issues you have with educating friends/relatives. is that if they then invest, and then the price takes a dip. they will suddenly be blaming you for the investment advice.
Their is a different between educating someone to know of bitcoin and telling someone to invest on bitcoin. It's very simple to teach someone the norms of bitcoin, because if somebody know the important of bitcoin it will willingly wish to invest to it.
Investment: telling someone to invest in Bitcoin without the person blame you when the price goes dip, it's basically base on your explanation on investment of bitcoin, if you informed the new investors the risk which is the advantages and disadvantages of investment, and the invest understand you, you can't be hold responsible when the investment goes wrong, because you have given he/ her the necessary information behind the risk of investment, so you can't be held responsible.
Personally I am of the belief that people can do what they want in terms of their investments, but the vast majority of people should be considering taking some action in bitcoin and getting the fuck started no matter the price, and then once they get started, then they can figure out and tailor their strategies to their situation. So the more hesitant and the most skeptical folk would likely be erroring on the side of taking a smaller and more likely a whimpier stance as compared with folks who might be more confident in bitcoin's investment thesis.
I am personally skeptical of introducing new forks into Bitcoin as an investment module due to Bitcoin volatility and not everyone has the balls to withstand Bitcoin market volatility which is the most prominent feature of Bitcoin and since most newbies are either in for a quick bulk others do not have the patience and the motivation to withstand drawback against what their expectation is before getting into Bitcoin. This is why educating people about Bitcoin and trying to know the motivation area before getting them actively involved in Bitcoin investment because not everyone who envies your investment lifestyle is ready to pay the sacrifice you have paid to attain that level, most will want to get the result without paying attention to the demands.
I am saying get the fuck in, and I am not talking about position size... You seem to be talking about position size and assuming that getting in means getting in BIG or to go in blindly and/or not getting your finances and psychology in order first... and it does not..
If anyone gets into bitcoin after the BTC price went up, then they may well be legitimately worried about the price going down, then they would modify their position accordingly and figure out their strategy.. since they would be starting at the potential top of a cycle.
In other words, everyone should be in - as long as they figure out their budget and they are capable of investing.. even if that might ONLY be $10 per week or even less, and if they are whimpy about being in bitcoin, then they should just take a small position size. .something like 1% of their total investment portfolio... and of course, they need to get their shit together first (financial and psychological... I am not going to be responsible for them, even if I am telling them to get the fuck in, .. they are responsible for themselves).
In terms of the finances of anyone, there is a need to have certain basics in order before investing into anything, whether bitcoin or any other investment, and I am referring to having an emergency fund and all of those kinds of basic matters in order before they are even in a position to be able to invest in bitcoin or anything else for that matter. Otherwise they would be gambling rather than investing, and I am not telling anyone to gamble, even though I am telling them to get started and get in, sooner rather than later.
The best time to get started buying bitcoin is today, and the second best time would have been yesterday, but yesterday is no longer available to you. So get started right away.
We can agree to disagree even though I am recommending that everyone gets in... but they are responsible to work out all of their details, including their finances and their psychological details, and I am not responsible if they cannot get their shit together or if they are not yet ready to invest into bitcoin or into anything else..
People have to be responsible for their own finances and psychology, even though I am still going to say that it is a good idea that everyone should be figuring out a way to get into bitcoin sooner rather than later.. to work out their nitty-gritty details.. in terms of the extent to which they have any cash left on a weekly or monthly basis to invest into bitcoin or anything else.. which would be up to them to figure out if they really capable of setting aside a budget .... or else if they stay out of bitcoin completely, and they are too busy to figure out a plan that includes bitcoin contained therein, then they can just have fun staying poor... whether they actually happen to be poor or not.
not financial advice - even though you better get your shit together first...
do your own research
I am not responsible for anyone.. even if I am telling them.. get in.. or at least figure out how to get in- in a way that is prudent, meaningful and fitting for the person getting involved in bitcoin
your milage may well vary
ccmf
have fun staying poor
etc.etc etc.
If anyone who is not into bitcoin might have any questions about how to get into bitcoin or anything like that.. then just ask.. and I may or may not be able to answer all question and it is possible that they might have to do some of their own research in terms of which possible places to look for information and/or how to get started buying bitcoin.
Swanbitcoin.com.. might be a good place to start to research or to start buying bitcoin, yet there are other resources that are bitcoin oriented, too...
Again, I am not telling anyone to get involved in "crypto" or to get into shitcoins.. I am telling them to get involved in bitcoin.. to focus on bitcoin and don't get distracted into shitcoins or confused by the ideas of "crypto".. and to attempt to educate themselves to understand the difference between bitcoin and crypto.. or at least learn what is bitcoin first, so if I do refer them to any possible resources or even send them information, I am going to attempt to give them bitcoin-oriented information and resources to the extent possible.. and I am going to tell them to learn about bitcoin first... but people like to be smarter and like to get distracted into buying shitcoins.. .. and I will try to caution them not to get distracted and to focus on bitcoin first.
