Yes, using bitcoin and the other cryptocurrencies with a large scale will pump the value in the market because everyone wants to buy it.
The supply and demand law plays well here. If you want to end the bear market, you will need to spread more words about cryptocurrency.
Topic: You want the bear market to stop? Here are some things you can do :) - page 2. (Read 1062 times)
August 23, 2018, 08:48:27 PM
August 23, 2018, 02:34:34 PM
Many big company like tesla are recently agree to accept bitcoin for payment but still there are some complication to payment with BTC in local market because it's more fluctuated.
August 23, 2018, 02:25:32 PM
We do need to invest in the coins too. HOLDing them will not do and it is not enough to make the market hit the bull run again.
August 23, 2018, 02:06:36 PM
BTC will not go up if we just HODL only, we need to invest it too, treat it like a currency to make ti go up.
August 23, 2018, 01:47:53 PM
It will be a great thing if the online business owners start accepting payments in crypto currencies. This might help the market too.
August 23, 2018, 01:47:05 PM
Many people are speculating if we're already reached the bottom of the bear market.
The truth is - that's not important. If we go up now from a strong $6000 base, or if we fall down to $3000 or even lower - that's peanuts. For sustainable growth, it doesn't matter.
What's important is that Bitcoin must become stronger as an ecosystem. You're fearing speculation and manipulation? The more Bitcoin gets used, the less influence the "big whales" will have. And you, the Bitcoin user - beginner, average Joe or advanced crypto geek - can do a lot for that.
Here are some examples:
That's only a small list of some examples. Please add more in the discussion!
The more people realize that Bitcoin doesn't "grow" by magic, but by human contributions, the more stability and sustainability we'll achieve. And you don't have to be the new Satoshi to help. Just pay your pizza with BTC, for example.
I perfectly support your assertion. For bitcoin to be able to stand against manipulations and hence fear of losing investment; the best thing is to encourage maximum use and to make it a stronger ecosystem. This would make bitcoin practically impossible to be manipulated by the so called "Big whales". The truth is - that's not important. If we go up now from a strong $6000 base, or if we fall down to $3000 or even lower - that's peanuts. For sustainable growth, it doesn't matter.
What's important is that Bitcoin must become stronger as an ecosystem. You're fearing speculation and manipulation? The more Bitcoin gets used, the less influence the "big whales" will have. And you, the Bitcoin user - beginner, average Joe or advanced crypto geek - can do a lot for that.
Here are some examples:
- The most important of all: USE Bitcoin. If there are services you regularly use and there is a business offering it for Bitcoin for a reasonable price: Give it a chance! Lists/portals with some options are here, here, and here. Or directly use a decentralized marketplace like OpenBazaar.
- Are you a freelancer or own a business? Accept Bitcoin for at least some of your work. Each good or service offered for Bitcoin can be seen as a buy order. So you're adding demand for Bitcoin without having to risk money (only perhaps some work, if you're really unlucky). You could increase your revenue offering Bitcoin-only promotions/specials - then maybe you could even convince some stubborn hodlers.
- Even better: Try to offer a stable, guaranteed Bitcoin price for at least a day. That can bring even more stability into the market.
- Or accept Lightning for micropayments, at least for a limited volume per day.
- Are you employed, but your boss is open-minded and a geek? Offer him to pay a part of your salary in Bitcoin. (I would not take my whole salary, it's still too unstable, above all if you have a family.)
- Do remittances directly with Bitcoin or with Bitcoin-accepting services.
- Lightning: Help with beta-testing! Lightning is one of the most interesting technologies if we want to see mass adoption. The more users testing and finally using it, the better!
- Test and discuss alternative scaling solutions, like sidechains or similar concepts.
- Become a Bitcoin/blockchain developer. The Core client may be a bit difficult to start with, but there are a lot of services that already are waiting for someone to write and/or improve it. The more devs, the better.
- If you have an idea how to improve usability, then propose and discuss it! If you're a developer, try at least a proof of concept. Or simply implement it . Bitcoin is an open source project, so you can do literally what you want with the protocol! (Added 8-16)
That's only a small list of some examples. Please add more in the discussion!
The more people realize that Bitcoin doesn't "grow" by magic, but by human contributions, the more stability and sustainability we'll achieve. And you don't have to be the new Satoshi to help. Just pay your pizza with BTC, for example.
August 23, 2018, 01:39:55 PM
Yeah, you're right. Where is the price of Bitcoin, how much has been increased, how much has been reduced it doesn't matter but the fact that how people are accepting it and how much the acceptability has increased. In that case, Bitcoin is quite successful.
August 23, 2018, 01:34:26 PM
That's a useful post. Yes, I completely agree with you. To end this bearish market, we need to stop getting panicked and try to focus on hodling our coins. We need to use Bitcoin more and try to help it to get more exposure.
August 23, 2018, 12:55:09 PM
I think Bitcoin's success is his acceptability. Most people around the world now believe in Bitcoin that means that it is not worth the price, in faith.
August 23, 2018, 08:55:58 AM
Yes, investors expect price increases like magic in bitcoin. But it is not always possible. In many cases, Bitcoin's trust will lead you to the next profit. And now people are accepting Bitcoin all over the world.
August 23, 2018, 05:15:18 AM
I agree with you, and these are some very important points raised.. If people start making use of bitcoin for even the smallest daily transactions they make, they'd be helping the system by creating more demand. This was, it will gain more ground and acceptance.
August 23, 2018, 04:43:11 AM
It seems to me, the best way to stop the drop of bitcoin now, is simply to explain to people what bitcoin is and how it works. Many still believe that this is just a pyramid and do not understand the value of blochain technology.
August 23, 2018, 04:33:14 AM
I think the market is now going to move upward. All we can that wait for the full recovery.So I just hold the token for the Christmas because end of this year it will increase more.
August 22, 2018, 11:19:41 PM
I think holding on for a long time won't help bitcoin get out of the bear market, because Bitcoin requires high demand to achieve maximum value, one of the contributions that the Bitcoin community can make is to try to use bitcoin as much as we can by making payments in bitcoin or by getting salary and other income on bitcoin. In this way, the price of bitcoin won't depend much on the trading market because it will have the back support of people who use it as a currency.
August 22, 2018, 10:47:00 PM
People talk a big game bit i know from first hand knowledge people do not support crypto by spending it .I am the owner of https://allforcrypto.com/ and u can give a guess how many items i sold this month zero .How many people posted there items for sale on it zero .
I understand your anger, and what you describe here is exactly the problem we have to solve.Apart from the currently low eagerness of people to spend their BTC, there is another problem: finding merchants isn't as easy as it should be. Your website, for example, is pretty difficult to find using Google.
There are, mainly, these bigger merchant lists I know:
- 99bitcoins - relatively frequently updated, but very confusing and without any categorization; no altcoins
- Coinmap - nicely designed but often outdated; no altcoins
- CoinPayments - ok, with altcoins, but has less merchants than expected.
- there was also a list in the Bitcoin wiki, but I don't find it now.
So one of the conclusions is: We would need a good, regularly updated search engine finding merchants that accept Bitcoin and other cryptocurrencies. I have seen some newer web portals but no one had more than ~200-300 entries (most had less than 100).
(Regarding "put your money where your mouth is": I use Bitcoin to pay about a tenth of my montly expenses. I would like to use it for more, but in my region/country there are not too many options to spend it.)
(Added the three link lists/portals to the OP. If you know more, please post them!)
August 22, 2018, 05:28:57 PM
The market has already started to grow. We just have to be a little more patience. If every body hold their patience and coins the market will definitely will rise again and there is no doubt.
August 22, 2018, 04:31:06 PM
Nobody what to spend bitcoin people see it as a investment/store of value I going to get the flood of well i use bitcoin for spending on items bullshit.People talk a big game bit i know from first hand knowledge people do not support crypto by spending it .I am the owner of https://allforcrypto.com/ and u can give a guess how many items i sold this month zero .How many people posted there items for sale on it zero .A simple website to use easier then then openbazaar and bitfity for the average joe zero interest .The ability to easy promote your products using social media no interest.
Guessing nobody here will put there money where there mouth is then .
Guessing nobody here will put there money where there mouth is then .
August 22, 2018, 04:00:47 PM
This is a great advice and I hope everyone will see this work. We are preparing for a bright future do bitcoin must also prepare for that and if we see a great support level maybe bitcoin can now may a good run. We really need a strong technology that can bring us to the future, let’s believe on bitcoin.
August 22, 2018, 03:58:58 PM
Bitcoin are more profitable and potential. it will make more profit in future. now it is still more than 54% in the crypto market. its future are good. it will do something good for investor in future.
August 22, 2018, 03:54:48 PM
I just want to add. If you are a business owner, you should seriously consider accepting Bitcoin as a payment option and it must not stop there. You should offer "Bitcoin Only" specials for people who paid with bitcoins, because you want to motivate people to pay with bitcoins and not cash or any other payment option.
Good point - Bitcoin-only promotions would surely help to increase the Bitcoin e-commerce usage.The goal would be to create attractive conditions for rational Bitcoin holders. They should never think they lose an opportunity if they spend their "precious" Bitcoins. If there is a promotion of this kind - let's say a 10% discount - and it's on an item the Bitcoin holder usually buys, then he could have the following "thought stream" (think of this stereotypical image of an angel and a devil in his brain):
Angel: OK, I buy this item now.
Devil: But what if afterwards the Bitcoin price increases?
Angel: It's 10% cheaper than normal. And I need it.
Devil: I've still doubts.
Angel: Well, let's calculate. Tomorrow I could buy back the Bitcoins. And then I would only lose if the Bitcoin goes up 10% until tomorrow.
Devil: But Bitcoin is so volatile ...
Angel: The probability that the price goes up for 10% in a single day is very low. In fact, this happened only in very few days of the last two years, mainly in the 2017 bubble.
Devil: But what if that happens just today?
Angel: It could also go down 10%. Then I have lost 20% - 10% in price decrease and 10% in opportunity cost because I didn't buy that offer with the 10% discount.
Devil: *disappears*
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