Topic: Educating unemployed friends about Bitcoin - page 3. (Read 1310 times)

Isnt it honestly frustrating? The ability of the media, particularly the mainstream ones, to distort impressions is remarkable. The way that Bitcoin is portrayed is very confusing. Fundamentally, bitcoin is merely a technology and a tool, like any other, that can be used for both good and bad. Even while fiat money has been abused and manipulated for years, it is rarely examined with the same rigour as Bitcoin. Why are there two sets of rules?

You make a really good point concerning personal safety. Inst that ironic? Individuals may become targets due to out-of-date laws and regulations in their home countries rather than the nature of Bitcoin. Thus, exercise cautious. Comprehending the socio-political environment is just as important as comprehending the nuances of the Bitcoin economy.

I know that you really want to help your friends to become financially independent but I have to tell you this OP, it's illegal in your country so you're better off saving yourself first because you would never know if your friends will point finger on you if they get caught being involved in bitcoin, of course you can educate them but I don't think it's your prerogative to teach them access or buying bitcoin lest they get caught. I don't know if you've started already teaching them more complex stuff but if not yet, I implore you to tread lightly if possible because as noble as your intentions are, you better take care of yourself first.

Educating unemployed friends about bitcoin is a really good decision the demand for bitcoin will increase through the bitcoin connection and unemployed friends will find it a source of income. Let's start by explaining the basics of bitcoin and how it works Describe its decentralized nature limited supply and potential benefits such as faster transactions and lower fees. Provide resources or references that can help them understand the technology and its potential. It is possible to eliminate unemployment through self-employment with online training. Apart from investing in bitcoin there are various career oriented trade courses by conducting youth development through training centers. Many people have already turned the wheel of fortune with these trainings freed from the curse of unemployment.

It is much helpful for my unemployed friends. In our country there is a huge problem of unemployment because of overpopulation and limited number of offices companies and they need limited employ. That's the reason many well educated people of our country suffer from unemployment problem. They don't have any income source they have a pressure to do something their own and give pressure from family to do something. Because of that sometime many people take wrong decision in life.

In my opinion teaching about Bitcoin to my unemployed friends it's too much helpful for them. Because if we teach them about bitcoin they will know that what is bitcoin and why they should invest in bitcoin. After getting proper education about bitcoin they have a income source and that will help them for leaving. Invest in bitcoin help you to earn money and take out you from unemployment problem and do work freedom fully.

If they are unemployed and you tell them Bitcoin investment how do you expect them to invest money on Bitcoin? Even if they have some money somewhere since they are jobless its not smart to invest that money into Bitcoin because it's only a matter of time, they will feel the need of money and they will still sell their Bitcoin later on.

It's good OP shared his knowledge about Bitcoin but investment isn't the solution for your friends right now, they should find means of making source of income, if they can't find job in their country they can work online, and I am surprised they know too less about Bitcoin, they are educated and they have access to the internet.

Even if the government placed ban on Bitcoin it doesn't mean you should stay away from Bitcoin yourself, the government think they are protecting people but you as a smart person you should have known about the privacy lane of Bitcoin and also its decentralized utility, no one should know you are accumulating Bitcoin.

It's a tricky situation because unemployed people usually have little money available, so they need that money more than ever, and what do you think is going to happen if they listen to you but then bitcoin dumps? They are going to blame you. I understand you are doing it for them, for their future, but you really need to stress out how risky investing in bitcoin is, many people say yes, yes, I got it, but in reality they don't, and then they start looking for someone to blame. So be careful, you could potentially ruin your friendship.

And to add, I think bitcoin is not for everyone or for all your friends, especially if they are unemployed. You know that bitcoin is a long-term investment, so you will need quite a bit of funds to start with it. Whether you hold or trade, you will need to put some capital in it to survive because equity is important. And if your friend is unemployed, then it will be hard for them to invest in bitcoin as they don't have a source of income. I think it's better to help your unemployed friends land a decent job first. If they have sufficient funds, you can start to introduce them to bitcoin, or even if they are unemployed, you can teach them how to earn bitcoin, but don't let them engage right away. Help them first to have a job and enough funds to do so. In that way, they will be ready to balance the money.

