When your friend ignore of bitcoin it’s his own opinion,So you need to force him for the action.When the bitcoin Price back to 60k dollars,he will automatically inverse in the bitcoin.But the price of bitcoin will above 60k dollars,So he will force to inverse at all time high.This is not the recommended one by the experienced traders.So if he fail to buy bitcoin at the cheap price,Surely he will feel for the same in future.Some people lose the golden opportunity and keep say bad about his past opportunities.
Topic: A advise to my friend about his decision - page 4. (Read 735 times)
Tbh this sounds like one of those stories that are too good to be true!
So a grieving friend had all the time to hear what the lawyer was reading to the family and also catch the bitcoin part which was of no interest to him and later narrated all this to you? Btw, if he wasn't happy with his inheritance, don't you think he wouldn't even remember the name as it had little significance to him
Anyway, it's only you who knows this is factual and if it is, you did well to open his eyes to the new emerging technology of money and hope your buddy did more research on cryptocurrencies using the internet
So a grieving friend had all the time to hear what the lawyer was reading to the family and also catch the bitcoin part which was of no interest to him and later narrated all this to you? Btw, if he wasn't happy with his inheritance, don't you think he wouldn't even remember the name as it had little significance to him
Anyway, it's only you who knows this is factual and if it is, you did well to open his eyes to the new emerging technology of money and hope your buddy did more research on cryptocurrencies using the internet
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?
It's an interesting story - but I wonder what the lawyer did after the heir didn't know the value 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?
Should the lawyer remain silent when the heir's first impression is that he rejects bitcoin - or should he also be angry and walk away without giving the heir an explanation about bitcoin?
And then I'd say this is a strange case - but I'm really getting more and more curious about how the story will play out. Of course - not everyone knows the basics of bitcoin and how valuable the asset is - but it's an obligation for heirs to get an explanation of what they'll be receiving be it property, money, stock or cryptocurrency.
Another story that doesn't seem true, and it wouldn't be the first time that some people use their imagination to try to get some merit. To me, it would be logical for someone to protest because his father left him nothing or left him debts, and for someone to protest because Bitcoin was left to him really makes no sense.
If there is any doubt about what Bitcoin is, can't it be found out within a few minutes using the internet and a search engine? That imaginary friend is therefore a rather unintelligent person if he behaves in that way.
If there is any doubt about what Bitcoin is, can't it be found out within a few minutes using the internet and a search engine? That imaginary friend is therefore a rather unintelligent person if he behaves in that way.
You're right, OP is lying. There's no way this story is true.
That guy lost a father and he made a scene at last will's reading, arguing with the lawyer? Who in their right mind does that? His father just died and the guy has no respect for him and his last will? The man is gone, he won't see him ever again and of all the things he throws a tantrum in front of the rest of the family. Being his brother, I'd kick his sorry ass out of the room.
I doubt the guy wasn't even interested in how many bitcoin he received and its value.
It's like if you get the news that you were given a piece of land in another country and you don't even ask how big and where, just try to reject it? That's just stupid.
Why would he reject the inheritance at all? Even if my father were to leave me a worthless thing, I'd take it out of respect. It's the same with something of value. What if it's just a thousand bucks? Would you rather throw it away?
I can sense this is just a fabrication, sorry for that. But let’s say it really happened, then it’s a good thing that you’re the friend he ran into. But I’m just confused if he never heard bitcoin before, because it seems that he has no idea about bitcoin. Anyway, just tell him to keep his bitcoin. For now, it’s a good thing if he will study first about bitcoin before he decides on what to do about it. All the information are laid on the internet, he just need to do his intensive research.
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.
Good thing that you have given him another perspectice but at the end of the day, the decision is for him to make whether he would collect what was left for him or not. He has his own reasons to do so. But indeed lack of knowledge into something is a factor why many people are still away from this technology. The only thing we could do is to wait for government sectors and big names of different industries to also acknowledge the existence of this technology. For sure we are still on a long way befote majority of people consider using this blockchain as an alternative to fiat but atleast we are seeing progress at this moment. As we embrace technological advancements no doubts that things would be better for this industry. 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.
Technological developments are quite advanced at this time, I think understanding bitcoin is quite easy and what your friend did by rejecting bitcoin inheritance was a fatal mistake. Lots of websites and articles provide education about Bitcoin so it's easy to find out the benefits and advantages of owning bitcoin assets.
Little mistake from parent before giving inheritance to their children need educate them about Bitcoin from basic step with deposit until withdrawing become cash money. But disappointed what your friend decision rejected inheritance Bitcoin from his father and if know how much bitcoin price right now and he miss great chance to earn much money trough inheritance.
