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Topic: Digital Bitcoin Classes Ongoing. (Read 438 times)

jr. member
Activity: 36
Merit: 23
January 11, 2025, 05:01:23 PM
#60
...I will pm you for more technical knowledge.
Instead of PMing users individually, it's better if you ask your questions publicly either in this thread or any other. No matter how much knowledge or experience any one individual has, they might still suggest or say something that is wrong or there could be a better way to do things. Keep the discussion public. That way you will have more people checking the answers and being on the lookout for mistakes.
I agree, there are also users in the forum that will also take help from his lessons, particularly myself will love to grasp good knowledge about the technical side of Bitcoin.

That being said, I still think that in the long run, you might get blamed if the Bitcoin market turns bearish. These people who give you money might not know much about it, so they delegate their decisions to others. If things go south, they might panic and blame you, which could cause you stress. This is just a possible scenario, though - it’s up to you to take it as advice or not.

I also believe OP is not a newbie and he well understands the next action to take at the perfect time. OP won't be holding their investment for long, since they already kick start the class, when there becomes existing knowledge among them he certainly knows how to disburse the whole Bitcoin portfolio back to the owners to privately secure their profits.
hero member
Activity: 1540
Merit: 772
January 11, 2025, 03:27:16 PM
#59
I know you because of the class you created to educate people around you. Now you are continuing again and I am happy to know this.
If you only explain one, the result will be flawed. With the experience and knowledge you have now because you are among great people, I am sure you can be the right teacher for them.
I hope you will be by everyone's side and help everyone.
Almost everyone's desire is to be able to do it happily as long as there is an opportunity because doing good deeds like helping people will not lower the status of the perpetrator and will not exhaust the knowledge they have.
Instead, it increases and improves because from them we gain new knowledge and new experiences.
Hopefully you can. You must be able to too.
full member
Activity: 162
Merit: 104
January 11, 2025, 03:26:13 PM
#58
...I will pm you for more technical knowledge.
Instead of PMing users individually, it's better if you ask your questions publicly either in this thread or any other. No matter how much knowledge or experience any one individual has, they might still suggest or say something that is wrong or there could be a better way to do things. Keep the discussion public. That way you will have more people checking the answers and being on the lookout for mistakes.
I actually wanted to reply this as well before reading few comment to see whether it has been suggested by others. Usually this is a discussion forum and there is nothing hidden over here and we can just talk about it openly and let people give their best ideas, maybe if i didn't get it rightly then the next person may correct me for my mistakes. By the way, with what he has put so far, i don't see any wrong provided those people are getting knowledge required and they don't lose their investment if they follows instructions from him.
?
Activity: -
Merit: -
January 11, 2025, 01:05:54 PM
#57
In as much as this would be a way for them to become more serious it's way too risky to deal with beginners like this. Even as an expert you can still make some errors, personally, I think everyone should be responsible for their mistakes, trading for newbies can come with some discomforts. My idea on this is to continue with those that show interest without trying to convince them to invest, if the knowledge you shared with them isn't free then you shouldn't be worried about whether they make an investment or not, you should just be focused on lecturing and developing them, how they invest is up to them.
I personally think those who are old investors should help the new ones.  And instructions should be given as to how the newcomers should invest.
sr. member
Activity: 504
Merit: 300
Sibi Dabo,,,,,,, Teme Ini Na Sime
January 11, 2025, 11:17:24 AM
#56
In as much as this would be a way for them to become more serious it's way too risky to deal with beginners like this. Even as an expert you can still make some errors, personally, I think everyone should be responsible for their mistakes, trading for newbies can come with some discomforts. My idea on this is to continue with those that show interest without trying to convince them to invest, if the knowledge you shared with them isn't free then you shouldn't be worried about whether they make an investment or not, you should just be focused on lecturing and developing them, how they invest is up to them.
sr. member
Activity: 630
Merit: 277
January 11, 2025, 10:38:05 AM
#55
After sometimes in my analogue bitcoin classes in some schools around my area. On the second quarter of last year, I received some calls from friends and relatives and others to teach them bitcoin online and I agree to teach them also asked them to invest. But many of them didn't invest after the classes, so what I am doing right now is to asked them invest some amount of money before I start the teaching.

