You not having the time to teach her how to set up a crypto account I don't think is a challenge all that, she can get to learn about that else where and save you of the stress of trying to carve out a time off your busy schedule to teach her how to get a crypto profile.
There are good channels on YouTube she can visit to guide her step by step on how to get it done and there are also other tutors who can be contacted on freelancing site if when would want a physical class and they can schedule one and get to meet where she can be taught. It's not really challenging as there are many options she can explore to get the knowledge of she's really ready to get the knowledge, there are even books, articles and blogs where she can read about it too, even some exchanges do offer to share rhis knowledge for free if she wants any of it.
Topic: A lady friend, stunned by the brilliance of DCAing. (Read 428 times)
A lady argues that an investment in the purchase of expensive hairs like extensions, attachments and weavons, just to look good for men and women alike to patronize her, pays better than either a long or short term investment in any kind of cryptocurrency mostly bitcoin considering the price of Bitcoin currently and the fact that she might be too careless to secure any investment in cryptocurrency.
I didn't know how I remembered the Dollar cost averaging strategy that can accept smaller amounts of the monies like the amount she would have normally used to purchase those her expensive hairs, but into the market regularly by DCAing.
This way, she would not have to wait until she has a larger amount saved up to benefit from the current market growth expected from Bitcoin bull run and staying true to accumulating with DCA strategy over 5 years to a decade.
Although she spoke extensively on how real estate would be a better option, but when I helped in estimating how much her hair cost versus how much she would need to afford real estate versus how much she would have accumulated and for how long to afford that real estate purchase from an investment in Bitcoin with the DCA strategy of investment, she was stunned at the brilliance, but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
I encourage you to take very good note of what every users are saying as to this regards by making contractions and comparisons, as for me I will say that you should please inform her about Bitcoin being a volatile asset thou a user has made that point but it please me to remind you again as it is of a crucial and important aspect of Bitcoin that anyone coming into the space should know as not to panick when it goes on the down trend because the very mentality of every newbies coming in to the space could be that Bitcoin we keep moving up. However, you can make out chance and introduce her to the basics as she can be leaning more while already in the market which is the beauty of the DCA strategy by allowing or giving opportunity to the inexperienced to take position in the market without having much of the knowledge.
Don't blame women when they choose their appearance over a life-changing investment like bitcoin, which can help them build their financial status. Only but few have learned to invest in their future, and that of their unborn kids.
The society we live in has made it look like, women should aim to look attractive to men because they are the ones who will marry and take care of them. So, there won't be a need for them to make long and short investments since they will end up being under the care and control of a man.
That being said, you have to make time to teach the lady how to set up a crypto account, and every other knowledge she needs to acquire about crypto before she begins to lose interest over it. As it is currently, she's prone to fall victim to scams if she gets to learn about bitcoin investment in the wrong hands. Many people have missed their way in the crypto space, all because nobody educated them on the basic knowledge of how to go about having a successful bitcoin investment
The society we live in has made it look like, women should aim to look attractive to men because they are the ones who will marry and take care of them. So, there won't be a need for them to make long and short investments since they will end up being under the care and control of a man.
That being said, you have to make time to teach the lady how to set up a crypto account, and every other knowledge she needs to acquire about crypto before she begins to lose interest over it. As it is currently, she's prone to fall victim to scams if she gets to learn about bitcoin investment in the wrong hands. Many people have missed their way in the crypto space, all because nobody educated them on the basic knowledge of how to go about having a successful bitcoin investment
No one of course, again this topic we've face as always that you don't need to pleased them to invest with the crypto. Crypto is open for everyone but not for all. Let's say that she pleased with your statement upon your conversation but sooner or later they will not change their habit, its just a short term that they will realize how much they spend instead keep making an investment. Once they get interested let them be to explore just to put your guidance for sure they will get overwhelm with the info but if they really would like to join in the crypto space they will make a way.
I have always preferred DCAing over Lumpsum in my little studies and experience though it all depends on the intention of the investor, their financial capacity and their end goals. There are people who will prefer to Lumpsum their investments whereas there are those who will always subscribe to the DCA approach. Overall, investment is the key to success for most individuals and all businesses. The more you invest, the better your business thrives! 
Although she spoke extensively on how real estate would be a better option, but when I helped in estimating how much her hair cost versus how much she would need to afford real estate versus how much she would have accumulated and for how long to afford that real estate purchase from an investment in Bitcoin with the DCA strategy of investment, she was stunned at the brilliance, but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
Setting account for her requires someone very experienced that will guide her, she should know some basic things about Bitcoin before yoe can do that, she should also know the difference between centralize and decentralized exchanges and wallets, she need to get all these guides before starting do that she can manager her account herself.
