Cheat sheet: How to explain Bitcoin to your family during the holidays?

Are you already worried about the upcoming Bitcoin discussions during your family meals? Don’t panic, we have prepared a cheat sheet for you to be unbeatable!

How to explain Bitcoin to your family?

You are a passionate pro-crypto and have revealed to your family that you have bought Bitcoin. Big mistake! Between turkey and cheese, your uncle explains that cryptocurrency is based on wind . And your grandmother is worried about what she thinks looks like a scam . Breathe, and be a teacher: it’s about explaining to them what it is!

Your uncle: „Anyway, the price of Bitcoin Bank is not based on anything“

Look, uncle, you sure can’t feel your bitcoins the way you feel your banknotes, but that doesn’t mean it’s based on wind. And then your euros, they are also rather digital: in Europe, 86% of funds do not exist in a tangible way , but only in the networks of banks. So to touch it, we’ll come back.

You know, uncle, the value of the euro is fundamentally determined only by the trust we give it . And it’s a bit the same for Bitcoin. It is based on a solid and very secure protocol, and it is this trust that allows it to exist. The proof is that more and more major companies are choosing to buy them . And that’s more of a proof that Bitcoin is solid, right?

Your sister: “It’s still more convenient to use PayPal or my bank! „

That’s because the last time you tried using Bitcoin was when I was still playing Legos! There are now a lot of services that are building bridges between traditional finance and Bitcoin . If you walk around Paris, you will see that there are now several Bitcoin distributors . And there are even Visa payment cards that allow you to spend your bitcoins with a credit card. Not to mention all the mobile wallets that have really simplified the way we use our cryptocurrencies.

And then sister, you forget that the interest of Bitcoin, it is precisely that it operates outside traditional financial systems . Your bank, it is very practical, but you have already tried to withdraw several thousand euros without notifying it in advance? With Bitcoin, you have complete freedom over your funds, and no one can confiscate them from you.