I Taught a Pastor Friend on Bitcoin.

[PX-Z]

Tomorrow in the Sunday prayer he'll talk about it as like he knows everything about bitcoin (nothing offensive).

He will talk about it as if he knows everything about bitcoin and he will also say the spiritual aspect of it which might not exist.

Assuming things especially about the worst or anything even though you don't really know the whole story is where FOMO and FUD starts.

As for OP, i hope you don't teach that friend of yours only about investment and prices. Bitcoin has much more interesting things to teach not just it's current and future value.

[Asiska02]

I received a call from a pastor friend today and he told me that he want to learn about Bitcoin and I told him to come to my house and he came, and I taught him about Bitcoin.
The first thing I told him was the meaning of BTC and the reason of creating Bitcoin by Satoshi Nakamoto, which was to remove 3rd party control of funds.

It's great that you taught your pastor friend about bitcoin and further described the market to him so that he understands what is at stake and what he stands to gain regardless of how the market trends proceeded. One thing I'd recommend you do for him is tell him about his keys, the distinction between public and private keys, and how secure he should keep his private keys in order to keep his assets safe. Not his keys not his coins. I’m sure you didn’t open an exchange wallet for him so that he’ll have control over his funds.

[lovesmayfamilis]

OP, I think you read the posts of your colleagues who told how they taught bitcoin to their students or people attending church; there were many similar stories. Another important aspect of these stories was their variety of merits. Why does it seem like fishing is everywhere to me?
I'm being ironic, OP. Of course, you are great, but you have not done anything that each of us would not do. In fact, it is normal to tell your surroundings about bitcoin, if, of course, they are interested.
But yes, if you want to impress users more with your big work, you need to provide a bunch of photos, just like your fellow teachers do.

[blockman]

Good job on helping your pastor friend to purchase his first-ever bitcoin holding. I think that once he's all set and understands everything, he'll go crazy and will buy as many as he can.
It doesn't really sound good when a preacher involves with money matters and followers will think differently if he starts talking about it. But anyway, regardless of that, I wish him all the best and hopefully that he's going to be with us whenever the market goes back again on bull mode.

[lizarder]

Great job imparting something useful to others, but you should be able to ensure that the person you are teaching has a complete understanding of bitcoin and how to invest. Because naturally almost everyone already knows Bitcoin well, but there are many technical things that have not been understood perfectly.
Needs special scrutiny if the OP wants to see the person thrive in investing, but if it's just a casual introduction I'm afraid it's only temporary and won't have any future benefit to the person.

[kryptqnick]

I received a call from a pastor friend today and he told me that he want to learn about Bitcoin and I told him to come to my house and he came, and I taught him about Bitcoin.
The first thing I told him was the meaning of BTC and the reason of creating Bitcoin by Satoshi Nakamoto, which was to remove 3rd party control of funds.
And also the risk that involve in investing in Bitcoin. I told him the example of the present bear market. "Now if you invest in the price rate of $16k and the bear decline again to $10k or below which was predicted. And you want to use your cash at that time, then you become a loser in the investment. But if the price goes up to $20+ price then you make profit from the investment. Then I told him to go for a long term investment and he accepted the explanation and used $20 to start the investment. He is still  under my coach.

I'm happy that you have a friend who wanted to learn about Bitcoin and that you told him reasonable, not bullish, things. Long-term investment in Bitcoin is reasonable, but only if a person believes that previous patterns will continue to hold in the future and that Bitcoin will eventually recover from the current dip and restore its former glory. Of course, it's perfectly reasonable to believe that it won't happen because we don't know the future and the future does not necessarily repeat the past. I hope your friend realizes that as well.

[Oceat]

I received a call from a pastor friend today and he told me that he want to learn about Bitcoin and I told him to come to my house and he came, and I taught him about Bitcoin.
The first thing I told him was the meaning of BTC and the reason of creating Bitcoin by Satoshi Nakamoto, which was to remove 3rd party control of funds.

It's great that you taught your pastor friend about bitcoin and further described the market to him so that he understands what is at stake and what he stands to gain regardless of how the market trends proceeded. One thing I'd recommend you do for him is tell him about his keys, the distinction between public and private keys, and how secure he should keep his private keys in order to keep his assets safe. Not his keys not his coins. I’m sure you didn’t open an exchange wallet for him so that he’ll have control over his funds.

It might take some time to absorb all of that information since learning and understanding about Bitcoin and everything won't happen overnight. I'm sure the pastor will have some questions too after giving all the information he needed but just like me in the past it takes some too to fully understand how Bitcoin works.

It's a great idea though by sharing their ideas to the other if only they are willing to learn and listen to what you have to say. Kudos to you OP for doing that and always support those who really want to learn it's a great help to the community for spreading awareness and adoption too.

[Fivestar4everMVP]

I received a call from a pastor friend today and he told me that he want to learn about Bitcoin and I told him to come to my house and he came, and I taught him about Bitcoin.

Well, sorry to say but I think you are disrespectful for asking your pastor to come to your house  , but that's by the way.

The truth remains that bitcoin is here to stay, and it is currently one of the best investments for those that will be patient, it is not a get rich quick kind of investment and I think this is where alot of newbies get it wrong, but hopefully, the pastor already know this and won't be in a hurry to make profit..
I wish him all the best of luck, and I hope you bring him to this forum to join us, there is a lot he will learn from here.

[South Park]

I received a call from a pastor friend today and he told me that he want to learn about Bitcoin and I told him to come to my house and he came, and I taught him about Bitcoin.
The first thing I told him was the meaning of BTC and the reason of creating Bitcoin by Satoshi Nakamoto, which was to remove 3rd party control of funds.
And also the risk that involve in investing in Bitcoin. I told him the example of the present bear market. "Now if you invest in the price rate of $16k and the bear decline again to $10k or below which was predicted. And you want to use your cash at that time, then you become a loser in the investment. But if the price goes up to $20+ price then you make profit from the investment. Then I told him to go for a long term investment and he accepted the explanation and used $20 to start the investment. He is still  under my coach.

Try to teach him all what you can about holding his own coins and use the massive collapse of FTX to illustrate your point, now this may scare your student about the risks of investing in this market, but in my opinion this is not a bad thing, because if I had to choose between an overconfident newbie and a newbie which was always with their guard up and predict who will become successful, I will choose the latter over the former every single time.

[Issa56]

I think it's really a good idea, probably very soon your pastor will also ask you to teach him about bitcoin, but I notice you didn't tell your pastor's friend about wallet security, it's not all about buying but we should teach people how to hold it and how to secure it, we should teach them how to create a wallet address because you have to discourage your pastor's friend from leaving his bitcoin on exchange and also you have to teach him how to secure his private. Private key is not what you can recover if you lose it so it should be properly secured.

[BitcoinPanther]

I received a call from a pastor friend today and he told me that he want to learn about Bitcoin and I told him to come to my house and he came, and I taught him about Bitcoin.
The first thing I told him was the meaning of BTC and the reason of creating Bitcoin by Satoshi Nakamoto, which was to remove 3rd party control of funds.
And also the risk that involve in investing in Bitcoin. I told him the example of the present bear market. "Now if you invest in the price rate of $16k and the bear decline again to $10k or below which was predicted. And you want to use your cash at that time, then you become a loser in the investment. But if the price goes up to $20+ price then you make profit from the investment. Then I told him to go for a long term investment and he accepted the explanation and used $20 to start the investment. He is still  under my coach.

Just interesting though that a pastor, a man of God is very interested on bitcoin?

Anyone can be a man of God, not only a pastor, more often than not, many who suppose to be a servant of God often take advantage of his follower and exploit them and suck them dry  . ( I am not talking about the Pastor friend here, just stating my observation in general)

Perhpas he has heard about it from someone or from you and just decided to go and invest today. And the timing is just about right, we are in a low $16k'ish. So that is very cheap. And don't get me wrong, I've heard some church personalities have a lot of money from donations and if they are wise enough, then maybe investing in bitcoin is the way to do. Good luck to you and your pastor friend, it's really a win-win situation for us right now. And as you have said, it's better to go long term or at least wait till the next bull run if he plans to sell.

Pastors has still personal needs, in a small community, donation of the followers may not be sufficient for the pastor so he is looking for another way to earn funding either for his personal need or for the church's needs.  And possibly this time @OP had influenced his pastor friend to try Bitcoin investment.