Topic: The attractiveness of Bitcoin among my friends (Read 584 times)

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I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public but if I may ask in such case, how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?
Well, I do not also expect us to comfortably go out there and get exposed out of ignorance because it can as well be risky.

Maintaining your wallet key properly is of course very important and we have to really save it and remember where we save it and don't let it happen that after we make an investment we can't access the assets we have invested in due to losing the wallet key we have saved.

You are right, when someone has achieved good results from the investment they have made, of course other people will ask how to do what we have done and it would be better if someone asked about the investment we made, they should be able to explain in detail and not ever suggest to other people what we have done, because it is not certain that they will be able to accept the failure that can be experienced by every person who is just starting out.

Being informed about investment risks is important - but most people seem to understand that no one is free from risk once they become an investor. The risk of price volatility is not the worst - but they should be told that the risk of losing access to the wallet is much worse than the others.

The best attraction about bitcoin investment among people is - when they see you, their friends or other people being successful. Many people will come and ask you how you can make money and buy whatever you want - but if you fail, they will never come and give you support. Don't rush into becoming a mentor – you are not responsible for someone else's financial future, but you can really change their mindset when you are a successful person.

That's why before teaching friends or family about crypto, the first thing that must be taught is about risk, because this is very important to start investing in the world of crypto. There are lots of people out there who educate their friends by only showing the benefits without teaching them about the high risks of not doing their own research or so on. Then what happens, when he experiences a loss, we are the ones to blame. but if we say the first risk then of course when he loses we can't be blamed, even if there is it might be very small.

I have mentioned investing in bitcoin several times when gathering with friends about the risks and benefits of bitcoin, but I have never forced them to invest too. If any of them are serious about investing, I advise them to do their own research, especially regarding wallet security. because if they do their own research, even though Bitcoin is going down, they will no longer panic because they have changed their mindset that Bitcoin is a long-term asset.

That's why before teaching friends or family about crypto, the first thing that must be taught is about risk, because this is very important to start investing in the world of crypto. There are lots of people out there who educate their friends by only showing the benefits without teaching them about the high risks of not doing their own research or so on. Then what happens, when he experiences a loss, we are the ones to blame. but if we say the first risk then of course when he loses we can't be blamed, even if there is it might be very small.

I have mentioned investing in bitcoin several times when gathering with friends about the risks and benefits of bitcoin, but I have never forced them to invest too. If any of them are serious about investing, I advise them to do their own research, especially regarding wallet security. because if they do their own research, even though Bitcoin is going down, they will no longer panic because they have changed their mindset that Bitcoin is a long-term asset.

One of the things that i dont really like is to get blamed on something which isnt my fault. This is why at the moment that you would really be making out some introduction to your friends about Bitcoin or crypto then dont always forget on telling them or having those cautions on having those risks on losing money because if not then for sure you would really be ending up on getting blamed in the end of the line.
Whenever there's someone who would really be having those kind of asking questions about this and that then i do simply show them some website or youtube vids explaining the basics.
At the moment that they do have some follow up questions then this is the only time i would really be answering but of course you should really be cautious on what you are tending to explain.

I get the hint that you are challenged to do it around you, but I think you should know what the consequences are.
You know what I'm trying to say, some fools will perceive you as someone who is trying to trap them in a vicious circle, which means they don't believe in bitcoin enough at the same time. If you find it like that, close the chapter and move the conversation to another topic.

To this day, I don't take responsibility for teaching Bitcoin to some one without them starting it first. They need to get information first in other ways before you become their mentor. Of course, such people are more likely to be redirected than you offering to teach them first.

-snip-

To this day, I don't take responsibility for teaching Bitcoin to some one without them starting it first. They need to get information first in other ways before you become their mentor. Of course, such people are more likely to be redirected than you offering to teach them first.

People will show interest if we have succeeded in what we have done. Experience has taught us a valuable lesson that anything that deals with money should be avoided. Not because we are afraid of other people surpassing what we have achieved, but rather to avoid being blamed for the disappointing results we get.

The crypto market contains risks. Bitcoin prices cannot be predicted easily. If they are unable to accept reality with the desired expectations, the result is that we will be hated and blamed.
You're right. Our focus is ourselves. If they want to ask to study, the door is always open. Don't blame us if he doesn't have mental readiness.

Our reach to measure people so we can find personality sometimes will not be found in a short time. Putting forward positive thoughts towards people is good and recommended for us as humans, but many things also end in hatred.

As long as the person is still on the same frequency as our way of thinking, then it will lead to satisfactory results because by giving himself the opportunity to continue to learn about Bitcoin investment assets, it will be equally profitable in a broad sense and we will continue to be encouraged to convey everything we know. know about Bitcoin starting from how it works, the risks and benefits of Bitcoin.

If this applies to both parties, it would be great for us to be able to introduce and bring people towards a financial system that has freedom.

-snip-

Just like on what other people been saying above is that on the moment that you do deal with Bitcoin investment is that you should really be prepared about on the risks involved.
This is something that you should really be telling into your friends so that they wont be pointing out fingers on you at the moment that they do have negative portfolios.

Within some childhood and highschool friends, we have been actively connected through the social media groups.
So during the past weekend, we had a topic for the day tittled "Indicate your section of job or source of income so we could patronize each other".
Indeed it was great learning about lot of us venturing in meaningful and profitable basics but non ever mentioned Bitcoin.

