Bitcoin Forum

Hello Reader,

Will TV commercials, billboard advertising and sponsoring events or racecars raise the value of BTC or LTC?

If you have an another Idea please reply. I am thinking of realising one or more ideas.

Why bother with this kind of stuff
If you want to raise value, use cryptos and tell your friends about it
Utility and adoption alone will drive value not no of folks who have herd about it

The network is building on itself. The infrastructure is being built. Don't force it -- just give it time. BTC is the future.

.......LTC? Not so much. ;D

LTC has no infrastructure, no marketing and no usage.

It will probably slowly fade away.

it may be but as we know during the BTC has a unique system that creates it's own community for the users of BTC
so the possibility of such advertising will not be much affected by the rise and fall of the price of BTC

BTC and LTC are what they are. They are the pioneers of cryptos. Your strategies are more suitable for alts who are trying to gain just a fraction of the adoption BTC and LTC have.

Well, BTC is growing by having business adopt it and through the building of a strong infrastructure on top of it. Advertising might help a little but just getting the name of Bitcoin out the public space isn't going to be suffcient for the public to truely embrace Bitcoin and use it as a currency. A focus on education is probably what would be required. And it's not an easy task to educate a public which has no desire to learn(of course some people do, but I think it's safe to assume the majority do not).

As far as LTC goes, I don't feel that Litecoin has shown any innovation or progress since 2011 when it was created. I don't see the much to the argument for Litecoin continuing to be a major cryptocurrency unless the development team seriously steps up and starts adding innovated features. Considering how many new and exciting technologies are coming out in the crypto space right now it's likely Litecoin is going to be left behind unless something changes soon.

Think its fair to say Litecoin has limited utility and usage
Nevertheless likely to survive though only as a poor mans bitcoin

Well there are no reason, why someone cannot go the "TV commercials, billboard advertising and sponsoring events" route.  It can just be beneficial to build the brand and create awareness.

There are other ways to get people to spend more BTC - Tell them to use https://brawker.com/ - You buy at any retailer, even if they do not accept BTC as payment.

That way more BTC are spend, and that would increase demand for the coins, and push up the price.  ;D

Litecoin is pretty much exactly where Bitcoin was to start 2013. The only difference is that Litecoin doesn't have a Silk Road conducting transactions in it.

ASICs built Bitcoin's infrastructure into what it is, today and attracted the interest of businesses and venture capitalists. Litecoin is just now entering that phase of its growth. It's the only other coin that has attracted investment into the development of dedicated hardware infrastructure, on this level...and that will draw attention to it, the same way it did for Bitcoin.

Those declaring Litecoin "dead" are either thinking wishfully because they only want Bitcoin to succeed and nothing else (a sentiment motivated primarily out of their own greed and the belief that Litecoin pulls capital out of Bitcoin), or are just blind to the numbers (and history).

I'm a big supporter of both. I believe that one will ultimately be proven to be better than the other in certain areas and they'll end up specializing. My personal feeling is that Bitcoin could end up being better used for long term savings/investment and very large transfers, while Litecoin may be better for everyday commerce. Time will tell.

Likely those will have little effect and cost large sums of money. Word of mouth is the best form of advertising and is free. Spread the message and encourage business to adopt the use of bitcoin. Encourage them to hold some bitcoins, so that they just aren't immediately dumping it on the market for fiat.

i dont think so. both are here to stay. its like Visa and Mastercard.

Why do you want the value to be raised? If it was lower, more people might start using bitcoin. Is that not what you want?

Traditional promotion and advertising will not do much to help....we need to focus on more grassroot and word-off mouth type of promotions.

You have a point but can also be bad as more bitcoin owners will be dumping if the prices to keep going down.

I'm sorry, not to sound like an ass but where is all the BTC innovation? This is an old and stale argument. I can replace the LTC in the above quote with BTC and it has the same meaning.


