Topic: Introducing the Bitcoin (Read 309 times)

in this world people with point 3 are greater in number than points 1 and 2. this is one of the concerns of point 1 and 2 people to be able to educate people on point 3 because we know that someone who doesn't know more about Bitcoin should be educated by people who have been in bitcoin for longer. so this is like a promotion to people who don't know about bitcoin

if you are interested in buying Bitcoin because of someone else (relative, friend, parent, idol, or girlfriend) then you will forever not understand "for what reason did you buy Bitcoin".  The worst thing that might happen when you get trapped at high prices is that you blame them for making you buy Bitcoin with your funds.  

the wisest rule of buying Bitcoin is only one: "don't buy Bitcoin because of someone else or FOMO", buy Bitcoin because you are aware and believe that Bitcoin will give you profit in the future (10, 20, or 30 years in the future).

The real reason people are interested in bitcoin now may be a lot simpler, because everybody else is interested. The only reason you buy bitcoin is because you think it is also valued by other people.

Those people who don't even believe in bitcoin are those who don't know about it and those who think that bitcoin is such a scam, in our country, there are many people that I have encountered who don't have any idea about the world of cryptocurrency but still they keep on saying that it is a scam because of thinking that money can only be earned from real life and not in the virtual world.

I agree that people who are not interested in Bitcoin should be our main focus for introducing Bitcoin. But of course we shouldn't force other people
to invest in Bitcoin, we have to introduce Bitcoin in the right way. And our job is just to introduce Bitcoin, then the final decision is up to them.
From my experience the best way to introduce Bitcoin is by showing others evidence of the profit that we make from Bitcoin. The greater the profit
we make from Bitcoin, the more people will be interested.

I knew a lot of people like that, they are only a bitcoin fan when its price increases in the market.

They just want to benefit bitcoin without even supporting it on its low. It is really hard to let them know how to be patient with its price because they only want profits, they don't want to deal with lows. Bitcoin investment doesn't work like that, you should always be a bitcoin fan, supporting it no matter what during highs or lows.

Cryptocurrency will never die and will surely prevail in the market forever due to development of blockchain technology.

I don't think we will ever lose that number two. There are a lot of people here that don't actually focus on investing crypto currency or bitcoin. They invest some of their money but they also have a job where they are usually focused in. Another thing is that where are those people that don't even know what bitcoin and crypto currencies are? That is the "4rd" one.

Well, that is a nice parable line of him.
I will not also force someone to listen about bitcoin if they already hate this, it is kinda wasting of time and effort because there is a possibility that they will blame you at the end when they had lost in bitcoin. I won't convince people if they don't listen because, for me, those only people had an interest and willing to discover what is bitcoin. However, this is already have done on my part, introducing bitcoin to someone, but luckily all of them are satisfied because I told them the possible risk that they perhaps may encounter, not just only thinking the profit.

People always afraid to take the risk. And bitcoin is one of the risky investments that one should wisely decide. That is why adoption isnt that easy, its because some people are comfortable with the traditional system. Considering bitcoin in some areas dont have a good reputation yet.

However, if those people were being educated with different proofs that bitcoin can be an aid to some problems, perhaps it will change their perspective of views about bitcoin.

Convincing someone who's mind is set to hate or be against bitcoin will prove to be a herculean task, if not impossible. Just like what Jordan Belfort the real Wolf of Wall Street once said, you can't expect someone who does not need pens to buy from you, even if you create that need. So there has to be a natural need for this person to be easily persuaded, and then take it from there.

What a coincidence I also have the same experience, I have shared with some people with the enthusiasm that characterizes me that I can provide my knowledge for them to join bitcoin and the answer is almost nil. I do not know if it is due to risk, ignorance and lack of interest because the information is on the internet.

You may be right people have to find out for themselves.
We can also add that after our families and friends there are social communities. If anyone does not hear about a crypto community and does not belong to it and is not curious to know what it is, they will be on the sidelines.

Correct Lucius, I have tried explaining Bitcoin to a number of people using a planned
basic explanation but to no avail but I am confident I have planted a seed, the seed
may take a few months to germinate but hopefully it does as Bitcoin gains more momentum
and attention.

Sometimes all we can do is make people more aware of Bitcoin so they can discover
it for themselves.

This is not a war between the two but this a sort of market development turning from conventional money to digital currency. We are closer to the huge adoption, we are living soon to digitalization which gives us a more comfortable life compared to before.

We can't absolutely say that conventional money will turn down and vanish because it possible that not all of us are willing to adopt the new system, the new technology. It is likely to have that ends as having crypto is not forceful, but only for those who wanted it.

yes, cryptos will never die..

