Topic: Bitcoin Promotion and Adoption in my locality (Read 825 times)

And in that regard OP is doing a good job by advertising and accepting bitcoin in his business. If everyone here running a business can do that it will help spread the word on bitcoin further. I admire the courage of those who have a way of telling others about bitcoin and they should be encouraged. Am putting merit on Op for that.

It gives me pleasure doing so. I have been in this movement for sometime now and doing it deligently. So far the results have been impressive and I am happy with the outcome. So far so good it is what I have passion for so doing it is not an issue but you know there are always little challenges in one way or the other which one needs to carefully handle and handling it takes wisdom and self control to do so. Although I encounter some challenges sometimes when on the course of doing the campaign but you know one way or another it would get settled so it is not too much for me to handle. I will urge every one to follow up in their various locality. If atleast you can talk to one or two vendors I believe one amongst them would buy the ideas, just take the possibility and probability so and gradually, you will see the massive adoption growing up with speed.

This is really impressive 👍
With such move I believe your locality would get to know more about bitcoin and lot of people around will love using it as a means of payment rather than fiat.
Thanks for your efforts.

If Satoshi is still alive, he may be grateful for your contributions. You are teaching people about bitcoins in your community. It will also help you to improve your knowledge. Teaching is the best way to become an expert in any subject.

Big organizations owns the largest volume of Bitcoin  in their various choice third party exchanges. They do so because they have funds in their disposal to acquiring Bitcoin in such volume compared to single individuals. Theirs no comparison between both variables as they are far much not near to each other. Individuals buy in bit and fractions they are the daily traders that use Bitcoin in their daily transactions compared to this whales that stacked up such volume in a particular wallet for a long time. It is not the volume but the activities that counts. Hence small holders of Bitcoin are likely the market markers as they do daily transactions than the whales who stacked up Bitcoin in one wallet without daily activities.

Completely prohibited and completely prohibited. So the rules are in the middle between allowing or not. in my country Bitcoin can only be used for the commodity market and not more than that. If it is used as a means of payment for goods and services then it is against the rules.


The more bitcoin holders, the more trusted bitcoin will be. The company that holds the most bitcoins is still dominated by Microstrategy Inc. with a total of 129,699 BTC and followed by Marathon Digital Holding in second place with 10,054 BTC.

The following is a list of Bitcoin Holdings by Public Companies:


source: https://www.coingecko.com/en/public-companies-bitcoin

You are very much correct. Of lately there is a suden surge or increase in Bitcoin holders. Smart investors and traders are rushing in to hold more Bitcoin while new ones are onboarding the system to purchase more of Bitcoin. Now is the right time to bag more as the price is low. No one  can tell how the next bullrun would come and the next all time high as expected. Every wise investor in the system knows so and hence the increase in purchase of Bitcoin. While the weak hands are selling, the diamond hands are busy  accumulating more Bitcoin waiting for the next bullrun. This will help make Bitcoin be in circulation and every decimals of Bitcoin will definitely count when the time comes.

correctly. Of course, we hope that these efforts will bear fruit in the future. and actually bitcoin holders continue to increase. when the price of bitcoin has fallen but in fact many new investors have entered. This can be seen from the increasing number of bitcoin holders. And this is a positive thing for the future growth of bitcoin users.

If bitcoin is banned in their country, I am sure he will not accept it since he will be targeted by the police or government for what he has done, so I'm sure it is legal. Here in our country, bitcoin is not banned nor legalized; we are in the natural on it, and we still got announced that we are the second "ownership of cryptocurrency.", which is a massive adoption in our country, despite the fact that we don't have laws about it. All countries can easily adopt it as long as it is not prohibited in their respective countries. 

he won't promote btc payment if the situation with btc is not legal in their country. a lot of countries don't have the finality when it comes to crypto market, like there are no laws in terms of crypto taxation. but they have no laws also stating that dealing with btc is illegal. so more then likely, it is fine for them to deal with btc so long they know the risks involved.

I wonder if his country legalize bitcoin and other crypto, but then here in us there's a place where being popular in the internet now because they are accepting crypto payments but given that our country doesn't legalized it still his business is still running with no problem for now, I don't see that it can really affect the government if the establishment is not yet big I mean they still paying for taxes of course because their business is Registered. A country can easily adopt bitcoin if it is legalize to the government to prevent any big problems in the future.

Adoption is limited to regulation, meaning that the speed of adoption is very slow when your country's government does not legalize bitcoin as legal tender. Everyone also knows that bitcoin provides a lot of convenience in transactions, but you can't go against government regulations.

I don't know if the country and government where OP lives legalizes bitcoin as a means of payment, but if it is legal then the speed of adoption there will be even good.

What is what doing is what doing well. Some color photos of Bitcoin accepted will be more appealing as advised by mk4. An upgrade will be very nice.
This type of scenario is where lighting network is highly recommended. It is need to ensure profits will not go into transaction fees.
In general I commmed your efforts to spread the goodnews of bitcoin in your locality.

