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Author Topic: *What is really interesting about Bitcoin*  (Read 246 times)
CryptopreneurBrainboss
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Today at 07:53:39 AM
 #21

I was just pondering on this question when I started going into making certain research and reading some articles on Bitcoin because I really wanted to know why Bitcoin.  If I should convince a man who knows nothing about Bitcoin to start using Bitcoin what should I tell him,  what convincing words should I tell him or how do I make him believe in Bitcoin and start to use and invest in Bitcoin.

It can't be one thing, everything is interesting about Bitcoin even the things we call the flaws of the currency because all those are what makes Bitcoin that interesting. The realization of Bitcoin begins a system that totally depends on decentralization and it's working so well, what's there not to be interesting. Price appreciation is another thing that's worth being interested about. How the Blockchain functions, not needing an approval from the banking systems to still be functioning. We can go on and on about what's making Bitcoin interesting because they're many but I think what's most interesting should be the real ownership aspect of Bitcoin, you own your own money and have complete control without any restrictions but for that to be, it has to be in a non custodial wallet.

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Today at 09:12:38 AM
 #22


I was just pondering on this question when I started going into making certain research and reading some articles on Bitcoin because I really wanted to know why Bitcoin.  If I should convince a man who knows nothing about Bitcoin to start using Bitcoin what should I tell him,  what convincing words should I tell him or how do I make him believe in Bitcoin and start to use and invest in Bitcoin.

Let's look at some digital assets like gold, cash in banks, real estate and stocks. In all of this digital assets there can be one related set back or the other let's start with your gold gold can be seized at boarders you can not hide it or sneak it into any country so you need some rigorous processes to clear.
If you talk about your money in the bank of course the government can inflate and even make policies that will control how much you can access or spend and thereby making you not to be in full control of your own funds.
I just didn't want to talk about the real estate because the taxation on the real estate is just too much and it can also be seized too if there is any form of violation of protocol.
Your stocks is still under some sort of control by your broker who can decide to lock your account but in  Bitcoin reverse is the case your transactions and you funds are completely safe and secured without any fear or threat.
If you are talking about things that makes bitcoin really interesting, there are lots of them to talk about. It depends on how different individuals view bitcoin but the most important aspect of bitcoin is its decentralization which allows people to use it without relying on government or central intermediary which means it’s a financial freedom and gives people the security and privacy they need for their money. You can only educate people about bitcoin and not to convince them to invest in bitcoin. It is left for everyone to decide if they should invest in bitcoin or not after learning about bitcoin and how it works since we all have our various reasons and views about what makes it interesting.

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Today at 10:27:47 AM
 #23

There are so many things that is interesting about Bitcoin and if you try to compare it to stock market, Gold or the fiat system that is fully regulated by the government, there will be more advantage of using Bitcoin for transactions and wealth accumulation to what you have compared it with. If Bitcoin was not good enough, there would have been so many articles and frequent comparison with Bitcoin.

The uniqueness of Bitcoin is the decentralized nature where you can send money while being anonymous on the blockchain.
The transparency of the blockchain has made Bitcoin far different from what you have listed in comparison making it hard to compromise the blockchain that aid the storage of transaction data.
There are really so many advantages Bitcoin has over gold or fiat aside from the fact that they are regulated by the government. Bitcoin has proven to be among the best investment of recent times and there's no one that can dispute the fact. Bitcoin's decentralized nature gives people the financial freedom they need and also privacy. Bitcoin might not beat gold and fiat in all categories but it has good benefits that is enough reason to choose it over fiat and gold. The freedom alone Bitcoin offers is enough reason to use Bitcoin so convincing someone shouldn't be difficult if they really understand what financial freedom is.

 
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Today at 11:13:41 AM
 #24

Like Judith already stated, trying to convince someone to invest on Bitcoin is not something you should do, let the person convince themselves after you must have given them the important education about Bitcoin. There are people that after you must have convinced them to invest on Bitcoin, if anything goes wrong, they will put the blame on you, telling people that you deceived them and you won't want to be in such a situation where someone blames you for trying to help them adopt Bitcoin that is supposed to be a big advantage to them.

