Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: FlipBit on July 10, 2016, 09:50:08 PM



Title: Let's Control the Future Value of Bitcoin
Post by: FlipBit on July 10, 2016, 09:50:08 PM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: bitbunnny on July 10, 2016, 10:01:50 PM
You have proposed the interesting strategy here. But still, is there really the way that we could control the value of Bitcoin? But I fully agree that the worst thing for Bitcoin is to sit idle.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: helloeverybody on July 10, 2016, 10:15:28 PM
To raise the price everyone would theoretically just need to hold their coins but unfortunately the chances of doing that are slim.  The only way we can raise price is by buying and holding plus new investors.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: yayayo on July 10, 2016, 11:30:33 PM
Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

I don't think there's an urgency to do anything to artificially raise the fiat valuation of Bitcoin. The things you are suggesting are already happening the natural way. There's no need to speed up the process by aggressively marketing Bitcoin to the general population.

In fact I think that too fast growth could have bad consequences, since the network and extended ecosystem may not be ready to cope with it. It's bad to induce exaggerated expectations that might fail in face of reality.

I also have very strong objections against your "education" approach, since it solely focuses on speculative value appreciation and recommends using a service (Coinbase) that betrays the core principles of Bitcoin: Full private ownership of free decentralized and sound money. Bitcoin was never meant to be Paypal 2.0. We don't need that kind of people here.

ya.ya.yo!


Title: Re: Let's Control the Future Value of Bitcoin
Post by: brigadier2001 on July 10, 2016, 11:38:01 PM
Its a good thing to do promoting bitcoin to make it worth more in the future but controling its value its not that easy because if everyone new that bitcoin will worth more in the future all of whom uses bitcoin will buy and keep it for the future so it will rise for a moment very fast but there will be no more spending and that may decrease their value


Title: Re: Let's Control the Future Value of Bitcoin
Post by: FlipBit on July 11, 2016, 02:00:23 AM
Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

I don't think there's an urgency to do anything to artificially raise the fiat valuation of Bitcoin. The things you are suggesting are already happening the natural way. There's no need to speed up the process by aggressively marketing Bitcoin to the general population.

In fact I think that too fast growth could have bad consequences, since the network and extended ecosystem may not be ready to cope with it. It's bad to induce exaggerated expectations that might fail in face of reality.

I also have very strong objections against your "education" approach, since it solely focuses on speculative value appreciation and recommends using a service (Coinbase) that betrays the core principles of Bitcoin: Full private ownership of free decentralized and sound money. Bitcoin was never meant to be Paypal 2.0. We don't need that kind of people here.

ya.ya.yo!
The suggestions in the original post are natural progressions for the ecosystem. There are early adopters that can afford to spend btc within reason, but strictly hold. That strategy is great for personal gain but does not allow the ecosystem to expand and stagnates the fiat valuation.

The mention of Coinbase is just an example. I completely understand and support "full private ownership" of decentralized currency. Another example of spreading the word comes from a colleague that helps others set up their wallet for free. He will send them $1 in good faith and only asks that they send the $1 back when they feel comfortable with the returns. Most people send the $1 back when their btc reaches about $1.40.

This forum is for early adopters and those in the know of cryptocurrency. But from the outside looking in, $10 billion is a very small market that could benefit from the btc user base expanding. For example, Airbnb was worth $10B as of 2/2015 (http://www.businessinsider.com/startups-valued-at-more-than-10-billion-2015-2). Today, Airbnb is valued at $25.5B (https://www.cbinsights.com/research-unicorn-companies). Airbnb's rapid expansion was thanks to a growth rate of 353 times what it was 5 years prior (http://www.businessinsider.com/airbnbs-summer-reach-has-grown-by-353-times-in-5-years-2015-9). If more people were educated and investing in btc, we could see similar growth.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: CraigWrightBTC on July 11, 2016, 02:14:42 AM
Mostly of bitcoin users are traders It will be difficulty for hold bitcoin until price going up to $1000, usualy if price is increase they sell bitcoin for take profit and if price going down they sell bitcoin too. And mostly of stores in the world still not yet use bitcoin as payment method. Price of bitcoin is like sea we can not control it but we can control our ship.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: rphk on July 11, 2016, 05:58:01 AM
I agree with this , holding is good thing ,but transactions are very important we need to to more transactions like buying and selling ,as demand increase it will help increasing the bitcoin price.
And Educating the people also an important thing , more the bitcoin users more will be the transaction and it helps to increasing bitcoin price :)   


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Jastetad on July 11, 2016, 05:59:32 AM
I agree with this , holding is good thing ,but transactions are very important we need to to more transactions like buying and selling ,as demand increase it will help increasing the bitcoin price.
And Educating the people also an important thing , more the bitcoin users more will be the transaction and it helps to increasing bitcoin price :)   

I hold most of my bitcoins, that will reduce the selling pressure. But I also use my bitcoin to buy things, that will increase the circulation. Both will increase the value.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Divinespark on July 11, 2016, 06:21:45 AM
I do my bit by taking a 90-10 approach. 90% of my holdings are in paper wallets held for 5 to 10 years. The remaining 10% is spent buying stuff online and circulating BTC through the economy.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: romero121 on July 11, 2016, 06:30:31 AM
To raise the price everyone would theoretically just need to hold their coins but unfortunately the chances of doing that are slim.  The only way we can raise price is by buying and holding plus new investors.

Holding is good. But it needs to be done in accordance to the price movement of bitcoin. Also its very important to spend some amount of bitcoin directly which is much needed for price flow. More the circulation of bitcoin more will be the flow which helps in price variation.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Jastetad on July 11, 2016, 06:36:40 PM
To raise the price everyone would theoretically just need to hold their coins but unfortunately the chances of doing that are slim.  The only way we can raise price is by buying and holding plus new investors.

