How many of you feel ashamed for recommending Bitcoin to family & friends?

[Pente]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

[1715670581]

1715670581

[1715670581]

1715670581

[RGBKey]

Yeah, I still love the idea and implementation but when it comes to actually buying it and using it I don't talk to people about it any more, i get labeled awful things.

[frenulum]

Just tell them to hodl

[MadAlpha]

Just tell them to hodl

This is a good time-tested advice. A lot of people get desperate during a drawn out bear market. And a bear market can go for a long while, as we have seen. But if Bitcoin has value, as we all assume (or we wouldn't hold any), it will turn around eventually. Sadly there will be some who end up selling at the absolute low point before a turnaround, just as there are some who buy at the absolute top, but that's all part of market dynamics.

And no, you shouldn't feel ashamed. Do you feel ashamed if you recommend a stock at $500 and it goes to $250? If you feel ashamed, you may have invested for the wrong reasons. A good reason to invest in BTC would be that you wanted to be part of a disruptive new technology, a bad reason would be that you wanted to double your USD quickly.

[1Referee]

I recommended Bitcoin to several family members and friends and explained them in detail what Bitcoin is and the volatility that comes with it. Some of them are still using Bitcoin and others didn't come back due to the volatility. I am very happy I shared the idea of Bitcoin with them. They at least know there is a fantastic alternative to fiat and the old fashion financial system.

[Wapinter]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

I have just got into bitcoin few months back and none of my family members know about it neither do I intend to tell em unless I make a big fortune off it
That said I dont like the idea of buying btc for the simple reason that when you can get something for free why buy it

[Falconer]

It usually happens to people who didnt introduce the risk of bitcoin while recommending it for their family of friends, so it would be a big regret for them. I never feel ashamed to recommend bitcoin for my friends (my family are not interested with bitcoin) because I also explained the risks too, and thats why they dont want to get into bitcoin. Its really painful if I am in same situation with you

[ranlo]

I have only recommended BTC under the guise that it's a risky thing, equating it to stocks, only a bit more liquid. I'd never recommend people buy them without knowing the risks, though.

[dopecoindude]

Bitcoin isn't going anywhere. Just sit tight and you'll be a winner at the end.

[ranlo]

Bitcoin isn't going anywhere. Just sit tight and you'll be a winner at the end.

This is naive, at best. Bitcoin was never made to be a get-rich-quick scheme. It's a method of transferring wealth. If it were a guaranteed way to profit, every hedge fund/investor in the world would be all-in on it. Hint: it's not guaranteed, and it's HIGHLY risky.

[amiryaqot]

Well after reading this story it makes me feel proud because when i was enter into this innovation than it was around $70 and my brother entered than it was around $100 and after few months price raised to over $1200 so i am still in profit at the current price floor and i believe in great future of BTCitcoin, patient is the key of success in crypto world.

[gentlemand]

It's never worth dragging your family and friends into your own private investment fever. What happens will always be your fault. Crash? Your fault. Hacked because they're slack? Your fault. Price goes to the moon? Your fault for not persuading them to buy more.

[wadili89]

why on earth i will be ashamed for recommending Bitcoin to family & friends ? no not at all if bitcoin price is droped nothing to shame about it when it rise do you also feel proud ? i dont feel proud eaither its a currency it will go up and down

[bri912678]

It's never worth dragging your family and friends into your own private investment fever. What happens will always be your fault. Crash? Your fault. Hacked because they're slack? Your fault. Price goes to the moon? Your fault for not persuading them to buy more.

That's good advice and it applies to much more than Bitcoin. I bought things on ebay for family but found myself getting the blame if anything was defective. Luckily I kept quiet about Bitcoin and I'm sure I would have got the blame if they lost money buying it. On top of that I have the feeling they would spend so much time asking me when they should buy, and when they should sell that I would be left with little time to myself.

[ranlo]

It's never worth dragging your family and friends into your own private investment fever. What happens will always be your fault. Crash? Your fault. Hacked because they're slack? Your fault. Price goes to the moon? Your fault for not persuading them to buy more.

That's good advice and it applies to much more than Bitcoin. I brought things on ebay for family but found myself getting the blame if anything was defective. Luckily I kept quiet about Bitcoin and I'm sure I would have got the blame if they lost money buying it. On top of that I have the feeling they would spend so much time asking me when they should buy, and when they should sell that I would be left with little time to myself.

