Bitcoin Forum

I guess that many of you have already tried to orange pill family or friends. Personally, I've totally given up on the idea.

Some people have asked me to invest a few hundred euros for them, in which case I would have to be their banker... They don't even want to know how to install a wallet or even buy a hardware wallet. In short, I refuse to be a banker.

And you, have you also given up? Or are you persevering with unstoppable tricks?

People don't want to take risk by their selves, rather looking for whom to take risk and they hold such person for their lost. personally i myself have refused to take such risk for anyone because I know how painful its when your investments is gone or drop by some percentage you may not be able to hold it, few weeks ago i was asked to help purchase some bitcoin and the person in question doesn't have any basic understanding about bitcoin volatility all he wanted was for me to buy it and he would hold on exchange, i told him to go read about the risk of what he wanted to embarked on before i could endangered myself buying btc.

This happens with almost every user. We can't mistake them, because they doesn't even sign-up or does any filling of application. We need to do it for them. In such occasion they won't involve. Not the family, even the friends circle does it. Myself got into such business with a friend and my relation with him got affected. From then I strongly suggest I can't do it for anyone, I can suggest and send you guidelines, it needs to be your responsibility to buy/sell or whatever.

My best trick to orange pill anyone most especially family and friends is by sharing my experiences in the bitcoin ecosystem with them. I found out that people love personal anecdotes and I have a lot of it because it always drives my point home. How do I do this?

I take the time to explain to them my mistakes. How initially, FOMO and FUDs almost drove my sell my bitcoins. I tell them about the time I almost got scammed and the clipboard malware that almost wiped my wallet. I give them personal use cases of bitcoin. How I paid for my laptop in bitcoin. The speed, thee convivence the transactions with bitcoin are.

I also share with them the time I took profits to solve a need, get something nice for myself and what I plan to do in the future the next time I take profit. I take the time to explain to them my mistakes. How initially, FOMO and FUDs almost drove my sell my bitcoins. I tell them about the time I almost got scammed and the clipboard malware that almost wiped my wallet.

I share with them my bitcoin investment strategy with is stress free - hodl and Dollar Cost Averaging. I tell them that they mustn't pour in their whole money into bitcoin at once. They can invest a set amount weekly, bimonthly etc. I tell them also the benefits inherent in these strategies.
 

You just have to tell them that I bought BTC at XYZ price and sold at ABC price and if it's more than x2, they will simply go after you for the upcoming weeks until you teach them everything you know about how you make money on the internet with a thing called Bitcoin, that's basically how it went in my family and friends.

People want to replicate your success without replicating the hard work and time you invested to learn something new. Over the years, I learned a lot, and giving all the knowledge in a 2-3 hours meeting is not even possible.

Also, there are various posts like the Bitcoin Pizza every once in a while which says that this person bought a pizza for 10 bitcoin which is now worth millions, and people really love these types of things. They want to gamble out their money in shitcoins like Dogecoin which was initially created as a meme. In 2021, it was an actual investment for many around the globe and you can still see people like Elon Musk with such a large influence pumping and dumping that shitcoin.  ;D

It's a waiting game for me, if someone approaches me first and wanted to learn about Bitcoin, then I will tell them everything I've know and learn, not just the pros of having owning BTC, but also the bad side of it.

But if people are going to go walk to me and try to orange pill me, nah, dude we can go one and one and argue but they can't change my mind on BTC. So let it be, it's not our fault if they have the wrong understanding of bitcoin and their minds are already close about investing on it.

I don't even try because 99% of the people I know in general doesn't know crap about investing. Me pushing bitcoin to them is just going to likely cause problems for me(and them) that it really isn't worth it.

If they ask me about Bitcoin, I answer their questions — but there's no way I'd tell them to be buying it. It's up to them to make that decision.

It isn't worth any effort to convince your family members, relatives, friends, colleagues to invest in Bitcoin. Usually they are not aware of risk and they only feel interested in profit potentially. They are not aware of or just ignore risk which always coexist with potential chance and profit.

If they are people like this, they will blame everything on you because you introduce or invite them to invest in Bitcoin.

Me too. I only would like to answer their questions if they come to knock my doors and ask me. However, I never tell anyone anything like "Invest in Bitcoin, Ethereum, any coin and you will surely get great profit". Never tell anyone such "too good to be true" advice.

