Important conditions for the progress of bitcoin

[Betwrong]

The more people are using Bitcoin the more stable its price, that's for certain. However, in the beginning of mass adoption the price will be rising until the influx is decreased almost completely. After that the price is going to be more stable than it has ever been because the whales (if any of them will remain by that time) will be unable to manipulate the market to an extent they could before the mass adoption

But there's another pitfall

If mass adoption is followed by a substantial rise in prices (technically, it holds true even if the price remains the same but to a lesser degree in the latter case), which is a plausible assumption in itself, it should at least theoretically lead to higher volatility as market supply remains the same (actually, it should even diminish due to expansion in adoption) and thus less amount of money is required to change the price in either direction. In other words, there will be more and more "whales" sticking around orderbooks as the price keeps on rising

That's an interesting perspective. However, if the mass adoption happens, I think the main source of BTC for new adopters will be the funds of the "whales". It is them who are first to sell when the price is rising, and in some cases, because of that, the price is staying at the same level even though many new people are buying BTC, and in other cases the price is going down because the amount the whales are selling is greater than that what all the new adopters are buying combined. I don't blame the whales, maybe I would behave the same way being them, because it's very tempting when you can get a million USD by selling just a tiny part of the coins you possess. But sooner or later they will come to a point when there will be nothing much to sell. And beginning from that point Bitcoin price can first skyrocket and then stabilize at some pretty high level compared to what we have now.

[deisik]

The more people are using Bitcoin the more stable its price, that's for certain. However, in the beginning of mass adoption the price will be rising until the influx is decreased almost completely. After that the price is going to be more stable than it has ever been because the whales (if any of them will remain by that time) will be unable to manipulate the market to an extent they could before the mass adoption

But there's another pitfall

If mass adoption is followed by a substantial rise in prices (technically, it holds true even if the price remains the same but to a lesser degree in the latter case), which is a plausible assumption in itself, it should at least theoretically lead to higher volatility as market supply remains the same (actually, it should even diminish due to expansion in adoption) and thus less amount of money is required to change the price in either direction. In other words, there will be more and more "whales" sticking around orderbooks as the price keeps on rising

That's an interesting perspective. However, if the mass adoption happens, I think the main source of BTC for new adopters will be the funds of the "whales". It is them who are first to sell when the price is rising

Well, I can't agree with that

If anything, the whales seem to be the last to sell if there is a small price rise. Really, they are already pretty well off, so why should they care if the price rises a couple percent? It just happens that there is not enough demand yet to overcome small sellers and the resistance they put up, i.e. those who desperately want to sell for whatever reason (most likely, for the need of cash). Anyway, have you heard of the twins selling their bitcoins? Neither have I, and I think it is along the same lines with other whales out there

And beginning from that point Bitcoin price can first skyrocket and then stabilize at some pretty high level compared to what we have now

The only possible way Bitcoin can "freeze" is when the total majority of coins is used in the real world. Then the emptiness of the orderbooks won't mean anything as no one will be trading. But that situation looks like a wild fantasy to me (read, it is impossible)

[Betwrong]

~
If anything, the whales seem to be the last to sell if there is a small price rise. Really, they are already pretty well off, so why should they care if the price rises a couple percent?

Considering human nature, there is no such thing as being "well off". First you want a Lambo, then you want a private jet, then you want to buy an island or to construct one, and so on. Why should they care? Well, they are not stupid, they don't want to sell their coins cheap, regardless of how much they have.

It just happens that there is not enough demand yet to overcome small sellers and the resistance they put up, i.e. those who desperately want to sell for whatever reason (most likely, for the need of cash).

You and I will never agree on this one, I guess, because, in my opinion, those selling for the need of cash contribute very insignificantly in the overall selling. Let me explain. Say, a million (I'm sure this number is much smaller, but let's take the upper limit) of the current BTC holders are selling $1,000 worth of BTC each week. That would amount to $1 billion worth of BTC sold each week. Not that much, considering Bitcoin weekly trading volume, right?

