Topic: How to explain BTC to family members？ - page 2. (Read 1142 times)
I remember telling this to my sister and she was like, is that illegal? The authorities might still detect your presence right?
this is like a coin but in the digital world. Maybe that will give them a perspective. I guess. Really difficult
Tell them it's like a virtual money..or is it? Can't think of any way how to simplify it without telling it's the same with any fiat.meh
Ohh you mean scam? multi level marketing? Why are they making one? Don't they like the currency now? I imagine the questions running thru every one of my family members mind if I explain this to them 
Explain your family how Bitcoin produced and the benefit of it in transferring money from anyone to anyone everywhere with low fee and fast. And even more if you own Bitcoin you can trade it by the difference on price through pairs on crypto exchanges.
it would be hard. It's like your teaching a calculus to a grade 2 student. Try explaining to them what are the benefits of investing in bitcoins first. In that way, they will be more interested and will listen to every detail you say about bitcoin.
Tell them that Bitcoin is a logical evolution stage for a financial system.
Tell them to do some research for themselves and watch youtube videos
Tell them to do some research for themselves and watch youtube videos
Don't 
. No, I'm kidding. But do imagine you're trying to explain it to you grandparents. There's an adage from Einstein:
“You do not really understand something unless you can explain it to your grandmother.”
― Albert Einstein
Try to explain the idea, not technology. The vision, not the price that everyone is talking about right now. And if they ask you for buying or trading recommendation, never guarantee anything, make sure they understand the risk and do everything on their own responsibility.
. No, I'm kidding. But do imagine you're trying to explain it to you grandparents. There's an adage from Einstein:“You do not really understand something unless you can explain it to your grandmother.”
― Albert Einstein
Try to explain the idea, not technology. The vision, not the price that everyone is talking about right now. And if they ask you for buying or trading recommendation, never guarantee anything, make sure they understand the risk and do everything on their own responsibility.
You can make him watch a couple of videos on Youtube about Bitcoin
Agree. Youtube videos about Bitcoins is the best way to explain. You may also read some information's about Bitcoins in this forum itself to gather some knowledge and share with your family.
You can make him watch a couple of videos on Youtube about Bitcoin
Agree. Youtube videos about Bitcoins is the best way to explain. You may also read some information's about Bitcoins in this forum itself to gather some knowledge and share with your family.
Don't do it... I did.. I fault!
I tried to do it but the family was not supportive, which my mother told me is to be careful with bitcoin, I could lose money from it
Cause she is right, you have to be clever with it and patient cause you could lose almost everything and after that invest in the best thrash coin ever, crypto could broke you like hazard!
You can make him watch a couple of videos on Youtube about Bitcoin
Explaining bitcoin to a family member will depend also on who you will introduce bitcoin. Approach will be different also, is it to a young family member or one that is internet user and gadget addict who can easily grasp or to an oldies who reached senior citizen age without any gadget. However, bitcoin can easily be catch up because theres so much news and answers that can be found here, we can google always.
Some people find it hard to explain how Bitcoin works. For example, they ask: What if the computer breaks down? Money will disappear? Tell them as easily as possible. Show them the video, explain how the blockchain works.
I explained to my family that BTC is a currency, and my father said, "just like the dollar?" 
Bitcoin is the first block-chain currency and it's the most successful and very well known proponent - which is why it has become more-or-less synonymous with the technology. Bitcoin has become the poster-coin of blockchain technology
If your family is aware for all the high changing technology of society, probably it is easy for you to explain it to them. Bitcoin is a digital currency that currently trends on crypto community. It values a lot, show them proof on how to earn money using bitcoin i'm sure they will believe you and surely get interested in this field.
My son told me about bitcoin, and I'm trying to understand what bitcoin is, I came here and need help from everyone
I tried to do it but the family was not supportive, which my mother told me is to be careful with bitcoin, I could lose money from it
There is this Medium post I read last year and it's quite awesome and really explanatory: https://medium.freecodecamp.org/explain-bitcoin-like-im-five-73b4257ac833
Also all of this would be quite easy actually if you have some backup in the family (like a brother or a father who is at least a little bit tech-ready)
Also all of this would be quite easy actually if you have some backup in the family (like a brother or a father who is at least a little bit tech-ready)
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