What do you think Bitcoin Market Need Promotes for Price up ?

[Gozie51]

For the short term, we can expect dips happening every now and then, and currently as we saw, Bitcoin's price was struggling to go above $31k even after trying so much, which shows that there isn't much buying pressure on the market which is why it was struggling to go up, so we can expect small dips from here.

I also consider this drop to be possible with the week's volatility that has been more of dropping than bull. And usually this season that halving is expected is not a very good time for long and most traders understand it, they would not through caution into the wind. This explains to me why the little drops have been occuring lately and the $30k range of support is gradually giving way and resting on $29k for the past week,

[JoyMarsha]

I am Seeing Bitcoin Market is Not good Its Correction every Time 
It can Hit $25000  ?

It can also hit $40k before the end of this year. Don't let the current bitcoin price deter you from purchasing bitcoin when it is offered at lower prices. When the price of bitcoin declines, if you are focused on a long-term investment strategy in bitcoin, you will be pleased since it will allow you to add more bitcoin to your portfolio. Simply see this bitcoin correctional phase as a phase that will soon pass, and you will profit handsomely in the following chapter (bull run) that will occur in 2024.

Hold onto your bitcoin and continue to accumulate more. Think about the price in the future rather than the price right now. I would propose you do that.

[19Nov16]

Some top exchanges such as crypto.com, Coinbase and more continue to actively promote, even crypto.com is an official UFC sponsor for more than 2 years, of course this is a good indication that more users understand and understand about cryptocurrencies.

[Reatim]

I am Seeing Bitcoin Market is Not good Its Correction every Time  
It can Hit $25000  ?

hit 25k ? do you mean Will bitcoin fall to 25k once again? well just this year bitcoin falls bellow 25k and just recently
 that it took over that momentum and break 25k running to 31k .

but as you are only looking about the corrections , then how come that there are correction everytime when we have only
corrected few times after hitting 30k and above?

but asking what market needs to promote the price to climb again? when you are asking if the value will fall down bellow ?

if you are truly interested to learn what can be done for bitcoin to climb up , then you must also learn to help it grow
 for not posting this same thread again lol.

like sharing here what is good about bitcoin and what are the qualities for people to invest and use it and not to look about the negativity ,
 because you are only helping this to drop low.

[Davian144]

Some top exchanges such as crypto.com, Coinbase and more continue to actively promote, even crypto.com is an official UFC sponsor for more than 2 years, of course this is a good indication that more users understand and understand about cryptocurrencies.

The exchange only promotes itself to many people, not promoting Bitcoin or cryptocurrency. Even though there is little effect for Bitcoin and other cryptocurrencies on this, basically exchanges only care about their own promotion in this regard. Moreover, being a sponsor is not a free job because the stock exchange also spends money to be able to sponsor certain sporting events and this is almost the same as Cyptodata in world racing events.

[justdimin]

hit 25k ? do you mean Will bitcoin fall to 25k once again? well just this year bitcoin falls bellow 25k and just recently
 that it took over that momentum and break 25k running to 31k .

but as you are only looking about the corrections , then how come that there are correction everytime when we have only
corrected few times after hitting 30k and above?

but asking what market needs to promote the price to climb again? when you are asking if the value will fall down bellow ?

if you are truly interested to learn what can be done for bitcoin to climb up , then you must also learn to help it grow
 for not posting this same thread again lol.

like sharing here what is good about bitcoin and what are the qualities for people to invest and use it and not to look about the negativity ,
 because you are only helping this to drop low.

I believe that we are not going to end up being something that would be good at the end of the day. I believe that it will take some time but it will be as good as it gets when the time comes. Hopefully they are going to be a bit of different nature because people out there will always think about the worst possible situation sometimes, there are those kind of people who just keep thinking about the bad things that could happen in life.

I am not really arguing with them, I mean there are situations when the worst thing that could possibly happen may end up being the result, but we all know that's not always the case, and the best possible one is usually not the case neither, it's almost always somewhere in the middle.

[South Park]

Some top exchanges such as crypto.com, Coinbase and more continue to actively promote, even crypto.com is an official UFC sponsor for more than 2 years, of course this is a good indication that more users understand and understand about cryptocurrencies.

The exchange only promotes itself to many people, not promoting Bitcoin or cryptocurrency. Even though there is little effect for Bitcoin and other cryptocurrencies on this, basically exchanges only care about their own promotion in this regard. Moreover, being a sponsor is not a free job because the stock exchange also spends money to be able to sponsor certain sporting events and this is almost the same as Cyptodata in world racing events.

