Bitcoin Forum

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.

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 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.

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.

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.

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.  :D

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.

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.

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

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.

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.

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.

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 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 know some of my friends are deals with Bitcoin since few times they're talking about Bitcoin price, but I choose to shut my mouth and act like I was never know about Bitcoin or doesn't interested anything with Bitcoin.

I understand holding a coin in centralized exchange is bad and you need to use hardware wallet for better security. But according to your story there's no mentioned or explanation why hardware wallet is better than a centralized exchange.

Don't forget when you want to access your hardware wallet, if you use unsecured device your coins have a chance to be compromised.

I learned Bitcoin from my elder brother some years ago, and he thought me so many things about Bitcoin investment and what it takes to remain successful in profits making which is keeping me till today in the community. I also learned how to be patience to buy coins in the right time and hold for a better future to come which am enjoying today and I will definitely impact it to my siblings so that they will not see Bitcoin as a scam currency in the future. I believe, the number of bitcoiners will increase higher soon because our government will soon adopt Bitcoin to help the youths to grow well in the area of wealth in the country.

Yes, use the exchange to only exchange the coins. Exchanges aren’t meant to hold your coins; they aren't wallets. So if you store your coins there, then definitely you are inviting lots of trouble to yourselves. The exchanges don’t give complete access to your coins. Whenever they want, they can block your coins without any prior information. So yes, only use the exchanges when you are making an instant trade or withdrawal. Moreover, now a days it doesn’t care how reputable an exchange is; I hope you guys didn’t forget about the FTX incident. Instead, hold your coins in cold storage or an offline wallet.

Securing your money first before planning to invest more That is really the best way to start having a bitcoin because, as you know, there are a lot of issues right now with getting hacked, so best way to store it safely. When talking about physical friends, I'm not really into bitcoin, but for online friends, I have a lot of them who deal in bitcoin, and the truth is that they are the ones who taught me this. We live in a province, so I am not shocked that people are not into crypto.

I am just like you, I had to learn everything on my own as there was no one close to me that was interested on bitcoin at the time and I had to make a lot of mistakes to learn everything that I know now.

The difference is that I then tried to help others to adopt bitcoin and no one was interested, so I gave up long time ago, sometimes I get a question about bitcoin, but as you may guess they are only interested in the price and not on what makes bitcoin great, so I prefer to not reveal too much as I have the feeling that if they invest in bitcoin and they lose their money they will blame for their loss.

It will always be a bad habit to keep assets in an exchange even though it may seem practical to be able to do whatever you want immediately.

Choosing to store Bitcoin on hardware is definitely the right choice because hardware wallets are specialized for storing Bitcoin assets.
Your uncle is aware and understands how to secure Bitcoin assets.
Secure the seed phrase and private key and the asset will be safe. Another sentence is not your key not your coin.

Yea, I think I am like your uncle....

I am giving "Bitcoin" presents to my friends and relatives that are interested in Bitcoin.... and I am the crazy Bitcoin uncle that only wants to talk about Crypt currencies.

My obsession in the early days.. brought a lot of friends and family into Crypto currencies and some of them are even doing much better than I am at the moment. Some of them lost money, because they sold too early or they needed the money.  :P

Not everyone is as lucky with uncles as you are, OP. Many of us make our way through trial and error. In my environment, people know that there is Bitcoin, but no one is passionate about it. Even talking about the forum, you can get a lot of information here very well; my friends are not tempted to check it out. Maybe it's laziness or other employment. I do not want to impose anything on anyone, and I understand that everyone's interests may be different. Therefore, in my own way, I am alone in the circle of my friends if we talk about communication, but I think that soon many people will be interested in bitcoin; it’s just that each person has his own time and his own way to it.

Nice story Op, but for me, only my older siblings know that I'm into Bitcoin and they also deal with bitcoin but none of them are into trading. They just buy and hold till the price is right for them to trade.
But as for my other relatives like my uncles, aunts etcetera, none of them know about my dealing with Bitcoin and I'm not sure if I'm ever going to tell them because I believe that they don't have anything to offer rather than criticize me wrong for dealing with a scam.


True, a hardware wallet is the best but you can still use an open-source cold wallet and get the same security that a hardware wallet provides, it all depends on how you handle your wallet. If you're still careless with your hardware wallet it can still get compromised so the security of a wallet depends largely on the user.

It feels good and calming to see a newbie talking about not leaving their assets on crypto exchanges, it shows you are different and always learning, do not put a stop to this, because this is the most perfect way to know more about crypto and how to always keep your assets safe from scammers and hackers.

The only person that I had was my father, he is no more, he believes in Bitcoin and he strengthen my belief as well, it got to a point where I started losing patience, when I talk to him about how impatience I am becoming he would say that good things takes time, that there is no need for a rush.

I still have a mother, till this day she still can't figure out if Bitcoin is a good technology or a bubble that might burst somewhere in the future, she is 71years old this February 2023, she is old and I can't blame her for not understanding.

I completely agree with you and your uncle that safety is of utmost importance when it comes to investing in cryptocurrencies. Personally, it's great that you have moved your coins to a hardware wallet for added security.

And I think it's also important to spread the word about the importance of keeping your coins safe.

If your investment in Bitcoin, it's great that you are starting small and building your way up. Like you said, it's like a young tree that takes a few years to start fruiting.

I mean, Bitcoin is still a relatively new technology and we are still figuring out how it will be used in the future.

But, I think it's important to keep an open mind and keep learning about Bitcoin and cryptocurrency. It's a constantly evolving space and there are always new developments and opportunities to explore.

I Have One Best Friends He Looks Likes My Big Brothers Also And He Working With Bitcoin And Crypto Currency Sectors From 2014 I Seen More & More Time My Friends Is Very Expart Now In Crypto He Know More Information Better Than Me.Like Crypto Currency Trading, Earning,Mining And Many More Etc.

Interesting story but my story is the opposite of your story, I got acquainted with Bitcoin on my own by chance and learned everything about it while none of my friends or family knew anything about Bitcoin.

I learned everything on my own and later I brought the knowledge to my friends and family, at first they did not understand anything about Bitcoin and many of them did not believe that money can be made through this unknown thing.

Now the knowledge about Bitcoin has started to increase around the world and everyone is interested in knowing everything about Bitcoin. I think we may reach adoption in a few years.

Do you stop trading after knowing it's not good to leave your funds in exchange and then you moved your to ledger wallet. How do you go with the trading you learned from your friend and uncle you stopped everything after you noticed isn't pretty cool leaving your funds in an exchange or were you also moving your funds between like whenever you want to trade you send back to exchange and after you finished trading you take out from the exchange to your wallet. How do you manage to figure it out or after discovering this forum you quit trading entirely?

Almost all my friends are into crypto now, and I am the one teaching most of them. I did learn everything by myself, the only thing I can say is that I became more exposed to cryptocurrency after attending a seminar in school. I learned how to trade on YouTube and my first registered exchange was Binance, also, my first bought token was on a DEX. Security is very important in crypto investment; otherwise, you will be investing just what some random scammers will steal and all your efforts will turn a wast.

He meant that he ain't holding any money on exchanges like we used to, where if he earns a decent profit from trading on an exchange, he usually sends it directly to his ledger, but still he needs to leave some funds to continue trading. He didn't say that he quit; he is just safeguarding his bitcoin as part of his security. It doesn't mean that every time he wins a trade, he then transfers it; it just means that if he accumulates profit by the end of the day, he will then transfer it.

The Thread you found about bitcoin is right. The fact is everything about bitcoin works out. Its just like a magic. Although, there are always different kinds on obstacles on the way. But it will later work out.

Okay.. this is very cleared to me now, you know most at times people don't always make their statement understandable to their reader. I am happy for him joining this forum being it lessen stress and make newbie or beginners understand things more better than the way we could explained to them.

If you are young and passionate about Bitcoin and making money.  Do not trade because it is not as simple as it seems.  You can be a good trader if you know what you are doing.  But if you are not.  Then you will probably fail and you do not want to go broke out of silliness.  It is very easy to be tempted and all.

Before trading, I advise you at least research as much as you can about it.  Take some courses.  Try with some demo accounts.  See if you choose to act and move funds at the right time.  Unless you are convinced you can do this, do not trade.

-
Regards
PrivacyG

It's really the best advice to keep that we have to secure our funds or crypto assets through keeping it with a hardware wallet. The security of it is way better than those wallets that we've been introduced like the web wallets which is common for beginners.
I've got a couple of friends that have been into bitcoin investing and all of them started to expand their investments and portfolio through buying different altcoins. I've already told them my thoughts about it and there's nothing wrong with it as long as they will not forget that they all started out with bitcoin and all the crypto in the market are moving because of it, so, they shouldn't just leave it. And as they invest, they have to make sure that it won't be painful to them with the money they allocate into their altcoin investment expansions.

Something similar happened to me, I had to learn everything myself, and still only a few of my family know that I invest in bitcoin. Each has its own history and all of them are interesting in their own way.

OP, you are lucky to have someone who pointed you in the right way from the very beginning, because the world of cryptocurrencies is very large and it is very easy to get confused in it for those who take their first steps in it.

Remember one more important lesson, money loves silence, try to let as few people from your environment as possible know about your investments, this will not be superfluous for your own safety.

Based on my own experience with cryptocurrency, I never got any friend that was involved with it. What happened is that many of my Facebook friends were into and that is when I took notice. Unfortunately, my first crypto was a big scam called as TBC or The Billion Coin which we learned later got no blockchain platform of its own. Oh well, then I got into Ponzi-type of programs where I earned some and lost some. Of course, I now learned the big lessons of never trusting anybody online specially if a program is seducing me with greed.

As most of the people got their stories, mine is somewhat similar. None of my relatives deal in bitcoin but everyone knows about it for sure. They are all just too afraid of the volatility (just like all average mentality ppl in the world).
Actually, we all should fee lucky that we found interest in bitcoin in the first place. Not much ppl can begin to start loving it, lol

BTC is a currency, and i don't know the 'obstacles' you are talking about, but you can spend it at anytime, you just need someone who wants to buy, or a merchant that wants to accept it as payment for what you bought. The talk of BTC works like magic feels like a statement that one can get rich quick if they buy BTC, i'm sorry but that is not correct, while the BTC network works anytime for spending, if you are speculating with its price you have to wait for the long period, it does't rise like magic.

I regret not knowing about bitcoin before I did in 2017, because I have a few friends who have known bitcoin for a long time and they often talk about it when we get together. And my mistake at that time was because I didn't care nor was I curious about what they were talking about, which in the end I questioned what they were talking about and that's where I started.
and i consider them very special friends because if it wasn't for them i would not have known bitcoin until now and it also made my life change drastically especially in financial matters, and the matter of keeping bitcoins very secure is a must. And even though we don't get together very often, we do keep in touch or communicate well and still frequently discuss issues related to bitcoin and others.

That's not the only risk you will face if you continue to use CEXs. If the exchange is hacked it is possible that hackers will use your identity against you. That's what happens to C.T, it's a real story and you can see more details here: What happens when your identity is stolen -- real story || Avoid CEXs! (https://bitcointalk.org/index.php?topic=5444158.msg61884557#msg61884557)

That's why if you're only going to hold assets, it's better to put them in a hardware wallet or a software wallet where only you knows the private key.

If the problem of Bitcoin many of my relatives already know about Bitcoin but they do not know how to use Bitcoin and only know its value is very fantastic, but I want to explore Bitcoin since I first heard about the crypto world and I am interested and until now have invested in Bitcoin and other altcoins that do have potential, And there are some of my relatives who are currently following in my footsteps and whatever I know about Bitcoin I will tell them, and right now they are starting to be interested in investing in Bitcoin.

Yes, the loss of personal data can be a big problem and bring a lot of trouble. So far, there is a CEX without mandatory verification, you can still use them. But such exchanges are also not suitable for storing our coins there, no one exchange should inspire confidence in you.

Always nice to see your friends and your family working together with you to give you important information regarding Bitcoin and Altcoins, also stumbled into this forum. Welcome!
Having those people in your crypto journey is really great especially if you want to talk and discuss about what to do and what to trade later with them, always great to have some discussions especially with your close relatives.

It's also right that it's not really a good idea to store your money into exchanges, since you are just let them hold your money in their hand. If the website get hacked or down, then your funds are in trouble.

I have a friend group that's basically formed because of bitcoin and cryptocurrency. I started with bitcoin in 2015, told about some of my friends about it as early as my first big paycheck. Since then the circle grew, became small after a couple of the people I know stopped trusting the process (I fucking sound like a motivational speaker on tiktok but here goes) and it ended up with what I have now. A solid friend group that went past bitcoin and crypto.

At first, I know the relationship was substantial, given the fact that we were connected by promise of profit and all that, but time fortified the friendship and became what it is today. I'm always going to be thankful for these guys.

My friends do deal with bitcoin, but none of my family members do. Even the few of my friends who deal in bitcoin have poor investment skills. Out of fud, they sell their bitcoin. I can count on one hand the number of times I've been able to explain bitcoin to my friends such that they could grasp it and participate in long-term investment plans, but rather they've always declined because they believe bitcoin to be a bubble that will soon burst. They don't need to wait around for too long.

Oh, how I understand you!in the company of friends they ask me more often only about the price of what I suggest they look on the Internet if they are interested.And they ask some stupid questions about how many bitcoins I have and stuff like that)I can only help those who are really interested in something and are trying to figure it out themselves and can answer a question that they really do not understand.

Its to share what you have know about bitcoin to your reletaves and im glad they dont doubt what you are doing with your money. I guess you explained it very well to them. In my case I know bitcoin because of my classmate during my Senior High Schools days, he introduced it to us during our breaktime. After the class and we went home, I started searching and looking for information about it. Till I slowly understand what it is and how it works. Then I started introduced it to my bestfriend and now we are both in the crypto space hustling. when I introduced it to my relatives its hard for them to understand well bitcoin. They just know that its has a huge value as of now, they cant see the opposite site or the risk in it like the possibility that it will drop like other crypto.

how i look at CEXs, is that you trade on them and get out your funds as soon as you can. so the relationship is just very short. but sometimes there are other services such as staking or flexible savings like binance has. but as much as possible, if you want to avail other financial services, make sure it is very reputable as you can easily lose access of your own funds. if you are just doing the trading, better withdraw your money as soon as you finished the trade.

Well if they are only asking questions, you can provide them simple answers. If they are truly curious about cryptocurrencies and they show interest in general, then that is the time that you explain them in detail based on your knowledge on this topic.

Before, I used to preach at least to my friends the power of this forum. Each day, I tell them that there is the opportunity of knowing the future of transactions- cryptocurrencies has the potential of becoming one of the largest asset in the future.

Unfortunately, only a handful amount of my friends returned the same interests that I have. As far as I know, only one (1) of my friends created an account and taken advantage of this knowledge but I consider it as a win on my part.

now many of my family members are involved with bitcoin and cryptocurrencies. Even my younger siblings and older siblings have also been involved for a long time since last year. and now some of my neighbors are also heavily involved with bitcoin and crypto. The point is that my environment is now filled with people who are interested in bitcoin and many of them are already involved in trading or investing in bitcoin.

At first I didn't introduce him directly. I only answer when someone asks. maybe the turning point is that since long ago I made pumpkin soup (https://bitcointalk.org/index.php?topic=5418583.msg61197452#msg61197452) where in the soup there were lots of pumpkins which I carved into bitcoin symbols. at that time I shared some pictures on my social media and some friends and neighbors saw them.
since then each of them often asked me. but my brother and sister were involved earlier before then. but more of my friends and neighbors became interested from then on.

unconsciously now many are familiar with bitcoin in my environment. it grows by itself. a little spark turned out to be able to bring about a fairly rapid change.

I see bloggers who show that they earn good money with the help of stanking on the exchange, for this they have to keep a lot of money on the exchange, I think this is too stupid.

By the way, my friend, who taught me to trade, constantly keeps some funds on the exchanges, since he is an active trader. I sometimes tell him about risks, but he tells me that there are always risks, but since he is an active trader, he is forced to do just that.

I totally agree with the OP as you described your Bitcoin Journey and said that you are now using a hardware wallet. I have also concern about my privacy that's why I always use 2FA authentication in my wallet. If a new user want to buy Hardware wallets then I will say invest in Bitcoin and use online wallets if you have a little amount of Bitcoin. If you have a good amount of Bitcoin then it's worthy to buy Hardware Wallets.

That's good mate, it's been always a good thing to plant the seeds on their brain that there are cryptocurrencies exists especially bitcoin who is leading the market now and it will make a big impact to the economy soon enough. I just want to add though, do not forget that there is a limit on what we can feed to them because naturally, they should be able to understand what they are doing and that is to have their own research. We cannot be telling them everything they want to know because up until now, we're still at the learning phase and that will never stop, so it's up to them if they will chase what they lack or maintain from being fed by your knowledge.

There is nothing wrong in trading so he shouldn't stop as long as he is doing great with his trades but he might only need to withdraw most of his assets to a wallet that he totally controls, just in case there is an unexpected problem that will occur on that exchange.

I wouldn't advice to pull out all of our money and then deposit them again by the time we do a trading especially if we are an active trader because that seems hassle and will cost us more money for the transaction fees. We can learn or get information from other people but it shouldn't stop there. We can continue exploring and learning on our own, to help improve our trading performances.

It's good to know you came across this forum while making research to know more about Bitcoin, and now that you have got to know about this forum, I will love to ask that whats your next plan to making sure you get your friend and uncle register and start learning and interacting here which is the largest crypto/Bitcoin community on the face of the planet? Because one benefit about this forum is that we have got people 24hrs of the day always willing and ready to offer solution and advise to whatever crypto challenges you may be facing in your crypto career


However, I will love to say thou ledger is the most secure place to store your Bitcoin, but that should be for funds you don't intend to use for a long term or large funds, while small funds such as below $100 can be stored in non-custodial wallet such as "electron"

I only knew about bitcoin but I don't understand how it works,I did every research and learnt on my own but I couldn't purchase bitcoin because I don't understand it yet. A friend introduced me to this forum, and this is where I got most of the knowledge I have on bitcoin. It is in the forum I knew a good wallet to safe your coins which is an open source wallet. Presently, I teach people around me that are interested to learn and adopt bitcoin. I have taught a lot of my friends but only my younger brother was very much interested in it. He now has a portion of bitcoin in his portfolio.

It is true that people who are not even in the crypto market end up being interested in the price or at least follow up what's going on and that matters. Because even if they do not own any, they at least know the price and if it is going up or down.

Like my father has never owned a single cent of bitcoin ever in his life, but he follows it and knows what the price is all about. That allows us to actually talk about it, and he can talk about it with others. This spreads the knowledge of bitcoin and even the interest for it as well, people who never owned any could speak about it and could put some seeds in the minds of others who never owned any as well.

