How would you explain bitcoin to someone?

[Crypto Library]

Well, such a rookie question but I am looking for some new ideas to explain about bitcoin and why they should have bitcoin in the simplest way possible, because 90% of them will not be interested in learning the whitepaper if they don't get the concept of decentralization and how central banks are ripping the people with money printers.

So no need to talk about price and share any technical source, just plain and simple, how would you explain Bitcoin to someone briefly?

Actually in my country and also in my friends circle there is multiple people who have still the negative thoughts about the bitcoin like it is only use for the illegal works like hacking, money laundering etc. and you will be laughing that there is some people who think that bitcoin is gambling things.
So when I am explaining to someone in my country, I actually start with breaking the misunderstanding or misconcept what they have about the bitcoin. And then I define the bitcoin positive features like its P2P decentralised ecosystem and as well most transparent blockchain and also the 21 million limited maximum supply and as well the high demand.

And then I stepped about the investment first of all for all beginner my suggestion is always start with the DCA investment in bitcoin for long term strategy at least it should be for 3 to 4 year. As explaining the bear and bull season and also the bitcoin halving periods.

[Furball808]

Bitcoin is a digital currency made by Satoshi (a pseudonym) which operates under only the consensus of the community which means there’s no third party intermediary and is done by peer to peer. There’s no owner here but you. You own your own bitcoin.

From there, I am sure they would have some questions I would be interested to answer.

[r_victory]

I think that, in the current context, explaining Bitcoin to someone who is not tech-savvy or doesn't have in-depth knowledge shouldn't be based on the whitepaper but rather on Bitcoin's usefulness as a form of payment, store of value, and investment. I'm one of those who knows its usefulness and has little technical knowledge; perhaps if I dedicate more time, I can delve deeper, but for me, it's never been a necessity. My daughter knows what Bitcoin is, but only the basics, enough to allow her to buy, store, and send it to someone, and that's great. If most people know this, we already have strong supporters for its use and dissemination.

[iBaba]

I think that, in the current context, explaining Bitcoin to someone who is not tech-savvy or doesn't have in-depth knowledge shouldn't be based on the whitepaper but rather on Bitcoin's usefulness as a form of payment, store of value, and investment. I'm one of those who knows its usefulness and has little technical knowledge; perhaps if I dedicate more time, I can delve deeper, but for me, it's never been a necessity. My daughter knows what Bitcoin is, but only the basics, enough to allow her to buy, store, and send it to someone, and that's great. If most people know this, we already have strong supporters for its use and dissemination.

You are right. The blockchain technology that bitcoin was built on has alot of technicalities in it such as the whitepapers the system nodes, private and public keys among other technical aspects of bitcoin which is better understood by a tech-savvy and could be the best way of understanding bitcoin because of its in-depth. However if you go this deep with a non tech savvy, you will just continue to confuse the person the more because they will not understand what you are insinuating.

So if you are opportune to meet with a layman who has shown keen interest in learning bitcoin just go ahead and tell the person the very basic concepts of bitcoin and the very basic usages such as how to invest in bitcoin and its importance as well as how they can use bitcoin and other crypto as a means of payment and seem-less transactions.

[Rabata]

People who already own Bitcoin tend to listen to anything related to Bitcoin.

People do not give priority to the benefits of transactions and decentralization at first. They are not very interested in the technical education of Bitcoin, but when a person starts investing in Bitcoin, he becomes very interested in it. Based on the potential of Bitcoin, he starts increasing his investment. At some point, he tries to become a big holder and at that time his interest increasing towards Bitcoin. It is not very effective to teach someone who does not have Bitcoin. It will not be possible to gain their attraction about Bitcoin. When the price of Bitcoin increasing rapidly, people become interested in investing and then try to learn it.

[lizarder]

Well, such a rookie question but I am looking for some new ideas to explain about bitcoin and why they should have bitcoin in the simplest way possible, because 90% of them will not be interested in learning the whitepaper if they don't get the concept of decentralization and how central banks are ripping the people with money printers.

So no need to talk about price and share any technical source, just plain and simple, how would you explain Bitcoin to someone briefly?

I'll try to explain the concept of financial freedom if someone is considering Bitcoin as an investment. I might also explain Bitcoin's volatility so they won't be surprised when the price drops significantly as it has now. Ideally, one could use an example like investing in gold, although gold differs from Bitcoin in its volatility, so the idea of understanding Bitcoin will be based on the concept of sustainable, long-term investment.

