I managed to invite 1 of my friends to invest in bitcoin

[Awan putih yang cantik]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

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[mk4]

Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.

[Anonylz]

I guess both of you will learn with experience as you progress in this space. You are a beginner and invited a friend who will depend on you for guidance. The only way to go is for the both of you to keep leaning about btc to support each other, share vital info among yourselves,  and I think you did good by letting him know about btc. Good luck to you both.

[CryptoPanda]

It’s like one eyed man leading a blind man. I think the decision to invest was made too soon without sufficient knowledge. Such a person could easily be scammed. God knows what part of your pitch convinced him to invest. It’s probably the part of him breaking the bank with crypto investment. As much as we want people to join bitcoin community, we should endeavor to pass the right information and not fairytale stories of how bitcoin can solve all your financial problems.

[bittraffic]

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Do you feel you are vaguely responsible if he loses his money?    He is a businessman, owns a shop and pretty much he values money which means profit is important for him to see.

The coin could be in the exchange still and your neighbor has no plans of getting it out. Nothing wrong with what you did, it's fine I guess the best advice you can tell your neighbor is to hold for now and sell by the time the profit is enough for him.

[Erumo]

A friend, crypto, cellphone and investment - what a nice movie script. Give your friend hints about safety. This extremely necessary, coz he was so open for making investment decisions. If he is so new in crypto and immediately bought bitcoin after you tell him about it, then imagine what he is able to do if he gets surround by scam investment. He would invest in every single one of it. You know, it isnt hard to invite a person to make his very first investment into bitcoin, but it is hard to keep friendship after, as you are now responsible for his funds.

[salad daging]

Your friends directly invest without knowing the basic of bitcoin? I think this is too fast but somehow you have to teach him first about bitcoin, not inviting him to invest directly, this is not the right way, while he is only persuaded by the seduction of big profits without thinking about the risks, even though you have warned him, so it's clear that without learning, it's not the right one for you he who knows nothing.

Wrong or not, what is clear is that you will definitely be held accountable if your friend doesn't want to lose big because he doesn't know the concept of real investment in bitcoin, especially since you are also a beginner who is still new to bitcoin.

[Dr.Bitcoin_Strange]

OP, it's good that you also referred your friend to the forum. I believe in helping others as long as they develop an interest in the first place. There is no harm in helping your friend acquire Bitcoin; perhaps you never forced him, and you also told him some risks. I hope you told your friend that you are also new to Bitcoin so that he doesn't have to conclude that you are a pro and would have to depend fully on you to spoon-feed him information. It is not bad if you continue to teach him what you have learned so far, but at least letting him know your capability will also prompt him to do more research for himself and learn. Some people only like to depend on spoon-fed information, which limits their knowledge to what they should know. I hope you warn him not to store his bitcoin on the CEX, not to share his private key with a third party, not to publicly announce his Bitcoin holding. 

I hope you let him know he needs to keep his Bitcoin safe in his wallet as prices appreciate and by so doing, he needs to safely secure his wallet phrase.

[Merit.s]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

You are just a beginner and you have introduced and encouraged someone into investing on something you only know little about. Can you see what you did,you directed or helped him downloaded and exchange app and also bought bitcoin for him without even teaching him or advice him on how to use a noncustodial wallet, which he needs to transfer his investment into for safety. The guide says do not leave your funds in an exchange because you will end up losing it. I will advice you to learn more about wallets and tell your friend the disadvantage of keeping his coin in an exchange. Too fast move you did,anyway the forum is here to teach you very well.

[Rruchi man]

and i also suggest to join this forum to learn more about bitcoin...

You have done well trying to convince someone on such short notice to invest in bitcoins and also a good job introducing them to this forum, but you should have and can do a better job in the future by trying to teach them the basics properly first before leading them to this forum to learn more. If you just lead them here, the bulk of topics that they will see can be overwhelming and they may not really learn anything or it will take a longer time to learn.

I know we can be in a rush at times, or an inappropriate position, but there is always the possibility of scheduling another better lecture session maybe online or better offline. Taking some time to really give lecture to an interested person goes a long way.

[fuguebtc]

According to what you said, he started buying bitcoins only after a short conversation between the two, I would say that both are in too much of a hurry to invest in bitcoin. Even though you explained bitcoin and warned him about the risks he would take, it still wasn't enough for him to understand what you were talking about. What you need to tell him is to learn about bitcoin before instructing him to download the trading app and buy bitcoin on the spot. What if after buying bitcoin and you are not there? If he loses those bitcoins, he will definitely blame you.

[Upgrade00]

Never invite or convince someone to invest in Bitcoin; you rather give them enough information with which they can reach their decision for themselves.

