Ideas to raise the value of BTC or LTC

[Californium]

Hello Reader,

Will TV commercials, billboard advertising and sponsoring events or racecars raise the value of BTC or LTC?

If you have an another Idea please reply. I am thinking of realising one or more ideas.

[TrailingComet]

Why bother with this kind of stuff
If you want to raise value, use cryptos and tell your friends about it
Utility and adoption alone will drive value not no of folks who have herd about it

[HarHarHar9965]

The network is building on itself. The infrastructure is being built. Don't force it -- just give it time. BTC is the future.

.......LTC? Not so much.

[peeveepee]

The network is building on itself. The infrastructure is being built. Don't force it -- just give it time. BTC is the future.

.......LTC? Not so much.

LTC has no infrastructure, no marketing and no usage.

It will probably slowly fade away.

[trand]

it may be but as we know during the BTC has a unique system that creates it's own community for the users of BTC
so the possibility of such advertising will not be much affected by the rise and fall of the price of BTC

[AT101ET]

BTC and LTC are what they are. They are the pioneers of cryptos. Your strategies are more suitable for alts who are trying to gain just a fraction of the adoption BTC and LTC have.

[Marlo Stanfield]

Well, BTC is growing by having business adopt it and through the building of a strong infrastructure on top of it. Advertising might help a little but just getting the name of Bitcoin out the public space isn't going to be suffcient for the public to truely embrace Bitcoin and use it as a currency. A focus on education is probably what would be required. And it's not an easy task to educate a public which has no desire to learn(of course some people do, but I think it's safe to assume the majority do not).

As far as LTC goes, I don't feel that Litecoin has shown any innovation or progress since 2011 when it was created. I don't see the much to the argument for Litecoin continuing to be a major cryptocurrency unless the development team seriously steps up and starts adding innovated features. Considering how many new and exciting technologies are coming out in the crypto space right now it's likely Litecoin is going to be left behind unless something changes soon.

[TrailingComet]

Think its fair to say Litecoin has limited utility and usage
Nevertheless likely to survive though only as a poor mans bitcoin

[Kprawn]

Well there are no reason, why someone cannot go the "TV commercials, billboard advertising and sponsoring events" route.  It can just be beneficial to build the brand and create awareness.

There are other ways to get people to spend more BTC - Tell them to use https://brawker.com/ - You buy at any retailer, even if they do not accept BTC as payment.

That way more BTC are spend, and that would increase demand for the coins, and push up the price. 

[FreeJack2k2]

Litecoin is pretty much exactly where Bitcoin was to start 2013. The only difference is that Litecoin doesn't have a Silk Road conducting transactions in it.

ASICs built Bitcoin's infrastructure into what it is, today and attracted the interest of businesses and venture capitalists. Litecoin is just now entering that phase of its growth. It's the only other coin that has attracted investment into the development of dedicated hardware infrastructure, on this level...and that will draw attention to it, the same way it did for Bitcoin.

Those declaring Litecoin "dead" are either thinking wishfully because they only want Bitcoin to succeed and nothing else (a sentiment motivated primarily out of their own greed and the belief that Litecoin pulls capital out of Bitcoin), or are just blind to the numbers (and history).

I'm a big supporter of both. I believe that one will ultimately be proven to be better than the other in certain areas and they'll end up specializing. My personal feeling is that Bitcoin could end up being better used for long term savings/investment and very large transfers, while Litecoin may be better for everyday commerce. Time will tell.

[allthingsluxury]

Likely those will have little effect and cost large sums of money. Word of mouth is the best form of advertising and is free. Spread the message and encourage business to adopt the use of bitcoin. Encourage them to hold some bitcoins, so that they just aren't immediately dumping it on the market for fiat.

[LiteCoinGuy]

The network is building on itself. The infrastructure is being built. Don't force it -- just give it time. BTC is the future.

.......LTC? Not so much.

LTC has no infrastructure, no marketing and no usage.

It will probably slowly fade away.

i dont think so. both are here to stay. its like Visa and Mastercard.

[wingding]

Why do you want the value to be raised? If it was lower, more people might start using bitcoin. Is that not what you want?

[JessyMatt]

Traditional promotion and advertising will not do much to help....we need to focus on more grassroot and word-off mouth type of promotions.

[JessyMatt]

Why do you want the value to be raised? If it was lower, more people might start using bitcoin. Is that not what you want?

You have a point but can also be bad as more bitcoin owners will be dumping if the prices to keep going down.

[TheMage]

Well, BTC is growing by having business adopt it and through the building of a strong infrastructure on top of it. Advertising might help a little but just getting the name of Bitcoin out the public space isn't going to be suffcient for the public to truely embrace Bitcoin and use it as a currency. A focus on education is probably what would be required. And it's not an easy task to educate a public which has no desire to learn(of course some people do, but I think it's safe to assume the majority do not).

As far as LTC goes, I don't feel that Litecoin has shown any innovation or progress since 2011 when it was created. I don't see the much to the argument for Litecoin continuing to be a major cryptocurrency unless the development team seriously steps up and starts adding innovated features. Considering how many new and exciting technologies are coming out in the crypto space right now it's likely Litecoin is going to be left behind unless something changes soon.

I'm sorry, not to sound like an ass but where is all the BTC innovation? This is an old and stale argument. I can replace the LTC in the above quote with BTC and it has the same meaning.


The fact of the matter is that BTC and LTC work together. The devs work together, and even the P2pool code received a tremendous donation from the LTC devs/community (which everyone uses, everyone meaning coins not people lol). BTC and LTC are brothers, LTC just happens to be a year behind in just about everything, but still light years ahead of other coins.

[Saigonsmokes]

Read more about what Litecoin is up to here:

https://bitcointalk.org/index.php?topic=661938.0

[keithers]

Continuing to do what most people are already doing will ultimately raise the value of BTC and LTC.   There are so many new business being developed daily that will in the end, make cryptos part of almost everyone's every day life.

Logically thinking, it can only go up from here (in the long term)

[keithers]

Why do you want the value to be raised? If it was lower, more people might start using bitcoin. Is that not what you want?

The price of BTC is pretty irrelevant if you are using it to purchase goods or services.   If you buy BTC just to purchase a specific good, BTC could be worth 1 cent, or it could be worth $1,000...since you are ultimately using it just to purchase a physical good.

If it were lower, then more people throw money at it (from an investment standpoint), but when using BTC as money it doesn't matter if the price is high or low..

[DrG]

Nothing drives the price up quite like demand of use.  If some website, say Amazon, says they'll take a crypto.  The price will rise.  It's not because the coins are more rare, but because they are being accepted.  Any of us can take our coins, sell at an exchange for fiat, move fiat to bank account, and then buy the item from Amazon - but it's a lot easier to just use the coin as intended.