Topic: Educating unemployed friends about Bitcoin - page 8. (Read 1299 times)

That is the problem in this situation, crypto is illegal in their country. And that means, you will be introducing them to "illegal" thing.
So instead of introducing them to bitcoin, it is much better if you will give them other options to find a real job.
Being unemployed means they don't have stable income, so do you really think it is smart to get involve in this market knowing this market is illegal in your area?
This market may be of positive influence in your funds, however, you can't tell the same for your friends.
There will be other good times to introduce this market to your friends, but for now, look for other means of finding a stable income.

Even though Bitcoin is not a new concept to the world because various social medias that are full of words about Bitcoin and cryptocurrency in general, I always feel so happy to see someone raising awareness of it, especially when they decide to take the time to teach their closest friends who don't know anything about it. I believe it will be a great help in terms of Bitcoin adoption. Many individuals found it challenging to learn about Bitcoin on their own unless they have someone that will teach them before they have the bravery. individuals raising awareness by teaching others make them comprehend the technology and embrace technology systems easier.



There are many ways someone can earn money through bitcoin either by trading and Bitcoin investment or doing some certain things in cryptocurrency industry but all this are not reliable sources of income, so i don't see it as an opportunity of employment.


If teaching them about Bitcoin is something you feel strongly about, I would advise against it if it is not legal in your country. However, if the rest of friends are very interested, you should only teach them a portion of it privately and introduce them to the Bitcointalk forum so they can learn the rest from here and keep you out of any possible trouble.

Yes, that's probably the best way to avoid yourself from the nearest apparatus, because if it's illegal, then when we force access to it and many people know about it, of course, you have to pay very serious attention because it endangers yourself.
Because indeed if bitcoin is illegal in the country and then we expose ourselves to the surrounding environment because we invite some friends and teach them, chances are traitors will exist in that friendship environment, and that makes all the investments that are made chaotic, which was intended for good instead like killing myself indirectly, I agree that it is better for me to keep my knowledge of bitcoin than to find myself in an insecure position if I am in a country where bitcoin is not legal.

I just want to protect myself and my bitcon.

It is good to hear from you OP that you are educating your friend about Bitcoin but I would suggest just stopping there and never give them excitement or a reason for them to invest. And why? Don't make your friend compromise their finances knowing that Bitcoin is illegal in your country as you will be the one to blame once the authority seizes their crypto. You can help them in some other ways like encouraging them to start small businesses or invest (but not in crypto). Well, educating them serves as their preparation for the future once it was legal but until it was still illegal, never do that.

If your friend is unemployed, you should help them get a job rather than teach them about bitcoin. Bitcoin investing is not a job that can bring a steady income, it is merely an investment, and investing is a gamble with winners and losers. Furthermore, if bitcoin is illegal in your country, then you are burying yourself trying to break the law by teaching bitcoin to others. I think you should stop this idea as soon as possible the better for you.

Even if you're going to teach them about Bitcoin, if it's illegal in your country, they can't rely on Bitcoin as their source of income to solve their unemployment problem. It would be hard to rely on something that you know isn't legal in the first place. It's good that you're giving them ideas and learnings about Bitcoin but are they really willing to risk it? Investing in Bitcoin is already a risk, and knowing that it's illegal in your country makes it more risky.
It would have been easy if it isn't illegal because there won't be any hindrance from the government about getting into Bitcoin. If op continues to engage in Bitcoin, he should be careful sharing and opening this topic with the people around him.

All of the decisions remain yours, even if you believe that they are intelligent enough to understand cryptocurrency. However, you should at least inform them of the risks involved before investing in cryptocurrency because if there is a market crash, your friends may believe that you forced them to do so, and they may lose their money or become victims of a scam.
You can proceed if you believe they are intelligent enough and there is no question in their minds, but if not, you shouldn't involve them in anything that you will later come to regret.

Certainly! I'd be happy to provide you with some information about cryptocurrency to educate unemployed friends. Bitcoin is the first and most well-known cryptocurrency, and introduced the concept of decentralized digital currency and remains the most valuable and widely accepted cryptocurrency to date. Despite of concerns related to, if you help/ educate someone about the Plus points of BTC, It will be more helpful for a friend who is seeking any type of job.
Bitcoin offer several potential advantages, but it needs the relative study and know how about BTC and the market .join relative forum and communities which can provide valuable insights and discussions. It's essential to be aware of the risks associated with and it's important to exercise caution and conduct thorough research before making any financial decisions.

If Bitcoin is prohibited in your country, you should not need to say anything about it to your friends because it is risky. You could tell a story about Bitcoin if you only have a few friends you trust, so it won't be too risky, especially if you can share a story at a friend's house.

And although Bitcoin is for everyone, you must have the money to buy Bitcoin and make it your investment. And if they don't have money to buy bitcoins, they need to work until they have money, then they can buy bitcoins. You can teach your friends at a friend's house and not in public because Bitcoin is banned in your country.

Not just that, but they usually won't even sell on time and then they will again complain why you didn't tell them to seel, or they will start panicking adn ending up selling with loss. In 99% od the cases you will lose so why bother.

I talked out more people from buying Bitcoin because I know that they are either just gamblers that are looking for a quick flip, that they are too scared to hold for longer period of time or that they simply can't afford it.

I found one article that was released in 2021 where in the article it states that:

Bangladesh Bank to CID: Trading, owning cryptocurrency not illegal

I don't know where the OP's country is from, but since he is a Bengali speaker, then maybe he is a Bangladeshi citizen.


I don't know why you are doing like that instead of encouraging people to engage more in bitcoin. Scared them with negativity like price volatility, potential loss of money, scams and hacks is the best way to drive them further away instead of believing in bitcoin's lucrative potential. So if you want to help bitcoin and spread visibility then tell them about the positives instead of too much negativity.

It's either you are overrating yourself though you are telling the truth and you're the only one who knows Bitcoin in your place, or there might be a chance that there are some people in your place who knows Bitcoin or at least heard Bitcoin already. You just don't know. Well, if you asked them one by one regarding Bitcoin, and no one really knows what is it then I guess you are telling the truth in this one.

This is why misinformation is very dangerous especially online.
I'm pretty sure that your friends are misinformed about what's the truth about being involved in Bitcoin. Nowadays, it's very hard for a newbie to know which information are true, and which are not. With too many influencers online that are spreading false information on their different social media pages, the ones who want to spread the real information are being left behind, and no one is listening to them because of these influencers.

Take time to guide your friends. It's the only way for them to know the truth.
I believe that you will guide them, and for sure you don't want them to be unemployed forever right? You already said that there are many ways to earn Bitcoin, and if you know some of it then care to share it to them so they can earn as well.

Ohhh so Bitcoin is illegal in your country, eh?

I guess just forget teaching Bitcoin to them, and instead let them find a job, and go out of unemployment. Since Bitcoin is illegal in your country, it would be better for them to just let them do their own research with regards to Bitcoin. Just think of this. What if your friends know Bitcoin already thanks to you, and then one time they shared information regarding Bitcoin to other people, and knowing that it's banned in your country, there might be a chance that an authority might know that you, and you're friends are involved with it. Are you ready for the consequences?

You help them? It might be the other way around, and you might be in trouble if you will continue to teach them.
Unless you will teach them how to use Bitcoin in your country without getting banned then I guess just continue teaching them. There are many information online that will help you. TBH, if I'm in your shoes, I will not teach anybody regarding Bitcoin just because our government banned it in our country.

I think OP walks on a knifes edge, as he is trying to teach about investment an opportunities people who dont have money. What people usually tell about Bitcoin? They dont tell about anonymous transactions and transparency of them. They most usually tell about how those who spend dollars in 2011, now became multi millionaires. People with low income, broke or unemployed are always greedy for such easy money. OP, you might spoils some persons lives, if they now take loan or borrow money, and invest in scam altcoins. So be careful and warn them (and better double or triple warn them about that).

Bitcoin is illegal in your country so I don't want you to start their bitcoin there in an institutional form. Since you have acquired some knowledge about bitcoin I would say you can teach them bitcoin verbally in your personal home environment. And to give them an initial idea, at some point you give them a chance to trade first with a small amount of money. So I would like to say that since the domestic legal system exists in every country, it is better not to take extra risk. And I think the first step is to learn to trade by slowly training if you have the money to make a small investment and learn bitcoin in a new state.

I aghree that OP isn't helping them by introducing them to bitcoin but the points you pointed out seem nonsensical, bitcoin isn't just an investment, it's also a currency that you can use to buy goods and services, it's unpopular as a currency because Laszlo made a monumental milestone in bitcoin history but I digress, your second point seem right but I don't think it's not a good enough reason to discourage someone to invest in bitcoin, they can probably just invest a small part of their savings to jumpstart their journey.

Is Bitcoin legal in your country? If it's a no for an answer it's better to avoid teaching people how to make money through Bitcoin because you are exposing yourself, and it can lead to your arrest.

I don't talk too much about the good side of Bitcoin if I want to introduce people to people, I always try to scare them first, to see their reaction and if truly they are ready to lose some money, talk about the volatility, talk about the possibility of losing their Bitcoin if their wallet recovery seed becomes visible to the public.

More people have walked away from me than those that really end up staying and still insisted that I teach them about Bitcoin investment, this will safe your time from people that only want to see themselves making money without any botheration.

Back to the concept of work and career, the greater the opportunity, the greater the competition. Bitcoin won't throw away unemployment if you don't have the skill preferences to compete.
Now your job is to show and then teach them that you earn bitcoins the "way" you mean.

Speaking of profit then yeah, anyone can be interested depending on what profit level you convince them. But if I were you, I wouldn't be suggesting (even talking about) any investment. Just think about it, now they're unemployed, their daily needs are for today, a week or a month ahead.

Sad to know, I have no way to take them against regulation.

However, cryptocurrency serves as an escape for those who seek additional income beyond their primary occupation; this fact is undeniable. Some individuals may not care and lack the desire to delve deeper into the realm of cryptocurrency, and that's perfectly fine.

However, for those who are educated, delving into the intricacies of cryptocurrency is an opportunity they won't overlook. It implies that there will be individuals who, even if they initially enter the "money-making" path, will further educate themselves about cryptocurrency. And we hope that these educated individuals can contribute to the community and Bitcoin.

Bitcoin is illegal in their country, and if you don't use bitcoin to invest, what can you use it for? It's good to teach them about bitcoin, but if you have the knowledge but don't apply and take advantage of it, it will be pointless. But you are right, they should not invest with that little savings, what they need to do is find a stable job, then hone their knowledge of bitcoin and invest in them.

I think learning Bitcoin or knowing what Bitcoin is, and how Bitcoin works will never be illegal in any country in the world. So for me, it's better to start there, because it doesn't mean you need to own Bitcoin before you will know what Bitcoin is or how Bitcoin works.

Second, after you and your friends know what really Bitcoin is, identify in your country the real regulation about Bitcoin, and check what is really illegal, or illegal to own. illegal to buy or sell? Because maybe that is only fake news or there are some legal things to do with Bitcoin, it's just not clear how your government delivers to their people.