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Author Topic: is this the right time to explain about bitcoin to others..?  (Read 22793 times)
Destico
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January 22, 2019, 11:29:23 AM
 #161

Yes, it's the right time, here in my country; it was really hard for some people to accept bitcoin as currency when it was newly introduced, because of their different opinion, many are not interested because it is not paper note their are used to, while some sets of people believed ,it's only made for those that do trade with foreign companies, but as time goes on, few started to give it a try,

Despite the popularity of bitcoin in the developed countries, there are still some country and individuals who are still left behind, and I believed it is the right time to let them know more about bitcoin.
kr105
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January 22, 2019, 08:09:32 PM
 #162

Well, you got a point here but on the other hand if they understand the basic things about cryptocurrency or bitcoin, they might also take it as an advantage cuz prices are very low nowadays. I believe that every moment is a right time to explain bitcoin to others. In the end its their own decision to believe in crypto or not..
electron-coin
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January 23, 2019, 04:48:36 PM
 #163

If you correctly explain about Bitcoin, then hardly anyone would consider it a scam. First of all, in my experience, it is difficult for people to understand how something intangible ("what??! digital money??! wtf??!") can bring real money. That is what needs to be properly explained.
Next, acquaint with the history of the creation of Bitcoin and tell about the reasons for its appearance, about what problems it can solve. It is necessary to show how much people benefit from the fact that they pay something in Bitcoins, rather than using traditional bank transfers.
And only after the person realizes all this and understands, it makes sense to talk about the cost of Bitcoin and that its price can vary greatly. I think if you, as a person who wants to tell people around him about Bitcoin, really believe in Bitcoin and in his future, then you will find the right words to convey your faith to the people to whom you are telling about it. Good luck!

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SnapDown22
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January 23, 2019, 05:32:04 PM
 #164

it is very difficult to explain bitcoin to other people or lay people who do not know bitcoin because in my country bitcoin has not been fully recognized by the government as the applicable currency so it is very difficult to explain
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January 23, 2019, 05:54:54 PM
 #165

Anytime is the right time to explain it to other people. but be sure to explain the real thing and not just bitcoin but cryptocurrency together with the blockchain.
How it will work and gain, if you will explain bitcoin alone it will not be good.
Pasaway2701
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January 23, 2019, 10:18:14 PM
 #166

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...
Bitcoin is volatile so there is nothing to worry about the price is down because it is not always in that situation. There is no reason not to share information about bitcoin on others. You are the one who is the evident of bitcoin not a scam because you are benefitted from it and earn from it. Explain how it really works and how they could gain from it.

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January 23, 2019, 11:19:21 PM
 #167

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...
Bitcoin is volatile so there is nothing to worry about the price is down because it is not always in that situation. There is no reason not to share information about bitcoin on others. You are the one who is the evident of bitcoin not a scam because you are benefitted from it and earn from it. Explain how it really works and how they could gain from it.
Right.It does not matter whether the price is high or low because the price will change constantly.I think everyday is the right time to explain bitcoin to others and discuss them the real essence of bitcoin,how it works and how it is so beneficial to us.If they will feel interested on it,then they should be aware of its high volatility.

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Marbelli
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January 23, 2019, 11:29:14 PM
 #168

I think that other people always need to talk about bitcoins and constantly involve them in all this

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banditc
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January 23, 2019, 11:49:04 PM
 #169

its always the right time to introduce new people to the crypto universe
shesheboy
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January 24, 2019, 12:18:04 AM
 #170

Yes this is the right time to explain bitcoin or any other cryptos is when their price is in all time lows because they can be easily believable that they are real/legit currency because i noticed that when bitcoin is in its ath's , many people keeps on complaning about its high price which they think it was scam  . this time is also beneficial to them because they can be able to buy btc in a dirt cheap price
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January 24, 2019, 02:05:33 AM
 #171

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.
the explanation about bitcoin can be very fast when using social media, this will have a chain effect but if the environment around maybe an explanation through a proof of success is enough to explain everything, about when we do it then all the time we use bitcoin for each transaction we represent everything, because bitcoin is a currency that will be very useful for future trade.

