Bitcoin Forum

I think that the prices of bitcoin need a strategy from investors and traders & devlopers & companie

for example: - like mid 2017 When top exchanges imposed very strong restrictions to all deposit.
- creat special box loan fund (1 - 10 percent profit after 6 month & 0.01 percent profit after 1 month in top and trust exchange like binance , bitfinex , bittrex ) and that will encourage investor for holding their bitcoin with profit(  imagine if people invest about 1000000 btc for 6 moth and they can't desactive investement before 6 month.that can make price in stability and  bitcoin will gain time to 2020 and circulation of bitcoin will drop little)
- max sell in exchange is 1 bitcoin per day , without multiple acount (this is good way!) , there is no max buy
-dont allow mtgox and whale to sell their bitcoin in exchange.
- exchange print tusd and usdt (loan bank )

 
  No ! markets don't work  this way, you can't make people buy then keep them from selling what they bought.

 most trades are done on OTC market, tens of thousands of bitcoins are being sold / bought daily off exchanges, there is nothing you can do to a huge farm in china when they want to sell their BTC.

after all , price is always driven by supply and demand, you might want to see bitcoin trading at 10k tomorrow, but are you willing to pay 9k for bitcoin now? indeed not.

bitcoin is way to far from real adoption, don't listen to the moon boys who say that in 10 years all banks will close their doors and everyone and their mother will use bitcoin.

at the moment bitcoin is more or less nothing but a money making tool , at least 90% of people buy it now to sell it for higher (in fiat) sometime in the future.

therefore the only reason the price is going to rise is when investors believe that what they pay now is lower than what they can sell it for a few months / years later.

You are true, price depends on supply/demand and in bitcoin's situation, on last buyer. So OP are you willing to pay huge price in bitcoin? No, you want to buy in cheap price and sell in high price, that's what 100% of people want to do, so it's hard to raise bitcoin's price but that will happen in 1-2 year. mikeywith also I can't agree you when you say not listen to moon guys because that moon guys were ones who were saying bitcoin would reach 20K by the end of year when price was 600$ and seems they werr right, sometimes they have huge fantasies but usually are right.

Want bitcoin to grow? Here is a strategy...

- Buy coins
- Show others you are buying
- Promote the use of bitcoin
- Invest or support the bitcoin infrastructure

You might get others aboard....

.... I think I smell greed ...  ;)

In order to raise bitcoin price everyone has to work together and promote bitcoin for what it is and right now that's not happening. Bitcoin price cannot change overnight and we have to understand that it takes time but if we don't do anything to help it then the price is never going to increase. If people are not promoting bitcoin then don't expect companies to start wasting their money in advertising bitcoin.

Well, that's pretty much just trying to manipulate the markets in bitcoin's favor. It's really not better than vice versa. If you're going to take away free markets, then you're doomed to fail.

What's wrong with waiting for bitcoin to organically rise in price?

OP, that's just an attempt at controlling an uncontrollable market. The whales run this show. You are along for the ride. Unless you have thousands of bitcoins and know what to do with them, it will be very, very, very hard to make any impact in the price of the markets. The only real way is mass adoption and people actually holding long term and refusing to sell. Adding a max sale amount to any exchange would just create a horrid user experience. Your suggestions go against everything bitcoin stands for.

We have to wait to get a satisfying result. when we only hope we won't get anything.
Market is always changing all the time and only people who have thousands of bitcoin can make changes.
This is a law in the economic system, no one can change except us together to make changes !!!

Hi there! Bitcoin is one of the most beautiful things that happened in the world. In order to make the price of bitcoin to rise. You should always use it in our daily lives. So if you want to buy something use bitcoin.

the only way for bitcoin price to truly rise is when its adoption grows, nothing else works. any other weird thing you try may work short term (like how altcoin pump and dumps are) but in the long run these things can not be sustained and will fail and all the gains would vanish.
this is actually why bitcoin price continues to rise even after 10 years of rising!

to be honest these two don't even make sense, specially the second one since it sounds like you want fake money be printed and injected in bitcoin to raise its price but you forget that it can crash just as easily and you also forget a more important thing that people aren't going to use these tokens to buy bitcoin, they will continue using their fiat to buy bitcoin.

you can't put this kind of silly restrictions on the market. it needs to remain a free market. besides the coins like mtgox coins need to enter circulating as fast and easy as possible so that we can have a better distribution of bitcoin.
ps. mtgox had nothing to do with the 2018 drop!

exchanges won't collude to prop the price up. they have incentive to undercut one another to generate more trading commissions. if one exchange limits the amount of selling, others will step in to take their business.

even if exchanges were willing to engage in this behavior, a gap would just develop between "the real price" (which buyers pay OTC and p2p) and "the fake price" listed on exchanges because they won't allow sellers into the market.

if sellers can't liquidate on exchanges, they will liquidate OTC/p2p and that will pressure the global price lower.

what you said about exchanges doesn't make any sense and it won't work at all. it may even make them look shadier than they already are!

something that I was saying for some time now is the one and only way to help price increase which involves exchanges and in short it is to have more reliable exchanges. which means traders who can trust them enough to leave their money on exchanges (not as storage obviously but in open orders in active market). that helps the market grow with more packed order books, makes the price less volatile, decreases whale manipulation and panic sell effects and we can see more solid rises instead of FOMO bubbles and lack of bubbles means lack of prolonged bear markets like 2018.

one way to do that would be for exchanges to set aside some assets as a guarantee of them having funds to pay their users in case they lost their coins in case of hacks,... that we have been seeing in the past 10 years. and some sort of legal enforcement in place to guarantee their honesty and enforces them to pay up in case they were hacked so the users aren't the ones being scammed because of exchange incompetence.

Exchanges have very little capital of their own, especially the ones that have started more recently.

With time, most of the current crypto exchanges won't exist anymore. The legacy financial institutions will outcompete them based on how most of them won't be able to comply due to how the regulations become harsher.

Banks already have our money, so the most logical step is to offer a trading desk themselves. Instead of money leaving the country to some shady ass exchange, it will stay right there where it is and you very likely will be insured the similar way the money in your bank account is insured. We need patience for this, but the signs of them catching up are there already.

What you are suggesting is just market manipulation that might(or might not) artificially increase the bitcoin price,but it's a manipulation after all,and it's going to backfire on all btc users.
You can't force or incentivize people to buy bitcoin.They have to decide to buy it without any external influence.

This is true, Bitcoin must have mass adoption not by controlling traders in the exchange. People who are not a real enthusiast are refusing bitcoin when the price is low, but if the price is too high that's the time they grab the opportunity to buy bitcoin so that they have a quick profit.
The fact is that they only want profit didn't know the real value of bitcoin. Controlling price on the exchanges is nothing.

And how are you exactly planning on doing this with your new strategy? We don't own exchanges here so we cannot impose restrictions on the buy and sell side. So far the only thing I can see in order for us to influence the market is to buy and hold as a group and if we want to push the prices down then we Sell and create FUD as a group (which I won't be planning to be a part of) other than that we cannot really influence the market not unless all of us decided to stop selling and start holding our crypto holdings.

There's a better strategy

And it is the only one which actually contributes to Bitcoin's long-term success, the one in which you can participate in person. I refer to using bitcoins (or any other cryptocurrency, for that matter) in real life like paying for things and services. Yes, I know that not too many merchants currently accept crypto, but that's so primarily because of us who are not very much inclined overall to part with their precious coins. Just in case, I do spend a certain amount of crypto personally, so it is not just about speculation and profiteering to me

these suggestions are the most absurd thing that i have ever heard, specially this one. what is next? you are probably going to propose that we stop letting people sell the bitcoins they have bought right away, they must wait 10 years before we "allow" them to sell!

all that aside, why do you even think doing something like that would "raise bitcoin price"? you are introducing a big negative thing into the system that will drive many away! so if anything this should lead to price drop.

More nations have to give green signal for crypto currency especially the most populated countries they should come forward and make this visible to the public, yes BTC has already been a hot topic in the world for its massive growth in 2017. As much as the demand and supply increases the value of BTC will automatically Increase.

What happened to decentralization. I thought bitcoin was meant to defeat centralization.
This will make bitcoin look like a ponzi scheme. Let the people determine the market price of the coin through demand and supply the natural way, not through enforced restrictions.

Market don't work this way bro! And if it will work this way it then means that it is being controlled by some group of people who may at the end manipulate in there own favor. Market movement is determine by the forces of demand and supply and not the way you want it to be.

They also said market depends on supply and demand, But your understanding capacity is little bit low. So try to think why this kind of restrictions are affected in the market, How mass adoption is useful to recover the market. Majority of the peoples are having narrow mind so we always follow the daily crypto news then only we will having more knowledge in crypto market.