OP you've done well in spreading the knowledge about Bitcoin and for aiding the mass adoption of bitcoin. But i'm just wondering, why would they invest so much time learning and still not be motivated to invest? In my opinion, I think investing in bitcoin should be something that should be done willingly by the individual. With all you've been teaching your students, anyone who is really interested in the classes and bitcoin would gladly bring out money to invest even without being asked to do so. Could it be that they are scared of taking risks or that they do not have confidence in bitcoin yet? I would love to see them more confident in their investments so they can take decisions even when you're not there.

You are doing a great job. Personally, I will not persuade anyone to invest,  especially those who after learning still didn't see the need to invest. I have done my part, they should help themselves.
member
Activity: 66
Merit: 4
January 11, 2025, 10:14:20 AM
#54
It is even a wrong approach to ask them pay any amount they want to start their investment. Perhaps, giving them knowledge about bitcoin is okay then except anyone amongst them WILLINGLY accept to invest on their own conviction without it being a kinda persuasion from you. I can only teach anyone about bitcoin but cannot persuade them to invest because human have different understanding and they might feel there is some kind of benefits you will get while trying to convince them to invest and it will even appear as if you are desperate for them to invest which some person can misinterpret it that you have a hidden agenda.

Some of them can misunderstood you to be like platforms that offers bonuses for referrals, so by enticing them to invest they will feel that you will get some rewards.
Lolz 😂😂😂, I told you that you don't understand the thread or the particular clause in the thread. I said, I invest for them" meaning when, I told them to download Electrum Wallet and exchange and told them to deposit a specific amount to my account and in return I send Bitcoin to their wallets and the coins are not in my wallet but in their wallets and proper teaching take place. And since they are learning with the practical aspect from the onset, they learn well and they are seeing their bitcoin in their wallets. So I don't have anything with their investment and all want I do is to guide them and be their instructor.
the OP failed to see what your agenda was , but anyways it's alright.
I love what your platform is doing, people need to become more aware of Bitcoin and the strategy you use in enlightening them is really good. Kudos
legendary
Activity: 1106
Merit: 1372
January 11, 2025, 09:50:33 AM
#53
It is even a wrong approach to ask them pay any amount they want to start their investment. Perhaps, giving them knowledge about bitcoin is okay then except anyone amongst them WILLINGLY accept to invest on their own conviction without it being a kinda persuasion from you. I can only teach anyone about bitcoin but cannot persuade them to invest because human have different understanding and they might feel there is some kind of benefits you will get while trying to convince them to invest and it will even appear as if you are desperate for them to invest which some person can misinterpret it that you have a hidden agenda.

Some of them can misunderstood you to be like platforms that offers bonuses for referrals, so by enticing them to invest they will feel that you will get some rewards.
Lolz 😂😂😂, I told you that you don't understand the thread or the particular clause in the thread. I said, I invest for them" meaning when, I told them to download Electrum Wallet and exchange and told them to deposit a specific amount to my account and in return I send Bitcoin to their wallets and the coins are not in my wallet but in their wallets and proper teaching take place. And since they are learning with the practical aspect from the onset, they learn well and they are seeing their bitcoin in their wallets. So I don't have anything with their investment and all want I do is to guide them and be their instructor.
member
Activity: 75
Merit: 16
January 11, 2025, 07:45:57 AM
#52
Would never tell anyone to buy coins, certainly not with my help, nor promise profit (which you did). That aside, I have to ask: why did you invest it for her? Why not teach her to open her own account, and how to buy her own coin? Gotta teach a man to fish, not buy the fish from the market for him, no?

Completely agree with you buwaytress .

@Agbe , when you’re encouraging people to invest in Bitcoin and charging a fee for it, it doesn’t look good because it’s like you’re guaranteeing their investment will grow. For sure you have seen how Bitcoin’s cycle works, it’s still unpredictable, which is why it’s called a speculative market. It’s tricky because the market isn’t bullish every day, and there are always risks involved. Setting the right expectations is important to avoid misleading anyone.
I don't know if you understand me. I don't charge any fee from them but I asked them to pay any amount they can afford to start the investment. Which I am using to invest for them for them to be serious. For proper understanding I will edit that clause. Again I am not taking anything from them please don't misunderstood me.

It is even a wrong approach to ask them pay any amount they want to start their investment. Perhaps, giving them knowledge about bitcoin is okay then except anyone amongst them WILLINGLY accept to invest on their own conviction without it being a kinda persuasion from you. I can only teach anyone about bitcoin but cannot persuade them to invest because human have different understanding and they might feel there is some kind of benefits you will get while trying to convince them to invest and it will even appear as if you are desperate for them to invest which some person can misinterpret it that you have a hidden agenda.

