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Topic: A lady friend, stunned by the brilliance of DCAing. (Read 411 times)

full member
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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.
full member
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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.
hero member
Activity: 1064
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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
jr. member
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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!
sr. member
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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.
DCA through Bitcoin investment will be far better for her than waiting for her money to surge before investing in real estate. Real estate is a physical investment and it is very good but waiting to accumulate the money is the problem because she can spend the money, inflation can affect the value of the money, and theft can also happen due to insecurity; she can use DCA method to save the money on either weekly or monthly basis to accumulate the money, save the money from inflation and invest in Bitcoin because she will definitely profit from it which might fasten her goal for the real estate investment.

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.
legendary
Activity: 1652
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~ 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!

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.
sr. member
Activity: 518
Merit: 364
Rollbit.com
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.
legendary
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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.
hero member
Activity: 1036
Merit: 625
BTC, a coin of today and tomorrow.
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.
sr. member
Activity: 714
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~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.

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.
hero member
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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
full member
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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.
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
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.
hero member
Activity: 952
Merit: 541
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.
hero member
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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.
sr. member
Activity: 616
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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.

You can let her read this if she loves reading Types of Wallets
legendary
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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.

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.

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.
hero member
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~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.

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.
hero member
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@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.
hero member
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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.
sr. member
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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.
hero member
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If anyone is arguing like that then she is an ignorant of bitcoin

That's true, I've also pictured it that when we are used to a particular thing or pattern in life, we see others as irrelevant without knowing that we are too comfortable with the way of doing things as of old, in this generation, things are changing fast, there is nothing as din terms of investment that can be as profitable than what bitcoin could offer its investors, though there are many ways to make money or earn profits, but that of bitcoin now turns a unique one among many other investments.
sr. member
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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. And if anyone wants to invest in bitcoin, it is good to invest in the time when bitcoin is down and not when the price is still high. Even the DCA is good when the price is down so that the person will make profit from the investment.
Many people don't even understand the usage of DCA. DCA is when you don't have enough money to invest at one and you are worker so you can invest little by little either monthly.or weekly.and not to invest when the price of Bitcoin is very high. The. When do you think you sell again. You keep hodling from the time you bought them when the price was high till the market reach the dip, and you still hodling till the market rise again to bull run.
That is wrong investment plan. Good investment plan starts from the dip and when the price enter into the Bull Market, you sell. Most of you are not even using the DCA but just calling it because reputable members are calling it. Don't misuse the DCA but use it at the appropriate time.
hero member
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In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.
How did we get here? You obviously skipped the part of the OP where it said she spends money to look good to attract both male and female clients. So it’s already been established that the lady has a job/career though we do not know what that is. In some jobs appearance can be very important, in others not so much.

@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.
The male attraction part definitely would come with some criticism as my dirty mind is right now pushing towards the negative, the pimp version and all that but hey, men do this business as well and what better way than to look it and have clients wishing to shop the look from your menu. Although, some clients will always want it exclusive but, you don’t get all the strategy in the bag do you.

Maybe it’s just when we are in this forum but, it’s very important that you have other streams of income or own a good business and investing in beauty product isn’t a bad business at the moment. Everyone wants to look good eventually and most especially, women. I’m fact, you would want your woman to lol good else, I wonder what kind of a man you would be. Where else will you be getting those beauty products if not from entrepreneurs like referred in the OP.

Still, it ain’t a bad idea to invest in an abstract Bitcoin as it seems to differ from all that existed before it and a lot that is coming after it. It’s a promising innovation and getting on it seems like a wise choice.
sr. member
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The best advice here is to allow her go for what she thinks would be more better for her. For some of us here, we know the potential of bitcoin and the risks it poses already but people like her will have a different approach to it at this time.

From your post you made it clear you don’t have time and you are likely also not ready to be responsible for whatever that will happen aftermath. Investing in bitcoin is not for everyone and we shouldn’t try to convince them by all means. She has plan for real estate, let her works toward it to avoid putting blame on you later.

I agree with you that everyone should be allowed to choose their investment decisions, I am one of those people that don’t fancy giving out investment advice mostly especially on volatile assets like bitcoin or even Altcoins. Giving such advice simply means you are committing yourself that what ever comes out of the market you wouldn’t abandon Tbilisi investor there.