And even if they are in a way promoting this market they are only doing so because at the end they get a benefit for themselves, besides it can be argued that such efforts are nowhere near as effective as we may think, as the majority of the people that are adopting bitcoin and other cryptocurrencies are doing so because they are ready to do so, if all of that money was invested on the early days of bitcoin it would have made no difference as very few people would have been interested in bitcoin when it had hardly any volume or value at all.

[_BlackStar]

-snip-

The exchange only promotes itself to many people, not promoting Bitcoin or cryptocurrency. Even though there is little effect for Bitcoin and other cryptocurrencies on this, basically exchanges only care about their own promotion in this regard. Moreover, being a sponsor is not a free job because the stock exchange also spends money to be able to sponsor certain sporting events and this is almost the same as Cyptodata in world racing events.

I think this is a misleading assumption - of course because basically both centralized and decentralized exchanges play an important role in terms of increasing bitcoin adoption. Exchanges act as a bridge that can connect trader with cryptocurrencies including bitcoin. So it is clear they have a role to play in the growth of the crypto community and users in the places where they operate their services.

The exchange serves its customers to trade and bitcoin is one of the most traded assets there. You can't say an exchange doesn't promote bitcoins - but maybe they don't mention it specifically.

[AmoreJaz]

-snip-

The exchange only promotes itself to many people, not promoting Bitcoin or cryptocurrency. Even though there is little effect for Bitcoin and other cryptocurrencies on this, basically exchanges only care about their own promotion in this regard. Moreover, being a sponsor is not a free job because the stock exchange also spends money to be able to sponsor certain sporting events and this is almost the same as Cyptodata in world racing events.

I think this is a misleading assumption - of course because basically both centralized and decentralized exchanges play an important role in terms of increasing bitcoin adoption. Exchanges act as a bridge that can connect trader with cryptocurrencies including bitcoin. So it is clear they have a role to play in the growth of the crypto community and users in the places where they operate their services.

The exchange serves its customers to trade and bitcoin is one of the most traded assets there. You can't say an exchange doesn't promote bitcoins - but maybe they don't mention it specifically.

i am with you here. without those exchanges, a lot of people don't know how to convert their crypto to their fiat. and how can they use their crypto in their daily living? not all merchants are accepting crypto as payment method, thus, they still need to convert their crypto to their own fiat. that alone is a very good use case of exchanges, and that involves adoption.

[Baofeng]

-snip-

The exchange only promotes itself to many people, not promoting Bitcoin or cryptocurrency. Even though there is little effect for Bitcoin and other cryptocurrencies on this, basically exchanges only care about their own promotion in this regard. Moreover, being a sponsor is not a free job because the stock exchange also spends money to be able to sponsor certain sporting events and this is almost the same as Cyptodata in world racing events.

I think this is a misleading assumption - of course because basically both centralized and decentralized exchanges play an important role in terms of increasing bitcoin adoption. Exchanges act as a bridge that can connect trader with cryptocurrencies including bitcoin. So it is clear they have a role to play in the growth of the crypto community and users in the places where they operate their services.

The exchange serves its customers to trade and bitcoin is one of the most traded assets there. You can't say an exchange doesn't promote bitcoins - but maybe they don't mention it specifically.

i am with you here. without those exchanges, a lot of people don't know how to convert their crypto to their fiat. and how can they use their crypto in their daily living? not all merchants are accepting crypto as payment method, thus, they still need to convert their crypto to their own fiat. that alone is a very good use case of exchanges, and that involves adoption.

Yeah, it's similar to stock exchange platform. The thing is that crypto exchanges are very unique though, and most likely this is the cases why regulators go after it in the last 5 years or so because we can easily convert our crypto->fiat without any trace in the beginning.

Although we have DEX right now that can also used, volume is low and so as much as we know that there is KYC in some exchanges, we still do go with CEX because it's easy for us. As for the promotion of bitcoin, I'm one of those who just want bitcoin to go on it's natural course, with or without any promotion.

[Odusko]

The simplicity of the answer to this question is in the understanding of the fact that Bitcoin has in the past created a history and pattern that have allowed for its growth organically and with that what is needed is my pressure in the buy direction and less sell that is the only key factor that will drive the price of bitcoin forward.

