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Topic: I have stopped introducing bitcoin to others! - page 3. (Read 5157 times)

hero member
Activity: 1190
Merit: 500
OP has a point here but for people who has no access to credit card, bitcoin is a sure way to transact online. Not only people without credit card but people who are after for anonymity are using bitcoin. In bitcoin, anyone can owned and flexibility is a big issue here.
bitcoin different from a credit card or other online payment options. so if you own a credit card though. highly recommended to use bitcoin. because its function is different from the credit card or other online payment options
hero member
Activity: 850
Merit: 504
OP has a point here but for people who has no access to credit card, bitcoin is a sure way to transact online. Not only people without credit card but people who are after for anonymity are using bitcoin. In bitcoin, anyone can owned and flexibility is a big issue here.
sr. member
Activity: 294
Merit: 250
$1 fee is such a low amount.
legendary
Activity: 3472
Merit: 10611
after 3 years of introducing bitcoin to other people and getting at least 100 of them into bitcoin I have stopped.

because all these years I have never told anyone bitcoin is an investment, whenever there is talk of bitcoin I first say bitcoin is a currency and show them the benefits of it as a currency, being decentralized as the best thing and then the security and speed and finally the cheap fees and lots more.
then I introduce them to services they can use with bitcoin, and all the discounts they can get.

but honestly I can no longer give any answer to the question saying "why would I pay $0.9-$1 fee for using a new thing called bitcoin that I don't even understand instead of using my credit card for free that I have been using my whole life."

of course I can always start arguing about lots of other things and benefits and start talking about bitcoin being an investment but deep down I agree with them and also I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.

Legit point, but you can answer that bitcoin is much better and faster in remittance service than credit card or debit card. And it is the advantage of bitcoin.

Credit cards give you an assurance that if seller cheats you still you can claim back your funds with all the proofs. But in the case of bitcoins, you need to go through with trusted escrow, and you end up paying an extra fee and also it will delay your transaction. Bitcoins transactions are fast only to deal with known or trusted persons. So for me, bitcoins are useful only for investment purpose and not for doing any fast transactions.

{sorry to be off-topic}
how about using a multisignature address instead of an escrow? have you ever thought about that!

you and your seller use a 2 of 2 multisig and you put the funds there, as the seller sees the funds are in the key he sends you the goods and you sign your half of the transaction with your key and give it to the seller, he then does the second signature and spends the funds.

no additional fees required.
legendary
Activity: 1456
Merit: 1005
after 3 years of introducing bitcoin to other people and getting at least 100 of them into bitcoin I have stopped.

because all these years I have never told anyone bitcoin is an investment, whenever there is talk of bitcoin I first say bitcoin is a currency and show them the benefits of it as a currency, being decentralized as the best thing and then the security and speed and finally the cheap fees and lots more.
then I introduce them to services they can use with bitcoin, and all the discounts they can get.

but honestly I can no longer give any answer to the question saying "why would I pay $0.9-$1 fee for using a new thing called bitcoin that I don't even understand instead of using my credit card for free that I have been using my whole life."

of course I can always start arguing about lots of other things and benefits and start talking about bitcoin being an investment but deep down I agree with them and also I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.

Legit point, but you can answer that bitcoin is much better and faster in remittance service than credit card or debit card. And it is the advantage of bitcoin.

Credit cards give you an assurance that if seller cheats you still you can claim back your funds with all the proofs. But in the case of bitcoins, you need to go through with trusted escrow, and you end up paying an extra fee and also it will delay your transaction. Bitcoins transactions are fast only to deal with known or trusted persons. So for me, bitcoins are useful only for investment purpose and not for doing any fast transactions.
full member
Activity: 224
Merit: 100
Yes me too, it is difficult to introduce bitcoin to others, now I'm indifferent and let other people do not know the bitcoin. It is difficult if there is no interest then we recommend bitcoin, better focus collect bitcoin.
newbie
Activity: 6
Merit: 0
Sorry OP but credit cards have massive fees plus late fees.
legendary
Activity: 1218
Merit: 1007
after 3 years of introducing bitcoin to other people and getting at least 100 of them into bitcoin I have stopped.

because all these years I have never told anyone bitcoin is an investment, whenever there is talk of bitcoin I first say bitcoin is a currency and show them the benefits of it as a currency, being decentralized as the best thing and then the security and speed and finally the cheap fees and lots more.
then I introduce them to services they can use with bitcoin, and all the discounts they can get.

but honestly I can no longer give any answer to the question saying "why would I pay $0.9-$1 fee for using a new thing called bitcoin that I don't even understand instead of using my credit card for free that I have been using my whole life."

of course I can always start arguing about lots of other things and benefits and start talking about bitcoin being an investment but deep down I agree with them and also I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.

Why waste the time explaining it,send them to youtube or some other credible news sources about bitcoin and let that do the explaining,you might miss something if you try to explain how bitcoin works,let the experts do their job.
I don't know how many people you talk to when it comes to sharing things like this, but for a large majority of people they will not go and look at Youtube videos unless you either show it to them or they have a very real an intense interest with whatever it is they are going to go look for.

