Topic: My mistake was making my involvement with Bitcoin public (Read 527 times)

very well-said and you will find out that you will have peace of mind doing your own thing if no one knows what you are doing. people tend to interfere other person's business. that's human nature i believe.
so yeah, that's a good lesson for the OP. be discreet and silent with your crypto activities. you don't need to post whatever you are doing. this is also to avoid getting into unnecessary arguments to people.

In life, there are certain rules we should abide by, one of which is not sharing everything with the public. Particularly when it comes to our income sources, especially those related to cryptocurrency, it's best to exercise caution. Not everyone will understand or support these ventures, especially if they are older and unfamiliar with Bitcoin. Instead of engaging in arguments or trying to convince them otherwise, it's often better to simply ignore their opinions and say that you're moving away from Bitcoin. Acknowledge their perspective, expressing your intention to explore other opportunities in the physical world. There's no need to create unnecessary conflict in real life. Focus on pursuing your own endeavors discreetly.

The way I look at it, @OP had not given any good result yet on his Bitcoin venture, reason why his uncle advice him what he thinks is good for @OP. Sadly @OP took it as an insult and react with a disrespectful answer.  I have the same experience when my parents told mo to look for another source of extra income when my venture on cryptocurrency did not have any result yet.  I just listen to them and explain things to them in a respectful way.  After a year or two, my effort is rewarded and I got a great result that made my parents change their minds and support my crypto venture.


I agree, we need to be careful in teaching people.  Not all have a kind heart, others are jealous and greedy and will do bad things when they got a chance to take advantage of you.

Actually, until now my family saying that kind of thing as well it is kinda painful because exposing me in crypto helps my family a lot. But we really cannot stop them if that is what they are thinking. We can still educate them, almost all of the business now are turning their company into web3, most of the big institutions are now into crypto and yet older people still doesn't believe in that maybe they just needed to be teach at least for last time, before they regret that crypto is the good thing now rather than banks.

Your title said it all, you made a mistake by making your Bitcoin involvement public because the first fundamental thing to do is to keep high privacy, this is one of the major features of Bitcoin, then why make it pronounced to others to know you are an investors?
For security reasons is not safe to do so and I will advise you to ignore the bad mouthed uncle and try to avoid him.

It is best not to advise anyone in the family group about any investment because even if they make a loss because of their decisions they will start blaming us for the loss they incurred. Personally i have talked about BTCitcoin to my family members and friends back in 2012 till 2015 when they asked questions when it was not that popular, but i never advised them about investing, but asked to check out the new market and make their decision.

They always get back to me whenever we enter bear market about my investment just to poke the bear, expect these from family members .

There is no need to regret your mistake, you would have thought that someone like your uncle will be able to understand and maybe help you but it turns out the other way, not all those we called a family wants the best for us that's why we need to be careful, and my biggest prayer is to never allow an enemy in my circle as a friend, these types of enemies are also sometimes in the families.

I want you to know that not all families are the same, some people have very good families that support each other through anything.

Some people even make all their families bitcoin investors and things are going on fine.

So it's possible that some families will not support some people that plan to do something that's not very common like crypto, sometimes it's out of enviousness and sometimes it's out of love, trying to make sure their brothers and sisters don't become a victim to online scam.

It's on you to figure out which category your family belongs.

It's good that you stand your ground against your uncle. Of course we respect our elders specially in our society. But sometimes we really need to tell them that they can't dictate what we are into, specially in bitcoin.

Obviously, you are old enough to make decisions for you and in your life.

Maybe the next time when we are in a bull run already, it's time to call your uncle. Not to boast or rub it in, but let him realized how bitcoin it and that there is a bull run and bear market cycle.

I don't like publicizing everything on social media, especially my investments and work, because I don't like noise. But I agree with you that we should stand our ground no matter what people say or do to us. We must remember that they never raised us even for a day and are not responsible for our future. So there's no reason for us to listen or bother with what they have to say. We should decide our own future, whether success or failure and at least we are living life to the fullest and giving our best.

Family can be very jealous if you succeed & do things that they will never be able to achieve. Just remember some people will always want you to fail because they can’t handle the jealousy. Envy is one of the deadly sins.

Just keep doing what you are doing, invest in bitcoin, buy as regularly as you can afford to & keep it quiet.

This is right but the issue is that OP's uncle is an asshole and that's why OP is regretting being open about involvement with bitcoin. I think that the livid response wasn't necessary but it was unavoidable and forgivable considering OP didn't choose to debate out the issue and the uncle is still pestering OP. Always remember, keep your cards to yourself, never reveal yours until the river is revealed.

We need to be careful while briefing about bitcoin to people who hadn't known about it. Everyone won't easily understand as well as doesn't have the mind to accept it. First we need to know whether the person at the receiving side is interested in knowing about bitcoin.

Whenever we introduce about bitcoin to a person who is new to cryptocurrency, we should have the mind to take anything in a soft way than getting tensed. People have got difference of understanding level, based on which needs to be the way of teaching.

