Bitcoin Forum

"The advancement is so fast.  Can they just slow down" this is coming from a friend who is a noob and still trying to find his way around Bitcoin.

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned. He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up. Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point. Most times, this can be really overwhelming. I think there is a fear of missing out here and being behind. What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

It’s simple keep to a thing and make sure you get better on or even get the basics first before going into another other thing. There’s a saying the ‘Jack of all trade is sometimes master of none’. Concerning cryptocurrencies he should stick to bitcoin only because just like there’s the hype now around BRC-20 there will be  new tokens trying to better off bitcoin in future. This are mostly scammers way of luring people into their Alticoins by promising to go beyond what bitcoin is for. Your should be aware that there are more than 1,000 altcoins currently and none has come close to bitcoin. So he shouldn’t bother about them.

I think your friend should focus on understanding the fundamentals of Bitcoin and the ideas behind it. He should put the Ordinals and BRC20 issues aside for the time being since he is still learning about Bitcoin as a whole.
He shouldn't have been troubled by all of this if he knew enough about bitcoin, as the trend of ordinals and BRC20 disrupting transactions is no longer an issue. This suggests that anything other than Bitcoin is not consistent because it will eventually disappear.

I would advise your friend that BRC-20 is not an update of Bitcoin, in fact it has nothing to do about Bitcoin. The latest upgrade of Bitcoin as far as I remember is taproot that introduces some new features of Bitcoin such as Schnorr signatures, Taproot script and Taproot privacy.  Although taproot enable the integration of Bitcoin ordinals, BRC 20 token as I stated is not a part of Bitcoin network.

If he felt like he can't catch up with the update then he should double the time he allocate in learning about BTC, probably this time his leaning strategy will catch up.

Just enjoy every feed that he's seeing in the market, whether they are new trends or hype, the learnings will be there and that's the important thing that he has to extract out of those. It's okay if he's taking it slowly, there's no need to rush, and there's no competition that he needs to get ahead of time. Remember that. Because that's probably what he's thinking on his mind and it's not really a requirement as long as he's invested in it. Just keep on doing what he's started of dedicating his time in learning.

The technical changes that are taking place in the recent period are very accelerating, but you do not need to understand everything new, but rather to know whether the new will affect you or not, so far I have not gone into the details of BRC-20, but I am aware that it is not the update that will bring about a change, but rather like other things, people deal with it for a while and then They are looking for something new, the real development of Bitcoin takes a long time and you can safely track these changes.

The advice is to watch credible YouTube channels and check out some of the events, and you will find that your information is up-to-date.

Learning about Bitcoin and keeping up with the latest are probably two different and conflicting things. To somebody who is already exposing himself to Bitcoin, he can't avoid stumbling upon latest updates and controversies surrounding Bitcoin, but he can't put his entire focus on them yet. Surely, there will be lessons learned and knowledge gained in reading what's new in Bitcoin, but the basics are probably worth learning first.

The issue on Ordinals, for example, won't be interesting to somebody who doesn't have the background. That Chipmixer is seized by international authorities, for example, might be puzzling to somebody who doesn't even understand why such a service is important.

I think your friend should focus more on Bitcoin. He doesn't need to worry much about BRC-20 because there are new things coming every day and often when a guy is new he gets confused easily. The only person who can be successful in this market is those who keep an eye on the things around them but do not panic because of them. If he is learning about Bitcoin then that is great and he should not worry about Bitcoin because it is a crypto currency that will never be lost.

Everyone is aware of the importance of Bitcoin and no one should have any doubts about the potential of Bitcoin.

This is technology my dear it will grow day by day. And this is trend. And trend is friend. By the way this Brc-20 and ordinals are the new development but this is un- official. Because after Satoshi there is no owner so there is no official announcement. This is the trend so take advantage from this.

 And say him don't confuse just try to use when he will use than he will get more knowledge by using.

Your friend is on the right track at the moment, but the problem is he wants to process everything in a single go, which is not possible, you should advice your friend not to hurry, because it will give him problem in the future , tell him to take it slow and one step at a time, this is not a race, timing and patience is very important, he should be cool and relax when making decisions, to avoid mistakes in the future.

Advancements in the Bitcoin space is a bit slow imo, we have proposals like Taproot, ordinals and BRC-20 coming very far between unlike some other blockchains that makes full blown changes very regularly.

