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Author Topic: Educating people on Bitcoin for free  (Read 4028 times)
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September 21, 2022, 09:40:16 AM
 #141

and I think to make people aware of this, education about Bitcoin is very appropriate to do apart from they will get lessons about Bitcoin they will certainly be inspired and increase motivation to want to learn about Bitcoin. now I myself have started to invite some people to learn about Cryptocurrency and they are getting interested in Bitcoin.
In case of any good thing there are will have some positive and negative aspects so if there will have more positivity then that aspect should be considered. Despite the emphasis on the positive aspects of Bitcoin, the heads of government of the most countries are still talking negatively about Bitcoin. There are many governments among them who do not understand what should be done. Because they don't fully trust Bitcoin and they don't know how it works. From that point of view it can be said that in the development of Bitcoin we all need to acquire proper knowledge and as the first step we need to raise awareness and social education for the establishment of bitcoin.

I don't think the government doesn't understand bitcoin well, they understand very well how it works. But bitcoin is a decentralized protocol, it goes against the principle that everything should be controlled by them, so they don't want to accept such a thing. It must be said that the government is the biggest barrier in terms of bitcoin education for everyone and its popularity.

It is true that there are a lot of governments that don't know what to do with bitcoin but with the recent Mica bill by the US and EU governments, I think other countries will follow the bill to know how to behave with bitcoin. Once the regulation is in place, bitcoin and cryptocurrencies will become legal, bitcoin education will soon be more widely available.

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September 21, 2022, 01:04:08 PM
 #142

giving basic knowledge of understanding about bitcoin is a good way. but sometimes people get the wrong idea like thinking investing in bitcoin can get rich quickly.
like in my city, actually many know about bitcoin and crypto and also many who come to my house to ask for an explanation of how to invest in bitcoin and how to minimize losses when investing in bitcoin. but after i explain gradually they actually have high ambitions and think get rich quick from bitcoin. even though i have only explained a few stages they have rushed to their own conclusions.
once there was 1 person when i told him how bitcoin is basic and investing in bitcoin instead he went to the bank to borrow money just to buy bitcoin and ended up getting a big loss and it was as if the person was angry with me. even though it has just been explained that some stages already have their own assumptions.
so from that incident i started to think i would only give knowledge to people who have the patience to learn to invest in bitcoin so they are not too desperate to take their own steps and lose in their own way

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September 21, 2022, 01:18:02 PM
 #143

Proper education is the surest way to becoming a stable bitcoin holder, and why there have bee so much miss information in the market it because most people that hold Bitcoin are with the mindset of gaining 10x profits which always breed frustration when their desires is not forthcoming .
So the place for education should be prioritize before diving into bitcoin because is the only way the proper process will be learned and a lot of mistakes newbies make will be minimized since they already know such things as wallet and wallet securities and how to use different wallets.

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September 21, 2022, 01:30:50 PM
 #144

giving basic knowledge of understanding about bitcoin is a good way. but sometimes people get the wrong idea like thinking investing in bitcoin can get rich quickly.
like in my city, actually many know about bitcoin and crypto and also many who come to my house to ask for an explanation of how to invest in bitcoin and how to minimize losses when investing in bitcoin. but after i explain gradually they actually have high ambitions and think get rich quick from bitcoin. even though i have only explained a few stages they have rushed to their own conclusions.
once there was 1 person when i told him how bitcoin is basic and investing in bitcoin instead he went to the bank to borrow money just to buy bitcoin and ended up getting a big loss and it was as if the person was angry with me. even though it has just been explained that some stages already have their own assumptions.
so from that incident i started to think i would only give knowledge to people who have the patience to learn to invest in bitcoin so they are not too desperate to take their own steps and lose in their own way

We are forerunners and we understand the risks of rushing to invest in bitcoin without having enough knowledge about it, but it is really hard and I can say that there is no way to stop the ambition of the new entrants into the market. We just wanted to educate them about bitcoin before going any further, but given their curious nature, they are always tempted by advertising and social media marketing.
There's really no way to stop it, I'm almost helpless because my advices are almost ignored by them. For me, they will really come to their senses after they learn from their loss and start taking lessons seriously.

