How to explain bitcoin investment to someone.

[Dee_BlackdAddy]

I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.
To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.
Further more tell them how bitcoin work,how secured it is,bitcoin store of value,it network and many more,tell them that bitcoin can be use as an alternative to fiat currencies or as an investment that you can buy through crypto exchanges,tell them it provides service like peer-to-peer transfers on a digital network that records and secure all transactions,the network use a blockchain  an open source program that chain transaction histories to prevent manipulation.
With all this explanation I believe that the person we be convince and we be willing to give it a try.

[Josefjix]

It's not really idea to do all these to people except you'll be getting some commissions as well as referral bonus from there investment, me personally won't waste my time telling people to invest in Bitcoin for free.

If someone has more interest to cryptocurrency space and the technology fueling it, then the user can go extreme to do a lot of research on his own without you preaching to him.

Crypto is already transparent so it's there for everyone to take part, plug in and create something out of your own imagination.

[Dee_BlackdAddy]

It's not really idea to do all these to people except you'll be getting some commissions as well as referral bonus from there investment, me personally won't waste my time telling people to invest in Bitcoin for free.

If someone has more interest to cryptocurrency space and the technology fueling it, then the user can go extreme to do a lot of research on his own without you preaching to him.

Crypto is already transparent so it's there for everyone to take part, plug in and create something out of your own imagination.

I created this topic, because of  the feedback I got from someone today,he said a friend of his was advising him to invest in BTC that he we get high return and I said yes that's correct,and he answered saying just like that, is there no other things I should know about BTC,like how it works,how came about it,countries that have adopted it and many more,so after listening to all he said I came to understand that for the fact many people are not into investment they still have knowledge about it,and they have questions to ask which have to  be answered.
I believe you now see reason why I came up with this topic for us to  try and give more clarity when telling someone about investing in BTC.

[letteredhub]

All of those historical revelations doesn't matter if you wanna talk to someone about bitcoin. There are many projects out there with which people are making money with without having an idea of the project owners. All they showed was interest to learn and earn.

Finally, no need going the extra mile to convince someone on becoming interested in bitcoin. Maybe if you just as I them to do their own research after sharing a brief important ideas of what bitcoin is about and it's benefits and risk.

[Odogwu-Blockchain]

I created this topic, because of  the feedback I got from someone today,he said a friend of his was advising him to invest in BTC that he we get high return and I said yes that's correct,and he answered saying just like that, is there no other things I should know about BTC,like how it works,how came about it,countries that have adopted it and many more,so after listening to all he said I came to understand that for the fact many people are not into investment they still have knowledge about it,and they have questions to ask which have to  be answered.
I believe you now see reason why I came up with this topic for us to  try and give more clarity when telling someone about investing in BTC.

If you want make your friend sabi crypto, tell am to join airdrop group and start participating in different airdrops weda e pay or not, na the surest way to start crypto journey be that, airdrop go let you dey exposed to many kinds of projects, the kind of blockchain they are built under, e go teach am wetin be smart contracts and more. Him no go just read, but him go dey participate, clicking just to earn free coins, na so the knowledge dey take grow.

Me no believs in teaching someone this space, you go let them participate in one or two activities either with doing tasks to earn free coins or depositing real money to start practicing, it's up to the person., but e require you doing performing some tasks.

[Joymayfamilie]

I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.
To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.
Further more tell them how bitcoin work,how secured it is,bitcoin store of value,it network and many more,tell them that bitcoin can be use as an alternative to fiat currencies or as an investment that you can buy through crypto exchanges,tell them it provides service like peer-to-peer transfers on a digital network that records and secure all transactions,the network use a blockchain  an open source program that chain transaction histories to prevent manipulation.
With all this explanation I believe that the person we be convince and we be willing to give it a try.

  all this point you highlighted is not really necessary when explaining bitcoin to someone, because you are making it look as if investing in bitcoin is compulsory, why not allow them to carry out there own research I see things for themselves all you have to do is to introduce bitcoin to them that's all.
I remember back them when my friend told me about bitcoin she was making it look by force that I must invest in bitcoin or nothing which is really bad, allow people to take decisions by themselves and invest okay.

[Marykeller]

When em for d necessary to go in full details about Bitcoin investment to someone or group of people, go be when you are having a seminar with them. That's when you go go in full details to explain Bitcoin give them. But when your intentions na to tell them about Bitcoin investment, I don't see it as necessary act to begin explain Bitcoin in full details give them. Your focus should be letting them know about the basic knowledge of Bitcoin. What and what they should do or shouldn't do, to have a secure investment in Bitcoin. That would serve much better than impacting them with full knowledge of Bitcoin without telling them how to follow up with their Bitcoin investment, by not exposing their private keys(keeping it safe), investing with their spare money, not to leave their Bitcoin on exchange, not to tell anyone about the amount of Bitcoin they held, not click on unsolicited links, and so on.

