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Author Topic: I have started teaching Bitcoin to my Neighbors  (Read 1986 times)
Mr. Magkaisa (OP)
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August 05, 2022, 03:17:12 PM
Last edit: November 30, 2022, 05:03:16 AM by Mr. Magkaisa
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 #1

Hello everyone here in this forum, If you remember I made a topic here about the plan to teach Bitcoin in my Subdivision area. https://bitcointalk.org/index.php?topic=5404886.0

It took quite a few weeks before I was able to give you updates, and finally some of my neighbors who told me and showed interest in what Bitcoin is all about and how it can help them, they agreed to arrange their schedule so that I could teach them and here it is and it happened and it was held in my own little home. And the funny thing here is that they are all young people, and currently studying, they showed interest in what I am doing with bitcoin, what it really is. These are just some of the pictures that I will show you that I myself was really happy with them that's why I didn't regret to give them time and even it was conducted in my house in this regard.











This is the first step topic that I taught them first, it's really basic and I explained to them slowly and properly in our language, the funny thing is that they came to my house with a small notebook and a ballpen to jot down the important points I will make.

According to the image you see above, these young people told me that they got interested because it was their parents who encouraged them to come for me to teach them about what I was doing with bitcoins and their parents said that even though I am not employed or unemployed, I can still pay my monthly billings, rental house, internet bill, electricity, and water bill within 6 years. And the rest of them are already 27yrs old, 22, 18, and 17 years old. And they are all inspired by what I do. after the first session, they had questions about what I taught them about bitcoin, and they were completely satisfied with the answer they like to hear from me.

The beauty of it is that before the end of our bitcoin session, the five of them agreed that every twice a month there will be a small home party session here at my house. I said no problem and I will give it to them for free. One of the young people even said that he gradually understood bitcoin and plans to make it a secondary payment option in their small sari-sari store here in our subdivision. But for now, he will study for now. That's why the basic usages and benefits was the one I tackled in the first place.

So my only request to the other members here in this forum is to teach me what can be taught to them that I may not know at the moment, although I am not an expert here but only basic thing about bitcoin that I share with my acquaintances here in the community I'm in. So you are free to provide additional knowledge on this matter and I am willing to accept it because I am also one of those who are still learning about bitcoin.

Thank you very much for taking the time to read this topic I made, and I will continue to give you updates on my next teaching to these young people. God bless you all Smiley

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August 05, 2022, 03:40:02 PM
 #2

Well, first of all, I would like to thank you Wink. I have heard an old proverb that says:
"Anyone who teaches me something, he's like my father, and I have to respect him."

I see that most of your friends are young and that's great. Young people always have newer and better ideas. Who knows, maybe one of these guys will be influential in the future.
But I have a suggestion for you. One of my teachers said:
The best way to learn is "learning through videos."

If you have meetings in the future, you can use many videos from YouTube. Anyway, I'm glad to see you've invited people into the crypto family.

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August 05, 2022, 04:05:00 PM
 #3

Teaching people about bitcoin is great, but i will not let people into my home for that purpose, that is too risky for a bitcoin user like me, even if they are neighbors, i may just be exposing myself to attacks in the future, people think every bitcoin user is rich you know. Roll Eyes A change of venue may be necessary, a group on any social media app may be even better, anything to maintain your privacy and anonymity and to protect yourself. You get an idea of what i am saying from this snippet from your post:
According to the image you see above, these young people told me that they got interested because it was their parents who encouraged them to come for me to teach them about what I was doing with bitcoins and their parents said that even though I am not employed or unemployed, I can still pay my monthly billings, rental house, internet bill, electricity, and water bill within 6 years. And the rest of them are already 27yrs old, 22, 18, and 17 years old.
^
Now on that snippet, i do not know how you manage to do all that without a job, you probably get bitcoin for providing a service, there is something many do not understand, bitcoin is money, just like £ for example, you have to do something to get it, it can't help you pay your bills without working for it, it is not bitcoin of itself that pays your bills, it is your skill you give out. You'd have to work or give out a service and be paid in bitcoin, then use bitcoin to pay your bills, so as people understand bitcoin, they should also develop a skill they can give out and be paid in the coin, or they have to work, and use their salaries to buy it (note that buying that way is for speculation and not spending), it is a crucial information, so people avoid building castles in the air with the thought that knowing bitcoin without working will be a panacea to poverty.

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August 05, 2022, 04:12:28 PM
 #4

The most important reference is to go back to the Bitcoin whitepaper, for example you print it out and give it to them to understand as basics and basics before going into more abstract stages. There are many ways to teach people about Bitcoin and cryptocurrencies. But not everything goes well, depending on how you implement it by making the terms as simple as possible. Adjust to the cognitive level of age, it definitely sounds more complicated to you. One of them is understanding what they need and what is the main reason they are interested in Bitcoin.

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August 05, 2022, 04:52:21 PM
 #5

Well, first of all, I would like to thank you Wink. I have heard an old proverb that says:
"Anyone who teaches me something, he's like my father, and I have to respect him."

I see that most of your friends are young and that's great. Young people always have newer and better ideas. Who knows, maybe one of these guys will be influential in the future.
But I have a suggestion for you. One of my teachers said:
The best way to learn is "learning through videos."

If you have meetings in the future, you can use many videos from YouTube. Anyway, I'm glad to see you've invited people into the crypto family.

Thanks for your advice friend, don't worry in our next session that's one of the things I'll do with them, for now, we'll just do it little by little, I don't want to rush them, it's good to go slow, but they'll understand what I'm saying very well.

Quote
Teaching people about bitcoin is great, but i will not let people into my home for that purpose, that is too risky for a bitcoin user like me, even if they are neighbors, i may just be exposing myself to attacks in the future, people think every bitcoin user is rich you know. Roll Eyes A change of venue may be necessary, a group on any social media app may be even better, anything to maintain your privacy and anonymity and to protect yourself. You get an idea of what i am saying from this snippet from your post

First of all, I understand what you mean Sir, but we have different attitudes when it comes to dealing with neighbors, because for me they're my friends too, not just neighbors, secondly those young people in the picture, I know their parents well and they are my friends too, we also treat each other as a family, even their other small children also come and go to my house to play with my son. They also know that I'm not a rich person, I don't have four wheels, I only have a single motorcycle, the parents of the young people in the picture they have all cars. So, I think you are thinking wrong about them. In fact, I often ask for help from the parents of those young people, as if their parents just want me to teach their eldest children what I do. And if they need a hand with me I will also give as long as I can give a hand to them.

Quote
Now on that snippet, i do not know how you manage to do all that without a job, you probably get bitcoin for providing a service, there is something many do not understand, bitcoin is money, just like £ for example, you have to do something to get it, it can't help you pay your bills without working for it, it is not bitcoin of itself that pays your bills, it is your skill you give out. You'd have to work or give out a service and be paid in bitcoin, then use bitcoin to pay your bills, so as people understand bitcoin, they should also develop a skill they can give out and be paid in the coin, or they have to work, and use their salaries to buy it (note that buying that way is for speculation and not spending), it is a crucial information, so people avoid building castles in the air with the thought that knowing bitcoin without working will be a panacea to poverty.

For what I did was only day trade, and everyday I got earned, it may not be a large amount but it can sustain all the prime commodities I need monthly. And You don't have to worry about this thing Sir, Because I already explained to them in simplest explanation that they would understand it clearly in our own local language. Like paying bills from Bitcoin-usdt- local currency going to coinsph or gcash wallet. Just simple as that.

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August 05, 2022, 05:27:08 PM
 #6

One of my teachers said:
The best way to learn is "learning through videos."
It is not true. Depends on what you teach, what others want to learn.

With videos, if you want to find a point, you must know when it is in that video. If you don't remember, don't note it previously, you will have to spend more time than you are ready to spend, to watch most of the video in order to find the point you want to learn.

With books, power points, you can find what you want more quickly.

I prefer to read books than watch videos. Videos are helpful if you want to practice something. Watch a practical video after you already read books.

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August 05, 2022, 05:33:33 PM
 #7

Were they able to jot things down? Regarding their sitting position. However, you are doing a great job, get them to create their first wallet then start putting Bitcoin into it bit by bit, since they are young people their parents can fund it. Are you teaching them free of charge? If so it's ok, but paying for the session with you in your little home will enable them take the whole process more serious. From time to time they will be able to understand how the blockchain network works.

