Is Using Crypto More Important Than Investing in Crypto?
I think the time has come where we start dedicating more of our thoughts, energy, and even discussion on this sub to how we can use crypto rather than just investing in it. Instead of seeing thread after thread of "what coin is going to moon", "should I buy ABC coin", or "be sure to buy XYZ coin before it explodes" we should be asking questions like "what are new projects or dapps that launched this month", "how are you putting your crypto to use", "try this coin you can use it to do this".
Why you say? At the end of the day we all want to make money on our coins, the best way to make this happen is to actually use our crypto. Here is an example, what were the last couple of things in crypto to explode that helped propel everything to new ATHs? That's right DeFi and NFTs. People actually using their crypto to participate in DEXs, buying and selling coins, providing liquidity, farming, etc. People using their crypto to buy NFTs.
But notice it wasn't just DeFi and NFT related coins that were up almost everything was at new ATHs; a rising tide lifts all boats. The more we use our crypto the more value it has, the more value it has the more the coin is worth, the more some coins rise the more all coins rise.
But why would all coins rise if only certain types of coins take off? Because although crypto is getting big it is only a tiny fraction of the world's economy. When a certain usecase takes off in crypto mainstream companies have to ask "how can we make money in crypto". Notice each time something new in crypto explodes many new companies, billionaires, celebrities, and the like enter the space. They don't do it quietly, they know using their influence to have people follow them will only be self beneficial. Now you have a great deal of more money from the fiat economy converted to the crypto economy. When the entire crypto space grows so do all of the coins in it. (OK not all coins but majority)
So let's start using our crypto as much as possible! How can we do that? Well let's share coins, dapps, and ideas of where and how to do this. Let's stop being tribal, and be a community. If you learn about a new way to use your crypto don't outright reject it because it's not on the chain you "back", you can't buy it on the one exchange you prefer, is not as perfect as the fiat option (yet), or doesn't meet your market cap requirements. Instead go the extra step to make it work (like you probably did when you purchased your first crypto). And you don't need to invest thousands in each coin/use case; just use it for what you need at minimum.
So let me start by giving one idea and one usecase. I hope you all will do the same!
Idea: When given the option to pay in crypto do it. If you are not given the option ask for the option to become available. The more crypto is used or asked for the more companies will cater to it; they will be forced to out of the fear they will lose business if they don't.
Use Case: Wagerr (WGR). It's a one of a kind, literally the only decentralized sportbook in existence which means no KYC, no limits on bets, and best odds. I do all my sports betting there and you should too: Wagerr.com/Sportsbook
Hopefully this hit home for some of you and please share your ideas and use cases so we can put more of our crypto to work!
submitted by /u/CryptoDgen
[link] [comments]