Topic: I managed to invite 1 of my friends to invest in bitcoin - page 5. (Read 980 times)
Your investment decision should be based on your personal choice not under anyone direct influence.Although investment in btc is good decision if he holds long term but it should be clear to you why prices would rise due to adoption and demand and the basic knowledge about it which will help you to understand your investment.So ask your friend or tell him to learn about it through few resources which will help him a lot.
today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..
and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?
I think it's odd that someone who holds a cellphone and sees an ad appear to his phone asks someone what it is all about. But it's probably because you're looking at his phone.and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..
and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?
But if that guy wants to invest, I'll just give him the idea of what bitcoin is but I'll not push him to buy bitcoin and just will give him the hint on what bitcoin is and the resources where he can start reading.
Listening to someone without knowing what they're up to invest is totally an odd situation because too many scams might occur today wherever we are as long as we're connected to internet.
Sorry, I doubt the veracity of OP's story.
As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.
Makes sense, I am personally careful and do not trust all the adverts that come up on my phone whenever I am on the Internet. We know that cybercriminals can go a long way to lure their victims even to the level of creating ads, websites etc. just to ensure they look real. Many people already know this and know better to ignore adverts especially on their phones. If I am someone else and I search about bitcoins on google and then shortly after I begin to see ads about bitcoins and cryptocurrency, I can understand that it is because I was interested in bitcoins and searched about it that is why I am seeing ads about my interest. But for someone who did not search for bitcoins and then begin to see ads on their phone about bitcoin investments, I do not think they will be interested to click. As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.
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Ops I can say you have not really done well in educating the individual with the most important aspect, you mentioned the risk of price volatility which is ok, but you did not mention anything concerning wallet and wallet security and management to him\her.Wallet management and security is the fundamental primary thing to teach any newbie, because if they don't have proper knowledge about wallets it could lead to them losing all their investment in the long run which will not be a good experience for newbies and even old members, one of the important aspects of knowledge we need in the cryptocurrency industry is security of funds and our personal details and how we manage them so you should educate the ops in question and is good that you introduced the individual to this forum, that way he will gain knowledge from other members of the forum that already have an in-depth knowledge of the industry since you are still a newbie that lacks adequate knowledge.
I'm starting to see a pattern here. There was a time when I kept seeing threads in the B&H section prasing Bitcointalk and/or the merit system. They were obviously an attempt at merit fishing. For a while now I keep seeing threads on Bitcoin discussion like this one, although some are genuine, with photos, but this one looks to me like a blatant attempt at merit fishing.
First sober reply in this thread. I've been waiting for you, to be honest.
A rather simple and silly story of a beginner who, in the process of buying products for the house, casually tells the seller about bitcoins. This is so sucked from the finger that you can not finish reading the post, knowing where the OP is leading. This joyful, "I managed."
I still can’t, and I don’t want to, explain to my friends about bitcoin without raping their brains and calling for contributions to it. And then a simple "passerby" was pulled by the sleeve and persuaded to invest. Well, we've seen funnier fantasies as well.
Sorry, I doubt the veracity of OP's story.
As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.
As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.
OP's story isn't obvious, but it's also possible that OP is telling the truth. Maybe the other friend has heard a lot about bitcoin before and has an interest in it but has not had the opportunity to be guided by someone. So he can still invest after meeting the OP and having a short chat. But OP shouldn't advise him to invest immediately but teach him the basics first. Two people were in a hurry, and buying bitcoin without knowledge was a mistake.
Sorry, I doubt the veracity of OP's story.
As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.
As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.
Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.
That’s absolutely right. She should have just inform her friend that what is Bitcoin and how can he use those bitcoins to benefit himself. Bitcoins are not as easy to store as it seems, as there are many security issues and chances of getting hacked. So your friend have to understand the fact about how more securely, he can store the Bitcoins. But it’s great to know that you have referred your friend for managing his money independently. Waiting to hear more updates from your friend.
I'm starting to see a pattern here. There was a time when I kept seeing threads in the B&H section prasing Bitcointalk and/or the merit system. They were obviously an attempt at merit fishing. For a while now I keep seeing threads on Bitcoin discussion like this one, although some are genuine, with photos, but this one looks to me like a blatant attempt at merit fishing.
Without being able to verify it, I wouldn't be surprised if he had invented it.
I find it strange if he immediately buys it right then and there ...
Without being able to verify it, I wouldn't be surprised if he had invented it.
and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?
and i also suggest to join this forum to learn more about bitcoin.
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?
I find it strange if he immediately buys it right then and there and maybe because I wasn't there knowing how the story goes, I think you are too hasty to teach him to buy it without having any experience learning it or just having known it before.
But it's a good step to introduce bitcoin because he inevitably has to learn bitcoin because he already bought it, I think the drive of fear of loss and curiosity will make him learn more about bitcoin, maybe you should continue to guide him well.
thank you for the advice you gave, to be honest I am very happy because you all responded to my post, and indeed I admit that I was too rash in taking action, hopefully with the replies from you all it will make me more mature and hopefully my insight will develop.
You should also warned your friend that you should not hold bitcoin in exchanges. The way how you explain bitcoin is mostly about investment and you can get profit , yes you warned your friend but you should explain to your friend what bitcoin really is and not invest as it was created for that purpose, it is just people made it an investment because of value but still you done a great job trying to explain this just make sure to check your friend what is his status right now and try to explain more.
Either it's a stranger, friend, close friend, brother, sister, mother, father, uncle, grandmother or grandfather told to invest in X asset and you will make money from it without any knowledge of those asset, 99% you will regret when you follow their advice. This because you're not understand anything about the asset and only focus to make easy money, when someone has sole purpose to make money, they wouldn't want to suffer any losses even it's still an unrealized loss.
congratulations, because you have succeeded in inviting your friends to invest in bitcoin.
and you are also good because you have explained to the shop keeper about the risks of investing in bitcoin. so in my opinion you are not wrong if you have explained to the shopkeeper about the pros and cons of investing in bitcoin, and you are also good because you have suggested buying btc starting from small money first, and that's how it should be for beginners. because with small capital, the risk is also small.
and you are also good because you have explained to the shop keeper about the risks of investing in bitcoin. so in my opinion you are not wrong if you have explained to the shopkeeper about the pros and cons of investing in bitcoin, and you are also good because you have suggested buying btc starting from small money first, and that's how it should be for beginners. because with small capital, the risk is also small.
today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..
and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..
and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?
If this were asked before it happened, I wouldn't agree with you, but it's already happened, so what you need to do now is not leave him alone in the market. At least you have more knowledge than him, you will know what to do better. Second thing: what you need now is not buying a lot of bitcoins but knowledge, both should spend a lot of time learning. Once he has the knowledge investing will become easier, and he won't blame you if his investment fails.
If I were in your situation I might have warned my friend right away not to click on that ad. I would have advised him right there and then that 99% of ads are risky or even possibly scam.
Secondly, it's good to educate him that the ad is about Bitcoin, proceeding to describe him what Bitcoin is. But I don't think you are describing Bitcoin to him in a right way. To a newbie who hasn't known a thing about Bitcoin yet, I think it is wrong to define it as an asset for the future and for investment. The possibility is that your friend ended up investing in something he doesn't really understand.
Secondly, it's good to educate him that the ad is about Bitcoin, proceeding to describe him what Bitcoin is. But I don't think you are describing Bitcoin to him in a right way. To a newbie who hasn't known a thing about Bitcoin yet, I think it is wrong to define it as an asset for the future and for investment. The possibility is that your friend ended up investing in something he doesn't really understand.
It seems that you are being too hasty in inviting investment in BTC, because it is likely that if that person loses you will be blamed.
but to be honest of course I appreciate your good effort, but as you said you are a beginner so at least you should give him a long time to think about investing in bitcoin. so he doesn't regret it later. but yes, now it's over, I hope your friend succeeds with his investment.
but to be honest of course I appreciate your good effort, but as you said you are a beginner so at least you should give him a long time to think about investing in bitcoin. so he doesn't regret it later. but yes, now it's over, I hope your friend succeeds with his investment.
Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.
I totally agree with your opinion, before we invite friends to invest in bitcoin we must first know about investing, trading and storing bitcoin,Because before we make an investment, we must first know about technical analysis, you also need to remind your friends that the risks involved in investing in bitcoin are quite high.
Congratulations on inviting your friend to investing in bitcoin. I hope he or she would get through as time goes on. This is the awareness and the kind of news I would rather anticipate to hear. You have done well OP. I hope you were able to take your friend all through the stages involved. It would be nice you tell your friend about the market volatility and how it is so as to avoid some unnecessary stress when it happens so that you will be free of blames and regrets. Did you let him or her know about the phrase " not your keys,not your coin" hope you told your friend exchanges are not a permanent safe box for funds and assets.
Your friends directly invest without knowing the basic of bitcoin? I think this is too fast but somehow you have to teach him first about bitcoin, not inviting him to invest directly, this is not the right way, while he is only persuaded by the seduction of big profits without thinking about the risks, even though you have warned him, so it's clear that without learning, it's not the right one for you he who knows nothing.
Wrong or not, what is clear is that you will definitely be held accountable if your friend doesn't want to lose big because he doesn't know the concept of real investment in bitcoin, especially since you are also a beginner who is still new to bitcoin.
Wrong or not, what is clear is that you will definitely be held accountable if your friend doesn't want to lose big because he doesn't know the concept of real investment in bitcoin, especially since you are also a beginner who is still new to bitcoin.
if you think about it, yes, yes, I act too fast. but fortunately I told him that to invest in btc don't use big money to buy bitcoin yet, so initially he would invest a fairly large amount, but I gave advice not to use big money to buy bitcoin yet, especially for beginners, so just try small. and finally he invests with small capital, so the risk will not be big either.
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