How to explain bitcoin investment to someone.

[Itz-prisigold]

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.

Sometimes,  we should avoid making things over complicated when discussing about Bitcoin.  I don't really think it's a good idea to start talking about the history of Bitcoin or the technical part of how it works before getting started, because it will be too complicated for that person.  And trust me,  too much of big gammer or information can make the person to be confused or even cause boredom.

I would recommend that keeping the discussion simple will reduce a lot of stress or confusion,  you can just explain what Bitcoin is, what it is capable of being used for,  and its importance.  The person will then have the option to do personal research if they are interested. And I think that learning through your personal research will provide you a better understanding than having  someone tell you everything.

[Mr intelligence]

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.

Explain Bitcoin to a the community or family member their may think that in the it a scam work or something to that people in if sterling or lie. But to own I think you be explaining Bitcoin it good idea and good benefits it more points or ideas that gives more understanding before going to any investment it gives more work after go through it in the PDF such learning of it it also means on how the value of make money and digital work for Bitcoin also take a time to build up for get money so things most happen that patience most be part of learning or hard work.

[Nwadiche]

I feel narrating the history of Bitcoin, the founder and all of that is not really necessary to someone who want invest , if I am to explain Bitcoin investment to anyone, I  will just make it Sanipy , by impacting the basic knowledge they need first , I will make them understand that as a beginner you don’t need to be a hurry , in order not rush and later start planning of selling , you must have a source of income, you can invest with your discretionary income, it requires consistency, you don’t expect profit immediately, it’s an investment , for anyone to get a good profit , it must be a long term , so you need patience, this are the basic knowledge required, he or she can search for further information online , because going into much details may not be necessary.

[Zackz5000]

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.

Explain Bitcoin to a the community or family member their may think that in the it a scam work or something to that people in if sterling or lie. But to own I think you be explaining Bitcoin it good idea and good benefits it more points or ideas that gives more understanding before going to any investment it gives more work after go through it in the PDF such learning of it it also means on how the value of make money and digital work for Bitcoin also take a time to build up for get money so things most happen that patience most be part of learning or hard work.

I no even see need to tell people about Bitcoin when them no get interest about Bitcoin if anything go wrong the person go hold you responsible because the person dey e own before you go tell am about Bitcoin but if person get interest you know say e dey willing to invest your own now na to tell am how this Bitcoin dey be, you go let am know say na volatile asset say e never dey guarantee say e go gain am and also make e use money way even if nothing come out for the investment again e no go pain am.

[gracreavix]

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.

Sometimes,  we should avoid making things over complicated when discussing about Bitcoin.  I don't really think it's a good idea to start talking about the history of Bitcoin or the technical part of how it works before getting started, because it will be too complicated for that person.  And trust me,  too much of big gammer or information can make the person to be confused or even cause boredom.

I would recommend that keeping the discussion simple will reduce a lot of stress or confusion,  you can just explain what Bitcoin is, what it is capable of being used for,  and its importance.  The person will then have the option to do personal research if they are interested. And I think that learning through your personal research will provide you a better understanding than having  someone tell you everything.

Makes a lot of sense honestly. When you start going deep into your plenty plenty technical stuff or history too early, the person will just get tired and confused, especially if they are completely new. It’s good they just understand the basic idea first, not how everything works behind the scenes.

Keeping it simple, like explaining Bitcoin as a digital form of money, what people use it for, and why it is valuable, makes the conversation more relatable. Once they have grab that foundation, their curiosity will naturally come in if they are really interested.

[Cityhunter34]

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.

Yes, that is how to follow them up. At least they need to do some research and conclude if its something that they will be able to do before bringing them to the business. Because there's a higher chance for someone who has the basic knowledge of Bitcoin investment to grow in the business that's why we don't need to bring someone that is not interested at all because they would definitely find it difficult to cope.

Of course, there's no need to tell them about your achievement because sometimes it might not even motivate them if they don't have interest to invest. Honestly, I don't see any reason to disturb ourselves too much because without even told we are supposed to know that Bitcoin investment has a great future ahead.

[Tmoonz]

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.

Yes, that is how to follow them up. At least they need to do some research and conclude if its something that they will be able to do before bringing them to the business. Because there's a higher chance for someone who has the basic knowledge of Bitcoin investment to grow in the business that's why we don't need to bring someone that is not interested at all because they would definitely find it difficult to cope.

