Succeeded in introducing Bitcoin to a friend - page 4.

AnonBitCoiner

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Quote from: criptoevangelista on January 09, 2024, 11:00:22 AM

Look, account balances can attract a lot of bad people, you've been away from that person for a long time and people change.

Always be extremely careful when showing something about bitcoins and high values to someone in person, there are a lot of bad people out there who are stealing, kidnapping and killing for money.

Teach him how to do it and explain the fundamentals, be his mentor if he is interested, but never show your values, always say that you have very little.

Now a days your good act can become a cause of hazardous situations for you and even people cannot show their own money to others because every other person is in struggle to steal your money by hurting you. If someone is willing of sharing knowledge of bitcoin then I think online method will be more suitable but if you show you balance too then it means that you are increasing your enemies in this world.

Now a days people are saying that they have no money even they have millions in their banks or crypto investment but the reason behind their lie is that they don't want to make enemies and they are not putting themselves into troublesome condition.

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Quote from: kotajikikox on January 10, 2024, 06:21:14 AM

Quote from: Cryptoprincess101 on December 18, 2023, 06:39:13 PM

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you have acted aggressively when you can have more time together since you have not seen each other for long time , there are so much time to introduce bitcoin and also showing your wallet that instant?
is this a true story or just a made one? sorry but this sounds truly a made up story for me because all the details are seemingly a book type one.

I think it is not right to assume that anything someone saying is nothing but a made up story. there are times in our life when we find something really amazing. and we can't wait to share that information with someone else. we can't contain our excitement and tell someone as soon as we meet. so maybe OP was going through that phase.
But OP didn't share his wallet yet. he was asking if he should have done that or not. and everyone gave him some valuable advices.
I hope he reads us and stay vigilant about his Wallet.

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Quote from: criptoevangelista on January 09, 2024, 11:00:22 AM

Look, account balances can attract a lot of bad people, you've been away from that person for a long time and people change.

Always be extremely careful when showing something about bitcoins and high values to someone in person, there are a lot of bad people out there who are stealing, kidnapping and killing for money.

Teach him how to do it and explain the fundamentals, be his mentor if he is interested, but never show your values, always say that you have very little.

When we talk about securing in bitcoin people just think it is just about keeping the seedphrase safe, but security in bitcoin also means not allowing other people to know how much bitcoin you have in your wallet is a big risk that can lead to lose because you can really predict what will be the next plan of what will take place with the people around us. For securing your bitcoin well you don't need to tell announce to people how much of bitcoin you have. You can still tell people about bitcoin making them to understand very well without letting them to know how much of bitcoin you have in your wallet.

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Every noob you manage to Orange Pill is a win against the corrupt, rigged fiat system. Your friend has made a very good decision to start stacking sats. I always try to get people onboard the Bitcoin train. Well done OP, keep up your recruitment drive. There are still many in need of our financial help.

Pikachi42

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I might not be wrong if I compare Bitcoin to business. In trading, the price of a product is not always the same, the trader has to buy and sell according to the price of the product so that he does not face loss. With that in mind, I liken Bitcoin to business. Bitcoin goes up/down in value just like a trading commodity. Which will expose you to both profit and loss.Since your friend told you about the profit of Bitcoin, the formula should have also highlighted the downside. There are both pros and cons to investing in buying and selling Bitcoins.
One more thing, it is very important to be careful about your wealth. Otherwise you may face a great danger.

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Quote from: kotajikikox on January 10, 2024, 06:21:14 AM

Quote from: Cryptoprincess101 on December 18, 2023, 06:39:13 PM

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you have acted aggressively when you can have more time together since you have not seen each other for long time , there are so much time to introduce bitcoin and also showing your wallet that instant?
is this a true story or just a made one? sorry but this sounds truly a made up story for me because all the details are seemingly a book type one.

I don't even believe these two are best friends because if they really are, then why haven't they been in touch in a while when we already have social media and can connect with each other easily? Moreover, they had not seen each other nor talked for such a long time, they would have more to reminisce than to rush to talk about bitcoin or any investment. Furthermore, if I were the OP's friend, I wouldn't be so quick to believe what the OP says and invest in bitcoin without doing any research.
I agree with your suspicion, the story sounds more fabricated than a true story.

kotajikikox

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Quote from: Cryptoprincess101 on December 18, 2023, 06:39:13 PM

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you have acted aggressively when you can have more time together since you have not seen each other for long time , there are so much time to introduce bitcoin and also showing your wallet that instant?
is this a true story or just a made one? sorry but this sounds truly a made up story for me because all the details are seemingly a book type one.

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Quote from: Yatsan on January 08, 2024, 03:17:16 PM

Quote from: virasog on January 08, 2024, 02:49:58 PM

Quote from: Games.Bitcoin on December 24, 2023, 10:21:51 AM

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. Huh

Both points are valid; introducing Bitcoin to other people has both negative and positive sides. Positive side is giving them an investment opportunity which could obviously give them profit. Negative is how will they view that opportunity; many people are still misinformed of how volatility and this industry works. Some see this as an easy way to earn profit while some sees it as a ponzi scheme. Given that new ones are often having no idea of how things are really doing, you will be somehow responsible of the result of their journey. I experienced it before; I shared my knowledge about this technology to a friend and unfortunately it did not go well. He disregarded the risk and just focused with the profit potential which lead him to loss.

However, despite of the negative tendencies on sharing the idea of this technology, this is not to close the doors for non-crypto investors. We just have to be picky of who would we be sharing about it 'coz not all people will view it the way we see it. Choose only those who will also invest time learning things and not those who are just into spoonfeeding acts.

Newcomers to Bitcoin face a risk-reward balance. I've always believed great potential brings enormous responsibility. Its vital to depict this tumultuous landscape's peaks and dips realistically. I've seen too many blindly jump for rewards and end up in trouble.

I prefer a balanced approach. I agree that we should be choosy about who we educate about Bitcoin, but we shouldnt gatekeep. Knowledge is powerful. My strategy has always been education first, profit second. I advise beginners to study blockchain technology, market trends, and fundamentals. Thus, they may make informed decisions rather than seek immediate riches.

I think its about building a community of knowledgeable enthusiasts, not simply investors. We empower people by promoting study and awareness of Bitcoin.

criptoevangelista

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Look, account balances can attract a lot of bad people, you've been away from that person for a long time and people change.

Always be extremely careful when showing something about bitcoins and high values to someone in person, there are a lot of bad people out there who are stealing, kidnapping and killing for money.

Teach him how to do it and explain the fundamentals, be his mentor if he is interested, but never show your values, always say that you have very little.

khiholangkang

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Quote from: virasog on January 08, 2024, 02:49:58 PM

Quote from: Games.Bitcoin on December 24, 2023, 10:21:51 AM

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. Huh

I in the past month convinced two of my friends to invest in bitcoin, but I haven't had time to explain the technology and advantages of bitcoin to my two friends but they were immediately interested after seeing the development of my bitcoin portfolio which has increased significantly because I made my bitcoin purchases from the beginning of 2023, I think to explain the technology they will find out more enthusiastically when they have invested in bitcoin, like me before, when I bought I was more interested in reviewing what I bought, unlike I haven't bought, I will be more apathetic about things I don't have.

But it is difficult when explaining the technology to attract someone to invest, they are usually more interested in what allows them to benefit.

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Quote from: Luzin on January 08, 2024, 01:51:28 PM

Quote from: taufik123 on January 08, 2024, 01:40:10 PM

Yes, this concerns privacy issues because it is very sensitive if you have to disclose the Bitcoin balance you have.
I also once told my friend about bitcoin and the technology in it, but I never told him the balance I had, because I was afraid that this would provoke others to know more and could even harm me.

Dangers that we cannot predict will lurk when many people know that we have a lot of bitcoin assets and other crypto assets.
It is better to focus on introducing Bitcoin and avoid to show off the assets we have.

Many people are interested in Bitcoin because of its value. So many people want to know about Bitcoin only because it can make them a lot of money. Very few people are serious about technology and its development. That's a true fact because most of the people who ask me mostly about how to own bitcoin and increase the amount.
Of course it is a big risk if you have a lot of assets. I agree with you don't show assets. That will be better, because you will feel more comfortable. There are not many big risks that could be present for you. Only people who have special goals show off assets. Usually people showing off want to create an attraction so that people will be interested in joining and we (the people showing off) will benefit.

I agree with your thoughts, most people, including ourselves, only care about the profits that bitcoin will bring rather than focusing on the technology that bitcoin brings. I believe that if bitcoin was stable and not very profitable, even if it had superior technology, it would not receive as much attention as it does today.

Regarding letting others see my account balance, other than my wife and mother who I trust the most, I don't want to share it with anyone. Furthermore, when we introduce bitcoin to our friends, neighbors...we are giving them an opportunity and it is up to them whether they take it or not. We don't need to risk convincing someone to get into bitcoin.

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Quote from: virasog on January 08, 2024, 02:49:58 PM

Quote from: Games.Bitcoin on December 24, 2023, 10:21:51 AM

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. Huh

Both points are valid; introducing Bitcoin to other people has both negative and positive sides. Positive side is giving them an investment opportunity which could obviously give them profit. Negative is how will they view that opportunity; many people are still misinformed of how volatility and this industry works. Some see this as an easy way to earn profit while some sees it as a ponzi scheme. Given that new ones are often having no idea of how things are really doing, you will be somehow responsible of the result of their journey. I experienced it before; I shared my knowledge about this technology to a friend and unfortunately it did not go well. He disregarded the risk and just focused with the profit potential which lead him to loss.

However, despite of the negative tendencies on sharing the idea of this technology, this is not to close the doors for non-crypto investors. We just have to be picky of who would we be sharing about it 'coz not all people will view it the way we see it. Choose only those who will also invest time learning things and not those who are just into spoonfeeding acts.

virasog

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Quote from: Games.Bitcoin on December 24, 2023, 10:21:51 AM

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. Huh

0t3p0t

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Quote from: Cryptoprincess101 on December 18, 2023, 06:39:13 PM

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Yes it is as long as your friend knows the risks involved in cryptocurrency. I actually did this once and my cousin also bought like $10 worth of Bitcoin way back 2018. I told him about the risks and yeah there's no update about his holding til now. Maybe he lost his keys again or he's carried away by gambling and at the same time as a student.

AnonBitCoiner

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Quote from: Yamane_Keto on December 18, 2023, 09:36:37 PM

Bitcoin is cash. If your friends know how much money you collect, your source of income, and where you keep the money, they will know how much Bitcoin you keep, but it is better not to do that because if it is stolen, it may occur to you that your friends are the ones who did it.
A beautiful story, but I do not advise anyone to make a decision to invest in something because my friend told me about the subject in a session that did not exceed an hour. It is better to research in depth before thinking about investing.

Yes these type of information should be keep save because we cannot trust our friends easily and in present age everyone is so cruel that they never think about anyone. I know some friends are sincere but when the matter is about money then they never think about each other.

If we are sharing the information about investment to others then we should be mentally prepared for blaming because if unfortunately they don't win they will blame you for such act and will also wants to recover money from you. I think we should keep our success as a secret and if someone ask for help then help them otherwise we should not share our successful path especially bitcoin investment and about salaries with others.

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Quote from: taufik123 on January 08, 2024, 01:40:10 PM

Yes, this concerns privacy issues because it is very sensitive if you have to disclose the Bitcoin balance you have.
I also once told my friend about bitcoin and the technology in it, but I never told him the balance I had, because I was afraid that this would provoke others to know more and could even harm me.

Dangers that we cannot predict will lurk when many people know that we have a lot of bitcoin assets and other crypto assets.
It is better to focus on introducing Bitcoin and avoid to show off the assets we have.

