Bitcoin - Friends & Family adoption - Share your experience.

[rmilly]

I feel like my parents are still generally confused no matter how many times I have tried to talk to them. Does anyone else agree?

[jaocoincrypto18]

I usually shared the Bitcoin investments way back year 2017 in which Bitcoin is in bullish then many of my friends and relatives really joined the crypto investments but now that the market is still in bearish most of them quit and shifted to none crypto investments so for now i did not invite my other friends as i believe that the current market performance will be an unattractive to them.

[ethereumhunter]

It is not easy to introduce bitcoin to other people because not all people can have an open mind for something new that they don't know. I already tell some of my friends and my family, but they don't want to know more about bitcoin, and I don't explain deeper about bitcoin. I let them know bitcoin by themselves because you know what, explaining to other people will be a waste of time if they don't have any interest in the new technology around them. So now, I keep myself busy with what I like, and if they come to me and want more explanation about bitcoin, then I will explain to them.

[Kakmakr]

I see a lot of people commented that they do not prefer to introduce Bitcoin to friends and family and there are nothing wrong about that, but what if this goes to the Moon and you never gave them the opportunity to decide if they wanted to invest in it or not.

One of my friends got into a discussion with me over Bitcoin once and he was totally against Bitcoin, because he read a lot of negative things about it on the Internet. I debunked most of the negative things that he read about, by simply showing him the facts and the other side of the story. He then invested some money and made a 755% profit in one year, which paid for his outstanding balance on his Bond and also for the the cash payment for a new car.

Let them decide, do not force it onto friends and family, just give them the correct information. 

[Diirtmaan]

My family is such conservative people who think Bitcoin is a financial trap. They do not trust this, remaining adherents of banks. I really try to convince them, showing on real occasions that this is better. Fortunately, my brother began to believe me and is now trying to figure out trading, I think this is a huge achievement!

[Lucius]

I feel like my parents are still generally confused no matter how many times I have tried to talk to them. Does anyone else agree?

If your parents are old people they probably have a hard time understanding something like Bitcoin, this is not uncommon, older people usually find it very difficult to adopt new technologies. Just imagine that you are used to paying cash all your life, then some plastic cards come, and you have to get used to them. Now we have Bitcoin which is something else entirely, older people will mostly stick with traditional banking than to experiment with something new.

However, some things should not be too difficult to understand if they are explained in some simple way. From where Bitcoin is coming, how to send / receive transaction, what is coin address and what is private key / seed.

[eternalgloom]

I've introduced dozens of friends to Bitcoin, most of them do not use it daily, but they do have some Bitcoin stored away for the future.
However there are a couple who are now well into Bitcoin and use it pretty much daily.

They're using it for online shopping or ordering food (which is very easy here using Takeway.com).
I have no idea how those people made the switch from using fiat to Bitcoin so easily, I've never really explained it a lot to them, just mentioned it in conversation basically.

My family is a different story, I've mentioned it countless times to them, but they never really got into it.

[fullhdpixel]

I have evangelized really for bitcoin in the little time I think and I would say that most of the people I have invited into it has really benefited a lot from the adoption, both as currency and as an asset, the time invited them was actually a great tome, and that was shortly before value started skyrocketing that 2017, and it was just like a magic for them.

Some of them pulled out before the price could reach the peak as they have never seen such increase before, though at one point, I made some mistakes, I got carried away and invite someone I had been skeptical about inviting at the late end of the surge, and that was my mother in-law, she picked interest and I bought bitcoin for her when the value was almost $20k, and we are stuck with her investment now.

[leftgirly]

I quite remember, I introduced bitcoin to a  friend who had absolutely no idea about what bitcoin is. After explaining a brief overview on bitcoin, he was finally convinced  to buy some bitcoin and keep. For him, he was too anxious to see a a huge profit on his holding within a short period of time. Unfortunately for him, he ended up disappointed at the end of the day as the price of bitcoin kept dropping after buying his bitcoin.

[target]

My brother did buy BTC as investment, he already have gained since the price was 6K when I ask him to buy. I also told him to buy Tezos, he keeps telling me he is going to sell Tezos but told him to just hold it since he isn't a traders after all and stick to his day job while just holding his BTC.  He likes what he is seeing now and look at me like a hero. I wonder how he'd look at me if the prices will be into -80%.

[Upgrade00]

I have introduced lots of friends and families to Bitcoin and cryptocurrency in general.
I usually get the most interest during the bull market when those looking for a quick bucks try to get in.
But most of my family member have gotten ingrained with the concept and have almost perfected the art of trading and also the usefulness of cryptocurrency.