That being said you don't need to keep tabs with every major improvement or update and certainly should not rush into them when you're still trying to grasp previous ones. The most important thing is that they understand the basics and how to properly handle their security when storing their bitcoins and when making a transaction.
New updates sometime required attention such as how ordinals affects transaction fees, but you can do this over a couple of articles and inquiries here, without getting too technical about it.

Funnily enough — Bitcoin's advancement is actually quite slow, which is totally understandable because everything needs to be done really really carefully. Ordinals and BRC-20 is actually the only thing that's interesting that we had in a good while.

Keeping up with the constant innovations, updates and improvements around Bitcoin is never an instanteanous process. It is always best to start simple get well grounded in the basic then gradually and consistently follow up with the updates and improvements. Trying to understand everything all at once will lead to more confusions. For a start it should just be kept at understanding Bitcoin its p2p network, how to buy, best means of storage and how to avoid scam.

I mean yes the technology is upgrading day by day and the Ordinals and BRC-20 is a new thing in Bitcoin but it doesn't really matter since we can all learn this thing yes there is a fear of missing out here, and its always a thing on cryptocurrency, bitcoin, market, etc. If you really want to keep up with things just continue learning for sure you're going to learn what you needed, Ordinals and BRC-20 are just new hype on the cryptocurrency work.

One of the things here is you don't really need to always keep up there will always be new things in the crypto world, if you don't get on that new hype you could always get on the need one don't you do not need to always get in since that can cause you a lot of lose.

I understand the demands from work place and how tired and busy one could working under someone but still yet, giving a 30 minutes sacrifice to learning about bitcoin is still not good enough, for though if that could be within the week and maybe by weekend give it some hours to learn more, i think that will be more better because bitcoin is as bulky and voluminous as he had said earlier, but it takes a determined person and his teacher to help the learning process get faster..


He should first concentrate on his learning ad growth first because if you begin to elaborate discussion on ordinals to a newbie he will keep getting confused the more, he should take one step at a time, despite the ordinals challenge the bitcoin network is never down and that does not stop the eagerness for more bitcoin adoption all over the world, but a newbie will take all these as fear of missing out.

Bitcoin is only one, no two or three.
Teach what you know about Bitcoin (BTC).
If your friend is a beginner, tell him that there is only one Bitcoin so you don't get confused with other names such as Bitcoin Cash, Bitcoin SV, Wrapped Bitcoin.
Explain the difference to your friend.

Kindly convey to your friend how to safely store Bitcoin that he has invested so that he doesn't lose it.
Don't forget to tell you to store assets in a trusted wallet with good security because storing exchange assets is very dangerous.

Simply that he should not become obsessed with it, that he should learn little by little. I don't have a great technical knowledge but with the passing of the years I know a little more and more, without reaching the level of those who comment in the technical sections, most of whom I suppose have degrees in computer science, computer engineering and careers like that. What I do understand more is the economic or monetary part.

So, as I said before, let him go little by little, he is not risking his life in it. If he acquires Bitcoin as much as he can, he will have a better future.

He must try from basics. Learning basics and mastering basics for his benefits like safely store his bitcoins, safely make transactions, understand transaction fee, mempool, fee size, fee rate and are able to save transaction fee with enough fee rate and Segwit address. Some more basic things like control inputs, outputs with Coin Control features, Change address.

I believe those things are enough for him to learn and practice if he does not want to learn coding.

Learning about newest technologies is not necessary for him if he is not a developer. If he feels overwhelming, he can stop and focus back to basics.

Bitcoin information & resources (https://www.lopp.net/bitcoin-information.html)
How to lose your Bitcoins with CTRL-C CTRL-V (https://bitcointalk.org/index.php?topic=5190776.0)

Learning something new can get bored and not encouraging to continue when you begin to imagine and ask yourself if you will be able to catch up and learn and understand everything you need to know to have a level of understanding. As someone learning something new, you just need to keep learning through everything and feeling of discouragement you have until one day when you will find the link and finally understand everything and the modifications that have been made including the reasons for it. My advice to your friend is to keep learning, it will make sense one day.

This might be off-topic but please bear with me since I kinda relate somehow to the topic.
Back when I was learning software development, I was also getting overwhelmed by lots of stuffs to learn. I am pretty sure that web development was just like HTML, CSS and then Javascript until I read about the other frameworks like what the fuck are these. That led me to being overwhelmed on this whole journey in my own career.

Turns out that I don't need to learn all those stuffs anyway. As for your friend, you don't need to learn everything. There's just way too much to absorb in learning Bitcoin. Surely not everyone here knows BRC-20 and not everyone here knows how to mine Bitcoin (count me in as price of rigs here in my country is insane).

If your friend only knows how to be a hodler, that's perfectly fine. If s/he wants to learn more stuffs related to Bitcoin just take it one step at a time. It does not have to be one day journey.

While I do have some technical knowledge in CS and IT, technical stuffs in Bitcoin is not really my cup of tea. It might not be for everyone anyway. Kudos to those who have extensive technical knowledge in Bitcoin. :D

I really don't think there is a need to always be informed about everything and know and understand everything about something, why? After all, technical details aren't for everyone anyway.
In order for someone to benefit from bitcoin, one does not really need to understand all the details, but it is important to understand what is the purpose of bitcoin, what is its potential and to know how we can best use this potential. I really wouldn't worry too much about the rest.
If your friend invested money in bitcoin, then the only important thing is that he knows how to analyze market movements, that he knows the basics of investing, that he has a concrete investment plan and a clear exit strategy.

I assume he is an investor because he started to invest and willing to learn further but there is no need to confuse with the technical knowledge much or some shitcoins trying to mess with Bitcoin in one or another way.

Ask him to keep the things very simple, keep accumulating the Bitcoin should be the goal not to give any attention to the FUDsters.

I have a counter question for you about your friend. Has he already bought a bitcoin for at least a couple of bucks to practice live or is he studying the theoretical info about it? Why load he's head with unnecessary information (at the moment) about updates if don’t have a complete understanding of the basic things yet. Let him first experiment with the available material, and only then move on to more complex things. There is no need to run headlong for new updates when the current issues are not all resolved.

there are some claims that say that it is the development of Bitcoin ^{(such as lighting network or brc 20)} you should remind your friends not to focus on that first, tell your friends to learn in advance about the basic concept of Bitcoin through the bitcoin whitepaper ^{(can be found via searching on google)} because it's very important so he doesn't make mistakes understanding.

brc 20 or the ordinal protocol concept has subsided, so it's of no use anymore for your friends to learn about it, just focus on Satoshi's vision and mission because that's pure.

It’s simple keep to a thing and make sure you get better on or even get the basics first before going into another  thing. There’s a saying the ‘Jack of all trade is sometimes master of none’. Concerning cryptocurrencies he should stick to bitcoin only because just like there’s the hype now around BRC-20 there will be  new tokens trying to better off bitcoin in future. This are mostly scammers way of luring people into their Alticoins by promising to go beyond what bitcoin is for. Your should be aware that there are more than 1,000 altcoins currently and none has come close to bitcoin. So he shouldn’t bothe i really don't think there is a need to always be informed about everything and know and understand everything about something, why? After all, technical details aren't for everyone anyway.
In order for someone to benefit from bitcoin, one does not really need to understand all the details, but it is important to understand what is the purpose of bitcoin, what is its potential and to know how we can best use this potential. I really wouldn't worry too much about the rest.
If your friend invested money in bitcoin, then the only important thing is that he knows how to analyze market movements, that he knows the basics of investing, that he has a concrete investment plan and a clear exit strategy.

You definitely have an answer that can be given to your friend, it's just that you are confused about which one to explain first, if he wants to invest then teach him how to invest so he doesn't make a mistake in doing so.

He couldn't resist something new when he said his attitude towards investing in bitcoin, what he needed to do was continue to learn something needed to support his development in investing. Whether it is slow or not is not a problem as long as he continues to study, there is nothing complicated about investing in bitcoin and new technical things that will happen to bitcoin can be learned by adding some reading in it regarding this matter.

But the basics about bitcoin is something he needs to learn first as it will lead them to the knowledge stage around how to invest. Don't be too obsessed with new things because the focus must remain on investment, while new things that will emerge can be learned on the way later.

If your friend can't keep up or slow to learn then why not take the time to learn more instead of rushing. Being hasty will only result in loss of profit if your friend invested in crypto without enough knowledge how it works and how to keep your crypto safe. That's the advise that I can give to your friend. Since you said he is a noob then you should also give your friend and answer some questions if he ask you something.

To understand bitcoin is not a day job but it is a continuous learning. Knowing the latest terms in bitcoin is nothing but just the preamble of the blockchain. If really he is studying bitcoin he has to go deep on bitcoin blockchain software and if possible to the white paper so  lot of things will be revealing to him. Tell him that he should not give up and let him be patient since has started investing in bitcoin, he has to learn perseverance and risk taking.  If he tries to rush the learning process then he will miss out many things that he would have known before that level.

I think your friend is trying to kill many birds with one stone which is not possible. He should just focus on one as he has started with bitcoin, he should concentrate on bitcoin and should not complicated things for himself. Getting much of it to study or learn about might get himself more confused on the right thing to do which might end up making him miss out from some important events which he was suppose to catch up with but if being divided, i do not think he can be able to meet up. Tell him to narrow down his thought and engagement to bitcoin since he has already invested in it so he could be able to follow up with the bitcoin market and other unfolding development on bitcoin.

Advised my friend about bitcoin or bitcoin investment when bitcoin market was around $17k. My friend invested around $500 at that time but when the market rose to around $22k my friend sold all the bitcoins he had invested. Now I'm not going to give any advice on whether or not my friend should invest around $26k.

Bitcoin is like our everyday life, you keep learning as it advances.
The problem comes when you want to forcefully learn everything in just 1 day, learning should take stages.

BRC-20 tokens gained their popularity only through hype which is now slowly decreasing. A natural thing we should know that if the price of Bitcoin reduce in the market, no coin will be able to hold its value. A new investor must be careful in investing but if a new investor invests in Bitcoin then it is definitely considered as the best investment. I advise my friend to choose only Bitcoin for investment in cryptocurrency. If you want to reduce the risk, there is no alternative coin to investing in Bitcoin.

It is surprising to read that your friends is concerned about the growth of Bitcoin saying, it is advancing so fast meanwhile that's not what is happening. Bitcoin advancement is very slow but I guess others who had told you that in the earlier replies so there's no need for me repeating what they have said. My little addition is that your friend should just buy Bitcoin, he should forget about all that's happening around Bitcoin. His main concern should be buying and securing his Bitcoin so it doesn't get stolen as there are reports of hacks happening even in supposedly self custody wallets.

He should join the forum and spend few hours reading on the forum either before he goes to bed or when he wakes up to prepare for his work. He should concentrate on the Bitcoin related boards (Technical discussion board and Bitcoin discussion). He can stay up to date with things happening in the industry while he continues with his regular day jobs. Nobody should stay outside the industry as been ignorant shoudn't be an excuse. He shouldn't let the new advancement of Bitcoin network to discourage him instead it should motivate him to learn more about Bitcoin.

Actually, you do not need to hurry too much in learning with the crypto world all of the things take time for you to learn and adopt to the current environment I recommend to don't give up and continuously learning and as you are saying its your friend and ints a good thing that you have a companion would like to learn more about bitcoin itself somehow sooner or later both of you possible get a new knowledge so you can share to each other, help those people who want to learn instead wasting time to those you want to learn but they arent interested at all.

It's better to bow out when the ovation is loudest. That's all I can say on this. You advised your friend to buy and they did and made profit the first time. Don't prompt him again. Otherwise, if he does and loses he won't remember the first time he profited from it. Humans are like that. He will bemoan his loss and blame it on you.

This was exactly what came to my mind when I read the OP. Except OP's friend is more interested in going into Bitcoin development, I don't see why he should be bothered about its development more that throwing his cash on it and acquiring it now that it's very affordable.

These are two distinct aspects of cryptocurrencies that he should not mix. As a beginner to the world of bitcoin, he will definitely want to know every single piece of news that comes with the trend in order to stay current, but some of them are simply distractions that he should avoid.

FOMO exists, and the case of BRC-20 is only one example. For the time being, let him concentrate on becoming more familiar with the fundamentals of bitcoin because if he misses out on it, particularly on its privacy and security, he may be disappointed in the consequences of not fully understanding it before involving himself in other aspects of cryptocurrency.


He simply reaped the benefits of his investments as soon as they arrived. I won't say whether he's clever for doing so. With this, I'm confident he'll speak positively about bitcoin rather than negatively. But I believe that if he had been smarter, he would not have sold everything and would have kept some for later use if at all he needed the money urgently, which pushed him to sell everything when he made a profit. You don't have to tell him to buy at $26K again; he might blame you if the market doesn't go well for him again. Allow him to learn and invest when he is ready.

In every building, the foundation is one of the most important parts of the structure. It is on it that other materials will be laid. That is why it is important to make your foundation solid to avoid the collapse of the building. Your friend must learn about the basic of Bitcoin because he can be deceived. You did well to expose him to the foundational concepts of bitcoin. Bitcoin education continues so you still need to teach him more. It is not bad to learn more about new inventions and discoveries about bitcoin and others. Your friend should be aware that the Bitcoin space needs patience and constant advancement in knowledge.

It is not bad to have the zeal to learn current affairs in the industry, so his behavior is not abnormal. My advice for you is that you should tell your friend to take it easy. Let him know that thier is high risk when dealing with any crypto currency except for Bitcoin. Before he invests in this sector he has to do his research. He should also get information from trusted platforms and not from the social media that is control by individuals that can easily give false information.

As long has the interest to learn still lives, then I don't  think he will have any problem of missing out on these new developments, besides the easiest way to catch on all things crypto is to be a follower of these big crypto news sites like coindesk and the alike then he can be guaranteed to be in the know!

Just a side note, our friend should not  feel pressured to knowing everything that's their to know, let him pick what he can make use of at the moment and the rest will sort itself out,Good Luck:)

Initially, if you try to juggle multiple things, it's likely that you may become overwhelmed and delayed in learning the essential aspects of Bitcoin. Therefore, it is advisable to prioritize your focus on understanding Bitcoin thoroughly before branching out into other areas. There is a considerable amount of knowledge to acquire specifically regarding Bitcoin. Once you have a solid grasp of the fundamentals, you can then explore learning about other concepts such as smart contracts. It is recommended to dedicate your attention to Bitcoin for now, as it will provide a stronger foundation for your overall understanding of cryptocurrencies and related technologies.

If he really wants to learn, information is abundant. There's really no excuse in that part. My best recommendations are learnmeabitcoin[1] and Andreas' work[2]. If he can spear an hour after work, that's more than enough. If he struggles grasping a term, there is Bitcoin forum and stackexchange.

[1] https://learnmeabitcoin.com/
[2] https://github.com/bitcoinbook/bitcoinbook

He should only focus on what’s important and disregard those that come along. If he tries to put everything in focus, I bet he will have a problem coping up with everything. But if he’ll focus on the basics and improve himself as time goes by, then he’ll not be bothered at all. While it’s good to learn and acquire limitless knowledge, but for noobs it’s good to focus only on the basics and let your experience in the market do the rest.

Do not try to learn everything especially if you are a newbie. That will not help you at all. Instead, focus on what’s more important to learn because that will guide you to not to commit maximum mistakes and losses in the market. After all, once you have gained a lot of experiences in the market, that will help you to gain a lot of knowledge as well.

The task is on you that knows about bitcoin through this community's, from my perspective its your duty to give he or her all the necessary information he needed concerning bitcoin, so therefore I believe that bitcoin information is not hidden its something you get through Internet, but since your friend very curious to know of bitcoin and its investment, I. My own opinion will like in a situation whereby you introduce your in bitcointalk and share some links where bitcoin has been discussed concerning its development and its technology and in same time let the person know the disadvantages and advantages of bitcoin, so that whenever lose manifest during his investment you will not be blame

For the fact that Rome wasn't built in a single day then that should be enough inspiration for your friend not to try to assimilate all he needs to know about Bitcoin on a single day, as it is a gradual process and the earlier he understand that, the better for him in his journey to learning all about Bitcoin. But I can only suggest if only each day he can just pick a particular Bitcoin related concept and tries to understand what its all about, how it works, i'm sure in next 6months or a year, he should be grounded with all he needs to know about Bitcoin, it's related terms & meaning, best safe wallets and e.t.c

And you can equally introduce him to this forum, as this forum has got all the best content he should need in his crypto journey and 24hrs available Bitcoin experts always readily available to offer solutions to whatever challenge he might be facing.