How to explain Bitcoin to Newbies

[nurilham]

first make sure to your friend whether he really wants to get into the world of crypto or just an interest because we have to be ready to accept all the risks that are here. The first thing I will do is provide an understanding of the risks and benefits that can be obtained, it can be started with a relaxed conversation so that he can be more accepting clearly. we must also give an understanding that the crypto market can fluctuate at any time so we must be more vigilant and careful. If you really want to start investing, then start investing with small capital first and invest in coins that are really good and reliable.

[wemakereview]

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?

I don't want to introduce an article or blog post. But the important thing is, everybody should do research himself. You can just help him with how to do it. No pressure!

[ropyu1978]

My personal experience is getting to know bitcoin, because of the help of a friend who has always faithfully guided me, and always taught me to know bitcoin, he taught me about using bitcoin, he taught me about scams, how to store bitcoin, and how to sell to avoid scams..

[ChiBitCTy]

Honestly there is nothing more annoying to me than people coming to me about bitcoin who are simply wanting to learn about it for "making profits" kind of like your friend here.  When I first got in to bitcoin, back in 2014 or so, it was honestly all about the technology.  In fact I studied bitcoin for about a year before ever buying.  So how to explain bitcoin to noobs?...make them learn the underlying technology.   

[riskarcher]

What I recommend for teaching newbies is:

1. Avoid coins that do not have good fundamentals because it will reduce the risk of loss, so bitcoin is one of the best choices
2. Providing information on the world of bitcoin crypto investment with technical analysts
3. HODL Bitcoin education for short and long term with profit earned

I think these 3 points are the right way to make newbies understand crypto algorithms. Just simple like that

[LyJones]

Don't just look at the advantages of Bitcoin. Nothing is perfect. You can simply tell it about the shortcomings of Bitcoin, because Bitcoin is equivalent to money, you have to tell it the consequences of investment, no investment is always profitable. Don't let your friend invest just because you tell your friend that investing in Bitcoin can make a profit. When he loses money, he will be angry with you for this reason.

[karanggatak]

the fact is, money make people feeling thirsty, and who refuses to be rich? just to the point what he look for, when try to find money, just explain slowly how to deal with it and dont forget to avoid dangerous thing like scam and the other.
and dont forget to warn, if you too lustful, it will bring to loss

[goldkingcoiner]

This is as simple as I can make it:

Bitcoin: think of a wallet, that everyone has in their pocket. In this wallet they have their money and a piece of paper, in which written down is a list of wallets and how much money is in each of those wallets. Everytime someone trades their money for something, everyone takes their list and notes this trade and writes it down. Now everyone know your wallet has less money because you bought something. In fact, they know exactly how much money is left in your wallet. So you can't lie about how much money you have.

However, updating your list is a lot of work so we have people, who do this for you. In return for communicating this information to everyone about who traded with who and how much, they recieve a tiny portion from the trade, as compensation.

This method of communication is called the "blockchain". And the money is called "Bitcoin".

Bitcoin can be created by solving a lot of mathematical problems, which get harder and take longer to solve, the more Bitcoin are mined. Since math can be proven to be right or wrong, we can know whether or not someone put in real work to find real solutions.

There can only be a certain maximum amount of Bitcoins ever created, but Bitcoin can be broken into smaller pieces. The value of each piece depends on how many people want to own these pieces.

[OrangeII]

Honestly there is nothing more annoying to me than people coming to me about bitcoin who are simply wanting to learn about it for "making profits" kind of like your friend here.  When I first got in to bitcoin, back in 2014 or so, it was honestly all about the technology.  In fact I studied bitcoin for about a year before ever buying.  So how to explain bitcoin to noobs?...make them learn the underlying technology.   

LOL, right. I also found many people like that. just heard about bitcoin, or crypto, then thought that it was a fast track to make money with little risk. however, a lot of people are attracted by it, and when they get into the crypto world, they will be disappointed that making money is not that easy.

well, i also agree that the best way for them to know about bitcoin, about this technology is to learn, practice, read, watch youtube, and others. Currently there are many explanations about bitcoin on the internet. if he was really interested, then he would look for the information little by little.

[kotajikikox]

the fact is, money make people feeling thirsty, and who refuses to be rich? just to the point what he look for, when try to find money, just explain slowly how to deal with it and dont forget to avoid dangerous thing like scam and the other.
and dont forget to warn, if you too lustful, it will bring to loss

let them learn , we need nothing to explain because it will be more difficult for them to understand .
the internet is more than enough for newbies to learn.
give them links and just follow up with their questions.

[luar123]

To start in this crypto, how much money do you need to start?  https://tudinerillo.com

[bosede1]

I am sure if your friend join the forum and only try searching on the bitcoin discussion he is going to get the best feeds from their which he can't even exhaust. Or he might even type in a question form anything he wishes to know and I am sure her will definitely get enough answers for every question

[leea-1334]

Most of them are only interested because the price goes up high and viral news about bitcoin. his interest is also not necessarily true to learn this technology . they just want to know how to be rich. whereas if they can understand the basic knowledge of bitcoin, crypto and blockchain it is enough for them to start learning more about other things in crypto. I think it's enough to give a reference to the basic things. if someone is really interested surely he will look for more information. and the information is widely distributed on the internet freely.

