Topic: Smart Way to Introduce Bitcoin to Relatives, Spouse or Family (Read 415 times)

Maybe because of different habits. What I experience is, my family, friends, or even relatives always ask or want to know a lot about what I do, whether it's about finances, work, sources of income, or whatever it is. so I thought to make this topic according to what I experienced.

Yes, we must simplify the Bitcoin narrative to appeal to a broader audience, but we cannot strip it down to the point where it loses its essence. Bitcoin is a technological solution to a socio-economic problem, and to fully appreciate its value, one must understand some of its underlying technology.

Bitcoin was born out of the need for a decentralized, peer-to-peer form of digital cash that was resistant to censorship and tampering. If we aren't talking about the decentralization or the ledger, we aren't talking about Bitcoin.

Also, Bitcoin versus gold is an inevitable comparison that comes up when discussing stores of value. Avoiding it altogether doesn't do justice to Bitcoin's unique advantages. For instance, while gold is physically finite, Bitcoin is digitally finite and has advantages such as easy transferability, divisibility, and immunity to physical damage.

You need to remember how you found out about bitcoin, someone tried to tell you about it, or did you just hear about it and began to look for available information about what it is and how it works? If you know that your advice may eventually lead to the fact that your relatives will bear a grudge against you, then why do you need it? What is really worth doing is trying to explain to the wife/husband how good this opportunity is, that's all you really need to take care of.

i found your steps not that good enough (no disrespect) but you said we should not become technical jargon but crypto/BTC is technology so you have to step your foot into the river of technicality. Lets take an example, i am a newbie i know nothing about crypto back in 2018, and all i thought is BTC is some source of free earning, like all we have to do is click after every 24 hours on online mining platforms and money is being generated, well, after getting slapped on the face i left crypto, and in 2020 one of my friend help me to understand crypto/btc how?.

Well, first, i am not a traditional person and never involved into banking sector, so i did not aware of the traditional market or finance problems, i did not even aware of the global reserve cycle problem, so, what i learn is, how BTC is developed, Why it exist, Who is running the blockchain, What value it has in its decentralization and why we should value it too? How BTC is gaining value while it is just a programming or a block of code? How transactions are being made?

These types of question i learnt first, at that time there were no AI tools like gpt but today anyone could quickly learn these things in no time.

The point is, teaching your family and teaching anyone, requires different approaches, we cannot jut use the same strategy to teach them because they already knew what money and currency is but they are eager to learn how Blockchain is important with BTC and why BTC is gaining value, How can we get benefit from it? and instead we are teaching them the inflation, and global crisis and financial cycles and etc. Never compare Gold with BTC in front of traditional people because they will give up on BTC at start, Why? because they have spent more than you talking and listening about gold then BTC.

Not gonna be the family's outcast and have them be exposed to bitcoin, let them invest belligerently and then risk losing connections to them when they blame me when they lose their money. I'd much rather have them discover bitcoin on their own and be the guy who's supplanting them information about it, as well as how to invest and all that stuff that's needed to stay afloat in this industry instead of proactively teaching them what to do. Cause at the end of the day you wanna make sure everyone's not mad at you during Thanksgiving or Christmas Dinner, plus these people pretty much have their lives figured out without bitcoin and would probably persist with their current form of incomes so I don't really see any point as to why I should let them know about bitcoin other than it's a nifty thing to learn every now and again.

And if you are really serious in introducing them to this market, get ready to send them some.
In that way, it would be easy for them to understand the value of this coin in your actual fiat currency.
It is also relatively easy to teach them on how to trade a coin if you have something to work on.
Because if it is all talk, it would be hard for them to grasp what is actually going on when you trade this coin.
But do remember, only introduce this market to only family member who is willing to listen and eager to learn.
Otherwise, you have no responsibility to convince each of them to get involve in this market, as this should be voluntary.

I think it's a thing with OP when you run through his topics. They've to learn the arts of precis writing, among other things.

I don't think anyone meant any harm saying that. It's just a fact they're stating. Don't take it the wrong way. Again, won't it also be thoughtful that you take note not to make your lectures to these ones you're teaching lengthy. The major thing that will interest most noobs about the teaching of Bitcoin for the first time will be the investment part. The technicalities around it will bore them. Making it lengthy will be a double jeopardy.

That cracked me up, for real. It's true. I came to the irrefutable conclusion that there's no easy/smart way to teach anyone Bitcoin if they aren't interested. I tried teaching Bitcoin to people around me a few years ago and most of them avoided learning it. It's just of recent they're asking for my attention to teach them.

