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Author Topic: I have started teaching Bitcoin to my Neighbors  (Read 1912 times)
Mate2237
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December 14, 2022, 04:19:45 PM
 #161

I'm glad that so many friends have joined the crypto world because of your introduction.
But I want to tell them that bitcoin is not going to help them get rich quick, and I hope they won't be disappointed.

It should be one of the lectures or advice that he will tell to his neighbours as we all know that when we say bitcoin, it is we get rich immediately because of its price, so they should be aware of it, or the lecturer will say about it, I am sure they will know it over the time when they continue their bitcoin journey. I am hoping they will continue learning as that is the stepping stone to start learning bitcoin, and eventually, they can earn profit soon. It could help them financially and also gain some knowledge of it that they can use in the future.
People must join but let them not put it their mind that bitcoin is a quick rich system. And anyone that's joining bitcoin also know the risk in it. Those who are patient enough can come into bitcoin and make money from it. The bear market is not just one week but months to stay.

Teaching people on bitcoin is a nice thing, I also join others to appreciate your effort. But one thing you have to know about this cryptocurrency teachings is that when there is a failure from the recipients end, your are to blame, that is most people do. Their failure is always on someone.

Just teach them and go, don't invest for them, though you can teach them how to invest if you known it but don't invest for them because that is where the problem always comes from.









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serjent05
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December 14, 2022, 08:08:36 PM
 #162

If the other party is interested, you can teach them. Don’t teach others about cryptocurrencies if they are not interested. Although your starting point is very good, you can let more people understand Bitcoin and understand the cryptocurrency market. The cryptocurrency market can make you money and it can make you lose money. Be sure to clarify this issue before they enter the cryptocurrency market. Otherwise they will blame you after losing money.
What you say is very true, because I have seen a teacher of something who was ultimately blamed when there was a sudden disaster in what he had taught others. And for examples of cryptocurrencies that have been widely circulating in the market, I think it is very suitable to be given an understanding in as much detail as possible so that those who teach them are not blamed in the future.

Because those who want to learn to make money through the cryptocurrency market must be able to take a wise attitude and make the right decisions before they enter the market. Because it's all based on his own heart's desire, not on the basis of coercion from others.
This is why I think it would be better to disclose the risk first before you fill them with the advantages of something. It would be much better for them to be exposed of the danger than to be eaten by the good things on their early stage, because it might make them greedy or create an impression to them that it would be easy earning profit in this industry. We've came across investors who regret engaging to this industry simply because they are not fully aware of the risk. If you are interested into something you should see both good and bad sides before deciding whether to continue or not. To be one sided means you are endagering your wealth as well.

I agree i had been blamed by someone I told BTC about.  Though I told him about the risk but because of his excitement, he did not pay attention and jumped into the Bitcoin market when it was in peak.  Later when the Bitcoin price collapsed, he blamed me for making him engage in a losing investment.  I told him that I already warned him about the risk but my fault is not emphasizing it. So whenever we speak of investment or introduce one, we must emphasize the risk more than the benefits the guy can have.

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December 14, 2022, 10:44:46 PM
 #163

Beginners in BTC investment should be told about the ups and downs of BTC price so that they can finally make up their own mind if they are to invest or not. The awareness of BTC is spreading and no matter any challenge that the cryptospace is facing OP,you are putting effort to cover-up that cryptospace which someone abandoned by teaching your neighbors BTC awareness. Make sure you guide them properly so that any of them that is interested in investing can secure his investment properly,also let them know about not keeping their investment in an exchange.
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