I'll always tell people about bitcoin - page 3.

Wend

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Quote from: Asuspawer09 on July 29, 2023, 07:31:14 PM

Quote from: Y3shot on July 27, 2023, 02:31:29 PM

This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and it is their decision to invest in it.

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

Dont forget to teach them about the risk on investing on cryptocurrency, your teaching them wrong just saying that go and buy bitcoin and then you might get lucky and possibly earn a good amount of profit, well it might work but doesnt exactly work like that because investing on Bitcoin is one of the riskieast investment that you could make because of the volatilr market price. If you dont teach them the risk they just think that it is easy just waiting and then thinking that it is going to give them profit in the future, its difficult to believed on bitcoin if you dont really understand the market cycle and how bitcoin works. They would just end up losing a huge amount of money and surely going to blame you in the end. The trick in my opinion is dont teach them because there are surely going to be dependant on you, ehat you should do is make them figure it out on there own because it wouldnt really make sense if your just going to spoon feed everything.

If we only talk about the advantages, emphasize the profits, and ignore the risks of telling bitcoin to others, we are doing them more harm than we think we are helping them make money. Yes, bitcoin is a riskier investment, if not the riskiest, when compared to traditional investments. But many people are under the illusion that investing in bitcoin is risk-free, it will always profit them. Don't forget that the higher the return, the higher the risk, fantasizing too much about bitcoin is like killing yourself.

Vaskiy

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Quote from: bittraffic on July 29, 2023, 10:35:28 AM

When you tell people about BTC, you somehow carry a vague responsibility. If you feel that way, you must also tell them to sell to take a profit when the bull market is almost over. The blame will be worse when the person you convinced to invest in BTC is your close friend. You don't wanna lose that trust and friendship.

I feel ashamed of one of my colleagues when I told him to buy XRP back in 2016 and not send a notice to sell when the bear market started in 2018.
I took the responsibility too. I always remind my sister to sell the coins that I sold to her because I don't want her to suffer the same fate that I did in 2017.

To be on the safer side we should not give suggestions on investment. We need to just give the introduction and further direct them towards the available sources. Let them choose what is necessary for them. When we give suggestions, surely the blame will be on us if the same didn't profit. Opposite thing happened with me, I introduced cryptocurrency to a person and never suggested on investment over particular cryptocurrency. He chose something on his own and was lucky to make good money, and I supported him to buy as he doesn't have the proper knowledge back. Once after booking good profit he never said a word on it later. So we need to introduce and never expect them to be good with us.

Asuspawer09

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Quote from: Y3shot on July 27, 2023, 02:31:29 PM

This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and it is their decision to invest in it.

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

Don't forget to teach them about the risk of investing in cryptocurrency, you teaching them wrong just saying that go and buy Bitcoin and then you might get lucky and possibly earn a good amount of profit, well it might work but doesn't exactly work like that because investing on Bitcoin is one of the riskiest investment that you could make because of the volatile market price. If you don't teach them the risk they just think that it is easy just waiting and then think that it is going to give them profit in the future, it's difficult to believe in bitcoin if you don't really understand the market cycle and how bitcoin works. They would just end up losing a huge amount of money and surely going to blame you in the end. The trick, in my opinion, is don't teach them because there are surely going to be dependent on you, that you should do is make them figure it out on their own because it wouldn't really make sense if you're just going to spoon-feed everything.

TelolettOm

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Quote from: bittraffic on July 29, 2023, 10:35:28 AM

When you tell people about BTC, you somehow carry a vague responsibility. If you feel that way, you must also tell them to sell to take a profit when the bull market is almost over. The blame will be worse when the person you convinced to invest in BTC is your close friend. You don't wanna lose that trust and friendship.

That's why you must remind them about the risks. And they also must understand that you only share the information and it is not a must to follow it. But if they want to try investment, you must tell them that you have no responsibility with the potential risks. DWYOR is the common words to remind every crypto investor about their investment is with their own responsibility.

I always do the same way even it is to my close people. I remind them DWYOR.
Sure, it will be more complicated if the close people blame us. We all know it easily ruins the friendship or brotherhood if it is about money.

