Bitcoin Forum

Bitcoin as we know is one of the most powerful names in the world market today,but in my short period in the community I came with my own ideas on enhancing the growth of bitcion
 Most people would see an open opportunity to gain in Cyrpto and walk pass by without second thoughts ,why?, It because is either they are not enlighten about it or they can't see the outcome as any thing good they prefer working so hard on well-known companies ,so what if the bitcoin community had some partnership with all this known companies or firms in different sectors of the world ,I think that would help in some extend,

2, Cyrpto it self are not widely acceptable in generally only some coins are well know to the world ,but what if we also get listed on trading sites like forex trading and others it would also go a long way in enhancing bitcoin and cyrpto in general too.

3.    60% of us we use this medium to fend ourselves ,but what if this was to be a subject or course in the education system ,we know that the educational system doesn't teach us how to earn but what if we actually have a subject that those that ,and I think this point will go a long way because it will reduce the idea of bitcion is another scam program.

  4 . The bitcoin community should also look into some certain project that are being run in the name of "Earn Bitcoin",most are scam and I think the should be a board that looks into that and dislove such sites ,cause imagine investing your hard earn money on different sites at the earn you discover they are scam ,you would generalize bitcoin as scam too .

"What if .." questions.. well, only if it was that easy.

We are not centralized. There's no governance with Bitcoin, hence.. there are no "partnerships". If a company wants to support Bitcoin, they will adopt it.. but it's new technology, and it's less used as a currency than some companies would expect. If you spend resources to adopt a new tech, you want it to provide your business at least a slightly higher advantage. Microsoft adopted BTC as a payment method years ago, but later removed it. Same goes for Steam.

Listing BTC on forex trading platforms is a bad idea in my opinion. You're not really purchasing Bitcoin the way you purchase it on crypto exchanges where you can also withdraw. Forex trading sites, AFAIK, only provide you basically a virtual Bitcoin - as in, you cannot request a withdrawal to your personal wallet.

We should first advertise decentralization and privacy rather than providing people more options to support artificial central governance. Sometimes, slow is better. I personally think Bitcoin needs a slower growth to be healthy.

We have been living with this kind of governmental system since years and if we actually expect people to learn everything about bitcoins in 11 years and accept it.


I do believe we don't even have a backup. This pushes people away from bitcoins and such.

But at the same time it would need some knowledge of how bitcoin works, how to use wallets, how to send/receive money, which is even more difficult for people to get used to.

I cannot expect my father and mother with no knowledge of how cryptocurrencies works to invest in it
 
I do believe we need:
 knowledge
 positive news about cryptocurrencies from media and not always the negative one's
 acceptance
 positive regulations from the government

To actually reach a point where people support the cryptocurrencies and start using it.

This kills the whole concept of no middle man !

There are a lot of scam sites that give bitcoin for free or get a discount when investing in it. there are thousands of scam investment websites, thousands of bitcoin projects and more. This will indeed be very detrimental to investors who are trapped in it. As crypto activists or new investors, we should be more selective in choosing projects or websites that provide benefits in the form of bitcoin, the board that handles the problem of cryptocurrency fraud still can't do much, because of the lack of information about scammers.
don't be tempted by "Get Bitcoin" Free or any other advertisement, better do some research and find out what you want to invest in.

Not only that, but as a little reflection to the thread about Trump getting COVID and Bitcoin crashing together with stocks (https://bitcointalk.org/index.php?topic=5279514.0), the more institutional investors we'd have, the more similar to stocks Bitcoin becomes.

We currently do not have a great decentralized plaform for daytrading so a lot of people still need centralized exchanges to do their job. But the main idea is that the least we can do is avoid having platforms that give us only virtual Bitcoins, which are even worse than centralized exchanges.

There are some platform for erc20 tokens which are truly decentralized. However that is very limited cause they are limited to one blockchain

I believe that we will never see a very good truly decentralized exchange across many blockchain.  Only if we see atomic swaps.