Most of the mainstream media is misleading; here in our country, the mainstream media is very unfair; the good is reported with a bad image, and the bad is shown as good. Although there are some people who use Bitcoin or blockchain technology for evil purposes, But Bitcoin itself is not really like that.

In short, it can only be used for evil, just like fiat can be used for good and bad, but to always make Bitcoin look bad is not right. It is called misleading when this is done most of the time. So if Bitcoin is banned in the OP's country, it's better if he doesn't let others know that he's doing Bitcoin, because he could be in danger because it turns out he's a violator in his country, not because he's here in the bitcoin industry but because of the law that exists in their country.

Sometimes you cannot just avoid the conversation about bitcoin with your friends especially when you know what they stand to gain as opposed to being without the knowledge about Bitcoin. I think it's sort of like a moral responsibility that will owe them. Insurance if you do not teach them about it and help them to become financially Independent tomorrow they will come begging you for money.

Yes, it is clear that if a person does not have full knowledge and financial ability about something, then it becomes difficult for him to walk in this field. Indeed, it is a requirement of human nature that if a person does not have complete knowledge of something and does not have the capacity for its required reasons, he feels fear or hesitates in that thing.

So this example should be understood here in the crypto space as well. For those who are not fully familiar with the market, there is a smell of fear in the market. Whenever there is a bear market, they retreat out of fear by selling their invested assets. And this fact presents him with knowledge that he would not have fully acquired. While those who are real investors handle the bear market without any fear or hesitation under their visual knowledge and consider the bear market as a profit for themselves by investing, this perseverance and courage are given to these people only by knowledge. First is knowledge, but then there is financial equipment to bring it into action in the bear market.

So it means to say that if you do not have proper knowledge of Bitcoin, then they can make you afraid in the bear market, and you cannot gain profit by holding Bitcoin. Therefore, it is important for every investor to study the market in a proper way, put his funds into the right investment strategy, and grab the opportunity to buy Bitcoin in the bear market to get a profit.

Basically, we that are already in the crypto space have a lot to do in order ensure majority adoption of cryptocurrency. Just of recent a fiend to my brother said he hasn’t done any single investment in the crypto space before and I was shocked. I took my time to educate him on the basics of cryptocurrency and also the advantages. Exchanges should also try to contribute to the process of majority adoption of cryptocurrencies, just like the Bitget Blockchain4Youths program that’s geared towards educating youths on the knowledge and understanding of the blockchain.

Therefore, what we need to emphasize is learning from scratch correctly about what bitcoin is because in the end this is a very important foundation for them beginners before deciding to invest but the problem that always happens is because of the limitations and the enormous laziness of us (beginners) in learning them like directly inign skip this dal jump to the next progress such as trading or investing. This is always the biggest problem that many people feel. Therefore we fail to control ourselves and always get carried away especially when the bitcoin crash starts. Whereas if we learn from the beginning and know things like ups and downs will definitely happen a big panic will not happen because we already know things like this sooner or later will be faced as a process and this is where our strength in holding back is tested.

