Hesoyam20 (OP)
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September 17, 2018, 11:38:57 AM |
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Many people miss the year 2017 December 16 that bitcoin reached $19,343.04 but now bitcoin is only $6,497.37 so the question of this how we can help Bitcoin to get back to its price again ?
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Rameshvijay45
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September 17, 2018, 12:15:24 PM Last edit: September 17, 2018, 12:25:56 PM by Rameshvijay45 |
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Many people miss the year 2017 December 16 that bitcoin reached $19,343.04 but now bitcoin is only $6,497.37 so the question of this how we can help Bitcoin to get back to its price again ?
i don't know the technical reasons why the price going down.but I was sharing what's in my mind. I think it's not it our hand.there are lot of reasons why the bitcoin price was going down. For Example: few countries was restricted,banned and says illegal of cryptocurrency activities.due that most of people (top investors) was start selling the bitcoins.so the value goes down. I am from India.in India also cryptocurrency activity stays as illegal but currently the case is on court waiting for Good news to say it was legal. If restricted countries Adopt the bitcoin .then the more investors will come and we will the price again of December 2017.
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OURZNetwork
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September 17, 2018, 12:26:07 PM |
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I think a combination of both is required
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danherbias07
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September 17, 2018, 12:33:23 PM |
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Make the supply as low as it can get. Because of that price also that is why too many holders of bitcoin sold it and why we have this kind of price now.
If ever, do not let it happen again. Make the number of bitcoin be scattered to average people and not to a group of whales who could manipulate the market.
Twitter, facebook and medium. All of this can help once you share the good news.
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Kakruzo12
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September 17, 2018, 12:44:46 PM |
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i think all we need to do is to buy and hold it ... the price of bitcoin is going up because its getting harder and harder to mine and create more of it
The more people hold, the harder it becomes to manipulate the price.
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Skydreamer19
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September 17, 2018, 12:48:27 PM |
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Make the supply as low as it can get. Because of that price also that is why too many holders of bitcoin sold it and why we have this kind of price now.
If ever, do not let it happen again. Make the number of bitcoin be scattered to average people and not to a group of whales who could manipulate the market.
Twitter, facebook and medium. All of this can help once you share the good news.
This is very helpful advice from a Legendary member.
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livingfree
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September 17, 2018, 12:49:28 PM |
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As a small fish, there's nothing I can do but to hold and spread the word for bitcoin. But not all the time its been into holding because I also help into adoption by using bitcoin. That increases the demand and adoption if we are helping by using it. i think all we need to do is to buy and hold it ... the price of bitcoin is going up because its getting harder and harder to mine and create more of it
Buying is what we really need to do to make the price goes up because if there's no one that's buying, there will be no demand but as the buy orders are increasing it will make the price higher.
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Skydreamer19
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September 17, 2018, 12:50:26 PM |
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I think both of that you said is correct and also the reply of danherbias07 so that bitcoin can maintain its Price. A very helpful Post Hesoyam20.
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eann014
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September 17, 2018, 12:51:43 PM |
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Many people miss the year 2017 December 16 that bitcoin reached $19,343.04 but now bitcoin is only $6,497.37 so the question of this how we can help Bitcoin to get back to its price again ?
We cannot help bitcoin to reach that amount again ($19,343.04), why? because a lot of big investors now turn their back to bitcoin because they scammed by someone or somebody uses bitcoin. They think that bitcoin is a scam which is not, the truth is, they've invested their money with a wrong company or persons. scammers use bitcoin to get multiple investors before and I think that is the biggest part of bitcoin that lost now, that is why bitcoin drops as fast as the rocket.
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Kakruzo12
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September 17, 2018, 12:57:07 PM |
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Make the supply as low as it can get. Because of that price also that is why too many holders of bitcoin sold it and why we have this kind of price now.
If ever, do not let it happen again. Make the number of bitcoin be scattered to average people and not to a group of whales who could manipulate the market.
Twitter, facebook and medium. All of this can help once you share the good news.
That may not really help, as manipulation takes place on exchanges, while exchanges doesn't have as many crypto as they claim to have. This actually means they trade air, which is also the reason for sudden "technical problems" occurring at the times of big withdrawals.
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geminiboy
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https://ammut.network/
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September 17, 2018, 01:04:48 PM |
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As a small fish, there's nothing I can do but to hold and spread the word for bitcoin. But not all the time its been into holding because I also help into adoption by using bitcoin. That increases the demand and adoption if we are helping by using it. i think all we need to do is to buy and hold it ... the price of bitcoin is going up because its getting harder and harder to mine and create more of it
Buying is what we really need to do to make the price goes up because if there's no one that's buying, there will be no demand but as the buy orders are increasing it will make the price higher. buying to increase the price value of btc requires big capital, we have to have a large community to do that, most people in this forum are just prize hunters, they can't afford to buy with high volume funds
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Mongoll
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September 17, 2018, 01:05:59 PM |
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Many people miss the year 2017 December 16 that bitcoin reached $19,343.04 but now bitcoin is only $6,497.37 so the question of this how we can help Bitcoin to get back to its price again ?
We can not do anything. Is that to keep their bitcoin and encourage others to do the same. But this will not help much. It is not a secret for any of us that the crypto-currency market is subject to manipulation. False news, insider information - all this plays into the hands of large market players. When you have a lot of money, you can always pay a little bit, so that the news is useful to you in the media. The price of bitcoin will always be tied to the average payback of mining. With the increase in costs for mining, the minimum price of bitcoin will also increase. After all, if it falls for a long time below the profitability of mining, people will simply disconnect their farms and the whole system will die. Thus, I believe that we should not try to increase the price of bitcoin, but use every drop in order to buy as much as possible.
