What new feature could potentially make bitcoin more valuable?

[jonathan6655321]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

[Dogtanian]

What do you mean by feature exactly? Something new added to bitcoin?  The only thing that makes the value go up is more demand so we need more people on board for that to happen. Keep spreading the word if that's what you want to see.

[ExpediteStyle201]

As far I know bitcoin already has enough feature and it doesn't need any new feature right now and the demand will rise after the rise from this downfall automatically.

[avikz]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

Even though bitcoin is very well equipped, I think about one feature that will make bitcoin more valuable and more useful, and that is the "smart contract" feature similar to ETH. Today ETH is used widely just because of this feature. A lot of start up companies use ETH to make their own tokens based on that smart contract algorithm which makes ETH is one of the most used and appreciated cryptos of all time, second to bitcoin.

I think, if smart contract can be made available for bitcoin, it will not only increase the utility of bitcoin, but at the same time, make it more useful for the companies around the world who wants to make their own crypto footprint. More utility means more demand and for the same reason, the price can take few more steps towards moon. Just my 2 satoshis!

[davhek]

I don’t think we need some major changes. It’s the acceptance what we need. Onde people recognise all the benefits and start using it more, the value will follow.

[chidrawarster]

The main feature what I would want is the smart contract feature like eth which would make it widely used as an utility coin as well just like eth being used today. So even the more demand will bring more and more people in the queue to have more and more btc so that the present downfall stops.

[Bara420]

I don't find any new feature and I must say bitcoin features are very much updated and right now it doesn't need to add other or any more features.

[ricardobayes]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

Even though bitcoin is very well equipped, I think about one feature that will make bitcoin more valuable and more useful, and that is the "smart contract" feature similar to ETH. Today ETH is used widely just because of this feature. A lot of start up companies use ETH to make their own tokens based on that smart contract algorithm which makes ETH is one of the most used and appreciated cryptos of all time, second to bitcoin.

I think, if smart contract can be made available for bitcoin, it will not only increase the utility of bitcoin, but at the same time, make it more useful for the companies around the world who wants to make their own crypto footprint. More utility means more demand and for the same reason, the price can take few more steps towards moon. Just my 2 satoshis!

Couldn't agree more! Otherwise btc will be pretty much useless. There are no use cases for bitcoin at the moment.

[unutbunudostum]

Make sure EFT approval came, the bitcoin will become more valuable. The world will need more digital presence in the near future.
As a result, bitcoin and crypto coins will be valued.

[Velkro]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

This is two different questions, what can make bitcoin more valuable which is topic question? Beign conservative, not innovate too much, leave it to all altcoins and look them burn. Take out best from ashes and progress slowly but surely. This will increase price always.
Price go up from various reasons, most from will to get rich quick.

[bubidan.id]

I don’t think we need some major changes. It’s the acceptance what we need. Onde people recognise all the benefits and start using it more, the value will follow.

Yes, I think like that too. I think Bitcoin has brought many features here, maybe there are some improvements to be more popular and more mainstream. If the confirmation time is faster than the current and lower costs will make Bitcoin more popular and many even merchant will receive and use bitcoin.

[HerbertMarcel]

No new features need to be added bitcoi  is already a popular currency and the demand is increasing day by day, so nothing else to do.

[Gozie51]

What do we also think about the scalability of bitcoin. I think this is the additional thing that will be added to bitcoin that will get it to run on bullish without any further delays.

[figmentofmyass]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

the price will go up when it's good and ready. patience is a virtue.

non-linear scaling mechanisms like the lightning network (once user-friendly) could make BTC more usable and therefore could encourage increased network growth.

but ultimately, there is no "feature" that is going to change things drastically. bitcoin's primary use case is money. it has a limited supply, so as the network grows, price should rise. enjoy the ride!

[Jahmal32]

Does Bitcoin have the ability to cancel a transaction??? Has anyone come across this? Today I experimented with ETH! The transaction which was pending I cancelled it, only paid turns out for gas! I do not know , it would be technically convenient for bitcoin and the system to implement such a function.

[ralle14]

Does Bitcoin have the ability to cancel a transaction??? Has anyone come across this? Today I experimented with ETH! The transaction which was pending I cancelled it, only paid turns out for gas! I do not know , it would be technically convenient for bitcoin and the system to implement such a function.

No, when a Bitcoin transaction is unconfirmed for a very long time there's a possibility that it gets rejected and the spent Bitcoins will be sent back to the address. Nice suggestion however you didn't fully answer the question of OP.

what do you think can cause the price to go up?

I can't imagine any new feature that could make Bitcoin more valuable because every feature has pros and cons. Smart contracts would be cool to see but I doubt that it could boost the price of Bitcoin and it's not new if you're familiar with ETH.

[jonathan6655321]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

Even though bitcoin is very well equipped, I think about one feature that will make bitcoin more valuable and more useful, and that is the "smart contract" feature similar to ETH. Today ETH is used widely just because of this feature. A lot of start up companies use ETH to make their own tokens based on that smart contract algorithm which makes ETH is one of the most used and appreciated cryptos of all time, second to bitcoin.

I think, if smart contract can be made available for bitcoin, it will not only increase the utility of bitcoin, but at the same time, make it more useful for the companies around the world who wants to make their own crypto footprint. More utility means more demand and for the same reason, the price can take few more steps towards moon. Just my 2 satoshis!

I like the point. I think that there is still a long way for mass adoption. The first step will be to improve the UX.

[andrei56]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

We need the lightning network, bitcoin is a currency and the lightning network will make bitcoin overcome its biggest problem which is the scaling problem, once that is taken care of it could be a good idea to have some optional characteristic that made bitcoin truly anonymous for the users that want or need that, and finally smart contracts are a good idea as well.

[hatshepsut93]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

There are different ways how new feature can affect Bitcoin's price. First, there is a speculative effect - when developers announce that they plan to implement a new feature and later report progress on it, the market may consider it bullish news. I believe that the development of Lightning Network is one of the reasons why we had such a big rally in the last year. The second part is when the demand increase after the feature has been released as a direct result of that feature. For example, if Bitcoin will get better privacy, it might get more new users and the price will go up.

The problem with speculative increase is that can be only temporary and the actual usability of a new feature will determine how big the price effect will be.

[h0lybyte]

I know that it's kinda 'big' question but it will be great to see what the community think about that.

what do you think can cause the price to go up?

This is an important question and only well knowledged members who have been trading in cryptocurrencies can answer it precisely.
Besides the anonymity and fastest network confirmation, bitcoin should be accepted globally including minor business owner, this is only possible if governments will allow bitcoin as a legal coin