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Author Topic: A quick thought on how to help/save bitcoin.  (Read 336 times)
isaac_clarke22
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March 30, 2021, 06:39:21 AM
 #41

If I was just an ordinary human being that scrolls down in Twitter, Facebook or even Reddit and I managed to read that post with plenty of heart, retweet, etc, I would most likely just skip it.

I would think of it as shilling a coin and it could be a purely a scam.

Let people decide on their own whether they want to invest something in Bitcoin or not. I already tried that with my other friends and they don't even care.
Oh would you look at that whopping 20k -> 57k increase.

So no, I don't think your suggestion would help OP.
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March 30, 2021, 11:03:47 AM
 #42

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?


So basically you are asking to create a FUD from the people,
Yes it could work but there is also a chance that it wouldn't.
It has been done before and it needs to be created with some back up not just a pure bluff.

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March 30, 2021, 11:49:00 AM
 #43

Yes that's true, in fact in 2017 bitcoin was really hype as well. The price rocketed quite great that time, and btc is really popular that many people wanted to buy it. However, it didn't last really long, not even a year later i guess the price started to decrease a lot, many people lost their interest and trust in bitcoin, and even i thought that it might be the end.
However, now, bitcoin came back again, and even sixth or even seventh time higher than that time. It's a lot of thanks to the infouencer as well though, so i really believed that the words from influencer or trends can really affect bitcoin price. I hope btc won't suddenly decrease a lot like before, but keep getting higher or staying stable.

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March 30, 2021, 12:47:52 PM
 #44

Yes that's true, in fact in 2017 bitcoin was really hype as well. The price rocketed quite great that time, and btc is really popular that many people wanted to buy it. However, it didn't last really long, not even a year later i guess the price started to decrease a lot, many people lost their interest and trust in bitcoin, and even i thought that it might be the end.
However, now, bitcoin came back again, and even sixth or even seventh time higher than that time. It's a lot of thanks to the infouencer as well though, so i really believed that the words from influencer or trends can really affect bitcoin price. I hope btc won't suddenly decrease a lot like before, but keep getting higher or staying stable.
I believe that the current cryptocurrency market is much more stable than in 2017 and, accordingly, the bull run should be longer than it was at that time. At least in 2017, the bull run lasted an average of one year, and on this basis, the current bull run should last at least until the end of 2021. At the same time, one should take into account the fact that in 2017 there were about 30 market corrections.Therefore, there is no need to panic today, because corrections have always occurred in the cryptocurrency market. The main thing is not to succumb to the influence of real alarmists.
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March 30, 2021, 12:49:24 PM
 #45

I also notice that a simple tweet from a person who has one of the biggest names in the world can manipulate the price of the bitcoin or any cryptocurrency that they are going to mention in a tweet, but this is not a solid manipulation because it will last only for a short time. The best thing to do about it is you have to buy immediately once they have tweeted and mention a cryptocurrency and observe the market then just sell it if there is a simple movement that you have seen.

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March 30, 2021, 11:12:27 PM
 #46

That's unlikely. Even a large group of people won't have that much effect as one or several influential people. How many Bitcointalk members are there, around 3 million? There are, however, many non-active members or people who only post in locals, don't enter this thread.
Let's assume there are about 50k active users which will actually read your suggestion here and agree to support it and that each one of them actively uses Twitter and has at least 100 followers, which will take seriously whatever you post on Twitter (and I am already rounding up a lot and looking at the best-case scenario).
That'll give us, what, 5 million views? But popular people have 40-60 million at least and there's a much higher chance that someone will retweet them and they'll be recognized by serious organizations.
So nope, that won't help to hit the new ATH. But why would you want that in the first place? The price is stabilizing now, let it be. Personally, I don't miss price runups and high fees, do you? Cheesy
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March 30, 2021, 11:23:02 PM
 #47

This only will work for a popular ucbiul figure. You know, how many people have tweeted about cryptocurrency so far? So many people. Moreover, they also promoted new projects also. But it will never work at all. Because we are no one. The tweet will work to make people hype and FOMO and then becomes pump because they are popular, rich, and also have a big influence on the world.

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March 30, 2021, 11:56:53 PM
 #48

What actually keeps the price of bitcoin going forward is real demand and supply theory, doing a serious campaign tweeting on Twitter would perfectly affect the price of bitcoin but that wouldn't last for a long term, this in turn is just the same thing that happened when Elon will add a coin name in his profile, the coin will skyrock but suddenly fall drastically, it a just a matter of excess hype but not demand and supply rules, the essence of having a good and decent rise at which it goes for a long time is actually the multiple holders of bitcoin.
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March 30, 2021, 11:59:31 PM
 #49

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?


Adoption is all we need and not that tweet post or trend just to make the price reach some ATH because this wont really be sustainable for long term.