Little mistake from parent before giving inheritance to their children need educate them about Bitcoin from basic step with deposit until withdrawing become cash money. But disappointed what your friend decision rejected inheritance Bitcoin from his father and if know how much bitcoin price right now and he miss great chance to earn much money trough inheritance.
Well, your friend will for sure find it out later on when he does his own research. Your friend is for sure just shocked by it, which is why he reacts to it and expects other things, but again, no matter what his reaction is, he will still receive those Bitcoins no matter what, as no one else can get them but him. No matter how long it takes, your friend will be happy with it and realize that it has a huge value.
You are newbie and want to teach your friend. Are you knowledgeable enough to teach your friend?
I doubt any newbiew can teach about Bitcoin and when you are learning, you must be more careful with your words in conversation as if you make mistakes in knowledge, security advice, you don't help your friend but do something harmful.
I get the sentiment about forum ranks and what it entails when ever we see someone on the ranking pipeline. Also, the way in which OP have narrated his encounter with this friend following the reading of the while of his friends deceased dad.I doubt any newbiew can teach about Bitcoin and when you are learning, you must be more careful with your words in conversation as if you make mistakes in knowledge, security advice, you don't help your friend but do something harmful.
It’s advocated that newbies in the sense of the word and not on the forum not teach what they don’t understand but, forum rank don’t really define how much users know but simply lays emphasis on how long ago a user might have joined the forum with respect to how much contributions that might have been done by this individual within there period of stay.
Still, it’s not rocket science to tell someone that, bitcoin has got some values. It’s just that simple and a good talk to begin a learning process.
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.
Before that, my condolences for your friend for his father who died.It's actually very unfortunate that your friend doesn't understand at all about Bitcoin which his late father owned. Even though it appears that in his will, his father actually wanted to pass on the Bitcoin to your friend, but maybe your friend didn't really care about the Bitcoin before.
You did a good thing by advising your friends to accept those Bitcoins and suggesting that your friends can learn more about basic Bitcoin knowledge. So that your friend's father's inheritance can be used by your friend and not be wasted. Your friend can hold it and sell it when the price is high, but before that make sure your friend already has and understands basic knowledge about crypto and Bitcoin first.
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.
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.
What a great imagination with a touch of fallacy. This is my first time I will see that Bitcoin is being inherited by some from his deceased parent. This is still strange to me and I can still laugh over this enough. Bitcoin is a digital coin that can only be traded online. For you to inherit Bitcoin there is need to have access to the wallet private key. And the wallet private key can be used by anyone or even the so called lawyer can access the private key and transfer the coin. I will like to get to the bottom of this story and I hope op will tell us what ensued between him and the person involved.
What exactly do you explain to your friend—I mean, the things you told him that made him change his mind from not accepting bitcoin to accepting it?
We all have our choices to make, don't force anyone to follow your own part, because you think that will be the best option for him, it works for you does not mean it will work for others, the said person might really be the type that only care about what they can see and touch physically as that is what they understand the most and manager properly without needing an extra hand on how to do it, and beside you don't know the actual amount of bitcoin which was allocated to him, since the figure is not mentioned, it might be something worth less down a landed property, and the person in question is so much interested on how to use his own share of the will to start up soemthing for him self, @OP do you really think Bitcoin will be the best for him ?
Maybe the OP is just a newbie here on the forum, but that does not completely make him a Newbie in the crypto industry, as most people might have developed crypto knowledge outside of this forum.
We all have our choices to make, don't force anyone to follow your own part, because you think that will be the best option for him, it works for you does not mean it will work for others, the said person might really be the type that only care about what they can see and touch physically as that is what they understand the most and manager properly without needing an extra hand on how to do it, and beside you don't know the actual amount of bitcoin which was allocated to him, since the figure is not mentioned, it might be something worth less down a landed property, and the person in question is so much interested on how to use his own share of the will to start up soemthing for him self, @OP do you really think Bitcoin will be the best for him ?
You are newbie and want to teach your friend. Are you knowledgeable enough to teach your friend?
Maybe the OP is just a newbie here on the forum, but that does not completely make him a Newbie in the crypto industry, as most people might have developed crypto knowledge outside of this forum.
-snip-
There is something odd about this story. Hopefully I'm not wrong with the contents of my mind trying to understand what you wrote about a story of a child who received an inheritance from his father.In a will written by the father of your friend which contains bitcoin, it means that there is also an address and a private key or seed phrase. It is possible that the lawyer in this story already knows and can take the bitcoins inherited from his father.
Alternatively, if the contents of the will read by the attorney do not include the private key or seed phrase of the bitcoin address, the attorney already knows where your friend's father kept it. This means that in the near future the place where the seed phrase reserves are stored will disappear.
