Topic: The attractiveness of Bitcoin among my friends - page 4. (Read 584 times)

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.

It is no more a thing as long as your government has not not banned cryptocurrencies. Unlike a decade ago, now you can freely announce that you have bitcoin because now bitcoin is just another investment thing that you can have in your portfolio. In my country, now I am seeing every stock analysts started speaking about cryptos as part of their routine market analysis. Here, portfolio managers suggest to have bitcoin up to 10% of your total networth. It all means that mass adaption of cryptocurrencies is happening right now, so being a bitcoiner is no more an unique thing.

Basic precautionary things are always recommended. In late 90's, ATM card holders were attacked in lonely streets and their cards were robbed. Such things are still happening but in less number compared to cyber attack and phishing. So, being careful in real life and online is always recommended and not just because of being a bitcoin (I agree that this is country specific and places where we live).

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.

One of the attractions of Bitcoin is that it is a digital currency that can be exchanged even in the country you are in, as long as there is a local exchange that also exchanges Bitcoin and cryptocurrency. The second is that it gives everyone the opportunity to prove that it can be a source of income.

Thirdly, it is a very effective long-term investment where, as long as it lasts, you will really experience future savings, let's say 5–10 years. Your bitcoin will surely have a great value if you can accumulate it even every month, let's say 50 dollars after 10 years.

I've done the same on some forums where I participate as well. Doing it while still anonymous and besides Trump is already doing it for the crypto community.

And you're right about spreading the word, it is however risky if people are watching the discussions and people know you have BTC. The growing number of crimes related to crypto can be a threat but it's all up to you if you live in a place where crimes are common.

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.