Post
Topic
Board Bitcoin Discussion
Re: Bitcoin price and actions to raise it
by
EdenHazard
on 12/06/2022, 23:48:08 UTC

This is the time to look around and ask: What else can be done to sustain BTC growth? How to increase interest in BTC?


I think the interest for bitcoins is still strong right now, it's just that people are very unsettled about the uncertainty of the next 6 months. There are so many issues the world faces that makes investing unpredictable. The Russia Ukraine war is still going on with no end insight, economic growth is slowing down world-wide due to rising inflation and the covid pandemic might still not be over. Without these issues the bitcoin price would be much higher with many investors buying instead of selling.
The most important thing the average bitcoin investor can do to stabilise the price is, not selling. Not giving into the selling pressure is already a big deal. Like this there is already less downward pressure on the price and also less supply for the short term traders who are looking for a quick profit. Right now the volatility is very high with prices jumping 5% in a single. Getting some more stability into the price would be could to calm nerves of the big investors. The second step would be to start buying when the price is below 30,000 USD.
Well .. it's a free market.

Nobody can ever make a huge impact unless if it was the like elon musk with its manipulating power + purchasing piwer .
But once the market cap getting high and higher then the bitcoin holder getting much larger... not even elon musk with billions dollar could interfere bitcoin price , it runs naturally.