Despite the Price, Great things are happening in the Bitcoin Ecosystem

[asimi.io]

The present day undergo market is on each person’s minds. Doom and gloom are in each chart and metric. But, there is a lot to be enthusiastic about for Bitcoin Holder's and followers. Underneath is a listing of exciting matters taking place in Bitcoin.

Bipartisan Bitcoin Bill
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Source: https://bitcoinmagazine.com/business/despite-the-bitcoin-price-great-things-are-happening

[jackg]

Bear markets are normally the times new innovations get built/activated in the ecosystem as tests are considered safer.

There have been a lot of examples of blockchain development companies (and some exchanges) taking on extra developers/staff and trying to attempt more projects than they would've been during the bull market.

[PX-Z]

It's pretty normal. Upgrades, BIP, or authority related laws/bill will undergo no matter what's the bitcoin situation related to its value whether its om bear or bull market.
But its pretty assuring if upgrades done in bear market like this to at least increase the community's hope despite of the lost in this bear season.

[Davidvictorson]

I'm really curious to know how the Bipartisan Bitcoin Bill whenever it is passed would influence the outlook of digital currencies in other countries of the world. Especially those countries that have prohibited bitcoin transactions. Would they make a U-turn and take a leaf from the US?
On the other hand, despite the price people in Gaza, Ukraine and Afghanistan are turning to bitcoin to for survival.

[tbct_mt2]

History of Bitcoin. This war, this recession is not a first or the last challenge for Bitcoin in its history. It was created to be a part of our society from financial, social to political aspects so it must go through all challenges our society has.

With 21M, a fixed total supply, it has a capability against inflation but along its ageing, it can not rise forever in price. Fortunately, price can not grow forever but value grows gradually and stably with time.

[Husires]

Technical developments rarely affect the price positively or negatively, so it is impossible to say that with positive technical news, it affects the price, but it affects the overall adoption of the network.

Nice to see low rates of fees when we make transfers with instant confirmations.
Just remembered 2017 days when you need to pay more than 100$ as fees

[coupable]

Bipartisan Bitcoin Bill
Lightning Finance
Taproot Support
Taproot Asset Presentation Overlay


Source: https://bitcoinmagazine.com/business/despite-the-bitcoin-price-great-things-are-happening

Unfortunately, despite all these positive indicators, what really affects the price of Bitcoin and its spread is the psychology of naive users, which is affected by circumstantial variables. All products are subject to the principle of supply and demand, and in the case of Bitcoin, this principle is affected by the psychology of users and not by the real need to offer or demand it, since most users are investors and do not use Bitcoin doing other businesses such as using it to buy and sell products.

[mk4]

There has always been sort of "good news" even in bear markets. Doesn't necessarily mean anything in terms of price, as BTC's price goes down in bear markets mostly irregardless of news. Sort of "good news" only gives bitcoin small pumps, but ultimately — the price goes down anyway.

[DapanasFruit]

Positive developments in the world of Bitcoin when we are facing a big bear cycle is actually one of the many ironies we are witnessing right now. And this is really good...to see these things which can have far-reaching impact on the whole crypto industry. What I understand is that platforms that are introducing many good innovations during the bear market are usually prone to be big winners once the bull season has come.

[Kemarit]

Regardless of the market cycle though, developments are going to be  there. It just so happen that we are in bear market right now, so even if there is a lot of positive news, it might not be enough to bring the market up to a certain level. So it's not that this news doesn't have an impact it will, might not be felt in short term. Maybe when we are in a bull run, we will go back and see what happen in 2021.

[livingfree]

Good news are being ignored during the bear market because its effect is being eaten by it.

I can remember that there were also good news on 2018 but they weren't good enough to lift up the market. And that's the same situation right now although it's a little bit different.

These effects that we've got right now, they'll take place for its effect in the long run.

[MinMan]

It’s about time people realized that Bitcoin has made so much name that no matter the market condition it finds itself, albeit bullish or bearish, greater things would still be happening with it.

Bear markets like this are when investors and traders get to maximize the market potentials to the fullest by accumulating as many assets as possible due to the price drop at that current moment. Apart from this, there are numerous developments ongoing or already completed in the crypto space – this goes to show that we are going all in for the new digital world with Bitcoin.

There has always been sort of "good news" even in bear markets. Doesn't necessarily mean anything in terms of price, as BTC's price goes down in bear markets mostly irregardless of news. Sort of "good news" only gives bitcoin small pumps, but ultimately — the price goes down anyway.

All this is actually made possible through those investors and traders who are able to understand the market movements – most people prefer a certain market condition to the other – it could be BEAR or BULL, they just need one to explore but we have people that make absolute use of both conditions. For these sets of people, there’s always good news for them, as they know how to maneuver the situations in their favor.

[Apocollapse]

Bitcoin development always improve from time to time regardless of the price, this because many people trust Bitcoin and want to contirbute as much as they can if they find something that need to be improved to make Bitcoin become almost perfect currency due to decentralization.

If you're wondering about the improvement about Bitcoin, you can check yourself on Bitcoin github here https://github.com/bitcoin

Another thing is Central African Republic announce to accept Bitcoin as a legal tender during Bitcoin price decrease, it doesn't stop the Bitcoin adoption.

[buwaytress]

Perhaps it's not so much despite of, but because of

When you're flushing out the speculators and gamblers, when you're purging those who aren't really that interested, the noise lowers and those actually building and developing (and using) become clearer.

Of course some argue that funding also dries up, but since when has real invention and innovation relied absolutely on that kind of hype funding, anyway?