Some of them can misunderstood you to be like platforms that offers bonuses for referrals, so by enticing them to invest they will feel that you will get some rewards.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
January 11, 2025, 05:44:43 AM
#51
Why don't you, OP, just invite all these people who want to learn about Bitcoin to this forum? It seems to me that there is a great advantage here to getting the right knowledge and communicating directly with all these people you are going to write PMs to. Besides, if we talk about those people who do not have a job, or who do not have constant access to the Internet, is it convenient for them to attend your lectures online at a convenient time for you? Of course, I welcome your desire to help people with the dissemination of knowledge about Bitcoin, but in my opinion, forcing them to immediately invest in something that they, being newbies, do not know how to properly store or buy at a price that may seem high, is too imprudent.  I always invite people to this forum, and then they bear full responsibility for their knowledge and their investments themselves. Isn't this what Satoshi called for?
member
Activity: 112
Merit: 61
January 11, 2025, 02:57:05 AM
#50
Okay let me explain it in detail. As the second image I have uploaded clearly shows that, I thought the guy everything he wanted to know about bitcoin investment. Asked him to download both self-Custodial Wallet and exchange or face to face to buy bitcoin and after everything, he just abandoned everything and do business. So I have to change methods. It is only those who are in the teaching field understand what I am saying and not those who are only telling people to invest in bitcoin. Let me tell you again, in teaching there are many approaches and the one that the students understand is the best to continue. So if this method is not good enough I will still change it. Telling them to invest has nothing to do with the teaching but to encourage them to invest and be serious about the investment. And as it is, I have more than 30 students that are serious and investing in bitcoin through my help and teaching. When a student does well, I am happy as well. I don't force anyone to invest. If I tell someone to invest and he didn't, I leave until he is ready. But if they asked me any questions on cryptocurrency I still answer them. There is different between telling someone something and teaching them. Guy you are not in my shoe so you won't understand. When they see bitcoin in their wallets and you teach them from there, they will understand it even the more. Even in the investment process I show them everything.
Don't worry, I'm not judging you nor what you do, it's your choice. I do believe that you have good motives behind this move, and honestly it's a decent intiative, it's just that from what I've observed, these people haven't grasped the idea of cryptocurrencies, thus, it's safe to assume that they don't understand how Bitcoin works. Not only as an investment, but as a currency and its whole purpose, what blockchain is and how transactions work, it's much more complicated than what you can actually show them. Anyway, I wish you good luck and be careful, it would suck having someone blame you for their mistakes.

Yeah you are right, the people really don't understand what is Bitcoin and how it works and how is possible to benefit from investing in Bitcoin, there was I time I tried explaining to some set of people what Bitcoin investment was all about they find it so hard to understand and because of that they lost interest on it, now it will be very difficult when you want to tell people who are not versatile or globally inclined about Bitcoin, the worst of it is when you want to tell people who don't have access to online about Bitcoin and how it works, a lot of people still don't know what Bitcoin is all about and that is one of the reasons I always say Bitcoin still has a long way to go, a time will come when Bitcoin will be known to a lot of people in the world and when they start investing in it that is how Bitcoin will become more valuable and the price will keep rising.
@Agbe you are doing I very great job, you are now part of the people in the world spreading the Bitcoin News to the world, keep doing this great work, I know is not an easy one especially teaching people who have zero knowledge about cryptocurrency in general however with consistency and patience you will achieve it.
sr. member
Activity: 182
Merit: 120
January 10, 2025, 06:29:58 PM
#49
Not a bad idea, it’s one that could have positive effects in your area to go by that. Commitment is one way to get people’s attention towards a course. When there money is invested in it, they tend to follow the teachings as, they have what they stand to lose if they don’t.
Let’s hope they could manage and hold because, that’s where you’ll find the hassle. Everyone would be in it for the gains and have their hearts beat with the charts. You would need a way to discourage them from keeping tabs on the charts and an understanding that they shouldn’t be expecting a 100% increase.
This sounds like a pressure and I will not love for anyone to pressure my thinking or stress my mental health just because I want to invest. Op already stated a clear and simple fact “long term investment” with just this word the person can make their decision either investing or ignore besides there’s no such as lose with a long term plan. From my view there’s no pressure either from both parties, I guess the person in question knew earlier what bitcoin is all about having a cool intention to buy is absolutely encouraging definitely teaching about bitcoin investment is difficult while sometimes along the journey some might quit.
hero member
Activity: 1778
Merit: 907
January 10, 2025, 02:12:38 PM
#48
Okay let me explain it in detail. As the second image I have uploaded clearly shows that, I thought the guy everything he wanted to know about bitcoin investment. Asked him to download both self-Custodial Wallet and exchange or face to face to buy bitcoin and after everything, he just abandoned everything and do business. So I have to change methods. It is only those who are in the teaching field understand what I am saying and not those who are only telling people to invest in bitcoin. Let me tell you again, in teaching there are many approaches and the one that the students understand is the best to continue. So if this method is not good enough I will still change it. Telling them to invest has nothing to do with the teaching but to encourage them to invest and be serious about the investment. And as it is, I have more than 30 students that are serious and investing in bitcoin through my help and teaching. When a student does well, I am happy as well. I don't force anyone to invest. If I tell someone to invest and he didn't, I leave until he is ready. But if they asked me any questions on cryptocurrency I still answer them. There is different between telling someone something and teaching them. Guy you are not in my shoe so you won't understand. When they see bitcoin in their wallets and you teach them from there, they will understand it even the more. Even in the investment process I show them everything.
Don't worry, I'm not judging you nor what you do, it's your choice. I do believe that you have good motives behind this move, and honestly it's a decent intiative, it's just that from what I've observed, these people haven't grasped the idea of cryptocurrencies, thus, it's safe to assume that they don't understand how Bitcoin works. Not only as an investment, but as a currency and its whole purpose, what blockchain is and how transactions work, it's much more complicated than what you can actually show them. Anyway, I wish you good luck and be careful, it would suck having someone blame you for their mistakes.
?
Activity: -
Merit: -
January 10, 2025, 12:16:39 PM
#47
I always explained both the risks and the benefits in the class so everyone is aware. In most time we use google meet for the virtual meeting (classes) for easy presentation and Whatsapp for chatting classes because meet consume Internet data.and not all the participants can buy enough Internet data to browse. My friend sister at UK also chatted me up to teach her and we did that class last year too. And base on the technology, online classes are more interesting than offline School Classes.
I know you because of the class you created to educate people around you. Now you are continuing again and I am happy to know this.
If you only explain one, the result will be flawed. With the experience and knowledge you have now because you are among great people, I am sure you can be the right teacher for them.
I hope you will be by everyone's side and help everyone.
hero member
Activity: 1540
Merit: 772
January 10, 2025, 11:55:34 AM
#46
I always explained both the risks and the benefits in the class so everyone is aware. In most time we use google meet for the virtual meeting (classes) for easy presentation and Whatsapp for chatting classes because meet consume Internet data.and not all the participants can buy enough Internet data to browse. My friend sister at UK also chatted me up to teach her and we did that class last year too. And base on the technology, online classes are more interesting than offline School Classes.
I know you because of the class you created to educate people around you. Now you are continuing again and I am happy to know this.
If you only explain one, the result will be flawed. With the experience and knowledge you have now because you are among great people, I am sure you can be the right teacher for them.
sr. member
Activity: 2590
Merit: 452
Enjoy 500% bonus + 70 FS
January 10, 2025, 11:52:03 AM
#45
Your intention is very good and it is appreciated, but I would prefer to just teach without forcing or asking them to invest either directly or by entrusting their money to me to buy coins. Teaching them but if they don't start investing is not a failure because everyone has a different perception, but you should still teach them without asking them to invest so that when they invest the results are from their own intentions and also because they understand the risks so that when they lose they don't blame anyone.
I agree with you, because we don't want to be blamed if the investment they make is not as expected. Because the price of Bitcoin is not easy to predict and this is one of the things they must know because many factors can change it and these factors we do not know in advance, and this problem must be explained according to previous experiences or problems and anticipate the future that is likely to happen unexpectedly or beyond predictions and try to convince and also tell what to do and what to do because they will definitely panic which has the potential to make the wrong decision. So it would be better if they want to jump into Bitcoin of their own will or initiative, and with this you only need to tell or explain according to your abilities and if there are some people like that you can do or create Bitcoin education because of their curiosity and you can seek help from experts to help you. And I think if all of that happens of their own accord, you will feel comfortable without any pressure when giving them all the knowledge about Bitcoin, and besides that if you need help or want to ask a friend or someone who is more expert, surely an expert will ask whether they want to jump into Bitcoin of their own accord or because there is an invitation, because they also don't want to be blamed or make people lose because Bitcoin is indeed not easy to predict which will have negative potential when negative things happen unexpectedly because they don't have any experience.
sr. member
Activity: 392
Merit: 277
January 10, 2025, 10:54:46 AM
#44
But many of them didn't invest after the classes, so what I am doing right now is to asked them invest some amount of money before I start the teaching. And in the process of the practical aspect of it, I will use the money to invest for them so they can be serious on the investment. And since some of them are Civil Servants and Unemployed combined I advised them to purchase weekly and monthly as DCA method of it.
this is a good initiative but the only issue i have with it is telling them to invest before leaning. think considering the extent of volatility of the market, investing should come at the time the individual has understood a lot about bitcoin investment, and they should have enough knowledge to the extent that they can buy bitcoin comfortably and would not need your help before doing so. so far, bitcoin has been pretty stable around a certain range of price and even if it takes them three weeks to get the knowledge first before even investing, nothing much would have changed about bitcoin price.