But regardless of this I wouldn’t recommend someone with low income or capital to dive into real estate because it requires more investment but OP needs to somehow takes a little more responsibility by helping the lady in question in the necessary things needed or his raw information could led her to been scammed. It is a two way something it is either you guide someone fully into cryptocurrency or you totally let them be.
hero member
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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.
Not everyone really knows about bitcoin, some people do hear about it, but they don’t really know how it works. Investment in expensive hair might be more profitable than investing in bitcoin for a short period of time, because I don’t also encourage people to invest in bitcoin for a short period of time. But if your investment is for a long time, then it shouldn’t be compared with investing in expensive hair.
 
Why I don’t really encourage short term investment is that the bitcoin price might not have pumped when you want to sell. Don’t be surprised that you might be at a loss if you want to sell, but if you need a maximum profit, then hold for the long term.

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.
I don’t think we need a big amount of money before we can invest in bitcoin, even with a small amount of money, we can do that. If you are waiting to get a huge amount of money before investing, then you might end up missing out.
hero member
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In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.
How did we get here? You obviously skipped the part of the OP where it said she spends money to look good to attract both male and female clients. So it’s already been established that the lady has a job/career though we do not know what that is. In some jobs appearance can be very important, in others not so much. First impressions leave a lasting mark on our relationships with people and professionals in sales know this and use it as a strategy. Not just women, men too.

@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.
hero member
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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.
If this is what she depend on for daily income then I think it something she has to stick to. It is a good thing for you to introduce bitcoin to her which you also need to make her understand that bitcoin is longterm investment which she can use the DCA method to accumulate bitcoin.  The price of bitcoin is not a problem for new investors, buying bitcoin at its current price can still yield good profit if one habr good patience to hodl.
Bit it will be really good if you make her to have good understanding about bitcoin investment,  she shouldn't think it will make her to gain profit very quickly. If their is better understanding of bitcoin it is possible for her to succeed very well investing bitcoin.
sr. member
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What's your best advice?

She doesn't actually need much to help her accumulate Bitcoins through the dca method. If she is ready to invest you can give her the little knowledge you can to help her get started. Then she can carry out more research about Bitcoin, wallets and how to keep her investment secured. That's all she needs. Gradually she can then add up her investment through the dca. But what ever you do, make sure to tell her about the volatility of the market. That's because I've heard of situations where someone introduces someone to Bitcoin and then when the market experience some dip, they start pointing fingers and blaming you or even accusing you of scamming them.
hero member
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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.


Maybe she have to consider the safety first for all of these assets of investment and the elasticity of its market demands before drawing on a conclusion about them, quite alright we may be doing a business which is fast moving and selling well, but all these may be on season and we don't know if they may still be invoke for long, we also can consider their physical handling and the associated risk as one of the way it could pose a danger to investors, fire, thief, or rough handling could turn everything round about to lose, there is no security measure against all these, like we could do with our bitcoin asset on the blockchain.
legendary
Activity: 2058
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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?
You mean a crypto wallet, not account, a crypto account is in a centralized platform and it is never safe to keep your coins in a custodial wallet. If this woman you are talking about wants to buy bitcoin, she has to learn about bitcoin herself, if she has to depend on other people to secure her money for her, she might lose it. The simple answer is that she should not buy bitcoin until she understands it and is ready to be responsible for her security.
hero member
Activity: 966
Merit: 701
In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.
How did we get here? You obviously skipped the part of the OP where it said she spends money to look good to attract both male and female clients. So it’s already been established that the lady has a job/career though we do not know what that is. In some jobs appearance can be very important, in others not so much. First impressions leave a lasting mark on our relationships with people and professionals in sales know this and use it as a strategy. Not just women, men too.
hero member
Activity: 1036
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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.
sr. member
Activity: 504
Merit: 309
Investment doesn't stop anybody from looking good, a lady can spend money to take care of herself to look beautiful and invests some of her money. This is why it's important for income earners to have budget for their expenditures, they will prioritize their needs according to their importance. If buying beauty products is of a higher priority to her, it's her money, and she can choose to invest some of it in Bitcoin.

Bitcoin is one of the best investments that anybody can go into, you don't need to buy 1 Bitcoin before starting. You can do DCA method and grow your funds to as many Bitcoin over a long period of time. Since the OP has started by telling the lady about Bitcoin DCA method to start her investment, he can find time to guide her through if she's interested or direct her to helpful sites to learn about Bitcoin.
full member
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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 with 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.
 
If you can create the chance to talk her into considering investing in crypto using the DCA method, what's the big deal if you give out a small fraction of your time in showing her how to create a simple wallet that she will use in buying her crypto?

And maybe you should become specific with your choice of words when you advise her to DCA crypto as against her other choice of asset. You should give her the core detail that she needs to DCA BITCOIN and not just crypto so she doesn't just go on to stack the wrong coin thinking it's certainly going to be profitable for her.

For most ladies that are into buying wear and fashionable stuff, you have to be careful while introducing them into an investment as Bitcoin is best looked at from a long-term point of view. It's not all of them that will be patient enough to continue HODling their asset for the required number of years so it would be better that if you've looked at her and noticed she's that type, you let her be and don't ever force her into getting into an asset she's not all that interested in.
sr. member
Activity: 406
Merit: 232

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 so much time to teach her the basics of Bitcoin accumulation. The process of setting up a wallet and buying Bitcoin from exchanges is straightforward. It took me less than an hour to teach a relative about wallets and she understood the process perfectly. Just sacrifice a few hours to educate her about the process and refer her to reputable YouTube channels where she can watch educational videos. Many good materials on the internet can help her gain more knowledge without your assistance.

Sure setting up a wallet isn't that difficult or stressful but about buying Bitcoin from exchanges needs thorough study in order for her not to make mistakes because i recalled when I started making use of exchanges, despite several times I was thought on how to go about it, I still found it difficult but what helped me was YouTube channels just like you suggested. Watching YouTube videos and understanding the step by step on how to buy Bitcoin with Fiat. Though it's depends on individual as some people can smartly capture the whole process immediately.

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I also suggest that you expose her to the types of wallets and how to secure them. She also needs to know that Bitcoin is a volatile asset, hence nothing is certain. Allow her to always reach you to ask questions or to seek clarifications.

Exposing her to the type of wallets may be too early, I think what she ought to know at that stage is how to secure her seed phrases then it's also important for her to understand Bitcoin volatility so that she won't feel misled if she starts experiencing such then as time goes he can be putting her through on other things she needs to know so it's not something to rush.
hero member
Activity: 966
Merit: 701
Not to be defensive but I don’t think it is wrong to dress or look good especially if she works in a place where physical appearance is a major factor in her closing deals. That being said, I applaud you for educating your friend on the importance of having investments. Her concerns are

You can recommend Andreas Antonopoulos YouTube videos to her so she can watch and learn about what she is investing in. I strongly advise against you creating a exchange account or wallet for someone because you will be doing them more harm than good. When introducing a newbie to Bitcoin, do not forget to teach them the importance of self custody.
sr. member
Activity: 686
Merit: 403
I knew two types of female friends that are into crypto investment.

Let's call my first friend Anu, I've knew her since Bitcoin was launched into the spotlight back in 2010 and as a religious person she is she doesn't care about men at all, she was one of the few that started very early with Bitcoin investment, till date she is doing well for herself, and she is married now.

The second friend likes investing as well but she spend most of her money on her body, always worrying about how men should found her attractive, but true be told, she is now a single mother, she invest in Bitcoin too but not a big fan like how Anu handled her investment, the little Bitcoin my second friend has was like forced on her to make the decision since we are all friends.

In today's world, women should push aside spending too much on how they look, today's men cares more about value women, looking good is a thing but women of value do more than just looking good for men, they have their things going for themselves, because we are now in a world where men can't always do it all.

hero member
Activity: 2366
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Bitcoin = Financial freedom
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 up a wallet is not rocket science, at first it may seem too much for a non techie but it's just simple and anyone who is capable of operating a smartphone won't be facing difficulties with maintaining a wallet but once the accumulated funds reaches certain range like 5K or whatever that is too big to hold on hot wallet then it's time for her to move to cold storage.

The best thing you can do is just introduce her to bitcointalk and she will learn things over time.
legendary
Activity: 1414
Merit: 1108
Some people have the vague idea that Bitcoin is over priced and as such, it’s not affordable to the common people.
Another problem is that, it’s a digital currency, exists on the web and as such, it ain’t real or is supposedly not going to be around for too long.
Some others don’t give it much attention because, the government don’t and as such, it’s bound to be taken down some day.

Well the truth is,
What builds the wealth of the rich is dating to take risk in the midst of uncertainties. It doesn’t mean that you don’t get to evaluate what is before you but, you ensure to do that and be optimistic in the opportunities you find.