So I indicated that I am a Bitcoin investor which I do not need their patronages based on the Bitcoin market structure. After much strategious plans of patronizing each other, my Bitcoin investment became the topic of the day were they all devoted interest to learn and be clarified about Bitcoin due to the fact I don't need their patronages .
Indeed everyone has always wanted a flexible kind of job that would be eased of stress after letting them know it is a digital investment.
I also told them to see the aspect of earning in the Bitcoin as investment that would be more benefitable if keying in for a long time goal as it is not a quick generating income as our labours and trading markets maybe.
Infact, I took the stage like the speaker of the day while indirectly my intention is to bring them into the industry.
Logically I never spoke of the risks involved because I expected them to ask what could be the risks involved because that would show some levels of their interests. It all happened as thought which I also cleared them up

After much about 5%-7% indicated "I am interested how do I start"?
Just in conclusion because it was a lengthy discussion I asked them to invest what is affordable to loose and keep to accumulate on the DCA with as much they can afford to loose while they acquires more knowledge about the Bitcoin market.
It is interesting to say even during the week, many are showing interest.
Meanwhile... many of them have heard of Bitcoin but never believed it is real while some were odd to it.

I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public but if I may ask in such case, how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?
Well, I do not also expect us to comfortably go out there and get exposed out of ignorance because it can as well be risky.

People will show interest if we have succeeded in what we have done. Experience has taught us a valuable lesson that anything that deals with money should be avoided. Not because we are afraid of other people surpassing what we have achieved, but rather to avoid being blamed for the disappointing results we get.

The crypto market contains risks. Bitcoin prices cannot be predicted easily. If they are unable to accept reality with the desired expectations, the result is that we will be hated and blamed.
You're right. Our focus is ourselves. If they want to ask to study, the door is always open. Don't blame us if he doesn't have mental readiness.

People will show interest if we have succeeded in what we have done. Experience has taught us a valuable lesson that anything that deals with money should be avoided. Not because we are afraid of other people surpassing what we have achieved, but rather to avoid being blamed for the disappointing results we get.

The crypto market contains risks. Bitcoin prices cannot be predicted easily. If they are unable to accept reality with the desired expectations, the result is that we will be hated and blamed.
You're right. Our focus is ourselves. If they want to ask to study, the door is always open. Don't blame us if he doesn't have mental readiness.

I do agree that we should not really force crypto into anyone, that will not give you a good result at all, people would simply be just hating you for getting them into it. Just avoid that, if you really want to make bitcoin attractive to use or adopt, then you should just focus on how you could just make it work, I believe that the best thing to do right now would be just focus on how you go about your own day, and make bitcoin quite attractive for people to come.

You do not tell people to use bitcoin, you make bitcoin very amazing to be used, and people will want to adopt it themselves without you telling them to do that. This is why it's quite important to realize the difference between pressuring and marketing your way into bitcoin adoption.

I do agree that we should not really force crypto into anyone, that will not give you a good result at all, people would simply be just hating you for getting them into it. Just avoid that, if you really want to make bitcoin attractive to use or adopt, then you should just focus on how you could just make it work, I believe that the best thing to do right now would be just focus on how you go about your own day, and make bitcoin quite attractive for people to come.

One of the main things or lets say the single situation that i do really tend to avoid as much as possible is to let someone know that im involved with crypto neither having a Bitcoin or some coins. Even into my closest
friend or relatives on which i dont make myself that being exposed about on having some coins or dealing with crypto. You dont know on who would be the one to end up that kind of bad intent to you or
someone who do make out some curses just because they've seen you that you do have a good life or having that good financial state because of it. It would really be that normal that there will really be those
kind of questions on which it would really be talking on how did you do it? or into those questions on what are your secrets?

Its not really that bad on making some given direct links on what Bitcoin or crypto is on which you could point them there and tell them about on reading up with those things and learn up with the basics.
Just let them know about the risks involved but majority of noobs wont really be tending to care about it because they would really be coming after for the money and
wont be focusing too much about the risk involved and would really be directly making investment without thinking.

Teaching them how to invest in Bitcoin will never be a crime. But you see, one thing I will advise you on is that you should tell them about the risks associated with bitcoin investment. Because telling you that they are interested does not mean they will be able to take the risk, and the fact that they already use it in their business and get money daily, I am still doubting if they can do a bitcoin investment or even take the risk in it, so I think you go back and tell them the risks that they may come across after the investment.

because not all of them will understand they should invest the amount they can afford to lose; there is no amount we can afford to lose; it is just a matter of sacrificing some amount of money in bitcoin investment. You need to explain everything to them; if not, you will be the one to blame at the end of the day. The reason why I say this is that you did not indicate that you had told them the risk. 

Don't bring in reinforcements if the gang doesn't ask for it because it carries a big risk.
Secrets will be revealed not tomorrow, next week, next month and next year, but secrets will be revealed when we least expect it if it concerns more than one person.
Our delivery will initially sound normal to them and we have to believe that there is one ear that will look further into what we have said.
For privacy reasons, I don't think it is necessary to convey to others that we are Bitcoin investors.

-snip-

I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public but if I may ask in such case, how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?
Well, I do not also expect us to comfortably go out there and get exposed out of ignorance because it can as well be risky.