Advice to a Friend - page 2. | Bitcointalksearch.org

macson

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

"The advancement is so fast. Can they just slow down" this is coming from a friend who is a noob and still trying to find his way around Bitcoin.

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned. He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up. Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point. Most times, this can be really overwhelming. I think there is a fear of missing out here and being behind. What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

there are some claims that say that it is the development of Bitcoin ^{(such as lighting network or brc 20)} you should remind your friends not to focus on that first, tell your friends to learn in advance about the basic concept of Bitcoin through the bitcoin whitepaper ^{(can be found via searching on google)} because it's very important so he doesn't make mistakes understanding.

brc 20 or the ordinal protocol concept has subsided, so it's of no use anymore for your friends to learn about it, just focus on Satoshi's vision and mission because that's pure.

m2017

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

"The advancement is so fast. Can they just slow down" this is coming from a friend who is a noob and still trying to find his way around Bitcoin.

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned. He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up. Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point. Most times, this can be really overwhelming. I think there is a fear of missing out here and being behind. What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

I have a counter question for you about your friend. Has he already bought a bitcoin for at least a couple of bucks to practice live or is he studying the theoretical info about it? Why load he's head with unnecessary information (at the moment) about updates if don’t have a complete understanding of the basic things yet. Let him first experiment with the available material, and only then move on to more complex things. There is no need to run headlong for new updates when the current issues are not all resolved.

jrrsparkles

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I assume he is an investor because he started to invest and willing to learn further but there is no need to confuse with the technical knowledge much or some shitcoins trying to mess with Bitcoin in one or another way.

Ask him to keep the things very simple, keep accumulating the Bitcoin should be the goal not to give any attention to the FUDsters.

Daniel91

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I really don't think there is a need to always be informed about everything and know and understand everything about something, why? After all, technical details aren't for everyone anyway.
In order for someone to benefit from bitcoin, one does not really need to understand all the details, but it is important to understand what is the purpose of bitcoin, what is its potential and to know how we can best use this potential. I really wouldn't worry too much about the rest.
If your friend invested money in bitcoin, then the only important thing is that he knows how to analyze market movements, that he knows the basics of investing, that he has a concrete investment plan and a clear exit strategy.

isaac_clarke22

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

"The advancement is so fast. Can they just slow down" this is coming from a friend who is a noob and still trying to find his way around Bitcoin.

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned. He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up. Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point. Most times, this can be really overwhelming. I think there is a fear of missing out here and being behind. What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

This might be off-topic but please bear with me since I kinda relate somehow to the topic.
Back when I was learning software development, I was also getting overwhelmed by lots of stuffs to learn. I am pretty sure that web development was just like HTML, CSS and then Javascript until I read about the other frameworks like what the fuck are these. That led me to being overwhelmed on this whole journey in my own career.

Turns out that I don't need to learn all those stuffs anyway. As for your friend, you don't need to learn everything. There's just way too much to absorb in learning Bitcoin. Surely not everyone here knows BRC-20 and not everyone here knows how to mine Bitcoin (count me in as price of rigs here in my country is insane).

If your friend only knows how to be a hodler, that's perfectly fine. If s/he wants to learn more stuffs related to Bitcoin just take it one step at a time. It does not have to be one day journey.

Quote from: Poker Player on June 03, 2023, 03:12:00 AM

Simply that he should not become obsessed with it, that he should learn little by little. I don't have a great technical knowledge but with the passing of the years I know a little more and more, without reaching the level of those who comment in the technical sections, most of whom I suppose have degrees in computer science, computer engineering and careers like that. What I do understand more is the economic or monetary part.

So, as I said before, let him go little by little, he is not risking his life in it. If he acquires Bitcoin as much as he can, he will have a better future.