I have had friends and family ask me about the potential of Bitcoin and everytime I send them data they can use to do their own research, if they cannot focus enough to go through the not so extensive stuffs, then they probably shouldn't be acting as their own bank and I don't pressure them at all.

Always allow people to reach the decision to be use a decentralized asset on their own and based on their knowledge of using it.

[Vaskiy]

I don't know how far this incident have happened, but if this had happened then this is really good. Though he doesn't have much of knowledge about cryptocurrency he have did the best of his ability and explained it. When it comes to cryptocurrency the spreading have happened through word of mouth.

If you go through the past days of cryptocurrency it is quite hard to find advertisements used to promote or spread about to the world about cryptocurrency. Now only private ventures for their revenue making have begun to promote through advertising.

[lalabotax]

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Wait, you are a beginner and you invite your friend to invest in Bitcoin? This is too risky mate. At least, you should ensure yourself in this Bitcoin investment. I know that you have explained to him the risks of investing in Bitcoin. But, have you understood the exact risks? And moreover, has he really understood? I am wondering if you are also telling about how many people able to earn so much money because of Bitcoin investment that your friend is also desired to earn that much money. I doubt that your friend will be really okay with the risks. If I were you, I will not invite him to join in the Bitcoin investment. I probably will tell him about my investment and about cryptocurrency. but I will let him understand by learning more at first. So, he himself decides going to invest or not, not by invitation from me. Because, once the price of Bitcoin is dropped again and he shocks, he may blame you. But hopefully, this is not what I am thinking about you and your friend. Hopefully, you can be really fine and ready enough with all conditions of Bitcoin investment. The positive thing is that it is Bitcoin, not altcoins.

[AmoreJaz]

Never invite or convince someone to invest in Bitcoin; you rather give them enough information with which they can reach their decision for themselves.

I have had friends and family ask me about the potential of Bitcoin and everytime I send them data they can use to do their own research, if they cannot focus enough to go through the not so extensive stuffs, then they probably shouldn't be acting as their own bank and I don't pressure them at all.

Always allow people to reach the decision to be use a decentralized asset on their own and based on their knowledge of using it.

but one right thing he did was send his friend to this forum. because if his friend will indeed register here, he will learn a lot more of this market that his friend can't explain it to him.
what's done is done already. so they will both traverse this crypto market and will learn more lessons. i hope his friend didn't invest big amount. just a small one to get started.
also, if the OP is reading the replies here. better transfer your btc to your own wallet, like electrum. don't let your btc sit on the exchange app that he is using.

[crunck]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Even if you don't know if you yourself will gain or lose from investing in bitcoin, giving advice to someone is a big mistake. If they then lose, you will be the first to blame them. Instead, it would be better if you don't teach him how to buy bitcoins and show him the basics that you are also learning.

[drwhobox]

You have done all this on a moment while shopping grocery. Also you set up his account and help him to invest. You are too fast on doing things, but while motivating other people to get into the bitcoin space you need to give them time to think. If anything goes beyond his expectation, he will get demotivated and discourage others from investing/adopting bitcoin.

[n0ne]

You have done all this on a moment while shopping grocery. Also you set up his account and help him to invest. You are too fast on doing things, but while motivating other people to get into the bitcoin space you need to give them time to think. If anything goes beyond his expectation, he will get demotivated and discourage others from investing/adopting bitcoin.

Rather you should have just given the introduction and directed him towards different sources available to learn better about the cryptocurrency. This could've made him to understand and decide. Sometimes the positive mind will look for the best and if something disappoints, surely this gonna affect his connection with cryptocurrency. Taking time and directing in the right way is a must in such act of spreading about Bitcoin.

[Yatsan]

It is okay to share if you really care but since you are more knowledgeable in this industry, be sure you are sharing enough information including advantages and disadvantages; avoid being one sided. This is where misconceptions duch as 'easy profit' comes from, in this industry. Never let them to have high hope because the market itself is not consistent therefore profit is not always certain. If you won't be able to impart enough knowledge you are only putting them at risk. Be a friend. You won't drag one in danger if you really care. They should know that losing should be a part of the cycle to atleast lessen the part of regret if ever he'd come across one. Also, know your invitee's limit on investing because they might be using a fund they cannot afford losing.

[SOKO-DEKE]

I don't think things are done in that way especially in term of Bitcoin investment. We should always try to acquired much knowledge about Bitcoin before we should invested in it.Bitcoin is not what we should rush into because it is not what will use few years us but what will stay with us forever,and it also involves some risk which everyone need to know first and again their are many unique things  about Bitcoin and Bitcoin blockchain that why we need more knowledge about it. From your words I can say that you just explain about Bitcoin profit to your friend because with no that your friend can not just believe you like that and decided invest it immediately and if is that what you used to convince your friend, it may not stay long in the system because it aim will just always be on profit making which not supposed to be.
As you have said that you have introduced he/she  to this forum you have done a great work for that step you take. It will be a nice idea to be here and sake for guidance about it Bitcoin investment.