Well your uncle is not your father or your mother, do not let someone like him change your mentality, and that doesn't mean you shouldn't talk about Bitcoin, you will be able to being in more people into Bitcoin and they will be able to talk good about you. I have brought in more than 8 people onto Bitcoin investment and I don't regret it, they are crypto traders, crypto miners, and crypto investors, a few of them are close friends and they are accepting Bitcoin as means of payment in their businesses.

Watch out for bad people, but teach those who are very close to you, it's very important, I thought someone how to make money from airdrops and they showed some compensation, this person bought me my birthday cake 🎂 and his family thanked me for showing their son a way to make money, seriously it feels so good.

because indeed on social media or in the environment we are in there will still be pros and cons with Bitcoin. those who think Bitcoin is not good and better to use Fiat, then just let them not follow developments. do what you want, and discuss it with those who are on the same frequency as you.
no need to think too much about others. if they are not interested then just focus on what we are doing regardless of anyone who doesn't care. because when they read the news about how Bitcoin is making pumps then they will come to us to open the discussion.

Unlike you, I will continue to popularize Bitcoin on my social media no matter what people say it means nothing to me. This is my money, this is my asset, it's up to me what I want to use it for, to hell with their opinion. They believe that fiat is the best? I also believe that Bitcoin is the best. They say that Bitcoin will fall? many say that since Bitcoin was first popular, but Bitcoin still stands today and so on. So you don't need to worry about other people's opinions, the point is you stay firm on your stance and I'm sure that you will be able to get the fruit of your investment in Bitcoin.

Sorry to hear about your family trouble, it's not fair how your uncle reacted and I hope you will learn from it for the future. My family is a bit different, we see each other regularly and are very close. Everybody in my family knows that I invest in crypto currencies for several years now and they don't really judge me for it. In the beginning they were worried that I would lose all my money. And after the big crypto hype they wanted me to sell all my coins. It took quite a long time to make them understand that I am in for the long run and not going to react to short-term price movements. By now they are all fine with my choices and accept them. For me it's all about being honest within the family and not getting judged by them. In case my uncle would react the same way like yours I would probably reduce the contact to a minimum.

It doesn't even matter if his uncle hates him for his accomplishments or those of others; the important thing is that this is our time and that you are aware of the current circumstances. Many of our elders think that investing in bitcoin is a risky proposition that we shouldn't take on, but they are unaware of the various ways in which it has aided many of us. A lot of individuals around the world are unable to quit investing in cryptocurrencies.

That is the mindset of wealthy, successful individuals who constantly believe they are smarter and superior to others. Making your bitcoin investment for your family public is perfectly acceptable because we are all related and need to look out for one another. You're unfortunate to have an uncle who is so patriarchal, though. In either case, they already know you're a bitcoin investor, so it's best to disregard their advice. Since there is nothing else you can do at this time but concentrate on your investment, the outcomes are the only thing that will make sense. Anyone criticizing you will stop as long as you deliver results. That's what I did to those who used to laugh when they learned that I had bitcoin investments.

Don't hold it against your uncle too much if he says that; he may not have any knowledge of Bitcoin and that is why he may be saying all of these things. Sometimes I don't blame people much because I believe some of them don't know anything about Bitcoin that make them go against it,  so what expect from you to calm such people that is going against Bitcoin down and give them concrete reason why Bitcoin come to existence and why we need adopt it.

I believe that the reason your uncle was trying to advise you not to invest in things that would cause you to lose money was because he liked you.Many people lose money on other  investments because they lack an advisor; otherwise, they might not have lost as much. As for me, advice is always appreciated, especially when it comes to investments I've made because it may prompt me to conduct further study.
 


For security reasons, I will never recommend that you publicly admit that you own a sizable amount of Bitcoin. However, you can talk about Bitcoin with your closest friends to find out what they think so that you guys can all have the same perspective.In order to succeed as newbie, we occasionally need counsel to support our investments and commercial ventures.

I'm not talking about Bitcoin right now; instead, I'm discussing alternative assets. I once invested in a ponzi scheme, believing it to be legitimate based on the little information I had about it. I didn't discuss it with any of my  family members  at first because I didn't want them to discourage me, but I later learned that my cousin's brother had lost money in the same type of ponzi scheme. However, when I told them that I had invested in a certain website, they advised me to withdraw my money immediately because I will likey lose my money and that is how I quickly login to site and I was lucky to withdraw my money, some few days I discovered that the site was down and confirmed as scam. Assuming I don't discuss this will someone this is how I will lose the money I put there.

I would say that a majority of the people in my life have absolutely no idea what Bitcoin is or that I’m involved in it at all. I’ve never really had discussion with people about what I do. I just assume that they think I’m living on welfare or supported by wealthy parents as the reasons why I’m always so available when needed. My lifestyle would point to being on welfare. LOL