How do you explain Bitcoin out there to people around you?

[Mia Chloe]

~snip

Nobody is obligated to tell another person about bitcoin or any crypto. Bitcoin in particular is already too popular for you  to claim an ambassador because it's so unnecessary 9 out of 10 times you'll eventually either put yourself in a tight spot or make yourself a target by crypto thieves.

If there's anything logical to share in my opinion it's actually things concerning privacy and decentralization and the fact is you can do this without even making mention of bitcoin. There are so many said"tech bros" out there that can't even keep their data private.

[EL MOHA]

There is only one true way to get people to get interested in learning more about Bitcoin: Your own success story investing in Bitcoin. Tell them about how Bitcoin has made your life better, safer, private and far more profitable.

Personally, I tell people all the good things about Bitcoin, but their eyes glaze over because they were never interested in the first place. So I figured they need to hear something simpler and shorter. Once they hear how someone else is doing well, they might want to listen a bit more closely.

This is actually a good way to lure people into bitcoin but I will say that this method actually ends with intending investors having the wrong narrative about bitcoin which is that it’s a place that they could make money or flip their asset in some period of time even though you decide to tell them the risk involve in the later stages they wouldn’t still look towards it and will simply be thinking maybe you’re just testing their patience and one thing about this set of investors coming through this narrative is that they invest more than they can afford to lose which is why we have some losers on bitcoin

[Bitcoin.com97]

I can’t tell anybody about Bitcoin without mentioning the risk involved, but the person in question must be interested , having interest to learn about Bitcoin investment  is very important, then I will tell him or her how to avoid some common mistakes, and also the importance of patience and consistency, just the basic for the person to be aware of what his about to start , it’s best they know the advantages and disadvantage, the risk and how to go about it, these are the most important things to know first .

[Yablee0]

you'll eventually either put yourself in a tight spot or make yourself a target by crypto thieves.

I swear, is like giving a long explanation when nobody asked you. However, it's more better off channelling same energy to something reproductive instead of giving people the impression that you are into Bitcoin stuff and you got some papers (money) on you .

This day's people are unpredictable, don't be surprised that same person you are trying to bring in the system so that he can be useful to his self will be the same person that will plot your misfortune with some bad guys. Furthermore, don't be too nice enough to forget the fact that Bitcoin investment is more about privacy, always protect your identity and worth else you learn the hard way.

[Zackz5000]

Telling people the sincere truth about Bitcoin investment will save them alot of stress what you said Op is what people should tell who is ready or who wants to invest in Bitcoin, the road is not as smooth as they may think Bitcoin is a store of value and it's also volatile investing for a long time will be the best but they should also be aware that they can loss or also gain while investing in Bitcoin as nothing is guaranteed so due to it volatility investment should be made with your discretionary income which is money they can afford to loss without it affecting them.

[Obulis]

It is very important not to overemphasize Bitcoin to a beginner. It's very important to avoid sweet mouth. Some people  on hearing about Bitcoin would be carried away by any thing that sounds like them overcoming their financial responsibilities over overnight (that is by implications being easily carried away by trading aka gambling probably). So being honest to yourself is very important while telling anyone about Bitcoin.

[Mate2237]

Telling people the sincere truth about Bitcoin investment will save them alot of stress what you said Op is what people should tell who is ready or who wants to invest in Bitcoin, the road is not as smooth as they may think Bitcoin is a store of value and it's also volatile investing for a long time will be the best but they should also be aware that they can loss or also gain while investing in Bitcoin as nothing is guaranteed so due to it volatility investment should be made with your discretionary income which is money they can afford to loss without it affecting them.

When it comes to Bitcoin it's always good that you don't try to hype it and tell all sorts of stories just to lure people in. In a bid to bring such people in to invest in Bitcoin allot of people today is seeing Bitcoin as something else this is because the stories that they heard before entering Bitcoin were sugar coated and full of making quick cash. Telling people what Bitcoin is and what it really stand for is the best because it will save people of the misinformation which many is working with concerning Bitcoin.


There is a lot of hype that goes with Bitcoin this is the reason why many people see bitcoin as a get rich quick scheme were you have to go in and the next day you are rich overnight. Telling people that Bitcoin investment is a long term thing that it will only pay on the long run is the best.

[Agbamoni]

Honestly the best way is about honest and the balance because you can't tell someone about bitcoin by letting them only know the downside or the upsides only, you make mention or explain that it keeps value over long term but the price is very volatile and nothing is sure. For me I will not try to convince someone that they will be rich without giving the clear picture about it potential and risk then leave decisions in their hand because you see once money brings alot of expectation it will later create pressure

Well said. New folks in Bitcoin think that because they know about Bitcoin now, their financial life has changed for good instantly. The mentality beginner investors have is the mentality of becoming wealthy through Bitcoin if they invest what they can afford into it. While times have changed, you can no longer see those massive spikes and bullish trends that Bitcoin used to exhibit frequently. How much you have invested in Bitcoin matters a lot when you are expecting ROI. So, the real truth is what should be told when explaining Bitcoin to newbies to avoid too much and immediate expectation.