[sheenshane]

what do you think everything i do
is it wrong or not?

It might your neighbor will blame you someday if you didn't technically explain it very well.
There are too many things to study first before having Bitcoin on your own and I think you should know these too.

Things to remember basic information that should know.

• Store your Bitcoin in a non-custodial exchange (not your keys, not your coins)
• Learn to hold and never sell when the price drop
• Understand the risk because it is a highly volatile market
• Never share to anyone that you hold a large amount

I think you did it right but make sure your neighbor understands those I mentioned above if you don't want to get blamed someday.

[Awan putih yang cantik]

Your friends directly invest without knowing the basic of bitcoin? I think this is too fast but somehow you have to teach him first about bitcoin, not inviting him to invest directly, this is not the right way, while he is only persuaded by the seduction of big profits without thinking about the risks, even though you have warned him, so it's clear that without learning, it's not the right one for you he who knows nothing.

Wrong or not, what is clear is that you will definitely be held accountable if your friend doesn't want to lose big because he doesn't know the concept of real investment in bitcoin, especially since you are also a beginner who is still new to bitcoin.

if you think about it, yes, yes, I act too fast. but fortunately I told him that to invest in btc don't use big money to buy bitcoin yet, so initially he would invest a fairly large amount, but I gave advice not to use big money to buy bitcoin yet, especially for beginners, so just try small. and finally he invests with small capital, so the risk will not be big either.

[CryptSafe]

Congratulations on inviting your friend to investing in bitcoin. I hope he or she would get through as time goes on. This is the awareness and the kind of news I would rather anticipate to hear. You have done well OP. I hope you were able to take your friend all through the stages involved. It would be nice you tell your friend about the market volatility and how it is so as to avoid some unnecessary  stress when it happens so that you will be free of blames and regrets. Did you let  him or her know about the phrase " not your keys,not your coin"  hope you told your friend exchanges are not a permanent safe box for funds and assets.

[8rch7]

Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.

I totally agree with your opinion, before we invite friends to invest in bitcoin we must first know about investing, trading and storing bitcoin,
Because before we make an investment, we must first know about technical analysis, you also need to remind your friends that the risks involved in investing in bitcoin are quite high.

[landheer]

It seems that you are being too hasty in inviting investment in BTC, because it is likely that if that person loses you will be blamed.

but to be honest of course I appreciate your good effort, but as you said you are a beginner so at least you should give him a long time to think about investing in bitcoin. so he doesn't regret it later. but yes, now it's over, I hope your friend succeeds with his investment.

[Fundamentals Of]

If I were in your situation I might have warned my friend right away not to click on that ad. I would have advised him right there and then that 99% of ads are risky or even possibly scam.

Secondly, it's good to educate him that the ad is about Bitcoin, proceeding to describe him what Bitcoin is. But I don't think you are describing Bitcoin to him in a right way. To a newbie who hasn't known a thing about Bitcoin yet, I think it is wrong to define it as an asset for the future and for investment. The possibility is that your friend ended up investing in something he doesn't really understand.

[Tony116]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

If this were asked before it happened, I wouldn't agree with you, but it's already happened, so what you need to do now is not leave him alone in the market. At least you have more knowledge than him, you will know what to do better. Second thing: what you need now is not buying a lot of bitcoins but knowledge, both should spend a lot of time learning. Once he has the knowledge investing will become easier, and he won't blame you if his investment fails.

[Bazzu]

congratulations, because you have succeeded in inviting your friends to invest in bitcoin.
and you are also good because you have explained to the shop keeper about the risks of investing in bitcoin. so in my opinion you are not wrong if you have explained to the shopkeeper about the pros and cons of investing in bitcoin, and you are also good because you have suggested buying btc starting from small money first, and that's how it should be for beginners. because with small capital, the risk is also small.

[Despairo]

Either it's a stranger, friend, close friend, brother, sister, mother, father, uncle, grandmother or grandfather told to invest in X asset and you will make money from it without any knowledge of those asset, 99% you will regret when you follow their advice. This because you're not understand anything about the asset and only focus to make easy money, when someone has sole purpose to make money, they wouldn't want to suffer any losses even it's still an unrealized loss.

[xSkylarx]

You should also warned your friend that you should not hold bitcoin in exchanges. The way how you explain bitcoin is mostly about investment and you can get profit , yes you warned your friend but you should explain to your friend what bitcoin really is and not invest as it was created for that purpose, it is just people made it an investment because of value but still you done a great job trying to explain this just make sure to check your friend what is his status right now and try to explain more.

[Awan putih yang cantik]

thank you for the advice you gave, to be honest I am very happy because you all responded to my post, and indeed I admit that I was too rash in taking action, hopefully with the replies from you all it will make me more mature and hopefully my insight will develop.

[Dickiy]

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

I find it strange if he immediately buys it right then and there and maybe because I wasn't there knowing how the story goes, I think you are too hasty to teach him to buy it without having any experience learning it or just having known it before.
But it's a good step to introduce bitcoin because he inevitably has to learn bitcoin because he already bought it, I think the drive of fear of loss and curiosity will make him learn more about bitcoin, maybe you should continue to guide him well.

[Poker Player]

I'm starting to see a pattern here. There was a time when I kept seeing threads in the B&H section prasing Bitcointalk and/or the merit system. They were obviously an attempt at merit fishing. For a while now I keep seeing threads on Bitcoin discussion like this one, although some are genuine, with photos, but this one looks to me like a blatant attempt at merit fishing.

I find it strange if he immediately buys it right then and there ...

Without being able to verify it, I wouldn't be surprised if he had invented it.

[Nrcewker]

Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.

That’s absolutely right. She should have just inform her friend that what is Bitcoin and how can he use those bitcoins to benefit himself. Bitcoins are not as easy to store as it seems, as there are many security issues and chances of getting hacked. So your friend have to understand the fact about how more securely, he can store the Bitcoins. But it’s great to know that you have referred your friend for managing his money independently. Waiting to hear more updates from your friend.

[rat03gopoh]

Sorry, I doubt the veracity of OP's story.

As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.

[posi]

Sorry, I doubt the veracity of OP's story.

As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.

OP's story isn't obvious, but it's also possible that OP is telling the truth. Maybe the other friend has heard a lot about bitcoin before and has an interest in it but has not had the opportunity to be guided by someone. So he can still invest after meeting the OP and having a short chat. But OP shouldn't advise him to invest immediately but teach him the basics first. Two people were in a hurry, and buying bitcoin without knowledge was a mistake.

[lovesmayfamilis]

I'm starting to see a pattern here. There was a time when I kept seeing threads in the B&H section prasing Bitcointalk and/or the merit system. They were obviously an attempt at merit fishing. For a while now I keep seeing threads on Bitcoin discussion like this one, although some are genuine, with photos, but this one looks to me like a blatant attempt at merit fishing.

First sober reply in this thread. I've been waiting for you, to be honest.
A rather simple and silly story of a beginner who, in the process of buying products for the house, casually tells the seller about bitcoins. This is so sucked from the finger that you can not finish reading the post, knowing where the OP is leading. This joyful, "I managed."
I still can’t, and I don’t want to, explain to my friends about bitcoin without raping their brains and calling for contributions to it. And then a simple "passerby" was pulled by the sleeve and persuaded to invest. Well, we've seen funnier fantasies as well.

[Wiwo]

Snip~

Ops I can say you have not really done well in educating the individual with the most important aspect, you mentioned the risk of price volatility which is ok, but you did not mention anything concerning wallet and wallet security and management to him\her.
Wallet management and security is the fundamental primary thing to teach any newbie, because if they don't have proper knowledge about wallets it could lead to them losing all their investment in the long run which will not be a good experience for newbies and even old members, one of the important aspects of knowledge we need in the cryptocurrency industry is security of funds and our personal details and how we manage them so you should educate the ops in question and is good that you introduced the individual to this forum, that way he will gain knowledge from other members of the forum that already have an in-depth knowledge of the industry since you are still a newbie that lacks adequate knowledge.

[Queentoshi]

Sorry, I doubt the veracity of OP's story.

As much as the level of online financial scams and gambling under the guise of investment was trending a few months ago, I think the average Indonesian has high skepticism to be instantly attracted to an offer of any investment ads with a brief explanation. Curious about what app ad was in this story.

Makes sense, I am personally careful and do not trust all the adverts that come up on my phone whenever I am on the Internet. We know that cybercriminals can go a long way to lure their victims even to the level of creating ads, websites etc. just to ensure they look real. Many people already know this and know better to ignore adverts especially on their phones. If I am someone else and I search about bitcoins on google and then shortly after I begin to see ads about bitcoins and cryptocurrency, I can understand that it is because I was interested in bitcoins and searched about it that is why I am seeing ads about my interest. But for someone who did not search for bitcoins and then begin to see ads on their phone about bitcoin investments, I do not think they will be interested to click.

[sunsilk]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

I think it's odd that someone who holds a cellphone and sees an ad appear to his phone asks someone what it is all about. But it's probably because you're looking at his phone.

But if that guy wants to invest, I'll just give him the idea of what bitcoin is but I'll not push him to buy bitcoin and just will give him the hint on what bitcoin is and the resources where he can start reading.

Listening to someone without knowing what they're up to invest is totally an odd situation because too many scams might occur today wherever we are as long as we're connected to internet.

[worle1bm]

Your investment decision should be based on your personal choice not under anyone direct influence.Although investment in btc is good decision if he holds long term but it should be clear to you why prices would rise due to adoption and demand and the basic knowledge about it which will help you to understand your investment.So ask your friend or tell him to learn about it through few resources which will help him a lot.

[ilovealtcoins]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

If it were me, I wouldn't do it like you, I can only pass on the knowledge that I know to him. Buying bitcoins without any knowledge of bitcoin is like gambling, you are teaching your friend to gamble rather than to invest. In case he loses, it will be easy for him to blame you.

I agree with you, advise him to join the forum, this is where he will get his investment knowledge.

[BenCodie]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Informing him that there is a large amount of risk in terms of the monetary fluctuation was the right thing to do. You should have also added that the best strategy in terms of managing your portfolio are:
1. Holding your coins in your own self-custody wallet.
2. Not paying attention to the price and investing what is planned to be for the long-term (5+ years).

You can use price charts to reason point 2.

Optionally recommending the dollar-cost average strategy is also a good idea to introduce a new, smart investor.

[ethereumhunter]

Hey, that's a great way to introduce bitcoin to others because we don't have to say much about bitcoin but he wants to know what bitcoin is. Yes, you did the right thing by helping him understand bitcoin and explaining more about the risks so he can better understand that investing in bitcoin has its risks.

You can study with him during your spare time so your knowledge can increase, which will be useful for your investment plans.

[kryptqnick]

I don't think the op did anything wrong since the shopkeeper expressed interest and the op mentioned the high risk of investing. What I think would also be nice to mention is that it's not smart to trust exchanges with your money and that the investment is safer in a personal wallet like Electrum. Moreover, it's important for people new to Bitcoin to understand that transactions aren't reversible, and if they send money to a wrong address, it's gone, as well as that if a person loses the passphrase from a wallet, nobody can do anything to help. So it requires a certain level of responsibility, but also gives the kind of financial freedom people never had before.

[rby]

I don't think the op did anything wrong since the shopkeeper expressed interest and the op mentioned the high risk of investing. What I think would also be nice to mention is that it's not smart to trust exchanges with your money and that the investment is safer in a personal wallet like Electrum. Moreover, it's important for people new to Bitcoin to understand that transactions aren't reversible, and if they send money to a wrong address, it's gone, as well as that if a person loses the passphrase from a wallet, nobody can do anything to help. So it requires a certain level of responsibility, but also gives the kind of financial freedom people never had before.

There are quite many things that Op is supposed to say to his friend but didn't tell him because he too is a beginner. I am quite surprised how his friend accepted so fast to invest with the fainty information given them.
I am only relaxed because he referred them to this forum, that means if they are consistent here they will learn much in no distant time.

[borovichok]

Hey, that's a great way to introduce bitcoin to others because we don't have to say much about bitcoin but he wants to know what bitcoin is. Yes, you did the right thing by helping him understand bitcoin and explaining more about the risks so he can better understand that investing in bitcoin has its risks.

You can study with him during your spare time so your knowledge can increase, which will be useful for your investment plans.

Creating awareness about bitcoin is good to the public but should be interpreted wisely because most ignorant people will see it as a scam and blaspheme thr project. Bitcoin is a good investment for people to know about it. Starting to spread the good news about the solid project to people is amazing because it leads profits, although it has it bad part which is losing. If not controlled with ultimate strategy, losing everyday will be daily routine. Bitcoin is very risky to trade since its trading volume fluctuates and it's unpredictable in the market.

[Rana590]

Hey, that's a great way to introduce bitcoin to others because we don't have to say much about bitcoin but he wants to know what bitcoin is. Yes, you did the right thing by helping him understand bitcoin and explaining more about the risks so he can better understand that investing in bitcoin has its risks.

You can study with him during your spare time so your knowledge can increase, which will be useful for your investment plans.

I believe also that it is the best time to take the opportunity to involve in Bitcoin and investment on it. It was not necessary to know huge info about Bitcoin from this stage to 10 years ago but who invested, obviously got a huge profit to change the entire life. Still there are a lot of people who don't know about Bitcoin and crypto market. At least we should inform them about Bitcoin and its potentiality.

[Bushdark]

8fbyiu are a beginner in the cryptocurrency sphere are you are teaching people about investing in Bitcoin then that's a good move but you need to understand that you are still a beginner that is learning about what Bitcoin is and how it works.

You guys should be ready to learn together at the same time but you need to be aware of the danger it could pose to newbies that do not know how the market works and if they eventually loses there capital as a result of haste and inpatient or ended up being scammed, the person will come looking for you because you were the one that introduced them to cryptocurrency without a continuous guidelines about the cryptocurrency.

[The Cryptovator]

There was nothing wrong with your performance; you did an excellent job. Because you are a beginner, you must learn more in order to explain things more clearly. For example, you teach him about risk and how he can lose or profit. However, the person is unaware of how to safely store Bitcoin and avoid scams. Nevertheless, you can share whatever knowledge you have. At the very least, by adapting it, you are directly actively helping Bitcoin. If you have any questions, please post them here. It's a good thing you prefer your neighbor join the forum. That means he can now learn about crypto from the forum.

[Leviathan.007]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

From what I understand you are still a beginner yourself and you and your friends both have a long way ahead, so that's not really smart to start teaching him about bitcoin because that's something you will don't have enough information about it also maybe if you tell him something wrong and make a mistake while teaching him you may have a harmful effect on your friend and It's possible to give him wrong information.
Still, you can provide him with sources for reading about bitcoin, sources like books and videos, also if you both study bitcoin together he can get motivation from you, and this will have a good effect on him. 

[albon]

I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

There are many false advertisements, and it is wrong for him to download an application for buying and selling bitcoins through an advertisement that appeared on the phone or on social media sites, because it may not be the official application of the exchange platform and be a fake application. Secondly, as a beginner, this is a good initiative from you to help others learn about bitcoin and cryptocurrencies and invest in them, but before that, you should advise them to learn and educate themselves and gain experience and knowledge of the basics of trading and common terminology in the crypto market because they may lose their money and blame you. Thirdly, the advice that you should have mentioned after they gain experience is to invest in what they can lose because this field is not furnished with gains as it seems to them.

[uneng]

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

By what you said, I think you did right on that currently situation, because it's really hard to introduce someone to Bitcoin during a fast conversation. To do this more efficiently, you would need a calm conversation in a private place, with wide access to a desktop and a big screen. The important here is that you told BTC is an asset for the future, aiming long term holdings and profit, plus you explained about the risks of volatility, since price is constantly going up and down.

Now, if that person wants to know more about Bitcoin, you can guide him step by step daily.

[KennyR]

There was nothing wrong with your performance; you did an excellent job. Because you are a beginner, you must learn more in order to explain things more clearly. For example, you teach him about risk and how he can lose or profit. However, the person is unaware of how to safely store Bitcoin and avoid scams. Nevertheless, you can share whatever knowledge you have. At the very least, by adapting it, you are directly actively helping Bitcoin. If you have any questions, please post them here. It's a good thing you prefer your neighbor join the forum. That means he can now learn about crypto from the forum.

Being a beginner and the mind thinking to share about the goodness of bitcoin is really good thing. In each and everything we need to acquire knowledge, only then it is possible to make profit than just making predictions without any knowledge. Introducing the neighbor to the forum can make him much better and these kind of people will help much in adoption.

[famososMuertos]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

I repeat the usual to this type of OP; we are +18 years old. right...! (?)
So, asking "I did it right or wrong" in this type of situation seems childish to me, where is the bitcoin discussion?
Or we discuss how you should behave on a day-to-day basis or in the handling of information for third parties that involves money.

Anyway...
First of all, if your friend received bitcoin advertising, he must have consulted something related to the subject, if this is not so, it is already an alert!, a priori  if advertising for wallets, crypto businesses, etc. appears on your smartphone, unsolicited, ignore it! and report it, few users know that banners can be reported to both the provider and the administrator of the page in question, if it's a (fk) "nuisance" but you want to help!, that's what you should do.

...and then_; you should!
Please, "use Google Search: Bitcoin".
Really! it's so hard?...

.... seriously, I don't understand how not to say something so simple.

There is a mistaken thought, and fortunately it is only for some users from certain countries/boards to believe that adoption is to go around preaching the use of bitcoin with an "I Love Bitcoin" badge on the chest.

[Ebede]

Investment in Bitcoin does not need much invitation or much stress to somebody, what's this investment of Bitcoin if she's understanding when you show the person the way they also teach you the person they strategies and the negative part of investment in Bitcoin because if they have advantages and disadvantages which if the person enter into the advantages the person will definitely hold you responsible so that is why he when you invite somebody then you are not the person to make decisions

[ethereumhunter]

Hey, that's a great way to introduce bitcoin to others because we don't have to say much about bitcoin but he wants to know what bitcoin is. Yes, you did the right thing by helping him understand bitcoin and explaining more about the risks so he can better understand that investing in bitcoin has its risks.

You can study with him during your spare time so your knowledge can increase, which will be useful for your investment plans.

