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Author Topic: My ideals on how to promote Bitcoin in my locality  (Read 473 times)
Rockstarguy
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February 10, 2023, 11:19:53 AM
 #21

There are so many ways Bitcoin can be promoted especially here in Nigeria and wold wide.
Firstly religious leaders play a very interesting roles in the life of people and are seen as role models and mentors some see them as a father figure, so what ever this set of people tell there followers that is what exactly they will all do.

It is not about religious leaders telling their members/followers about bitcoin,  but my question is that how are they going to go about it. Is it that they will just tell members to invest bitcoin because it is profitable and never give proper understanding about bitcoin.  Promoting bitcoin is not just telling  people about bitcoin to invest in it but to give  good understanding about bitcoin why one needs to invest in it and it is not an investment to make one to be rich. Telling people about bitcoin is not only telling them the profit in it but to let them know bitcoin is also about understanding,  preparation not to be frightened by the dip in the market. Making people understanding it will keep them while investing but telling them only the profit story will make them to give up when profit have not been made as they expected.

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February 10, 2023, 11:29:56 AM
 #22

There are so many ways Bitcoin can be promoted especially here in Nigeria and wold wide.
Firstly religious leaders play a very interesting roles in the life of people and are seen as role models and mentors some see them as a father figure, so what ever this set of people tell there followers that is what exactly they will all do.
With the numbers of churches and mosques that we have I know if Bitcoins is been enlightened to us through this regions then people will trust and believe in BTC, Bitcoin will surely go more far and spread wide with this ideas.
Secondly Bitcoin is better than saving in a bank because it appreciate while it is been saved in our wallets and it is also an investment, so many people complain from there day to day activities with the local banks of been debited without cause and reducing the expected savings this is not a good reputation and Bitcoin has solve this aspect of issues, with the security of wallets, hard ware and software wallets fraud is been reduced making both the old and the young to believe that they are saved from been scammed through BTC.

#Just my thoughts.

Introduce this idea to the person who have little knowledge about cryptocurrency but don't know where to go to learn more of it since they are the one will provably got interested about physical promotions you do. And for sure if they can learn those people will also spread the word about good benefits they can get about crypto since if you randomly grab people out of nowhere then provably you will get a rejection since maybe they think that this is irrelevant and you will get rejected by people who don't know anything about bitcoin.

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February 10, 2023, 08:20:55 PM
 #23

Convincing someone and explaining the facts beyond the local thoughts is very difficult still i think i can also start a simple campaign in my department in regular classes. As my fellow can pick the point easily and it can be a progressive step anyway. Social Campaigns are a bit difficult reason the typical thinking and point of view but we can change that with our success stories as they know us better then ourselves as we have spent our maximum of time between them.

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February 10, 2023, 10:29:27 PM
 #24

The idea of the religious leader enlightening their followers about Bitcoin will make some of their followers trust and believe in Bitcoin. However, religion was not about enlightening people about BTC and I also believe most religious leaders cant be aware of the concept of Bitcoin until some of their followers introduce them to it. Meanwhile, I have once seen a church that accepts offerings and tithes in BTC I don't remember where I watch the video.

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February 10, 2023, 10:39:07 PM
 #25

There are so many ways Bitcoin can be promoted especially here in Nigeria and wold wide.
Firstly religious leaders play a very interesting roles in the life of people and are seen as role models and mentors some see them as a father figure, so what ever this set of people tell there followers that is what exactly they will all do.
With the numbers of churches and mosques that we have I know if Bitcoins is been enlightened to us through this regions then people will trust and believe in BTC, Bitcoin will surely go more far and spread wide with this ideas.

I agree it is quite a good move to involve religious leaders in propagating Bitcoin but I warn you that it is devastating if these religious leaders become greedy and mislead their followers into investing in some Ponzi scheme that exploits Bitcoin as their means to defraud people.  I have seen this kind of situation where a pastor who has huge followers was blinded by greed and invited all his followers to invest in a company pretending to be a Bitcoin trader but actually a Ponzi schemer.  That resulted in lots of people getting scammed.