The main issue with Bitcoin and decentralized exchanges is how slow coins get confirmed. You can't move the same amount of Bitcoin to another cryptocurrency and back in a matter of minutes, or maybe even seconds if you need to. Centralized exchanges offer you this advantage. That's mainly why I think that DEXs won't be the trader's choice before we get to fix this, if we ever get to do so..

Yes it a great and nice idea, I will advise if some important ideas in your post should be accomplished.It really happens that people work away, The popularity of bitcoin will definitely be much.bitcoin is thoroughly going high, because I could remember the bitcoin was lunch 2009,It was nothing even up to a dollar, but now bitcoin is thousands of dollars.

I also dislike all kinds of scams where they link to Bitcoin. Because there are so many laudable activities for the good of all that can be done with it that ill-intentioned people take advantage of Bitcoin and common people when it comes to learning about Bitcoin lose confidence.
I have done some practice in trying to teach What is Bitcoin? and its use and I have not been successful. The fact that Bitcoin has not achieved massive adoption is because people have not learned to use it.

Bitcoin is fully decentralized and as such there is no individual or group who can enter into such a partnership, the Bitcoin community consists every enthusiast who is interested in bitcoin and promotes its usage. This decentralization also means it's available for any company to adopt and integrate into its system as we have seen with platforms like Sportsbet

Your statement is a bit confusing, I would assume Bitcoin is among the 'some' which is well known globally, I can not see how listing random currencies in the forex market would benefit Bitcoin.
As mentioned by @20kevin20, Bitcoin would not be accepted into a highly regulated market in its original state, there needs to be legal procedures to make it accessible to institutional investors.

Bitcoin is not really a means of earning regular income, except one accepts it as a payment for service.
On Bitcoin being integrated into the educational sector, I do not think that is necessary. There are a large number of blockchain and Bitcoin related courses on platforms like Coursera and Udemy for people to explore.

There is the Scam Accusations (https://bitcointalk.org/index.php?board=83.0) board where you can report scams, this however does not mean members have the authority to dissolve such sites, but the community can report them to website like; https://safebrowsing.google.com/safebrowsing/report_phish/?hl=en which can actually pull such scams down.
On Bitcoin being linked with scams, that is a narrative that would likely get less popular as Bitcoin gets more adoption and positive promotion.

Agree. It is a poor idea, how can put Bitcoin on the Forex trading platform? Not only can't withdraw to a personal wallet, even basically I doubt it is possible to list Bitcoin on the trading platform of Forex because Forex and Crypto haven't the same concepts. Let crypto or Bitcoin has its own trading places, it is much better as they have their own world and different communities.

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@Emma Theo. By the way, why don't you tidy up the OP? I think it should be rearranged, so people will be comfortable reading it and looks more interesting as well.

I think that the main problem that people lose money by using bitcoin is scammers and innuendo in advertising.

What if I tell you that bitcoin had gone more far than these thoughts of yours, what if I tell you that some universities are taking course of blockchain technology in their faculty of study, https://www.accounting-degree.org/college-cryptocurrency-blockchain-courses/
what if I tell you that forex brokers have integrated bitcoin as a deposits payments and trading pair, https://www.fxempire.com/brokers/best/accepting-bitcoin

The proof above would really reveal the fact that cryptocurrency world is a versatile one and its gradually defeating the scam tag accusations because it widely developed my individuals and not governmental body, so far as it may claim, the growth of bitcoin is exploring into the space and unfortunately, what ever may seem to be doubted had been implemented so far.

I get it that Bitcoin has grown to cement its name in the market but you saying it's the most powerful name in the world market is a overstatement, it does has the potential to get to that level but for now it just hasn't. In respond to your first point, I would say bitcoin is a currency (atleast that's what it portray itself to be).

Currency don't go looking for partnership instead they make themselves so relevant that the companies have no option but to adopt them( especially the digital currency) or missed out on the new business opportunity they offer. All the coins don't have to be adopted or accepted before we think the industry is winning, it just has to be bitcoin at first then it'll create higher chances for other cryptocurrency in having similar experience. The brookers are listing the crypto coins steadily atleast the numbers are improving daily.