[AYOBA]

all this point you highlighted is not really necessary when explaining bitcoin to someone, because you are making it look as if investing in bitcoin is compulsory, why not allow them to carry out there own research I see things for themselves all you have to do is to introduce bitcoin to them that's all.
I remember back them when my friend told me about bitcoin she was making it look by force that I must invest in bitcoin or nothing which is really bad, allow people to take decisions by themselves and invest okay.

When it comes to investment it’s very bad ideal to force a person to come and Join the Bitcoins investment even thought a person has you to introduce him just introduce either he/she and give the guidelines that’s all, but forcing a person to make an investment on his earlier knowledge is not good ideal what if this person lose?

Seriously as you said earlier allow people’s to take decisions by themselves is the matters so that what ever they face they can definitely bear with it, yours is just introduced and guidelines if is these that are wise enough they will go and make a concrete research by themselves to avoid fall in victim.

[CryptopreneurBrainboss]

To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.

What are you saying, are you trying to bored the person that you're introducing to Bitcoin. We're leaving in a time when people don't have time for too much explanation. Anything that the person needs is right there on the interest so giving him the basics is enough for him to invest or decide not to invest.

When the person get home, they can do further research. Don't try to convince anyone to invest in Bitcoin. Allow them to convince themselves and not you forcing it on anyone. Them no suppose tell person to do good thing wey go give am money. Bitcoin dey everywhere so why you go still need convince the person again abi una go share from the profits wey the person they make? Explaining in the simplest way is more better and less time consuming then all you're saying.

[Joy- maker]

I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.
To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.
Further more tell them how bitcoin work,how secured it is,bitcoin store of value,it network and many more,tell them that bitcoin can be use as an alternative to fiat currencies or as an investment that you can buy through crypto exchanges,tell them it provides service like peer-to-peer transfers on a digital network that records and secure all transactions,the network use a blockchain  an open source program that chain transaction histories to prevent manipulation.
With all this explanation I believe that the person we be convince and we be willing to give it a try.

this OP get wahala shall my brother all this  big big talk wey you highlight no dey necessary if you won tell person about bitcoin, just tell the person breaf talk about bitcoin make the person go do eh own research from there ehhh go know weather to invest or not to invest if ehh  need more explanation is go ask you no be you go start long talk with person wey you tell about bitcoin now jejeje you go carry talk not at once.

[Stable090]

I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.

If I wan introduce bitcoin to people, firstly I go tell them say dem fit make profits for bitcoin if dem hold for some time, or if dem Dey trade bitcoin, but risk wey Dey make we Dey trade high pass make we just buy and hold. Most people Dey always talk positive things about bitcoin, just to encourage people to invest in bitcoin, but they will never tell me people Dey can lose if dem invest in bitcoin, so plenty people wey Dey invest in bitcoin just get d believe say if dem put money for bitcoin, Dey go make money, and Dey no go ever lose, so if dem later lose money, Dey go come Dey disappointed, some go Dey call bitcoin scam, and na because dem no get proper orientation before investing.

[Princess Leah]

I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.

If I wan introduce bitcoin to people, firstly I go tell them say dem fit make profits for bitcoin if dem hold for some time, or if dem Dey trade bitcoin, but risk wey Dey make we Dey trade high pass make we just buy and hold. Most people Dey always talk positive things about bitcoin, just to encourage people to invest in bitcoin, but they will never tell me people Dey can lose if dem invest in bitcoin, so plenty people wey Dey invest in bitcoin just get d believe say if dem put money for bitcoin, Dey go make money, and Dey no go ever lose, so if dem later lose money, Dey go come Dey disappointed, some go Dey call bitcoin scam, and na because dem no get proper orientation before investing.

I understand your point cause as the level of inflation done too high, everybody they look for the way forward to get money survive since this current government no send anybody papa, anyways wetin people dey think about na something wey dey bring money sharp sharp that's why this period eh dey kind of easy to scam people cause no be only ignorance but desperation to make money done make several people to fall victim.

 Wetim i dey try yarn na be say if you start by telling people wetin dem go benefit inside first i believe say the bitcoiner go atract more people to pick interest concerning am. Anyways if i wam teach new people about Bitcoin na to first tell them wetin dey go benefit inside before i begin they talk about the right coin to investment on wey be Bitcoin then teach them how to go about am.

[White pawn]

How to explain Bitcoin investment to someone in my opinion you can start by first letting the person know what Bitcoin is all about.

What is Bitcoin, and be able to explain that Bitcoin is a digital currency that has been created in 2009 and that it is a decentralized currency that records all transactions.
Next you explain how Bitcoin works through verified networks .

And how can one invest in Bitcoin ,one can invest in Bitcoin through exchange, investing in funds etc,
Lastly why someone can invest in Bitcoin,yes  one can invest in Bitcoin because of the high returns it brings.
However when looking out for profit also look out for loss and risks.

Finally before embarking on investing in Bitcoin it's important you are very cautious to first conduct research before investing on Bitcoin.

[CryptoHeadlineNews]

I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.

