Due to the volatility of Bitcoin, I would never introduce it to my near and dear ones. People only respond to Bitcoin and are eager to get it when it creates a history (I meant All Time High). I believe that is the right time to talk about it otherwise we would only get negative response in the present situation. Everything is working out good for now and I believe Bitcoin would scale 10 notches up in adoption by next year. Patience and positive approach are the reason we are scaling up.
I don't understand why you shouldn't talk about bitcoin with them: they don't necessarily need to invest but at least being aware of what bitcoin is, why it was invented, and what its purpose is, all that is extremely important and useful because if they actually care about money, finance, and their future, they'll start asking themselves some questions that probably they never considered before. 
Topic: Smart Way to Introduce Bitcoin to Relatives, Spouse or Family - page 2. (Read 356 times)
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Due to the volatility of Bitcoin, I would never introduce it to my near and dear ones. People only respond to Bitcoin and are eager to get it when it creates a history (I meant All Time High). I believe that is the right time to talk about it otherwise we would only get negative response in the present situation. Everything is working out good for now and I believe Bitcoin would scale 10 notches up in adoption by next year. Patience and positive approach are the reason we are scaling up.
And as ironic as it is, the bear season is the best time to invest in bitcoin, but I understand that most people would prefer to just fomo in rather than invest early, many hate tying their money down so to day, they prefer to invest when they believe they can easily cash out in profit within the next minute.This clearly explains why there is always a lot of volume in trading whenever the price of any crypto asset, not particularly bitcoin, is going up, people are jumping in to catch some profit, but the truth remains that, many still end up being trapped in the end, so for me, if I ever will tell any of my family member about bitcoin, it will be during the bear market, so that if he refuses to buy, when the bull season hits, he or she will regret his or her decision knowing fully well I told him or her to buy at an early stage.
Honestly, I don't have the patience to read everything you wrote. I'm not saying they're useless, but it's too lengthy, and it's hard to convey these when we want to recommend bitcoin to people. I also agree with many people, not too many people will listen to what you are trying to say. When introducing bitcoin to a newbie, we should keep it short and concise. But for them to fully understand bitcoin, instead of explaining it to them, I will direct them to youtube videos, which I think will be easier for them to know than we teach them.
A wall of text but we'll put together and contains very valid points. It would help your thread if you out the summary at the top and anyone can read that before deciding whether or not to read the rest of the thread.
I should add that if someone brings up the comparison between Bitcoin and gold you could show them how it doesn't have to be either of them and they can buy both. It's good to diversify and have other investments in other niches besides cryptocurrencies.
I should add that if someone brings up the comparison between Bitcoin and gold you could show them how it doesn't have to be either of them and they can buy both. It's good to diversify and have other investments in other niches besides cryptocurrencies.
What I also sense from op post is that since the post contains a link to which he/she copied it from he wouldn't had go this length to still copy and paste rather brief it and include the original source I think that would gain more attention and enables people to read through the thread.
Due to the volatility of Bitcoin, I would never introduce it to my near and dear ones. People only respond to Bitcoin and are eager to get it when it creates a history (I meant All Time High). I believe that is the right time to talk about it otherwise we would only get negative response in the present situation. Everything is working out good for now and I believe Bitcoin would scale 10 notches up in adoption by next year. Patience and positive approach are the reason we are scaling up.
Despite people making profits from it, we should also understand that there is a lots of potential which we are yet to unveil from bitcoin but people are only focusing on the profitable aspect of it. We should try to look above the investment aspect and teaches people the basic knowledge they needs to know helping to spread the max adoption of bitcoin it must not be the investment aspect but having to know the configuration gives them an edge and confidence to free discussed about bitcoin out there without involving investment. This happen when the person you are teaching is not interested. If the person you are teaching is interested to learn about Bitcoin then I don't think they wouldn't stop listening although you are right that if they are not interested they will most likely do that. I experienced it myself where I am introducing cryptocurrency to my sister and yet she only listen to me for a while before she stop listening to what I was teaching her.