Of course, there's no need to tell them about your achievement because sometimes it might not even motivate them if they don't have interest to invest. Honestly, I don't see any reason to disturb ourselves too much because without even told we are supposed to know that Bitcoin investment has a great future ahead.

You see what I observed that is a problem for some people to get along with the idea of Bitcoin investment is that they are so lazy to make their own research which is supposed to increase their interest and passion to participate in the Bitcoin investment, ignorance is what alot of people going through, they keep delaying and saying that they will do the needful only when they are with you or close to you but immediately they are on their own they forget about it, no need to be worried about this kind of people because any day they will decide to pickup interest will become their own starting day when others have already gone far, any ways no time is too late but we should also know that not everyone will be interested no matter what.

[Princess Leah]

You see what I observed that is a problem for some people to get along with the idea of Bitcoin investment is that they are so lazy to make their own research which is supposed to increase their interest and passion to participate in the Bitcoin investment, ignorance is what alot of people going through, they keep delaying and saying that they will do the needful only when they are with you or close to you but immediately they are on their own they forget about it, no need to be worried about this kind of people because any day they will decide to pickup interest will become their own starting day when others have already gone far, any ways no time is too late but we should also know that not everyone will be interested no matter what.

The more you learn the more you know and understand but it you fail to learn about something, it's knowledge would be very far from you. I support your statement and I'm trying to say that if people don't try on their own to research and understand what investing in Bitcoin is all about then it's knowledge would be far from them.

 Many have seen how Bitcoin has improved over the years but they're still skeptical to learn and understand how to use it as an investment opportunity they feel they can get rich quick with it, but when they seek deep knowledge about it they'll understand that as an investment it is good to hold it longer.

[Yablee0]

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 just said it all, their is no need for long talk when having a conversation about Bitcoin to someone, with just the few details about it you are cool. Moreover time this days can be converted to more funds in your wallet so it's better for you to channel those energy you want to used in long explanation into accumulating more Bitcoin to your portfolio.

 And also too much preaching or explanation of a particular thing to someone will be seen as if you have a personal interest or an interior motive at mind, so it's better they make their decision all by their self.

[Rockson1]

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.

How you wan start the conversation, between you and the person wey wan tell about Bitcoin, who you feel say go need approach each on something like this, all this things matter, but whichever way, if any person ask you about Bitcoin investment, tell am wetin em need to know but that na if you know wetin to tell am, keep anything away from am but do not discuss your portfolio with am, just tell am say the industry no be for quick money, make am no say Bitcoin na long-term investment, e the drop and e the rise, as an investor e need to dey patient the acumulate the way you fit, make no one do pass himself, infact just tell am things, at the end still make know say the decision to invest na em own to make, so that you go dey free from any blame wey em fit come up with anytime.

[Lida93]

Snip

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.

Are you advising that a person shouldn't get at least the basic knowledge of what they're about to get into so they can evaluate for themself the risk and potential profit involved and if it's worth giving into it or not? Doing your own research doesn't imply the newbie must research before buying bitcoin but it's of necessity and a prerequisite for caution in other not to be ignorant making mistakes before learning because learning from mistakes at times can be dangerous.

[Omj1014]

I try to explain the Blockchain as a public ledger that nobody can cheat. It's like a group bank statement that everyone in the world can see, but no single person or government can change.
When people understand that Bitcoin is backed by math and a global network, rather than a central bank, they start to see why it has value. I always advise them to download a secure wallet like BlueWallet or Electrum and learn how to keep their Seed Phrase safe before they even buy their first Satoshi.

[Cryptomultiplier]

Explaining Bitcoin to a novice might require real world analogy and just like a normal fiat currency, Bitcoin is more of a digital currency, hence the name digital gold because its value ranks as high as gold standard price in the market.
Bitcoin isn't controlled by any government or bank and it is of limited supply that us about 21million coins of which about 20 million is already mined.
It can be used for across border transactions and payments with a third party intermidiaries and can be a long term investment plan for pension or other noteworthy reasons like fulfillment of a goal or for diversification purposes.

The price of Bitcoin is also driven by volatilities and that's why it is safer and a better choice to hold long term for better returns.