  They say knowledge is power, some information are dangerous to a common man which is why not every information is shared. But in this case the only way to beat the matrix is by being informed and learning, I don’t think a person who has access to the internet has not heard the term Bitcoin, cause bitcoin is recently the most talked about topic on the internet. So they may have heard about it but just ignorant or the stress of doing their own research may hinder their effort of learning about the space. We have some people who prefer to put their money in  business where they can be seeing their money, they see Bitcoin as being an audio money and some Ponzi schemes that is why they don’t want to involve in it. But then all this are just mere speculation surrounding the actual facts about bitcoin. Just like you said people love to see results and proof that this is actually a goal getter. These set of people also end up regretting why they didn’t take their chances when they had the opportunity When they eventually see the result attached to bitcoin, some will even go further to become desperate to own bitcoin without getting proper coaching on the space.
 It is important people get enlightened about this concept, I acknowledge the effort CZ and the entire Binance team with some couple of other good crypto  gurus in the space that go out enlightening the masses about the importance of the space. This is something we should emulate in our own little way, enlighten the minds of those who are willing to learn about the space. Give them some channels and site they can go and learn on their own by so doing you are impacting a very crucial piece of information to the person, it now left for the person to make use of the information he/she has got. They are some information that can change our life if only we know about them. Bitcoin is a very good example of that information and if properly understood and applied will see a complete turnover in your life.

I never invite friends or advise friends, including close friends, about Bitcoin, in fact, if someone asks about investment, I direct them to gold and I also advise them to read for themselves about Bitcoin on the internet. After they understand a little, I teach them from the start, my reason is simple. I don't know how to explain Bitcoin to lay people who have never heard of Bitcoin.

Even if I want to teach my friends about Bitcoin, I will make them curious and create curiosity. The easy way to explain it is with real things, buying a car, house, etc. from bitcoin profits. The problem is that people now still see the results that we explain, if there are no results, no one will believe them. This is what happens in my area, because many people are still unfamiliar with Bitcoin.

Op had done a good work by briefing friends around about what Bitcoin entails. It is a good move when we share business ideas and investment to people that are close to us so that they can have the opportunity to benefit from Bitcoin. Since we are still in the bear market, it is good when people take the opportunity to invest in the crypto so that they can be part of the bullish market and benefit hugely if they eventually purchase some small portion of Bitcoin at lower price so they can always sell it at higher price to make some profits. Crypto is very profitable when we buy at lower price and sell at higher price.

You are right on this and it is usually worsened by listening to news where they will spread all kinds of bad news. The temptation is usually not easy and it is usually difficult for those who sold under this condition to come back to Bitcoin. The already called it a bad investment and accepted their losses. I think this is usually caused by failure of those who introduced Bitcoin to them to properly explain to them how the market behaves and what they are supposed to do when in such situations.  If they are well informed, most of them will even buy more during bear season instead of panic selling. 


I  think I have passed rhis stage. As my knowledge increase, the worries and anxiety diminishes. My approach is long term so I am no more bothered by any market situation.

Yup true you are explaining the truth. I agree with you that this could be a logical reason for our failure to hold long time. I also sometimes wonder why we fail to hold long time cryptocurrencies despite thousands of attempts. Although sometimes we are very motivated to hear the success stories of others.  But when we go to hold ourselves, we lose patience and that motivation no longer works in us.  And this may be due to our poor financial condition as you mentioned

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot. If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

Well, you can provide education about Bitcoin to your friends and it seems that this is not a problem considering that education about Bitcoin is widely available on the internet and anyone can access it. You can use a VPN or the TOR and P2P networks to trade or invest in Bitcoin and I think it's quite safe, because even in China, which is so strict about Bitcoin distribution, there are still millions of people who transact Bitcoin directly. So if you know the trick, you shouldn't have to worry about investing/trading Bitcoin even if your country prohibits it.

From your text, I am assuming how much backward your area I don't know which country you belong but offering others towards bitcoin will be very difficult if you start this with your friends it is appreciatable.

If they are unemployed but qualify then they will understand Bitcoin easily. If they came to the bitcoin then they don't need to do a job and maybe after entering, they won't want the job. Bitcoin has the potential to change the life of people who believe in it


Impressive, if you told them about the positive side and after entering if they lost funds they will not trust Bitcoin again so it is very good to tell them the risk and negative aspects of it first so they can make decisions easily.

Simply you need to introduce them to this forum and I am sure they will learn more than other forums or videos. A lot of people will teach them how and what to do in Bitcoin and much more