So there is no need for so much promotion and you don't need to worry yourself so much about Bitcoin penetration and adoption those that are destined to use Bitcoin both in the long term and short term perspectives are going to locate Bitcoin in whatever ways.

[suzanne5223]

The simplicity of the answer to this question is in the understanding of the fact that Bitcoin has in the past created a history and pattern that have allowed for its growth organically and with that what is needed is my pressure in the buy direction and less sell that is the only key factor that will drive the price of bitcoin forward.

So there is no need for so much promotion and you don't need to worry yourself so much about Bitcoin penetration and adoption those that are destined to use Bitcoin both in the long term and short term perspectives are going to locate Bitcoin in whatever ways.

You have a point about there being no need for any sort of promotion for Bitcoin because it has passed the verge of that ever since institutional investors and big multinational investment companies have an interest in it. However, a lot of BTC investors seem not to focus on or ignore the fact about history and pattern created to maintain BTC price inflation aka a 4years cycle, and before it happened market correction must occur.

[TravelMug]

The simplicity of the answer to this question is in the understanding of the fact that Bitcoin has in the past created a history and pattern that have allowed for its growth organically and with that what is needed is my pressure in the buy direction and less sell that is the only key factor that will drive the price of bitcoin forward.

So there is no need for so much promotion and you don't need to worry yourself so much about Bitcoin penetration and adoption those that are destined to use Bitcoin both in the long term and short term perspectives are going to locate Bitcoin in whatever ways.

Throughout bitcoin's history though, we haven't seen anyone really promoting bitcoin. I mean yes we have seen the likes of Michael Saylor and perma bulls on the market talking about bitcoin and it's potential.

But it doesn't mean that it is a direct promotion by them, they simply wanted to spread the word. And if people are not interested so be it. The thing though in this modern age is that there are many social media platforms, so just by one sentence alone, it can reach as far as Asia to Africa as if you are promoting it.

[beerlover]

I believe that we are not going to end up being something that would be good at the end of the day. I believe that it will take some time but it will be as good as it gets when the time comes. Hopefully they are going to be a bit of different nature because people out there will always think about the worst possible situation sometimes, there are those kind of people who just keep thinking about the bad things that could happen in life.

I am not really arguing with them, I mean there are situations when the worst thing that could possibly happen may end up being the result, but we all know that's not always the case, and the best possible one is usually not the case neither, it's almost always somewhere in the middle.

Thinking about the worst possible situation will always be our downfall. People on the world always thinks about the worst possible thing because we do live the worst possible situation quite frequently and that's understandable. I am not saying it's impossible to see bad situations but I bet we will have good results too.

So I agree with you, yes there is a chance, you are right but we shouldn't be too light on them neither, we should be careful and consider this as something that is a bit more difficult to handle if we are not careful. I know that it will take some time but it should not be taking this much time in the end, it should be normally considered a boring result and just grow constantly over course of some time.

[South Park]

Thinking about the worst possible situation will always be our downfall. People on the world always thinks about the worst possible thing because we do live the worst possible situation quite frequently and that's understandable. I am not saying it's impossible to see bad situations but I bet we will have good results too.

So I agree with you, yes there is a chance, you are right but we shouldn't be too light on them neither, we should be careful and consider this as something that is a bit more difficult to handle if we are not careful. I know that it will take some time but it should not be taking this much time in the end, it should be normally considered a boring result and just grow constantly over course of some time.

It is natural to think about the worst possible scenario as if we do and it comes to happen then we would have done something in order to protect ourselves in the case it happens, if we did not do this and the worst scenario came to happen anyway then we will suffer all of its effects, and the current drop on the price of bitcoin is a good example of this, as many were expecting for the 30k resistance to be broken only for the opposite to happen, and if someone was using leverage without a stop loss such a drop probably liquidated their account already.

[Joshapat]

I'm sure most of us are always active on social media, there is an easy thing to promote, namely always actively inviting friends on social media to invest in cryptocurrencies, of course we must always say that cryptocurrencies are a high risk type of investment so we have to make sure friends do the analysis .

[Rupok]

Bitcoin's current price has crossed 25k and is slowly gaining momentum towards a bull market.  No one can say for sure that the price of Bitcoin will fall below 25k.  However, no matter how low the price of Bitcoin is, it will rise again before the end of the year because Bitcoin has developed a history and pattern from the past.  That's what we always see at the end of the year. Cryptocurrencies all coin prices go up or down both are inversely proportional to each other. We've already seen Bitcoin hit 30k and may go above that very soon.