Topic: Why I like to learn and use bitcoin - page 3. (Read 2405 times)

If it's based on need then I like BTC because it has a value that many people (not all) agree on. Like the official Fiat currency that is recognized as a means of payment, unfortunately Bitcoin has not been officially recognized. So there is an element of need to increase the amount of BTC I have. So I will continue to learn how I understand the market for this purpose.

Bitcoin is easy to learn and understand, there's no rocket science behind it. Even a 10-year-old child can make wise speculation.
Digital currencies should be instructed in each school and college so students can find out more and procure it.
On the off chance that government endorse it, at that point it influences greatly in each economy particularly for students they can endure their own costs without irritating their folks

You have a valid point. The option of bitcoin in transactions must be included first in order to encourage people to use it. If bitcoin as a mode of payment is not even available, then I don't really see the sense as well on why they would be enticed to learn and use bitcoin in their lives. It would totally be nonsense to most of the people if you will introduce them something they cannot utilize. Certainly, they will just ignore you because they will think it's totally worthless and a waste of time.

On the other hand, since bitcoin adoption is now slowly happening, we can educate them little by little thru giving simple analogies, logic, comparison, and relation of bitcoin to other existing means of transaction. If bitcoin isn't available yet to their country as a mode of payment, we can educate other people the other sides and opportunities bitcoin has to offer.

Actually, I think this is the best time to spread the gospel.

Community quarantine is still happening in different parts of the world.
They cannot make their transactions outside and they will rely on the internet.
It would be best to first target the services.
Once they have the option to pay in bitcoin then maybe, even just for a little chance the people will use that option.

But think about it, if there is no option to pay thru bitcoin then what use can it be?
You say just an investment. But it was not made for that.
If they lose money they will just withdraw it which makes it look like a bank. Why not just pick bank instead? It will be easier.

You have to give them a better reason for bitcoin to be kept.

I think everyone on this forum must hope that bitcoin will never disappear, because we are used to bitcoin and we also support our families by investing in bitcoin, if we look at bitcoin's journey, bitcoin holders are increasing day by day, it can be say bitcoin has a chance to last long..

Knowledge is the key to our success.  Bitcoin is the asset of the future because in the future technology will be more advanced, crypto will be more advanced.  There are already many crypto platforms used by big companies.  In the future crypto will be even more advanced.

It is a once in a lifetime opportunity that you should never miss and you would regret it so much once you chose to ignore it. In my case, I chose to learn about it too late. The price of bitcoin grew a lot when I decided to dedicate my time on it. I saw it as the future although we cannot be certain about it yet hence we can be sure that it will have a place in the future. You will receive lots of benefits once you choose to focus on it. So if you had or you will get to know about it, do not let it slip in your hands anymore and invest what you can lose on it.

I'm not that much fan of continuous learning especially to secure funds and to make sure that I am transacting efficiently, but literally, we people mostly are contented from what we have especially the way how we transact using traditional methods such as transacting with fiats, and bank transfers. I have met allot of people and some of them are already old (60 above), and for them, there's no room for improvements in terms of transactions as even bank transfer is hard for them to execute that they need someone to support them while doing so.

Question arises if they are in situation like this, how can we teach them with new methods of transaction such as bitcoin or to somehow take them out of their comfort zone when in fact, their aren't really comfortable with it in a sense that they need assistance of younger generations. Perhaps, there's nothing wrong to still try and make them accept in bitcoin if we know how we can properly explain it to them. Or to use the concept of "Abstraction" which I learned from Object Oriented Programming.

The easiest way is to make sure you're not going right away into technical terms such as Encryptions, Hash Rates, Blockchain, etc. And to take it slowly by using smart analogy to correlate it while explaining because believe me, old people behaves unpredictably. Make it easy and start your conversation by offering a good meal, share some stories as you transition to tell him a new version of Gold (As I believe it can be a good example of physical bitcoin) which is virtual and anonymously created by someone up until now is not known.

Story goes explaining that they need an internet access in order to buy this virtual currency that they can use for e-commerce, or transacting with other people and it is like sending messages but instead of strings of characters, they can only send numbers in which are called Bitcoins. Another is that bitcoin is like Fungus. what is there is a decentralized networks that shares the same information, the same with fungus having a characteristics of Fungi are also undying as after the five mass extinction, they still remain on earth. That's how powerful bitcoin network is.

I'm sure there comes a portion of the conversation when they will ask how to secure their money will be or how to access it. This is when we will try to simplify things out by explaining public keys and private keys in a way that they usually know how it works such as comparing it with username and password on their facebook, twitter or Instagram accounts. Moreover, try to use analogy as your conversation goes deeper and deeper in a sense that they will understand each terms without you giving them bunch of knowledge in which they don't understand.

Of course everyone will not be interested if we are just sharing things like these without giving them something more valuable than what they normally use. Here we might want to state some features of bitcoin such as semi-anonymous transactions, peer to peer, low transaction fees for international payments, accessibility, and one of my favorite, an investment.

A dream of inviting our old citizens to bitcoin will not be possible if we ourselves lacks the fundamental knowledge about it, the best way to properly explain things is to first learn and use it. There's we can formulate various analogy to correlate terms and to lead them in the right path as they engage themselves with bitcoin. I believe that there's no boundary of ages for people to use it, that is why I like to learn and use bitcoin.