Anyway, have you heard of the twins selling their bitcoins? Neither have I, and I think it is along the same lines with other whales out there

Being them, I wouldn't announce to the world every time I'm selling BTC, and I think neither would you. So, actually we can't know for sure whether they are selling or not.

[MakeMoneyBtc]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Its not enough to attract people to buy if you dont teach them about how bitcoin works because the same way that they buy they will also sell it and this will only do much worse to bitcoin market. If you attract people to buy just for the purpose of increasing the price, that will only lead to having more newbies into crypto seeking just profit and thats never good if we need bitcoin to progress more.

[Hardtolife]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

in my opinion the most important factor is that the price of bitcoin cannot be stable at least slightly up and down so people who want to invest are also not afraid to lose if the price is stable. and I hope more and more countries will allow bitcoin as a payment tool and simplify requirements.
And it is expected that many who support bitcoin will be more advanced.

[alyssa85]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Its not enough to attract people to buy if you dont teach them about how bitcoin works because the same way that they buy they will also sell it and this will only do much worse to bitcoin market. If you attract people to buy just for the purpose of increasing the price, that will only lead to having more newbies into crypto seeking just profit and thats never good if we need bitcoin to progress more.

People don't need to understand how things work in order to use them.

How many people understand how email works (the way the pioneers did back in 1990)? Adoption happened when AOL made a nice user interface that handled all the back-end stuff, and people then started using email in their droves.

Once Coinbase and others make it easy to use bitcoin, it will take off.

[deisik]

~
If anything, the whales seem to be the last to sell if there is a small price rise. Really, they are already pretty well off, so why should they care if the price rises a couple percent?

Considering human nature, there is no such thing as being "well off". First you want a Lambo, then you want a private jet, then you want to buy an island or to construct one, and so on. Why should they care? Well, they are not stupid, they don't want to sell their coins cheap, regardless of how much they have

Are you a whale yourself?

If you are not, then you can't actually tell what they really think. To understand a millionaire and his actions (or should I rather say a billionaire here?), you should be the one yourself. Anyway, Bitcoin is more of a store of value than a means of exchange (Lambo included), and I'm sure these folks have enough cash on hand for their daily expenses (whatever those might be)

Say, a million (I'm sure this number is much smaller, but let's take the upper limit) of the current BTC holders are selling $1,000 worth of BTC each week. That would amount to $1 billion worth of BTC sold each week. Not that much, considering Bitcoin weekly trading volume, right?

Selling 1k every week amounts to selling over 4k a month. This is not a small amount even by the first world standards. And I'm not sure about 1 million sellers, either

Anyway, have you heard of the twins selling their bitcoins? Neither have I, and I think it is along the same lines with other whales out there

Being them, I wouldn't announce to the world every time I'm selling BTC, and I think neither would you. So, actually we can't know for sure whether they are selling or not

You are not them, to begin with

But that's the power of the blockchain. Once you make your wallet known to the world (if you are one of the twins, or both), thousands of preying and prying eyes will be watching it day and night

[beerlover]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

People that need to be attracted now are ones that are financially buoyant, because those are the ones that really can make positive impact on the price of Bitcoin. So, the people we need to work on and attract now are those who plays big time roles in the economy, we need large institutions, government, celebrities and people that are very rich.

It is not that the system is limited to the commoners; they are the one that will benefit more from these, because they do invest with little money and you know that little money is not enough to speed up things, that little money will be multiplied by the major players if they can all come into the system now.

[Betwrong]

Are you a whale yourself?

You know, I'm not, right?

If you are not, then you can't actually tell what they really think. To understand a millionaire and his actions (or should I rather say a billionaire here?), you should be the one yourself. ~

No, you shouldn't. If that was the case,

- no serial killer would be caught by police. Those killers are caught exactly because police detectives can figure out the way they think, and thus can predict their next moves.

- Engels and Marx, being rich people themselves, wouldn't be able to write the Communist Manifesto, which poor people adored so much.

- crooks from poor background wouldn't be able to perform their tricks on the rich people, and so on.

Selling 1k every week amounts to selling over 4k a month. This is not a small amount even by the first world standards. And I'm not sure about 1 million sellers, either

Exactly. That is my point. People selling their BTC for the need of cash, can't affect the price moves significantly.

[anthon.stephens]

The main condition is the cost of mining should give a profit of at least 20% per annum.

[deisik]

Are you a whale yourself?

You know, I'm not, right?

Just asking

If you are not, then you can't actually tell what they really think. To understand a millionaire and his actions (or should I rather say a billionaire here?), you should be the one yourself. ~

No, you shouldn't. If that was the case,

- no serial killer would be caught by police. Those killers are caught exactly because police detectives can figure out the way they think, and thus can predict their next moves.

- Engels and Marx, being rich people themselves, wouldn't be able to write the Communist Manifesto, which poor people adored so much

You are wrong on so many grounds

First off, police do consult with psychiatrists as well as condemned serial killers (this is not a secret) on the cases in question and with exactly that aim in mind, i.e. to get better understanding of serial killers' ways and figuring out the way they think. And then, Marx himself was as poor as a church mouse. It was the rich Engels who provided for his sustenance. Other than that, economic theories of Marx are full of crap (for example, his labor theory of value), which actually proves my point

- crooks from poor background wouldn't be able to perform their tricks on the rich people, and so on

In fact, I don't really know if such crooks can actually play out their tricks on wealthy people, especially those who are self-made wealthy, so to speak

[BeGoods]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Attracting people is not enough, because we need a big adoption, not only the adoption of 1 or 2 people, if you want to see progress
quickly happen, we need legality from the government, it is very important for progress and adoption of bitcoin..

[mornabo]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Its not enough to attract people to buy if you dont teach them about how bitcoin works because the same way that they buy they will also sell it and this will only do much worse to bitcoin market. If you attract people to buy just for the purpose of increasing the price, that will only lead to having more newbies into crypto seeking just profit and thats never good if we need bitcoin to progress more.

That's right, but if you tell it clearly and if they are interested, of course they will find out for themselves about bitcoin. I think mass adoption is very important for the progress of Bitcoin in the future. without adoption, there will be no progress, so I'm very happy when someone has the thought of telling their friends about bitcoin

[JohnBitCo]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Demand of bitcoin will make the price of bitcoin reach to the new levels. The main thing which we need to ensure is that bitcoin should be less volatile and not manipulated by he whales. When bitcoin will be stable, a lot many people will come into it and it will be really used as a currency.

[OrangeSeller]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Nice one,. Okay, thanks, but why are you still here since you know that it is not going to repeat? I think you should quit and also leave the forum, instead of looking for people you’re going to deceive. You deceive others to pull out while you continue to hodl yours and wait for bull run. And I hope you’re in shock right now, cause the price is already going up. Some of you say sh#ts that you know nothing about.

[prtty2gal2]

2017 history cannot be repeated, green leaves will continue to turn yellow and fall out as long as 2019 branches will begin to break one by one and large trees will fall in winding storms, it is a picture of Bitcoin in recent months.

I see the balance of the price of bitcoin still far from expectations, because there are several important conditions to be met.

First, of course, the recognition of bitcoin through regulation, so clearly the digital currency can be used as a payment tool for certain posts.

The second is from the crypto market side, there must be an official exchanger and be recognized by the government of each country. If the exchanger is still not regulated, the protocol is also vulnerable to cyber attacks. There is no standardization of fulfillment of feasibility, even though to guarantee consumer safety.

There needs to be cooperation from entrepreneurs to invest in buying Bitcoin with a large amount of scale to support rising price movements.

Let's support Bitcoin...

