Bitcoin Forum

Hi! I know this might sound obvious to anyone but I really want to know in what way we can do our share to bitcoin to prevent it from crashing. I am still a Jr. Member and I still don't know everything about bitcoin that's why I am asking some help.
 Almost all of us have high hopes that someday we will rejoice with bitcoin so altogether we must do our fair share in order bitcoin to survive.

Buy a lot of Bitcoin and use it to buy things. Those two are enough. If you want to take an extra step, do work for Bitcoins, build services around it and teach others on how to use it.

Spreading it reach more users around the world as well using it same as the fiat we use is the best way. One more thing, we're no more needed to think about the crash, because price crash is quite common and with regards to the adoption the growth will be tremendous.

Holding and evangelizing other people.

The currency needs to circulate. So just HODLing it is not enough. Try to pay with bitcoins when there is option, especially the online purchases. It might seem stupid because bitcoin is growing so you don't want to spend it. But I suggest you to still pay some things with bitcoin and when you pay for them, buy those bitcoins back with fiat. So you will always keep the same amount of bitcoins or even increase it.
One problem is that few hundred people, so not that many people, own half of all bitcoins. This means if they decide to dump them, the price will drop massively. However this is unlikely. In case it happens, you sould still HODL no matter what and buy some more when the price is low. This way, the price will start increasing again.

You first have to distinguish a crash from a correction.
You can't prevent a correction no matter what you do. Every market price moves in waves and after a rapid growth there has to be a correction. People lose confidence after a while and are looking to take profit.
To prevent a crash acceptance of Bitcoin has to continue. I've read that Vietnam will accept it next year. If it goes well other countries will follow and we won't have big crashes ever again.

Usually the obvious answer is the right one.

BUY and HODL. If you ever sell you just cost yourself future money. Way to go.

I think the fact that it is spreading and it is being used as a daily currency will keep making it soar. Now people are doing jobs and getting paid in bitcoin, people are believing and buying more and while there are plenty people hoarding, there are also plenty people looking to get, hence the increase in value as a result of the high demand. Once we keep this going on, I see no reason why it will ever crash.

This is the best way to prevent Bitcoin from crashing, inspiring more people to start using Bitcoin, help the Bitcoin adoption grow by telling your friends, your parents, your relatives, your acknowledges about the benefits when using Bitcoins to make online deals or to store wealthy. Bitcoin price just doesn't crash if we keep the demand high, we need balance between sellers and buyers.

Do not look at crashing as a problem, use it as an opportunity to buy more.
Buy low, sell high. Bitcoin always goes up again, no need to panic.

Use it, enjoy it, save it and share your knowledge to other people.

To help bitcoin to be always number one in crypto world, we can just support it. I mean, buying and using bitcoin continuously, using bitcoin everyday is good enough for it. Also, we can spend times to share our knowledge about bitcoin to others, and try to make them join this community, when this community will be more larger, bitcoin will be more powerful, and this is amazing.

By being involved with Bitcoin you ensure that it will not crash.
There's really nothing else to do besides holding and using it, and hoping to overcome the issues it's currently facing such as scalability.

Holding bitcoin and the need for it (spread community) prevents bitcoin from crashing.

The best way to keep it from crashing is to used it but it cant be done by alone unless you are a whale so you need to asked a lot of people to used bitcoin the more person you asked to used bitcoin, the less percentage it will crashed

Those who hold a very small amount of bitcoin wont have control on the crashing events of bitcoin. The ones that are responsible for this are the big holders of bitcoins specifically the whales. They can have a big impact on the changes of price of bitcoin. And we have also that assurance that bitcoin will soar. Even if it crash, it will bounce back again.

I wouldn't worry about it. Bitcoin is clearly seeing considerable levels of adoption. And investors continue to support higher prices year after year. Will the price correct, and will top buyers feel pain from investment losses in the future? Of course! Remember 2014-2015, when Bitcoin's death was proclaimed many times? Well, look at us now.

This continued trajectory is expected as long as Bitcoin's network continues to grow. Looking around at all the new users, the burgeoning altcoin sector, the maturing infrastructure and increasing attention from governments and mainstream populations, I expect it to continue.

An existential protocol flaw could surely threaten that, but there's no way to plan for that, and no good reason to expect it.


I'm pretty sure that Satoshi acknowledged that if BTC caught on in a big way, that they would be worth millions each. How could you expect people not to see that as an investment opportunity? I hear you, though. It's tough to see the old hands getting drowned out by the investor class, who largely doesn't understand or care about decentralization.

The problem bitcoin has at the moment is its deflationary. Therefore it does not work well as a currency, but certainly works well as a store of wealth.

I think long term it will be seen as a digitial store of wealth, thats what will prevent it from crashing.

