How do you explain cryptocurrency to your friends?

[slapper]

You don’t explain crypto. You explain the problem crypto tried to solve, and whether it did or not is still contested

Start here: The current financial system is slow, expensive, and exclusionary. Not everyone has a bank, not everyone trusts governments, and transaction control is weaponized. Crypto was engineered to bypass all of that. Not to destroy the system. Just to expose its fragility

So when friends ask, I keep it raw:

• It’s code as money
  
  
• It’s value as consensus
  
  
• It’s ownership without permission
  
  

It makes money because people believe in scarcity. Because tokens can represent real or perceived utility. Because early adoption is always rewarded by late curiosity

But most people don’t care about cryptography or decentralization. They care about income. So show them staking yields, P2E models, or stablecoin lending. Keep it concrete. Don’t preach. Don’t defend. Just lay it out

Because crypto isn’t a religion. It’s a question: Do you still trust the old system? If yes, skip it. If not, start learning

[Alone055]

But most people don’t care about cryptography or decentralization. They care about income. So show them staking yields, P2E models, or stablecoin lending. Keep it concrete. Don’t preach. Don’t defend. Just lay it out

Why not make it simple for those who only care about income by showing them the historical chart of Bitcoin and its growth over time? Tell them about people who bought Bitcoin in the past and managed to gain enormous value for their purchases in recent times by holding onto their assets. This is the easiest and by far the most convincing thing for a newbie because they wouldn't understand P2E models or stable coin lending if they are just getting started.

Personally, I don't believe in trying to convince people to do something when I know there is no benefit in that for me, and for their benefit, it's enough from me to just tell them about it and if they don't want to get in and expect me to convince them, they are expecting that from the wrong person. If I told you it's a beneficial thing, the rest is your responsibility; do your research, gain knowledge, and then get started. If you don't want to, no problem.

[debra]

Everyone already knows how to use google today, they are just not understanding the techie terms.

Not everyone but most people may already know it. If you are in the villages and you meet with old people, many of them never know about googling. They are even unaware about internet.

I also have tried answering in a very simplest term but I used the digital cash wallet that we use in our country to explain it. In the end they are just too polite in not saying they don't understand it being a currency. It needs a demonstration for them to understand. It would take more hours to completely make them understand even to exchange the coins to cash may take a lot of explaining.

It surely will be difficult to explain it to the people who have no basic knowledge about digital currency, digital investment, or online business. No doubt that they don't understand that a digital currency can be something trustable. In this condition, we only can do our best to explain the basic matters. And let them to learn it themselves for few hours or even days. Then, we can explain again the further information to them. We can't expect them to understand it as quick as possible.

[tabas]

So, what if your friend asks you "what is cryptocurrency? and how does it work to make money?"

It's the same as money that it has got a value but they have to exchange it first into a better crypto if they're holding altcoins that are unknown. And not just money, it also plays as a stock and they are aware of stock market so it's easier for them to understand crypto are the same as stocks that it's volatile but at the same time can also be used as money for payments.

[Asiska02]

Well, when I talk about jobs, I intentionally mention cryptocurrency as one of the opportunities to earn money... but the few times I talk about it with people who don't understand cryptocurrency, it just confuses them...

I have no intention of attracting them to become a crypto community or crypto investor, I just want to explain about cryptocurrency, about our side jobs that actually make money and can be used to meet needs...

So, what if your friend asks you "what is cryptocurrency? and how does it work to make money?"

In order not to make it sound not too flashy, I will just say it is another form of money that can be used as alternative to the fiat currencies. It is also an investable asset that you can invest into for a period of time and gain good profits from but have to be done with the right knowledge.

That’s how simple I’ll explain it for them but if I want to diversify more into it, that’s when I will begin to come about trading, those parts are not more part of the basics to know about cryptocurrency but will also be tipped on a general notice.

[Azharul]

Well, when I talk about jobs, I intentionally mention cryptocurrency as one of the opportunities to earn money... but the few times I talk about it with people who don't understand cryptocurrency, it just confuses them...

I have no intention of attracting them to become a crypto community or crypto investor, I just want to explain about cryptocurrency, about our side jobs that actually make money and can be used to meet needs...

So, what if your friend asks you "what is cryptocurrency? and how does it work to make money?"

In order not to make it sound not too flashy, I will just say it is another form of money that can be used as alternative to the fiat currencies. It is also an investable asset that you can invest into for a period of time and gain good profits from but have to be done with the right knowledge.

That’s how simple I’ll explain it for them but if I want to diversify more into it, that’s when I will begin to come about trading, those parts are not more part of the basics to know about cryptocurrency but will also be tipped on a general notice.

Actually, i believe that your opinion is also very prefer in this time. I think that cryptocurrency is one of the best profitable source in cryptocurrency world. So i think that if we want to explain our friends for benefits of crypto currency, i think that they maybe accept this opportunity.

I am also explain my friends, when we should invest in cryptocurrency market, or what is the best time for invest. I also explain my friends for benefits of crypto currency trade. I think that if i trying to understand of my friends in this system, i think that they maybe include in cryptocurrency world.

[rby]

It surely will be difficult to explain it to the people who have no basic knowledge about digital currency, digital investment, or online business. No doubt that they don't understand that a digital currency can be something trustable. In this condition, we only can do our best to explain the basic matters. And let them to learn it themselves for few hours or even days. Then, we can explain again the further information to them. We can't expect them to understand it as quick as possible.

