How to explain bitcoin investment to someone.

[Derekfunds]

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.

Well Bitcoin na very good asset where you fit invest and and hold am for years and the risk wey dey for Bitcoin investment no too much like any other investment and nothing concern you with people wey adopt and people wey first use am and how come about Bitcoin I mean this questions are not really necessary because person fit browse or goggle them on their own why not just ask how you can accumulate, the best strategy to use, what and what to set up in other to have a good running investment.

[Bigjoe33]

Firstly, I don't even support a bitcoiner starting up the Bitcoin talk or investment to someone without interest for Bitcoin. Yea, this is because the person may see it as some sort of joke or scam. It should be that the person has heard about Bitcoin, seen results of how Bitcoin has bettered the lives of people, it's benefits and the great potential wealth involved in Bitcoin investment in the future, and such a person is asking questions to know about it, how it works, it's risk and how best to go about it to ensure success, then one can explain things out to the newbie who really wants to know.

Remember that lots of information can be googled, so, while explaining, only important informations are giving because that inquisitive mind must have done some research too earlier to learn. So informations like how to get started, like investing, how to accumulate and hold with future mindset, basic things to download and set up etc should be explained and the person guided to know all this. Once this is done, I think the person's Bitcoin journey starts. At this point, the person's interest will drive the person to want to learn and know more t success greatly

[Jessie2121]

Every novice go always see this thing as wayo becos na something wey involve money wey you no go see understand or the person wey you dey give the money to start am up for you, Nai make many people go always chose akawo over Bitcoin investment even if them dey carry money people money run, for me before you go convince person to join Bitcoin investment you go need show plenty proof abi evidence say na real and you go also ready to preach like pastor wey need members, e no fit easy to explain to people wey no get the idea of how the crypto space dey work.

[Egii Nna]

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.

You gave a brief process on how to explain bitcoin to someone that knows nothing about bitcoin, but one thing you need to understand is that no matter what, you are not expected to convince a person to invest in bitcoin because he might end up not investing because he might feel you are trying to scam him of his money.

That is why if you really want to introduce a person to bitcoin, you will have to explain both the positive and the negative parts of bitcoin to them so that they will know the risk that they are trying to go into, which will depend on their choice to invest or not, but when you focus on telling them about the positive aspect, you will buy their interest in investing, but what happens after the investment?  Dumping, and they will definitely hold you responsible for their loss because you fail to tell them everything because you want to convince them to invest.

So please take note that it is not encouraging to convince or persuade a person to invest in bitcoin. Investment deals with the wishes and interests of the investors. That is why it is encouraged to invest what you can afford to lose.

[Obim34]

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.

Coming up with the whole tutor line is invalid, you don't convince just have a light discussion and that's all is needed.

Bitcoin is not always the redeemer out of poverty, so don't go about preaching lies and spreading information's, as a newbie he shouldn't be loaded with too much information, if i were you i would focus on the disadvantage of investing in Bitcoin before going about explaining more about the benefits cause a fresh mind is easily as corruptible.

Especially for this Nigeria, majority of people no go even pay attention if you no tell them about Bitcoin as investment, time like this wey eye dey shine for money and profits, the long story sef go just pass one side of their hearing out from the others, so just mart time dey respond to anyone wey dey delighted to know about Bitcoin, no persuade anybody coz the repercussion fit no funny.

[nelson4lov]

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. .

Imo, the goal isn't about onboarding them to invest in Bitcoin. It's to make them become aware of and knowledgeable about Bitcoin and how it's revolutionizing the world. So yes, it doesn't matter if they invest or not as long as they get the correct information about Bitcoin.

Loved what you said in the second part. The investment and gains that comes with Bitcoin is secondary.

Today, we can send and receive money from any part of the world without seeking approval of any banking institution. That itself is the biggest flex.

[laijsica]

Researching about Bitcoin will make you more knowledgeable and more tempted to invest. If you are interested in those investors, then their success stories. Every point of research that you mentioned is something that an investor should study before investing so that they have a proper understanding of the market. I would recommend learning about those successful people who have saved/accumulation Bitcoin in general and made huge profits by holding it.

https://www.cointree.com/learn/bitcoin-success-stories/

[AmaGold70]

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.

