the fact that bitcoin right now is seen as legitimate investment honestly helps me a lot in explaining what is bitcoin from investment standpoint the presence of ETF is also such a huge help, when people ask how to invest bitcoin, i just answer find the meaning of what bitcoin truly is and head to the ETF, since its ETF, they should know before hand what risk these investment carries.
back than it wasn't so easy, everyone pretty skeptic about investment in bitcoin even to such extent of considering it just a temporary trend well turns out they are wrong.
honestly though I just never really feel like explaining such thing related to investment to anyone out there, its just feels like a burden later on when they encounter unfortunate fate of losing money due to fomo and I know well that even the most disciplined investor if they are faced with that information of other people making millions out of their investment they gonna get into the fomo train as well its just matter of time and greed.
that's why I just never really want to speak about investment at all not only limited to bitcoin though but even stocks, forex trading and so on it kinda saves me a lot of trouble moving forward, since pretty much in my opinion right now everyone know investment and they also know bitcoin anyway.
even the people in remote place are right now understand what cryptocurrency is, they already know it exists and it is an investment.
but speaking of the fact these past years have been truly a good year for bitcoin the fact that it climbed from low market valuation to this massive 2.6 trillion dollar market is already making many people interested so much into the world of crypto investment and we are still in the early stage of adoption, things just gonna get better and better along the way and i'm pretty sure of it.
Topic: The attractiveness of Bitcoin among my friends - page 2. (Read 584 times)
Had similar discussions with friends on FB, though it was something to do with going back in time what would you tell your younger self and honestly I was impressed to see most of my buddies all vouched to tell the younger self to jump onto a Bitcoin investment which tells me alot of people are very much aware of Bitcoin even if they don't talk much about it..but clearly Bitcoin is very much attractive 
But OP with your case, I think your buddies were more interested in Bitcoin after being told of the flexibility to work, stress free environment
etcetera , who wouldn't want these benefits. And the risk part of Bitcoin got me lol 
, well played!!
But OP with your case, I think your buddies were more interested in Bitcoin after being told of the flexibility to work, stress free environment
etcetera , who wouldn't want these benefits. And the risk part of Bitcoin got me lol , well played!! 
When you invite your family or friends to invest in crypto, of course there are those who will accept your invitation and there are also those who reject it for various reasons they have. Of course we don't need to pay attention to those who don't follow suit, but we have to really teach them about investing and will It's better to advise them to continue to explore knowledge about crypto so they can make a profit.
Every beginner will of course panic when they see market conditions that are experiencing a decline and it would be better if they could use this moment to continue accumulating the assets they want to be able to make a profit when prices increase again.
Every beginner will of course panic when they see market conditions that are experiencing a decline and it would be better if they could use this moment to continue accumulating the assets they want to be able to make a profit when prices increase again.
We cannot force anyone that he should do Bitcoin investment but we can just share our views or thoughts about Bitcoin because if they get success then they will not give money to us and if they face loss then we will not help them to recover that loss back. There are some individuals who don't give any concentration on understanding the market and are not familiar with Bitcoin but as they know that Bitcoin is a money making asset so they rush towards its investment.
Beginners will panic if they decide to invest without getting Knowledge but if they achieve accurate knowledge then there will be no difficulty for them during the market dump because they will manage their investment through various strategies.
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.
The problem is that if you are the one who show them how to get the start, then they are going to blame you for making them start if they lose money. Now, I know you might be thinking "I did not tell them to buy it, I just showed them how to because they asked, why would it be my problem if they lose?" but that's not how human brain works.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.
Unfortunately, even though it is 100% of their fault and you do not have even 0.000001% mistake in there, they still remember you as the person who helped with their mistake. If you did not helped them, even though they are asking about it, they would not be able to invest, and not lose that money. That's how they combine those two together, and that makes it quite hard for them to see you like without mistake at all.
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.
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.
The problem is that if you are the one who show them how to get the start, then they are going to blame you for making them start if they lose money. Now, I know you might be thinking "I did not tell them to buy it, I just showed them how to because they asked, why would it be my problem if they lose?" but that's not how human brain works.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.