I don't like reading a long post like this OP, sorry about that but my reply is going to be about your topic because I already have an idea where all this is heading.

I don't just introduce Bitcoin to anyone, that includes my family members too, I have to look very well before leaping, because some people in the family are not always welcoming, they are in a mood that only encourages them to shut you the hell up.

Some are disbelievers, they always want to talk you out of everything you have in mind and even your goals, so the type of people that I like introducing Bitcoin to are those that are looking for ways to make money online, at least they have something to do with the internet and they are not illiterate.

After that I always make sure they are ready for the risks, and the responsibility of blaming themselves if they lost their private keys or if someone steals their Bitcoin, I always make sure they are the ones ready to face the good and the bad side of Bitcoin.

I always prevent myself from helping them do the buying and things, they must be willing to do the readings and learn how to trade on an exchange and buy Bitcoin too, I will never put myself in the position of doing such for anyone.

Your stance, though valid, overlooks the societal repercussions of surging Bitcoin adoption. Its not about swaying people, but fostering comprehension of Bitcoin' monstrous potentials and other cryptos.

Crypto-savviness is crucial today. Better Bitcoin literacy could curb income disparity, democratize financial services, and bolster economic stability. We, the pioneers, must shoulder the task of educating our peers, even the indifferent ones. Surely, folks will naturally drift towards Bitcoin. Yet, we must enable their readiness with unbiased, thorough, and palatable crypto knowledge.

The real problem here is your relatives, spouse and friends still not knowing what Bitcoin is, after all your explanations.
Some people simply don't want to learn and they don't want to understand. Trying to explain to them everything only makes them more suspicious. That's why the only winning strategy of introducing Bitcoin to your social circle is NOT introducing Bitcoin.
I just don't talk about finance to anyone in my social circle. Taking about finance(it doesn't matter if it's fiat or crypto) is like giving them financial advise. They might put the blame on you, if they make a wrong financial decision based on what you have told them.

However we try to educate a person on something, if he/she hadn't got the interest then it is kind of wasting our time. What OP have mentioned is good approach, but to make use of it first we need to find the person who is interested to learn and know about bitcoin and cryptocurrencies.

When technology is taught we need to make use of the devices. Showing how a transaction happens will let us know whether the particular person is interested or not. Depending upon that we should continue or just wind up with some basics.

Easy to say but not easy to do.  do you have a brief explanation that might get them excited about bitcoin?  i don't think there is a way for a complete newbie to understand bitcoin through just a few simple sentences.


I have never seen anyone who can convince someone to invest in bitcoin with words alone without any proof.  moreover, there is no reason to convince anyone to invest in bitcoin without getting any benefit.  investment is good for them, it's profitable for them;  why should we try to convince them when we won't get even a single thank you from them?  but if they lose, they will undoubtedly blame us.

I think whether a person will get interested or not depends on how we introduce Bitcoin to them but take not long introduction can take away the excitement of the person so we must introduce Bitcoin in the most exciting and promising way.  More on important but compact, this way people will easily undertand about Bitcoin.


I have seen people able to convince investors even though these investors are initially not attentive to cryptocurrency. 

No matter what strategies you try to use to convince people, those who will be interested will surely be interested, and those who will not develop interest will never be. I seriously like people to benefit from anything or anywhere I am benefiting, but no matter how hard you may try to help some people, they will never give you help themselves. I have tried many times to introduce some of my relatives to Bitcoin, but not all of them have listened, despite the different strategies I used.
 
So I just discovered that no matter how hard someone tries to carry some people to the right way, they will never come. Op You have really tried with the guides lines, and it may be helpful to some people, but I don't think it is necessary to convince people by all means to learn about Bitcoin. I believe when they think it is the right direction for them, they will surely find means to learn about it. 

Yes, keep it simple stupid like they say. I try this method most time. What is see with it is that it works sometimes for a category of people at other times it doesn't work. Remember that despite them being your relatives, family and friends some of them are also professionals. I come at them from the angle of their professional jargon and try to fit it into the message I am trying to convey. One mistake I made earlier was try to force them to accept my knowledge and teachings what I do now is that I lay the facts bare for them and leave it out there as a choice for them to choose from.

Bitcoin is the essential one to discuss with your relatives and share the knowledge with them.So they understand the importance of the Bitcoin and how effectively it work.So the investment will double with the number of investment increases.When you had enough time to teach others,you can teach your wife family too.It’s easy to teach your wife to learn about the cryptocurrency in short period of time.

