Why the economic growth of Bitcoin will show a positive impact in upcoming days

upsidedown75

legendary

Activity: 1288

Merit: 1036

Quote from: mornabo on May 01, 2019, 12:00:54 AM

It seems like that, many investors start buying because they see price movements going up. people are afraid that if they miss out
the chance, I think it has a good influence too on prices and markets, because it makes demand go up and the price also goes up

You are right to some point, but not all people that is holding Bitcoin are actually holding it because of the increase they want to see in it, they will see increase, there is no doubt about it, but some put their fiat in bitcoin for payment purpose, savings purpose and also store of value for the future they believe in.

You see mate, the type of people we really need are not people that are just coming for the crypto profit, because they will always cause price pump and dump, but we need institutions that will be using the system from the points I listed in first paragraph, and that is the only way BTC will continue to increase in price and be more stable.

ufaiz50

hero member

Activity: 1666

Merit: 502

I've read the news, considering the name of a sports professional investing in cryptocurrency (coinbase), things that are quite surprising and the impact may be some adoption and attention for those who are quite rich and know Serena William, there are also some other news that have good impact on crypto, but the news of Serena William's investment is in the spotlight. Talking about the impact, from my analysis that the negative impact is faster changing the market compared to the positive impact of the news "when China banned the exchange of crypto the impact directly made the price of crypto decrease dramatically".

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: Finestream on April 29, 2019, 01:03:35 AM

Quote from: imstillthebest on April 28, 2019, 04:27:15 AM

Quote from: Whosdaddy on April 28, 2019, 02:37:17 AM

Public figures in form of Super stars don’t need to accept Bitcoin or cryptocurrency before they adopt it,

Acceptance is the first thing that they need before adoptions happens because if a crypto is not accepted on a certain country how do you think the people can buy and sell cryptos ?

Economic growth of bitcoin on the other hand can show positive impact on the upcoming days because this attracts people to invest more . right now people sees fomo . they are eager to invest because they are afraid to miss out a bull run .

Right.More investments for bitcoin means more increase in the market price.So there should always be a promotion for cryptocurrency all over the world because i believe ignorance from the present technology is really a big block from cryptocurrency acceptance which will lead to its adoption in the future.

It seems like that, many investors start buying because they see price movements going up. people are afraid that if they miss out
the chance, I think it has a good influence too on prices and markets, because it makes demand go up and the price also goes up

Thanasis

hero member

Activity: 1820

Merit: 515

★777Coin.com★ Fun BTC Casino

Quote from: fiulpro on April 21, 2019, 06:10:40 AM

Hey
We all know how essential it is for the audience to follow the stars they love, not only that they usually have the power over a lot of population given how commercial companies die to hire them , well we have a good news * Serena Williams just revealed her list of the compani that she was investing in and one of them list was related to the cryptocurrency*

What we can infer from here is * even Superstars are actively involved in the cryptocurrencies and now they are opening up about it , this is going to influence the price positively for sure, what do you think ?

This news is not going to create biggest impact on the future of market but this shows big hands are also getting interested on crypto investments so in the next few years these numbers will increase so the demand also will get increase in a huge way.

So small scale investors can take this an positive vibe and start investing as soon as possible before it leaves from our hands.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: bitgolden on April 30, 2019, 02:23:48 PM

Quote from: Moiyah on April 29, 2019, 03:50:07 AM

I can not fully understand how these stars you called or the celebrities really affect the economic state if they'll buy cryptocurrency. The adoption for the celebrities is stepping in and that's the good start. But the impact of crypto in economic growth will not start with just some celebrities but even with the average people who are open with new kind of technologies.

The entertainment industries are what will make the major impact we need in the cryptocurrency economy and not celebrities alone, if the entertainment industries can also adopt the blockchain technology, especially that of cryptocurrency, then the whole market story will change.

Imagine an entertainment company engaging cryptocurrency service in funds collection and every sales made passes through the cryptocurrency market before it gets to the hands of the celebrities, at the point entertainment industry incomes goes through crypto market, it will create a very big spike in the market value that will attracts other investors that are interested to also invest.

This celebrities who will allowed this to happen will also adds up an impact for more people to involved with this kind of currency, if we could imagine how big is this society from the masses, they can easily hyped and bring more people to also accept this payment process, we all anticipating that in due time more adoptions will happen and it will bring sets of businesses catering the system.

We will soon the gainers of such a wonderful payment currency which can be converted to investment assets.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: wuvdoll on April 27, 2019, 04:12:43 PM

I think this new found hype will help out getting new money in too which is what we needed for so long. 24th of April became the 8th biggest transaction day in bitcoin and that is enough to show you that we are in fact in another bull hype, even if the bull doesn't come this is enough proof to say that in fact we are in a bull hype and everyone is expecting bitcoin to skyrocket soon since everything required for it is already established.

And yet Bitcoin's transactions haven't come close to reaching Ethereum's transactions - which means that the "hype" isn't benefiting bitcoin at all.

If the Lightning Network fails under strain, then it follows that the smart money will give up on bitcoin and migrate to an alt. We are really in the last chance saloon - it's now or never for bitcoin to prove it can cope with a large number of user and scale.

Palmaper

jr. member

Activity: 170

Merit: 4

Quote from: fiulpro on April 21, 2019, 06:10:40 AM

Hey
We all know how essential it is for the audience to follow the stars they love, not only that they usually have the power over a lot of population given how commercial companies die to hire them , well we have a good news * Serena Williams just revealed her list of the compani that she was investing in and one of them list was related to the cryptocurrency*

What we can infer from here is * even Superstars are actively involved in the cryptocurrencies and now they are opening up about it , this is going to influence the price positively for sure, what do you think ?

Maybe we should no longer expect the crypto market to react so noticeably to this type of news, because it is undeniable that the use of bitcoin is already beginning to be seen as normal not only between the superstars of sport and entertainment, but among institutional investors, merchants and ordinary people.

And therefore, when bitcoin became a commonly used currency, more than an explosive growth I would expect and would like a more stable behavior, since the high volatility that has characterized it until now only seems to benefit the speculators.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: bitgolden on April 30, 2019, 02:23:48 PM

Imagine an entertainment company engaging cryptocurrency service in funds collection and every sales made passes through the cryptocurrency market before it gets to the hands of the celebrities, at the point entertainment industry incomes goes through crypto market, it will create a very big spike in the market value that will attracts other investors that are interested to also invest

What's in that for them?

As I got it, the entertainment biz should accept payments in crypto, sell coins on the market for dollars (or whatever), and then pay the folks in this business with fiat? Why would they want that if they can accept payments in fiat directly? I understand that you may want Bitcoin to rise in price and value (we all essentially hope for that), but if people are not going to pay with crypto (and they are not), no one will be accepting it

It is one of familiar vicious circles which the cryptoverse mostly consists of. People want businesses to start accepting cryptopayments (say, Bitcoin) so that Bitcoin's market value would rise and they reap profits from this rise, but they don't want to pay with crypto themselves as their interests are focused entirely on buying low and selling high (read, speculating). So why should businesses do something for somebody else, all of a sudden?

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: Moiyah on April 29, 2019, 03:50:07 AM

I can not fully understand how these stars you called or the celebrities really affect the economic state if they'll buy cryptocurrency. The adoption for the celebrities is stepping in and that's the good start. But the impact of crypto in economic growth will not start with just some celebrities but even with the average people who are open with new kind of technologies.

The entertainment industries are what will make the major impact we need in the cryptocurrency economy and not celebrities alone, if the entertainment industries can also adopt the blockchain technology, especially that of cryptocurrency, then the whole market story will change.

Imagine an entertainment company engaging cryptocurrency service in funds collection and every sales made passes through the cryptocurrency market before it gets to the hands of the celebrities, at the point entertainment industry incomes goes through crypto market, it will create a very big spike in the market value that will attracts other investors that are interested to also invest.

Valhalaa

copper member

Activity: 546

Merit: 1

maybe because a lot of the future events that are issuekan namely nasdaq will hold a meeting
usually this will lead to positive sentiment and in the end if this meeting goes well then the price of bitcoin will continue to rise and rise
and in the end it made the micro-macro economy have a good impact

Moiyah

member

Activity: 630

Merit: 20

I can not fully understand how these stars you called or the celebrities really affect the economic state if they'll buy cryptocurrency. The adoption for the celebrities is stepping in and that's the good start. But the impact of crypto in economic growth will not start with just some celebrities but even with the average people who are open with new kind of technologies.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: imstillthebest on April 28, 2019, 04:27:15 AM

Quote from: Whosdaddy on April 28, 2019, 02:37:17 AM

Public figures in form of Super stars don’t need to accept Bitcoin or cryptocurrency before they adopt it,

Acceptance is the first thing that they need before adoptions happens because if a crypto is not accepted on a certain country how do you think the people can buy and sell cryptos ?

Economic growth of bitcoin on the other hand can show positive impact on the upcoming days because this attracts people to invest more . right now people sees fomo . they are eager to invest because they are afraid to miss out a bull run .

Right.More investments for bitcoin means more increase in the market price.So there should always be a promotion for cryptocurrency all over the world because i believe ignorance from the present technology is really a big block from cryptocurrency acceptance which will lead to its adoption in the future.

incomefromcoins

jr. member

Activity: 336

Merit: 1

Bitcoin and other cryptocurrency are expanding very fast in all the segments like banking Medical and entertainment and software in the market which will, in turn, bring billions of dollars to the cryptocurrency industry

shinharu10282016

full member

Activity: 700

Merit: 100

Quote from: jonaire99 on April 28, 2019, 04:13:52 AM

In the future, if more well-known personalities will going to support bitcoin and other cryptocurrencies, the adoption might going to speed up because this will attract more people to use bitcoin. The mass adoption of bitcoin will finally have an impact on economy because more people ,businesses, industries, and other sectors of society are using it in their daily transactions. Bitcoin's own growth is very essential to the whole cryptocurrency market and there must be driving force to push its price up in the future.

