Show THIS to Your Bitcoin-Sceptic Friends & Relatives
A lot of people have been asking me what resource they should use to help introduce Bitcoin and other cryptocurrencies to their friends & family.
Typically, my response has been to suggest they go watch Aantonop on YouTube. But this can be overwhelming with the more videos that Andreas uploads on his channel. I think recommending certain books might be a little overwhelming for people too.
That's why I'm thrilled to have found a resource that I'd be happy to share with anyone who wants to learn about Bitcoin. It's an article written by Vijay Boyapati called "The Bullish Case for Bitcoin".
In this video, I give a quick summary of what the article is all about.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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@louisthomas Good afternoon Stemians
Good to educated our friends and families. If you are trying to do good, why no explain and introduce them?
Thanks you for this post.
I've seen Boyapati's stuff regarding bitcoin and it's pretty good introductory stuff but I also like to remember people about 2008 when introducing then to bitcoin and how all that mess could have been prevented with more transparency.
That's also a great way to teach people about the importance of Bitcoin! Thanks for sharing :)
Thank you Louis, it was fair and necessary to be able to explain how cryptocurrencies work to several family members and friends, because they believe that all cryptocurrencies are like petro (Managed by a state).
I hope this manages to change their minds!
I like the ratings of bitcoin, gold and fiat. Obviously fiat’s time is about to end. It’s a cycle and every cycle has it’s end. At some point people reject fiat currency. You have done your digging very well.
its kinda funny that gold is one of the oldest currencies and is still around
while fiat is rather young
but there you can see that fiat money is flawed as a concept
the main issue is though, that fiat money usually comes as an easy to copy medium
and even back then they had that issue, so they had some special seal on there or whatever
nobody back then had the idea that the one that gave out the money could just keep printing it until it lost all its worth
This is really a life saver cause each time u tell my friends to invest in bitcoin and they say they don’t even know what that it is. It gets me confused and don’t even know where to start . This is gonna be helpful, your blogs are always helpful. Thanks for being there now and always
Great to hear :)
You’re welcome my friend
Explaining the benefits of blockhain and that not all cryptocurrencies are scam is sometimes complicated because the media has mainly broadcast negative news.
This resource that you are showing us seems very interesting, but it could be supplemented by doing that the person can manage a small amount of cryptocurrencies in an exchange. Even though reading can convince them a bit, skeptics have to handle cryptocurrencies to be totally convinced
Those are good videos, but I always prefer to talk about how most fiat currencies are really no different than many cryptocurrencies.
USD is not backed up by anything...other than the Us government...but what does that even mean? It is not backed by gold...that went away long ago.
Crypto is worth what people will pay for it. It is a store of value, like many other things. I try not to go to into depth, but it can get quite complex when you dive into the details. Very interesting stuff, at least to me.
Thank you really send bitcoin to others as a simple gift just wallet address
But the exchange of bitcoin in dollars or any other currency has many risks and should only be dealt with people who are known to trust
Wow! this video worthy of resteem is informative, Aantonop on YouTube I will also look Into it this is a vital information in doing this more research need to be conducted.
Okay this could be the thing for my friends. Thankfully my family is on board but my friends are not convinced and I could use all the help I could get ............ so thanks!