Just maybe if the cryptocurrencies exchange starts enlisting forex options, it'll draw in more users to the industry especially those into forex. Instead of waiting for them to accept us, the market should continue showing it relevance in the industry by constantly improving and introducing other market to the cryptocurrencies industry.

bitcoin will continuing to grow unless scammers will not appeared to the world of market ,bitcoin is the best way to earn a lot even a big artist personalities ,government official and government finance supporting bitcoin. i wish scams will no longer exist to cryptocurrency because they all suffering on scams

Old people are very skeptic to cryptocurrency and not ready to use it as a medium of exchange or store of wealth, otherwise younger ones demonstrate more interest. That's why the first stage of Bitcoin adoption should start with educating people about cryptocurrencies.

Since the arrival of Bitcoin in 2009, cryptocurrencies have become increasingly popular, promising a fast, secure, low cost international payments solution.

After the Invention of internet bitcoin has been the most revolutionary breakthrough of the 21st century.

It Has many Interesting facts, mysteries, and conspiracy thories that are yet to come out, as great as the bitcoin is. let's look at some of the most interesting details about bitcoin, the queen of cryptocurrencies.

Did you Know? the First Bitcoin purchase was for pizza, the fist every transaction of bitcoin was the purchase of 2 pizzas by hanyecz.

Here Show Some Date And Price of Bitcoin.

When Start in Jan 2009 and October 2020 It's High and Growing. 

• Jan 2009 – Mar 2010 - basically nothing
• Mar 2010 - $0.003
• October 2010 - $0.125 Increase
• Feb 2011 – April 2011 - $1.00 Increase
• 8 June 2011- $31.00 Increase   
• Dec 2011 - $2.00 Decrease
• 11 April 2013    -$266 Increase
• June 2013- $100 Decrease   
• Nov 2013 - $350–$1,242 Increase   
• Jan 2014- $750–$1,000 Increase   
• Mar 2015 - $200–$300 Decrease   
• Early Nov 2015 - $395–$504Increase   
• May–June 2016 - $450–$750Increase   
• October–November 2016 - $600–$780 Increase
• January 2017 - $800–$1,150 Increase
• 5-12 January 2017   - $750–$920 Decrease   
• 15 December 2017 - $17,900 Increase   
• 17 December 2017 - $19,783.06 Increase   
• 5 February 2018 - $6,200 Decrease   
• 7 December 2018 - $3,300 Decrease   
• 27 July 2020   - $10,944 Increase   
• 5th October 2020 - $10,658.70

Old people are too attached to the conventional way of doing things. As regards finance, that would mean dealing with fiat money and the traditional banks. It is hard to convince them to adopt something new and disruptive and even threatening to the very system that they are very familiar and grow up with.

The future of Bitcoin is in the hands of the younger generation. It is where Bitcoin is really understood and accepted. Because of this, I am very much convinced that it is the future. Those which are protected by the older generation will inevitably be replaced by those which are promoted by the younger generation itself.

What advertisement did money have before it became generally used? As soon has people got to understand how it solves problems, they accepted it . Don't worry, 2017 many of us saw physically what bitcoin can solve and without doubt we accepted it and today nothing can take it away from us, by 2021 bitcoin will speak of itself and more people will come in for it. We don't need to rush it.

Bitcoin already exists for a long year and this gives a lot of contribution today into the world of digital currency, crypto currency, and even in real life because we can now use bitcoin even to buy different things. Even this is known by the different people there are still problems with this not all of them are already accepted the use of this the reason why?

There are some countries and people who do not accept the use of the bitcoin yet they are afraid to change we can't blame them because those are their norms.

What are the things to encourage them to use bitcoin?
There are a lot of these are the few examples.
Faster transaction
Efficiency
Transparent
Secured
Encrypted
You may possibly earn for investment.