Markets weren't that responsive to the existence of exchanges and making more listings. From my understanding fake volumes through the exchanges served to be a part of the network growth. This lead to sudden growth in the marketcap as well with the rise in the price of bitcoin as well other cryptocurrencies.

I don't it think most of the people agree on that because 1 bitcoin a day selling for sure person who wants to sell their coins more than 1 bitcoin on that day are not agree on that because we have certain problems that we need big money a lot of money or for the emergency. You know the real to rise the value bitcoin again is the cooperation of the investor to buy more bitcoin there is no need to implement others because we can reached that before we can do that again.

From what we are witnessing, I think it can possibly being controlled by few large investors, people who have huge amounts of coins and money to invest, they currently controlling the market and they can facilitate from what directions they wanted to go, as long as people still being moved by the trend this shake will keep on happening, we need to follow the process of supply and demand in order to rise the value high.

That's the better strategy to do since market has long enough to go further with it's growth capability. We cannot exact determine when to initiate good signal in order for us to target a secure trading. Everything for now was still unpredictable, yet so hard to obtain possible gains. In order to help bitcoin's community we shouldn't dump our asset immediately, find more long terms holdings instead of day trading.

There has been a speculation that the Bakkt Launch could roughly introduce 100 million new investors to bitcoin and other cryptocurrencies in the market. Unlike any other platforms, Bakkt is a digital platform that will physically distribute bitcoin factors.
According to this article (will post the link under), there are roughly around 35 million cryptocurrency investors and 465 stock million traders. The Bakkt platform would be the medium to introduce this cryptocurrencies for stock traders to utilize on. With their recent partnership with Starbucks, bitcoin would also be exposed and introduced to the public with their 15,000 stalls around the world- expect the effect to snowball in the upcoming future.

Link: https://bitcoinexchangeguide.com/bakkt-launch-could-expose-over-100-million-new-investors-to-adopt-bitcoin-and-other-top-crypto-assets/

I have no doubt that the Bakkt launch will kick prices up

Even if on hype alone (actually, we have already seen that). However, I'm not sure if this platform will appeal to the kind of people you mention in your post, i.e. stock traders and their likes, as there is nothing that would prevent them from trading cryptocurrencies right now

Ultimately, it all comes down to having coins in your pocket, i.e. in your local wallet (desktop, hardware, paper or otherwise), so how would Bakkt be different from, say, Coinbase, Gemini or any other regulated exchange out there?

Based from the article that I read, they will be the VERY first platform to release a physically-settled bitcoin features which would involve a contract. Then, this contract would be the subject of trading in the ICE electronic platforms guaranteed by the ICE's themselves. In contrast with Bakkt, the current trading platforms (coinbase, Gemini, etc.) the transactions are digitalized.

If we want to increase the price of bitcoin we need to have massive adoption where the demand on the market will increase. There are many new updates in this year and I those kind update will uplift the bear market. Right now we can see little pump in the price of bitcoin. Yet, we can't still raise the price of bitcoin in the market.

The safest way that Bitcoin rises, is when the whales do tests in price ranges, if they do the tests and the prices increase with a lot of volume and it goes up a little, it means that the offer is very big, if the price goes up and the volume it is little, it means that there is no floating offer, those ranges are ready to be dominated by them, and generate a climate of liquidity, consolidation, lateralization, to prepare to continue rising or take profits with a regression of it, I think the bitcoin operators, apply the Law of Supply-Demand, together with the volatility that can be faced.

This is the only real solution so we will not see a pump and dump anymore.
Institutional money is very important, they will lead a massive adoption and the way I'm seeing it, it seems like they are here but not too aggressive ye.



We see great updates and in fact it raises BTC up, but unfortunately that was just temporary as whales cash out early.

Maybe because it would be on a platform where traditional investors are more comfortable with? Using Bitcoin has a learning curve, and I can see why that could turn some people off. With Bakkt, people who are interested but are unfamiliar with Bitcoin's inner workings can invest in a familiar environment -- there would be no need for them to catch up on the nitty gritty details, and they can dive straight to the market. That's my view on the matter, at least.

And how's that going to be different from the platforms I mentioned?