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September 21, 2022, 01:51:12 PM
 #145

We are forerunners and we understand the risks of rushing to invest in bitcoin without having enough knowledge about it, but it is really hard and I can say that there is no way to stop the ambition of the new entrants into the market. We just wanted to educate them about bitcoin before going any further, but given their curious nature, they are always tempted by advertising and social media marketing.
There's really no way to stop it, I'm almost helpless because my advices are almost ignored by them. For me, they will really come to their senses after they learn from their loss and start taking lessons seriously.
Before going any further and investing in huge amounts, there is no harm in providing education in advance about the correct procedure for investing in bitcoin. Everyone has a big enough ambition to make a profit when investing in bitcoin, of course we can't stop their determination to know more about bitcoin. Here the presence of the OP's role to provide education about bitcoin and the right time to invest is  very important thing how to do the best possible to make profit. Give education about bitcoin not only from profitable but also need to warn them and educate about bitcoin have two side between profit or loss. Depend moment for investing bitcoin have been on higher price or lower price, I think OP should warning with panic moment between buying bitcoin or selling bitcoin if don't on right time.

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September 21, 2022, 03:09:57 PM
 #146

-

We are forerunners and we understand the risks of rushing to invest in bitcoin without having enough knowledge about it, but it is really hard and I can say that there is no way to stop the ambition of the new entrants into the market. We just wanted to educate them about bitcoin before going any further, but given their curious nature, they are always tempted by advertising and social media marketing.
There's really no way to stop it, I'm almost helpless because my advices are almost ignored by them. For me, they will really come to their senses after they learn from their loss and start taking lessons seriously.
but now that beginners have started investing in bitcoin with their ambitions and quick get-rich-quick thoughts, now they too have realized that it is not as easy and fast as that to get big profits investing in bitcoin. it's true what you say, they will be able to learn from loss. because after that they began to learn to be more careful when they want to step into buying bitcoin again as an asset.
but on the other hand i accompany them and i give advice it is better to hold bitcoin as a long-term asset and buy bitcoin with money that is not used for daily needs.
for example, buy bitcoin with company salary of $50 and buy bitcoin every week or every month. and do that for a few years and until the bullrun comes again and the bitcoin price reaches a new ATH.
so now what i teach beginners who are a bit more ambitious is bitcoin is a long term asset that takes a lot of time and requires a lot of patience.

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September 21, 2022, 06:32:05 PM
 #147

Proper education is the surest way to becoming a stable bitcoin holder, and why there have bee so much miss information in the market it because most people that hold Bitcoin are with the mindset of gaining 10x profits which always breed frustration when their desires is not forthcoming .
So the place for education should be prioritize before diving into bitcoin because is the only way the proper process will be learned and a lot of mistakes newbies make will be minimized since they already know such things as wallet and wallet securities and how to use different wallets.
Indeed, basically everything must be based on knowledge, including bitcoin. But it is undeniable that now many are getting into bitcoin just to get rich quick. Though that is the biggest mistake, they only see when it's sweet, but when it's bitter and sour, they don't want to see. That is one of the reasons why many people fail when investing here. Because they do not know the basic concept of bitcoin itself.
How can we get profit, when we don't know what we are doing.

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September 21, 2022, 10:43:50 PM
 #148

Proper education is the surest way to becoming a stable bitcoin holder, and why there have bee so much miss information in the market it because most people that hold Bitcoin are with the mindset of gaining 10x profits which always breed frustration when their desires is not forthcoming .
So the place for education should be prioritize before diving into bitcoin because is the only way the proper process will be learned and a lot of mistakes newbies make will be minimized since they already know such things as wallet and wallet securities and how to use different wallets.
Indeed, basically everything must be based on knowledge, including bitcoin. But it is undeniable that now many are getting into bitcoin just to get rich quick. Though that is the biggest mistake, they only see when it's sweet, but when it's bitter and sour, they don't want to see. That is one of the reasons why many people fail when investing here. Because they do not know the basic concept of bitcoin itself.
How can we get profit, when we don't know what we are doing.
Cant really deny on that reason which is really indeed precise that majority of old and new ones do really come into a common belief about making easy money kind of mindset which these things would be entirely be changed up on the time you do able to gain up experience.Educating people for free is something that not people would be doing so but there are some who are really that eager or inspired on sharing up the
opportunity that they are currently experiencing which is really that a commendable kind of act which not everybody would be doing.

This doesnt only spent up some effort but also your precious time and OP did really show a good job on here on spreading up some awareness and recognition.

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September 28, 2022, 11:55:31 AM
 #149

The biggest problem I have found when trying to educate people around me on Bitcoin is the distance from and lack of exposure to the trust issues of fiat it is attempting to solve. A lot of the conversations around Bitcoin tend to be about what it is and how it works, and indeed the price, but why it exists and why it can be so incredibly important for people all over the world is not often well explained or understood.

The few people around me that had enough drive or interest to learn more about Bitcoin would eventually come across resources that underlined what Bitcoin can be to somebody in an authoritarian regime, where trust issues of money are incredibly real on a daily basis. It's that insight that seems to have provided the biggest shift in their thinking from "how can this help me get rich?" to "how can this new technology improve lives?".

The past couple of months I have made my own attempt at creating a wholesome resource to help people better understand Bitcoin in this way. The goal was to create a journey of curated resources from expert educators in the field, allowing them to first understand why Bitcoin exists and why it can be so important, and only then touch on how it works and what it is. At the same time, the hope was that they would immediately be connected with great educators and resources to learn more from if they wish to do so.

If anybody here wants to take a look at it and share your thoughts, that would be amazing. It is a free, open-source GitBook project and I hope I can get others to contribute to it as well via Gitlab, making it a community-driven resource that can improve and stay up to date over time (there are still quite some things to add, such as the different methods of obtaining, storing, and paying with bitcoin).

https://btcjourney.gitbook.io/start/

I really hope this resource can become the resource we all wish existed and could share. Really looking forward to any input or contributions you might have.
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September 28, 2022, 01:16:33 PM
 #150

The biggest problem I have found when trying to educate people around me on Bitcoin is the distance from and lack of exposure to the trust issues of fiat it is attempting to solve. A lot of the conversations around Bitcoin tend to be about what it is and how it works, and indeed the price, but why it exists and why it can be so incredibly important for people all over the world is not often well explained or understood.
Of course, changing the mindset of someone who for many years is very familiar with the centralized financial system to a decentralized financial system is not an easy matter. You have to have a lot of understanding to explain them well especially when they are not people who like highly volatile and risky currencies like bitcoin. But I don't think you have to take full responsibility for giving him an understanding, you just have to tell him the basics of understanding and then let them figure it out for themselves.

Direct them to reference sources, it can help them know a lot of things if indeed the people you teach are interested in knowing more about bitcoin. Including the following sources:
1. https://bitcoin.org/en/
2. bitcointalk.org
3. Youtube channel
4. Etc

The past couple of months I have made my own attempt at creating a wholesome resource to help people better understand Bitcoin in this way. The goal was to create a journey of curated resources from expert educators in the field, allowing them to first understand why Bitcoin exists and why it can be so important, and only then touch on how it works and what it is. At the same time, the hope was that they would immediately be connected with great educators and resources to learn more from if they wish to do so.
Every good idea should get a lot of support. Then I thought, create a thread about your efforts and explain why it would be of great value to the community instead of replying to posts in this thread that which will more than 8 pages. I'm sure your announcement will sink in.

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September 28, 2022, 02:04:47 PM
 #151

Proper education is the surest way to becoming a stable bitcoin holder, and why there have bee so much miss information in the market it because most people that hold Bitcoin are with the mindset of gaining 10x profits which always breed frustration when their desires is not forthcoming .
So the place for education should be prioritize before diving into bitcoin because is the only way the proper process will be learned and a lot of mistakes newbies make will be minimized since they already know such things as wallet and wallet securities and how to use different wallets.
Indeed, basically everything must be based on knowledge, including bitcoin. But it is undeniable that now many are getting into bitcoin just to get rich quick. Though that is the biggest mistake, they only see when it's sweet, but when it's bitter and sour, they don't want to see. That is one of the reasons why many people fail when investing here. Because they do not know the basic concept of bitcoin itself.
How can we get profit, when we don't know what we are doing.
The problem people are having,  people are too lazy to get knowledge about what they are about to go into . Some people make plans to start up a business but it is so difficult for them to make time to know more about what they are about to start up, it is similar thing most people do when they have interest to start up bitcoin investment.  They don't reason if there are things about bitcoin investment they need to know.  People only see bitcoin to be rich currency that can make investors rich, and don't care if their is anything like the dip, what they just want is profit from bitcoin.

R


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reagansimms
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September 29, 2022, 04:26:13 AM
Merited by fillippone (2)
 #152

The development of digital technology (Cryptocurrency) or more specifically (Bitcoin) is increasingly fast and has a significant effect on all dimensions of human life, one of which is in the financial sector. The presence of Bitcoin using blockchain technology has changed the financial system that has been used and of course gave birth to pros and cons. There are several countries that make Bitcoin a legal tender and there are also those who reject the presence of Bitcoin in their country. But despite all the pros and cons, the interest of people around the world in Bitcoin is increasing because it is resistant to inflation.

Educating ordinary people to be more familiar with cryptocurrencies, especially Bitcoin can increase people's interest in using crypto, they will not hesitate to make Bitcoin a long-term investment asset because its value is increasing from year to year. Another reason that drives people's interest in Bitcoin is because it was initially introduced to the public without value, now Bitcoin has a fantastic value and is the target of many investors.