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Today at 11:18:54 AM
 #25


I was just pondering on this question when I started going into making certain research and reading some articles on Bitcoin because I really wanted to know why Bitcoin.  If I should convince a man who knows nothing about Bitcoin to start using Bitcoin what should I tell him,  what convincing words should I tell him or how do I make him believe in Bitcoin and start to use and invest in Bitcoin.
Trying to convince someone to invest in Bitcoin is just like luring them into it without any understanding; they just have to accept it based on what you have told them. There is no need to try to convince anyone to invest in Bitcoin; you just have to tell them exactly what Bitcoin is, the benefits of investing in Bitcoin, and the advantages of using Bitcoin are enough to make one interested in it. We don’t need to convince people to accept Bitcoin, but we need to let them understand, and they can make their own decisions based on what they understand about Bitcoin.

The hardest thing one could do is to convince people to accept or invest in Bitcoin. If it were easy, Bitcoiners in the early days would have convinced so many skeptics that we wouldn't even have many people who criticize Bitcoin, but time made people accept Bitcoin, not any conviction.

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Today at 01:03:07 PM
 #26

...

It can't be one thing, everything is interesting about Bitcoin even the things we call the flaws of the currency because all those are what makes Bitcoin that interesting. The realization of Bitcoin begins a system that totally depends on decentralization and it's working so well, what's there not to be interesting. Price appreciation is another thing that's worth being interested about. How the Blockchain functions, not needing an approval from the banking systems to still be functioning. We can go on and on about what's making Bitcoin interesting because they're many but I think what's most interesting should be the real ownership aspect of Bitcoin, you own your own money and have complete control without any restrictions but for that to be, it has to be in a non custodial wallet.

Yeah you're right, it has lots of interesting features that someone can't just focus on one, cause if you talk about being decentralized, how about being used as inflation hedge, that aside, how about the ability to self custody and also main wealth in form of storing value. Although the ability to control my own money is very impressive, anyone that's been frustrated by the bank before would really get the point. Truth, using self custody wallet is the only way self sovereignty can be achieved cause storing with centralized exchanges is almost like the bank (giving access to third-party).

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Today at 01:42:32 PM
 #27

For me if I want to explain bitcoin to someone that knows nothing about bitcoin, I won’t start by telling them that there’s money in bitcoin. I will first of all explain the freedom aspect and how bitcoin works.

Unlike traditional bank, gold, or property bitcoin can move across borders without carrying physical asset, and you have full control over your money without depending on bank.
I will also educate him about the risks  involve, it’s good to learn and also use money that you can afford to lose.
Absolutely, the value of Bitcoin is not just based on the fact that it increases in value but the freedom that comes with it, for the fact that itt gives users absolute ownership without the supervision of a traditional bank makes it worth using. The idea of introducing people to Bitcoin and telling them that they are going go become rich through it isn't a good idea, even though this is possible for them to achieve overtime it's not really a good headstart for beginners just like you said.


The aspect of teaching risk management is very important, this is the part that a lot of people neglect but it is the first thing they must understand before they can start making an investment so that they don't end up making any decisions that affects their Investment in the long run.

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Today at 01:45:15 PM
 #28

I think it's necessary for you to focus on yourself and understand how things work before thinking of convincing someone else to invest in Bitcoin. Sometimes I don't know why we always have this mindset of convincing people who are not interested in Bitcoin; it is absolutely not advisable at all because Bitcoin investment is not a get-rich-quick scheme.

Let people who are interested in Bitcoin make their own decisions, so that In case anything happens along the way, you will be able to defend yourself without any issue.

Bitcoin is free to learn, when you’re serious to understand how bitcoins works, by learning, you will understand everything better. When you’ve not get full knowledge about bitcoin, and you’re trying to convince someone to invest in it, will makes you have issues with the person you guide, because if the price didn’t go well, he will hold you responsible of is losing.

