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.

[ProsperBTC001]

E get  one of my friend wey dey invest on Bitcoin and he don make profit from am, den me self never know so I con ask am how he dey make money and he say na through Bitcoin investment so I con tell am to explain how e dey work so he con tell me say Bitcoin be like in own company like e don dey on in own existence, no body dey control am and say in security dey very very tight, say I fit  save & invest for there and I go get profit he say e go really better my life. Since I no dey into the system well he advice me to invest with small money first keep am for long-term then try dey patient small bcos Bitcoin dey go up and down so that I no go too lose, E really work for  me and from there na so I take understand how Bitcoin take dey work I con dey browse about am too.

[Pablo-wood]

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.

You guys haven't meet with people who loves to apportion blames. It is best to start with the research aspect and emphasize on it. I use random portfolios to tell people about Bitcoin just for safety. And I try to make them understand they don't have to take my words for it. They should first do their research get convinced of their decisions because I am not accountable to any losses. Giving them areas to research about might get me trapped I will simply tell them to go look out for the information themselves. The point is most people are not patient enough and they are extremely desperate for quick money.

[Hardyrobust]

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.

You guys haven't meet with people who loves to apportion blames. It is best to start with the research aspect and emphasize on it. I use random portfolios to tell people about Bitcoin just for safety. And I try to make them understand they don't have to take my words for it. They should first do their research get convinced of their decisions because I am not accountable to any losses. Giving them areas to research about might get me trapped I will simply tell them to go look out for the information themselves. The point is most people are not patient enough and they are extremely desperate for quick money.

I don't think they need to do any kind of research before they start buying bitcoin. What you just needs is to advise then to start buying bitcoin using discretionionary income and how to figure out if they have discretionionary income available to do so. Advising them on how they can be able to figure out discretionionary income and investing and holding there bitcoin for two or more bitcoin cycles isn't a bad idea.

[Bitcoin.com97]

E get  one of my friend wey dey invest on Bitcoin and he don make profit from am, den me self never know so I con ask am how he dey make money and he say na through Bitcoin investment so I con tell am to explain how e dey work so he con tell me say Bitcoin be like in own company like e don dey on in own existence, no body dey control am and say in security dey very very tight, say I fit  save & invest for there and I go get profit he say e go really better my life. Since I no dey into the system well he advice me to invest with small money first keep am for long-term then try dey patient small bcos Bitcoin dey go up and down so that I no go too lose, E really work for  me and from there na so I take understand how Bitcoin take dey work I con dey browse about am too.

That is a good move , even though your friend explain things to you , one still need to carry out some research for themselves, because he may not put you through but only enlightened you on the basics , the most important thing to you is  that you have seen an evidence which will help feed your curiosity, in addition, Bitcoin invest requires, patience, consistency, discipline, and it’s mainly for long term, despite the volatility nature, it’s still profitable, over the years it has shown how valuable and trustworthy it has been .

[Silikiem]

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.

Bitcoin investment is based on personal conviction and not an individual trying to convince or persuade anyone to invest In bitcoin. It’s fine to talk to someone about bitcoin investment and what it entails but not to persuade the person to invest in it except the individual develops a personal interest in the investment. And in that case you don’t need to do much but the only thing you can do is to ask the person if he or she has the discretionary income to start bitcoin investment. Personally I feel that what everyone needs to know before starting bitcoin investment is to be fully aware that bitcoin is not a get rich quick scheme and so anyone investing in it shouldn’t expect quick profit as it requires time, patience, consistency in buying bitcoin and hold for the long term goal. Also note that the investment should be based on what you can afford to lose.

[PhilosopherKing]

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 consider all this things needless unless you are trying to force the person to ongoingly invest Bitcoin, which is not right. You should not force anybody to invest bitcoin because if things don't turn out fine they can heap blame in you since it is you that force them.

Tell them about bitcoin and  how you can ongoingly invest in it using discretionary income and basic knowledge and if they don't believe you, then leave them the fuck alone.

[SmartGold01]

E get  one of my friend wey dey invest on Bitcoin and he don make profit from am, den me self never know so I con ask am how he dey make money and he say na through Bitcoin investment so I con tell am to explain how e dey work so he con tell me say Bitcoin be like in own company like e don dey on in own existence, no body dey control am and say in security dey very very tight, say I fit  save & invest for there and I go get profit he say e go really better my life. Since I no dey into the system well he advice me to invest with small money first keep am for long-term then try dey patient small bcos Bitcoin dey go up and down so that I no go too lose, E really work for  me and from there na so I take understand how Bitcoin take dey work I con dey browse about am too.