The fact of the matter is that BTC and LTC work together. The devs work together, and even the P2pool code received a tremendous donation from the LTC devs/community (which everyone uses, everyone meaning coins not people lol). BTC and LTC are brothers, LTC just happens to be a year behind in just about everything, but still light years ahead of other coins.

Read more about what Litecoin is up to here:

https://bitcointalk.org/index.php?topic=661938.0

Continuing to do what most people are already doing will ultimately raise the value of BTC and LTC.   There are so many new business being developed daily that will in the end, make cryptos part of almost everyone's every day life.

Logically thinking, it can only go up from here (in the long term)

The price of BTC is pretty irrelevant if you are using it to purchase goods or services.   If you buy BTC just to purchase a specific good, BTC could be worth 1 cent, or it could be worth $1,000...since you are ultimately using it just to purchase a physical good.

If it were lower, then more people throw money at it (from an investment standpoint), but when using BTC as money it doesn't matter if the price is high or low..

Nothing drives the price up quite like demand of use.  If some website, say Amazon, says they'll take a crypto.  The price will rise.  It's not because the coins are more rare, but because they are being accepted.  Any of us can take our coins, sell at an exchange for fiat, move fiat to bank account, and then buy the item from Amazon - but it's a lot easier to just use the coin as intended.

This is correct but the question is how to get more people to use bitcoin.

If more people use bitcoin then more merchants will want to accept bitcoin for payment.

If more merchants accept bitcoin for payment (and potentially offer discounts based on it's lower cost) then more people will start to use bitcoin.

This is a issue of what comes first, the chicken or the egg

this is so dumb thread; litecoin is dying, and in that thread it says "litecoin has great dev" ???
litecoin has 0 development, nothing new is happening, zero , nada , nula , nichts

i would love to see some big news on ltc, some progress, anything, because in combination with diff going crazy up due to asics it would push the price way higher.
but sadly there is just nothing happening there..

Nothing is happening? You say this why...because they aren't hard forking every couple of months to throw the latest gimmicks into the protocol, which wouldn't improve it in any measurable way?

You don't fix what ain't broke.

The best cheapest way is to leverage the internet.

BTC has lots of innovation. Coloured coins, Lighthouse, tons of third party applications being built on top of BTC. Yes, the core protocol evolves at a snails pace. But with BTC the community is so large that all of these outside features that work with BTC can make up for it. With LTC there is nothing as far as I know. BTC and LTC don't work together, I don't see that connection at all really.

On the other hand there are lots of altcoins innovating lightning speed. Adding features like crazy while LTC does nothing but collect dust.

Personally, I would love to see a push to modernize LTC and bring it back to its former glory. But I don't see anyone from the LTC community caring enough to start in that direction.

well i want to see the price of btc to hit almost 2000$ then i m happy .. :D

I agree with the others that question the benefit of a rising price. I think the price is fine where it is. A stable price is best for everyone. A stable price would promote adoption more than any advertising or NASCAR sponsorships.

I am pretty new to the crypto community but litecoin looks very interesting. I would like to see some infrastructure going up around it like bitcoin has going on.

I would argue that some of the features that the altcoins offer hurt the value of the coins rather the help the value. Less time between blocks means that more blocks will be orphaned, giving you less certainty that a TX will be included in the blockchian even after receiving confirmations. It would also give incentives for miners not to include any TXs in blocks they find as if they spend extra time to include the TX then there would be a greater chance their block would get orphaned.

Litecoin has little infra compare to bitcoin.

Litecoins infrastructure is small compared to Bitcoin, but still light years ahead of other coins.

I liked what someone else said not to long ago. Cryptos are very young in general. BTC is like the older brother, LTC is the little brother, and all the rest are still babies. Even the oldest is still very young, growing and learning.


I'm curious, when you guys mention infrastructure are you talking about code wise, or adoption, or what?

People look at where Bitcoin is today and think, "Well why isn't Litecoin keeping up?" Forgetting completely the fact that Litecoin is about a year and a half behind Bitcoin and is currently going through the growing pains that Bitcoin went through, at the beginning of 2013. All of that is a distant memory now to Bitcoiners, but the transition of Litecoin to an ASIC-driven network has just started, in earnest. Throughout the rest of 2014, the transition is going to create a bit of a bumpy ride...but the result will be a network with at least ten times the hashrate it started the year with and a very robust, secure network that is immune to botnets. No other coin, besides Bitcoin, will be able to boast the kind of stats Litecoin's network will.

In the span of just over a month, we saw well over $20 million in ASIC hashrate deployed onto the Litecoin network. Over the summer and fall, we will easily cross over into $100 million. This is going to attract attention. Smart money wants in on the ground floor and Litecoin provides another ground floor opportunity.

All these products and services happening with Bitcoin are a direct result of the massive investment made into a dedicated mining infrastructure. That's where it starts...and Litecoin is about to explode, in that regard. It's foolish to ignore Litecoin out of some misplaced loyalty to Bitcoin, because if you look at how the pieces are falling right now, Litecoin is poised for a huge 2015. But by all means, keep throwing your money into pump and dump alts that are going nowhere, trying to make a quick fortune by timing your dumps right. I am a long-term investor and that's why my money is in Bitcoin and Litecoin, 50/50.

I don't really see the connection between people investing in mining hardware for scrypt and the rise in adoption of Litecoin. What sort of attention do you think that will bring, and from who? I'm struggling to see what you're getting at here. Perhaps you could explain what sort of things you expect to happen in 2015 for Litecoin?

Yes that may be true, but LTC is still leaps and bounds ahead of most other alt-coins.  It is also available on most major exchanges now, with most other alt-coins are not.  IMO more options is always a positive thing (in most instances), regardless of what you are looking at.   The more payment options, the better.   When using cryptos to pay for goods or services in the future, it will be better to be able to use BTC and LTC.   Right now for instance, you probably wouldn't be too stoked if a place accepted ONLY Visa, or ONLY American Express. 

bitcoin will rise on itself, it need time for this, your idea is ok

The connection is that initial adoption of a currency is primarily by the miners that mine it. But I agree that mass adoption beyond the miners has nothing to do with mining.

The number one thing IMO is to pick a day and change the units to a smaller unit that fits more with "regular" numbers.  People don't like .00051 bitcoins.

Yeah, sure the miners are the first ones on the train by default with any new coin. The difference here is that Litecoin was new three years ago so I'm not sure what FreeJack2k2 is expecting to happen when everyone has ASICs. Is he expecting those who purchase ASICs to not only hold the coin they mine, but buy additional coins as well?

They will have to hold the coin. Basic economics will dictate that, because there will be no other coin for that hashrate to flee to, for profitability. It'll be the same situation as exists in SHA-256 today.

The strength of the network will attract development and capital investment...as has been the case with Bitcoin. Before ASICs made Bitcoin the titan it is today, it was down around $10-12. It was the investment in hardware infrastructure, both on the manufacturer side and the miner side, that attracted all of the capital that has led to Bitcoin's current level of growth (and I'm not talking price, I'm talking venture capital, business interest, products and services, etc...) Hundreds of millions in dedicated hardware infrastructure tells investors, "This should be taken seriously."

You guys act like there's no precedent for this. As though Bitcoin was $500 when ASICs started getting deployed onto its network. In January 2013 when the first Bitcoin ASICs launched, it was $14. The explosive growth of the network and the dedicated hardware infrastructure that was being built for it was what caught peoples' attention (although the Silk Road news reports and Cypress obviously helped).

both would benefit much just by being more constructive in development.
especialy litecoin, who has no development since it was created, alot of new coins have some sort of additional anonnimity or extra functions, but btc and ltc have none.
that is the reason crypto isnt seaing new highs, and there is constant downtrend

Raising it's value means letting more people know about it,it's not only about money all the time.The technology itself is worth adoption as it serves our people and society.It does rivals the financial hypocrites and there futile terms and monarchy

We need more information so people dont go like "wtf you talking about braaah"

What will raise the value of LTC or BTC is adoption that said a car tour or events that utilize these types of technologies and give away stuff to new users to learn more or to sign up and try Bitcoin services would be the best way to get it to grow more.

At the moment, LTC does not offer more functions than BTC. The most popular function at moment is anonymity, which is offer by Darkcoin and Monero.

If Silkroad x.0 adopts LTC, I think LTC has some future.

Doing those things wouldn't raise any value until you persuade people to use the coins and adopt bitcoin as their primary means of payment method.Those could be the method of advertising just like other stereotypes.Bitcoin is here the break the stereotype in payment system and breaking all the financial boundaries.

If LTC would be the official openbazaar currency, then its value could be pumped.

facebook. Bitcoin should put a bitcoin ad in facebook

Well HOLD into it.  ;D

We need to introduce Dan Bilzerian into BTC.

Google should buy bitcoin and put BITCOIN in the opening page of google.

We are probably on the verge of a little price explosion if this paypal/ebay BTC integration really comes to fruition. It will make BTC front page news (once again). It will also provide legitimacy to the doubters and the portion of the general public that still thinks BTC is a ponzi scheme.

It's very easy.
You can sell some stuff with a big discount. But It just can be bougt with Bitcoin.

Advertisements are only a way to get the word around about bitcoin, if you want the value to rise then that would go on demand which is what we want more of. Spreading the word and helping people become more familiar with bitcoin is the way to go.

Giving people a real reason to use Bitcoin might help too. It's hard to really capture many use cases for average people to be honest. It's very difficult to compete with rewards credit cards that can often give 2-5% back on purchases in the form of cash back or points.

We as a community need to come up with innovative ways to use crypto that give average people motivation to spend.

Will Facebook accept if they pay them for advertisement? I think I saw that logo before in Facebook.

Sitting and waiting for unevitable (raise in value).

that's not an idea, that's a given

Credit card rewards are often a lot closer to 1%, they can sometimes be higher for certain kinds of stores however the average overall is right above 1%.

When merchants start to offer discounts in exchange for paying in bitcoin (it costs them less to process a bitcoin transaction then a credit card transaction) then consumer adoption will likely increase a lot.

Of Course it will any advertise is positive. Currently BTC have huge advantage in this over other coins. And that adoption rate, makes BTCD most superior on my opinion.

You can't buy 'bitcoin' !

gyft does something like this, they give, I believe it is 3% back as reward points.

You should also remember that it costs merchants a lot less to process a bitcoin payment verses the cost to process a credit card payment, so over time, in theory they should charge less when someone buys their product with bitcoin.

LTC/BTC ratio has recovered slightly over the past week. I want both coins to succeed long term

If the BTC/LTC are accepted in unconventional trade, the value will rise.

Only way to make price get higher is to cut off all ways to spend BTC. stop the adoptions by merchants.

Paypal, eBay go home!

If merchants hold BTC, pay bills and salary with BTC, BTC value can be raised.

Raise demand, or lower supply. If something fits into one of those categories, then you have a way to raise the price.

Sponsor something popular.. Like a basketball team or a trendy clothing line. I dont know.

Bitcoin has no owner or management so who can sponsor something? Do you mean community or what?

Make them easier to use. That way more people will be able to realize the many and important advantages that Bitcoin has over fiat money.

Use BTC in massive online games, for player transactions, selling accounts etc. An entire generation of people, that can handle technology with ease, can grow with BTC.

If the price/metcalfe corelation is right, then there is nothing better than real world use. And what better than to give millions of gamers the ability to transact between them just by downloading a client.

This is the problem. It's next to impossible to obtain BTC unless you have fiat to buy it. Who wants to go through the hassle of buying BTC only to spend your BTC later. The only people BTC are doing so to hold and sell later. We need a real use for BTC or I fear the consequences.

Paypal is accepting BTC for some transactions. If those sellers keep the BTC and use the BTC to pay other people, it is very positive.

