Topic: How Would You Explain Bitcoin to a Newbie? - page 7. (Read 3604 times)
Especially for Newbie who are aware of all the bad publicity about bitcoin, I will say it's a pyramid scheme, but a very very well run pyramid scheme, so much so that it may replace the previous best run pyramid scheme called gold.
Just tell the person that bitcoin is a digital currency that is not being regulated by any Central Bank and it can be transfer through internet to any body in any part of the world just within some seconds
I would tell them that bitcoin is like a money the you can buy anything online or its a some kind of gold that you can mine online and I also explain to them that it is a digital concurrency. To make them clearly understand what it is I allowed them to see my digital wallet.
It's hard to explained to people not already interested in new technologies and online money.
Start by explaing banking system and how bitcoin is the opposite of classic banks.
Start by explaing banking system and how bitcoin is the opposite of classic banks.
I would say how bitcoin started, when it started, its uses on the world and so on, bitcoin protocol was started in 2009 as a digitized currency by the pseudonym satoshi Nakamoto. Bitcoins are stored in a wallet only the user's have sole right to control their own wallets, bitcoins can be transferred from any where in the world to anyone without a third party involvement unlike banks, this system has brought financial freedom to everyone and all the bitcoin transactions are recorded in the public ledger called the blockchain technology anyone can keep track of the bitcoins in the blockchain technology. Bitcoin is a good investment option as the value of bitcoins always keeps on booming over time.
Explaining about the bitcoin is really what matter's the most for its growth and now explaining more about the bitcoin is what makes feel good when we teach the guy who is in need of using bitcoin transactions at the most important level. Actually i was referred to this forum and about bitcoin from one of my friend's clear explanation and today even i am referring bitcoins to my friends,to my relatives and also about this forum. there is No need to worry about anything you just need to explain in simple and understandable way with recent or past example like this "Peer to Peer payment gateway system with less commission" and i am sure that you will explained in much better way.
I shall tell him about the crypto world 1st relating it to online shoppings. Aftrr that ill introduce cryptocurrency's concept and its price. I can say that when one will hear its initial price and the price its having now,will dedinitely atttact the newbie.
Perhaps now, there is no need to explain anyone about bitcoins as already bitcoins are much famous and are most working cryptos ever. Bitcoins will definately grow more on it self without any publicity.
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Well if ever I saw that they are really interested to know the essential things on bitcoin then I will be willing to explain it to them . Explaining it to them is not that really hard it will be only complicated for them if we are going to put such words as "you can earn money here" because their focus will not be on bitcoin but to the way that they can earn, just tell them what is its purpose, what makes it to be good to consider on its purpose, what bitcoin is capable of and the common question from others is "how come bitcoin has a value" .
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
I would going to tell all my experience here in using bitcoin. But before that I will explain how bitcoin work and what bitcoin is by giving an example so that it will be easy for them to understand it. Giving an example is the best way for me because its like an evidence that you can show to them. I will also give them some articles about bitcoin that they can read if they are really interested on it. Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
bitcoin is a virtual currency that is somewhat similar to the known currencies of the dollar, the euro and other currencies, you can sell and buy bitcoin only online without a physical presence .
Tell him what Bitcoin is and share him a story how u start a new currency and how you learn and earn to it, introduced to him this message board forums where people interested in the technical details and the development of Bitcoin for more knowledge.
"Bitcoin is a technology that allows you to globally send money on the internet without the needs for banks or other middle-men."
Or is that too shallow a description?
Or is that too shallow a description?
Thank you, not shallow. But do I really need bitcoin if I work and get paid cash and I keep my money in my house, take the little I want to use when I want to.
Or is Bitcoin for rich people who have a lot of money. Must everyone use bitcoin?
I'm not sure I understand your question. What do you want to do? Get paid online? Use Bitcoin to buy stuff? Use Bitcoin to store money? Use Bitcoin as an investment?
There are a lot of use cases for Bitcoin, some for which Bitcoin more viable than others. You don't have to be rich for any of those, however.
Thank you, I can see you are a hero member here, you have done very well for yourself. I want to make money with bitcoin, please do you have some tips to share?
"Bitcoin is a technology that allows you to globally send money on the internet without the needs for banks or other middle-men."
Or is that too shallow a description?
Or is that too shallow a description?
Thank you, not shallow. But do I really need bitcoin if I work and get paid cash and I keep my money in my house, take the little I want to use when I want to.
Or is Bitcoin for rich people who have a lot of money. Must everyone use bitcoin?
I'm not sure I understand your question. What do you want to do? Get paid online? Use Bitcoin to buy stuff? Use Bitcoin to store money? Use Bitcoin as an investment?
There are a lot of use cases for Bitcoin, some for which Bitcoin more viable than others. You don't have to be rich for any of those, however.
my friends are many who understand this forum, but with them still can not figure out how it works to get. and they know that I have studied the science or the result of bitcoin so they need help for me, with the little time I use to encourage them, by reading in this forum they finally understand a lot now,
with them making a little investment in trading for the right way of generating a lot of results and even every day, eventually many of my friends to date have many successes.
with them making a little investment in trading for the right way of generating a lot of results and even every day, eventually many of my friends to date have many successes.
As far as i have learned about bitcoin as a beginner......it's a virtual currency and my easiest way to make someone understand is to tell him/her that it's a digital money system to send and receive money from unknown people.
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
We just need to accept the fact the some of the people don't know bitcoin yet. Some of them know and become interested of it but do not know how to start bitcoin. In order for you to explain the concept of bitcoin in a simplest way to them is to ask them first what is their knowledge about bitcoin. It could be your starting point and that is knowing where you coukd start explaining to them about the concept of bitcoin. After knowing how far their knowledge is, start explaining and correcting the false ideas they have said. And then tell them to get access unto it and how they can earn due to their hardwork and determination.
I think I should introduce them to this forum, maybe they will learn a lot about Bitcoin. In addition, they will change their outlook on virtual currencies. In addition, you can explain them by giving them the definition, development and value of Bitcoin at the present time.
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
"Bitcoin is a technology that allows you to globally send money on the internet without the needs for banks or other middle-men."
Or is that too shallow a description?
Thank you, not shallow. But do I really need bitcoin if I work and get paid cash and I keep my money in my house, take the little I want to use when I want to.
Or is Bitcoin for rich people who have a lot of money. Must everyone use bitcoin?
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Bitcoin is the digital currency. It's very useful and helpful. You can get money by this. Or someone who has heard about it but still don't understand how it works.
Can you explain bitcoin in the most Simple way?
Jump to: