Topic: I discovered the best way to onboard people to Bitcoin (Read 238 times)

Hey guys thank you so much for the ideas and discussions!

I spent some time to make it, now it is demo and live on Telegram - check it out t.me/drocketsbot

For now it only has mock game, I'll launch live trading in couple of days!

Thank you again for your ideas, it's been super helpful, and made huge contributions to this project

I do agree that it feels a little bit gambling more than just gaming, but at the end of the day I do not think that either would work. Getting people to join needs marketing, and that is exactly where this would have trouble. You can't just write it on reddit and twitter and bitcointalk, and then wait for people to come like you have built the greatest thing in the world. Those things that goes viral? Those are rare and a lot of people do not realize this but we should consider how to move further with what we have in the end.

I believe that the best thing to do at this point would be just realizing that if you can make it work, then you would have done it already. Just find a simpler way to help smaller amount of people, and grow from there.

If someone thinks about years later then Bitcoin is the best investment for him to buy and forget and get benefits after years but those who don't have that much capital can benefit little by little from Bitcoin. It may be risky for them to buy them right now because BTC has already gone up a lot and we can't say for sure about the market that the market will go up from here and won't go down anymore, so if BTC goes down we won't have anything to buy.

Trade is not done based on our desires but on the basis of our worth. Most of the people are employed and there is not enough savings that can be saved for two or three years from now. So everyone wants a quick solution to their problems and is looking for a way to get money quickly but unfortunately, it is not possible to get rich overnight.

That's what I think too, it's more of a gamble and you pool the funds from team A and team B. A pool of funds that's like an options trading but either way, there's going to be a loser regardless.

While we are seeing trends with the use of telegram and apps are being made there, I guess that this is going to be the new meta this bull run.

Anyway, good luck to your project.

I get that trying to get people into bitcoin is something you "may" want to do, but that is not really our job, don't do any of this. Because, people are simple creatures, they will try to even go as further as sue you if they fail to make any money. Do not assume for a moment that it did not happen, people sued exchanges in my nation because of bitcoin price going down.

The logic was "they promoted on tv about buying bitcoin on their platform, I did and I lost so they are responsible", yes they are literally saying "I am so stupid that I thought I would 100% make money without any chance of loss, I did not consider that as an option". You may think people are not that stupid, but you would be shocked to learn how stupid people could be.

           -   It seems that what you are saying here is okay; maybe the only thing I can add is to just save Bitcoin if you believe in its potential that can be given to us. Through DCA,
we can save bitcoin without realizing that one day our earnings will be high because the value of bitcoin has increased due to the passage of time.

Although if there is a trading pair Btc/Ton, it is quite okay to do trading with these two if you are on the spot to increase the number that you have of Bitcoin and Ton as well.

But before earning, you have to learn first on how things work. The common problem we see in trading, is that many wants to earn immediately and they try to skip the most essential part which is learning. Once we already learned trading, it's also great to continue learning as it allows us to try different approach which might help us earn even more. For those who sucked at trading, indeed that they can just try to invest instead as it is much easier.

I mean we will only buy and hold because there is still a hard part there and that is to have a strong and long patience and trying to resist the temptation of selling once the market is crashing or pumping initially.

HODL'ing and DCA'ing are two different things and the reason why DCA outsmart other strategies is because of how it works like we will continue buying, disregarding whatever price is there.

I think, this is good idea which many traders are searching to acquire to become an excellent in the community, because without knowledge of Bitcoin trading, it will be difficult for such traders to have something good to show or prove that they are doing well in crypto trading. Some traders feel the crypto trading is about profit and they will like to go into it without following some professional traders that have the knowledge to impact or know how to follow up the market to achieve what will accumulate their Bitcoin in the nearest future. If beginners can pay attention to some of the points you made on this thread OP, I think it will help them to become a perfect traders that will make them to always be among the traders that use to make income every bullish season.

Yeah the system has two parts; the first game is a cash-rewarding game, to help users prepare and get motivated to join the live trading(the second part. Oh forgot to mention users can only follow others in live trading.

In living trading users will buy BTC/TON with their usdt in their TON wallet, but before that, the game is a mock up of the crucial market hha

Well, it is just the rewards that make people become traders but what will happen to them after? I won't expect them to stay long if they will never get any unless the reward is continuous. I won't say these things are not effective but still in the question of how interesting it is to the community. Because what I see is that if you want someone to follow you and become a trader, you will also show them how good you are. Words are not too influential but it is our outputs. If they saw us become rich in trading and earning a lot of money, it also plays in their mind that trading could make them rich as well.

We can't please everyone to try trading nor force them to do, much more of fooling them. We can do all of those things OP but as usual, we can't assume that all we talked with will follow.

In general, the idea seems exciting, but I do not know if it will achieve good results when applied on the ground.

I liked point 2 and 3 discussing and learning Bitcoin within the community and teaching that frequent trading especially for beginners causes losses and the best is to hold.

But for point #1, how will users be able to experience blockchain transactions and price fluctuations? If all they will do is bet on BTC or TON, that means there is no buying and no transactions at all because this is all within the game.

Thanks, mate, let me check the vibe there first, lol.

I personally love to use Binance, but I can sense that it's just too hard for the masses, as I replied to the #6 post.

I can even deploy a smart contract to buy Bitcoin automatically from the user's TON wallet balance in live trading, I wonder if that's a cool idea, it is to a Bitcoin Maxi tho haha. The user will be able to sell at any time if they need some cash but overall it's all for Bitcoin HODL.