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Mongoll
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September 17, 2018, 01:08:20 PM |
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The biggest players will not let bitcoin die. After for them bitcoin is not a currency - it's a whole system, allowing you to make money from the air. In the event that mining becomes unprofitable, you will see a huge amount of positive news about bitcoin, you will see a large inflow of capital and increased interest among people.
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Mongoll
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September 17, 2018, 01:12:39 PM |
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As a small fish, there's nothing I can do but to hold and spread the word for bitcoin. But not all the time its been into holding because I also help into adoption by using bitcoin. That increases the demand and adoption if we are helping by using it. i think all we need to do is to buy and hold it ... the price of bitcoin is going up because its getting harder and harder to mine and create more of it
Buying is what we really need to do to make the price goes up because if there's no one that's buying, there will be no demand but as the buy orders are increasing it will make the price higher. buying to increase the price value of btc requires big capital, we have to have a large community to do that, most people in this forum are just prize hunters, they can't afford to buy with high volume funds Look at the wallets of the whales of the market. How many people you have not collected, you can not compete with large funds and large holders of tokens. The situation could be changed by the opportunity to resurrect the dead wallets. And then, I'm not entirely sure that the volume would be enough. Somewhere it was written that after the closure of the silk road, all the bitcoins of the owner of this marketplace moved to FBI, making them second in the world in the number of bitcoins.
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Mongoll
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September 17, 2018, 01:19:08 PM |
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Many people miss the year 2017 December 16 that bitcoin reached $19,343.04 but now bitcoin is only $6,497.37 so the question of this how we can help Bitcoin to get back to its price again ?
We cannot help bitcoin to reach that amount again ($19,343.04), why? because a lot of big investors now turn their back to bitcoin because they scammed by someone or somebody uses bitcoin. They think that bitcoin is a scam which is not, the truth is, they've invested their money with a wrong company or persons. scammers use bitcoin to get multiple investors before and I think that is the biggest part of bitcoin that lost now, that is why bitcoin drops as fast as the rocket. The people you are talking about are not big investors, but fools. Even the forex and stock markets are arranged so that when you earn - someone else suffers losses. Bitcoin is a system that needs to be understood. And these big players know this. Therefore, they skillfully manipulate the news, and consequently the minds of other people. A person can not be considered a major investor if he does not understand the movements of the market. It will be just a big hamster. And there is nothing surprising in that it is sheared. Because he must learn and understand how bitcoin and the whole market are arranged. The price of bitcoin can be increased by bringing new big players to the market. But as a rule, large funds will not work where there are no regulators. After all, in case of losses, such players will not be able to resolve any disputable issues afterwards. And the big players are big because the losses will be big.
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Mongoll
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September 17, 2018, 01:40:07 PM |
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i think all we need to do is to buy and hold it ... the price of bitcoin is going up because its getting harder and harder to mine and create more of it
The more people hold, the harder it becomes to manipulate the price. This is an interesting thought. But it takes a long time to buy back volumes from large ones. In addition, whales can control the news with the help of good old dollars. And they, selling us bitkoyny-will use this opportunity. In addition, if we break the volume among ordinary people, then we will kill the liquidity of bitcoins. Among the holders of crypto currency are many people who will immediately sell their assets, immediately as their price will grow a little. Because bitkoyn for us - this is not a means of storing / fixing profits, but a way of speculation. Very few people are interested in bitcoins as a currency. Many more people want to exchange it for a dollar. In addition, players are large useful to the market also because they will be used in all ways to maintain the liquidity of their assets. But ordinary people will not. They will simply sell their bitcoins at a less favorable price than they will again provoke the fall of bitcoins. So sooner or later a clever big player will again collect a large amount of bitcoins, having spent at least his own means on them. Ordinary traders could pool into pools. But then, they will not differ from funds and other whales of the market. Manipulation by price is rather a plus of the crypto-currency market. Correctly thinking, you can always choose a strategy, after which you can wedge into the plan of the whale and make good money on it.
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Mongoll
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September 17, 2018, 01:43:15 PM |
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Many people miss the year 2017 December 16 that bitcoin reached $19,343.04 but now bitcoin is only $6,497.37 so the question of this how we can help Bitcoin to get back to its price again ?
i don't know the technical reasons why the price going down.but I was sharing what's in my mind. I think it's not it our hand.there are lot of reasons why the bitcoin price was going down. For Example: few countries was restricted,banned and says illegal of cryptocurrency activities.due that most of people (top investors) was start selling the bitcoins.so the value goes down. I am from India.in India also cryptocurrency activity stays as illegal but currently the case is on court waiting for Good news to say it was legal. If restricted countries Adopt the bitcoin .then the more investors will come and we will the price again of December 2017. Bitcoin will continue to fall. Mt.Gox began to pay compensation. And for this he uses a large amount of bitcoins. I very much doubt that everyone will immediately run HODL!
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Mongoll
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September 17, 2018, 01:46:05 PM |
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i think all we need to do is to buy and hold it ... the price of bitcoin is going up because its getting harder and harder to mine and create more of it
This seems logical, but the price of mining does nothing to increase the price. Because the main school of traders are not engaged in mining. For them, only the purchase price and the sale price are important. The price of mining is not interesting to them.
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ranman09
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September 17, 2018, 01:53:06 PM |
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Make the supply as low as it can get. Because of that price also that is why too many holders of bitcoin sold it and why we have this kind of price now.
If ever, do not let it happen again. Make the number of bitcoin be scattered to average people and not to a group of whales who could manipulate the market.
Twitter, facebook and medium. All of this can help once you share the good news.
Agreed share bitcoin news and good experiences on bitcoin. Positive experiences bring out more people here and maybe acquire bitcoin. This way as danherbias07 says, the market will stabilize.
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