I've been the local "ask about Bitcoin" guy, but there's no way I can explain everything to people that they want to know. That said, if you explain that it's like a stock and can drop/rise at any second (but is more volatile than normal stocks), it usually gets the risk factor across.

[xhoneyael]

if your family is not aware in the risk or dont have any idea in bitcoin..
the best way is not drag them in bitcoin just introduce it to them
and let them do some research on its own..

[dopecoindude]

Bitcoin isn't going anywhere. Just sit tight and you'll be a winner at the end.

This is naive, at best. Bitcoin was never made to be a get-rich-quick scheme. It's a method of transferring wealth. If it were a guaranteed way to profit, every hedge fund/investor in the world would be all-in on it. Hint: it's not guaranteed, and it's HIGHLY risky.

How is it naive ?

Never said this :Bitcoin was never made to be a get-rich-quick scheme......

People who treat Bitcoin as other then a qet rich quick scheme are going to win in the end...

[Bit_Happy]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

I would always make sure they are aware of the risks, so I would never be needing to feel "ashamed for recommending Bitcoin". Why refuse to talk about it?

[chaoman]

1000 is alot of money?

[randy8777]

not at all. every one can make a decision for him self to invest a certain amount, whether you recommended bitcoin to them or not. investments aren't without risk.

[gentlemand]

1000 is alot of money?

There are plenty of people in first world countries who never have that much available to burn in their entire lives.

[MarketNeutral]

It's never worth dragging your family and friends into your own private investment fever. What happens will always be your fault. Crash? Your fault. Hacked because they're slack? Your fault. Price goes to the moon? Your fault for not persuading them to buy more.

Sage advice.

[Habeler876]

The mistake you probably did in your case was to talk about bitcoin in a way many people do: only as an investment.. If you mentioned that bitcoin can be
used to refill cards, be used to transfer money with very low fee or anything similar rather than just investment; you would carry no responsibility for financial
mistakes people made (the ones you talked into bitcoin) by buying it and trading.
Bitcoin was created to be used, and not only to be held in hope of greater prices on the market.

[ranlo]

Bitcoin isn't going anywhere. Just sit tight and you'll be a winner at the end.

This is naive, at best. Bitcoin was never made to be a get-rich-quick scheme. It's a method of transferring wealth. If it were a guaranteed way to profit, every hedge fund/investor in the world would be all-in on it. Hint: it's not guaranteed, and it's HIGHLY risky.

How is it naive ?

Never said this :Bitcoin was never made to be a get-rich-quick scheme......

People who treat Bitcoin as other then a qet rich quick scheme are going to win in the end...

"Just sit tight and you'll be a winner at the end." This insinuates that the price is going to go up. If someone bought in at $1200 (peak), it means it would have to go back up there. Otherwise, how could they possibly "win?"

[Brad Harrison]

Nothing to be ashamed about, it's like saying the same thing about stocks or forex

[Shubhankar-01]

Peoples are made by buying it.it is greater prices in the world and market.it is same thing about stocks

[crazywack]

No way am I ashamed. Nobody bought on my advice though. Probably a good thing. Everyday I learn more about proticals, blockchain tech, advancements in the community and it invigorates my excitement for this space.

I bought around $700 back in November 2013. Even loosing the 60%~70% price from the high I continued to buy threw, I'm up threw trading. Not much but it's a plus! HODL!

[alone bird]

no it's not ashamed for me to share btc with my family and friends because btc is very good digital currency!!!!
 I am also sharing and teaching btc to all my friends on whatsapp so I'm happy to share it with my friends.....

[nero987]

Not at all... Everyone laughs with the price drop of the last 20 months, but I don't care.
I talk about bitcoin all the time, even till the point where people arround me start to get irritated about it

In the end, you've never forced them to buy anything, right?
I know some people who bought some coins when they were arround $400-800, because I told them it may be a good investment.
No one of them is angry at me... If you see bitcoin as a long term investment, just wait and see, your friends/family who bought at $1000 will still make profit in the end...

[n2004al]

Don't feel ashamed my friend. Bitcoin is first of all (first of being a currency) a wonderful technology which has a disruptive power and will change the world of technologies in the same way make internet in its times. So be honored and have faith. The future is clear and unchangeable for bitcoin. Splendid.

[Amph]

i'm feeling more ashamed when they want to know the price of bitcoin, with all those big random swing

other than that it's like declaring that you're interesting in a new form of money, nothing wrong with it

[Kakmakr]

I know exactly how you feel. A few years ago I got into a <network marketing> thing, and I did very well. When I felt it was safe, I introduced my family to it because I received good monthly payment for 13 months and I already reached ROI and made a huge profit.

They entered into it, based on my success and they invested $1000 each. After two months it turned out to be a
very clever Ponzi scheme and they lost almost everything when it collapsed. I took my profits and divided it between them to make up for their loss. In the end, I made the biggest loss of all of them, because I had to re-fund them from my savings.

I did not have to do that, but I felt it was the right thing to do at the time. They think everything I do now, is too high risk for them, and they do not want to listen to anything when I talk about Bitcoin.

I know Bitcoin is not a Ponzi and I accepted that they will never believe me again. I just hope I can prove them wrong with this in the future. My advice to you, would be to discuss the risks involved with any investment before you discuss it with your family or friends. If they know about the risk, they cannot hold you responsible for the loss.
  

[nydiacaskey01]

I feel ashamed only because I can't answer all of their question.
Some questions are too technical that for someone who just buy and use bitcoins can't answer.

[Mickeyb]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

This is a hard pill to swallow, what you have written and experienced. I have invested in 1 alt and it's value has gone down considerably, and this eats me away daily, even though I am in a green on my whole crypto investment, so I know how you feel.

If there is some consolation, I think that Bitcoin and the blockchain technologies are here to stay in the future. And that the price will surpass one day again $1,000 and that my all will recover in price. All we can do is hold and not sell at the moment of this bear market throughout the whole crypto industry.

[neochiny]

i dont feel ashamed to introduce bitcoin to anybody..
first of all.. when people lose their bitcoin, its because of their own mistake not mine.,
sometimes or almost all of them go to gambling thats why they lost it...
but after i introduce bitcoin. im always teling them not to gamble it because it is real money.
and they should not risk what they work hard. instead. i told them just to earn, from investing or sig. camp.
and i think they where all happy with it. so the one thing is it all depends on people using it.
not from people who introduce it to them.so dont blame yourself man. chin up.

[neochiny]

1000 is alot of money?

maybe it is just few for you.. but for some people it is already that big...
a lot of people around the world is poor so you can never say.

[ralle14]

i don't feel ashamed for introducing bitcoin to my family and friends its just
that they are not that interested to bitcoin after telling them
what it is all about and its potentials

[unusualfacts30]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

Why be ashamed?

They didn't buy it because of you ...as a grown up person they bought it because they found it interesting. If they're pointing finger at you they need to grow the fck up and learn to take everything with grain of salt.

I told people about bitcoin and lot of them bought it..some of them lost money but I told them in the begining that they have to hold it for long term (10-20 yrs) to see any real development and price change and they were okay with it...lot of them still hold it and they bought more.

[Havelivi]

Feel ashamed for what i don't understand what op want to say his story is little bit confused so when we are going to invest in any industry so it comes with risk factor and that nature of any kind of investment.

[John (John K.)]

I tell them that I buy and hold bitcoin for the idea, and the hope that one day it'll be more mainstream. It's kinda like buying AAPL back in the old days...



It's inevitable that bitcoin would have its ups and downs like any new commodity/stock, but just remember that if you don't sell, you don't actually lose.

[maxhor]

I never feel ashamed with bitcoin and have no reason to think like that because i have strong believe in this true crypto currency.

[natodemon]

I would never feel ashamed of talking about Bitcoin, I don't however tend to tell many people about it due to it's complexity and my bad explaining skills

If I were to explain it to someone I would be sure to point out it's current volatility and that is the main reason I have refrained from telling a few of my café / restaurant owning friends about bitcoin; I would hate for the price to drop on them just after starting to accept it. I did convince my father to buy a few in 2013 when the price was hovering around $250-300 and he then sold some off when the price peaked. He's not the most tech savvy person but he keeps an eye on the bitcoin price and I let him know when it's a good time to buy; so far he is the only person I have shown how to use and buy bitcoin.