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January 24, 2019, 07:54:46 AM
 #172

If you explain to people correctly, then no one will think that this is a scam. When people ask me, I usually say that Bitcoin is now at its minimum, growth will definitely be, but a little later, because after the fall, there is always a price increase. If you invest now, then most likely there will be a profit a little later.
Usually people agree with me, or simply can’t bring counter-arguments.
cryptjh
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January 24, 2019, 09:20:19 AM
 #173

If you only look at the price to see if Bitcoin are a scam, then Bitcoin will most likely be a ponsi scam, where early adopters are selling to clueless newbie’s. But if you look at Bitcoin as a decentralizes currency, with peer to peer interaction, with a fix amount of coins where the inflations are already known,  and double spending are not possible, then Bitcoins becomes interesting.
KnightElite
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January 24, 2019, 11:43:56 AM
 #174

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 is my 4th year in the cryptocurrency market, there are now many people who entered to the market because I help them to know what is the purpose and function of cryptocurrencies. I always spreading my knowledge to other people about the whole blockchain for them to become aware to the new technology.
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January 24, 2019, 02:22:24 PM
 #175

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.

I think Depending on the person the time will vary because majority of people tends to make assumptions by looking at others or according to the trend but some make radical decisions by learning and researching thoroughly so if you spread the word about bitcoin certain percentage might understand and invest but others will deny at once by looking and considering about news from media and governments and that is why it always depends on the person than the time

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January 24, 2019, 02:28:17 PM
 #176

If you only look at the price to see if Bitcoin are a scam, then Bitcoin will most likely be a ponsi scam, where early adopters are selling to clueless newbie’s. But if you look at Bitcoin as a decentralizes currency, with peer to peer interaction, with a fix amount of coins where the inflations are already known,  and double spending are not possible, then Bitcoins becomes interesting.
Knowing the deeper understanding of such investment will bring you a much interesting position, if you already gained that then sharing it with someone you really knows are good to do, knowing that you are giving them opportunities to also explore things that you already learned will bring them interest
don't hesitate as long as you have better understanding, sharing is caring if they will  look in the positive side of this industry.

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January 24, 2019, 03:20:44 PM
 #177

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...

If you have knowledge about trading, you will probably do what you want, to tell your closest friends or people that bitcoin has a very good future for everyone, because Bitcoin still has a price of 3645 dollars, if you compare prices in 2013 / 14 was very low last year, if you can be patient for the next few years, chances are you will see the biggest price of bitcoin in the coming year ...

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January 25, 2019, 03:00:35 AM
 #178

Yes this is the right time to explain bitcoin or any other cryptos is when their price is in all time lows because they can be easily believable that they are real/legit currency because i noticed that when bitcoin is in its ath's , many people keeps on complaning about its high price which they think it was scam  . this time is also beneficial to them because they can be able to buy btc in a dirt cheap price
The right time to explain bitcoin is that this is digital money, because there are many wrong perceptions about bitcoin where many think this is a scam.
The very high price of bitcoin in 2017 makes people interested, but also many are afraid that this is just ponzi.
Now it must be explained in real terms that bitcoin is real where it can be used for investment and trading.

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January 25, 2019, 04:10:17 AM
 #179

Actually, whenever and wherever we can explain about bitcoin to people who want an explanation about it, because bitcoin is already widely known to people and we can also read or see through the internet. Those who want to know or understand about bitcoin will certainly not think that bitcoin is a scam if we explain it well from the beginning of the existence of bitcoin until now, because this is the right time for those who want to invest in bitcoin because the price is down.
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January 25, 2019, 08:02:09 AM
 #180

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.

By the way, how do you explain Bitcoin to a 60 years old grandfather? any idea.
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