yhiaali3
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July 30, 2023, 02:22:02 AM |
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This is the strangest attempt to explain Bitcoin that I have heard in my life. Believe me, you are making things more complicated with this explanation instead of simplifying them. I appreciate your effort but it will not be easy to understand even for those who know about bitcoin.
Perhaps you care about the metaphorical language so you are trying to analogy (money is water and btc is the cup that contains all assets) as you mentioned, but why all this detour and complicated example to explain bitcoin? I think bitcoin can be explained to people in a much simpler way.
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xSkylarx
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July 30, 2023, 02:30:56 AM |
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If explaining this to a new person is confusing and not easy to understand, it is better to explain it in a normal way, read an article online,or watch videos, even the one that explains Bitcoin in animation or cartoon form, as it really explains it well and anyone can understand it. Also, most people now prefer to watch videos online to learn things, so it's better to give good links to the person rather than have that kind of analogy.
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Stella Mese
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July 30, 2023, 02:38:39 AM |
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actually I don't understand what you mean, but basically you explained that btc is a tool for making money, but in my opinion it's not easy to explain what btc is in detail, but I think you can read and study what mk4 posted to learn about btc .
but what I know is that btc is a digital currency created by Satoshi Nakamoto, and many also make btc an investment asset.
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Iranus
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July 30, 2023, 02:42:30 AM |
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I appreciate your efforts but I don't even understand what you are talking about. You don't have to complicate things, if you want to recommend bitcoin to everyone you just get straight to the point. If you want people to understand its decentralized nature, compare it to fiat money, if you want to talk about its upside potential, compare it to gold and other investments.
For people to really understand everything about bitcoin, we can't explain it all in words. Instead, give them videos to give them a better overview and we'll explain the rest of the questions if they don't understand in the process of learning bitcoin. Don't make it difficult for yourself, keep things simple.
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Fivestar4everMVP
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July 30, 2023, 03:04:15 AM |
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I think OP is trying to analyze or bring up a really interesting analogy, but unfortunately, his inability or in-access to proper English and use of punctuations as it is supposed to failed him, and caused his analogy to make absolutely no sense, at least, to me.
Bitcoin is money as we all know, a decentralized money, a money like no other, how it relates to being a cup, or even a bigger cup, while altcoins are the smaller cup, I don't know, and how raining means bitcoin I also don't know, but what do know is that, Bitcoin is Bitcoin, and it is a decentralized money, money you can spend or hold at will, no banks or entities tell you or dictate to you how to spend your bitcoin, it is always up to you, that is what i call financial freedom, even though some refer financial freedom to being rich or wealthy.
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jeraldskie11
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July 30, 2023, 03:16:27 AM |
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I think it's not good to explain people like this. We know that people have different level of learning capabilities and that's we should think for before we speak. We all know that even how much we tried to convince people with our best, we can't assure that they will get into Bitcoin but the art of teaching is really helpful for those who are interested to Bitcoin. We shouldn't waste those people who are interested to Bitcoin and we should grab it if there's an opportunity. Not only them will benefit Bitcoin but we as well.
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virasog
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July 30, 2023, 04:24:00 AM |
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Btc is cup money is liquid the water and Banks are from the word like a River bank. So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money. If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
For a moment think that the other person do not know anything about Bitcoin and giving such examples will further confuse him. To start with, you should tell that Bitcoin is digital money and try to compare it with paper money. This way the person may understand quickly and may not remain in the puzzle. After giving some introduction of Bitcoin, you can give him some basic Bitcoin videos or article links and if he/she will be keen to know more about it, they will definitely study about it.
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Blitzboy
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July 30, 2023, 06:46:51 AM |
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we could see bitcoin as a unique type of "cup" with an expandable capacity, due to its unique deflationary aspect and capped supply.
