I think it really to concisely explain bitcoin with somebody, Maybe before that they might have heard of it like a cheating program on TV and they may be careful. Often people who research about it will be the ones who know clearly.
Topic: What is a good way to concisely explain Bitcoin? - page 2. (Read 1779 times)
First, you agree with me that:
The process of learning Bitcoin is really difficult for beginners. Right?
I also experienced that stage so I understand that feeling. Submerge in a dozen new information.
But I realize that there are not many people who write about Bitcoin in an understandable way. I will explain to you like this:
Bitcoin or BTC is the first electronic currency in the world and lays the foundation for the development of the cryptocurrency market.
Bitcoin cannot be created but you can only claim - otherwise known as Bitcoin.
Unlike paper money. Bitcoin cannot be faked.
Extremely low transaction fees.
The security of Bitcoin is high security.
Where is the real value of Bitcoin? The most plausible answer to this question is the technology behind Bitcoin - Blockchain.
The process of learning Bitcoin is really difficult for beginners. Right?
I also experienced that stage so I understand that feeling. Submerge in a dozen new information.
But I realize that there are not many people who write about Bitcoin in an understandable way. I will explain to you like this:
Bitcoin or BTC is the first electronic currency in the world and lays the foundation for the development of the cryptocurrency market.
Bitcoin cannot be created but you can only claim - otherwise known as Bitcoin.
Unlike paper money. Bitcoin cannot be faked.
Extremely low transaction fees.
The security of Bitcoin is high security.
Where is the real value of Bitcoin? The most plausible answer to this question is the technology behind Bitcoin - Blockchain.
Concisely you can say it is a digital currency that is alternate to the fiat money
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
For me bitcoin is a digital currency, you can receive and send money all over the world through internet. What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
If you are allowed to use visual tools in your explanation, try this: https://www.cryptowisser.com/cryptocurrency-explained-in-pictures/
Good luck!
All the best,
Cryptowisser
The truth is that there is no easier way to explain bitcoin. Most of the people I always explain to end up getting more confused. Or should I say that their not believing in bitcoin make them not to ever get it even it you explain it.
Simply saying bitcoin is more of an Internet money not physically touched. Can be used to to send and receive money in any parts of the world and received in seconds.
Simply saying bitcoin is more of an Internet money not physically touched. Can be used to to send and receive money in any parts of the world and received in seconds.
Bitcoin is completely decentralized and just the individual who got it, controls it and nobody else. It is the world's first digital money. It is an exceptionally beneficial venture for its clients since they can profit effectively and rapidly in exactly how long for bitcoin can restore your cash and benefit for you or basically you can state that bitcoin is a virtual or digital currency which isn't controlled by any government or nation.
Bitcoin cannot be understood for the normal people who don't use the internet so you can give them an education for the internet first before explaining bitcoin.
What is Bitcoin?
To many, Bitcoin is the face of the cryptocurrency market, and for quite a few, it remains the only cryptocurrency they know.
Bitcoin: The Basics
The first to come into the spotlight, Bitcoin is a decentralized, blockchain based cryptocurrency.
It can be transferred from person to person, without the use of a financial institution, such as a bank. This is called a peer-to-peer transaction and eliminates the need for a middle-man.
All transactions are recorded and stored in a ‘ledger’, which is the blockchain. These are not stored in a single server but are distributed across the network, thus making them decentralized, and safe from unauthorized modifications.
In January 2009, an individual or a group of individuals using the pseudonym Satoshi Nakamoto released the source code on SourceForge.
In 2010, Nakamoto handed over the Bitcoin network to Gavin Andresen, who then sought to decentralize it.
To many, Bitcoin is the face of the cryptocurrency market, and for quite a few, it remains the only cryptocurrency they know.
Bitcoin: The Basics
The first to come into the spotlight, Bitcoin is a decentralized, blockchain based cryptocurrency.
It can be transferred from person to person, without the use of a financial institution, such as a bank. This is called a peer-to-peer transaction and eliminates the need for a middle-man.
All transactions are recorded and stored in a ‘ledger’, which is the blockchain. These are not stored in a single server but are distributed across the network, thus making them decentralized, and safe from unauthorized modifications.
In January 2009, an individual or a group of individuals using the pseudonym Satoshi Nakamoto released the source code on SourceForge.
In 2010, Nakamoto handed over the Bitcoin network to Gavin Andresen, who then sought to decentralize it.
Yes, there are a lot of new investors joining the market in the last year. I have encountered the same problem as you. It's hard to explain to these new investors what bitcoin is. I suggest that it is a good way for them to get a quick understanding of the world.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
You can explain, bitcoin is a virtual currency that can be a means of payment, but other than as a means of payment, bitcoin can also be used for investment because its value is increasing. I think it's easier to accept.
Always tell them the truth about bitcoin. Dont make stories which is not acceptable in the eyes of new comers and newbies in this kind of currency field. Always spread good news so that they can decide wether they should let themselves to be involved with bitcoin or not. The best way to explain bitcoin is showing them thw output of your hardworks while using bitcoin.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
BTC is a virtual currency used for sending a monetary amount that does not involve government intervention.
Thus, it will not incur taxes and it is favorable especially for businesses.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
For me, I think the good way to explain bitcoin is to tell them that bitcoin in an online or modern investment. Whey they invest money, they will gain a profit higher that what can company give but they need to have patience in waiting.
Thanks for your query. Well bitcoin is simply kind of money actually digital currency which is completely distributed and not controlled by any government or any organization rather it is an open source kind of project.
explain bitcoin as it is. The simpler the better because not everyone can understand such complicated things. Tell them that it is a currency that runs digitally and no one controls it. When they ask questions, that means they are interested and that's when you have to answer them one by one bitcoin will also be used by all countries as proof of their transaction because bitcoin is our most valuable asset in this world
It is not easy to explain Bitcoin to a layman who really does not understand Bitcoin, there are those who can accept some who argue that it is fraudulent. for me explain just like your inquisition, if indeed the person can not accept it, then do not in force.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
btc is a bitcoin that can be traded in digital currency and can be done transactions that receive btc as a means of payment in their place What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
I think there are many ways where you can find out more about Bitcoin. Now peoples are focusing on blockchain platform beside this you can also look at the summary of the whitepaper and I think you will find how special, big, simple the bitcoin is.
Often I'm asked to explain BTC to someone and occasionally I come up with something stellar that really nails it, but most times it's a rambling incoherent mess.
What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
how about going through an article that explains in detail about bitcoin.What I would like to see is a short and simple explanation of what BTC is that is suitable for someone non-technical to understand.
it is the most effective way, but you should make the article short and clear.
Jump to: