Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: What is the easiest way to explain bitcoin to a regular person?
by
MarjorieZimmermanGinger
on 02/03/2023, 04:19:32 UTC
⭐ Merited by fillippone (2)
If you have the right decision, buy and hold bitcoin.

How do you guys like to explain bitcoin?
The only easiest way to explain bitcoin is by not talking about it, there is no obligation for anyone to explain bitcoin to people because without explanation bitcoin has given evidence in its journey.

Right now, one million satoshi's is only 235 dollars...
That's a lot less scary than owning one whole bitcoin, and can make the investor feel good about the position they have in the bitcoin market. Hey! They own an entire hundredth of a bitcoin. Now all they have to do is repeat that same purchase over the course of however much time and they could easily reach one bitcoin. This is especially true if they have a steady, recession proof job.
It's scarier trying to talk about bitcoin to the uninitiated, people who are curious about bitcoin will inevitably create their own portion of knowledge, thus will try to learn to understand bitcoin as an investment concept. In most cases the advice will be of no use to those who do nothing, because the risks and fluctuations of bitcoin will bring them to a stage of incompetence.

Anyone can buy bitcoins in any amount, but very few people want to do it slowly to start buying, because of greed and wanting to get rich quickly from the investment being made. So it ends up in financial turmoil at a level of stability, especially in times of recession and inflation, investments have stages to apply and do not represent any amount to run, because adjustments need to be made to control risk under any circumstances.