I was introduced by one of my online friends who first knew bitcoin and other crypto, but there was one thing he left crypto with a bad experience his wallet was hacked by a phishing web, I didn't learn much at that time but I found this forum I learned again until now this I continue to learn. and the more yesterday it has opened my eyes that storing assets in an online wallet is not safe, let alone linking it anywhere on the web
right uncle said you have at least 1 hard wallet to store our digital assets

In my family, I was the first to know and know about Bitcoin. Then after a few months, when I told him about this, my younger siblings and cousins got interested and finally decided to get involved in the crypto world. However, in 2018, they stopped due to the severity of the market. So they don't want to continue until now. Too risky he said. moreover, when we have a desire but do not accompany it with an adequate learning process, then this will also not work, no matter how big the desire is. Investing in Bitcoin is not as easy as I think. I thought at first that I could be as easy as someone who I knew at first from Bitcoin, as successful as them \. But in fact, there is no easy ways here. All requires risks and I must take the risks to be involved.

It gonna be sure that it works if you are also consistent with your plan/goal and make decisions correctly. I didn't say it was easy but if you really have the motivation to do it and take your friend's advice, everything went so well. Keeping our coins safe should also be one of our priorities and make sure that it was out of the site of other people as this could lead to their interest. We have to keep silent as possible and never mention to any person that we are holding or investing huge amounts of crypto assets for security reasons.

Back in 2015, some friends I knew got into bitcoin without my advice and they got washed out by HYIPs and MLM scams. They moved away from bitcoin and only during the recent pumps in price did they come back to check on it.

I try to make people aware about Bitcoin and how it works, how it is easy to send to someone without restrictions. But there is a lot of first hand resistance because it is covered with a lot of negative news and these will take time to clear.

Becoming a topic of discussion at the dinner table is an achievement for crypto.  ::)

I like to talk about Bitcoin with most people including my family and friends. I think it's cool that we are adopting a new way to move and use money. However, only a few of my friends are into it since most think it's too risky.
I think this is due to alot of fud and scammers they hear about. They are the ones that create a bad reputation for Bitcoin. Because they take advantage of honest and hard-working people who are really looking to get into it but end up not wanting to.
Can see why people would still be skeptical. But the good thing is that I did my research and made sure I knew what I was doing when I became involved. I showed my uncle who is more old fashioned and likes to deal with stocks. And I was able to educate him and got him to invest a little in Bitcoin.

If you are a day trader then you can say you have no choice but CEX and your friend is right, everything is at risk. When we entered this market, we took the risk that even if you are holding bitcoins in your hardware wallet there is still a risk. Nothing is absolutely safe, what we can do is find the best solution to keep the risk to a minimum.

I am not advocating CEX but like it or not it has always been part of the market and will always be necessary to some extent. Hating them doesn't help us, use them for the right purposes instead.

The main points from this story that we can take away are the importance of not holding coins on exchanges, the value of holding coins properly and safely, and the idea that Bitcoin should be considered a major investment. In addition, this is in terms of participation where there is a positive influence that a mentor or family member can have on one's financial education and investment strategy later.

Maybe I'm like you in this, I hardly have any friends around my neighbourhood who know about bitcoin but for online friends, I also have many friends from other countries and we have been in touch for many years.
Recently, I was teaching my brother about bitcoin, he rejected bitcoin 5 years ago when I invested in bitcoin but was not successful yet. Now that I have had some small successes and he is just starting to believe what I say, he started a little late for me but there are still a lot of opportunities for him.

A lot of people doesn't know that the risk can be lessen if they start acquiring enough knowledge and basic foundation regarding bitcoin and the blockchain technology. There is a misconception when it comes to bitcoin especially when I'm introducing it to my friends and family, at first they will say that it is risky or it is a scam. But why is that? For me there are a lot of factors why their 1st impression is like that, one of the factors is because a lot of scammers using bitcoin to get money from the other people and that kind of scenarios are usually in the news so the 1st information that will perceive by the people 1st time hearing the bitcoin is negative.

But this kind of negative information that they perceived can be change through formal education, the formal education that I'm talking about is not the education that you need to go to school or university. I'm talking about education that you will learn the truth about what is bitcoin and how it works. The negative perception will immediately go away if they start taking formal education relating to bitcoin and cryptocurrency. For me it is one of the way for other people to start introducing bitcoin to other people like their friends or their relatives.

I don't know which of my friends are still dealing with bitcoin because it seems that many of them have left bitcoin since bitcoin managed to touch ATH at $20k. And even though we still talk a lot or chat in groups, I doubt he is still serious about dealing with crypto.

If people have lost something, they won't come back; even if some do, they are only half-hearted about dealing in crypto. But you are lucky that you already know bitcoin from your friends and have an uncle who also knows bitcoin well. You can learn from your uncle so you can get more knowledge.

It often happens when people lose money and no matter how well they learned what they invested money in, the first thing they will think about after losing money is that it is a scam. But in the case of bitcoin, many people begin to think and return, because they see that for many years it has not gone anywhere, the bubble has not burst, bitcoin is still on the market, large funds and states are investing in it, and it is constantly growing in price.

Relatives? Hmm I don't think that there is anybody here in my place who's involved in Bitcoin or cryptocurrency in general, but maybe some of my relatives that lives in other places are involved especially those who are at least know how to use computer, and a bit of Google.

Friends? I know some, but they aren't investing at all which is kind of unfortunate, and make me sadden at the same time. I mean the ones that I know are at the 20's already, and whenever I ask them if they invested into Bitcoin already, they always say "We will do it next month, or maybe next year." I mean you can start even with a few amounts of money only right?

I just hope that one day, there will be a time where me and my other relatives and friends will be sharing our thoughts with regards to cryptocurrency. I would love doing that. I would love sharing my knowledge with them, and learning from them as well.

Unfortunately, my family members do not have an understanding of cryptocurrency, and as a result, they do not use it. However, they are aware that I am involved with something known as cryptocurrency. On the other hand, several of my friends use cryptocurrency, and we frequently engage in discussions about Bitcoin and other cryptocurrencies. While there are a few people I know who are involved in Bitcoin and crypto businesses, such as reselling, I am grateful to have friends with whom I can openly discuss cryptocurrency, even though it is not supported in my country.

Cryptocurrency is all the wave here in Africa, at first I knew some folk close to me who were dealing with cryptocurrency and bitcoin to be specific but never really got interested as the rate at which people were complaining about how ponzi scheme have ruined their life but it was not until I was properly lectures by a close friend on what cryptocurrency really is, before I now truly understood the whole concept behind this wonderful technology and since then I would say I have been a preacher of the gospel on the financial freedom attained through crypto and how one can save by investing and holdling your coins and it would not actually have to through the havoc that goes with the fiat currency savings which is this bastard "inflation". I would say am not the only one who is fully aware about bitcoin among my friends but I can boldy say am the only one who is actually holding a bitcoin investment.

That changes after they start to make some money, and they start to realize that when they lose money they shouldn't focus on what it is but more about why they lost. If you focus on why they lost money then they can start to make more money.

I used to lose a lot of money but more like lose a TON of profit, I used to sell too early all the time, and that caused me to not make enough return at all. In light of that, I decided to learn that I shouldn't really be selling early and hold until it start to go down. This allowed me to make a lot more profit and that caused me to make a good return eventually when the time comes and that's the great part of it. You learn and you get better.

For some relatives then yes there are ones who do know about cryptocurrency which is great but they do mostly tend to reach me out on how to deal up with things considering that they are seeing me

which does have a better life status considering on the assets and things that i do have.This is why they are really that eager on tending to copy out on what im doing but i did make out some simple

explanation about the idea about on risking on other altcoins as well aside from Bitcoin but of course when it comes to risks then it would be an another add up
which you would really be needing that if you do tend up to touch this area.

I think it's very important when we have someone to talk about it outside of the forum, in real life. There is a lot of useful information and good advice here, but having the opportunity to discuss the right issue in real time is a little different and sometimes even more important.

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.

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.

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.

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.

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.

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.

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.

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.

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?

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 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 (https://bitcointalk.org/index.php?topic=5446514.0) about what I said.

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 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.

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 .

One of my early threads which I made mentioned how I came to know about bitcoin. https://bitcointalk.org/index.php?topic=5399845.msg60204521#msg60204521, 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.

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.

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.

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.

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.

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.

My story is same as your story. I came to know about Bitcoin from my friend. My friend knew very well about Bitcoin and always encouraged me to invest in Bitcoin.He guided me fully on how to trade and registered on the exchange himself. Introduced all aspects of trading and taught me how to buy and sell everything through p2p.I have achieved a lot of success with Bitcoin today because of that guy.  Back then very few people knew about Bitcoin, but now a days everyone knows about Bitcoin.Now I am also encouraging many people to invest in Bitcoin, so that they are not unemployed.

Im also thankful on someone who had introduced me about this forum and this time i do able to learn about Bitcoins existence which it did really give out that vast idea about on how it works, not only limited on Bitcoin itself but also into other altcoins as well which it did really end up on affecting my life when it comes to earning opportunities which it did really bring up convenience at the same time i do able to buy up things
that i do want but of course im not really that earning that much but im really thriving to have that kind of consideration when it comes to enhancing even more.
Sharing up the opportunity about Bitcoin and entire crypto wont really be that a bad idea.

I thought about the same thing, I wanted to explain to my father that buying bitcoin could bring him profit, but I did not dare to this conversation. My biggest fear is that when he buys bitcoin on my advice, the price will start to fall and I will feel guilty, even if my father doesn’t tell me about it, I’m sure he will think that I dragged him into something risky. I'd rather buy alone and when my investment brings me a good return, I can take care of my parents if necessary.

