A advise to my friend about his decision

_Hiloveua_

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Quote from: DaMut on October 04, 2023, 03:33:03 PM

i think you have done a good thing in persuading your friend about the bitcoin. i think maybe the father should have let his son know about bitcoin at that time and it would have been much easier for him now. but thankfully there are a lot of materials online for any newbie to learn. i think this is another chance for your friend not to miss out on the bitcoin train and hopefully as he gets to learn more about bitcoin he would love it and also try to let him children know about it as well.

Yes it is true that a person may not be experienced about Bitcoin. Maybe he was young or had no interest in Bitcoin when his father gave him Bitcoin. Yes though nowadays all information related to Bitcoin is available and can be learned very easily from different platforms. But currently there are very few good platforms related to Bitcoin. However if @OP can give his friend some idea about bitcoin, his friend will surely be interested to learn. If he is a hardworking person and has the will to know.

bayu7adi

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The father has left behind an inheritance, but his child must unravel a puzzle to determine its true worth. It may sound like something out of the movies, but the child is still emotionally fragile. Therefore, I believe we should strive to find the best way to pass down our Bitcoin wealth to our children or family.

If we can't impart this knowledge during our lifetime, at the very least, leave behind a means to access the Bitcoin we possess.

xzy887

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It is normal for him to be angry. Still there are many people in the world who do not believe about bitcoin and some do not know. They will never accept bitcoin as an inheritance of his father's wealth. Because they use bitcoin and don't know about it. But the work you have done, I think this work should be done by everyone. Only then will everyone be willing to accept this bitcoin as their property one day. For example, your friend learned about bitcoin from you and later accepted it as his wealth.

DabsPoorVersion

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The time when you explain the things about Bitcoin that your friend needs to know is enough advice to change his decision. It is now all up to him whether if he will make more time learning about Bitcoin or if he will stop and convert his inheritance to cash.
The only advice I can give is your friend shouldn't act that way. His late father probably have a lot of plans for him or only want the best for him when he wrote that will before he passed away. Maybe the father missed to teach it to your friend but still think for the better future of his child.

DaMut

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i think you have done a good thing in persuading your friend about the bitcoin. i think maybe the father should have let his son know about bitcoin at that time and it would have been much easier for him now. but thankfully there are a lot of materials online for any newbie to learn. i think this is another chance for your friend not to miss out on the bitcoin train and hopefully as he gets to learn more about bitcoin he would love it and also try to let him children know about it as well.

batang_bitcoin

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Quote from: BVeyron on September 22, 2023, 06:16:54 PM

Actually most people are afraid of BTC, since there are two main problems:

1. Lack of adoption: nothing can be bought directly with btc, so people can't use BTC as money. This leads to underestimating of real value of BTC

I don't think so that those are really problems why most people don't want themselves to get attached to bitcoin. Adoption is there and even if there's not that much of it, they can easily sell it to exchanges as it's highly liquid. One major reason is that they're afraid of those scammers that uses Bitcoin for their tricks or it's being used by criminals in the dark marketplaces and I guess that belief won't change.

Quote from: BVeyron on September 22, 2023, 06:16:54 PM

2. Legal uncertainty: if adoption is needed for small everyday purchases, legal problems are a bad thing for expensive transactions. In any country the official status of cryptassets is vague, even if crypto is legal. That's why people avoid buying expensive things directly with btc, since such purchase is at a risk of being unaccepted by officials, which is really important in case of real estate deals.

Honestly, there are only few countries that have banned Bitcoin. The rest, either neutral and positive. Thus, you are not required to spend Bitcoin for goods as many are treating it as an investment and just holds it easily.

BVeyron

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Quote from: Egii Nna on August 06, 2023, 04:51:41 AM

Many people lack basic knowledge of bitcoins.
I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.

Actually most people are afraid of BTC, since there are two main problems:

1. Lack of adoption: nothing can be bought directly with btc, so people can't use BTC as money. This leads to underestimating of real value of BTC

2. Legal uncertainty: if adoption is needed for small everyday purchases, legal problems are a bad thing for expensive transactions. In any country the official status of cryptassets is vague, even if crypto is legal. That's why people avoid buying expensive things directly with btc, since such purchase is at a risk of being unaccepted by officials, which is really important in case of real estate deals.