Unfortunately, even though it is 100% of their fault and you do not have even 0.000001% mistake in there, they still remember you as the person who helped with their mistake. If you did not helped them, even though they are asking about it, they would not be able to invest, and not lose that money. That's how they combine those two together, and that makes it quite hard for them to see you like without mistake at all.
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.
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.
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.
The first thing i expect that we all have to do when it comes to being amidst our contemporaries, we should learn to observe first before we make any move on introducing bitcoin to them, this will help us to have an idea on their approach towards it and if it will be an acceptable offer or not by the majority of the, the more reasons why you have discovered that many couldn't afford to tell others about what they do because they already know it will end into a mockery if they are not the kind that support for such.
I think that should be our own initiative already by observing the crowd first and see if they are open to volatile investments or not, otherwise introducing bitcoin to them and giving them a glimpse of how it works and turn into profits might only be a waste of time, and throwing you a lot of questions but only criticize it in the end and leave negative impressions. I don’t want to be pessimistic but this is the reality about bitcoin. So as much as possible, I don’t tell everyone that I am into bitcoin, but only those who are closest to me knew that I am a bitcoin enthusiast. In a positive morale, the range of closeness or relationship with anyone and also the environments should be determined if initiating Bitcoin associated discussion would be appreciated to the second party and though, maybe you don't just get yourself exposed that you invests on Bitcoin but literally having it an interesting discussion then if the person picks an interest then it is good and safe to make an obligation towards the persons response on achieving the goal
But on my case, I think it was safe and good. A lot of them are into digital marketing including Forex trading which has crashed in my country as a course of the federal government holding dollar exchange responsible for the devaluing of our traditional currencies naira (#).
And besides, we have been childhood friends and had bonded memories during school days.
Was not enough reason though but I sensed it that even if all won't be interested, there would be those who would and interestingly, it was beyond as thought.
Well I also open up my crypto investment with some of my friends and family before, only few find it interesting or become interested with crypto, then later on those few people got bored and quit.
They don't really want to stay when the market bleeds, they only joined crypto when it was raising or being hyped.
Most of my friends joined when Axie infinity was making such load noise on being P2E then after it falls down all of them just quit and didn't try other things in crypto.
When you invite your family or friends to invest in crypto, of course there are those who will accept your invitation and there are also those who reject it for various reasons they have. Of course we don't need to pay attention to those who don't follow suit, but we have to really teach them about investing and will It's better to advise them to continue to explore knowledge about crypto so they can make a profit.They don't really want to stay when the market bleeds, they only joined crypto when it was raising or being hyped.
Most of my friends joined when Axie infinity was making such load noise on being P2E then after it falls down all of them just quit and didn't try other things in crypto.
Every beginner will of course panic when they see market conditions that are experiencing a decline and it would be better if they could use this moment to continue accumulating the assets they want to be able to make a profit when prices increase again.
I have tried my friends a few years ago with no luck at all, my friends were very skeptical.
Because the price per Bitcoin has risen massively since then I am more reserved about
putting my interest in Bitcoin out in the public, now I am of the mindset that the less people
know about my finances the better.
Bitcoin adoption will take care of itself with my handful of friends.
Because the price per Bitcoin has risen massively since then I am more reserved about
putting my interest in Bitcoin out in the public, now I am of the mindset that the less people
know about my finances the better.
Bitcoin adoption will take care of itself with my handful of friends.
Public isn't limited to your friends and community lol. I mean you can tell people about Bitcoin on online forums where you're completely anonymous so limiting yourself to your community just, well, limits you. And it's not really hiding, if they ask I'm more than willing to tell them that I do Bitcoin, if they don't then I don't see any reason why I should go out of my way to describe it and that they should also do it.
Plus realistically speaking, not really the best time to tell them to invest. I mean, we're already pretty high up. If it was back in 16k, hell yea if someone asked me I'd tell them to invest. Now? They'd still profit yes but not so much, which is probably not what they expect if they hear Bitcoin.
Yeah, I have fake account in my social medias which doesn't linked with my real accounts, sometime I talk about Bitcoin using that account. It's one of way to promote Bitcoin without need to reveal myself, although we can also talk about Bitcoin in this forum, but people who join this forum already know what they doing, rather than someone who're not completely interested in Bitcoin.Plus realistically speaking, not really the best time to tell them to invest. I mean, we're already pretty high up. If it was back in 16k, hell yea if someone asked me I'd tell them to invest. Now? They'd still profit yes but not so much, which is probably not what they expect if they hear Bitcoin.
