The adoption of Bitcoin Cash is steadily growing to be a more competitive peer-to-peer payment around the globe and now is undoubtedly the best time to put Bitcoin Cash in everyone's portfolio and start on convincing more people who are still hesitant about it.
I came up with the best possible ways to convince your relatives, friends, families and everyone around you to get onboarded on Bitcoin Cash (BCH) along with the potential risks they can take with the current market situation. If you can read this article until the end, you can share your ideas below so we can came up to more ways to spread the adoption of Bitcoin Cash (BCH) locally and globally.
For someone who's hesitant about BCH, they would probably ask of it's legit or if it is really working as a great alternative for payment. In that case, show them that BCH was already accepted by institutions like Grayscale, used by lots of payment gateways and thousands of merchants around the globe.
Bitcoin Cash is widely accepted anywhere in the world like Rakuten in Japan where BCH can be used for E-money charging, shop, dine and rest in lots of places in Bangkok and thousands of companies all over the globe using BCH as mode of payment.
Bitcoin Cash aims to be used and accessible by all people in the world to oust centralization, fight inflation and replace dollar because of the risks made by infinite minting.
They might say that they will stick to the traditional money and will still believe that the Government will do something to save it and paper money will stay in the future, then it will be a good time to lecture them about the evolution of money.
Tell them that history will speak to itself and that throughout history, there were lots of forms of money and starting from barter trades, jumping to paper currency backed by Gold and to the present with fiat currencies with nothing backing it at all and inflation keeps getting worst, what will be the future of fiat currencies?
Fiat currencies will not stay forever and money will evolve eventually. What will be next? Bitcoin Cash? Why not?
Bitcoin Cash has the credentials to be the perfect alternative or replacement for money:
It's fast. Cheap. Decentralized. And safe from inflation!
The Government will just keep on printing more dollars and in the near future your paper money will probably lose its value and you will need a payment method where your money can be safe from inflation.
So believe it or not, in the future, cash will eventually evolve into a digital money that is decentralized and inflation will not be problem like Bitcoin Cash.
Bitcoin Cash is a cryptocurrency. Putting your money into gives you risk of lossing and a chance of winning.
In cryptocurrency you can lose 100% or win 100%, but this will not be the case for Bitcoin Cash.
Bitcoin Cash has strong fundamentals and real-world use cases so the risk of losing 100% is only a myth now for BCH. With the current situation of BCH and the crypto market, you can show them that the current price of BCH is a good deal compared to what it was a year ago (where its price was at $1700 per BCH).
At the current price of just around $300, and as a cryptocurrency ranked in #26 with just over $6 Billion in market cap, I'd say that it is a High return yet a lower risk investment. A good deal to start avoiding the inflationary dollar!
But of course, this is not a financial advice. And it's better not to put all your savings at once directly. Crypto market is volatile and we need to make the risk we take no matter how small or big it is.
And the last thing you can do is to offer or teach them a better approach and responsible strategy to cover themselves in any possible risks.
Teach them how to dollar cost averaging, let them learn how to buy the lows and sell the highs (if long-term, hold), and diversify their money.
Also give them a warning that trading is addictive and if they don't have time to learn how this works, it would be much better to just accumulate Bitcoin Cash and hold it.
And more importantly, warn them to never ever take out a loan just to invest in Bitcoin Cash or any other cryptocurrencies. Cryptocurrency is very volatile and you never know when will it go up or down and using loans to buy cryptocurrency will put you at risk.
Lastly, teach them to have a long-term plan when buying or investing in Bitcoin Cash. Investing and getting rich is not something that will happen overnight. Tell them to be patient with their investment. And if possible, tell them to only invest the money that they won't be needing for a long time.
