Topic: Meeting about Bitcoin and inviting people to it - page 3. (Read 570 times)

in my opinion it is quite difficult to introduce Bitcoin to people just by talking, people now only care about the end result but not with the process they may not understand the basic basics of Bitcoin, they may be interested in investing when you say bitcoin has experienced good development in some  the last year when they have invested in bitcoin but the price goes down and they don't know what to do, they will definitely be afraid that if bitcoin will go down even further they will as soon as possible sell the bitcoin they have without thinking about what the risk is as a result they suffer losses  , I think they should know the ins and outs of bitcoin and how it works.

I have the almost same scenario with you but the only difference is they asked my guidance to introduce them on how to use bitcoin Wayback 2017 when bitcoin is reaching its all-time high. I know I did my part explaining to them about the things to learn and the risk they should face if they are after the profit. Sadly when the bitcoin correction happened I feel that they are blaming me because they are on the loss. This experience thought me not to teach things about bitcoin if they are just there for the profits. I don't know if the persons I taught hold their bitcoin until now but I have strong feelings that they sold it. I just wasted my talk back then 

That's good for you if some of them took your address and have that desire to buy bitcoin.

But in most cases, I wouldn't introduce into that manner because in my place, people aren't like that. They're not open minded and still have that thinking that bitcoin is a scam. Because I've done that before and very disappointed with the outcome.

But a little by little, they'll eventually realize that bitcoin is already one of the best performing assets that we ever have.

It actually exist, because you can see the private keys that enable you control your coins, and you can print them on physical materials if you want to. This should make bitcoin tangible to owners/holders, assuming that's what people are concerned about when they say "it does not exist".

It's designed to enable people control their funds. I wonder who they (or you) think controls the market.

Hope you inform them about the volatility aspect and also advised them not to buy what they can't afford to risk so they don't panic when there are dips.

never mention the price has speculated to $60k
same with gold never mention gold speculated to$2k

instead actually explain the fundementals

if gold was so available that people could self mine in their backyards with nothing more then $2 of equipment(spoon and coffee filter) .. golds cost would be ~$3 once you add in the labour time to dig and filter the dirt

so miners would happily sell for $4-$6 and profit..

real gold mining costs $900+ to mine with proper equipment. sluice machines and land purchases. so gold will never ever be sold below $900. and its then the 2.2x that is the 'profit speculation'

bitcoin mining cost is about $22k for the most efficient miners and about $37k for the home hobby miners

the home hobby miners wont mine at a negative cost so they will buy instead.. and mining farms wont sell for under their $22k
so bitcoin is backed by 'sweat equity' of mining cost of between $22k-$37k
gold is backed by $900-$1.2k of mining cost
 the speculation of both is only 3x-1.5x depending on region and local considerations.

in short never talk about the price as if anything above $0 is just hype..
talk about the underlying backed VALUE
golds 2x is based on $900+ sweat equity
btc 3x is based on $22k+ sweat equity
^ call that the backed value

then while prices are speculatively high due to popularisms.. tell people how they dont have to pay market price but can get in at lower prices mining(circumstances apply) and be like gold mining for profit
..gold backed value vs golds spot price

again dont word it as if bitcoin is not backed by anything and true value is zero.. because its not

I don't think that you can teach bitcoin for only one session, there are so many things needed to discussed bitcoin before they can understand it well, for only one session only few things can be discussed and that is not enough for them to learn about cryptocurrency especially if they will not do self-studying.
Anyway, Goodluck with your journey, may the knowledge from you absorb by them.

And then after you have a  talk and they invested and suddenly the price drops High? then you will be blamed?

Lol let them Learn by themselves our only part is tell them what about our achievements and let them ask if they become interested.

I have tried so much encouraging people around me but i gain nothing but Blame.

Now i don't care what they think or what they want , i will focus on my own strategy .

Its usage as a currency will decrease as years go by. The more a Bitcoin will cost, the higher the no. of owners it will be and the higher the no. of customers, the more congested the mempool will be. All in all, I don't see daily usage as a selling point of Bitcoin since as far as it looks, the situation of Bitcoin payments is only getting worse in time.

Thats right because others will just think about you are dragging them to some sort of MLM or other networking scams thats why its really sad that many still doesn't know about this.

But this is one thing effective to gather people if you announce it with free of snacks or other exciting prizes awaits for attendee I'm sure many people will attend.

It is not easy to teach bitcoin to someone if they do not know yet about it because there is a doubt on them thinking about the possibility to earn money or how money circulates online. I have so many people encountered thinking that bitcoin is a scam because of thinking that only in real life can make money, but anyway good luck with your journey, I know you are good at cryptocurrency because if no then there would be no knowledge that would be discussed to the audience.

Man, educating a person about bitcoin and blockchain technology in one session is not enough. There is too much important information that needs to be discussed before they will understand, and maybe with a proper discussion. Maybe it will take a year before they will understand from having bitcoin and to explain where is the best wallet to stored. To tell you frankly, don't force them to believe about cryptocurrencies, awareness is enough because once a person is interested, they will find a way how to learn.

[quote author=mr_ROBOTT link=topic=532582
If you've gained their trust with just explaining to them the basics, you've got marketing skills out there bro, that is awesome. We need people like you who do it for the sake of rhe network? By the way did the speech you gave to them free of charge? Are you somehow a professional jn these field?

It's had to bring people in especially the old folks, they're retiring and most of them just want to rest with their pensions.

I used to meet some of my friends and invite them into crypto I guess it would be different if I don't know the people around the meeting.
It would be awkward for me at first but I guess once I found out that we have common interest then I could talk freely to them.
And if they are new in crypto I would talk to them about how it really works not  brag about the successful stories on crypto.

I agree with the fact that if one starts the discussion with the price it can look like a scam/ponzi he tries to sell. But I still think it has to be mentioned from start, in order to catch attention.
Humans are driven by a certain degree of greed and some well chosen words about the current price and its evolution can make people pay attention about the fundamentals.

Not surprised if they disagree with your opinion since they didn't know and learn what Bitcoin it is, what they believe is only a physical commodities.

The first start you could introduce Bitcoin to them is comparing Bitcoin with fiat money and banking system, you can explain both of advantages and disadvantages between them. So, they would have basic idea to choose whether Bitcoin or fiat money will survive in the long run. You can also inviting them to join this forum to learn more some topic/discussion that they're looking for or had some question that can still need to clarify.

Anyway good job for educating to anyone in your university, because people still had low education of Bitcoin.

PS Never share/talk about your investment to anyone, you could be attacked by $5 wrench attack.

That was my first thought too, I was under the impression that OP was convincing them to buy bitcoin, if there are more people that are going to adopt bitcoin then it will be for the better, we need more intellectuals in this space.

Not sure it would be a good idea to start with talking about price to be honest, at it would easily look like selling a scam to others. Personally, I would start with Bitcoin's important characteristics(non-custodial, censorship resistance, predictable and unchangeable supply schedule, and such).

But hopefully your sort of presentation would at the very least spark an interest from them, ending up with them doing deeper research into it.

Pretty hard to introduce someone to Bitcoin when they already have some certain thoughts and beliefs impregnated in their mind. When you realize they simply don't want to be even a little bit curious about BTC and only care about what they've been told, you want to give up any kind of hope that you have left...

Congrats for introducing others to BTC, but I still think that it's only a matter of time before a very large amount of people will start researching BTC themselves. The world's economy is crippling. They'll look after decentralized currencies.

I'm a computer student, and I discussed bitcoin at a university meeting today, and I think it would be interesting for you to know what both professors and academics think about bitcoin.

I started by saying that bitcoin is expanding and that big governments are looking for bitcoin, and that the price of bitcoin has grown tremendously over the last few years.But professors who disagreed pointed out that bitcoin does not even have strong backing! Bitcoin is like something that does not exist, and people leave their capital in the hands of those who control the market.

I told them that Bitcoin is part of the blockchain network and today most large companies and even banks use this technology. If this were the case, it would have happened 10 years ago & it is the global markets, such as the stock market, that are controlled by the powers that be, and that is why they are afraid of bitcoin.

At the end of the session, I introduced most of them to Bitcoin, and some of them even took the address of an exchange from me to buy some Bitcoin! This is the power of Bitcoin.

You too can invite more people into this digital world by talking.
I'm also happy to share your experiences here.