How would you explain bitcoin to someone?

[Cookdata]

I guess the easiest thing to explain is about Bitcoin is the money on the internet. And it's backed up the global investors that are part of its community. If they ask from where it's getting the value, aside from the market capitalization that it has got. Like the manufacturing industry, it's powered by the miners that's also spending energy for it to be mined. So there goes the spending from mining with powerful machines and that's how it's getting the value from how difficult it is to mine. Quite complex but I think you get the idea.

I wouldn't mention the word "money". That's a tempt word that can make someone want to start Bitcoin with hope of making money. I'm not sure there is no one that is active on internet especially on X, Facebook, TikTok that has not heard about money, the representation of Bitcoin has always been about money. I will like it if it's explain as digital currency that is censorship resistance, no middle man, and transparency as everything is recorded on a public ledger call blockchain, this might not be the best but it simple.

I will then proceed to how they can make an investment with it but the cons comes before the pros so you don't end up giving people hope and then when things doesn't go right in the short period of time they come knocking on your door. This may sound funny but if you have help someone that once had all hopes on Bitcoin and market didn't go well, you will understand the magnitude of what I'm saying. Human beings do have high expectations on things they don't have too much experience.

[The Cryptovator]

Well for me i will just tell the person Bitcoin is digital money, not controlled by banks or governments.The  Transactions are recorded publicly, making it secure and transparent. It's like cash, but digital form and global, but it's volatile.

I don't think you can convince this way at the beginning stage. Because those aren't familiar with Bitcoin, they probably won't be interested in digital money that can't be everywhere. The first thing that will come to their mind is what their own benefit is to investing in Bitcoin. You have to explain to them why it's necessary to purchase Bitcoin and store it securely. So you need to explain in more detail.

For me first, I will explain what the advantage of investing in Bitcoin is. For example, you can take advantage of the volatility and the holding as well. Then explain about the decentralisation and how Bitcoin would be used for borderless transactions without a third party. Then I will explain how they could have their own bank. It's important; you have to warn them about volatile as well. So that's how I will approach Bitcoin at the beginning stage.

[Oasisman]

Well, I think we all tend to give a similar explanation when we’re talking to someone who has no idea how Bitcoin works. We usually start by saying that Bitcoin has no central authority that can block your transactions like banks do, and that it’s borderless since you can send it to anyone in the world.
But I don’t think that alone is enough to really spark their interest. So I’d add that Bitcoin is very similar to gold in the sense that it gives you the option to store value outside the traditional banking system. That’s why people call it digital gold. With a total supply capped at 21 million, it was designed to be scarce. If gold is scarce in the physical world, then Bitcoin is scarce in the digital world.

[Smartvirus]

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

This is one means I’ve tried to explain Bitcoin to someone in the past whom I understand to have no knowledge of what Bitcoin actually is and I hoped to stick to the surface as possible.

Firstly, I have to make this individual understand that money isn’t just currency but, it is a tool, a tool at the hand of those who owns it and that is the government through which, they can set the country to chat whatever course they desire. Why is this possible, because fiat currencies is centralized and a government can make it have no value with just a press release.

Lastly, I talk about Bitcoin being an actual money, a currency on the web and one that has no ties to any government or anyone and the value is determined by the people, a currency of you and I (p2p) where we get to decide what the value is to do business.

Just about the basics and they get the picture.

[Vaculin]

People will only get interested to listen with your bitcoin introduction if you first state its uniqueness and its advantage towards fiat. So I think I'll start with this. If you want to get rid of banks and be with your own bank, and do everything with your money without the banks and government intervention, then chose bitcoin.

Bitcoin is a digital currency and buying or accumulation will only be made possible through online. So if you want to maximize your earnings without compromising your own safety and security, go with bitcoin where its value keeps appreciating, unlike fiat that keeps depreciating.

[Ziskinberg]

Just to give a simple explanation, this one may work. Bitcoin is a digital or electronic money that is decentralized in nature, meaning not controlled by the bank or government. It is used for buying, selling or even investing, and everything will be online transactions.

Now this is the best, with bitcoin, you get to be with your own bank. While paper money or fiat is saved through banks, bitcoin can be saved through your own hardware wallet and gain sole responsibility to secure and manage the growth of your bitcoin savings.

[AmoreJaz]

Just to give a simple explanation, this one may work. Bitcoin is a digital or electronic money that is decentralized in nature, meaning not controlled by the bank or government. It is used for buying, selling or even investing, and everything will be online transactions.

Now this is the best, with bitcoin, you get to be with your own bank. While paper money or fiat is saved through banks, bitcoin can be saved through your own hardware wallet and gain sole responsibility to secure and manage the growth of your bitcoin savings.

In today's digital world, you can always find a good youtube video explanation about btc. So you don't need to put so much effort in explaining to others. Besides, if they are really interested, they will find a way how to enrich their knowledge especially that you can always search over the net basically anything these days.

[sheenshane]

Just to give a simple explanation, this one may work. Bitcoin is a digital or electronic money that is decentralized in nature, meaning not controlled by the bank or government. It is used for buying, selling or even investing, and everything will be online transactions.

That's a good explanation, but don't forget to tell the negative outcomes in Bitcoin, sometimes telling them the cons and pros will enlighten their mind on how to manage their own fund.  Something like this, yes, you control your own funds with a private key, but if you lose it, you lose access; if someone else gets it, they can spend it without a trace.

It's also important for them to know that it’s pseudo-anonymous, transactions are visible on the public blockchain, but the real-world identities behind addresses aren’t necessarily known.

IMO, I will not encourage people directly about Bitcoin, I want them to weigh its pros and cons on it.  If they like it, for sure the rest they will find a way how to learn more about Bitcoin.

[Orpichukwu]

When you introduce people to Bitcoin, it doesn't end well most times because those fellas would want to blame you for their own mistakes which could have been avoided if the person had ask you some question that will help them.

Explaining Bitcoin to someone might be for who asked you about it and doesn't necessarily need to be someone you walked up to to convince to learn about Bitcoin, and even when one doesn't have the idea and you need to tell them about it, in today's society, with how ugly some situations have turned, it's always better to start with a disclaimer warning of the danger ahead and only teaching for educational purposes and not financial advice, and whatever decision the person makes after then is 100% his action, and as such, you should not be held liable for any loss which occurs in the future.

[vanesha]

There are several ways I explain Bitcoin to someone. If the person is genuinely interested in getting involved in the Bitcoin space, I will explain it in detail—sometimes even sharing everything I know about Bitcoin. However, for beginners who just want a simple introduction, I prefer to explain it briefly and in an easy-to-understand way so they don’t feel overwhelmed or confused.

[ThemePen]

Explaining Bitcoin to someone might be for who asked you about it and doesn't necessarily need to be someone you walked up to to convince to learn about Bitcoin, and even when one doesn't have the idea and you need to tell them about it, in today's society, with how ugly some situations have turned, it's always better to start with a disclaimer warning of the danger ahead and only teaching for educational purposes and not financial advice, and whatever decision the person makes after then is 100% his action, and as such, you should not be held liable for any loss which occurs in the future.

Explaining Bitcoin is now big risk effort since blame laws of guiding money have become stricter around world, and it is needed to put at beginning of talk with clear warning to avoid both legal and group blame. Certain warnings such as not financial advice is needed shield, as in many areas, even easy talk is seen as controlled financial selling and so causes loss, which would give blame.
In addition to legal protecting, such warnings are very important because of bad nature of current truth of AI-driven scams and huge amount of self holding, in which loss of secret code forever loses money. I can agree that idea of being honesty teacher by opening with danger warning does create more trust. It shows that you are giving out seatbelt of safety teaching instead of just selling dream.

[Fivestar4everMVP]

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?

If you ask me, I would say that it's pretty hard to explain bitcoin to some one or anybody without talking about the price because by the end of the day, the person is still going to spend money to buy it and so long as the price of bitcoin goes up and down, the person may panic when they see that price have gone down from the price they bought it, and because they are newbie, they may take this to be a loss and confront you about not telling them that the price could go down..

So personally, I think when you are going to introduce bitcoin to anyone, you don't have to do that in a hurry, sit down as explain to the person everything about bitcoin including how it's price fluctuates up and down and how possible it is to even lose money if bought and sold too early, and how it's possible to buy today and have to wait years to be able to sell for profit.. All of this is very important so that the person makes an informed decision know the risks involved in bitcoin investment, so that tomorrow, they won't turn around to hold you responsible for any loss due to you keeping some certain things about bitcoin away from them.

Just my 2 cents.

[abaeze]

I will not tell anyone in advance or go on a campaign, but rather present myself in such a way that people will be interested in learning about Bitcoin from me. Honestly, if anyone is even slightly intelligent, they will understand the matter in a few words. I don’t think it’s necessary to promote Bitcoin by constantly listing its benefits about the huge potential and benefits of Bitcoin here.

The world is now in a new financial climate, so everyone should have an idea about this digital asset. Therefore, to keep pace with this digital and advanced economy, it is important to gain more knowledge. Since the price of Bitcoin increases over time and stores value better than cash, cash can be printed at will, but Bitcoin cannot be created at will for its fixed supply, so surely people will understand its importance.

[BlackBoss_]

If you ask me, I would say that it's pretty hard to explain bitcoin to some one or anybody without talking about the price because by the end of the day, the person is still going to spend money to buy it and so long as the price of bitcoin goes up and down, the person may panic when they see that price have gone down from the price they bought it, and because they are newbie, they may take this to be a loss and confront you about not telling them that the price could go down..

It's hard to explain Bitcoin to other people especially if you don't have good communication skills and educational skills too.

Rather than trying to make your own explanation on Bitcoin to other people, you can do it indirectly by introducing them available resources to learn about Bitcoin from beginners level to advanced level if they want.

The first thing I would introduce to anyone is this
https://www.lopp.net/bitcoin-information/bitcoin-explained.html

Then other things for further learning if they feel interested in after exploring with Bitcoin visualized explanation above.
https://www.lopp.net/bitcoin-information.html
https://learnmeabitcoin.com/beginners/
https://learnmeabitcoin.com/technical/

[TastyChillySauce00]

I like to explain it as a decentralized money where nobody have control of and deflationary ones.
Unlike fiat that have pretty high rate of inflation which in turn increase the wealth gap between the riches who hoard assets and the normal people who saved paper money.

It's basically combination of deflationary asset with the capability for remittance basically a currency.

[Spaceman1000$]

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?

Bitcoin deals with privacy, so ordinary I cannot just walk up to anyone and begin to tell them about Bitcoin, because they might not really see things from my angle and even if they do, they might want to keep such information about their investment a secret, but however if they walk up to me and ask me questions about Bitcoin, surely I will explain clearly what Bitcoin and it's huge benefit entails. In simple terms, I will enlighten them about how they can be incharge of their financial lifestyle without depending on any commercial bank, I will expose them to the investment part of Bitcoin and it's possibilities.

Correct because Bitcoin is actually hard to understand especially when it comes on its technicalities, since if we just explain about those possibilities to earn. Maybe those people will think about that Bitcoin is just another ponzi scheme the same with those crazy unknowledgeable people calls this coin.

Maybe better or safe approach is to introduce Bitcoin as alternative currency, then tell it to them that they have great chance to earn either if trade or hold it for long time. Then explain on where they can learn more information about this coin and maybe with this it can help those people understand carefully Bitcoin without thinking that this is a scam coin.

I think I would be more careful in explaining the investment part, this is because I will expose them to the volatile part of it and how they shouldn't panic whenever their is a drop in price or they should always expect volatility at any point in time, this is because newbie investors are good at having panic attack whenever their is little shake up's in the market, but most importantly I advice them to invest with their residual or discretionary income. As as today, most people across the globe that you will be educating about Bitcoin have probably heard about it but doesn't really know how it works.

[YOSHIE]

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

In 2009-2018, maybe many people still thought Bitcoin was strange, maybe it was a little difficult to explain, but I think entering 2020 and up to now it is easy for people to understand Bitcoin.