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August 05, 2022, 05:51:07 PM
Merited by hugeblack (4)
 #8

Whether Bitcoin can be used to pay the bills depends on the country because it's certainly impossible in mine. Is it really possible in yours?
Also, I think trading is a job, not a business (an exchange website is a business, managing funds of others is a business). Other things on the board seem right.
It's cool that parents are encouraging their young adults to learn about Bitcoin, I'm quite surprised about that.
I think it's important to teach these people about the safety of holding Bitcoins (importance of using a non-custodial wallet) and of keeping the keys safe but also somewhere one won't forget to look.
Also, have these people consented to the photos being published? If so, it's great, but otherwise it's a violation of their privacy and the faces, at least, should be blurred.

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August 05, 2022, 06:43:20 PM
 #9


It is not true. Depends on what you teach, what others want to learn.

With videos, if you want to find a point, you must know when it is in that video. If you don't remember, don't note it previously, you will have to spend more time than you are ready to spend, to watch most of the video in order to find the point you want to learn.

With books, power points, you can find what you want more quickly.

I prefer to read books than watch videos. Videos are helpful if you want to practice something. Watch a practical video after you already read books.

I agree with you. Many people prefer books and magazines, and it makes learning easier for them. But the human brain has a better understanding of images and video content.
That's why Metaverse creating an environment for medical students to see and repeat all surgeries in the Metaverse world.

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August 05, 2022, 07:10:52 PM
 #10

That's fine but I think the basics are on YouTube and in some books like The Bitcoin Standard, Mastering Bitcoin, if these books and resources are available in your local language it will be easy for them to learn if they have some time.

A tip is to get them to stop thinking of Bitcoin as a short-term investment or a quick way to get rich.

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August 05, 2022, 07:32:19 PM
 #11

A tip is to get them to stop thinking of Bitcoin as a short-term investment or a quick way to get rich.

If you have any suggestions on how that's possible, feel free to share.  All of my friends that jumped on the gravy train for the 2021 run are already out of crypto now.  They all bought shitcoins trying to get rich, and now think crypto is a scam.  Some of the survivors from the 2017 bubble that I know have started coming around to a Bitcoin only theme.  I have found that no matter what I say though, no new entrants want to buy Bitcoin.  They struggle to find a use case for themselves and don't want to just buy and hope to sell for more later, because the greater fool theory isn't value...  I wish Bitcoin had the "killer app" instead of a promise the price will rise while telling you not to spend it.

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August 05, 2022, 07:34:50 PM
 #12

I also done something like that before but only few of them are really interested in crypto.
Some of them just like to listen or hang out some of them did invest and earn from it, and I am happy that somehow I manage to help them.
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August 05, 2022, 09:31:00 PM
 #13

A tip is to get them to stop thinking of Bitcoin as a short-term investment or a quick way to get rich.

If you have any suggestions on how that's possible, feel free to share.  All of my friends that jumped on the gravy train for the 2021 run are already out of crypto now.  They all bought shitcoins trying to get rich, and now think crypto is a scam.  Some of the survivors from the 2017 bubble that I know have started coming around to a Bitcoin only theme.  I have found that no matter what I say though, no new entrants want to buy Bitcoin.  They struggle to find a use case for themselves and don't want to just buy and hope to sell for more later, because the greater fool theory isn't value...  I wish Bitcoin had the "killer app" instead of a promise the price will rise while telling you not to spend it.
I reckon with og absolutely, as disappointing as it may sound, it is difficult for a newbie to buy or rather, invest in crypto right now and not expect to get rich over night, most especially the middle class and lower since they are always in need of money to solve one problem or the other, it is easier for the upper class and higher to understand that investing in bitcoin is a long term thing, and since they have world class businesses and companies that yield so much profit for them, it is easily possible for them to look away from the money they invested in crypto even for many years.

But the above is not the same with the poor guy out there, it is almost impossible for a poor guy to invest in crypto and look away from it for at least, two years, except he or she for one or two reasons forgot in invested in crypto, like it is with one of my friend.

BTW.... , Congratulations to you @op on your new Bitcoin teaching initiative, keep playing your part in the quest for bitcoin adoption.

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August 05, 2022, 10:19:02 PM
 #14

Teaching people about bitcoin is great, but i will not let people into my home for that purpose, that is too risky for a bitcoin user like me, even if they are neighbors, i may just be exposing myself to attacks in the future, people think every bitcoin user is rich you know. Roll Eyes A change of venue may be necessary, a group on any social media app may be even better, anything to maintain your privacy and anonymity and to protect yourself.

This is not a serious issue, no one is saying that people who use bitcoins or invest in bitcoins are wealthy, that's not true.

If you stay in the mansion and have a super car, they can also attack you to steal your money, you don't need to own bitcoins. Many people get rich without owning bitcoins. You are giving knowledge and teaching about bitcoin, you are not calling them to your house to show how many bitcoins you have, so there will be no attack here.

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August 05, 2022, 10:28:35 PM
 #15

It's a good thing you teach your neighbors about bitcoin, but I think that after you teach your neighbors about the technical part of bitcoin, which by the way is a part that they will need to dedicate themselves to learn, you will also have the hard task from teaching them the important rules about investing in bitcoin, I think things like: 'just buy and make Hoodl' can end up with your neighbors not liking you if they buy bitcoin and then the price drops a lot. when explaining about rules for investing in bitcoin you will have to talk to them about some technical analysis things, because your neighbors will need to be aware of market entry points (purchase points) even if it is to make hodl they will need to have this knowledge

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August 05, 2022, 10:35:50 PM
 #16

It's a good thing you teach your neighbors about bitcoin, but I think that after you teach your neighbors about the technical part of bitcoin, which by the way is a part that they will need to dedicate themselves to learn, you will also have the hard task from teaching them the important rules about investing in bitcoin, I think things like: 'just buy and make Hoodl' can end up with your neighbors not liking you if they buy bitcoin and then the price drops a lot. when explaining about rules for investing in bitcoin you will have to talk to them about some technical analysis things, because your neighbors will need to be aware of market entry points (purchase points) even if it is to make hodl they will need to have this knowledge

They need to understand that going into this market involved a lot of risk. I hope they will not think that this will be their route to riches because this is not an easy path for that. But slowly, they will learn some basics of this market and not be ignorant with things. Some people have negative notion towards this market because of ignorance. If they will be interested, they can further increase their knowledge by going over the internet and read as much as they can. In today's generation, you can always tap the internet if you want to learn more about certain topic.
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August 05, 2022, 11:35:43 PM
 #17

there are so many programs to improve the community's economy, such as what you do, by giving lessons about bitcoin to those who don't know about bitcoin like your neighbors. I think what you are doing is a good activity. and I also always tell my brothers and neighbors who don't know about bitcoin. and my goal in telling them about bitcoin is to improve their economy for the better.
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August 05, 2022, 11:35:48 PM
 #18

Really appreciate what the OP doing and their efforts.
Honestly, teaching Bitcoin to people that are new enough here is not easy. Firstly, it must be themselves who come to me and ask me to teach them. I never volunteered to teach them for several reasons, one of which was the condition and level of thought of the people in my neighborhood.
If indeed they are interested, then I will be happy to teach them, from the basics, not only about the profits that can make you rich, but also the risks and conditions of the Bitcoin market.
If they really want to learn, usually they will be very serious, they will read more in various sources, and come back to me for discussion to make it clearer. Here, I actually feel happy because I can exchange information, and I can also learn a lot more if there are questions from them that I also couldn't answer at that time.
But not a few are also demanding how to get a lot of money quickly with Bitcoin. And when the market conditions are like today, they will complain and blame.

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August 05, 2022, 11:58:46 PM
 #19

there are so many programs to improve the community's economy, such as what you do, by giving lessons about bitcoin to those who don't know about bitcoin like your neighbors. I think what you are doing is a good activity. and I also always tell my brothers and neighbors who don't know about bitcoin. and my goal in telling them about bitcoin is to improve their economy for the better.
^ It should be supporting a video tutorial not only by telling them so that they will know every detail about BTC and the amazing technology behind BTC.
It is a good deed if we teach our neighbors and loved ones about BTC so that they will open their minds to this form of new technology not only for the profit that possible we can make but also for the usage on it. Because teaching them is not easy to get in a single day or session, it should be 1 week or a month before they will fully understand how BTC works and how it will be used. Good thing we have people here willing to spend their time to teach other for the sake of BTC.
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August 06, 2022, 02:11:14 AM
 #20

This is good, of course! But my hunch is that the primary motive why the parents are sending their children to you to learn about whatever it is you're doing is that they also want them to earn even if they're unemployed.

This is basically all about making money. And this is something every Bitcoin teacher needs to dispel from those who stumbled upon Bitcoin at some point and developed the impression that it is a way to earn quickly and easily. Because that isn't Bitcoin.

So I take exception to your 5th point. I guess that's incorrect.

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