Most of us who are investing in Bitcoin are counting the days until its adoption goes mainstream and is being used everywhere. The day when the price of Bitcoin reaches significantly higher than $1 million per coin. A time when our lives are changed forever, and we never need to worry about money again. Those are the things that 90% of the Bitcoin market is hoping and waiting for. But, the important question is what are you actually doing to make that dream become a reality?
The hard truth is that nearly everyone out there is simply sitting on the sidelines waiting for the number to go up. Unfortunately what Bitcoin is attempting to do is such a large undertaking, that it needs all of the manpower that we can get to even have a chance of being successful. After all, Bitcoin is playing a different game than nearly all other cryptocurrencies on the market. Bitcoin is attempting to not only overtake gold as a way to preserve wealth. But it is also on track to face off against the US dollar to become the new world reserve currency. Unfortunately just sitting on the sidelines and waiting to see what happens won’t be enough. These are a few basic things that you can do yourself to help adoption grow.
Become a Bitcoin Ambassador & Educating
In order to reach our goals we need as many people as possible to finally begin to understand how important Bitcoin is, and then join the market. This means that you need to become a Bitcoin ambassador. Telling your friends, family, and even co-workers about it.
In the early days of Bitcoin, this is how word spread. The early adopters educated new people about what made Bitcoin great and why it was so important. They would also help demonstrate transactions and even give them a little free Bitcoin to get started. The early days consisted of a grassroots movement, and that is something that we must continue doing.
Generate Content
The limit of educating the people around you is that your circle of friends, family, and co-workers might be small, which limits the number of people that you can reach. That is where the internet can be your greatest tool. By creating your own Bitcoin-related content, you have the potential to reach an unlimited number of people around the world. Another great thing about this method is that there are so many different options and you can follow your interests. For example, maybe you will choose to write and blog about Bitcoin, or maybe you want to make a YouTube channel dedicated to it, or perhaps Tik Tok or Instagram live videos.
If you are really dedicated you might even decide that you want to take it a step further and either work in this industry, or start your own business. These are the types of things that help to push the Bitcoin industry and adoption forward.
Use a Bitcoin-Standard
If we truly want to see adoption grow and use Bitcoin over the dollar, then we must take it a step further and use Bitcoin as our unit of account. Meaning that we don’t think in terms of dollars, but instead Bitcoin. While there is admittedly risk due to the current volatility of BTC, we would also keep our savings in Bitcoin, and spend it. Only using dollars when it is absolutely necessary.
“Be the change that you want to see.” If you want Bitcoin to be legal tender or the currency of the future. Then we must use it.
Continuing to Buy
Finally, in order to help Bitcoin adoption we need to continue buying. Dollar-cost average with each paycheck. Buy when prices are down, when they’ve done next to nothing, and even when they are high. By doing this you will be able to build a great portfolio, but it will continue to help to keep constant demand which will help prices continue to rise. Especially as a supply crunch inevitably happens after each Bitcoin halving. Like it or not, prices going up is the best way to attract new people to the market. Some will come and go, but some will stay for the long term and fall down the rabbit hole of Bitcoin.
How about you? What do you ACTUALLY do to help Bitcoin’s adoption?
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As always, thank you for reading!