Secondly Bitcoin is better than saving in a bank because it appreciate while it is been saved in our wallets and it is also an investment, so many people complain from there day to day activities with the local banks of been debited without cause and reducing the expected savings this is not a good reputation and Bitcoin has solve this aspect of issues, with the security of wallets, hard ware and software wallets fraud is been reduced making both the old and the young to believe that they are saved from been scammed through BTC.

It is given with the trend of Bitcoin that anyone buying and keeping it during a bear market will eventually get a profit when Bitcoin started to become bullish.  But those who invested during the peak may not see it that way especially when they are not patient enough to wait for another cycle that can record a new ATH.

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February 10, 2023, 10:49:29 PM
 #26

The idea of the religious leader enlightening their followers about Bitcoin will make some of their followers trust and believe in Bitcoin. However, religion was not about enlightening people about BTC and I also believe most religious leaders cant be aware of the concept of Bitcoin until some of their followers introduce them to it. Meanwhile, I have once seen a church that accepts offerings and tithes in BTC I don't remember where I watch the video.
Spreading the word of bitcoin through the religious leaders will surely help with effective reach among the common people. As you've mentioned the core purpose of the religious leaders were not to spread the word of bitcoin. Even without such spread it is possible to see good level of cryptocurrency usage and acceptance within Nigeria. These days it is not possible to see religious leaders who are very loyal.

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February 10, 2023, 10:55:18 PM
 #27

Religions should not be connected to any currency, their practice is not to teach about currency but its more on their religious belief and in my country, they will not go down into this level especially we are a catholic country where we focus in God’s word. Their influence to other people should not be take advantage by any currency, this is not a good way to spread awareness about Bitcoin.

The best way to promote is to spread knowledge about it without forcing anyone to adopt or participate, you can conduct a seminar or live streaming but again, don’t force anyone and just share your thoughts about Bitcoin.
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February 10, 2023, 11:50:20 PM
 #28

I’m afraid the cons outweigh the pros in this case, because in Nigeria there are lots of “fake men of God” that extort their members by different means. Even the innocents ones can be exploited, I remember in 2019/2020 when forex trading become so popular in a city, churches were used as an outlet for forex trading companies to promote their business, all they had to do was convince the head pastor that they were legit and the pastor most times give them their platform to speak to church members. Later when the scam company disappeared with all the funds, the churches suffer loss of their flock because the trust between the church and its members was lost.

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February 10, 2023, 11:57:15 PM
 #29

To some, actually we don't need to promote this industry. Many people are already aware of its existince and advantages over other currencies and same goes with the disadvantages. Let people decide whether they'd dive into this industry. Share only the idea of how this industry works and how you are making use of this technology. One reason of not persuading them is to save them from risk especially if they are not into it. It will just be a drama if you'd push them to invest and once they are seeing losses, you'd be the one to blame. Sharing the knowledge would be a good idea but never be biased when introducing this industry to people.

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February 11, 2023, 01:03:21 AM
Merited by fillippone (2)
 #30

Don't forget that Bitcoin is volatile meaning it can also depreciate. If you intend to go one with this initiative of yours then you probably should prepare the mind of those you want to enlighten about Bitcoin. If you decides to tell them only about how Bitcoin value can appreciate what then will happen when it starts depreciating and you and I know that those you have spoken with concerning Bitcoin are definitely going to tag you and Bitcoin as a scam.

All I'm trying to say Op is that what ever you do don't just tell people about the advantages /benefits of that thing alone try to also add the disadvantages/risk-involved to it, if they decide that they're cool with it then that's fine rather than them discovering it the hard way.

If you talk about the price, yes the bitcoin in theory can depreciate especially when it comes to Bear Market and long crypto winter like this. But in fact, if we look at the bigger picture Bitcoin price is against Inflation meaning is still good for the store of value.

But still they need to tell the Risk by using bitcoin or other crypto form since if we deposit to the bank the value remain same but when in form of bitcoin the value can be high or low.