No matter with big or small business kinds I think Bitcoin keep worth when accepting as payment currencies, make easy when transaction actually adopted Bitcoin as payment way because costumer seems easy when have Bitcoin as alternative way for payment currencies. Day by day will increase with many kinds of business have accepted with Bitcoin for payment currencies but have regulation from some countries not allowed when using Bitcoin as payment way have little trouble. I faced in my countries with difficult thing when accepting Bitcoin as payment currency because have announced from government Bitcoin is available for investment way only and can't adopted for payment currency.

In as much as we glamor for Bitcoin adoption, and the general adoption of Bitcoin as a decentralized alternative e-currency. we should also have in mind that bitcoin is not a crowdfunding Scheme so at that there is no need to be compulsive in finding new Bitcoin believers, I highly recommend personally discovery of Bitcoin by individuals that way their motivation will be self determine on like when a third party introduced Bitcoin to them. It will require a lot of knowledge building this has to take time because you will need to educate them on so many things e.g, wallets, exchanges, and other payment gateways. And since is a business setting, the targeted customers will also require basic knowledge of Bitcoin to be able to use it for payment at the barbershop. I tried something similar to this some time back but it didn't work out as planned because I was teaching a couple of forks in my neighborhood, but they lost their motivation about Bitcoin adoption when the market crashed but then it was not Bitcoin that made them lose but altcoins did, because most of them were looking for quick bulks from the market and they did not mind the high volatility since there we're not patient enough to gain adequate knowledge but were after profits.

On the other hand, if he receives large amounts of money in btc as payment he must adopt an instant exchange method to fiat, because he is going to need this income intact for daily expenses, improvement and maintenance of his business. He can't risk holding too much money in bitcoin because we are in a bearish market where the bottom is still unknown. More crashes are still a possibility and small businessmen have to protect themselves against this threat.

It's hard to assure many customers are going to execute payments in bitcoin, though, as it's a relatively new technology for most areas in our countries. More adopters are needed first.

This reminds me of what I have been doing lately.

Since we’re already moving on from this COVID-19 pandemic, IRL blockchain conferences are finally back around the world. It means to say that I can finally resume what I wanna do after all of these years of just doing virtual stuff only.

Hosting community meetups

I’ve started this campaign last August with only 13 people attending our meetup. Thanks to my 2 years of building and gaining more connections in the space during the pandemic, I have managed to have at least some little sponsors ranging from $50 to $100, which was good enough to cover the venue which is consumable for food and drinks.

Then I continued on every month until today and I never stopped. Then, I started getting noticed by some Bitcoin, crypto, NFT, Web3 and metaverse space in the nation’s capital in which they’ve shared and featured my small events unexpectedly.

I started with one place. But I have recently decided to expand it to other areas due to the demand from the community members. Since no one in their respective cities and provinces have held Bitcoin events, I’ve decided to step up and spearhead this campaign.

I didn’t care how much I’ve spent (e.g., travel expenses, accommodation, venue, etc.) because I’m blessed in many ways. I even am not doing this for my own benefit, gain or popularity. I just wanted to see more Bitcoin crypto meetups in various cities and provinces who are not yet aware of this one rather than in the most common cities and get noticed.

Eventually it slowly worked. Now some projects have reached out to me for collaborations and community partnerships to hold an event in the area that I am usually having local meetups.

The best time to build connections is when things are going quiet in the Bitcoin and crypto space.  

My guess is that if he only receives a small payment in bitcoin, he will keep it as a bitcoin and will not convert it because his goal is to save all the bitcoin he receives from his customer's payment, and it is also a kind of savings on his part; I know it is a small amount, but it will add up over time. Small businesses are really adopting bitcoin payments; I don't know about the big businesses since bitcoin is very volatile. I think that is the reason that only a few establishments don't accept it, but this can be resolved if it is converted into stable coins or their own currency.

Gradually we are going to be taking over the world with the Bitcoin Promotion and Adoption campaign. I still believe we have a whole lot of work to do because the grassroots are still uninformed about the Bitcoin story because at the grassroots, there the masses strength lies. The big companies that accept Bitcoin are just at the surface doing their own deals and making huge profits from it all but the middle and lower class are yet to tap into the Bitcoin emergent over the years upon inception. We have to take it to the locals in our various places.

Throughout this year we could see a big number of our Bitcointalk members involved into spreading the word about bitcoin. Much needed thing for the increasing real-time usage. Word of mouth is more effective than something that is being advertised or promoted through some other means.

There is increase of bitcoin users over time. This will surely make more customers use bitcoin payment for the services received in the coming days. For the users who have added cryptocurrency acceptance it is time to have patience, because immediately we won't be receiving much of users paying with bitcoin.