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Topic: Introduce Bitcoin in one sentence - page 2. (Read 606 times)

sr. member
Activity: 1050
Merit: 286
August 08, 2021, 11:48:45 AM
#36
Bitcoin is too complex to be introduced by just one sentence. It works differently when defining it to an individual wherein you will need to take consideration on that certain person's current knowledge about bitcoin. May it be that they already know about it or they are completely ignorant when it comes to bitcoin. Nevertheless, if I would be given a chance to define it to a person, I will describe it to them to the point that they will get curious and crave for more data about it. I would say to them that: Bitcoin is the future and if you don't want to regret soon, start investing on it now.
hero member
Activity: 1092
Merit: 747
August 08, 2021, 08:55:34 AM
#35
Yeah.. just as you have said that it is a currency of the future. I guess it will look a slight interesting if you could say, Bitcoin is a digital currency of the future, which no government have any right over it. (I.e to influence it's price or any other)
legendary
Activity: 2436
Merit: 1362
August 08, 2021, 03:45:15 AM
#34
Neither.

Bitcoin is the king,
Assuming they have no idea about the cryptocurrency space in general, Bitcoin being "king" is meaningless.

         Bitcoin is electronically protected or encrypted,
Not everyone knows what "encrypted" is.

         Bitcoin may be a currency of the future.
Not super bad, but not a fan. Probably good enough if you can explain to them why.

        With bitcoin, you have the future.
Sounds scammy.

       If you don't buy it now, it will be the most regretful thing in 10 years.
Sounds scammy.

Maybe focus on explaining the things that Bitcoin fixes instead, rather than specifically pitching an investment like a salesman.

mk4 has highlighted something here, we try to explain Bitcoin to people we think
will understand our language, the terms and phrases, the chances are they cannot
comprehend the message.

What about:

"Bitcoin is a bank in cyberspace, run by incorruptible software, offering a global,
affordable, simple, & secure savings account to billions of people that don’t have the option or desire
to run their own hedge fund.

Its so out there I think its designed to trick people into trying to find out more
about this thing called Bitcoin.
member
Activity: 68
Merit: 38
August 07, 2021, 03:07:20 PM
#33
I would like to give it a brief explanation of it relationship with blockchain nowadays.


"Bitcoin is the pioneer who started the blockchain system that we know today".
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
August 06, 2021, 10:55:03 AM
#32
I have listed a few one line sentences for bitcoin. If someone would ask me, I would say any of the below.

For technical people:

Bitcoin is decentralized peer to peer payment method.


For non-technical people:

Bitcoin is freedom.

Bitcoin is being your own bank.

Bitcoin is decentralized trust.

Bitcoin is better than gold.

Bitcoin is revolution.
legendary
Activity: 1624
Merit: 2594
Top Crypto Casino
August 06, 2021, 06:03:54 AM
#31
A string of codes that can change the world's currency has attracted nearly tens of millions of people and investment institutions around the world to become believers in Bitcoin.
Get to know Bitcoin right away, otherwise you may be a little sad someday in the future.

For someone who's not even familiar with Bitcoin, this explanation can come off as sales pitch, giving the wrong impression that you are trying to sell something.
In my opinion, this approach is wrong. Bitcoin is not a pyramid scheme or an MLM.
jr. member
Activity: 48
Merit: 10
August 06, 2021, 05:24:59 AM
#30
A string of codes that can change the world's currency has attracted nearly tens of millions of people and investment institutions around the world to become believers in Bitcoin.
Get to know Bitcoin right away, otherwise you may be a little sad someday in the future.
jr. member
Activity: 54
Merit: 14
August 06, 2021, 03:37:39 AM
#29
Bitcoin is a decentralized world currency. It has no central issuing agency and no national borders. There is no need to go through any financial institution transfer transaction, and it can circulate freely all over the world.
Bitcoin has the characteristics of anonymity. Users can use Bitcoin as they wish without worrying about leaking personal information to truly protect the security of personal assets.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
August 05, 2021, 10:49:51 PM
#28
I preferred saying them 4 letters instead of a single sentence, The word is "DYOR" then I typically send him a wikipedia link about Bitcoin. Some people is just being hype and FOMO that's why I'm so tired explaining them too much technicality. If they are really interested, They will DYOR it themselves and just ask you some question for the things they don't understand such as crypto terms and functions. You should stop wasting your time for newbie that don't even interested on Bitcoin feartures and just want to enter because of hype. 99/99% of them will just leave or whine when they lose money because of noob trading and bullshit high leverage trading.
newbie
Activity: 9
Merit: 4
August 05, 2021, 10:35:23 PM
#27
Bitcoin is a set of books that people can trust unconditionally, and can be the owner of their own funds. There is no borders, no politics, no religion and ethnicity, and no discrimination. Roll Eyes Roll Eyes
member
Activity: 84
Merit: 18
August 05, 2021, 09:53:44 PM
#26
Neither.

