Topic: How to explain BTC values to co-worker - page 3. (Read 447 times)

Your explanation is correct that the number of requests to make the value of bitcoin prices always go up, we know with the science of commerce that bitcoin system runs, and the reduced inventory makes bitcoin as a rare and special item.

Well, i tried to explain it to my friends, but they think it's scam. No matter what i tell them, they wouldn't believe it. Always find a way to make an point, how people will get burned, lose all money and its bubble, etc etc. So now i stop explaining.. some people don't trust the currency they can't see.

Trying to explain it really hard. As the market continues to decline and worse news about it makes explaining to my colleagues more difficult. But I often tell my colleagues the volatility of the market is helping many people make a profit that's why we should not scare it.

I just want to clear that it's not backed by government and I hope it's just a typo in your post. Explain them that the powerful technology behind btc which is the blockchain  is what makes it very valuable.

Explain the best way to earn and what does bitcoin to our everyday needs and what is the value of it than our currency .

I think focusing on the decentralization part would definitely help you to explain about Bitcoin and blockchain technology to your friends and co-workers. Never ever going to buy or invest in Bitcoin or any other alternative. Because it is something that the other person might not take in a natural way. Try to differentiate the traditional model of payment on the international level and compare with the benefits that we are getting from using Bitcoin for the same transactions. Also, explain your coworkers about the current limitations of Bitcoin and future scope of it when we will find the solutions for the current issues.

First, let them understand that if they are interested about bitcoin then inform them that there is an opportunity for new comers to earn bitcoin by simply joining the bitcoin forum through signature campaign ad or they will invest on bitcoin. But before that, they should learn and understand how it works since there is always a risk involved. That is why knowledge for the newcomers is a must.

You can't force them to learn what Bitcoin is. If your friend or Co worker doesn't want to know what Bitcoin is then leave him alone.

I will actually let them research on their own at you tube or google about bitcoin on how it works for beginners, how to invest and earn from it. I just think that if people are interested into bitcoin, then they will have to make an effort in order for them to understand the basics since knowledge is an important key to be successful and minimize the unavoidable errors.

Bitcoin is really hard to explain because of its complexity. If your office mate really wants to know more about bitcoin and learn how to use it, it is better to let him do his own research. In that way he will learn easily than telling him what to do and how it works. You will never fully understand bitcoin unless you try it yourself so let them try it and let them explore it like the way you learn about it.

My technique is to send first an email. it includes basic links and fundamentals about bitcoin.. youtube clips. and facts from years earlier Vs now. though i know they wont read it with all of their heart, i will make a run through of my email to them personally,( like a small seminar).. then the hype is on..

If you can't explain it to them well or if they want to know what bitcoin is, let them make an account in this site, little by little, same like me, let them read here and they will get to know all about bitcoin... Just be a guide to them....

OP explain it in easy way like tell them this are investing and trading tools then you need to show this how it works it might hard first but if they see some exchanger i'm sure they will try it because we can earn here and you can show them also your earnings or give them some btc then they will pay you after they earn here in crypto,you can also refer them in some faucrts to earn btc.

it is quite hard to explain bitcoin to others when they do not understand what Decentralized means and they want to compare it in their heads with what they know from a "currency" in the usual sense of the word. and these days it is even harder to explain bitcoin because of the high fees.

before i would have just showed them a couple of places that accept bitcoin such as Microsoft, and made a payment and that was usually enough.
also remember that 1 whole bitcoin is expensive but 1 mBTC or uBTC or 1 satoshi even is not expensive at all and they can always have smaller than 1 whole bitcoin.

It is simple, do not tell anything to them, they are going to bully you for your entire life in there as long as you keep working in there.

This is just an advice, i tried to explain it to some guys and they were just thinking that i was smoking weed before i talked to them about "bitcoin".

I've found a great method to explain bitcoins and crypto to morons normal people.

First, ask then this. "How is you money created". When they try to tell you, correct them. No one has a clue yet everyone uses it.

After that, explain how banks work. You take a currency that's infinite supply and is used to fund the biggest wars known to man, then you TRUST some RANDOM with YOUR money. Why? Oh, because that's what my grampa did. And his dad. And his dad. Yeah okay, but did you know you can be an early investor in something better? This is currency 2.0.

They'll ask about mining, say it isn't profitable and don't get into it BUT it's essential. Basically, you create bitcoins with math. Leave it at that. Just, be like it's a half trillion dollar market, believe me, the math behind this is legit. You heard of encryption? Same type of math here, cryptography. Yeah. It's cryptographicly provenance currency. Not just, okay let's print another few million each day and we'll devalue our currency by 3% every year, year over year, until it's worthless and then we start over. What great logic.

Ask them what the best oldest currency is. Ask them how long a fiat currency lasts. Ask them why they trust a bank with their money when they can hold a better currency themselves and be their own bank. Literally, your phone is a bank. Stop playing them to hold your money.

Explain the success of bitcoin and the progressive of it try to explain in watching youtube stuffs about bitcoin.

To explain them is very easy. The first thing you need to mention is its benefits. Do not say harmful things, it will only show that people do not want to participate.
Show them what you got after participating in ICO projects on the bitcointalk forums and how profitable it was in the past five months. They need to see the benefits of bitcoin and they will automatically take the time to learn. simple.

We can explain bitcoin to our Co workers by telling him the successful effect and how bitcoin can help for our future and answer financial needs

Will in my first heard about the bitcoin a few months ago i thought it was a fraud, but i tried  it out after i had come to know some people making money on it.I think many people here don't like to hear it, but I would say the currently price is on that number because speculation... People see it's a profitable investment, so they want to try too, so many of them put their money in BTC and push its price up.