Do people have to understand Bitcoin's inner workings, intricacies and technicalities to use them? I guess, no. And I don't think that Bakkt will be able to add more simplicity to what we already have on this front. The only thing which seems to matter here is the name behind this platform, with Bakkt’s parent company being Intercontinental Exchange (i.e. the Wall Street dudes)

And here we are back to square one, that is, whether Wall Street traders and their likes really need it with Bitcoin when even housemaids can now have and use crypto?

Well if I'm being specific, with Bakkt, investors can buy physically backed futures. I guess what you're trying to say is that you're basically buying Bitcoin either way, and I agree with that. Some investors might be more inclined to play with toys they're accustomed to though.


It's going to be simpler in a sense that traditional investors would be able to play with Bitcoin in their arena. They won't need to step outside their comfort zone at all because they're already used to futures. It's basically like, people can seamlessly integrate investing in crypto into their routine without any additional working knowledge.

Are these needed? I would think that most of those who have a working knowledge of crypto would say no. I do believe some people would prefer these over actual coins though, considering it's catered exactly for them. It's a want rather than a need, basically. I don't necessarily think it's going to be a smashing success, but I feel like I know where they're coming from.

Some folks here claim that Bakkt is actually going to dilute the value of Bitcoin specifically because these futures are not going to be 100% backed up by real bitcoins. I don't particularly believe in that narrative myself (as people may start asking questions) but if it does happen, the outcome may not necessarily be positive for Bitcoin at all (like shorting it to death with piles of Wall Street money)


It may or may not be so

I mean if they just add Bitcoin to the list of already traded assets in whatever they use for trading so that registered traders don't have to do anything (as it will feel like nothing changed), then I agree with this point. On the other hand, if the traders will have to download something entirely new or ever register with the new platform (read, file an application or anything involving paper work), then I don't see how it will be "simpler". So it will all depend on the specific details of an actual implementation

This is now the game of those whales or those huge holders as they has the control of the market and being a small time investors we have no power to immediate increase the price of bitcoin as it needs huge amount of money to rise up the market price. We need mass adoptions of bitcoin and need to spread the good news about this technology to encourage others to buy more bitcoin and use it daily for payments.

Massive adoption is needed for use, not so much for massive price increases. We have been pumping hard for nearly a decade, and that with barely any noteworthy adoption. Bitcoin just needs to appeal to the average joes for a couple of months, and they'll fomo in like what happened back in 2017.

By the time we have that adoption, the price will reflect that and become way less volatile than it is right now. These are the times to make money and stack up Bitcoin using the pumps and dumps here, not later on when your neighbours and pension funds are in.

I essentially support that view

Though with a big and fat if (even capital IF). It is not set in stone if we are in fact going to be "mass-adopted" by average Joes, now or then. Really, what's in crypto for these folks? Most people live paycheck-to-paycheck anyway (and some are massively in debt at that), but Bitcoin is not going to be a regular currency. If anything it will be a store of value, commonly referred to as "digital gold". But how many people are actually hoarding gold? Not many, I suspect

I think there are lot of ways to raise the price of bitcoin in market but the basic way to increase the price is to have a lot of investors or traders that will buy bitcoin where may triggered the demand to increase. If we can attract many people especially trader and investors the price will probably increase.

Man, this is by far the worst suggestion I have ever seen in my entire life. Enron looks like a innocent company compared to the suggestions like these. You can't just force the market upside because as soon as you let it go the price will be in freefall again.

The reason why we are in a decentralized world is to get rid of these kinds of stuff, let the price be whatever it is and do not encourage people to make it higher or do not discourage people to make it lower, just let the people decide what they want without anything other than free market. That way we can at least know the real price of bitcoin because there is no elements that would tamper with the price so what you see is what you get. Bitcoin is as valuable as people think it is, I love it that way and I wouldn't want it to change at all.

If we want to raise the price of bitcoin we need to make massive adoption so that the demand will increase automatically also BTC should come up with some unique ideas where the public should rely to buy more apart from this big investors need to jump in BTC to pump the value. If things goes welll and good I am sure the price of bitcoin will gear up for sure.

everyone wants bitcoin to rise and there are also many ways from everyone at this world, except that the implementation is very difficult which can apply only big people and some classy product builders or big CEO who can grow prices in the market. expand the image to the public through news on television media or other media that can embrace everyone to increase demand mate

The very idea of a free market though, is that everyone is free to do what they want, including manipulate lol. This is why people have been saying that Bitcoin is being manipulated for the longest time, even before actual evidence has surfaced. The completely decentralized model we have right now makes the market especially vulnerable, and the only way to really stop it (or realistically speaking, just slow it down) is for a central entity to come in and penalize shady actors. I understand that most people in the market want it to be organic, but enforcing that comes with the price of losing freedom.

It will happen soon, don't worry about that ;D

I am sure that there will be a massive people who come into bitcoin/cryptocurrency because they realize that bitcoin/cryptocurrency is a new way to solve they're financial especially for making a transaction. Once there is an increase in the price like in 2017-2018, people will amazed and see about bitcoin power, and they will think that bitcoin is not a scam and they will search more about bitcoin. Besides that, I think we read some news about the adoption of bitcoin in the online payment, and some websites are already using bitcoin as the other payment, and of course, it helps the process of adoption in online payment.

Soon, there will be many more online stores will using bitcoin as the payment too and when it happens, bitcoin can compete with the other online payment processor.

it sets up a fundamentally dangerous situation though, like what we're seeing at bitfinex. i'd be very wary of keeping any funds there right now, or in USDT. due to the launch of regulated futures markets in the USA, the feds now see offshore spot exchanges as being under their jurisdiction. that's why the CFTC has been investigating bitfinex and tether re market manipulation for more than a year now, and more recently the DOJ (the criminal enforcement arm) has joined the investigation. that's some scary shit. i keep expecting to see a FBI takedown page at bitfinex.com.

Are you deliberately spreading FUD?

As it looks this way exactly. More specifically, why the American regulating bodies now see foreign cryptocurrency exchanges as under their jurisdiction? Bitfinex is not a US exchange, and as far as I know, they don't allow to trade US citizens there. The CFTC has been looking into this exchange since times immemorial, they even fined Bitfinex a few years ago, and what does it have to do with the launch of regulated futures? Care to explain yourself?

If couple of big countries give the green signal and legalises the crypto thus would be the best way that any market would like to have . Market will start rising very quickly and can even rise couple of thousands dollars in a day.

I would like to think that the investigation is more about Tether itself and less about Bitcoin manipulation, because there's no reason for them to be concerned about it. I see where you're coming from though, as I could easily see them using regulated markets as an excuse. It could set a terrifying precedent.

I get your point but apart from massive adoption, there should also be a limitation from the exchanges. The exchange sure has a part to play in constant dump of Bitcoin. Everyday more than ten exchanges pops up but nobody is limiting them on the actions they are taking.
I believe a regulations of how Bitcoin are sold per day should be a great help.

I don't think anyone can manipulate the price of bitcoin anymore, i can say that for coins with low volumes, bitcoin has gotten a lot of volume and also high price so in order for you to manipulate the market, you have to own billions of dollars and you can't just manipulate the rate in just one exchange but have to do that in 75% of the exchanges available for the manipulation to be effective.

Yes, we need those regulations so we can start the bull again. There are so many reasons for bitcoin to rise, but we have to wait for the right time because if we force the market to pump, its more likely a manipulations and later on it will just dump again so let’s wait for the real pump.

Possibly with government regulation, the value of bitcoin will be able to rise, for this case, it requires a better time and approach so that crypto can develop well in every country. We will wait for positive things to happen so that market manipulation does not occur.

That's one of the major things that i'm lookingat as well for us to get to the moon like many here are hoping for. Without government support, i don't there there'll be that much confidence from big time investors to enter the market. We'll be in a cycle of seasonal bear and bull market where the former would be more prominent than the latter.

If the market is to work based on your submission above then it will be that the whole crypto currency market is control by some group of exchange companies which I don't believe it should be. The crypto currency market work based on the forces of demand and supply and the way you submitted above.

Well you have a good point, and in addition to your point I will say there should increase in the transaction fee so that people will be discurage to sell more frequently, there should be mass adoption of crypto currency so that the level of market volatility will be reduce that will encourage more adoption.

I have also the slight feeling of believing that the market is being manipulated by the big players, and the biggest one would be these exchanges, since they are one of those who possess large amount of cryptocurrency. Although, you are correct about cryptocurrecy market is based on supply and demand.
Lets just be patient in the current market condition today, this will never last for long because we have a lot of good signs thats coming for Bitcoin to rise .

indeed transaction costs are an important consideration when you trade, because if you make a sale with a small price range it will only make you not get profit even only get a loss, use a long-term method so you can get profits and not make too many sales coin so that your assets do not run out only at transaction fees

Speculation is the root of all evil. Big institutions make manipulative trades in order to sell them after successfully completing their plan. Bitcoin's price is not simple to manipulate due to less large wallets that have a big percentage of all bitcoins.

whats the connection of speculation and manipulation ?  anyway , speculation is not the root of all evil but money is  .


you got a point . bitcoin price is not simple to manipulate compare to altcoins because bitcoin is heavier ( expensive ) while alts are lighter ( inexpensive ) but its no impossible for a whale to manipulate bitcoin because whales are powerful people  ,they are rich  .then can afford to buy boat loads of bitcoin  .

