Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Zed0X on October 23, 2018, 01:09:23 PM
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When asked by friends or relatives who are new to crypto, how do you explain bitcoin in one or two sentence/s?
Something that they can have a general idea what is it all about without having their mind blown.
I usually use lines like this:
"Imagine sending money without having to pay fees to third parties..............."
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I think thay is hard question to be answer. Bitcoin has vast meaning that cant be explain in two to three words. I suggest you keep on feeding them the right information and soon enough they will understand it little by little.
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I socialize with people by explaining the benefits of using bitcoin and usually they are interested in all access facilities at low cost
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Satoshi Nakamoto.
Of course anyone who hear this name will ask who is he? Then that will be the time to explain every necessary details about bitcoin and its purpose.
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I think thay is hard question to be answer
It is. That's why I start with something that they can relate with before inserting something about bitcoin.
I socialize with people by explaining the benefits of using bitcoin and usually they are interested in all access facilities at low cost
So how do you start explaining then?
Satoshi Nakamoto.
Of course anyone who hear this name will ask who is he? Then that will be the time to explain every necessary details about bitcoin and its purpose.
Care to explain how you do it?
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what come first in my mind is " Bitcoin is the most expensive coin in the cryptocurrency world. " I know many details about bitcoin but bitcoin is familiar to most of the people for its sudden price bump up.
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In my opinion, it is difficult to explain. I give my friends links to articles, where there is a good explanation.
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what come first in my mind is " Bitcoin is the most expensive coin in the cryptocurrency world. " I know many details about bitcoin but bitcoin is familiar to most of the people for its sudden price bump up.
This could increase their curiosity about bitcoin even more.
In my opinion, it is difficult to explain. I give my friends links to articles, where there is a good explanation.
It really is. Especially to non-technical people. Perhaps you can also share your links here.
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When asked by friends or relatives who are new to crypto, how do you explain bitcoin in one or two sentence/s?
Something that they can have a general idea what is it all about without having their mind blown.
I usually use lines like this:
"Imagine sending money without having to pay fees to third parties..............."
I explain this way I say that this money is only better because it is decentralized and anonymous
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I explained to the beginners by giving examples directly to practice, if only theory is difficult to accept. Because learning cryptocurrency is not as easy as just learning theory.
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Imagine a virtual currency that does not to be supported by the governments, cause it's supported by people.
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This is a long discussion. It's hard to answer in two three sentences. But my answer will be "online money which changes its value every moment "
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I think the best way to explain is to first find out what people know about crypto/bitcoin first, in order to explain what they don't know. Since 2018, pretty much everyone has heard of crypto, but everyone's understanding is varied and different. It's not like many years ago when almost nobody had heard of it.
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I tell them that it is asset but it is not material. It has some value but you cannot touch it as it exists only in internet world. I know that it is concept that is very hard to be accepted especially with older people who have not much of computer and Internet knowledge
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One more, imagine the way to pay for things with no 3rd parties involved - no governments, no banks, and your money is truly yours
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In answering this question i used to start with the evolution of money how money came into existence. I do start from the barter system, to using cowries, then to gold, to Fiat and now we are in the era of digital currency which very soon the whole world would start using it as a medium of exchanges.
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I don't really know how to introduce bitcoin in just a couple of sentence
but I think I'll just say:
Bitcoin is the gold in digital form plus you are your own bank when you had bitcoin.
lol horrible.
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Its veru hard to explain but i will tell him the details of bitcoin on net.
Like where to do bitcoin came from .......and waht is the meaning of bitcoin . For begginer like my friend he wouldn't understand ..but when time goes by he will figure it out by him self all i gonna say to him if he wanted to work on crypto is. Bitcoin. a cryptocurrency, a form of electronic cash. And........ Bitcoin is the highest token of all token
And cyrptocurrency is is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. That all i learn about crypto ask a newbie