Topic: Which of your friends and relatives deals with bitcoin? - page 2. (Read 739 times)

This is the same reason why I am super hesitant to share or encourage any of my family to deal with cryptocurrency investment. It is a risky investment and they tend to just focus on getting the profit. It is also hard to explain that you should be investing what you can afford to lose. It is also a waiting game for you to get the profit that you want. It is hard to be blamed when you gave advice regarding your assessment in the economy since it is your personal. They should have their own assessment so that the only thing that they could blame is theirselves.

Being or getting blamed is the main reason on why i dont really tend to share up this crypto opportunity among others or even into my relatives because i dont really like that the would really be blaming me on the time that they are seeing their portfolio is on reds.I have that bad experience on the time i had explained it to my cousin and on the time comes where the market did make some -20% on his portfolio then
he had been speaking bad things about me and blaming me out.After that, i didnt tend to explain it out on the time that someone do ask out about it because
i dont like to experience the same thing again.

Everyone won't take it positive, and many doesn't understand it easily. This is gonna be real troublesome. When they're in need if the market is downturn they'll start worrying. I've explained it to my relatives along with the risks. Some request me to buy for them. I never get into such business, I just direct them to the market exchange where you've got everything required. Even the demonstration to buy is available. Even one of my friend who have got good knowledge about technology argues not to invest and he never understand it. So, it is also difficult task to educate people who hadn't got knowledge about technology.

Some of my friends are investors of cryptocurrency but I never wanted to encourage those who are not especially my relatives. Reason? exposing them to risk. Ofcourse they should have the initiative to do so, but what I am worried about is to be blamed afterwards especially if things won't work out as they have expected. The market itself is unpredictable and prices could fall down in an instant.  Given that you are a relative to them, you'd be somehow responsible of their action especially if you're the one who somewhat encouraged them. So everytime some of them are asking I either not encourage them or change the topic for them to seek curiousity for themselves than to be exposed because of my presence.

Most of my friends have cryptocurrency portfolio which I never expected. I came to know about it in a recent meet-up. In specific friends working on the IT industry have it more commonly. The shocking thing happened an year back when I got opportunity to meet a friend of friend. He tried to talk about cryptocurrency and later we had good discussion and he showed his portfolio which is really huge and completely unexpected. This guy used to travel to different countries and he stated it as the reason how he got introduced to cryptocurrencies.

One of my early threads which I made mentioned how I came to know about bitcoin. https://bitcointalksearch.org/topic/m.60204521, it was a seminar but I didn't get everything there  until a friend of mine introduced me to this forum to learn more about bitcoin since I was inquisitive to know bitcoin. Anyone that come in contact with bitcoin will not regret. Because it is the best place to invest, trade other business activities.

Non of my relatives know what is bitcoin, but I am teaching them now to understand the concept of bitcoin and it uses so that communication about bitcoin will be fluently. But five of my friends are bitcoin masters. I learnt it from them and still learning from them as well for anything that I don't know, I would asked them then they would tell me.

This is the best advice, it is never a good idea to store or leave our bitcoin investments on the exchange, Many of us who have been in this for a long time now had no body to advice us, we had to learn the hard way, anybody on this forum who is an OG would remember a cryptocurrency exchange called Cryptopia, I lost more than 85 percent of my bitcoin holding on that exchange when it was hacked, this exchange was my fav at the time, I used the exchange as a wallet, kept all my coins on this exchange which consist of bitcoin and some other major altcoins, I lost everything when the exchange was hacked .

I must admit you have a great uncle, and i hope you look out properly for him, also encourage him to join this forum as i believe there is alot to learn, and also learn from him, the gift of a hardware wallet is the best gift, i wish i had some one to give me such a gift .

I wouldn't know if any of my relatives knows or deals with bitcoin because i have never heard or had such discussion with them before.
I first heard about bitcoin from a close friend then i thought it was nothing serious or something that will not be useful or profitable.
As time goes on, a friend again came to me and said much about bitcoin that i should try and invest on it. So he thought me everything i need to know about bitcoin and today am happy about it.

My brother introduced me to this forum, and the first thing he taught me was how to make money from airdrops, social media, and signature campaigns which was a lucrative business for me. Later on, he taught me about selling those coins and investing in bitcoin which I am still into to date, he has been my adviser with investing on this forum.

I had shared my stories many times, but in small, important parts specific to that OP's post. But for you, I have, like, maybe the same answer, that I spent much time on crypto back in 2018 and left it due to a lack of knowledge, but in 2020, I saw a WhatsApp status of my University Fellow (he shared a pic of his wallet with money), and I was like, really, crypto is real! like I have got many questions in my mind because, back in 2018, I was frustrated by scammy websites and left it by saying there was nothing in it. Well, when i saw his status pic and asked him and he said yes it is real and you can make do it too. It's not that tough well he started to give me online classes on Zoom for free (because he lives in another city and due to covid we could not meet).

This was my small story of how I got into the crypto sphere. After that, I got to know about this forum, and then I started to read and learn. I even made a website about crypto, (in which I share whatever I learn about blockchain and BTC and how things work). Well, that did not benefit me, but it was a great experience. (Note: Actually, I got traffic but it was not approved by AdSense, so there was no money in it and I needed it, so I left the website and moved to the affiliate website.)

Talking about your gift of the ledger, I should give you an extra tip. That, buying a hardware wallet from a third party could cost you all of your savings. I know ledgers are highly secure, but if you bought them from a person who knows some coding, then your wallet is not secure, so I think it's wise to ask your uncle about the origin of this gift. You can read this topic about what I said.

Many years ago, there were a number of my relatives who knew about Bitcoin, but they were talking about it in front of me as if it was something somewhat unknown or mysterious; after that, it was fortunate that I gained the friendship of a friend of mine on Facebook from Bangladesh, and this young man was like a teacher for me as he helped me a lot to educate myself and gain experience to enter this field, and after this spark that he gave me, I was able to light my life with Bitcoin investments, and by getting to know this great forum, and through various discussions and through YouTube and books that I read I was able to start dealing with Bitcoin, and I am still proud that just as a friend helped me to get involved in this profitable field, I never skimped in advance on someone from my relatives, friends, or people I do not know with information, recommendations, and guidance.

I call bullshit on this story, and 90% of other stories ever posted on this forum.

Call me skeptic but it's hard enough for 1 person to introduce another person to Bitcoin in real life, and then the person you teach spells Blockchain with a capital B, and then goes to tell all his cousins and close friends, and none of them got mad at him when prices now crashed?

You admit yourself people are more interested in profits, including yourself, but where are all your angry/confused cousins and friends you supposedly told?

Yeah but this time their excuse is different, its the high price and I do agree for the third world countries affording to buy One bitcoin full is a tough nut. Even if I try to explain that fractions are there because of this reason, they have a certain affinity to the ownership of a whole number of bitcoin. You cant change this mentality by yourself but allow them to learn their mistake, eventually they will end up doing it on their own.

However the same stories surrounding bitcoin are still existing and the same conspiracies are still running which shows that it is a just a group of people trying to make themselves look important and therefore should be ignored by no-coiners.

At first, one of my friends from university introduced me Bitcoin. If I didn't meet him my life would be very different now. He helped me a lot. His guidance through Bitcoin and Blockchain technology helped me so much in life. After that I told about Bitcoin to my cousins and close friends. Some of them traded Bitcoin a bit and left. Some keep buying and holding it. But as far as I observe, people are less interested with technology but more interested with profits.

Currently almost all my friends are involve in crypto industry and infact they are investor, so i can't always imagine whenever all of us meet and discuss many things about Bitcoin, i always fill with joy because I we due learn from one other.

But the person that first introduced me to Bitcoin it was my it my roommate from the university.i know nothing about Bitcoin before despite I was hearing people due talk about it and also always see some news about it on different social media to i never take it serious till when my roommate introduced it me and educate me about the existence of Bitcoin and blockchain.from there I also introduced some of my family members to Bitcoin and now they're also in crypto industry.

My first introduction to bitcoin was through a ponzi scheme I saw online some years back, I gave it a shot and it ended badly. After then, I lost interest for a while because I lost my bitcoin to ponzi. After some time I started developing interest again and ever since I have not looked back. I have been preaching the beautiful bitcoin technology to my siblings, friends and anyone who cares to listen and maximize information because information is wealth, and some of them have been responding positively by investing in bitcoin and I'm really happy for them.

While possible it does not seem as a likely scenario, when people find something they are passionate about they want to talk about the topic as much a possible and only after they get rejected over and over again their attitude may change.

So a family member that was involved for a long time in this market would have given many hints of this on the past, and if this is not the case then the most likely explanation we can give is that they have never been interested on investing in this market.

Not only for you, but I think for most people. You will find many people talking to you about Bitcoin but when you ask them about cryptocurrencies or other currencies, they will reply that they don't know about them. Because we mean Bitcoin as crypto currency. If I search among my relatives I can see that many people are probably involved in cryptocurrency because people usually don't feel comfortable sharing these things with others. 

I have a friend who knows about cryptocurrencies and has been involved in cryptocurrencies for a long time. But when he was asked about these issues, he avoided them in various ways. Later when I slowly got the idea about crypto currency and started telling different things about bitcoin in front of him he told me where did you hear them from. Then we had to talk about these things and he said that I have been involved in this line for a long time but never told anyone.

It might be the case with you that many of your family members are involved in cryptocurrency but they may never have told you about it.

Having a friend with whom we can discuss bitcoin is good enough. but it will be much better when we also have family members who are also studying bitcoin and getting into it.

i speak like this because me and some of my family members and relatives have been involved with bitcoin. and almost every time we have time to relax and get together, our chat always flows on talks related to bitcoin and Crypto in general. In fact, we continue to share information and analysis with each other. sometimes we also disagree.

And actually getting our family members to become interested in bitcoin is quite easy. But of course it can't be done in the short term. and requires a long process. and I personally do not invite them directly. but i baited him with a book on bitcoin, i also once gave a gift of bitcoin for my brother's wedding, served bitcoin pumpkin soup and made small talk about future speculation which i always steered in the end to bitcoin. The point is that I have taken many ways. but I don't remember asking them directly. because I know that each person has to decide for himself for any thing.

but I can talk freely about bitcoin with my family members because my country has legalized bitcoin and crypro as legal commodity assets.

but heard the conditions in your country that do not support bitcoin. Of course I think it's better for you to temporarily not involve your family in bitcoin. except just for the simple knowledge required. so that one day they will also be ready if at any time they will enter bitcoin when your country legalizes bitcoin and crypto.

 security should be much more priority.

I had a great experience recently when one of my close relatives came to me for advice about investing in Bitcoin. It was even better because they initiated the idea themselves!

I was more than happy to share my knowledge and help them navigate the world of Bitcoin. We went through the basics, set up a secure wallet, and made their first exchange transfer. It's fulfilling to know that I was able to help someone take their first steps towards building their crypto portfolio.

It's exciting to see more people becoming interested in Bitcoin and cryptocurrencies, and I believe that education and guidance are key in helping newcomers get started. Who knows, maybe one day my relative will become a seasoned crypto investor, all thanks to their first investment and my guidance.