Topic: Do you introduce bitcoin and crypto to your friends? - page 2. (Read 839 times)

We as friends should only provide basic or basic knowledge regarding the knowledge of investing in crypto and the risks which are very volatile or fluctuating. The rest goes back to the person, we have to emphasize to our friend that before investing, it would be a good idea to study first, if you want to invest in the crypto industry. At least we have to match the directions from our friends and from our own learning. With an approach like this, we as friends help our own friends to become more independent and responsible in their investment decisions, so that there are no misunderstandings or blaming each other if prices experience an insignificant decline and we as friends continue to provide support to them in receive the information they need.

Seems right.
Only those who are willing to learn should know what you think for real about BTC.
Nothing wrong with keeping the knowledge for yourself, especially if a person is ignorant.

Probably not, most of the time I would really like to make the first move at all, I'll probably explain to some of my friends if they ask me something about it but not really going to teach them or approach them just to tell them something about Bitcoin or flex some of my earnings in investing. Not really going to the point of hard selling Bitcoin or cryptocurrency since there was no point, and the fact that investing in cryptocurrency is risky should be enough not to encourage anyone to invest because it is going to be a huge responsibility for you in case.

There will be cases if they are the ones that actually want to invest in Bitcoin or cryptocurrency, but I always tell them and advise them that if they really want to invest in cryptocurrency they should be the ones that is going to do the investing, it would take a lot of time doing research and learning, etc. If they are not willing to do that, I would easily tell them not to do it, most of the time I discourage them because it's a very risky market, if they still want to continue that time I would probably provide them with some advice or tips on how they are going to do it.

I mean it might probably help but Bitcoin is gonna spread around the world even if you dont do anything, there was no actual need to market Bitcoin because its utility is doing its job.

I like the term Bitcoin-missionary being thrown around in the thread, mind yourself that you will face the same opposition that Christian missionaries faced back in their times. They will not believe you, they will oppose you and try to sabotage you - this is human nature when it comes to learning or adopting something new.

You dont want to end up as the tinfoil hat guy in your locality and hence I would always keep my knowledge secret unless someone wants to learn about it. The impetus to learn should come from the common people otherwise the opposition happens.

Allow me to answer that - majority use Bitcoin or other cryptocurrency only as a speculative asset. People seems not to care about decentralization, anonymity, transparency of transaction. If I start explaining or introducing such features of Bitcoin, a person will stop listening to me or follow my though in a minute. All what people want to hear is "what to buy and when it will cost 10 times more". Many even are dont pay attention what they are buying, they look only at "green +%" and dont even remember the name of altcoin, not even speaking about project name and altcoins use cases.

Great of you to do so.
How much of the people did listen to you eventually and how many were still discouraged?

Yes I often explain bitcoin to those who are new to it. I usually start with how it works, its use as digital money, and the potential for borderless transactions. I encourage people to do their own research before investing to avoid misinformation

If the people are interested, - glad you are doing a good job at it.
Speaking of - what would you say to your friends if they asked about the potential of other coins, other than Bitcoin (they saw the PNL on some memes or alts, for example )

I try to explain bitcoin whenever someone shows interest focusing on its decentralized nature and how it allows financial freedom. I think it's crucial to clarify that while btc offers great opportunities it also requires understanding that risks involved like volatility and security. Educating others responsibly is key.

Only those who spend time learning about bitcoin will realize that bitcoin is still cheap compared to its potential, but those who have just heard about it and seen its price will be very hesitant, and that is also the barrier that makes many people not interested in bitcoin. So we should actively educate and explain about bitcoin to everyone. I support OP's idea, rather than staying silent and thinking it will affect our privacy.

In theory yes, but bitcoin is so volatile that using it as a currency has never been a big concern for people.

We often refer to bitcoin as a currency, a decentralized currency, but in reality, do any of us regularly use it as a currency? I don't think many people do that.

In the past yes, I tried introducing Bitcoin to a few of my friends but I lost interest along the line when I discovered that many of them are only focused on the profits they stand to make from Bitcoin and that make them view bitcoin as a get rich quick scheme, and having such mentality of get rich quick towards bitcoin will always hinder one from learning the real essence and fundamentals in bitcoin.

When many are they center focus, I have to give up and allow them to wallow in the gambling state of mind jumping from one altcoins/coins to another, all with an attempt to make quick money whereas, the main Important aspect of knowledge in cryptocurrency like security of assets and wallet management couple with freedom in bitcoin decentralized
The network is left aside to them is all about the money.

When I realized this, I had to let them be and stop wasting my time trying to teach them anything.