Adoption by these people does not necessarily mean anything. The cryptocurrency projects i know will certainly not abuse these people's popularity just because someone famous is supporting it. I have to disagree that bitcoin's growth is essential to the market when other cryptocurrency offers greater features than what bitcoin does. Besides, many cryptocurrency are easier to use than bitcoin.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: wuvdoll on April 27, 2019, 04:12:43 PM

I think the clearest choice here is that believing in bitcoin price towards that inevitable all time high because there is absolutely no reason to not go there anymore. Everything is ready and this time I am sure if we go there the fall won't be as harsh, there could be some corrections but not this long and not this far down.

Bitcoin's peaks are basically people front running its potential. It's literally only a matter of time before we break the $20k mark and have it become the bottom of the next big correction.

The real growth in the price is shown based on the bottom to bottom development of Bitcoin. From $150 back in 2015 to $3100 in 2018 makes even the deepest point of the 'horror' bear market of 2015 look like a joke.

The difference is that back in 2015 many people legit believed it was over, while in the current bear market the sentiment hasn't ever been this positive. People are no longer afraid of bear markets.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: jonaire99 on April 28, 2019, 04:13:52 AM

In the future, if more well-known personalities will going to support bitcoin and other cryptocurrencies, the adoption might going to speed up because this will attract more people to use bitcoin.

This can never be a good thing. From what we have seen so far, almost every non crypto related public figure that entered this space promotes blockchain in general, and a shit ton of alts that don't add anything of value to our system. The last thing we need is more of this garbage adoption, because the more of this we have, the less relevance the decentralized nature of this space enjoys.

It's mind boggling how people can be so confident about a specific altcoin, while we know for sure that it will fail eventually. The faith that these people have in altcoins comes from these clown-ish public figures, and they are mostly heavily biased too, either because they have been paid to promote them, or they are balls deep in the coins themselves.

All I hear about nowadays is blockchain this blockchain that. It's rubbish. The blockchain is worthless if it isn't utilized to protect the network in a decentralized way.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Whosdaddy on April 28, 2019, 02:37:17 AM

Public figures in form of Super stars don’t need to accept Bitcoin or cryptocurrency before they adopt it,

Acceptance is the first thing that they need before adoptions happens because if a crypto is not accepted on a certain country how do you think the people can buy and sell cryptos ?

Economic growth of bitcoin on the other hand can show positive impact on the upcoming days because this attracts people to invest more . right now people sees fomo . they are eager to invest because they are afraid to miss out a bull run .

jonaire99

member

Activity: 588

Merit: 11

In the future, if more well-known personalities will going to support bitcoin and other cryptocurrencies, the adoption might going to speed up because this will attract more people to use bitcoin. The mass adoption of bitcoin will finally have an impact on economy because more people ,businesses, industries, and other sectors of society are using it in their daily transactions. Bitcoin's own growth is very essential to the whole cryptocurrency market and there must be driving force to push its price up in the future.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: Woolles890 on April 27, 2019, 02:55:35 AM

A public figure is not easy to accept crypto before they benefit, it requires a struggle and certainly not easy for us to attract them to be involved in crypto. We keep trying to convince them that crypto will become a very influential industry in economics and remain optimistic that time will help us to make it happen.

Public figures in form of Super stars don’t need to accept Bitcoin or cryptocurrency before they adopt it, gradually as blockchain technology keeps growing on its own, it will naturally keep attracting them as the younger generations who are into the same industry keeps coming up with things that has to do with blockchain.

The people we really even need most, are the industries and institutions, when these people come in, they don’t think of taking immediate benefit first before accepting the system, they are risk takers and they invest in the future for the benefit to come, so those are the people that will really make cryptocurrency grows to the peak and not just super starts.

wuvdoll

legendary

Activity: 1442

Merit: 1025

I think this new found hype will help out getting new money in too which is what we needed for so long. 24th of April became the 8th biggest transaction day in bitcoin and that is enough to show you that we are in fact in another bull hype, even if the bull doesn't come this is enough proof to say that in fact we are in a bull hype and everyone is expecting bitcoin to skyrocket soon since everything required for it is already established.

I think the clearest choice here is that believing in bitcoin price towards that inevitable all time high because there is absolutely no reason to not go there anymore. Everything is ready and this time I am sure if we go there the fall won't be as harsh, there could be some corrections but not this long and not this far down.

Topic: Why the economic growth of Bitcoin will show a positive impact in upcoming days (Read 631 times)