You should be able to give a clear synopsis and give them information quickly and easily. Then you're able to actually make progress.
legendary
Activity: 2450
Merit: 1047
thecryptocurrency.directory
after 3 years of introducing bitcoin to other people and getting at least 100 of them into bitcoin I have stopped.

because all these years I have never told anyone bitcoin is an investment, whenever there is talk of bitcoin I first say bitcoin is a currency and show them the benefits of it as a currency, being decentralized as the best thing and then the security and speed and finally the cheap fees and lots more.
then I introduce them to services they can use with bitcoin, and all the discounts they can get.

but honestly I can no longer give any answer to the question saying "why would I pay $0.9-$1 fee for using a new thing called bitcoin that I don't even understand instead of using my credit card for free that I have been using my whole life."

of course I can always start arguing about lots of other things and benefits and start talking about bitcoin being an investment but deep down I agree with them and also I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.

Why waste the time explaining it,send them to youtube or some other credible news sources about bitcoin and let that do the explaining,you might miss something if you try to explain how bitcoin works,let the experts do their job.
hero member
Activity: 1148
Merit: 504
I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.
Why this is silly point Huh
It is true that if you just keep holding bitcoin without having close eye on market activity than you will actually loss rather than making any profit out of it. So thinking bitcoin as passive way of earning profit is the wrong sentiment.

I disagree with you, the transaction fees are getting higher and it is making Bitcoin unpopular especially to the yet to be told and the newbies. I think he made a brilliant point that it's silly to pay so much for a new technology while my conventional credit card charges nothing to perform a similar transaction.
yeah if you are forced to use a low fee and inexpensive. certainly a confirmation will not occur in a short time. may even be confirmed in a few days. oh it was very annoying you know ?
sr. member
Activity: 490
Merit: 251
Make winning bets on sports with Sportsbet.io!
I feel that people on this forum are still too fully controlled on the idea that Bitcoin is going to overtake all currencies and is better than all currencies we have at the moment. You can't be paying a 50 cent or higher fee on transactions and ATTEMPT to tell me that Bitcoin is better than using a credit card that is accepted everywhere.

I've never agreed with someone higher on this forum when it comes to this subject, hats off to you for noticing the issues with bitcoin at the moment.

Cant argue with that also. It needs deeper knowledge for them to truly understand which they wont because they want to stay on they convenient zone.
One thing you just have to keep on your mind, that is their opinion and we have ours. We try to share it with them. If they resist then it is fine also. We dont lose anything but they lose the way to see a new beginning or could make their life new.
Those people just want to stay at that comfort zone which is the wrong thinking specially now with all the hard things with the economy.
That's complete bullshit, sorry.  You're not more intelligent because you use an internet currency that pretty much no one accepts, and that costs money to obtain and use.  Get over yourself.  OP is completely right--or rather, the ones arguing against btc as a currency are right.  It's a shitty currency.  End of story.

I will agree with you on the fact that this internet currency is having issues but I wouldn't go to the extreme of calling it a shitty currency, it's still in its growing nature and I wouldn't go ahead and judge it on it's 8th or 9th year on how well it will do forever.
sr. member
Activity: 756
Merit: 294
Bitcoin shouldn't be explained as an investment, it's not the best way to do it. There is an ideology behind bitcoin and that should be the primary reasons to give and to make people understand. Bitcoin has advantages that currencies don't have. The fact about investment in Bitcoin can be done with basically any cuurency. If people start to use Bitcoin as an inventment and they lose money (because the price decrase or whatever reason) then they will get a bad image about bitcoin and will start yelling bitcoin is shit, as soon someone ask them about it

Sooner or later anyone interested in BTC will reach exchange site and see the charts. How then would you explain such volatility + how to convince anyone that BTC could be treated as regular mean of payment, when you have to think about current market price, to not loose when you decide to pay for anything? I would say, that 75% of the marketcap is driven by speculation purposes.

Totally agree with you mate. Also, the fact that there are quite many people already using bitcoins, speculations happens and the prices of it becomes volatile. This is also a good opportunity for some savvy traders, to profit due to high volatility of bitcoins.
copper member
Activity: 1330
Merit: 899
🖤😏
Not only mining is a tight competition but it seems there is a competition among users to pay a higher fee, I did a small transaction and I willingly and on purpose paid 0.0008 while blockchain said there is no need for such high fee but I felt obligated as a supporter to give a little and in return I hope miners do the same when they're called upon to activate block size increase.
You don't get to use bitcoin as long as is in your best interests you need to sacrifice if you really want this experiment to move forward.
hero member
Activity: 676
Merit: 500
Bitcoin shouldn't be explained as an investment, it's not the best way to do it. There is an ideology behind bitcoin and that should be the primary reasons to give and to make people understand. Bitcoin has advantages that currencies don't have. The fact about investment in Bitcoin can be done with basically any cuurency. If people start to use Bitcoin as an inventment and they lose money (because the price decrase or whatever reason) then they will get a bad image about bitcoin and will start yelling bitcoin is shit, as soon someone ask them about it

