Topic: The difficulty of explaining Bitcoin to people is massive (Read 1148 times)

Some people will get it right away with a little description and research, and some people will take many years to get it.

I think the simplest way to explain it is to say Bitcoin is a strong form of money like Gold was throughout history - the same things that made Gold valuable make Bitcoin valuable - but it's entirely digital and far more efficient than the digital money we use in banks today, and it isn't controlled by governments or anyone, so it is immune to manipulation, and anyone in the world is free to use it which is also not true of the money we are used to using today.

That covers most of the really important money stuff while leaving the more technical stuff aside that would take more research and understanding.


Another way of explaining it would be to ask some questions:
- Do you not want to rely on corrupt banks?
- Do you not want to rely on incompetent governments/politicians manipulating our monetary system?
- Do you not want to watch the value of your money inflate away, but instead want the money you save to actually grow significantly in value over the long term?
- Do you want a more efficient system of money where it doesn't take a week for your money to hit your bank?
- Do you not want your bank and government to have complete control over your actual bank account?
- Do you want all the best things about Gold and all the best things about digital money but better than both of those combined and without the downsides of each?
If you answered yes to these then Bitcoin is the answer.

Actually the site is quite relevant just like this article posted.
https://financialmove.com.br/como-funciona-o-bitcoin/

The site isnt english language on default but you could really make out some translation.
This is somewhat relevant for somewhat to read on at least.

There are various forms on which we could attain real information and its true that letting others know or explains to them is somewhat
a challenge.

Please don't use my thread as a place to advertise, please take your website and its advertisements somewhere else.

the thing is, it isn't only bitcoin! people does not know about money, self education finances or whatever. However I believe to teach the best way is to educate people with good quality content, specially on your blog or social media. I do believe in long term education and that's why for the last 5 years I've been helping people from my website https://financialmove.com.br

In the past this was a big thing. Nowadays things have changed a lot. During those days people were in a dilemma whether to go invest on cryptocurrencies or just ignore considering the regulation. With slow and gradual growth we've got more support from governments and more applications for the same is being developed. This makes the cryptocurrency easy understandable and usable without anyone's briefing.

I experienced such problems exactly until bitcoin became worth more than $10,000. Then it got easier. I just gave such an example for people who did not understand me before. He told them this: imagine that you have some kind of rare coin, over time, collecting and circulation of such coins grows as well as their value. And so you waited 10 years, the coin that you inherited from your grandfather costs 100 times more. Etc.

Well, that depends on the type of person you come across, there are some who understand quickly, because they have some knowledge of what the economy is, but people who in their lives have had no idea how to manage their money and who are pending of other things there yes, otherwise the media will take care of that as they are doing now, a person who is aware of the news, who reads, who sees new information and who is not satisfied only with what the media are offering, people will learn to be more investigative when it comes to money.

It took me a while to get the idea of Bitcoin and Blockchain as well. At first, I didn’t have it on the radar, then it became a major thing and I tried to listen to people talking about it but got really confused, and then frustrated. Didn’t touch the subject for a while. Then a good friend gave me quite a good explanation of it all, I wish I could rephrase it but don’t remember it exactly. But something clicked, that’s for sure and analogies were definitely a big part of it. Also, I realized at the time that I had some major knowledge gaps in terms of how our money system/local currency actually works. Filling in those gaps also helped with understanding crypto currencies.

People usually only like to hear and see things that they are used to and that they actually like. Its very hard to break that powerful psychological barrier. But in the end, they will have to come to the conclusion that Bitcoin is a very good thing that will help them in life. So sooner or later, they will be interested in learning about it. Up until that point, the most we can do is basically just the "marketing" portion on our part.

Lets hope the world adopts Bitcoin faster.

If this person ask sincerely with interest to do something, it then means he or she is ready to read more and research on what to do, even though he or she is being guided with links and sites to get some useful information from the person who is showing him the way through that will be of help to him. Some will just behave as if they are interested and after talking much, they'll end up post postponing and it dies off with them doing nothing.
I came to see that anyone who is very interested will put in more effort and research, how to invest and where to invest, and will want to give it a try with some little start to know how it works.
I normally refer them here in this forum, where they can get first class information about Bitcoin and crypto currencies.

This is actually the reason I refrain from talking about Bitcoin and cryptocurrencies in general. Not only that, but also, I prefer not to explain in detail how I've made money from it, how much I've made and having to answer similar questions. I'm not keen on talking about my finances. Most people won't understand, and the conversation eventually turns to the point they are putting pressure on you, to teach them how to make money with Bitcoin, being unable to understand that it's not that simple.

Well, but you had success with one person, and that's very good, in my case I've talked to several friends, and they've bought but all the time they tell me that their investment has dropped considerably, what's more difficult to explain is the fact to do Hodl, because for someone who does not have any high financial education it is difficult for him to understand that an investment must be extracted at the moment of obtaining benefits and not before, I have also seen that many are guided by the news and by what they see on TV and what they usually watch is CNN, and other news networks that do live FUD.

I have encountered a similar phenomenon many times, but it was not always so that they did not understand me. The point here is this - when a person does not understand anything at all in IT and computer hardware, networks and software - it is certainly difficult for him to explain the topic of blockchain as if I was jumping over previous blocks of information. But when a person is familiar with the world of computer technology, at least to some extent, it is already much easier to communicate and explain with him. However, most of the population, unfortunately, is conservative and looks at all this as some kind of "muddy" pyramid.

People get confused by bitcoin dont tell them that there are other thousands of coins with different purpose they will shirt circuit. I don't think you should even focus on explaining to them ask them a little bit and then tell them to watch YouTube videos. If they are really interested in they will learn themselves. It is not something you can explain in just one or two sitting. The only frustrated person who will come out of this everytime will be you.

Sometimes, we have limitations on what we are going to do. Like this, trying to explain to many more massive people about Bitcoin and also cryptcurrency. There will be pros and cons and if we focus on them, we may feel dizzy. Moreover, most people now only focus on the media that they can listen to, read, and also watch without digging more deeply to know the truth. Most of them only believe in the media that release the news. And we actually know how the media is reporting about the cryptocurrency world right now.
What we can do is by explaining to people around us, people who are asking to us and also willing to know xactly about crypto.

I personally used to explain it to people who are in need. This means I explain it, so that they can make some money investing little amount of cryptocurrencies from their monthly earnings. But, there is no one who got convinced at the beginning. One person he himself requested and asked help. I explained and he picked a coin of his own for investment. From that he experienced the profit and started to explore and now he himself learning and investing.

In this case you see the Dunning Kruger effect at play, whereby those with less knowledge overestimate their knowledge of a domain and thus attempt to refute you despite knowing nothing about the protocol. So I would not bother explaining bitcoin to such people, as they are highly unlikely to buy it anyway once explained to them.

At best you can plant seeds by giving broad statements about cryptocurrency, and from there it's up to them to do the research.

This is exactly the problem I'm having over here in my local tiwn; it's always very had to convince people to buy coins most especially if they haven't even heard of the ideology of crypto and how it works .
It really sounds funny when most of my homies ask silly questions about crypto and it freeks me out. They'd be like "how the f$ck does this crypto work? You've been on your phone all day just for this sake, can you teach us to be like you?"
Beginning an explanation to this peeps will take my whole time and they'd start arguing unnecessarily, I'll only count this as a detriment for being explanatory

People would normally get interested if they do saw something on you like having some new possessions or do see that you do have some money because of crypto and this is where interest do been poke up and also the time that they would be approaching you and asking out things.

When you do tend to explain something then stick with the basics and let them do the rest speaking with more research since everything could really be searched up on net.

Although explaining with the basics wouldnt really be needing that technical knowledge even highschooler would able to understand it.

Well, it is when they ask you and you start explaining but as usual, people still don't get you and sometimes throw their false opinion towards bitcoin which is very annoying. But honestly speaking, as everyone says, you need to get used to it. It is very rare to have someone who is a good listener. For me, --don't explain too much, just make it brief and make them curious to know bitcoin better on their own, because if that someone is interested, it tends to be more curious rather than believing their false conclusion.