Post
Topic
Board Nigeria (Naija)
Re: How to explain bitcoin investment to someone.
by
HajiBagi
on 20/02/2025, 19:20:30 UTC
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.

You are right about this but for me I don't see anything wrong from telling someone that if he or she invest in Bitcoin there is a profit, on a norms everybody invest in Bitcoin because of profit, make we know lie give ourselves if not because of profit nobody go invest in Bitcoin, I just dey talk base on my experience, I know it is very important to tell people what Bitcoin is and how it nature but the main way to convince some people is by telling them about the profit, moreover is not a lie that if you invest in Bitcoin you can get double of what you invest.


Some people will find it difficult to understand if you don't tell them about how Bitcoin can change people life, when you are introducing Bitcoin to someone you should explain everything, both negative and positive side of it so that they can decide what is good for them, introducing Bitcoin to someone to me is not the problem because I will explain everything and if the person understand it the person will choose if he or she will invest or not.