if i put myself in their position, i might not be too comfortable investing when i have not learned that much and if i put myself in your shoe, i would not like to put myself in a spot where i have to answer a lot of questions when their investment is taking too long to yield expected returns though at the end, it depends on the kind of individual you are dealing with and how matured they when it comes to dealing with staying patience for a long term investment.

bitcoin education will help in facilitating the rate and speed of adoption of bitcoin globally and by educating the people around us on how bitcoin works and how they can key into it numerous advantages of owning bitcoin, we play a good role in exposing bitcoin to more people which is a plus to the bitcoin ecosystem.
hero member
Activity: 966
Merit: 519
January 10, 2025, 10:40:09 AM
#43
As for the $60k, as you said it was a mistake. And it was written $60 which is equivalent to #100k in my local currency as of the time of the investment. Thanks for the notification.

I like being in charge when it comes to anything that has to do with money, because on several times that I tried leaving someone else to be in charge, they messed up because of greed, so for you to have decided to take the financial commitment as a sign of readiness and motivation to them since they are newbies, it makes sense at least this will force them to remain on the tracks of learning and monitoring the portfolio.


Ops you have done well and from all that I read from this I can see that you have failed to take serious steps on your risk management, I would advise you that you shouldn't promise them anything like potential profits or losses, just let them know the market and teach them through and you play the role of mentor to them.
hero member
Activity: 770
Merit: 536
Hope Jeremiah 17vs7
January 10, 2025, 07:13:34 AM
#42
-Snip-
I get it was an unfortunate disappointment for both of you, when his laptop was stolen, if he is telling the truth, since he can still chose to invest later on if he is really interested. Anyway aside that, please don't forget to cover the profile pictures of those you communicate with when sharing the chat online.

I see that you are doing this in good intentions. But instead of buying Bitcoin on their behalf, I would show them which exchange they can use to buy coins and which wallet they should store them in. If they are serious about investing in Bitcoin then they can do these two things easily. Then you can continue classes with them. If they can't even do these two simple things, don't waste any more time with them.
In Nigeria, it can be easier to buy the bitcoin from a trusted vendor than using any CEX for the p2p, he can act for the main time as a trusted vendor for them to get the unit of bitcoin they wish to buy and then also lecture them about the risks around p2p and why they should be careful on who they buy or sell for and best way to go about using CEX for p2p.
sr. member
Activity: 728
Merit: 412
OrangeFren.com
January 10, 2025, 07:05:00 AM
#41
From what I can understand here I see OP has a very good intention to teach people around him about Bitcoin or investing in Bitcoin. That is something I really respect. And from some of the replies from Bitcoin experts and those who are already reputable in this forum, for some reason I think the people you teach should invest on their own terms and at their own risk. Sorry if I am wrong but I think accepting money from them to invest does not make them understand the benefits and risks of crypto investment better.

And about investment I agree with @Darker45 and @EFS, investment is not for those who still can't meet their basic needs. Sorry if anyone is offended but I think investment is you using your cold hard cash and not the money you should be using for your daily needs. Last point, as @EFS said, you just show them the basics like creating a wallet and trading on an exchange. After that you can filter out people who are serious about learning or not.
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