How to explain Bitcoin to Newbies

[NicNacCoin]

Bitcoin should be explained to newcomers in a way that they think is not very easy.There are some people who think Bitcoin is very easy. But everyone knows that it is not easy.Those who have not fought with Bitcoin to date but have stumbled many times.There are very few people who have succeeded with Bitcoin.

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[Mahanton]

Bitcoin should be explained to newcomers in a way that they think is not very easy.There are some people who think Bitcoin is very easy. But everyone knows that it is not easy.Those who have not fought with Bitcoin to date but have stumbled many times.There are very few people who have succeeded with Bitcoin.

First impression would really be like that on where lots do anticipate nor have that feeling that it might be hard thats why they dont tend to touch up this market and leave but eventually

if you are really that eager on learning something then you can.It is really just needing some catalyst on poking up someones interest because not all would really
be having the same impressions on first time encounter.

This is why you should start up with the very basics on explaining into them.

[spyderbilt]

There are several explanations that you can tell your friends.  including the bitcoin system, use, risk and management.  in this case you have to provide detailed knowledge so that your friends can understand and can easily learn bitcoin in the future.  You have a responsibility for your friend's understanding, so my advice is to explain wisely and correctly

[fileo]

I introduced Bitcoin like a gold in digital aspect which I think in short is about money investment in digital concept. Better investment than banks but too much risky if no correct understanding about Bitcoin investment. Slowly but surely my friend will clearly understand the situation and environment of digital gold "Bitcoin" investment.

[Issa56]

From your write up I believe the person heard about how other people are making money, he will also want to make money, first you should tell him bitcon is very profitable but he can also lose money, so that he won't endup buying bitcoin then maybe the price start dropping and he will start panicking and might even sell at lost and endup regretting or accusing you wrongly so you have to enlighten him about the volatility aspect of bitcoin. And bitcon is not what you will buy today and expect after few hours or 1 day and you expect your money to be double, because since he see that other people are making money he might think is really easy and fast investing in Cryptocurrency requires patience.
Secondly tell him the scam aspect of bitcon because I believe scammers are everywhere, and they are really after us but I believe they really hunts newbies that they believe they don't really know about bitcoin, because they can easy trick them so tell him about wallet security that's private key. I believe there are still lot's of things he should know about so that he won't be disappointed at the end.

[mamesso]

Your friend's interest in Bitcoin after the testimony he heard from someone, what he had in mind at that time was very easy to get money from bitcoin. Lol
When your friend think like that, very difficult to explain about bitcoin to him, especially as you say (He's still a newbie).

The first point you should do, explain WHAT BITCOIN IS and HOW BITCOIN WORKS to your friend. This point is very important and indispensable for newbie who are just learning bitcoin, because every minute the price of bitcoin can change, Bitcoin does not only offer profit, but it can also make a person poor overnight.

[MinoRaiola]

You can explain to him about:

1. First about scam and how to avoid
2. About decentralized exchanges and how kyc can lead to no privacy
3. About holding

Very good and very simple.
These 3 points are extremely important. I would start to explain what Bitcoin is and what revolution the Blockchain is. After a simple and short explanation, I would give some time for him/her to get into it. After that I would explain the safe ways „what exchange and what proof of purchase to keep“. Scams and liars - many examples (YouTube and Telegram not all true) and always activate the security of withdrawals on the exchanges.

And last the best way how to behave : Hodln!!!!

The first point you should do, explain WHAT BITCOIN IS and HOW BITCOIN WORKS to your friend.

Exactly.

[taufik123]

don't be too bothered explaining about bitcoin to beginners. There are many ways that can be done if they (beginners) want to know bitcoin. You can reference on wikipedia about bitcoin or share youtube videos that contain knowledge about bitcoin. In this digital era, it will be very easy to get new, very detailed information. it all depends on the personal wishes of each. All can be searched via google very easily.

[chanler]

there are many webs including forums this is also good one can learn about crypto for beginners. If indeed someone is so sure and interested in joining the world of bitcoin, of course they will also be interested in learning it and our job is to guide it. This forum can be recommended to read and if you want to starting invest then you can learn through the web, YouTube or Telegram groups. there is a lot that can be learned to better understand the crypto world. but we must also tell the risks in investing bitcoin if we are not careful so that he is more vigilant.