Holding is good. But it needs to be done in accordance to the price movement of bitcoin. Also its very important to spend some amount of bitcoin directly which is much needed for price flow. More the circulation of bitcoin more will be the flow which helps in price variation.
[/quote

I spend some bitcoin every few months when I need to upgrade my computers. I help the circulation of bitcoin.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: RealBitcoin on July 11, 2016, 06:37:53 PM
Spending bitcoin does not increase it's value. It actually decreases it.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: danda on July 11, 2016, 08:28:14 PM
Segwit may provide a bump, but the next wave of serious bitcoin expansion will probably take place once Lightning Network is in place and well supported by most toolchains and wallets.   At that point, scalability concerns should mostly go away and high volume businesses/industries can begin onboarding.   Until then.... hodl.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: groll on July 12, 2016, 03:44:52 AM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

Your opinion is agreeable. If we dont use bitcoins and will not promote it there will be less bitcoin users in the world. As of your posted subject it is very relevant that an increase in demands and bitcoin users could lead to a major increase in bitcoins price. Imagine of all the people in the world are using bitcoin right now as a currency the price will rose up to 1 bitcoin is 100,000,000 $ and I will be reach if I hoard my bitcoins.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: clickerz on July 12, 2016, 04:10:23 AM

Your opinion is agreeable. If we dont use bitcoins and will not promote it there will be less bitcoin users in the world. As of your posted subject it is very relevant that an increase in demands and bitcoin users could lead to a major increase in bitcoins price. Imagine of all the people in the world are using bitcoin right now as a currency the price will rose up to 1 bitcoin is 100,000,000 $ and I will be reach if I hoard my bitcoins.

Indeed, as there are more people or more users of bitcoin, Demand for bitcoin also increases. In this case, it is safe to presume that the bitcoin price will also increase. Like you, I'm hoping that the price will increase but to 1 million? thats Fantastic :) Its like we Won on Grand lotto:)


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Xester on July 12, 2016, 05:13:57 AM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

When we spend bitcoins, the more we make it active the more it will affect the price increase. The more bitcoin users around the globe the more demands will lead to an increase in price of bitcoin. And so your points are substantial facts that may give us the power to control the future value of bitcoin. With these two options there is more income coming for bitcoin consumers.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Sharma on July 12, 2016, 05:16:46 AM
I don't understand why anyone would want to control the future value of bitcoin. There is no point to. If you look at your finances in terms of bitcoin, it is always stable in value.

Fiat is by definition volatile and inflationary, which is why I don't account for my finances in fiat.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: FlipBit on July 13, 2016, 04:47:24 AM
I do my bit by taking a 90-10 approach. 90% of my holdings are in paper wallets held for 5 to 10 years. The remaining 10% is spent buying stuff online and circulating BTC through the economy.
This is the approach that more should take. How has this 90/10 strategy performed so far?

The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

When we spend bitcoins, the more we make it active the more it will affect the price increase. The more bitcoin users around the globe the more demands will lead to an increase in price of bitcoin. And so your points are substantial facts that may give us the power to control the future value of bitcoin. With these two options there is more income coming for bitcoin consumers.
Exactly! Currently, bitcoin is heavily tied to the values of fiat currency when it should be influenced more by the intrinsic values of consumer goods and services like gold originally was. The easiest way to do this is to spend more btc and have more merchants accept btc.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Jastetad on July 26, 2016, 07:11:06 PM
I don't understand why anyone would want to control the future value of bitcoin. There is no point to. If you look at your finances in terms of bitcoin, it is always stable in value.

Fiat is by definition volatile and inflationary, which is why I don't account for my finances in fiat.

I think they just want the bitcoin price to rise slowly, not so volatile so that more people will use it as a currency.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: FlipBit on July 26, 2016, 11:04:06 PM
I don't understand why anyone would want to control the future value of bitcoin. There is no point to. If you look at your finances in terms of bitcoin, it is always stable in value.

Fiat is by definition volatile and inflationary, which is why I don't account for my finances in fiat.

I think they just want the bitcoin price to rise slowly, not so volatile so that more people will use it as a currency.
Showing steady price increases to those who may be interested in using bitcoin help validate its purpose and legitimacy.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Doamader on July 27, 2016, 12:00:46 AM
We cant control bitcoin, and isnt that the purpose of no one has plenty control of it, the miners just able to pump and dump bitcoin with their porfolio, but we can recover the value over the time. Something bitcoin doesnt need is being controled, decentralized is the best way to bitcoin.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Xester on July 27, 2016, 04:06:52 AM
We cant control bitcoin, and isnt that the purpose of no one has plenty control of it, the miners just able to pump and dump bitcoin with their porfolio, but we can recover the value over the time. Something bitcoin doesnt need is being controled, decentralized is the best way to bitcoin.

The author is not talking about controlling bitcoin but its value. Controlling bitcoins and bitcoins value are two different things and must not be thought as one.
But you are right in your point that bitcoin as it is cannot be controlled due to its decentralized nature. But the price as the author said can be controlled if we all join our hands as one to hold our bitcoins so the price may increase


Title: Re: Let's Control the Future Value of Bitcoin
Post by: shinratensei_ on July 27, 2016, 04:18:59 AM
We cant control bitcoin, and isnt that the purpose of no one has plenty control of it, the miners just able to pump and dump bitcoin with their porfolio, but we can recover the value over the time. Something bitcoin doesnt need is being controled, decentralized is the best way to bitcoin.

The author is not talking about controlling bitcoin but its value. Controlling bitcoins and bitcoins value are two different things and must not be thought as one.
But you are right in your point that bitcoin as it is cannot be controlled due to its decentralized nature. But the price as the author said can be controlled if we all join our hands as one to hold our bitcoins so the price may increase
no one can control bitcoin and their price but for some whale with a lot of volumes their own they can playing the value of bitcoin as they want. it's possible for who having a lot of BTC volume, and until this time the whale is always giving an impact for bitcoin's value.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: ObscureBean on July 27, 2016, 05:15:12 AM
I don't think it would be a good thing to attempt to control the value of Bitcoin. It wouldn't work anyway unless Bitcoiners banded into groups and that would just make Bitcoin more centralized. If Bitcoin is about freedom then people should be able to do whatever they please with their coins without feeling any pressure. I think it's best to let Bitcoin evolve naturally, for better or worse.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Sorrowfox on July 27, 2016, 06:45:30 AM
To raise the price everyone would theoretically just need to hold their coins but unfortunately the chances of doing that are slim.  The only way we can raise price is by buying and holding plus new investors.

