Topic: What do you intend to tell loved ones about the bear market? (Read 356 times)

First of all make your family members understand that Bitcoins aren’t sure money. In fact if you invest anywhere, let it be gold or property or forex, the chances of losses are present everywhere. Yeah we can minimise the risks involved, but whenever we invest there are hope for losses and profits. Similarly tell them to wait for longer period of time as Bitcoins are particularly for long term investments. Moreover also show them the marketcap of Bitcoins and the past growth graphs.

We are not that heavily reliant on cryptocurrency, so mostly we are not very affected by it. My wife and other close friends were aware that I was involved in crypto, but I never explained it to them; sometimes, on occasion, some of my friends will ask me, "You're probably rich now because you've been in crypto for so long," but I simply respond, "The market is down, so I've lost a lot of money," and laugh. My wife is mostly aware of the situation and will just ask why the price keeps falling, and I will just explain to her what is happening and she will just understand.

Very few people know about my involvement in crypto and I intend to keep it that way. My family knows and only a handful of close relatives. The rest wouldn't even understand it, let alone take investment advice from me. A few friends who I have a long history with know that I am into bitcoin, but they also know I don't like to brag about it and if they have questions for me, they can talk to me about it in private and not cause heads to turn in public.

I have no plans to explain the bear market or bitcoin's volatility to outsiders. My family isn't concerned because my investment in bitcoin is my investment, and it will never affect our financial stability or future. I don't gamble with the things that are important.

When you say this, I feel more like shirking responsibility. You should tell the other party clearly: Is Bitcoin OK or not? It's not that you have to bear the risk yourself. I have been very consistent with the people around me, insist on holding it, and sell it after three years, and the bull will get more than 10 times the income. Now is the perfect time to get your hands on Bitcoin.

I think transparency is everything. You just have to be honest with your family and friends and explain them the real reasons why we are living a bearish market this year. Some people may get upset on you if they were introduced and encouraged to invest in bitcoin by you, and it's understandable, but they also should understand this is a volatile market which lives from cycle to cycle. The prosperity cycle ended in 2021 and now we are living a weak cycle. You can mention this has already happened before, so it doesn't mean the end of bitcoin, rather we are just waiting this cycle to finish to enter a new prosperous one, which must come with next bitcoin halving in 2024.

That that's just how the way it goes...? I've recommended crypto to a few family and friends before and I've already dumbed it down to them multiple times, that the market doesn't always go the way you want it to be, and if it crashes so be it, that's just part of the cycle. There may be some news that affects it temporarily in the short term, but they can easily know about it with a bit of reading on news sites imo. More than that after that initial talk, I told them I won't bring crypto market discussions that much (ever even if possible) to the table since I myself am not really skilled in reading it nor do I actively study it (since I just DCA).

actually this is why I don't need to explain those things for them because before I teaches them about crypto and investing here? i firstly introduced to them about the bearish season and that is also the reason why they are ready about those act.

actually nowadays? those people that i thought about crypto investing ? acting to accumulate more than they wanted to sell and that is how important in luring investors , tell them the saddest part of the market so they knew or can understand how it happens and when.

I do not understand why it seems to be implied that talking about this market should be mandatory, in my experience if there is a thing people hate is being told what to do, and if there is something they hate even more than that is to be told what to do with their money.

Other than very general questions I do not tell my family about the state of my finances and what I do with my money, and obviously I extend to them the same courtesy, so unless they ask me directly about this market I do not feel any need to bring the topic to them, especially during the holidays in which money topics should be the last thing you bring in any conversation.

Well, let me answer this by broadening the term "loved ones" to include any relatives and bigger friend circle. Then my answer is: Nothing. I have long since given up to discuss Bitcoin in these circles, mostly because it's always the same and no-one really wants to change or really get into it (the topic I mean).

Well, sometimes, when the bear market is so strong (like after the FTX-crash) that it hits mainstream media, I get a concerned look and maybe a comment like "Bitcoin lost over 75% of it's value compared to 1 year ago, right?". Which I like to respond to with a "yes indeed, means right now is a 3x better time to invest than one year ago".
But generally speaking, people just like to FOMO in when Bitcoin is high and not even touch it with a stick when it's low. I got used to it over the years.
Yes, rarely you get someone truely interested and ofc I like to explain things in more detail then, but that's a true exception. Generally no-one cares enough to "take the risk" or "take the time" to do the necessary research. And nowadays I tend to keep my enthusiasm, even though still there, to myself and maybe a handful of people.

If you mean real "loved ones", actually I also don't tell them much, unless they are interested right now. The FTX-drama made for a good story, undermined by some of the mega-funny photos of these protagonists ands their insane quotes... Yeah.
But these few already know that a bear market is part of the "natural" cicles of these markets and usually they are not too worried.

To be honest, they won't ask. I rather not talk about it with family because they may want me to help them invest or invest for them and I don't want to be responsible for their money and life choices.

They know I'm into bitcoin and they know I won't be their portfolio manager so that's settled.

Fortunately they did not ask me about FTX and all this drama but if they would I'd be honest with them. There are scammers in the fiat world and there are scammers in crypto and this has nothing to do with blockchain and the way bitcoin helps you be your own bank. Scammers go down and 10 years from now nobody is going to talk about some young scammer who got 20 years in jail.

Also, 10 years from now people will be worrying if bitcoin manages to hold the lows of 200 thousand dollars or fall lower in the bear market

The bear market is not going to be forever so we need to know that and keep it to yourself. The market is going to move bull or bear soon so that the market does should not control our emotions that is why we need to be strong even in the bear so that we might not be forced to sell our holdings when the market goes down. We need to keep looking for opportunities.

I have nothing to say on this because indeed it is already a decision and the people closest to me who have the same interest in bitcoin already know what they have to do so I don't have to bother to give them words to hold back bitcoin them now because they know this stuff a lot more already.
Precisely in this case they always tell me that this is a natural thing to strengthen me to survive until now and continue to do DCA for the last few months.

Dont know on why people cant just recognized these small steps or simply saying that it wont really be that relevant for making people to check out this place or something that
you are the ones who do make out some simple explanation even with the basics in regards about Bitcoin or crypto as a whole? Its better rather than have no idea at all.
Telling them the basic concept on how a market works and on what are the things that you could possibly be able to experience on the time that you do stepped your foot on here.
Its up to you on how you would really be able to make out that explanation whether make it complicated or not.

That it's only gonna take some time soon the market will bounce back and becomes stronger .

Post it here in the forum gives some benefits (you should know that already)
On a serious note - teaching BTC to families and friends does not give any benefits directly but it helps to improve the awareness of btc to as many people as possible indirectly. I think this is the greatest reward for all btc supporters. 

People get excited because they'll be teaching their siblings or family members a new way of investing that's less stressful and can give them massive profit in the shortest time possible if they're patience enough to hold onto their Bitcoin. 
People hardly teach about the benefits of carrying out transaction in Bitcoin instead they teach about the profits that comes from holding Bitcoin and that's where the excitement come from. Don't blame people for getting excited, many lifes has been changed because of this new currency that is yet to be as popular as we think.
We have billions of humans on earth and not a quarter of those have heard about Bitcoin. Also it's more fun and believable when someone who has been impacted by Bitcoin is teaching it to you directly instead of some online user that you read their stories on the web.

Unfortunately the bull market was cut short. It was the worst performing bull market in history, so not that many people made money. If you bought bitcoin when the bull market got confirmed, so after it moved above 20k, you only made 3x your investment. That's nothing when you compare it to 2013 or 2017.


I never tell others to invest. It's their own choice. I also don't focus on the price. When someone asks I tell them that bitcoin is going to be big in future and that I'm waiting for it to be worth over 100k, but what they do with this knowledge is up to them. I don't care about fiat gain. I care about the things I'll be able to buy with my bitcoins, circumventing the corrupt fiat system.


I don't care about scams and I don't focus on them because I never invest in any of them. I've been here when bitcoin was worth $300 and I haven't lost a single satoshi on scam exchanges and imploding ponzis. When I talk about crypto I mean bitcoin.


Make them aware that bitcoin is falling because the dollar is being pumped by the FED. The whole stock market took a hit and bitcoin is a part of that. Make them see the difference between crypto scams and bitcoin. Bitcoin moves in cycles and a year before halving it's price is always low. The natural cycle of bitcoin coincided with FED tightening and we're experiencing the results.