Even if many people use it, and the price continues to rise, the temptation of profit are still there, people will be selling off their bitcoin and it will be starting to crash again. Bitcoin is volatile so we do not need to worry about this things. It is normal for this digital currency to rise and to fall.

I'm scared about the idea that Bitmain is holding a huge amount of BTC which they mined in the early years of ASIC mining equipment and that they will sell all their BTC at once, causing the most fatal crash in the complete history of BTC.

That would not be in their interest. If they have a very large amount they simply cannot sell them all at once, who would be all the buyers?

Look into investing it in tether. That hedges your bitcoin amount and stores it at a dollar value instead. If the price falls, then you can buy more number of bitcoins and at the same time save your value in dollar. But if it goes, then you will lose any potential profits.

I dont think teather will appeal to the speculators!

You can't prevent bitcoin if it is time for it to crashed. But as long as the interest of the community of crypto currency users is still with bitcoin and profits are still possible. It will be hard but possible to crashed soon. So don't worry much, enjoy it as it is for as long as it still available and useful.

Maybe one day they'll quit producing ASICS and they want to "cash out" and they're going to live the rest of their life (and the kids of their kids probably too) as millionaires.
They could dump their BTC for 3/4 or 1/2 of the price and everyone will buy it like a fool because it's the lowest price for a long time.
At that point in time, BTC may be established everywhere in the world and they would be sure that BTC will recover even after dumping a huge load.

Yes, more likely is that they will slowly start selling off their bitcoin, if not already done. Plus if they have a good business model why change? They are moving into Litecoin and Dash now.

It's nearly suspicious how the announcement of the D3, Bitmains X11 Miner for Dash, come along with a huge increase in the price of Dash. It doubled in the last months.
Maybe they'll announce an insane BTC ASIC which will lead to an increase in the BTC price.

I win either way. Either I get another chance to buy some cheap coins, or I get to watch my net worth go to the moon.

I guess to prevent bitcoin falls, this will not likely be in barring because bitcoin declined adjust market competition so that more investors need it but for the benefit of users of crypto currency still with bitcoin with profit still may, so that it will be difficult will likely to fall soon. We better enjoy it as long as it is still available and useful :D ;)

What we can do now is. Do not sell our bitcoins to keep prices up. And because of that, the price of btc will not fall

There is not so much you can do. Maybe hold it and spend it and not sell it for currency. I'd people sell it for currency that is like dumping the price will decrease.

We can't do anything to prevent bitcoin from crashing because bitcoin is a free market and it cannot be dictated by someone to prevent from crashing. Bitcoin only rely on the demand of the people in the market so it is better to just have a plan in bitcoin so we can be almost safe from losing money and we need to put a target price to escape for the possible lose of price crash.

Actually, you can't do anything if there is a fall not unless you're a whale itself or you're a member of whale group. The only thing you can do with it is, just don't panic if there is a fall because it might get the situation even worst. Stay calm, believe in btc, and hold.

Looking beyond bitcoin and supporting the decentralized concepts of management, government, finance and overall resource management.
Bitcoin is a major component of the big change picture. As the big changes occur bitcoin will indeed become stronger and more integrated in the cultural evolution to replace central government.
Realizing that current centralized government is a failure.

Bitcoin is but a tool to make this social/cultural revolution/evolution a reality.

We simply need to keep the systems of fear/warmongering  and global banking fraud are kept in check, embrace the decentalized global possibilties of the blockchain systems of accoutability

My 2 cents from a old craps shooter...

We are all hoping that bitcoin will continue to rise up in value that's why we should do our share in making this possible which is to spread awareness to other people about the existence of it. Since bitcoin is not yet that known then you can start with your family and friends to introduce it to them and maybe some of them maybe interested to invest into it thus adding more demand.

Somehow we are afraid that bitcoin might crash because we have high hopes of it but then if we continue using it, buying and selling then the interest of people into it will not waver and demand will just continue and if there are no unexpected events that will happen that may negatively affect the coin then the possibility of it crashing is highly unlikely.

i guess keep buying and saving bitcoin and educate other people who doesn't have a clue what it is by telling them how it works, and how you can profit from it, it won't be easy but if you support and you want bitcoin to succeed you can always try, i did tell a families, friends and colleagues about bitcoin, some of them already investing on bitcoin and some are still skeptic about bitcoin, still happy that some of the people i told what bitcoin is all about did in fact invest to it and happy that they discover bitcoin.

Fir me, the way we can help to prevent Bitcoin from crushing is advertising it and sharing our knowledge to other people about Bitcoin. By doing it, there can be increase in demand and also will help the price increase. Also, buy buying more Bitcoin can help. Let's do what we can to always help Bitcoin.

You are a Junior member and even when you become a legendary member you won't be able to anything lol. This forum doesn't control Bitcoins, it's only a place to exchange information and learn and earn. While as a individual there nothing much one can do, you can do is promote it with your friends, family and make sure people use Bitcoins for transactions, more the and less the supply will get us high prices, it will further gain momentum if your country adopts it faster.

