You want the bear market to stop? Here are some things you can do :)
Many people are speculating if we're already reached the bottom of the bear market.
The truth is - that's not important. If we go up now from a strong $6000 base, or if we fall down to $3000 or even lower - that's peanuts. For sustainable growth, it doesn't matter.
What's important is that Bitcoin must become stronger as an ecosystem. You're fearing speculation and manipulation? The more Bitcoin gets used, the less influence the "big whales" will have. And you, the Bitcoin user - beginner, average Joe or advanced crypto geek - can do a lot for that.
Here are some examples:
That's only a small list of some examples. Please add more in the discussion!
The more people realize that Bitcoin doesn't "grow" by magic, but by human contributions, the more stability and sustainability we'll achieve. And you don't have to be the new Satoshi to help. Just pay your pizza with BTC, for example.
The truth is - that's not important. If we go up now from a strong $6000 base, or if we fall down to $3000 or even lower - that's peanuts. For sustainable growth, it doesn't matter.
What's important is that Bitcoin must become stronger as an ecosystem. You're fearing speculation and manipulation? The more Bitcoin gets used, the less influence the "big whales" will have. And you, the Bitcoin user - beginner, average Joe or advanced crypto geek - can do a lot for that.
Here are some examples:
- The most important of all: USE Bitcoin. If there are services you regularly use and there is a business offering it for Bitcoin for a reasonable price: Give it a chance! Lists/portals with some options are here, here, and here. Or directly use a decentralized marketplace like OpenBazaar.
- Are you a freelancer or own a business? Accept Bitcoin for at least some of your work. Each good or service offered for Bitcoin can be seen as a buy order. So you're adding demand for Bitcoin without having to risk money (only perhaps some work, if you're really unlucky). You could increase your revenue offering Bitcoin-only promotions/specials - then maybe you could even convince some stubborn hodlers.
- Even better: Try to offer a stable, guaranteed Bitcoin price for at least a day. That can bring even more stability into the market.
- Or accept Lightning for micropayments, at least for a limited volume per day.
- Are you employed, but your boss is open-minded and a geek? Offer him to pay a part of your salary in Bitcoin. (I would not take my whole salary, it's still too unstable, above all if you have a family.)
- Do remittances directly with Bitcoin or with Bitcoin-accepting services.
- Lightning: Help with beta-testing! Lightning is one of the most interesting technologies if we want to see mass adoption. The more users testing and finally using it, the better!
- Test and discuss alternative scaling solutions, like sidechains or similar concepts.
- Become a Bitcoin/blockchain developer. The Core client may be a bit difficult to start with, but there are a lot of services that already are waiting for someone to write and/or improve it. The more devs, the better.
- If you have an idea how to improve usability, then propose and discuss it! If you're a developer, try at least a proof of concept. Or simply implement it . Bitcoin is an open source project, so you can do literally what you want with the protocol! (Added 8-16)
- Educate people about Bitcoin. Don't shill for FOMO - better explain the concepts and why it's an amazing technology bringing more freedom.
That's only a small list of some examples. Please add more in the discussion!
The more people realize that Bitcoin doesn't "grow" by magic, but by human contributions, the more stability and sustainability we'll achieve. And you don't have to be the new Satoshi to help. Just pay your pizza with BTC, for example.