The OP need to tell all the risk before ask other people join but the intention is good

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February 11, 2023, 01:42:41 AM
 #31

It is mostly easy to spread the word if a pastor or someone in the religious organization or church talks about bitcoin, but make sure that the risk is also mentioned because the way you treat bitcoin is like an investment with no risk involved. It doesn't mean that if you hold it, you will earn profit easily as it increases over time, but the truth is that there are a lot of ups and downs. Also, the purpose of spreading awareness of Bitcoin shouldn't only be about investment but also about transacting on it, like sending and receiving.
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February 11, 2023, 05:32:02 AM
 #32

Religion is such a sensitive issue that the use of religious leaders in promoting or creating awareness about volatile assets should be given a rethink. This stance, echoes that of the users on this platform. As someone who wants to promote bitcoin in your community, you should consider collaborating with local businesses to accept bitcoin as a form of payment. In the long run, it will help spread the word about the use of bitcoin in your community, thereby creating awareness about it. To add, you can organize events and workshops in your community that will educate people about Bitcoin. During this event, experts can be  invited to speak about the topic, and room can be given to the locals to ask questions and share their thoughts freely.

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February 11, 2023, 06:42:04 AM
 #33

I don't know if it is a good idea to spread bitcoins in churches or mosques because maybe there are some people who reject this idea on the grounds that churches or mosques are places of worship. Maybe it will be okay after they worship because they don't do other things. But if @OP thinks it's a good idea, he might as well try it while thinking of other ways to spread bitcoin in his neighborhood.

Providing an understanding that bitcoin is a type of investment that they can use to make a profit is a way that they can use to enlighten people who don't understand bitcoin so they don't think that bitcoin is a scam. But don't rush them to start investing and saving their money in bitcoin because bitcoin might be something new for them.

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February 11, 2023, 07:40:50 AM
 #34

Passing through the religious section might be effective a little bit, not only did I hear but I have seen so many people doing unthinkable things just because their religion leader instructed them to do so.
But before something like this can work it means those head of the religion has to be aware of what Bitcoin is and also know a little bit of how the process works, that way it will be more easier to convince the congregation to adopt Bitcoin.

Secondly Bitcoin is better than saving in a bank because it appreciate while it is been saved in our wallets and it is also an investment,

Don't forget that Bitcoin is volatile meaning it can also depreciate. If you intend to go one with this initiative of yours then you probably should prepare the mind of those you want to enlighten about Bitcoin. If you decides to tell them only about how Bitcoin value can appreciate what then will happen when it starts depreciating and you and I know that those you have spoken with concerning Bitcoin are definitely going to tag you and Bitcoin as a scam.

All I'm trying to say Op is that what ever you do don't just tell people about the advantages /benefits of that thing alone try to also add the disadvantages/risk-involved to it, if they decide that they're cool with it then that's fine rather than them discovering it the hard way.

Addin to this, publishing of Bitcoin to others you need to organise a seminar for them and enlighten them, educated them about bitcoin and how it been processed.
We all know try to educate others to invest in bitcoin you need to explain everything to anyone you are passing the information so as them to understand what you are try to inculcate into them.

While telling them about how it's profitable and how appreciative it can be of a help to them,you also need to make them know the advantage and disadvantage and risk that follows not only the profitable aspect of it,you and I know that in life anything that has advantage also has a disadvantage too.

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February 11, 2023, 08:26:17 AM
 #35

I don't know if it is a good idea to spread bitcoins in churches or mosques because maybe there are some people who reject this idea on the grounds that churches or mosques are places of worship. Maybe it will be okay after they worship because they don't do other things. But if @OP thinks it's a good idea, he might as well try it while thinking of other ways to spread bitcoin in his neighborhood.

Providing an understanding that bitcoin is a type of investment that they can use to make a profit is a way that they can use to enlighten people who don't understand bitcoin so they don't think that bitcoin is a scam. But don't rush them to start investing and saving their money in bitcoin because bitcoin might be something new for them.

