Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: How to explain bitcoin investment to someone.
by
AmaGold70
on 17/02/2025, 08:03:34 UTC
⭐ Merited by CryptopreneurBrainboss (2)
I came to understand that many people don't really know how to explain bitcoin investment to someone else, they only tell them that bitcoin is a cryptocurrency,an investment that can give them higher return when they invest in it.
To me that is not what you should be telling someone you want to convince to invest in bitcoin,you start by telling them how bitcoin came about,a breaf history of bitcoin,the person who created bitcoin,countries or nations that have adopted bitcoin as their alternative currency.
Further more tell them how bitcoin work,how secured it is,bitcoin store of value,it network and many more,tell them that bitcoin can be use as an alternative to fiat currencies or as an investment that you can buy through crypto exchanges,tell them it provides service like peer-to-peer transfers on a digital network that records and secure all transactions,the network use a blockchain  an open source program that chain transaction histories to prevent manipulation.
With all this explanation I believe that the person we be convince and we be willing to give it a try.
I honestly do not have the time and energy to explain everything to anyone down to the founder of cryptocurrency, an unserious person will still not get it no matter how much you explain to them. I think telling them about the basics is enough, I even got to know about the founder's name here in the forum by myself. I was given the basic information and I researched about it by myself. Explaining everything about Bitcoin to someone you want to invest in it is a big No to me because they may think you want to scam, I can only tell them about the basic information and if they are serious about it they will take it up from there, curiosity makes Bitcoin teaching fun and I personally don't tell anyone the name of the founder, i let the do their homework and get back to me.