What do you intend to tell loved ones about the bear market?

[JavasetvenQ]

I will truthfully tell my relatives or friends about the temptations and risks of the encryption market. This is the way investment is. If they can accept the risks, they have to get their share of the meat, but I cannot guarantee that they will be rewarded.

When you say this, I feel more like shirking responsibility. You should tell the other party clearly: Is Bitcoin OK or not? It's not that you have to bear the risk yourself. I have been very consistent with the people around me, insist on holding it, and sell it after three years, and the bull will get more than 10 times the income. Now is the perfect time to get your hands on Bitcoin.

[Pmalek]

Very few people know about my involvement in crypto and I intend to keep it that way. My family knows and only a handful of close relatives. The rest wouldn't even understand it, let alone take investment advice from me. A few friends who I have a long history with know that I am into bitcoin, but they also know I don't like to brag about it and if they have questions for me, they can talk to me about it in private and not cause heads to turn in public.

I have no plans to explain the bear market or bitcoin's volatility to outsiders. My family isn't concerned because my investment in bitcoin is my investment, and it will never affect our financial stability or future. I don't gamble with the things that are important.

[xSkylarx]

We are not that heavily reliant on cryptocurrency, so mostly we are not very affected by it. My wife and other close friends were aware that I was involved in crypto, but I never explained it to them; sometimes, on occasion, some of my friends will ask me, "You're probably rich now because you've been in crypto for so long," but I simply respond, "The market is down, so I've lost a lot of money," and laugh. My wife is mostly aware of the situation and will just ask why the price keeps falling, and I will just explain to her what is happening and she will just understand.

[Nrcewker]

They’ll be lots of questions to be asked by our family members who invested into cryptocurrency last year, how do we get ready for them?

First of all make your family members understand that Bitcoins aren’t sure money. In fact if you invest anywhere, let it be gold or property or forex, the chances of losses are present everywhere. Yeah we can minimise the risks involved, but whenever we invest there are hope for losses and profits. Similarly tell them to wait for longer period of time as Bitcoins are particularly for long term investments. Moreover also show them the marketcap of Bitcoins and the past growth graphs.