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Author Topic: Have you recommended Bitcoin to your friends or family?  (Read 487 times)
SilkDao (OP)
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August 14, 2018, 01:59:11 AM
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 #1

Recently, I introduced Bitcoin to my friends. Some friends accepted it with pleasure, but some told me that Bitcoin is a bubble.
So, I wanna know whether you have ever  recommended Bitcoin to your friends or family?
santosmichael
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August 14, 2018, 03:57:11 AM
 #2

Yes i have, but to my main family and close friends only.

I said "there is a digital currency and will be bigger in millenial era right now. Because almost everything is going to be digital, conventional currencies will be left behind.
So now its good chance to join or invest in Bitcoin because it has great future.
And if you want to study, you can study while you can earn money from doing some campaign or bounty in here."
Then they are very interested.  Grin
kiemnhieutien
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August 14, 2018, 04:03:11 AM
 #3

I won't because crypto market is full of risks and if they join this market and lose funds, they will blame me. I don't want to become a sinner.
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August 14, 2018, 04:05:55 AM
 #4

Nope. Never "recommended" bitcoin to my family and I will never will(if you're talking about me recommending them to invest in it). I only mentioned it once and explained it's advantages over fiat and that's pretty much it. No need to shove bitcoin down their throats. If they're interested enough, they're going to look it up online.

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jossiel
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August 14, 2018, 05:32:23 AM
 #5

I told my family and friends about bitcoin but I didn't encouraged them to invest to bitcoin again. I advised them to get somehow even a very small fraction of it.

But because after few days they showed no interest on it, I stopped telling, convincing and mentioning bitcoin to anyone.

We do have the appetite to that this very risky market but we can't tell if the person we're talking is ready to do whether they are our friends or relatives.

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August 14, 2018, 05:49:39 AM
 #6

No, when I used Bitcoin for the first time, I was recommended it to my friends, but now I would rather know about it after it is approved as a currency in my country.

One of the most important advantages of Bitcoin is the speed, low fees, and international transactions. All these features are not what my family and friends are looking for.
So the situation is different from one person to another but I do not advise you to tell them about Bitcoin as an investment or quick profit.

Also, you must have convincing reasons for decentralization, mining, who controls it, why its price high, and some technical aspects before recommended.

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Gaselemeg
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August 14, 2018, 06:56:13 AM
 #7

I won't recommend such things to friends and relatives. This market is extremely volatile and losing a decent amount of money is easy here. Guess who will be to blame if this happens?

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August 14, 2018, 08:18:15 AM
 #8

I'm the only one enthusiastic about bitcoin here at work and my colleagues seem uninterested at the moment which I believe is also my fault of telling them the roller coaster ride I am in.
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August 14, 2018, 08:35:21 AM
 #9

I will talk about cryptocurrencies in my usual gatherings with my friends, but I didn't encourage them to participate in the investment because I know it is full of danger!

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August 14, 2018, 08:56:54 AM
 #10

Recently, I introduced Bitcoin to my friends. Some friends accepted it with pleasure, but some told me that Bitcoin is a bubble.
So, I wanna know whether you have ever  recommended Bitcoin to your friends or family?
No, because i don't want to get heat when they invest and price will go down. I don't need trouble and to be blamed.
Im talking purely about it on something new/interesting basis.
TheCryptoTrader
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August 14, 2018, 10:28:13 AM
 #11

Yes, I have recommended almost dozens of peoples in September and when they make profits they thanks me a tons.  Grin but now they all are in loss Cheesy
CrawlerPsych
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August 14, 2018, 10:37:58 AM
 #12

I won't tell anyone what they should do with their money. They will hate me in the first place if they loose.
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August 24, 2018, 02:34:54 AM
 #13

I have mentioned it briefly to my wife, but she is not particularly interested in it at this point. I think she probably thinks of it as just a little hobby of mine (and she is probably right in that regard). I have told her that I need to sit her down and show her how to access my hodlings in the event that something should happen to me. There isn't much there at this point, but who knows what it might be worth in another 20 years? My goal is to slowly accumulate what I can and hopefully have it increase in value and usefulness as more and more mainstream acceptance takes place in the coming years. But most of my investing will probably come from a little bit here or there rather than any large individual influxes of cash.

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Juggy777
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August 24, 2018, 02:54:40 AM
 #14

Recently, I introduced Bitcoin to my friends. Some friends accepted it with pleasure, but some told me that Bitcoin is a bubble.
So, I wanna know whether you have ever  recommended Bitcoin to your friends or family?

Hey yes I had recommended bitcoins to my family and friends, I had recommended it when prices were at 1k and some sold for good profits, some hodl it yet. Like you have experienced some will accept it with open hands, and some will be pure skeptics. There is a way to win over those skeptics, show them initial prices, examples of people earnings, and best of all lend them dollars in bitcoins so they can experience it first hand.
Michelle_Wood
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August 24, 2018, 03:34:00 AM
 #15

We must promote cryptocurrencies. The more they are popular, the better. It will have an impact on the market and this is important. Talking about it with people we know is easier. Moreover, we must not stock talking only about the profit, but the whole system. The blockchain technology has a lot of advantages. People should be aware of that and this could be useful to them. Do not hesitate to promote Bitcoin to people or to explain to them how to earn with it. The more people are in it, the more we can all earn.
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August 24, 2018, 06:50:10 AM
 #16

You should always explain the risks associated with Bitcoin investment to your family and friends, before they invest in a high risk investment like Crypto currencies. I was lucky enough that my family and friends approached me for Bitcoin investment advice, so I did not have to approach them.

I am not saying that you should change your strategy with anyone else, outside of your circle of friends and family, but you risk a lot more, if you give bad advice to people in your inner circle of family and friends.

Always tell them that Bitcoin and Crypto currency investments are still experimental and a high risk investment.  Wink

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August 24, 2018, 07:23:45 AM
 #17

I talked to my family and my good friends about the cryptocurrency, but I didn't recommend them to invest.
I just told them that this is a new type of investment.

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August 24, 2018, 07:35:33 AM
 #18

You can recommend to buy btc when the price is low (for example, now I think is a good time to buy) and if the price goes up you become a hero. On the other hand if the price falls even lower they will hate you until the end of life.
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August 24, 2018, 07:51:40 AM
 #19

In my case i only taught  my family and friends on how to earn bitcoin by joining into different programs like airdrops and bounties  but never encouraged them to invest in it.
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August 24, 2018, 07:59:29 AM
 #20

I have recomended to some friends that try to get
More knowledge about Bitcoin and blockchain.
But i never recomend to they buy Bitcoin or another
Altcoin. Its too volatile and if something went wrong
They Blame me eventually.
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