What Bitcoin and other coins need is REAL demand

[reactorjuno]

I have been in the game for less than a year but the more I try to get information and the more I am convinced that last year huge boost in price was the result of PURE manipulations from very influent persons, and at the end of 2017 Wall Street, hedge funds took part of this too!

What Bitcoin and other coins need is REAL demand, based on real value of the coins, for using digital money as money. It's gonna take a while I think, 2017 was an anomaly.

Discuss.

[dothebeats]

2013 was way worse: the trading action happening is controlled by a single insider bot to artificially increase the price that isn't sustainable that resulted into the 2013 ATH, or the first known (or sensationalized) bitcoin bubble. Right now, I can say that the demand during the 2017 run isn't artificial, or isn't purely manipulated to be precise. Mind you, the power of FOMO has been proven countless times in numerous occasions, so you cannot simply say that everything was a manipulated turn of events. As for bitcoin's use case, many people see it more of an asset rather than a currency. It could be a viable currency with limitations, but right now it works excellent as an investment vehicle and people are surely taking advantage of this hype.

[Fennishlassy@gmail.com]

Real demand is on its way, even tho the market is a bear venture capitalists are pouring MORE money into it right now which means they believe it will go up.  Now is a great time to buy (see my signature) so buy this giant dip and hold and watch the money come rushing in

[pawanjain]

2013 was way worse: the trading action happening is controlled by a single insider bot to artificially increase the price that isn't sustainable that resulted into the 2013 ATH, or the first known (or sensationalized) bitcoin bubble. Right now, I can say that the demand during the 2017 run isn't artificial, or isn't purely manipulated to be precise. Mind you, the power of FOMO has been proven countless times in numerous occasions, so you cannot simply say that everything was a manipulated turn of events. As for bitcoin's use case, many people see it more of an asset rather than a currency. It could be a viable currency with limitations, but right now it works excellent as an investment vehicle and people are surely taking advantage of this hype.

Thats quite true my friend. Not everything that happened last year was a market manipulation. There were many number of new investors that took part in the game and some are here for the long run. The ones who know the real value of Bitcoin will stay in it for a long term and those who are exiting the market now causing decrease in Bitcoin's price are most probably the ones who were in this game just to make money. I believe in Bitcoin and the blockchain technology which is why I am not worried of the price dump because I know when the manipulation is over the price will start rising.

[evlogii]

I have been in the game for less than a year but the more I try to get information and the more I am convinced that last year huge boost in price was the result of PURE manipulations from very influent persons, and at the end of 2017 Wall Street, hedge funds took part of this too!

What Bitcoin and other coins need is REAL demand, based on real value of the coins, for using digital money as money. It's gonna take a while I think, 2017 was an anomaly.

Discuss.

Yes, last year , there was a lot of manipulation and that is why we saw such a huge correction. Prices had already dropped from $20000 to $7000. Now it is rising consistently and I think we have real prices now.

[DarLim11]

There is no such thing as real demand. A demand is just a demand. There is nothing wrong with them investing. We have equal rights to invest wherever we want.

Lets just be smart because they have lots of money we just need to ride with them to profit.

[BrewMaster]

bitcoin does have real demand and the rise of it last year was not all manipulation. on the other hand the drop is mostly manipulation now. you say you have been around but it seems like you have missed all the news while you were around. the news of mass adoption in Japan and thousands of merchants that started accepting bitcoin as payment, news of BitPay (which is basically the amount of money changing hands between customers and merchants) processing over $1B annually in bitcoin! and the news of mainstream adoption of bitcoin in US and lots more.
what are these? fake news or fake demand in your mind???

as for other coins they can not have real demand until they start having real usages and not just copy pasting each other.

[AH_Robin]

I think to make bitcoin as a cash of the world's future is as yet dim. the same number of scientists say another investigation from Smith and William Entrepreneurship truly say that bitcoin still can not be a future cash since he supposes More than 60% of respondents of the overview directed by expressing that over the most recent 5 years Bitcoin has not possessed the capacity to change the substance of the money of monetary and customary fiat. Business pioneers additionally communicated their supposition that Bitcoin may not be the worldwide installment techniques in the future.but I generally accept if bitcoin will be the best business open door for me.

[webmastax]

Real demand can grow if more stores and companies accepts Bitcoin and cryptocurrencies. We need also that Bitcoin will be more easy to cash out.

[Kprawn]

I cannot agree with you more on this, we need some Killer Application that would take Bitcoin to the Moon. Just look at what

CryptoKitties did for Ethereum. { https://www.coindesk.com/cryptokitties-competitors-4-ethereum-games-catching/ } Where

are the game developers for Bitcoin? Where are the Super Tipping service for Bitcoin? { Lightning Network is ideal for micro

tipping! } Cmon guys and Gals, let's work on those Apps and Games. 

[StayFly]

Indeed, there is no doubt the Wall Street and Hedge Funds manipulated the market by inflating the price of every single coin last year.
To get real demand we need real people to invest in cryptocurrency and to get that we must promote crypto in any way possible.

[stompix]

I cannot agree with you more on this, we need some Killer Application that would take Bitcoin to the Moon. Just look at what CryptoKitties did for Ethereum. { https://www.coindesk.com/cryptokitties-competitors-4-ethereum-games-catching/ } Where are the game developers for Bitcoin? Where are the Super Tipping service for Bitcoin? { Lightning Network is ideal for micro tipping! } Cmon guys and Gals, let's work on those Apps and Games.  