Creating awareness about bitcoin is good to the public but should be interpreted wisely because most ignorant people will see it as a scam and blaspheme thr project. Bitcoin is a good investment for people to know about it. Starting to spread the good news about the solid project to people is amazing because it leads profits, although it has it bad part which is losing. If not controlled with ultimate strategy, losing everyday will be daily routine. Bitcoin is very risky to trade since its trading volume fluctuates and it's unpredictable in the market.

If they could find a good place to learn bitcoin, they could avoid the scam projects that have conned so many people. And if they only focus on bitcoin, it will not fool them because it already provides a lot of evidence to people out there as to how profitable it can be in the future. And while there is still time to start investing, they can start buying bitcoins from now on so they won't be left behind to profit from bitcoins.

Hey, that's a great way to introduce bitcoin to others because we don't have to say much about bitcoin but he wants to know what bitcoin is. Yes, you did the right thing by helping him understand bitcoin and explaining more about the risks so he can better understand that investing in bitcoin has its risks.

You can study with him during your spare time so your knowledge can increase, which will be useful for your investment plans.

I believe also that it is the best time to take the opportunity to involve in Bitcoin and investment on it. It was not necessary to know huge info about Bitcoin from this stage to 10 years ago but who invested, obviously got a huge profit to change the entire life. Still there are a lot of people who don't know about Bitcoin and crypto market. At least we should inform them about Bitcoin and its potentiality.

That's right, as long as they can take the time to invest in bitcoin and start putting some money aside to invest, they can make a profit and change their life because of bitcoin. I hope OP can learn more so he can introduce bitcoin to other people around him so there will be more people who know and use bitcoin, even if only as an investment at first. As a start, it's better to invest in bitcoin first and not try to invest in altcoins because there are many of them and you have to be really selective in choosing the coins.

[Sayeds56]

Investment in Bitcoin does not need much invitation or much stress to somebody, what's this investment of Bitcoin if she's understanding when you show the person the way they also teach you the person they strategies and the negative part of investment in Bitcoin because if they have advantages and disadvantages which if the person enter into the advantages the person will definitely hold you responsible so that is why he when you invite somebody then you are not the person to make decisions

It is true that during the past five years, Bitcoin has gained  a lot of attention in the media, due to its outstanding performance as an investment & trade able asset on net through trading apps, and it doesn't require much advertisement. Despite this, many people may not fully understand the technology behind it, such as the blockchain technology and technical indicators. It may be helpful to educate and explain these concepts to loved ones in order to help them make informed buying and selling decision for profit.

[goldkingcoiner]

Good job on becoming a Bitcoiner who spreads the word of the future money! Really nice job!

But at moments like these I do think it's a bit of a shame that there is no referral reward system for Bitcoin, built in. That would help the adoption and globalization of Bitcoin along. But either way, Bitcoin will, whether slowly or fast, become the one, true global money.

I hope you remembered to tell your friend about the traps along his path. No panic selling, only hodl and do not trust altcoins. Especially ones that are not in the top 20 on Coinmarketcap.

[HajiBagi]

Honestly, mate. I think you did a great job informing your partner about a bitcoin investment, and it was a great thing that you joined the forum to gain more experience about bitcoin, because although bitcoin is a risk, whether you gain or lose, I'm sure the gain of in bitcoin is a good thing that makes some people's lives better today because in everything you believe in, you must have a good thing coming from it, so you are welcome to the forum.

[Maestro75]

Telling your neighbour about the risky and loss that can come from bitcoin was a smart move. At least he will know that you warned him before he invested in case those negatives of bitcoin happens to him. Directing him to this forum will also fasten his learning process of bitcoin because of the so many experts we have here.

[Franctoshi]

Invitation is never the problem but teaching them to know all necessary information about Bitcoin, basically the risk involved with owing Bitcoin, things like how to properly secure or store their BTC, sending and receiving etc, and lastly allowing the person to take the investment decision itself base on the information he got to know about Bitcoin.

[dunfida]

Invitation is never the problem but teaching them to know all necessary information about Bitcoin, basically the risk involved with owing Bitcoin, things like how to properly secure or store their BTC, sending and receiving etc, and lastly allowing the person to take the investment decision itself base on the information he got to know about Bitcoin.

If you are that someone who do have that ample knowledge about bitcoin and other things correlated to crypto as whole then we do have the idea on where we would be suggesting on what sites or places for them to

check out.Even explaining to them with the basic ideas wont really be that hard and time consuming, and the rest would be depending on his/her real engagement or experience towards it because not everything
could be learned on write ups but rather also with real experience or engagement through it.

It would be that impossible that you wouldnt be able to realize something on the time that you do decide to dive in.

[Rigon]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

I read your description and understand that you have given an idea about crypto currency to a person who has no knowledge about crypto currency. But I think what you did is right. But you're in a bit of a hurry here. It was not right to prepare him so early for investment. He should first understand all the rules and regulations related to investment. Then if he is interested in investing, you can pay him to invest. However, you first make the person aware of all the rules related to investment and then make him a full-fledged investor to invest.

