Quote from: BTCappu on May 29, 2018, 07:01:02 AM

Quote from: winterland on May 26, 2018, 03:22:35 AM

Quote from: elemosho.crypto on May 20, 2018, 04:10:27 PM

I believe price depends on demand and supply . The more demand with low supply results more higher price and vice versa. Is there any way to increase the demand of bitcoin in the current market situation that would uplift the price if Bitcoin?

There is no way to artificially increase the demand and even if you could do that the increase will be artificial and it will not last, there are two ways to make the price of bitcoin higher, one way is to reduce the circulating supply and that can be very easy people need to hold their coins and the second way is for the demand to go up but for that we need a big development happening in bitcoin.

This concept of artificial demand is very ridiculous and it is not going to help bitcoin much in increasing in prices. Bitcoin needs increase in demand and it appears to me the most appropriate method of helping bitcoin for achieving unbelievable prices. The more demand will automatically lead to increase in the value and less supply is going to make bitcoin rare commodity eventually increasing the price.

Well, that is my point artificial demand cannot solve anything and in fact this is something that governments do all the time, when there is an economy crisis governments try to generate artificial demand for jobs by creating public works but as we know this does not work because eventually the government runs out of money and then begins to print it with the inflationary consequences this brings.