You need big company accept bitcoin
Or you buy huge amount of bitcoin


Bitcoin price will raise in some days  ;D

If BTC is not useful, I will not buy it.

You can sell stuff for BTC.

When people use bitcoin to pay for things via PP, the bitcoin will not actually go to the seller. The bitcoin will go to bitpay, who will sell it and give fiat to PP. The buyer will have the same buyer protections as if they were using fiat based PP

The way this could increase the price of bitcoin is if more people were to buy bitcoin because they now have additional places to spend it

Maybe do some services for bitcoin or educate BTC thru facebook and youtube.. That will help for sure!

Social media with many followers.

Employees getting paid in BTC and merchants who accept BTC restocking products by paying the suppliers in BTC would make a huge difference.

Also user friendliness so main streamers can get involved very easily.

The best "crowd" to "train" are young tech-savy people (teenagers+). They'll need ...zero training as they figure out everything, just as they did with dogecoin. We need to merge BTC with the millions of online gamers. Games where people can win BTC through their gameplay or pay with BTC for advanced game priviledges, or transact with BTC between each other for exchanging items, accounts etc. These young people also tend to have GPUs and thus can become indirect BTC miners through GPU multipools.

Simplify it

eg TGBEX or CrypArt

Charlie Lee (creator of LTC) mentioned that Toshi (for Coinbase) is going to be supporting LTC soon.   He has also started hinting at the implementation of LTC into Coinbase.  This will ultimately be huge for LTC, because it is still too difficult to purchase LTC with USD.

I don't use Coinbase to hold a large percentage of BTC, I just use them to make purchases and then move the coins into my own wallet, but it would be really cool to be able to hold both BTC and LTC there...

Gocoin supports LTC and doge.

Does that site have enought users and does it work? What if i want something for 21 euros with 20% discount, will someone fullfill it? ;D

Any ads will be very helpful for bitcoin.

To get the price to rise we need a demand.

Let's focus on a long-term, sustainable demand rather than speculative, get-rich-quick one.
You can create a demand by showing people the benefits of using BTC/LTC, but I'm not talking about the "ideological" aspects (decentralised, transparent, trust less etc), these may not be very appealing to the 'average Joe' who is probably happy with using fiat.

Some of the things that can attract new people, from top of my head (I'm sure there's more), are:

- Savings. If enough merchants offer discount when paying BTC, people will soon learn that they could save money simply by using bitcoin. All they need to do is buy bitcoins->pay with them->buy them back straight away. Rinse and repeat.

- Gambling. Every bitcoiner knows about 1% provably fair dice games, there are no such games for fiat afaik. I'm sure plenty of gamblers worldwide would happily switch from the fiat roulette, with house edge of 2.7% (French) and 5.26% (American). Not to mention all the off-putting KYC/AML regulations.

- Earning extra income in BTC. There's plenty of talented, tech-savvy people in 3rd world countries, or countries where (for whatever reasons) you cannot send fiat money to. Bitcoin enables such people to provide various services via internet (coding, web/graphic designing etc).


I'd love to see bitcoin TV/billboard ads, but those will be good for building brand(?) awareness, don't think they will have a noticeable, immediate effect on the price.

Instead of promoting the mere name of 'Bitcoin' and its logo, much more effective imho would be popularising and showing examples of its practical use.

There's literally nothing that we can do about the price beyond advertisement in an honest way... aka, not telling people this is just a money making machine. You can't expect much if you don't tell people something is going to make them money unfortunately tho... so thats that , we cant do much, unless you are rich and wanna manipulate the market in our favour.

The simple answer for this is Buy Bitcoin as much as you can or each of us try to spread about Bitcoin in our society who still don't know about Bitcoin and teach them about that.
Let's say Bitcoin users in the world is 20 million people , and each of them ask someone to know and use Bitcoin.
There will be 40 million people use bitcoin in this world ,price will be up and more merchants will receive Bitcoin.
Simple theory but hard to realize that.