~ but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
Your opinions are welcomed!
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
Your opinions are welcomed!
No one of course, again this topic we've face as always that you don't need to pleased them to invest with the crypto. Crypto is open for everyone but not for all. Let's say that she pleased with your statement upon your conversation but sooner or later they will not change their habit, its just a short term that they will realize how much they spend instead keep making an investment. Once they get interested let them be to explore just to put your guidance for sure they will get overwhelm with the info but if they really would like to join in the crypto space they will make a way.
she was stunned at the brilliance, but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
If you have personal contact, whether it is his social media account or WhatsApp or Instagram, then things might be much easier for you to help him further. I used to be in a condition like that woman. Where I was interested and someone started to help me. And actually someone who helped me first only gave me some reading references or sources that I could visit to make it easier for me to continue my curiosity. And I started reading lots of references and even came to this forum. And after that I understood it myself even though sometimes I asked someone who helped me. But that doesn't mean that someone has to continue to help me. because I was advised to study independently and if there was something difficult for me to understand, then I asked him. Well maybe you can do it like that too. that is, just providing several sources or references that your acquaintances can read. So he can learn by himself. And suggest that he ask you if there is anything that your acquaintance finds difficult to understand. Because currently there are many sources that can be read by a beginner. Either in the form of a site that contains reading texts or via videos on YouTube. You just need to direct it to these sources. Hope this helps and perhaps this suggestion has been suggested by others too. But I also don't have any other suggestions apart from this one because this is in accordance with my previous experience when learning about crypto and bitcoin. This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
The fact that I also don't want to look like one trying to cajole her into Bitcoin investment is also an added reason why I am reluctant to devout such attention to her
That's why you should allow her make her own decision, if she is ready to buy bitcoin, she will do more to learn about it and understand it by herself, if you are trying to push people to buy bitcoin, they will take it as an investment advice. One thing with giving people investment advice is that more often than not it backfires on the adviser, if the price of bitcoin does not go as you have predicted to the person, they wouldn't hesitate to blame it on you. 
At first it was using the money for looking classy to buy bitcoin:
On this, I would say that if the lady works, earn good money, she should continue to invest in her look, there's nothing wrong with that. Women are women and are not like men. I cannot remember when last I changed my wardrobe. But I still wear good and clean clothes. But some ladies will feel depressed if they go a month without buying a new outfit.
Secondly, you guys entered into real estate. I don't understand the correlation between looking classy, investing in bitcoin and investing in real easte. But if you guys are to discuss finance and investment, make out enough time for that. But remember that you are not an investment advisor.
On this, I would say that if the lady works, earn good money, she should continue to invest in her look, there's nothing wrong with that. Women are women and are not like men. I cannot remember when last I changed my wardrobe. But I still wear good and clean clothes. But some ladies will feel depressed if they go a month without buying a new outfit.
Secondly, you guys entered into real estate. I don't understand the correlation between looking classy, investing in bitcoin and investing in real easte. But if you guys are to discuss finance and investment, make out enough time for that. But remember that you are not an investment advisor.
~Snip
Although she spoke extensively on how real estate would be a better option, but when I helped in estimating how much her hair cost versus how much she would need to afford real estate versus how much she would have accumulated and for how long to afford that real estate purchase from an investment in Bitcoin with the DCA strategy of investment, she was stunned at the brilliance, but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
You don't need to be confused and spend a lot of time teaching this woman to invest in the world of crypto or bitcoin. Especially if you are going to suggest that the woman use the DCA technique to run her investments. If you are busy, you just need to send a link to a website that contains information about DCA techniques. Because I'm sure, just by reading the website, this woman will definitely understand the DCA technique. Or you can also tell the woman to enter this forum. Because in this forum information about DCA already exists and the discussion is in more detail because it has been discussed with many members. Because I personally learned a lot about DCA from this forum, so you can also suggest these women to join this forum.Although she spoke extensively on how real estate would be a better option, but when I helped in estimating how much her hair cost versus how much she would need to afford real estate versus how much she would have accumulated and for how long to afford that real estate purchase from an investment in Bitcoin with the DCA strategy of investment, she was stunned at the brilliance, but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
Because I personally think the DCA technique is the simplest purchasing technique for investing in the world of crypto or bitcoin. Because if I conclude, the DCA technique is collecting money into Bitcoin or other crypto assets periodically. Be it every day, week, month or year, and whatever the asset price. That's how simple the DCA technique is, so basically you don't need to be confused about teaching this woman the DCA technique, because as I suggested above, you only need to send her a message containing a web link about DCA information and about this BTT forum. The same goes for teaching the woman to create an account on a crypto exchange or create a secure crypto wallet. You just need to submit web information that provides tutorials for creating an account on a crypto exchange and also creating a secure crypto wallet.
