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Question: What was the outcome of this for them?
It was positive. - 8 (32%)
It was negative. - 4 (16%)
I do not introduce family & friends to Bitcoin. - 5 (20%)
They lost money. - 3 (12%)
They made huge profits. - 1 (4%)
They use it every day. - 1 (4%)
They are long-term hoarders, so the outcome is still unknown. - 3 (12%)
Total Voters: 25

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Author Topic: Bitcoin - Friends & Family adoption - Share your experience.  (Read 455 times)
milani
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September 13, 2019, 10:17:02 AM
 #41

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))))

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September 13, 2019, 01:26:44 PM
 #42

Nothing, I always talk about bitcoin and or cryptocurrency to them but they dont have the interest to try, some of them think it was just a bubble and some of them just dont care.

Well at least I did my best to imform them they already regret it when I told them to buy some this year when the price is 3k and now its 10k and they are afraid to buy now on this price.

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September 13, 2019, 03:42:47 PM
 #43

Almost all of my family members know what is cryptocurrency although they don't use it. I had mined some altcoins back in the day, at the beginning, my family members used to ask me what I'm doing. I had to explain them what's cryptocurrency etc. I didn't share with my friend much because cryptocurrency is illegal here. Some of my friends know though, whom I believe. With my presence, one of my friend started mining and had significant profit through holding till last year.
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September 15, 2019, 08:26:01 AM
 #44

Almost all of my family members know what is cryptocurrency although they don't use it. I had mined some altcoins back in the day, at the beginning, my family members used to ask me what I'm doing. I had to explain them what's cryptocurrency etc. I didn't share with my friend much because cryptocurrency is illegal here. Some of my friends know though, whom I believe. With my presence, one of my friend started mining and had significant profit through holding till last year.

Yip, this is a good reason not to share.  I do not want people and specially family and friends getting into trouble, because we introduced them to Bitcoin in countries where it is illegal to use it.  Tongue  The other side of this is a bit more complex, because some people are using Bitcoin in their country to protect the value of their wealth.

They might live in a country with hyperinflation and the value of their currency might be dropping like crazy.. So the logical thing to do would be to park that wealth in a commodity or currency with a store of value. <Most of the countries with weak reserve currencies, will ban other currencies>   

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September 15, 2019, 09:26:49 AM
 #45

I have tried to get people in on 2016 but no-one was interested. Then couple of my friends joined on their own and invested to bitcoin and shitcoins in 2017-2018 on the top. Now they are all broke. Some of them believe that we will rise again, but for some reason they are not interested investing in now though  Roll Eyes

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September 15, 2019, 10:31:31 AM
 #46

My family know about Bitcoin because my income is from Bitcoin and they have nothing problem with it, but some of my neighbor thinking Bitcoin is like Gambling because sometimes they saw me can get money fast from Bitcoin and can buy anything what I want.

Same experience from my end. I don't try to convince anyone about my investment choices, i just let my lifestyle do the talking. My immediate family members are aware of me investing in bitcoin but the neighborhood members aren't so I try to live a lifestyle that's different from anyone else in the neighborhood for example, I don't visit our local bank like everyone else does. I use bitcoin for my shopping and grocery. 

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September 15, 2019, 02:16:21 PM
 #47

Me and my friends are into crypto. I mean our peer, and we all agree that it has a positive impact on us. Although there are circumstances that we also experienced losing but it's all part of it. So we just accept it though it's disappointing but we still continue. My family also know about this and I even ask my sister to help me at some work.

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September 15, 2019, 02:31:51 PM
 #48

My family thinks cryptocurrencies are some magic where the money comes God knows from where and suddenly goes up and down .

Unfortunately my father and mother haven't tried it themselves thus it doesn't matter what they say .

- my brother on the other hand invested but at a wrong time and he is not a long term holder thus it was indirectly his fault not Cryptocurrency's

Most of my friends ask me about bitcoins and always their opinion is positive , but then again everyone have a personal basis .

What matters is what we think about it .
Low knowledge creates problems and problems makes us think that this thing that they are investing in is a scam or weird , you need a certain amount of time and experience to actually say something about it is what I think.

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September 15, 2019, 03:02:44 PM
 #49

i dont formally introduce bitcoin/cryptos on my family or friends because im too shy and in my mind what if they are going to laugh at me and call it as a scam ? i have the same experience before where i introduce some system that can make you earn some cash online but no one believes me and their first impression was calling it a scam  .  however in the case of btc it turns out that im wrong because this time people around me are impressed when i say that im earning a few bucks thru it  . now they also want to learn  

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September 15, 2019, 04:03:37 PM
 #50

my mom know im into bitcoin and she like it more than me lol.she is monitoring btc, inform me bitcoin's moves.dad is oldschool so i didnt want to tell him.i appreciate my mom.love you Smiley

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September 15, 2019, 04:11:23 PM
 #51

Can I consider "not introducing" as neutral like they were like "meh" of it. They just didn't seem to react in the way that they're quite curious of it and are interested to learn from what I had told them before. I wish they could be investing soon though, I am kinda looking forward to dig in deeper to crypto with other people so it's like an interesting discussion with them over a cup of coffee or a mug of beer on our speculation of the market. From how innovated crypto is mostly used in our country, it seems likely that they might invest in it soon enough.

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September 15, 2019, 04:17:42 PM
 #52

I introduce some persons to bitcoin in 2017, a lot of them made a good profit from the price spike of 2017 market boom. Sadly I loss my pastor's money by converting his bitcoin to ICO and some useless altcoins when I saw bitcoin dumping. It was a bad one. I hope to pay him with my personal money when I have the money to. Currently, I teach people bitcoin but will first tell them about the risk and never help anyone to manage their funds. They will have to bear the responsibility of watching over their bitcoin.

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September 15, 2019, 04:37:03 PM
 #53

I had better and worse experiences with introducing my friends to Bitcoin. Some did great and in time became hodlers and some tried trading and failed. None of them had any real issues with me they all treated their gains and losses as their own achievements or mistakes.

I felt bad for some of them because I wanted them all to succeed but if someone goes all in when I tell them not to and then panic sell without even asking me for opinion it's their problem.


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derdemo
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September 15, 2019, 08:52:08 PM
 #54

For me it was positive. My wife is working in this market also.
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September 15, 2019, 11:30:37 PM
 #55

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.  Roll Eyes

Can you share your experience with the forum and how this turned out for the majority of them. Did they buy bitcoins as an investment or did they buy bitcoins to use it as a currency.

If they bought bitcoins as an investment, did they make a profit or did they lose money? Was a possible loss as a result of their own doing or did they ignore your advice?

If they bought bitcoins to use it as a currency, did they have a positive experience or were they disappointed? If they were disappointed, give us some reasons and more detail about that. If the experience was positive, also share with us why they liked it.  Wink  

We can learn from other people's mistakes and also their success, so please share your experience with us.  Grin



Many people I provide information about Bitcoin! They give a negative response. Many do not believe in the results of the crypto world and they assume that it is like gambling. Moreover in my country crypto has not been legalized and it is increasingly difficult to accept in my arch including family and friends.

But with the time that continues to run, slowly they begin to understand because of a lot of advertising on social media about crypto.
But they still do not dare to try to learn more.

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September 15, 2019, 11:34:35 PM
 #56

I introduced bitcoin in my family and some of my friends a few years ago. But they don't want to follow me because they think that is not real for them. I give some advice to them does not work, and they ignore it. In that time, I only say okay, no problem if you don't want to follow me, let me work alone for some time, and we will see the result later. Then I continue to get involved in bitcoin.

And then in 2017-2018, when bitcoin reaches the very highest price, I made a lot of money because I sell my bitcoin in the right time plus I made some big profit in bitcoin by selling most of my altcoin which increases too. Later, I send my profit into my bank account, and I show it to my family, they only say, "Where do you get that money? Did you make some illegal thing?

I explain everything to them, that is because I made a profit from bitcoin. I don't force them to follow me, but I let them decide what they want to do, and they will know about the truth in the end.

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September 16, 2019, 12:01:27 AM
 #57

In my opinion, telling people to buy bitcoin is a terrible idea, as any other investment advice.

If they lose money, they will blame you. And they probably will. Anyone who seeks for investment advice is going to lose money, because nobody that know what they are doing would ask for an investment advice.

What I do is to tell about BTC, and say that I invest in it. I tell about it, but most of the people have the completely wrong idea about it. I try to give them a more precise idea about what Bitcoin is, why it is important and why so many people buy it ( and no, it is not to make quick money).

I try to tell about decentralization," digital gold", buy anything with pseudo anonymously, freedom, etc.

It is not at all a bad idea for as long as you educate them properly. Bitcoin is not as simple as what other people may think so as bitcoin enthusiast it is your task to properly educate possible investors what is bitcoin, it's benefits, it's advantages and disadvantages and how it really works. I think if you have presented all these things to them then they will not blame since you have provided them valuable information of what bitcoin really is. For me, it is how you educate your family and friends about bitcoin because if you provided them all the information for them to think about if they will invest or not then no problem but if you are the person who will just inform possible investors that you can get big money in bitcoin right away then that's were the problem begins. Sure it is true we can get big profits but not all the time because the price is very unpredictable it's not always green.
On the other hand, I don't share it to my family members but some of my friends know it but they are not that interested in bitcoin as a whole because they see it as a scam. Thus, I don't really bother educating them. Cheesy

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September 16, 2019, 02:36:59 AM
 #58

Maybe for me it is positive. Because my family didn't really understand what Bitcoin is, lol. Maybe neutral?

But I have this one member of family before that using Bitcoin in some HYIP before so he even borrowed money to our relatives just to put in that HYIP and boom, rekt! He got scammed and maybe in that incident, some of my family members thinking that Bitcoin is negative.





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September 16, 2019, 04:28:50 AM
 #59

By looking at the results I show to friends and family.
Slowly they were also confused and even they started to ask me.
I also explained to them that these results from working online.
From this online job is actually a lot of potentials that we can arrange to make money.
I then explained that there is a large industry using Blockchain technology.
At first, they were hard to accept my explanation because it was complicated.
They are now starting to be able to produce from crypto coin trading.

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September 16, 2019, 05:32:42 AM
 #60

For me it was positive. My wife is working in this market also.

Great! at least you have someone to turn to when things went wrong.
as for me, I'm all alone in my family who knows how this industry runs
I don't wanna give them a complicated explanation as they are going good with their businesses.
Cryptocurrencies are not for them.

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