Luckily, no one has ever asked me about the situation of the crypto market. But if ever someone asks me about it, I'll tell the whole thing and what it looks like and will say that those events really happens on this market and not only in crypto but also elsewhere in other markets.
There will be the booming side of it but there will also be the bad side of it. And if they will ask me if they want to invest, I'd say if they want to and won't have words of encouragement to them but I'll tell them that no matter what happens to the market, I'll stay and keep invested on it.

I think before anyone venture into bitcoin investment he or she might have known the risk involved while investing their money much question would not arose from them knowing the does and don't of the market. I still believe they have access to the internet, twitter and any other social media platform today that carries or conveys information concerning about bitcoin so you won't be blame for the sudden drop of the bitcoin moreover You and I doesn't really control the bitcoin and crypto prices. One thing i do love about myself is that i don't actually make it compulsory you must invest in bitcoin or trying to make them go against their wish to invest, before anyone invest through me i would first tender them the rules and regulation that follows the crypto and bitcoin market then i will give you time to think about it before i could even show you how to buy bitcoin by yourselves and not me to avoid the story that touches.

My father spent his Christmas with me and my brothers. He did talk to me about the world market going down. He invested some into our local stock market. So there was no talk about bitcoin and its price which is down too. But if ever someone asked me about it then I can simply tell them about the bad news something that is also happening in the world market. Our local stock market is more fucked up than bitcoin right now which is why I am considering transferring some part of them to bitcoin since I feel more confident of it bouncing back, especially in the coming halving. I am honestly losing hope in our local stock market so even bitcoin at its lowest stage after its ATH is still better.

I entered the currency circle through a friend's introduction. My first investment was my two months' salary, and I lost all my money. But I didn't blame anyone. It was my own inexperience, and I was mentally prepared.

There are not many ground rules for investing, it's just about how we manage all the risks involved due to market volatility. People will ask, it must exist especially since they already know about our activities as people who invest in bitcoin. Profits and losses are a consequence of investing, and I think everyone will understand that. So of course it doesn't matter about one's reaction regardless of whether we lose or gain.

I don't understand why you started asking like this after you know bitcoin and use forum since 2020. This sounds weird to me. Even now that bitcoin has passed its first decade, not everyone knows about bitcoin. As users who already know a few things about bitcoin, you can tell them what are the advantages as a currency and what are the advantages as an investment over fiat and gold and other investment assets.

This is not a good thing, and it is thankless, because some relationships will be affected by money. In this bear market, some newcomers who are new to the market will not have enough patience and will easily lose money. If your friends enter because of you After the market loses, it may blame you.

I will truthfully tell my relatives or friends about the temptations and risks of the encryption market. This is the way investment is. If they can accept the risks, they have to get their share of the meat, but I cannot guarantee that they will be rewarded.

I don't understand why people are always very excited to teach about Bitcoin to their love or close relative, you don't get any benefit, but actually you will receive many risk and bad thing happen in your life. Bitcoin isn't a new thing anymore, almost everyone already hear this word and each person has own device to search this on google. No need to teach them, they will learn it yourself.

That has been corrected, though I've never used such word to address cryptocurrency to anybody. However, didn't know how it makes some people feel just added it to my thread to better explain the write-up.
You've got a nice response, but the bear market started long before the festive season. It's just a clear fact that cryptocurrency has no specific time to go bullish or bearish, because this was the period the price started moving up in 2020 then skyrocketed in 2021.

I will not tell my relatives, because it is difficult to make a correct judgment without entering this industry for a certain period of time, and 99% of people who enter this industry have to experience a very cruel side. Some people can still stand up, and some people will completely collapse Down.

It is because it is a bear market now, so I told my friends that I can buy some bitcoins appropriately. Although I think this is uncontrollable, I still have confidence in the market. I think this is the right time to enter the market Yes, I know they may lose money, but I still don't want to be a person who doesn't care about others.

If I were asked about the state of the bear market, I would reply that it is time to start investing in crypto as most of the coins are dropping in price so people who are new to crypto can start buying it and making it their investment. But they have to have a plan on how they are going to start buying it and I always recommend buying crypto gradually so that in the event of a further decline, they can keep buying cheap. And I advise them to stay calm and always watch the market to find ways to buy at a lower price.

My relatives are more bullish on Bitcoin than me, they are convinced it will go up and up and constantly tell me to save the coins and don't sell them now. But even if it was the opposite, I wouldn't be bothered, because I only invest my own money and never any money from the family budget or something like that. Remember the golden rule of investing "invest only what you can afford to lose". Sometimes the "you" part must also be stressed.

what I will tell my family or friends about the bear market, of course I will say to my family or friends, that is, we must be strong before we make a profit, and must have positive thoughts, because if we sell during a bear market it is a big loss. and also in investing in bitcoin and crypto. we have to take the risk. that is
loss or gain.
 and I will not relate about the conflict between Russia and Ukraine.
because from the past also bitcoin and crypto cycles. it is like now. that is, there are ups and downs.

If in 2021 you've already explained Bitcoin to them without bias, I think there is no need for further explanations now. They must have already understood that there is a bull and bear cycle in Bitcoin. The price jumps high and corrects and then consolidates and bounces back up again. That's the reality with Bitcoin. If an ATH is reached, that's when you consider selling. And when the price falls hard, that's when you consider buying.

But if in 2021 you only hyped Bitcoin because it went as high as $69,000 and didn't briefed them of the reality of Bitcoin's price, then they aren't aware and possibly caught by surprise. You really need to talk about it today, that it is normal and there's no need to panic. If at all, they would even consider stacking more while the price is cheap.

There is a technique to follow someone in anything that requires money. When financial issues arise, my family members can occasionally be dramatic. When they haven't inquired, I wouldn't dare to start educating them (family members) about bitcoin. However, if they were interested, I would inform them of the risks associated with bitcoin and what they need to know about it. I don't want to put myself in a position where a family member accuses me of causing their or future cryptocurrency misfortune.

This is what I'm doing on which it is really that impossible that they can't able to understand and make out some differentiation when it comes to price on all over the years which we can say that we've been able to move and increase for how many folds and of course you should make them realize that a certain market does have a bearish and bullish cycle which it is really that just normal and it's better not to easily freak out when it happens.Instead it would be wise if you do see up some opportunities on this one.It matters on how well you do explain it to them.

The bear market is surely coming to an end. In the past couple of months from around 10 crypto related news approximately 5 had a negative tone, 4 were neutral, and 1 were slightly positive. It's a good indication for the market cycle. The capitulation already happened. It can hardly be worse than this. So this is the best time to accumulate. 2023 should be similar to 2019 in terms of price increase.

Whenever I have some relatives or even close friends who would ask me some crypto or market related question,
I would just explain to them what I know about it in the simplest form that they could also understand.
I have some non-crypto friend or relatives who are interested in it so I would just give out example that they could easily understand.
The key to it is knowing how much they know about the topic.

The say that Bitcoin has Bearish and Bullish cycles. So it's not just about FUD and various negative news, but indeed now is a bearish market where the price of Bitcoin will continue to fall to its lowest point, which we can't predict. Also say that in this Bearish era investors usually do DCA, to buy Bitcoin in several price stages. So that investors are able to collect more Bitcoin at a low price. However, one thing that must be done by investors is that they continue to be patient with the current conditions. The new market will start to rise usually after the Bitcoin halving period which will probably happen around 2024. Indeed, we have been waiting a long time for a bullish while the bearish period is very long. However, this does happen in the crypto market. Don't panic and stay patient. As long as we hold Bitcoin, it will be safer than altcoins.

I just make them understand the ongoing situation as well as the growth that have taken place through years. So, they'll understand the growth as well as the drops that have happened. It makes them clear that bearish and bullish move out of the market is common thing. It is our responsibility to get adopted to the market and find possible chances to make the best amidst the market situation.

It is always advisable to spend what one can afford to loss, and it is a must to understand one's need, and the ability to hold before making an investment. Because, only the person who have the patience and ability to withstand experience the success.

Actually I don't do more of talking but rather encourage them because most persons I've convinced into joining crypto, were all well educated of the risk involved because just as I told them to buy now as the best time to buy since we're in bear market, I always make emphasis on the fact that just as there are possibilities of you waking up to double the price of your capital, same thing can also happen and you'll wake up with a blown account ad that is why it is referred to as volatile and with this alone I've shaded away a whole of talks because what ever they do after this plain truth is now at their risk and nothing is guaranteed over here.
I also ensure to teach them how to study the market and do almost everything by themselves.

I think it's a very simple thing to do. At least, they could see what's going on in the market with there very own eyes. I have a family member I brought in and not for once has he dared or bothered me on the on going bear market. That's simply because, he understands.

Where most of the errors are made is bringing in individuals with the get rich quick ideas, people who only see cryptocurrency for what they could acquire and not the risk that surrounds there choices. You ought to make them understand that it's not all rossy out here and they could lose too and lose big.

It all depends on what they are being told at the initial phase of being introduced. Should you have projected the lose more, then it would be a lot more easier to explain what goes on in a bear market. Best to let them know, they don't lose if they don't sell. When it happens to be alts, then it might either be a matter of cut the lose or be ready for whatever becomes of your investment. Its just that simple, the market is in phases and the bears offers you a buying opportunity so, don't lose by selling instead, you buy and hodl.

If you have told someone about bitcoin and also told them that it’s acting volatile and has had so many bear market times and the person you introducing Bitcoin to is still interested then I don’t think you should worry too much.

But is bear,  Bull and investment all you tell people about Bitcoin? Then you aren’t even fit to tell people about bitcoin because you don’t actually know about it. Teach people all about bitcoin and all it can give them aside investments.

If the price is falling we can say people are cashing out to buy gifts and family needs during festive, and if the price is increasing then we can say, people who got their bonuses are investing their extra money to Bitcoin.  Honestly, these kind of explanation are just assumption, we never know the real reason unless we do a survey to everyone but the thing is the demand and supply often give us hint on what speculative reason we have to say.


To get ready for them then we have to do our own research, see how the market performs this year and read speculations and predictions and select the one we think is the most likely to happen in the future.

I don't think it should be that had to explain to family and friends the two circles in btc i.e the bull and bear, once they understand these, they will be prepaid or understand the reason why the price always fluctuates.
No one should be made to believe that BTC will only increase price without any correction, it is better to give this information from the very beginning to be aware of the risk involved. 

I have said before that investing in bitcoin is risky, you can start but you have to be mentally strong to face bear markets and other situations.
Even though I have an excuse because many friends have invested in bitcoin, I have explained from the start how bitcoin works in the market, not only in bullish times but also in bearish ones. We must be prepared to face all of them, especially in their mental pressure.

At dinner I talked to each other with my friends and talked about the bearish market conditions, but fortunately they already understood the current situation. I didn't get any pressure except that they both said "HODL" and never sell bitcoins that have been traded. owned because in the future it will definitely go up again and my friend also understands about the bitcoin cycle which always has a good history.

Actually I'm still happy that bitcoin is still at its lowest price, meaning that I can still get as much bitcoin as I can buy with dollars.

I live alone all by myself. So there's nothing to tell to anyone. But I have friends who are involved in crypto. And they know the situation well, what is happening and what will happen in the future. I am glad that I don't have to explain this to them, as they already know about it well.
Unfortunately they are not in the forum as they only trade and not much interested in forum. I have tried to get them here but they are busy with life and work. One day, maybe.
But this post is interesting. I'm here to read other's reply. LOL

I am very sceptical about advicing friends and families to invest into crypto currency. When a bad lose happens one takes the blame for it. I have only discussed about how bitcoin could save us from banks centralisation but I hardly discuss the profit part of it. So if I could advice a love one already involved in bitcoin I will say it is the period to be patient and not rush off selling ones assets. It is also a period to buy more for investors planning to add more

I would say study it before you decide and don't make a decision because of other people's advice because that doesn't guarantee it can give you an advantage. Market conditions fluctuate a lot so you have to be careful in deciding because it is your money, and you are responsible for managing it, including investing in the coins you want.

And if market prices are affected so much during the holiday period, it may be because people want to have cash so they sell their coins for fiat to spend. But surely there are many reasons why the price fluctuates or gets affected. And another piece of advice is to buy bitcoins at a price you can afford and hold on as long as you can until you see the price can go up very high, then sell immediately to take that profit.

Those who invest in Bitcoin should understand how the price movement works. We know why Bitcoin began to fall in price. The first dump occurred when Elon posted Nagetive posts and massively adapted Doge. Then there was the Terra accident, and now there is FTX. These three accidents brought down the entire crypto market, and if anyone asks, we should explain the story behind the dump. There are more Binance rumors floating around. It's a little alarmist, but imagine what would happen if something happened to Binance. We must suffer once more, and the crypto community will be in total shambles.

If they are really curious they won't solely depend with asking people but rather will find ways to get an answer for themselves. I get the point;share what you know to encourage more people towards this industry but I just won't give advices. First of all, there is a tendency for me to be blamed gigen that  there are no consistencies with this industry which nullifies any kind of advise or prediction of the market.
For sure you want to give an advice but it won't be that easy. Doing so would somehow create an idea that you are encouraging them towards this industry. Problem has something to do with market price volatility which could yield to huge profit loss if things wo 't be handled properly. So I somehow agree with this idea of either choosing people who you think has potential, and avoiding to do such in order to not encourage them right from the start.

Tell them it will pass, it will pass and you get used to it soon 

It does make them relax though as if the price will soon pump up again when you say the bear market of crypto will soon be over as the oversold level in RSI is close. That's just what I said to my brother and he seems to be calmer but I reminded him that the next cycle will make his BTC value double so wait a while.

We will not discuss things regarding finances on our Christmas Dinner, It is a time to be happy and not to reflect on what did not go as planned this year.

For many of my loved ones who were inspired to invest in bitcoins after finding out that I was into bitcoins, I made them know that as glittery as it looks, Bitcoin investment is no assurance of wealth especially without patience and knowledge. They knew about the possibility of the bear market before they joined, so as they are experiencing it currently, their consolation is that the person who inspired them to join is experiencing same market effect and hasn't quit. I encourage them.

Whenever I give someone investment advice, I always remind them of the risks they take, so when a lot of people become reluctant holders during the bear season. I still do not want to say anything more, but I still emphasize that it is a risk in investment, if you want high profits, you must accept high risks. If they are afraid, they can sell, if they still believe, keep holding. What needs to be said I have said before they invest, not wait until now to say.

When I see that word in the context of bitcoin/crypto I always close my eyes and compose myself because of the cringe. If anything, it makes us look like scammers a lot more — as if the cryptocurrency space wasn't spam-filled to start with.



That's actually a pretty reasonable excuse.

I’ve been consistently telling my parents before about investing in Bitcoin during 2015 when I’m still a student and until now but they still ignoring me despite I show rhem how profitable it is using the price chart history. They preferred the traditional stock investment over crypto investment because they can’t handle the risk of crypto due to its volatility. They just ignored despite the profitability is so high.

The best effort that I do for them to invest is just give them a crypto gift that they never touch since I give them last 2018 bear market. I failed to sell it during the peak because they are away with me and they don't want to touch it without me.  

Since I haven't advised a single family member (close and distant family included) to invest in Bitcoin, I won't have issues like that. As a matter of fact, I even talked few out of it because I knew they wouldn't be able to handle price volatility, or because they simply couldn't afford it.


Ditto. That's exactly how you can get into problems, if you present bitcoin like something that will change/affect people's life dramatically and then we reach bear market the fun starts.

Till date I've given advice to few of my friends and family members. I've given suggestion to invest on their own risk and to pick the coin of their choice. Whether it is bitcoin or altcoins, it is upto them. Earlier while teaching about cryptocurrency I've briefed them with the proper chart. Now the real-time market will just let them realise the reality of the market.

Nothing. Because frankly, they don't disturb themselves with the happenings of Bitcoin. If I do that tho, I'd first of all explain what Bitcoin is to them and try to break it down to the simplest form for them to understand before they can grasp what I'm saying as regards to the bear period. So, no thank you! It's better for them to stay ignorant.

I'm not surprised at all that this came out of the shitty CT kitchen, do people still read that garbage?

If someone advised others to invest in Bitcoin just for the sake of profit, and now he is embarrassed to sit at the same table with them while cutting the Christmas turkey, then he fully deserves it. In addition, the topics of conversation for Christmas lunch/dinner should be about other things, it is not about a meeting of investors but a meeting of family and friends.

