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Author Topic: How to explain Bitcoin to Newbies  (Read 1352 times)
maju69
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December 22, 2021, 05:10:36 PM
 #201

~
It could be that or the opposite. I had heard the opposite from my friends when I first mentioned Bitcoin to them and they were like, "oh that sCaM cOIn in the dArK wEb". There are division of thoughts when it comes to cryptos and we can't blame them anyway since they're not too techy or was not aware or knowledgeable about it.
I never heard from someone in my social circle ever that Bitcoin is volatile investment and to this day, I am still waiting, lol.
Well I agree with your statement. Explaining bitcoin to beginners is difficult and easy, why? Because if you only explain theoretically, some people think it's just gibberish, like my experience. I prefer to practice directly, because in most people it is easier to understand what is practiced than to theorize. For me direct practice is more effective because they can feel the atmosphere.

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December 22, 2021, 10:56:28 PM
 #202

If just introducing it is difficult and easy to leave, it's better to make newbies think that with bitcoin investment our money can increase hundreds of percent in a year or even less, I'm sure in a simple way like that newbies are more interested than technical things about bitcoin.
when introducing bitcoin to newbies is easier for smart newbie to understand and very difficult for none smart newbie to understand too, lol, the word "it's better to make newbies think that with investment our money can increase" us let them know the process that with bitcoin investment also can sweep their investment money to zero if the investment did not project well, the understanding of bitcoin have two branches, the advantages and disadvantages, when the investment is on your side is called advantages and the investment is not by your side is called disadvantages
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December 22, 2021, 10:59:12 PM
 #203

If just introducing it is difficult and easy to leave, it's better to make newbies think that with bitcoin investment our money can increase hundreds of percent in a year or even less, I'm sure in a simple way like that newbies are more interested than technical things about bitcoin.
when introducing bitcoin to newbies is easier for smart newbie to understand and very difficult for none smart newbie to understand too, lol, the word "it's better to make newbies think that with investment our money can increase" us let them know the process that with bitcoin investment also can sweep their investment money to zero if the investment did not project well, the understanding of bitcoin have two branches, the advantages and disadvantages, when the investment is on your side is called advantages and the investment is not by your side is called disadvantages
Stick with the basics on which it could be easy to understand because this is something that they do really need to understand out without needing on explaining to them about being too techinical
because its normal that t hey would really be finding out to be hard to understand when you do tend to explain to them.
This might be hard but once they do take up some good grasp then they would easily able to understand it might be hard but it would really be needing up
some little push if you are really that serious on making them learn.

R


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December 23, 2021, 05:52:38 AM
 #204

First you need to introduce Cryptocurrency and its future plans then explain about Bitcoin that how much it worth in 2011 and how much it worth today then tell him about trading then he will understand all about Bitcoin.

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December 23, 2021, 06:05:13 PM
 #205

It's a marathon 🏃(  Btc holding 👫.)
Not a sprint. (speculation) 🙅

All Btc speculators goes to 0 against Btc holding. ( 🚀 10 x 100 x 1000 x 🚀 )

Many thanks for watching

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December 23, 2021, 08:15:37 PM
 #206

agree. my experience, easier when you teach someone about bitcoin, and tell about anything inside with the mone in the end. younger attract to fill their wallet than information, at first. as time go by, they forced to know what crypto is, the main function, and the other thing. this will be hard if you tell to older, they wont attract on money like younger, they just collect that information, than be the main hangout talks, or family time.

I think this time it will be much easier to explain bitcoin to a newbie like just a simple term as "great investment" because the information is now already spreading all over the internet. The technology today is more advance than we have a few years ago where we can only have a legitimate source of information about cryptocurrency here in the forum, now there's a lot of tutorials on YT, blogs, and TikTok videos explaining what is crypto or bitcoin so I think these newbies already have the glimpsed of the idea of what is bitcoin or crypto is.
With a widespread of information online, inviting or sharing information regarding to bitcoin is more easier now. You can give some hints and share good sites and social media venue to enhance the knowledge if the person you are sharing or explaining about bitcoin is really interested to learn more about this industry.

Open-minded people will find ways to adopt, while to those who are negative to this venue, you can't force them to believe.

It's more about what kind of people you are trying to bring to this business.. Roll Eyes Cool

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December 23, 2021, 10:09:13 PM
 #207

Newbies expect the ways Bitcoin can be earned here in this forum. So we have many ways of earning cyrpto currencies / Bitcoin here. Better to explain them the ways Bitcoin can be earned and how the wallets have to be maintained. Yes explain them about how the market fluctuates and how that has to be manages or handled when invested money. And yes besides this, give them links, sites where baisc information of Bitcoin will be present, so that they can read and understand what is Bitcoin.

