If you could teach a new Bitcoin user only 3 things, what would they be?

[ChisomP]

There is a lot of information about Bitcoin, and I think this can make it difficult for beginners to know what they should learn first.
If you had to choose only three lessons for someone who is completely new to Bitcoin what would you choose?

You have already gotten a good answers from the replies above..but i want you to know that your personal research will be important for you... but they're many more things a beginner can learn, especially the one's who have the passion in Bitcoin, so in addition to what other people said, I think  a beginner should learn the following

1. A beginner should learn about decentralisation
2. A beginner should also learn about bitcoin wallets
3. A beginner should also learn about bitcoin Transactions

I have read most of what is written here, but this your number 3 point really got to me. I do have a good knowledge about decentralization - talking about independence from a centralized control - I have a fairly good knowledge about BTC wallets and the different secure way to store your BTC. What I don't really get is the BTC transactions part. Are there different types of BTC transactions? I thought BTC transactions is all about sending and receiving BTC through your wallet address.

[terrific]

1) Bitcoin is not an overnight rich quick scheme.
2) Get used to its volatility and you'll survive entirely while holding it.
3) Start learning the basic concepts of securities(wallets, phishing, exchanges, etc.) and terminologies to avoid getting scammed and hacked.

[Natalim]

High risk management, long-term focus or goal and discipline. If you can achieved all of these, you will never find bitcoin investment hard and risky. Because you are no longer investing for greed, for short term get-rich-quick profits, but instead you have clearer future goals and target that will make you become more responsible investor.

And while others see bitcoin's volatility as a threat, it becomes more of a challenging asset for those who have come to understood the nature of bitcoin investment well.

[Tamaperdana]

There is a lot of information about Bitcoin, and I think this can make it difficult for beginners to know what they should learn first.
If you had to choose only three lessons for someone who is completely new to Bitcoin what would you choose?

I am especially interested in answers based on real experience rather than just general advice. What did you understood when you first started?

Personally, I would definitely recommend that when investing in Bitcoin, never use borrowed funds or money for daily needs, because that's clearly not good and is high risk. The first thing I would tell someone is that. Then, secondly, I would definitely recommend buying Bitcoin on an exchange and explain the steps thoroughly. Then, thirdly, I would definitely explain how to create a non-custodial wallet, because that's clearly safer than storing your Bitcoin on an exchange.

I think those are the three points I would share with someone who wants to invest in Bitcoin, as I believe they are the core importance of investing. Because when it comes to other things, buying is a must, like a buying strategy. Because basically, if the capital they're using is cold funds, it will obviously still be good regardless of the buying strategy they use.

[jcojci]

- Learn about choosing a wallet and protect the wallet.
- Learn about Bitcoin investment and the DCA methods.
- Learn how controlling your emotions over the price fluctuation.

Those three things are broad lessons so you can explain more to beginners and make sure they understand. Learning about Bitcoin investment needs time and can't be done overnight so beginners should finds more lessons they need so he can understand.

[Agathamay]

1. Trust no one on the internet
2. Don't learning, so you should learn before you invest
3. Not your key, not your coin (always prioritize your safety)

I believe with this three points, one can go a very long way in the industry and mind you, make sure you always do your personal research and findings before jumping into conclusions on anything you hear on the internet and cryptocurrency market because you are solely responsible for whatever actions you decide to take.

[The Cryptovator]

There is a lot of information about Bitcoin, and I think this can make it difficult for beginners to know what they should learn first.
If you had to choose only three lessons for someone who is completely new to Bitcoin what would you choose?

Advice won’t be just limited to only three things if it’s related to Bitcoin. Since you want to see the most important advice, then here would be mine:

1. Potential risk of Bitcoin investment.
2. How to secure funds after investing and how the Bitcoin & wallet system works.
3. Patience, since Bitcoin isn’t a quick-rich scheme.

These are definitely for new users; old users already know these things. I feel these three are very important to tech when someone new tries to enter Bitcoin.

[Somegory]

A new Bitcoin user OP said, not someone who wants to start learning Bitcoin, both are not the same thing, a new Bitcoin user is already into Bitcoin, probably buying and holding already.

Here is my advice for such person..

1. Nothing is more important as your source of income, if you don't have one don't start buying Bitcoin, we are not in the time where using pocket money to invest into Bitcoin will do you anything, Bitcoin is no more $200 per coin.

2. Bitcoin investment is not a get rich quick scheme, we have the word HODL because that's the only thing that works in Bitcoin, if you want to invest be ready to hold for a long term to see rewards.

