Topic: Promoting bitcoin besides the profit making idea. (Read 443 times)

Certainly, when discussing Bitcoin and its benefits beyond profit-making, it's important to emphasize its utility and potential societal impact.

Firstly, Bitcoin is a decentralized currency that can serve as a global medium of exchange, allowing for faster, cheaper, and more accessible cross-border transactions. It can empower people in regions with limited access to traditional banking services.

Secondly, Bitcoin promotes financial inclusion by providing unbanked and underbanked individuals with access to the global economy. It offers an opportunity for those without a traditional bank account to participate in online commerce and financial services.

Thirdly, the underlying blockchain technology has applications beyond currency. It can be used for smart contracts, supply chain management, voting systems, and more, enhancing transparency and security in various sectors.

Additionally, Bitcoin's limited supply and inherent scarcity make it a potential hedge against inflation and economic instability. It can act as a store of value, similar to gold, and provide stability during economic crises.

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In conclusion, Bitcoin offers a lot more than just profit potential. It is a technological innovation with the power to reshape financial systems, promote inclusivity, and facilitate secure and efficient transactions. As a crypto payment gateway, Coinremitter plays a vital role in facilitating these benefits by enabling businesses to accept cryptocurrencies seamlessly.

I think there is nothing unknown to people about Bitcoin now. People are now very interested in using Bitcoin. Bitcoin can be used worldwide. Bitcoin is permissionless so it does not require permission to use it. Many Bitcoin users have found themselves financially affluent by holding Bitcoins for years. Volatility in the Bitcoin market causes the price of Bitcoin to fluctuate greatly and the demand for it leads to huge profits. Bitcoin is expected to be the top of the world very soon

Well, it's not really in our hands anymore to promote Bitcoin being an investment asset or not because the whole world can see how significant the price of Bitcoin has become since its inception, the reason why Bitcoin got this much popular is probably the value it has managed to gain over these years because humans want money and money was what Bitcoin was providing to its investors, as other people saw that happening, everyone started pouring in.

So, now the whole world sees Bitcoin more as an investment asset rather than a currency that can be used to make payments or store wealth, and since it provides profits over time, people are willing to invest money in large quantities to get benefited from these profits and that is how it's going for now.

Promoting bitcoin with its main goal is the best way. Bitcoin was created for the transaction. Borderless transaction with bitcoin is fast, hassle-free and cheap. Anyone can make worldwide big transactions with bitcoin for less fee and in no time compared to other payment types. It is also effortless, if you use other third-party payment gate-way to send money from one country to another and the amount is big you have to go through some serious verification. But with bitcoin you don't need to pass any verification or longer waiting time.

It is a consequence as a risk from trade and investment. You won't always benefit from whatever strategy you adopt, but occasionally you can also find yourself at a loss when the solids don't go the way you want. The volatility of bitcoin prices is something that cannot be debated, that's because no one and any intensity can control the price. That is, bitcoin trading is determined by traders through supply and demand.

After all, promoting bitcoin can be done in various ways. Exchanges play an important role in gaining more interest in trade, while others can promote their use cases such as adopting bitcoin as a means of payment at their business. Someone wearing a shirt with the bitcoin logo is also promoting bitcoin, that is because they allow others to become aware of bitcoin's existence.

It's the nature of trading. Even if it's not volatile, There will be a lot of people losing their money if many is winning since trading is just transferring of asset from impatient to patient person that usually take the profit. Trading doesn't generate liquidity out of thin air but rather all those profit is just came from other person money that is on loss.

Volatility on Bitcoin is not the problem at all. People is just too sensitive on price movement and react accordingly that's why many lose while they should be in profit right now if they didn't panic sell on bottom or panic buy during the top.

A lot of people get rich from bitcoin and also a lot of people fail from bitcoin, why do i say that??. The price of bitcoin is always volatile and a lot of people go into the crowd when they join, and they swing high and low

Oh my goodness, this is so prevalent in today's public sphere, where everyone is promoting Bitcoin solely because it can make money, without explaining the fundamental purpose of Bitcoin's existence. It really bothers me that some people are only focused on the financial gains from Bitcoin, overlooking its decentralized nature.

Bitcoin teaches us not to be fixated on centrally controlled systems. Indeed, throughout its growth, there have always been pros and cons that tug and pull Bitcoin in different directions. Those who exploit Bitcoin's volatility shouldn't consider themselves true investors. It's not just about the money; there's something much greater at play, such as educating about the security and comfort provided by decentralized systems.

I am confused about what to promote what about bitcoin if other than the ideas of profit, in the case of networks, decentralization, blockchain technology or automatic transaction bookkeeping, anonymity, value storage and others, in my opinion are the basic points of profits that we can get from the presence of Bitcoin, Because that's what makes Bitcoin valuable and I consider it an advantage.
I mean it is a profit idea that is not based on trade.

