How would you explain bitcoin to someone?

[serjent05]

There is a lot of information about Bitcoin, obviously but many of them are misleading.  So it is best to tackle what Bitcoin is not, since Bitcoin information, both facts and misconceptions, is everywhere. 

I would emphasize that Bitcoin is not a get rich scheme, although the pioneers surely gain a tremendous profit, that is because they trusted Bitcoin in the beginning when no one trusted it.  I will also point out that any person or agent who claims to be a Bitcoin company is more likely using Bitcoin to mislead people because Bitcoin is not a company nor owned or run by a company. 

[SquirrelJulietGarden]

There is a lot of information about Bitcoin, obviously but many of them are misleading.  So it is best to tackle what Bitcoin is not, since Bitcoin information, both facts and misconceptions, is everywhere. 

I would emphasize that Bitcoin is not a get rich scheme, although the pioneers surely gain a tremendous profit, that is because they trusted Bitcoin in the beginning when no one trusted it.  I will also point out that any person or agent who claims to be a Bitcoin company is more likely using Bitcoin to mislead people because Bitcoin is not a company nor owned or run by a company. 

Because there are good and bad, accurate and misleading resources for learning, people need to do their deep research for finding good resources. If lucky enough, they will receive good advice to accurate, insightful learning resources.

I can not know about all inaccurate and misleading resources but I can share good ones. By learning from good resources, people will have enough knowledge to realize and debunk bad resources.
Mastering Bitcoin.
Mastering the Lightning Network.
learnmeabitcoin.com
Bitcoin information & resources.
Bitcoin layer two resources.
endthefud.org
Bitcoin critiques & rebuttals.

[HONDACD125]

There is a lot of information about Bitcoin, obviously but many of them are misleading.  So it is best to tackle what Bitcoin is not, since Bitcoin information, both facts and misconceptions, is everywhere. 

I would emphasize that Bitcoin is not a get rich scheme, although the pioneers surely gain a tremendous profit, that is because they trusted Bitcoin in the beginning when no one trusted it.  I will also point out that any person or agent who claims to be a Bitcoin company is more likely using Bitcoin to mislead people because Bitcoin is not a company nor owned or run by a company. 

Good arguments. You are actually right about the second point because a lot of players in the market use the tactic of tricking people by saying that they manage their Bitcoin or get them profits using their Bitcoin and since so many people don't know much about Bitcoin and that it's a decentralized cryptocurrency, they actually trust these people and give their money or Bitcoin away and they run away with it. With the amount of knowledge and information widely available online these days, one shouldn't even need a third-person to teach them about Bitcoin and how it works, but people are just too lazy to do their own research.

With my personal experiences in the past, I have decided I will only talk about Bitcoin and cryptocurrencies or share knowledge to people if they ask or show interest themselves, because if you start the topic yourself, and then if you get out of control and start talking about how people make profits from cryptocurrencies, and if the people you are talking to decide to make investments and eventually lose money in crypto by either selling out of panic or investing in the wrong cryptocurrencies, the blame will go to you. So it's better to be safe from this.

[Agbamoni]

Boring IT stuffs is a perfect way which will also explain and give reason to why you could be on your computer for long period of time and it will avoid some unnecessary further questions. You will give someone an advise about something and they will decide to take w separate route and when it backfires them they put the blame on you for bringing the idea to their table in the first place, the best to do is just totally don't explain to them unless when they voluntarily ask for such information you give tips without it sounding as if you are persuading them to invest.

Aside from Bitcoin, anything that consists of profit and loss will always backfire on the adviser if the recipient encounters losses. This is the reality of life, which is the reason why it is better not to give financial advicer or rather add a disclaimer if you are writing an article on such a subject. Bitcoin is not a scam, nor is it a sure means to become wealthy. Most folks misunderstand the concept of digital money, the fairest form of money we will ever know, which is Bitcoin. They come with the mindset of becoming wealthy through Bitcoin, without giving it proper time.

[SeriouslyGiveaway]

Aside from Bitcoin, anything that consists of profit and loss will always backfire on the adviser if the recipient encounters losses. This is the reality of life, which is the reason why it is better not to give financial advicer or rather add a disclaimer if you are writing an article on such a subject. Bitcoin is not a scam, nor is it a sure means to become wealthy. Most folks misunderstand the concept of digital money, the fairest form of money we will ever know, which is Bitcoin. They come with the mindset of becoming wealthy through Bitcoin, without giving it proper time.

As all other markets, Bitcoin market is not an exception and it is a zero sum market in which there are winners with profit and losers with losses. It's easily for winners with profit to feel happy and consider Bitcoin market as a fair one while with losers, they can think oppositely and with them the Bitcoin market is unfair.

We can not change them or decide their thinking about the market but the market is itself, Bitcoin is Bitcoin with its network's strong security, very good decentralization, massive adoption among thousands of cryptocurrencies that are main solid contributors for its survival and success. Fair or unfair, it's you and the others think about Bitcoin but Bitcoin is simply itself and continues to roll over the future with more new Bitcoin blocks.

Get wealthier or poorer, it's how people do it and it's not responsibility of Bitcoin as it has grown up very well over years in technology, adoption, value, price and trading volume. Who are intelligent and clever enough would have gotten richer with Bitcoin by being early adopters, investors and holders, yes if they could hodl, they would have been richer a lot.

https://hodl.camp/