Introduce Bitcoin in one sentence

[Jazmin Leslie]

Bitcoin is a lifelong business worth investing, learning, exploring, and disseminating.It is not just a peer-to-peer electronic cash payment system, it may change the world's financial landscape.

[1714781932]

1714781932

[suzanne5223]

The income in the past two years is not as much as that of a friend of mine. He is a believer and holder of Bitcoin. I decided to change from a speculator to a firm believer.

You can both (holder and also a trader) but also need to know how to manage your portfolio. About speculators/traders, I personally don't like spending much time trading.

So come to this forum -- this is the gathering place of Bitcoin believers.

Yes, this is forum the gathering place of Bitcoin belief with the addition of Blockchain and other crypto-related innovation.

In the past two years, I have met many people who don't understand Bitcoin and asked me what it is.

The government's negative stance towards Bitcoin is the major reason why a lot of people are still unaware of Bitcoin.

They asked me to introduce Bitcoin in one sentence or give him a reason to buy it.
[snip]
If it were you, which sentence would you use to introduce Bitcoin?

Bitcoin is internet gold, the innovative currency, and payment system.

[Welsh]

I prefer to try, and hook people into the idea that Bitcoin could potentially change their life rather than explaining Bitcoin on the spot. Bitcoin, isn't something that you could explain to a person new to the concept within a few sentences. Just look at the responses here, and see for yourself; If you are new, and want to learn about Bitcoin, you have to avoid jargon. However, that's not an easy task. Unfortunately, Bitcoin is quite technical, and there is no other words for certain concepts. For example, when you try to explain mining to someone, and they ask, but how does difficulty work, your probably going to mention the fact that Bitcoin uses Proof Of Work, and then you have to explain that. Its impossible to explain within a sentence.

Instead, tell them something along the lines of this; Bitcoin will not only change your life, but change the entire worlds. Are you willing to put in the time to learn about it to get ahead of the curve?

[GeorgeJohn]

Bitcoin is a decentralized currency which is totally secured in terms of security purpose and management, so investing on it will be at advantage because of it's multiplication or domination via accelerations in price, so bitcoin is digital currency as i said initial and no one can control it, so it will be good to adventure into it and also bring more person's into it's network.

[Kaylana]

The market is full of discussions about the development of Bitcoin and blockchain technology, both good and bad. Proponents say that blockchain technology is Internet 2.0, and compare it to the Internet 20 years ago. They believe that blockchain, like the Internet in those days, will in the future give birth to capable and capable companies such as Google, Facebook, Amazon, Apple, and Netflix. An epoch-making company whose magic power has rewritten the global economy, culture, civilization and even daily habits; opponents regard it as a fantasy, a scam of the century, a gospel of criminals, and even a regression in currency, trade, and even economic development.

The following are excerpts from some world-class celebrities about Bitcoin and blockchain technology:
1.Warren Buffett: Stay away from it (Bitcoin), this is a mirage. I’m basically certain that most cryptocurrencies have terrible endings in the end.

2.Bill Gates: Bitcoin is a high achievement in the development of science and technology.

3.The famous American TV host Stephen Colbert Stephen Colbert: This is the gold of fools.

4.Google CEO Eric Schmidt (Eric Schmidt): Bitcoin is an outstanding achievement in cryptography. This thing that cannot be copied in the electronic world is an invention of great significance and value.

5.Computer security software leader McAfee founder John Mcafee (John Mcafee): You can't stop things like Bitcoin. It is everywhere, the world will change because of it, and global governments will also change because of it.

6.Galaxy Digital Assets hedge fund manager Mike Novogratz (Mike Novogratz): I invest 10% of my assets in this area.

7.Jeffrey Gundlach, CEO and Chief Investment Advisor of DoubleLine Capital: Maybe I am too old, and I decided not to participate in this craze.

What's interesting is that the above extremely divergent opinions come from business leaders who are not so good in all aspects of education, business experience, status, and international perspective.

[Tim-BTC]

Neither.

Bitcoin is the king，

Assuming they have no idea about the cryptocurrency space in general, Bitcoin being "king" is meaningless.

         Bitcoin is electronically protected or encrypted，

Not everyone knows what "encrypted" is.

         Bitcoin may be a currency of the future.

Not super bad, but not a fan. Probably good enough if you can explain to them why.

        With bitcoin, you have the future.

Sounds scammy.

       If you don't buy it now, it will be the most regretful thing in 10 years.

Sounds scammy.

Maybe focus on explaining the things that Bitcoin fixes instead, rather than specifically pitching an investment like a salesman.

I feel the same as you. Slogan-style introduction of Bitcoin makes people doubt the reliability of Bitcoin.
Introduce it from the technical aspect, it will be more clear.like FatFork

I like the one by Steven Dryall:
"Bitcoin is digital money that is tamperproof and openly traded."

Like Steven said, the three points are very precise, accurate and create immediate understanding of the entire concept. Any subsequent questions will lead to further exploration personalized to the listener's information needs.

[Poker A-k]

Bitcoin is a set of books that people can trust unconditionally, and can be the owner of their own funds. There is no borders, no politics, no religion and ethnicity, and no discrimination.

[Coin_trader]

I preferred saying them 4 letters instead of a single sentence, The word is "DYOR" then I typically send him a wikipedia link about Bitcoin. Some people is just being hype and FOMO that's why I'm so tired explaining them too much technicality. If they are really interested, They will DYOR it themselves and just ask you some question for the things they don't understand such as crypto terms and functions. You should stop wasting your time for newbie that don't even interested on Bitcoin feartures and just want to enter because of hype. 99/99% of them will just leave or whine when they lose money because of noob trading and bullshit high leverage trading.

[Levero]

Bitcoin is a decentralized world currency. It has no central issuing agency and no national borders. There is no need to go through any financial institution transfer transaction, and it can circulate freely all over the world.
Bitcoin has the characteristics of anonymity. Users can use Bitcoin as they wish without worrying about leaking personal information to truly protect the security of personal assets.

[Lily Garver]

A string of codes that can change the world's currency has attracted nearly tens of millions of people and investment institutions around the world to become believers in Bitcoin.
Get to know Bitcoin right away, otherwise you may be a little sad someday in the future.

[FatFork]

A string of codes that can change the world's currency has attracted nearly tens of millions of people and investment institutions around the world to become believers in Bitcoin.
Get to know Bitcoin right away, otherwise you may be a little sad someday in the future.

For someone who's not even familiar with Bitcoin, this explanation can come off as sales pitch, giving the wrong impression that you are trying to sell something.
In my opinion, this approach is wrong. Bitcoin is not a pyramid scheme or an MLM.

[pawanjain]

I have listed a few one line sentences for bitcoin. If someone would ask me, I would say any of the below.

For technical people:

Bitcoin is decentralized peer to peer payment method.


For non-technical people:

Bitcoin is freedom.

Bitcoin is being your own bank.

Bitcoin is decentralized trust.

Bitcoin is better than gold.

Bitcoin is revolution.

[Ozymon]

I would like to give it a brief explanation of it relationship with blockchain nowadays.


"Bitcoin is the pioneer who started the blockchain system that we know today".

[aoluain]

Neither.

Bitcoin is the king，

Assuming they have no idea about the cryptocurrency space in general, Bitcoin being "king" is meaningless.

         Bitcoin is electronically protected or encrypted，

Not everyone knows what "encrypted" is.

         Bitcoin may be a currency of the future.

Not super bad, but not a fan. Probably good enough if you can explain to them why.

        With bitcoin, you have the future.

Sounds scammy.

       If you don't buy it now, it will be the most regretful thing in 10 years.

Sounds scammy.

Maybe focus on explaining the things that Bitcoin fixes instead, rather than specifically pitching an investment like a salesman.

mk4 has highlighted something here, we try to explain Bitcoin to people we think
will understand our language, the terms and phrases, the chances are they cannot
comprehend the message.

What about:

"Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global,
affordable, simple, & secure savings account to billions of people that don’t have the option or desire
to run their own hedge fund.

Its so out there I think its designed to trick people into trying to find out more
about this thing called Bitcoin.

[CryptoHeadlineNews]

Yeah.. just as you have said that it is a currency of the future. I guess it will look a slight interesting if you could say, Bitcoin is a digital currency of the future, which no government have any right over it. (I.e to influence it's price or any other)

[sapnu]

Bitcoin is too complex to be introduced by just one sentence. It works differently when defining it to an individual wherein you will need to take consideration on that certain person's current knowledge about bitcoin. May it be that they already know about it or they are completely ignorant when it comes to bitcoin. Nevertheless, if I would be given a chance to define it to a person, I will describe it to them to the point that they will get curious and crave for more data about it. I would say to them that: Bitcoin is the future and if you don't want to regret soon, start investing on it now.

[Rainbow-queen]

 I can't help but say this，

Say what? You haven't actually said anything other than sharing a link to a very old thread.

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Didn't you see this sentence? What a classic sentence.
Don't you know this?

[Peanutswar]

It depends who you are talking with if you are stating the bitcoin to the newbies curious about bitcoin and want to join with I will give this statement. Bitcoin is a volatile coin that can give you a profit and loss depends on how you manage. But if I'm talking about a person who knows bitcoin and just want to know my side of what it is this is my statement. Bitcoin is a decentralized coin which all of the transactions are stored in a secured block with connected into the other blocks and called as blockchain this coin is one of the most known and profitable coins where you can invest to consider it you need to know the different market graph and technical indicators.

[Melody kdl]

Anyone of insight needs to understand Bitcoin, because it may be the most important step in the development of world civilization.—Leon Luow

[Ridi]

Bitcoin is a digital and global money system where people can send or receive money across the internet without needing the third party even to someone they don't know or don't trust. Bitcoin is not controlled by any government.