The first idea is quite convenient. You can just do nothing. For the first time ever, doing nothing has actually become a heroic deed – people are proud to be hodlers, proud to do nothing with their cryptocurrency. But do you really believe this approach will change the world? Seriously?
Let’s be honest. Real crypto communities – there are few. There are few people who own cryptocurrency. The number is vanishingly small. Crypto prices will not grow while there are so few of us. The demand is just too small and there are no drivers of growth.
So, what should we do? Is there a reason to just sit and wait for cryptocurrencies to grow? I believe there is none. The only possible solution is that people actually start using crypto in their everyday lives. The number of crypto transactions should amount to hundreds of millions a day. Then, and only then, will cryptocurrencies grow in price.
Personally, I see no other options. However, this cannot be handled by one man alone. The whole crypto community should do this. You may ask: is it possible to live paying with cryptocurrencies only? Judging from our experience – yes. Moreover, we have video proof: here is a story of a guy from Scotland https://www.youtube.com/watch?v=Gb_yVnkHSFs and here is a story of a guy from Thailand https://www.youtube.com/watch?v=l09U16Oqbck.
People will say I’m biased, since I founded a project where you can sell and buy goods for crypto. Yes, it’s true. Still, I’m more interested in expansion of cryptocurrencies than in my project’s expansion. In fact, I founded it for one simple reason: I’m sure that hodlers will never change the world. But we will. We should just learn from the guys in our videos who pay with cryptocurrencies in everyday life and make cryptocurrencies valuable.
This is so true. I am very tired of people screaming: "Bitcoin will change the world, we should jus HODL" - this is so annoying. Nobody wants to contribute at least by using crypto as payment method. I am not even speaking about educating others people about what cryptocurrency and blockchain is. Money want appear in your wallet if you will just sit and wait for it.
To tell the truth, it had been working like a charm for at least since August, 2015, and till December, 2017, that is for more than two years in a row. People could actually buy at whatever price and then literally sit on their hands doing nothing until the price hit a new time high eventually. So don't get surprised when you see people crying now. With that said, I can't possibly agree that anyone should contribute to using crypto as a payment method willingly and intentionally. It should come about on its own, naturally, due to its own merits and benefits.