Bitcoin Forum
September 23, 2026, 07:36:02 PM *
News: Latest Bitcoin Core release: 31.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: D problem of explaining bitcoin to someone who never used online banking before  (Read 30 times)
Queen uloma (OP)
Sr. Member
****
Offline

Activity: 350
Merit: 255



View Profile
Today at 04:54:40 PM
 #1

Most times, when we explain bitcoin, we Dey always assume say the person don already understand waiting digital finance be. We Dey always talk about wallets, seed phrases, private keys addresses and transactions as if them Dey very fast to understand. But how you won take explain bitcoin to somebody way never use online banking before.

Imagine someone way only Dey familiar to physical cash. Telling dem to download wallet, write their seed phrase down and send bitcoin to address fit dey somehow to them. For me I think bitcoin education suppose start with   Simple things that people can be able to understand, before you even introduce the technical side of it.
Dis is important becos teaching people how to buy bitcoin without you teaching dem how to protect am fit put dem for risk of losing their money, through scams, and poor wallet management

So if u get the chance to explain bitcoin to any Nigerian way never use online banking before, where you go start from? You go explain the problem way bitcoin solve, or you go teach them how bitcoin wallets Dey operate.

Sammye3
Sr. Member
****
Online Online

Activity: 448
Merit: 251


Rollbit Solana| Hhampuz Management


View Profile
Today at 07:05:46 PM
 #2

You can never teach a newbie everything about bitcoin on the first trial, some things are self taught and others are taught with guidance from an expert. How do you expect to start teaching someone about bitcoin without first talking about wallets and seed phrase? That should be the basic criteria to start with, before diving into the technical aspect of it.

Some people invest in bitcoin without much knowledge of the technical aspect but the knowledge of wallet and bitcoin security. It should not be challenging to understand what wallets are in comparison to banks, it's safe to make it less complicated for beginners to avoid passing the wrong initiative.











██
██
██████
R


▀▀██████▄▄
████████████████
▀█████▀▀▀█████
████████▌███▐████
▄█████▄▄▄█████
████████████████
▄▄██████▀▀
LLBIT
██████
██
██
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████████████
 
 TH#1 SOLANA CASINO 
██████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████▄
▀▀██████▀▀███
██▄▄▀▀▄▄████
████████████
██████████
███▀████████
▄▄█████████
████████████
████████████
████████████
████████████
█████████████
████████████▀
████████████▄
▀▀▀▀▀▀▀██████
████████████
███████████
██▄█████████
████▄███████
████████████
█░▀▀████████
▀▀██████████
█████▄█████
████▀▄▀████
▄▄▄▄▄▄▄██████
████████████▀
[
[
5,000+
GAMES
INSTANT
WITHDRAWALS
][
][
HUGE
   REWARDS   
VIP
PROGRAM
]
]
████
██
██
██
██
██
██
██
██
██
██
██
████
████████████████████████████████████████████████
 
PLAY NOW
 

████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
Tongley
Member
**
Online Online

Activity: 252
Merit: 76


View Profile
Today at 07:23:57 PM
 #3

I would never want to teach such people about Bitcoin. Even if I had to, I would first warn them about the volatility of Bitcoin and the uncertainty of making a profit by investing in Bitcoin. Because such people have no knowledge and if I tell them to invest in Bitcoin and tell them the good points of Bitcoin, they might be willing to invest and when they see a market crash, they might sell their holdings to avoid facing huge losses and they would blame me for that loss. So I would never teach such people about Bitcoin or encourage them to invest in Bitcoin.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!