I wouldn’t talk down on the lady’s choice of an investment, in fact, I’ll encourage here to be purposefully in what she does and she would get better.
Then, I’ll tell her what I tend to know of Bitcoin without bringing her now business into contrast, maybe encourage her to make little investments in it when she actually can from her spa or cash and use holding for a strategy.
legendary
Activity: 994
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Lightning network is good with small amount of BTC
Women need to get married faster than men because 40 years old women is really risky to give a birth, this make women need to be pretty in order to attract men, pretty women high likely will get married by rich men.
Women taking care of themselves does not mean they are very pretty. Also how about women that are not very pretty? There a lot of women that are getting married at young age if they are lucky and also use their sense.

Rich men can provide many thing to you, so women don't have to invest for long term purpose.
Yes but some women are also rich. It is possible that the a woman can be able to afford to take good care of herself and also be able to invest in bitcoin. It is also not good to be 100% financially dependent on a man.

However, to answer your question, it's better to not being involved with her or anyone else when it comes to financial.
Why not? Just let her know how risky crypto is. The bull and bear market. Possibility of using small amount of money to invest on crypto assets. How bitcoin remain less volatile and the best coin to go for. Also how many coins are scam and worthless.
hero member
Activity: 868
Merit: 628
It's better for woman to invest in herself.

Women need to get married faster than men because 40 years old women is really risky to give a birth, this make women need to be pretty in order to attract men, pretty women high likely will get married by rich men.

Rich men can provide many thing to you, so women don't have to invest for long term purpose.

However, to answer your question, it's better to not being involved with her or anyone else when it comes to financial.
sr. member
Activity: 700
Merit: 348
The best advice here is to allow her go for what she thinks would be more better for her. For some of us here, we know the potential of bitcoin and the risks it poses already but people like her will have a different approach to it at this time.

From your post you made it clear you don’t have time and you are likely also not ready to be responsible for whatever that will happen aftermath. Investing in bitcoin is not for everyone and we shouldn’t try to convince them by all means. She has plan for real estate, let her works toward it to avoid putting blame on you later.
legendary
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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.
~snip~


If a woman wants to look beautiful and classy, ​​I don't see anything strange about it - on the contrary, I think it's something positive if a woman takes care of her appearance, especially if she works in a place where personal appearance plays a big role. If it follows from her investment in herself that she can make money from it, then I personally would never tell any woman "don't invest in yourself, invest in Bitcoin".

Furthermore, there are people who are quite careless and irresponsible, for them it is better not to come into contact with risky investments - so my advice is to let the lady look nice, and you invest in Bitcoin Wink
full member
Activity: 882
Merit: 207

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 so much time to teach her the basics of Bitcoin accumulation. The process of setting up a wallet and buying Bitcoin from exchanges is straightforward. It took me less than an hour to teach a relative about wallets and she understood the process perfectly. Just sacrifice a few hours to educate her about the process and refer her to reputable YouTube channels where she can watch educational videos. Many good materials on the internet can help her gain more knowledge without your assistance.

I also suggest that you expose her to the types of wallets and how to secure them. She also needs to know that Bitcoin is a volatile asset, hence nothing is certain. Allow her to always reach you to ask questions or to seek clarifications.
That would require I make out time to render such attention and assistance of which is a major concern because we share same relationship status and don't live very close to each other.

Am sure though that it would help her much if I can set up the account and be more expressing in making her understand the ins and outs of cryptocurrency investment, mostly as it concerns adoption of a strategy called DCA.

I still welcome better opinions that wouldn't make me the focus or tutor that she can run to because am more or less too engrossed in my life's work and choice of relationships, so as to avoid any form of entanglement or sentiments that may arise from such an association.
legendary
Activity: 896
Merit: 1020

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 so much time to teach her the basics of Bitcoin accumulation. The process of setting up a wallet and buying Bitcoin from exchanges is straightforward. It took me less than an hour to teach a relative about wallets and she understood the process perfectly. Just sacrifice a few hours to educate her about the process and refer her to reputable YouTube channels where she can watch educational videos. Many good materials on the internet can help her gain more knowledge without your assistance.

I also suggest that you expose her to the types of wallets and how to secure them. She also needs to know that Bitcoin is a volatile asset, hence nothing is certain. Allow her to always reach you to ask questions or to seek clarifications.
full member
Activity: 882
Merit: 207

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!
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