He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
You should explain how to buy, transfer and store Bitcoin. Also you ought to explain all advantages of Bitcoin over fiat money. Maybe he will get interested in defi-projects or in trading so you can tell him about different ways to make money on this market. But don't forget to warn him about scammers and that he mustn't tell anybody his passwords and seed phrases. 
Topic: How to explain Bitcoin to Newbies - page 11. (Read 1398 times)
This more of a rhetorical question.
You make use of the internet and ask all of this ?
Although,this can be gotten from YouTube and in the help area/board
Do well to spend more than an hour vor two learning about Bitcoin and how it operates.
You make use of the internet and ask all of this ?
Although,this can be gotten from YouTube and in the help area/board
Do well to spend more than an hour vor two learning about Bitcoin and how it operates.
the first, if the reason he is interested in the crypto world is because he is tempted by easy profits as said, then you can provide an understanding in advance about the advantages and risks of bitcoin and other crypto. because for new people it is not easy to be able to learn well and be willing to accept the risks that can be obtained if one day he joins the crypto world and finally succumbs to the situation. if he can understand that and wants to continue then you can suggest this forum for him to read first to increase his knowledge.
Be upfront that there's more than meets the eyes here. Just be frank with him that this is not always an easy path to earn profits. He has to know the truth or else, he will have false expectations in this market. A lot of newcomers will come and check about crypto because they have seen the price level in the recent days. But if the price is going down, they may start thinking again about their involvement. What the OP can do is just be honest about his experiences and share his crypto journey, because for sure, it is not all sunshine and roses.
the first, if the reason he is interested in the crypto world is because he is tempted by easy profits as said, then you can provide an understanding in advance about the advantages and risks of bitcoin and other crypto. because for new people it is not easy to be able to learn well and be willing to accept the risks that can be obtained if one day he joins the crypto world and finally succumbs to the situation. if he can understand that and wants to continue then you can suggest this forum for him to read first to increase his knowledge.
There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
you use bitcoin, right? then explain to your friend exactly how you have been doing since the first day you met bitcoin until today, if you can still send and receive bitcoin, you can hodl or spend it then explain that to your friend, you don't need to go into more technical details, explains what you've learned since you met bitcoin. a lot of people are not in this market to know about technical details, they are for profit so explain what they want and not what they don't want
If you're expecting a detailed lesson, I'll point them to the Bitcoin Wiki site to learn, I think it's a complete bitcoin library that explains it in a simple and beginner friendly (understandable) way.
Many beginners fail to enter crypto because the teacher's mistake is to give too many references that he doesn't really want to know like, what are altcoins with hundreds of different mechanisms.
Many beginners fail to enter crypto because the teacher's mistake is to give too many references that he doesn't really want to know like, what are altcoins with hundreds of different mechanisms.
When there's plenty of resources, they might get overwhelmed with it and that might even leading to confusion on their part since there's a lot of resources. So best option would be to use the wiki to learn the basics of Bitcoin and then proceed to know how they want to participate in crypto whether as a bitcoin investor, or trader.
Their is not too ways to educate whoever that have interest in bitcoin, the only thing to do, is to let it know bitcoin through following measure.
(1). Applying YouTube video tutorials
(2). Introducing the person to bitcointalk forum, and the person should mind this two boards below, Bitcoin Discussion
Board and Trading Board.
(3). Conduct a personal tutorial or impact your best of knowledge cryptocurrencies especially bitcoin to the interesting
one like your friend
(1). Applying YouTube video tutorials
(2). Introducing the person to bitcointalk forum, and the person should mind this two boards below, Bitcoin Discussion
Board and Trading Board.
(3). Conduct a personal tutorial or impact your best of knowledge cryptocurrencies especially bitcoin to the interesting
one like your friend
You can introduce this forum to your friend and ask him to read so many good recommendations in every section. You can try to teach him the investment side of cryptocurrency, and don't try trading if he doesn't have an interest in trading.
In investment, you can tell him to buy at a low and keep it for a while and do that constantly every week or month.
But before that, you can ask him what he wants from cryptocurrency. And if he asks you what you get from cryptocurrency, you can teach him based on your experience. That will be the best for him to learn from your experience and build his passion for cryptocurrency.
In investment, you can tell him to buy at a low and keep it for a while and do that constantly every week or month.
But before that, you can ask him what he wants from cryptocurrency. And if he asks you what you get from cryptocurrency, you can teach him based on your experience. That will be the best for him to learn from your experience and build his passion for cryptocurrency.
My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
There are a lot of things to learn about Bitcoin, so if he’s going to be asking what Bitcoin is simply all about, is just a peer to peer transaction method. With that said, if he’s talking about investments and how he’s going to go about that, there are a lot of things that he can do in the Bitcoin market: he can choose to be a trader (which is a day trader) or he can just be an investor that would be going long term investments.Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
Then I think you should make him understand the risks that are involved in investing his money in Bitcoin, because someone might have told him that they earned a lot of money from Bitcoin doesn’t mean that he is also going to make that much within a short time, he will need to have patience and invest what he can afford to risk.
For beginners there are many things he must know to jump into the world of bitcoin, especially they must be ready to face the risk of every investment or participate in a project, and for beginners must read first every rule in this forum so that he does not violate, most importantly he always wants to ask if there are problems that are being faced in this forum, And to get results, we need patience in investing and following reward projects, because the results we get today are not as easy as we think and we listen to others.