That is a good move , even though your friend explain things to you , one still need to carry out some research for themselves, because he may not put you through but only enlightened you on the basics , the most important thing to you is  that you have seen an evidence which will help feed your curiosity, in addition, Bitcoin invest requires, patience, consistency, discipline, and it’s mainly for long term, despite the volatility nature, it’s still profitable, over the years it has shown how valuable and trustworthy it has been .

Nowadays, people who already know what is Bitcoin doesn't wait for evidence anymore rather what they cares about is how they can start the whole process as I had met someone before who saw the evidence in me and wanting me to start the whole process so quickly, then you have to draw their attention that Bitcoin investment is not always as they think or thought off. Of course, they wouldn't understand the inner things on investment but then, when you explain everything to them only then they would understand how Bitcoin works.

[Proty]

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 consider all this things needless unless you are trying to force the person to ongoingly invest Bitcoin, which is not right. You should not force anybody to invest bitcoin because if things don't turn out fine they can heap blame in you since it is you that force them.

Tell them about bitcoin and  how you can ongoingly invest in it using discretionary income and basic knowledge and if they don't believe you, then leave them the fuck alone.

yes It is not a wise thing to force people to invest in bitcoin instead of that they should be enlighten about the potential of bitcoin and then they may see the need to invest in it.
There is always risk involved in investing in bitcoin and this is something that shouldn't be neglected, if someone is being forced to invest in bitcoin and they happen to make mistakes the blame will definitely be on the person that force them to do so. As for me I don't see the need why anyon will want to force people to invest in bitcoin.

[Omj1014]

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.

I agree that the ethics or the decentralized nature of Bitcoin is a major draw for investors. Explaining the long term value proposition is key most people get distracted by short term price volatility. However, I think it's also important to explain self custody (using hardware wallets) so that new investors aren't just relying on a single platform for their security.

[Hardyrobust]

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.

basic knowledge alone is not enough for starting bitcoin investment but rather discretionionary income is the most important thing before anyone can start investing in bitcoin. If an investor have just the basics knowledge without having a discretionionary income then it will be impossible for them to start accumulating bitcoin. As much as basic knowledge maybe important but the most important thing is the ability to figure out the availability of discretionionary income.

[PremiumcryptoHub]

To my knowledge to explain Bitcoin investment to someone, it has to be presented as a decentralized, digital and limited supply asset because mining is reducing the supply of this currency which has already reached 20 million. We can also mention another process that this Bitcoin is not controlled by any bank or government and it also acts as a shield against inflation. Moreover, you need to know that having a money supply is relevant when investing in Bitcoin.
Now the main point is that I will not support any investor who is not interested in Bitcoin because even if they have enough local currency, they will consider it a scam or a joke so as far as I understand, only knowledge seekers should be told about Bitcoin investing.

[Stormisover]

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.

basic knowledge alone is not enough for starting bitcoin investment but rather discretionionary income is the most important thing before anyone can start investing in bitcoin. If an investor have just the basics knowledge without having a discretionionary income then it will be impossible for them to start accumulating bitcoin. As much as basic knowledge maybe important but the most important thing is the ability to figure out the availability of discretionionary income.

It is all the same thing because having the basic knowledge is also what will put you in the position of understanding that discovering the available of a discretionary income should be paramount as to what what qualifies you investing in Bitcoin, when talking about having basic knowledge think it involves things that are primarily important and to look out for and know first to enable you start up with your investment before considering knowing others things as time progresses, knowledge about discretionary income is also part of the basic knowledge you are talking about.

[Princess Leah]

basic knowledge alone is not enough for starting bitcoin investment but rather discretionionary income is the most important thing before anyone can start investing in bitcoin. If an investor have just the basics knowledge without having a discretionionary income then it will be impossible for them to start accumulating bitcoin. As much as basic knowledge maybe important but the most important thing is the ability to figure out the availability of discretionionary income.

It is all the same thing because having the basic knowledge is also what will put you in the position of understanding that discovering the available of a discretionary income should be paramount as to what what qualifies you investing in Bitcoin, when talking about having basic knowledge think it involves things that are primarily important and to look out for and know first to enable you start up with your investment before considering knowing others things as time progresses, knowledge about discretionary income is also part of the basic knowledge you are talking about.

People don't understand that the basic knowledge of Bitcoin comprises of core things an investor needs to know like how to invest, secure and meet their goals, including the discretionary funds. You can't have basic knowledge of Bitcoin investment without knowing what the discretionary funds is all about or how important it is for Bitcoin investment.

 Therefore when someone says that the basic knowledge is what's important for Bitcoin investment, they're right and shouldn't be disputed. After a beginner have understand the basics then the person won't find it tough to maintain consistency and hold for long-term. Some people have discretionary funds available but don't really understand what Bitcoin investment is about, that's why they invest for short-term periods.