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December 24, 2021, 03:41:11 AM
 #208

When a newbie think aboit Bitcoin, they will think this:
Wow the price is soooò exoensive, I can never buy even 1BTC
I several times heard about this.
And that is why we need to tell them simply about how much we can buy exactly, not must 1BTC.
And we tell them simply, what is Bitcoin, as the first crypto, there is no real form of BTC, the creation and others. Then about trading and investing in Bitcoin but still basically.
I never teach them about the deep information about Bitcoin, mining, blocks, and many details because newbies will not be interested in that.
Later, when they have been ready and know more about Bitcoin, we can yg tell them further information.
And never say that we can be rich from Bitcoin because newbies wil think very highly to be richer very soon and their expectation will be so high.

R


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December 24, 2021, 06:14:18 AM
 #209

If just introducing it is difficult and easy to leave, it's better to make newbies think that with bitcoin investment our money can increase hundreds of percent in a year or even less, I'm sure in a simple way like that newbies are more interested than technical things about bitcoin.

As per my experience, most newbies are interested in Bitcoin investment but when they know the price of bitcoin, they feel disappointed that they do not have this much money or they think that the Bitcoin price is way too high.
The first thing we should tell them that they can buy Bitcoin with 50$ or 100$ also. Secondly we should show them the historical data of Bitcoin which show that Bitcoin always increase in value.

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.DuelbitsSPORTS.
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blackened515
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December 24, 2021, 06:37:51 AM
 #210

Newbies expect the ways Bitcoin can be earned here in this forum. So we have many ways of earning cyrpto currencies / Bitcoin here. Better to explain them the ways Bitcoin can be earned and how the wallets have to be maintained. Yes explain them about how the market fluctuates and how that has to be manages or handled when invested money. And yes besides this, give them links, sites where baisc information of Bitcoin will be present, so that they can read and understand what is Bitcoin.
Also, tell them that Bitcoin can be bought in bit. Most of them usually thinks one can only buy 1 Btc. As a Newbie, you have to make enough research about Bitcoin yourself, not everything will be told. There are many Videos on YouTube, articles are also online that will explain better what Bitcoin is all about. Teach them how to be patience, and not to panic when they see the price of Bitcoin falls. Most importantly, tell them about the danger of exposing their private keys to someone. However, as time goes on, they will learn more about Bitcoin. 



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December 24, 2021, 08:33:14 AM
 #211

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?
Internet is more complete than Us who need to explain, why not just Give Him more links and videos so he will study on his own but of course with your Guidance so in case he has question then you will only need to teach Him something.
and also he won't blame you instead he made a mistake in investing because you are not the one who tell him where to invest lol.

Nowadays if there are someone who try asking me about what and how to deal with crypto? i send them Videos and  this forum for them to study deeply.









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Mars,           
here we come!
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ElonCoin.org.
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.
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happen or be a part of it"

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bitzizzix
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December 24, 2021, 10:06:01 AM
 #212

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?
Internet is more complete than Us who need to explain, why not just Give Him more links and videos so he will study on his own but of course with your Guidance so in case he has question then you will only need to teach Him something.
and also he won't blame you instead he made a mistake in investing because you are not the one who tell him where to invest lol.

Nowadays if there are someone who try asking me about what and how to deal with crypto? i send them Videos and  this forum for them to study deeply.
It's very common people will be interested when they know the benefits of bitcoin because what they need is proof that will interest them.
Yes, now there are many on the internet and any links needed about crypto and bitcoin from A to Z depending on what is needed and providing explanations according to existing knowledge can help beginners to find their own way without having to fully educate them because of the risk of failure they will blame you.
provides reliable links related to crypto risks and functionality and recommends logging in to this forum so that beginners can develop their knowledge well.

.
SPIN

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Natalim
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December 24, 2021, 11:38:06 AM
 #213

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?
Internet is more complete than Us who need to explain, why not just Give Him more links and videos so he will study on his own but of course with your Guidance so in case he has question then you will only need to teach Him something.
and also he won't blame you instead he made a mistake in investing because you are not the one who tell him where to invest lol.

Nowadays if there are someone who try asking me about what and how to deal with crypto? i send them Videos and  this forum for them to study deeply.
It's very common people will be interested when they know the benefits of bitcoin because what they need is proof that will interest them.
Yes, now there are many on the internet and any links needed about crypto and bitcoin from A to Z depending on what is needed and providing explanations according to existing knowledge can help beginners to find their own way without having to fully educate them because of the risk of failure they will blame you.
provides reliable links related to crypto risks and functionality and recommends logging in to this forum so that beginners can develop their knowledge well.
Information online is very helpful if one wants to learn, in fact, we can educate ourselves without a problem as long as we are resourceful enough to search for the necessary information to help us improve our knowledge. Explaining to a newbie should be easy, just go with the basic and let them do the rest, the more they dig deeper, the more information they'll know and that would help them more intelligent when it comes to investing.