I honestly do not have the time and energy to explain everything to anyone down to the founder of cryptocurrency, an unserious person will still not get it no matter how much you explain to them. I think telling them about the basics is enough, I even got to know about the founder's name here in the forum by myself. I was given the basic information and I researched about it by myself. Explaining everything about Bitcoin to someone you want to invest in it is a big No to me because they may think you want to scam them, I can only tell them about the basic information and if they are serious about it they will take it up from there, curiosity makes Bitcoin teaching fun and I personally don't tell anyone the name of the founder, i let them do their homework and get back to me.

[Out of mind]

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.

Sharing knowledge about Bitcoin is not a waste of time at all, but it should be done with our interest so that a person can trust Bitcoin. Everyone has learned about it in detail through the forum, so we will also try hard to tell others about it and they will come and practice their knowledge here. We should introduce Bitcoin to as many people as possible and so that people can benefit more from it. The way we see Bitcoin customers every day, it is certainly a trustworthy coin among people, in that case, if we want, we can discuss Bitcoin with people in our area or neighborhood, this will be a positive example.

[Cityhunter34]

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.

You are absolutely correct that is the real truth about it, because I don't see any reason of putting pressure on someone that doesn't have any interest to invest in Bitcoin. Bitcoin investment is supposed to a personal decision not something to just force someone into it, because it required time and patience for you to be able to get profits from it. So however, just like as you have mentioned I think the best way is to just tell them about your achievement and also for others so that let them make decisions on their own.

[Lembo69]

Everyone knows more or less about Bitcoin. Most of the people on the Kipto platform invest in Bitcoin. But if you want, you can do it elsewhere, because Bitcoin has ethics, people invest here, before investing in Bitcoin, you only need to keep one thing in mind, you will keep it for a long time, many investors have already succeeded by investing in Bitcoin, and if you try, you can also be, so present as much as possible about Bitcoin, so that no one invests elsewhere and gets disappointed.

[Shadiq]

Everyone knows more or less about Bitcoin.

Who are you referring to when you say "everyone"? There are still many groups who haven't even heard of Bitcoin. If everyone knew about Bitcoin, then why hasn't it spread everywhere yet?

Most of the people on the Kipto platform invest in Bitcoin. But if you want, you can do it elsewhere, because Bitcoin has ethics, people invest here, before investing in Bitcoin, you only need to keep one thing in mind, you will keep it for a long time, many investors have already succeeded by investing in Bitcoin, and if you try, you can also be, so present as much as possible about Bitcoin, so that no one invests elsewhere and gets disappointed.

Yes, most of the crypto platforms are into Bitcoin but it is difficult for me to say whether they are investing or trading. I would advise a crypto investor to keep maximum Bitcoin in his stash. I do not consider crypto investment as a crime. But a crypto investor is always at risk where the fear of losing his money always haunts him. You can sleep peacefully in long-term Bitcoin investment. Because the chances of losing are very low here.

[Nheer]

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.

Explanation defers from individuals and not everyone can explain clearly for others to understand even though they know alot about what they want to explain they just can’t get themselves to explain better.

We are at a time where we don’t have to always wait for others to explain things to us to understand them better, we have the internet to our disposal now and everything we need is there so we shouldn’t always wait for detailed explanations we can get more information on our own by just searching the internet.

Investing in bitcoin is the benefit of the person and if they don’t have interest in investing I don’t think there is any reason to try to convince them to invest. If they show interest then I think it is okay to tell them what you can about it and refer them to read more and research more about it their own. Thats the way to know how serious they are interested in learning about it.

[Y3shot]

Well, it is so good for a beginner to know the grassroot of bitcoin not only just about the the profitable aspect of bitcoin.  The reason why some people have failed in their bitcoin investment is because they were not properly introduced to Bitcoin, they never had a better understanding of the volatility of bitcoin, all what they thought of bitcoin it can give profit so fast and they invest with so much money expecting profit so quick and they also came across volatility and it was so difficult to handle. When introducing bitcoin to people in details is a good start for bitcoin journey.

