How to explain Bitcoin to Newbies - page 8.

kotajikikox

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Quote from: Ziskinberg on October 30, 2021, 06:33:42 PM

Quote from: AhmadM on October 30, 2021, 05:40:09 PM

Quote from: DoublerHunter on October 30, 2021, 04:54:22 PM

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

That's the plan when there someone in our circle wants to know more about bitcoin from us who have been involved with it for years. However, the thing is we couldn't deny the fact that mostly they are want to start generating profits from it asap even we as a mentor don't allow to have such thought, in the worst scenario they might do something reckless later to achieve that.

And that kind of mindset brings them to losses and frustrations, and these people will turn you back asking why it happens? And why did they lose? And I don't have the courage to this kind of people, honestly.
I know and we feel that we need money but that it needs to learn first before stepping in as this obviously results in nothing. If they would love to know about crypto, that they need to undergo the process and stop thinking about instant coz this will drive them to lose their motivations and easily get tired.

The Key word is "ASAP" in which stupidity for a newbie , Imagine you are just entering a market that you don't ever Know and the Mindset is Earning easily and faster? Why not advise them to Bet in LOttery so at least they knew that chance is once in a Billion opportunity .
I never tell people that this market can generate money ASAP but at leas I am telling them that there are small possibility but the majority is to wait and Hold.
Let us not Mislead people because in the end this will reflect on us as they will blame us from their losses and you are the Bad influence lol.

rizqoAD

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To introduce Bitcoin to beginners, you should join this forum, beginners can join the bounty campaign on the forum and they will learn about Bitcoin by reading the forum, over time the beginners will know about Bitcoin little by little. Bitcoin is the main attraction for people who want to work part time, i.e. to generate additional income but if people focus on Bitcoin business I think they will leave their day job and switch completely in Bitcoin business.

Hippocrypto

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Quote from: samuraijin on October 30, 2021, 09:10:22 AM

actually from this forum you can also get many lessons to teach beginners or you can also invite them to come to this forum, all beginners can ask anything in this forum to get answers from experts, usually the first thing that needs to be taught is how to prevent beginners so as not to be trapped by fraudulent investments and always prioritize research before doing anything

Definitely, forum might help newbies understand more about Bitcoin but, I guess they needs also to know why bitcoin created and how it works and especially what strategies they must do to continue having bitcoin with them. It is very important also that they will know more about it especially the risk they might possibly face when they start in Bitcoin. Since Bitcoin is a digital currency that operates on a decentralised network so, it means that every Bitcoin transaction is recorded in a public log and users can remain anonymous in the network with encrypted keys. Transactions can be made with no middlemen – meaning there is no need to go through a bank. Forum might also help them understand more about Bitcoin because they can ask anything in this forum to get an answer to an expert or even an advice on how they will do it.

Ziskinberg

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Quote from: AhmadM on October 30, 2021, 05:40:09 PM

Quote from: DoublerHunter on October 30, 2021, 04:54:22 PM

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

That's the plan when there someone in our circle wants to know more about bitcoin from us who have been involved with it for years. However, the thing is we couldn't deny the fact that mostly they are want to start generating profits from it asap even we as a mentor don't allow to have such thought, in the worst scenario they might do something reckless later to achieve that.

And that kind of mindset brings them to losses and frustrations, and these people will turn you back asking why it happens? And why did they lose? And I don't have the courage to this kind of people, honestly.
I know and we feel that we need money but that it needs to learn first before stepping in as this obviously results in nothing. If they would love to know about crypto, that they need to undergo the process and stop thinking about instant coz this will drive them to lose their motivations and easily get tired.

AhmadM

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Quote from: DoublerHunter on October 30, 2021, 04:54:22 PM

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

That's the plan when there someone in our circle wants to know more about bitcoin from us who have been involved with it for years. However, the thing is we couldn't deny the fact that mostly they are want to start generating profits from it asap even we as a mentor don't allow to have such thought, in the worst scenario they might do something reckless later to achieve that.

bitzizzix

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Quote from: DoublerHunter on October 30, 2021, 04:54:22 PM

Quote from: Slow death on October 30, 2021, 04:21:37 PM

Quote from: BITCOIN4X on October 30, 2021, 02:27:02 PM

OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

most people enter this cryptocurrency market to make money and for that reason almost everyone learns the basics of bitcoin and altcoin because they are in this market to make money, it is an investment they expect to make a profit when they buy bitcoin and altcoin, so in my opinion are rare cases where people simply asked about bitcoin without intending to invest in bitcoin

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

Of course I would also recommend them to study first until they really understand and understand the risks well so that when they are involved they can be careful.
they are new, and don't tell them the benefits or good things about crypts because that will make them rush and as a result they accept losses and distrust cryptos.

DoublerHunter

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Quote from: Slow death on October 30, 2021, 04:21:37 PM

Quote from: BITCOIN4X on October 30, 2021, 02:27:02 PM

OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

most people enter this cryptocurrency market to make money and for that reason almost everyone learns the basics of bitcoin and altcoin because they are in this market to make money, it is an investment they expect to make a profit when they buy bitcoin and altcoin, so in my opinion are rare cases where people simply asked about bitcoin without intending to invest in bitcoin

^ But the best thing that we had in our mind is that, learn first before thinking of earning.
I don't want to give an idea how they will earn a profit when I introduce cryptocurrency, first I introduce them the potential knowledge that we could get and next how blockchain will work technically. Once they have done that part, I will slowly introduce the way of making a profit until they will have an interest in crypto. We should not talk about profit upon introducing, because they will probably adopt it in a greedy way.

Slow death

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Quote from: BITCOIN4X on October 30, 2021, 02:27:02 PM

OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

most people enter this cryptocurrency market to make money and for that reason almost everyone learns the basics of bitcoin and altcoin because they are in this market to make money, it is an investment they expect to make a profit when they buy bitcoin and altcoin, so in my opinion are rare cases where people simply asked about bitcoin without intending to invest in bitcoin

BITCOIN4X

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OP, tell them about the basics of bitcoin and let them start learning more if they want to know the technical stuff about it. I think a beginner just needs to know what bitcoin is, how to use it, store it and trade it. It would actually be easy to explain something about bitcoin to those who are interested and have an interest in certain things like investing, trading, mining or its function as a currency. So I think the OP needs to know what your friend is interested in before you try to teach him.

famososMuertos

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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?
...//...:

There is nothing to add to answer how to explain someone bitcoin, it is well documented in the free access Internet, if you do not understand it, then read it until you understand it, it is not that difficult as a idea basic, I mean! nowadays we have to change that idea of "I have to teach bitcoin" or "I have to explain bitcoin "seriously!
We must start to create more ideas in the discussion, read and study the documentation on bitcoin brings a lot of questions, but the best thing in the process is to start dreaming up project ideas ... but please not ask for a link for newbies.

samuraijin

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actually from this forum you can also get many lessons to teach beginners or you can also invite them to come to this forum, all beginners can ask anything in this forum to get answers from experts, usually the first thing that needs to be taught is how to prevent beginners so as not to be trapped by fraudulent investments and always prioritize research before doing anything

Hypnosis00

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Quote from: GeorgeJohn on October 30, 2021, 03:28:44 AM

Quote from: lvsca on October 27, 2021, 11:11:18 AM

They can't be given an understanding of theory, but we have to show that we've been successful here, teach them about blockchain technology, and the advantages of investing. They will be very quickly attracted by profits.

Actually everyone who devote out time to learn cryptocurrencies especially bitcoin, the major objectives of the person is to learn the rudiments of bitcoin via detecting the measure of it's profit. I think many people have rendered different points via learning bitcoin, we can learn basic knowledge of bitcoin from different dimensions, through bitcointalk community here, someone can acquire the knowledge, through online YouTube videos someone can aslo acquire the knowledge through there.

If that he likes to learn about crypto, he certainly makes diggings on the internet as this was the major source of information aside from bitcointalk forum. But I don't think if he could manage to handle the stress in this form of investment because of what he heard (easy money, effortless investment) this could affect his decision and that possible to discontinue especially when he suffers losses during his first try.