3. Don't try earning dividends on your Bitcoin, if you come across such offers they are either scam or a way that will eventually lead to loss of your Bitcoin, staking doesn't work with Bitcoin, if that's what you want to do then consider investing in Ethereum as well for staking purposes.

[aoluain]

The 3 things I would teach a newbie to Bitcoin before they go off exploring themselves.

1. - How to separate the Bitcoin market from Bitcoin the technology.

* the 4 year cycle
* how the market is fuelled in part by human emotion

2. - How to control your emotions

* about FOMO, FUD and patience
* how to play a long game

3. - Buying and storing

* DCA and Buying the dips
* self custody

I believe these to be essential because they are the topics most touched on and questioned by
newbies and sometimes after they have gone and done something silly.

[Awaklara]

Most beginners are interested in trading or investing in Bitcoin with the hope of making a profit quickly. The things influencers say that beginners hear seem easy to do, but what really matters is their knowledge of the possibilities that can happen in the market. 
So the first thing that needs to be addressed is financial management. Beginners should know the safe amount of money they can invest. 
Next is market knowledge, relating to risks and how to prevent them. 
The last thing is how to buy and store it.

[ImGenius]

There is a lot of information about Bitcoin, and I think this can make it difficult for beginners to know what they should learn first.
If you had to choose only three lessons for someone who is completely new to Bitcoin what would you choose?

I am especially interested in answers based on real experience rather than just general advice. What did you understood when you first started?

For beginners, of course, there is a lot to know about Bitcoin, but since you mentioned three things, I will mention only the three things. I am giving the answers according to my experience.

• learn how to buy small amounts safely and never buy more than you can afford to hold for years
• Difference between Bitcoin and other cryptocurrency
  
• learn more about practical security habits like phishing, social engineering, backups these are most important

I have experienced these things myself, such as buying Bitcoin quickly, but after a few days I had to sell it for money, which caused a slight loss.

[HajiBagi]

1. It isn't a get-rich-quick scheme. If you came for the money, be patient because it takes time, hodl, and be aware it isn't smooth-sailing going to the destination.

2. It's supposed to provide you freedom; use it accordingly. Take note that freedom here isn't freedom from working hard, poverty, government neglect, inequality, and the like. It's freedom from monetary debasement, bank control, and government monetary tyranny. Owning Bitcoin doesn't mean you won't have to flip burgers anymore.

3. It comes with heavy responsibilities, quite a long list of dos and don'ts, and things to learn and unlearn.

The first thing i will teach a beginner about bitcoin is how be a good patient investor, and not to see bitcoin as a way of making quick money. This is the the best thing we can teach the new investors, because most of them all think about how to get rich when they invest in bitcoin. If they put all their mind into getting rich quickly in bitcoin, it will lead them to be an impatient investors who can not hold bitcoin for a long time, and for a person to become a successful investor you have to be able to hold for long term.

Although the first that step every beginner should know is how to buy bitcoin and store it, before teaching any beginner how to buy bitcoin, i will first give them good advice to see if they are ready, there are some people who only want to start investing just to make a profit, so it would be a good idea to explain to them before they start blaming you after they have invested.

[Rhow]

If I really had to choose three things, I would explain to a newbie the risks at the beginning. I would clearly explain that Bitcoin is not a way to get rich. I would explain to him that although Bitcoin is a strong asset in the long run, he needs to plan ahead for its volatility. I would explain to him that if he wants to take risks in Bitcoin, he needs to buy with money that he can't touch for many years.

Then I would advise him to start with small amounts. Because when someone starts with small amounts, he can also experience real life. Although it is possible to learn a lot by studying and researching, there is an opportunity to learn through real life experience in the beginning.

I would teach him about self-custody, wallets, security, scams. Because even if these are not mandatory for him to start, when he starts saving and gradually improves, it will become mandatory for him to learn these. Because even though he can start buying from exchanges with small amounts, his own wallet and self-custody are definitely important for saving in the long run.

[Livingleged]

Limiting my advice to only three things might be a little tight for me to express my self as there are a lot to tell but I’ll try.
-A newbie in the bitcoin means he just had his first bitcoin to him self or planning to acquire his first. Then my advice for him would be he make sure he acquires his bitcoin from legitimate platform or a reputable p2p platform and not get scammed from the very beginning.

-After acquiring he should know about custody, what holding coin in a custodial wallet and non custodial  wallet mean and the risk involved.

-The third thing I can’t miss out is the seed phase security. how important and delicate it can be if exposed to a stranger that you don’t trust.

[YellowSwap]

Honestly newbies are into crypto to make quick buck and when they hear about holding they got discouraged, the few who don't want to give up will start looking for a way around it like DeFI Yield platforms.

