Topic: Succeeded in introducing Bitcoin to a friend - page 7. (Read 1378 times)

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?

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

I think it takes more than a week.

Anyway youre right that OP should consider both the positive and negative aspects. Open communication about potential risks is indeed crucial in any friendship. It's a valuable lesson in making informed decisions, especially in the world of investments like Bitcoin.

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

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

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

You didn't need to tell the long story to simply say that. But I am okay with that. You just broke your privacy. I don't know how old you are. But after reading how furious your friend was after he heard about Bitcoin, it seems you guys are under 25 or maybe less than that. I am saying that because someone should not invest in something right after he heard about it.

To learn basic things about Bitcoin, a person need at least a week to to research and get more idea about it. When you give someone a positive idea about something, you should tell him the possible negative side as well. Otherwise, your good friend will turn into your enemy. At least they won't see you as a good friend anymore.

SNIP

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?

that is exactly true. with the current technology these days, basically everyone can do their own further research if they want to explore things. we don't know the absolute truth about the OP's story, but if that was indeed true, then, yes, he got his friend's interest into this market. but do remember that he should advise him about the risks involved in getting into this market.

there's nothing wrong showing someone else's your wallet. but do you really think that is a smart move? i am not comfortable on that kind of situation. but as a holder, much better to be discreet with your dealings here. you'll never know potential risks that you are getting into up until you are in the terrible situation of losing your funds.

do remind yourself that you don't need to convince anyone to be on this market. they can get involve here, but it should be voluntary. they won't hold anything against you whatever may happen to their assets.

It is not a bad decision to introduce people to Bitcoin because you are indirectly promoting Bitcoin adoption. But you have to give them the right information and also teach them how to keep their Bitcoin safe. Although this condition is relative to my location, I don't like telling people that I own Bitcoin because it could attract criminals such as armed robbers, kidnappers and fraudsters. Most people in my area don't know that Bitcoin can be bought in bits so they assume that you own one Bitcoin and above if they know that you own the coin. This has made me keep my hodling secrets and only discuss Bitcoin with fellow Bitcoiner.

Now to your question,  I don't think you had to show him how much you have accumulated or how much profit you have made to attract him to the sector. This might make him see Bitcoin as a get-rich-quick scheme which is a wrong perception. He should be able to understand the Bitcoin space before investing to avoid regrets.

That's right, introducing Bitcoin to friends, close people and even family is just sharing experiences and providing good basic knowledge so that they can know and understand Bitcoin so they can develop it themselves if they are interested.
However, you do not need to reveal your Bitcoin amount and details as it is very risky. Moreover, OP states that she hasn't been friends or known him for years, maybe he was a good friend at that time, but OP also has to consider whether the person he was then is still the same as he is now, and this must be taken into account.
And this is a beginner's mistake and who knows what the purpose is, if only to make them believe by showing ownership. In my opinion, it can't have any effect, it will actually make you cry if something undesirable happens.
And a good way in my opinion is, you become generous and change overall significantly so that it makes them wonder what made you change, and with this you can easily introduce Bitcoin because the proof is that you changed in appearance and also financially.

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?

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