Introducing bitcoin to local communities/villagers - page 3.

nurilham

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Quote from: Anonylz on March 11, 2023, 01:18:40 PM

I hope you are ready to take full responsibility for all villages that will be enticed by your btc idea. Since they are poor and mostly uneducated the burden will fall on you to manage their investment for them and as you know in this space nothing is 100% guaranteed and there are several risks involved.
Villagers are already poor as it is, and losing the little money they don't have will be devastating for them. Your trying to find ways to alleviate the suffering of your people is outstanding but the idea of btc that is highly volatile is very risky. Hope this turned out well for all of you.

OP must realize the responsibility. He has a responsibility to the villagers, he shares knowledge and must remember the risk to the villagers. I am sure OP will always monitor the villagers until the villagers really know well about Bitcoin. If the villagers seem still have no sufficient knowledge about Bitcoin and crypto market, I assume OP will remind the villagers to not hurry to buy Bitcoin.

drwhobox

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I am not going to discourage your bold step but I think bitcoin/crypto trading is risky, especially for people who don't have proper education. I am not judging you or your friends from the village, but you guys seem to have little knowledge about crypto trading that's why you guys planned to involve these poor villagers in cryptocurrency trading.

Bitcoin trading needs proper education and good practices and effort to lose money. As you mentioned your villagers don't have enough money to invest.

Casdinyard

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Quote from: Mr.right85 on March 11, 2023, 04:01:50 PM

Quote from: Upgrade00 on March 11, 2023, 10:51:07 AM

I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store or value, which means the holder already has some money to invest in it and hedge against inflation.

I don't wish to write them off as well but merely looking at the uploaded images, you can tell that technology is far from these villagers as much as possible. Do they even have mobile phones or network to work therr phones if any in such places... Ain't no way there is any tech guy from the assembled population. If those were to be it, then the idea is very much defeated from my perspective.

Upgrade00 had a better idea and that is, some skill to help them earn there daily bread and perhaps some education and by that, I don't mean bitcoin education. That would help them more than for them to sink there life preserving funds in a highly volatile bitcoin market.

Reading OP's post I could concur that some of them bought android phones already. And I would agree with you man, I think we're not the only ones who see this as a little dangerous for OP considering bitcoin's tendency to drop in value drastically but I doubt he has any ways to stop it now without getting boos from his people, especially after setting up a really grand seminar to let his people know about bitcoin. No amount of saving face is going to cover it up for OP at this point, but then again it doesn't mean he should stop or what, just like what someone said here it's best if he informs himself first and foremost about the ins and outs of trading as well as the risks that is involved with practicing bitcoin trading.

Mr.right85

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Quote from: Upgrade00 on March 11, 2023, 10:51:07 AM

I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store or value, which means the holder already has some money to invest in it and hedge against inflation.

I don't wish to write them off as well but merely looking at the uploaded images, you can tell that technology is far from these villagers as much as possible. Do they even have mobile phones or network to work therr phones if any in such places... Ain't no way there is any tech guy from the assembled population. If those were to be it, then the idea is very much defeated from my perspective.

Upgrade00 had a better idea and that is, some skill to help them earn there daily bread and perhaps some education and by that, I don't mean bitcoin education. That would help them more than for them to sink there life preserving funds in a highly volatile bitcoin market.

panganib999

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I applaud you for stepping up and realizing that there's more to this world than staying to your roots, as well as with helping your community with you introducing them to cryptocurrency and bitcoin. But OP I must confess, I am a little worried you might be putting bitcoin in a pedestal. There's risks involved in investing in bitcoin and I don't want you to become the village outcast or something when things don't go so well, especially considering we're still in a pretty tough situation right now courtesy of the bear market. I think you yourself should do more research moving forward before urging other people to your cause because what's crazier than a man that doesn't fight for anything is a man who does not know what he's fighting for. Invest in knowledge first, then invest in financial aspect later.

Pokapoka124

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You wrote a lot of words without actually saying anything. I honestly do not believe this story, just another newbie who thinks this is way to fish merits. The images show no indication that the gathering was for a bitcoin lecture or seminar. The environment is not even conducive for one. The so called “crypto gurus” you invited from the city should be more experienced and know how to manage seminars. I really think this was an attempt to fish merit, nothing more. If this story is true, I would be worried about what information was given to the villagers, I really hope they don’t get scammed.

serjent05

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I agree with some of the reply here. Bitcoin trading isn't that easy. One should learn how to transact with Bitcoin first before tackling topics about Bitcoin trading. Bitcoin trading especially day trading is not that easy. I would suggest that instead of telling them to trade Bitcoin, just tell them to hodl and DCA Bitcoin. I think this is the right moment to accumulate Bitcoin. They can pursue trading on the later times when they have fully grasped the Bitcoin market and its economy.

By teaching them Bitcoin and encouraging them to invest and hodl BTC, it lessens the risk of loss because we all know, if Bitcoin repeats its history, people who DCA and accumulate Bitcoin this year will have a huge profit after 2 years when Bitcoin breaks its ATH.

PrivacyG

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Did you teach Bitcoin TRADING or Bitcoin TRANSACTING? Big, big difference. Before trading, how Bitcoin works and how to transact with Bitcoin is so much more important than risking the little you have with little to zero experience.

I know. It is so much more appealing to the masses if Bitcoin gets them money. How many truly care that Bitcoin makes them independent and banked in areas where people are unbanked?

But after all, the most important aspect of Bitcoin is that it gives free banking to the unbanked. It can give you Privacy levels no Bank can. It never censors any body unless they try to cheat the system. Of course. Not every body cares about all of that. But Bitcoin is not for every body anyway.

-
Regards,
PrivacyG

Bananington

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I do not believe you, and I am sure that many other forum members are not buying this story, but are just taking it easy on you. Anything can be going on there in that gathering. It is not enough to come tell us that you introduced bitcoins to your community without any substantial proof to back it, just to gather applause. There is no even one place in those pictures where there is any material pointing that some kind of teaching about bitcoin is going on, it looks entirely like another activity that you just took pictures of and fabricated a story around.

If it is true and I am wrong, you need to do better next time, the surrounding is too rowdy, and people cannot learn under such situations.

TimeTeller

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Quote from: Aanuoluwatofunmi on March 11, 2023, 03:03:33 PM

Taking a Bitcoin class to educate others is a good thing to do out of having passion for others to have a means to learn about Bitcoin especially those in the rural setting but from what I can see on the pictures displayed by OP, am not convinced enough that this actually had to be a Bitcoin class because nothing here is showing or speaking about Bitcoin than the traditional dance held during on local community gathering, moreso much of this kind is getting too common from newbies these days.

Maybe, they have some extra fun during the class. We can't judge what truly happened in that session.
However, I am with the side of lovesmayfamilis, the OP is also a beginner himself. So he might give a different impression about the market.
Should be upfront that this market needs good understanding before they can start to trade. This may give them false hope of earning tons of money.
The OP should advice them to start small if they want to test the market. There's a lot to learn before they can truly earn something.
But let's say, this is a good start. Only few of them will push thru the actual trading. I hope the OP didn't give them the hope that this is their way out to poverty.

Aanuoluwatofunmi

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Taking a Bitcoin class to educate others is a good thing to do out of having passion for others to have a means to learn about Bitcoin especially those in the rural setting but from what I can see on the pictures displayed by OP, am not convinced enough that this actually had to be a Bitcoin class because nothing here is showing or speaking about Bitcoin than the traditional dance held during on local community gathering, moreso much of this kind is getting too common from newbies these days.

alastantiger

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I commend your efforts. It will not go unrewarded . This is a brilliant job you have done trying to transmit the knowledge of Bitcoin to your community. I can imagine how difficult it was for you to have gotten the attention of your villagers. This is the good step, if eventually, 1% of the community's population invest in Bitcoin, then it is a big win for you. In your community, is there electricity? If No, then i will suggest you seek for help of electricity from the government and also laptop computer as to enable the people understand bitcoin introduction well. There is a big different in using a laptop computer and mobile phone to teach about bitcoin. It is more easier to use laptop computer than mobile phones.

uche6215

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With all due respect ops, I am not judging 🧑‍⚖️ you. But please compatriots permits me to say this, I don't think "ops' can handle the situation he' into right now because he hasn't know much about bitcoin investment and his rank can tell that.
If ops don't have much ideas about Bitcoin investment and he managed to introduce bitcoin to his local villagers that will definitely generate no time for him to learn more. I don't know if am right or wrong.
If you look at the photos 🌌 carefully you will see that the villagers are aged and they can't afford the risk behind investments, we all know how such unknown and risky investment will sound in the ears of the aged ones.

