How to explain Bitcoin to Newbies - page 6.

Dr.Osh

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Quote from: bitzizzix on November 14, 2021, 08:08:01 AM

Now this is a digital era and almost everyone uses a smartphone which in my opinion must have expertise in finding information or something they want by using the internet on their smartphone.
and I mean if they want to learn or know bitcoin seriously they will definitely use their smartphone to help them find the information or knowledge about bitcoin they want, and if any newbie wants to learn or ask me just give the link basic knowledge and so on about bitcoin, and most importantly he is not lazy to read and is serious about working on it because the results will be good if there is effort and willing to study seriously.

agree with this. The internet is the greatest source of information. if he really wanted to know about bitcoin from people, they would most likely direct him to the internet. whether it's from videos or from articles, everything is already available there.
however, some people sometimes want instant explanations, and easy to understand. well, it's the same as wanting to continue to be fed. however, if he was really serious, he would really seek information regarding this. if it were me, I might explain the risks first, then provide a reference to find out more about bitcoin.

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Quote from: Myleschetty on October 22, 2021, 04:30:15 PM

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.
…

That's exactly it ... trust. Your friend trusts you and you show him how Bitcoin works. The first decision is trust. If people had more trust in Bitcoin, millions of people would buy More BTC because the Blockchain. The network is perfect and cannot be manipulated in theory. If you trust a bank, you can blindly trust the blockchain..i think the blockchain technology is perfekt. After the financial crisis in 2009, everyone should be skeptical with banks.

I think it is trust! Ledger says: Vires in numeris

ReiMomo

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Quote from: dezoel on November 14, 2021, 10:59:09 AM

There isn’t really much a lot of things to talk about when you’re introducing Bitcoin to them. First I believe they already know that Bitcoin is used for transaction, and for investments as well. So, now they already know the basic use for Bitcoin, it is now up to you to explain to them how to make use of these cryptocurrencies, and how they can invest in it. You have to explain to them the best wallets to make use of, and the best exchanges that they can use fortrading in the market.

For the wallets that they are going to make use of, I am going to recommend that they have both a hot wallet and a cold wallet. A hot wallet is an online wallet, while a cold wallet is one that stores your cryptocurrencies offline. There are lots of hot wallets that they can choose, and as for cold storages, they can choose wallets like Ledger nano S or Trezor. Then as for the best exchanges that they can make use of when they want to trade their crypto currencies, I would recommend that they start with exchanges like coinbase.com or binance.com. this exchanges will be easier for them to navigate, because it’s easy to understand and use.

As of now those who ask about Bitcoin, must be aware of crypto currencies at least to a percentage. What they do expect is, how the bitcoin is earned, where its stored and how the earned bitcoin can be exchanged into local currencies for usage. Other than this, now a days mostly people like to invest their money in purchasing bitcoin. So they require the best exchange and the way to purchase the same.

dezoel

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There isn’t really much a lot of things to talk about when you’re introducing Bitcoin to them. First I believe they already know that Bitcoin is used for transaction, and for investments as well. So, now they already know the basic use for Bitcoin, it is now up to you to explain to them how to make use of these cryptocurrencies, and how they can invest in it. You have to explain to them the best wallets to make use of, and the best exchanges that they can use fortrading in the market.

For the wallets that they are going to make use of, I am going to recommend that they have both a hot wallet and a cold wallet. A hot wallet is an online wallet, while a cold wallet is one that stores your cryptocurrencies offline. There are lots of hot wallets that they can choose, and as for cold storages, they can choose wallets like Ledger nano S or Trezor. Then as for the best exchanges that they can make use of when they want to trade their crypto currencies, I would recommend that they start with exchanges like coinbase.com or binance.com. this exchanges will be easier for them to navigate, because it’s easy to understand and use.

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Quote from: Anonylz on November 14, 2021, 01:05:16 AM

I wouldn't know how to put it in a simple term for a beginner to get it without much confusion, because in my case, I discovered btc and crypto in general on my own with constant research and reading online,
For a newbie to quickly grasp and understand btc, there must be a willingness to research personally, it will make whatever explanation given by someone else to sink in quickly,
Am not a good teacher hence the emphasis on self research which is the best approach to understanding btc and crypto easily.

It doesn't matter if you are a good teacher or not, even without a teaching background could be able to explain it but the problem is how to make it simple and so it was very easy for the listeners to get the idea and could also be easy to understand. In fact, even most of us here don't actually understand clearly and many were still in doubt.
However, learning won't just take a single day, a single session nor do we just rely on one source. But with the help of the internet makes these newbies gain additional idea and information as well.

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First you have to explain the risks if he join? enter in bitcoin transactions where many unexpected things will happen for example fraud, prices drop , you may explain it first before you explain what is beautiful about bitcoin

after he understands you teach about how to deposit, trade and withdraw
besides that you also give your friends a video tutorial on youtube about what bitcoin is and how it works

bitzizzix

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Now this is a digital era and almost everyone uses a smartphone which in my opinion must have expertise in finding information or something they want by using the internet on their smartphone.
and I mean if they want to learn or know bitcoin seriously they will definitely use their smartphone to help them find the information or knowledge about bitcoin they want, and if any newbie wants to learn or ask me just give the link basic knowledge and so on about bitcoin, and most importantly he is not lazy to read and is serious about working on it because the results will be good if there is effort and willing to study seriously.

Anonylz

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I wouldn't know how to put it in a simple term for a beginner to get it without much confusion, because in my case, I discovered btc and crypto in general on my own with constant research and reading online,
For a newbie to quickly grasp and understand btc, there must be a willingness to research personally, it will make whatever explanation given by someone else to sink in quickly,
Am not a good teacher hence the emphasis on self research which is the best approach to understanding btc and crypto easily.

Ebede

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At this point of time newbies don't have learn bitcoin in any form, were bitcoin can be learn is many such as social media, through bitcointalk community you can learn perfectly through it, secondly YouTube videos is the another area bitcoin can be understand full, so other ways to understand bitcoin is many

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Quote from: Prince Malik on November 13, 2021, 09:25:41 PM

Bitcoin and crypto can be explained in few words for the one who want to understand, but for the one who want to invest and get involved is really complicated, as you can see there is alots of traps in the crypto world and every newbie can fall into one of them easily so a newbie is always vulnerable, You will need alots of time to explain what is a crypto project and how we can no the legit ones and how to avoid scammers and will also need to give example for each case for sure

The other day i was explaining about bitcoin to my friend but it took a lot longer than i expected to tell him the basis. He had so many questions and each question needs a bit of explanation. I thought telling anyone about bitcoin would be easy but this is actually not the case. You need to have a patience with all the questions newbies have about bitcoin.

Prince Malik

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Bitcoin and crypto can be explained in few words for the one who want to understand, but for the one who want to invest and get involved is really complicated, as you can see there is alots of traps in the crypto world and every newbie can fall into one of them easily so a newbie is always vulnerable, You will need alots of time to explain what is a crypto project and how we can no the legit ones and how to avoid scammers and will also need to give example for each case for sure

ropyu1978

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I think there are a lot of beginners who don't understand how the bitcoin investment system works because to explain something about the world for beginners it's very difficult where they don't understand the ins and outs of bitcoin investment where the price tends to go up and down so with what has been invested today this, we can't say it will be a good result, especially for people, because of course everyone, especially beginners, want to get instant success like what has been achieved by miners who have been in the world for a long time.

Hippocrypto

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There's a lot of link about Bitcoin for newbies. If ever you can't find even just one, you can also search it through the internet since all the information you want to know about Bitcoin is already in the internet. You can also give him youtube videos or google links that explain about crypto. Because from the story itself we know what your friend aim, is to get a lot of money from crypto. The same as what I did before, and the reason I learned a lot is because I worked hard to educate myself about cryptocurrency. If he was really interested, then he would look for the information little by little.

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Quote from: kotajikikox on November 12, 2021, 05:42:13 AM

Quote from: karanggatak on November 12, 2021, 05:03:54 AM

the fact is, money make people feeling thirsty, and who refuses to be rich? just to the point what he look for, when try to find money, just explain slowly how to deal with it and dont forget to avoid dangerous thing like scam and the other.
and dont forget to warn, if you too lustful, it will bring to loss

let them learn , we need nothing to explain because it will be more difficult for them to understand .
the internet is more than enough for newbies to learn.
give them links and just follow up with their questions.

Agree, explaining to them like children is probably overkill and most of us are not trained in teaching styles, the instruction will have its bad points and explain according to our thinking, perhaps each lesson will take a few extra hours to find the common ground between our conversation and the new person. Besides, the age of learning about bitcoin is also quite different, the slow absorption of some components can make us angry and make non-standard statements, we don't want to let new people judge us rude and disrespectful, it's better for them to learn the general curriculum which is Youtube and our role is to advise more knowledge.

