Educating unemployed friends about Bitcoin - page 10.

Oilacris

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Quote from: Viscore on May 28, 2023, 02:29:54 PM

Do not tell your friends that bitcoin can be a reliable source of income. Instead, encourage them to still look for stable jobs and make bitcoin as their side hustle. That way, even if they don’t make sustainable profits from bitcoin, no worries because they have their own jobs to earn their living. And never try to convince them to trade or invest. Let them explore the potentials of bitcoin, only by then they can decide on their own if trading or investing is worthy of their money and efforts.

Its not really that bad to tell about the opportunity when it comes on making money because this one is actually the truth but its true that it wouldnt really be that a good idea on telling them about being a source of income which it cant really be just that way too simple on achieving it unless if you are really that a good trader then it could really be that possible.
We know that there are people who are really that way too impulsive on the time that they would really be seeing that making money is really just that way too easy.

In overall,it is really that commendable into those people who do make out some small steps on spreading out the awareness of bitcoin when it comes into its existence.
We do know that even just that we are making such introduction into our friends or someone we do know then it do at least adding up that kind of recognition.

Viscore

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Do not tell your friends that bitcoin can be a reliable source of income. Instead, encourage them to still look for stable jobs and make bitcoin as their side hustle. That way, even if they don’t make sustainable profits from bitcoin, no worries because they have their own jobs to earn their living. And never try to convince them to trade or invest. Let them explore the potentials of bitcoin, only by then they can decide on their own if trading or investing is worthy of their money and efforts.

AnonBitCoiner

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I have saw many people who does not have any job so whenever they hear about something that gives them passive income so they desires to get involved into it but when they hear about putting money into it then they become afraid of it because of instability.

You teach him about bitcoin and also about the risk so its up to him to think about his saving about his future and about the risk and there will be no fault of you if unfortunately he losses money because you told him each and everything about the Investment whether its a good quality or bad quality of it.

You can just spread the information about bitcoin but cannot force someone to necessarily do the same because everyone can think properly about themselves as someone's situations are understandable only by himself.

Baofeng

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Hope you guys can give me proper feedback on this and help me move forward in helping them.

You already help them by telling everything about Bitcoin, the good and the bad, and that's is enough I guess. I was caught though by the statement that a Bitcoin is illegal in your country? And most likely that is the reasons why Bitcoin is not popular in your country because the government is not open about it and it might be a concern for you as well.

The consequences though in the end might not be worth the risk for you and your friend just saying. You just don't know, and I'm not saying that this will happen, but what it the government find out about your Bitcoin activity? And if you bring your friends into it, they might be also in trouble?

sunsilk

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Are you sure that you're the only one that's knowledgeable about Bitcoin in your area? Because you'll never know if one of the friends you're talking about could just be an agent of your government and soon will turn over you to them for committing such illegal activities based on what you've said and that is teaching your friends Bitcoin.

And if you know some ways of earning Bitcoin, you should just show them how you're able to do that and that's the introduction you need to do. After that, it's all them. Do not be too pushy on them whether they have savings or none.

Franctoshi

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You should be careful while trying to help this guys out so you don't get yourself into trouble knowing that Bitcoin is still not legal in your country, however there simple ways you can go about this, If actually you want to help this guys out with Bitcoin education, this is a very simple something to do, they're your friends and they are also aware that your government is somehow against Bitcoin, So this is enough reason that they should keep their mouth shot while on the process of learning to avoid the information to spill out that you guys are into Bitcoin.

Stalker22

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Oh, absolutely! Forget about traditional job markets, education, and skill development. Just jump on the Bitcoin bandwagon, and all your employment worries will magically disappear! Cheesy

But seriously, sarcasm aside, while Bitcoin and cryptocurrencies can provide unique opportunities for earning, very few of them result in sustainable income or long-term financial stability.

Let us explore some ways to earn bitcoins. There are four common methods: investing, mining, trading, and freelancing/accepting Bitcoin payments. However, considering your friends' unemployment status and limited start-up capital, the first three options may not be viable. That leaves us with freelancing and accepting Bitcoin payments, which can also be done using traditional payment methods, not just cryptocurrencies. So, what other ways do you suggest for your friends to explore in order to earn Bitcoin?

Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Engaging in illegal activities can have serious consequences. If Bitcoin and cryptocurrencies are illegal in your country, I suggest exploring other legal and legitimate financial opportunities that align with the laws and regulations of your country.

Russlenat

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Quote from: mindrust on May 28, 2023, 09:41:07 AM

I don't think that's a good idea. Unemployed people are easy targets for the casinos and even though bitcoin itself has nothing to do with gambling, these people may see it like a get rich quick scheme. If they think they'll get rich investing in bitcoin then they will make some wrong doings like investing in shitcoins, day trading etc. Because they will realize that bitcoin isn't risky enough and you need to take more risks to make more money. Since they have no jobs, they will take the maximum risk and that's a recipe for a disaster.

Based on how you educate them about bitcoin, they will end up believing that bitcoin will make them rich quickly than finding stable jobs that will suit for them. And that is a very wrong mindset. You should have warned them how volatile the market is that could bring them life changing losses than to expect for future profits. At the end of the day, everything will fall on gambling. If they come to invest their hard-earned money without enough knowledge and preparation for it, they will only end up losing all of them because of how they set their mindset into bitcoin.

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Getting involved in bitcoin as an investor or trader does not necessarily earn them returns.
There is no guarantee that their investment in bitcoin will bring them a good return as long as they don't know how to do it. There are many fake platforms out there, some fake wallets and fake investments too. Make sure your friends avoid all of them if they want to invest in bitcoins, and try to avoid holding them on exchanges for long-term investments.

Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

If bitcoin is illegal in your country as a means of payment, then don't use bitcoin as money. You and your friends can use it as an investment asset or day trading while maintaining your privacy and safety from the law. But I don't know where you come from and what is the legal status of bitcoin there. Bring them to forum, study together and they will find a bright spot.

aylabadia05

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

Among the number of people living around you there may be other people who know about Bitcoin but they choose to remain silent because of privacy.

Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

[snip] but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Even anyone who is involved with Bitcoin, then your country's administration will catch him. Sounds very scary your country.

I don't want to teach you to fight the state administration, but those of you who are knowledgeable about Bitcoin can judge that there are countries that prohibit Bitcoin activities but there are people living in those countries who can still make Bitcoin transactions.
Bitcoin activity only requires internet and it can be done indoors without being seen.

If your friend is willing to invest in Bitcoin on the basis of the explanation you provide, then teach them how to buy Bitcoin, where to buy Bitcoin and where they should store Bitcoin.

cydrix

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To be a responsible citizen, it is advisable not to engage in activities that violate your country's regulations. However, if you choose to educate others about Bitcoin, it is important to stay within the boundaries set by your country and focus on aspects such as security and utility, rather than solely emphasizing investment opportunities.

Furthermore, investing in Bitcoin does not guarantee immediate wealth or overnight success. It is essential to understand that the cryptocurrency market is highly volatile, and it may take a considerable amount of time, potentially a year or more, for investments to stabilize.

darkangel11

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I like how you believe in bitcoin, OP, but it's not something that you can rely on to get you guys out of unemployment.
If you have a business idea that could accept bitcoin, great, if you can do something online like draw, paint, translate, great, but if you think you'll buy bitcoin and sell it to 10x your money, you'll probably be disappointed and I doubt you have enough money to invest to rely on 3x to change your life.

Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

Because there are enough ways to earn money with Bitcoin.

You're looking at it wrong. You're not making money with bitcoin. Bitcoin is money!

Quote from: Adbitco on May 28, 2023, 09:25:23 AM

I don't know your country but as for me to be a good law abiding citizen it's better you don't involve yourself to what your country didn't encourage to avoid violating their regulations.

Have you ever heard about civil disobedience?

One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws.
Martin Luther King

If your government told you that from now on it's illegal for men to pee standing and they all have to sit on the toilet, would you play along? They can ban banks from accepting money from exchanges. They can ban businesses from registering, but they cannot ban you from owning bitcoin. It's impossible, pretty much like forcing people to stop eating meat or drinking alcohol.

BIT-BENDER

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Great that you talking to your friends about investment and definitely not about the real Bitcoin, I think it would be very nice if people who tell their peers, friends and family about the benefits of investing in Bitcoin differentiate it from them talking to their friends about Bitcoin.

It's a good thing you have your mates interests at heart and you believe that their state of unemployment can change through Bitcoin, but it can also change through them Investing in real estate or any other investment not necessarily Bitcoin.

I encourage you to start tell them about bitcoin as a financial system where unlike the banking system it's decentralized and they are in control of their funds, tell them about the fast transaction that doesn't require any third party, explain to them why you are enthusiastic about Bitcoin apart from investing.

Hyphen(-)

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

Because Bitcoin knowledge is not anything physical that anyone can see, you can't tell if someone has it or not because some people don't like flaunting their knowledge. They will have the knowledge, and no one will know until the need arises.

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Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

What do you mean by telling them all about Bitcoin? Does this mean that you told them everything or that you told them the little you know about Bitcoin?

I don't think it is a good idea to focus on how to earn money using Bitcoin early because someone who needs to learn something should first focus on the basic knowledge before the benefits.

What are the ways to get money using Bitcoin that you introduce them to?

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Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Make sure you tell them the risk involved in Bitcoin investment and also the effect of leaving their coin in a centralized exchange.

panganib999

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Hope you guys can give me proper feedback on this and help me move forward in helping them.

First off, if they are thinking that way you might wanna check if they are indeed saying the truth. We can't really be too complacent with recommending bitcoin to people who don't know it yet cause they have justified reservations for not choosing bitcoin. In this case, since they're scared shitless of getting incarcerated, I think it's best that you check first if there are laws or ordinances that are in place within your country illegalizing bitcoin and cryptocurrency in general.

Telling them to invest is a much better idea than narrowing it down to bitcoin, let them discover it themselves.

ImThour

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Whether someone is educated, uneducated, employed, or unemployed, the way to educate someone about Bitcoin should remain the same. It's decentralized.
Now on the basis of their education level, give them familiar examples of what decentralization is. Be your own bank. Make them understand the scarcity of Bitcoin.

Because price is all about supply and demand, let them know why there is a demand of Bitcoin in the world.

salad daging

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

You have given basic teaching to your two friends who want to invest and the rest he can search the internet for further knowledge and think of his own accord without involving you so on, so you have to tell your friends even though you have given the negative and positive aspects but that's all in beyond your responsibility if someone suffers a loss so you won't be blamed for it.

For other friends who are interested in bitcoin, you just need to provide some resources or articles about bitcoin, I think there are a lot of them on the internet, let them read and understand it themselves, when they understand, they will start thinking in their own way.

If that makes you doubt, especially if you get caught by the law, because it's illegal, then there's no need to teach them.

CryptoHeadlineNews

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Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Point of correction, Bitcoin investment does not offer an employment opportunity of any kind, but rather there are ways through which one can earn money from its volatile market nature (i.e trading) of which at times you could either go into profits or lose depending on the market movement & your level of experience for that day.

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but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin cryptocurrency is completely illegal in my country. So how can I help my friends in this regard?

Moreover, Bitcoin is a very good investment option, most especially for long-term investments not affected by inflation. But rather, it is not an investment you try to pursue or force people into it so that if the market happens to go not as planned, nobody gets to blame you for introducing them to it. And secondly, there are a lot of "Beginners guide to Bitcoin" that explains all you need to know about this currency as a newbie, which you can get that from either Google or forum by using the "search" button at the top right corner.

bittraffic

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Quote from: Wend on May 28, 2023, 10:41:09 AM

Quote from: bittraffic on May 28, 2023, 10:15:37 AM

Your government made BTC illegal. You don't want them to blame you once the authorities caught them. Only way they can hide it is if they know how to use tools for anonymity which is another lecture to do but you can't be sure how careless they may be.

They are unemployed and my guess is that they don't have something to invest. This should be the first to solve first, its a long way but one at a time before introducing them to BTC.

If I were OP, I wouldn't recommend my friends invest in bitcoin because they need a steady source of income right now, and bitcoin can't help them do that. How can someone without a job invest in bitcoin? The savings will also be exhausted if we use it and don't have any additional sources. Not to mention the investment is very risky, there is no guarantee they will be profitable and out of unemployment.
OP, moreover, it's not wise to give investment advice to others. Have you ever thought if the investment fails, what will happen to your friendship after that?

As much as he care for them to have something to hold on for the future, they may blame OP since there is no assurance what could happen. He might lose these friend of him when things go south. I strongly suggest the maximum caution because BTC is illegal in the country.

Getting employed is the first to worry before diving into BTC. You don't wanna see then sell in loss.

suzanne5223

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Quote from: SatoPrincess on May 28, 2023, 10:29:44 AM

Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

I doubt that’s the case, it could be you’re the only one among your friends that is interested in bitcoin. There’s a lot of content about bitcoin on social media and it’s hard to see anyone who hasn’t heard about crypto these days.

You're right because we are living in the century most people 1 or hours of their on social media and it is hard for them not to have see crypto Twitter or Facebook making some hype post about Bitcoin.

Quote from: SatoPrincess on May 28, 2023, 10:29:44 AM

Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

That’s because your story sounds too good to be true, are there really many ways to earn money with bitcoin?

Is either his story sound too good fo be true or they have once heard about Bitcoin but not from someone they trust or it could be the opportunity of them escape unemployment.
For earning, yes there are many ways. Such as lending, trading, mining, etc.

Quote from: SatoPrincess on May 28, 2023, 10:29:44 AM

Quote from: Fuso.hp on May 28, 2023, 08:43:49 AM

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I think you should be completely honest with your friends, you shouldn’t tell them the good stuff and refuse to tell them the risks involved in bitcoin investments. Right now, you’re giving them a false impression of what bitcoin is, and they may believe bitcoin is a get rich quick scheme.

Yes, they have every right especially the negative.

Topic: Educating unemployed friends about Bitcoin - page 10. (Read 1299 times)