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Topic: Would you encourage your friends or family to buy BTC? (Read 1912 times)

hero member
Activity: 756
Merit: 500
No I won't, they don't understand about Bitcoin and the wild fluctuations, will scare them to death.
hero member
Activity: 634
Merit: 500
Told them repeatedly last summer around $5, noone listened.

Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now?

I can answer for him: yes they did.

They probably see him as a genius, wake up, he told them to buy at $5, BTC just went to $266.

Been there, seen that. They are probably throwing money at him for him to buy BTC, right now.

That seems to be the pattern!  There was one guy in my office talking about it back in October 2012 and I was unfortunately dismissive of him as well.

I treat this cycle as a bit of an in-joke. I tell random strangers, and anyone who will listen. If the price goes through the roof again, I look like some kind of mystical genius, if it goes down, nothing lost on my part.
full member
Activity: 238
Merit: 100
I feel obligated to at least inform them on it (if you don't, how will you feel if Bitcoin becomes mainstream). From there, i'll let them determine whether it's a good investment or not
hero member
Activity: 490
Merit: 500
I already did encourage a friend of mine to buy BTC but he decided to pass and go with more vanilla stocks / mutual funds instead.  It's understandable - there's a lot more to understand with bitcoin than with stock investing, so it's sorta advanced investing.  I suspect he'll regret it later on when the price is skyrocketing again, but oh well, I tried.
member
Activity: 71
Merit: 10
I have seen how people in my family use their computers, it would not be the best idea.
hero member
Activity: 728
Merit: 500
My parents have got a 8 bitcoin in a cold wallet. I wouldn't advice anyone to buy BTC if they couldn't secure their bitcoin themselves.

This is a really good point, and currently security for BTC is not trivial - especially for more of a mass audience.  Kudos to your parents for having a cold wallet!!
full member
Activity: 146
Merit: 100
My parents have got a 8 bitcoin in a cold wallet. I wouldn't advice anyone to buy BTC if they couldn't secure their bitcoin themselves.
legendary
Activity: 1372
Merit: 1000
No, But by giving away Paper wallets worth $20 in 2012, and explaining the concept, it had the same effect as recommending when they went up in value.
member
Activity: 70
Merit: 10
My banker brother could not understand it last month.
Many of those in that sector are too closed minded to see the true picture.
A generation of intelligent people lost to banking but unable to think creatively.
Their minds and talents should be creating true value in other industries.

The money was too much to dissuade smart individuals from going into banking.  Thankfully the number of jobs are declining and all the people finally freed from the grip of finance employment can put their talents to better uses.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Told them repeatedly last summer around $5, noone listened.

Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now?
This was me, too. After the crash from $250+, I actively discouraged them from investing (different from using) until they had read the whitepaper.
sr. member
Activity: 252
Merit: 250
I would only recommend Bitcoin to family if they wanted to come in and make a quick buck.  Otherwise, I'd recommend something with a better shot at long term viability and worldwide adoption, like Ripple.  In fact, that's exactly what I do.   Wink
Fortunately I'm not in the Ewing family so wouldn't shaft my family with that ripple crap.
 Kiss


I'm sure similar things were said about Bitcoin.  Hmm...more for me....choo choo!   Grin
member
Activity: 119
Merit: 100
BitcoinMoxy.com
They should just look at all the relevant information and decide for themselves based on a need and want estimation.


hero member
Activity: 728
Merit: 500
Told them repeatedly last summer around $5, noone listened.

Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now?

I can answer for him: yes they did.

They probably see him as a genius, wake up, he told them to buy at $5, BTC just went to $266.

Been there, seen that. They are probably throwing money at him for him to buy BTC, right now.

That seems to be the pattern!  There was one guy in my office talking about it back in October 2012 and I was unfortunately dismissive of him as well.
full member
Activity: 209
Merit: 100
My banker brother could not understand it last month.
Many of those in that sector are too closed minded to see the true picture.
A generation of intelligent people lost to banking but unable to think creatively.
Their minds and talents should be creating true value in other industries.
legendary
Activity: 1148
Merit: 1018
Told them repeatedly last summer around $5, noone listened.

Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now?

I can answer for him: yes they did.

They probably see him as a genius, wake up, he told them to buy at $5, BTC just went to $266.

Been there, seen that. They are probably throwing money at him for him to buy BTC, right now.
hero member
Activity: 728
Merit: 500
Told them repeatedly last summer around $5, noone listened.

Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now?
legendary
Activity: 1260
Merit: 1000
Drunk Posts
Told them repeatedly last summer around $5, noone listened.
sr. member
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
YES AND ALL FOUR WHO TOOK THE ADVICE HAS MADE MONEY.
full member
Activity: 181
Merit: 100
I tell people the facts when it is appropriate and would not ruin the conversation. I tell people about my own decisions. They make their own decisions after that.
hero member
Activity: 728
Merit: 500
most definitely, already did so.

I encourage them to be aware of it and then make their own decisions.  After enough time learning about Bitcoin's fundamentals and brief (yet resilent) history - it seems like an asset to at least have some of in a portfolio.
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