Which is why people just go crazy for floki and other nonsense coins,,, always about the price, about the "potential"  

I do disagree that everyone has to learn about technology though. You can still understand Bitcoin benefits without understanding the technology,,, same as people slowly began to use email and internet benefits without knowing a single knowledge about how to use html code or email protocols.

[taufik123]

let them learn , we need nothing to explain because it will be more difficult for them to understand .
the internet is more than enough for newbies to learn.
give them links and just follow up with their questions.

It is simpler and very efficient to provide knowledge to beginners about bitcoin. because on the internet there are many articles and videos that explain what bitcoin, cryptocurrency and blockchain are.
Just how they newbies learn and don't just depend on others.

If we explain from scratch we will not be able and better to do other jobs than having to become their personal teacher.

[topbitcoin]

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?

I think just give him youtube videos or google links that explain about crypto. Because from the story itself we know what your friend aim, is to get a lot of money from crypto. Although it is what most of people in here aim too, but for people who only want to be rich quickly, they wouldn't care about technology or anything related to crypto, they will care if you tell them how to get profit instantly.

[worle1bm]

Most of them are only interested because the price goes up high and viral news about bitcoin. his interest is also not necessarily true to learn this technology . they just want to know how to be rich. whereas if they can understand the basic knowledge of bitcoin, crypto and blockchain it is enough for them to start learning more about other things in crypto. I think it's enough to give a reference to the basic things. if someone is really interested surely he will look for more information. and the information is widely distributed on the internet freely.

The backend working of Bitcoin is totally technical and many people who lack those skills will find it hard to understand how the transactions are made and how wallets store your funds.But the simple part for investors is to hold them as financial investment tool to gain profits in the long run if they just hold it.But for those who are interested in understanding how it works needs to be familiar with all the basic functioning if not too deep but slowly many more people will understand it and come to know about it.Almost everyone want profit but btc will give freedom along with profits to you and that's the best part.

[virasog]

My personal experience is getting to know bitcoin, because of the help of a friend who has always faithfully guided me, and always taught me to know bitcoin, he taught me about using bitcoin, he taught me about scams, how to store bitcoin, and how to sell to avoid scams..

You're are lucky to have a friend who knows about bitcoin and he helped you also get knowledge about it. When i started to know about bitcoins and crypto, i was all alone searched the google and this forum to get as much information as i can. I did not have anyone near to know who know about bitcoin. However, once i got knowledge, i did transfer it to my family and friends

[molsewid]

I think just give him youtube videos or google links that explain about crypto. Because from the story itself we know what your friend aim, is to get a lot of money from crypto. Although it is what most of people in here aim too, but for people who only want to be rich quickly, they wouldn't care about technology or anything related to crypto, they will care if you tell them how to get profit instantly.

I think this sounds better, I think the friend of OP or let's say if I am the one that wanted to learn about crypto and asking my friend to teach me I would already appreciate if he can give me a links on youtube that I can watch on and legit google links where I can acquire more knowledge. If he will going to teach me it would be a great help but it's not his responsibility to teach me by the way unless I would going to pay him for teaching me. However, I am also glad that I have a friend who knows a lot about this platform and never hesitate to share his knowledge with me but in myself I'd still made my own research about the crypto platform and market on my own.

[Ziskinberg]

My personal experience is getting to know bitcoin, because of the help of a friend who has always faithfully guided me, and always taught me to know bitcoin, he taught me about using bitcoin, he taught me about scams, how to store bitcoin, and how to sell to avoid scams..

You're are lucky to have a friend who knows about bitcoin and he helped you also get knowledge about it. When i started to know about bitcoins and crypto, i was all alone searched the google and this forum to get as much information as i can. I did not have anyone near to know who know about bitcoin. However, once i got knowledge, i did transfer it to my family and friends

Same here, and the reason I learned a lot is because I worked hard to educate myself.

Without people teaching us to learn in crypto, I guess that is more effective as we start from the very start and have more sources on the information that we would know, until now, I still continue learning and I don't close my mind with the new knowledge especially on the investment knowledge as that's the reason why we are here.

[geegaw]

the fact is, money make people feeling thirsty, and who refuses to be rich? just to the point what he look for, when try to find money, just explain slowly how to deal with it and dont forget to avoid dangerous thing like scam and the other.
and dont forget to warn, if you too lustful, it will bring to loss

let them learn , we need nothing to explain because it will be more difficult for them to understand .
the internet is more than enough for newbies to learn.
give them links and just follow up with their questions.

Agree, explaining to them like children is probably overkill and most of us are not trained in teaching styles, the instruction will have its bad points and explain according to our thinking, perhaps each lesson will take a few extra hours to find the common ground between our conversation and the new person. Besides, the age of learning about bitcoin is also quite different, the slow absorption of some components can make us angry and make non-standard statements, we don't want to let new people judge us rude and disrespectful, it's better for them to learn the general curriculum which is Youtube and our role is to advise more knowledge.