Topic: Way to explain what is the bitcoin - page 2. (Read 452 times)
This is the most ridiculous way of explaining about Bitcoins, I have witnessed today. Literally nothing was understood except the cups and selling part. Nevertheless OP you tried and we all appreciate it. But if you want to make a person understand about Bitcoins, then you can easily do it. Tell him, Bitcoins are digital asset or belongings, that a person buys and owns. Now if he wants, he can sell these digital coins and get back the money. And everytime the price of Bitcoins keeps on fluctuating. So buy it when price is down, and sell when price is up. Simple way to understand why Bitcoins and How Bitcoins.
It’s better to explain the new people about the bitcoin in this forum.You can explain simple to made other to understand properly,because sometimes your words will be lesson to the new people into the crypto currency.The bitcoin was created to replace the bank,but due to some of the government still made it illegal.The bitcoin struggle to become a bank,but bitcoin now was used as asset to hold people money like the stocks.When the cup was empty,your life will be empty.It’s very essential one to hold their crypto currency after they brought from saving.
I can understand some and some of these words I do not understand. The point is this analogy is quite difficult to digest. And maybe something is missing from there. But I like your effort on this.
I prefer to think that money is water without limits (it can be printed without borders/oceans and rivers), whereas BTC is like the water of life which is only in the only pool in the world. the water is limited and cannot be reproduced but it can be broken down. because this water is limited, the more people who want to have it, the more valuable the value of this water. In the past, people sold a bucket of this water for 1 dollar and now people sell a bucket for around 30 thousand dollars.
Ah never mind I'm not good at analogies and stringing words. i just tried it for fun and following your OP.
I don't want to make things difficult. So it's better for me to guide people who need bitcoin explanation on one of the good topics which is also one of my favorite topics made by fillippone.
~5 Resources to teach Average Joe about Bitcoin~
I prefer to think that money is water without limits (it can be printed without borders/oceans and rivers), whereas BTC is like the water of life which is only in the only pool in the world. the water is limited and cannot be reproduced but it can be broken down. because this water is limited, the more people who want to have it, the more valuable the value of this water. In the past, people sold a bucket of this water for 1 dollar and now people sell a bucket for around 30 thousand dollars.
Ah never mind I'm not good at analogies and stringing words. i just tried it for fun and following your OP.
I don't want to make things difficult. So it's better for me to guide people who need bitcoin explanation on one of the good topics which is also one of my favorite topics made by fillippone.
~5 Resources to teach Average Joe about Bitcoin~
It's a very peculiar metaphor the op got there, and I think it's inaccurate. Bitcoin isn't a cup, it's a liquid. It can be transferred to others like a liquid, and it can become thicker and thinner (volatility). Banks are like bottle management factories that take the water, put it into the bottles, sometimes send the bottles elsewhere, approve transfers from one bottle to another. And with Bitcoin, you can have your own cup (non-custodial wallet) and choose to pour your liquid into another cup without needing to go through a factory that approves liquid transfers.
The longer a person invests in Bitcoin, the more likely he or she will make a profit. Long-term investment requires patience. If I buy bitcoins and sell bitcoins within a few days, then I will never know how much I gained by buying bitcoins. We should hold Bitcoin for a long time because of the potential. Because so far most of those who have held Bitcoin for a long time have made a big profit from their investment. As you have given the example of just filling the cup with rainwater during rain and not emptying the cup. In other words, you understand the opportunity here to buy only bitcoins and hold them for a long time. If we plan long-term with Bitcoin, we can certainly earn more from Bitcoin than we expect.
we could see bitcoin as a unique type of "cup" with an expandable capacity, due to its unique deflationary aspect and capped supply.
However, likening smaller coins to smaller cups might be a simplistic view. While smaller cryptocurrencies do have smaller market caps, their potential for growth can sometimes outperform bitcoin. So, they might be smaller "cups," but they can hold a significant amount of "rain" too.