If you intend to the benefits of trade, I think it is a bonus from the presence of Bitcoin in the market in other words, not a Bitcoin core advantage.
So what can I promote if it's not the advantage, whether it is must shortcoming?

Making money is the ultimate goal behind every investment so as a investor it is enough to convince anyone who is interested in making money but the real adoption of bitcoin is not just about making profits or getting rich or bring equality. Bitcoin is something which is not controlled by government or individuals while people who own it actually controls it which is better than the traditional paper money we are just holding a paper and beleive it has an actual value.

There are fake news on the internet about everything, not just Bitcoin.
While there fake news, there are also real stuff out there.
I understand your point very correctly that one has to be careful about the information on Google search. But then, it is still a very important tool to get information, but we just have to be able to separate the fake from the real.

I would simply tell the person that bitcoin breaks the bridge of third party in holding of funds for use. It was invented to serve as an alternative to the fiat currency, which is the primary aim of it. Any other benefit derived from saving your money in bitcoin is just the secondary benefit of using it. The security and privacy it provides to individual is enough for one to venture into saving in bitcoin and also the basic knowledge of securing your money online amidst the computer age we are now will help improve ones IQ and knowledge about computer science.

But there are many articles spreading fake things about Bitcoin as well news about you can make millions from it by investing in it so it's tempting for new investors who will jump into conclusions without even understanding the risk.So google search is fine but understanding about it at the base levels is also necessary rather then relying on google only because they don't filter out wrong information also.

Even the technology wise advanced people find it difficult to understand the real purpose of bitcoin. When we come up with the goodness they'll cite something else and say all that you mentioned can be performed here. With some users it is impossible to explain how good is the technology and functioning on the decentralised style.

I'll explain the usage with comparison which will easily gets fixed on the minds than just explaining. Bitcoin's limited supply will be explained against the currencies that are simply printed. The process involved in a transaction through a bank and how bitcoin can be transacted. This comparison will give the understanding about the simple way of sending any big volume of funds.

The idea of being your own bank and controlling all your funds without the need of middlemen services is one of the main benefits of adopting Bitcoin. And I would add the fact BTC is a great currency when paying for jobs done remotely, involving employees and employers from different countries or regions, especially freelancers.

Before BTC we had Paypal and similars, which charged abusive fees for using the services. Now the transaction can be done directly between two parties, for a cheap price that is the cost of a Bitcoin transaction.

If I have to convince a person who doesn't have much knowledge about Bitcoin besides the fact that it is a digital currency, First, I will let the person know that Bitcoin is permissionless; it requires no permission from anybody, meaning nobody is controlling it. Transactions in bitcoin are fast and cheaper compared to fiat currency transactions that may take a long time when the case of  different country is involved. Bitcoin is volatile in nature; if someone buys it now, due to its volatility, the price can increase if there is a lot of demand, so it is good as a store of value against inflation.

While profit-focused narratives might dominate, it's imperative not to be narrow in our comprehension. Bitcoin's permissionless nature, allowing participation for all, especially the unbanked, is formidable. Moreover, as a censorship-resistant asset, Bitcoin's immutable transactions offer a lifeline for those under despotic regimes. Additionally, Bitcoin fosters financial autonomy, making you a self-governing bank. Beyond profits, Bitcoin can genuinely champion global financial equity.

To every person there will be something that will attractive about bitcoins to them, so when having a discussion with someone about bitcoins, always try to talk about all the benefits it has.

Talking about all the benefits in general and elaborately will be more convincing than focusing on just one point.

If you have limited knowledge about bitcoins and only know about the benefit of being able to make profit from it, you need to equip yourself with more information about bitcoins before you try convincing someone else, just incase you are asked a brilliant question by the person you are trying to convince, a question that needs answering to convince them that you really know what you are talking about.

I guess we should introduce Bitcoin to possible users/investors as a currency, which it is and is made for. When talking with someone in person, we should mainly point out the benefits of using Bitcoin rather than fiat currency and all the differences that Bitcoin makes. And then after that, an introduction to the market and viewing Bitcoin as a possible investment.

Even though this could help, most online ads for exchanges/bitcoin services or articles describe Bitcoin as a volatile asset that most use for investing and making a profit. Since information travels much faster on the internet it is almost impossible to make a counter attack to those kind of sources. Bitcoin will always be a type of a closed circle, no matter how much we want to spread the info and adoption.

I just want to sum up the main reasons others pointed out in the thread. Aside from profit-making, Bitcoin can help overcome banking restrictions/sanctions in countries where it's relevant; it gives a person a possibility of total control over their funds; it provides more privacy than banking; it's a way of avoiding intermediaries when performing transactions; it can be a good alternative to a bank account for minors who aren't eligible to get one; it can be useful for migration when you need something to store your funds in.
One that I haven't seen in the thread but find pretty unique is an argument that Bitcoin mining can actually promote a switch to green energy by being a major consumer, since green energy often has storage issues, and miners can take it because they're big clients who need a lot of energy.