OP, I have no doubts about the knowledge of bitcoin that you master, even though you are still a newbie here. I doubt the truth of the story you bring.
Are these stories that are being told in this section real? They're like coming unstoppable. Anyway, going on this discussion, someone who has received Bitcoins as an inheritance is likely to first do some research on the internet and will finally find it out that those bitcoins he has received has value. Maybe, the worst situation is that person don't like researching but I guess even the slightest interested person will do so upon receiving a gift or inheritance especially if it's involving yourself to receive it like a gift. Because in reality that I've found out, even if a person doesn't like bitcoin but if you offer to give it for free, heck they'll say and agree to it if it's for free.
This post doesn't contain detailed information and it looks like self made because who actually send to his son Bitcoin who don't know about it?
Do you send someone who have no idea about Bitcoin? Obviously I won't do it. And as you have posted, I think your friend's father is well known with Bitcoin. So why he won't teach his son before sending it? Otherwise he may lost it because of the lack of knowledge. Who don't have a basic idea about Bitcoin like what is it or how to use should not receive Bitcoin. Anyone can learn then from Google or YouTube with proper details.
So never share something meaningless because this is a discussion platform not your social timeline.
Do you send someone who have no idea about Bitcoin? Obviously I won't do it. And as you have posted, I think your friend's father is well known with Bitcoin. So why he won't teach his son before sending it? Otherwise he may lost it because of the lack of knowledge. Who don't have a basic idea about Bitcoin like what is it or how to use should not receive Bitcoin. Anyone can learn then from Google or YouTube with proper details.
So never share something meaningless because this is a discussion platform not your social timeline.
Your account was newbie means you just created an account here? Or you already have knowledge about bitcoin even without knowing this forum exist?
I have been exposed to bitcoin over the past two years, I do in fact have knowledge and a great deal of knowledge about it. I was just introduced to this forum by a friend, and I'm excited to be a member because it will allow me to learn more about bitcoins.
First of all, welcome to the forum. Secondly, as long as what you are introducing and teaching to your friend is based on research (that is credible) and not just something you randomly found on the internet then good. Sharing your experience with your friend can help too, but always give caution that some things are different for every person and situation. I hope you enjoy your stay here and find knowledge as well as information that you can use and share to your friend.
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.
I think your friend doesn't kniw what is the actual value of bitcoin he was about to recieve. Try to recommend him about trying to convert the total bitcoin he was about to recieve in your local currency, he might get some dedication because of the value of bitcoin. If he's interested enough and ask you to teach him about bitcoin, you can refer him to valid resources online on how to use his crypto but if he only wants to sell it for fiat, You can't force him to hold the bitcoin so just help him in converting it to fiat. 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.
Maybe his father has some reason why he make him recieve a bit oin instead of physical properties, I rhink his father is thinking about the future and I like it.
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.
Somehow someone wants to pass Bitcoin on to their child without teaching them first, I think this is the wrong decision and will be a gap in the distribution of inheritance because the recipient does not understand a bit about Bitcoin. When the attorney reads out the will whether the sheed phrase/private key is also attached as the only way to access the inherited wallet, then what if the attorney knows how to access the wallet and then transfers some of the Bitcoin in the wallet.
I also don't know how deep your knowledge (as a Newbie in this forum) is about Bitcoin so you have the courage to teach your friend. I don't know if this story is true or fictitious, but there is a very important message in your story that other Members can learn from. Before deciding to bequeath Bitcoin to heirs, it is necessary to educate them about Bitcoin so that there is no confusion for heirs when the will is read.
I also don't know how deep your knowledge (as a Newbie in this forum) is about Bitcoin so you have the courage to teach your friend. I don't know if this story is true or fictitious, but there is a very important message in your story that other Members can learn from. Before deciding to bequeath Bitcoin to heirs, it is necessary to educate them about Bitcoin so that there is no confusion for heirs when the will is read.
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?
Ignorance is one of the greatest diseases in the world. Ignorance can make someone act like a fool. His problem was that he doesn't know the worth of bitcoin. It is quite unfortunate that many people are still unaware of Bitcoin. If he had known that a few coins can get him a house and business, he would have been happy with his dead father. 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?
Quote
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.
It is good you encouraged him to accept the coin. But your guidance has not ended. You should teach him how to keep his coins on a decentralized and open-sourced wallet. And he should also learn how to keep his seed phrase and password safe. He should be aware of the risk involved in keeping his coin such as hacks and other threats. Considering keeping his coin in an air-gapped wallet might also be a good option. Jump to: