Work colleagues laugh at me getting into Bitcoin

[mtnsaa]

Many people don't even know how to explain how the current economic system work so they think they are on some crazy ponzi scheme. I'm not a Bitcoin fanboy, to me it has miles to go and still in its infancy, mostly in terms of adoption. Common people actually laughing about Bitcoin is a sign that it's too complicated to adopt and use, plain and clear.

However, if you have some spare money, one should have investments like this everywhere really. What's 1 or 2 BTC for many of us? another useless appliance for the house? Bitcoin has a huge potential and it's foolish to not hold a "share" of it if you understand how it works.

On the other hand, it clearly has no real value compared to other stuff. You can say fiat doesn't have inherent value itself but it's not the same. The BTC marketplace is still highly manipulated and there are not many mainstream uses for it.

[Searing]

Many people don't even know how to explain how the current economic system work so they think they are on some crazy ponzi scheme. I'm not a Bitcoin fanboy, to me it has miles to go and still in its infancy, mostly in terms of adoption. Common people actually laughing about Bitcoin is a sign that it's too complicated to adopt and use, plain and clear.

However, if you have some spare money, one should have investments like this everywhere really. What's 1 or 2 BTC for many of us? another useless appliance for the house? Bitcoin has a huge potential and it's foolish to not hold a "share" of it if you understand how it works.

On the other hand, it clearly has no real value compared to other stuff. You can say fiat doesn't have inherent value itself but it's not the same. The BTC marketplace is still highly manipulated and there are not many mainstream uses for it.

Talk to a Venture Capitalist....the best you can ever get on such is 50/50 ..if it is better then 50/50 odds you don't need to get capital ..folk will see that and toss money at your project.

Thus it is with me and crypto..don't spend more then you can afford...I hit my limit (equip/elec per month) and will stop here end of life on equipment

But BTC to me is a lot like say 'airport land' you have two places they are gonna build a major new large city airport...you kinda 'have to' take a chance and buy land in 1 place or the other because of the potential of a windfall.....if you pick right you win EXTREMELY BIG for your risk..if you pick wrong its TOAST

thus the old 'big risk and big reward' motto

or as my Dad said on such investments ..the best thing to do if you decide to 'go for it' is mentally build a fire in your mind and burn the $$$ .that way if it rains and puts out the fire (you were correct) you are 'pleasantly surprised' otherwise ..you made your choice..its probably burnt...and forget about it for  couple years etc

who knows...but the odds of me having the inside track of ANYTHING at this level of return ..on the ground floor ...as a speculative venture capitalist kinda 'shark tank' kinda thing is unlikely..so this is my ONE speculative shot at something like this...win/lose no inbetween that much is true

[maokoto]

Yes, it has happened to me at a small scale. People say "How may Bitcoins did you get today?" in a joke tone, or make weird looks when I tell them I earned some bits (because they think it is too small earning).

But let's just keep on.

[Denker]

Many people don't even know how to explain how the current economic system work so they think they are on some crazy ponzi scheme. I'm not a Bitcoin fanboy, to me it has miles to go and still in its infancy, mostly in terms of adoption. Common people actually laughing about Bitcoin is a sign that it's too complicated to adopt and use, plain and clear.

However, if you have some spare money, one should have investments like this everywhere really. What's 1 or 2 BTC for many of us? another useless appliance for the house? Bitcoin has a huge potential and it's foolish to not hold a "share" of it if you understand how it works.

On the other hand, it clearly has no real value compared to other stuff. You can say fiat doesn't have inherent value itself but it's not the same. The BTC marketplace is still highly manipulated and there are not many mainstream uses for it.

Totally agree with you. You can compare it with early internet 92/93 were writing an email was a pain in the a** if you had no idea.
When you told your friends about it their faces turned into something totally weird.Most of them didn't get it at that time.
Today it's part of our daily life.
Bitcoin needs time to mature and improve in usage and how it works.This is kind of an evolutionary process and doesn't happen from now to tomorrow.

[Gyfts]

I can't really blame them for laughing. The concept seems far fetched anyways for people to take it seriously. It's been this way for years now and I don't expect it to change any time soon. The only possible way for the perception to be changed is if the price were to take off which we haven't been the brightest as.

[btcprospecter]

Yeah I have encountered that too. Some people who do laugh about it don't know anything about it one even assumed I was buying illegal stuff with it obviously only head that side about bit coin

[btcdevil]

Many people don't even know how to explain how the current economic system work so they think they are on some crazy ponzi scheme. I'm not a Bitcoin fanboy, to me it has miles to go and still in its infancy, mostly in terms of adoption. Common people actually laughing about Bitcoin is a sign that it's too complicated to adopt and use, plain and clear.

However, if you have some spare money, one should have investments like this everywhere really. What's 1 or 2 BTC for many of us? another useless appliance for the house? Bitcoin has a huge potential and it's foolish to not hold a "share" of it if you understand how it works.

On the other hand, it clearly has no real value compared to other stuff. You can say fiat doesn't have inherent value itself but it's not the same. The BTC marketplace is still highly manipulated and there are not many mainstream uses for it.

Totally agree with you. You can compare it with early internet 92/93 were writing an email was a pain in the a** if you had no idea.
When you told your friends about it their faces turned into something totally weird.Most of them didn't get it at that time.
Today it's part of our daily life.
Bitcoin needs time to mature and improve in usage and how it works.This is kind of an evolutionary process and doesn't happen from now to tomorrow.

Correct Bitcoin still have to go long way to function fully , but now who ever knows about it should keep faith on it. their are peoples who if dont know about it will degrade it and tell all faulty excuses, i also told my friends about it but that time i was using faucets so i was also not that much convinced,but now i am using this forum and signature campaign and i am able to earn around $150 per month

and now when i am showing them my wallet and its value they are also getting interested and asking me the procedure to do it.

[LiteCoinGuy]

But if they asked me what the point is in owning it, I really would be hard pressed for a good answer.

Future potential surely? There isn't an advantage in using it for payments at present apart from the occasional discount, but I spend it where I can as there's something very satisfying about getting in on a potential ground floor.

I don't think it's in any way ready for prime time yet and I would fully expect your average personage to have little or no interest or understanding of it. That's probably for the best for now.

or tell them it is like owning a tiny part of the internet in 1995. that would be a good idea , right   ?

[Blind Legs Parker]

Well, yeah...A lot of the people I know still think Bitcoin is just this funny Internet money, sort of like Gold in World of Warcraft. I just remind them that the World of Warcraft currency also has a real world value and, anyway, you can really use Bitcoin to buy things online if you know where to look.

I don't think that this is a good thing to do. Going front against them. Plus bitcoin is serious stuff that even Forbes is talking about now. Making connections between bitcoin and money used in video games is far from being fair to it. It just destroys all of its credibility in people's eyes. You'll just get answers like: "ok yeah, Gold in WoW actually has value in real life? Well you'd be a dumbass to convert your 'real' money into this 'gold'" is the kind of answer that you're more likely to get (and, sorry, but I'll side with them there, except on the "real" before the word "money" when talking about fiat).
Bitcoin is NOT a video game thing. It's an investment and a revolutionary technology.

[BTCBinary]

Don't worry about that, they are just some fools who don't even understand what bitcoin really is! You should tell them that he who laughs the last, laughs the best. And believe it, because when bitcoin goes to the moon you will be laughing at them!

[Blawpaw]

they are just idiots. Once bitcoin skyrockets you will be rich and they will stay miserably poor!

[greBit]

Yes, it has happened to me at a small scale. People say "How may Bitcoins did you get today?" in a joke tone, or make weird looks when I tell them I earned some bits (because they think it is too small earning).

But let's just keep on.

It happens with most of us but I gave a strong reply to them when I traded my BTC at the peak I got a good amount of money and now tables have turned and they are keen know about Bitcoin and make extra income.

[mixan]

People will tend to not believe in something that they fear or know nothing about.
If that was 3 years ago I would think you would be the one laughing right now. If you held all the bitcoin you could of received since then. You should have accumulated a fair bit in a span of three years if you have not spent it. It's value nearly tripled since then.

[eternalgloom]

Yeah, I think that it's just better not to mention it in some situations.
Especially when dealing with people who are not at all interested in technology.

[angaper]

Unfortunately I am also facing this same situation although I think this is not a useless labor because at least all of them are already noticed about the great economic changes to come. If they decide not to join this revolution now, it is not my responsibility.

[Sir_lagsalot]

Wait a year and you'll laugh at them, after your investment in bitcoin earns you hundreds.

Some people simply aren't interested in technology, you can't blame them, and they can't blame you when theyre jealous later in life.

Some people just don't know what they're missing, eh?

[Bitware]

So was just wondering has anyone else on here had similar experiences and how did you deal with it?   

I show them the price it was at in 2012 and show them the price it's at now, then I smile and walk away and never mention it again until they mention it to me.

[BellaBitBit]

I tend not to talk to much about it.  I have mentioned it and encouraged them to do their own research to determine if it is something they want to pursue.  Just wait though, you may be the one laughing in the end - all the way to the bank

[knightkon]

So was just wondering has anyone else on here had similar experiences and how did you deal with it?   

I show them the price it was at in 2012 and show them the price it's at now, then I smile and walk away and never mention it again until they mention it to me.

I do not think that this will make much of a move for someone like he is explaining.  They seem like they are egotistical, and something like this would just spark the response of "where is all your money then"!

[randomguy7]

I tend not to talk to much about it.  I have mentioned it and encouraged them to do their own research to determine if it is something they want to pursue.  Just wait though, you may be the one laughing in the end - all the way to the bank

Well you can't "win" that, if bitcoin is down it's "I told you so", if it's up you just were lucky. If the people I told about bitcoin back in the days had bought only 10 bucks worth of coin that'd be a quite nice christmas gift now. They still haven't bought any because it's to late anyways (wish I could buy more of that to-late coins now).
Whatever, doesn't matter, you can't change people and most simply won't give a fuck about how money works, just enjoy your extra bucks if you're up and the awesomeness of using bitcoin