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Author Topic: What can ordinary men do to make Bitcoin grow?  (Read 4241 times)
BTCXE
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January 27, 2015, 08:16:10 AM
 #21

the answer is for people (and merchants) to use BTC as a preferred payment option. then the market can stabilize, in a good political/legal climate

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Bitcoinexp
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January 27, 2015, 08:20:04 AM
 #22

Accept it as payment. That'll indirectly promote it. More people may search about it and use it. No more negative price drops.
freequant
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January 27, 2015, 08:25:26 AM
 #23

What can community members do to contribute to Bitcoin's growth?  Huh
Buy, hold and stfu Smiley
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January 27, 2015, 08:55:43 AM
 #24

Accept it as payment. That'll indirectly promote it. More people may search about it and use it. No more negative price drops.

ACtually not only accept it as payment, but also not sel it aafter buying it . If they sell it, its actually worse for the price.
nikona
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January 27, 2015, 12:23:10 PM
 #25

It has to be spent. I remember back when PayPal was introduced, people were SCARED. They didn't understand how it worked. But now it's the norm and I used it for all my online business payment transactions. I think the important thing is that it can be converted back to your local currency. If not spent, then it has to be transferred from user to user, converted to local currency, etc., until it becomes the normal. Eventually, people will be transferring and spending pure Bitcoin. But that will take a while to become the norm.

I agree..ppl r just a bit skeptical on BTC as they havent tried it yet..or had a chance to try it.. Once they doo..Im sure they will fall in love with it. Smiley
kenCode
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January 27, 2015, 12:30:03 PM
 #26

What can community members do to contribute to Bitcoin's growth?  Huh

 
Annoy the local shopkeeper:
https://twitter.com/kenCode_de/status/559704841535373313
 
BitCoinNutJob
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January 27, 2015, 12:41:20 PM
 #27

What can community members do to contribute to Bitcoin's growth?  Huh


Keep telling people about bitcoin and why its important to be in control of your own money and freedom.  Giving that responsibility to others is costly to us all.
DoubleBEE
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January 27, 2015, 12:46:30 PM
 #28

In such case I would try to open a bitcoin related company 
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January 27, 2015, 12:50:56 PM
 #29

What can community members do to contribute to Bitcoin's growth?  Huh

Talk about bitcoin with everyone you can. More businesses work with bitcoin the better.
Tip.
Organize donations from time to time for causes that also increase the visibility / awareness.
Make the community more help-oriented than scam/greed oriented (yeah, this is hard).
Learn from others, let others help this community, even if that would come from an alt ("shit?") coin.

This worked out well for dogecoin. It helped with the awareness a lot. Unfortunately it didn't help with the price.
But you have to ask yourself what you want: an asset with increasing price (hard to achieve by community alone) or a currency.

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pawel7777
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January 27, 2015, 12:55:56 PM
 #30

Quote
Re: What can ordinary men do to make Bitcoin grow?

Use it! Regularly.

Each time you need to buy some goods or services, look for the merchant that accept bitcoin (of course if you're happy with the prices).

Many would choose just to hold. But that's not really the way to support bitcoin. Hold until when? Until the price goes up to $10k, then you'll dump it for $? Doesn't seem very supportive.

If you want to hold and support bitcoin at the same time, just pay with BTC instead of fiat and buy the BTC back. And if the merchant offers discount, you can buy back some more and increase your holding.

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okae
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January 27, 2015, 02:31:08 PM
 #31

everything!, we, earlier or not adopters of BTC can do lot of things to made bitcoin grow up.


  • Speak with friends and/or at the bar Tongue
  • Speak about BTC at social networks
  • Talk into a good way here on forum or just trying to improve the bitcoin chain with new ideas

all those things dont cost to you! and you spread it over the world.


IMHO #1.b of suspects, Hal Finney is/was S.N.
Ludi
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January 27, 2015, 03:34:05 PM
 #32

the answer is for people (and merchants) to use BTC as a preferred payment option. then the market can stabilize, in a good political/legal climate

I think asking to make it the preferred option is a lofty goal but just getting them to accept it is what we need. The bitcoin community is doing all it can to spread awareness and adoption but what we need is the rest of the world involved. I think this will happen but slowly over time. We just need patience and keep spreading the word.

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January 27, 2015, 05:14:45 PM
 #33

the answer is for people (and merchants) to use BTC as a preferred payment option. then the market can stabilize, in a good political/legal climate

I think asking to make it the preferred option is a lofty goal but just getting them to accept it is what we need. The bitcoin community is doing all it can to spread awareness and adoption but what we need is the rest of the world involved. I think this will happen but slowly over time. We just need patience and keep spreading the word.
Spreadin the word is all we can do. We cant pump the price, we cant make a church of bitcoin and brainwash people.. talk and wait its all we can do.
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January 27, 2015, 08:16:11 PM
 #34

I think it's totally depends on us, each and everyone in the community. And the best way is social media to talk about bitcoin to other people.

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January 27, 2015, 08:18:03 PM
 #35

I think the best way would to be to purchase Bitcoin, hold on to it and then talk to your real life friends about it, co workers, friends, family etc.  Get them involved to do the same. 
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January 27, 2015, 08:42:22 PM
 #36

What can community members do to contribute to Bitcoin's growth?  Huh


I have been introducing bitcoin since early 2012 to my friends, and created few articles on local social media. I am very happy, some of my friend keep using bitcoin till now.

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January 27, 2015, 08:50:07 PM
 #37

I'll just echo what some others have said. Use BTC and tell retailers that they could have your business also if they accepted bitcoin. I have gotten several businesses to accept bitcoin because I wanted to shop there. I hold their hand a bit and volunteer to be their first BTC sale.  It's really not hard because they have ZERO downside in accepting them. All they need to do is set up an account at BitPay or Coinbase. It's free and any sales they get from BTC earn them an extra 3% without facing any market volatility. Even the businesses I helped that were skeptical at first love bitcoin once they see how easy it is.

You can do that!

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January 27, 2015, 09:38:32 PM
 #38

What can community members do to contribute to Bitcoin's growth?  Huh


Use it whenever possible even if it means using Gyft to buy a restaurant gift card the next time you eat out. You can always buy more to make up the difference (and, on Gyft, you get triple points for using Bitcoin). Tell entrepreneur friends about Bitcoin the next time they gripe to you about the cost of accepting credit cards. Tell the restaurant manager too if there seems to be some kind of confusion about the gift card.
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January 27, 2015, 09:43:11 PM
 #39

I think the best thing you can do is to buy and spend bitcoins.  If you do this, bitcoin economy will thrive!  The spending is as important as the buying because it shows vendors who start accepting them that it's a useful thing for them.
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January 27, 2015, 10:09:34 PM
 #40

The best thing ordinary men can do in order to help bitcoin is to stop selling BTC in panic now, don't loose confidence and tell others about it.
Don't spread negative rumors, try to explain your friends the value of BTC and that now is the perfect time to buy BTC, not to sell it.

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