Adoption is still low in my region

[Slow death]

I've had a lot of headaches in recent months and the reason for my headache was as follows:

someone came to my house and I think they must have seen the binance site open, so that person thought that I do forex and that person spread to many people in my neighborhood that I do forex, every time I go out they ask me to teach them how to do forex and I always answer, "I don't trade forex..." and until I got tired and told one of these people that I bought bitcoin and sold when the price increased a lot. I thought I was doing something good, but I was naive. What this person I told him who bought bitcoin did was think that he would get very rich fast and would travel to every country.

talking about investment and business often induces others that everything will be easy, that they will make a lot of money fast

[Mahanton]

I've had a lot of headaches in recent months and the reason for my headache was as follows:

someone came to my house and I think they must have seen the binance site open, so that person thought that I do forex and that person spread to many people in my neighborhood that I do forex, every time I go out they ask me to teach them how to do forex and I always answer, "I don't trade forex..." and until I got tired and told one of these people that I bought bitcoin and sold when the price increased a lot. I thought I was doing something good, but I was naive. What this person I told him who bought bitcoin did was think that he would get very rich fast and would travel to every country.

talking about investment and business often induces others that everything will be easy, that they will make a lot of money fast

Same situation we do have here mate but on my case there was no able to see on what im trading but the news came out to my neighbors that ive been trading forex which isnt definitely true.I dont know where's the source but i highly suspect that one of my family members might told some neighbors about my trading activity.
They do get that impression on becoming rich since they do able to see that i had a car and some business which they do believe that they might able to attain such similar status of mine if they decided to trade and time comes they do really come to my house with confidence and asking my about this forex trading secret.

[eaLiTy]

So, all of us had at one stage, introduced some family member or friend or work colleague to Bitcoin and at some time they decided to buy some bitcoins. Many of these people trusted us as the "expert" in the field of Bitcoin, but we do not have control over the future of Bitcoin and the final outcome of this decision.  

I have introduced many people to bitcoin in the past and conducted many seminars about scammers in the market who prey their customers in the name of bitcoin and lure them to invest in their shit coins, many fell victims for those scams when i met and they already had a bad impression on the bitcoin market and to make the middle class understand is a hard task, i stopped advising people about investment when the market went down drastically and some have invested when the market was rallying without my knowledge and ended up in a loss and they started sharing their losses and misadventure which hurted me. My family members are long term holders and they are experienced enough in the stock market and they understand the market very well.

[drumamat]

That summer, I met a friend who has been living in another country for a long time. We drank a glass of beer and I told him about bitcoin. Literally a week later, when he flew home, he bought himself 1 bitcoin as an investment.The price of 1 bitcoin at that time was about $4000.I was surprised when he called me and thanked me for what I recommended.Yes, he sold bitcoin for$ 11,000 after 1 year.

[vintages]

Most of my family knows about cryptocurrency particularly Bitcoin.
But one thing they seems not to understand is why the prices keeps fluctuating.
To them, they expect the price of Bitcoin to always increase in a constant flow, even when I have explained the reasons behind it to them. They always ask me about the recent price of Bitcoin sometimes and won't hesitate to tell jest me when the price dumps. They are very understanding though.

[Kakmakr]

That summer, I met a friend who has been living in another country for a long time. We drank a glass of beer and I told him about bitcoin. Literally a week later, when he flew home, he bought himself 1 bitcoin as an investment.The price of 1 bitcoin at that time was about $4000.I was surprised when he called me and thanked me for what I recommended.Yes, he sold bitcoin for$ 11,000 after 1 year.

Glad to see that it is not just doom and gloom out there. Only a small percentage of my family and friends made a profit from Bitcoin so far, because many of them only jumped in when the price was already too high. <They went against everything I told them and bought bitcoins when it was at it's peak.>

A lot of them could not hold out any longer, so they sold the bitcoins at a loss and luckily they did not blame me for that, because they took the responsibility for their own actions.

We can only take a horse to the water, but we cannot force it to drink. 

[peter0425]

I voted for 2 because those are the legit and applicable to answer

—The first is “They Losses “because I believe this is a normal for every investors specially when we are starting in this volatile market

—Second is “Positive for them” because even if they experienced losses at first but yet they continue to invest and not gaining from it and feeling the future of domination from cryptocurrency


One thing is I believe no one here will answer negative because if does those person should not be here till now

[Japinat]

I voted for "They lost money."..

I have been telling them about BTC before 2017 because I saw and I believe on the potential, but they didn't believe me, they only believe when BTC was already pumping during 2017 which was the time where the bull run happens, they bought at that time, finally they listen, but the sad thing is that they loss their money because they invested at the wrong timing.

Its suppose to be buy the dip, sell in the peak, they did the opposite, and they sold because they panic, good thing they didn't blame me at all.

[milani]

I think that it is typical situation when there are friends or relatives that bought something or are just interested in crypto and some that are just on the contrary do not accept even the thought to invest in it, because they consider crypto and Bitcoin itself to be the pyramid or fake thing and so on. So among my friends and even collegues are people that even got good profit from BTC or some other coins, some people lost a lot, and there are some people that still recommend me even not to try buy crypto, that is why they still do not know about my crypto interest))))