That's true! Learning and earning are great things. I try to do the same, too. The only difference we have here is that I focus on the left part of the bell curve, those "really bad at investing" ones, lol. The best way for them to earn is to join this bull rally and HODL Bitcoin(DCA on Bitcoin) since this strategy has been shown to outrun ALL other strategies in the Bitcoin Bull market for over 90% of people.

Yeah, that's it! Thank you so much to point it out! I give it some thorough thought, based on my experiences of onboarding friends, family, and friends' friends - Most of them only know Bitcoin is good(yeah they know, and they want to buy) but have no means to start buying any. They need totally different things than us experienced traders.

I observed three reasons: two of them are internal and one is external:

Internal 1: Friction. Exchanges are so hard to understand that if I imagine my mom opening Binance or Uniswap, 37 out of 40 buttons would confuse her, and that scares people. Not to mention those who aren't interested in downloading apps like Binance or wallets. But if we put the whole system in Telegram and make it easy to understand and use, it would make a difference.

Internal 2: Drive. If a non-IT background crypto-curious person doesn't have a HODLer friend around telling them they earned 300% in Bitcoin in the last bull cycle, they would have little drive to start learning. TBH, not many people (real big fish) brag about this often. If we build a community that allows people to observe others earning by HODLing while playing the game, it would create that drive.

External: Rug pulls/hackers/... Newbies have heard of news about collapsed exchanges/projects, and it scares them. The solution here is to limit them to only two of the most solid coins to invest in(after totally convincing them). At the mean time let them experience the volatility in the first game, let them feel the pain, and realize daily trading is not for everyone. Maybe I have a 20% win rate, and the sane part of me will take over and just let someone with a 75% win rate take over.

So that's the target users I'm looking for, how does it sound?

Can't those be achieved on exchanges we already have today? some have simplified version as well which makes it user friendly. Further, experience on a full fledged market would be better.

TBH, I think this game feels like something our gambler folks may be interested in. You can try to create an ANN thread in the gambling board if you're interested haha

Nice Idea I think it would help people to attract investors to Bitcoin.  But if beginners are not allowed to do anything then how would  trading evolve over time. The beauty of trading is that it is always full of new techniques and concepts which help people to learn new ways to earn. So how would beginner learn if they're just made to follow the big traders.

I think you should re think a little the Initiative is good but the points needs to be polished a little so that from each point of view it should be perfect.

I do not think that there is any need for anyone to send you any private messages, if there is anything to be said to you or any suggestion to be made it can be made openly so that we all can learn.
Your idea may work, and may also not work for the reason that not everyone may have the time to play the game with you. You have to know who this strategy will work for and also know who the strategy of simply explaining what bitcoin is will work for, so your actions to try to bring someone to bitcoins as they did to me will be effective.
I was convinced by simple explanations, if it worked for me, it will work for another person.

In fact, I have created a Figma user flow that you can experience before the product goes live: https://www.figma.com/proto/P2gCbxH0Js9ucKLUWTMc19/dRockets-v2.1-English-version-(USD-version)---cleanup-version?node-id=6619-6594&t=H2KJr9FOh6RycY7x-1&scaling=min-zoom&page-id=0%3A1&starting-point-node-id=6619%3A6594&show-proto-sidebar=1

(In Figma, if you don't know where to tap, just tap empty places, and you'll see a hint!)

I've been a Bitcoin holder since 2017, and thanks to Bitcoin, I no longer have to worry about my life. Now, I'm helping more people recognize the failures and collapse of the traditional financial system. I've created a product to help non-IT background crypto curious to understand the crypto market and start accumulating Bitcoin. After many trials and errors, I finally developed the best solution with a simple learning curve. Try to improve this idea!

First, this is a mini app on Telegram. It creates a game where users will receive $30 to bet on BTC or TON (TON has potential and is the native asset in Telegram, making transactions on the TON chain easier). Every 6 hours, the coin with the higher growth wins, and they can take 1/3 of the other team's pot, while the losing team will incur an additional 1/3 loss to the treasury to incentivize new users. Users can discuss in the community, and after 20 rounds of the game, users can withdraw all the remaining balance.

In this game, we can allow users to:
1. Experience blockchain transactions and price fluctuations
2. Discuss Bitcoin and learn within the community
3. Realize that frequent trading can lead to losses (learn to avoid FOMO/FUD, and HODL instead)

After this, we will introduce live trading to the users. Like the first game, you need to choose between two options, but there is no penalty between the two sides. If the user chooses Bitcoin, we will use all their TON to buy Bitcoin(in the built-in Telegram non-custodial wallet). Moreover, since we have filtered out high-win-rate users in the first game, in live trading, low-win-rate users can copy the trading strategies of high-win-rate users. Copying others' trading strategies will be charged a 1% profit share (a very small portion). At this time, the system will achieve a balance where:

1. Since BTC and TON are very valuable, users won't be harvested by large funds and very likely win a decent beta in the bull market.
2. Beginners don't need to manage anything; they just need to buy BTC or TON or follow the choices of advanced traders.
3. Experienced users like us can help beginners stabilize their mindset and HODL BTC/TON.
4. The entire system earns enough operational fees through transaction fees.

What do you think of this idea? DM me if you have anything to say or can provide help!

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Use the Figma flow below to walk through what I described. My words might lack many details compared to a polished clickable prototype.
(But it's a link I know... eeggh it's crazy to ask bitcoin holders to click a link huh? it's your call whether to go into the rabbit hole a little deeper. No pressure at all I'm thankful for your comments and help!
Maybe you can google Figma)