That depends on the situation I think and in my sister's case is she is not very much interested in crypto even though I show her the money I earned because of BTC but all she will say is, I won't because it's so tiring and it's also in English plus I can't understand most of the topic that are being discussed then I told her that you may join the discussion once you have made se research. I think she lacks motivation in my opinion and right now I still told her and yet still lacks motivation. My other siblings know crypto and now I am the only one left who are still into crypto. I don't know their reasons but I respect their decisions.

The way you tried to convince relatives or family must be appreciated. Because in this way if someone can be explained in detail then anyone can easily understand. Especially summarized some of the things I've seen here that really effective. The way you explains the five reasons and their interpretations must be effective if implemented. I think that providing such detailed information about Bitcoin would certainly make it easier for anyone to hold it in their favor. However, since many people do not have a good idea about this matter, so should take time and gradually explain these things.

I've not done research to know whether it was copied verbatim but including sources does not mean there is no original content within it. Some can use sources as reference but organize the post including original content to it.

I don't want to try to introduce Bitcoin to my relatives, friends or others because, in the current situation where it is still difficult for them to survive because they have to adjust after the pandemic occurred, it will not be easy. They will prioritize meeting their personal needs before stepping into investment matters.

Only people with money "might" want to hear about Bitcoin. After all, I would only explain Bitcoin if they asked me what Bitcoin is all about. But I still advise people to make Bitcoin a long-term investment like they did gold. I've made several friends do a comparison between gold and Bitcoin.

And from there, they could see the difference and decided to invest in Bitcoin instead of gold. But if @OP thinks it's smart way to introduce Bitcoin to the people around him, he can keep doing it as long as he doesn't force people to follow what he's described. Everyone is free to decide to invest in Bitcoin or anything else.

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.

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.

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.

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.

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.

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.

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.


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).


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 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.

 

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).

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.

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

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.

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

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 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.

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.

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.

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.

hard money. Well, in terms of Portability It's true that gold is difficult to transport, But, there are good systems in terms of storage and didilevry of gold which may be safe. If I'm not mistaken, There are safes and special services to facilitate the safe movement of gold, including international transfers. Yes, advances in financial instruments such as gold-backed exchange traded funds (ETFs) provide investors with an easy way to gain exposure to gold without physically owning or moving it.
     

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 do not know if your relative would be interested in listening to your explanation.  Why not make it simple by simply telling them that Bitcoin has the possibility to improve your status of living.  As simple as that, and there is no need to utter deep words and several stuff.  Remember more words = more mistakes and misunderstanding.  At the end of the day, we are into Bitcoin not because of what you are talking about but because we believe that we can gain profit from it.


I agree, intro must be short, impactful, and precise.  Keep it short simple and effective.   Always consider the thought of "what is it for me".  Since most people won't move any finger if they found that they have nothing to gain from their action.

Hey mate, I don't enjoy reading very long post and no matter how Interesting  the thread might be, it will require me to have extra effort to go through it so maybe you should try reviewing  your post and just try summarizing it to it's simplest form to enable people read it easily.

I don't think getting people this long message is a smart way to introduce bitcoin  to people.
One major way to Introunce bitcointalk 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.

I like that it is a way to introduce bitcoins to your relatives, Spouse or family and not a way to pressure them under the excuse of trying to convince them.

If you feel that your family members need to know about bitcoins and then make the decision on their own to want to invest or not, that is good because you are introducing to all the people you love something that has the ability to change the lives and that is what family should be about, which is trying to better the lives of other when you have an opportunity to or know something that can do it.

I'm too tired to read your quite long post, but I still appreciate how you give your views to other members here on how to introduce Bitcoin to their closest people. Your point about "don't introduce technical stuff to them" is something I quite agree with, because usually people will tend to be lazy to know technical stuff at first. So as much as possible we have to introduce Bitcoin in a language they already understand and give examples of things that they can understand, for example we can give an understanding that Bitcoin is the same as gold. With this they will understand more easily, even though it is different from gold, but the more they know bitcoin, the more they will understand what bitcoin is according to their knowledge.

So true.
If necessary, how to introduce it also needs to be made more interesting with a method that is far from boring because listening to lectures that take too long in a formal way, in my opinion, is not the right way to convince people.
Apart from having to simplify as short as possible his introduction in introducing Bitcoin, OP needs to master several other techniques such as negotiation techniques, techniques to become a reliable speaker.

In this case, there are many books related to how to convince other people either in stores or downloaded on Google, such as a book entitled How to Win Friends and Influence People written by Dale Carnegie.

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.

You can try to introduce them about convenience of Bitcoin transactions, advantage of owning private key and be your own bank. If they are interested in, you can continue. If they are not interested in, they can stop your speech. They will need time to digest information too so you can split your speech to some parts which will be taught to those people at different times.

I can see that you prefer to refer your friends and families into Bitcoin when the price is surging high, what you are trying to do is even more dangerous for your loved ones because you are simply telling them to FOMO in when they should have gotten into Bitcoin when it was still very cheap.

I get it, you don't what to see them losing their money, but this is Bitcoin, not altcoins, they lose money with Bitcoin when they sell their Bitcoin, maybe you should accept that you don't know the proper way to introduce Bitcoin to your loved ones and people on here will teach you how.

I have introduced my families into Bitcoin, it's easier for me to introduce Bitcoin to them as a digital gold and a good store of value, only if they can HODL for a long term, it's not a get rich quick investment, tell them this and they will think twice.

Not everyone of them will be up for this, but few ones will, all they need to do is invest money they can keep somewhere and take their minds and eye from for years, this is Bitcoin.

You choose the HIGHS and I choose the LOWs, I will never let any of my friends or families to invest in Bitcoin at a high price.

That don't even make sense, you assume that they're dumb by appealling to their greed instinct, it's actually smarter to do it right now if not most of the time in the market. Not to mention they can decide for themselves whether they should do it or not. If you read the gist of what OP is talking about, you can actually use that as a start of the dialogue with your family members. Also a big bonus to you is that when you do this and they are independent on the decision, and if they fail, you are not liable because you've just given them the necessary information and let them form their own decisions whether they should do it or not.

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.

Have You ever been confused about how to explain Bitcoin to other people, even to partners or family, even to spouse. So, this thread is especially for you who are confused about explaining what Bitcoin is to their Relatives, spouse and family. This thread will give you a framework and a grid that explains Bitcoin easily so they understand what Bitcoin is.

Well, the problem now is that many people don't understand about Bitcoin and they get the wrong understanding. Many people don't even know, don't understand, and fail to understand Bitcoin. Even many people think that Bitcoin is ponzi, criminal currency, and others. I tihnk Bitcoin is not a business, not a Ponzi because it doesn't promise any returns. While many people just play Bitcoin or trade Bitcoin and don't understand what the real essence of Bitcoin is.

So, why do we need to explain Bitcoin to our spouse and family? Because financial decisions as much as possible are joint decisions if we have a partner. Especially when it comes to so many percent of our assets. Well, because we also want them to be able to survive the Financial Apocalypse caused by the collapse of Fiat currencies.

So, let's start. How to explain Bitcoin to your Relatives and family, even to spouse. A tips for you who want to explain about Bitcoin to their spouse, family or parents. Stay away from technical jargon as much as possible. Stay away from discussing technical matters about Blockchain, Smart contracts, and others. So, for people who are just getting acquainted with Bitcoin for the first time, they only need to know the basics.

Summary of the Steps :
-The first step keyword is the “Difference between Money and Currency”.
-The second step keyword is “Issue or problem of our Fiat currency”.
-The third step keyword is “Change in Global reserve currency”.
-The fourth step keyword is “Bitcoin versus currency”.
-The fifth step keyword is “why not gold?”.

So, let's help them find out why do we have to have Bitcoin. So, let's start with the first step.

BTC - We begin to explain what money is. Start explaining that money is not like the paper money we hold now. The money is not the balance in our account, not dollars, not yuan, not rupiah. It is currency, not money. Currency in English . So, you can start with an open question, like if you know what money is, what's the difference between money and currency. Well, that currency is currency or also called Fiat money. So, let's ask again. Do you know what Fiat currency is backed up with? Well, if you answer gold. That is wrong. Because Fiat currency is not backed up with gold. So, let's try to check how much gold reserves and how much money is in circulation. We think that paper money is money because our government and our Central Bank say it is money.

Even though this is just currency. Well, this is different from the paper money that people had before 1971. What happened in 1971? Prior to 1971, this dollar was backed up by gold. Even the American government at that time guaranteed that every dollar was backed up and could be exchanged for gold. It's even in the mold. Well, in 1971 the president of America was Nixon took the dollar off the gold standard and made the dollar a Fiat currency.

Currency that is not backed up by anything, only based on trust, wind, and trust. Why did President Nixon take the dollar off the gold standard? Because the gold reserves in the US central bank are not enough if the owner of the money asks for the gold back. America is already printing too much money. Then what to do with other countries' currencies? So the problem is, other countries already save a lot of dollars instead of gold. Its original purpose was to facilitate international trade and to store the gold in the vaults of the American Central Bank. Because America has a framework monetary system , and the dollar was previously considered the Global Reserve currency. The Central Bank of America is not a state institution, but a private institution with a national brand. This is not a conspiracy theory, but these are historical facts that we can find the information on Google. So, now you know the difference between currency and money.

So basically, the keyword in the first step is the “Difference between money and currency”. So we can ask an open question about that. Well, if you have the next question, here. Then what's the problem with Fiat currency?

BTC - So, let's go to the second step. Namely explain the problem Fiat currency. Well, this Fiat currency has a problem. We know that this Fiat currency keeps decreasing in value, right? Try to remember. In the past, how much pocket money did you have when you were in elementary school and what could you buy? Now, the amount of money, What does it mean? Well, this means that Fiat currency continues to decline in value.

If economists say, inflation. Even Warren Buffet wrote that inflation is actually a hidden tax. We don't need to do anything with our money, just save it, the value decreases. Well, this is an example of inflation, Venezuela used to be a rich country. In fact, all the needs of the people were borne by the state before. Because they are the main exporters of oil. So, back to the dollar. The dollar has already made many countries use dollars, all countries around the world will suffer if America and its currency collapse.

In this second step, the keyword is “Problem with our fiat currency”. The question is, when that happens, what will you do? So if there is a question,  that's far away, it's not going to happen.

BTC - Now, we can go to the third step. We explain about the changing world order. So that we have a wider time frame, we will briefly tell you about the changing world order, changes in the Global World Reserve over the last 500 years. And if there is a change in world order, it is most likely that it will occur in our generation. How come?, because there is a cycle changing World order. That is the change in the World order or in quotation marks, the rulers of the world once every 100 years.

So if the World order changes, of course the reserve currency will also change. In the past, for example, when Spain was in power, we used Spanish silver money.For your information, Spain used to rule 2/3 of the world. How strong Spain was at that time. Even the Netherlands is a Spanish colony. Now, when the Dutch kingdom came to power, we used the guilder currency. When the British ruled, we used the pound sterling currency. So when America is in power now, after becoming the winner of the 2nd world war. We use dollars. But this cycle will change and it's getting close.

Because there is a cycle of changes in the global reserve currency once every 100 years. Now every time the World order changes, maybe there will be Chaos. So, where does 100 years come from? The benchmark is from 1938. Since the dollar was established as an international currency through the Bretton woods agreement. Where the 44 countries gathered in Bretton Woods to choose the Dollar as international money because at that time it was still backed up by gold. So, every time the world order changes, the rulers change, maybe there will be chaos. There will be financial ruin caused by changing the Global reserve currency too. This means that the paper money that we held at that time became worthless. Well, that's why we need a financial ark.

The third step keyword is the “Change in the global reserve currency”. So, if there is a response, what kind of boat is it, it's just getting ridiculous.

BTC - Well, our fourth step is just explaining why Bitcoin solves the Fiat problem. Well, the ark of financial ruin is Bitcoin. Why Bitcoins? Because it is different from Fiat currency, which is Limited. Limited Bitcoin supply. Only 21 million wrote and can not be made anymore. Unlike the Fiat currency, which increases its supply every year, the new Bitcoin supply is reduced by 50% every 4 years to a maximum of 21 million coins.

Well, it's different from the Fiat currency system, where the payment network system is expensive and long. Bitcoin has a payment system protocol called blockchain. Transfer fees to all parts of the world are fast, easy and cheap without a third party. Imagine if we use Swift, use Paypal, use Western Union. It's expensive and can take days if we send it between countries.

Unlike Fiat currency which is only limited to certain jurisdictions and geographies, Bitcoin could be taken anywhere. Fiat money cannot be carried across countries in large amounts. Well, the good news of bitcoin is portable money. This is different from Fiat currency , which means that when there may be chaos, we can carry our Bitcoins everywhere. Unlike Fiat currency, which has a limited market in one country, Bitcoin has a global market and can be traded all over the world. Fiat currency is only limited to certain regions. For example, in Japan, we use Yen. In Singapore we use Singapore dollars.

So it only applies in that territory. Now it's different from Fiat currency which is controlled by a centralized server, which is a bank. The Bitcoin protocol is secured by tens of thousands of computers spread all over the world, which we call nodes. So killing Bitcoins is nearly impossible because the data is on tens of thousands of computers around the world. Unlike Fiat currency, when a country collapses, the currency is not valid because the fiat currency is issued by a country's central bank. Bitcoin when a country collapses, an empire collapses, we can move elsewhere with all of our Bitcoins and start a new life without having to start over.

Bitcoin is different from Fiat currency, which the value is very dependent on the policies of the leader, where we know that sometimes it may be unwise, even corrupt. For example, as happened in Turkiye. Its currency fell because Erdogan failed to control inflation. Or in other countries such as Venezuela, Zimbabwe, Argentina, and many more. Failure to control inflation can cause the currency to become hyper-inflation and economic chaos like in Indonesia in 1998.

In the fourth step, the key word is “Bitcoin versus currency”.

BTC - So, if you have received a question “why don't we just buy gold?”.So, We must proceed to the fifth step. On, why Bitcoin not only solved the Fiat problem, it also solved the gold problem. So, for thousands of years , gold has been considered as money. Gold is considered as real money because gold is difficult to mine and is considered a precious metal whose value is timeless. That's why every dollar before 1971 was backed up by gold. So, we call this gold hard-money because it is difficult to produce gold. Maybe not even. And can only be mined from the bowels of the earth. So, we discussed this before , after 1971 President Nixon announced that the dollar was no longer backed by gold. Everything becomes paper whose value is only based on our trust in the American government. The dollar is a fiat currency that is bound to collapse. Now all countries are subject to the standard dollar because they have already been tricked by America and are afraid of its military hegemony. We call Fiat currency dollars as easy money. So, there was hard money, gold. There is easy money; Fiat Dollars , because they are easily printed through monetary policy and debt securities issued by the government. That's why we need Ultra Hard money, which is Bitcoin.

Why not gold? Well, gold has several weaknesses even though it is also considered as hard money. So, earlier there was Easy money and Hard Money. The Weaknesses of Gold;

- Gold is not portable. Gold is difficult to carry across jurisdictions because there are import duties in each country. Even gold is not easy to carry across islands, especially since the amount is large. Why Bitcoin?, because of its digital form can be stored easily and sent easily.
- The second weakness of gold is that the maximum supply for gold is not known. Bitcoin maximum supply amount is absolutely certain and can not be added again. Well, maybe 5 years later a gold mine is suddenly found which automatically increases its supply and reduces the hardness money in “quotation marks”.
- The third weakness, gold is just hard money but doesn't have monetary technology. The dollar alone had the monetary technology of its time. Through printing press technology or printing machines that did not exist hundreds of years ago. Well, Bitcoin has technology. That is the protocol or what we usually call the Blockchain. With Blockchain, we can send Bitcoin to each other without the need for third party assistance such as banks or fintech.
- The fourth weakness of gold is that the buying and selling price of gold has a fairly large spread and it varies between gold traders. The buying and selling price of Bitcoin even if there is a minimum spread and can be executed instantly.
- The fifth weakness, we can't tell the difference between real and fake gold levels. Bitcoin as long as we can send it to our own wallet, it can't be counterfeited. Well, in the fifth step, the key word is “why not gold”.

Okay, so let's recap the gist, guys.

-The first step keyword is the “Difference between Money and Currency”. So we tell about this.
-The second step keyword is “Issue or problem of our Fiat currency”. So, we can give an open question regarding the problem of our fiat currency.
-The third step keyword is “Change in Global reserve currency”.
-The fourth step keyword is “Bitcoin versus currency”.
-The fifth step keyword is “why not gold?”.

That's all. No need for weird jargon like talking about; Ledger, hardware wallet, blockchain, and so on. The point is that those who don't understand Bitcoin get the essence first, get the why first. After the why clicks with them, it's easier to guide them to the next step, which is “Buying Bitcoin".

Note : Remember, if you want to change people's minds, don't use too much technical jargon. Don't use too much data. We want them to understand, not to make us look smart.

I deliberately made a post on the bitcoin discussion to receive suggestions and input, maybe there is something I need to add regarding the topic that I created. And hopefully if there is an error please give feedback.

Sources :
- https://medium.com/the-ascent/warren-buffetts-recent-explanation-of-how-money-now-works-is-the-most-important-in-history-2e45461a5969
- https://www.federalreserve.gov/faqs/currency_12770.htm
- https://www.investopedia.com/ask/answers/09/gold-standard.asp