How to explain Bitcoin to Newbies

[Dread Pirate Roberts]

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?

the most important thing in my opinion is to explain how the system of blockchain and mining is. in order to avoid misconceptions about how to get bitcoin. and more about the basics in bitcoin. such what is blockchain. mining . exchanges and maybe some historical moment in crypto.Actually, there are many videos on YouTube that explain with animations about bitcoin and what crypto really is . that are very easy to understand.

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[Hypnosis00]

They can't be given an understanding of theory, but we have to show that we've been successful here, teach them about blockchain technology, and the advantages of investing. They will be very quickly attracted by profits.

Actually everyone who devote out time to learn cryptocurrencies especially bitcoin, the major objectives of the person is to learn the rudiments of bitcoin via detecting the measure of it's profit. I think many people have rendered different points via learning bitcoin, we can learn basic knowledge of bitcoin from different dimensions, through bitcointalk community here, someone can acquire the knowledge, through online YouTube videos someone can aslo acquire the knowledge through there.

If that he likes to learn about crypto, he certainly makes diggings on the internet as this was the major source of information aside from bitcointalk forum. But I don't think if he could manage to handle the stress in this form of investment because of what he heard (easy money, effortless investment) this could affect his decision and that possible to discontinue especially when he suffers losses during his first try. I think OP, you should teach your friend not to believe in easy money, quick returns investment as this is far from the reality.

[samuraijin]

actually from this forum you can also get many lessons to teach beginners or you can also invite them to come to this forum, all beginners can ask anything in this forum to get answers from experts, usually the first thing that needs to be taught is how to prevent beginners so as not to be trapped by fraudulent investments and always prioritize research before doing anything

[famososMuertos]

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?
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There is nothing to add to answer how to explain someone bitcoin, it is well documented in the free access Internet, if you do not understand it, then read it until you understand it, it is not that difficult as a idea basic, I mean! nowadays we have to change that idea of "I have to teach bitcoin" or "I have to explain bitcoin "seriously!
We must start to create more ideas in the discussion, read and study the documentation on bitcoin brings a lot of questions, but the best thing in the process is to start dreaming up project ideas ... but please not ask for a link for newbies.

[BITCOIN4X]

OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

[Slow death]

OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

most people enter this cryptocurrency market to make money and for that reason almost everyone learns the basics of bitcoin and altcoin because they are in this market to make money, it is an investment they expect to make a profit when they buy bitcoin and altcoin, so in my opinion are rare cases where people simply asked about bitcoin without intending to invest in bitcoin

[DoublerHunter]

OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

most people enter this cryptocurrency market to make money and for that reason almost everyone learns the basics of bitcoin and altcoin because they are in this market to make money, it is an investment they expect to make a profit when they buy bitcoin and altcoin, so in my opinion are rare cases where people simply asked about bitcoin without intending to invest in bitcoin

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

[bitzizzix]

OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

most people enter this cryptocurrency market to make money and for that reason almost everyone learns the basics of bitcoin and altcoin because they are in this market to make money, it is an investment they expect to make a profit when they buy bitcoin and altcoin, so in my opinion are rare cases where people simply asked about bitcoin without intending to invest in bitcoin

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

Of course I would also recommend them to study first until they really understand and understand the risks well so that when they are involved they can be careful.
they are new, and don't tell them the benefits or good things about crypts because that will make them rush and as a result they accept losses and distrust cryptos.

[AhmadM]

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

That's the plan when there someone in our circle wants to know more about bitcoin from us who have been involved with it for years. However, the thing is we couldn't deny the fact that mostly they are want to start generating profits from it asap even we as a mentor don't allow to have such thought, in the worst scenario they might do something reckless later to achieve that.

[Ziskinberg]

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

That's the plan when there someone in our circle wants to know more about bitcoin from us who have been involved with it for years. However, the thing is we couldn't deny the fact that mostly they are want to start generating profits from it asap even we as a mentor don't allow to have such thought, in the worst scenario they might do something reckless later to achieve that.

And that kind of mindset brings them to losses and frustrations, and these people will turn you back asking why it happens? And why did they lose? And I don't have the courage to this kind of people, honestly.
I know and we feel that we need money but that it needs to learn first before stepping in as this obviously results in nothing. If they would love to know about crypto, that they need to undergo the process and stop thinking about instant coz this will drive them to lose their motivations and easily get tired.

[Hippocrypto]

actually from this forum you can also get many lessons to teach beginners or you can also invite them to come to this forum, all beginners can ask anything in this forum to get answers from experts, usually the first thing that needs to be taught is how to prevent beginners so as not to be trapped by fraudulent investments and always prioritize research before doing anything

Definitely, forum might help newbies understand more about Bitcoin but, I guess they needs also to know why bitcoin created and how it works and especially what strategies they must do to continue having bitcoin with them. It is very important also that they will know more about it especially the risk they might possibly face when they start in Bitcoin. Since Bitcoin is a digital currency that operates on a decentralised network so, it means that every Bitcoin transaction is recorded in a public log and users can remain anonymous in the network with encrypted keys. Transactions can be made with no middlemen – meaning there is no need to go through a bank. Forum might also help them understand more about Bitcoin because they can ask anything in this forum to get an answer to an expert or even an advice on how they will do it.

[rizqoAD]

To introduce Bitcoin to beginners, you should join this forum, beginners can join the bounty campaign on the forum and they will learn about Bitcoin by reading the forum, over time the beginners will know about Bitcoin little by little. Bitcoin is the main attraction for people who want to work part time, i.e. to generate additional income but if people focus on Bitcoin business I think they will leave their day job and switch completely in Bitcoin business.

[kotajikikox]

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

That's the plan when there someone in our circle wants to know more about bitcoin from us who have been involved with it for years. However, the thing is we couldn't deny the fact that mostly they are want to start generating profits from it asap even we as a mentor don't allow to have such thought, in the worst scenario they might do something reckless later to achieve that.

And that kind of mindset brings them to losses and frustrations, and these people will turn you back asking why it happens? And why did they lose? And I don't have the courage to this kind of people, honestly.
I know and we feel that we need money but that it needs to learn first before stepping in as this obviously results in nothing. If they would love to know about crypto, that they need to undergo the process and stop thinking about instant coz this will drive them to lose their motivations and easily get tired.

The Key word is "ASAP"  in which stupidity for a newbie , Imagine you are just entering a market that you don't ever Know and the Mindset is Earning easily and faster?  Why not advise them to Bet in LOttery so at least they knew that chance is once in a Billion opportunity .
I never tell people that this market can generate money ASAP but at leas I am telling them that there are small possibility but the majority is to wait and Hold.
Let us not Mislead people because in the end this will reflect on us as they will blame us from their losses and you are the Bad influence lol.

[Jame Atkinson]

In layman's terms, Bitcoin is a virtual currency that can be exchanged through online transactions, and is stored on a digital ledger. Once trading for pennies on the dollar, one unit now costs about $61,000. Most people with an interest in cryptocurrency are aware of Bitcoin, but they don't know how to trade Bitcoin to earn money. Here is a simplistic guide to learn about Bitcoin trading as a beginner:

https://trendsurferssignals.com/free-bitcoin-trading-strategy-for-beginners-tradingview/

[Kadal Ijo]

It is difficult to introduce bitcoin to newbies, the easiest thing is to invite him to collect bitcoin and then sell it to the market to exchange it for fiat, after he once got fiat from bitcoin then he will look for many sources about bitcoin, and the first I knew about bitcoin because of a friend who told me bitcoin for earning bitcoin then I earn bitcoin at various faucets and then I exchange it to the exchange as above.

[Peanutswar]

One of the ideal things is to keep them knowing what the bitcoin is, the fundamental, benefits and different kinds of earnings, still its better to keep them aware what are the legit things on the bitcoin-like trading, investments, faucet, airdrops, and prevent them with the scams, they are the one of the most vulnerable in the first time investment and we don't want to lose their money with just a single mistake. Want to be include with the crypto requires time and experience so don't need to hurry and keep the phase in learning.

[RiskySanchez]

it's simple to educate your friends by telling them the local market exchange in your country because there are many general knowledge FAQ about the crypto world including bitcoin. In the world of this digital era, there are many sources of knowledge in understanding something without the need to teach it directly, especially Bitcoin, which is already worldwide

[skarais]

If I were you then I would teach it just because I want bitcoin users to grow more. But the main requirement for teaching a beginner about bitcoin trading is never to hold yourself accountable for the gain and loss experienced due to price volatility. You may need to teach him the basic of trading and the risks involved and if your friend feels ready, continue learning. You are only responsible for teaching the basic of trading, and let him start learning a lot once he gains a lot of experience.

[MD DANISH]

FOR newbiew in bitcoin my suggestion is step by step in enter bitcon market and invest few amount in bitcoin

[finaleshot2016]

If I were you then I would teach it just because I want bitcoin users to grow more. But the main requirement for teaching a beginner about bitcoin trading is never to hold yourself accountable for the gain and loss experienced due to price volatility. You may need to teach him the basic of trading and the risks involved and if your friend feels ready, continue learning. You are only responsible for teaching the basic of trading, and let him start learning a lot once he gains a lot of experience.

To be honest, this is essential.

The majority of newcomers are in the crypto world to make quick money, and we all know that quick money comes with a lot of risk. If they don't want to lose their money on coins that don't have any use cases, often known as shitcoins, they need to learn the fundamentals of trading.