However, likening smaller coins to smaller cups might be a simplistic view. While smaller cryptocurrencies do have smaller market caps, their potential for growth can sometimes outperform bitcoin. So, they might be smaller "cups," but they can hold a significant amount of "rain" too.
And yes, "selling BTC early" could be seen as "emptying your cup" prematurely. Still, smart investors often have multiple "cups," diversified across different assets. This way, they can "collect rain" across various weather conditions!
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Patrol69
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July 30, 2023, 06:57:41 AM |
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The longer a person invests in Bitcoin, the more likely he or she will make a profit. Long-term investment requires patience. If I buy bitcoins and sell bitcoins within a few days, then I will never know how much I gained by buying bitcoins. We should hold Bitcoin for a long time because of the potential. Because so far most of those who have held Bitcoin for a long time have made a big profit from their investment. As you have given the example of just filling the cup with rainwater during rain and not emptying the cup. In other words, you understand the opportunity here to buy only bitcoins and hold them for a long time. If we plan long-term with Bitcoin, we can certainly earn more from Bitcoin than we expect.
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kryptqnick
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July 30, 2023, 11:00:12 AM |
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It's a very peculiar metaphor the op got there, and I think it's inaccurate. Bitcoin isn't a cup, it's a liquid. It can be transferred to others like a liquid, and it can become thicker and thinner (volatility). Banks are like bottle management factories that take the water, put it into the bottles, sometimes send the bottles elsewhere, approve transfers from one bottle to another. And with Bitcoin, you can have your own cup (non-custodial wallet) and choose to pour your liquid into another cup without needing to go through a factory that approves liquid transfers.
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BRINIRHA
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July 30, 2023, 12:29:56 PM |
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I can understand some and some of these words I do not understand. The point is this analogy is quite difficult to digest. And maybe something is missing from there. But I like your effort on this. I prefer to think that money is water without limits (it can be printed without borders/oceans and rivers), whereas BTC is like the water of life which is only in the only pool in the world. the water is limited and cannot be reproduced but it can be broken down. because this water is limited, the more people who want to have it, the more valuable the value of this water. In the past, people sold a bucket of this water for 1 dollar and now people sell a bucket for around 30 thousand dollars. Ah never mind I'm not good at analogies and stringing words. i just tried it for fun and following your OP. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I don't want to make things difficult. So it's better for me to guide people who need bitcoin explanation on one of the good topics which is also one of my favorite topics made by fillippone. ~ 5 Resources to teach Average Joe about Bitcoin~
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usekevin
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July 30, 2023, 12:49:17 PM |
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It’s better to explain the new people about the bitcoin in this forum.You can explain simple to made other to understand properly,because sometimes your words will be lesson to the new people into the crypto currency.The bitcoin was created to replace the bank,but due to some of the government still made it illegal.The bitcoin struggle to become a bank,but bitcoin now was used as asset to hold people money like the stocks.When the cup was empty,your life will be empty.It’s very essential one to hold their crypto currency after they brought from saving.
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Nrcewker
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July 30, 2023, 12:52:31 PM |
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This is the most ridiculous way of explaining about Bitcoins, I have witnessed today. Literally nothing was understood except the cups and selling part. Nevertheless OP you tried and we all appreciate it. But if you want to make a person understand about Bitcoins, then you can easily do it. Tell him, Bitcoins are digital asset or belongings, that a person buys and owns. Now if he wants, he can sell these digital coins and get back the money. And everytime the price of Bitcoins keeps on fluctuating. So buy it when price is down, and sell when price is up. Simple way to understand why Bitcoins and How Bitcoins.
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Bananington
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July 30, 2023, 12:53:49 PM |
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Btc is cup money is liquid the water and Banks are from the word like a River bank. So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money. If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
Your explanation is not nice for everyone and will be too rookie for some people. If you must talk about bitcoins to someone, Observe the kind of person the person is, so you know the best way to explain bitcoins to them. If you give the explanation that is childish to someone who is mature, they will not be interested, so you always need to understand the exposure of the person you are talking to so you know the best approach for them. To some people, simply referring them to read a book, watch a video or to join this forum is enough for them.