I don’t know, man, from my personal experience it’s not like that. I’ve been trying to tell people how important BTC is for years and it’s a difficult task. They think it’s funny when you’re talking about how Bitcoin can (and will) change the world as we know it. But maybe I’m just hanging around the wrong people, it’s very possible.Unless it provides a real, strong and immediate advantage to them, people’ll just see it as a boring thing. Tell them you made a million in a week and they’ll be deeply focused on you. Tell them you know about a currency that gives us back our power and they’ll lose interest and focus on the discussion unless they’re very interested in politics and the changing world. And no, I’m not talking about those people who try to desperately seek attention by pretending to support/disagree with action against climate change or other trending subjects. I mean interested for real.
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One major way to Introunce bjtcoin to relatives is if you're doing well in bitcoin and maybe if its your major source of earnings as your family and relatives will only believe you easily when they're seeing positive results.
So try to improve your life through bitcoin and make it evident to them and that is one easy way to draw their attention.
One major way to Introunce bjtcoin to relatives is if you're doing well in bitcoin and maybe if its your major source of earnings as your family and relatives will only believe you easily when they're seeing positive results.
So try to improve your life through bitcoin and make it evident to them and that is one easy way to draw their attention.
For me, there is no better advice than results, just show them the results we get when we invest in bitcoin, and we won't need to explain too much to them. That's also why I don't want to give too much bitcoin investment advice to newbies or anyone, and I feel like it's a waste of time explaining it to them. I always show them the results I get when I invest in bitcoin, and if they are interested in it, they should come to me. I don't want to waste too much time on someone we're not sure if they'll participate or not.
A wall of text but we'll put together and contains very valid points. It would help your thread if you out the summary at the top and anyone can read that before deciding whether or not to read the rest of the thread.
I should add that if someone brings up the comparison between Bitcoin and gold you could show them how it doesn't have to be either of them and they can buy both. It's good to diversify and have other investments in other niches besides cryptocurrencies.
Thanks for your help on this topic and your great suggestion, really need it, and also I really agree with your opinion about the not only about the comparation, but also suggest to buy both. Really appreciate.I should add that if someone brings up the comparison between Bitcoin and gold you could show them how it doesn't have to be either of them and they can buy both. It's good to diversify and have other investments in other niches besides cryptocurrencies.
so OP wishes to start by confusing family with
"what is money.." then saying "money is not money.. its currency"
nope
currency can be anything. even trading sexual favours for a new purse is currency, giving a friend a beer in exchange for fixing an engine is currency...
however money is a finer subcategory of currency, its more formal/legally accepted medium of exchange controlled by a state.
there are different types of money, and no money does not need to be backed by gold
Maybe you didn't get what I mean, the point is to make them understand that we can have a conclusion about the the fiat currency, so, next we can jump to the the second step. Have you read it carefully buddy?. I really want to give more detail and informations, but I really confused why people bored with this simple explanation (my opinion). "what is money.." then saying "money is not money.. its currency"
nope
currency can be anything. even trading sexual favours for a new purse is currency, giving a friend a beer in exchange for fixing an engine is currency...
however money is a finer subcategory of currency, its more formal/legally accepted medium of exchange controlled by a state.
there are different types of money, and no money does not need to be backed by gold
So guys, if you I can give you a question, would you reply it? I just wanna ask you, Did you ever read Bitcoin Whitepaper? and if it "yes", so, do you also bored with it? (https://bitcoin.org/bitcoin.pdf)
I see a lot of comments that this thread is so long that it makes it lazy to read. But you need to know that the most important point is in the first and second steps to tell beginners, while the next step is to continue if they really start to understand.
I think the term important point is subjective, even though for you it is very important, to someone else there maybe more important than those. I've been there, I tried to explain to people the importance of BTC but all they care about is the term of their own benefits. No matter how noble our mission is, if it will not solve the urgent matter in the listener's hand, they will not give priority to it.
Easier said than done. I wish it was this easy, but it’s not..
Raise your hands in the air if almost every time you tried to explain BTC/crypto to someone you couldn’t even get into the subject because they stop listening almost immediately? The toughest part of the discussion is not having them lose interest before you even get to your point
Raise your hands in the air if almost every time you tried to explain BTC/crypto to someone you couldn’t even get into the subject because they stop listening almost immediately? The toughest part of the discussion is not having them lose interest before you even get to your point
And making our pre-intro too long will make our audience lost interest even before we start the introduction part. The Idea of @OP is great but it would be best if he will find to KISS(Keep It Short and Simple).
Easier said than done. I wish it was this easy, but it’s not..
Raise your hands in the air if almost every time you tried to explain BTC/crypto to someone you couldn’t even get into the subject because they stop listening almost immediately? The toughest part of the discussion is not having them lose interest before you even get to your point
This happen when the person you are teaching is not interested. If the person you are teaching is interested to learn about Bitcoin then I don't think they wouldn't stop listening although you are right that if they are not interested they will most likely do that. I experienced it myself where I am introducing cryptocurrency to my sister and yet she only listen to me for a while before she stop listening to what I was teaching her. Raise your hands in the air if almost every time you tried to explain BTC/crypto to someone you couldn’t even get into the subject because they stop listening almost immediately? The toughest part of the discussion is not having them lose interest before you even get to your point
Easier said than done. I wish it was this easy, but it’s not..
Raise your hands in the air if almost every time you tried to explain BTC/crypto to someone you couldn’t even get into the subject because they stop listening almost immediately? The toughest part of the discussion is not having them lose interest before you even get to your point
Raise your hands in the air if almost every time you tried to explain BTC/crypto to someone you couldn’t even get into the subject because they stop listening almost immediately? The toughest part of the discussion is not having them lose interest before you even get to your point
I see a lot of comments that this thread is so long that it makes it lazy to read. But you need to know that the most important point is in the first and second steps to tell beginners, while the next step is to continue if they really start to understand.
The point is that introducing Bitcoin to any person should be short and concise. It was just another option to have a long explanation because learning and knowing about Bitcoin doesn't take so long but the problem is how these listeners will grab the opportunity. Whether you believe it or not, it was hard to convince and educate people when they don't have an interest in it. And most of the time, it was hard to approach relatives and give them ideas compared to those who are not close to you. 
Honestly, I think the tone in the explanation guidelines is very condescending and more appropriate when talking to a child than a partner. I mean, asking whether they know what money is, that the gold standard was abandoned, etc. sounds somewhat inappropriate because it's a position of assuming they don't know something people are expected to know and that they know less than us. Also, interestingly, it seems to me that the difference between money and currency isn't actually explained there, and the difference is not that important and not what the op seems to hint: money is just a broader term, and a currency is one form of money. It's not just my opinion, I'm merely relying on Investopedia here.
It's also confusing to summarize the 4th point as "Bitcoin versus currency" because Bitcoin is called a cryptocurrency, so it's also a form of currency, just not like fiat.
It's also confusing to summarize the 4th point as "Bitcoin versus currency" because Bitcoin is called a cryptocurrency, so it's also a form of currency, just not like fiat.
OP, you did the best thing to introduce your relatives to bitcoin and with the long discussion,if I was among one of them,I might not have the patient to listen to all your points because everything will be strange and boring to me. You should explain in a very simple way and also tell them more about the risk in it and how to invest in long term for them to make their decision if it is cool with them to invest on. If you keep telling people about only the advantages of bitcoin without the risks involved,it means that you are not doing it the right way and they will blame you,if bitcoin price goes below the amount that they bought. Don't think that you are trying to help them without telling them the whole truth of bitcoin movement
so OP wishes to start by confusing family with
"what is money.." then saying "money is not money.. its currency"
nope
currency can be anything. even trading sexual favours for a new purse is currency, giving a friend a beer in exchange for fixing an engine is currency...
however money is a finer subcategory of currency, its more formal/legally accepted medium of exchange controlled by a state.
there are different types of money, and no money does not need to be backed by gold
"what is money.." then saying "money is not money.. its currency"
nope
currency can be anything. even trading sexual favours for a new purse is currency, giving a friend a beer in exchange for fixing an engine is currency...
however money is a finer subcategory of currency, its more formal/legally accepted medium of exchange controlled by a state.
there are different types of money, and no money does not need to be backed by gold
I haven’t had much luck advising family & friends to invest in bitcoin. They’re all too risk averse (bitcoin isn’t a risk imo but they think it is). They all believe FUD from mainstream media, these are the kind of people who follow all the rules & believe everything their government tells them.
I think the best way to try to convince friends & family is simply to just give them a paper wallet with some bitcoin in it. They might then be intrigued to educate themselves, even if it’s just to convert the bitcoin to fiat. I don’t think telling them to buy initially is the best way. People are too ignorant & stuck in their own ways.
I think the best way to try to convince friends & family is simply to just give them a paper wallet with some bitcoin in it. They might then be intrigued to educate themselves, even if it’s just to convert the bitcoin to fiat. I don’t think telling them to buy initially is the best way. People are too ignorant & stuck in their own ways.
You should keep your introduction as simplest and shortest as possible because if you explain it too long, people will lose their concentration to listen to your speech. It is your failed attempt if you plan your introduction with 5 steps but they give up after 2 steps.
I agree with you, OP is taking too long a step to introduce Bitcoin to people, instead of being a smart way, it is a complicated way. Based on my personal experience, to introduce and explain the existing system in Bitcoin to the people closest to me. I just made a simple comparison between FIAT, Gold and Bitcoin.
Which is where both FIAT or Gold has an unlimited supply and this is what will cause inflation and is not an appropriate instrument for the purpose of storing value. Unlike Bitcoin which has a definite maximum supply of 21,000,000 pieces. But, even though the OP made the steps too long, we should appreciate the ideas that came out of his mind, the steps above are indeed not a smart way, they are more towards complex and when people really listen to OP explanation, then that person will understand much more than just use simple methods.
I've been in cryptocurrency for a few years but I've never once seen anyone ask me about what I'm doing in the Bitcoin or Crypto space who are my relatives. Despite their content that this is my only source of income that I have been doing for several years.
Because I have a habit of explaining or teaching Bitcoin to people if I see and feel that they have an interest in knowing what Bitcoin or cryptocurrency is, and how it can help the communities we belong to.
Because I have a habit of explaining or teaching Bitcoin to people if I see and feel that they have an interest in knowing what Bitcoin or cryptocurrency is, and how it can help the communities we belong to.
Due to the volatility of Bitcoin, I would never introduce it to my near and dear ones. People only respond to Bitcoin and are eager to get it when it creates a history (I meant All Time High). I believe that is the right time to talk about it otherwise we would only get negative response in the present situation. Everything is working out good for now and I believe Bitcoin would scale 10 notches up in adoption by next year. Patience and positive approach are the reason we are scaling up.
There's no guarantee that Bitcoin will increase by those numbers next year so when you're trying to convince your relatives to invest don't promise them those profits or when it doesn't happen you'll become the bad guy as all blames will be on you. Don't deprive your relative the knowledge of knowing about cryptocurency industry and investing in Bitcoin. It doesn't matter how volatile the market is, you can teach them how to handle the volatility.
You're not teaching them how to trade so they shouldn't be worried about the volatility, instead you are teaching them how to invest in Bitcoin and investing in Bitcoin doesn't demand so much to be able to complete it. One smart way to introduce your relatives to Bitcoin is through DCA.
I don't think getting people this long message is a smart way to introduce bitcoin to people.
One major way to Introunce bjtcoin to relatives is if you're doing well in bitcoin and maybe if its your major source of earnings as your family and relatives will only believe you easily when they're seeing positive results.
So try to improve your life through bitcoin and make it evident to them and that is one easy way to draw their attention.
Telling them about it because your prospering from the profits, wouldn't that give a wrong impression to your relatives that investing is easy and that they're not going to experience any losses. I think that the long and boring way is the right way to introduce bitcoin, if people didn't care to read the whitepaper early on, we wouldn't have bitcoin like it is right now. One major way to Introunce bjtcoin to relatives is if you're doing well in bitcoin and maybe if its your major source of earnings as your family and relatives will only believe you easily when they're seeing positive results.
So try to improve your life through bitcoin and make it evident to them and that is one easy way to draw their attention.
A wall of text but we'll put together and contains very valid points. It would help your thread if you out the summary at the top and anyone can read that before deciding whether or not to read the rest of the thread.
I should add that if someone brings up the comparison between Bitcoin and gold you could show them how it doesn't have to be either of them and they can buy both. It's good to diversify and have other investments in other niches besides cryptocurrencies.
I should add that if someone brings up the comparison between Bitcoin and gold you could show them how it doesn't have to be either of them and they can buy both. It's good to diversify and have other investments in other niches besides cryptocurrencies.
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