Bitcoin is the king,
Assuming they have no idea about the cryptocurrency space in general, Bitcoin being "king" is meaningless.

         Bitcoin is electronically protected or encrypted,
Not everyone knows what "encrypted" is.

         Bitcoin may be a currency of the future.
Not super bad, but not a fan. Probably good enough if you can explain to them why.

        With bitcoin, you have the future.
Sounds scammy.

       If you don't buy it now, it will be the most regretful thing in 10 years.
Sounds scammy.

Maybe focus on explaining the things that Bitcoin fixes instead, rather than specifically pitching an investment like a salesman.

I feel the same as you. Slogan-style introduction of Bitcoin makes people doubt the reliability of Bitcoin.
Introduce it from the technical aspect, it will be more clear.like FatFork


I like the one by Steven Dryall:
"Bitcoin is digital money that is tamperproof and openly traded."

Like Steven said, the three points are very precise, accurate and create immediate understanding of the entire concept. Any subsequent questions will lead to further exploration personalized to the listener's information needs.

newbie
Activity: 24
Merit: 1
August 05, 2021, 09:34:46 PM
#25
The market is full of discussions about the development of Bitcoin and blockchain technology, both good and bad. Proponents say that blockchain technology is Internet 2.0, and compare it to the Internet 20 years ago. They believe that blockchain, like the Internet in those days, will in the future give birth to capable and capable companies such as Google, Facebook, Amazon, Apple, and Netflix. An epoch-making company whose magic power has rewritten the global economy, culture, civilization and even daily habits; opponents regard it as a fantasy, a scam of the century, a gospel of criminals, and even a regression in currency, trade, and even economic development.

The following are excerpts from some world-class celebrities about Bitcoin and blockchain technology:
1.Warren Buffett: Stay away from it (Bitcoin), this is a mirage. I’m basically certain that most cryptocurrencies have terrible endings in the end.

2.Bill Gates: Bitcoin is a high achievement in the development of science and technology.

3.The famous American TV host Stephen Colbert Stephen Colbert: This is the gold of fools.

4.Google CEO Eric Schmidt (Eric Schmidt): Bitcoin is an outstanding achievement in cryptography. This thing that cannot be copied in the electronic world is an invention of great significance and value.

5.Computer security software leader McAfee founder John Mcafee (John Mcafee): You can't stop things like Bitcoin. It is everywhere, the world will change because of it, and global governments will also change because of it.

6.Galaxy Digital Assets hedge fund manager Mike Novogratz (Mike Novogratz): I invest 10% of my assets in this area.

7.Jeffrey Gundlach, CEO and Chief Investment Advisor of DoubleLine Capital: Maybe I am too old, and I decided not to participate in this craze.

