I have started teaching Bitcoin to my Neighbors - page 6.

Sanitough

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Quote from: hugeblack on August 05, 2022, 02:10:52 PM

That's fine but I think the basics are on YouTube and in some books like The Bitcoin Standard, Mastering Bitcoin, if these books and resources are available in your local language it will be easy for them to learn if they have some time.

A tip is to get them to stop thinking of Bitcoin as a short-term investment or a quick way to get rich.

If people will only see bitcoin as a get-rich-quick scheme, they will never come to understand bitcoin the right way. You should consider explain it to your neighbors OP as i believe their mothers have influenced them to approach you because they think bitcoin can get them rich quickly. And explain to them that bitcoin is only good to be used as a payment system as long as its not prohibited in your country. Otherwise, they should only consider bitcoin today as more of a long term investment.

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Quote from: Mr. Magkaisa on August 05, 2022, 10:17:12 AM

It took quite a few weeks before I was able to give you updates, and finally some of my neighbors who told me and showed interest in what Bitcoin is all about and how it can help them, they agreed to arrange their schedule so that I could teach them and here it is and it happened and it was held in my own little home.

Honestly, really happy to know this news, at least, there are many more people who are interested and want to know more about Bitcoin, learning at first for better knowledge about Bitcoin, without negative assumptions. Hopefully, their eagerness to learn about Bitcoin will be growing, not only once, but will rise up their awareness, curiosity, and also interest in Bitcoin especially cryptocurrency generally.
This may not be easy for you to teach them because all information about Bitcoin and crypto may be complex and not easy to tell new people about this.
But as long as they are not new enough to technology and they have a higher eagerness to learn, this will help you to explain them directly with your easiest ways to make them understood.
Maybe, you need to teach them continuously because I think that there is not enough once or twice. there need more, moreover, we know that the more you learn, the more that you want to know. Sometimes, they want to start buying Bitcoin moreover if seeing that you are trading or investing in Bitcoin. If this happens, I think that you must be more rational to give an explanation about the ways to do that and also the risks that they may face. So, if they are lost someday, they will not blame you

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Quote from: CryptoHeadlineNews on August 08, 2022, 02:27:02 PM

Quote from: Mr. Magkaisa on August 05, 2022, 10:17:12 AM

https://ibb.co/ZWTqLmv

I will like to throw more light on this your definition of Bitcoin because It lacks the crucial ingredients through which Bitcoin stand for.. Because I would have think instead of defining "Bitcoin as a digital currency launched in 2009 used as a peer 2 peer to facilitate instant payment".. it would have been better you had defined it this way "Bitcoin is a decentralized digital currency launched in the year 2009 by Satoshi Nakamoto, that is independent on its own, not control by either the central bank or government, and can be used to transfer money from one person to another in seconds"..

That might be his way of defining. Whenever we talk about bitcoin, the ultimate thing that gets into discussion will be the money making. Maybe to make his neighbours get interested towards bitcoin, he might've started to define it in such a way followed by the payment features. Through this thread he'll get more suggestions which could help him improve the teaching method.

CryptoHeadlineNews

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Quote from: Mr. Magkaisa on August 05, 2022, 10:17:12 AM

I will like to throw more light on this your definition of Bitcoin because It lacks the crucial ingredients through which Bitcoin stand for.. Because I would have think instead of defining "Bitcoin as a digital currency launched in 2009 used as a peer 2 peer to facilitate instant payment".. it would have been better you had defined it this way "Bitcoin is a decentralized digital currency launched in the year 2009 by Satoshi Nakamoto, that is independent on its own, not control by either the central bank or government, and can be used to transfer money from one person to another in seconds"..

TribalBob

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you are very extraordinary, before did you provide an explanation of the risks that will be obtained when dealing with bitcoin?
if people are given a good one, they will definitely be interested in bitcoin, but if we give them a favorable explanation, proceed to the risk that your neighbors or relatives will think twice about this

because I've tried it, when the value of my assets dropped to the price like today

gunhell16

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Quote from: GideonGono on August 05, 2022, 02:34:50 PM

I also done something like that before but only few of them are really interested in crypto.
Some of them just like to listen or hang out some of them did invest and earn from it, and I am happy that somehow I manage to help them.

Let's expect that only a few of the majority of people in our generation will have an interest in knowing what Bitcoin is. The only important thing is that you helped others by sharing it with your other friends. And what @OP did, was a really good step that he did just to teach the importance of bitcoin to these young adults. What he did was amazing because even though he is not rich but he earns enough from bitcoin trading, it still did not hinder him from being able to share his knowledge and also give time and the teaching was held at his home. this is quite strange. I hope we can support this kind of person who has this desire in his community without asking for any money in return but he gave it for free.

Quote from: romero121 on August 07, 2022, 03:18:11 PM

Many forum users have begun to educate the people around them about bitcoin in a passionate way. This is much-needed for the growth and for people to have proper understanding about bitcoin. People without proper knowledge used to fall for scams, now what they learn will let the understand what is bitcoin and how the value fluctuates. Good learning lets them go for right market decision than making random decisions.