Well those instances that you have sighted above are not enough to assure that the future value of bitcoin can be controlled. As we all know, we have the law of supply and demand. The greater the demand over supply will result to price increase. You have only mentioned that people need to hold the bitcoins and if they will jsut hold their bitcoins, there will be no transactions and once there are no transactions, there will be no demand  created.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: topiOleg on July 27, 2016, 08:40:40 AM
You have only mentioned that people need to hold the bitcoins and if they will jsut hold their bitcoins, there will be no transactions and once there are no transactions, there will be no demand  created.

Such cooperation of everbody holding and no one spending/selling so there are no transactions anymore is never going to happen. Afterall people have different reasons why they own Bitcoin and when they spend/sell it.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: severaldetails on July 27, 2016, 08:53:21 AM
You have only mentioned that people need to hold the bitcoins and if they will jsut hold their bitcoins, there will be no transactions and once there are no transactions, there will be no demand  created.

Such cooperation of everbody holding and no one spending/selling so there are no transactions anymore is never going to happen. Afterall people have different reasons why they own Bitcoin and when they spend/sell it.

Transactions are needed to create bitcoins during the mining process, right?
How could new coins be created if no transactions are made?


Title: Re: Let's Control the Future Value of Bitcoin
Post by: bravehearth0319 on July 27, 2016, 09:13:09 AM
I do agreed on this topic to control the future value of bitcoin, It is because if don't control it, the value might gonna be decrease and if that happen the users of bitcoins will also be decrease until such time goes down and down there will be no more bitcoin user, But if we control the value more and more there will be no reason to make bitcoin goes down. :)


Title: Re: Let's Control the Future Value of Bitcoin
Post by: jak3 on July 27, 2016, 09:38:27 AM
you got a point but if depends on what type of person is using it or what exactly he knows about it because in my locality there are some stupid ass who say they has 50Bitcoin but they don't even know about what are miners. so educating others are now-days getting negative effects because you have to check each words before saying them because they are fools


Title: Re: Let's Control the Future Value of Bitcoin
Post by: 20kevin20 on July 27, 2016, 09:57:04 AM
I am holding my bitcoins, and many people are doing that too. However, I can't see how we can rise the price doing this. Just think about it: there are people who got hundreds, if not thousands of Bitcoins. I can't change the Bitcoin price having just 1 Bitcoin in my account - that's an infirm sum. They are the ones who can change the price.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: calkob on July 27, 2016, 10:09:10 AM
doing both them things and will continue to do it, everyone should know about this amazing tech ...


Title: Re: Let's Control the Future Value of Bitcoin
Post by: MinerHQ on July 27, 2016, 02:58:44 PM
I do agreed on this topic to control the future value of bitcoin, It is because if don't control it, the value might gonna be decrease and if that happen the users of bitcoins will also be decrease until such time goes down and down there will be no more bitcoin user, But if we control the value more and more there will be no reason to make bitcoin goes down. :)
Yup, this is a good idea and I too agree with this. I* think this will work out. Yes if bitcoin users increased means the price will be increased. At least the price will be stable. But teaching what is Bitcoin to people is very tough work. But we do because our future in Bitcoin will be bright. Let's do this guys.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Nimbulan on July 27, 2016, 03:04:16 PM
I don't understand why anyone would want to control the future value of bitcoin. There is no point to. If you look at your finances in terms of bitcoin, it is always stable in value.

Fiat is by definition volatile and inflationary, which is why I don't account for my finances in fiat.

I think they just want the bitcoin price to rise slowly, not so volatile so that more people will use it as a currency.
Showing steady price increases to those who may be interested in using bitcoin help validate its purpose and legitimacy.
yeah, i think stable prices for a long time is not that bad, i believe the price is going to go up pretty soon and allow us to make good money so fluctuations are even better


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Snorek on July 27, 2016, 03:12:52 PM
You can't push bitcoin adoption. You see bitcoin is a new invention, a new kind od monetary system and payment method. A new tech like this will not take over a world in a day.
The only real way to push bitcoin price higher is by introducing new people to the bitcoin, new people will buy more coins which will push price and adoption higher.
Spending bitcoin is not that important IMO but I realize that without spending we can't have more services accepting bitcoin payments.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: mishra1994 on July 27, 2016, 03:24:04 PM
I am holding my bitcoins, and many people are doing that too. However, I can't see how we can rise the price doing this. Just think about it: there are people who got hundreds, if not thousands of Bitcoins. I can't change the Bitcoin price having just 1 Bitcoin in my account - that's an infirm sum. They are the ones who can change the price.
Ya i dont think we can make any changes in bitcoin price or bitcoin future like that.
Introducing Bitcoin to new peoples and encouraging more and more peoples to use the bitcoin will increase its popularity and with it price of bitcoin gonna increase as demand for buying it will increase.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Kotone on July 27, 2016, 03:28:09 PM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

If all of us stops selling and buying bitcoin, btc prices will drop at 1$ . why ? Because time after time, the demand % will be lowered and trading sites will stop transacting bitcoin just because of that matter . and we all know that we are still on mid ages where the bitcoin is still producing . Miners still producing bitcoin but as time goes by, bitcoin currency will be dumped if we will not use this to transact.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Hide_ip112 on July 27, 2016, 03:28:37 PM
I am holding my bitcoins, and many people are doing that too. However, I can't see how we can rise the price doing this. Just think about it: there are people who got hundreds, if not thousands of Bitcoins. I can't change the Bitcoin price having just 1 Bitcoin in my account - that's an infirm sum. They are the ones who can change the price.

You don't worry about the question of rising prices, which do price controls is a system of mining. So I think it is not related to the owner of the bitcoin has many bitcoin. Everyone is only subject to the mining system and could not do anything for the price of bitcoin


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Gahs on July 27, 2016, 03:34:14 PM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.



There is this fear that if I spend all the bitcoins with me, I have to buy some more with fiat. The price keeps rising and I have to pay more for 1btc and then pay the trading fee as well... so why not just keep what I have?


