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Author Topic: is this the right time to explain about bitcoin to others..?  (Read 22793 times)
Ntr.. (OP)
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January 03, 2019, 01:44:42 PM
 #1

now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...
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January 03, 2019, 01:47:07 PM
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now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...
Do the opposite of the herd. So when everyone is selling, what you should be doing is accumulating small portions. Teach people about crypto, now is the time to start scaling in again. Teach them risk management and how to safely store their coins and not fall for any scam.
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January 03, 2019, 01:53:59 PM
 #3

There is no right or wrong time to introduce Bitcoin and blockchain technology to someone, this should not be something related to the price of Bitcoin and how profitable it is, to be honest focusing on the price and profitability is one reason to drive people away from the technology itself and make them just focus on how they can make profit and this appears clearly in times like this, people who joined because they are interested in the technology are probably are those who still in and those that were just in for the money probably already sold their holdings and moved on or are just talking about how scammy Bitcoin is because they lost a lot of money in it.
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January 03, 2019, 01:54:36 PM
 #4

Indeed this is the right time to make sense to the people close to you but do not pressure them to invest on it, give them time to think about investing on bitcoin after telling them the positive information about the bitcoin and the blockchain technology. Let them realize first the future of the cryptocurrency industry and the positive impact of this technology by teaching them the fundamentals of bitcoin and blockchain technology.
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January 03, 2019, 01:58:20 PM
 #5

now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...
Do the opposite of the herd. So when everyone is selling, what you should be doing is accumulating small portions. Teach people about crypto, now is the time to start scaling in again. Teach them risk management and how to safely store their coins and not fall for any scam.
a better way to do is as what you have said it's good to teach people about crypto and keep them mind about the risk they might have taken if they fall for their wrong actions like scam or investing a coin which is not profitable.
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January 03, 2019, 02:02:04 PM
 #6

there is no right time for me.. it depends on the how the other person will accept it.  if the way of thinking is to be rich overnight, then they shouldn't buy any coin.  you might end up being blamed if they lose.
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January 03, 2019, 03:18:35 PM
 #7

I don't think there's an specific time to go around and start spreading awareness about bitcoin, you can do it whenever you want. If you want to talk about the price, fine, but if I want to get people interested in bitcoin I would talk about its properties and its advantages over other assets. Let people decide for themselves if they want to buy or invest in bitcoin, you did your work by simply spreading awareness.

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January 03, 2019, 03:45:14 PM
 #8

now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...

In my opinion you shouldn't start explaning bitcoin to others with btc price.
It should come on the end really, not as first point.
People should first understand origin of bitcoin, meaning, value in everyday life etc.
When they understand it, you can move to the subject of market and trade and earning potential.
Don't forget to explain potential risk involved.

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January 03, 2019, 03:53:30 PM
 #9

There is no right time to explain bitcoin and it always depends on the person to understand about the potential qualities of bitcoin or not and I think if you can explain about it right now and if he or she understands it and invest it is a smart move by that person because unlike before now the price is very low so the income margin will be much higher than before and again its up to the person but not you so explain about bitcoin to everyone but there is no right time to do that.

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January 03, 2019, 04:00:28 PM
 #10

There is no right time to explain bitcoin and it always depends on the person to understand about the potential qualities of bitcoin or not and I think if you can explain about it right now and if he or she understands it and invest it is a smart move by that person because unlike before now the price is very low so the income margin will be much higher than before and again its up to the person but not you so explain about bitcoin to everyone but there is no right time to do that.

Yes there is no right time to explain about bitcoin and it always depends on the person to whom we are explaining has to be satisfied by our explanation and shows interest in investing in bitcoin that will be the success for us. you can add in your explanation that value of coin is low hence investing some amount in bitcoin and holding it for few months can be profitable once the market pumps up.

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January 03, 2019, 05:31:16 PM
 #11

Perfectly, this is the far right time to explain crypto/ bitcoin to others why because: this is even the bear time so that they'll be enthusiastic to follow the trend as they await the bear market, not when there's bull time and probably it might be eventually leads to bear time due to market fluctuations.
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January 03, 2019, 10:01:14 PM
 #12

now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...
Are you really going to explain others or you are just looking for satisfaction with what you think for bitcoin as a scam? Don't just look at those times when bitcoin was on $20,000. It wasn't the only basis for it to tell others what bitcoin is.

Okay, let's think that you are about to tell and explain bitcoin to others. Using the word "scam" doesn't really fit instead of that use the word "volatile/volatility".

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January 03, 2019, 10:39:53 PM
 #13

now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...

The right time is when people are ready to listen to you, it doesn't matter if we are in a bearish or bullish trend. Heck there are even more people who enter last 2017 because they heard it from somewhere, however, that's about it, they thought it's an easy way to get money, but they're wrong as majority of them got burned easily.

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January 07, 2019, 08:20:33 PM
 #14

The right time to explain to others about bitcoin is right now.
But be sure to always put a disclaimer to every thing when explaining about bitcoin to some one because when it goes down they might tend to put the blame on you
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January 07, 2019, 08:40:57 PM
 #15

The right time to explain to others about bitcoin is right now.
But be sure to always put a disclaimer to every thing when explaining about bitcoin to some one because when it goes down they might tend to put the blame on you


At this situation we definitely need to teach about Bitcoin and it uses because the value will definitely increase while we invest lot of amount on that otherwise we cannot do anything against that so investing only the way to improve the value so it means lot of people to get interest in university that's why it is very important.
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January 07, 2019, 08:55:38 PM
 #16

so iam asking that if i explain now about the bitcoin they may think as a scam...

You ain't introducing them to the price rather to the product worth and the inherent value of bitcoin. If anyone thinks it is a scam based on the price being at a low, they do not yet understand the concept behind this technology.

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January 07, 2019, 10:14:33 PM
 #17

You can share bitcoin knowledge to anyone,anytime because some are really closed minded that even the marjet is down, they still consider it as scam. The problem is not the value of the market, its the thinking of the people. Some will believe and some will say "see? If i invest last year, i will be bankrupt. Its really a scam".

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January 07, 2019, 10:27:46 PM
 #18

Yes of course everyday and every time is the time to explain what is bitcoin and before of that because of the dumping or falling of the value of bitcoin you should also explain on what happening on the market for them to understand  well why it is happening. And for the addition always tell them that they need also to make their own research for their additional knowledge and to expound what they know.
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January 07, 2019, 11:22:02 PM
 #19

If you can explain to them the difference between scams and Bitcoin they won't say it's a scam. People think it's a scam because sometimes the news media can be misleading. There's no right or wrong here the price could still go down and not all people will invest right away after you explain how it works. I've told Bitcoin to several of my friends only one of them was interested he barely bought any Bitcoin and most of what he had came from mining.

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January 07, 2019, 11:27:39 PM
 #20

now the market value is dull and the price of bitcoin is also low and is at loss ...so iam asking that if i explain now about the bitcoin they may think as a scam...


this time the others also have coins and they want to explain their coins to you. to get you to "understand" "their coins". so dont have any hopes, because everyone wants to create money out of nothind and find hard working idiots for it. bitcoincultists arent unique, with their pow concept

this time the others also have

"cryptocurrency education" for you

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