Quote from: ?? on ??

When BTC reached $69000. I didn't choose to sell it. but the current price of Bitcoin dropped to less than $30000. Is it the most reasonable choice to sell BTC now and turn your attention to other investments? I hope to get some good suggestions. Although I have held BTC for many years. I am not good at management.

You copy paste your previous post https://bitcointalksearch.org/topic/m.62615329.
Why should you do this? That post is also OOT, dude. Huh

BD Crypto

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Quote from: Y3shot on July 27, 2023, 02:31:29 PM

This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and it is their decision to invest in it.

I think by observing risk and reward ratio of Bitcoin its really beneficial to tell others about Bitcoin but you must teach them what are the pros and cons, how he may lose it or make it secured, how to be anonymous and how long he should hold it. If you miss any one them or just telling about the advantages of Bitcoin to others then you are doing worng. Tell every basics regarding Bitcoim what he must know.

I also tried to spread knowledge about Bitcoin among my family and friends. But I have shared every risks and rewards of gaining it so that they have a clear vision on it. I can't play with others money or investment. But recently I have stopped doing so because I was forced by the government rules. They published that anything related cryptocurrency is illigal. So I am just for the better days to spread more a about Bitcoin. And hope it will come soon.

KaizenJujustsu

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It doesn't mean that if you introduce Bitcoin to someone, they should already buy or invest some of their money in it. Remember, if you are introducing Bitcoin to someone else, you should be telling them the risk of investing in it by explaining to them that the price of Bitcoin is not always a win-win situation. Explain to them that Bitcoin's price is volatile, and you can not say when it will go up or down.

If you ask me, I will only introduce Bitcoin to people interested in learning more about Bitcoin and other cryptocurrencies before they buy it because I don't want to look like I am pushing them to buy it. That's why I only want to talk to people eager to learn more about it rather than to people only looking for easy money.

DanWalker

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Quote from: Franctoshi on July 29, 2023, 10:10:06 AM

Quote from: Y3shot on July 27, 2023, 02:31:29 PM

This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and they decide to invest in it.

Because of the risk that is in Bitcoin, it won't stop me from telling people about Bitcoin which will better their life if they found it interesting.

Normally, is not bad to tell people about Bitcoin, but the issue is that people come to invest in Bitcoin, but they do different things, some will head on to put their money in shitcoins and will get scammed or lose money in the process and after which they lose money they put the whole blame on the person who introduces bitcoin to them not knowing that they have done a different thing besides investing in Bitcoin.

Recently, If I should tell someone about BTC, I will give the person a list of risks that are associated with investing in Bitcoin and repeatedly tell them to invest with the amount of money that they can afford to lose.

We can still tell bitcoin for everyone, but it's best to emphasize the risks rather than focus too much on the returns. And it should also be emphasized we only give them the opportunity, but whether they know how to seize it and turn it into money is up to them, we can't help them do it.

In my opinion, just advising them to invest with the money they can lose is not enough. You need to hold them accountable for their decisions, because if an investment is profitable it is their profit, so if it is a loss it is their decision, not yours. Let's try to make it clear that we are just the ones who bring the opportunity, it's up to them to win or lose.

bittraffic

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When you tell people about BTC, you somehow carry a vague responsibility. If you feel that way, you must also tell them to sell to take a profit when the bull market is almost over. The blame will be worse when the person you convinced to invest in BTC is your close friend. You don't wanna lose that trust and friendship.

I feel ashamed of one of my colleagues when I told him to buy XRP back in 2016 and not send a notice to sell when the bear market started in 2018.
I took the responsibility too. I always remind my sister to sell the coins that I sold to her because I don't want her to suffer the same fate that I did in 2017.

tbct_mt2

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Quote from: irhact on July 29, 2023, 05:05:47 AM

There's nothing wrong when you tell people about bitcoin, since you didn't force them but only introduced something new that could changed their life if they take your advice, you're not doing something wrong and don't get disappointed when some individuals don't invest.

It is easy to tell it to someone but you must be responsible for what you tell them. At least must be responsible with information, knowledge you are sharing with them.

