The attractiveness of Bitcoin among my friends - page 3.

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Quote from: OgNasty on May 31, 2024, 10:23:06 AM

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.

It seems like you have to accept the fact that they will not return to bitcoin, the same thing as my friend, he once sold his bitcoin at a loss in 2020 where he bought the bitcoin during the bull run in 2018, he was really afraid at that time, even though I've said to be patient, now maybe he's embarrassed by me because I heard he went back to buying bitcoin a few months ago when bitcoin was bullish again. However, those who have already bought Bitcoin must feel a little bit reluctant to buy Bitcoin again, but they are still a little embarrassed or feel guilty for selling during a bearish market.

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Quote from: OgNasty on May 31, 2024, 10:23:06 AM

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.

I think most of us have such friends or colleagues or even relatives because I faced similar experience with my parents and relatives when tried convincing them they didn't get convinced and when they invested the market went through bearish pattern and they cashout out with huge loss in the hurry and now I am being blamed for it. I have stopped convincing or even explaining about it to anyone unless they are interested.

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Quote from: AmoreJaz on May 30, 2024, 07:48:51 AM

Just don't forget a disclaimer that this type of investment is a very risky one and a volatile one. If you introduce this market to anyone, you should tell them the truth about this market as they may have high expectations about this investment. If you will clearly tell them about the repercussions on what may happen to their funds, and you have no control on this market, you won't be blamed. Because the movement here doesn't rely from anyone and no one knows, even those so-called experts.

With the disclaimer explained that investment is risky but they sometimes do not pay attention to this, they always think about profits and even the risk is put aside even though they have been told.

There are many friends asking, what is bitcoin and how to invest, then say again whether other coins are better than bitcoin while bitcoin prices are already high,. and many other questions are actually the most annoying when talking about investing to people who have never done it.

Then I myself don't want to be blamed, so maybe it can mock if the price goes down, even keep telling you this is why the coin is going down and I keep losing, keep babbling like asking for help so that it goes up again. This is what I avoid people.

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Quote from: EluguHcman on May 29, 2024, 03:18:13 AM

how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?

I'd prefer to be private but in that kind of situation that someone really asks you and you're with the circle of friends, that's okay to say but see how the interest of their changes and focuses on you because everyone wants to hear about money. All they wanna talk is about money but if it's about the actual investing, they're the ones that will ghost you. And whether you explain and introduce them to Bitcoin or not, as long as you're using it, you're part of the adoption and making it grow everytime you use it.

Quote from: EluguHcman on May 29, 2024, 03:18:13 AM

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.

So, that means you're contradicting about your contribution to grow bitcoin but at the same time, you're scared of the risk. Bitcoin's adoption is growing naturally whether you'd expose yourself or not to your friends and relatives that you are an investor.

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Quote from: OgNasty on May 31, 2024, 10:23:06 AM

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.

Not meaning to pick or anything but, weren't you doubtful, or at least slightly apprehensive of where Bitcoin was going just prior or during the last proper ATH run (not this year's)?

Seem to recall that, and no, nothing wrong with that, I have my creeping doubts every year regardless of the markets -- just maybe I'm recalling that maybe every cycle asks us to sit up and reassess. You, especially, having rode more rodeos Wink

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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.

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Quote from: Dunamisx on May 30, 2024, 01:05:00 PM

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.

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Quote from: Jawhead999 on May 29, 2024, 11:57:50 AM

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

Remember I did not preach to them to invest on Bitcoin with me, I only indicated that I am a Bitcoin investor and the fact I said I do not need their patronages attracted them to develop the interest of investing.

Here I quote.

Quote from: EluguHcman on May 29, 2024, 03:18:13 AM

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

Likely, to those of us who holds their Bitcoin assets on the long run, we know the dividends and those my friends has also been whispered of the marketing strategies.
If all can not hold to the core while the period of accounting profits may come, there would be rest of them to hold and they will give the good testimony of it and leave others regreted.

Besides... I never adviced or convinced them to invest but was all out of their willingness which I could not deny them the chances.

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Quote from: EluguHcman on May 29, 2024, 03:18:13 AM

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

This is very common with beginners, they always don't remember to ask about the risk in bitcoin, they just feel so exacted about the profit that will be gained investing bitcoin. It is good to let them know about the risk that is involved in bitcoin because beginner usually have a different mindset about bitcoin, it is better they have good understanding of bitcoin and not having a mentality of gaining quick profit in bitcoin. Let them know the volatility of bitcoin, knowing all they need to know about Bitcoin will help them to make better decisions and not to have so much expectations from bitcoin.

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Quote from: el kaka22 on May 30, 2024, 04:18:22 PM

A lot of people will definitely be interested in it of course, there isn't really anything so wildly uninvestable about bitcoin and because of this there will be a lot of people who will want to invest as much as they possibly could to make this work, that doesn't mean that we are going to end up with nothing, I am just looking for a way to make it work one way or another, and that could definitely change things.

In the end, I feel like if you keep talking about it, of course others will want to join. I just don't do it because I feel like it is going to be quite difficult on the long run when the price falls and they are talking to you about when it will bounce back, I can't take that pressure and nagging in my life to deal with others.

not a good feeling when you are blamed for thier loss. the only people i have tried persuading to just put a little money on BTC are my immediate family my brothers and sisters but before i ever convince them, i even gave them BTC first because i don't want them to look at me like i'm trying to scam them.

i wanted them to learn the alternative which they can use the local BTC wallet to pay for what they can buy in some stores. and the advantage with BTC especially when they invest at the right time.