We can't really decide that for ourselves, yes the crypto community is big, but I doubt that could provide enough influence to spread its name outside more than it already has right now. Especially with how Bitcoin is a decentralized system, which makes it all the more difficult for others to actually accept it into a circle, after all, everything is business in these parts.
Even the usual financingg system that we use isn't part of the curriculum that is taught to students, what more Crypto (afaik anyway). Besides, "Bitcoin is a scam" are words only the ignorant would believe, I don't think it's enough of a reason for educational sectors to even teach it, what more especially with the amount of people knoweldgeable about it being on the lower count.
Again, Bitcoin is a decentralized system, so it isn't really that odd for scams to appear. People are fighting against it by identifying those projects and spreading info about it, but that's it. There's nothing more we can do at this point, especially since anyone could use the name of Bitcoin for their scam.

Yes we do really need such things. (1)Knowledge must be the first thing that the people must know specially talking about the non-Bitcoin users so that they could gradually have a glimpse of idea how Bitcoin really works and not on the misconception they have in their minds. (2) Positive news or good publicity coming from the mass media is also an essential to be must have for the fact that many people relies on the information coming from the media for they are treated as reliable sources to be trusted with. (3) Positive regulations coming from the government will certainly comes with (4) Acceptance because once the government agrees with it, then people will suddenly get into it since many are relying on the government's decision with regards to many matters. Growth of Bitcoin will come as long as those stated above will be provided without the need of pushing it too hard on doing partnership with certain companies for we are all been driven right in here without the presence coming from the influence of certain companies because this is our own will of choice we do.

Well yeah, this is the most powerful, trusted, abd valuable coin in the crypto world. This is my opinion.

This thing probably can be one of the reasons why many people come to the crypto world and invest it in. However, unfortunately, not all people come here because they have learned and done good research. they came because of hype, because of the expectation that they can be rich because of crypto, especially BTC without understanding about risks. Yeah, the problem is here, many people are only interested in and concern about the profits and what they can gain, but they do not concern about the risks, without considering the risks. So, when they are lost, they will immediately blame crypto.

Basically, crypto is already growing well, and let it stay in the crypto market, not in any other market. It's just that it would be better if the use of crypto could be expanded as a means of payment at various merchants and companies. And nowadays the development of exchanges in the world is getting better, although in some countries it is still very limited.

This is interesting, but it will be difficult in some countries. The material related to crypto will depend on the readiness of each country.
Like in my country, this is also difficult to apply in the world of education, especially primary to secondary education. Maybe just for introduction only and not specifically.
For higher education, this can be one of the courses in a particular study program.

Only a fool person rejected Bitcoin's potentiality but the rest are coming into it. Having 10 years of existence in the market, the market value keeps rising every year, this simply means that Bitcoin will gain more popularity and high demand in the future.

What we have witnessed today is the result of our trust and faith. Bitcoin keeps soaring high as many people know it already, huge adoption has to come, some establishments are accepting it already, and I'd notice that was very applicable as the pandemic hits us might be a coincidence but I consider this a perfect timing for Bitcoin...

It seems to me that bitcoin and cryptocurrencies will dominate in future money transactions. Many country has adopted this new digital money era. But has lack of proper guideline & education on cryptocurrency. Recently, Many renowned universities are offering bitcoin courses such as the University Of California is being offering bitcoin and cryptocurrencies courses (http://"https://skillqore.com/online/bitcoin-and-cryptocurrencies") absolutely free.

What prevents bitcoin from growing? Bitcoin is backed by nothing, or put it differently, it is not backed by government's promises and guarantees. Some believe promises make money trustworthy. But reality is that we can't trust other people when it comes to money issuance and supply management. We know as a fact that almost all people are greedy creatures, if they are given an opportunity to create as much money as they desire, they will create money to enrich themselves and their friends. That is why government money cannot be fully trusted, since it is used to make rich people richer at the expense of poor ones. Bitcoin doesn't rely on people when it comes to control of total supply. It is fixed, it is set in stone. Bitcoin can be trusted because unlike people, computer code is not greedy, it is neutral and cannot be bribed and manipulated. When people realize that the code can manage monetary system better than humans, they will invest in it and make it grow.