That's just exactly what I'm trying to say, of course I strongly believe that most countries are not aware of this crypto currency named bitcoin" and there are also some countries were crypto investment is been banned I think mexico is one of those countries or should I say maybe the person have not heard about crypto investment. because I remembered telling my friend who's in mexico about crypto investment and he told me he have no idea about crypto investment that they don't accept such thing in their country so I just decided to let it go, and with the way he sounded it was asive I'm trying to introduced him to a scam project so when I noticed this feeling about him then I decided to change the conversation because I knew he won't pick interest in it even when I told him about it.

I’ve done this before when bitcoin was not that popular and totally hyped. Just to lessen the confusion to some of my friends, I give them clear details about bitcoin so that they will understand it easily without giving them a headache.

However, I don’t convince them to invest, that’s the last thing I would do. And I don’t want to be responsible of their future losses, so as much as possible I don’t encourage them to do that. I know they’ll invest on their own once they’ve seen the potentials of bitcoin, and not because I am here giving them a back up because they could be dependent on me throughout their investment process, and that’s something I don’t want to happen.

When comes to introducing bitcoin to people, I think it should not be more than this by telling people the amount of money they need to invest, suggesting the amount of money people should invest in bitcoin has always turn into problems because this people that a new to bitcoin they are not even familiar with the volatility of the market.

 It is just better to introduce the basic understanding of bitcoin to people and clearly let them know the market is volatile and for them to do their own research to get better understanding. When it comes to bitcoin investment,  it is important to let those who were introduced to bitcoin to make their own decision on what they can afford to invest in bitcoin.  One really needs to be careful about people's investments in bitcoin because if things go wrong they will surely  be hold responsible for the lose of money.

Yes, I did. I told a few people but only 1 of them really invested. I never tried to be persuasive, just told them the truth, that it's an opportunity they wouldn't want to miss.

Most of them ignored it because they were doing good financially and felt like it was unnecessary risk. One guy was very poor, doing the worst of all my friends, and he ended up getting some bitcoin in the early days, before it went to $20k for the first time. Now he's doing good, at least as good as the rest of them if not better.

I can understand why some of them chose not to buy bitcoin. We can compare it to a race where you're on the second or third place and could take a shortcut, but it could cost you the whole race if you get caught. They chose the safe option and kept running to get that 3rd place. The guy running last had nothing to lose, so he took the shortcut.

That’s so thoughtful spreading bitcoin knowledge, I support the idea in any way either using different example to educate but, the basic knowledge first is always necessary for those who are interested to buy and hold. First try by explaining how bitcoin work not the only enticing feature about bitcoin else they’ll get everything wrong, bitcoin market is not always stable and for anyone who wants a quick investment should avoid bitcoin investment because it’s not necessary introducing bitcoin to the crowd and at the end they ended up with loss rather they must be able to hold for long and enjoy the benefit. I tried doing this honestly it’s difficult talking about bitcoin especially in a situation when the person is not interested besides investing should be done willingly.

Some may show interest and eagerness to learn, while others do not care at all, as they still think that bitcoin is nothing but a Ponzi scheme. This is the reason why I only chose the people I will share bitcoin information with, only my family and my closest circle of friends. However, if some people will approach me on giving details about bitcoin, I always make a point to discuss to them clearly but I also encourage them to never rely on me but do their own research and studies as well.

How does the price keep people away from becoming bitcoiners, if you take a closer look at bitcoins course of development, you will understand that even at $100k, BTC can still be considered to be 'cheap', based on what it could be in the near future. However, people do not have to buy one BTC, they can buy in smaller sums and gradually grow their bags. Take note that BTC is also a currency, a decentralized and censorship resistant one, so that is another attraction to use it.

These days it's hard to find anyone who haven't heard about Bitcoin. People are aware that its prise is growing up, however, there is a thing that keeps most of them away from becoming a Bitcoin owner. It is its price. 

When I discovered Bitcoin in 2014-2015 thank to Freebitco, I quickly fell in love with this coin. Since 2016, I have become actively involved in Bitcoin and I started promoting Bitcoin everywhere, especially with my friends and relatives. At first, people were interested about what's Bitcoin and how it works but their main priority was if it's possible to earn money by buying Bitcoin. Probably 100% of people I've introduced to Bitcoin, only cared about profit.
The way I was trying to initiate a conversation about Bitcoin was by mentioning - "Do you know what's Bitcoin". They would answer me with no and then ask me back - "What is it?" Then I talked about Bitcoin and blockchain technology.
Btw recently I don't talk much about Bitcoin because I stopped wasting my time on others, now I'm focused on my job and myself.