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Topic: Why is it so hard to get family/friends into bitcoin? - page 2. (Read 4377 times)

legendary
Activity: 1092
Merit: 1001
Touchdown
The public perception is that Bitcoin is a bubble that's about to pop or it's far too volatile to risk real money.  I avoid arguing the points by simply acknowledging that Bitcoin is a fledgling currency so volatility is to be expected.  Maybe I point to the FBI being one of the largest holders of bitcoins and the IRS putting out guidance as evidence that Bitcoin is being taken seriously and is here to stay.

Then show them how it works (by which I mean make them use it -- have them download Mycelium for Android (fantastic app) or, if they have an iPhone (FU Apple), have them open a web wallet at blockchain.info).

Immediately send them some BTC.  Have them send some back.  Seeing Bitcoin in action is usually enough to make people curious.  Then explain that, going forward, you will send small amounts of BTC for birthdays, Christmas, etc, and show them where they can spend it.  Bitcoin makes for a great gift because they can immediately spend it/cash it in for giftcards, etc, or they can keep hold of it on the off chance the price will rise.  If the price goes down, well, it was a gift anyway.

You shouldn't expect family and friends to immediately adopt Bitcoin.  You just want to sow the seed and always be on hand to answer questions.  Never encourage anyone, least of all family and friends, to invest money they can't afford to lose.
sr. member
Activity: 333
Merit: 250
Ants Rock
androidboss, Only limited knowledge of BTC tell them, How to Mine? YEAH!
Right Here!

 Grin

 
newbie
Activity: 39
Merit: 0
i don't think it is a good idea to let they know it Smiley
member
Activity: 70
Merit: 10
It depends on who is your friend. If he is having knowledge in technology/online currency's  it is quite easy to convince. But for others it is very hard.
sr. member
Activity: 333
Merit: 250
Ants Rock
It is not at all hard. Just 5 minutes of talk, and I convinced my cousin to collect BTCs.

Great! I have an investor in for $25,000  Grin  Now it's time just to set back and watch.  Grin O an the investor is Me  Grin Ooops LOL
legendary
Activity: 3766
Merit: 1217
It is not at all hard. Just 5 minutes of talk, and I convinced my cousin to collect BTCs.
sr. member
Activity: 266
Merit: 250
if you want something do something!!!
well my husband knows about bitcoin already yet he is not into it even though i said that it would be a very good investment like mining some btc or ltc he seems not intrested after all the proof i've showed to him

i also convince him to set a mining rigs in his room in saudi arabia since they have a free electricity he and his co-worker can contribute to buy atleast 400ghs or more because it will give them a good profit but seems like im only talking to myself

whatta dummy Cheesy
sr. member
Activity: 252
Merit: 250
cause they'd rather get you a girlfriend  Cheesy
sr. member
Activity: 364
Merit: 250
Is kinda hard to get family\friends into bitcoin,first because is been a lot of negativity in the media about bitcoin and for example my parents don\t understand bitcoin because is a new thing and they don\t spend a lot of time on internet and on computers .
newbie
Activity: 28
Merit: 0
At point when i compared bitcoin transactions to bank transactions and compared fees, I had no problem to show it to my girlfriend from better point of view.
newbie
Activity: 16
Merit: 0
I've found it pretty tough.  People just make up their minds to hate it.  I could only convince one of my friends to actually buy some, and he was in it for the gambling haha.
legendary
Activity: 2296
Merit: 1014
its easy, just wait they will ask you about bitcoin and how to buy.... dont start this discussion with them, just wait Smiley
hero member
Activity: 1372
Merit: 783
better everyday ♥
Am I wrong in my n00bsque opinion derived from a mere 2 days of researching and reading about bitcoin from a knowledge base of zero on the topic, that there probably isn't likely going to be another point for bitcoin value to drop below the $100 mark - or maybe once more before it begins its upward climb to mainstream adoption?

I'm getting the impression that the volatility is more in the scared, skittish sorts bailing out the second the media tells them anything negative about bitcoin, and not the actual value of bitcoin itself. So if I purchased 1 btc today at $480 and tomorrow China officially bans bitcoin, the US starts yapping about banning it, and all the skittish people jump overboard, the value drops below $100, technically I lost money, but if the media says WalMart will start accepting bitcoin and the value suddenly jumps to $1000, did I double my money? Do I have 2 bitcoins and change? How does this work? Am I missing something?

I totally get the speculation part and it's kind of exciting (is that bad? Cheesy ) wondering if I should wait til the next media beat down for the price to drop to a more "appealing" range ($100 or less) and jump in then, or just fork over $500 and buy one, and let it ride the wave.

Advice?

(And by advice I don't mean suggesting bitcoin is doomed, I know it's not...it's emerging. These are growing pains is what it looks like from here)

If you buy 1 and it goes up in price, you still have one BTC

The trick is to try to get more than 1.   Roll Eyes
member
Activity: 112
Merit: 10
Don't act like you haven't done this, cuz you know you lyin' brah?!  Try to get your friends/family into bitcoin.

What would be more productive is to talk to local business that you do business with on a regular basis, and talk to them about bitcoin, and refer them to companies like bitpay.

You family's eyes are going to glaze over if you keep talking bitcoin, and there's no reason for them to use it, other than a speculative, currently very volatile, investment.   If they could actually buy something with it, then you will have made progress.

I'm not talking big box stores, but local businesses with local owners that would be receptive to the possibility of using bitcoin.  When my corner convenience store accepts bitcoin, I will be extremely happy.

legendary
Activity: 4690
Merit: 1276
too many scammers?
I'm sure that this is one of the issues that people are facing his, what's making them stay away from bitcoin. Why would you invest into something which is very risky, where you could easily lose money?

That's an easy question to answer.  Because the potential exists to make a ton of money!  It is also a good way to make a concrete socio-political statement for those who are into that (though what, exactly, the statement is is nebulous and open to interpretation and debate.)

The risks of fraud and theft are significant, but relatively easy for a fraction of people to overcome.  Bitcoin is a completely appropriate speculative vehicle for a certain fraction of people.  Not a high fraction, but there are a lot of people in this world so there are a decent number of people for whom Bitcoin is a good fit.  As an established user I take it as a fairly serious responsibility to identify these people and tune any advocacy (if one can call it that) accordingly.

legendary
Activity: 2674
Merit: 2965
Terminated.
too many scammers?
I'm sure that this is one of the issues that people are facing his, what's making them stay away from bitcoin. Why would you invest into something which is very risky, where you could easily lose money?
member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
You don't even have to go into mathematics, they just need to shut up and listen for like 5 minutes. Like good lord, some people piss me off....

Anyone who would be convince to take a position in Bitcoin after listening to some evangelist for '5 minutes' definitely should NOT be fucking around with BTC.  These types have caused most of the damage to the ecosystem thus far be being dopes and losing their stash to criminal (among other things.)

And anyone with get's pissed off by not convincing a 'new user' that Bitcoin is the greatest thing since sliced bread with 5 minutes of witnessing (and undergoing the abuse of needing to field a question or two since you seem to wish they would 'shut up') is probably not the best Bitcoin advocate in the first place.

IMHO.



Its not like that, they just ask stupid crap, and its the same stuff over and over.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Correct, people should read/study/learn before buying any BTC.
legendary
Activity: 4690
Merit: 1276
You don't even have to go into mathematics, they just need to shut up and listen for like 5 minutes. Like good lord, some people piss me off....

Anyone who would be convince to take a position in Bitcoin after listening to some evangelist for '5 minutes' definitely should NOT be fucking around with BTC.  These types have caused most of the damage to the ecosystem thus far be being dopes and losing their stash to criminal (among other things.)

And anyone with get's pissed off by not convincing a 'new user' that Bitcoin is the greatest thing since sliced bread with 5 minutes of witnessing (and undergoing the abuse of needing to field a question or two since you seem to wish they would 'shut up') is probably not the best Bitcoin advocate in the first place.

IMHO.

member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
You don't even have to go into mathematics, they just need to shut up and listen for like 5 minutes. Like good lord, some people piss me off....
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