Educating unemployed friends about Bitcoin - page 5.

SirLancelot

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Quote from: Smack That Ace on May 31, 2023, 04:27:40 AM

Quote from: AicecreaME on May 30, 2023, 08:38:18 AM

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

I don't think anyone will have too much trouble investing or converting from bitcoin to fiat and vice versa. Because even countries ban bitcoin, exchanges can still be used normally without any problem. Moving abroad is not as simple as we are talking about, and it is not necessary just because of bitcoin that we have to move abroad and leave our loved ones and family behind.

But I agree with you, it is not advisable to invest in bitcoin with savings while we are unemployed. The unemployed need money for their daily needs, and bitcoin doesn't do that.

Generally, if a country bans something, especially a cryptocurrency, they ban every application or website that is used for it as well, so exchanges would probably not be used if a country bans Bitcoin, and even if the country itself doesn't ban the apps or websites, the exchange will stop providing its services in a country where Bitcoin or cryptocurrencies are banned.

Cryptocurrency users of a country that bans cryptocurrencies might try using exchanges with VPNs but if the exchange stops offering services in the country, even after you use a VPN to access it, you basically won't get any P2P merchants for your country to get fiat against your cryptocurrencies.

tjtonmoy

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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?

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

First of all, if they only come to this platform for the sole purpose of learning, then that journey is going to be a rough one. They will only focus on earnings and not to learn the whole thing. So firstly, you need to teach them the purpose of Bitcoin and what it stands for. What you can do with it. The blockchain technology is awesome if you can understand it. So tell them about this, refer to some articles that contains these informations. I guess this article here could help a lot because it contains so much information on blockchain. Then you can refer to this article that contains info about Bitcoin. You need full understanding on something if you want to get successful in that. When they get a grasp of the basic knowledge, they will try to reach out to you for more advance knowledge or find it on their own. One thing I say always is that, the thing you learn by your own experience, you will remember that for a long time. You have taken a good step to help your friends and respect for that. But never force or advise on a financial decision. That's all I will say. Because you are doing a great job already. Be sure to keep yourself safe first.

[Note: I did not write those articles. So if they contain any wrong info, please do your own research on them]

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Quote from: riskarcher on May 31, 2023, 11:13:41 AM

Quote from: minairia3 on May 31, 2023, 09:37:01 AM

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With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

Yeah agree with you statement, Bitcoin never solve financial problems It will create new problems if unemployed friends can't control their money which is bitcoin is not solution to making they rich it will make they more poor, never educating someone who dares take a risk, atleast teach them how to get coin from airdrop so they will learning by doing how to manage buy and sell coin without loss their money

The stigma that bitcoin has always been one of the things to get instant wealth is always felt and even though it is not said in such an explicit way, it is clear that the goal seems to be going in that direction.
I personally don't really mind if I tell or just share about bitcoin, but with the conditions and experience and of course when beginners are fed in a way that is actually a little dangerous because they want profit, this is indeed quite high risk.
As you said, control is very important and we must be aware that conditions such as teaching bitcoin also cannot always be correct if it is the way of delivery and only relying on profits because precisely this can make conditions become persuasive in the wrong direction.

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Quote from: fuguebtc on May 31, 2023, 07:41:39 AM

It's true, cryptocurrencies are not the only way to make us a lot of money, to make us financially free. Many people are still living rich life without cryptocurrency. We need cryptocurrencies because we are willing to take risks to get rich quickly, but many people don't want to admit this fact.
Sometimes you don't need to have talent, you just need patience, effort, and hard work, you can also build your own business or start a business in any field you think has potential. Without those things, whether investing in bitcoin or going abroad to work, we will never succeed.

I think the difference is that it's global, I prefer crypto because it can make me rich and it is global, I can find a guy who has a product in japan, a digital thing lets say, even a pdf, and I can find a buyer in USA and sell that, then another at Germany, then another at Egypt then another at Nigeria, then another at Russia and so forth.

As you can see it's such an easy thing and the payment would only have to be via crypto, which takes a minute to use and it's gone. I can do that all day everyday. Sales alone is such a great way of making money in the crypto world. Start a digital agency, do all social media, coding/development, design and everything else like SEO and SEM etc, you do not have to know it all, you just need to sell that service, if you can sell, you can find someone who takes crypto that does these.

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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.

I'm delighted you taught them not only the positive but also the negative aspects of Bitcoin. Some people have educated others about Bitcoin, but only the positive thing, which makes me sad. It appears that they are solely concerned with themselves because they allow you to invest in Bitcoin without sufficient understanding and assume that there is no risk in investment. I noticed that you are eager to share your understanding of Bitcoin with them, yet cryptocurrency is banned in your nation. Because the internet can trace everything you do, it may be prudent to utilize a VPN whenever you research cryptocurrency.