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Quote from: virasog on November 13, 2021, 01:14:19 AM

Quote from: ropyu1978 on November 11, 2021, 08:01:41 AM

My personal experience is getting to know bitcoin, because of the help of a friend who has always faithfully guided me, and always taught me to know bitcoin, he taught me about using bitcoin, he taught me about scams, how to store bitcoin, and how to sell to avoid scams..

You're are lucky to have a friend who knows about bitcoin and he helped you also get knowledge about it. When i started to know about bitcoins and crypto, i was all alone searched the google and this forum to get as much information as i can. I did not have anyone near to know who know about bitcoin. However, once i got knowledge, i did transfer it to my family and friends

Same here, and the reason I learned a lot is because I worked hard to educate myself.

Without people teaching us to learn in crypto, I guess that is more effective as we start from the very start and have more sources on the information that we would know, until now, I still continue learning and I don't close my mind with the new knowledge especially on the investment knowledge as that's the reason why we are here.

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Quote from: topbitcoin on November 12, 2021, 11:45:31 PM

I think just give him youtube videos or google links that explain about crypto. Because from the story itself we know what your friend aim, is to get a lot of money from crypto. Although it is what most of people in here aim too, but for people who only want to be rich quickly, they wouldn't care about technology or anything related to crypto, they will care if you tell them how to get profit instantly.

I think this sounds better, I think the friend of OP or let's say if I am the one that wanted to learn about crypto and asking my friend to teach me I would already appreciate if he can give me a links on youtube that I can watch on and legit google links where I can acquire more knowledge. If he will going to teach me it would be a great help but it's not his responsibility to teach me by the way unless I would going to pay him for teaching me. However, I am also glad that I have a friend who knows a lot about this platform and never hesitate to share his knowledge with me but in myself I'd still made my own research about the crypto platform and market on my own.

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Quote from: ropyu1978 on November 11, 2021, 08:01:41 AM

My personal experience is getting to know bitcoin, because of the help of a friend who has always faithfully guided me, and always taught me to know bitcoin, he taught me about using bitcoin, he taught me about scams, how to store bitcoin, and how to sell to avoid scams..

You're are lucky to have a friend who knows about bitcoin and he helped you also get knowledge about it. When i started to know about bitcoins and crypto, i was all alone searched the google and this forum to get as much information as i can. I did not have anyone near to know who know about bitcoin. However, once i got knowledge, i did transfer it to my family and friends

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Most of them are only interested because the price goes up high and viral news about bitcoin. his interest is also not necessarily true to learn this technology . they just want to know how to be rich. whereas if they can understand the basic knowledge of bitcoin, crypto and blockchain it is enough for them to start learning more about other things in crypto. I think it's enough to give a reference to the basic things. if someone is really interested surely he will look for more information. and the information is widely distributed on the internet freely.

The backend working of Bitcoin is totally technical and many people who lack those skills will find it hard to understand how the transactions are made and how wallets store your funds.But the simple part for investors is to hold them as financial investment tool to gain profits in the long run if they just hold it.But for those who are interested in understanding how it works needs to be familiar with all the basic functioning if not too deep but slowly many more people will understand it and come to know about it.Almost everyone want profit but btc will give freedom along with profits to you and that's the best part.

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Quote from: Myleschetty on October 22, 2021, 04:30:15 PM

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?

I think just give him youtube videos or google links that explain about crypto. Because from the story itself we know what your friend aim, is to get a lot of money from crypto. Although it is what most of people in here aim too, but for people who only want to be rich quickly, they wouldn't care about technology or anything related to crypto, they will care if you tell them how to get profit instantly.

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Quote from: kotajikikox on November 12, 2021, 05:42:13 AM

let them learn , we need nothing to explain because it will be more difficult for them to understand .
the internet is more than enough for newbies to learn.
give them links and just follow up with their questions.

It is simpler and very efficient to provide knowledge to beginners about bitcoin. because on the internet there are many articles and videos that explain what bitcoin, cryptocurrency and blockchain are.
Just how they newbies learn and don't just depend on others.

If we explain from scratch we will not be able and better to do other jobs than having to become their personal teacher.

Topic: How to explain Bitcoin to Newbies - page 6. (Read 1398 times)