Right now Bitcoin price is $68K, if Bitcoin price could reach $136K in the next year, do you think it's not worth to invest in Bitcoin?
I would rather tend to be silent and having that in private rather than on being that too tactful and showy on what are the things that i've been dealing with. Im not really that saying im that too greedy
or being too selfish with the opportunity. Im not really just that a type of person who would really be tending to share up something. If ever there would really be someone asking up some questions then
i would really be just directing them into those basic websites explaining basic definitions about Bitcoin or crypto.
I cant really just that take up if ever there would really be those people who would really be blaming me on the time that their investment becomes negative.
I do have that bitter experience when it comes to this manner and this is why i have decided to cut it out.
Well I also open up my crypto investment with some of my friends and family before, only few find it interesting or become interested with crypto, then later on those few people got bored and quit.
They don't really want to stay when the market bleeds, they only joined crypto when it was raising or being hyped.
Most of my friends joined when Axie infinity was making such load noise on being P2E then after it falls down all of them just quit and didn't try other things in crypto.
They don't really want to stay when the market bleeds, they only joined crypto when it was raising or being hyped.
Most of my friends joined when Axie infinity was making such load noise on being P2E then after it falls down all of them just quit and didn't try other things in crypto.
I’ve been a bit disappointed by my friends this cycle. After nearly a decade of pestering them to get into Bitcoin, I had a group of friends dive in during the 2021 bubble. We had lots of fun shitcoining and the like… Unfortunately they didn’t stick around. I nagged them to buy the bottom, reminded them the entire ride up from $16K about the four year cycle and what was coming… They still haven’t got back in. I guess maybe at $100K they’ll start pitching the next Safemoon to me.
We can’t just force people to stick with bitcoin. Not everyone can see the real value of bitcoin, that’s why some would not hesitate to leave most particularly when the market turns bearish and the price drops so low. Well, if these people leave bitcoin at its worst, then they don’t deserve bitcoin at its best. Just wait until bitcoin worth $100k above, I’m sure majority will regret and would be coming back to invest in bitcoin again. 
~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.
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.
I'll just say that nowadays it's neither desirable nor smart to target yourself - because regardless of your intentions and the fact that you think you're saying such things to your friends, have you ever asked yourself who all your friends are going to tell about it? Maybe you think that this is a way to attract more people to Bitcoin, but everyone who has access to the internet has access to information - and if they can't figure out what Bitcoin is by themselves, then they should stay away from investing in it.
Apart from that, I am of the opinion that it is very bad to meddle in someone's finances - and this especially comes to the fore when it results in a financial loss - who do you think is blamed in most cases by those who lose money?
Personally I don't like introducing people to bitcoin or be the one to teach them, I'll only show them to a good source of information and have them make that decision on their own and if they carry on to ask me how do I start then I can take the lead and put them through, my experience with people has bern awful cause a friend of mine I introduced had little patient to wait for the price of bitcoin to go back up and sold at a lose and I felt bad for it, although then I had little knowledge like know and couldn't be much help to him.
But is your friend aware about your little knowledge? If yes then it was also his fault for not doing further research but it's your fault if you pretend to be a professional when in fact you are still a newbie to it. How about your relationship with your friend now? Are you guys okay now?you are saying because of that professionalism and in the end will drown them into losing because of wrong faith.
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But, it's only money anyway and can always be paid, while friendship is something more valuable than it. Anyways, now that you are more confident, I suggest you can try it again but also prepare some disclaimer that whatever happens to them, it was still their responsibility, however it's up to you if you will also provide them free funds just to test things out.
material thing can be replace anytime but the trust and respect? this cannot be bring back to how it use to be because there will always be a sign of breaking.
Personally I don't like introducing people to bitcoin or be the one to teach them, I'll only show them to a good source of information and have them make that decision on their own and if they carry on to ask me how do I start then I can take the lead and put them through, my experience with people has bern awful cause a friend of mine I introduced had little patient to wait for the price of bitcoin to go back up and sold at a lose and I felt bad for it, although then I had little knowledge like know and couldn't be much help to him.