10 Reasons Why Cryptocurrency Will Never Die:

Reason #1 — You!
Millions and millions of people support cryptocurrency.

Reason #2 — Adoption
Estimates are that less than 2% of people in the world have ever owned any cryptocurrency. 2018 marks 10 years after the launch of Bitcoin yet Coinbase reports just over 20 Million accounts.

Reason #3 — Money
Cryptocurrency is literally the best way to send money online, by far. If you want control, instant transfers, assurance of transfer, and low fees, crypto is for you.

Reason #4 — Use Cases
Cryptocurrency is the first instance of blockchain technology, a technology that is the best database for certain types of data. All the emails, texts, everything we do online, the traffic lights, the flight paths, the temperature readings at power plants, we are all tracking everything we can because humans are now living in the Information Age.

Reason #5 — Wall Street
Some on Wall Street are trying hard to get in on the cryptocurrency action, but many on Wall Street are still just waiting on the sidelines ignoring the crypto markets.

Reason #6 — Immutable
The blockchain is immutable, which means it literally cannot die!

Reason #7 — Freedom
Cryptocurrency is empowering and people spend most of their time and energy trying to control their world.

Reason #8 — Bull Markets
Even though bear markets exist in crypto, so do bull markets. Cryptocurrency markets have experienced more bull runs than in any other market I have personally researched.

Reason #9 —Businesses
Businesses are saving money by using cryptocurrency. Organizations can increase profits through one of two ways, top line growth (increased sales) or bottom line growth (lower costs).

Reason #10 — Inflation
Cryptocurrency solves runaway inflation of fiat currencies.

People would not change their beliefs as long as they remain close minded. Bitcoin is not for someone who just wants to know about it but it is something that people can use for them selves as they learn about it. Showing results or the outcomes on the 3rd group of people might be able to change their mind since seeing is believing and if we show someone who is successful in the field of Cryptocurrencies.

From my personal experience, I can say that it is very challenging to explain to someone what Bitcoin is - most who have heard of it live in the belief that it is some kind of online money, used by criminals and anyone who wants to be anonymous when paying for something online. The technical side of the whole story doesn’t interest almost anyone, and everyone should know at least some basics if they want to invest in BTC - or just understand it better.


I wouldn’t agree that this group of people needs to be persuaded into anything - if someone isn’t interested in something and doesn’t believe in something, then we’re just wasting time trying to convince them. I personally know people who told me 5 years ago that BTC is a scam and to stay away from it all - these same people still think the same.

After all, all the important information is online and available to anyone with Internet access - and if less than 1% of the world's population is involved in Bitcoin in some way, that speaks about how unwilling people are to accept and understand new technologies.

When I first saw Bitcoin has been published in Aljazeera, that's when I first see it in the mainstream media and when I read the comments below, I saw many people still have doubts about it. You don't believe what they're talking about Bitcoin and there are some people who encourage to invest in gold too. There are lots of negative comments but a few days later that's when the price rises more than $30k and burned all those trash talkers.

We actually no need to introduce bitcoin to anyone, it will happen eventually once there is a need for it. Until now we can't actually use bitcoin as currency so what we need to focus now is to create more opportunities to spend bitcoin then we can introduce people into it.

There are some people who hate bitcoins as well.!

Innovation is the answer for a better future

you forgot to add people that don't trust bitcoin but are curious about it, people that hate bitcoin for technical reasons and people that hate bitcoin that hate bitcoin just because other people hate it.

I've seen people(close people to me) that doesn't trust bitcoin because of news of scams about it but they are curious whether it is real or not and is open to learning more about it.

Trading is not for everyone to be honest, not everyone has the time to watch the prices, someone has to do other things right? I don't necessarily agree with OP because I believe in the diversity and uniqueness of personality of each individual, it is difficult to categorize them on a set in stone category, you need data gathering and data compilation to create a systematic category that has data backing up your category. You do not need to force them into believing into something, introduce them and let them decide, this is a free world of some sort right and everyone can and should make their own decisions.

There are many misconceptions about bitcoin at present,which is why many people do not want to know bitcoin well and they think that trading of bitcoin is very risky.I believe that bitcoin will continue to be such a person, but bitcoin will move towards a better future at its own pace.

The problem is that most of them don't want to know about bitcoin. They are usually lazy or too stuck in their own ways that don't want to change. Also they don't want to see the corruption in the banking system they use so the incentive to use bitcoin is not there for them (which happens to be the reason why some people only care about the price).

I think you mean bitcoin because cryptocurrencies aka altcoins are dying every day.