I do not make such mistakes when it comes to investment. I try my possible best to  avoid such situation. Yes it is money and would be very attractive and  offer juicy but i am always careful when it gets to that point because no one wants to invest by him or herself  and they would want who they the would put into a tight situation to invest for them. They are always here again to show up what they got forgetting how the market is. So many  have put into wandering to set their ways to the right. I was thinking that would be nice if you do such. ?????

Sometimes very relative success, well, it all depends on what we are talking about. But indeed, whether it is intellectual laziness or lack of time, it is true that people would like to be served everything on a platter, things that have taken years to understand. That's why the road to widespread use of Bitcoin is still long. This is also why scams are common: people are willing to entrust their funds to unknown people who assure them that they will manage them for them.


What bad side ?


Bitcoin is not just a speculative currency. It's much more than that, of course, but many people don't bother to look or even listen to the incredible possibilities Bitcoin offers.

They ask you to become their banker? you need to play smart for creating a contract and ask them to accept it, if they don't want to accept it, don't be their banker. You can make a contract if you will get 10% profit commission if they want to sold their coins or anything that you will have an advantages.

It's not that easy for protect their holdings, you will take a risk to make sure you hold in a safest place, not lose the seeds phrase, etc.

If it's from my immediate family, it won't be a problem to me if someone from them asks me to do it for them since I know all of them and I know their traits towards me and their approach with money.

But if it's not from my immediate family, I'll have to decline but will still give them some advice and tips on what they must do.

And only from there, they can't extract more from me and no any favor aside from those tips.

The question is not so much whether to keep their funds or not. The question is how to really get them interested in bitcoin so that they learn to manage it themselves.

No I don't want to take a commission, I am not a banker. It's not my job. I'd rather they learn what bitcoin is for.

That is a good approach, one of the main things with Bitcoin is obviously self custody of that
wealth/Bitcoin and not to trust/involve any third party.

Its a tough one trying to teach people

I have had mixed results, I find the ones who already have an appetite to discover an alternative
to the FIAT system get interested in Bitcoin and those who  dont care or who dont see a problem
with it dont have a need to become involved with Bitcoin.

Eventhough the vast majority of people are only interested in what is in it for themselves I try to
educate potential Bitcoiners on the merits of Bitcoin other than the "Investing" topic, put X in and
get Y in return, there is way way more to Bitcoin than that.

I haven't given up because I'm not trying to make anyone buy Bitcoin. Why would I? It's a bad habit to say others what to do with their money.

This is not peculiar to just family and friends but generally people don’t like to take the risk. Taking the risk is what makes you a better learner and a better teacher as time passes. This does not stop me from acting as a banker to a friend or family member, but only on the condition that they bear any losses accrued during the investment. 

You don't need to think about the aftermath of an investment if you have an understanding person who thinks like you and has a prepared mindset to face the risks and consequence of an investment because they realize the risk involved and trusted you with their finances to assist them invest. If the investment goes well, they can notify a friend who may be interested in joining and spreading the news about bitcoin. You could also get a commission from the profit incurred overtime in the investment.

It's not about giving investment advice at all. It's about explaining bitcoin. Bitcoin does not have to be bought with fiat currency: you can earn bitcoins for goods, work or services, for example. You can also give bitcoins as a gift on a birthday or other occasion.
Again, the point of Bitcoin is not to speculate, the point of Bitcoin goes far beyond that.

On the other hand you who talk about bad habit, it is clear that of course if someone close to me seems to screw up on an investment, I will talk to him, at least to give my opinion (whether he follows it or not).

Bitcoin is something else.

Never really tried to introduce crypto to them, nor do I actually plan to. Though tbf, my family was actually the one that found out about it first and they had some semblance of interest early on, they asked me about it and I said all about what I knew, but it was short-lived rather unfortunately. It didn't help that it was around the big dip from the ATH to around $40k I think?

I might consider talking about it again if they ever ask, but I wouldn't really willingly tell them to go in again. Not that I ever planned to really, I reckon if they didn't ask me they wouldn't have even known I know about crypto.

Kind of loses the point if they invested through you instead of them owning the asset directly though.