Bitcoin_people

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People who lack basic knowledge about Bitcoin must be technically educated. Since your friend didn't have a good idea about bitcoins he was angry when he received the bitcoins his father had left him. In that case, your friend might be a person who is new to this technology but has no experience with virtual currency. If your friend had been so wise or intelligent, he might not have stormed out of the house with his father and instead expressed interest in learning about Bitcoin. Since you gave your friend that student because of the lack of education your friend left home angry with his father and argued with the lawyer without realizing it. You should be thanked for being able to enlighten your ignorant friend about virtual reality and teach him the positive aspects of Bitcoin. Maybe he is now more than happy to receive those bitcoins left by his father and accepts bitcoins as his prized possession.

Raflesia

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Quote from: posi on August 06, 2023, 10:00:15 AM

Quote from: worle1bm on August 06, 2023, 08:58:51 AM

How many years earlier this instance took place? As you are saying I am surprised that anyone would be furious about inheriting some bitcoins as most of us have heard about it whether in positive or negative way.When you talk to him even if you have showed him prices at current he would have thanked his father for the same but still if he gets in touch with it and learn more about it he will come to know it's the true money over which he can have control.

That's the point where I suspect the author's story is fictitious. If his friend is an older person, I wouldn't be surprised they've never heard of bitcoin because they wouldn't care. But if both are young generation and frequent social media users, it is hard to believe that they have never heard of bitcoin. My friends don't have too many people invested in bitcoin, but when asked about bitcoin they all know it's an investment or an asset...So I really don't believe the op's story is true.

It is difficult to trace the truth whether it is fictitious or not because all possibilities can still happen I think.
Many people still haven't heard of bitcoin and bitcoin is still something taboo in some places still happening today regardless of age young or old as long as in their area there is no discussion about crypto then I think things like this can still happen.
When surfing the internet such as on social media or others all algorithms refer to what we are passionate about so when we don't even search for anything about crypto or bitcoin then I don't think this will exist for social media because algorithms always follow what we are passionate about.

But the possibility of this fiction will also be very large because it is unlikely that the inheritance is bitcoin if in the area no one knows crypto and I think when the parents know crypto especially bitcoin then they will definitely share things like this as new knowledge for their children and even though it may not be like that, of course the child will also definitely have seen even a glimpse that the parents are in crypto.

Natalim

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Quote from: Bushdark on August 10, 2023, 05:22:36 PM

Quote from: yazher on August 07, 2023, 09:28:28 AM

What a lucky friend you have right there and a good father as well based on your story. He just needs to appreciate what his father left him since that was not a bad thing to have because all he needs to do is to search for his father's will and it could be leading him to some appreciation of bitcoins as well because he will gonna research it well and learn more about it in the process he will gonna become one of the fans of bitcoins because of his father.

Anyone that does not understand what Bitcoin is all about can quickly search the internet and check the Bitcoin whitepaper for a little understanding of the concept. This is my first time seeing that Bitcoin is being willed to next of kin of family member based on how quickly things can be compromised. Once someone have access to the Bitcoin secret phrase, the coin can be moved out any time without even the owner knowing about it.
I hope he is going to make good use of the fund since it is in Bitcoin and I hope he is going to learn about Bitcoin and hoe to trade it to earn more Bitcoin if he really are about that.

That is what I think as well. Because it never makes sense to have this Bitcoin if you never know how to use or spend it wisely. But if I was the person who inherit that amount, I definitely converted some to fiat money and start and business or buy some stocks. It is good to secure the funds into other investments rather than keeping it like that especially if you don't have enough knowledge about crypto.
I believe he would understand it but much better if someone from his friend who can be trusted guides him on what to do next.

GideonGono

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Quote from: Nrcewker on August 06, 2023, 05:09:11 AM

Your friend doesn’t need a personal tutor. Nowadays, everything is available on the internet. If your friend had shown some effort to learn about the coins, he could have learned about them in a shorter period of time. I am still wondering how your friend isn’t aware of Bitcoins, whereas his father was (assuming he was old). Nevertheless, if you want to make him understand Bitcoins, then do a basic introduction, like why to choose Bitcoins and its advantages over the banking system. The rest regarding how to create a wallet and secure the coins can be easily found on YouTube.

Yes I agree with this they could self study if they want to, but we also have to accept that some people tend to learn quicker when they have someone who would clearly teach them about the things that they want to know.
Self studying is good but there are times that having other people to teach you could actually be a lot easier.

Bushdark

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Quote from: yazher on August 07, 2023, 09:28:28 AM

What a lucky friend you have right there and a good father as well based on your story. He just needs to appreciate what his father left him since that was not a bad thing to have because all he needs to do is to search for his father's will and it could be leading him to some appreciation of bitcoins as well because he will gonna research it well and learn more about it in the process he will gonna become one of the fans of bitcoins because of his father.

Anyone that does not understand what Bitcoin is all about can quickly search the internet and check the Bitcoin whitepaper for a little understanding of the concept. This is my first time seeing that Bitcoin is being willed to next of kin of family member based on how quickly things can be compromised. Once someone have access to the Bitcoin secret phrase, the coin can be moved out any time without even the owner knowing about it.
I hope he is going to make good use of the fund since it is in Bitcoin and I hope he is going to learn about Bitcoin and hoe to trade it to earn more Bitcoin if he really are about that.

serjent05

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Quote from: posi on August 06, 2023, 10:00:15 AM

Quote from: worle1bm on August 06, 2023, 08:58:51 AM

How many years earlier this instance took place? As you are saying I am surprised that anyone would be furious about inheriting some bitcoins as most of us have heard about it whether in positive or negative way.When you talk to him even if you have showed him prices at current he would have thanked his father for the same but still if he gets in touch with it and learn more about it he will come to know it's the true money over which he can have control.

That's the point where I suspect the author's story is fictitious. If his friend is an older person, I wouldn't be surprised they've never heard of bitcoin because they wouldn't care. But if both are young generation and frequent social media users, it is hard to believe that they have never heard of bitcoin. My friends don't have too many people invested in bitcoin, but when asked about bitcoin they all know it's an investment or an asset...So I really don't believe the op's story is true.

Same here, I wonder how does that lawyer never explains to the son what Bitcoin is. I doubt the lawyer does not know Bitcoin since his client had put it on the testament. I am sure the father thinks that there will be confusion if his son do not know about BTC and it is the duty of the lawyer to explain about the detail of the will and testament.

Quote

As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will

Quote

But if both are young generation and frequent social media users, it is hard to believe that they have never heard of bitcoin

I think this depends on the interest of the person since there are lots of category to get interested with like when a person is hooked on manhwa, I am sure that Manhwa and Bitcoin is too far related from each other so there is a chance that the manhwa lover won't get any information about Bitcoin nor popup on his feed about cryptocurrency.

Obari

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Quote from: Egii Nna on August 06, 2023, 04:51:41 AM

Many people lack basic knowledge of bitcoins.
At that point, he was happy and walked back.

I would have asked what next but I believe the rest is history and I'm curious to know of no one in the family except the father was the only one who knew about bitcoin and how will his father know about bitcoin upto even having it and willing it to his son without letting the son know about bitcoin by teaching him because I believe your friend is already mature enough but as I said, the rest is history.

Now I'm glad that you were able to safe a nigga and I've learnt a lesson that I shouldn't reject things in a haste but rather do some research about it before making decisions about it.

ChiBitCTy

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lol, you're friend sounds kinda dumb and immature if I'm being honest. No offense, but just saying. I've had a lot of friends who are ignorant to how bitcoins work and have educated them, often times doing things like teaching them how to load a hardware wallet and things of that nature, but I've never ran in to an inheritance situations like this.

There are actually books written around this subject, your friend should check them out.

Dzwaafu11

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Quote from: posi on August 06, 2023, 10:00:15 AM

But if both are young generation and frequent social media users, it is hard to believe that they have never heard of bitcoin.