R


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slaman29
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September 29, 2022, 05:48:31 AM
 #153

Educating ordinary people to be more familiar with cryptocurrencies, especially Bitcoin can increase people's interest in using crypto, they will not hesitate to make Bitcoin a long-term investment asset because its value is increasing from year to year. Another reason that drives people's interest in Bitcoin is because it was initially introduced to the public without value, now Bitcoin has a fantastic value and is the target of many investors.

Dudes like you just keep posting all kinds of nonsense, you're not helping people at all. Awareness and education is not about to make them "not hesitate to make Bitcoin a long-term investment"... especially if you're saying the value increases from year to year. It clearly does not, it clearly has not. From 2017 to 2018 to 2019 it went down.

Education is about moving away from investment and speculation and understanding the true value and lifechanging possibilities of Bitcoin.

So maybe before we go forth and educate we need to learn ourselves?

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gunhell16
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September 29, 2022, 05:48:49 AM
 #154

and I think to make people aware of this, education about Bitcoin is very appropriate to do apart from they will get lessons about Bitcoin they will certainly be inspired and increase motivation to want to learn about Bitcoin. now I myself have started to invite some people to learn about Cryptocurrency and they are getting interested in Bitcoin.

If we start by ourselves to teach bitcoin to people, I think this style of the method is old, many people have done this kind of thing, and almost most of those who tried it didn't stop too soon because most people that he wants to teach is the who are not that interested in knowing about Bitcoin, although the intention and desire are good but in the end they will think badly for us.

So what I see that is good to teach is that they will come to you or us to have curiosity about bitcoin, and at least in that way we can see that they have the will to know what we are doing about bitcoin and see the reason how we survive using Bitcoin in our life in this day and age.


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reagansimms
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September 29, 2022, 07:19:42 AM
Merited by Halab (2), fillippone (2)
 #155

Educating ordinary people to be more familiar with cryptocurrencies, especially Bitcoin can increase people's interest in using crypto, they will not hesitate to make Bitcoin a long-term investment asset because its value is increasing from year to year. Another reason that drives people's interest in Bitcoin is because it was initially introduced to the public without value, now Bitcoin has a fantastic value and is the target of many investors.

Dudes like you just keep posting all kinds of nonsense, you're not helping people at all. Awareness and education is not about to make them "not hesitate to make Bitcoin a long-term investment"... especially if you're saying the value increases from year to year. It clearly does not, it clearly has not. From 2017 to 2018 to 2019 it went down.

Education is about moving away from investment and speculation and understanding the true value and lifechanging possibilities of Bitcoin.

So maybe before we go forth and educate we need to learn ourselves?
Lol, are you sure of what you just said, there's no way El Salvador would adopt bitcoin if there wasn't a growth in value. Now let's look at the price of bitcoin when it was introduced and compare it to the price of 2022, don't you think that's an increase.

2017, 2018, 2019 Bitcoin experienced a very sad period, after what happened, Bitcoin was able to break through a new ATH. I think you need to re-examine the flow of bitcoin journey from its first introduction until 2022. Only then will you draw conclusions on my post, is it nonsense or not.

R


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AicecreaME
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September 29, 2022, 08:39:36 AM
 #156

I was doing the same OP but I stopped. I've guided some people on how cryptocurrency works, especially Bitcoin, they were happy about it in the start after they knew how much profit they could make on it in the long run. However, the impatient ones blamed me because they were keep on insisting that Bitcoin is not going to pump again, way back 2018 when bear market hits, and they did panic selling, which they regret when Bitcoin pumps again.

Since then, I never guided anyone because I'm very disappointed on what happened. You guide them, teach them, and yet they would blame you when red candles appears. I don't like those kind of people. Hopefully that would never happen to you OP.
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September 29, 2022, 09:38:42 AM
 #157

Educating ordinary people to be more familiar with cryptocurrencies, especially Bitcoin can increase people's interest in using crypto, they will not hesitate to make Bitcoin a long-term investment asset because its value is increasing from year to year. Another reason that drives people's interest in Bitcoin is because it was initially introduced to the public without value, now Bitcoin has a fantastic value and is the target of many investors.

Dudes like you just keep posting all kinds of nonsense, you're not helping people at all. Awareness and education is not about to make them "not hesitate to make Bitcoin a long-term investment"... especially if you're saying the value increases from year to year. It clearly does not, it clearly has not. From 2017 to 2018 to 2019 it went down.

Education is about moving away from investment and speculation and understanding the true value and lifechanging possibilities of Bitcoin.

