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

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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?

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.

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.

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.

I hope you will be by everyone's side and help everyone.

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 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.

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.

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.

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.

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.

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.

I agree with your advice. "Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime" is a similar advice.

If they want to invest in Bitcoin or just want to have experience with Bitcoin blockchain, they must do things by themselves: buying, storing, recovery, selling. It is important for them to learn and practice with their money.

Another big reason to don't do this, is if they don't experience steps by themselves, they will blame everything on you if you make mistake. By experiencing it, they will know about risk, loss like small or big, and knowing that it's risky in every step, and they can sympathize mistakes of others.

It's their money, and you should never do anything with their money on behalf of them.

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.

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.

We won't see the full picture anyway - but as I saw from the threads @Agbe mentioned, he is a reputable member of the space and can be trusted. I do hope everybody involved in the courses would get the most out of them and be ready to face the market with more knowledge under their belt.

The image doesn't say much to me; I'm not claiming to be an expert; quite the opposite, my knowledge is quite limited on the technicalities of Bitcoin. As @Darker45 already mentioned, you're telling them to invest in something they have zero knowledge in. Teaching them about Bitcoin is unimportant at this point, as you're basically not teaching them what it is but showing them how to set up their wallet; they don't know why they need a wallet, what it is, or how it works. Most importantly, they don't actually know what cryptocurrencies are. You can't start telling them about Bitcoin when they hardly know what cryptocurrencies are, let alone telling them to buy.

Bitcoin isn't for everyone, and so are investments, trying to persuade yourself and others of the opposite isn't going to end well.

DCA + a stable income + responsibility and knowledge  => great time on the market  I do agree with your points.
In any case, your cause is noble, OP.

Many believed that, when they invest in bitcoin their money is lost like ponzi scheme, so I used to tell them their funds are not lost to the air, it is in the wallet and whenever they need it they can get. and if they want to get it when the market is on low price, it is for their own risk. and I explain all that to them. please read the op well, you will understand more.

I would never advice a new in crypto to invest first before knowing anything about crypto and bitcoin and full risks involved. when you first said about investment. I thaught you are talking about your charges of teaching them about bitcoin. but then i realized it is about investing in crypto.
No matter how much you clarify them and tell them the risks factors. they gonna come back to you and hold you questionable anytime they lose their money. so I suggest you to first properly educate them about crypto. then let them decide by themselves if they want to invest or not.

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 might not agree with your approach.

You're practically asking them to invest in something they know nothing about. I'm afraid that's one of the top Don'ts in investment 101. Your method forces them to invest first, learn later. What if they aren't convinced after your sessions? What if they don't like Bitcoin as an investment after your sessions are over?

Secondly, some of them are unemployed and you're teaching them investment, long-term investment at that? That seems misplaced. They can't even afford mobile data.

The reality is that Bitcoin isn't for everybody. Investment, in the conventional sense, isn't for everybody. Those who can barely eat 3 times a day should avoid investing in Bitcoin. Those who can't provide a decent shelter for the family, education for the kids, comfortable clothing, and so on have no business putting money in Bitcoin.

Bitcoin investment should come from surplus. It's money one can afford to lose.

Bitcoin investments never works successfully with unemployed users because at some point in time, they may need you to withdraw them back their money for their upkeep. Civil servants are pretty much good for your journey in as much as they keeps on receiving monthly income to consistently purchase Bitcoin at certain percentage of their income.

Investing in Bitcoin works more better if investors get other means and streams of income so they wouldn't mind if the value of their assets is depreciating, every dip gives them the opportunity to even buy more but the unemployed can't meet up.

It's a laudable enterprise you have ventured in enlightening people of your community about bitcoin, particularly the young people but where am concerned about your decision of having to do the investment for them using their own money they give to you.

Why not allow them do that themselves, somehow they could learn better as it's said practice makes perfect. Let them practice what they have learnt it will help them gain a better experience. But before then it will be great you encourage them to do their own research addition to what you have taught them that they may very well understand the risk involved with the market volatility.