Spending a long period of time on the internet doesn't mean someone should hear about bitcoin. What you don't know, you don't know. Take it or leave it. And hearing about Bitcon is different from having knowledge of Bitcoin. Just because someone knows that Bitcoin is an asset doesn't mean they believe in it or accept it. It is very simple and well known that many people are on social media, and yet these people are yet to know anything about bitcoin, even if they are young ones, because if you are not ready to know something, even if you come across it, you will just pass it by because that person does not take it seriously that he or she needs to know.

Quote from: justdimin on August 10, 2023, 06:42:20 AM

Newbies could also tell people some stuff, like where to buy, and how to buy, as in technical parts.

Exactly. Someone can be a newbie on the forum while they came with their knowledge about bitcoin that they acquired out of the forum. The fact that the forum rank does not determine how knowledgeable you are as far as you come here, even if it is with your knowledge, means that you must pass through many ranks before going to a higher rank.

Ale88

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Quote from: Egii Nna on August 06, 2023, 04:51:41 AM

Many people lack basic knowledge of bitcoins.
I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.

Your friend's mentality is totally wrong. Even if he got the money to start a business, like he said, I'm pretty sure he would have failed because he's not someone who is willing to learn and understand new things. If he wanted to reject the bitcoins without even knowing what they were how could he manage a business when you need to learn new things everyday?

For sure the father should have talked to him time ago about bitcoin, what it is, why it's important, etc etc, but that kind of reaction, coming from an adult, is just ridiculous.

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Quote from: Peanutswar on August 08, 2023, 07:23:00 PM

People who are not literate with the bitcoin does not want to have it but sooner or later once they know already the use of the bitcoin for sure they will grab the opportunity to have this.
We cannot deny their ignorance because not all the people related into investment and cryptocurrency so why would they take a risk to have Bitcoin who doesn't know how to use than the land and other tangible assets they can use for investment or sell the property easily.
The bitcoin gives a bad image to other people due to movies and another factor so they are afraid to use this too.

Many people doubt the OP's story but I believe it to be true since many people around me also know nothing about bitcoin. Although nowadays we can easily come across the bitcoin logo or anything related to it with the development of the internet. But if they really don't care, then no matter how many times they see it, they won't know anything about it. I believe the OP's friend case is solved, because as you said, as long as he knew the use and value of bitcoin, he would pounce lustfully.

But by the way, I think bitcoin education is very necessary because there are still a lot of people who don't know about bitcoin.

justdimin

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Quote from: hyudien on August 07, 2023, 07:05:12 AM

It's best not to focus on accounts that are beginners, they may have known Bitcoin for a long time and little by little have an overview of Bitcoin. So focus on the context the OP is talking about, or if you feel senior give more appropriate advice. There is no need to doubt one's intellect because here anyone is allowed to speak.

The important point is that OP was able to save the inherited bitcoin from being neglected, access to the wallet must have been prepared by his late father. When his friend still can't accept it because of a lack of information, but after being given an explanation and how important the value of Bitcoin is, everything can be resolved.

Have you ever heard of a save box in a bank that can be an alternative for someone who wants to save recovery seeds and the one who can receive the box is the heir. A lawyer is already professional so his father appointed a lawyer in this case, to hand over the legacy he left behind.

That's true, I can say that there are also a lot of people with multiple accounts unfortunately, some of them do get caught, not sure if it's allowed or not but shouldn't be allowed if you ask me. In the end we are talking about a situation where it's not that profitable and the result should not be that simple. I think it's clear that we are going to end up with something that will benefit people in the end.

I am not entirely guaranteed on anything that would make sense, but that doesn't mean that it doesn't show any result one way or another, we should be considering the option to be a little different here. Newbies could also tell people some stuff, like where to buy, and how to buy, as in technical parts.

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People who are not literate with the bitcoin does not want to have it but sooner or later once they know already the use of the bitcoin for sure they will grab the opportunity to have this.
We cannot deny their ignorance because not all the people related into investment and cryptocurrency so why would they take a risk to have Bitcoin who doesn't know how to use than the land and other tangible assets they can use for investment or sell the property easily.
The bitcoin gives a bad image to other people due to movies and another factor so they are afraid to use this too.

Topic: A advise to my friend about his decision (Read 727 times)