Is good to teach someone how to benefit from what you’re doing, so that he can have is own way of getting profits when it goes well. But forcing him, or try to convince and tell all the advantages without telling the person the challenges, you will be blame. What is always good is to guide who ever is interested to invest, not a random users that you think can be interested.
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Today at 02:44:29 PM
 #29

Your last statement though. Just want to talk on that. You said Bitcoin is secured free from any fear and threat. That is to an extent. There is still a form of risk involved with Bitcoin. Take for instance the several hacks to both decentralised and centralised wallet. So it's secured yes. But it is to an extent. It's not totally immune. Let's even leave hacks. If you lost your keys to your wallet, it is gone. There is nothing like a link to click to take you to forget keys to retrieve it. If you mistakenly kept your keys words anyhow and someone finds it, then the person that access your keys. If you send your Bitcoin to the wrong address, it is gone too. Your transactions are displayed publicly online. So, in essence, there is still forms and various risk involved with Bitcoin. But the gain far out ways the risk. Best let people know the good, the bad and the ugly side of things.

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Today at 03:03:17 PM
 #30

I was just pondering on this question when I started going into making certain research and reading some articles on Bitcoin because I really wanted to know why Bitcoin.  If I should convince a man who knows nothing about Bitcoin to start using Bitcoin what should I tell him,  what convincing words should I tell him or how do I make him believe in Bitcoin and start to use and invest in Bitcoin.

If you are trying to convince someone to invest in Bitcoin or start use Bitcoin, if anything should go wrong , you the person who convinced them to invested in Bitcoin will be held responsible. Convincing someone to invest in Bitcoin is like trying to force them to invest with the idea of not telling them the truth about Bitcoin but might only tell them the good side of Bitcoin and never mention the bad side, which is a very bad idea.The best way is simply to introduce Bitcoin to them and tell them the positive things they need to know about Bitcoin, as well as the negative things. Encourage them to do their own research. If they go further, do their research, and understand Bitcoin for themselves, they can make their own decision about whether they want to start using or investing in it.There are many interesting things to learn about Bitcoin. If someone takes the time to learn about Bitcoin and understand how it works, they may become interested in using it or investing in it.

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Today at 04:36:31 PM
 #31

If you are trying to convince someone to invest in Bitcoin or start use Bitcoin, if anything should go wrong , you the person who convinced them to invested in Bitcoin will be held responsible. Convincing someone to invest in Bitcoin is like trying to force them to invest with the idea of not telling them the truth about Bitcoin but might only tell them the good side of Bitcoin and never mention the bad side, which is a very bad idea.The best way is simply to introduce Bitcoin to them and tell them the positive things they need to know about Bitcoin, as well as the negative things. Encourage them to do their own research. If they go further, do their research, and understand Bitcoin for themselves, they can make their own decision about whether they want to start using or investing in it.There are many interesting things to learn about Bitcoin. If someone takes the time to learn about Bitcoin and understand how it works, they may become interested in using it or investing in it.

I agree with this. Trying to convince someone to see reasons with you to invest into Bitcoin can be somehow risky, it best for you to explain the basic things about Bitcoin to the individual and let them make the decision by themselves. I believe it's important that the individual knows what Bitcoin is actually useful for before even considering investing.

There are some individuals might hear about Bitcoin price and then put all their concentrate on how they'll make quick gain without knowing what they are purchasing. If the person actually understand the basics, knows the dangers involved with Bitcoin, and still thinks Bitcoin is beneficial to them, then it is actually their choice.

Much better than trying to force the person because you think Bitcoin is going to be successful, and if at the end Bitcoin start crashing that individual will panic because he or she was never aware of the risk involved. And in most cases that person will end up putting all blames on you.

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✔ Rainbot
✔ Daily Quests
✔ Faucet
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