It's the same reason why many of them looks into altcoins instead, why do you think that people prefer meme coins to others? Because of quick gains, go on Robinhood app and FOMO app you will see them there.

Investing on memecoin with 600k marketcap and hoping to exit at millions in marketcap, some people have doubled or even make life changing money this way, but I will never do the same because it's gambling, this is unfortunately what the newbies want.

[tbct_mt2]

Honestly newbies are into crypto to make quick buck and when they hear about holding they got discouraged, the few who don't want to give up will start looking for a way around it like DeFI Yield platforms.

You have bitcoin that is valuable, and recognized as one of best investment assets in many past years as well as huge potential for further adoption growth, value growth and ROIs in future years, that means you don't have to chase for any yield given by any DeFi platforms.

Because Bitcoin is Proof of Work, not Proof of Stake and you can not stake your bitcoins in your non custodial wallets. The risk cost of earning yield is selling your bitcoin, buying Wrapped Bitcoin tokens, and stake those tokens on DeFi staking pools. It has many risks, first big risk is you no longer have bitcoin but have shit wrapped tokens. Second risk is the DeFi platform and staking pool, you can lose your tokens if they scam you.

Definition of tokens.
Bitcoin returns vs major asset classes.

[BlackHatCoiner]

Three things I would tell a newbie:

• Learn technically how Bitcoin works so that you understand how a signing device works. Then, buy yourself one to make your life easier and to sleep easy at nights. Learn about self-custody.
• Read the Bitcoin standard and the Fiat standard. Understand how deeply money is integrated in our lives.
• Hodling is not the hard part. The hard part is stacking, and in order to stack, you need to increase your cashflow. So focus on your cashflow. The "investing your money" part was solved by Satoshi.

[Arthurpendl]

There is a lot of information about Bitcoin, and I think this can make it difficult for beginners to know what they should learn first.
If you had to choose only three lessons for someone who is completely new to Bitcoin what would you choose?

I am especially interested in answers based on real experience rather than just general advice. What did you understood when you first started?

If I could teach a new Bitcoin user only 3 things, I'd probably keep it very simple.

1. Learn what you're actually buying. Don't just buy Bitcoin because someone on YouTube, Reddit or Twitter says it's going to $500k. Understand why Bitcoin exists, what problem it is trying to solve and why people value it.

2. Learn how to protect it. This is probably more important than learning how to trade it. Understand private keys, seed phrases, wallets and the difference between holding your Bitcoin yourself and leaving it on an exchange. Not your keys, not your coins.

3. Don't treat it like a get-rich-quick scheme. Bitcoin can go up massively, but it can also fall hard. Don't put your rent, emergency fund or money you can't afford to lose into it. And don't let a 20% drop convince you that you need to panic sell or revenge trade.

I'd also tell them to be very careful once they start hearing about the "next Bitcoin". There will always be someone telling you that some altcoin is faster, cheaper or going to replace Bitcoin. You don't need to chase everything.

Take your time, learn first and buy only when you actually understand what you're buying. That's probably more valuable than any price prediction.

[uchegod-21]

Firstly, I will teach them what Bitcoin is. Many people have heard the name "Bitcoin" but have a very strange and false understanding of what Bitcoin is. Till date, some persons still see Bitcoin as a ponzi scheme and a get-rich-quick scheme. The first goal will be to make them know what Bitcoin truly is and how to accept Bitcoin naturally without any negative motive.

Secondly, I will teach them how to buy or earn bitcoins if they are interested in having some. They don't need third parties to buy bitcoins for them, this is something they can do on their own if I teach them how to do it.

Finally, I am going to teach them how to store their bitcoins properly. Knowing how to store their bitcoins will also come with security tips on how to secure their bitcoins. Newbies are very vulnerable, scammers target them alot.

[hmbdofficial]

There is a lot of information about Bitcoin, and I think this can make it difficult for beginners to know what they should learn first.
If you had to choose only three lessons for someone who is completely new to Bitcoin what would you choose?

I am especially interested in answers based on real experience rather than just general advice. What did you understood when you first started?

Well, if I’m to teach a newbie anything first about bitcoin it has to be understanding bitcoin itself by letting him know that bitcoin is a network with a consensus rule, not just an investment or an app as it may seem to any newbie.
Secondly, I’ll dive towards explaining what wallets and private keys are and how they work together in bitcoin transactions.

Then lastly I’ll also make sure he make some small transactions to understand everything better while inspecting, that way he can understand what input, outputs, UTXO, fees and other things related to transactions better.