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Well I think this is a nice thing to do, educating your unemployed friend about Bitcoin. I always think it is good to educate people on bitcoin and because it is free to do it then its even better reason to.
Knowledge for free is a good thing and many people could maybe benefit from your crypto knowledge. Knowledge is power and it is something we all want.
I will sometimes discuss Bitcoin with my friends and colleagues who knows I am into it. Sometimes that will ask me some questions when there is something crypto in the news. The main focus is usually to earn money so I tell them to just buy the dip and HODL it for years to come.

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Bitcoin is a decentralized digital currency that operates on blockchain technology. It offers potential benefits such as financial inclusion, low transaction fees, and global transferability. While it has gained value over time, it's important to approach Bitcoin as a long-term investment and be cautious of market volatility. Securing Bitcoin holdings and being aware of online scams is crucial. There are learning resources available to deepen understanding, and exploring emerging job opportunities in the blockchain and cryptocurrency industry could be beneficial. However, it's essential to recognize the risks associated with Bitcoin and make informed decisions.

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Quote from: minairia3 on May 31, 2023, 09:37:01 AM

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With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

what you say is quite reasonable. and I agree with your words. Due to the situation of OP's friend who doesn't have a job, this is certainly not the right time to take risks to invest. Unless they are young people who have rich parents who always give them pocket money. then invest with pocket money I don't think it's a problem (just kidding with a little seriousness).

But does the OP mean short term investments like day trading or something? because if it's a long term investment then of course friends who don't have a job and if they have savings and then invest in bitcoin. then I believe in the near future they will resell their bitcoins because they will need the money to meet their needs.

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Quote from: Minor Miner on May 30, 2023, 08:23:55 AM

Quote from: summonerrk on May 30, 2023, 07:47:23 AM

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

~~~

It is very noble to tell your friends about cryptocurrencies in the same bitcoin.
Just like you, my friend enlightened me on the topic of cryptocurrencies many years ago. Then bitcoin was worth about a hundred dollars. But then I didn't believe him in the success of biteoin.
Nevertheless, I am here, and I am grateful to my friends who worked on my understanding of the blockchain and how much it is a breakthrough technology.

You are doing a good deed, but always warn your friends about the risks that cryptocurrency carries. After all, this is a dangerous financial instrument.

His actions are good, he is trying to help his friends. But honestly, I don't think bitcoin is suitable for this situation because those 2 friends are unemployed, and we don't know what their life is like. As many others have also suggested, they need a job rather than focusing on investing in bitcoin with their savings. I don't know if OP thought of that situation. What if bitcoin investment is not profitable or will take a long time? We all know that the unemployed desperately need money, and they can't wait to get it, and it would be a terrible prospect for the OP's friends if the investment didn't go as they expected.

You have an absolutely serious view of the risk in investing, and of course, before advising your friends to invest in bitcoin, OP need to warn them that this friends can lose everything. I think that the friends of the author of the topic perfectly understand that you can not risk money that you can lose. Or I hope that they will have the opportunity to find a permanent job, and only then invest.

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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.

Well you stated then it's only your friends that have barely understanding regarding Bitcoin, it doesn't mean it's only you are the person who knows about Bitcoin. Probably other people in your area also knows about Bitcoin but refrain to be in front of people because they just don't want to and keep them anonymous. Can't really blame that since they only talk about Bitcoin mostly with their own groups.

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?

It's great step for you to actually teach them and knowledge them about Bitcoin not only in positive way but also tell them the negative stuff about Bitcoin so they know the risk once they keep in touch with Bitcoin also they will not surprised once something happens where most likely it's unexpected at all. The thing about legitimacy in your country then would recommend to just keep it with your friends instead of publicly acknowledging people about Bitcoin. I'm pretty sure you can teach them slowly but sure about what's good with Bitcoin and what's not.

Asuspawer09

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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.

I mean you don't really know if you're the only one that has knowledge about Bitcoin in your area, they might already try it or know about it. Also, you cant assure them that if they get involved in Bitcoin unemployment will be solved that's not true at all, not everyone who knows or is involved in cryptocurrency or Bitcoin wins, there are a lot of losers as well, it's a risky investment obviously.

For the most part, what you can do for them is just teach them about your knowledge of Bitcoin what is bitcoin, what is it used for, and some basic knowledge that they can use if they really want or they are interested in investing in Bitcoin but don't promise anything on them.

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Quote from: minairia3 on May 31, 2023, 09:37:01 AM

Quote from: ?? on ??

With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

Yeah agree with you statement, Bitcoin never solve financial problems It will create new problems if unemployed friends can't control their money which is bitcoin is not solution to making they rich it will make they more poor, never educating someone who dares take a risk, atleast teach them how to get coin from airdrop so they will learning by doing how to manage buy and sell coin without loss their money

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Quote from: ?? on ??

With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

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Quote from: Smartprofit on May 31, 2023, 08:46:45 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.

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.

If I were you, I would not tell my friends that I own and trade bitcoins.

I would just tell them that I heard about this technology from third parties and got a bit interested in Bitcoin. After that, I would tell them about the pros and cons of investing in bitcoin.

If they were not interested in my story, then I would not convince them that investing in bitcoin is what they need. Perhaps this is not true.

Your friends do not have a permanent job, perhaps they do not have free funds to invest in bitcoin. Perhaps they need to find a job first, and only then buy bitcoins for themselves?

I think you have point since OP said it's illegal in their country so it would be better to tell a story in a third party, that's why Bitcoin was made for you to be anonymous no need to expose what you are doing. If they really curious and really interested maybe you can give more information for them of course it should be included the risk and negative effects. But the thing that I would like to consider is that they don't have sources of money so how they could invest in Bitcoin? You shouldn't put your savings in a volatile environment that might lose your assets in just second. Find a job that could support your needs if you have extra money then that's the time you could put some investment.

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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.

If it is in your area, I would probably agree and believe that you are indeed the only person who have a better understanding about bitcoin and how it works, etc. But telling that you're the only person who knows it in your whole region is quite a bit much to say, it's an overstatement, IMO.

I have no quarrel with you if you're sharing what you know about bitcoin in the circle of your friends and what could it possibly give them if they will start their own journey because that is indeed our duty and our responsibility to share the knowledge, and not to keep it as a secret. Nakamoto gave this chance for all of us, to establish a better live rather than be blind about the reality which most of us here in Earth do not know.

Findingnemo

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Quote from: CryptoBuds on May 30, 2023, 08:25:26 PM

Snip~

Did you get rich by trading without knowledge? And are you guiding and advising people to trade without knowledge? From what you said, trading is very simple, why is the win rate in trading so low, if not extremely low? I have seen many wealthy people, change their lives by holding for a long time, but really I have not seen anyone make a lot of money from trading with only a few hundred dollars and without knowledge.
If trading is so easy to make money, I advise all unemployed, homeless people to join the trade, and then they will make a decent amount of money. That way, they don't need to go to work or sleep on the street because money is easy to earn.

I didn't say I became rich by crypto trading without having any knowledge about it but to start we don't need that extensive knowledge, if we just stick to the basic of buy low and sell high you can make money so that is better than starving to death due to unemployment.

Trading is easy though, but being consistent in making profits is not possible for anyone well anyone can start trading with few dollars, a smartphone and internet then why still millions out there are not doing it? Cause they're ignorant about trading.

And I bet 95% of this world population unaware that something called trading stocks, forex or crypto exists.

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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.

If I were you, I would not tell my friends that I own and trade bitcoins.

I would just tell them that I heard about this technology from third parties and got a bit interested in Bitcoin. After that, I would tell them about the pros and cons of investing in bitcoin.

If they were not interested in my story, then I would not convince them that investing in bitcoin is what they need. Perhaps this is not true.

Your friends do not have a permanent job, perhaps they do not have free funds to invest in bitcoin. Perhaps they need to find a job first, and only then buy bitcoins for themselves?

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That is a good one by sharing your knowledge to your friends in your area, because the world is changing and unemployment is increasing on yearly basis, in other words, Bitcoin has given many people job in one way or another, and you can only teach what you know in Bitcoin, because, Bitcoin has many function's, that is beyond investment. And is good to have the basics knowledge of Bitcoin and how it been trading in a platform.

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Quote from: Cryptmuster on May 31, 2023, 04:04:08 AM

Quote from: AicecreaME on May 30, 2023, 08:38:18 AM

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

If you have a talent for doing business, then you can live in abundance anywhere in the world. I know people who earn a lot of money with the help of business, they have reached the level that they have everything they need and they don’t even think about dealing with cryptocurrencies. Bitcoin can give you a chance to earn something if you do everything right, but the same applies to the business, it is also able to bring a lot of money if you can organize everything properly.

It's true, cryptocurrencies are not the only way to make us a lot of money, to make us financially free. Many people are still living rich life without cryptocurrency. We need cryptocurrencies because we are willing to take risks to get rich quickly, but many people don't want to admit this fact.
Sometimes you don't need to have talent, you just need patience, effort, and hard work, you can also build your own business or start a business in any field you think has potential. Without those things, whether investing in bitcoin or going abroad to work, we will never succeed.

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Quote from: Cryptmuster on May 31, 2023, 04:04:08 AM

Quote from: AicecreaME on May 30, 2023, 08:38:18 AM

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

If you have a talent for doing business, then you can live in abundance anywhere in the world. I know people who earn a lot of money with the help of business, they have reached the level that they have everything they need and they don’t even think about dealing with cryptocurrencies. Bitcoin can give you a chance to earn something if you do everything right, but the same applies to the business, it is also able to bring a lot of money if you can organize everything properly.

Talent is inborn, and not all of us have it, but that doesn't mean that you can't do business because business can be learned through knowledge and experience, and having a talent for it is a plus. That is why others are not good in business but are smart, which they learned over time and improved their business. It is just a matter of working hard and doing it smart.

Topic: Educating unemployed friends about Bitcoin - page 5. (Read 1303 times)