I agree with what you said, it is true that when you lack of knowledge or ideas and you suddenly enter the crypto industry, no wonder if in the end you will become a victim of exploitative people who have no other purpose than to cheat and just take the capital of the investing in exchange for sweet promises and eventually disappearing.

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Now many people have found out and have even learned about bitcoin trading, because bitcoin trading is no longer a foreign term in people's ears, if you have taught bitcoin to your neighbors in my opinion this is a very good step, if you want to guide them already surely their enthusiasm for learning will increase, even though they can't get rich with bitcoin, at least they don't miss it anymore and they already know about developments in digital, which they can take advantage of.

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Quote from: lovesmayfamilis on August 07, 2022, 05:07:55 AM

I have read here that some do not agree that the motivation for learning bitcoin from young people will be to make a profit. And what's wrong with that?

Sometimes we tend to hide behind the love for Bitcoin, but the true reason why most of us are into Bitcoin including me is to make profit. Yes we love Bitcoin, but we also want to benefit from it. Good work OP because you are really empowering those children. They might not all be interested, but few might accept those truths.

Flexystar

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That’s just wonderful. I can already feel the vibe check from your classroom here! You should start with beginners topic on the forum where lot of topics are made on daily basis and much more useful than Internet content. Most of the legends are have already created cool topics to learn from. Not only basic but all those complicated blockchain related topics too. You can keep learning from those and share the same knowledge with your class.

I am just typing it here and I know you might have your own challenges but as you proceed you can also include practical applications of bitcoin by showing them wallets, how they work and letting them do the bitcoin transactions.

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Nice one, OP, for spending time and effort to teach Bitcoin to your neighbors for free. This is a good thing to you because you will also study Bitcoin so that you can effectively teach them, to your neighbors because this will make them learn about this new technology, and to Bitcoin itself because in this way Bitcoin is being spread to others. I just hope that they will learn a lot from your efforts, about Bitcoin and not about how it is being treated as a get-rich scheme.

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Nice effort there @OP, it is good to see people investing their time to teach others about BTC since they don't get anything from it except tasks to do such as preparing stuff for the next lesson. If you wanted to get an additional idea on how you can teach your students, you can check this Bitcoin course by Coursera and prepare a lesson plan according to that pattern.

nurilham

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Nice to see your effort in spreading awareness about Bitcoin. You have a good point here, you teach young people who are really interested in learning Bitcoin. So, you surely give a lesson to the right people.

Anyway, I am interested to respond about "the usage and benefits of BTC", especially for points number 2 and number 5.

Point number 2
Although BTC can be used for payment purposes, you need to let them know that not all countries legalize BTC as a payment tool. So, they will be aware that using BTC for payment purposes such as paying for goods or paying for services, is not available in every country.

https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory

Point number 5
I think it is better to not have a full job as a crypto trader or crypto investor. You need a job in real life, as long as it is possible. Not every day you can get profits in crypto, there is no guarantee you get a regular income from crypto trading or crypto investment.

BitcoinPanther

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Quote from: virasisog on August 07, 2022, 05:47:48 PM

You're brave to do this because not everyone could have the courage to do crypto lessons in his neighborhood because of the fear of rejection. Maybe it's also an advantage that the people in your location have a huge interest in Bitcoin. I've done the same thing to some of my relatives but they're afraid to take the risk. Bitcoin investment is only for those who are willing to take face the risks of its volatility. Those who can't deal with the possibility of loss due to Bitcoin's volatility can't make a profit in the future.

Not only that, knowing that one of their neighbor is filthy rich, it would be risky because it can trigger people who have bad intentions. So most bitcoin holders tend to keep quiet about their holdings.

@OP congratulations on being a teacher and having a student that is so interested to take in your lessons. I hope you won't get tired of guiding your student and don't astray them into investing in BTC without teaching them the proper approach and do explain intensively the risk involved in jumping to the Bitcoin bandwagon.

virasisog

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You're brave to do this because not everyone could have the courage to do crypto lessons in his neighborhood because of the fear of rejection. Maybe it's also an advantage that the people in your location have a huge interest in Bitcoin. I've done the same thing to some of my relatives but they're afraid to take the risk. Bitcoin investment is only for those who are willing to take face the risks of its volatility. Those who can't deal with the possibility of loss due to Bitcoin's volatility can't make a profit in the future.

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It will be good initiative since you are from crypto world.The first and foremost one is every cryptoans should teach the crypto to their neighbours or friends or family.Then the investment to the crypto and the user to crypto will be increased.If the number of investors had increased,it automatically increased the demand of the bitcoin.This will increase the price of bitcoin and other good cryptocurrency in a short period of time.

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Quote from: kryptqnick on August 05, 2022, 12:51:07 PM

Whether Bitcoin can be used to pay the bills depends on the country because it's certainly impossible in mine. Is it really possible in yours?
Also, I think trading is a job, not a business (an exchange website is a business, managing funds of others is a business). Other things on the board seem right.
It's cool that parents are encouraging their young adults to learn about Bitcoin, I'm quite surprised about that.
I think it's important to teach these people about the safety of holding Bitcoins (importance of using a non-custodial wallet) and of keeping the keys safe but also somewhere one won't forget to look.
Also, have these people consented to the photos being published? If so, it's great, but otherwise it's a violation of their privacy and the faces, at least, should be blurred.

I guess the parents encouraged their kids about bitcoin because they have seen that OP is living a good life despite the fact that he is not employed or what, and still managed to pay all his bills. But these young minds should also be aware that bitcoin is not a get-rich-quick scheme, and accumulating and owning bitcoin is still risky if they are also not taught on how to make their own accounts safe and secured. However, when bitcoin as a mode of payment, well that would be great if the customers too are aware about bitcoin so that they can also make use of bitcoin rather than fiat alone.

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Quote from: Leviathan.007 on August 07, 2022, 03:14:41 AM

That's very good to see people start teaching bitcoin and cryptocurrencies to other people in different places and situations, just a few weeks ago I saw another pson post a topic and said he began teaching about bitcoin and cryptocurrencies to high school students, and many people, the most crucial part whenever you are teaching bitcoin or any new technology other people is the demand by them to learn because if they are interested in learning new technologies you won't have a hard way ahead to teach them especially if they have some basic knowledge about it, that's my personal experience about teaching bitcoin to other people.

Good to see op's work. I can remember, when I come into crypto, there was no one around to help me for better understand it. From this point, present peoples are lucky who are interested in learning about Bitcoin, Crypto. There are many people around them, who are ready to help.

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Quote from: Biscutard on August 07, 2022, 09:53:00 AM

Quote from: xSkylarx on August 07, 2022, 09:14:04 AM

Quote from: Mr. Magkaisa on August 05, 2022, 10:17:12 AM

these young people told me that they got interested because it was their parents who encouraged them to come for me to teach them about what I was doing with bitcoins and their parents said that even though I am not employed or unemployed, I can still pay my monthly billings, rental house, internet bill, electricity, and water bill within 6 years.

Quote from: Mr. Magkaisa on August 05, 2022, 10:17:12 AM

So my only request to the other members here in this forum is to teach me what can be taught to them that I may not know at the moment, although I am not an expert here but only basic thing about bitcoin that I share with my acquaintances here in the community I'm in. So you are free to provide additional knowledge on this matter and I am willing to accept it because I am also one of those who are still learning about bitcoin.

You should tell them how you earn with bitcoin and make them aware about what you've been doing for 6 years is not that simple. The only reason why those parents agreed to teach their kids is they think that you can easily earn from it since you are doing it at the comfort of your home. They should be aware that bitcoin and other cryptocurrencies are not a get rich-quick scheme like how some of the investment schemes portray it.

I strongly agree to it because being involved in a crypto world needs a long time or run for experience and a year isn't enough to full understand. The market seems to be the very subject of it and it requires a lot of patience and understanding. If a person really wants to learn he or she will make extra time to get information.

1 year is already long for someone to understand on how this market works because few months whether 3-6 months would be enough for someone to have some at least a good grasp on how this market behaves but its up to someones overall awareness and learning because not all would really be good in terms of absorbing learning in a short time.

Back in the past where i do feel that i do still lack of knowledge and its true that you would really be needing sufficient time and effort so that you would be having a good grasp on the market
and made out good decisions basing on the market condition.

Spreading up awareness on bitcoin or crypto as a whole into your neighboor does increase awareness but it would be depending on how you do introduce it to them. Cheesy

romero121

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Many forum users have begun to educate the people around them about bitcoin in a passionate way. This is much-needed for the growth and for people to have proper understanding about bitcoin. People without proper knowledge used to fall for scams, now what they learn will let the understand what is bitcoin and how the value fluctuates. Good learning lets them go for right market decision than making random decisions.

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Quote from: xSkylarx on August 07, 2022, 09:14:04 AM

You should tell them how you earn with bitcoin and make them aware about what you've been doing for 6 years is not that simple. The only reason why those parents agreed to teach their kids is they think that you can easily earn from it since you are doing it at the comfort of your home. They should be aware that bitcoin and other cryptocurrencies are not a get rich-quick scheme like how some of the investment schemes portray it.

I think that was a personal matter already so it's not needed and maybe someone can get obsessed with you and plan to do a bad thing once they figured out that you made tons of money already with it. This is why it's still better to be humble and just do your main prospects which is to teach them about btc.

Their parents agree because they know the guy already. Another thing is the lecture is done inside the subdivision so they are sure to be safe. Don't worry the op is not going to tell it, that btc is a quick rich scheme because as you can see in his pic, he started with the basics and then list down what things can we do with a btc.

Topic: I have started teaching Bitcoin to my Neighbors - page 6. (Read 1999 times)