There are many reasons why bitcoins are pumping or dumping. What you have mentioned were not the main reason why bitcoin may increase. But it may take part. IMO, when there are many investors who tend to sell their bitcoin, it's price will decreased as the supply were also increased. It is all depends on the supply and demand of the market.

based on what i read in the first post  , the op states that investors hold thier coins  . hodling coins is the main reason on why the value can increase . buying coins could be the next to it   .  the number of hodlers vs buyers are more because not all time people can afford to buy a bitcoin .


correct  . selling coins is the number one reason on why bitcoins price can drop though it also depend on the amount that a seller sell  . small time or regular sellers dont usually move the scale but whales and bigtime sellers can move it pretty easy  .

Groups of investors will make it raise. We also have the pump and dump groups that can make the price go back or break the record of its ALL TIME HIGH. Every individuals can help to make the bitcoin rise. Sometimes sharing it to others is one of the reason why bitcoin proce rises like getting new investors due to the advertisements on social medias. Having a good learning on trading can help too so it is better to study all about bitcoin to know all the things should should be done when using bitcoin as a currency.

maybe there are many ways to increase the bitcoin price by investing in large amounts or support the bitcoin infrastructure actually to be a way to increase the number of investors and the way bitcoins increase and further promote its use, and many others to identify bitcoin around the world. and the way it goes up does not lose hope that bitcoin is always fixed, so bitcoin is not alone and we are ready to accept whatever is happening at the price of bitcoin, and do not worry about everything coming back .

I think promoting bitcoin is another reason but asides from that to legalize and as acceptable in all countries is a really a best ways, the other ways, if its already indemand. If everyone invest in bitcoin so its possible that the price rise.

Indeed if bitcoin will start be accepted on more countries as a way of payment on shops then there can be a huge price grow, and also if more people can come and learn about bitcoin and invest on it then there we can have the price grow.

I think the most efficient way to raise Bitcoin prices is to generate more traffic in the operations, that is, if business movements are generated with bitcoins, instead of FIAT money, that is with bitcoin, this is usually helped by large companies , are the ones that can boost this way of doing it.

Another way, can be calling the investment and the entry of new people to the world of bitcoin, because all this causes that the bitcoin moves in the market with greater fluidity and has as premise the correct use of the currency and can be used for Finally, in this way it would not be so dependent on what happens in the speculative market, that is, the bitcoin movements many times or most times depend on the movements of the whales, they decide if the price goes up or down, Many people call this manipulation, I call them Strong Hands and they have always existed and will exist because they are the only ones who can move the market with large amounts of money.

The events of 2017 were due to the fact that the market fulfilled its stage of total accumulation, then they decided to raise the bitcoin because simply in lower market prices the supply was finished, so for that reason the bullish stage of the market started.

  There is a lot of way to arouse the value of bitcoin in an appropriable way,  by developing and referring its liable platform and fundamentals, its developement may explode bountifully. In fact, some country eventually adopt and take bitcoin licitly. And in the mere future bitcoin will exceed as the most largest currency in crypto world and it may be adopt widely open nationwide.

I only think about how if more people come to the bitcoin, I think that will gives a good impact to the price because there will be more demand for people to buy bitcoin. That will be a good chance for bitcoin to increase so it will impact to bitcoin to get rise again and who knows, with so many people who wants to join in the bitcoin, the price will start to increase too.

In the aspect of promotion, I guess we have all been trying in our own little way, that is why you see so many people speculating, you see people creating tutorials to educate others, friends informing each other and I think this has really taken bitcoin this far, I never knew anything about bitcoin until my neighbor visited me one on one to introduce it to me

I didn’t take it at that point though, because I thought it was a Ponzi scheme, until I saw how long he has been in the cryptocurrency business and how much he has made in the process, hardly would you see any Ponzi scheme last the way biotin had lasted. So I think what we need now to forcefully make bitcoin adoption fats is just regulation.