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Not in my case, I don't advise anyone to invest in "crypto" in the last 5-6 years - anyone who wants to invest in such things can find enough information online. If by any chance they lose money, let them argue with their computer.

Luckily I'm that family member that does not really mingle with other family members unless asked to, and when I'm in a conversation with another family member, I try to be as concise and as short as possible in order to not be their topic just because of what I said. Perhaps if I recommended this crypto investing to a friend, then I can explain that there are a lot of factors that contributed to the current situation of the market. Great emphasis on the Terra scam and FTX funds' misappropriation as I believe these two are the greatest movers of market sentiment that sent us to where we're at right now. If not started by Terra, and not ended by FTX, we could have a great sideways market but eh, they just have to ruin the fun for most of us.

I tell them ..nothing. Because I decided really early to not shill my relatives any investment — bitcoin/crypto-related or not.

Also please stop using the word "gospel" when telling people about crypto/bitcoin.

I'll try to reassure them by urging them to be patient and that the bear market will soon come to an end. And I'll let them know that, according to the history of Bitcoin, there are always a bear markets and bull runs in the cryptocurrency market.so after the bear market period, it will lead to bull run which occurs due to halving in blockchain, which happens consistently every four years. I'll let them know that they shouldn't worry too much about the current market situation that is already leading to an end. I will calm them with some works like they shouldn't let the fear of losing be greater than the excitement of their winning because we are closer to our profit period.

The same thing you tell anyone about a bull / bear market. Things run in cycles, and it's just the way it is.
How much you made / lost be it unrealized or not is a matter that everyone has to make their own decisions on.

What to tell family is always going to depend on the family. Be it BTC, or any other investment.
If you think differently then figure out why if you were treating BTC / crypto as an investment you would discuss it any differently then investing in something else.

-Dave

I consider investments to be strictly personal, specially investments within the crypto space.
I avoid to tell people where to put their money both family members or friends, I am not a financial advisor, after all. I mostly talk about the technology behind Bitcoin and how it helps to transmit value in a decentralized way, but I don't talk about speculation often.

Last time someone asked me if it was a good idea to buy Bitcoin to speculate, I told them "I don't know". Anyone buying Bitcoin for short term or mid term gains is supposed to be ready for high fluctuations of price.

So I do not need to think what to tell my family about this bear market.

I just tell them that it is a part of the cycle and once it is over the good days of bull market will be back.
So just let the time go and once the market recovers then we can make good profits.
This is literally the only thing I tell them to make them calm because they get stressed about the prices.
In order not to make them panic sell at such low prices this is what we should do.

I generally follow the rule of not giving investment advice to any people, including loved ones. I can share my thoughts if they seem interested, but I always mention the risks (e.g. that there's no guarantee that Bitcoin will recover from the bear market only because it recovered from previous ones, there's no guarantee that it will recover fairly fast, there's a real risk of the investment going down for some time). After all, why would I give any reason for others to blame me for the money they lost? People should make their own decisions about investments.

During the 2021 era bitcoin price flourished and many investors made lots of profits, out of love for our family and friends it’ll be improper not to tell them about crypto. Even when they’re asking so many question and ready to invest into the market to earn like every other person did. Though I could remember, sometimes last year, telling the writer of my project who asked multiple questions about bitcoin not to buy bitcoin at 50k as he may not gain profits yet. Some of us may have inspired their loved ones to invest into bitcoin. What do you have in mind to tell them about the falling price of bitcoin during the Xmas Dinner?

Coin market cap made an article about this and how to explain things in details for them to understand. Beginning with the Terra fall, Three Arrow Capital, Celsius, down to FTX who tried to save the market, but ended up tearing the recovering bitcoin price apart. Don’t forget to add the Russia-Ukraine war as an attribute to the bear market.

What are your contributions to the right answers for people who ask questions like why the market price is so affected during the festive period?

They’ll be lots of questions to be asked by our family members who invested into cryptocurrency last year, how do we get ready for them?


https://cointelegraph.com/news/xmas-dinner-table-what-to-tell-your-family-about-what-happened-in-crypto-this-year