Prices will start going up exponentially, just as soon as merchants start holding some of the BTC that they receive, on their books.   Right now, I am assuming that most of the major retailers are immediately flipping the BTC that they are receiving right back into fiat, so that is basically the same thing as only accepting USD (in regards to the price of BTC)

I think it is kind of like the economy of the US/AU dollar. The more you spend it, the higher the rates.

more merchants, companies, investment opportunities, and advertising thats my opinion on how to help increase the price of the crypto coins.

BitCoin is falling, so soon LTC will follow suit I believe. I've never went this long without buying LTC, it's been weeks. I put my buy order at $2

BTC is stabilizing at the moment.

http://dwarfpool.com/xmr/calc

LTC is just a copy cat. It should hold only a scratch of BTC's value.

yup

Bitcoin and litecoin are the only real market. No manipulation is possible really, unless you want to lose money on purpose. Real markets are very volitle. Manipulated ones are stable.

Any rise in LTC will be useless while LTC has no innovation.

At most some pump, like happened after Huobi accepted LTC

BTC value can raise if the BTC demand is going up. In shortly - more BTC users  ;) It can happen with time, for example, if banks start to use BTC  ;D

I've stated it before but online games are the way... massive user base (tens of millions of young gamers) who are tech-knowledgeable and won't have an issue using cryptos.

Want to sell a virtual item? A game account? Something in-game related? BTC is the way... Same for game companies... they can have users use BTC for paying for their premium stuff or reward players with BTC for winning something, like a tournament or in-game achievements.

Major gambling markets would also be good. Poker works well as a cash game with bitcoin too.

more integration into online payment services and major online stores and hardware stores would be perfect to help promote bitcoin.

^This, The more companies who do their business on-line start to accept BTC as one of their payment methods, the more mainstream BTC will get and it will ultimately affect the price.

ltc is doomed, keep focus on bitcoin, bitcoin adoption is what the coin need to rise in price, don't be scared by big merchats accepting it, windows is a good step

Litecoin's utility, imho, is for small, quick transactions because of faster conf time.

litecoin really never had any chance of success. It has a shorter block time, however this means that each block is less secure (with the same difficulty but the ltc difficulty is much less then the btc difficulty). They use the same algo for mining which means ASICs can be used to mine ltc (some people have though that ASICs cause the mining to become too centralized)

Use strong passwords and support anything that encourages stronger security measures from businesses that deal in bitcoin rather it be a mining pool service, retail, etc.  Bitcoin and crypto currency has proven to be highly targeted for theft.  Anything that can improve the ease of use of btc/ltc while also improving security will greatly improve the value of any digital currency.  Right now, there is a lot of doubt which hurts the price.  I wouldn't be surprised if btc value where well in to the thousands if it weren't for all the theft.

Bring more people in the bitcoin. Family friends, anyone we can think of.

No need to do anything
http://www.coindesk.com/venture-capital-funding-bitcoin-startups-triples-2014/
If the trends the article talks aboutr continues, btc will rise in value over time

>family
>friends

The lowest of the low.  Don't even care who you hurt anymore >:(

Right thing. Probably LTC in the next year will die because it is 100% speculative, and there aren't any use about this. But for Bitcoin there are many thing that someone could do for raise price, one of this is realized by Winklevoss brother ! :)

http://www.marketwatch.com/story/winklevoss-bitcoin-trust-files-to-sell-201-million-shares-2014-12-31-7915121

if a country adopt bitcoin as official currency then it will increase the value of bitcoin but i don't think it will possible

what do you think of other alt coins ?
i think it heart BTC because every day we have new coin
every coin take an amount that should be sent to BTC
and scams take allot of btc income as well
so you have to fight GOV / scams / altcoins   

We must focus on adaption especially if big companies like google accept bitcoin
Bitcoin price can rise up to the moon  :)

Advertising won't do much, and LTC is doomed to be fail
I better advertise XMR