[bhooscream]

Based on my own experience, we must be careful when explaining Bitcoin to newbies. Because most of them will commonly have these thoughts:
1. Bitcoin can make rich very soon
2. Bitcoin is illegal
3. Bitcoin is related to criminals
4. Bitcoin is haram
 Points 2-4 may be influenced by media or some influencers. And we must be careful enough to explain about these situations, And we can clearly tell about the criminals done using Bitcoin, it may be happening, but mostly most criminals are not from Bitcoiners, but from fiat so far.
About the illegal, if your country has been legal it will not matter. But if it is illegal, better you don't say anything about Bitcoin to that person.
And about Bitcoin is haram, well, this is related to religion. You can search for another source that also states it is not haram because of some reason. there is also some different point of view about this.

And about the number 1, this is what commonly really happens. Because they think people that invest in Bitcoin can take profits very high easily. This may happen, but not always happen because Bitcoin is also risky and we can get profits if we know exactly about Bitcoin itself, the market condition at the current time, and also about not following hypes.

[andriarto]

I think the first thing we can explain is the risks and rewards of bitcoin. because most of them are certainly oriented to big profits in a short time. so that they are not disappointed, then for me that is the main thing to apply. after they understand of course we can start learning about the others

[litepool.ru]

Most of my friends and acquaintances are people who have heard of bitcoin, but when I ask and talk to them, they don't know much, just know it is very valuable.

And when they became more interested and came to me for more knowledge. I have an easy way for them because I can see that their purpose is to make a profit, and they don't care much about what's going on. So the way I help them is simply instructed them to create the necessary accounts to be able to buy bitcoins and then teach them how to protect it. Not everyone who participates in this market researches it too much, if it's just profit, it's better to help them understand in the simplest way, sometimes I don't explain why it's growing for them, and they don't either unnecessary

[rodskee]

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.

same scenario in me . since bitcoin reached 60k there are plenty of friends and family that
contact me asking about bitcoin when i have been encouraging them tears back but denied me lol.

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

give this forum address , and section like economics and trading .

but dont give them gambling section lol.

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?

nope . you have been here but asking this? are you that friend you are referring ?

[MIner1448]

In general, I would not advise all beginners to start with bitcoin, because many people hear about bitcoin and all newbies think that they will get rich at the expense of it, because everyone succeeded and we will succeed, but only these newcomers on the exchange turn into hamsters, buy for the whole cutlet, bitcoin and it falls sharply down, they immediately fix the loss in a panic, or they all merge into a deep minus and this is only good for the whales.

[Jame Atkinson]

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[Wawa2013]

Newcomers need to pay close attention to discussing bitcoin. A newcomer knows nothing about bitcoin. If he misunderstands this, he will suffer a great loss. I think who inform him to learn about bitcoin he needs to share the negative sites first and then the positive. Should be remember that of course newcomers should not be encouraged to invest in this platform.

Newbies who do not have knowledge of Bitcoin, should not be in a hurry to invest in Bitcoin. Because if a newbie does not understand how Bitcoin
works, of course it will suffer losses if forced to invest. As I've said many times, never invest in something we don't understand. So for newbies learn
all things about Bitcoin first, including the advantages and disadvantages of Bitcoin, this way, newbie will have a better understanding of the decisions
they have to make. How to explain to newbies is not easy, they have to start from basic knowledge first. If we are lazy to explain to newbies,
we simply show this forum for newbies to read various topics about crypto. Because I think this forum is complete enough for newbies to get
the information they really need to know before deciding to invest in Bitcoin.

[lvsca]

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.

[catur123]

Maybe this can help you explain to your friends about bitcoin to understand more about bitcoin itself.
https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj
https://www.lopp.net/
https://cryptodetail.com/
https://github.com/bitcoinbook/bitcoinbook

You can also tell your friends to read on the bitcointalk forum:
https://bitcointalk.org/index.php?board=1.0

Hopefully what I give can help you to explain about bitcoin to your friends.

[TheUltraElite]

I think the first thing we can explain is the risks and rewards of bitcoin. because most of them are certainly oriented to big profits in a short time. so that they are not disappointed, then for me that is the main thing to apply. after they understand of course we can start learning about the others

Yeah the disappointment that happens when I reveal to them that others have been lying to them about bitcoin being a "get-rich-quick" scheme almost makes them leave the thoughts away forever and they are no longer interested in it. I agree that making money is a point but those who have been fooled to believe that bitcoin is such will be making the same mistake again and since the number of scammers in this sector are at significant, they need to be taught carefully.

I hope OP's friend has been informed and explained already, I suspected it to be a similar case. Remember that there is no easy way to make money - the people who bought bitcoin at three or lower digits had to make a tough choice at their time too and so are people doing today hoping to see it rise and be able to profit. This was the risk they took and it gave them a reward. That takes time and effort and some difficult mental decisions.

[GeorgeJohn]

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.