If you do things related to capital, investment, you must be more careful. It is their money but if they invest and lose money, they feel disappointed and might knock your doors to complain. You must prepare your mind for such pitty situations which I am sure you will not want to face with. It is headache and unneccessary to deal with. If they get rich, they might forget you and how you share them opportunity, but when they get loss, they will always remember about you.

Quote from: Franctoshi on July 29, 2023, 10:10:06 AM

Recently, If I should tell someone about BTC, I will give the person a list of risks that are associated with investing in Bitcoin and repeatedly tell them to invest with the amount of money that they can afford to lose.

It is not my financial advice for you and I only share you information that you must do your due dilegent research to verify my words. Lastly, if you invest, it is your decision and you are responsible for it with whatever results at the end. Always afford to lose before you invest.

I will say like that.

Franctoshi

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Quote from: Y3shot on July 27, 2023, 02:31:29 PM

This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and they decide to invest in it.

Because of the risk that is in Bitcoin, it won't stop me from telling people about Bitcoin which will better their life if they found it interesting.

Normally, is not bad to tell people about Bitcoin, but the issue is that people come to invest in Bitcoin, but they do different things, some will head on to put their money in shitcoins and will get scammed or lose money in the process and after which they lose money they put the whole blame on the person who introduces bitcoin to them not knowing that they have done a different thing besides investing in Bitcoin.

Recently, If I should tell someone about BTC, I will give the person a list of risks that are associated with investing in Bitcoin and repeatedly tell them to invest with the amount of money that they can afford to lose.

RockBell

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Quote from: Blitzboy on July 29, 2023, 04:48:48 AM

The cryptocurrency market is ripe with potential dangers and rewards, therefore its vital that you approach this in a sober fashion. The results of acting on false information can be catastrophic.

I, too, once felt strongly about spreading the word about Bitcoin. Years have passed since then, when the idea was still novel and resistance was lighter. But the current scenario is a special difficulty. The media's propensity for FUD has led many people to doubt Bitcoin's reliability.

I've adjusted my strategy as a result. Instead of trying to persuade people, I've settled on being a shining example for newcomers to the field. I'm happy to impart my wisdom upon anyone who displays an interest. Trying to sway people's thoughts, on the other hand? I've made up my mind to avoid doing it.

The entire eco system of bitcoin has two face which is profit and loss and how you take advantage of the market is in our hands, and since the market is moved by news and other factors is another risk to the system. And telling people about bitcoin is good and have taking it upon my self to tell people about the basic and the risk behind investing in it, making it a thing of choice, a lot of people have interest in investing, and considering the profit it comes along with, since the market is unstable fall in market should be expected anytime, investors are always emotionally prepared.

irhact

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Quote from: Y3shot on July 27, 2023, 02:31:29 PM

As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and it is their decision to invest in it.
Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

When you go with this approach you're doing the right thing because when you force people to invest in Bitcoin as you want the best thing for them, you're making them go against their will and they haven't understood what bitcoin is yet. But when you allow them to make their own decisions if they'll invest or not in Bitcoin, you give them the opportunity to do their research and understand bitcoin better which will help them when investing in Bitcoin.

There's nothing wrong when you tell people about bitcoin, since you didn't force them but only introduced something new that could changed their life if they take your advice, you're not doing something wrong and don't get disappointed when some individuals don't invest.

Blitzboy

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The cryptocurrency market is ripe with potential dangers and rewards, therefore its vital that you approach this in a sober fashion. The results of acting on false information can be catastrophic.

I, too, once felt strongly about spreading the word about Bitcoin. Years have passed since then, when the idea was still novel and resistance was lighter. But the current scenario is a special difficulty. The media's propensity for FUD has led many people to doubt Bitcoin's reliability.

I've adjusted my strategy as a result. Instead of trying to persuade people, I've settled on being a shining example for newcomers to the field. I'm happy to impart my wisdom upon anyone who displays an interest. Trying to sway people's thoughts, on the other hand? I've made up my mind to avoid doing it.

Dr.Bitcoin_Strange

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Quote from: Sim_card on July 27, 2023, 06:19:27 PM

That is why you don't need to force or persuade anybody to learn bitcoin

It is when you tell someone that bitcoin is a get rich quick investment that the person will blame you. If you tell them that bitcoin can only give profit when you hodli for long, I don't see any reason why you should be blamed for the knowledge that you passed on to them.

Yea, I agree with you.

You know that human beings at times are so conning, and even after telling them about the pros and cons of Bitcoin, they will still find a way to blame you, just because they wouldn't have anything to hold against you because you were not the one that forced them to take out their money against their will to invest in Bitcoin. I have realised that if you teach someone about Bitcoin because you feel you want to do them good, most of them will not appreciate it and they will blame you if anything goes wrong, but if you teach Bitcoin to someone who really is desperately in need of the education, then you wouldn't have to bother about anyone putting blame on you for anything because they have already set out their mind to go along the rabbit run of Bitcoin.

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Quote from: Outhue on July 29, 2023, 04:15:01 AM

I have problem with people about Bitcoin that's why I limit spreading anything about Bitcoin to others, I was not alone when I was struggling and after my first success through Crypto few friends that we went to same school came to me for some Bitcoin lesson, I believe I got lucky with them because they don't care much about the risk.

But there are some certain number of people that I shouldn't have introduce to Bitcoin, I did the right thing by telling them all the risk and when to buy Bitcoin, also what type of money is good for buying Bitcoin but now they failed to keep up, they are already tired of holding, after just 1 year and few months they want to sell.

Before this even happen, they have been asking me when the price will go up, and I get sick of it, I reminded them that I told them somewhere around 2025 but they pretended to never remember that part, I am pretty sure most of them sold their Bitcoin already, and I will wait for that long to show they how profitable patience can be.

Unfortunately people are stubborn and impatient when it comes to money. Just the idea of earning makes them so giddy that they cannot even wait for it come. It's unfortunate that some of these people even blame us for it when they are the ones who cannot wait and listen. Still, kudos to you for taking the time to share Bitcoin with others.

Tony116

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Quote from: xSkylarx on July 28, 2023, 02:59:53 AM

You are a really brave person, and for sure you'll still haven't encountered a person who keeps blaming you. You introduce him because you know there are kinds of people whose mindset is to blame anyone when they lose, etc., and I want to avoid this kind of person as it affects me a lot and I'm not comfortable with it. Though it is your choice, which is still good, and that is what you prefer, we won't stop you about this as you really want to help others.

In situations like this, the best way to avoid being blamed is to explain how unstable Bitcoin can be. This is where many people introducing Bitcoin go wrong they keep portraying Bitcoin as if it continuously generates profits with no losses if you are introduced into a business with this pattern, you will undoubtedly enter it, and if anything should go wrong, you will undoubtedly blame who introduced you. I also enjoy introducing Bitcoin just that I will tell you everything and allow you to make a choice yourself, and also tell you about the security and other basics, in my opinion, we should make everything plain while explaining Bitcoin.

Indeed, there are many people when recommend bitcoin to others who focus only on the huge profits that bitcoin brings, very few will emphasize the risks that bitcoin poses to us. But there are also people who are very stubborn, know they are wrong but always find a way to blame others when they fail, they never admit to themselves. So honestly, I don't recommend bitcoin to anyone either, I don't want to get in trouble and waste my time.

Of course you will start with the opportunities and benefits of Bitcoin when introducing it so people would be interested to it. People love to be spoon fed with information that they think are easy money. So if you forgot to mention its risk definitely they would come back to you as they lose their assets. If that's the case you have some partly fault since you didn't gave all the information about Bitcoin which is pros and cons. But if you provided all those information and still they blame you for their loss? Nah, it's your fault man as you stake your money you should researched a lot about it first and started with small amount. I don't know it's true that introducing Bitcoin is an advantage but the hassle from brain dead people is much worse.