What's interesting is that the above extremely divergent opinions come from business leaders who are not so good in all aspects of education, business experience, status, and international perspective.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
August 05, 2021, 04:53:06 PM
#24
Bitcoin is a decentralized currency which is totally secured in terms of security purpose and management, so investing on it will be at advantage because of it's multiplication or domination via accelerations in price, so bitcoin is digital currency as i said initial and no one can control it, so it will be good to adventure into it and also bring more person's into it's network.
staff
Activity: 3304
Merit: 4115
August 05, 2021, 03:04:37 PM
#23
I prefer to try, and hook people into the idea that Bitcoin could potentially change their life rather than explaining Bitcoin on the spot. Bitcoin, isn't something that you could explain to a person new to the concept within a few sentences. Just look at the responses here, and see for yourself; If you are new, and want to learn about Bitcoin, you have to avoid jargon. However, that's not an easy task. Unfortunately, Bitcoin is quite technical, and there is no other words for certain concepts. For example, when you try to explain mining to someone, and they ask, but how does difficulty work, your probably going to mention the fact that Bitcoin uses Proof Of Work, and then you have to explain that. Its impossible to explain within a sentence.

Instead, tell them something along the lines of this; Bitcoin will not only change your life, but change the entire worlds. Are you willing to put in the time to learn about it to get ahead of the curve?
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
August 05, 2021, 02:30:39 PM
#22
The income in the past two years is not as much as that of a friend of mine. He is a believer and holder of Bitcoin. I decided to change from a speculator to a firm believer.
You can both (holder and also a trader) but also need to know how to manage your portfolio. About speculators/traders, I personally don't like spending much time trading.

So come to this forum -- this is the gathering place of Bitcoin believers.
Yes, this is forum the gathering place of Bitcoin belief with the addition of Blockchain and other crypto-related innovation.


In the past two years, I have met many people who don't understand Bitcoin and asked me what it is.
The government's negative stance towards Bitcoin is the major reason why a lot of people are still unaware of Bitcoin.

They asked me to introduce Bitcoin in one sentence or give him a reason to buy it.
[snip]
If it were you, which sentence would you use to introduce Bitcoin? Grin
Bitcoin is internet gold, the innovative currency, and payment system.
member
Activity: 78
Merit: 24
August 05, 2021, 02:27:23 AM
#21
Bitcoin is a lifelong business worth investing, learning, exploring, and disseminating.It is not just a peer-to-peer electronic cash payment system, it may change the world's financial landscape.
member
Activity: 200
Merit: 12
August 05, 2021, 12:52:27 AM
#20
Introduce Bitcoin in one sentence:-

Bitcoin is a digital currency called as a cryptocurrency or also you can say virtual currency where no interference or controlled by any government. It is introduced in 2009 by Satoshi Nakamoto. 🙏
jr. member
Activity: 35
Merit: 2
August 04, 2021, 04:49:32 PM
#19
Bitcoin: A Peer-to-Peer Electronic Cash System

That was a few narratives ago and pre-2017 thinking. From 2017-2021 it was digital gold or a store of value. That narrative has switched again as the market is trying to aim at a larger target to justify a higher valuation. The new narrative is that Bitcoin is digital real estate, which is what they’ll need to sell it as in order to reach valuations of over a million dollars per BTC.

It's funny how they try to find utility for it when the the whitepaper clearly says what it should be. But gold or real estate sound better than cash.
legendary
Activity: 1554
Merit: 1139
August 04, 2021, 04:18:15 PM
#18
How can you introduce bitcoin to a numb in one sentence? The numb still won't understand and would need some more explanation so, left for me, I just think, one who wants to get know or invest in bitcoin is hardly to get anywhere with one sentence so, you say something that could burst his or her curiosity and eventually interest by looking more at the potentials. I'm sure most users on the forum registered because of what they hope to earn BTC and as such, we have a lot of curious newbies on what to do to earn. Same can work for someone with a one sentence into on there mind.

I'm most likely to te you, you ain't ready or just let you know that,
Bitcoin is a commodity that serves both currency and investment functions.

I'd that doesn't boost your curiosity to ask for details, I rather live you alone.
newbie
Activity: 18
Merit: 1
August 04, 2021, 02:42:25 PM
#17

 I can't help but say this,

Say what? You haven't actually said anything other than sharing a link to a very old thread.
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