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Author Topic: Why I like to learn and use bitcoin  (Read 2399 times)
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February 25, 2021, 08:16:02 AM
 #161

Bitcoin is easy to learn and understand, there's no rocket science behind it. Even a 10-year-old child can make wise speculation.
Digital currencies should be instructed in each school and college so students can find out more and procure it.
On the off chance that government endorse it, at that point it influences greatly in each economy particularly for students they can endure their own costs without irritating their folks
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February 28, 2021, 09:56:06 AM
 #162

I believe most people are here in this space  because of earning more income, that can not be possible without having proper of how things work and the greatest effect of not having enough knowledge about the market do often results in loss of both time and investment.what more with crypto and blockchain since it's more complicated to understand. In our generation, advancement is so rapid and they can't follow or cope up with it because during their generations it was not like that. So I also understand if it will be hard for them to understand cryptocurrency.
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February 28, 2021, 04:20:47 PM
 #163

The demand for Bitcoin from other cryptocurrencies is huge and many profitable currencies We can learn about Bitcoin by analyzing the market well. I hold onto Bitcoin investment because it helps you make double profit when the price goes up. I love learning and investing in bitcoin. The reason for choosing Bitcoin is because you can make more profits and Bitcoin is not under anyone's control.
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March 11, 2021, 03:06:21 AM
 #164


Bitcoin is used by more and more countries. Cryptocurrency plays an important role in this modern world. It also provides us with more valuable things.
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March 11, 2021, 04:01:08 AM
 #165

It's obvious to me that even the people who know it will continue to learn and understand the crypto world, it is not without obvious reason that it is the good way in the crypto world, because it is the promise of an internet-world world, which is the most amazing thing for us to be able to learn and then do The prices are fantastic we can do at home and are very helpful in this time of the pandemic, and let us know that bitcoin will always bring us the best in the world and the latest developments, and we should be wise in studying this crypto

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March 11, 2021, 08:35:01 AM
 #166

I'm just feel little perplex  on that situation, because why old people needs to understand the new form of transaction lije bitcoin transaction, paying their bills online using crypto currency, in fact they don't need it anymore, that what I think, because they don't need to earn a lot of money because being old they have what they need to live, and the person who need to know how bitcoin works is the people who need to support their family, the people with long journey in like, but yes its just my own opinion.

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March 11, 2021, 03:00:40 PM
 #167

It's really hard to explain to the older generation about new technologies that appear every day. The problem is that it’s easier for them not to know about new things and to continue living in their closed world. How can we talk about private keys if my mom still asks me what her email password? This topic is very difficult and it seems to me that it won't be solved soon. But I agree with the author of the post that we must help educate the older generation about the crypto world. Who if not us?
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March 11, 2021, 04:03:13 PM
 #168

I first got to know bitcoin from the internet by typing "earn money without capital", and yes it is true, from bitcoin I get a lot of money, knowledge, and also friends. Now that I'm learning about a nice new coin to invest in it turns out this is a lot of fun. Currently I've had 4 years in cryptocurrency and it helps me a lot in many ways. especially in economic terms.

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March 12, 2021, 09:57:01 AM
 #169

I'm not that much fan of continuous learning especially to secure funds and to make sure that I am transacting efficiently, but literally, we people mostly are contented from what we have especially the way how we transact using traditional methods such as transacting with fiats, and bank transfers. I have met allot of people and some of them are already old (60 above), and for them, there's no room for improvements in terms of transactions as even bank transfer is hard for them to execute that they need someone to support them while doing so.

Question arises if they are in situation like this, how can we teach them with new methods of transaction such as bitcoin or to somehow take them out of their comfort zone when in fact, their aren't really comfortable with it in a sense that they need assistance of younger generations. Perhaps, there's nothing wrong to still try and make them accept in bitcoin if we know how we can properly explain it to them. Or to use the concept of "Abstraction" which I learned from Object Oriented Programming.

The easiest way is to make sure you're not going right away into technical terms such as Encryptions, Hash Rates, Blockchain, etc. And to take it slowly by using smart analogy to correlate it while explaining because believe me, old people behaves unpredictably. Make it easy and start your conversation by offering a good meal, share some stories as you transition to tell him a new version of Gold (As I believe it can be a good example of physical bitcoin) which is virtual and anonymously created by someone up until now is not known.

Story goes explaining that they need an internet access in order to buy this virtual currency that they can use for e-commerce, or transacting with other people and it is like sending messages but instead of strings of characters, they can only send numbers in which are called Bitcoins. Another is that bitcoin is like Fungus.
Quote
“Fungi don’t have a central ‘brain,”
what is there is a decentralized networks that shares the same information, the same with fungus having a characteristics of
Quote
"resource management, reproduction, and defense strategy.”
Fungi are also undying as after the five mass extinction, they still remain on earth. That's how powerful bitcoin network is.

I'm sure there comes a portion of the conversation when they will ask how to secure their money will be or how to access it. This is when we will try to simplify things out by explaining public keys and private keys in a way that they usually know how it works such as comparing it with username and password on their facebook, twitter or Instagram accounts. Moreover, try to use analogy as your conversation goes deeper and deeper in a sense that they will understand each terms without you giving them bunch of knowledge in which they don't understand.

Of course everyone will not be interested if we are just sharing things like these without giving them something more valuable than what they normally use. Here we might want to state some features of bitcoin such as semi-anonymous transactions, peer to peer, low transaction fees for international payments, accessibility, and one of my favorite, an investment.

A dream of inviting our old citizens to bitcoin will not be possible if we ourselves lacks the fundamental knowledge about it, the best way to properly explain things is to first learn and use it. There's we can formulate various analogy to correlate terms and to lead them in the right path as they engage themselves with bitcoin. I believe that there's no boundary of ages for people to use it, that is why I like to learn and use bitcoin.

Learning and using bitcoin for me is amazing. It helped me a lot when things went wrong in my life, when I am down and no one can lend on, learning cryptocurrency played the greatest part in solving my financial problem. A lots of good opportunities came when I have learned about bitcoin and other coins especially when I joined airdrops a lot of earnings I have received. I am proud to be a crypto lover.
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July 05, 2021, 05:31:40 PM
 #170

Learning what Bitcoin entails, the transactions, mining and holding has been a  simple but long process for me. this process can only get better as the years go by. I for one believe we are yet to see the best of Bitcoin as it may evolve into something better and bigger in the nearest years.

Getting the elderlies involved would definitely seem tough at the initial but with time and an increasing interest in the community, they can get better.

Everyone especially Elderlies at first may have difficulties handling most new tech oriented products (it is just be expected). What happens after is that we learn. And make the most of it.

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July 06, 2021, 01:28:07 AM
 #171

Bitcoin is the forerunner of decentralization and digital currency. Over time, technology will continue to improve and Bitcoin applications will become more mature. Therefore, more and more people accept and use Bitcoin. Now many people buy bitcoin to make profits from it. To invest in bitcoin, you must first learn bitcoin-related knowledge ,understand the impact of bitcoin on us and analyze Bitcoin technology and market conditions. Only by continuous learning can you integrate blockchain technology and Bitcoin faster and make you rich.
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July 25, 2021, 01:15:33 PM
 #172

It is a once in a lifetime opportunity that you should never miss and you would regret it so much once you chose to ignore it. In my case, I chose to learn about it too late. The price of bitcoin grew a lot when I decided to dedicate my time on it. I saw it as the future although we cannot be certain about it yet hence we can be sure that it will have a place in the future. You will receive lots of benefits once you choose to focus on it. So if you had or you will get to know about it, do not let it slip in your hands anymore and invest what you can lose on it.
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July 25, 2021, 02:11:35 PM
 #173

I intend to get to know bitcoin because it's a profitable business, and over time I've also been able to get to know, and start knowing how it's used. Until now, I'm still here, and learning more about bitcoin, because this can still be an interesting concept for the future.

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July 25, 2021, 02:23:08 PM
 #174

Knowledge is the key to our success.  Bitcoin is the asset of the future because in the future technology will be more advanced, crypto will be more advanced.  There are already many crypto platforms used by big companies.  In the future crypto will be even more advanced.

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July 25, 2021, 08:16:41 PM
 #175

It is a once in a lifetime opportunity that you should never miss and you would regret it so much once you chose to ignore it. In my case, I chose to learn about it too late. The price of bitcoin grew a lot when I decided to dedicate my time on it. I saw it as the future although we cannot be certain about it yet hence we can be sure that it will have a place in the future. You will receive lots of benefits once you choose to focus on it. So if you had or you will get to know about it, do not let it slip in your hands anymore and invest what you can lose on it.

The least benefit you get out of it is that you get to learn about the inner workings and problems of the current monetary system. It is astounding how less people have a decent understanding about how money is created, controlled and supposed to function. It can't hurt to get an idea about that, it'll help throughout your whole life. Understanding inflation and monetary policy also helps you make wiser investment decisions.

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July 28, 2021, 10:44:19 AM
 #176

Knowledge is the key to our success.  Bitcoin is the asset of the future because in the future technology will be more advanced, crypto will be more advanced.  There are already many crypto platforms used by big companies.  In the future crypto will be even more advanced.
I think everyone on this forum must hope that bitcoin will never disappear, because we are used to bitcoin and we also support our families by investing in bitcoin, if we look at bitcoin's journey, bitcoin holders are increasing day by day, it can be say bitcoin has a chance to last long..
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July 29, 2021, 06:30:08 AM
 #177

The reason I like Bitcoin is that it can bring me considerable profits.
Some people say that he is a scam. I don't think so. Bitcoin is the first currency built on blockchain technology. Its biggest feature is decentralization, and the government and banks cannot touch one of our funds. Of course, this is by no means all of Bitcoin.

Now I set Bitcoin as an investment choice. Although its volatility is large, in the long run, its value is still growing
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July 29, 2021, 09:10:37 AM
 #178

Knowledge is the key to our success.  Bitcoin is the asset of the future because in the future technology will be more advanced, crypto will be more advanced.  There are already many crypto platforms used by big companies.  In the future crypto will be even more advanced.
I think everyone on this forum must hope that bitcoin will never disappear, because we are used to bitcoin and we also support our families by investing in bitcoin, if we look at bitcoin's journey, bitcoin holders are increasing day by day, it can be say bitcoin has a chance to last long..
in a need we cannot be separated from a belief that success will come..
the point is bitcoin has become a place for saviors to survive all this time..
everyone already knows but the chances of success will not know when it will happen if they just know and don't study it.

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July 29, 2021, 11:57:03 AM
 #179

Actually, I think this is the best time to spread the gospel.

Community quarantine is still happening in different parts of the world.
They cannot make their transactions outside and they will rely on the internet.
It would be best to first target the services.
Once they have the option to pay in bitcoin then maybe, even just for a little chance the people will use that option.

But think about it, if there is no option to pay thru bitcoin then what use can it be?
You say just an investment. But it was not made for that.
If they lose money they will just withdraw it which makes it look like a bank. Why not just pick bank instead? It will be easier.

You have to give them a better reason for bitcoin to be kept.

You have a valid point. The option of bitcoin in transactions must be included first in order to encourage people to use it. If bitcoin as a mode of payment is not even available, then I don't really see the sense as well on why they would be enticed to learn and use bitcoin in their lives. It would totally be nonsense to most of the people if you will introduce them something they cannot utilize. Certainly, they will just ignore you because they will think it's totally worthless and a waste of time.

On the other hand, since bitcoin adoption is now slowly happening, we can educate them little by little thru giving simple analogies, logic, comparison, and relation of bitcoin to other existing means of transaction. If bitcoin isn't available yet to their country as a mode of payment, we can educate other people the other sides and opportunities bitcoin has to offer.
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July 30, 2021, 07:39:36 PM
 #180

If it's based on need then I like BTC because it has a value that many people (not all) agree on. Like the official Fiat currency that is recognized as a means of payment, unfortunately Bitcoin has not been officially recognized. So there is an element of need to increase the amount of BTC I have. So I will continue to learn how I understand the market for this purpose.
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