BitcoinAccepted
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December 24, 2021, 12:25:55 PM
 #214

Information online is very helpful if one wants to learn, in fact, we can educate ourselves without a problem as long as we are resourceful enough to search for the necessary information to help us improve our knowledge. Explaining to a newbie should be easy, just go with the basic and let them do the rest, the more they dig deeper, the more information they'll know and that would help them more intelligent when it comes to investing.

I agree. The internet has enormous information about bitcoin and cryptocurrency in general. Also, many known personalities, brands and companies have been into cryptocurrency during these times that is why there has been more input regarding it. It’s just important to note that such information should still be filtered based on the legitimacy of the sources.

.
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Natalim
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December 24, 2021, 12:33:14 PM
 #215

Information online is very helpful if one wants to learn, in fact, we can educate ourselves without a problem as long as we are resourceful enough to search for the necessary information to help us improve our knowledge. Explaining to a newbie should be easy, just go with the basic and let them do the rest, the more they dig deeper, the more information they'll know and that would help them more intelligent when it comes to investing.

I agree. The internet has enormous information about bitcoin and cryptocurrency in general. Also, many known personalities, brands and companies have been into cryptocurrency during these times that is why there has been more input regarding it. It’s just important to note that such information should still be filtered based on the legitimacy of the sources.

They are lucky they have someone to guide them, if I would tech someone, I will let them explore and tell them just ask me if you have some doubts so I could refer you to the site where you can learn on a specific matter. it's not good to spoon feed them the information as they will be too reliant to you, and worst if if they blame you if they failed.

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December 24, 2021, 03:35:06 PM
 #216

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?
now it has been widely spread on the internet and on youtube explaining what bitcoin is, just type it in a search but the problem is whether they believe in bitcoin regardless of the wishful thinking of big profits?

Many beginners don't realize that bitcoin is a very volatile asset, if they can't hodl it then when the market is bearish they will sell their btc.

When beginners think of Bitcoin, the next moment they imagine of a huge profit if they invest in it so and thats how the media and friends around, have showcased as getting profits by investing some money into Bitcoin. But they tend to realize after they invest what is real and how the profit should be gained. Yes, they need to either learn by themselves or someone has to explain them about the volatile market and how it moves. Everyone might have gone through such situation when we pitched into this forum or when we invested into bitcoin.

I would simplify it very easy, I ask you how much you have saved in your bank? According to what they tell me, I take out the annual interest, which I am sure will never reach 20%, however I take it out, and then I tell them, well, your annual interest can do it in BTC in just 3 or 4 months, and if you have good luck you can see it at more than 24% and not annually, of course those who are traders get more than that, but it is good to let them know that this way of moving money is better than leaving it in a bank where large corporations earn with your few cents, I think that's the easiest way to explain it, through the numbers.

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touseefahmad1999
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December 24, 2021, 03:58:34 PM
 #217

Hi mate first you should guide about block chain and tell him about how Blockchain has works? Because without doing any knowledge he will just loose or nothing that is why he must awareness about scammer. Any online field alot of scammers to steal Money with innocent people. And tell him about how crypto work and about trading it will best for him

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December 24, 2021, 04:07:31 PM
 #218

Bitcoin is the first  cryptocurrency  and the best cryptocurrency in the market that rules other cryptocurrency.  Bitcoin is the most reliable  cryptocurrency and the most popular. This are the first thing a beginner won't don't have knowledge about cryptocurrency needs to know.

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December 24, 2021, 09:52:16 PM
 #219

Information online is very helpful if one wants to learn, in fact, we can educate ourselves without a problem as long as we are resourceful enough to search for the necessary information to help us improve our knowledge. Explaining to a newbie should be easy, just go with the basic and let them do the rest, the more they dig deeper, the more information they'll know and that would help them more intelligent when it comes to investing.

I agree. The internet has enormous information about bitcoin and cryptocurrency in general. Also, many known personalities, brands and companies have been into cryptocurrency during these times that is why there has been more input regarding it. It’s just important to note that such information should still be filtered based on the legitimacy of the sources.

They are lucky they have someone to guide them, if I would tech someone, I will let them explore and tell them just ask me if you have some doubts so I could refer you to the site where you can learn on a specific matter. it's not good to spoon feed them the information as they will be too reliant to you, and worst if if they blame you if they failed.

Yes you are a good teacher, beside you teach and explain all thing about bitcoin, i think guide are better than teach.
They should explore by themselves, because internet give a huge information about anything, and exploring in internet are fun

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December 24, 2021, 11:13:10 PM
 #220

For beginners, at first it will be difficult for themselves to understand what bitcoin is, and what it is eaten with Smiley To understand the process of work, it usually takes a lot of time.
It will take time if the person you're explaining and teaching bitcoin isn't really listening to you. I've got a few friends that I've discussed bitcoin only a few times.
And then, they did the rest of their own research and eventually, they kept asking questions which is a good sign and they've learned on their own. It really depends on the person's enthusiasm if they really are interested in bitcoin.

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