Actually this is no longer necessary to think about, the accident is common. The spread to survive has been done, do not be afraid bitcoin will not go extinct. Many of which bitcoin predictions will last for several years. Believe bitcoin one of the economic drivers of some countries so logically bitcoin will never be extinct. Although he is extinct there are many alternative coin that can replace bitcoin so not just the current bitcoin which is excellent.

As for me my own way in preventing bitcoin from crashing is to support it by using it as a payment platform in every aspect in my internet as long as it is payable by bitcoin because in this way we can contribute little by little in bitcoin's economy.

And most importantly is trust, if bitcoin's price goes down just stay put and relax because it is normal with every market because I know and trust that bitcoin will grow continiously.

buy and hold it for long periods of time. It will avoid you in bitcoin crashes. Try to keep hold and do not be tempted by the slight price increase. because I'm sure bitcoin will continue to increase in its use and even its price.

Thank you guys for answering my question. You all made it clear to me now. So let's all spread it to the world the use and benefits of bitcoin!:) Still, Law of Supply and demand always prevails. May bitcoin survive for longest time possible!:)
GOD BLESS US ALL

Crashing happens in all aspects of any market (not only crypto), learn how to trade it properly. Its not going to 0 like all these people fear.

Short answer is support, in terms of price. You may need billions for buy support especially at $4000 range without this support price may easily go down. I think the development is still in good poise however they are corruptible and government may use them to stir the development path on their agenda. Remember that price and development are not the same thing.

Really there is hardly anything we can do to stop it from dropping in price because its by default that will happen but what we can do something about is not letting it result into a crash which is why we should not give in to panic decision making activities by engaging in massive offload of our wallets. With this we are sure to be back on track.

The Economy has its ways, all things that go up at some moment have to decrease some day. You can not do many things to prevent this to happen unless you have too much money to spent (like many billions of dollars). In case you have this money, when the bitcoin will crash it is simple: invest your billions of dollars in buying bitcoin at that moment.
 

By buying bitcoin and introducing this to your friends and family this would help to increase the demands of bitcoin. But for now I don't see it will crash since bitcoin is becoming well known and most used by other people. And mostly the demand is increasing as the value is going up.

Since bitcoin is a currency. I suggest that advertise it, because the more people will use bitcoin, the less probability it may crush. Another reason for this is that if many people depends on bitcoin it is less likely to crush.

we need to do a lot of work to introduce bitcoin and spread into many people so bitcoin will be know as a new way and new technologies that can help them and us to make money. although there is many people still don't believe in bitcoin, but i am sure that we can found other people which want to join bitcoin and use bitcoin. there is still many people out there that need help to make their life better and if we can help them then it will be good for them and us too. i wish bitcoin will be spread to the world like your hope.

Yes, we must altogether help advertise and spread bitcoin even in our own circle of friends and families. Do not just hold bitcoins you have but use it also in buying online and paying bills. Once you have the same amount of fiat, buy equivalent amount of bitcoin as replacement. Yes, OP is right, Law of supply and demand will always be the law. I hope the whales out there will not just dump their bitcoins all at once to save us all.

Bitcoin will survive as long as we use it, for no matter what. Some people in this thread are talking about holding, saving is good but economy will grow just if we use bitcoin more then we save it. One part of my profit and earning is going back into crypto world, some parts in gambling, some in altcoins and icos, but one part is going to safe place for saving.
If whales dupm all their coins it will be tricky, cashing out can be dangerous for bitcoins I fear a bit from that too.
I agree too about sharing knowledge about bitcoin to people who never heard about it, in that wat we help bitcoin to spread across the world and with using bitcoins we are making bitcoin stronger.

What i am doing personally to prevent bitcoin from going down is to always talk about his good stories in order to keep a good image at the head of people who don't use bitcoin yet and also consider the bad stories like 1st august like an Exception that would never happen again.

imho if they decide to sell, they won't sell it all at once. They would sell it few at a time over six months period. I'm not saying that' exactly how they would do it but that would be the smart way to do it unless they wanna lose money.

It's not up to us or poor people like us. It's completely up to the whales carrying tons of bitcoins in their wallets. If they deserve a market crash, it happens in a blink of an eye. We're able to prevent bitcoin from getting damaged by a market crash.

Whales are trader never sell all their Bitcoin in once, they are understand the benefit from hold Bitcoin in long term and with the momentum growth in this year, why they need decide sell all it? So, they will sell their Bitcoin with small amount enough for their needs and take profit all before breakdown buuble Bitcoin. ;D

You cannot do anything as bitcoin is decentralized which means it has no central authority to dictate to it what to do. I know that there are the whales in trading that usually manipulate the price but lately they have been quiet and have not done a lot to make the price of bitcoin crash. Bitcoin has been stable in the upper level of the prices and I don't think it will go down for the short term, for the longer term we don't know how it will go but I hope on the upper side.