I have come across a good number of people who claim to have an interest in crypto, yet know nothing or very little about cryptocurrencies. I already know that the only thing they know about crypto is that it is one of the newest ways to make money quickly, and I am usually very careful not to give this set of people 100% assurance that it is what they think it is. At least I will be detaching myself from blame if they eventually lose.

The normal thing is to give them basic information about what cryptocurrency really is. Definitely, I must not fail to add that most cryptocurrencies are highly volatile, so they should prepare for even the worst. Only the brave would want to invest at this point, and it's totally fine.

[Wiwo]

For a fact there is no educated and internet age persons that will say he haven't hard about bitcoin or cryptocurrency at least their will have read about it and for sure made some attempts to own it at one point or the other.

Cryptocurrency is a simple subject and the material to introduce someone into it is readily available at whatever point in time, so you may not need to actually interact with the person at any point in time.

[albon]

Cryptocurrency is a simple subject and the material to introduce someone into it is readily available at whatever point in time, so you may not need to actually interact with the person at any point in time.

After analyzing crypto i discuss the advantages and disadvantages here so that the steps they want to take will be the easiest. I also accept crypto as a second source of income and I want to inform everyone about it well. Since the type and amount of profit here is uncertain, one should not always worry about crypto. Cryptocurrency provides employment opportunities through investment and trading, where there will be a profit or loss calculation. However, I don't give too much exciting information about crypto because those who come here without understanding will lose money.

[Faisal2202]

Well, when I talk about jobs, I intentionally mention cryptocurrency as one of the opportunities to earn money... but the few times I talk about it with people who don't understand cryptocurrency, it just confuses them...

I have no intention of attracting them to become a crypto community or crypto investor, I just want to explain about cryptocurrency, about our side jobs that actually make money and can be used to meet needs...

So, what if your friend asks you "what is cryptocurrency? and how does it work to make money?"

I will simply answer what is cryptocurrency and what does it mean with practical examples, so they could understand it easily. If they show some interest without me explaining how they can make some extra money too, then I won't at start but if they did not show interest, then to motivate them I will add the money part haha.

You know people, most of the people prefer money first and knowledge second, therefore, according to their nature I will add more if needed. The point is, if they are interested and we have time, why not sharing them the knowledge we have.

[debra]

It surely will be difficult to explain it to the people who have no basic knowledge about digital currency, digital investment, or online business. No doubt that they don't understand that a digital currency can be something trustable. In this condition, we only can do our best to explain the basic matters. And let them to learn it themselves for few hours or even days. Then, we can explain again the further information to them. We can't expect them to understand it as quick as possible.

I have come across a good number of people who claim to have an interest in crypto, yet know nothing or very little about cryptocurrencies. I already know that the only thing they know about crypto is that it is one of the newest ways to make money quickly, and I am usually very careful not to give this set of people 100% assurance that it is what they think it is. At least I will be detaching myself from blame if they eventually lose.

Indeed, everything needs a process and there are those who succeed in doing it because they want to learn more and they already understand the basics if investing in crypto is high risk and there is no need to panic in all kinds of market conditions.

Well, the problem is like what you are talking about, they are too enthusiastic about investing in crypto, without having a good understanding, easily carried away by FOMO, and also easily panic. This will be a combo of failure that will very easily happen to people like that.

[Asiska02]

So, what if your friend asks you "what is cryptocurrency? and how does it work to make money?"

You can just use yourself as an example of how they can get to earn from cryptocurrency. If you’re already into it, then you can explain to them what you mean by it. I don’t think it is something hard to explain. Cryptocurrency is already taking the financial market globally, so it will very hard that you will see a literate person that haven’t heard of it before or has not tried to show interest in it before to make money. The crypto world is already making waves and as such, I don’t think you need to seek to hear from people how to explain to your friends what bitcoin is all about. You just have to understand its concept and develop yourself by avoiding the cons and focusing more on the pros to make you good money.

[alltalk]

You can just use yourself as an example of how they can get to earn from cryptocurrency. If you’re already into it, then you can explain to them what you mean by it. I don’t think it is something hard to explain. Cryptocurrency is already taking the financial market globally, so it will very hard that you will see a literate person that haven’t heard of it before or has not tried to show interest in it before to make money. The crypto world is already making waves and as such, I don’t think you need to seek to hear from people how to explain to your friends what bitcoin is all about. You just have to understand its concept and develop yourself by avoiding the cons and focusing more on the pros to make you good money.

It depends on the basic knowledge of our friends. If they already know digital investment, it may not be difficult to explain it to them. Especially if they are really interested in crypto. However, if they never know digital investment and they aren't interested in crypto, it will be quite difficult to explain it. Moreover if they don't like something like digital investment, they prefer physical investment. In this condition, they must always think that physical investment is more suitable for them. Well, we can make our selves as the example if we already achieve something quite impressive. But if we haven't achieved something quite well, I don't think it is good to make our selves as the example. They will assume that we still can't achieve anything, so why we invite other people! 

[Auwal01]

The majority of people find it difficult to comprehend how cryptocurrencies work and operate, and some even dismiss it as a rumor. However, I think that as time goes on, the generation will adjust to the new decentralized banking system, and eventually, the global cryptocurrency culture will surpass people's preconceived notions, so the sooner the better.

[Rruchi man]

So, what if your friend asks you "what is cryptocurrency? and how does it work to make money?"

Unless you are sure that your friend is really interested in learning, do not waste your strength to speak about it. Sometimes the best way to convince your friends is by your results, that is what they see.

Talking to your friends about bitcoins and investing in it when you have no results to show for it will only be a waste of time.