So maybe before we go forth and educate we need to learn ourselves?
Lol, are you sure of what you just said, there's no way El Salvador would adopt bitcoin if there wasn't a growth in value. Now let's look at the price of bitcoin when it was introduced and compare it to the price of 2022, don't you think that's an increase.

2017, 2018, 2019 Bitcoin experienced a very sad period, after what happened, Bitcoin was able to break through a new ATH. I think you need to re-examine the flow of bitcoin journey from its first introduction until 2022. Only then will you draw conclusions on my post, is it nonsense or not.

Bitcoin education for people is to help them understand what bitcoin is, the benefits of using bitcoin over using fiat. Bitcoin was originally designed as a currency rather than an investment, but now most people view it as an investment. In my opinion, educating people about bitcoin so that they realize the benefits of bitcoin for them as bitcoin can be used as a payment method that replaces existing currency, as a store of assets...instead of just directing them to invest. That's really not good because investment doesn't always bring profit nor risk it brings. Giving them full knowledge of bitcoin and what they use it for is up to them.

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September 29, 2022, 09:41:20 AM
 #158

I was doing the same OP but I stopped. I've guided some people on how cryptocurrency works, especially Bitcoin, they were happy about it in the start after they knew how much profit they could make on it in the long run. However, the impatient ones blamed me because they were keep on insisting that Bitcoin is not going to pump again, way back 2018 when bear market hits, and they did panic selling, which they regret when Bitcoin pumps again.

Since then, I never guided anyone because I'm very disappointed on what happened. You guide them, teach them, and yet they would blame you when red candles appears. I don't like those kind of people. Hopefully that would never happen to you OP.
I guess that's what's come when you try to teach people about something they don't understand and just wanted to earn some quick bucks. Some people will hold your responsibility in case they lose money on the potential investment that you've told them.

I myself also tried to teach some of my colleagues and friends about cryptocurrency, especially bitcoin and as of now I never received any backlash from them as I've only taught them about the basic information as well as investment and potential income they could get from crypto. Also, I never suggested they invest but rather research crypto that they would like to invest in as most of it has a lot of risks. Upon telling them the profit I've generated and earned, I've also told them about the loss to better informed them about the risks.

Right now, some of them has already past me in terms of income as well as knowledge and I am happy about it.

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September 29, 2022, 04:22:00 PM
 #159

I was doing the same OP but I stopped. I've guided some people on how cryptocurrency works, especially Bitcoin, they were happy about it in the start after they knew how much profit they could make on it in the long run. However, the impatient ones blamed me because they were keep on insisting that Bitcoin is not going to pump again, way back 2018 when bear market hits, and they did panic selling, which they regret when Bitcoin pumps again.

Since then, I never guided anyone because I'm very disappointed on what happened. You guide them, teach them, and yet they would blame you when red candles appears. I don't like those kind of people. Hopefully that would never happen to you OP.
Not everyone can accept something that we think is good, sometimes we have to accept a disappointing return for what we have given them. You don't need to feel upset about what you did at that time, about them blaming you it's just a risk, after all they end up regretting what they did (when bitcoin pumped). You are lucky to be able to teach people even if they blame you.

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September 29, 2022, 05:39:18 PM
 #160

Bitcoin education for people is to help them understand what bitcoin is, the benefits of using bitcoin over using fiat. Bitcoin was originally designed as a currency rather than an investment, but now most people view it as an investment. In my opinion, educating people about bitcoin so that they realize the benefits of bitcoin for them as bitcoin can be used as a payment method that replaces existing currency, as a store of assets...instead of just directing them to invest. That's really not good because investment doesn't always bring profit nor risk it brings. Giving them full knowledge of bitcoin and what they use it for is up to them.
Looks like teaching basic fundamental and advantage about bitcoin adopt as payment currency is better than educating some people to know bitcoin as investment assets. I think with advantage have by bitcoin for payment currency faster actually for many influencer have costumer around the world and using bitcoin as alternative payment currency easy than have using other digital currency like PayPal risk with account get limit or problem later.

Little difficult educating for many people about bitcoin as payment currency digital option because nowadays they know bitcoin as investment way and want increase profit for investing in bitcoin.

Giving them full knowledge of bitcoin and what they use it for is up to them.
Giving all bitcoin price history I think make them realize and understand yet about how risk when investing in bitcoin, I think try educating and giving all history price about bitcoin years by years make them understand about risk and chance how to earn profit or loss in bitcoin.

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CRYSTAL PALACE FC
BURNLEY FC
HUDDERSFIELD TOWN   
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