And yes, "selling BTC early" could be seen as "emptying your cup" prematurely. Still, smart investors often have multiple "cups," diversified across different assets. This way, they can "collect rain" across various weather conditions!
However, likening smaller coins to smaller cups might be a simplistic view. While smaller cryptocurrencies do have smaller market caps, their potential for growth can sometimes outperform bitcoin. So, they might be smaller "cups," but they can hold a significant amount of "rain" too.
And yes, "selling BTC early" could be seen as "emptying your cup" prematurely. Still, smart investors often have multiple "cups," diversified across different assets. This way, they can "collect rain" across various weather conditions!
Btc is cup money is liquid the water and Banks are from the word like a River bank.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money.
If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money.
If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
For a moment think that the other person do not know anything about Bitcoin and giving such examples will further confuse him.
To start with, you should tell that Bitcoin is digital money and try to compare it with paper money. This way the person may understand quickly and may not remain in the puzzle. After giving some introduction of Bitcoin, you can give him some basic Bitcoin videos or article links and if he/she will be keen to know more about it, they will definitely study about it.
I think it's not good to explain people like this. We know that people have different level of learning capabilities and that's we should think for before we speak. We all know that even how much we tried to convince people with our best, we can't assure that they will get into Bitcoin but the art of teaching is really helpful for those who are interested to Bitcoin. We shouldn't waste those people who are interested to Bitcoin and we should grab it if there's an opportunity. Not only them will benefit Bitcoin but we as well.
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I think OP is trying to analyze or bring up a really interesting analogy, but unfortunately, his inability or in-access to proper English and use of punctuations as it is supposed to failed him, and caused his analogy to make absolutely no sense, at least, to me.
Bitcoin is money as we all know, a decentralized money, a money like no other, how it relates to being a cup, or even a bigger cup, while altcoins are the smaller cup, I don't know, and how raining means bitcoin I also don't know, but what do know is that, Bitcoin is Bitcoin, and it is a decentralized money, money you can spend or hold at will, no banks or entities tell you or dictate to you how to spend your bitcoin, it is always up to you, that is what i call financial freedom, even though some refer financial freedom to being rich or wealthy.
Bitcoin is money as we all know, a decentralized money, a money like no other, how it relates to being a cup, or even a bigger cup, while altcoins are the smaller cup, I don't know, and how raining means bitcoin I also don't know, but what do know is that, Bitcoin is Bitcoin, and it is a decentralized money, money you can spend or hold at will, no banks or entities tell you or dictate to you how to spend your bitcoin, it is always up to you, that is what i call financial freedom, even though some refer financial freedom to being rich or wealthy.
I appreciate your efforts but I don't even understand what you are talking about. You don't have to complicate things, if you want to recommend bitcoin to everyone you just get straight to the point. If you want people to understand its decentralized nature, compare it to fiat money, if you want to talk about its upside potential, compare it to gold and other investments.
For people to really understand everything about bitcoin, we can't explain it all in words. Instead, give them videos to give them a better overview and we'll explain the rest of the questions if they don't understand in the process of learning bitcoin. Don't make it difficult for yourself, keep things simple.
For people to really understand everything about bitcoin, we can't explain it all in words. Instead, give them videos to give them a better overview and we'll explain the rest of the questions if they don't understand in the process of learning bitcoin. Don't make it difficult for yourself, keep things simple.
actually I don't understand what you mean, but basically you explained that btc is a tool for making money, but in my opinion it's not easy to explain what btc is in detail, but I think you can read and study what mk4 posted to learn about btc .
but what I know is that btc is a digital currency created by Satoshi Nakamoto, and many also make btc an investment asset.
but what I know is that btc is a digital currency created by Satoshi Nakamoto, and many also make btc an investment asset.
If explaining this to a new person is confusing and not easy to understand, it is better to explain it in a normal way, read an article online,or watch videos, even the one that explains Bitcoin in animation or cartoon form, as it really explains it well and anyone can understand it. Also, most people now prefer to watch videos online to learn things, so it's better to give good links to the person rather than have that kind of analogy.
This is the strangest attempt to explain Bitcoin that I have heard in my life. Believe me, you are making things more complicated with this explanation instead of simplifying them. I appreciate your effort but it will not be easy to understand even for those who know about bitcoin.
Perhaps you care about the metaphorical language so you are trying to analogy (money is water and btc is the cup that contains all assets) as you mentioned, but why all this detour and complicated example to explain bitcoin? I think bitcoin can be explained to people in a much simpler way.
Perhaps you care about the metaphorical language so you are trying to analogy (money is water and btc is the cup that contains all assets) as you mentioned, but why all this detour and complicated example to explain bitcoin? I think bitcoin can be explained to people in a much simpler way.
This is the strangest link I have heard in a while and the strangest link between bitcoin, river and water. It is true that bitcoin can be like a cup that collects water (money) for you, but it is not the only one and it is wrong to consider it better than gold and other assets.
Altcoins can be considered as a cup with holes, as its value decreases with time, and keeping it for a long time leads to thirst, so I can find some logic in your analogy.What people care about now is turning this water into money
Altcoins can be considered as a cup with holes, as its value decreases with time, and keeping it for a long time leads to thirst, so I can find some logic in your analogy.What people care about now is turning this water into money
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Someone would say to me on this forum that this is the strangest scenario he has ever heard. OP, I am really trying to understand the whole write-up, but it's a bit confusing. Bitcoin is a digital asset that other digital assets also try to compete with, but Bitcoin has always been outstanding in the crypto space, and the case with Bitcoin is that if you invest and hold it for a long time, you will make a profit. Those who sell out of panic make little or no profit. Although some people compare Bitcoin to gold because of its limited supply and high price.
-snip-
From an economics perspective - I think you've made your point well clear even though some users said it was complicated. But why are you only focusing on value instead of other advantages like real use cases or something else?Yesterday I dug up some great resources for teaching beginners about bitcoin and what a good way to teach it. I found one of the useful thread fillippone has - it's great for teaching beginners about bitcoin.
5 Resources to teach Average Joe about Bitcoin
@OP's explanation is confusing and even makes it more complicated. I think it is better to keep on the simple explanation that is what is written on the Bitcoin whitepaper. Using other terms and tools to explain can only complicate things and may stray away from the true meaning and purpose of Bitcoin.
Yeah, that is what I am saying, the cup and water simply means that Bitcoin is the holder of money which is really very confusing since Bitcoin as a currency can be considered as money itself.
OP, while the analogy of comparing money and cryptocurrencies to water and cups may be creative, this is not be the most appropriate or simple way to explain Bitcoin and cryptocurrencies to beginners. I think that analogies can be useful in simplifying complex concepts, but they must be clear and easily understood by the target audience. It seems to me that this one is not.
Using water and cups to explain the concept of Bitcoin could lead to unnecessary confusion. For example, why use water as an analogy for money when everyone already understands that concept? In my opinion, a better approach would be to provide a clear and concise explanation of key aspects of cryptocurrencies, such as their decentralized nature, security, and how transactions are recorded on the blockchain. Using real-world examples and simple language can help beginners better understand the underlying concepts behind cryptocurrencies.
Using water and cups to explain the concept of Bitcoin could lead to unnecessary confusion. For example, why use water as an analogy for money when everyone already understands that concept? In my opinion, a better approach would be to provide a clear and concise explanation of key aspects of cryptocurrencies, such as their decentralized nature, security, and how transactions are recorded on the blockchain. Using real-world examples and simple language can help beginners better understand the underlying concepts behind cryptocurrencies.
Yeah, that is what I am saying, the cup and water simply means that Bitcoin is the holder of money which is really very confusing since Bitcoin as a currency can be considered as money itself.
