How to explain Bitcoin to Newbies

[mcdanielfinnley]

the best thing to say to him(cause he looks like he s only interested in the profit, not in the bitcoin itself) is "bro, you can lose 100% of you investment") cause he needs to be aware that if you invest you could lose everything, or make a great profit. If he s curious after this, explain him a little bit about teh blockchain and how to make sure NOT TO get scammed and he should be safe for starters

[1714751803]

1714751803

[1714751803]

1714751803

[1714751803]

1714751803

[1714751803]

1714751803

[1714751803]

1714751803

[Alisha FR]

Explaining the basics of how bitcoin makes a profit and can provide financial freedom of course. If the beginner already understands about this, the rest he has to read on the news and also watch youtube. On youtube also very much explains how bitcoin exists and has a very high value as it is today. Those beginners will surely expand their own knowledge if they already know the basics and already like trading with bitcoins.

[pealr12]

It is hard to explain btc to newbies, I have a colleague who am trying to introduce to crypto, although he has an interest to learn but it is hard for me to be explaining every little detail because he has no clue at all prior to our discussion,
He is the type to be considered as a fresher, so am taking a baby step with him discussing what is btc, what is an exchange, what is a wallet, and so on, it is not easy but we are taking it one step at a time.

[smartaction]

There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.

He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?

Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?

First let him know what is bitcoin and how it work?  Why bitcoin is must trusted and why we should invest in cryptocurrency as well. Then explain to him about the risk of investing in cryptocurrency. Then explain and teach him about holding. Raise his mind so that he understands that cryptocurrency = hold = profit. And Fucking Patience = Early sall = Fucking losses.  This will give a lot of pleasure to his cryptocurrency journey

[nicolerichardson]

Start with asking them about the fiat currency of your country and online transactions they do while shopping, etc. You better get an idea of what they know about online money transactions and whether they are ready to understand the concept of bitcoin. You can start with the basic definition of bitcoin and then, give them an article to read. Don’t give them any deep information that won’t be of any use to them but a complete waste of time for you. If they feel more interested in it, they will come up with their own questions.

[haasanjui]

First you have to tell them about Crypto Currency and its benifits and then you have to tell them Bitcoin's past. When were it launched and how it got Success what was the price of bitcoin in past and present. And tell them some good news about future of bitcoin they will understand it.

[LogitechMouse]

Many might disagree with me but its better if they will learn themselves.
Let them do the research, let them learn themselves. Let them experience the hard things with regards to Bitcoin. Let them learn to those mentors online.

I would want to help and explain Bitcoin to newbies but if they are really interested in learning it, they must be initiative to learn it and you will see if you see the eagerness with them. If they really are interested in learning it, whatever happens and whatever they need to do they will do it. I'm not saying that explaining Bitcoin to the newbies is wrong but I don't want to spoon-feed people with information. There are so many information that can be seen with just a couple of google searches.

[dataispower]

Explaining the basics of how bitcoin makes a profit and can provide financial freedom of course. If the beginner already understands about this, the rest he has to read on the news and also watch youtube. On youtube also very much explains how bitcoin exists and has a very high value as it is today. Those beginners will surely expand their own knowledge if they already know the basics and already like trading with bitcoins.

Understanding the Genesis of bitcoin is not hard as you stated, the lectures of cryptocurrencies can come through different ways, though YouTube as you said is among one of the keys that will elaborate well for impacting reasonable knowledge of bitcoin, through those online lectures. someone will learn perfectly without the aid of external and manual education and tutorial of bitcoin and understand it like someone who attend the class of bitcoin full academic session. This bitcoin have stages which who ever that interested to acquire the full comprehensive wisdom of cryptocurrency will follow with references of others who have learnt for long time, I Know the opinions of people is differs over the way we can grab the major concerns of bitcoin, but with the forum someone can be satisfied ànd feed with the informations necessary for bitcoin.

[lepbagong]

First you have to tell them about Crypto Currency and its benifits and then you have to tell them Bitcoin's past. When were it launched and how it got Success what was the price of bitcoin in past and present. And tell them some good news about future of bitcoin they will understand it.

what you said is that some of the most important things can be done to be able to introduce more about bitcoin, but it will be more interesting if we make it happen in the form of real and tangible benefits that we can give examples so that they can be more interested because sometimes if it is explained in theory it will always be constrained . but if in real form the benefits received when participating in bitcoin will obviously hit it faster.

[izsara]

First you have to tell them about Crypto Currency and its benifits and then you have to tell them Bitcoin's past. When were it launched and how it got Success what was the price of bitcoin in past and present. And tell them some good news about future of bitcoin they will understand it.

what you said is that some of the most important things can be done to be able to introduce more about bitcoin, but it will be more interesting if we make it happen in the form of real and tangible benefits that we can give examples so that they can be more interested because sometimes if it is explained in theory it will always be constrained . but if in real form the benefits received when participating in bitcoin will obviously hit it faster.

this is a good thing to do because really they just need to be explained with advantages and benefits first I guess.
other than that telling beginners with theory alone is actually not very effective, instead of them being able to understand they will be confused with most of the theory I think.
It needs real action shown so they can see and observe how bitcoin works

[dataispower]

Let newbies know that bitcoin is decentralized currency and it's what you handle without the involvements of your brother, secondly bitcoin can be easily take away from you with social platforms for investment that yields interest by the scammers, avoid the  double interest and double profit in bitcoin investment platforms because at times it leads to scam. Buy and hodl bitcoin for long time to get profit.

[Slow death]

Let newbies know that bitcoin is decentralized currency and it's what you handle without the involvements of your brother, secondly bitcoin can be easily take away from you with social platforms for investment that yields interest by the scammers, avoid the  double interest and double profit in bitcoin investment platforms because at times it leads to scam. Buy and hodl bitcoin for long time to get profit.

 

that way anyone will be scared and avoid using bitcoin although you're right. most people in the past when they heard about bitcoin they associated bitcoin with the crime of money laundering luckily nowadays this thought has disappeared and in many TV channels and major newspapers they speak highly of bitcoin, even people who were fanatical about gold now buy bitcoin, in a short time a lot of good things happened for bitcoin

[Luzin]

Many might disagree with me but its better if they will learn themselves.
Let them do the research, let them learn themselves. Let them experience the hard things with regards to Bitcoin. Let them learn to those mentors online.

First to know bitcoin is curiosity about the status of my friend on whatsapp. I started asking him questions and searching the internet several times. The second thing that interests me is that Bitcoin has value and can multiply it. Starting from here until now I continue to try to develop myself through trading.
Based on this, I agree with you a little. Curious new people will be more enthusiastic about finding their own learning, to introduce and understand it is very difficult. And I'm sure bitcoin is currently famous because its value continues to grow. Social media is a powerful way to introduce to others.

[Vaskiy]

Let newbies know that bitcoin is decentralized currency and it's what you handle without the involvements of your brother, secondly bitcoin can be easily take away from you with social platforms for investment that yields interest by the scammers, avoid the  double interest and double profit in bitcoin investment platforms because at times it leads to scam. Buy and hodl bitcoin for long time to get profit.

 

that way anyone will be scared and avoid using bitcoin although you're right. most people in the past when they heard about bitcoin they associated bitcoin with the crime of money laundering luckily nowadays this thought has disappeared and in many TV channels and major newspapers they speak highly of bitcoin, even people who were fanatical about gold now buy bitcoin, in a short time a lot of good things happened for bitcoin

This is the reality. Earlier it is possible to see bitcoin on the television when there is something negative about it. Things have changed over time, and these days it is common to see an advertisement associating bitcoin. This shows the transformation of bitcoin from a negative asset to something good. So, it is all about the acceptance that has created more space for growth. Newbies are now finding it easy to learn, as most of them enter through the trading practice.

[Lmaooo]

now simply quoting from the forum what is bitcoin and on what basis people want more bitcoin and how does it work ,it's already on the forum all of that! I will divert to this forum with a myriad of useful knowledge for him to reading ! I used to explain face to face many of them didn't believe it ! so right now I don't want to bother explaining with foaming mouths let them read what has been in this digital world's ,If there are further questions what they don't understand I can immediately put them into practice then they will understand faster ! it's better to read first

What forum do you mean, to be clearer because there are many bitcoin or crypto forums and this forum includes Bitcointalk, I think it would be better if a beginner knows and understands what bitcoin is and how it works first on the internet, after reading it on the internet because it will be easier to understand. and moreover when they read it they can read it in more detail and also thoroughly.
because there are many links that explain what we need in detail, and when they know the basics, suggest going to the forums to develop their knowledge for the better which I think that way will be more effective and that way they can understand what they read or discuss in the forum and not confused.

I made a statement on this forum ,it's clear I will redirect newbies to this forum for them to read and learn ! you're like a newbie who doesn't know the contents of this forum by referring to a search on the internet ! I'm self taught without a teacher and know bitcoin from 2012 but internet articles or the like have little content ,so I don't grow on the internet or some articles ,2016 I joined this forum and understand more with a lot of information, it's complete!
this is the most suitable reference for you Beginners & Help

interesting conversation, I believe a lot of literature available on the internet related to Bitcoin for Newbies. I agree and recommend beginners to learn more bitcoin and other Altcoin from this forum. because most of the information spread on the internet is dishonest, and lot of the information that is spread is not from the perpetrators of cryptocurrency users. in this forum I believe all users are active users who have broad insight in the crypto world, the good and bad sides of cryptocurrencies are thoroughly peeled off, this is what sets it apart.

I think the best platform to learn about bitcoin and cryptocurrency is Youtube nowadays. On YouTube, there are tonnes of good videos explaining what is bitcoin, how bitcoin works, and the new blockchain technology behind it. When I was starting out with bitcoin, Youtube helped me a lot, and even nowadays I still go to Youtube to search for my favorite altcoins videos.

[TelolettOm]

I am sure that your friend is  interested in Bitcoin because of the hype or even because of the very big news about the price of Bitcoin itself.
Yes, I also have some friends that are interested in crypto because of the pmp price of Bitcoin and Doge at that time. But at first, I only tell them about the basic of crypto and also Bitcoin especially. And they will also commonly ask about the regulation, just tell the regulation i your country and also globally.
then, you may also tell about the price that commonly will give you profits but also risks that will be faced someday.

[elimay94]

here is a beginners guide to investing and trading crypto, I used this when I decided to get into crypto trading really helped to show me the first stage and some of the other stages as well very worth the purchase to invest in your self.  https://www.digistore24.com/redir/325658/elimay94/

[Amejoaquim]

It always depends on what knowledge the person already has (computers/economics/mathematics etc).
For an unsuspecting "friend's girlfriend", it's probably the most difficult thing.
I'd go with: It's like cash! On the internet! Don't need bank account!
If they ask more specific questions, like how does it work, why are bitcoins valuable, etc, then you can go deeper.

[Dripstoil]

If you go technical, the newbie will miss the point, get frustrated, and lose interest. Keep it basic and try to be practical.

Don't start by explaining Bitcoin as an Investment vehicle, they'll miss the point and confuse it with HYIP. Let them see it as money first, before anything else.

1. Help him download and install Bitcoin wallet for experimental purpose. During the process, he'll be able to see what Master seed looks like. And teach him how to secure and use it in future.

2. Show him/her how to Send and Receive Bitcoin using the wallet address.

3. There are countless MLM and Pyramids programs out there disguising as Bitcon investments to trick newbies. Explain to them the differences.

4. Show them the white paper and encourage them to read through.

5. Use practical illustrations to them the blockchain technology. And the potential it holds.

It's really difficult to deal with newbies in this subject but time and patience will do the trick.

[Sebas.tian]

Here are some steps to explain bitcoin to newbies:
1- Show him bitcoin picture so that when he grow up in the community he can be able to differentiate bitcoin from fiat money.
2- Show him all the rules that guide bitcoin in the community by pointing out some users in the forum how they obeyed bitcoin rules to become professional in the community.
3- Show him those bitcoin users that loss their bitcoin to scammers in the community because they were not satisfied with what they have in the community. Short cut is not good for them in the areas of becoming a successful investors in the community.