Introducing bitcoin to local communities/villagers

[serjent05]

I agree with some of the reply here.  Bitcoin trading isn't that easy.  One should learn how to transact with Bitcoin first before tackling topics about Bitcoin trading.  Bitcoin trading especially day trading is not that easy.  I would suggest that instead of telling them to trade Bitcoin, just tell them to hodl and DCA Bitcoin.  I think this is the right moment to accumulate Bitcoin.  They can pursue trading on the later times when they have fully grasped the Bitcoin market and its economy. 

By teaching them Bitcoin and encouraging them to invest and hodl BTC, it lessens the risk of loss because we all know, if Bitcoin repeats its history, people who DCA and accumulate Bitcoin this year will have a huge profit after 2 years when Bitcoin breaks its ATH.

[Pokapoka124]

You wrote a lot of words without actually saying anything. I honestly do not believe this story, just another newbie who thinks this is way to fish merits. The images show no indication that the gathering was for a bitcoin lecture or seminar. The environment is not even conducive for one. The so called “crypto gurus” you invited from the city should be more experienced and know how to manage seminars. I really think this was an attempt to fish merit, nothing more. If this story is true, I would be worried about what information was given to the villagers, I really hope they don’t get scammed.

[panganib999]

I applaud you for stepping up and realizing that there's more to this world than staying to your roots, as well as with helping your community with you introducing them to cryptocurrency and bitcoin. But OP I must confess, I am a little worried you might be putting bitcoin in a pedestal. There's risks involved in investing in bitcoin and I don't want you to become the village outcast or something when things don't go so well, especially considering we're still in a pretty tough situation right now courtesy of the bear market. I think you yourself should do more research moving forward before urging other people to your cause because what's crazier than a man that doesn't fight for anything is a man who does not know what he's fighting for. Invest in knowledge first, then invest in financial aspect later.

[Mr.right85]

I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store or value, which means the holder already has some money to invest in it and hedge against inflation.

I don't wish to write them off as well but merely looking at the uploaded images, you can tell that technology is far from these villagers as much as possible. Do they even have mobile phones or network to work therr phones if any in such places... Ain't no way there is any tech guy from the assembled population. If those were to be it, then the idea is very much defeated from my perspective.

Upgrade00 had a better idea and that is, some skill to help them earn there daily bread and perhaps some education and by that, I don't mean bitcoin education. That would help them more than for them to sink there life preserving funds in a highly volatile bitcoin market.

[Casdinyard]

I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store or value, which means the holder already has some money to invest in it and hedge against inflation.

I don't wish to write them off as well but merely looking at the uploaded images, you can tell that technology is far from these villagers as much as possible. Do they even have mobile phones or network to work therr phones if any in such places... Ain't no way there is any tech guy from the assembled population. If those were to be it, then the idea is very much defeated from my perspective.

Upgrade00 had a better idea and that is, some skill to help them earn there daily bread and perhaps some education and by that, I don't mean bitcoin education. That would help them more than for them to sink there life preserving funds in a highly volatile bitcoin market.

Reading OP's post I could concur that some of them bought android phones already. And I would agree with you man, I think we're not the only ones who see this as a little dangerous for OP considering bitcoin's tendency to drop in value drastically but I doubt he has any ways to stop it now without getting boos from his people, especially after setting up a really grand seminar to let his people know about bitcoin. No amount of saving face is going to cover it up for OP at this point, but then again it doesn't mean he should stop or what, just like what someone said here it's best if he informs himself first and foremost about the ins and outs of trading as well as the risks that is involved with practicing bitcoin trading.

[drwhobox]

I am not going to discourage your bold step but I think bitcoin/crypto trading is risky, especially for people who don't have proper education. I am not judging you or your friends from the village, but you guys seem to have little knowledge about crypto trading that's why you guys planned to involve these poor villagers in cryptocurrency trading.

Bitcoin trading needs proper education and good practices and effort to lose money. As you mentioned your villagers don't have enough money to invest.

[nurilham]

I hope you are ready to take full responsibility for all villages that will be enticed by your btc idea. Since they are poor and mostly uneducated the burden will fall on you to manage their investment for them and as you know in this space nothing is 100% guaranteed and there are several risks involved.
Villagers are already poor as it is, and losing the little money they don't have will be devastating for them. Your trying to find ways to alleviate the suffering of your people is outstanding but the idea of btc that is highly volatile is very risky. Hope this turned out well for all of you.

OP must realize the responsibility. He has a responsibility to the villagers, he shares knowledge and must remember the risk to the villagers. I am sure OP will always monitor the villagers until the villagers really know well about Bitcoin. If the villagers seem still have no sufficient knowledge about Bitcoin and crypto market, I assume OP will remind the villagers to not hurry to buy Bitcoin.