Nice one,. Okay, thanks, but why are you still here since you know that it is not going to repeat? I think you should quit and also leave the forum, instead of looking for people you’re going to deceive. You deceive others to pull out while you continue to hodl yours and wait for bull run. And I hope you’re in shock right now, cause the price is already going up. Some of you say sh#ts that you know nothing about.

I have not seen anything wrong or discouraging in his post that wilwarrant people to withdraw their investment, and he has not advised any investor or anyone whatsoever to pull out their investment, in fact I see his post as an article that will even build up the patience in people.

He has only made us to know that we should not expect much from 2019, as we still have a lot of fundamental factors that needs to be out in place and corrected for us to witness what we witnessed in 2017, so we have to all join our efforts together with large institutions by making this possible through our investment, that is the point I get from his article.

[Finestream]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Demand of bitcoin will make the price of bitcoin reach to the new levels. The main thing which we need to ensure is that bitcoin should be less volatile and not manipulated by he whales. When bitcoin will be stable, a lot many people will come into it and it will be really used as a currency.

Surely once bitcoin will be adopted by the government then its volatility will no longer be present.It will have its own stable price so that people will be encourage more to use bitcoin rather than fiat currency.I know this will really take long years before bitcoin will be generally accepted in all countries of the world so let's wait for it positively.

[Pattart]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Demand of bitcoin will make the price of bitcoin reach to the new levels. The main thing which we need to ensure is that bitcoin should be less volatile and not manipulated by he whales. When bitcoin will be stable, a lot many people will come into it and it will be really used as a currency.

Surely once bitcoin will be adopted by the government then its volatility will no longer be present.It will have its own stable price so that people will be encourage more to use bitcoin rather than fiat currency.I know this will really take long years before bitcoin will be generally accepted in all countries of the world so let's wait for it positively.

why are you so sure prices will stabilize when bitcoin is adopted by the government? I won't focus too much on that. but true government adoption will provide good progress for the development of bitcoin, arguably what we need now is legalization, it will open up many opportunities for crypto

[upsidedown75]

We only need to attract people to buy, because as we know that the positive movement of the market is influenced by the number of requests and if the demand decreases that means the market situation will decrease so that it also affects the value of Bitcoin.

Demand of bitcoin will make the price of bitcoin reach to the new levels. The main thing which we need to ensure is that bitcoin should be less volatile and not manipulated by he whales. When bitcoin will be stable, a lot many people will come into it and it will be really used as a currency.

Surely once bitcoin will be adopted by the government then its volatility will no longer be present.It will have its own stable price so that people will be encourage more to use bitcoin rather than fiat currency.I know this will really take long years before bitcoin will be generally accepted in all countries of the world so let's wait for it positively.

why are you so sure prices will stabilize when bitcoin is adopted by the government? I won't focus too much on that. but true government adoption will provide good progress for the development of bitcoin, arguably what we need now is legalization, it will open up many opportunities for crypto

I think I will follow that line of thought too that prices may become stable when government regulate it because there will also be some laws guarding against some movement just like they did in stock exchanges and aside that, confidence is in the system is what will make the prices stabilize.

People, institutions and investors will rely more on the system and will make them see a better future in it, thereby leading to them holding and keeping their coins in the market for so long without touching it or dumping it, if we don’t have investment dumping, then price may become quite stable, but not that we will still not see some volatility, just would not be as much as when it was not regulated.

[daarul50]

I think I will follow that line of thought too that prices may become stable when government regulate it because there will also be some laws guarding against some movement just like they did in stock exchanges and aside that, confidence is in the system is what will make the prices stabilize.

People, institutions and investors will rely more on the system and will make them see a better future in it, thereby leading to them holding and keeping their coins in the market for so long without touching it or dumping it, if we don’t have investment dumping, then price may become quite stable, but not that we will still not see some volatility, just would not be as much as when it was not regulated.

If global regulations are applied related to bitcoin, then this is very contrary to the principles in bitcoin. Bitcoin does not need regulation but requires an acknowledgment and support from all governments in the world as another option in a transaction.