The Best Ways To Use Your Bitcoin Over The Holidays
Bitcoin, and the cryptocurrency market at large has gone through a tumultuous ride as of late. With such steep price declines, it’s hard to get excited over the digital asset’s future prospects, unless of course, it’s Christmas!
Christmas has a positive impact on almost everything. Family gatherings turn from toxic to tolerable, it transforms severe snowstorms into winter wonderlands, and when looking at Bitcoin, Christmas should have a similar impact.
So for Hodlers, investors, and industry participants alike, lets take a deep dive and find the best ways you can use your Bitcoin over the holidays.
Take a vacation:
Although for many, Christmas is about winding down by the fire, but some people just need to get away. In 2017, over 50 million people flew over the holiday season. Unfortunately for many people, their disposable income really isn’t that ‘disposable’; they have bills to pay and it’s hard to save up enough to be able to afford the impromptu vacation they know they deserve. If you fall under this category, then using your Bitcoin to buy plane tickets could be a perfect solution. The Blockchain company Bitnet has partnered with The Universal Air Travel Plan to integrate Bitcoin payment systems across 260 different airlines. Making it easier then ever to use your digital assets to treat yourself.
Giftcards:
In this era of consumerism, it can be hard to find the perfect gift for family & friends, because so much is out there. Thats why for some, it can be better to play it safe and get a gift that is versatile. Well, nothing is more versatile then gift cards. Luckily for you, there are a host of services that will buy your Bitcoin in exchange for gift cards, most notably is gyft.com. This service lets you buy gift cards with cryptocurrency and has partnered with over 200 retailers including Nike, Ebay and BestBuy. If you are supposed to be giving a gift to someone who is picky about what they receive, then this is the option for you.
The Gift of Giving:
If you own Bitcoin or other digital assets, I’m sure the conversation of “what is blockchain” was brokered over thanksgiving, and will most likely be brought up again over Christmas from the same family member. That’s because, for many people, cryptocurrencies biggest barrier to entry is this knowledge gap; some people just don’t know enough to dive in. That’s where you can come in. Instead of arguing with aunts and uncles at the dinner table over the prospects of a decentralized economy, why not give them a little Bitcoin as a stocking present so they have an opportunity to try it themselves. What’s really great about this gift is that it’s the gift that can keep on giving. It can appreciate in value, and hopefully this will be the tipping point that gets those pessimistic family members more interested in cryptocurrency, adding new passionate members to the Bitcoin ecosystem!
Just HODL
If you can’t find any worthwhile purchases to use your Bitcoin with, then simply hodl and hope that this market correction continues. Hopefully by this time next year, crypto’s version of jolly Ol’Saint Nick will be putting you on the nice list for hodling while everyone else is stuck on crypto Santa’s naughty list.
Although conventional wisdom would say to go spend some fiat money at the mall, more and more retailers are shifting their businesses to be able to accept cryptocurrency. So no matter what gifts you need to make your loved ones happy this holiday season, Bitcoin is the perfect asset to make it happen.