In short, I only explain how to make Bitcoin transactions and how to sell them, for example from exchange to bank, vice versa from exchange to exchange/wallet and so on, I only explain the essence, I don't need to explain.
What is Bitcoin....
What are Bitcoins for....
What is Bitcoin used for?...

And so on, they don't need that, they can search for it themselves on YouTube or other social media.

[GIF-JOBS]

Well for me i will just tell the person Bitcoin is digital money, not controlled by banks or governments.The  Transactions are recorded publicly, making it secure and transparent. It's like cash, but digital form and global, but it's volatile.

I don't think you can convince this way at the beginning stage. Because those aren't familiar with Bitcoin, they probably won't be interested in digital money that can't be everywhere. The first thing that will come to their mind is what their own benefit is to investing in Bitcoin. You have to explain to them why it's necessary to purchase Bitcoin and store it securely. So you need to explain in more detail.

For me first, I will explain what the advantage of investing in Bitcoin is. For example, you can take advantage of the volatility and the holding as well. Then explain about the decentralisation and how Bitcoin would be used for borderless transactions without a third party. Then I will explain how they could have their own bank. It's important; you have to warn them about volatile as well. So that's how I will approach Bitcoin at the beginning stage.

You are right, in fact, if I advise those who do not know anything about Bitcoin at the beginning about the decentralization of Bitcoin and the blockchain, they may think it is very complicated. I will first explain to a new investor about the fluctuations in the price of Bitcoin. He should be given an idea about how its market basically changes. Investment decisions should be made mainly based on market fluctuations and financial capacity. And of course, I will advise him to invest for the long term. However, in the case of long-term investment, I will explain how to manage his finances, have a plan, and be disciplined by setting aside money for investments and emergency expenses. In addition, it is necessary to have an idea about how to keep his Bitcoin wallet safe.

[batang_bitcoin]

I guess the easiest thing to explain is about Bitcoin is the money on the internet. And it's backed up the global investors that are part of its community. If they ask from where it's getting the value, aside from the market capitalization that it has got. Like the manufacturing industry, it's powered by the miners that's also spending energy for it to be mined. So there goes the spending from mining with powerful machines and that's how it's getting the value from how difficult it is to mine. Quite complex but I think you get the idea.

That’s a nice and simple way to explain it. Calling Bitcoin internet money makes it easier for beginners to get the idea. Its value comes from demand and the miners securing the network, so once you understand the basics, it doesn’t feel that complicated.

Yes, those are the basics that one can easily understand although don't expect that everyone will get it on an instant.

I wouldn't mention the word "money". That's a tempt word that can make someone want to start Bitcoin with hope of making money. I'm not sure there is no one that is active on internet especially on X, Facebook, TikTok that has not heard about money, the representation of Bitcoin has always been about money. I will like it if it's explain as digital currency that is censorship resistance, no middle man, and transparency as everything is recorded on a public ledger call blockchain, this might not be the best but it simple.

I will then proceed to how they can make an investment with it but the cons comes before the pros so you don't end up giving people hope and then when things doesn't go right in the short period of time they come knocking on your door. This may sound funny but if you have help someone that once had all hopes on Bitcoin and market didn't go well, you will understand the magnitude of what I'm saying. Human beings do have high expectations on things they don't have too much experience.

For the sake of easier to understand, when we say money then people will understand that it has got a value just like the money that we own. But I think you've said it better about describing it as a digital currency. For that, they know that it's used online/digital and the value is there.

[whiteblue]

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?

Price, technical, whitepaper and what is bitcoin Yes, it will not attract them to buy bitcoin, the main thing to lure them is to ask why not invest, I recommend many options, but bitcoin is the main goal in financial discussions here, and of course the advantage of every 4 years is something that other assets do not have and this is why not a few people talk to me about buying bitcoin, this sentence is not complicated, only after they buy bitcoin we explain slowly to understand the fundamentals of bitcoin so that they have long-term confidence in bitcoin investment.

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