[Kprawn]

I am one of the lucky ones, because I got my family into this and they got a good profit when they sold. It's all about timing... there is a fine line between being zero or a hero in Bitcoinland. Unfortunately the OP

got his family in when the price was at it's highest... if he brought them in and the price went to $10 000 ...He would have been their hero. This is just the way it works in early adoption of new technologies.

The other side of the penny.... if they hoard it and it goes beyond $10 000 ...he will still be the hero. 

[Denker]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

I never advised anyone to buy bitcoins. I always explain the technology, what might be possible in the near future with it, how disruptive it can be, what are the risks and actual downsides. That's it.
When I got asked if someone should buy I always say only if you have some money left what you can afford to lose. Because right now it's still a high bet and very speculative if it well ever become a worldwide success. Some bought 0.5 or 1 Bitcoin. They said let's see what it will be in the next ten years.Others never touched it.

The key is to show the positive and negative aspects.No risk no reward.That is why super early adopters are the lucky one today.
If you own Bitcoin you might be with them in 10 years.But no guarantee.

[Ruzka]

That is hard maan unlucky :/ I managed to get there a little before which cost me around 50 -70 dollars and the only guys I spoke with it about, my sister and partners farther all made money from it. It was not as much as they could have because they sold before the all time high. But, glad I don't have to ignore them or the conversation because they lost out like many did. Head up OP and don't let nothing make you feel ashamed, try put a little money aside each week and repay them a percentage of their losses.

[tiggytomb]

I mentioned to a few people, shouldn't feel ashamed as everyone has their own choice to make and I can't see any harm in giving people information.  It will pay off in the long run I'm sure.

[johnyj]

I'm so proud that all my friends listened to me to buy at 2012 before the first reward halving at least 20xed their investment. They typically bought a couple of coins for their children to play with but now that can buy the children a car. But I still insists that they should hold it for at least 2 reward halving to see the real power of bitcoin's long term anti-inflation potential

By the way, "BLASH" is always a wisdom when it comes to investment of anything 

[Hazir]

We all know that bitcoin is unstable. Price is extremely volatile. It is not investment without risk which give you pure profit every time. If that was the case everyone would be riding this bitcoin train by now.
Op I feel sorry for you and I understand that your overzealous attitude caused you and your friends troubles, but that is to be expected in bitcoin world, you will never know.
It was foolish to think that bitcoin will be only stronger and more expensive.

[bitcoin567]

im not ashamed of recommending it to my friends in the future they will see that i was right when choosing it

[ObscureBean]

I don't really see why you would feel shame. You talked about Bitcoin back then because you were excited about the new technology and its potential, that's fairly normal behavior. The actions your family and friends take based on the knowledge you've imparted to them has got nothing to do with you. They are their own person, you can't be responsible for their decisions.

[dannybrown]

I don't. EVerybody already get rich after I suggest them Bitcoin. That was early 2013.

[tadakaluri]

I recommend Bitcoin as just like other investment instruments, like Stocks, Gold, Real Estate, etc.

[jubalix]

I dont recommend so much as try to explain the money supply system and why BTC needs to be part of any investment protfolio, eg 2%~5% if considered High risk. Most people understand the need for a diversified portfolio that needs to include some *high* risk.

Personally I see BTC as low risk and FIAT as High risk....but then I have spent years getting to grips with money supply, banking, IT, BTC, programming, Law etc

most people just dont have that time to go into it .... ironically by the function of the the FIAT system mostly.

[okae]

I never feel ashamed with bitcoin and have no reason to think like that because i have strong believe in this true crypto currency.

exactly this. When i recommend bitcoin to family and/or friends,i always advert them about the risk and the advantages, i just leave them the decision to invest on it or not, there is nothing to hide.

I don't. EVerybody already get rich after I suggest them Bitcoin. That was early 2013.

haha you feel like a unlucky man yes?, i know how you feel

[Jeremycoin]

I don't feel ashamed, because I never really feel when the price goin' down. Because I started to know Bitcoin when the price is around $400, and I also never buy a Bitcoin with fiat. Instead, I feel proud because the longer my Bitcoin income is increasing.
 

[3x2]

I recommended to some friends with the warning of uncertain future and price, there is always certain amount of risk when you invest your money.

[Q7]

Well you are not the only person. Despite being so confident in the past and then doing all the best that I can to promote it, somehow I feel it might be a wrong decision after all. Even though there is a glimmer of hope that one day the price will take off and adoption becomes widespread I would rather leave it to the individuals to find out themselves. Better than telling something from my gut feeling that eventually turns out to be wrong

[maokoto]

I am a little ashamed as there are many people that would think it is a game, or that I am crazy. But if you take your time to explain it, and warn about the risks beforehand, it does not have to be shameful.

Problem is when you say it is all the rage, and then people see they are not easy to spend or that its price is very volatile.

[Xialla]

I don't feel ashamed because of bitcoin itself, but I'm not feeling comfortable about public opinion.

when we start discussion about bitcoin with friends, it EVERY-TIME ends up on mtgox, silkroad, BFL (they had preorders) or Avalon (I bough chips for them here). Generally, I really can't recommend to anybody here to recommend bitcoin to friends - it is quite dumb idea.

within my friends and family, bitcoin is (still) handled like some ponzi game for geeks looking for quick bucks and for some dreamers, which thinks, that they can beat government and taxes and bring endless freedom and prosperity to whole world.)

[teddy5145]

I suggest for your family to hold, someday the price will rises surely
Also next time tell your family to not invest more that then can afford to lose

[mallard]

You should recommend it as something to spend, not an investment.

[AGD]

I told the people around me to buy Bitcoins, when they were 100$. They still thank me for that. Sometimes we laugh about the guys who didn't buy at that point.

[alani123]

I've always been telling to my friends that to invest in bitcoin they should have some crazy high-risk tolerance. I was telling them that since 2013, turns out I wasn't that wrong. I had seen the price climbing from 60$ to 200$ at that period of time. I was surprised to see bitcoin briefly climb on 1100$ but at all times, I'd tell my friends not to buy bitcoins as an investment.

Right now, with the capital controls in Greece, I've assisted several friends of mine by helping them take part in online offers they couldn't have done otherwise because of the limitations in bank services. I think that it's all about how you introduce someone to it. Most of my friends are merely observing. Out of all the people that asked me to tell them some ways to make money with bitcoin, maybe a couple actually managed to do so. No shame as of now, just slight disappointment at the loss of interest by certain friends of mine, but still no financial losses so there's also nothing for me to feel guilty about.

[kenbytes]

bitcoin it`s a new industry its` not only an electronic payment ...this is the evolution ...bitcoin will never die because to many people are using bitcoin..there it`s a big world of bitcoin

[Bitcoinpro]

im laughing in my sleep about how right about it i was

unlimited wealth is a good feeling

[twister]

No, I am not ashamed to tell anyone about it, but I don't tell them to invest in it, I tell them to see it as a technology, a way to control your own funds but at the same time I do tell them about the price fluctuations and that they should read more about it and only buy it if they understand what it is. I think telling someone to buy bitcoins because it will sky rocket in future, is not a nice thing, they should be made aware that it could go up or down and they should make their own decision.

[LiteCoinGuy]

dont tell them to buy something that they dont understand. hopefully you also told them that the value can be zero 

[coinzat]

Wow your lose is very huge , if it happened to me my family would kill me 

[newcripto]

I introduced Bitcoin to few of my friends.I cleared the situation that price can go up and down if you want to invest do at your own risk.I just shared news or something new with you.It is up to you now read about it and if you are convinced then can invest.Few of them invested overall they are without profit/loss till now.I am not ashamed of introducing them to Bitcoin.

[RaginglikeaBoss]

1000 is alot of money?

For the average blue-collar worker, a.k.a. most people in the world, yes it is.

Show some respect for humanity.

[rokkyroad]

I got into btc after the big bubble burst. Thankfully, I never got anyone excited enough to buy it but I loved to talk about it (dam it).

Now I just hang my head and mumble something evasive when someone asks me; "How is bitcoin doing these days?"

[galbros]

I always focused on the cool technology side of bitcoin rather than it as an investment.  I don't think I ever talked anyone into buying a bitcoin, though a few tried mining.

I'm sorry you had such a poor experience.

[crazywack]

I got into btc after the big bubble burst. Thankfully, I never got anyone excited enough to buy it but I loved to talk about it (dam it).

Now I just hang my head and mumble something evasive when someone asks me; "How is bitcoin doing these days?"

My friends sometimes give me crap when it comes to the price. I hope one day I'm the one laughing!

[mallard]

hopefully you also told them that the value can be zero 

same can be said about fiat 

[Immortal Tech]

I'm not sure why anyone would feel ashamed, but I never recommended it to anyone. I just told them about it and if they wanted to invest then that is their decision.

[ashour]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

Most of my family still grasps to understand what bitcoin actually is, I am more ashamed that I can't explain it enough so they understand what it is.

[Daniel91]

I started buying bitcoins back in summer of 2013. I was so excited by this new technology and when the price shot up in November, my excitement became contagious. My brother bought a bitcoin for $1000 from me, my mother asked me to buy her one too also at $1000, my niece bought a tenth for $100, my boss bought a few from coinbase, a co-worker bought a few dozen or so until the price dropped to $800. He died about a year later and his family threw away his computer. So those were all lost.

I continued buying in 2014 and then spent a bunch early this year to take care of some things. Anyway, I went over my buys & sales, and discovered that my remaining couple dozen bitcoins cost me around $500 each, despite my use of cost averaging. And I know I did much better than all the people that I know who started buying later than me.

Now I am ashamed to even mention Bitcoin. Everyone I know has lost money and a lot of it. If they ask me about it, I refuse to talk about Bitcoin.

Don't get me wrong, I still love the concept. I am sure the technology will take off in a decade or two. I even use it to send money overseas (using bitpesa) and to fill phones (using bitrefill) all the time.

Anyway, just curious to hear how you all deal with the bitcoin shame from friends & family.

I'm sorry because of your very bad experience with bitcoin.
It's not easy when you are so inspired with something and recommend it to your family and friends and later you feel ashamed
due to poor performance and loss.
I had such experience a few times in my life and now it's really difficult for me to recommend anything to my relatives and friends because they don't trust me anymore.
All of these things on the Internet, no matter how good looking, are always risky and we should be very careful before investing any money.
I learned that the hard way.
The best solution is to never include your friends in such risky things and always try alone.
In such way, only you can lose money and friendships are preserved

[angrynerd88]

I invested 10k euro in btc i have lost 70%. My sister has invested 5k and lost same. My parents together 8k.

I remember i told them "it is impossible it will go down, it can only raise! trust me"
I feel very ashamed.

[RodeoX]

You should recommend it as something to spend, not an investment.

That's what I think.  Bitcoin is not an "investment" and was not invented to be one. It's money to buy things cheaply, securely, quickly.

[wadili89]

Wow your lose is very huge , if it happened to me my family would kill me 

then get ready to get killed because this can happen to anyone and annytime you never know when the value is going 100$ down and also you never know when the value is going 100$ up so you might get killed or get kissed 

[Athertle]

If I recommend bitcoins, it'll be as a currency; not as a investment scheme. It's like buying up USD and hoping that the value will rise; likewise, bitcoin is just a way to spend money.

[roadbits]

I tell all my friends to buy what they can stomach losing, and forget about em as long as they can. Worst case they lose a grand, best, they end up with over 10k.

[n2004al]

If I recommend bitcoins, it'll be as a currency; not as a investment scheme. It's like buying up USD and hoping that the value will rise; likewise, bitcoin is just a way to spend money.

You are opposed yourself. You tell that you will recommend bitcoin as a currency and not as one investment. Then tell: it's like buying us dollar and hoping that the value will rise. That is a typical investment and not a using as u currency. In fact you are not buying nothing with it (so not using as a currency) but are holding in your wallet in the hope that their value will increase and you earn from this increase. This is a typical investment and not a use as a currency. 

[buddu]

Luckily I came to know about Bitcoin few months ago and price range is almost same with little difference.I introduced two of my friends and they both invested a bit in Bitcoin and they are thankful to me.I am happy and still telling the people to take a look into the Bitcoin.

[zero01]

if beneficial and not detrimental why should be embarrassed to invite someone
I never feel embarrassed

[Falconer]

if beneficial and not detrimental why should be embarrassed to invite someone
I never feel embarrassed

It usually happens to those people who recommend their friends or family to invest their money in bitcoin, so they can get profit if bitcoin price is higher in future. But, if the price decrease, it would be shameful.

[Hugroll]

if beneficial and not detrimental why should be embarrassed to invite someone
I never feel embarrassed

exactly, theres no reason to be embarrassed for recommending bitcoin to someone.
unless you forced them to buy 100btc at $290 usd and made them lose $6000 then maybe you should be a bit embarrased

[wearehatetherules]

really sad story 
i cant imagine your feeling,and how angry they are. but you are cannot blame. its a bad destiny,bitcoin cant guess.. be patient bro! 

[Falconer]

if beneficial and not detrimental why should be embarrassed to invite someone
I never feel embarrassed

exactly, theres no reason to be embarrassed for recommending bitcoin to someone.
unless you forced them to buy 100btc at $290 usd and made them lose $6000 then maybe you should be a bit embarrased

I guess you dont understand the situation, you should read op first before comment. Dont you feel guilty if you have recommended something to your friends or family, then they get loss even its only $100?

[Elwar]

I don't usually recommend Bitcoin to anyone. I told my family that they should buy some bitcoins back when the price was $17 because I care about their futures and felt that I should share it with them so that we could all prosper together. My brother responded with an article about someone that wanted to make it illegal, my sister said she didn't have enough money to invest in anything and everyone else ignored it. I did my due diligence. I bought each of my nieces and nephews 1 bitcoin for their birthdays when the price was below $100. The true gift will be when they figure out how to spend it.

I don't recommend bitcoins to people. I just tell them how it benefits me. I lead by example. My co-workers at work know that I get paid 10% to get my money converted to euros while they are paying a 5% conversion fee for their euros. I have no clue why they continue to waste their money. I think they just figure it's too late for them to get into Bitcoin, or they ask me if I can show them how to make some quick money with bitcoins.

I figure that recommending bitcoins to the very people who are the cause of so many of the problems we have right now is not worth it. They deserve what they get.

[unamis76]

I've recommended Bitcoin to quite a few people but most don't grasp the concept, disregard it or simply don't want to have anything to do with it, and noone of them has actually bought any coins... I don't feel ashamed of recommending Bitcoin. I would feel ashamed of recommending them a bank... No harm in recommending anyone a way to store their own money safely! And the OP shouldn't feel bad either, he recommended what he think it was best and the people accepted the risk of buying Bitcoin.

[boliu]

I don't feel ashamed for recommending Bitcoin to many of my friends and family, like all my recommendations, I tell them what it is and let them decided if they want go in, like stocks that I recommend.

I ton't force them to buy and invest just give them knowledge.

[Falconer]

I don't usually recommend Bitcoin to anyone. I told my family that they should buy some bitcoins back when the price was $17 because I care about their futures and felt that I should share it with them so that we could all prosper together. My brother responded with an article about someone that wanted to make it illegal, my sister said she didn't have enough money to invest in anything and everyone else ignored it. I did my due diligence. I bought each of my nieces and nephews 1 bitcoin for their birthdays when the price was below $100. The true gift will be when they figure out how to spend it.

I don't recommend bitcoins to people. I just tell them how it benefits me. I lead by example. My co-workers at work know that I get paid 10% to get my money converted to euros while they are paying a 5% conversion fee for their euros. I have no clue why they continue to waste their money. I think they just figure it's too late for them to get into Bitcoin, or they ask me if I can show them how to make some quick money with bitcoins.

I figure that recommending bitcoins to the very people who are the cause of so many of the problems we have right now is not worth it. They deserve what they get.

You are a good uncle
I think its a timing issue, which those people who bought bitcoin in right time when the price was beginning to increase alot, surely they got big luck. But, for people who late bought bitcoin when its price started to go down, it has been a bad luck for them and other people they have recommended.

[lahm-44]

I won't feel ashamed till now because I have not done anything wrong till now I mean many of my friends had really made profit like me and many are still noobs..they are quite learning it and rest of the peoples are lossing a small amount of money and getting it back

[a7mos]

I did not recommend using bit coin to my family because they do not know a lot about technology and they won't understand how bitcoin works

[Kaneki]

same as above, my family was not too familiar with the technology especially the use of digital currency

[ranlo]

I did not recommend using bit coin to my family because they do not know a lot about technology and they won't understand how bitcoin works

I'm the guy people always ask about Bitcoin... but there's so much to cover it's hard. Everyone wants detailed explanations of how it works and is secure, without getting technical. It makes things difficult when it comes to bringing others on board.