Quote from: hastang on August 15, 2018, 04:43:16 PM

The market is now starting to move upward. All we have to do is wait for the fully recovery, for now, let's just hold our token/coin to avoid more damage in the price.

No! That is exactly what I didn't mean Wink

Bitcoin must circulate to achieve adoption and strength - otherwise the next crash will follow fastly. What is true is that you shouldn't sell your coins for fiat money. Spend them on goods and services instead. You can also hold them - but this doesn't contribute to sustainable strength.

Quote from: Don Pedro Dinero on August 15, 2018, 04:59:09 PM

What I like about it is that it doesnt talk about knowledge or theory but rather about action. I think bitcointalk should be a community where initiatives like this should take place often and be followed to some extent.

Fully agree! The reason I started this thread is to show some easy actions almost every Bitcoin user could achieve to strenghten the ecosystem.

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OP: have you thought of moving it to the Serious Discussion or Ivory Tower sections where it would last longer and would be seen by more serious members?

I believe that the forum should not be segregated in a small "serious" and a big "spam" section. The goal should be to return the serious discussions in the main sections. In the last weeks I see more "serious discussions" popping up again in the regular sections - I guess it's partly because of the Merit system, but partly also because of the falling rewards of signature campaigns due to the bear market and the end of the ICO bubble. And the activity of the thread is pretty good until now. (The only thing I maybe should have done is to self-moderate it, but until now I don't really see spam contributions.)

Quote from: AXELNetwork on August 15, 2018, 05:19:18 PM

Also more merchants need to accept Bitcoin so it becomes a normal payment system.

It's a classical chicken-and-egg problem: If there are no users, then there will be no merchants. Some merchants have abandoned Bitcoin in the last years - because there were too few people using it for payments.

Quote from: avikz on August 15, 2018, 05:01:50 PM

However, we don't have much options available. [...] Unless and until the governments provide a proper legal framework for crypto payments, we won't see the change!

In most countries I know there are absolutely no problems accepting Bitcoin for simple payments (from the big economies, afaik China is the only one that is really restrictive). There is more hassle involved if you want to start a Bitcoin service like an exchange, and here the regulation often isn't clear. And you may be right that big brick-and-mortar chains are still waiting for more precise regulations.

But the bigger problem of merchants is the "hodler mentality". As I already answered to AXELNetwork, a pretty large group of merchants isn't accepting Bitcoin anymore because of the lack of customers using it.

Quote from: darkangel11 on August 15, 2018, 09:19:58 PM

I have to say that falling to 3000 would indicate a serious problem with BTC.[...] That would be a drop by 85% of total value and would require a prolonged bear market (2 years or more) which at current state of BTC is not possible without fundamental flaws or a worldwide ban occuring.

I don't think so. In 2014, Bitcoin hovered around the 300 USD mark for several months, in a very similar fashion than we are hovering now around the 6000-6500$ area. Then, in January 2015, a sudden drop/capitulation drove the BTC to $135. But it wasn't "the dead of Bitcoin", it actually recovered very fast and went again to the 200-300 range where it stayed for several months, laying the groundwork for the next bullish cycle. I can imagine a similar situation this year, with a sudden crash to 3000 in few days or weeks when the 6000 mark is sustainably broken, and then a fast recovery to 4500-5000 followed by a long sideways phase.

@MrConnect, @darkangel11: I believe some hodling is not harmful and only natural, but if all what Bitcoin users do is hodling, then MrConnect's fears are true - that leads to a small liquid supply in upmoves, causing our well-known crazy price manias, but also the panics when the market turns bearish and the liquid supply greatly overtakes demand. Usage as a currency/payment medium, instead, leads to a more stable supply and demand.

The ideal situation would be near 30% hodling and 70% currency usage, but even if we can reach 30% currency usage then Bitcoin has made a big step forward (I believe it's actually near 5%).