How can we help bitcoin grow?

[Tuyul Gupies]

we only help to be a bitcoin part to survive even though the bitcoin price goes down and is interrupted. by being part of bitcoin we grow bitcoin by teaching people to join bitcoin, and we have to buy bitcoin to hold bitcoin until it reaches a reasonable price for sale.

[jeraldskie11]

I think lightning network could not affect bitcoin. Bitcoin is made very well before they launch it. Bitcoin fees is very low because its only .001btc or depends the pace of the transaction. We can help bitcoin for the price to grow is to invest and support the updates for the future of bitcoin.

[Leonia-Ridinger]

Just wait for it. Bitcoins is like a wildfire and would spread its fire automatically over large area in no time by itself.

[LynielZbl]

If many people who invest in bitcoin, they can help to bitcoin will grow. But if we dont buy any bitcoin or invest it, we can promote bitcoin to social media which has the high influence of promoting bitcoin. If many of us will do that, many investors get curious to it and attract it and they will invest to bitcoin. So in order to got the higher value of bitcoin, we will promote it anytime anywhere.

[Lyne01]

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

Several things need to consider before taking actions. We are the reason why bitcoin grew and even keep on progressing. Likewise, because of our effort in making it grow, the demand of bitcoin became very high. To keep bitcoin improve, we must encourage people to invest, make posts in social media that bitcoin is not scam or illegal, and show off evidences that bitcoin is a good source of financial growth.

[MondayTraddd]

We have to spread more and more awareness among people regarding this and try to get them involved first in this forum so they gain interest n the topic and th

[Windbeard]

it seems to me that regular news about how the Chinese use bitcoin to withdraw money abroad bypassing government bans played a significant role in the formation of bitcoin, and the planned increase in the rate of the first crypto currency to $ 1200 - the cost of a troy ounce of gold, which led to numerous discussions about a new risk-free asset.

[iryboy]

We have to spread more awareness among the influential people regarding the bitcoin. Once bigger companies like Amazon start accepting bitcoin then it'll be known in every house.

[Whiteconjuror]

Introduction and regulation

The potential of blocking technologies is huge. Despite the problems with scaling and other shortcomings of bitcoin and its competitors, crypto-currencies are spreading more and more around the world. From Subway and Whole Foods (NASDAQ: WFM) to Microsoft (NASDAQ: MSFT) and to Overstock.com - many companies with a good reputation take bitcoins for payment.

It is important to note that the countries in Asia have become leaders in the introduction of bitcoin and the adoption of special regulatory norms - here is a real arms race.

[recsoninlight]

We can help bitcoin grow by educating people on what is the pros and cons when investing to bitcoin, if they'll see the advantage when it comes to investing on cryptocurrency then these will have a huge impact on bitcoin's price.

[Vin183~]

We have to do btc business btc, donand teach people who don't know btc after they know  btc so btc can be growing up

[Raisa263616]

We can help bitcoin grow by comunet more people and teach them more about bitcoin and how can invest here and how can get profite from here .We should also connect with thos people who don't know bitcoin or who don't belive in bitcoin.thet's why they come into bitcoin comunity and invest in bitcoin and then bitcoin will be get a big comunity,thank you.

[icemanparachuter]

Hi all, new to Bitcointalk but huge supporter. I do have many thoughts on the problems we face as a bitcoin community and getting global adoption. It’s certainly possible, but will just take a lot of effort from the community on the dev front, education of the masses, and really convincing companies and governments to get on board. I think there are a few key areas of focus in my opinion;

1.   Adoption by ‘average person’ (relies heavily on all below items)
2.   Adoption and acceptance by retailers and businesses
3.   Adoption and support from financial institutions
4.   Allowance from governments

I think the end goal is really to have global adoption of bitcoin, which means that it needs to be much more widespread than current form. My points are stemmed from a background in corporate finance and banking, rather than the sole investment perspective. It's great to invest and hold bitcoin, but the real value is driven if there are continual transactions and an active market place. If there isn't liquidity and use case and utility, then people will not invest in mining, and average people will feel discouraged to get involved for fear of being 'taken'. We really want the average person to be able to buy bitcoin as an investment, but simultaneously have the ability to walk into a Walmart and buy a new tv, or a restaurant and buy a burger and a beer with that bitcoin. The issue with viewing bitcoin as solely an investment and holding on undermines the core purpose of it, so simply advising people to buy and hold is not a good strategy to get the masses in the movement. Take, for example, if there were 10,000 that discovered gold for the first time (back in the day). Had they decided gold, as a precious metal (commodity) is a great investment and simply held on until some later date when they could sell gold to others, there wouldn’t be a market for it, and the masses would not even consider purchasing gold. To really get people into the market, there needs to be active sellers and buyers, and use cases. Gold is interesting in that it has three core values, it’s held as an investment because of its consideration as a precious metal, it also can be used as a medium of exchange because it has the store of value and more recently it has utility and use as a key substance in electronics. For the masses to really adopt bitcoin, it needs to be shown that it can become all three. I’m sure that most of us already believe that bitcoin does contain all three of these value cases, but simply need to convince the rest of the world it can be used these ways. Thus, the need for large retailers and business adoption.