The best bet so far has been to introduce her to this forum, but the challenge is that she might need me to explain much more and show her directions on how to go
Introduce a potential Bitcoiner to Bitcoin forum is good but this forum is very big and has many members, not only you. It's your kindness by ready to help that woman but she will receive help, support, advice from many other members, not only yours.Quote
about the DCA strategy
https://costavg.com/https://dcabtc.com/
DCA strategy is good but the woman needs to know about good wallets to use for storing her bitcoin.
https://bitcoin.org/en/choose-your-wallet
Quote
and how to navigate this forum, of which is an issue to me because of the distance, our busy schedules and time constraints.
That member needs to tell her friend, tell that woman to focus on Beginners & Help's sticky threads to start in the forum. Those threads have many helpful information, guides for newbies.Then some resources to learn about Bitcoin, Bitcoin wallets, how to store Bitcoin safely and use it.
https://learnmeabitcoin.com/
https://www.lopp.net/bitcoin-information/getting-started.html
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
You did well with your analogy of DCA. I'm pretty sure she left the conversation with a better understanding of the concept. However, why not send her some crypto resources to either read or watch. You don't want to be in a position where she'll blame you for cajoling her to invest in Bitcoin without knowing enough about in especially if the market price falls. If possible, introduce her to the forum where she can ask and have all her questions answered.What's your best advice?
Your opinions are welcomed!
about the DCA strategy and how to navigate this forum, of which is an issue to me because of the distance, our busy schedules and time constraints.
Although, I would try to be intentional in getting her online details so as to keep in touch with her and be able to share some of the information I have gathered over the years on bitcoin investment.
The fact that I also don't want to look like one trying to cajole her into Bitcoin investment is also an added reason why I am reluctant to devout such attention to her because she obviously wouldn't stop buying expensive hairs because it's one thing she must do to keep her clientele and get more money to even invest in Bitcoin.
A lady argues that an investment in the purchase of expensive hairs like extensions, attachments and weavons, just to look good for men and women alike to patronize her, pays better than either a long or short term investment in any kind of cryptocurrency mostly bitcoin considering the price of Bitcoin currently and the fact that she might be too careless to secure any investment in cryptocurrency.
It is natural for women to always want to look beautiful and elegant, because by looking beautiful they can increase their self-confidence. Job demands also require women to appear classy, their appearance will increase their income where they work and there may be other bonuses they get if they are able to get customers to spend more money where they work. For career women, beauty is an investment for themselves because they can make money from their work. But if she fulfills her beautiful body and makes a lot of money, she can spread her wings to invest in Bitcoin. Career women are very easy to get involved in something that can bring in money, especially in the form of investment. You just need to convince him of the huge potential that can be generated from Bitcoin investment and also teach him how to buy and store it in the safest place.
There is not so much there for her to know since the first step of interest from her has been made, all you need do is give her material she can read online that explains clearly in an easy terms about the different bitcoin wallets she can hodl in her bitcoin investment.
Where to purchase bitcoin is first step before where to store bought bitcoin safely.Awesome Bitcoin
Awesome Crypto Trading
Quote
You can let her read this if she loves reading Types of Wallets
Read it and use these following ones to choose wallets.https://bitcoin.org/en/choose-your-wallet
https://walletscrutiny.com/
Choose wallets that are non custodial (always remember "Not your keys, not your coins") and open source. Walletscrutiny.com website can give you good reviews on open-source, reproducibility of wallet.
but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
There is not so much there for her to know since the first step of interest from her has been made, all you need do is give her material she can read online that explains clearly in an easy terms about the different bitcoin wallets she can hodl in her bitcoin investment. Reading for herself about all of that will help her gain more insight prior to her DCA investment strategy. But if she can afford to make use of a hardware wallet storage it's much better for her.This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
What's your best advice?
Your opinions are welcomed!
You can let her read this if she loves reading Types of Wallets
legendary
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eXch.cx - Automatic crypto Swap Exchange.
Hairs could be considered as an investment and not just a fashion statement. I remember buying a quality hair for my woman which later was worth more than the amount I bought it when she sold it because of the demands surrounding the quality of the hair and inflation of my local currency. But sure it can't be compared with the output you can get from a Bitcoin investment and she choosing Bitcoin over hairs will definitely make her to have a more stable finance to be able to afford any quantity of hair she wants in the future. We should be investing in the present to have a better future and not having a better present to struggle in the future.
People are just ignorant and if you take time to explain to them better they might get hold of what you're trying to tell them. If you encourage her again let her know that she has to be the one to take charge of his finances. Let her start small and take DCAing like a task she has to complete monthly or any duration she set for herself. Get her a wallet and teach her the basics things she needs to do to secure her wallet and also tell her to write down the seed phrase/private key and keep them safe.
but then who would help her set up a crypto account and help with securing and ensuring she complies to the DCA strategy of investment?
