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ThatDGuy
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June 10, 2013, 06:38:51 PM |
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Told them repeatedly last summer around $5, noone listened.
Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now? |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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June 10, 2013, 06:51:22 PM |
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Told them repeatedly last summer around $5, noone listened.
Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now? I can answer for him: yes they did. They probably see him as a genius, wake up, he told them to buy at $5, BTC just went to $266. Been there, seen that. They are probably throwing money at him for him to buy BTC, right now. |
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zachcope (OP)
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June 10, 2013, 07:40:08 PM |
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My banker brother could not understand it last month.
Many of those in that sector are too closed minded to see the true picture.
A generation of intelligent people lost to banking but unable to think creatively.
Their minds and talents should be creating true value in other industries.
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ThatDGuy
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June 10, 2013, 07:49:33 PM |
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Told them repeatedly last summer around $5, noone listened.
Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now? I can answer for him: yes they did. They probably see him as a genius, wake up, he told them to buy at $5, BTC just went to $266. Been there, seen that. They are probably throwing money at him for him to buy BTC, right now. That seems to be the pattern! There was one guy in my office talking about it back in October 2012 and I was unfortunately dismissive of him as well. |
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BitcoinMoxy
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Activity: 119
Merit: 100
BitcoinMoxy.com
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June 10, 2013, 08:37:23 PM |
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They should just look at all the relevant information and decide for themselves based on a need and want estimation.
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Coinseeker
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June 10, 2013, 09:38:15 PM |
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I would only recommend Bitcoin to family if they wanted to come in and make a quick buck. Otherwise, I'd recommend something with a better shot at long term viability and worldwide adoption, like Ripple. In fact, that's exactly what I do.  Fortunately I'm not in the Ewing family so wouldn't shaft my family with that ripple crap.  I'm sure similar things were said about Bitcoin. Hmm...more for me....choo choo!  |
If your ignore button isn't glowing, you're doing it wrong.
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nimda
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June 10, 2013, 09:53:33 PM |
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Told them repeatedly last summer around $5, noone listened.
Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now? This was me, too. After the crash from $250+, I actively discouraged them from investing (different from using) until they had read the whitepaper. |
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bb999
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Activity: 70
Merit: 10
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June 10, 2013, 11:44:32 PM |
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My banker brother could not understand it last month.
Many of those in that sector are too closed minded to see the true picture.
A generation of intelligent people lost to banking but unable to think creatively.
Their minds and talents should be creating true value in other industries.
The money was too much to dissuade smart individuals from going into banking. Thankfully the number of jobs are declining and all the people finally freed from the grip of finance employment can put their talents to better uses. |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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June 11, 2013, 02:35:29 AM |
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No, But by giving away Paper wallets worth $20 in 2012, and explaining the concept, it had the same effect as recommending when they went up in value.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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saveawedge
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June 11, 2013, 02:48:02 AM |
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My parents have got a 8 bitcoin in a cold wallet. I wouldn't advice anyone to buy BTC if they couldn't secure their bitcoin themselves.
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ThatDGuy
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June 11, 2013, 02:51:30 AM |
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My parents have got a 8 bitcoin in a cold wallet. I wouldn't advice anyone to buy BTC if they couldn't secure their bitcoin themselves.
This is a really good point, and currently security for BTC is not trivial - especially for more of a mass audience. Kudos to your parents for having a cold wallet!! |
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LinuxNut
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Merit: 10
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June 11, 2013, 02:57:10 AM |
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I have seen how people in my family use their computers, it would not be the best idea.
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halfawake
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June 11, 2013, 08:10:36 AM |
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I already did encourage a friend of mine to buy BTC but he decided to pass and go with more vanilla stocks / mutual funds instead. It's understandable - there's a lot more to understand with bitcoin than with stock investing, so it's sorta advanced investing. I suspect he'll regret it later on when the price is skyrocketing again, but oh well, I tried.
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BTC: 13kJEpqhkW5MnQhWLvum7N5v8LbTAhzeWj
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Ares
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June 11, 2013, 08:12:40 AM |
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I feel obligated to at least inform them on it (if you don't, how will you feel if Bitcoin becomes mainstream). From there, i'll let them determine whether it's a good investment or not
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Le Happy Merchant
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June 11, 2013, 08:16:20 AM |
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Told them repeatedly last summer around $5, noone listened.
Ouch... out of curiosity, have any of them changed their stance after seeing what happened from last summer to now? I can answer for him: yes they did. They probably see him as a genius, wake up, he told them to buy at $5, BTC just went to $266. Been there, seen that. They are probably throwing money at him for him to buy BTC, right now. That seems to be the pattern! There was one guy in my office talking about it back in October 2012 and I was unfortunately dismissive of him as well. I treat this cycle as a bit of an in-joke. I tell random strangers, and anyone who will listen. If the price goes through the roof again, I look like some kind of mystical genius, if it goes down, nothing lost on my part. |
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worldinacoin
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June 11, 2013, 08:16:58 AM |
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No I won't, they don't understand about Bitcoin and the wild fluctuations, will scare them to death.
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