To me it seems like the kitties bounced a few times and went dead:

March for ETH/BTC:


There is no need for some magical or killer app, all apps are just fads if there is no real purpose behind it.
What bitcoin needs is daily usage which is hard because the price is volatile because there is not enough usage

It's the same dilemma electric cars had.
There were to few charging stations cause there were not enough cars and nobody bought because there were not enough charging stations.

Indeed, there is no doubt the Wall Street and Hedge Funds manipulated the market by inflating the price of every single coin last year.
To get real demand we need real people to invest in cryptocurrency and to get that we must promote crypto in any way possible.

No doubt? Really?
Oh, so now Wall street is evil because they manipulated the price up from 1000$?
What can I say about this apart from Thank You Wall Street Bankers?

[HeRetiK]

There is no need for some magical or killer app, all apps are just fads if there is no real purpose behind it.
What bitcoin needs is daily usage which is hard because the price is volatile because there is not enough usage

It's the same dilemma electric cars had.
There were to few charging stations cause there were not enough cars and nobody bought because there were not enough charging stations.

The electric car dilemma is a good example for a chicken / egg style adoption problem.

Still, for better or worse, crypto can harness a power that the electric car can't -- greed.

Regardless of the price right now I'd say that 2017 was quite an advertisement for Bitcoin and crypto in general. Sure, the euphoria of the last few months has subsided but now more people than ever before know about crypto. More companies and projects than ever before are dabbling with blockchains and cryptocurrencies. Most of which will turn out to be bullshit, yes, but there might be diamonds in the rough somewhere in there. It will take a while until these projects come to fruition, but progress is being made.

Bitcoin is its own best advertisement. For both investors and entrepreneurs. The seed for the next wave has been sown.

[pitiflin]

I have been in the game for less than a year but the more I try to get information and the more I am convinced that last year huge boost in price was the result of PURE manipulations from very influent persons, and at the end of 2017 Wall Street, hedge funds took part of this too!

What Bitcoin and other coins need is REAL demand, based on real value of the coins, for using digital money as money. It's gonna take a while I think, 2017 was an anomaly.

Discuss.

The price didn't necessarily go up just because of manipulation and pump and dumps. There were some good legitimate reasons for the price rise too. The price did affect various things like say the price of GPUs/computer hardware going up, China banning crypto as a whole, measures for regulation of crypto by various countries etc etc.
Right now there's hardly any demand for bitcoin or any other crypto if you come to see it. Legit. Only fucking stupid idiots are panic selling. But guess what? March is ending and the prices would most likely rise after April(its my own theory,hope it doesn't fail )
But your whole point of getting full of real demand is never ever going to happen,not even in stocks let alone crypto.

[daarul50]

Bitcoin demand by the end of 2017 is purely not the manipulation of the various parties who want to profit, the pumping that occurs when the profits are felt by all parties. In contrast to the pumping that occurred when the year 2013 actually occurred manipulation of the inflation of funds of one party. A massive correction earlier this year was the initial momentum for the upsurge of the next bitcoin and this decline became a strong foundation to gain investor confidence.

[MilfordGannon]

Nice thinking and write up. I also think the price went so high for the abnormal demand when most of the people started to invest without any proper knowledge in crypto market. But now demand is being stable and price is moving as it should be. But I hope that price will move up by the end of this year.

[mekusproj]

The real demand for Bitcoins and other crytocurrencies will certainly increase especially with the intended adoption of it by the Russian government for its use as an alternative mode of payment for the upcoming worldcup starting by June in Russia. I believe this will have a positive impact on the price of bitcoins and other crytocurrencies.

After the world cup the success of its use will create opportunities for other international events to adopt it as a mode of payment. I have always believed that people will always find a creative use of Bitcoin in divers forms being an internet currency.

[KrishaBitcoin]

I have been in the game for less than a year but the more I try to get information and the more I am convinced that last year huge boost in price was the result of PURE manipulations from very influent persons, and at the end of 2017 Wall Street, hedge funds took part of this too!

What Bitcoin and other coins need is REAL demand, based on real value of the coins, for using digital money as money. It's gonna take a while I think, 2017 was an anomaly.

Discuss.

But the problem is how can we make such real demand? I believed too that real demand will exist only after the price of Bitcoin will be manipulate to rise up in which the real demand will ride to the flow making the price of Bitcoin to rise up even more. Without the price up manipulation like by the big whales it is impossible to real demand to work of its own. So i think we should accept the fact that we really need the power of manipulation and be on board when it comes not by just relying to real demand because it is very difficult to make it real and ride unto it.

[Kakmakr]

Real demand can only happen if there are real world solutions to problems that only Bitcoin can solve. In my opinion, affordable global micro transactions is one of those problems. Bitcoin with the Lightning Network might just solve that problem and this will drive the market for the coins.

People want cheap and instant global transactions and Bitcoin can give that to them, when the Lightning Network is done. We are very close to mainstream adoption for the Lightning Network and a explosion in the price. 

[trry98]

Mr, I think this is impossible. If a person's power can operate the entire cryptocurrency market, it is very scary. If this is the case, I do not think that Bitcoin will exist for so long and it will die long ago.