business have adopted bitcoin. may be in some places we can expect, specially in modern countries, but i do not think that there number are much more. But in future we can expect that a time will come when bitcoin will be use as currency and then most of the businesses will accept bitcoin for payment methods.
sr. member
Activity: 504
Merit: 251
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October 25, 2017, 02:57:08 PM
More business accepting bitcoin is the answer. As more and more people start to use bitcoin so the need grows with that comes price rises. Supply and demand.
hero member
Activity: 2408
Merit: 584
October 25, 2017, 02:50:17 PM
Yes bitcoin is more beneficial to all people..reduces unemployment..give more benefits to society..most popular and valuable digital currency in the world..more and more people world wide successfully accepted bitcoin Kiss Smiley
Bitcoin really help a lot of people because of the benefits the its give to people. Bitcoin now is the hope of people experiencing financial difficulty so we can said that bitcoin is the most strongest and valuable digital currency and most people who entered here is so successfull.
Yes it is helping the bitcoin price and the value will get in the bright and secure coin, I use the bitcoin and the importance will give you the high amount of the money. It is not very much time catching and the bitcoin will give you more and more financial power. The bright future of the bitcoin is the best source of the money I use the coin and the get in the crypto world.
full member
Activity: 238
Merit: 100
October 25, 2017, 07:06:34 AM
Yes bitcoin is more beneficial to all people..reduces unemployment..give more benefits to society..most popular and valuable digital currency in the world..more and more people world wide successfully accepted bitcoin Kiss Smiley
Bitcoin really help a lot of people because of the benefits the its give to people. Bitcoin now is the hope of people experiencing financial difficulty so we can said that bitcoin is the most strongest and valuable digital currency and most people who entered here is so successfull.
member
Activity: 308
Merit: 10
October 25, 2017, 07:00:47 AM
Yes bitcoin is more beneficial to all people..reduces unemployment..give more benefits to society..most popular and valuable digital currency in the world..more and more people world wide successfully accepted bitcoin Kiss Smiley
hero member
Activity: 952
Merit: 503
October 25, 2017, 06:27:23 AM
Quote
A promotion from the president

Lol.

Quote
Advertising

Bitcoin related services are promoting Bitcoin through billboards and other advertising mediums. Asking local vendors if they do accept Bitcoin or sporting Bitcoin T-Shirts is a good way to promote Bitcoin locally, beneficial.

Quote
More sites using it

If Bitcoin needs to evolve from a speculative asset to a reliable medium of exchange/currency then this is what it needs most, merchant adoption.

Quote
Worldwide school presentations

Kids in Wooranna Park Primary School in Australia are already exploring Bitcoin and Blockchain technology. Yeah, having Bitcoin/Blockchain clubs in schools/colleges will not only lead to millennials adopting Bitcoin, but some of them also coming up with their own Bitcoin related startups.

Quote
Huge giveaway

Huge giveaways isn't going to be effective. If you run a blog, not necessarily Bitcoin related, giving free satoshis to your users might get them interested about Bitcoin.

Quote
Nothing

With Japan legalising Bitcoin and a few countries looking at the possibility of regulating Bitcoin, the adoption of Bitcoin is reaching critical mass, to the point where it gets self-promoting and self-sustaining. So even if you don't do anything Bitcoin will promote itself.
There are a lot of things that can benefits bitcoin more like advertisement through all sort of media to spread knowledge about bitcoin as well as starting bitcoin degree program, and if these things are obeyed bitcoin will surely attract more no of people across globe and that will surely give profit to bitcoin as demand will increase that will give pump to price and investors will gain more.
I think only the people would benefit bitcoin. Because these are only humans that run everything and using currencies for their needs. The more sites, the governments, the companies and common people in the ordinary communities will be the main source of increasing the value and market cap of bitcoin. I think the main role in this regard is that of the multinational companies.
There are so many important factors which will play their own roles in order to benefit bitcoin more. The most important thing which can bring a very good name to bitcoin is none other than role of the government in declaring it as legal across their own countries. Secondly, starting of trade in the international market will also be very much effective in order to help bitcoin earn more good reputation.
If bitcoin will be declared as legal by all the countries or even by most of the countries, then it will no longer remain decentralized. In fact, this will add more restrictions on the investors of bitcoin as they have to pay the tax as well then.

In my opinion, the thing which can benefit bitcoin the most will be more awareness about bitcoin amongst the people. It will increase the number of investors too.
hero member
Activity: 854
Merit: 500
October 24, 2017, 02:26:36 PM
What do you think will benefit it?

I think the acceptance of governments will be the decisive factor for the development of bitcoin. Because every time a country accepts bitcoin, the market will be expanded, and that's a good opportunity for bitcoin to grow.
newbie
Activity: 14
Merit: 0
October 24, 2017, 02:16:28 PM
off course more sites using it. The wider the variety of options to spend Bitcoin makes people want to use it more.
Since people understand that its a cheaper option, then they'll instantly switch to Bitcoin
hero member
Activity: 672
Merit: 500
October 24, 2017, 02:05:52 PM
What do you think will benefit it?
Most likely if the whole industry, or leading firms will accept and work with bitcoin, then the government will have nowhere to go, as soon as it is accepted as it is. Therefore, we may wait for it.
Yeah the government is accepting the bitcoin and they will make the price of the bitcoin higher so it is the time to buy more bitcoin and get the bitcoin as the side income if you are not having the money. I like the bitcoin and I am investing in the bitcoin forum, government will make the bitcoin the high currency if they will announce the bitcoin as the real currency in all the countries.
hero member
Activity: 910
Merit: 509
October 24, 2017, 02:07:21 AM
Quote
A promotion from the president

Lol.

Quote
Advertising

Bitcoin related services are promoting Bitcoin through billboards and other advertising mediums. Asking local vendors if they do accept Bitcoin or sporting Bitcoin T-Shirts is a good way to promote Bitcoin locally, beneficial.

Quote
More sites using it

If Bitcoin needs to evolve from a speculative asset to a reliable medium of exchange/currency then this is what it needs most, merchant adoption.

Quote
Worldwide school presentations

Kids in Wooranna Park Primary School in Australia are already exploring Bitcoin and Blockchain technology. Yeah, having Bitcoin/Blockchain clubs in schools/colleges will not only lead to millennials adopting Bitcoin, but some of them also coming up with their own Bitcoin related startups.

Quote
Huge giveaway

Huge giveaways isn't going to be effective. If you run a blog, not necessarily Bitcoin related, giving free satoshis to your users might get them interested about Bitcoin.

Quote
Nothing

With Japan legalising Bitcoin and a few countries looking at the possibility of regulating Bitcoin, the adoption of Bitcoin is reaching critical mass, to the point where it gets self-promoting and self-sustaining. So even if you don't do anything Bitcoin will promote itself.
There are a lot of things that can benefits bitcoin more like advertisement through all sort of media to spread knowledge about bitcoin as well as starting bitcoin degree program, and if these things are obeyed bitcoin will surely attract more no of people across globe and that will surely give profit to bitcoin as demand will increase that will give pump to price and investors will gain more.
I think only the people would benefit bitcoin. Because these are only humans that run everything and using currencies for their needs. The more sites, the governments, the companies and common people in the ordinary communities will be the main source of increasing the value and market cap of bitcoin. I think the main role in this regard is that of the multinational companies.
There are so many important factors which will play their own roles in order to benefit bitcoin more. The most important thing which can bring a very good name to bitcoin is none other than role of the government in declaring it as legal across their own countries. Secondly, starting of trade in the international market will also be very much effective in order to help bitcoin earn more good reputation.
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