Quote from: Minnasan on March 03, 2018, 08:02:10 AM

many people around me ask about whether btc trading is the same as gambling because guessing price in the future? What do you think..?? because I can only answer them casually and say that it is not a gamble because the one in the trading when not guess the price but analyze the price from when you buy btc and when you will sell your btc. how about the answers I gave them do you think that is enough, or should there be things I have to explain again to them ...?

I usually compare bitcoin trading to stock trading. There really isn't that much of a difference, with the exclusion of regulations in crypto trading. As long as any two items being traded retain value, how can it be gambling? I would answer their question by asking them the following question: "Do you consider stock trading as gambling? If so, then Bitcoin trading is no different."

Quote from: Ciscopro2000 on March 03, 2018, 08:13:34 AM

Q: Isn't it too late to get into Bitcoin?

No, it is never too late to get into Bitcoin. Bitcoin and Cryptocurrency has only been around since 2009 and has huge potential to create wealth for the people. The stock market has been around for over 100 years and people would never say its too late to invest in the stock market.

Great comparison! I say the same thing, but I often add that as long as you can get into Bitcoin before Wall Street (fully) does, you're still not too late. Good answer, have a merit.

Quote from: Oulay on March 03, 2018, 10:31:09 AM

Now that it comes to my mind, was your intention of this thread to encourage us to introduce bitcoin to people we know and make us think of the best ways to answer these frequently asked questions?
I'm kinda new to bitcoin my self and I've already been asked some of these questions a couple of times when I introduced Bitcoin to my family and close friends. I haven't really given them much thought and your post made me think about them.

I have edited my post. It's ok if you're looking for better answers. I not being a native English speaker find it hard sometimes to find the right words to explain stuff.

Quote from: BTCforJoe on March 03, 2018, 06:59:05 AM

I'm adding your answer as the first part of the answer to the question, but I'd expect some more from others, as well.

It may be better if you state this in your first or second post so that other members won't just skip the answered questions but instead read their answers. This way new members may actually learn a thing or two.

The purpose of this thread was to make it easier for bitcoin enthusiasts to arm themselves with the knowledge to help answer some of the basic questions that people ask. Rather than answering in technical terms, I'm looking for a way to make it easier for them to understand the first steps. I've updated your answer with the edited version. Thanks!

Quote from: ScotlandPros on March 03, 2018, 12:22:02 PM

Hello BTC4Joe, thank you for taking the time to feedback on where I went wrong. It was only the first Answer that I copied and pasted as I thought it would be better to give definition but I understand that it is all about putting it out in an easy to understand format so I have given it a go below. Hopefully better now ;-)

Great, thank you for re-submitting your answers. I LOVE your answer about Bitcoin being a made-up money. I will add that to the answers. Here, have a merit. I'm glad to have popped your merit cherry!

Quote from: DarLim11 on March 03, 2018, 12:29:23 PM

Why did you start learning bitcoin?
Because I think bitcoin can help me earn extra money, with trading bitcoins and accepting jobs that pays bitcoins are the ways to earn it. Exchange it to our fiat money after to get use it.

How much time do you allot in bitcoin?
I allot usually 1-3 hours per day. Most of the time is used to learn how I could earn more in it and trying to learn how markets work. Learning how market works will be advantageous when trading.

How are you earning bitcoins?
I earn it from joining bounty campaigns. When a companies startup needs advertising they create campaigns to help spread the news and educate the public about the existence of their company. You will earn from the services you offer.

Why are you posting?
A way to advertise company is adding signatures in your post. So there will be a minimum amount of post companies are requiring you every week. You must comply to it to earn. We post to advertise them.

It could also be a way to contribute to the bitcoin community.

Your answers are based on a very small select purpose of Bitcoin. The general populous won't have the time or desire to earn Bitcoin by way of bounties. While earning small amounts of Bitcoin is a great way to be introduced to it, I have never been asked these types of questions from friends or family. Thanks for taking the time to ask and answer these questions, but I'm looking for more general questions surrounding Bitcoin, not just Bitcoin earning.