When making up some introductions then it would really be something better to be on this way on which hooking them up initially on how to make money or profits because it would really be just that normal for a person to get interested on the time that they would be hearing out on how to make money or earning it on which it is likely that they would really be hooked up and would listen but of course later on you should really be telling the cons or disadvantage and risks on making out investment so that they wont really be blaming you out on the time that investment would go south.We know that this market is volatile and never ever that give out guarantees on making profits unless if you do hold for too long or many years then you would really be seeing that possible income but we know that not all people would really be having that kind patience when it comes to waiting game and this is why they would really be making out those steps on which it might be resulting into disaster. Its better not to make yourself having those kind of guarantees if you dont like on getting blamed out. Telling Bitcoin or crypto to people do really adds up that recognition and awareness of its existence but due to regulation and some behavior of some people then they arent really that listening on whatever they do able to hear out.

We all know that sharing bitcoin with those around us is a simple yet effective way to make bitcoin more popular and once demand increases so does the price. It is easy to say but difficult to do because no one wants to be blamed or cause unnecessary misunderstandings for their relationships. So very few people are willing to trade off those things for sharing bitcoins with others. OP is really a brave one among us because he can take those risks to talk about bitcoin to everyone.

Outhue

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I have problem with people about Bitcoin that's why I limit spreading anything about Bitcoin to others, I was not alone when I was struggling and after my first success through Crypto few friends that we went to same school came to me for some Bitcoin lesson, I believe I got lucky with them because they don't care much about the risk.

But there are some certain number of people that I shouldn't have introduce to Bitcoin, I did the right thing by telling them all the risk and when to buy Bitcoin, also what type of money is good for buying Bitcoin but now they failed to keep up, they are already tired of holding, after just 1 year and few months they want to sell.

Before this even happen, they have been asking me when the price will go up, and I get sick of it, I reminded them that I told them somewhere around 2025 but they pretended to never remember that part, I am pretty sure most of them sold their Bitcoin already, and I will wait for that long to show they how profitable patience can be.

Uruhara

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Quote from: Y3shot on July 27, 2023, 02:31:29 PM

This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and it is their decision to invest in it.

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

I appreciate your passion in spreading awareness about Bitcoin. And I hope everything goes well there. I personally already have an environment where people are more familiar with crypto and bitcoin. Because maybe there are more young people here. So that knowledge about technology and new things is very easy to accept here. So I don't need to be too enthusiastic about spreading bitcoin knowledge to people because maybe people around me understand much more than I do. Grin

In my country, the government and citizens seem to have high enthusiasm for crypto. Even recently our country just launched our own state owned crypto Exchange.

SquirrelJulietGarden

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Quote from: EFS on July 29, 2023, 12:23:28 AM

I stopped telling people about Bitcoin a long time ago. Everyone around me is already knowledgeable enough, there are even very good traders. They know everything.

They have everything available to start without needs to talk in person, learn in person with you or anyone else. They can learn with free courses, online articles, blog posts if they are ready to learn about Bitcoin and trading.

When they need to ask senior experienced people, they will find you and bring questions to you. If they don't spend time to learn with available resources, they are not interested in Bitcoin and surely if you proactively talk to them about it, they will skip it instantly.

Quote

There are many who see Bitcoin as gambling or risky stock market. Instead of getting into a Bitcoin discussion with people like this, I just nod and move on.

This way you will be able to use your time and energy for more meaningful conversation with people who want to learn and proactively knock your doors for help.

m2017

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Quote from: Y3shot on July 27, 2023, 02:31:29 PM

This days lot of bitcoiners are scared of introducing bitcoin to people because of they do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. As for me I'll always introduce bitcoin to people because it is money, people needs money for better life. It is my duty to tell about bitcoin to people and it is their decision to invest in it.

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

Do you have a desire to introduce people to bitcoin? - sounds great. I hope this will be about the bitcoin's technical aspects and not the financial ones. For it is necessary to talk about bitcoin primarily from this side, and not as a tool that can solve the financial problems of everyone. Bitcoin is not a magic stick that can turn everyone's life into a fairy tale. You need to be able to use this, and this is where the technical basics come to the fore. Just don't forget, before you start talking about bitcoin others, thoroughly understand it yourself.

Topic: I'll always tell people about bitcoin - page 3. (Read 860 times)