Topic: Which of your friends and relatives deals with bitcoin? - page 6. (Read 739 times)

I was introduced to bitcoin by a friend, but what I gained from knowledge to experience is that I taught myself and used money to buy lessons from my failures. But I'm not like you, I don't want to teach others about bitcoin investing, even if they come to me independently. Because I believe they are not like me, willing to accept losses to learn lessons and experiences in the market, what they want is to make money like me, but they are not willing to take losses as I did. In investing, no one can win the first time, to succeed, you need to fail first. So I can only suggest they do their own research from youtube and social networks, I don't want to be blamed.

I have introduced bitcoin to some of my friends but only picked interest in the currency. I think the get-rich-quick syndrome in our society is responsible for their low interest. Most people are attracted to investments that will them 100% interest in a few days. Poverty might be another reason why some of them are not picking interest. The harsh economic conditions have made people focus on surviving more than investing.
But I am thankful that one of my friends is a bitcoin hodler and both of us keep information on bitcoin. The current increase in the price of bitcoin has made him happy and he now believes that the price can still get back to its former all time high price in the future.

I also have friends and relatives who deal with Bitcoin. Although we don't discuss it all the time, it is good to have somebody to talk to about Bitcoin, something that many don't understand or even heard of. Best practices and safety tips could sometimes be learned from them.

It's good that you are already using a hardware wallet this early. Many use it as an excuse that they only have a small investment that's why they don't have to buy a hardware wallet and keeping their Bitcoin in an exchange is enough. You're uncle is a great help.

All security methods have their pluses and minuses, as long as you know what you are doing. HW is not always recommended in some cases, especially in harsh environmental situations, or if you are bad at storing small goods.
For example, your uncle recommends HW because he lives in his own house, but it's not very suitable if you live with friends and in a boarding house because it's impossible to have a secret private space.

When talking about friends, it seems we are different, or opposite. Because from me, I was the on who introduced Bitcoin or cryptocurrencies to them. And I can feel that they are very thankful because they started to use cryptocurrencies and they have already an idea about it. Some of them started to make some huge money on investing/trading/etc.
I'm just thankful because they are thankful and grateful to me after all.

So many of us today who started Bitcoin from 2000 20 2122 I got the information from friends and they don't really have the passion like the way some people really had a passion in Bitcoin and through their social media interaction in different platforms like Instagram Facebook Twitter and the other social media communication platform so many people god information there not by a friend so it depends the way you know Bitcoin

It doesn't mean you using a hardware wallet which means you're safe, there are still possibilities that you might get hacked, so be careful about storing your seed.  Just keep exploring here and you'll learn more technical stuff about Bitcoin that you should know, spend more time reading than posting.

I suggest you do Dollar-cost averaging (DCA) in purchasing Bitcoin, this is a very safe way of investing in Bitcoin.
Because that's a very good plan to invest in Bitcoin even with how small a fraction it is, the time will come it will become a whole number without knowing you.

Anyway, welcome to the forum.

everyone has a different story about investing in bitcoin,
Some are online and some are offline.

and apparently you are quite experienced in the crypto world, I hope your post will be motivation for people who are still beginners.

I also think keeping our crypto assets in a hardware wallet is a good thing.

First I would like to say that you are on the right track and it seems that you have already learned a few important things, such as not leaving the coins on an exchange. Either way you should try to learn more through the forum. There are many scams and you should learn a lot about them so that you don't lose your coins through something like that.

But now to your question...
From my family there are three other people who have also invested in bitcoin and who have not looked back. Also some of my friends. I taught all these people what bitcoin is and how important it is. None of them have ever regretted buying bitcoins. The only thing you regret is not investing more money in it when bitcoin was really cheap. 

This is the basic rule in cryptomarket, you have to own your wallet where you can store Bitcoin and other crypto safely.
I have a lot of friends in crypto industry, we just met online and had a great chat sharing thoughts about cryptocurrency. Though few members of my family are into crypto as well, they started to believe during the peak of Axie unfortunately they easily get discourage by the bear market and that's why they are inactive right now. Its good to have friends in crypto, at least they can update you when you are busy and have a good signal as well.

Definitely it is one of them but there's another perfect means to do this better by running a full node, you can also get an open source cold storage like electrum on airgapped device, with no internet at and maintain your privacy steadily, but you will need to learn the technical aspects of running a full node transaction and also get to be well conscious in safeguarding your private keys to access your wallet in case of using cold storage like electrum.

I learned everything myself because there was no one in the environment who could tell me something.But then I became the one who helped my friends and relatives sort out some issues related to crypto,and I’m even glad when they turn to me for help,because I remember how difficult it was for me.So if someone asks you for help or advice,always help and maybe the person who received the knowledge will pass it on.

I'm the least among my friend who knows little about crypto.. most of them are huge holders, some of them are day traders and lots more.. I only started after I had few things from them about crypto I ran into freebitcoin and start earning few their which was not really worth anything. Then comes this forum where I run some few tasks and earn some few tokens which I convert to USDT which I later turns to BTC which I usually don't hold for long though.


#Not your key not your coin" is one thing that's strongly preach across this forum warning users the danger against not having control over your assets. 

I learned about bitcoin from my friend, he trades, I knew about it for a long time, but it did not attract my attention. Somehow we talked with him on this topic and he told me what bitcoin is, I was very interested in it, he also told me that there are many different altcoins. Before that, I had only heard about bitcoin and possibly ether, but I had no idea that there were so many different altcoins.

He explained to me how to register on the exchange, how to buy and sell, everything was clear and I started trading a little, at first my friend helped me, then I started doing it myself. I always kept all my coins on the exchange.

Once my uncle came to visit us, and I accidentally saw that he was looking at the charts on his smartphone, I asked him and it turned out that he was also involved in cryptocurrencies. We talked a bit about cryptocurrencies that evening, I was excited that my uncle also buys bitcoin, because before that I had doubts whether it was good to buy cryptocurrencies, because I know that my father does not take it seriously.

It was from my uncle that I learned not to store coins on the exchange, and later my uncle gave me a ledger, it was the coolest present for my birthday. It was thanks to him that I learned that you need hold coins correctly, safety is above all, and that Bitcoin should be the main investment.

A little later when I was looking for more information about bitcoin and accidentally found this forum, by the way my uncle and my friend heard about this forum but they are not registered here. And I liked how everything is arranged here, there is a lot of information here and there is a large cryptocurrency community here. There are also ranks, you can grow, it's like a game where you need to reach levels.

Now I store my bitcoins only on a hardware wallet and after reading a lot of topics, I realized that this is one of the most reliable ways. So far, my investment is not as big as I would like it to be, but I am still young, I have a lot of time and I am inspired, because I see great opportunities in this, I can buy bitcoin in small parts, and this will be my investment in the future.

I recently read a thread where investing in bitcoin is compared to a young tree that takes a few years to start fruiting, this is a very good comparison, I will project it on my investments and hope that everything works out.

I hope this will be useful for those who still store bitcoins on the exchange, you should think about security and hold your coins on hardware wallets.