When people don't understand Bitcoin's market dynamics, it can have a significant impact on sharp declines. Knowledge is essential to avoid making the wrong approach. Many people only think about making profits but never think about long-term investment continuity when they want to achieve asset growth to achieve financial freedom.

[rezakurnia66]

People do not give priority to the benefits of transactions and decentralization at first. They are not very interested in the technical education of Bitcoin, but when a person starts investing in Bitcoin, he becomes very interested in it. Based on the potential of Bitcoin, he starts increasing his investment. At some point, he tries to become a big holder and at that time his interest increasing towards Bitcoin. It is not very effective to teach someone who does not have Bitcoin. It will not be possible to gain their attraction about Bitcoin. When the price of Bitcoin increasing rapidly, people become interested in investing and then try to learn it.

All new comer in cryptocurrency exactly for bitcoin investor not care yet about how much benefit using bitcoin as transaction payment and decentralization but priority about profitable only.
I think its the decision someone when investing in bitcoin specially for the beginner its first moment investing in crypto, I think need explain about support price of bitcoin to start investing and how much possibility bitcoin will break if someone make bitcoin for short term investment. You don't need to explain them about transparence when using bitcoin as payment transaction because new investor priority only about how to make profit as much as possible trough bitcoin.

[uneng]

I would explain Bitcoin as a currency you can transact globablly person to person, without having to pay expensive and abusive fees to middleman services such as Paypal and traditional banking system, at same time it's a currency which has been gaining more adoption and demand along the years, what impacts its price positively.

When explaining Bitcoin to someone, you have to identify what characteristics of it are going to be appealing to them. And in case there is none, I fear you can't really explain Bitcoin the the person successfully. In most cases, Bitcoin isn't being absorbed by people in general due to their own lack of interest for it, and not because the informations are being told to them in confuse or difficult ways.

[JoyMarsha]

I will only explain Bitcoin to people I know if they ask. If they don't ask, I am not explaining Bitcoin to them unless they show interest that they want to learn about the basic knowledge of Bitcoin, then will I begin to tell them what they need to know about Bitcoin.

Bitcoin is not what anyone will rush to tell anyone to invest in, because what may outcome of it might not be what they will like. Many people have had their relationship destroyed because of the mistake of telling the one they know to invest in Bitcoin without letting them know the basic knowledge

[Maslate]

You know, it's hard to explain to someone if they have no real interest and eagerness to learn about bitcoin, no matter how simple and brief you explanation is. So I have to be choosy on who I have to explain with, so that my efforts will not come into waste. Although there's no forcing them to invest, but at least they will be educated about bitcoin.

Bitcoin is a digital currency that can only be seen online and can only be buy and sell online. The thing is, this is not just a currency, but this is also an impressive tool for investment, but those who should invest are only those who knows how bitcoin investment works.

While fiat is protected by central bank and government, bitcoin is not protected by anyone, you are the sole responsible of your bitcoin, that's how decentralized currency works. That's why you have to be aware not just on buying and hodling itself, but most of all how to secure your bitcoin from all scammers 24/7.

[RockBell]

Actually in my country and also in my friends circle there is multiple people who have still the negative thoughts about the bitcoin like it is only use for the illegal works like hacking, money laundering etc. and you will be laughing that there is some people who think that bitcoin is gambling things.
So when I am explaining to someone in my country, I actually start with breaking the misunderstanding or misconcept what they have about the bitcoin. And then I define the bitcoin positive features like its P2P decentralised ecosystem and as well most transparent blockchain and also the 21 million limited maximum supply and as well the high demand.

And people with does kind of mindset you don't even need to worry your self about them having a bad mindset it's simple if you don't want to invest in bitcoin it is just better to let it go and not invest, some still see it as a scam a lot of things happens concerning bitcoin and what ever people do with there bitcoin don't really concern them like that yours is just to buy and hold and your target should be how do you make profit from investing in bitcoin but when it comes to money a lot of people have trust issues, and there people that no matter the explanation you give to them they will never be convinced about investing in bitcoin.

And then I stepped about the investment first of all for all beginner my suggestion is always start with the DCA investment in bitcoin for long term strategy at least it should be for 3 to 4 year. As explaining the bear and bull season and also the bitcoin halving periods.

It depends on what the beginneris capable of and just that a lot of them will prefer to do DCA because of how it makes it easy for them and since it's a long time investment, and if you can keep more than does years then it is actually very okay because it's a long time investment for do your DCA and then the same time you can decide to hold longer but one important thing don't force anyone to invest.