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Essential10
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July 30, 2023, 04:10:09 PM |
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Btc is cup money is liquid the water and Banks are from the word like a River bank. So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money. If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
The most difficult task in the world is to understand the mind of girls. Just like your post is like understanding the mind of girls. However you tried to explain Bitcoin from your own point of view. Cash crops are the most valuable asset for a country in modern civilization. Bitcoin is like a cash crop out there. Countries that export cash crops earn huge amounts of foreign exchange, so you can be on the verge of success by investing in Bitcoin.
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Wend
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July 30, 2023, 11:33:46 PM |
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Btc is cup money is liquid the water and Banks are from the word like a River bank. So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money. If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
I am a long time bitcoin investor although I am not very good, but I still have the basics. But honestly, reading your explanation of bitcoin, I really don't know what you're talking about. Hey mate, you don't have to use metaphors and complicate things. You just need to explain in the simplest way it is money, it is an investment that can bring high returns. That's enough, if the listener is interested in that, then let's continue the story by comparing bitcoin to fiat, as the two are completely opposite. They will have a better grasp of everything about bitcoin.
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Asuspawer09
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July 30, 2023, 11:49:24 PM |
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Btc is cup money is liquid the water and Banks are from the word like a River bank. So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money. If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
I mean in my opinion it wasn't a great thing to teach Bitcoin to someone that wasn't really interested, the only best way to learn Bitcoin is to learn Bitcoin on their own and have their own interpretation of it, and there are going to get that if they already have knowledge on there own and experience it already. I've heard a lot of stories where they tried to teach Bitcoin to their friends and it wasn't really effective, and some are just going to blame you because they lose money on their investment in cryptocurrency. This was all a pretty normal thing that is going to happen if you just encourage them and they are not really interested in it they are just interested in the profit. The thing is you just need to explain the basics something like here is Bitcoin, it's a digital currency blah blah, and then say something like try to take a look at it and see if you're going to like it. Because in the end if they really wanted to invest on go into Bitcoin and cryptocurrency they need to do it on there own anyway.
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ancafe
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July 31, 2023, 01:42:33 AM |
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You try to compare bitcoin with an analogy and it won't answer people's doubts about bitcoin for some of them who don't know anything at all. Someone who doesn't understand what bitcoin is wants to hear a much more scientific explanation because when they are involved in it they need money. To make sure what bitcoin is is not as easy as it sounds because people need a detailed explanation of the travel process or how to use it properly.
Learn the basics and provide an understanding of the technical stuff to those you want to teach and also tell them the risks, though there is no reason why we need to teach bitcoin to others and if you want to then do so.
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Sim_card
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July 31, 2023, 03:28:17 AM |
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~Snip~
Sounds complicated to my understanding, OP please next time try to make your sentence simply and don't speak with words that one will find difficult to get your information. Bitcoin is a volatile asset with great potential which most bitcoiners have seen the difference of bitcoin from fiat currency. Bitcoin was created to be an alternative payment method and not just an investment. For you to make profit you must see bitcoin as a digital gold that is more precious to keep it than selling it because of the little increase in price. The longer you hodli,the higher chance you have of making good profit.
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Don Pedro Dinero
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The first decentralized crypto betting platform
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July 31, 2023, 03:37:05 AM |
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This is the strangest attempt to explain Bitcoin that I have heard in my life. Believe me, you are making things more complicated with this explanation instead of simplifying them. I appreciate your effort but it will not be easy to understand even for those who know about bitcoin.
Indeed. Wouldn't it be easier to simply say that bitcoin is a digital currency that was created to be able to make transactions without having to rely on a central authority? Something like that, and from here we could expand on the role of miners and nodes. But the metaphorical form does not help to understand anything in my opinion.
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