Title: Re: Let's Control the Future Value of Bitcoin
Post by: fravia on July 27, 2016, 03:37:03 PM
You have only mentioned that people need to hold the bitcoins and if they will jsut hold their bitcoins, there will be no transactions and once there are no transactions, there will be no demand  created.

Such cooperation of everbody holding and no one spending/selling so there are no transactions anymore is never going to happen. Afterall people have different reasons why they own Bitcoin and when they spend/sell it.

Transactions are needed to create bitcoins during the mining process, right?
How could new coins be created if no transactions are made?
well miners would be still mining bitcoins and they would get their coins, you dont need to make transactions to get bitcoins as far as i know though i might be wrong


Title: Re: Let's Control the Future Value of Bitcoin
Post by: avikz on July 27, 2016, 03:52:16 PM
It is almost impossible to manipulate bitcoin value unless and until you have at least a million dollar to invest for this game. Bitcoin is basically dominated by public sentiment.

If you can dominate the public sentiment then you can manipulate the price without much investment. But if you want to do it with money, you must have at least a million dollar to play with. 


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Cuidler on July 27, 2016, 04:19:19 PM
There is this fear that if I spend all the bitcoins with me, I have to buy some more with fiat. The price keeps rising and I have to pay more for 1btc and then pay the trading fee as well... so why not just keep what I have?

No one holds forever, you have to spend the Bitcoins once. With large number of people, everybody going to spend the Bitcoin at different time, thats why there going to be always enought Bitcoins in circulation. So any cooperated attempt to control the Bitcoin value by everyone holding going to fail, as there will be always many people who take advantage of the increased price and sell their Bitcoins.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: mobnepal on July 27, 2016, 04:42:34 PM
Controlling bitcoin price is out of question man, we need lots of fiat or lots of bitcoin to really control whole bitcoin price. As bitcoin have 10 billion USD marketcap so atleast 4-5 billion USD or even more is needed to hold 51% or majority of bitcoin and i don't think any of the billionaire out there will be willing to put this much in bitcoin to pump the price or to maintain regular increase in bitcoin price. However it is true that with increasing deamand and supply of new coin getting limited after few years we may see even 4-5x price than now.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Kprawn on July 27, 2016, 04:49:32 PM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

You are contradicting yourself here... one the one hand, you are saying people need to spend their bitcoin and not horde it, and on the other hand you are comparing Bitcoin to Apple or IBM shares?

This must be confusing to people, because they see the store of value and they see the currency use... which of these two gives the highest value? There should be a balance between the two, and I

call this the " 80/20 principle " You horde 80% and you spend 20% of your total bitcoins. The hording is good for the price and the spending stimulates the economy.  ::)


Title: Re: Let's Control the Future Value of Bitcoin
Post by: crairezx20 on July 27, 2016, 05:01:35 PM
I don't understand why anyone would want to control the future value of bitcoin. There is no point to. If you look at your finances in terms of bitcoin, it is always stable in value.

Fiat is by definition volatile and inflationary, which is why I don't account for my finances in fiat.

I think they just want the bitcoin price to rise slowly, not so volatile so that more people will use it as a currency.
For now we didnt see any huge pump after these weeks after block halving but they are still holding  tight to others that they are still believing that the price of bitcoin will increase more ..


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Hirose UK on July 28, 2016, 03:25:58 AM
Its a good thing to do promoting bitcoin to make it worth more in the future but controling its value its not that easy because if everyone new that bitcoin will worth more in the future all of whom uses bitcoin will buy and keep it for the future so it will rise for a moment very fast but there will be no more spending and that may decrease their value

I agree. bitcoin is a good investment, so if people realize it, probably they will hold more, not spend it unless the price goes up. if many people hold bitcoin and less demands, of course the price will be down.

so if we promote bitcoin to others, we need to tell them about thiss too, about the price and how we can make bitcoin worth.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Omegasun on July 28, 2016, 03:51:59 AM
i think it is impossible to controll bitcoin price. a lot of factor is involved in the price variation of btc. for example the mining of btc.. it can affect by the volume of btc that they will produced, if the mining rate decrease or increase in can be a cause for price variation. the best example here is the halving event. second example here is the cold storage and other btc that lost or burned.
i think this is hard proposal. bitcoin is a anonymous currency and no one owns.  ;D


Title: Re: Let's Control the Future Value of Bitcoin
Post by: vindicare on July 28, 2016, 03:59:28 AM
Controlling the future of bitcoin will need some services that everyone can access in each country before we can say we can control it and make name. As long as people can keep their Bitcoin and not thinking to spend it because there's no place/site they can spend it the price will increase overtime.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: The Sceptical Chymist on July 28, 2016, 04:14:03 AM
You have proposed the interesting strategy here. But still, is there really the way that we could control the value of Bitcoin? But I fully agree that the worst thing for Bitcoin is to sit idle.
No, no, no.  That is exactly like saying your silver coins should be spent at the gas station.   It's silly.  Bitcoin is primarily an investment which functions as such very well whilst doing nothing.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: shinratensei_ on July 28, 2016, 05:23:33 AM
Controlling the future of bitcoin will need some services that everyone can access in each country before we can say we can control it and make name. As long as people can keep their Bitcoin and not thinking to spend it because there's no place/site they can spend it the price will increase overtime.
Please teach me or giving me any explained for this, why just too controlling the bitcoin is needed some service, does all of it not just relied on the bitcoin users. because can making the bitcoin having the future it's because their users and giving a food for bitcoin everyday.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Jastetad on August 09, 2016, 08:12:54 AM
i think it is impossible to controll bitcoin price. a lot of factor is involved in the price variation of btc. for example the mining of btc.. it can affect by the volume of btc that they will produced, if the mining rate decrease or increase in can be a cause for price variation. the best example here is the halving event. second example here is the cold storage and other btc that lost or burned.
i think this is hard proposal. bitcoin is a anonymous currency and no one owns.  ;D

We cannot control the bitcoin price at all. What we need to do is just develop the bitcoin and the price will rise as a result.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: johnnyyash on August 09, 2016, 09:12:34 AM
i believe spending bitcoin decrease its value,giving it more opportunity to be used by proof...when we have much of it, i think its best we spend or invest on it as proof to others of the value of bitcoin..and i believe it will keep goin on..