Many people are interested in Bitcoin because of its value. So many people want to know about Bitcoin only because it can make them a lot of money. Very few people are serious about technology and its development. That's a true fact because most of the people who ask me mostly about how to own bitcoin and increase the amount.
Of course it is a big risk if you have a lot of assets. I agree with you don't show assets. That will be better, because you will feel more comfortable. There are not many big risks that could be present for you. Only people who have special goals show off assets. Usually people showing off want to create an attraction so that people will be interested in joining and we (the people showing off) will benefit.

taufik123

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Quote from: Smack That Ace on January 08, 2024, 05:00:22 AM

Like many comments here, I think it was unwise and unnecessary for the OP to show his friend his bitcoin balance. What if OP's close friend tells someone else about the bitcoins OP is holding? I think OP didn't think about this situation so he hastily showed his friend his bitcoin balance.
As a bitcoin investor, I support the OP or everyone sharing bitcoin with those around them. But we should refrain from disclosing the amount of bitcoin we hold to others. That can cause dangers that we cannot predict because not everyone is a good person.

Yes, this concerns privacy issues because it is very sensitive if you have to disclose the Bitcoin balance you have.
I also once told my friend about bitcoin and the technology in it, but I never told him the balance I had, because I was afraid that this would provoke others to know more and could even harm me.

Dangers that we cannot predict will lurk when many people know that we have a lot of bitcoin assets and other crypto assets.
It is better to focus on introducing Bitcoin and avoid to show off the assets we have.

Ucy

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Quote from: Cryptoprincess101 on December 18, 2023, 06:39:13 PM

.......
.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Well, if you trust your friend, fine. It's never a good idea to show people that can't be trusted all your private properties or everything you own.
And it's also not a good idea to have people invest in Bitcoin solely for the monetary reward, and without the necessary knowledge to succeed. It's a gamble as there is no gurantee of a big price increase even after the halving & no trading skill if the massive price increase doesn't happen. Couple of factors such as centralized fundamental, trying to use the wrong "energy" to power up the price, lack of interest from those with greater influence over the price, etc could weaken the anticipated price increase.

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This what you have to say initially to your friend, they he or she should discover him/herself more about the bitcoin and blockchain technology
''Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for central authorities such as banks or governments. It was created in 2009 by an anonymous developer known as Satoshi Nakamoto. Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network. Transactions are authenticated through Bitcoin’s proof-of-work consensus mechanism, which rewards cryptocurrency miners for validating transactions. Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Bitcoin can be sent quickly and securely from any point in the world, and you only need an internet connection. Bitcoin’s price is determined by the free market, subject to supply and demand. There are many resources available to learn more about Bitcoin, including articles, videos, and beginner's 'guides''

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Quote from: Smack That Ace on January 08, 2024, 05:00:22 AM

Quote from: reagansimms on January 08, 2024, 04:04:32 AM

Regarding the question at the end of the topic, as long as you trust his personality, it doesn't matter if you show the amount of Bitcoin you collected as long as you don't show him the private key.

Like many comments here, I think it was unwise and unnecessary for the OP to show his friend his bitcoin balance. What if OP's close friend tells someone else about the bitcoins OP is holding? I think OP didn't think about this situation so he hastily showed his friend his bitcoin balance.
As a bitcoin investor, I support the OP or everyone sharing bitcoin with those around them. But we should refrain from disclosing the amount of bitcoin we hold to others. That can cause dangers that we cannot predict because not everyone is a good person.

Does depend because if the amount is really that something significant then it would really be normal that you would really be having doubts on letting it show even into your friend. We do know about the risks involved even if we do say that he's your close friend on which we know that when it comes to money then there's no such thing about being friend because money can change anyone everything.
This is why if you do hold up millions in usd then it would be a suicide on letting someone see your stash just because you are really just that aiming for them to know about Bitcoin or trying out to hook
them just to know about it. It wont really be that necessary on doing such thing on which you are really that putting yourself on such great danger when it comes on being abducted when someone
do knows that you are holding that much.

Topic: Succeeded in introducing Bitcoin to a friend - page 4. (Read 1464 times)