I'll always tell people about bitcoin - page 6.

komisariatku

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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.

I'm one of those people who doesn't want to explain bitcoin unless someone asks me. If someone were to ask me about bitcoin, I would definitely answer to the best of my ability, but I would not recommend that they invest in bitcoin unless they are knowledgeable about bitcoin.

Even though bitcoin has a price that always goes up and reaches a new ATH, when the market goes bad it can be so severe that the risk for new investors who don't know about bitcoin price movements will have a very big risk. I don't want to risk teaching them about bitcoin investing and trading. But if they ask for my opinion I will give mine but the risk and choice is still theirs.

If they force me to teach about bitcoin trading maybe I will teach them and I will tell them to try to buy with less money and will give a warning not to buy with much money before they know how bitcoin trading works

Tony116

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Quote from: RockBell on July 28, 2023, 03:26:31 AM

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.

DapanasFruit

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People who are already online must have heard or come to see the excitement that the crypto industry has generated so far...so in all probability not knowing something on Bitcoin can be remote these days. Now, there is nothing wrong with telling people around you about Bitcoin as long as you are presenting it in a balanced way - including the possible rewards and risks plus some history and probability of the whole industry we are in. Also I am suggesting that you also talk to them of the many possible scams and frauds that they might come around anytime so they will not become one of the growing statistics on this matter.

Z-tight

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Quote from: Mr.suevie on July 27, 2023, 06:18:18 PM

Spreading the news about bitcoin isn't bad but the only issue is that the user explains the whole concept or the basic important ones like it's volatility so that' if the person who you are explaining things decides to buy bitcoin it will all on him as very man becomes relatively responsible for their investment and actions.

Instead of explaining the concept of BTC to people as being an opportunity to make wealth, but with risks that they will be responsible for, rather explain BTC to them as being a censorship resistant and permissionless currency. If the people are interested in BTC as a currency that is different from fiat which is pro censorship, they will learn more about it, including its fixed supply, demand and volatility which an investor can take advantage of and make revenue, this is how to introduce people into the BTC network.

Inwestour

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Quote from: adzino on July 28, 2023, 02:55:37 AM

What's there to be scared of? It's not like you are going to "force" them to buy bitcoin. You don't even have to tell him to buy bitcoin. Just introduce it to them. Those people that have "lost good relationship" with the friends and families is very likely because they "made" them invest in bitcoin, or gave them false hope. They didn't explain them the risks associated with investing in crypto currencies properly. They very likely made it sound like they can get rich overnight. I wouldn't be surprised if they made them invest in shitcoins. Teach and preach about crypto currencies, but also make sure to spread the cons and risks too, not only the pros.

In fact, it is difficult to force anyone to buy anything, you can recommend it, but anyway the decision should be made by the one whose money.

If someone advises you to buy Apple shares now, you won’t buy right away, you will first try to analyze and understand whether it can make a profit for you. But when it comes to financial advice, you have to be very careful, what's the point of giving advice to someone, and in the end you don't know how competent a person is and how he can use it, even if you tell him about all the risks that you yourself know about.

Nrcewker

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Educating people about Bitcoins is different and advising them to invest in it is different. There is no problem with educating people about Bitcoin and it’s benefits. You should always teach people that through Bitcoins they can independently handle their finances. Now whether the person whom you are teaching will invest in Bitcoins or not will completely depend on him. You taught him about the advantages and disadvantages, now you should also tell him that he will be also only responsible if there any financial loss happens.

fruktik

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Quote from: adzino on July 28, 2023, 02:55:37 AM

What's there to be scared of? It's not like you are going to "force" them to buy bitcoin. You don't even have to tell him to buy bitcoin. Just introduce it to them. Those people that have "lost good relationship" with the friends and families is very likely because they "made" them invest in bitcoin, or gave them false hope. They didn't explain them the risks associated with investing in crypto currencies properly. They very likely made it sound like they can get rich overnight. I wouldn't be surprised if they made them invest in shitcoins. Teach and preach about crypto currencies, but also make sure to spread the cons and risks too, not only the pros.

First of all, you need to talk about the minuses and risks, but it just doesn’t start with this, but about what great prospects there are. So many fairy tales will be sung that people really begin to believe in the ease of making a profit from such an investment.
As soon as I personally talk about all the minuses, I see some kind of disappointment in the eyes of people. Maybe at least they got acquainted with the blockchain technology and its derivatives, and only then did they draw conclusions? Huh

RockBell

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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.

KalOlak

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Quote from: mk4 on July 28, 2023, 03:00:09 AM

Quote from: SquirrelJulietGarden on July 28, 2023, 01:53:04 AM

If everyone can be an intelligent investor and succeed with their investment, who will pay them money for profit?

The market is zero sum game so money will change from losers to winners. If we all are winners, is it realistic? There must be losers who pay the cost, the profit for winners.

Trading is a zero sum game while investing is a positive sum game — but something being a positive sum game doesn't mean that everyone will win. Positive sum doesn't mean everyone will win — but majority of people can win.

Investing in the stocks of a company, for example, one that manufactures auto is not a zero-sum game because the company produces goods, namely auto, and creates added value.

Investing in Bitcoin, on the other hand, is purely a zero-sum game, minus transactional costs. Understand that we are not building, producing, or inventing anything in this process.

bakasabo

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Bitcoin is more than just making money out of investing and holding. If you tell them that bitcoin = money, then you are giving them false vision of what cryptocurrency is. It is also about creating, learning, developing for example. If you teach them that if they would buy, they would get more money, what makes you different from people who offer to buy stock or bonds. You can teach them then about anything that gain value with time.

mk4

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Quote from: SquirrelJulietGarden on July 28, 2023, 01:53:04 AM

If everyone can be an intelligent investor and succeed with their investment, who will pay them money for profit?

The market is zero sum game so money will change from losers to winners. If we all are winners, is it realistic? There must be losers who pay the cost, the profit for winners.

Trading is a zero sum game while investing is a positive sum game — but something being a positive sum game doesn't mean that everyone will win. Positive sum doesn't mean everyone will win — but majority of people can win.

xSkylarx

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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.

adzino

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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.

What's there to be scared of? It's not like you are going to "force" them to buy bitcoin. You don't even have to tell him to buy bitcoin. Just introduce it to them. Those people that have "lost good relationship" with the friends and families is very likely because they "made" them invest in bitcoin, or gave them false hope. They didn't explain them the risks associated with investing in crypto currencies properly. They very likely made it sound like they can get rich overnight. I wouldn't be surprised if they made them invest in shitcoins. Teach and preach about crypto currencies, but also make sure to spread the cons and risks too, not only the pros.

SquirrelJulietGarden

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Quote from: Smack That Ace on July 28, 2023, 01:30:01 AM

I also believe in bitcoin's future upside potential but please don't say that investing in bitcoin is risk-free. The higher the return, the higher the risk, they are always proportional, so never make misleading statements to others when you have no proof for what you say.

They see risk in Bitcoin and did not invest in Bitcoin years ago when Bitcoin was like a newborn and vulnerable to death. Now when they feel regret about their missing chances, they look for other opportunities. What do they find? Altcoins are their destinations but they see high chances with them and unfortunately ignore high risk with them.

At the end, they lost with altcoins and still miss Bitcoin and their missing chances in past years.

Quote from: mk4 on July 28, 2023, 01:13:33 AM

Huge emphasis on if. If everyone simply did that then all these people wouldn't have got burned in the past bull-bear cycles. But alas, most people are simply not fit for investing.

If everyone can be an intelligent investor and succeed with their investment, who will pay them money for profit?

The market is zero sum game so money will change from losers to winners. If we all are winners, is it realistic? There must be losers who pay the cost, the profit for winners.

Stella Mese

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telling people about bitcoin is of course fine as long as you explain to them the benefits of investing in bitcoin and the risks of investing in bitcoin and I think it would be even better if those who are interested in investing in btc are invited by you to join this forum so they can learn about btc in this forum. because I also feel the benefits of joining this forum, my btc investment runs smoothly and well.

Smack That Ace

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Quote from: jeraldskie11 on July 27, 2023, 06:35:25 PM

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

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 see a little to no risk in Bitcoin if you are going to invest today. The price is too cheap for because I believe that price will going to hit $100k at the right time. If I basing on my technical analysis, in macro time frame the trend is uptrend. If we see a down move or dump, it's retracement or pullback. The only risk I see in investing in Bitcoin is that if you put your assets in the exchanges. My advice is that if you're going to invest in Bitcoin, you should keep it in the open-source and non-custodial wallet.

I also believe in bitcoin's future upside potential but please don't say that investing in bitcoin is risk-free. The higher the return, the higher the risk, they are always proportional, so never make misleading statements to others when you have no proof for what you say. If you can look at the chart and see that the market is going up, remember that you are not the only one seeing it. And if the market were so predictable, there wouldn't be so many losers. Investing in bitcoin has helped many people change their lives in a positive way, but it also made many people lose their money and fall into a dead end. This is a financial market, where there are winners and losers, there is no such thing as a win-win game.

Kakmakr

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I have learnt from previous experience, not to initiate the conversation about Bitcoin.. with family and friends. They will come to you, when they are serious and ready to buy Bitcoin.

They know that I am knowledgeable in all things Bitcoin... and they see me as the "go to" person for Bitcoin and Crypto currency matters. You do not have to force Bitcoin on to people... because they will blame you, if something goes wrong... let them come to you, so that they will blame themselves if it turns out bad for them. (Just help them not to buy into Ponzi schemes and scams) Wink

mk4

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Quote from: Oshosondy on July 27, 2023, 03:16:12 PM

If they do their research and they do not trade but hold at the right time, they will be forever happy that they know about bitcoin investment. All-time-high is promising.

Huge emphasis on if. If everyone simply did that then all these people wouldn't have got burned in the past bull-bear cycles. But alas, most people are simply not fit for investing.

adaseb

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I used to talk about Bitcoin back in 2015 or so. And most people assumed it was a scam and never got involved in it. In 2019 most of my friends assumed Bitcoin was long dead.

Then the bull market came and everything changed. They kept asking how to buy it, how to buy NFTs, how to trade on defi, about alt coins and everything.

So it’s funny that when Bitcoin was down everybody assumed it was a scam and didn’t buy. They bought during the hype at the top pretty much.

Don Pedro Dinero

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I respect the OP's decision but I prefer not to advertise bitcoin, firstly because I think it is good enough in itself to be adopted more and more in the long term without me actively trying to convince people and secondly for security reasons. I prefer people not to know that I have bitcoin, because you never know who might find out and try to rob you. Every cycle bitcoin is being used more and more and is even being bought by institutions, it doesn't need word of mouth, in my opinion.

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