[Oceat]

I like your enthusiasm, OP but don't give them a false hope and don't carry all their weight. You have to teach them properly in order for them to understand on their own or else you will be the one to blame in the end. Become a master trader first before you introduce it to them or they will be the same just like you.

Having a network connection will help them to understand since all of the information that they needed is on the internet and it's free of course. Give them all the right links on where to read to understand what is the essence of having Bitcoin. But I'm sure not all them wanted to take part of owning a Bitcoin but at least give them all what they need.

[Godlovesyou]

Did you teach Bitcoin TRADING or Bitcoin TRANSACTING?  Big, big difference.  Before trading, how Bitcoin works and how to transact with Bitcoin is so much more important than risking the little you have with little to zero experience.

I know.  It is so much more appealing to the masses if Bitcoin gets them money.  How many truly care that Bitcoin makes them independent and banked in areas where people are unbanked?

But after all, the most important aspect of Bitcoin is that it gives free banking to the unbanked.  It can give you Privacy levels no Bank can.  It never censors any body unless they try to cheat the system.  Of course.  Not every body cares about all of that.  But Bitcoin is not for every body anyway.

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Regards,
PrivacyG

Just as stated earlier, our targets was for the youths to learn about BTC investment basically. The gathering you're seeing is not for professional teaching. That was our first time there, we only came to do introduction and briefly asked permission of parents to encouraged their children to learn about BTC investment. Since we came with visitors who know more about BTC, we ask both our parents to come and pay briefly attention on the preliminary aspects of what we will come to do next time. We are there for the youths but we needed the parents to give support to their children.

Because people misunderstood the whole concept from the beginning and start judging from there. No professional teaching was held only introduction of what we want to do. Thanks

[Zlantann]

I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store of value, which means the holder already has some money to invest in it and hedge against inflation.

Those locals should be learning skills they can use to earn a living without much capital. OP you can try partnering with some NGO to bring such training there and with time some can earn enough to be able to buy a few days and start building their stash.

I think it is partially waste of time because these villagers are more interested in survival. These youths need vocational and technical educationn to enable them to earn some income. Where do you expect an unemployed youth to get money to invest in bitcoin? From your teaching environment, I am not sure your targets or audience understood most of what you are explaining.

And it is glaring that you are introducing Bitcoin to them as a get-rich scheme because you are introducing it to them as an immediate source of income.  
But I am elated when I see people invest time and resources to promote or introduce bitcoin to people. At least some people have known the currency called Bitcoin. Good try OP.

[Rana590]

I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store of value, which means the holder already has some money to invest in it and hedge against inflation.

Those locals should be learning skills they can use to earn a living without much capital. OP you can try partnering with some NGO to bring such training there and with time some can earn enough to be able to buy a few days and start building their stash.

I think it is a waste of time because these villagers are only interested in survival. These youths need vocational and technical education to enable them to earn some income. Where do you expect an unemployed youth to get money to invest in bitcoin? From your teaching environment, I am not sure your targets or audience understood most of what you are explaining.

And it is glaring that you are introducing Bitcoin to them as a get-rich scheme because you are introducing it to them as an immediate source of income. 

Informing one about Bitcoin does not require investment. One can also gain knowledge about Bitcoin and Cryptocurrencies only which can be utilized later. Moreover, the price of Bitcoin was not so valuable in the beginning. Maybe a little expensive altcoin can change one's fortunes.

[bettercrypto]

I just want to ask this op, isn't the internet difficult in that place with a lot of people. Did they understand what was being said about bitcoin that op shared in this community.

     It's a bit crowded with people gathering there according to this picture. But all in all, I'm impressed with op's perseverance in what he did. I just hope they somehow understood what was being taught to them.

[Pokapoka124]

And it is glaring that you are introducing Bitcoin to them as a get-rich scheme because you are introducing it to them as an immediate source of income.  
But I am elated when I see people invest time and resources to promote or introduce bitcoin to people. At least some people have known the currency called Bitcoin. Good try OP.

That’s what I’m worried about. The approach to teaching bitcoin to newbies matters, especially when introducing the concept to people who are desperate to escape poverty. They will want to make an investment right away without taking time to verify what they are told because they want to be rich. I think OP should start with a smaller group, that way it will be easy to communicate and monitor their progress.

[serjent05]

I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store or value, which means the holder already has some money to invest in it and hedge against inflation.

I don't wish to write them off as well but merely looking at the uploaded images, you can tell that technology is far from these villagers as much as possible. Do they even have mobile phones or network to work therr phones if any in such places... Ain't no way there is any tech guy from the assembled population. If those were to be it, then the idea is very much defeated from my perspective.

