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Author Topic: Is it a waste of time mentioning Bitcoin to friends and family?  (Read 14413 times)
Light
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November 12, 2015, 12:21:39 PM
 #81

You're so right about this, when you tell your family or friends to buy bitcoins as an investment they look at you like there's something in it for you, which is not the case, so what I do now is try to educate to them what bitcoin is as a currency and how it will change the way we keep/spend the money in future, if they see something in it, they ask me themselves how they can buy it and then I point them into the right direction, if not, then I don't mention it to them ever again. So don't persuade anybody to buy it but do educate anyone you can.

To add another point - in general people will tend to blame you if their investment does poorly, and in Bitcoins case it has a tendency for rapid high/low movement in the space of a few days. You don't really want to turn a friendship into something sour because people think you're trying to sell them something that turns out to hurt them.

IMO, if people are interested by all means talk and tell them about it - but if they don't care/interest doesn't lie there I wouldn't spend to much time on it. They'll come around if Bitcoin does make it big and if it doesn't nothing lost.
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November 14, 2015, 11:25:59 AM
 #82

I never sugested anyone to invest into it i had telled them there is a way to get an income montly from doing almost nothing,can be captcha,faucets or signature.
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November 14, 2015, 11:28:53 AM
 #83

Well it is good to mention but if they do not understand i really just escape this situation - personal experience, sometimes it does not worth.


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November 14, 2015, 11:55:25 AM
 #84

No is not wasting time, maybe you have to learn to do an interesting introducing.
When you tell it to someone, start with the small thing but interesting. Like what can you do and how can you be rich with Bitcoin.
And then after that you can start to talk about more complicated things.

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November 14, 2015, 01:41:50 PM
 #85

People with computer knowledge understand BTC things better, especially with developed computer skills  Wink
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November 14, 2015, 04:41:05 PM
 #86

I have considered telling my family and some of my friends about Bitcoin but whenever I've tried, they fail to understand why it does have value and why it is extremely important specially in the current socioeconomic context.. they don't get it and see it as something really strange. Needless to say I wouldn't tell them to put any money on it. In a way it feels like im keeping something amazing to myself, but at the same time, I don't want to put people into the pressure of holding through rallies long term because most people aren't cut for that.

How to introduce Bitcoin to absolutely clueless people and is there even a point? Should we just let time pass and wait for them to naturally learn about it once it goes more mainstream?

I have actually got stuck in a situation where a family member has invested a small amout with me since way back in end of 2013-2014 and the price has gone down since.  Im waiting to break even so i can hand them the money back.

Very bad idea overall, i think saying stuff like hey check out bitcoin and what good it can do for the world is good. Saying stuff like, hey check out bitcoin you can make loads of money = bad.
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November 14, 2015, 05:21:50 PM
 #87

People with computer knowledge understand BTC things better, especially with developed computer skills  Wink
Yeah but who has that guy on their family? almost no one has a guy that would understand it enough for it to appear interesting to them. Most people's computer knowledge is youtube and facebook, so you can't expect much unfortunately.

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November 14, 2015, 05:26:23 PM
 #88

People with computer knowledge understand BTC things better, especially with developed computer skills  Wink
Yeah but who has that guy on their family? almost no one has a guy that would understand it enough for it to appear interesting to them. Most people's computer knowledge is youtube and facebook, so you can't expect much unfortunately.

Computer knowledge isn't the key driver to people investing in bitcoin now its more likely business or perhaps occasionally some political reasons.
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November 14, 2015, 05:32:34 PM
 #89

I have considered telling my family and some of my friends about Bitcoin but whenever I've tried, they fail to understand why it does have value and why it is extremely important specially in the current socioeconomic context.. they don't get it and see it as something really strange. Needless to say I wouldn't tell them to put any money on it. In a way it feels like im keeping something amazing to myself, but at the same time, I don't want to put people into the pressure of holding through rallies long term because most people aren't cut for that.

How to introduce Bitcoin to absolutely clueless people and is there even a point? Should we just let time pass and wait for them to naturally learn about it once it goes more mainstream?

I don't think it's waste of time, because you already try to support Bitcoin by telling people around you about this powerful currency, and Bitcoin still need advertising as much as we can.
You can start offering your relatives some bitcoins as gift and then explain this currency for them, i think it's not bad tool to advertise bitcoin
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November 14, 2015, 06:59:28 PM
 #90

you can change your method and still advertising bitcoin to your friends and relatives, it's depending to your method of talking about Bitcoin i think

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November 14, 2015, 07:33:52 PM
 #91

I also have same problem,and consider to stop explain to them..i try to tell them to see me use bitcoin Grin
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November 14, 2015, 07:34:03 PM
 #92

Unfortunately, it's true statement.
Not just bitcoin, but if I mention anything connected with Internet earnings, virtual currencies etc. my friends become so much skeptic and just don't want to listen.
I had to give up trying to explain them what is bitcoin.



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November 14, 2015, 07:41:09 PM
 #93

I told a relative, who'd possibly speculate if he found a bandwagon, that to buy bitcoin to speculate with is as parasitic and useful as the activity of a tapeworm, but that if anyone will pay him all or in part for his work in bitcoin, he should definitely get bitcoin because that is a sure sign of it turning mainstream.

So, I'll talk but I don't do the hard sell.  Bluffing up the price of bitcoin would be a waste of time.  Obtaining bitcoin for any purpose other than speculating is what I recommend to anyone.
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November 14, 2015, 11:03:39 PM
 #94

My family barely know how to turn on a computer so they are not really going to get into this. On the other hand, I have got my friends only to laugh at me because they say "what are you going to use that for?, you cannot spend bitcoin in this country".

My goal is to pay my TOEFL with BTC (I will have to find a workaround, though). If I succeed I will simply close their mouths.

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November 16, 2015, 04:14:20 PM
 #95

I told a relative, who'd possibly speculate if he found a bandwagon, that to buy bitcoin to speculate with is as parasitic and useful as the activity of a tapeworm, but that if anyone will pay him all or in part for his work in bitcoin, he should definitely get bitcoin because that is a sure sign of it turning mainstream.

So, I'll talk but I don't do the hard sell.  Bluffing up the price of bitcoin would be a waste of time.  Obtaining bitcoin for any purpose other than speculating is what I recommend to anyone.

Well, I think speculating with Bitcoin is as legit as working for it... it is a free market after all. Also, most day traders get burned.. find me a guy who is making solid bank off daytrading and specially something like Bitcoin which is crazy volatile.

The thing is, family and friends will not believe it's a real thing until I cash out some of it and bring dollar bills home, but I don't want to cash out because I like to be my own bank, and if I start cashing out the bank will ask where did this money come from, and they will know I am a Bitcoin user, not sure if its a good idea that your bank knows you know about Bitcoin and own some..

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November 16, 2015, 09:59:00 PM
 #96

My family barely know how to turn on a computer so they are not really going to get into this. On the other hand, I have got my friends only to laugh at me because they say "what are you going to use that for?, you cannot spend bitcoin in this country".

My goal is to pay my TOEFL with BTC (I will have to find a workaround, though). If I succeed I will simply close their mouths.

You can convince your friends telling them that Bitcoin can be exchanged for fiat easily, so it's useful even if the government don't allow it for now. Many people still thinking that Bitcoin is only "virtual" currency and worthless but it's wrong idea as known
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November 16, 2015, 10:04:01 PM
 #97

My family and friends probably won't understand the concept.
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November 16, 2015, 10:07:58 PM
 #98

I have considered telling my family and some of my friends about Bitcoin but whenever I've tried, they fail to understand why it does have value and why it is extremely important specially in the current socioeconomic context.. they don't get it and see it as something really strange. Needless to say I wouldn't tell them to put any money on it. In a way it feels like im keeping something amazing to myself, but at the same time, I don't want to put people into the pressure of holding through rallies long term because most people aren't cut for that.

How to introduce Bitcoin to absolutely clueless people and is there even a point? Should we just let time pass and wait for them to naturally learn about it once it goes more mainstream?

It may be better to keep on giving friends and family who don't understand Bitcoin some small amounts of information at certain times you see them, such as: gibing them a bit of information each week. It is harder if your friends and family don't understand much about the Internet, but if they do then it will be easy for them to understand bitcoin and its concepts.
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November 16, 2015, 10:56:20 PM
 #99

I have considered telling my family and some of my friends about Bitcoin but whenever I've tried, they fail to understand why it does have value and why it is extremely important specially in the current socioeconomic context.. they don't get it and see it as something really strange. Needless to say I wouldn't tell them to put any money on it. In a way it feels like im keeping something amazing to myself, but at the same time, I don't want to put people into the pressure of holding through rallies long term because most people aren't cut for that.

How to introduce Bitcoin to absolutely clueless people and is there even a point? Should we just let time pass and wait for them to naturally learn about it once it goes more mainstream?

It may be better to keep on giving friends and family who don't understand Bitcoin some small amounts of information at certain times you see them, such as: gibing them a bit of information each week. It is harder if your friends and family don't understand much about the Internet, but if they do then it will be easy for them to understand bitcoin and its concepts.

I have tried myself but it's all in vain, because when they ask you "what is Bitcoin" there are no ways around it... the explanation is going to be pretty hardcore. If you say "peer to peer decentralized money" they will be like.. what? So you will go into detail, you are forced to.

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November 20, 2015, 07:11:20 AM
 #100

People with computer knowledge understand BTC things better, especially with developed computer skills  Wink

Not necessarily true. I think people with more knowledge of how money works and how the inflation will devalue your savings will undersand BTC better.
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