[Kelward]

Na before when I first enter dis forum and come begin to de gather knowledge about Bitcoin be di time wey I be ambassador, dat time I de go out of my way to de educate people wey I know about di values of Bitcoin. But most of dem no take am seriously and unfortunately some even think say I want to mislead dem to invest inside a Ponzi scheme, infact I no get any good experiences for all my efforts. As I de like dis I no de tell anybody about Bitcoin infact inside my new neighbors nobody know say I know anything wey concern Bitcoin matters and na so I want am to remain. Make you remember say criminals de target crypto owners now and we no know who be who.

I believe say Bitcoin don make a name for itself and anybody wey de serious to learn about am no need somebody to school am before im go start to de gather knowledge because a lot of materials de online to guide newbies. In dis age all you need to do na too google any information wey you need or simply ask AI and you go get direct answers and relevant sites and materials to guide you. If I must impact my Bitcoin knowledge to anybody I go first see di genuineness to learn before I go proceed to guide di newbie according to my knowledge.

[Crakryptvest]

Honestly the best way is about honest and the balance because you can't tell someone about bitcoin by letting them only know the downside or the upsides only, you make mention or explain that it keeps value over long term but the price is very volatile and nothing is sure. For me I will not try to convince someone that they will be rich without giving the clear picture about it potential and risk then leave decisions in their hand because you see once money brings alot of expectation it will later create pressure

I derived something from what you just said, some people are not just good in explaining things to people around them, some people will be like, Bitcoin is good investment it has this and that, it is good for long-term but they will not explain that there is nothing like making it quick in Bitcoin so that those that have such in mind will rethink, many newbies have the mindset that as they start Bitcoin investment they will have much, I support what you said, for you guys that have grown to this level, the explanation of Bitcoin to newbies should be by capturing everything we need to know to avoid being misled.

[Creeper0]

Finally to the house, how do you go about yours to people around you, do you just make them understand how extremely rich they can become through Bitcoin investment? or you just tell them the way it is and leave them with the option of making decisions within themselves to avoid complications, what's your thoughts on this?

I am only interested in informing those who know Bitcoin and are interested in using Bitcoin. Otherwise, for the rest of the people, I am also a Bitcoin agnostic. I am not interested in informing anyone else about this. Because it will put my safety at risk and I may become a different kind of person to the people around me.

There are many people around us who do not know what Bitcoin is? And what is the correct use of Bitcoin? If I promote Bitcoin to them, they will start thinking of me as a fraudster or start looking at me negatively. Even for me, living in that society will become risky, because there are still people in the society who consider Bitcoin to be a more valuable asset. As a result of the random promotion of Bitcoin, I may be harming myself by them.

[Itz-prisigold]

I am only interested in informing those who know Bitcoin and are interested in using Bitcoin. Otherwise, for the rest of the people, I am also a Bitcoin agnostic. I am not interested in informing anyone else about this. Because it will put my safety at risk and I may become a different kind of person to the people around me.

There are many people around us who do not know what Bitcoin is? And what is the correct use of Bitcoin? If I promote Bitcoin to them, they will start thinking of me as a fraudster or start looking at me negatively. Even for me, living in that society will become risky, because there are still people in the society who consider Bitcoin to be a more valuable asset. As a result of the random promotion of Bitcoin, I may be harming myself by them.

I think people disregard the anxiety inducing factors that are present. I get that there are risks when talking about Bitcoin. it's true that some people are too focused on Bitcoin and don't say anything.

But I don't fully agree with staying silent completely, and I still do not believe in talking about Bitcoin openly to just anyone either, I just have to be very mindful about how and who I talk to. When you talk about Bitcoin in some kind of environment, most especially places where there is a lot of misunderstanding, you can easily be labeled wrongly or even attract unnecessary attention, which is something nobody should joke with.

But still I just think being a Bitcoin agnostic to everybody around you, might limit the opportunity to share something valuable with the right people. Not everybody thinks that way or should I say not everyone is an illiterate, that they will conclude and start calling you a fraudster, some people might be smart and they might just be looking for the right kind of explanation or the right moment to understand.

[Cryptomultiplier]

Honestly the best way is about honest and the balance because you can't tell someone about bitcoin by letting them only know the downside or the upsides only, you make mention or explain that it keeps value over long term but the price is very volatile and nothing is sure. For me I will not try to convince someone that they will be rich without giving the clear picture about it potential and risk then leave decisions in their hand because you see once money brings alot of expectation it will later create pressure

Well said. New folks in Bitcoin think that because they know about Bitcoin now, their financial life has changed for good instantly. The mentality beginner investors have is the mentality of becoming wealthy through Bitcoin if they invest what they can afford into it. While times have changed, you can no longer see those massive spikes and bullish trends that Bitcoin used to exhibit frequently. How much you have invested in Bitcoin matters a lot when you are expecting ROI. So, the real truth is what should be told when explaining Bitcoin to newbies to avoid too much and immediate expectation.

Right now, Bitcoin is in-between being digital gold and a risk on asset due to flunctaution in price and other parameters.
Although it doesn't dispell the fact that Bitcoin is permission less as compared to commercial traditional banks where a third party needs to allow permission before conclusion of your transactions.

The best way to invest currently in Bitcoin is to hold and accumulate more of it because the big pocket holders like Blackrock are accumulating much more of the remaining quantity and if you were to receive Bitcoin for payments or from clients, swapping it to stablecoins for easy move around is adviced.