2. Large retailers are needed to help average people see that bitcoin can be traded for investment and also used to buy stuff. If an Amazon or Alibaba were to start accepting bitcoin, this would be huge for the community and bitcoin market. The issue for these companies that bitcoin needs to overcome is two main items of concern: the first is the acceptance of bitcoin by its suppliers, the second is the liquidity and volatility, both of which are somewhat interrelated. Obviously for Amazon, when they receive bitcoin in exchange for something, they want the ability to pay their supplier for that good. If, however, they set the price in BTC, then the supplier needs to accept that at the time equivalent wholesale price in BTC. For that supplier to accept that BTC amount/price, it would need to be able to pay for the underlying parts in BTC. So then we see that it’s not just Amazon accepting bitcoin, but really the whole system from start to finish. Now the alternative to this is if Amazon were to accept bitcoin and then flip it into USD or local currency immediately. However, with high volumes, the transaction processing time and liquidity of the market does not lend itself for Amazon to quickly convert BTC to fiat money and reduce it’s exposure. If Amazon were to sell goods for BTC, and not immediately convert it to USD, then it’s in a huge exposed position to crypto risk. One option is to hedge this with the new CBOE contracts, however given the volatility of BTC, this may be quite an expensive hedge, especially if AMZN cannot accurately predict what percentage of sales may be in BTC rather than fiat money. This is where financial institutions are needed.

3. Financial institutions (broker/dealers, banks) are necessary in providing liquidity for markets, derivatives to reduce exposed positions, and for depositories options to earn interest and borrow. The marketplace for BTC would need to be established with exchanges of significantly higher liquidity, which can only really be established using financial institutions. Individuals cannot be active enough or hold enough on hand to really perform this function. The problem is of course providing liquidity without charging fees (an underlying advantage of BTC over all fiat and commodities)! So how do we incentivize financial institutions to participate?

4. Governments probably pose the largest threat to BTC however. Governments are in the business of control, and of course bitcoin eliminates that control. I don’t have a great answer, except that we need to change the way governments view bitcoin. One of the biggest issues for governements, especially those that love to control their currencies and borders (ie China, Korea, Argentina, Brazil…) is monitoring the capital and trade flows. But if they don’t have a way to track these, they would be reluctant to play along (until of course they read some basic economic literature in reference to the clear advantages of an open policy vs closed policy). Would it ever make sense to add in some tracking of the trends and flows of BTC, not on an individual basis, but on a large macro level?

[Masongrae]

We can help bitcoin grow by advertising it through posting at social medias, like facebook, twitter, instagram etc. Or implement seminars to have chance to.explain and give tbem knowledge about it like how it works and what will be the good effect for everybodies future.

[gaby0312]

I don't think that there are much things to do to help Bitcoin's growth, if not investing in Bitcoin.

[Loveydovey04]

Bitcoin doesn't hold the promise it once did, explosive growth and adoption, now the only explosion in adoption is the number of segwit users. People are using the lightning network before it's ready, potentially damaging the bitcoin ecosystem.

So I ask you, what can we do to improve bitcoin adoption, reduce fees and protect bitcoin for being crushed by regulations?

Ya. Regulations are getting tighter and tighter and it is killing bitcoin little by little. We cannot blame investors if they are having less and less interest in bitcoin now.

[isomoyes]

Bitcoin are growth and drop natural it's happen every currency so general people don't understood it so we need to do awareness about bitcoin. Investor are most powerful in this side they can rise bitcoin by invest. Many companies and industry are supporting bitcoin by there products selling by bitcoin. Many companies are working on it like supercar,KFC and so many super shop . We need to understand the main benefits about bitcoin and teach them.

[Deamindit]

We first have to make the central authority of finance in any country of its positive sides and ask them to take steps to check the negative sides.

[gudanggaremfilter]

we can do our own part by learning so much about it and understanding it as well as possible so we can also educate many people about it correctly which will cause more people who know a lot about bitcoin and are well equipped to also spread the word and teach people others qualitatively.

[Hotel_Prodeo]

Bitcoin are growth and drop natural it's happen every currency so general people don't understood it so we need to do awareness about bitcoin. Investor are most powerful in this side they can rise bitcoin by invest. Many companies and industry are supporting bitcoin by there products selling by bitcoin. Many companies are working on it like supercar,KFC and so many super shop . We need to understand the main benefits about bitcoin and teach them.

If bitcoin prices continues to rise then bitcoin development will be natural, we do not need to introduce bitcoin but they will be interested to know and buy bitcoin, if many countries are banned bitcoin then it becomes a good tool because it will make people curious and want to know more about bitcoin .