Cantsay

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Op, kudos to you for you to even think of something like this, this is a really interesting initiative, but I do have somethings to say concerning it.
According to the pictures present in Op I believe the training you did was just in a single day and I doubt if they got anything from your presentation. You mentioned that most of them just got their android phone recently, meaning they haven't been up to date with trending news and, I even doubt if they even know what Bitcoin is before you mentioned it to them, so if you want to make your teaching effective you need to do it continuously, not just once.

And again we are dealing with investment here, telling the parents of the youths to give their children money to invest in Bitcoin trading is a very risking thing to do. Buying and holding Bitcoin is different from trading with Bitcoin, and so is the amount of risks involved. There's no guarantee that they will be a able to trade successfully and we don't even know if you that's teaching them even know how to trade.

Zaguru12

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I see Everyone is trying so hard to take this bitcoin adoption to there various communities and it is a great thing for bitcoin mass adoption but sometimes we fail to look at certain things or conditions of those we are spreading the message to. Some of these people usually feed from hand to mouth and bearly have little to invest or save. And bitcoin isn’t for daily transactions because especially for beginners because it only runs them into risk. Personal I think bitcoin trading is not yet a viable option for this kind of people. But regardless it is a great initiative trying to make them aware of the new technology around.

Anonylz

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I hope you are ready to take full responsibility for all villages that will be enticed by your btc idea. Since they are poor and mostly uneducated the burden will fall on you to manage their investment for them and as you know in this space nothing is 100% guaranteed and there are several risks involved.
Villagers are already poor as it is, and losing the little money they don't have will be devastating for them. Your trying to find ways to alleviate the suffering of your people is outstanding but the idea of btc that is highly volatile is very risky. Hope this turned out well for all of you.

bittraffic

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You would need a visual aid for these people to really understand just the basics of BTC. But trading might just be too complicated already.
Do these people even have access to the internet? By the looks of the photos, it looks like they live in a rural area. If this is however in the outskirts of Nigeria, it would make sense still as BTC is widely spread.

Kudos to your initiative though. Maybe it will work if you start first with the basics of BTC.

GiftedMAN

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Wow, this is a nice innovation but my problem with telling people about Bitcoin is that many of them do not phone or internet services to access the internet and search for Bitcoin. Op had really done a good job and I like it but he need to them tell to invest in Bitcoin and the risk that is involved in the investment. Bitcoin is very volatile do we need to inform people so they will know what they are investing in. With this kind of technique telling people about Bitcoin, it will help to increase the adoption of Bitcoin.

Yatsan

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Have read topics of the same interest.
But I'm actually curious about something, will they really be interested? Let us be honest, a capital would be needed to engage in this industry as well as other resources. Not to discriminate but I think most of the local communities won't be willing to provide such thing for an investment which is too risky. So question is, would it really work and what for? Bitcoin and this technology in general is not yet acknowledged by many countries at the present. In what sense will they be engaging to cryptocurrencies then? Profit? People on third world countries are needing more of an assured money and this will be generated through saving and working. Investment would work well more with those who has resources and determination to do so.

Upgrade00

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I don't think poor villagers should be learning about Bitcoin trading as it needs investment. I get the whole idea to associate Bitcoin with a way to grow wealth, but its major usecase is as a store or value, which means the holder already has some money to invest in it and hedge against inflation.

Those locals should be learning skills they can use to earn a living without much capital. OP you can try partnering with some NGO to bring such training there and with time some can earn enough to be able to buy a few days and start building their stash.

Topic: Introducing bitcoin to local communities/villagers - page 3. (Read 479 times)