But is your friend aware about your little knowledge? If yes then it was also his fault for not doing further research but it's your fault if you pretend to be a professional when in fact you are still a newbie to it. How about your relationship with your friend now? Are you guys okay now?But, it's only money anyway and can always be paid, while friendship is something more valuable than it. Anyways, now that you are more confident, I suggest you can try it again but also prepare some disclaimer that whatever happens to them, it was still their responsibility, however it's up to you if you will also provide them free funds just to test things out.
Public isn't limited to your friends and community lol. I mean you can tell people about Bitcoin on online forums where you're completely anonymous so limiting yourself to your community just, well, limits you. And it's not really hiding, if they ask I'm more than willing to tell them that I do Bitcoin, if they don't then I don't see any reason why I should go out of my way to describe it and that they should also do it.
Plus realistically speaking, not really the best time to tell them to invest. I mean, we're already pretty high up. If it was back in 16k, hell yea if someone asked me I'd tell them to invest. Now? They'd still profit yes but not so much, which is probably not what they expect if they hear Bitcoin.
Yeah, I have fake account in my social medias which doesn't linked with my real accounts, sometime I talk about Bitcoin using that account. It's one of way to promote Bitcoin without need to reveal myself, although we can also talk about Bitcoin in this forum, but people who join this forum already know what they doing, rather than someone who're not completely interested in Bitcoin.Plus realistically speaking, not really the best time to tell them to invest. I mean, we're already pretty high up. If it was back in 16k, hell yea if someone asked me I'd tell them to invest. Now? They'd still profit yes but not so much, which is probably not what they expect if they hear Bitcoin.
Right now Bitcoin price is $68K, if Bitcoin price could reach $136K in the next year, do you think it's not worth to invest in Bitcoin?
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.
Personally I only discuss about Bitcoin with people whom I know that they're into cryptocurrency businesses, and I can only discuss it with someone that is not into crypto, only if I see a genuine interest from them to invest in a business that will give them genuine ROI. This decision is based on my experiences in the past when I adopted Bitcoin newly, there was no interest from most of my friends that I tried to tell about Bitcoin, and many among the friends thought that I wanted to scam them.
We would really be having that kind of normal approach on telling them about the risks involved even though we arent that be sure for us to be profitable but at least we do share up the idea.
Cant really be denied or cant really be that ignored that when it comes to potential then Bitcoin could really give out those kind of probabilities but of course this is something that
cant really be that predicted.This is why to those who are tending to make out that kind of investment then you should really know on what you are dealing with.
Just make it sure that you shouldnt really be that making yourself that too optimistic towards your investment because it would really be that creating that kind of disappointment
on the time that you would really be experiencing negative with your investment Making up some suggestion wont really be that bad if you are really telling them
about the risks and possible reward.
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.
Personally I only discuss about Bitcoin with people whom I know that they're into cryptocurrency businesses, and I can only discuss it with someone that is not into crypto, only if I see a genuine interest from them to invest in a business that will give them genuine ROI. This decision is based on my experiences in the past when I adopted Bitcoin newly, there was no interest from most of my friends that I tried to tell about Bitcoin, and many among the friends thought that I wanted to scam them.
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Public isn't limited to your friends and community lol. I mean you can tell people about Bitcoin on online forums where you're completely anonymous so limiting yourself to your community just, well, limits you. And it's not really hiding, if they ask I'm more than willing to tell them that I do Bitcoin, if they don't then I don't see any reason why I should go out of my way to describe it and that they should also do it. Plus realistically speaking, not really the best time to tell them to invest. I mean, we're already pretty high up. If it was back in 16k, hell yea if someone asked me I'd tell them to invest. Now? They'd still profit yes but not so much, which is probably not what they expect if they hear Bitcoin.
Personally I don't like introducing people to bitcoin or be the one to teach them, I'll only show them to a good source of information and have them make that decision on their own and if they carry on to ask me how do I start then I can take the lead and put them through, my experience with people has bern awful cause a friend of mine I introduced had little patient to wait for the price of bitcoin to go back up and sold at a lose and I felt bad for it, although then I had little knowledge like know and couldn't be much help to him.
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