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Author Topic: How to explain BTC to family members?  (Read 875 times)
destinysaid
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March 15, 2018, 09:45:14 AM
 #81

just like some have said here, the best practice for me is through youtube. Im not so good at explaining, so i use a set of videos i have on youtube and all that.

not posting the link though

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May 26, 2018, 11:43:51 AM
 #82

I know it is hard to explain the concept of cryptocurrency and Bitcoin to your family. Tell them that it is an investment. An investment which gives you result on the basis of supply and demand. Also tell them the worth of a single Bitcoin.
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May 26, 2018, 08:04:14 PM
 #83

When I told my mom about bitcoin, she was very interested. Now when she hears news about cryptocurrency she always tells me.

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May 26, 2018, 08:28:47 PM
 #84

My grandpa is hooked.
Old dude still want to make some money. Grin
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May 27, 2018, 07:33:29 AM
 #85

I explained to my family that BTC is a currency, and my father said, "just like the dollar?" Shocked
I tried to explain my family about bitcoin but most of my family members were against me and were saying that it is a type of scam and unregulated thing which can be much illegal and subjected to illegal activity .
But my father was with me but still Indirectly he was looking like that he is indicating that we should keep himself away from bitcoin like things .
But still secretly I worked with bitcoin and proved that everything is fine with bitcoin and nothing is bad , with the earnings of bitcoin we can pay tax with legal way to use .


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darkie199
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May 27, 2018, 07:53:47 AM
 #86

More or less it's like Share Bazaar! I explained them that way.

•No one in between,
•price can rise up or fall down,
•government does not have hands on it,
•people to people based,
•digital currency with different types of tokens,
•if i'm noob i have chance to get scammed,
•no market knowledge can result in loss,
•depends on luck, more or less market and token value,
•can participate in bounties/airdrops without having to invest(had to explain about those)

Some peoples understood , some said scam, some said not good to play with money and some agreed to work with me xD

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