While I do have some technical knowledge in CS and IT, technical stuffs in Bitcoin is not really my cup of tea. It might not be for everyone anyway. Kudos to those who have extensive technical knowledge in Bitcoin. Cheesy

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

Learning something new can get bored and not encouraging to continue when you begin to imagine and ask yourself if you will be able to catch up and learn and understand everything you need to know to have a level of understanding. As someone learning something new, you just need to keep learning through everything and feeling of discouragement you have until one day when you will find the link and finally understand everything and the modifications that have been made including the reasons for it. My advice to your friend is to keep learning, it will make sense one day.

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned.

He must try from basics. Learning basics and mastering basics for his benefits like safely store his bitcoins, safely make transactions, understand transaction fee, mempool, fee size, fee rate and are able to save transaction fee with enough fee rate and Segwit address. Some more basic things like control inputs, outputs with Coin Control features, Change address.

I believe those things are enough for him to learn and practice if he does not want to learn coding.

Quote

He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up.

Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point.

Learning about newest technologies is not necessary for him if he is not a developer. If he feels overwhelming, he can stop and focus back to basics.

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Simply that he should not become obsessed with it, that he should learn little by little. I don't have a great technical knowledge but with the passing of the years I know a little more and more, without reaching the level of those who comment in the technical sections, most of whom I suppose have degrees in computer science, computer engineering and careers like that. What I do understand more is the economic or monetary part.

So, as I said before, let him go little by little, he is not risking his life in it. If he acquires Bitcoin as much as he can, he will have a better future.

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

-snip-
What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

Bitcoin is only one, no two or three.
Teach what you know about Bitcoin (BTC).
If your friend is a beginner, tell him that there is only one Bitcoin so you don't get confused with other names such as Bitcoin Cash, Bitcoin SV, Wrapped Bitcoin.
Explain the difference to your friend.

Kindly convey to your friend how to safely store Bitcoin that he has invested so that he doesn't lose it.
Don't forget to tell you to store assets in a trusted wallet with good security because storing exchange assets is very dangerous.

348Judah

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work.

I understand the demands from work place and how tired and busy one could working under someone but still yet, giving a 30 minutes sacrifice to learning about bitcoin is still not good enough, for though if that could be within the week and maybe by weekend give it some hours to learn more, i think that will be more better because bitcoin is as bulky and voluminous as he had said earlier, but it takes a determined person and his teacher to help the learning process get faster..

Quote from: alastantiger on June 02, 2023, 03:52:39 PM

What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

He should first concentrate on his learning ad growth first because if you begin to elaborate discussion on ordinals to a newbie he will keep getting confused the more, he should take one step at a time, despite the ordinals challenge the bitcoin network is never down and that does not stop the eagerness for more bitcoin adoption all over the world, but a newbie will take all these as fear of missing out.

Asuspawer09

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

"The advancement is so fast. Can they just slow down" this is coming from a friend who is a noob and still trying to find his way around Bitcoin.

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned. He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up. Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point. Most times, this can be really overwhelming. I think there is a fear of missing out here and being behind. What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

I mean yes the technology is upgrading day by day and the Ordinals and BRC-20 is a new thing in Bitcoin but it doesn't really matter since we can all learn this thing yes there is a fear of missing out here, and its always a thing on cryptocurrency, bitcoin, market, etc. If you really want to keep up with things just continue learning for sure you're going to learn what you needed, Ordinals and BRC-20 are just new hype on the cryptocurrency work.

One of the things here is you don't really need to always keep up there will always be new things in the crypto world, if you don't get on that new hype you could always get on the need one don't you do not need to always get in since that can cause you a lot of lose.

Zilon

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Keeping up with the constant innovations, updates and improvements around Bitcoin is never an instanteanous process. It is always best to start simple get well grounded in the basic then gradually and consistently follow up with the updates and improvements. Trying to understand everything all at once will lead to more confusions. For a start it should just be kept at understanding Bitcoin its p2p network, how to buy, best means of storage and how to avoid scam.

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Funnily enough — Bitcoin's advancement is actually quite slow, which is totally understandable because everything needs to be done really really carefully. Ordinals and BRC-20 is actually the only thing that's interesting that we had in a good while.

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Advancements in the Bitcoin space is a bit slow imo, we have proposals like Taproot, ordinals and BRC-20 coming very far between unlike some other blockchains that makes full blown changes very regularly.

