Time to board the Bitcoin train | |
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Anonymous Coward User ID: 76839094 Netherlands 04/05/2019 01:55 AM Report Abusive Post Report Copyright Violation | When your friends come asking! Bitcoin is up over 20% in the past 2 days and while it's too early to tell if this is a true bear market reversal or not, you're likely already getting light touch questions from Nocoiners like it was late 2017 all over again. Their FOMO has kicked in and has them poking and prodding to see if there is a signal from you that now is the time to make the plunge. Data is already emerging that shows curiosity is peaking again. Learn from Last Time But this time, instead of sending them a Coinbase link or trying to instruct them how to set up a wallet, go through KYC and hook up a form of payment, or struggle to explain private keys - instead get them their first $5 or $10 worth of Bitcoin with a simple text message using DropBit. You can send people all the articles and instructional videos you want, the fact is they will pay attention and learn more if they actually own a wallet with Bitcoin, even if that is just a small amount. Much of the mystery and doubt of the unknown goes away and then curiosity drives them deeper. All You Need is their Phone Number DropBit is a non-custodial open-source wallet that simply allows users to send Bitcoin to a phone number. With a few taps, you can send them any amount over $1 and they will get a text prompt saying they have been sent Bitcoin. The wallet handles the rest of the on-boarding in an easy-to-navigate 2 minute setup process. Compounding Bitcoin Ownership If every Redditor that owns Bitcoin sent $5 to 5 of their contacts, this would have a sizeable ripple effect on Bitcoin and very quickly the price. The % of people who own Bitcoin will rise which will naturally result in merchants dialog and exploration, and companies taking a harder look at the benefit of supporting this asset for payment. Additionally, when users get their first small amount of Bitcoin, their natural inclination is to start checking the price on their app(s) more frequently which leads them to either want to buy more...especially at the beginning of a bull run when they are seeing their $5 turn to $7 or sell/use their Bitcoin. Either outcome is additive because it removes any doubt about the utility and trust of the end-to-end transactional process. Download DropBit: [link to dropbit.app (secure)] Open Source: [link to github.com (secure)] Good luck ! |
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