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A lot of people will definitely be interested in it of course, there isn't really anything so wildly uninvestable about bitcoin and because of this there will be a lot of people who will want to invest as much as they possibly could to make this work, that doesn't mean that we are going to end up with nothing, I am just looking for a way to make it work one way or another, and that could definitely change things.

In the end, I feel like if you keep talking about it, of course others will want to join. I just don't do it because I feel like it is going to be quite difficult on the long run when the price falls and they are talking to you about when it will bounce back, I can't take that pressure and nagging in my life to deal with others.

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Quote from: EluguHcman on May 29, 2024, 03:18:13 AM

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.

If you talk to a few friends or family members, then that is good, at least you are giving them knowledge about Bitcoin and how potentially you can make money out of it by investing some today and then wait for at least a year and see how it goes for them. What we are afraid is talking about in public and someone hears it and then suspect that you are a bag holder of BTC and then followed and attack you personally.

But if you discuss to a few friends, I think you will be alright. And as you have said, you might help them and then at your own little way, you are giving Bitcoin to grow as some of your friends might be interested.

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Quote from: rodskee on May 30, 2024, 08:56:13 AM

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?

I don't know about those many guys but I think you haven't done anything wrong by doing that. I have also shared my Bitcoin and crypto investment with many members of my family and with my friends and I don't really care that how they consider my investment.

If they like the idea then they may get some interest in it and may also start investing on their own. I believe it's not worth it to hide your investment from your loved ones and from your friends who may also get interest in it after knowing that you invested in it.

I believe that's the best way to promote Bitcoin to those who don't know about it. If you are telling someone about your Bitcoin investment then you should also tell them about the risks of this type of investment and about the volatility of the market.

Dunamisx

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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.

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Quote from: EluguHcman on May 29, 2024, 03:18:13 AM

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.

Looks like you are close to them and seems that you trusted them so who are we to
question your decision since that is your money and your own decision to make, and besides
many of us have done this in the past believing that our friends and relatives may enter and
deposit here as we don't wanted them to be left behind but yeah only few that take the action
and many of them just deny the chance.

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Quote from: AmoreJaz on May 30, 2024, 07:48:51 AM

Quote from: Natalim on May 29, 2024, 05:29:41 PM

Quote from: Jawhead999 on May 29, 2024, 11:57:50 AM

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

Just don't forget a disclaimer that this type of investment is a very risky one and a volatile one. If you introduce this market to anyone, you should tell them the truth about this market as they may have high expectations about this investment. If you will clearly tell them about the repercussions on what may happen to their funds, and you have no control on this market, you won't be blamed. Because the movement here doesn't rely from anyone and no one knows, even those so-called experts.

Disclaimer is always important since not everyone will easily understand that they have chance to lose their money, since there people became so greedy and if they lose they blame those people who teach them about bitcoin investment. That's why its important to warn them about those possible scams and other factors that needed to avoid so that they will not lose their money. After you said all necessary things which is important to look forward and they still got scam because they became greedy on those to good to be true offers then they can't blame us since we already warned them regarding on those matter.

We need to test out their emotion and tell every negative aspect about what they are trying to enter since if they still showing some interest then they are good candidate to teach about what we know about bitcoin.

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Quote from: Natalim on May 29, 2024, 05:29:41 PM

Quote from: Jawhead999 on May 29, 2024, 11:57:50 AM

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

Just don't forget a disclaimer that this type of investment is a very risky one and a volatile one. If you introduce this market to anyone, you should tell them the truth about this market as they may have high expectations about this investment. If you will clearly tell them about the repercussions on what may happen to their funds, and you have no control on this market, you won't be blamed. Because the movement here doesn't rely from anyone and no one knows, even those so-called experts.

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Quote from: Natalim on May 29, 2024, 05:29:41 PM

Quote from: Jawhead999 on May 29, 2024, 11:57:50 AM

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

They would really be pointing their fingers at you and would really be taking all the blame on the moment that they've seen their investment is on deep negatives. Im on such condition on which tons of my friends did ask
for handling out their money or would be making use for my trades since they do know that im dealing up with Bitcoin or cryptocurrencies on which they do believe that they could be able to generate that passive income
through me but i have rejected such offer and telling them that they are the ones who do make out such thing and invest for themselves. I did make or give up some guide about Bitcoin and tell them about the basics
and the most important thing is on the risks involved on dealing with crypto space. Im telling them that they shouldnt really be making themselves that too delusional because dealing up with crypt doesnt mean
that it would really be that an easy money.

Newbies would be normally be flocking out into things which they do seem that they could make easy money but without knowing the accompanied risks. They would really be making out those kind of realizations at the
moment that they will really be experienced on how fierce and unpredictable this market is.

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Quote from: Jawhead999 on May 29, 2024, 11:57:50 AM

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

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Do you consider investing in Bitcoin as your profession? If so, that's probably not a good place to be.
If you're not a day-trader, then investing shouldn't take more than a fraction of your time, so there's no real reason not to develop some useful skill(s) and expertise in other areas, preferably something that could bring you a steady income or find a decent job.
It was a common theme on various forums during previous pumps, where people who "made it" (aka made life-changing profits) complained that it didn't feel half as good as they expected and they felt inferior to their peers who became experts in their respective professions and had something to show for themselves despite having less money than said crypto investors.
Just thought to consider.

Topic: The attractiveness of Bitcoin among my friends - page 3. (Read 584 times)