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Author Topic: How to guarantee BTC growth  (Read 821 times)
jc89
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May 29, 2017, 05:45:53 PM
 #21

I do not know how your proposal would guarantee the growth of Bitcoin. As far as I know, growth of bitcoin rests in the increase of bitcoin user. So how can we see growth there  if people does not even know Bitcoin/Satoshi exists. Propagation of information about btc is still the best method.

As for the new users or will start to be engaged in cryptocurrency, others might get interested on some alts rather that Satoshi because it has higher price than Satoshi. So instead of enlarging the popularity of bitcoin, the alts might stole the spotlight.

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May 29, 2017, 06:20:02 PM
 #22

Even if it is associated with our psychology, I think it's a subjective term. I think  BTC 0.01 always looks far cheaper than 5,18,970 Vietnamese Dong, even if the value proposition is the same. Yes, initially it would take some time for us to adopt the change once Bitcoin reaches $5K or $10K like figures but then the price quotations will be according to the price and it will be most probably two figures. Satoshi, mBTC etc.

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May 29, 2017, 06:29:38 PM
 #23

Not necessarily thinking at bitcoin prices, thinking of more important things is populating them in every country is more important
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May 29, 2017, 07:17:56 PM
 #24

Too many times u can read lately oh i cant afford to buy 1 bitcoin what the hell should i do...
1st of all people should understand that they dont buy bitcoin they just change their money/currency into bitcoin.
2nd Who the f** ever said u need to change exactly 2345.50 $ for bitcoin or whatever the price is at that moment.
3rd What do u prefer.. 200 bucks getting less and less in value on ur useless bankaccount every day (not only every year) or 200 bucks that keep value in another currency with the potential to grow

I cant wait the day when bitcoin stops to grow... when there r no erratic fluctuations anymore... then we will have our freedom back

Those are not the points. The point is this: Psychology of price number.

I got your point.  Since Satoshi is less than 1 cent, it will look very cheap and people will start buying it.  Thus without realizing that they are actually buying Bitcoin which when seen as a whole is quite expensive.  This might do the trick and make bitcoin price really skyrocket.  Just imagine if due to demand Satoshi become 1 cent.  How much would be the whole of BTC cost?

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May 29, 2017, 07:38:54 PM
 #25

This is what I've been talking about in the last 7 years Cheesy I even suggested Satoshi to call bitcoin satoshi so people could be persuaded psychologically to buy more, I also demanded from US government to call cents instead of dollars., like calling $100 dollars 1000 cents.
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May 29, 2017, 09:51:12 PM
 #26

This is what I've been talking about in the last 7 years Cheesy I even suggested Satoshi to call bitcoin satoshi so people could be persuaded psychologically to buy more, I also demanded from US government to call cents instead of dollars., like calling $100 dollars 1000 cents.

That makes sense though but I don't know how practical that could be because I have to call 2 bitcoins as 200 billion satoshis? It will be Herculean to adopt to this system, maybe th next generation after us .

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