At first, Bitcoin never meant anything special to me because I have a negative thoughts about it and always think it's a scam.
However, after learning about it and discuss it with others, I decide to learn more about bitcoin and began some research. After I had my satisfaction, I decided to buy a small amount of bitcoin, and in the end, I realized that bitcoin was something special, and if you know how to do it, you can make a lot of money.
My friends are aware of bitcoin, and none of them have purchased. I want to persuade them to do so because, as a young person, purchasing bitcoin is important in one's life because you need alternative in life, you don't have to depend on one source of investment.

I discovered bitcoin through another online forum, we were simply talking about possible investments and one guy brought up bitcoin, and the more he talked about it, the more I found it fascinating. I remember I told some of my friends about it but no one was actually interested, years later a few of them told me they deeply regretted not buying when we talked about bitcoin. For many people cryptos are a very complicated thing and they don't even try to learn and understand a bit more, they just give up since the very beginning.

There are few of my friends who hold cryptocurrencies but on an exchange. They don't hold much which is the reason why they hold it on an exchange and not in a hardware wallet.
It's good that you are holding your coins in a hardware wallet and yes that's the safest place to hold the coins in.
Keep learning more on this forum as it has a vast amount of knowledge and keep posting. This is surely a motivational post for others.

Only my father deals with bitcoin through me, but every other family members and relatives don't get involved with BTC and have always declined the invitation to do so because they are fearful of losing money, what would consequently create issues and debates with another family members who would blame them for such potential losses. I just respect their decision and say nothing else about it.

One or another friend knows about bitcoin and invest small sums of money on it, but they still hold their coins mainly on exchanges. I believe they aren't so interested in bitcoin at the point of acquiring a hardware wallet to store their satoshis safely. Where I live we still have a hard time opening the minds of the people for something new, especially regards finances.

I came to know about Bitcoin through online and since then my interest in Bitcoin was born. And I then started reading various articles about Bitcoin and looking for videos in my local language on YouTube to know better about Bitcoin.  Although at that time there were no videos about Bitcoin on YouTube in my local language.  So in that case I had a lot of trouble to learn about Bitcoin at that time. But I am proud of myself now that I have achieved it through my own efforts

It was a big plus point for you that you understood Bitcoin nicely from your friend. So in this case it takes you very little time to understand about Bitcoin.  And understood about it very easily.

Holding Bitcoin and other cryptocurrency coins on CEX is very high risk.  So of course if planning to hold for long time, Bitcoin should be held in a non-custodial wallet or purchasing a hardware wallet if needed. These will keep an investor's bitcoins safe. coz always remember that, not your key not your bitcoin.

At the beginning of 2014 I learned from college friends, at that time there was no job and I was confused about what to do so
came out with the idea of creating a creative community there, there were bloggers and others. and the year is also the end of the year introducedbitcoin, there were weeks when I learned from the basics until the end of 2015 there were results and the peak in 2017 was getting the results are quite increasing, that's where the capital buys work tools such as laptops and cellphones so that the results from bitcoin too opened a coffee shop business until now running. Even though there are coffee shop activities, I don't forget that the capital from bitcoin remains carry out the usual routine.

I learnt about Bitcoin years back through my sibling but before then I had a bit knowledge about digital currency because there was actually a particular digital stuff I was doing then which I was used to generate funds for myself but the unfortunate happened, I was hacked and virtually my wallet was emptied and I lost interest in anything digital currency stuff and it was that period bitcoin came to full existence. I lost out because of my experience then  but year's later my sibling told me about bitcoin but I was adamant about it. After we had discussed about it, I told him my experience which he was aware about the happenings then.

Nevertheless, after much rigorous research on bitcoin I finally came to resolve of taping into the new technology and gradually I became conversant with the system and how it works. Talking about this platform, my sibling also introduced me here and made sure o got to know the policy well and how to go about my activities onboard. It was a good experience though and it has helped me scale through hurdles because sometimes when it seems as if I had nothing to turn to for rescue my bitcoin is always there to deliver for backup although I have other investments but bitcoin has always been my ft response to sorting things out.

All thanks to my sibling who revived and encourage me and brought me back onboard.

I was actually introduce to bitcoin by a friend who actually explained the whole thing as a get rich scheme to me and this made me really curious and I wanted to know more about it but luckily for I asked him to show me where I can actually gather full  knowledge the bitcoin trend that was everywhere in my locality and he guided me here and since that time I have come to the knowing that you can get rich with bitcoin but it's a slow and steady race and since I had also told one or two about the wonderful opportunity that's comes with bitcoin but I also tell them the downside effect too, about it volatility and so far I have at least two friends that know and operate bitcoin with me fluently.

When I approach my friend who explained what Bitcoin was all about and gave me advice on when to buy and sell the bitcoin I currently possess, I am always calm and grateful. Bitcoin changed lives. You should be grateful to your friend for introducing you to the world of cryptocurrencies because you're currently on the correct track to success. Rarely will a friend actually teach you how to use cryptocurrency to make money online; instead, they'll usually just give you general advice. It's your responsibility to pay attention to the update at the end. You'll become a serious person who consistently achieves top priority in the area.

Yes definitely don't leave any coins laying around on the exchange, the security risk is way too high. When we recommend it teach somebody about bitcoin and other crypto coins it's important that we make them aware of the security risks. There have been big scandals in the past and it's up to all of us to not repeat the same mistakes again. In my family only one person is holding also crypto currencies, my cousin. Last year for his birthday I made a small crypto portfolio for him to store his coins. He hasn't really bought any by himself, but I am going gift him some again this year for his birthday. Among my friends it's a bit different, I would say that 60-70% own a few bitcoins but aren't really using them for purchases. Because I kept talking so much about cryptos they all wanted to get invested as long term investment that might pay off in a few years. Only one of my friends trades still in CSGO skins and uses bitcoin for that.

You're right Buddy but not everyone can afford a hardware wallet as you know it's expensive.
But there are other ver sade and secure way to store one's coin and assets which includes the use of decentralized exchanges/wallets and also not sharing your seed phrase
And also using two factor authentication (2FA) for both logins, deposit and also withdrawal to avoid  unauthorized access to your coins.

I love the fact that you already have the mentality of hodling for long because that is one way you can easily stay very productive in the industry without much risk and you should develop more time to studying about crypto and Bitcoin in particular so as to stay updated on the market. I also want to say a big congratulations to you as you can be addressed as a Bitcoin investor and please always keep your ledger very safe and away from water.

I also finally managed to see my cousin yesterday, now I have to work a lot in the evening and at night, so I am almost constantly busy, and it’s very tight with free time, but yesterday we saw each other and I shared with him that I was buying bitcoin. He said that he had already heard about bitcoin more than once before, but did not attach any importance to it, however, like I once did. It seems that he was interested, I promised to help him if he wants to buy.

I came to know about bitcoin from one of my friends but he only told me about bitcoin that he started investing in bitcoin and how bitcoin works.  Then I started dabbling in Bitcoin and learned a lot online. And I on the other hand came to know about this forum from one of my online friends.  And this forum helped me a lot more to gain proper knowledge about Bitcoin. But the funny thing is that now I know more than those who first told me about it and they now come to me for various help and I am very happy to help them.  Although able to gain more knowledge from them, I still respect them as my  first teacher

It is admirable that you are still teaching your cousin about Bitcoin in your busy schedule.  But you should first tell him about the risk of investing in Bitcoin so that he can't blame you if he gets hurt somehow.

Some opportunities come in every person's life, someone can use it and some fail. Your university friend made a big change in your life by letting you know about Bitcoin. Maybe many others like you have been aware of Bitcoin but haven't taken advantage of the opportunity.

Not only did your friend play a key role in your conversion, but you yourself were positive, which is why you easily adopted Bitcoin with you. I was also influenced by a friend of mine. I will be forever grateful to him. But the sad thing is that the person through whom I entered this Bitcoin world and change my life But the person who was not able to bring about any change in his life. That is why I think both providers and receivers should be positive for change his own life.

How do you wish to help?

You could be living in a country which does not allow easy transactions to happen in which case you are in a tough spot. If your family member does not show interest from their side your efforts will be least effective in helping them. If they see the importance of bitcoin and then they start approaching trusted people about how to use it how to buy it, then it will help.

I would personally keep bitcoin away from the matters at home unless they show interest themselves. One family member losing money means everyone will be blamed for it and then the situation will turn sour.

Exactly. I think That's a good point, Just like a sapling needs sunlight and water to grow and investing in Bitcoin requires knowledge and patience. Yes, investing in Bitcoin does have risks, just like any other investment. However, with careful analysis and a long-term mindset, you can potentially see future success. one more thing because many people recommend to diversify your portfolio meaning not All in All in one basket because investing in Bitcoin is like running a marathon, not a sprint.. ;D ;D ;D

Okay, I actually share this before, in another thread but I'm gonna share it again now. Cheesy I become interested in cryptocurrency because I like how to earn money online and when did happen, it because my friend the year was 2014 then I found my friend do online gambling but he have some sort of cheat sheet so he can win a lot from it and I ask her how to withdraw the money and he said using Bitcoin, and that time I first the word "Bitcoin" and I ask again how much you deposited and he said a couple of bucks and this is not my money I got this from the faucet and then I do gambling.

and from there he gave me a site that gives very basic Information about bitcoin and faucets, with how to do gambling too hahaha.  Grin My curiosity drove me crazy that tell me I should do a faucet every day. Got Hacked and got scammed several times but this is me now.

although i tried to share with my friend but some of it will skeptic about cryptocurrency and the other really dont care