Staring at the photos, you can see them using mobile phones (now I wonder if you click and look at the photos before replying in this thread  )  I believe there is an internet network in their place because they won't be able to teach how to create wallets and such if there is no internet. 

The seminar might be a bit unorganized but I believe @OP is honest in telling us that they conduct Bitcoin awareness seminar.  I do agree with the earlier reply that this is one way of fishing merit but, is there any other way to get merit without posting? 

[jaberwock]

Just as stated earlier, our targets was for the youths to learn about BTC investment basically. The gathering you're seeing is not for professional teaching. That was our first time there, we only came to do introduction and briefly asked permission of parents to encouraged their children to learn about BTC investment. Since we came with visitors who know more about BTC, we ask both our parents to come and pay briefly attention on the preliminary aspects of what we will come to do next time. We are there for the youths but we needed the parents to give support to their children.

Because people misunderstood the whole concept from the beginning and start judging from there. No professional teaching was held only introduction of what we want to do. Thanks

Investing in Bitcoin looks more appropriate for the younger people because it wasn't hard as trading but once they grow older and develop a good skill or knowledge in Bitcoin/crypto, that would be the time for them to upgrade and learn trading. You said your village is poor so it's okay if you don't have a proper place for teaching but it can still become professional.

What matters here is not the place but the quality of learning that the people there are going to achieved. On the pic, I can see that not only young people are there but there are adults too. They are only making sure that their kids are safe but it's a good way for them to learn Bitcoin as well if they don't know it yet.

[romero121]

Bitcoin awareness is done much on the African countries than other countries. Countries like Nigeria have got good level of cryptocurrency acceptance. Looking at the pictures, it looks like the people are eager to learn. People need to be educated in the right way, The success of anything comes from the bottom, when these people are able to make use of cryptocurrencies surely a big change can be experienced globally.

Small efforts from these people's is really appreciable and more people need to come forward and do the right way of teaching. Because there are more misleading happening around towards the ponzi and pyramid schemes.

[OcTradism]

Bitcoin awareness is done much on the African countries than other countries. Countries like Nigeria have got good level of cryptocurrency acceptance.

Because in that continent, people have difficulty with their access to banks and official financial systems as well as have difficulty to get job and earn good salary for their livelihoods. Therefore, Bitcoin and cryptocurrency are like an open gates for them to access a better world.

Underbanked

Looking at the pictures, it looks like the people are eager to learn.

I don't know what they were doing if I only look at those pictures.

People need to be educated in the right way, The success of anything comes from the bottom, when these people are able to make use of cryptocurrencies surely a big change can be experienced globally.

Education is key to change people lives and to change the world. With education, you become a different person and with well education, you won't be only become more knowledgeable but also will probably have better behaviors. It's good for local societies and the world as well.

[xSkylarx]

I am not sure what you've taught to them but can you show your notes or any kind of presentation so that other forum members can also try to improve it to learn more. But it is a good move by yours but it wont be sustainable for me , i think others also having hard time spending money to get a load to buy internet for their phone and also most of people there are struggling. It is really better to find like other solution than can brought them money that they can do physically. This is really the problem if what kind of things to be done as your government is not doing anything to provide more jobs

[Strongkored]

But since we have network, the standard of living is still the same. Though villagers start buying cell phones, android and all. I thought it wise to go and introduce bitcoin trading system to them, we were given the permission by village elders, we pay town cryer to go round the village and beats bell drum and passed the message for everyone to gather at the village square and the turn up was amazing, unexpected crowd because we invited some city friends who into crypto as gurus and villagers love to see people from city how they look like.

You say your village is poor, but when the internet can enter your village, the people there can buy Android phones, meaning they still have the ability or income.
The noble goal of building a village will boomerang for you if it is done without proper information and knowledge, trading is not as easy as you might think, namely buying cheap selling expensive, there are many things that can happen beyond our control.
With the income that the people in your village have it would be better invested or used for something more tangible than trading, I'm afraid you will be the one to be blamed if it turns out the trade doesn't go well and they lose a lot of money because of it.

[John Abraham]

Hi OP,
I am not sure where you are from. But, I assume you are from one of the African countries. Good to see you around. I appreciate your trying to teach them something that can change their lives. But, Make sure you don't ruin their life. You have to be careful when introducing them to new things like bitcoin. They are villagers, and they are innocent. They don't know how the internet is and how cruel it can be. They can fall into scams very easily. If you teach them something, teach them how to be safe from scams.

I won't recommend you teach them how to trade. Instead, if they want to invest or do something, teach them what Bitcoin is and how it works. Where to store their Bitcoin. Suggest some self-custodial wallets. If anyone decides to invest, Ask them to hold and never sell at a loss. Good luck.