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
This is the question she needs clarification on, because i for one am too busy with my schedule and only had that brief moment to chat with her, until another time we run into each other.
People are just ignorant and if you take time to explain to them better they might get hold of what you're trying to tell them. If you encourage her again let her know that she has to be the one to take charge of his finances. Let her start small and take DCAing like a task she has to complete monthly or any duration she set for herself. Get her a wallet and teach her the basics things she needs to do to secure her wallet and also tell her to write down the seed phrase/private key and keep them safe.
~Snipped
It is OP’s responsibility if he failed to explained to her the volatility of Bitcoin as an investment. I have read so many stories of how relationships have been ruined because of partnerships and investments that went wrong. If OP made the mistake of introducing this lady to Bitcoin as a money making tool, then he should expect trouble if her bitcoins is lost or the price drops significantly.
It is OP’s responsibility if he failed to explained to her the volatility of Bitcoin as an investment. I have read so many stories of how relationships have been ruined because of partnerships and investments that went wrong. If OP made the mistake of introducing this lady to Bitcoin as a money making tool, then he should expect trouble if her bitcoins is lost or the price drops significantly.
I'm going to second you on this one.. Since OP is the one introducing her to it and from the details in OP, it looked like he only showed her the benefits of the DCA strategy on Bitcoin but none of the downsides if the price of Bitcoin takes a nosedive. I personally believe that other businesses she was gunning for — real estate and the hair business are perfectly fine as well as long as she execute properly. There are thousands if not millions of people that have made it in real estate business — it's the same with Bitcoin too and that decision should ultimately be up to her.
@SatoPrincess, please don't take it too personal because I think@Outhue did not get the side where the op pointed out the reasons why the lady in question prefers to look good to attract both her male and female clients. Firstly I think any one who's interested in investing in anything business would consider having a stable source of income before thinking about investment and if using the amount you have to take good care of your self as a lady will attract more customers to you then I don't think the lady would even consider choosing bitcoin investment when she can take care of her self and get her clients to seal a deal that would give her funds that she can use to invest with in the future. Looking classy is a good business cause it helps to attract more customers to you depending on your kind of jobs though.
I’m not taking it personal, only stating the obvious here. I can understand where @Outhue is coming from and I’m not attacking him or anything. I’m not happy with the narrative he’s trying to put out and he’s not the only one. Some of the replies here are saying the same thing like @zoomic. I wonder if they read the OP at all. Investing in Bitcoin should not stop you from taking care of yourself. It makes sense to use the money you usually spend on smoking or other vices to buy bitcoins. But when physical appearance plays a big role in your job performance and success, you have to allocate a certain amount of money for it.
She is very ignorant. I know her type, she is only agreeing to invest because of the good things she has been told about bitcoin, if anything goes wrong with her investment, she'll hold OP responsible for her loss. I just hope that the risks involved in bitcoin investment is also well explained to her. It is better she is allowed to do her findings and decide on what she really wants. Invest in her beauty products to look good for men or she invests in real estate or give bitcoin investment a chance. The decision to take should be solely hers because from the post, she doesn't seem to me like one who is willing to risk her money.
It is OP’s responsibility if he failed to explained to her the volatility of Bitcoin as an investment. I have read so many stories of how relationships have been ruined because of partnerships and investments that went wrong. If OP made the mistake of introducing this lady to Bitcoin as a money making tool, then he should expect trouble if her bitcoins is lost or the price drops significantly. 
What's your best advice?
Your opinions are welcomed!
teaching how to use and secure a wallet or create an exchange account and how to use the exchange is not difficult. it only takes a short time. but what is perhaps the most difficult is to make your lady friend understand her mental readiness regarding Bitcoin price fluctuations in the market. For a beginner, Bitcoin price movements in the market can cause panic. and I think situations like that are difficult to convey and understand. beginners need regular assistance to be able to make a Bitcoin investment plan with any strategy. Your opinions are welcomed!
If anyone is arguing like that then she is an ignorant of bitcoin because it is only those who don't know ow anything about bitcoin would argue that way.
She is very ignorant. I know her type, she is only agreeing to invest because of the good things she has been told about bitcoin, if anything goes wrong with her investment, she'll hold OP responsible for her loss. I just hope that the risks involved in bitcoin investment is also well explained to her. It is better she is allowed to do her findings and decide on what she really wants. Invest in her beauty products to look good for men or she invests in real estate or give bitcoin investment a chance. The decision to take should be solely hers because from the post, she doesn't seem to me like one who is willing to risk her money. Jump to: