The mercurial rise of bitcoin prices to alpine heights followed by a disheartening decline by the end of 2014 can leave one with a jaded outlook about the future of this currency. There are a few strategies to counteract that instability by bringing it into everyday use.
Spread the Word
Get friends, family, and colleagues interested and involved. By now, nearly everyone has heard something about bitcoin. The more people trading in this currency, the more popular and accepted it will become. The bitcoin ideology is intriguing and there will be plenty of questions.
Be prepared to give the best information to newfound bitcoin fledglings. Learn all there is to know about how bitcoin works, and know where to find answers to the difficult questions. Be well versed about the advantages of investing and spending this currency. Keep current on the latest news and be able to separate fact from fiction.
What better way is there to bring bitcoin into the mainstream than by supporting the merchants who accept it? In the beginning, finding such businesses was difficult. Trust has developed and the word has spread that accepting this virtual currency is not risky.
Dispel the Myths
Be aware of the myths surrounding bitcoin use and counter them with truth. The virtual nature of bitcoin and the early hype have lent a mysterious and unsavory idea that there is something illegal going on here. Either, the currency itself is illegal to use or that the users are criminals. The fact is, millions of unbanked people worldwide trade this currency daily.