Topic: is this the right time to explain about bitcoin to others..? - page 7. (Read 22869 times)

Why explain must need to wait for the right time ? I think everytime was good to explain it to others. And im sure they will curious even they say no to you because the market goes red when you explain crypto to other people

It is never too late to introduce bitcoin to others, as we know that transactions with bitcoin are very fast, cheap and safe so many people believe that bitcoin is the future of the transaction system, especially as more and more countries have legalized bitcoin.

in developing conditions and experiencing high prices it is difficult to convey bitcoin to others because in my country the crypto currency is prohibited by the government for direct transactions

Don't ever explain bitcoin to anyone for them to buy the coin at this low rate.
Teach them what is cryptocurrency and its capability.
Look for the bigger part, and teach them the whole package not just BTC.,

Definitely its Never too late to explain bitcoin or let's say Cryptocurrency as a whole to newbies whom are just entering the atmosphere of Crypto for the first time and at the other hand we that's in it are still learning, every day new things happen and definitely changes occur. So it's never too late.

No matter what will be the situation of bitcoin people's won't still not believe. No changes to happen if the people does not like to open there eyes to see the reality of bitcoin and to open there ears to hear the good opportunities of crypto investment. Although there are advantages but still crypto-people will choose the disadvantages side. Maybe you just choose the person you want to share.

That's why there are misinformation that spreading in different community. There are people who keep spreading that bitcoin is investment and they influencing others by explaining the profit that they may get. If we will teach others about bitcoin, we should tell them its meaning ,functions value and of course its history.

Nope at least they know the risks they will face in crypto, so they will not be surprised at the prices that fall then.
whenever you can tell them. You can tell the risk and the essence of crypto innovation then it's better

Every time is always the right time it all depends on what you are bringing to he table for them what is the current market situation and tell them every necessary information they need to know and how they can be able to adjust in different market challenges. Make it right and worth it thanks

I don't think it's the right time to tell crypto currencies to other people with conditions like this, if the crypto currency condition is good it still can't because the transaction with crypto currency is still prohibited in my country

The cue ball is not a pyramid ... - Oh, well, but many economists (especially those who received Nobel for predicting the crisis of 2008) are padlyuki, everyone unanimously argues that the crypt in the form in which it is a bubble. But do not rush to argue, the bubble is essentially the entire banking and economic model of the world for centuries. Look hf Wall Street 2, there it is clearly described.

About the gold chain ... You read the story of besieged Leningrad, about how the hungry, dying people changed gold, jewels, antiques, etc. to a piece of bread. And where much more valuable than gold, prized bottle of moonshine. The story of the survival of people in Kiev and Odessa occupied by the Germans is also very instructive. For example, in Kiev, one of the most popular goods on the market was ... a matchbox with typhoid lice ... The German warriors bought them, for typhus at that time was already curable. For the warrior's self-propelled gun, he could even get to the concentration camp, but with typhus instead of the eastern front, he ended up in the infirmary for up to six months. Thus, a German soldier bought his life and health (not counting the effects of typhus. But this is much better than being wounded or mutilated on the battlefield), at least for this half year.

About the right people ... German officers during the occupation of Kiev were trading with ... Soviet partisans on a very fucking scale.

So, to whom is war and famine, and to whom Mother is native and new opportunities.

At the moment yeah, it's about showing proofs. And also, with the 2018 decline, it'll be extremely hard to convince people about btc and it's features for easier transactions. Probably best to just wait and let them figure it out themselves.

You will surely have another year or two to do this at a much more favorable (for purchase) rate, and without haste. Everything flies, and not only the crypt and the end of this (so far) is not visible.

Now we test 3500 once again and, if we punch (if not right now, then probably a little later), then 3300 is not far off, and there we can touch 3200 - 3100 and if from here we can buy long in the short term quite idea, rather than purchased from current levels.

Or are you hoping for a local rebound? I am also waiting for him, but not the fact that he will happen (much, many are waiting for him too) and the fall may continue from the current levels, until this happens (each subsequent rebound (mostly) below the previous one).

I dont understand why people are referring to money earning methods to bitcoin. I believe it is because of the prevalence of bounty hunters in this community more than actual bitcoin holders.

If the person you are introducing it to does not like high risk investments and is more of the conservative type about their money then it will never have any effect. They are not bad but they have a different mindset.

Explaining why it is unique is important as well as pointing out the advantages of bitcoin over other modes of payment.

Try not to give financial advice because you will become liable in the future if they lose money. Give a non-biased lecture and tell them about the pros and cons.

In my point of view, this is not the right time to explain to others about bitcoin. It is more effective to persuade people to explain about bitcoin if its price is high and then if they are pleased, you will not advise them to buy specially if its price is currently high. Let them see its volatility through the market and wait for the right time to buy bitcoin if it has lower price just like now.

If you do not show any proof that you earn money from bitcoin they may think it as a scam but it is not a scam and tell to them that bitcoin is very good kind of investment. However, if you introduce at this current rate of market it depend to the people if he will invest or not. You should explain it in every detailed so they will get interested on it. You should also tell to them that this time is the good time to buy and invest in bitcoin.

You can explain anytime to any individual that are willing to listen on the use of bitcoin. If they are interested to know more about bitcoin then I'm also willing to explain to them but I'm not going to persuade them to invest in any cryptocurrency unless they are already know how risky is the cryptocurrency investment. Inviting or urging someone to invest in cryptocurrency might give you a problem in the future because they will surely blame you when their investment suffer a loss because of price declines.

Explain it to others mean we persuade them to invest in cryptocurrency which is very risky thing to do. And if in the future, after they invested in bitcoin for example, then the price move down significantly, for sure we will have a bad feeling because of it. So, it is better to explain when someone asks about it, therefore if something bad happened, we won't be blamed. Moreover, right now, the market condition isn't good enough, so I think it isn't the best time to explain it to others.

Why would people think it is a scam, if you try to explain to them that it is a good time to buy, when the price is low? Professional financial advisors will give you the same advice about Stocks and Bonds and/or commodities, if their price was low and showed potential to increase in the near future.

You just need to make it clear to them that Bitcoin is a high risk investment and that they would be taking some risk for a potential high profit yield in the future.  

I don’t think you have to find the right time to explain about Bitcoin. During bull market, people will say Bitcoin is a bubble as well. So don’t worry, just explain when you have a chance.