Topic: How will you teach bitcoin if someone does want to know coming from you? - page 2. (Read 675 times)

How did you know about bitcoin?

how is it possible that you are using bitcoin until today, even in your words not being someone who has a great knowledge about bitcoin?

if you can use bitcoin, then all people can

Crypto IMHO, is 'speculation' not 'investment'. It is the closest thing to finding out about 'a venture capital investment' that I will ever have...as insider billionaires do. (2013).

Thus, IF you think there are really only going to be 21 million BTC and 86% have already been mined and BTC is like 'virtual land'. It is hard not to HODL.

IF you put in $$$ you can afford to lose. That is the real kicker. Investments are stuff you probably can't afford to lose. Speculation on crypto/land or whatever is a different beast.

So it is not that I'm not selling yet (besides panicking at about $3,965 USD BTC price (the horror) of 13 BTC. (now down to only 8 BTC from that). I have an out price after that bit of

backsliding, I will likely be buried with 50% of the BTC Hoard, before selling if it does go tulips. that is my floor.

Anyway, my panic sell aside, when all looked going to sh*t., that is what a lot of us are in HODL mode for. The above way of looking

at how BTC/Blockchain/etc MAY evolve. (again calculated risk and speculation)

It is that the blockchain is not like the Internet run back in the day. If you think 'adoption' is coming. Back in the day with the internet, there was NO
 
money in the 'backbone' internet itself...it was in the 'applications' (Yahoo, Google, Amazon, eBay, etc). With Bitcoin and the blockchain (the bet is) the

money will NOT be in the applications exclusively but reflected in the PRICE of bitcoin as the infrastructure of BTC and applications are developed.

Thus the 'virtual land' analogy. I certainly am in no position now to mine the BTC I did from 2013, thus if I have drunk the kool-aid, this is the HODL plan.

People confuse buying BTC and crypto as an investment...eh...kinda....but to me it is more a speculative venture capital bet that could still go (I hope)

way bigger then we've seen in the past.

If this was ALL about money, I'd have sold my first year, when it went up 10x and taken my 10k and left the table.

I am enamored with the possibilities and not looking exclusively at the liabilities...thus I guess that is what a HODL'er means at this point in time.

Anyway, how I see this. Dubious or not. (then again, I did as stated above, panic and sell 13 BTC (recouped 4 so far), so consider the source on the above rant)

brad

I taught some people or at least I tried to teach people about Bitcoin but their understanding was going nowhere so I basically given up.

Most people basically in 2017 asked me about Bitcoin but they didn't care about the technology, they just wanted to buy some and become rich. And even then I wouldn't get involved because I know that they would get some virus on their computer or get their Gmail hacked and all their BTC would get stolen since they didn't want to spend $100 on a hardware wallet.

I think this is where 99% of the retail market is looking for. They just want a gauranteed way to get rich and don't really care about the underlying technology. The people that care about Bitcoin and changing the world, already most likely know about it and they just do the research themselves by starting with reading the whitepaper by Satoshi.

You can just say that bitcoin is simply a digital currency which has a decentralized nature meaning not controlled by the government. Unlike fiat currency that is centralized and is fully controlled and supported by the government. Bitcoin has no stable price because of its high volatility so anytime price is subject to change.

Start with some brief explanation on what bitcoin really is in terms of internet / virtual goods.
Then move to a real life sort of exchange / transaction into real goods that you achieved / obtained by using Bitcoin to pay for it ofc.
Eventually he will start understanding a bit more the possibilities of Bitcoin and any other crytocurrency.

OP, your post is do different from your thread title, "How will you teach bitcoin if someone does want to know coming from you?" It's really misleading and a lot of posters here took the bait from the topic. From your post, it's not as if the person doesn't like learning about Bitcoin as against your topic title.

Well, I will make it look like a class's in Economics to the learner and start by teaching about money - trade by barter, cowries, fiat, and then Internet coin (Bitcoin and other cryptocurrencies). Then teach several ways of saving these different money types. This is how I get to introduce wallet types for Bitcoin. All that should induce more interest in the person before we dive into other aspects of cryptocurrency.

The best way to teach someone about bitcoin is show him what you are doing and let him do it also. That's the best way to teach someone. Me personally, I learned fast when someone show me how to do something and guide me doing that thing or activity. When I pass the know of mine to someone, I also do it, like what I do before when a friend of mine wants to know bitcoin and how to trade this cryptocurrency. I tell him to find a good exchange site specifically darb exchange which will be his companion in his trading career, taught him the basics which he can trade bitcoin to other cryptocurrencies in the exchange which I use, and others. I also tell him that he can also do transactions with the trading site I mentioned and after that, I let him do it. Now? He is now doing it for a while and thank me for what I taught him.

