You want the bear market to stop? Here are some things you can do :) - page 7.

AXELNetwork

member

Activity: 153

Merit: 11

Quote from: d5000 on August 14, 2018, 11:54:24 PM

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!

Agreed that this is the most important. Bitcoin will not rise with everyone just holding onto their coins and praying it goes up in value, it will rise with people using it as a currency.

Also more merchants need to accept Bitcoin so it becomes a normal payment system.[/list]

Harlot

hero member

Activity: 1806

Merit: 672

I like the spirit you are giving to the community where you created a list of how people can contribute to Bitcoin in ending the bear market but what are you really hoping? That this ways can translate into helping BTC have more demand in the market? Because I don't think that this is a simple demand and supply problem anymore right now we are facing more than that like legal issues, virtual robbery, and also FUD. Also we cannot encourage people effectively in using their BTC if they themselves know that their BTC has a lower price now compared to before.

avikz

legendary

Activity: 3080

Merit: 1500

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

We need more posts like this one on this section, although I don’t see it much of a life in it. It will be buried down the other shitthreads and/or filled in with lots of shitreplies.

What I like about it is that it doesn’t talk about knowledge or theory but rather about action. I think bitcointalk should be a community where initiatives like this should take place often and be followed to some extent.

OP: have you thought of moving it to the Serious Discussion or Ivory Tower sections where it would last longer and would be seen by more serious members?

r32godzilla

hero member

Activity: 1361

Merit: 506

Yes.This seems to be much logical to stop bitcoin market turning bearish.In short,we must try to use bitcoin as much as we can either by making payments in bitcoin or by getting our salary and other earnings in bitcoin.By this way,bitcoin price would not be much dependant only upon the trade market as it would have a back support of people using it as a currency.

vy99

member

Activity: 126

Merit: 25

I would also add that if you own a business, especially an online business, then start accepting Bitcoin as a payment.

Even if you don't actually take too much in Bitcoin it adds credibility when people look at the payments you accept and see that you take Bitcoin.

hastang

jr. member

Activity: 149

Merit: 3

The market is now starting to move upward. All we have to do is wait for the fully recovery, for now, let's just hold our token/coin to avoid more damage in the price. Hopefully, when Christmas season comes all price will move up again to the top.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: davis196 on August 15, 2018, 01:05:29 AM

If you have a product or service based online business ,accept fixed bitcoin prices with a refund.
For example,a customer buys your service or product for 50 USD worth of btc.The bitcoin price doubles after one week and he actually paid you $100.This would be really frustrating to him so you offer him to refund 50 USD.You kinda lose money,but you get a loyal customer,who is paying with btc.

Interesting proposal. That would basically be "the other way around" to what I proposed here - in my proposal the merchant doesn't increase the price in the case Bitcoin goes down. The interesting thing is that in your proposal the merchant would not lose money measured in USD, only measured in Bitcoin - this could make it even more attractive. And above all: it would increase usage of BTC in bull markets, when people are eager to HODL.

The merchant could even charge a little plus for this "refund service" - e.g. 1% more - and then profit from hodlers even if the price finally doesn't go up.

Quote

Anyway,the bear market won't stop just because a bunch of people started accepting bitcoin payments.

That's true, but they can start a trend, and if it increases Bitcoin's circulation then this has a stabilizing effect. And if they use also the "backing" system I propose, with abundance of goods, then investing in Bitcoin becomes less risky even in bear markets, because people can spend the BTC a few hours after a crash and buy goods "to the price before the crash".

davis196

hero member

Activity: 3234

Merit: 941

If you have a product or service based online business ,accept fixed bitcoin prices with a refund.
For example,a customer buys your service or product for 50 USD worth of btc.The bitcoin price doubles after one week and he actually paid you $100.This would be really frustrating to him so you offer him to refund 50 USD.You kinda lose money,but you get a loyal customer,who is paying with btc.
Anyway,the bear market won't stop just because a bunch of people started accepting bitcoin payments.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: d5000 on August 14, 2018, 11:54:24 PM

Accept Bitcoin for at least some of your work

this is the best thing everyone can do and I always encourage them as much as I can.
people always want to invest in bitcoin to have it, I say why not receive it directly as it was meant to ie. a currency which you receive as payment for your freelance work, your goods, your salary,...

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

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 they'll have. And you, the Bitcoin user - beginner, average Joe or advanced crypto geek - can do a lot for that. Wink

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!
Are you a freelancer? 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).
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 ore 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. Wink

Topic: You want the bear market to stop? Here are some things you can do :) - page 7. (Read 1062 times)