There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
Show him the forum and he will find extensive guides to know each and every technical aspect of bitcoin working and most importantly your friend will get correct information without any misguidance over the internet who are promoting shitcoins by defaming bitcoin.There are lot of things like how btc works, transactions and all other things and how to stay away from all the negative vibes and ponzi schemes.When he will truly knows what bitcoin is he will like it not afraid of it.He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
To be honest, I got to know Bitcoin more after being active in this forum, so it's really good to suggest newbies to be active in this forum. Actually
there are many articles scattered on the internet about Bitcoin, but if we are not careful we will get misleading information. The problem is
the newbie will have difficulty filtering the information obtained on the internet, then the best way is to join this forum and read all the topics
about crypto in this forum, if there are those who do not understand can join the discussion in this forum. I believe slowly newbies will understand
how Bitcoin works, and understand how to use Bitcoin.
There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
Show him the forum and he will find extensive guides to know each and every technical aspect of bitcoin working and most importantly your friend will get correct information without any misguidance over the internet who are promoting shitcoins by defaming bitcoin.There are lot of things like how btc works, transactions and all other things and how to stay away from all the negative vibes and ponzi schemes.When he will truly knows what bitcoin is he will like it not afraid of it. He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
Yeah in that case, you should make an effort to find out why they asked this question. Possible that they have been approached by a ponzi scheme promoter trying to sell their affiliate link like a predator. Those "get-rich-quick" statements point me towards that suspicion, so better to correct their possible misguidance.Quote
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies? Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
I think the best way to do this is through a personal discussion. Talk to them and explain what bitcoin is, use such threads to refresh your own knowledge instead of telling them to read it because in 99% of cases people dont read but they want to listen to someone. 
Add in the facts that scams happen in crypto rampantly and there is no check on scammers because they use the pseudo-anonymity provided by crypto to their advantage.
There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
It's not the same as making money using bitcoin. If you only want to learn about bitcoin, you can simply google it or watch one of the many tutorials available on YouTube. There are a variety of ways to earn bitcoin, the most well-known of which is purchasing bitcoin and holding it for a period of time. However, this method is risky and does not guarantee that you will profit. Try trading as well, but be aware that it is still extremely dangerous.
Just tell him to buy Bitcoin or some other coins at least in the top 10 of the CMC ranking and then hold them for some time. Of course, there are things to avoid also like scams, hacks and phishing so one has to be careful with everything. And you can also direct him to this forum and any other good sources online. Now, am not actually surprised why the sudden change of heart of your friend as Bitcoin is now gaining momentum in the mainstream media and the population. In 2022, am seeing more popularity of Bitcoin especially if there would be another country that will adopt BTC as an official tender.
His friend has the idea to make money effortlessly by buying BTC, I think that's all he needs to know. He just wants to buy BTC just like the new investors today without having to learn BTC. I don't think his friend is interested to learn about Bitcoin but just to earn, what he needs to learn is trading on a platform.
If I have to teach him about Bitcoin I would just say a few just to spark his interests like BTC has a ledger called blockchain and all transactions we do appears there and that Bitcoin has 21 Million supply only which is why its value is gonna grow bigger every time. And then give him the link to bitcoin.org
If your friend is an adult and understands using the internet, don't bother explaining it in detail. just explain the basics and don't explain too much about the advantages and benefits of a good bitcoin because it makes your friends too excited to do it.
I personally prefer to explain the risks and losses when involved with bitcoin because it will make him more careful and also aware of the risks and losses that must be known and studied well.
then if there is a question related to bitcoin just give an accurate and appropriate link to the question and most importantly he wants to read it well, if he is serious he will do well without you having to explain it and also arrange everything because if something goes wrong he can't blame You.
there are many ways to find out and learn what is needed about bitcoin or other crypto on the internet, you tube and so on and it all depends on his efforts.
I personally prefer to explain the risks and losses when involved with bitcoin because it will make him more careful and also aware of the risks and losses that must be known and studied well.
then if there is a question related to bitcoin just give an accurate and appropriate link to the question and most importantly he wants to read it well, if he is serious he will do well without you having to explain it and also arrange everything because if something goes wrong he can't blame You.
there are many ways to find out and learn what is needed about bitcoin or other crypto on the internet, you tube and so on and it all depends on his efforts.
There's a friend about Bitcoin last 2 years who have no interest in it but I was surprised when he came to me last week to tell me what he need to know about Bitcoin. I asked him why the sudden change of heart, he told me about the testimony he hear from someone and how he would have made enough profit effortlessly.
He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
Tell him that if he is investing in bitcoin because he heard that someone made "profit very easily", then he shouldn't invest in bitcoin or any crypto currencies. He should know that bitcoin won't make him rich overnight. Let him know that crypto currency investments are long term investment. Since he is a newbie, he doesn't need to know how the blockchain or bitcoin works. Just show or teach him how to send/receive bitcoin, how to store it securely and some basics. That would be enough. If he is really interested in bitcoin, we will learn the rest eventually. He's still a newbie. My question is, is there a way or link for to explain Bitcoin to newbies?
Apart from the forum rules and regulations is there a thread on this forum that explains in detail the whole concept of crypto currency on this forum?
He might be hearing only good things about Bitcoin investment especially during this ATH so you must also tell him the risks of it. Some people see Bitcoin as a shortcut to success but if you'll tell him that it isn't as easy as what he thinks, he might have a proper mindset before entering it. It needs patience and courage so he better be ready emotionally and financially because Bitcoin is too volatile. Also, he needs to do his own research continuously for him to know how to deal with the market.
If you're expecting a detailed lesson, I'll point them to the Bitcoin Wiki site to learn, I think it's a complete bitcoin library that explains it in a simple and beginner friendly (understandable) way.
Many beginners fail to enter crypto because the teacher's mistake is to give too many references that he doesn't really want to know like, what are altcoins with hundreds of different mechanisms.
Many beginners fail to enter crypto because the teacher's mistake is to give too many references that he doesn't really want to know like, what are altcoins with hundreds of different mechanisms.
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