Topic: How can I contribute more to Bitcoin ? - page 2. (Read 381 times)

Rebuking fake information about Bitcoin shows that you mean well for Bitcoin so you can also show more support and contributions towards the growth of Bitcoin by helping people to know the right information about Bitcoin. You can do this by standing against any wrong information you come across on the Internet, leaving a good comment when you see a negative write up will go a long way in helping people who will come across your message.

In other ways you can do a little bonus if you run a business and accept payments on Bitcoin, a little incentive can go as well as bringing more people to make payments using Bitcoin but be sure you won't be affected or your business when you do so.

If you have received the right recommendation from your friend, be sure to teach him how to do it so that you don't take the wrong step, but if you are diverted to another asset first because for now the market will definitely go down temporarily after the new ATH is broken.

Firstly, there is no need to write your post in upper case letters, it would make members skip your post without reading it. These 'tips' of yours are not recommended, this is just like telling everyone that you own BTC and that is not safe, why do you need to create social media profiles to talk about BTC. You can educate a few friends who show genuine interest to understand what BTC is, but i don't like the idea of going after people to discuss BTC.

Id you don't have much idea on coding and mining on bitcoin then the simplest way to contribute to the growth of bitcoin is to invest in bitcoin. When you have invested in bitcoin then you have participated in the growth of bitcoin. Bitcoin just need more adoption from all over the world. And the adoption of bitcoin the cryptocurrency will expand to many part of the world and through you more people will also involved again and another expansion you have added. You can invest for people if you like it. Or if you selling things, you can accept bitcoin in your shops and people will come and buy things in your shops with bitcoin and you are contributing for the growth of bitcoin.

I'm not sure if this has been discussed in another thread, please point it out if it has, do you have any particular people/credible outlets that provide accurate news on crypto/Bitcoin? (YouTubers/Outlets/etc.)

You can wear this in public, which make people know you're a Bitcoiner and increase the chance of being targeted by $5 wrench attack.

Nah, if you leave your coins in your wallet, it won't grow. But, if you stake your coins on centralized exchange, you will get interest and it's increase your holdings (I didn't mean to ask you to stake your coins, though).

It's like convincing someone to invest in your business, people are likely scared if there's nothing bad with the business/product.

Exactly, Investing in bitcoin and keeping it in your wallet for a long time is the best way to increase its value. And continue to seek knowledge and gain expertise in bitcoin so that if someone comes to you for guidance, you will be able to do so without difficulty, and you will profit when the market goes well. It is a good idea to use bitcoin as a payment method in your business; if you want to donate in bitcoin, everyone who buys your produce should send it through bitcoin. However, some people will want to use it as a payment method, but because certain countries do not consider bitcoin is illegal, it will be difficult to locate a business that requires bitcoin to make payment expect you will do it in hide that he won't be popular. By investing in bitcoin for long term as even finished everything for you. Because your investment as become contribution. you trust it that is why you invest for long term and getting profits.

Spreading bitcoin with love

I like these answers and I think I'm doing that by trying to help people enter the community.

One of my friend is running a node and investing by DCA after he saw me do it, another is starting and has a cold wallet, another is also starting but uses Binance ( it takes time to explain cold custody )

Anyway, thanks to all of you for your kind words and ideas 

Yeah, we are looking at it too complicated, we need to focus on how you could make a lot of profit by just holding and that is a very simple method without a doubt. If you want to add something even further, you could definitely consider by telling everyone you know how amazing bitcoin is, if you do that then you would be getting a greater return for others as well.

Do not talk badly about bitcoin, even during bear period always talk about how it will be improving and you are going to make a lot of money in the future by investing during the bear market and you could wait until the bull market and you would be making a lot of profit. Without that, you could just personally invest and that would be great but that doesn't mean that you are going to lose money neither, that's good enough, the talking about it part is just the extra.

Buying Bitcoin and storing it in your wallet barely helps it grow in the long run. Holding Bitcoin is only good for personal gains because if the price goes up, you get profits on your holdings, but it doesn't help it grow. The growth of a system depends mainly on its usage. The more it is used, the more it will grow over time in terms of becoming more widespread and used by more and more people.

If someone loves Bitcoin as a technology and wants it to stay around for a longer period, they should focus more on its usage and should try to make small businesses and business owners accept Bitcoin as a payment method so that others can know about it and use it as well. This will promote Bitcoin as a mode of payment for which it was created in the first place.

anyone who have a business and they attach Bitcoin for the business I will say that the person is a wise person because I've done it before we are attached business as one of my payment option in my business and majority of young people prefer purchasing or making a payment with Bitcoin instead of using a Fiat currency so that is why I will advise or support the motion of anyone who is in business to use a Bitcoin as one of the payment option and they also a second option of a investment because business of this time is supposed to be diversify so that when the first one crash the second one will stand

If you invest in Bitcoin or you use Bitcoin for a payment tool, it means  you have contributed in Bitcoin. You don't need to have specific skills to contribute in Bitcoin, you can contribute with something that you have the ability.

I'm investing in Bitcoin and I'm trying to spread the awareness of Bitcoin in my area. There are some people who constantly ask about crypto and Bitcoin investment to me, I always share my knowledge about Bitcoin and crypto to them. I'm also trying to give them a proper understanding of crypto and Bitcoin. The are many people who misunderstand about crypto and Bitcoin, they must be given an explanation regarding the truth. So far, this is some efforts that I can do for Bitcoin.

I do not have developers skills myself and that means there is nothing that I can contribute in the technical aspects of Bitcoin but what I do is to help spread the news about Bitcoin to people. I use any opportunity that I get to spread the word and I think that is what most of us can do to help contributing to the growth of Bitcoin. The more people that know about Bitcoin, the more people that will invest and starts to adopt Bitcoin. From there we can get more shops accepting Bitcoin payment and this will help in our request for the currency to be approved by the government so more people can adopt it's usages. You can contribute to the price appreciating by buying more Bitcoin and taking some supply out of circulation to help increase the price.

Bitcoin is self sustainable on its own, when we adopt bitcoin and invest in it, then we are contributing to the community as part of the holders and this is the most interesting aspect of it, because it makes the value increases as many are holding and more are investing as well in the same coin, this is how we also recognizes the effect of increasing in value of bitcoin as we have many holders, buyers and sellers as well.

Another thing is to avoid anything that could serves as an attack or threat tot the bitcoin network protocols, things from there must not change as well as the people who are the developers or the community must always give the right proceedings for everything they see or do.

Yes thank you for this piece of advice, I already tried and I was a bit lost with those channel things and saw many people say they lost funds experimenting with it and I'm not experienced enough to play with this and the very small amount of BTC I have. Also I understand that if you don't have much, people won't use your "routes" and you will not make money out of it.

I think as said before your post, that promoting bitcoin and using it are the best things I can do now

There are many things you can do to contribute to Bitcoin, the simplest thing is you can start investing in it and hold it in your wallet. Or you can spread the right education about Bitcoin to others and teach them how to invest their money in Bitcoin, or pay for your credit or internet package with Bitcoin. Simple things like that have really helped Bitcoin to grow in the future.

(i laugh when someone asks how to support bitcoin and replies try to promote another network(facepalm))
running a lightning node is not about bitcoin. dont let people fool you. its a different network and a risky network, where many people lose their funds. (even lightning devs have lost their own funds using it, and they are suppose to be the experts)

also if you dont have much funds then when you lock up your value and then allow others to route through you, because your balance is low your route wont be a optimum roue for many users and you may end up spending more of your value to re-balance yourself after people use you as a route.
the small fee's do you get for offering your balance may not offer you profit compared to the cost to re-route your funds in another longer(expensive) path to rebalance your channel(s), or the cost to open and close the channel.. so do research and dont be lulled into some fake promotions where people pretend lightning is the better profitable network

the lightning network does not help contribute to bitcoin. it infact is the agenda of causing people to use bitcoin less because they are being forced away from using bitcoin and instead told to use the lightning network. so dont be fooled by all the shenanigans of the subnetwork support group trying to promote another network as "bitcoin"

Bitcoin on the technical side is decentralized, so this simply means that those who have the technical means and knowledge can contribute to the speed, stability and growth of the network, this is always open for any one interested, and as I can see, you have the technical means to a level, and you've taken a part, and maybe still taking a part in the development of the bitcoin network to the degree that you can, this is commendable.

But for those who do not have the technical knowledge of means, or both, the only way to contribute is to buy and hold bitcoin, and you too, nothing stops your from buying and holding some bitcoins if you haven't, for the more the hands that holds bitcoin, the more it's adoption spread.

The idea to look into Bitcoin education whether it’s hosting meetups, creating content, or even just educating your friends and family. Sometimes the best way to contribute is by spreading knowledge and helping others understand Bitcoin’s potential.

As for your Lightning node, I think you'll find it’s a rewarding project once you get through the initial setup. There’s a lot of support out there in the community, and people are always willing to help each other out, so don’t be discouraged!

Keep up the great work, and don’t hesitate to try new ideas, you’re already contributing by being an active and curious member of the community.

Lending is risky and it's hard to trust users with their accounts as collateral for loans. Many trusted users, if trusted means green trust, with loans and they turned to be scammers.

Bitcoin is scarce and if OP already has bitcoins, keep it safely. Contribute to Bitcoin adoption does not mean you need to take risk with your bitcoin and can lose it by taking risk.

Running a Bitcoin full node, Lightning Network node, pay your purchases with bitcoins, donations in bitcoins, and more things, but I am more favorite with things I am ready to pay my bitcoin, not with taking risk and knowing that I can lose it to scammers.