*What is really interesting about Bitcoin*

[CryptopreneurBrainboss]

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.

[Brizi5000]

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.

[Nheer]

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.

[Dr.Bitcoin_Strange]

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.

[Y3shot]

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.

[MainIbem]

...

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).

[Mate2237]

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.

[BItcoin Guy@]

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.

[gracreavix]

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.

[Humblevirus]

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.

[Itz-prisigold]

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.

[Tongley]

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.

This is not just a bit risky but an extremely risky decision. To be honest, if a person comes to me to learn about Bitcoin or wants to learn about Bitcoin, I first tell them about the risks involved in investing in Bitcoin and then I discuss everything else with them. I never tell them that you should start investing or that you can invest.

To start investing, a person needs to know about several things like how Bitcoin works, how secure the Bitcoin network is, etc. A person needs to know everything, then only he will be able to cope with the market decline. A person who invests just by hearing the name of Bitcoin will never be able to hold his investment in a sustainable manner and will sell his holdings during the decline, which is very likely.

[Fiasem20]

To me bitcoin dey interesting in ehn own way although most articles dey like compare ham with other investment vehicles like gold and stock but the thing be say bitcoin never old reach all those investment vehicles especially gold,all those investment vehicles don dey exist tay tay even when Satoshi neva been create or think to create him own invention.Even as bitcoin neva old e still dey among one of the outstanding investment vehicle for the world,and even despite ehn bearish market bitcoin dey still perform better,adoption fit look slow but bitcoin dey widely known for the world.So in my own opinion wetin make bitcoin interesting be say even the government wey been dey plan to destroy am years back don dey buy them dey hold for the long term.

[Umulala-alala]

While it is good to support bitcoin investment, I totally disagree with the idea of pushing bitcoin as the only profitable or secure investment. Infact, as I have always said, I wouldn't advice anyone to focus on one investment alone. Diversify your portfolio if you want to succeed.

Fine, fiat is out of the picture but gold? Common man, say something else. But bitcoin, gold, real estate are all valuable investment, so make your choice. As for me, I'll go for all. For those who do not have spare cash to invest in all, you could start with one (possibly bitcoin), then you can diversify as your income increases.

Another one. Forget about telling people about bitcoin investment for your own safety.

Bitcoin is a long term investment and it shouldn't be what people will see as a source of income, bitcoin won't give any daily or weekly profit but there are other investment and businesses that will give daily to weekly return so diversification is necessary to be successful.
I think it's even difficult to see some one who is investing in bitcoin with out having other means to earn income because i believe it's from there that the discretionary income which will be use to invest in BTC will come from, bitcoin is an asset for future benefits.

[Charcol]

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.

One of the cool features of Bitcoin for me is that I can potentially manage money without the approval of anyone else, and send money directly to another individual. Bitcoin is actually not completely anonymous, but rather pseudonymous. It's like our names are not written on the Blockchain. The transactions, addresses and amounts are still public records. If my bitcoin address is somehow connected to my identity, my past bitcoin transactions can be tracked as well. Hence, special measures are advised to safeguard privacy. I love Bitcoin because it provides me the monetary control. But there is a price for control, that is responsibility.

[EarnOnVictor]

-snip-
Bitcoin reverse is the case your transactions and you funds are completely safe and secured without any fear or threat.

Don't make people to be absolutely sure that reverse is Bitcoin's case. If they are careless about it, they could still fall a victim, just as those ones you listed above. Imagine the person who was careless enough to invest his Bitcoin in an exchange or other centralised wallets, and after it got much ROI, they now decided to freeze the account. One must be very careful; self-custody is key here.

Also, you need to know that you will still pay taxes on your Bitcoin returns, and this could be high in some part of the world. Importantly, it's easy to keep your BTC, but difficult to still use it without fiat, that's where transactions later got exposed. Unless you just want to keep doing Bitcoin-Bitcoin transactions always, which I highly doubt.

[Oshio-man]

Is a decentralized currency, many countries and citizens are tied of centralized currency that is control by d government and any decisions government take is what citizens will embrace, which is a big challenge to some people that fall victim to different scammers and high charge of bank officials whenever people want to withdraw funds from d bank, but bitcoin is not control by d government , and buyers and sellers are d ones controlling d price of bitcoin either high or low in d market which is d major thing that make it interesting.

[Youngrebel]

 I think the best way to convince someone about Bitcoin is not to over hype it or tell them that it has no risks knowing fully well that its risky if not cartfully watched most especially volatility and the responsibility of securing your private key for me I can say what have enjoyed most is the financial control and accessibility because bitcoin allows you to have control over your asset and if can be transferred globally without needing a bank to approve your transaction and thats the most sweetest part to me.