I would disagree, I would vehemently oppose this idea. Church is a sacred place of worship where we find peace, we should not bring work and money into it to spread the word. After all, bitcoin is just money, a form of investment like forex or stock, there will be many people who need it but also many people who don't need it. If this spreads in the church, it will only cause controversy, division, not good for the church and religion.

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February 11, 2023, 08:55:28 AM
 #36

I would disagree, I would vehemently oppose this idea. Church is a sacred place of worship where we find peace, we should not bring work and money into it to spread the word. After all, bitcoin is just money, a form of investment like forex or stock, there will be many people who need it but also many people who don't need it. If this spreads in the church, it will only cause controversy, division, not good for the church and religion.

I just have a question for you; does Bitcoin in anyway contradict the teaching or doctrine of a church or mosque?
I don't see anything bad teaching the followers of a certain  religion about Bitcoin. And I have seen so many programs being organized in Churches and mosques that are not even related to what they were supposed to learn at churches or mosques.

You could organise a seminar at the end of every service so that those that are interested can attend and learn what is to be taught and I don't see this strategy affecting the church or mosque in any way.

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February 11, 2023, 09:46:18 AM
 #37

As much as I do understand how effective it is when a religious leader speaks, I find it odd when I hear from them that they're talking about bitcoin.
In the church where I am part of, I've heard two of the preachers speak about it and one is near the high authority and disagrees with bitcoin and really spoke about it as a scam. I was very sad upon hearing that because it's obvious that he needs more knowledge about bitcoin.
While the other one spoke about it as a sort of online payment method and didn't hear something negative about it. That's why if someone thinks of this idea, it's better to remain as an idea.

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February 11, 2023, 10:25:58 AM
 #38

I have read through each members thoughts, and suggestions regarding this ideas, I really appreciate, the religious leaders which am specifically referring to are those which are already aware of the currency Bitcoin, and they are not to advice there members on when to invest and when not to invest in Bitcoin but they are just letting them know of Bitcoin existence both advantages and disadvantages putting into consideration.  it's now left for the followers/members to decide wither or not the risk is worth taken
have seen a similar video on YouTube video
were Christian Religious leader was emphasizing about Bitcoin.
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February 11, 2023, 11:37:33 AM
 #39

There are so many ways Bitcoin can be promoted especially here in Nigeria and wold wide.
Firstly religious leaders play a very interesting roles in the life of people and are seen as role models and mentors some see them as a father figure, so what ever this set of people tell there followers that is what exactly they will all do.
With the numbers of churches and mosques that we have I know if Bitcoins is been enlightened to us through this regions then people will trust and believe in BTC, Bitcoin will surely go more far and spread wide with this ideas.
Secondly Bitcoin is better than saving in a bank because it appreciate while it is been saved in our wallets and it is also an investment, so many people complain from there day to day activities with the local banks of been debited without cause and reducing the expected savings this is not a good reputation and Bitcoin has solve this aspect of issues, with the security of wallets, hard ware and software wallets fraud is been reduced making both the old and the young to believe that they are saved from been scammed through BTC.

#Just my thoughts.
It will not work optimally if promotion is done through religious channels. I understand the point of your good thinking that is trying to share thoughts on how to promote Bitcoin widely, but there are many other paths we can take to do so.

Maybe in your country Bitcoin is acceptable and can be easily promoted, but there are countries that still limit crypto activities and there may even be countries that prohibit any type of activity.
Things like this must also be included in our minds when we try to think about the right method of promoting Bitcoin.

Religious leaders are better off focusing on activities that lead to human self-change for the better for themselves and for their country.
This is just my thinking too.

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February 11, 2023, 12:28:24 PM
 #40

I read through your lines and sincerely your ideas are really good on how you wish to promote Bitcoin in your locality,
Considering through the religious ways you mentioned,it will be of help to members of the religion that will have a thorough understanding of your teaching concerning Bitcoin.
 but my question is,

Are the people willing to learn about Bitcoin,

If they incure losses hope you won't be blamed for it,
(Because we all know how Bitcoin is, rising and falling of it rate)

Is Bitcoin accepted in the religious practice

Please ask yourself this question before engaging yourself in the teaching..

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