Ideas to raise the value of BTC or LTC

[TGBEX]

Simplify it

eg TGBEX or CrypArt

[keithers]

Charlie Lee (creator of LTC) mentioned that Toshi (for Coinbase) is going to be supporting LTC soon.   He has also started hinting at the implementation of LTC into Coinbase.  This will ultimately be huge for LTC, because it is still too difficult to purchase LTC with USD.

I don't use Coinbase to hold a large percentage of BTC, I just use them to make purchases and then move the coins into my own wallet, but it would be really cool to be able to hold both BTC and LTC there...

[OrientA]

Gocoin supports LTC and doge.

[DubFX]

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. 

Does that site have enought users and does it work? What if i want something for 21 euros with 20% discount, will someone fullfill it?

[sparkybtc000]

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.

Any ads will be very helpful for bitcoin.

[pawel7777]

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.

To get the price to rise we need a demand.

Let's focus on a long-term, sustainable demand rather than speculative, get-rich-quick one.
You can create a demand by showing people the benefits of using BTC/LTC, but I'm not talking about the "ideological" aspects (decentralised, transparent, trust less etc), these may not be very appealing to the 'average Joe' who is probably happy with using fiat.

Some of the things that can attract new people, from top of my head (I'm sure there's more), are:

- Savings. If enough merchants offer discount when paying BTC, people will soon learn that they could save money simply by using bitcoin. All they need to do is buy bitcoins->pay with them->buy them back straight away. Rinse and repeat.

- Gambling. Every bitcoiner knows about 1% provably fair dice games, there are no such games for fiat afaik. I'm sure plenty of gamblers worldwide would happily switch from the fiat roulette, with house edge of 2.7% (French) and 5.26% (American). Not to mention all the off-putting KYC/AML regulations.

- Earning extra income in BTC. There's plenty of talented, tech-savvy people in 3rd world countries, or countries where (for whatever reasons) you cannot send fiat money to. Bitcoin enables such people to provide various services via internet (coding, web/graphic designing etc).


I'd love to see bitcoin TV/billboard ads, but those will be good for building brand(?) awareness, don't think they will have a noticeable, immediate effect on the price.

Instead of promoting the mere name of 'Bitcoin' and its logo, much more effective imho would be popularising and showing examples of its practical use.

[calchuchesta]

There's literally nothing that we can do about the price beyond advertisement in an honest way... aka, not telling people this is just a money making machine. You can't expect much if you don't tell people something is going to make them money unfortunately tho... so thats that , we cant do much, unless you are rich and wanna manipulate the market in our favour.

[Sunderland]

The simple answer for this is Buy Bitcoin as much as you can or each of us try to spread about Bitcoin in our society who still don't know about Bitcoin and teach them about that.
Let's say Bitcoin users in the world is 20 million people , and each of them ask someone to know and use Bitcoin.
There will be 40 million people use bitcoin in this world ,price will be up and more merchants will receive Bitcoin.
Simple theory but hard to realize that.

[keithers]

Prices will start going up exponentially, just as soon as merchants start holding some of the BTC that they receive, on their books.   Right now, I am assuming that most of the major retailers are immediately flipping the BTC that they are receiving right back into fiat, so that is basically the same thing as only accepting USD (in regards to the price of BTC)

[xHysteria]

I think it is kind of like the economy of the US/AU dollar. The more you spend it, the higher the rates.

[waterpile]

more merchants, companies, investment opportunities, and advertising thats my opinion on how to help increase the price of the crypto coins.

[resya]

BitCoin is falling, so soon LTC will follow suit I believe. I've never went this long without buying LTC, it's been weeks. I put my buy order at $2

[OrientA]

BitCoin is falling, so soon LTC will follow suit I believe. I've never went this long without buying LTC, it's been weeks. I put my buy order at $2

BTC is stabilizing at the moment.

http://dwarfpool.com/xmr/calc

[novacn]

LTC is just a copy cat. It should hold only a scratch of BTC's value.

[Prompyboo]

BitCoin is falling, so soon LTC will follow suit I believe. I've never went this long without buying LTC, it's been weeks. I put my buy order at $2

BTC is stabilizing at the moment.

http://dwarfpool.com/xmr/calc

yup

[resya]

LTC is just a copy cat. It should hold only a scratch of BTC's value.

Bitcoin and litecoin are the only real market. No manipulation is possible really, unless you want to lose money on purpose. Real markets are very volitle. Manipulated ones are stable.

[Brewins]

Charlie Lee (creator of LTC) mentioned that Toshi (for Coinbase) is going to be supporting LTC soon.   He has also started hinting at the implementation of LTC into Coinbase.  This will ultimately be huge for LTC, because it is still too difficult to purchase LTC with USD.

I don't use Coinbase to hold a large percentage of BTC, I just use them to make purchases and then move the coins into my own wallet, but it would be really cool to be able to hold both BTC and LTC there...

Any rise in LTC will be useless while LTC has no innovation.

At most some pump, like happened after Huobi accepted LTC

[HeroCat]

BTC value can raise if the BTC demand is going up. In shortly - more BTC users  It can happen with time, for example, if banks start to use BTC 

[AlexGR]

BTC value can raise if the BTC demand is going up. In shortly - more BTC users  It can happen with time, for example, if banks start to use BTC 

I've stated it before but online games are the way... massive user base (tens of millions of young gamers) who are tech-knowledgeable and won't have an issue using cryptos.

Want to sell a virtual item? A game account? Something in-game related? BTC is the way... Same for game companies... they can have users use BTC for paying for their premium stuff or reward players with BTC for winning something, like a tournament or in-game achievements.

[NUFCrichard]

Major gambling markets would also be good. Poker works well as a cash game with bitcoin too.