Topic: You want the bear market to stop? Here are some things you can do :) - page 4. (Read 1062 times)

Yes, I agree Bitcoin must be balanced with its use as a currency that is widely used throughout the world, but this has encountered obstacles such as the prohibition of several countries to Bitcoin and not many shops / shopping places that accept Bitcoin as a legal payment instrument. if this problem is solved, I'm sure Bitcoin won't depend on crypto trading as a price benchmark.

very good advice from the author! really if they adhere to then we could push the market up

I will do all I can to lift this market, It is the effort of all members of this market, The only thing that will make the price rise again is to try make bitcoin usable again. We should spread the word around the world that using bitcoin is easier as a payment

if we want to contribute for market recovery, small thing we can do is not panic with market condition. Panic will make market more worst and price will more drop. The best we can do i think is just keep patient with our investment and hold it

It is not good for bitcoin,  but you or me can't change that. The entire community needs to come together for that, and that will never happen. One of the main reasons for bitcoin to become more of an asset, is because of the recession. I mean, who would even bother to give a fuck to use bitcoin as a currency when they can get rich from it? People are taking advantage of the entire decentralized system and it bit us right in the ass.

Even if Merchants start accepting bitcoin, the demand won't rise much. Hear me out here, not everybody likes to spend their bitcoin on normal stuff that you can buy with cash. A very few people actually like spending their bitcoin and only they will spend their bitcoin. Most of the what you'd call "hodlers" won't spend a damn satoshi.  What we need is to change the community's mindset, if that happens, everything would go accordingly , things will go how satoshi planned to.

ETF makes bitcoin a literal asset, and by asset , I mean not in terms of cash but in terms of an investment. ETF for bitcoin is unnecessary. There's nothing we can do, but the SEC can, but those Wall Street bastards definitely have connections inside the SEC. Well, all I can say is, fuck the bitcoin ETF, and fuck the Wall Street bastards.

So let's fucking rage!

A little bit? People need to stop looking at bitcoin like "Get rich scheme", LN is too slow, and not many people are into it, almost 75% of the "community" don't know what it is.

I admit that those point you have mentioned are really important but it is quiet impossible to recover this market position properly by us, but little change may happen.

Most of holders doing this thing.
Making deficit by holding coins move price up, i think is good what there are many holder.
But bears understand this policy and dumping price more and more to bust "truehodlers"

Bear market indeed. Although at full cycle, we already stood almost one year in this phase. No one know when it is gonna bottom, only price action can tell.
You see that 6000 area is strong psychological support.

I think the best way to stop the bear market is to make the cryptocurrency in the exchange less!
We put the cryptocurrency placed on the exchange into our own wallet, so that the cryptocurrency in circulation is reduced, and we have the opportunity to increase the price of cryptocurrency!

these suggestions are very good but i don't think they can stop the bear market from happening now or in the future. simply because a bear market is also a part of the whole market cycles and it needs to happen from time to time as it happens in any other markets.
these suggestions in my opinion would increase the adoption and in the long run increase the price more than it already is happening.

Really appreciable article and those points that you mentioned is really important and if all of this maintained properly something good can be hoped.

Ive never realize really that we can be part of making bitcoin sustainable buy using it whenever we can. I have been doing freelancing in designs and I just realized I could ask payment in bitcoin and if they do that, there will be discount. Thanks a lot for the idea.

please note that i was talking about regular businesses that accept bitcoin additionally not a business that only accepts bitcoin payment. for example a restaurant that was accepting fiat so far starts accepting bitcoin, they have increased their revenue.

as for bull market, i was actually discussing this a while ago here. those stats suggest that people were actually using bitcoin MORE during the bull market as price goes up.
and yeah higher fees were a bad thing last year but that is an exception case which hopefully won't happen again. but there is always a risk for it since bitcoin is susceptible to spam attacks no matter what you do.

We should calm down and stop asking people to do this or that. If market movers want to contribute towards a long lasting bear market, which seems to be the case, nothing of what you mentioned will help in any way.

We have to remain realistic. People don't care about anything aside from seeing the price moon swing and that's really it. They don't care about using it as payment because there are more convenient fiat options they use.

People here are lazy and don't want to do anything other than looking at the price in the hope it's higher than the last time they looked it up. Just let the market do whatever it wants to do. It's all part of the game we're playing.

You are describing the problem well: Speculation is still the main use case for Bitcoin.

The actions I'm describing is an intent to draft a solution for that, and these actions are important if the community wants to change the medium to long-term price evolution. By using Bitcoin as a currency, it would bring more stability to the markets, above all to the downside (decreasing probability for sharp crashes). Apart from that, rising adoption as a currency/payment system is also a source for good news, which could drive the price up, which is even good for speculators.

For example, imagine a situation where more and more bigger companies issue statements that they re-introduced Bitcoin as a payment option and regret the decision to have dropped it. That would be regarded as "good news", right?

Me? Nope. I never worked in that field.

I'm sorry, I can't. If your intention is simply to hodl and then cash out, then all you could do perhaps is to support marketing activities (spread the word about Bitcoin etc.). I hope you didn't buy at $20K ...

Do you have a recommendation what a mom who is on long time vacation cause of newborn baby can do with her investments in bitcoin to help the price for the coin to go upper? That's my current situation and for now I'm patiently waiting for bitcoin raise back to 20000 $ to cash out my savings.

We almost have the same opinion. I don't think that we can stop the bear market if we will follow his advise. Is he a former networker? It seems that his advice were from a power upline of a networking company or multi level marketing to be specific. For now, the only things we can do to help the market is promote Bitcoin and keep on spreading legitimate good news.

I don't think you can stop a bear market like you also can't stop a parabolic rise in prices in a bull market. The market is people buying and selling with their emotions.

People like to buy rising prices for profit taking at a higher price and they also like to sell declining prices to cut profit losses. Markets snowball in both directions. Only when the last to sell is out does the trend reverses.

Thank you for the advice, because to be honest with the current situation of confusion and panic, a very drastic decline in market prices that have not found a deadlock makes me confused about what needs to be done, if it just stays and waits when the price rises maybe it is wrong and even makes panic.
I will try several ways that you suggest, hopefully getting a solution.

Bear markets can take a big bite out of long-term stockholders' returns. Witnessing a bear market for stocks doesn't have to be about suffering and loss, even though some cash losses may be unavoidable. Instead, investors should always try to see what is presented to them as an opportunity - a chance to learn about how markets respond to the events surrounding a bear market or any other extended period of dull returns. Read on to learn about how to weather a downturn.