[Josefjix]

Well, it is so good for a beginner to know the grassroot of bitcoin not only just about the the profitable aspect of bitcoin.  The reason why some people have failed in their bitcoin investment is because they were not properly introduced to Bitcoin, they never had a better understanding of the volatility of bitcoin, all what they thought of bitcoin it can give profit so fast and they invest with so much money expecting profit so quick and they also came across volatility and it was so difficult to handle. When introducing bitcoin to people in details is a good start for bitcoin journey.

Na the problem many people especially Nigerians get, we think Bitcoin na only for investment and profits, other than that nothing else, we think say as you put money inside, you don blow, but e no dey like that. It's more than what Naija people dey think, them no reason about the impact of crypto as a means of cross border transactions, store of values, anti fraudulent system, a decentralized institutions solving the problem banks create, these and more and more.

Once you view Bitcoin this way, things will shift in your favor, you'll value what ever quantity of Bitcoin you have in your wallet, these are what you'll tell people so they wouldn't bother about their profits here and there.

[Makus]

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.

Normally bitcoin na investment wey dey bring high return when you invest in am for long term but the only problem na besay, people dey fail to tell others say bitcoin no be get rich quick scheme. U no go fit just put money come dey expect am to rise in less than a day na abah. Bitcoin no be gamble and as I dey so, I no advise anybody to do trading for bitcoin because volatility always dey there to draw you down or correct your mistakes with moneys that is, you go loss for the matter. When una dey explain bitcoin  try tell the person about how person fit loss em coin if e dey careless with storing em seed phrase then at the end of all the disadvantages then start to burst em bubble with the advantage wey e no go fit see for anywhere else make em mind dey.

[HajiBagi]

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.

You are right about this but for me I don't see anything wrong from telling someone that if he or she invest in Bitcoin there is a profit, on a norms everybody invest in Bitcoin because of profit, make we know lie give ourselves if not because of profit nobody go invest in Bitcoin, I just dey talk base on my experience, I know it is very important to tell people what Bitcoin is and how it nature but the main way to convince some people is by telling them about the profit, moreover is not a lie that if you invest in Bitcoin you can get double of what you invest.


Some people will find it difficult to understand if you don't tell them about how Bitcoin can change people life, when you are introducing Bitcoin to someone you should explain everything, both negative and positive side of it so that they can decide what is good for them, introducing Bitcoin to someone to me is not the problem because I will explain everything and if the person understand it the person will choose if he or she will invest or not.

[sotelorene]

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.

To be honest with you these your story is too plenty and trust me some people will be exhausted and tired to some point because of how long the story be... Me wey no dey like too much talk talk and story I fit dey bored to some point and this kind of long story no be something you go tell person at once you go dey try keep am for suspense so that e go dey look interesting and this long story na only novice ( person wey no even no anything about cryptocurrency) you go tell all this plenty story oo because person wey no be novice no need all these too much story.

[Zanab247]

There are some people u will explain BTC investment to, dey will not show any interest in BTC investment because dey don't have the capital to invest in BTC because the investment requires money, which is a big risk to some new investors. There is no how u will understand how this BTC investment work  in the industry u will not like to save money that will reach u to invest in BTC because there is a bright future ahead of those that will invest in BTC in the due time to get a good reward from their waiting.

I don't explain BTC to people anymore, see my results will make u to learn BTC wen I tell u that BTC is my source of wealth,  because u will like to be richer than me wen u involve in BTC investment.

[RockBell]

You are absolutely correct that is the real truth about it, because I don't see any reason of putting pressure on someone that doesn't have any interest to invest in Bitcoin. Bitcoin investment is supposed to a personal decision not something to just force someone into it, because it required time and patience for you to be able to get profits from it. So however, just like as you have mentioned I think the best way is to just tell them about your achievement and also for others so that let them make decisions on their own.

If the person is interested they will make there intention known and when it comes to that I will tell them to go and make there own research so that they get the whole thing and conclude if its something that they will be able to do and there is enough reasons why you don't force things on people because if anything should go wrong you will be the one to be blamed and they will not know that you are trying to do them a favor.

You don't even need to tell them about your achievement they will see with there own eyes then they will pick interest that way they will be able to just do there own research and maybe ask for coaching but some might prefer self learning, but only few people will do self learning it's more stressful and time consuming. But with a coach makes it more easy.