Saving bitcoin or help to rise up? It doesn't really need at all because things would just go normally depending on how the entire community will be supporting it.

Thing here is that you do know on how to ride up with the waves for you to make profits out of those movements instead on minding on how we should
make it pump.

R


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March 31, 2021, 07:18:55 PM
 #50

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?



Sometimes the best help is not to try to help. Because very often our good intentions may cause harmful effect on the process that is going good enough without our participation. In my opinion the activity in social media is very intensive nowadays with lots of hashtags, comments and so on. In order the Bitcoin topic will not be banned like the virus topic, it is better not to hurry up the processes that are going on successfully enough without artificial activity.
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March 31, 2021, 07:23:23 PM
 #51

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?


Bitcoin will do whatever the whales want. Right now the whales want a higher price and it goes higher. Little people's ability to move the markets is very limited. Only a guy like Elon can do stuff like that because his influence over the markets is huge and as you know Elon is a whale too.

tldr; if you want to price fix the markets, be a whale.

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March 31, 2021, 07:43:59 PM
 #52

It would do a lot a few years ago where awareness was much lower. Now with high awareness and high price there's hardly any people who don't know about bitcoin.

Maybe in poor societies you could still educate people but this won't move the price. Poor people don't have a lot to spend and the rich already know about this investment opportunity.

Tweeting and stuff is always good but I don't think it's going to move the price. You need millions of dollars to do anything.
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March 31, 2021, 07:57:14 PM
 #53

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?



As we have seen a similar example before which affected the price in a good way, I think we can produce the same effect by tweeting etc. too much on social media also. It can really make things easier for the price to reach a new ATH.

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April 03, 2021, 01:15:27 PM
 #54

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?



I do not think that such actions will affect the market in any way and raise the price of Bitcoin. In my opinion, the main thing is the demand, it determines the price and the direction of the price of Bitcoin.
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April 03, 2021, 03:09:03 PM
 #55

The bitcoin price movement will not always up every momment, there will be a time for the price drop or meet a correction to make the investor believe that the movement price is not pump and dump scheme. Yeah, we have been witnessed many time bitcoin is being used as pump and dump scheme and this thing always happened is low time frame.

I mean, we can force bitcoin price always up. We need to know a good situation to make really know that the instutional investor is also think that bitcoin is really worth and the situation can make them get a huge profit. Like, when we see a good news then we can update it to our social media. This thing will really have bitcoin touch new all timr high.
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April 03, 2021, 03:22:41 PM
 #56

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?


What made a difference if you refer to Elon's tweets is that actually went on to do what he wrote. He said he was going to buy bitcoin and he did, he said he was going to allow Tesla's customers to but Teslas with bitcoin and he delivered.
There's a huge difference in talking and doing, do you know what I mean?
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April 03, 2021, 03:27:29 PM
 #57

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?



It is genrally considered as manipulation.
Musks tweet and news about BTC being accepted had such a big impact also because it was the first time big company is accepting BTC as payment not to mention that Elon is the '' god'' of tech.

Also you wont be able to move BTCs price much it now has a lot of volume , most likely it could move btc a little bit and then it would go stright back down.

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April 03, 2021, 03:39:12 PM
 #58

you can't bro, everything that is done is already a special strategy. and usually done by big influencers, or big companies that have a lot of money. people will easily believe that the price will be able to have a high price. So I thought this was ridiculous and couldn't work out easily
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April 03, 2021, 06:00:49 PM
 #59

I don’t think it’ll work, because as most people here says you are manipulating Bitcoin price. And for a short amount of time? The only way you could possibly manipulate Bitcoins price is to buy a lot of Bitcoin, so when you want to play with the market; as what some whales do, you can then try to save/help Bitcoin by then according to you.
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April 04, 2021, 04:45:28 PM
 #60

Just a thought, We have all witnessed how just a tweet from a top individual in society can influence the price of bitcoin. We have also seen many people tweet about something so much, it becomes a trend and something popular that almost everyone hears about. This has got me thinking; if we all collectively pick a day or a period of time and all agree to tweet, post and create a trend about bitcoin that will last a while on twitter or any other social media platform, will this help the current price of bitcoin get to a higher ATH?


I don't think there will be enough people interested in this venue to achieve the same effect as has a tweet by someone who has millions of subscribers. Moreover, even the effect of such tweets is hard to determine. For one, they might coincide with some serious actions (they can announce a decision to adopt Bitcoin at some level rather than just announce some opinion about Bitcoin). Another thing is that they can be popularized a lot by media outlets which might not do the same for an online flash mob. Furthermore, this usually doesn't make lasting changes to the price, so even if this whole thing is very successful, it will drive the price up only briefly, and then the price will fall back due to the lack of support.

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