You can start on how does it work, I would suggest to study and discuss about blockchain and how does it work and you should study next the wallets, private keys etc. and difference of bitcoin to others and main use and lastly discuss where to buy it and that's when the exchange and volatility comes.

Well I'm not sure about it but I think you should start from the basic which is for what I've known is the blockchain itself. But it's up to you how you will clearly explain everything, try different approaches and look on what would work and start with it.

I am not an expert in explaining about Bitcoin and how cryptocurrency works I will just compile a list of articles and youtube videos that can explain comprehensively and in a simple way how Bitcoin works and we will watch all the explanations and will just add my opinions about Bitcoin and cryptocurrency.

Imho teaching to someone who has no idea about cryptography will not be easy and talking in simple words can help for understanding the basics of the working mechanism. Bitcoin is the most popular cryptocurrency and starting with popular coin can attract the stranger's attention.

yes, right basically, we just need to mention this, and what distinguishes it is that bitcoin is digital and has a centralized system. I will show them how to use bitcoin, I'm sure they will be interested. like that is enough because they will search for information on their own, the willingness of themselves in seeking information will further accelerate someone understanding something, including when someone wants to understand and apply bitcoin in their lives.

I think teaching someone about the existence of bitcoin is really hard to do. Because at first i alsp didnt believe bitcoin, because it is really unbelievable i see that if they really wanted to know mpre about bitcoin they really need to have a self study about bitcoin and its definition so that it will become more easy for them to understand.

- I'm thinking why we need to teach and explain to them all the questions about bitcoin while the benefits we get in this story are almost zero, without any sense for this job, sometimes we will bear many different responsibilities from this story. So honestly, if someone wants me to teach bitcoin or search for any bitcoin information from me, I will definitely reject them, what I suggest is that they should update information on online sites, the technology age always gives them a lot of tools to get the information they need

this thread actually has some answers: https://bitcointalksearch.org/topic/m.50612318

Once I'll try to teach someone to learn bitcoin in one and a half year ago. I challenge him to play faucet like what I did before. He doesn't have money to buy bitcoin, but he has a strong will to try many ways to make money including search on the internet. So I tell him to try faucet to earn some free coins (bitcoin, doge, litecoin, dash, etc.). And yes, he works a lot to earn that coin, and I see that every day, he try to earn the reward from every faucet which he thinks that he can collect some free coins.

While he collects the coin, I tried to explain about the crypto exchanges, and I give some NEM to sell because at that time, NEM is good to trade. I tell him that when he wants to sell NEM, he needs to watch the chart and determine the price that he wants to sell. The first time, I see that he is too greedy to sell at the very highest price which could not reach, so I suggest to cancel and change the price to a bit lower than him.

Finally, the coin was sold, and then I teach about how to rebuy the coin in the low price. In that time, I give some explanation about the trend in the chart. I remember that I don't teach so much and I only say that you need to find the lowest price from my sample so you can decide to place on what price.

He is playing with the faucet only 6 months to collect many coins, and then he can start to trade, and he can making his own profit. I tell him that he still needs to learn more about trading if he wants to increase his profit. That will not be easy because he needs to spend more time to learn from many sources. But then, I am happy to see that the last time we met, we trade together and in the short of time, he shows that he can increase his skills, but he still wants to learn more about trading.

Bitcoin and cryptocurrencies are means to transfer value without requiring a third party other than the network that maintains the record of transactions. They do this by cryptography which mathematically proves a transaction is valid. Validators achieve consensus by proof of work or proof of stake.

For normal people who doesn’t understand technicality I would say about the currency which is having global acceptance also having limited supply . Firstly I will ask the person how much currency flowing their country it might be huge or uncountable . Then I will tell the currency which is having limited supply and also having global acceptance. For a technical person I will tell about blockchain technology , peer to peer network and decentrelised database.

Well if they're really interested, i'd be willing to share what i know. I admit that i don't yet know all there is to crypto and bitcoin but i'll share whatever i can. First by showing the person the sites they need to check by themselves including this forum, how my wallet works, how to send and receive crypto, basic essentials to start them up. And then we can learn together.

Same as me here. Most of my friends and my family just ask how to make money with bitcoin. it not just something i can say go to exchanges and buy some tokens right. To those who really lazy to read the news im not very suggested to go in cryptos as cryptos evolve in every second. So for me i always seek the new news and always invests on something fresh or something different so i will not make a same mistake where i lost my money to scammer not only one but five time until now. So be sure to keep safe from this scammer out there.

There are alot of people who already asked me about bitcoins specialy last year the greatest year of bitcoin so far and many people knows it and they asked how and where did i get my money,i just said that read facts about bitcoins and they will understand how