Title: Re: Let's Control the Future Value of Bitcoin
Post by: beerlover on August 10, 2016, 08:47:04 PM
I think best way to increase the value of bitcoin is adoption.
If all big companies takes bitcoin it means we are as close to living only with bitcoin without fiat in our life as possible, if that day comes that people can live (comfortably of course , because there are people living with bitcoin but there somethings that I can't pay with btc yet here) with bitcoin only and not look for bitcoin accepted places because they are everywhere then the bitcoin price will increase. Also if there are good news about it rather than silk road and hacks and so on that would help as well.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: topiOleg on August 10, 2016, 09:38:17 PM
Also if there are good news about it rather than silk road and hacks and so on that would help as well.

Good news dont sell well, so I would not count on that (and there are good use cases Bitcoin has like donation Bitcoin address to some non profit organizations). So spending Bitcoins is surer way for Bitcoin to be more usefull and recognized among people, as already sated in both your and OP post.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: wikenpp on August 10, 2016, 10:18:06 PM
i think it is impossible to controll bitcoin price. a lot of factor is involved in the price variation of btc. for example the mining of btc.. it can affect by the volume of btc that they will produced, if the mining rate decrease or increase in can be a cause for price variation. the best example here is the halving event. second example here is the cold storage and other btc that lost or burned.
i think this is hard proposal. bitcoin is a anonymous currency and no one owns.  ;D

We cannot control the bitcoin price at all. What we need to do is just develop the bitcoin and the price will rise as a result.

Offcourse we as the masses can influence the price, but the more people the harder it will be to manage the price. And having said that, to what extent will we influence the price?
To what advantage. So newbie's into bitcoin have to pay a bubble price? I really see no advantage influencing the price.
At best we should be able to maintain a certain value.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: JeffBrad12 on August 11, 2016, 12:01:40 AM
I think best way to increase the value of bitcoin is adoption.
If all big companies takes bitcoin it means we are as close to living only with bitcoin without fiat in our life as possible, if that day comes that people can live (comfortably of course , because there are people living with bitcoin but there somethings that I can't pay with btc yet here) with bitcoin only and not look for bitcoin accepted places because they are everywhere then the bitcoin price will increase. Also if there are good news about it rather than silk road and hacks and so on that would help as well.
I don't think so, but we can saw like a steam is accepted bitcoin and you don't forget the steam is having another way of their payment and in my mind, every people is having the comfortable payment for them. And I not agree, if big companies accept bitcoin and that is can lure the new person if having a comfortable payment for their body is wanna for using bitcoin.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Wind_FURY on August 11, 2016, 12:39:52 AM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

To spend bitcoins you need to earn bitcoins. All of us earn fiat in the real world from our jobs, so we spend fiat for our needs. We are ordinary people and most of us will not buy bitcoin to spend them. We buy bitcoin because it is an investment. It is the companies that are involved in bitcoin that should take the responsibility of encouraging the spending of bitcoins by having available jobs that pay in bitcoin. 


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Quantus on August 11, 2016, 01:09:20 AM
The market cap of Bitcoin is only about $10 billion USD.

More like six billion when you factor in all the missing lost coins.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Bemerand on August 11, 2016, 01:09:57 AM
Stupidest post in the forum currently


Title: Re: Let's Control the Future Value of Bitcoin
Post by: davis196 on August 11, 2016, 05:49:20 AM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

"The catalyst is you and me."Yeah,right.If i spend my 0.7 btc this will increase the bitcoin price for sure. ;D

I will never explain bitcoin to my friends and family because they will think that it`s a scam.

Big players control the btc price.You and i can`t stabilize it.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: btccashacc on August 11, 2016, 06:21:14 AM
Controlling the future of bitcoin will need some services that everyone can access in each country before we can say we can control it and make name. As long as people can keep their Bitcoin and not thinking to spend it because there's no place/site they can spend it the price will increase overtime.
Please teach me or giving me any explained for this, why just too controlling the bitcoin is needed some service, does all of it not just relied on the bitcoin users. because can making the bitcoin having the future it's because their users and giving a food for bitcoin everyday.
since bitcoin is decentralization, people will have the ultimate control over their bitcoin, no one can't controll them, that's their money, it's all up to them to spend their bitcoin or not, that's why bitcoin is too volatile, as we can see when the price is going up, there will be always many people who sell their Bitcoins in order to get profit. I would love if bitcoin's price is stable but because it is used as an investment then we will see prices down and up.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: btvGainer on August 11, 2016, 06:40:24 AM
Bitcoin is free of anyone's contol thats why we love it besides many other reasons why then even try to contol it in any manner.Even if it is price,let market set the price according to demand and supply


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Schuyler on August 11, 2016, 06:47:05 AM
Every early adopter, including me and you whoever is reading this post must do their share in making bitcoin survive for it to have more value. I agree with another poster who divides his bitcoin both for currency and investment. A 80/20 split seems to be good enough. It is not asking too much to spend a little of your bitcoins once in a while to help make its claim as currency more legit and valid.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: DOGE12321 on August 11, 2016, 09:48:59 AM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.
You have made a very good point. I believe a lot in the education of Bitcoin to the newer generation. I have tried to help share the knowledge about Bitcoin by writing in my school's newspaper.

I also believe that a very effective way to spread the word about Bitcoin is through social media.

:)


Title: Re: Let's Control the Future Value of Bitcoin
Post by: ObscureBean on August 11, 2016, 10:01:27 AM
"Let's Control the Future Value of Bitcoin" you guys should not forget that control always leads to centralization. And you should also not forget that Bitcoiners are just regular people same as government people, they are by no means immune to temptation and control is power. Once you start down that road, you'll back at square one before you know it.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Hide_ip112 on August 11, 2016, 02:35:17 PM
"Let's Control the Future Value of Bitcoin" you guys should not forget that control always leads to centralization. And you should also not forget that Bitcoiners are just regular people same as government people, they are by no means immune to temptation and control is power. Once you start down that road, you'll back at square one before you know it.

Controlling the value of bitcoin for the future, is something quite ridiculous. I see that the price of bitcoin is controlled by mining, so that all those who use the bitcoin can not do anything, they can only purchase or sell bitcoin.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: danherbias07 on August 11, 2016, 02:59:41 PM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

I always lack the way of pulling people due to my wrong first moves. Can I please borrow your good introduction? That thing about like buying early shares from Apple or IBM might get them hooked up.
I just want them to really understand what is happening and why I am so hooked in this.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: bitsoldiers on August 11, 2016, 03:12:26 PM
its will be not good if the value of bitcoin sit idle, joined hands together and work together as a team, then we can really control the value of bitcoin in the future... :-[ :-[


Title: Re: Let's Control the Future Value of Bitcoin
Post by: socks435 on August 11, 2016, 03:52:15 PM
its will be not good if the value of bitcoin sit idle, joined hands together and work together as a team, then we can really control the value of bitcoin in the future... :-[ :-[
Stick together is impossible we can control the price of bitcoin because the price of bitcoin is always depends in demand and supply but if you have a large amount of money anytime you can increase the price of bitcoin if you buy also a large amount of bitcoin...


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Jastetad on August 26, 2016, 08:07:42 AM
its will be not good if the value of bitcoin sit idle, joined hands together and work together as a team, then we can really control the value of bitcoin in the future... :-[ :-[
Stick together is impossible we can control the price of bitcoin because the price of bitcoin is always depends in demand and supply but if you have a large amount of money anytime you can increase the price of bitcoin if you buy also a large amount of bitcoin...

I think I will not buy the bitcoin with my large amount of money in one go. I will use buy it slowly and cheaply.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Antonio G. on August 26, 2016, 09:45:56 AM
We cannot control the bitcoin price at all. What we need to do is just develop the bitcoin and the price will rise as a result.

I think you're absolutely right. Bitcoin is so young, in the future it will be more stable


Title: Re: Let's Control the Future Value of Bitcoin
Post by: mk4 on August 26, 2016, 09:50:56 AM
I think one of the best ways to make Bitcoin rise in price is for someone to develop a good project for people to have a reason to use Bitcoins. One good example for this is Megaupload2.0 (if successful).


Title: Re: Let's Control the Future Value of Bitcoin
Post by: electronicash on August 26, 2016, 10:02:22 AM
The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!


The value of bitcoin will soon RISE, this is where the future is going after all the future involves the internet. but like you said its a good thing. You can't hurry things for now. people are going to spend what they will spend and hoarders will hoard for profit.  This is what goes on even with fiat.

Crypto currencies will soon be known by regular users this is inevitable.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: btvGainer on August 26, 2016, 10:10:21 AM
To raise the price everyone would theoretically just need to hold their coins but unfortunately the chances of doing that are slim.  The only way we can raise price is by buying and holding plus new investors.
Holding by everyone will also cause bitcoin to die.Bitcoin is a currency if we dont use it for paying for services,buying products etc,it will lose its value laying idle in our wallets.I think the only way to increase bitcoin value is to increase its demand which is only possible when everyone start using bitcoin


Title: Re: Let's Control the Future Value of Bitcoin
Post by: xuan87 on August 26, 2016, 10:32:47 AM
To raise the price everyone would theoretically just need to hold their coins but unfortunately the chances of doing that are slim.  The only way we can raise price is by buying and holding plus new investors.
Holding by everyone will also cause bitcoin to die.Bitcoin is a currency if we dont use it for paying for services,buying products etc,it will lose its value laying idle in our wallets.I think the only way to increase bitcoin value is to increase its demand which is only possible when everyone start using bitcoin

Yes its totally true, we need to have bitcoin transaction everyday to stabilize the bitcoin price, by holding bitcoin too long it will cause the cashflow to stagnant, if the flow is stagnant it will cause price volatility and for long term it will kill bitcoin, so we need help from every user to be active to earn and to spend and also bitcoin need to advertise, more famous the coin is, more people will use it, it will help bitcoin to exist longer


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Denker on August 26, 2016, 11:19:08 AM
I think one of the best ways to make Bitcoin rise in price is for someone to develop a good project for people to have a reason to use Bitcoins. One good example for this is Megaupload2.0 (if successful).

No Megaupload 2.0 will be a failure!
And Bitcoin is not dependent on such project becoming more used or not.
Bitcoin itself is the project.And right now we are on a good path.If you follow the roap map of coming implementations and features you know what I'm talking about.
Sure the more services accept Bitcoin the more it will get used. But this is only going to happen when Bitcoin itself improves in terms of ease of use, speed and size.This however needs some time and patience.Rushing will not help!


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Bemerand on August 26, 2016, 01:00:36 PM
When block size problem is solved and bitcoin community can promote bitcoin to mainstream people/media, bitcoin will be more popular and it's value will be higher.
We should promote about bitcoin to other people and convince companies/merchants to use bitcoin as well :)

Also, don't do any illegal activities with bitcoin because media loves to share bad things which involved bitcoin.
Do whatever you want with bitcoin and fuck the media is my take and should be yours too.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: lister storm on August 26, 2016, 01:33:33 PM
Bitcoin is free of anyone's contol thats why we love it besides many other reasons why then even try to contol it in any manner.Even if it is price,let market set the price according to demand and supply
thats true, no one can just control bitcoins and it is a really good thing to be honest, in my opinion thats why bitcoin is so great right now and grows so fast


Title: Re: Let's Control the Future Value of Bitcoin
Post by: lumeire on August 26, 2016, 02:40:43 PM
Bitcoin is free of anyone's contol thats why we love it besides many other reasons why then even try to contol it in any manner.Even if it is price,let market set the price according to demand and supply
thats true, no one can just control bitcoins and it is a really good thing to be honest, in my opinion thats why bitcoin is so great right now and grows so fast

No exactly true. I know for a fact that there are people with very huge stashes of BTCBTCBTC that if they sold it all in one go it would exceed the market buffer and it'll take time to recover. In the worst case, it might not even recover.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: rababo on August 26, 2016, 03:56:26 PM
Bitcoin is free of anyone's contol thats why we love it besides many other reasons why then even try to contol it in any manner.Even if it is price,let market set the price according to demand and supply
thats true, no one can just control bitcoins and it is a really good thing to be honest, in my opinion

 thats why bitcoin is so great right now and grows so fast

No exactly true. I know for a fact that there are people with very huge stashes of BTCBTCBTC that if they sold it all in one go it would exceed the market buffer and it'll take time to recover. In the worst case, it might not even recover.

Yeah, those people who have a lot of bitcoin might have power to affect bitcoin market. If those people dump their bitcoin, the bitcoin market will crashed, and people will lost interest to bitcoin because it's value is very low. But some people might to stay, waiting the market to recover.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Gahs on August 27, 2016, 01:23:25 PM
Now why would anyone want the price of bitcoin to go down? Even bitcoin holders will not want to dump their coins because a fall in price is not in their best interest.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: QuestionAuthority on August 27, 2016, 02:26:56 PM
I don't think bitcoiners are interested in this.

The master plan is to buy, mine or earn btc with a sig campaign.

Hold them forever to make sure businesses that currently accept Bitcoin stop accepting them because no one spends them.

Make sure no new businesses start accepting btc by never spending them.

Allow altcoins and private companies to design competition for Bitcoin that leaps them ahead of Bitcoin.

Allow forex traders and the every four year reward drop to very, very, very slowly increase the exchange rate.

Sell them seventy five years from now when they're worth $1,000 each.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: marketone on August 27, 2016, 02:30:26 PM
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Natlind on August 27, 2016, 02:39:18 PM
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
As the price of bitcoin is really low now, its a good idea to buy the bitcoins and save them for future benefits and profits. I have bought some bitcoins and they lying in my wallet now. I am saving it to see a good turn over either in the end of this year or in the beginning of next year.  Lets wish to have a good increase.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: MingLee on August 27, 2016, 02:50:27 PM
Buying right now probably isn't a bad choice, however the trend isn't showing a buywall at any point right here so it might go down a bit more for a bit longer, which is definitely when buying and holding would be one of the best courses of action. I personally would more than likely wait a bit longer (and I currently am waiting) to see where the value goes, and then I might buy a considerable amount.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: MFahad on August 27, 2016, 02:57:14 PM
Does it work as you say? Because i don't think that anyone can control it. But thats all your opinion and i respected it, but it is true, we use bitcoin because it is a free hand and we believe no one can handle it. Also in Bitcointalk i don't think any one is with you.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: amacar2 on August 27, 2016, 03:08:26 PM
Now why would anyone want the price of bitcoin to go down? Even bitcoin holders will not want to dump their coins because a fall in price is not in their best interest.
Usually market manipulaters and bitcoin whales try to swing the price over small range for longer term so that they can day trade and earn decent daily profit out of it. Thats why there are some/day traders who like to make a little dump on price everyday to buy back cheap again.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: iv4n on August 27, 2016, 03:15:25 PM
I'm doing both things, spent coins and teach others about bitcoin. But i doubt we can control price with these to things, first some big player can enter in the game and beat us all. Other reasons why this can't work is other altcoins, if this is possible everyone would rise price of his own alt.
Price is determined, and if someone keep coins while we spending and buying and spending and in one moment he get rid of his coins price will drop significantly.
Just you and me can't control value of bitcoins in the future, to many things can make us fall down.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: serjent05 on August 27, 2016, 04:50:37 PM
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.

Buying if you don't  have accumulated enough is one good reason to buy, Some who holds thinks they have enough and I myself never consider them weak hands because they are ther for a long run.  But I think the best option for now is to use it on profit generating venture, trade it or use it where it can generate more.  Simply buying them will only limit your capacity to acquire more while using it on a profit generating venture can make you acquire more than you can imagine.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: jak3 on August 27, 2016, 04:56:06 PM
I am following this stratgy from 1year now i don't actully knows that it works or not but i have taught many users about cryptocurrencys and they   are earning now which is good


Title: Re: Let's Control the Future Value of Bitcoin
Post by: marketone on August 27, 2016, 06:37:21 PM
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.
As the price of bitcoin is really low now, its a good idea to buy the bitcoins and save them for future benefits and profits. I have bought some bitcoins and they lying in my wallet now. I am saving it to see a good turn over either in the end of this year or in the beginning of next year.  Lets wish to have a good increase.
Only problem I can see in doing that is the thought that we all have of having money or in this case bitcoin sitting idle and we are not using it to enjoy ourselves with this get currency. :-\


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Jastetad on October 04, 2016, 06:03:04 PM
I for one think that buying is the correct choice right now because just holding is for weak hands.
I see bitcoin as a future investment and can only go up and increase it's stake and not decrease even if you see it come down a little bit. That is only slightly compared to the big picture what is to come in the future.

Buying if you don't  have accumulated enough is one good reason to buy, Some who holds thinks they have enough and I myself never consider them weak hands because they are ther for a long run.  But I think the best option for now is to use it on profit generating venture, trade it or use it where it can generate more.  Simply buying them will only limit your capacity to acquire more while using it on a profit generating venture can make you acquire more than you can imagine.

That is true. I think if you do not have bitcoin as 1% of your personal wealth, it is better to buy some.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: mastica on October 04, 2016, 06:18:56 PM
I doubt there is a big group that is buying and holding their coins the last 750 dollars value bitcoin reached before the halving several people made 3x their investment, and bitcoin is about those small opportunities to make profit. Only the big miners and some people are able to save their coins, waiting the magic numbers of 1000 dollars again, and they are paying their cost with fiat while they accumulate more bitcoins, at 2039, 97% bitcoins will be mined, soo expect to the market start trade their coins at those year not just a portion like happens now.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Hellacopter on October 04, 2016, 06:25:14 PM
I agree with the second point especially, which talk about educate others about Bitcoin and spreading the word about Bitcoin. I believe this could really help not only Bitcoin but also the whole crypto currency market


Title: Re: Let's Control the Future Value of Bitcoin
Post by: lionheart78 on October 04, 2016, 06:51:53 PM
I agree with the second point especially, which talk about educate others about Bitcoin and spreading the word about Bitcoin. I believe this could really help not only Bitcoin but also the whole crypto currency market

Well educating people with bitcoin is the next step in conquering their mind.  If  we  are able to tell and show them a real fact about bitcoin and how they can improve their status either financially or socially with bitcoin, maybe they will start accepting bitcoin and supporting  it too.  and some of these new comers will play aggressively just to influence their circle to also adopt bitcoin.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Milkduds on October 04, 2016, 07:14:52 PM
The recent economic events that have impacted the trade value of bitcoin are irrelevant. Brexit? New president? Halving? None of these events actually matter in determining the value of bitcoin since they are just headlines. The market cap of Bitcoin is only about $10 billion USD. That is as much money as a mid-level U.S. finance, insurance, or real estate company manages. In other words, bitcoin is not even on the financial map, which is actually a good thing!

Bitcoin needs a catalyst. That catalyst is you and me. So, we need to do two things:

1. Spend bitcoin: Holding bitcoin is an awesome passive investment strategy, especially for those who purchased sub $250. However, taking an active approach will help stabilize at $1000, which is honestly what everyone is looking forward to. If early adopters hold the majority of bitcoin then no one else can use it whether they want to or not. This means it would not be of value in the long term since there is no established barometer of what it could potentially be worth in exchange of consumer good and services. This leads us to the next point of getting late adopters to understand why and how to use bitcoin as a method of payment.

2. Educate others about bitcoin: When I explain bitcoin to friends and family I refer to it as "internet money". They ask, "Like Paypal?" and I say, "Very similar, but more like buying early shares of Apple or IBM because it appreciates at a higher rate than the dollar." This has been a useful conversation starter and influenced a few colleagues enough to at least open up a Coinbase account.

There is no need for more (or less) regulation as the status quo of decentralized currency is now a proven concept.

These two things are missing one most crucial step that bitcoin is lacking in right now. That is innovation,bringing new products that support or boost bitcoin. We have a real issue with copy cat of anything that potential can spin profit and we saturate the field with faucets,poker sites and whatever easy to set up but hard to establish businesses you can think of.
With out innovation bitcoin will become pigeonholed and easier to pick off with exchanges,darknet and gambling holding it up.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Cereberus on October 04, 2016, 08:04:08 PM
What OP is asking is against the first and foremost principle of bitcoin. Bitcoin is decentralized meaning no central authority like the Federal Reserve does with the dollars can do with Bitcoin.

If we start to control bitcoin just like the Federal Reserve does with the dollar then bitcoin will be abandoned by many users. I don't want anyone to tell me what to do in the bitcoin world, I know very well what to do and not do and don't need such commands even if it's for raising the value of bitcoin through controlling it.

I am sure more than 80% of the forum will agree with me, we don't need centralization (although you may disguise it as something to control the value of bitcoin).


Title: Re: Let's Control the Future Value of Bitcoin
Post by: mace15 on October 05, 2016, 06:26:26 AM
We can control the future value of bitcoin. Through holding
coins, continously buying bitcoin, educate other people to
enter the world of bitcoin. These things can hold the future
of bitcoin. If other users will continously holding bitcoins,
definitely we will get what we expect in.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Supercrypt on October 05, 2016, 07:28:29 AM
What OP is asking is against the first and foremost principle of bitcoin. Bitcoin is decentralized meaning no central authority like the Federal Reserve does with the dollars can do with Bitcoin.

If we start to control bitcoin just like the Federal Reserve does with the dollar then bitcoin will be abandoned by many users. I don't want anyone to tell me what to do in the bitcoin world, I know very well what to do and not do and don't need such commands even if it's for raising the value of bitcoin through controlling it.

I am sure more than 80% of the forum will agree with me, we don't need centralization (although you may disguise it as something to control the value of bitcoin).
OP is just talking about what we are already doing : spreading awareness on bitcoin system.

Like one company's product, no one could control the price of bitcoin as it is highly bind with supply and demand as per the basic principles of economics. But, we have all the rights and possibilities to induce the demands by whatever tactics we are having to do the same.

I believe, OP means only this.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: croutonhexagon on October 05, 2016, 07:31:44 AM
Can we control the future of bitcoin?
Already China is ruling the bitcoin world so I think we can control bitcoin. Invest invest invest huge amount and then you will have lot of bitcoin and then market price will definitely rise and then you should sell all the bitcoin. Do it's in your hands if you have money.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: requester on October 05, 2016, 08:48:51 AM
Yes we can control bitcoin if we have money to invest. Buy lot of bitcoin and change the market of bitcoin. Then definitely bitcoin price will reach about 2 3 fold because then market would have very less bitcoin and demand will be more. If i were a billionaire then i would buy whole bitcoin and change the bitcoin world. But unfortunately I don't have that much amount. Wish I will have  a billion $ in near future and then I will change the bitcoin history.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: bitbunnny on October 05, 2016, 08:55:13 AM
Isn't it the whole point of Bitcoin not to be controled? That also means not to manipulate with the price either. If the control would exist then the Bitcoin wouldn't differ from any other currency in the world and I don't think that the users will be happy with this, they would just abandon it.


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Indrawan77 on October 05, 2016, 12:21:02 PM
We still need to introduce and advertise people to used bitcoin, more user it's mean bitcoin will become more valuable, and the user need to spend bitcoin in positive way, if they spend bitcoin for illegal things,it will makes bitcoin become weak, this is not the spending type we want


Title: Re: Let's Control the Future Value of Bitcoin
Post by: Natlind on October 09, 2016, 11:29:13 PM
As the price of bitcoin is increasing now now, its a good idea to buy the bitcoins and save them for future benefits and profits. I have bought some bitcoins and they lying in my wallet now. I am saving it to see a good turn over either in the end of this year or in the beginning of next year.  Lets wish to have a good increase.