Lastly, in the image you shown, somewhere in your chat, you told your student that they can get back their money anytime they want it back. I think that's not the right way to put it, because what if they need the money when the market is in a dip after buying. What do you think may happen?

please you can read from the image below. I am not an expert of bitcoin like you guys but trying my best. you can reread my OP, for more understanding. I said i will pm some experts for more knowledge.

I like your opinion, knowing fully well that cryptocurrency are risky due to their volatile nature, i will also not try to persuade anyone to buy any coins even if it is bitcoin. The only thing i can do is to educate them on the good, the bad and the ugly side of investing on cryptocurrency then it's left for them to decide whether to buy and invest after which i will also guide them on how to open their own wallet and how they can purchase coins because if you do everything for them like opening the wallet for them, if they become careless and expose their seed phrases to scammers and they wipe their coins you will be the first suspect since you were the one that open the wallet for them.

I agree. I don't know how knowledgeable the OP is to be teaching Bitcoin classes, I'm not going to judge that (yet) and I'm going to stick to how he's operating. If I were you, I'd explain the principles of Bitcoin, how to download a wallet and set it up, how exchanges work and how you can set up your account, with a step by step process on how to buy and how they work in general.

You, buying them Bitcoin and simply telling them to be patient isn't going to cut it, you'll be flooded with messages the moment a price correction occurs, because from what you've posted at least, they have extremely limited knowledge and they're going to panic. I don't know, but this method of approach is similar to how people in ponzi's and pyramids approach you.

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.

That was what I was doing but 98% would take my effort for grounded. I will up load an image for you to see how someone guys play with my intelligence. Check the image below.


It is good to say it and I was also on that part until I encountered them on the public and since I want people to know and invest in bitcoin and I want those who attended my classes to invest so I ask them to invest before proper class commences.

It is not by force and it is only for those who are interested. I want them to benefit from my classes. So they need to invest so we can learn more from there.

It is only those who are really teaching and telling people how to invest understand my message and point. Many people don't understand until they went out to the public to preach the good news. You can see this image below.



[/quote]
This was a guy I thought would invest from my online classes but he told me that his laptop/phone were stolen and he left the investment. All these are good examples of some people to understand my point.

I understand your whole idea of people procrastinating rather than investing after your previous classes, which will really be frustrating or disappointing.
I know you already have plans of making them learn about the essence of not your key not your coin but I think you can maybe try this method:
Telling them to send you the money and then you directing them in getting a secure bitcoin wallet and explaining the dangers of them reviewing their seed phrase or private key to or anyone else, except those they really trust, in the aspect of next of kin. After all this you can just buy the bitcoin directly to their own wallet and then maybe with time they may decide to even accumulate more even without you buying it for them.

Once you have been loaded with information and minimum required knowledge about bitcoin and then willing to discharge to others who will be interested in learning, then you're free to make choice on how to get it done, some can afford to render a free trial class, while some may not and instead, charges people for the respective classes they may be interested in, which i still see as nothing bad, because you're making use of the opportunity you have through the knowledge acquired to open doors for income opportunities from these achievements, maybe this alone can be a motivation for activeness in learning and taking it more serious by knowing it value when paid for.

Congratulations and continue your good gesture. But I have to say that I feel you are doing something wrongly. Teach them how to invest, help them to invest and don't invest for anyone.

Don't force them to invest before you teach them, it's even against the principle of investment. They have to understand what they want to invest in and willingly agree to invest.

Do not coerce anyone to invest and also don't recommend amount of money for anyone to invest.

I read that you taught some people and they refused to invest and you considered your efforts wasted. The essence of learning about bitcoin is not just to invest, if they can genuinely understand bitcoin, you have won. Lessen the strictness so that no one will ignorantly hold you responsible for their failed investment.

When you pressure people to invest, they'll think you have a hidden reward like referrals or so. So, keep it simple.

Well I must say it's a welcome development. You know majority of people in the society are left behind in times of information about Bitcoin or Blockchain technology, so many are ready to learn but has no people to educate them, and because of this reason of lack of proper orientation has made most people to have wrong mentality about Bitcoin. Some thinks that Bitcoin is a get rich quick scheme and others sees it as a scam, ut having a right information will make them change their mentality and it will boost Bitcoin adoption in the country. I must confess it's a nice initiative. You should also do well to let them know the penalty of "not your key not your coin" so that they will handle their seed phrase carefully.

I don't know if you really captured my message there. I said again and again. I have many had come to learned and invest and I would taunt them everything but at the end they give up and told me that they have used the money for another thing and they forgot about bitcoin investment making my efforts to be wasted. So now I told them to go invest first before starting the classes and we use the investment ha a practical classes for them to understand more. Please can you read what has been discussed in the image. Before I even  teach anyone, I explained both the risks and the benefits to them and they have to decide to invest or not. And from the image I displayed. You can see that the person invested for long term and she game me N100k to invest which I invested for her and send the coins to her wallet. The time when she started the investment bitcoin price was $100k  and now the price is $92k but she is not both. She said, she will still add more at the end of the month. Please understand the Op before commenting.

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.

It's not a huge amount in their local currency. He meant to say 60K in Naira. Not 60k dollars, that was quite a mistake from Agbe.

Am not a financial expert but why do I feel that the idea of taking the money to invest for them is wrong? If you teach them as you claim, then a week or two is enough for them to learn how to buy and invest themselves. If the reason for investing is to make them serious in the class, then you can take a small fee of 15k which you will return to them after a week they have learned and invested then you can continue the teaching from there. There are several disadvantages to taking the money to invest in them. Paraventure things don't go to their expectation you might be blamed for it. Also, imagine a scenario where a student chooses, they don't want to learn anymore or invest anymore, and they want their 60k back will you give them the exact amount if the price of Bitcoin has gone down from the original price you bought it?

Anything you are doing let the ball be in their court so they won't blame you for anything. Humans can be very unpredictable when it comes to things that has to do with money.

Even me personally I will not advise anyone to invest in bitcoin or any other coin  because we are different especially how we handle things, and there people that will act as if you are the one controlling bitcoin price and they are always asking silly questions about bitcoin and when the price is going to go up and when it comes to situation like this, even when you tell them about bitcoin you should make it clear how the business is run so that they don't expect to much from bitcoin when you invest there is no much to worry about as along as you can have patience. And when you teach them how to how to buy them self and make research them self then they will be able to understand the purpose of investing and how serious this shit can be serious, when they do every shit them self won't be anything to worry about.

The knowledge you think you will get from the PM to those members that you aready called will be useful to other people here.

Create a topic on it and ask for their input that way all of us will learn and even make meaningful contributions to it. We can even ask some questions that will be useful to everyone. Kindly think about it. As for your classes, I think it is a good idea even if people have to pay for it. Paying for knowledge makes people to be serious and shows committement to their personal growth. Even when they don't pay for this knowledge through a class, they also pay for it when they buy books on bitcoin.

Yes I do agree with your point buwaytress. We are currently in a digital era and as a result crypto isn't pretty much a new and odd topic to anyone especially bitcoin with it's hype every now and then. And that is to say that virtually everyone is aware of bitcoin and crypto currencies in general and as a result have access to information concerning them.

What I actually fancy is fixing wrong ideas and information that people often pick up from social media and the internet as a whole especially about how easy and rosy it is to invest in crypto. Convincing people to invest is not the best option because you often end up as a "blame holder" especially if it eventually goes sideways. What's best is informing them especially about security and privacy.

If I understand it right, there's no pressure on what amount to invest, which is really cool.
And I hope that you have by now all the experience/knowledge you need to avoid overpaying for withdrawals in case of DCA.


Wow, that's quite an amount!
I surely hope that this guy will have the patience to get proper ROI and will not panic sell. And I also hope that his coins are in a proper safe storage, with proper offline backups and so on, even if maybe he doesn't know yet why.


I am, however, proud of what you're achieving (and it's not related to this unexpectedly big investment).

I misunderstood earlier, sorry about that, but it's pretty clear you're asking for money from them to invest. It still seems risky because you might end up violating the law, like soliciting money for investment. Although your intentions might be good, just be careful because the law is very clear on this.

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.

Well, you are doing well in giving back to your close community in terms of knowledge about Bitcoin investment from the look of things, you already have everything well worked out since you mentioned that you going to contact other forum members for help on technical aspects, but the big question is, do Bitcoin holdings need technical knowledge, if one can simply know how to protect your wallet and security, it ok and good to go, without having to border yourself so much about technical assistance.

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.

You actually did a good job but it is like persuading then to invest probably at their unreadiness.
I also think it is too risky of you making proving them practically to how lucrative investing on Bitcoin really is with a real fund.
You would had probably illustrated to them the feasibilities between short term and long term benefits and risks of long and short term investment goals.
Then probably have a demo to run your practical for them if need be.
 

Still all good too.  But then let them be aware about selling on duress or impatient could lead to sells at lost because not anytime you want to sell your Bitcoin that you could stand to secure your capital. Specifically on short terms.

I am teaching only those who are serious and not those who thought bitcoin investment is a way of get rich quick scheme. I have thought a lot of people but it is only few investing so not to waste my effort I asked those who are serious to invest them we start the proper classes from there. And those who have obey the instructions are doing well in the industry. It is now part and parcel in my teaching work so I am enjoy doing it. I don't charge anything but for free.

I believe you created the thread to get input from the community to enable you to get the best results from from noble effort. It would have been better if you teach them about Bitcoin and allow them to invest by themselves. Any of them who sees Bitcoin as a good investment will invest, they don't need to be compelled.

You can simply guide them on how to download wallets, keep the seed phrase safe, fund their wallet and protect it. Instead of going through the complicated process of asking them to invest through you. Calculating expenses such as transaction fees and profit can be complex. They should have personal  Bitcoin wallets and be their bank.

Keep up the good work.

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.

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.

Great work. People who help in spreading Bitcoin awareness should be encouraged. It is better to teach them about Bitcoin and allow them to make the decision of investing or not. It is not everybody in your class that will be willing to invest.

I am more comfortable with online learning than teaching them physically. I am interested in my security because most people think that all Bitcoin investors are rich. There has been news of how some crypto investors were attacked and robbed of their coins.     

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?

Lovely idea teaching people about Bitcoin mate. I really commend you for that and this would really go along way on helping the adoption of Bitcoin.
But I don't think investing for someone into Bitcoin without their consent is actually the right way to go. The financial sector is one place you ought to be very careful. I would rather suggest you be patient with them keep in giving them the much needed information they need and with time they can be able to give their consent to Investing.

It’s okay to charge a fee for educating people about investments, but make sure you’re giving them the whole picture, not just the positive side. Also explain the risks of investing in Bitcoin because there’s no guarantee that holding long-term will always be profitable. That’s what we believe here, but not everyone has the same patience, especially when they experience a bear market. They might panic and make rash decisions.

If that scenario happens, like the price dumps and they start blaming you. what will you say? Since they paid for your advice, they might expect everything you said to come true or think they’re guaranteed to benefit from your guidance. It’s something to think about.

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. 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.

Like before yesterday someone send me N100k which is equivalent to $60 as of then exchange rate and I invested for her at the rate of $100k for 1 BTC.



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.

OmegaStarScream, bitmover, apogio, JayJuanGee, tranthidung, NeuroticFish, Pmalek, hugeblack, Lucius, RickDeckard, philipma1957, fillippone, NotATether, Charles-Tim, BlackHatCoiner, ABCbits, hosseinimr93 and Sceptical Chymist, I will pm you for more technical knowledge.

Some of the classes I have updated here.
https://bitcointalksearch.org/topic/m.60555094
https://bitcointalksearch.org/topic/bitcoin-class-in-my-village-high-school-5403925