How to explain bitcoin investment to someone.

[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.

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.

Brother that story no plenty na, na just 9 lines wey op write naim you say many? When I been still dey member rank some of my post sef dey long pass like this based on the kind of information wey e carry. Besides this na newbies so e gats learn how to make quality post with not just few lines post but with bulky ones too. Though I understand your point but just leave am make e dey do em things as e be say na newbie when e don dey go far only him go understand how to make short post with eye catching quality. Some kind people sef e no get how you wan explain bitcoin to dem wey dem go hear, all their mind don already dey discouraged and fear, all those type na to just leave them make e no be like say you dey force dem because that kind of matter even if na them do the mistake dem go put am for your head.

[Lida93]

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.

That's how it should be, after telling people what you can be able to tell them about bitcoin the next thing which will save you from entertaining some unnecessary blames is by asking the persons to go do their own research about bitcoin and get back to you what they think about it. You could even give them some areas to research about which should be knowledge every newbies investor should be exposed to before deciding for himself on getting into the journey.

[Stormisover]

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.

Investment decisions should be based personal and not to be convinced about, convincing someone might look more like you have your own personal reasons for conviction them ,  if we can talk to people about the idea and existence of Bitcoin as a digital coin, asset and the technology beyond it, the risk debasement without over flogging it, they will the other necessary information by themselves and that's is all based on their choice. Humans nature can be very judgemental so we should be much careful on how to interact with others.

[Man of peace]

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.

You made a very good point here my OP,every beginners needs a proper introduction or explanation about Bitcoin so that he or she will not get lost in the middle of the road, because when you are introducing something to someone and you did not start it from the beginning and you jumped some parts it will be very difficult for him or her to understand your point or what you're talking about..

So it's better not to introduce someone into Bitcoin if you you know you will not finish all the explanation ,the advantage and disadvantage attached to it,the meaning and how it works all the necessary points about bitcoin that will help the person to grow up quick and become perfect like you..

[ruykeri]

Investment decisions should be based personal and not to be convinced about, convincing someone might look more like you have your own personal reasons for conviction them ,  if we can talk to people about the idea and existence of Bitcoin as a digital coin, asset and the technology beyond it, the risk debasement without over flogging it, they will the other necessary information by themselves and that's is all based on their choice. Humans nature can be very judgemental so we should be much careful on how to interact with others.

You are right. If someone is really interested, then he can be given an idea about  bitcoin. If someone is not interested, I do not think there is any need to tell him about Bitcoin. And before telling someone about investing in Bitcoin, it is necessary to first give an idea about the types of risks involved here. He can invest cautiously in advance. If he does not have the ability to take risks, he will understand that it is not appropriate for him to invest in a volatile asset like Bitcoin. If these things are not made clear to him in advance, he will blame you if he suffers any loss after investing. Therefore, if someone wants to understand about Bitcoin, you should be a little careful.

[Jubilee58]

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.

You are actually right, person wey want invest for bitcoin, basic knowledge and information don dey enough, den the person go carry on from their. Even in the university, lecturers don't teach everything, most times, they only introduce a topic to the class , on your own , you go and make your own research and read further. Person wey no want invest for bitcoin, no bi plenty explanation go make am invest. Bitcoin don  come out for long and for dis digital age wey we de, dem dey advertise bitcoin everywhere including online platforms and many young people are aware of it, so basic knowledge is enough for a bigginer to kickstart his or her bitcoin journey or investment.

[Jaycoinz]

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.

Lol 😂 the story really long ni, I no go lie

But anyhow Sha people go still get the message just that many of us especially ones wey sabi fear to read plenty talk talk and the worse part sometimes with all this type of write up dem sef e fit be say watin the person sef dey talk na absolutely totally rubbish and that's why people no really like to dey waist time for much write up.

As for anything concerning telling someone about Bitcoin investments make you better let the person know the downside of how flexible this shit is before Dem carry blame come put am back for your head.