Topic: You want the bear market to stop? Here are some things you can do :) - page 6. (Read 1062 times)

Usage by everyday people would help a lot not just "geekish" part of humanity aka us

very good idea, I agree with you. Good contributions by using and utilizing bitcoin for our every need can make bitcoin recover again.

maybe some countries ban bitcoin, but we can do underground transactions well.

if you want to go back bullish, then make bitcoin a part of our lives.

If everyone thinks like you do there won't be a recovery from these bearish conditions.

That is a very positive way to help bitcoin to move its circulation but I still prefer long term holding wherein I would just be an observer and make some vacation with this bearish condition and be back when its recover.

Yes I understand, I just meant this as an addition to your suggestion of how to get the bear market to stop. If you want to see Bitcoin bounce back and you are a merchant of some kind then you should accept Bitcoin as a payment method, even if you aren't getting too many payments that way.

Will you be able to stop them once they have paper Bitcoin and trade it on the side.  Look at gold and silver.  Once the bankers got you they got you.  Bitcoin should of skyrocketed with the no ETF decision.  They want ETF so we will get it soon.  The market will pump also.   

No! That is exactly what I didn't mean Bitcoin must circulate to achieve adoption and strength - otherwise the next crash will follow fastly. What is true is that you shouldn't sell your coins for fiat money. Spend them on goods and services instead. You can also hold them - but this doesn't contribute to sustainable strength.


Fully agree! The reason I started this thread is to show some easy actions almost every Bitcoin user could achieve to strenghten the ecosystem.

It's a classical chicken-and-egg problem: If there are no users, then there will be no merchants. Some merchants have abandoned Bitcoin in the last years - because there were too few people using it for payments.

In most countries I know there are absolutely no problems accepting Bitcoin for simple payments (from the big economies, afaik China is the only one that is really restrictive). There is more hassle involved if you want to start a Bitcoin service like an exchange, and here the regulation often isn't clear. And you may be right that big brick-and-mortar chains are still waiting for more precise regulations.

But the bigger problem of merchants is the "hodler mentality". As I already answered to AXELNetwork, a pretty large group of merchants isn't accepting Bitcoin anymore because of the lack of customers using it.


I don't think so. In 2014, Bitcoin hovered around the 300 USD mark for several months, in a very similar fashion than we are hovering now around the 6000-6500$ area. Then, in January 2015, a sudden drop/capitulation drove the BTC to $135. But it wasn't "the dead of Bitcoin", it actually recovered very fast and went again to the 200-300 range where it stayed for several months, laying the groundwork for the next bullish cycle. I can imagine a similar situation this year, with a sudden crash to 3000 in few days or weeks when the 6000 mark is sustainably broken, and then a fast recovery to 4500-5000 followed by a long sideways phase.

@MrConnect, @darkangel11: I believe some hodling is not harmful and only natural, but if all what Bitcoin users do is hodling, then MrConnect's fears are true - that leads to a small liquid supply in upmoves, causing our well-known crazy price manias, but also the panics when the market turns bearish and the liquid supply greatly overtakes demand. Usage as a currency/payment medium, instead, leads to a more stable supply and demand.

The ideal situation would be near 30% hodling and 70% currency usage, but even if we can reach 30% currency usage then Bitcoin has made a big step forward (I believe it's actually near 5%).

I definitely agree with the information shared by tha author and this article should spread all throughout the crypto community for better awareness to everybody. With these recommendations, I believe this could get good impact on btc in relation to the market value.  All of the recommendation's were favorable to my end and much better than holding btc since it could only idle the cycle of the btc eco system. The only thing that I could share is that people shohld buy more btc during bear market to atleast increase it's demand.

ATH value of course, or peak value if you prefer.


Not really. The incentive to store and hold is completely normal, especially in the times when the gold standard no longer exists. You can't hold fiat money because it's inflationary, so people are naturally looking for things that appreciate in value or at least manages to hold relatively the same value throughout the years.
There's a reason why Bitcoin is called the digital gold. Have you seen anyone pay with physical gold? Bitcoin combines deflationary precious metals and modern fiat-based payment systems.

Initially, the Bitcoin was created as a decentralized payment system. It's just a shame to see that people are now using it as an investment avenue or opportunity. The use of it as an investment, in my opinion, has led to the price instability that we now experience. In addition to your suggestions, it will be nice to see the Bitcoin being used more for the actual purpose for which it was created (payment system). I think when the Bitcoin is being less used as a means to accrue wealth, its price will become more stable and will lead to a better ecosystem and a much more widely adopted coin.

Total value or ATH value?

Using bitcoin is the most important thing should be done for stopping the bear market. About 10 years has passed since the creation of bitcoin and Bitcoin must be used for buys and sells more.  Otherwise it's a useless thing.

Good points op, although I have to say that falling to 3000 would indicate a serious problem with BTC. Corrections in an uptrend are normal to occur and they are known to go as low as to the beginning of the exponential rise, or even slightly below it, but 3k would be too much. That would be a drop by 85% of total value and would require a prolonged bear market (2 years or more) which at current state of BTC is not possible without fundamental flaws or a worldwide ban occuring.

Depends on the country you're living in. Some countries do make it mandatory for all employers to pay their employees in the local fiat currency.

Only if you are an idiot you would refund the customer that extra $50, What if after a week the price drops down and the amount which you have already received becomes less than $50? I don't think your customers pay you more bitcoin just because the price went down, This is the same with business owners, Why would they refund their customers, That doesn't make any sense.
Governments are the ones obligated to pay the salaries of their employees in local fiat currency, In private sector there is no such an obligation to pay their wages in fiat, They could pay with whatever currency of their choice, It depends on the employees if they accept bitcoin or not, I don't see why they should accept bitcoin? There is too much volatility in the price.

that's a great list that would definitely help mitigate the effects of continuous dumping .However, you are missing one major point which is not all people are actually looking for the bearish market to end ! Have you thought about this before?! whales are shorting hard and only cares about making more money and big corporations wanna get into the market in lower prices , so these individual acts won't stand a chance against these people 

It depends on the country, some give you a choice. I'm sure OP meant that if you live in a place where you can legally choose your currency to get some in Bitcoin...but I also like your compromise solution of employees buying BTC. It would be even cooler if companies set it up to make it easier for employees to use their salary to purchase Bitcoin.

This one on your list is flawed for the reason of its legality. Most countries under their labor law when it comes to the payment of their wages the employers must always pay them with their local fiat currency, both the employers and employees don't really have a choice on what money they will pay and receive for their wages. However I have an alternative solution for your suggestion, the employees can always use some part of their salary to buy Bitcoin directly by themselves, with this they have more control at what price they will buy BTC.

Hey, I'm a serious member but I'm not cool enough to post in the Ivory Tower yet (need more activity and merit!) so it would suck to not be able to contribute to this post...but I agree this thread shouldn't get buried either. So here's a quick bump!

I'm pretty sure my boss is partly a geek, but knowing that I'm in an SEC-registered company with a strict payroll protocol, I don't think I can ask him to pay me in bitcoin partly. We've discussed about cryptocurrencies for some time now and he's pretty much open to it, however it worries him that it will take a lot of effort (which he knows would be in dire anyway) to get his voice heard and get that thing accepted. On a freelance work, it can be done, though in a regular day job? Good luck with that.


Which, sadly most people fail to realize. Bitcoin isn't created out of thin air, and most people think that through speculation most of the time, bitcoin becomes successful. Fundamentals should also follow suit alongside price because if that stagnates, the rest of the coin will crumble still no matter how insane the price is.