How You Can Better Explain Bitcoin To Newcomers
What steps can Bitcoiners take to best explain the technology in ways that are digestible and measurable by everyone?As a seasoned Bitcoiner, are you not at times frustrated that the vast majority out there are still not “getting” Bitcoin? How many more times can you stand hearing that BTC is too expensive, and therefore, ETH or XRP are a better buy? It’s an adoption curve dilemma: we are early adopters, but statistically speaking most people simply are not. A giant gap is created between those early adopters and later adopters. We are not communicating. We are not reaching them. And it’s....
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Experts explain how to address common questions newcomers may have regarding bitcoin and the blockchain space. With Bitcoin's (BTC) recent price movements drawing fresh attention to the blockchain industry, conversations centered around cryptocurrency have once again begun to see an uptick. Google Trends data shows that searches for the term “Bitcoin” have increased to yearly highs following the asset's rally above $19,000. Given the current circumstances, discussion centered around Bitcoin, general questions about blockchain and cryptocurrencies may come up at the Thanksgiving table. Yet....
Have you ever found yourself explaining cryptocurrency to someone who knows little or nothing about it? When you know a lot about a topic, it can be difficult to describe it to those with much less base knowledge than yourself. Check out these four mistakes you might be making, and how to fix them to achieve a better understanding from those you converse with. 4 Mistakes to Avoid When Explaining Cryptocurrency to Newcomers 1. Don’t Use the Word “Cryptocurrency” — Really. You likely know that “crypto” is short for “cryptographic,” but many or most newcomers will not. And even if they did,....
If you’re new to the space and thinking about Bitcoin from an investor’s standpoint, this is the guide for you. The crypto world is mysterious, complicated, and seemingly dangerous. The first few steps are the hardest. For newcomers, the amount of information available might seem daunting. Fear not! Alex Liberman, of Morning Brew fame, did […]
Can you smell they in the air? It smells to me like generosity. Some notable members of the bitcoin community are personally giving away small sums of cryptocurrency to help newcomers better familiarize themselves with the concept. One such person is Bruce Fenton, who posted the following on his Facebook page on Friday: Want to learn about Bitcoin? No better way to learn about Bitcoin than to try it. This will take about 3 minutes. I'll send $1 worth of Bitcoin free to the next 10 or so people who. 1) Download a free wallet app (I recommend Blockchain). 2) Send me or post here the wallet....
Lately, there have been issues with unconfirmed transactions in the Bitcoin world. One experience I had dealing with this problem was on February 29th as I waited three days for a large sum transaction to confirm. This is the longest I’ve had to wait for confirmation. However, quite a bit of the time since then, most of my transactions have taken longer....