This definition about Bitcoin is not bad, as it is a short and brief definition that can be said to any lay man who has literally no knowledge about what Bitcoin is, nor crypto. And it is left for the individual to further ask "What is Crypto?" And then you go about explaining more to him/her. Because truly, Bitcoin is indeed a cryptocurrency, an investment asset that can give you higher return when you invest and hold on for long term (i.e 5 to 10yrs). And not a regular investment plan whereby you can invest X amount of money today, and be expected 2X in either a week or months time. Since Bitcoin is volatile, and it's value can either rise or fall after investment. Hence, it's essential that while introducing anybody about Bitcoin, don't ever forget to tell them that it is a volatile decentralized asset whose price value can either rise or fall after investment. So that they won't disturb you if their $100 depreciate to $90 after 2days.

[Rruchi man]

With all this explanation I believe that the person we be convince and we be willing to give it a try.

You do not need to learn a way to pressure someone into trying to invest in Bitcoin or cryptocurrency because it has to be something they do from a place of willfulness. So I think it will be okay to ease up on trying to convince someone to invest cryptocurrency, especially when the person has another kind of investment, probably more physical, that they are more focused on. Instead of trying to convince someone, it is best to lure them to it, and how can that happen? It can happen when you consistently share your testimonies and the other testimony of people successful with investing in cryptocurrency and bitcoin with them and wait for it to do its magic.

[Jerrycrypto2024]

Op I do tell many that introducing person to Bitcoin or crypto don't need much grammar to convince friend or whoever you need introduce if you deem it necessary to introduce anyone, the evidence of Bitcoin found in you stimulate your friend and gives him sleepless night to learn without you forcing him as he will be curious to know what is all about that is sustaining your investment and keeping you safe in the inflationary system of the nation. Despite Bitcoin been assets that generates greater return with long time holding those that has been in the system for long has evidence that they don't speak to convince.

[Proty]

It's not really idea to do all these to people except you'll be getting some commissions as well as referral bonus from there investment, me personally won't waste my time telling people to invest in Bitcoin for free.

If someone has more interest to cryptocurrency space and the technology fueling it, then the user can go extreme to do a lot of research on his own without you preaching to him.

Crypto is already transparent so it's there for everyone to take part, plug in and create something out of your own imagination.

I created this topic, because of  the feedback I got from someone today,he said a friend of his was advising him to invest in BTC that he we get high return and I said yes that's correct,and he answered saying just like that, is there no other things I should know about BTC,like how it works,how came about it,countries that have adopted it and many more,so after listening to all he said I came to understand that for the fact many people are not into investment they still have knowledge about it,and they have questions to ask which have to  be answered.
I believe you now see reason why I came up with this topic for us to  try and give more clarity when telling someone about investing in BTC.

There are basic things one needs to know about bitcoin investment which I think it will be necessary you tell them about it, such as what bitcoin is, where can to get bitcoin and where to store it and the risk involved in investing in bitcoin. So aside this basic information I don't think others information is necessary. His friend needs to do more explaining because you can't just tell someone to invest in bitcoin and expect to get high returns, how you need to explain to the person what you mean by that because that statement is very confusing and lacks clarity. Investing in bitcoin and start expecting high returns is it in a month's time or year, so that needs more detail explanations.

[Dzwaafu11]

Among all the things you mention, there is something you did not add up to what they should tell someone who wants to know about bitcoin. Firstly, after telling people the history of bitcoin already, I know you are trying to tell them so they can be convinced and invest in it. But why did you not include the risk of bitcoin investment in it? Obviously, you are still yet to complete the task you are supposed to do. However, you don’t just explain to someone you will still teach them how to invest; that is telling the risk and how it works.

[Moreno233]

It's not really idea to do all these to people except you'll be getting some commissions as well as referral bonus from there investment, me personally won't waste my time telling people to invest in Bitcoin for free.

If someone has more interest to cryptocurrency space and the technology fueling it, then the user can go extreme to do a lot of research on his own without you preaching to him.

Crypto is already transparent so it's there for everyone to take part, plug in and create something out of your own imagination.

I don't know why you called sharing the knowledge of Bitcoin a waste of time? If I may ask, how did you learn about Bitcoin and this forum? Through someone or you just stumbled upon the website? If it is through someone, did you pay for such information? As must as necessary, we have to keep telling people about Bitcoin as that is the only way more people will become aware and we achieve main stream adoption when more use cases are also discovered for Bitcoin.

[Samlucky O]

I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.
To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.
Further more tell them how bitcoin work,how secured it is,bitcoin store of value,it network and many more,tell them that bitcoin can be use as an alternative to fiat currencies or as an investment that you can buy through crypto exchanges,tell them it provides service like peer-to-peer transfers on a digital network that records and secure all transactions,the network use a blockchain  an open source program that chain transaction histories to prevent manipulation.
With all this explanation I believe that the person we be convince and we be willing to give it a try.

What if I tell you that you might even explain all this things and yet an unserious person may not still invest even as you have explained the whole important of investing in Bitcoin. But however the right approach should  be used to educate people about Bitcoin to avoid misinformation. Because many people are slow in terms of investment simple because they didn't get the proper information they needed. But was just given a tips that once you have Bitcoin you are rich and it creates a negative impression.