I think OP, you should teach your friend not to believe in easy money, quick returns investment as this is far from the reality.

Dread Pirate Roberts

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

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?

the most important thing in my opinion is to explain how the system of blockchain and mining is. in order to avoid misconceptions about how to get bitcoin. and more about the basics in bitcoin. such what is blockchain. mining . exchanges and maybe some historical moment in crypto.Actually, there are many videos on YouTube that explain with animations about bitcoin and what crypto really is . that are very easy to understand.

GeorgeJohn

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Quote from: lvsca on October 27, 2021, 11:11:18 AM

They can't be given an understanding of theory, but we have to show that we've been successful here, teach them about blockchain technology, and the advantages of investing. They will be very quickly attracted by profits.

Actually everyone who devote out time to learn cryptocurrencies especially bitcoin, the major objectives of the person is to learn the rudiments of bitcoin via detecting the measure of it's profit. I think many people have rendered different points via learning bitcoin, we can learn basic knowledge of bitcoin from different dimensions, through bitcointalk community here, someone can acquire the knowledge, through online YouTube videos someone can aslo acquire the knowledge through there.

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Quote from: andriarto on October 26, 2021, 08:58:11 PM

I think the first thing we can explain is the risks and rewards of bitcoin. because most of them are certainly oriented to big profits in a short time. so that they are not disappointed, then for me that is the main thing to apply. after they understand of course we can start learning about the others

Yeah the disappointment that happens when I reveal to them that others have been lying to them about bitcoin being a "get-rich-quick" scheme almost makes them leave the thoughts away forever and they are no longer interested in it. I agree that making money is a point but those who have been fooled to believe that bitcoin is such will be making the same mistake again and since the number of scammers in this sector are at significant, they need to be taught carefully.

I hope OP's friend has been informed and explained already, I suspected it to be a similar case. Remember that there is no easy way to make money - the people who bought bitcoin at three or lower digits had to make a tough choice at their time too and so are people doing today hoping to see it rise and be able to profit. This was the risk they took and it gave them a reward. That takes time and effort and some difficult mental decisions.

catur123

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Maybe this can help you explain to your friends about bitcoin to understand more about bitcoin itself.
https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj
https://www.lopp.net/
https://cryptodetail.com/
https://github.com/bitcoinbook/bitcoinbook

You can also tell your friends to read on the bitcointalk forum:
https://bitcointalk.org/index.php?board=1.0

Hopefully what I give can help you to explain about bitcoin to your friends.

lvsca

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They can't be given an understanding of theory, but we have to show that we've been successful here, teach them about blockchain technology, and the advantages of investing. They will be very quickly attracted by profits.

Wawa2013

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Newcomers need to pay close attention to discussing bitcoin. A newcomer knows nothing about bitcoin. If he misunderstands this, he will suffer a great loss. I think who inform him to learn about bitcoin he needs to share the negative sites first and then the positive. Should be remember that of course newcomers should not be encouraged to invest in this platform.

Newbies who do not have knowledge of Bitcoin, should not be in a hurry to invest in Bitcoin. Because if a newbie does not understand how Bitcoin
works, of course it will suffer losses if forced to invest. As I've said many times, never invest in something we don't understand. So for newbies learn
all things about Bitcoin first, including the advantages and disadvantages of Bitcoin, this way, newbie will have a better understanding of the decisions
they have to make. How to explain to newbies is not easy, they have to start from basic knowledge first. If we are lazy to explain to newbies,
we simply show this forum for newbies to read various topics about crypto. Because I think this forum is complete enough for newbies to get
the information they really need to know before deciding to invest in Bitcoin.

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In general, I would not advise all beginners to start with bitcoin, because many people hear about bitcoin and all newbies think that they will get rich at the expense of it, because everyone succeeded and we will succeed, but only these newcomers on the exchange turn into hamsters, buy for the whole cutlet, bitcoin and it falls sharply down, they immediately fix the loss in a panic, or they all merge into a deep minus and this is only good for the whales.

Topic: How to explain Bitcoin to Newbies - page 8. (Read 1398 times)