In 2008, Bitcoin was created as a concept by an anonymous developer under the pseudonym Satoshi Nakamoto, who posted a paper outlining the currency to a mailing list of cryptography The paper details a decentralized system without issuing authority that would function as both an exchange means but also as an anonymous and completely accessible log of all transactions (known as the blockchain).

The value will be generated by people running a client that would "mine" value by verifying transactions, which allows users to devote processing time to validate trades. The use of Bitcoin may be driven by a variety of features, including privacy, politics, anonymity and its usage of illegal activities. Therefore, studying group dynamics is made even more complicated than even such pseudonymous or avatar based communities as Habbo Hotel, World of Warcraft or Second Life. The ethical implications of studying such communities raise similar problems as those of Tor, Anonymous [38], Lulzsec and other anonymous hacker communities [39]. Journalistic accounts of BitCoin markets are largely subject to sensationalism, hype and inaccuracy,Even more so than in the earlier Second Life hype period, aggravated by the first anonymity problem. Ideally, a currency that is decentralized should be politically neutral and aspire to be effective.

The type of people who are interested when the price of bitcoin starts to rise and continues to rise are the ones who are late in making decisions. When the price of bitcoin rose so fast they started to enter and invest in Bitcoin and they were also trapped in FOMO so that when the price of bitcoin started to fall they panicked and sold it. Of course, it was a bad decision and only a disadvantage.

I was more interested when the price of bitcoin started to drop to the bottom and bought it and then sold it at the highest price. It will be a good choice and it will be more profitable.

First you need to introduce by comparing Bitcoin with Fiat money and Bank.

Bitcoin is just same as fiat money to pay something that you want to buy (as currencies), but the difference is Bitcoin is volatile while Fiat money is quite stable.

Bitcoin "be your own bank" no one can control your money, while Bank is centralized entity and can control your money if you send to them (just like centralized exchanges).

Introduce too about both advantages and disadvantages of Bitcoin

Privacy, Decentralized, Technology, Safe, and Volatility is the advantages of Bitcoin.
Hard to understand, Not Tech-savvy, and Not friendly is the disadvantages of Bitcoin.

I believe that if a person doesn't interested on it then there is no reason for us to spend some time with them and introducing this kind of thing.
If they aren't interested then let them be. After all, we aren't affected if they aren't interested right?? We don't need people who aren't interested into Bitcoin. Let them be close minded. We need people who wants to support Bitcoin.

I like your agenda of introducing Bitcoin to those who aren't interested but as you said already, they aren't interested so do you think that they will listen to you if you introduce it to them?
Overall, different people have different perspective with regards to Bitcoin and we have a right to choose either of the 3. Crypto will never die for sure as long as there is supporters on it which it has.

Before now, the number of people in number 3 was much but nowadays it looks like it is declining, because the price increase came as a surprise, the way institutional investors got involved also came as a surprise and lastly the way many platforms started adopting it also came as a surprise, therefore when this category of people considers this, they will understand that Bitcoin is worth getting involved with as well as being trustworthy. Therefore I think this group of people only needs more proofs and more understanding of Bitcoin potential to get involved with it.  
In the same way, the category of people in number 2 are not really interested in Bitcoin, they are only here to see how far Bitcoin will go and when it dumps, they show their true colours of saying things that are not good; like if they are truly interested in Bitcoin, they will at least hold some and sell when it pumps, or at least be a short term holder. Also, someone who is not Interested when Bitcoin price drops then becomes Interested when Bitcoin price goes up, shows something doesn't add up.

Nah, we really don't need to let them know what bitcoin is, they may have known bitcoin for years and still remain doubtful about it, those are haters, and as the saying goes, "haters gonna hate", so it's better not to persuade them because they have close their mind about what bitcoin is. Besides, its their lost, not ours. People like Warren Buffet, who said that bitcoin is a "rat poison", and no matter what kind of argument we presented, he wouldn't understand or chooses not to.

To make  them understand you need to show the proof of profits in order to  get their attentions since many people are into earnings rather than learnings that's why we need to see how big the possibilities that they can earn with it if they will study more about tradings and other important  things that they needed to do.  Also if we teach people we should not forget to tell the scams so that they will not fall on Ponzi schemes around here.

There are three typs of human;

1. Some People devoted to the Bitcoin
2. Some People are only interested when Bitcoin prices goes up
3. Some people are not interested and trust Bitcoin.

So we have to focus on 3th group to make them understand what is the philosophy behind Bitcoin. We have to introduce the  bitcoin and try to help them to understand, trust and use Bitcoin. people blongs to the 2nd group will never defend Bitcoin if they saw a price down.

This is a kind of war between conventional money and cryptocurrencies. I blieve that cryptos will never die.