I ‘Orange Pilled’ a Dozen Nocoiners in a Week: Here Are the Q | Crypto Miami
I ‘Orange Pilled’ a Dozen Nocoiners in a Week: Here Are the Questions They Had About Bitcoin.
If you have been a Bitcoiner for a while, it’s easy to forget how confusing Bitcoin (BTC) can be when you first set up a wallet and take the plunge into the rabbit hole.
To gain a better understanding of the challenges “newcoiners” face and to play a small role in spreading bitcoin to the people, I “orange pilled” a dozen “nocoiners” in a week, setting them up with a wallet and sending them their first sats.
Everyone who I helped set up a bitcoin wallet asked me how they can buy more bitcoin in the future.
Since not all wallets come with in-app purchase options and many of those that do often don’t work with all bank cards, buying bitcoin (in most places) often isn’t that easy.
My response was to test the in-app purchase feature with a bank card that’s not from their primary bank account (because we know what some banks can be like). Alternatively, I recommended peer-to-peer marketplaces, despite the fact that they can be quite challenging to navigate for first-time uses. Also, this guide might help those looking to buy their first BTC too.
In my opinion, explaining blockchain is far more challenging than explaining Bitcoin to newcomers.
While newcoiners should absolutely understand the basic principles of how a blockchain works and the role it plays in crypto networks, I find the discussion around blockchain tends to confuse newcoiners more than it helps them to get comfortable with buying and holding bitcoin.
I shook my head when I heard that. But I get it.
Newcoiners are often excited at the prospect of gambling on a new coin that could potentially 10X+ within a matter of weeks. I don’t blame them. If they have the capital and can afford to lose it, why not put it all on red and let the wheel spin?
But that’s not what I recommend to newcoiners. I tell them to buy bitcoin regularly every month to accumulate savings in bitcoin over time.