Since you don't want to take any commission, if I were you, I will not talk about Bitcoin anymore to my family and friends because they're not interested in the first place. If someone only interested with the profit and not want to learn about the other thing, they view Bitcoin as a quick money making and the price will never decrease which is bad.

Bitcoin isn't the only one can be used as an investment, if they're prefer to invest in stock, gold or real estate, just respect their choices.

I'm really sorry if my subject doesn't seem clear: where did you read that I didn't respect people's investment choices or that I used to interfere in other people's business?

So the topic is: how to orange pill family or friends, do you have any tips or tricks (it can also be to convince a merchant to accept bitcoin).

Thank you

This is (so far) German only, but interestingly enough this new book is called "The orange pill".
You can read more info in the local board here: https://bitcointalk.org/index.php?topic=5445173.0

Short info on the author Ijoma Mangold: He can be counted towards the German intellectual elite and is a well known book critic an author. I've personally enjoyed listening to his insights and thoughts about various topics and book releases. Was very suprised to see him release something about Bitcoin.

So to any German-speaking people, might be a cool idea to gift this book. (haven't read it myself so far but am planning to do so)

Danke ! I'm going to go read this  :)

I too find experience the same problem as you OP - that people are not willing to learn and instead want to park their money with you, just like a banker. The best tips I can give you is to give bit sizes of information that are easy to digest, and to learn how to pass down knowledge about Bitcoin and why its valued is poised to increase before trying to shove down information about the technicals. The best thing to start with is the economics - the fixed supply, the limited distribution, the impossibility of supply cap increase, and making comparisons to fiat money (the money printer, the unlimited supply, inflation, no immutable ledger, etc). After enough time, you'll have a nice and clean set of information that will allow you to raise enough intrigue for people to ask how to buy and hold it themselves. Move onto talking about non-custodial wallets at this point, the importance of privacy and security of their wallet/machine, etc.

Op but from your topic and the content, I didn't see any tips and tricks which can be used to convince family members and friends or your hide them? If you are trying to convince anyone to Invest and they refuse to do let them be and if anyone come to you with sincere heart to Invest then you have to give the person the terms and conditions and if the person accept the risk involve and he or she is ready to bear the risk and consequences then you can teach the person and do everything for the person. Create wallet for the person and Invest small amount of money for the person and let him/she uses that amount to learn the system.

It is a smart move that you have decided to make deciding not to be the banker to your friends and family. If you had done so because they are close and you think they will understand if you loose their money, wait till you loose your money and see how quickly they forget that they were once in the position begging you to help them in investing.

No tricks just the tip that you should avoid agreeing to invest for family and friends.

This have happened to almost everyone, there is always some people who don't care about where their money is going, they only want the result, such people shouldn't invest in cryptocurrencies, they will hold you responsible if anything happens to the money.

You need to find a way to make them change their mind, tell them how risky crypto investment can be, tell them what happened to Luna and FTX, tell them about how one day they can open their wallets and found them to be empty.

This is what I do if anyone tries to use me as an investing tool, na bro it's never going to work, it's either you learn or you left, these are the only two options I have for such people.

My personal philosophy is to let people learn about Bitcoin by their own and only offer information/sources of good quality and most importantly, so let them know the most common kind of scams in the market, that is enough for a beginner. I think it is important to keep oneself outside the spotlight when comes to owning Bitcoin, specially if you live in a dangerous place like I do. We into Bitcoin not only for the possible profit in the Future but also because it is a very stealthy way to save money, you know.  :P

I have only talked about it with my parents and they are mostly interested in stable coins, since they are not willing to deal with the volatility of the market and our currency usually loses value against the USD faster that the "natural" inflation of the FIAT.
To each their own. 

I would say there are many ways to orange pill your family and friends, such as explaining the blockchain technology in a simple way, how cryptocurrencies work in the market, and other related concepts. You could make it engaging by using games, or recommending a movie that explains the technology, or by giving them colorful and engaging cool books to get them interested in the Bitcoin community.

I think the best way to get them interested is by sharing your personal experiences with Bitcoin, as it can help them decide whether to join or not. If you have a success story with Bitcoin, they will likely be more willing to participate. However, it's important to be careful and explain to them the security stuffs they need to take, such as protecting their private keys and seed phrases. It's essential to provide them with important information so that they feel secure and confident about what they're doing.

I have learned long ago not to force anyone into doing something if I do not want the person to be blamed in the future and this is why I never force anyone into Bitcoin but I always talk about the possibility of Bitcoin to the people that complain or seems to be looking for an alternative investment that will help during the economic meltdown.
Always give them a guide provide them with the needed article to understand BTC and never try to be their bank because being the banker of newbies is never a good idea no matter how close the person is to you even if it's a family member

I have a rule never to work with relatives and friends, as there is a negative experience. And having financial relationships is even worse, because you just have to work for them and answer hundreds of their questions, and there will be no benefit from this for me personally. The maximum that I I can do this to give advice on where to read about crypto and where to start.

Yes, this is sadly true. I know why it's that way. It's because everyone wants to lie down on their pillows with folded arms while waiting for their investments to yield dividends without flexing muscles again. They don't want to be bothered about checking up anything after they've made the initial investment. They want others to bear the burden for them.

I did same thing a few years ago. I bought Bitcoin for the person and then taught him how to hodl it in a wallet by himself. I was reporting the progress of the investment to him until a certain rise I asked him to sell off. However, the thing is that after that investment, he didn't reinvest and I wondered why it was so. I came to the conclusion that there are things you can't force anyone to learn if they aren't interested in them.

This is one thing we must avoid because you never can tell about their actions if they noticed their investment didn't yield to their expected end and resulted in side ways. Everyone should learn to accept responsibilities irrespective of the field they found their selves, learning and taking the full bunch of load would be more better to makes them prepared for the crypto and investment journey.

Anyone who is not willing to learn anything shouldn't meant to be given attention towards cryptocurrency investment, when we talks of cryptocurrency investment this includes investing in bitcoin and any other altcoin out there. Sometimes you may take such action for a close relatives whom you knows that truly they can entrust their funds into your hands than those who don't think how much risk is involved while investing their money. For some friends maybe colleague or such as school mates who are willing to learn and do their findings it's fine to invest maybe as time goes the will keep learning than those who purposefully wants to leave risk to you.

I tried it once and I won't repeat it, in the bull market a friend who knows a little bit about bitcoin and cryptocurrency gave me to invest money for him, actually I bought him some altcoin and we made good profits and he was happy.

After a while, when the bearish market started, he gave me another amount of money and asked to invest, but this time the losses started due to the market falling. He was not happy this time, and neither am I, because I had to bear half of the loss from my own pocket.

Therefore, I decided to abandon the idea and not invest in anyone else's place.

I have been involved in such a situation quite a multiple times where individuals who are afraid of taking a risk will rely on me to manage their investments, there is one of them who recently sent me a what app message beginning me to help him invest that he has all the money needed to buy a few bulks.


But what my replies have always been for them is that I don't serve as a financial broker rather I am Ok managing my personal financial life and if they want to invest any amount, there can take the risk themselves.

What I have realised with Bitcoin is that Bitcoin is a self-independent financial life so everyone has the right to sick to build the necessary knowledge.

I don't like the idea of promoting Bitcoin to friends and family, because there's a lot to lose and not a lot to gain. Even in the best case scenario (bitcoin goes up, they sell and get profit) they will not be fully grateful and it won't improve your relationship. But if things go south - price taking a dive, they get hacked or scammed, etc; you will absolutely be blamed, maybe they will even demand compensation from you.

pushing an idea in someone's throat is one of the best ways to make someone hate that Idea, if I were you, just let them be, there is no point pestering them if they themselves are not interested in knowing/learning about Bitcoin. they would probably just become annoyed at you if you keep telling or as you say "orange pilling" them.

Your answer shows that you didn't read what I wrote at all, too bad I would have liked an answer to the subject in question. That said, you're not the only one talking about harassment or whatever, fortunately I got a link to a book that looks very interesting, that will at least make a constructive post in this thread ...

I think that was never my intention to begin with. Why would I want to convince my family and friends? There are millions of people who are interested in crypto today, that is big enough that it doesn't really need me. In fact, if you take how many people ever owned a single satoshi, and make them vote for a crypto party, that party would be winning elections in almost any nation in the world (for fair election ones, not like china or Russia).

So, when it is as big as that, trying to convince my surroundings doesn't really mean much, it would be futile to convince like 3-5 people more, sure if we all did that then it would be great, but obviously we can't all do it at the same time, so I rather be one of the ones that doesn't do that.

I will never hold anything related to money or investing for someone, unless I give advice then teach how to invest, because it's extremely risky to hold someone's properties, especially funds. What if the coin is invested got dumped? Money can make people you trust betray you. And as we all know, when people lose something for which they had made plans, they become angry.
My point is that anything involving handling someone else's money or holding coins for them is extremely risky; you must either teach them how to handle their money or leave it alone.

you said in your original post that "you've given up on that Idea" which gave me the idea that you've tried to "orange pill" them about Bitcoin several times(I could be totally wrong though), also, before this reply my understanding of "orange pill" is that it is a condescending/arrogant way of telling people about Bitcoin(which apparently is not, after looking more into it) and that is why I said the part on my post that you highlighted.

now, as for the "tips and tricks," I will still say that let them be if they themselves aren't interested in being "orange pilled", and I am adding that be open to them if they are the ones who asked and are interested in discussing Bitcoin.

Very interesting remark. So it's just a question of vocabulary that has biased the interpretation. I thought "to orange pill" was a neutral expression.

Well otherwise to give an example:

You know your friend doesn't like cake very much. But you have a great recipe with special ingredients that are good for his health (in addition to the fact that it tastes great). So you make him the cake, and he is free to taste it or not, without any obligation.

That's more what I had in mind. As for those (few) who want to entrust me with a few hundred euros, it would be better if they learned themselves what Bitcoin is all about. I'm not interested in keeping other people's money, knowing that they might not even get it back if I die.

In short, there are almost two questions in one.

Thank you for explaining why I didn't understand all these strange answers.

Based on your example, you're already know the answer! You shouldn't be sad or mad when your friend doesn't want to taste your cake, as he was not ask you to make him a cake.

If you're still seek a way or trick to make him taste your cake, you're not respect his decision. You can't generalize anything is same, if you think it's good for you, other people can think it's not good for them.

You are wrong. I cook pretty well and it is not impossible that he loves my cake (which I remind you is a special recipe good for his health, that is to say without sugar and bad ingredients).

My kids, when they were young, didn't want to eat vegetables, but a few tricks and they were done. Today they are in great shape (probably not only because of the vegetables, but also because of a good general diet).

I have nothing to gain personally by sharing what I know about bitcoin, but what the mainstream media is saying is usually wrong and focused only on the bear market or bull market. That's not what makes bitcoin interesting.

A wise man once said “You will never be able to give enough adequate explanation to a person that is already determined to misunderstand you”. It’s no use trying to convince people who do not want anything to do with bitcoin, you are likely to get a negative reaction. There is no perfect technique to the success of convincing newbies to get into bitcoin, it’s easier to convince a person that already has a positive attitude towards bitcoin.

Actually I don't want them to, you may call myself selfish which is true somehow but the main reason is I don't want to mix up finance with relationship because it mostly will end up in bad situation so just let them what they do and if tou feel they are doing something wrong then you can give your suggestions about how to succeed from it but its their choice to decide what to do and we can't analyse or force someone to invest in something what we are interested.

I don't have any tricks or special tactics aside from buying, hodling, working in creating new content, and waiting for the next bull run when they all come to me and ask me how they can buy some bitcoin. Unfortunately, they all end up buying the tip and not the dip (like they should) and they end up "losing money" but there are a few who are convicted enough to hodl through the turmoil and keep buying while the market dips and they end up in the black eventually.

I also really like these websites because it gives them something more tangible and teaches them about some of the more fundamental benefits of bitcoin. 

https://bitcoinorshit.com/ - This helps them to understand that if they didn't buy dumb shit, they could have a lot more wealth today.
https://storeoftime.com/ - This shows them that bitcoin stores the value of their time into the future better than anything else out there.
https://dcabtc.com/ - Anyone can backtest a simple purchase to see how much they would have today if they had just listened to me years ago. I often tell people "$10 per day for 10 years will change your life."
https://FiatMarketCap.com - when people tell me that Bitcoin will "never replace fiat currency" when in reality it already has a larger market cap than most fiat currencies in the world.
https://wtfhappenedin1971.com/ - A useful tool to help people to understand how the value of our labor has been distorted ever since the US dollar was decoupled from gold in 1971.
https://observablehq.com/@jimbojw/wen-moon - A powerful tool to show people when you can "retire" from your bitcoin holdings based on how much they have in relation fiat depreciation and bitcoin appreciation.

I also link them to a lot of valuable articles and content on how they can easily and practically save in bitcoin. Aside from all of that, I jut stack, hodl, build, and wait.

Génial merci beaucoup  :)

That is not a bad reflection on life though, I would agree with that. If you put finance and relations together, the relations would get damaged when finances are damaged. If you take money from your friends, even if they begged you to do it, then when you put it in bitcoin you will end up being upset that you lost money, even if they say nothing it will feel bad.

I did it for a family member, they wanted to put a small amount, an amount I could just give them even if all of it was gone, but when they lost it I felt terrible, they are back to profit again thankfully but it was a terrible feeling. So all in all, I understand your point of view, and that should not be an issue for you at all, it should be totally understood at this moment.

I've been in the crypto for 5 years, but it's the first time that I've heard that term "Orange Pill" being used.
That's the proof that I really need to do some more research, and gain more knowledge. :D

Invest for them? Nahhh don't do it. I would never do that thing as well if I'm in your shoes. You will invest for them, and then if you gain profit? You will give some to them. Funny how these lazy people are thinking right? They are doing things the easy way, and they will use somebody for their own sake.

Just forget about those people who aren't interested in Bitcoin. I don't want to convince them myself as well. I will only answer them once they asked me something that is related to Bitcoin, but to convince them to buy Bitcoin? I will not do it because of two things. One is, I want them to learn what Bitcoin is, then let them decide whether they will invest or not. Two is, I don't want to be blamed once they lose money because they invested into Bitcoin.

I too am learning every day and I thought it was a well-known expression  ;) (that's why I didn't expect most of the answers I got)

https://bitcoinmagazine.com/culture/what-does-it-mean-to-orange-pill-someone

https://www.urbandictionary.com/define.php?term=Orange%20pill

https://kolinlukasx.medium.com/the-orange-pill-changes-your-view-about-money-its-time-for-you-to-get-a-taste-125d5668c359

And if you are looking for love, friendship and bitcoin : https://www.theorangepillapp.com/en

A bit of orange pill design : https://www.bitcoin-gear.com/products/time-to-get-orange-pilled-hoodie

With my own family I have totally given up. They only believe what the media tells them and often enough they got told that bitcoin is a high risk investment that will someday burst and everybody will lose their money. Also crypto is the payment of the underworld and therefor cannot be trusted, haha.

Old people, they believe what they want to believe.

It's a little different with the family of my fiance, they are more open to it since they are also still looking for investment. My family has given up on that, maybe also because of age.

Fiances family is trying to educate themselves about the whole crypto thing and I have a feeling they might soon know even more than us.  ;D

It seems that I also have a lot more to learn as I am also new to the term "Orange Pill".
It was very unfamiliar to me when I first read this thread.

Quite a reference, I know about the "Orange Pill" you mentioned.

There's no convincing when someone you know or someone around you doesn't understand Bitcoin and doesn't want to know about it.
Convincing newbies to buy Bitcoin will only be a disaster and it will reflect badly on your reputation when the investment goes badly.
Just provide general knowledge about Bitcoin so that they are familiar with Bitcoin and investment advice is really not needed.
Let them choose what to do next.

I don't know why this common among humans but everyone wants to cut to the results of how you have benefited so much from bitcoin but I feel they only know this because we actually try to introduced or tell them of how bitcoin is wonderful instead of explaining the full context, maybe if we start to tell them about the bad side which is the whole volatility aspect of bitcoin maybe we can get genuine friends or family members that are willing to investment despite knowing this.

As much as I am passionate about sharing my knowledge of bitcoin to others but I don’t waste my time on people who are not interested in bitcoin, and neither should you because your efforts will met with equal resistance. I don’t try to convince them with the promise of profit because that could easily backfire on me should they invest and the market dips even by a cent. You made a wise decision to deny their request, if they want to invest in bitcoins they should take full responsibility for their funds.

Yeah me too. I have been seeing of late hreads talking about the matrix and I thought maybe this was referring to the Morpheus blue pill red pill scene in the Matrix movie, turns out I don’t know what I was talking about lol.

Orange Pill, seriously? That's uncharted territory for me! Guess I skipped that crypto lecture. But hey, the learning never ends, huh? Perhaps a Blue Pill is on the horizon, and we'll be Neo in a digital wonderland. When it comes to investing for others, I feel you. Why slave away, only to let someone else reap the rewards? It's like whipping up a Michelin-star-worthy feast, only to watch another devour it. Not happening, compadre.

But wait, maybe there's wisdom in those slackers' ways. Who isn't tempted by a nifty shortcut? Let's outsource our investing, kick back, and witness the cash avalanche. Smooth sailing, right? Alright, I'm goofing around. But on a serious note, owning our investments and doing our homework is crucial. And if Bitcoin isn't someone's cup of tea, their loss! More crypto cake for us, eh?

Like you, I have also given up.
They look at me like an alien whenever I bring up the subject of cryptocurrency at the dinner table. It just seems ridiculous that the currency I am talking about I cannot show them a physical one whenever they ask me to produce it so that they can make a proper comparison with the local currency. I have already vowed that one day I am going to get the 1 bitcoin coin and show it to tell. But for now, I just keep doing my thing.

What I fear the most for anyone who wants me to tell them how to buy Bitcoin and coming to the market at the wrong time, the wrong time in the sense that when Bitcoin continues to go low without respecting any support, those are the thing I fear because new people who have not to experience anything will find it difficult to digest loss when it is there first time. So, when anyone asks me to teach them Bitcoin, my first rule of teaching is to show them the risk involve and after that has been digested, then I will open the profits side but even at the conclusion, I make sure I centered my discussion on risk and then cover it up with the benefits of being a bitcoin holder.

I am not really into convincing someone to invest their money into bitcoin because the mindset of everyone differs so only we know what will suit for us and same applies to everyone. But in terms of giving crypto assets to family member or our loved ones then I don't hesitate because here I am the one who is going to take the burden if the value drops but they are in fortune when it performs well and I don't have any doubt about the potential of bitcoin and its future but I just kept into very closed circle especially with the family.

Introducing someone to crypto, and advising them to buy bitcoin, is a risk on its own, let alone having to invest for someone.
A couple of friends have come to me in time past asking me to invest for them, this is after i introduce them to crypto, they came with the excuse that the technicalities are too much and they are afraid of making mistakes, i just tell them no, that I can't invest for anyone.

I can teach you how to get married, but don't ask me to give you my daughter to marry, because if I wanted you to marry my daughter, I would have told you that I Want you to marry my daughter while teaching you how to get married.

Invest for someone, alongside managing their investments for them is something I would never dare do, except for my wife and kids, I wouldn't do it for other family members, let alone friends.

Interesting ...

If you fear suggesting others to buy Bitcoin when it is crashing then don't tell them to invest.  You can explain how the market of Bitcoin work without telling them to buy and hold Bitcoin.  Explaining Bitcoin to people do not necessarily need to make them buy Bitcoin.  Their knowledge and observation will tell them whether they have to jump into the Bitcoin wagon or not.  Convincing them to buy Bitcoin will only give you problem when the investment don't go the way intended.  So we do not need any trick or convincing for these people to invest in Bitcoin.  They have their mind and observation.  They will know if it is necessary for them to invest or not.

I just simply ignore it out and tell them about certain website links that shows off bitcoin information basics and to those wallets and some insights about scams and frauds online specially on crypto space.

Ive been how many times been approached by some family members or relatives in regarding about handling out their money and invest for them which i did refuse.I dont really like for me on getting
blamed and i dont want for them to expect some positive results out of their investment which its likely going to be a mess if bear market comes.

This is why its better to redirect them into those sites which do really give out the whole idea on what it is and knows on how to start.

It's the same with most things in life: You can't force anyone to
- a more healthy lifestyle
- a more healthy relationship
- a new path for monetary success
or anything else that needs a change in perspective from their current status quo.
Bitcoin in that regard is above average challanging - a completely new *THING* that's usually way out of scope of comprehension for the average civilian without any prior knowledge on the topic.  ;)
The only way is to sometimes mention an interesting fact about Bitcoin every once in a while - maybe something sticks and makes them curious enough to put in the time and energy to start investigating by themself. Maybe. Pobably not, though.

My experience is, that many people prefere to hold on to their narrow believe-system even though evidence is getting stronger and stronger, that they might be in the wrong. So I would avoid putting in too much energy.
In any case, I love to recommend Andreas Antonopoulos videos: https://www.youtube.com/@aantonop/videos

It’s the safest way not to be blame in the future. Though I used to educate people about bitcoin before, but never in my whole life trying to convince them to buy this certain coin because I know that crypto is very uncertain, they might put their blame on me when their coins end up losing their value. Even with bitcoin, still I can’t assure that it’s going to be profitable consistently in the future, that’s why I just tell them to educate themselves first before deciding to invest.

With practically every user, this occurs. They are impossible to misidentify because they don't even register or complete any applications. It must be done for them by us. In this situation, they won't participate. Not the family, not even the group of friends. I engaged in such business with a friend, which negatively impacted our relationship. After that, I firmly advise that you buy, sell, or do whatever you want; I can just offer suggestions and send you instructions.

That wouldn't really work, I've tried it on my family, and taking investment from them wouldn't really make a profit because they don't really understand how the market works or even how Bitcoin works. Without understanding how the market works they easily think that the money was lost or taken by me but I just invested it in Bitcoin and other top cryptocurrencies in the market. They are not patient enough to make the hold thinking that after just a few months they already have a certain percentage of profit even though I already explain to them that they might lose all of their investment if the market was down, and they need to hold for a long time at that point.

They just don't want to invest on their own maybe because they just doesnt have time for it, And that's the point you don't really need to encourage them to invest we just need to explain what and how to invest on it and then let them decide if they really wanted to invest on their own, because if he's not the one that is going to invest on her own it just doesn't work. So in my situation, it is just better to give up since I already did my part I'll just let them decide.

I don't stress myself to teach anyone about financial investment and what to hold as an asset, and bitcoin is a formidable asset with high volatility and risk that need a lot of knowledge and experience to understand how it market work and to default the misconception among people that bitcoin is a get rich quick scheme.


Many of those that are trying to pick interest in Bitcoin are all with the idea of Bitcoin being an overnight exit, and this has affected their ability to comprehensively analyse Bitcoin and how to take its resultant risks approach with a fundamental knowledge.

I personally don't, orange pill being naïve or aggressive, doesn't really matter to me. I just don't feel like the pressure should be on me. I have tried it before and they kept on checking it all the time and kept on bothering me with it anytime it went low, people do not understand market moves up and down, they only look for ups and I can't be bothered with that.

Anyone who understands the situation should be considered as a good investor and I would be delighted to help such a person, but you do not know if a person is like that beforehand or afterwards, you know that it is going to be a terrible idea to get them in and then they are going to bother you every time bitcoin drops a dollar. I am fine without that headache and don't need it in my life.

With the increasing popularity Bitcoin is gaining, I find it hard to resist some of my closest friends' requests, so what I do is spend a few hours explaining how to download and install a wallet, and how to buy/sell easily depending on the available options in my country. Clearly, I waste a lot of time with them, but I feel happy when they make a profit because of my help. However, Bitcoin and other crypto currencies used to be high risk assets. That is what I always try to emphasize.
For normal people, I usually send some links to videos that explain the basics. Anyway, as I believe in Bitcoin, I want everyone to know about it. At the same time, I don't want to be the reason for someone's loss, so I always try to be in the middle when it comes to giving advice on Bitcoin investments. I learn them, but don't clearly advise them to invest.

It's interesting that « orange pill » really doesn't mean the same thing to everyone. For some the expression has a negative connotation, for others it is more than positive: the orange pill is also art in all its forms. Music, paintings, books ... A friend just sent me this:

https://youtu.be/Q3aLqqWQhxY

In the end it all depends on how you look at bitcoin: either just a way to make money, or something else entirely.

My family members do not know much about crypto investment, so I feel comfortable that they do not know because if they do, I will be the one they use, and I cannot refuse to help them.

Investing money for someone in crypto or outside crypto is like using you as collateral, meaning you will have to answer for anything that goes wrong, some family members can be so cruel that they don't care.

Occasionally, I teach my friends about crypto, but it is because they want to learn and do something for themselves, not because they want someone else to do everything for them.