Sooner or later anyone interested in BTC will reach exchange site and see the charts. How then would you explain such volatility + how to convince anyone that BTC could be treated as regular mean of payment, when you have to think about current market price, to not loose when you decide to pay for anything? I would say, that 75% of the marketcap is driven by speculation purposes.
legendary
Activity: 3724
Merit: 3063
Leave no FUD unchallenged
I'd say keep selling the concept as a currency, but explain to new users that they'll need to persevere for a while and wait until it becomes more practical to use it in that way.  The problem with giving up is that there are a small but determined number of people who would like Bitcoin to become some sort of exclusive asset class when that clearly wasn't the original vision.  These people cannot be allowed to pervert the idea of decentralised cash for the internet.  If they are successful in making Bitcoin practically unusable for the average person, they get what they want.  Bitcoin should not become an elitist plaything for the privileged few.  We need strength in numbers to ensure that won't happen.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
I also tried to introduce Bitcoins to others, but they also give that answer or they tell me that they wont waste their money on some dumb project. And the most annoying thing is when someone thinks it is complicated and wont even try after my 2 hours of speaking and teaching them about it.
You can't please everybody. If they don't want to, then don't teach them. They are all saying that this "bitcoin" is a waste of money and time is because they didn't tried this kind of beautiful project yet.. But i'm sure that if they have open minded mind then it will be easy for them to adopt bitcoin and also get profit by doing the things that you advice.
hero member
Activity: 1040
Merit: 538
Defend Bitcoin and its PoW: bitcoincleanup.com
I also tried to introduce Bitcoins to others, but they also give that answer or they tell me that they wont waste their money on some dumb project. And the most annoying thing is when someone thinks it is complicated and wont even try after my 2 hours of speaking and teaching them about it.
hero member
Activity: 1400
Merit: 571
after 3 years of introducing bitcoin to other people and getting at least 100 of them into bitcoin I have stopped.

because all these years I have never told anyone bitcoin is an investment, whenever there is talk of bitcoin I first say bitcoin is a currency and show them the benefits of it as a currency, being decentralized as the best thing and then the security and speed and finally the cheap fees and lots more.
then I introduce them to services they can use with bitcoin, and all the discounts they can get.

but honestly I can no longer give any answer to the question saying "why would I pay $0.9-$1 fee for using a new thing called bitcoin that I don't even understand instead of using my credit card for free that I have been using my whole life."

of course I can always start arguing about lots of other things and benefits and start talking about bitcoin being an investment but deep down I agree with them and also I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.


Arguing with them after you have clearly introduced it to them is not really worth of your time, we, bitcoiners promote the saying that "No to Devaluation" and of that devaluation is spending time on introducing bitcoin for this kind of people that only wants to earn money without paying anything even though little amount in return for the transaction fees, or those who wants to earn bitcoin but not dedicated enough or not doing anything to have bitcoin, this people are so annoying in a way.

And my experienced every time I introduced bitcoin to someone, their responses would be like this Oh okay, is there any easy way to earn bitcoin, I mean, you are earning bitcoin or could easily rank up without doing anything? , that is why, I quit on doing this, introducing bitcoin to someone, if they really interested on doing bitcoin, then start reading thread about Beginners and Help in this forum.
copper member
Activity: 2828
Merit: 4065
Top Crypto Casino
Bitcoin shouldn't be explained as an investment, it's not the best way to do it. There is an ideology behind bitcoin and that should be the primary reasons to give and to make people understand. Bitcoin has advantages that currencies don't have. The fact about investment in Bitcoin can be done with basically any cuurency. If people start to use Bitcoin as an inventment and they lose money (because the price decrase or whatever reason) then they will get a bad image about bitcoin and will start yelling bitcoin is shit, as soon someone ask them about it
legendary
Activity: 3374
Merit: 1824
after 3 years of introducing bitcoin to other people and getting at least 100 of them into bitcoin I have stopped.

because all these years I have never told anyone bitcoin is an investment, whenever there is talk of bitcoin I first say bitcoin is a currency and show them the benefits of it as a currency, being decentralized as the best thing and then the security and speed and finally the cheap fees and lots more.
then I introduce them to services they can use with bitcoin, and all the discounts they can get.

but honestly I can no longer give any answer to the question saying "why would I pay $0.9-$1 fee for using a new thing called bitcoin that I don't even understand instead of using my credit card for free that I have been using my whole life."

of course I can always start arguing about lots of other things and benefits and start talking about bitcoin being an investment but deep down I agree with them and also I hate telling new people "bitcoin is an investment and you are gonna make profit from price rise", that is just silly.

First, thank you for all your hard work and effort in order to find new bitcoin users.
You did really great job!
Second, you gave very good explanation about bitcoin. They shouldn't look at bitcoin as investment.
Third, let's deal with their question about fees.
I never had to pay 0.9-1 $ for my BTC transactions.
They can offer smaller fee and still their transaction will be confirmed.
CC is never 100 % free, because of membership fees or provision by merchants.
Also, it's very easy to truck CC transactions by bank or tax office.
BTC transactions they can't truck or follow.
For me, more than enough reasons to use bitcoin Smiley


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