First of all, Bitcoin is not going to crash. Well, at least I don’t see it crashing in the near future. Do you know what the purpose of a deflationary currency is? Do you even know that Bitcoin is a deflationary currency? Well even if you do I’ll just summarise the basic concept behind a deflationary currency. Google define deflation as: “When the overall price level decreases so that inflation rate becomes negative, it is called deflation.” Basically negative inflation. In other words, the actual value of any currency increases. This happens when the actual supply of the currency (the coins in the case of Bitcoin) decreases. Thus supply is decreased and price increases. So Bitcoin price will almost definitely continue to rise in price even if the demand for Bitcoin remains the same. So in order for Bitcoin to crash, there needs to be a massive reduction in price. But to help Bitcoin spread and prosper, all that we need to do is spread word about it. Tell it to a friend or family. Get more people to use it. Bitcoin will prosper by itself if it has such support from this community.

I really dont think that bitcoin will crash. But since youre asking a prevention, why dont us, bitcoin users advertise it more to those who are non-users. In that case, they'll be more encourage to become bitcoin users too. That will prevent bitcoin from crashing I think.

Well the only way to make sure Bitcoin doesn't crash anytime soon is to support it. Support bitcoin through using it for everyday things, such has buying stuff online and using Bitcoin for whatever in real life purchases you can make using Bitcoin.

I don't think Bitcoin will crash soon though, support for it has been growing ever since the huge pump to 4k and it looks like support will continue to grow.

Bitcoins are rising due to consumer demand. If it is reduced or no buyer will be able to stabilize its price and slowly decrease. But since it flactuating it may fall or rise for just a few hours. To prevent the bitcoins crashes is to  only buy them.

Bitcoin can die but we can save it, bitcoin can save only if we, we the person do not agree and fight for bitcoin, for our bitcoin.

Actually I think the best way to keep bitcoin increasing is not to sell the coins you already have.
Shorten the supply for the other people and you will have your coins grow in price.
Of cours, the other people should think the same way.
To me, I am only giving away coins if I really have to.

In my opinion, it's the exchanges that keeps bitcoin price soar. So if we continue to Buy and use it as payment in buying things it will continue to be in demand and in limited stock that is why prices are as high as ever. More and more people are adopting it.

I think people should hold the bitcoins for longer time instead of booking short term profit. People should not panic in case of negative news regarding cryptos; they should trust the bitcoins. Then there will be less correction and the price will be more stable.

Bitcoin is PURELY based on demand and offer, the reason the price is rising and not crashing in the same time that people believe in it's value and buy it and the buyer/seller balance is in favor of buying.
Stocks are priced in exactly the same way, althogh the amount of yearly profit impact the price movement, but the stock market is still purely depend on offer and demand, so it's isn't special for bitcoin, but for freely priced items for sale in general.

Bitcoins depend on the market, demand and supply ratio but probably with some speculations some big players and whales could influence the price. But there are no methods for ordinary users to prevent crash if the market causes it. You just can watch for the tendencies and then react on time to prevent losing money.

i think bitcoin will not crash because bitcoin is continuously spreading and it is being popular. Bitcoin is being use to pay on any establishment in other country so that as long as people embracing bitcoin it will not crash. And also bitcoin exists because the people support it and maybe someday it will be used as normal currency just like fiat today.

Theoretically, you can buy a huge number of Bitcoins and regulate market supply to prevent Bitcoin price crash. However, that will not work all the time.

So now coming to a more practical solution, I think we as a community can build awareness about Bitcoin. We have seen a crash in the pre-fork period which was the worst example of panic selling. I won't criticize those who cashed out during that period but most of them were victims of panic selling wave and were selling their holdings just because the next guy is selling it. The improved average maturity of the users would definitely help Bitcoin to be less volatile.

If bitcoin is crashing it means people are selling because they think the price if going to be lower.
Translated in people losing confidence.

Devising methods to keep this from happening means transforming bitcoin in fiat with fixed value.
Also it means we have f word the greatest thing about BTC.
Is this really up to debate?
How do we fix prices?

I think that spreading the word about it is even more important. The more the merrier ;-)

The price of bitcoin depends on supply and demand and if it is crashing it means that people are either shifting towards other crypto or the supply is more than demand. To prevent it from crashing we should focus towards mass adaption through which there would not be market manipulation from some whales and bitcoin price will become stable.

There is nothing much you have to do,  Just create a website where people can get amazon Gift Card with bitcoin, or buy some products too. Another thing is that everyone should keep on investing into bitcoin. Nothing else to say, I believe these two things are enough.