OP, while the analogy of comparing money and cryptocurrencies to water and cups may be creative, this is not be the most appropriate or simple way to explain Bitcoin and cryptocurrencies to beginners. I think that analogies can be useful in simplifying complex concepts, but they must be clear and easily understood by the target audience. It seems to me that this one is not.
Using water and cups to explain the concept of Bitcoin could lead to unnecessary confusion. For example, why use water as an analogy for money when everyone already understands that concept? In my opinion, a better approach would be to provide a clear and concise explanation of key aspects of cryptocurrencies, such as their decentralized nature, security, and how transactions are recorded on the blockchain. Using real-world examples and simple language can help beginners better understand the underlying concepts behind cryptocurrencies.
Using water and cups to explain the concept of Bitcoin could lead to unnecessary confusion. For example, why use water as an analogy for money when everyone already understands that concept? In my opinion, a better approach would be to provide a clear and concise explanation of key aspects of cryptocurrencies, such as their decentralized nature, security, and how transactions are recorded on the blockchain. Using real-world examples and simple language can help beginners better understand the underlying concepts behind cryptocurrencies.
Btc is cup money is liquid the water and Banks are from the word like a River bank.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.
This your English is hard to understand and the nutshell is all about having the understanding that bitcoin is the solution and what the people needs for asset and currency, no any other for of fiat currency or assets of investment can be compared to what bitcoin have come to offer the world.
Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.
Bitcoin is like a rain which the down pour will never be enough for a cup to contain, we are the cups and bitcoin the rain, the rain also drops and converges at the river, no amount of water a cup can fetch to get the whole river drained, bitcoin is the river and a stream that always gives the financial support we ever wanted to have.
Hmm, Cant understand the concept and the words seem to be from a different English linguistic, at least my poor English skills cant understand. As you've said the assets are the cups and Banks and currency money is the river buddy how can you store the river water in the cup, Hmm the explanation approach is not valid at all.
Also, I don't know why are you comparing the altcoins to the assets class and with Bitcoin. Empty cup vs Full cup haha weird, I have some Bitcoin amount so my cup is full of the river, and if I don't have then my cup is empty haha is it sounding weird yeah, exactly same it was for me when I was reading the OP.
Haha buddy Thanks its Quite reasonable to share now because from the OP's post it was looking like I am trying to understand some sort of deep poetry, by Mirza
Also, I don't know why are you comparing the altcoins to the assets class and with Bitcoin. Empty cup vs Full cup haha weird, I have some Bitcoin amount so my cup is full of the river, and if I don't have then my cup is empty haha is it sounding weird yeah, exactly same it was for me when I was reading the OP.
I'm attempting to edit your post to make it more understandable and appealing to readers. This is what I can come up with in your post.
OP I completely concur with what you wrote about using bitcoin as a cup to demonstrate how the crypto market operates.
Quote
In the financial and investment world, money is act like liquid water while bitcoin is taken as the cup. Banks are gotten from the river because it has many liquid water in it.
Money is to be regarded as water while bitcoin is the cup of all assets which can be gold or other crypto projects, where the water(money) flows within it.
During the rainy season, those who have cup collects most of the water. If peradventure you sell your bitcoin, you have empty your cup.
Bitcoin is the big cup, altcoins have a small cup, and they get full faster.
Those who got a cup when it's rainy collect most water. The more cup, the more water to be collected with the cup.
Now, I think it's pretty understandable now that when you did not put a comma and full stops in your words. Money is to be regarded as water while bitcoin is the cup of all assets which can be gold or other crypto projects, where the water(money) flows within it.
During the rainy season, those who have cup collects most of the water. If peradventure you sell your bitcoin, you have empty your cup.
Bitcoin is the big cup, altcoins have a small cup, and they get full faster.
Those who got a cup when it's rainy collect most water. The more cup, the more water to be collected with the cup.
OP I completely concur with what you wrote about using bitcoin as a cup to demonstrate how the crypto market operates.
Haha buddy Thanks its Quite reasonable to share now because from the OP's post it was looking like I am trying to understand some sort of deep poetry, by Mirza
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