That being said you don't need to keep tabs with every major improvement or update and certainly should not rush into them when you're still trying to grasp previous ones. The most important thing is that they understand the basics and how to properly handle their security when storing their bitcoins and when making a transaction.
New updates sometime required attention such as how ordinals affects transaction fees, but you can do this over a couple of articles and inquiries here, without getting too technical about it.

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

"The advancement is so fast. Can they just slow down" this is coming from a friend who is a noob and still trying to find his way around Bitcoin.

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned. He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up. Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point. Most times, this can be really overwhelming. I think there is a fear of missing out here and being behind. What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

Your friend is on the right track at the moment, but the problem is he wants to process everything in a single go, which is not possible, you should advice your friend not to hurry, because it will give him problem in the future , tell him to take it slow and one step at a time, this is not a race, timing and patience is very important, he should be cool and relax when making decisions, to avoid mistakes in the future.

ThemePen

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This is technology my dear it will grow day by day. And this is trend. And trend is friend. By the way this Brc-20 and ordinals are the new development but this is un- official. Because after Satoshi there is no owner so there is no official announcement. This is the trend so take advantage from this.

And say him don't confuse just try to use when he will use than he will get more knowledge by using.

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Quote from: alastantiger on June 02, 2023, 03:52:39 PM

"The advancement is so fast. Can they just slow down" this is coming from a friend who is a noob and still trying to find his way around Bitcoin.

He already invested in Bitcoin some time ago and tries to dedicate at least 30minutes to 1hour to learn about Bitcoin after work. Recently when we met and we're discussing about his learnings and what new thing he has learned. He started to mention the latest advancement in the Bitcoin space from Bitcoin ordinals, BRC-20, etc. and how he gets confused trying to keep up. Because it is like as soon as he's trying to understand on concept another new one is springing up somewhere. I get his point. Most times, this can be really overwhelming. I think there is a fear of missing out here and being behind. What advice do you have to give to my friend who is trying to juggle getting grounded in the basics and keeping up with these latest update on Bitcoin?

I think your friend should focus more on Bitcoin. He doesn't need to worry much about BRC-20 because there are new things coming every day and often when a guy is new he gets confused easily. The only person who can be successful in this market is those who keep an eye on the things around them but do not panic because of them. If he is learning about Bitcoin then that is great and he should not worry about Bitcoin because it is a crypto currency that will never be lost.

Everyone is aware of the importance of Bitcoin and no one should have any doubts about the potential of Bitcoin.

Darker45

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Learning about Bitcoin and keeping up with the latest are probably two different and conflicting things. To somebody who is already exposing himself to Bitcoin, he can't avoid stumbling upon latest updates and controversies surrounding Bitcoin, but he can't put his entire focus on them yet. Surely, there will be lessons learned and knowledge gained in reading what's new in Bitcoin, but the basics are probably worth learning first.

The issue on Ordinals, for example, won't be interesting to somebody who doesn't have the background. That Chipmixer is seized by international authorities, for example, might be puzzling to somebody who doesn't even understand why such a service is important.

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The technical changes that are taking place in the recent period are very accelerating, but you do not need to understand everything new, but rather to know whether the new will affect you or not, so far I have not gone into the details of BRC-20, but I am aware that it is not the update that will bring about a change, but rather like other things, people deal with it for a while and then They are looking for something new, the real development of Bitcoin takes a long time and you can safely track these changes.

The advice is to watch credible YouTube channels and check out some of the events, and you will find that your information is up-to-date.

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Just enjoy every feed that he's seeing in the market, whether they are new trends or hype, the learnings will be there and that's the important thing that he has to extract out of those. It's okay if he's taking it slowly, there's no need to rush, and there's no competition that he needs to get ahead of time. Remember that. Because that's probably what he's thinking on his mind and it's not really a requirement as long as he's invested in it. Just keep on doing what he's started of dedicating his time in learning.

Topic: Advice to a Friend - page 2. (Read 462 times)