[Minor Miner]

Telling your neighbour about the risky and loss that can come from bitcoin was a smart move. At least he will know that you warned him before he invested in case those negatives of bitcoin happens to him.

This is a must-have if you are giving someone Bitcoin investment advice, because Bitcoin is very volatile, and it will cause a lot of losses, not just profits. If only talking about profit but forgetting the risk warning when investing in bitcoin, they will blame you if they lose.

Directing him to this forum will also fasten his learning process of bitcoin because of the so many experts we have here.

Recommending the forum to him is the right thing to do but we are no experts here, we only have seasoned investors who can give him some useful advice. Forums can provide him with useful knowledge and the necessary things so that he has enough confidence to invest in bitcoin.

[Obari]

I would have said it was too hasty since you're also a beginner but the fact that you also referred him back to the forum is a great idea and I'm also glad that you pointed out that investing in digital asset like Bitcoin is risky and just as he might be expecting a profit, so he should also be expecting a loss just incase the market goes soars which one one prays for.
I also hope that you guide him through the forum and also try to check up on him frequently and always remember to let him know that he will be responsible for every action he takes and no one will be held responsible for whatever action he takes.
You did a great job ma'am.

[Issa56]

and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

Hope after buying bitcoin from exchange, you adviced him to transfer the bitcoin to a non custodial wallet, he shouldn't leave his bitcoin on exchange, we all saw what have been happening to some crypto exchange recently, no exchange is safe so if you leave your bitcoin on exchange, then the bitcoin those not belong to you completely.

You should make sure you enlighten the user about wallet security, you should tell him the best wallet to secure bitcoin, how to protect the wallet, how to secure the wallet private key. Private key should be stored in a place were their is no internet connection, it should be stored completely offline.

[Wiwo]

It’s like one-eyed man leading a blind man. I think the decision to invest was made too soon without sufficient knowledge. Such a person could easily be scammed. God knows what part of your pitch convinced him to invest. It’s probably the part of him breaking the bank with crypto investment. As much as we want people to join the bitcoin community, we should endeavour to pass the right information and not fairytale stories of how bitcoin can solve all your financial problems.

I don't know what the thrive is or the understanding of many members about bitcoin, we don't need a crowd what we need is true bitcoin believers so there is no need to try to convince anyone to adopt bitcoin as an alternative, most of the time I simply ignore anyone that does not have personal motivation toward Bitcoin and also the willingness to sacrifice the time to learn because if you get them in half baked without adequate knowledge there could pause a high risk to themselves and others so there is a need for knowledge before acceptance.

[tvplus006]

...and to be honest I'm happy because my neighbors invest in bitcoin just like me...

Actually, the seller in the store acted recklessly, trusting your advice, obviously not understanding the fact that you yourself are new to investing. You should understand that if the price of bitcoin decreases after your recommendation to invest in bitcoin, then you will have to shop in another store, as the seller will consider you to blame for his losses.

[mvdheuvel1983]

Your friend will sure be happy to be a part of this "movement." As a newbie to bitcoin, you should also inform your friend on how to take the necessary security measures to secure his account.
Consider using the search bar to look for exact stuff you may want to know about bitcoin that you can share with your friend.
Did you know that your friend could lose his bitcoin in an exchange app?

[DaNNy001]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Its never a bad thing to do, by inviting or exposing your friends and people around you on the basic essence of bitcoin. But the only thing that's most important when explaining, is that you let he or she know about the volatility of bitcoin and make sure the person is well grounded that bitcoin is not some kind of get-rich-scheme where they can make millions by investing in a short time. Well from what you explained, i feel you already past that message about bitcoin being a two way journey @profit and loss.  Apart from that i feel you did well by even inviting he or she to the forum because this is right place to equipt yourself on all kinds of knowledge involved in the cryptospace.

[Kasabus]

Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.

It’s good that you are also promoting bitcoin in your neighborhood but what is bad about is you could have gone wrong in giving him the facts about bitcoin. Since you are also new in bitcoin, you are still less knowledgeable about how risky bitcoin is so you should have told him to just research in the internet and by the time you understand how bitcoin works, that’s the time to decide if you want to invest or not.

[Vaculin]

...and to be honest I'm happy because my neighbors invest in bitcoin just like me...

Actually, the seller in the store acted recklessly, trusting your advice, obviously not understanding the fact that you yourself are new to investing. You should understand that if the price of bitcoin decreases after your recommendation to invest in bitcoin, then you will have to shop in another store, as the seller will consider you to blame for his losses.

Both are actually reckless but I understand as both of them are still not experts in bitcoin. However, knowing bitcoin is a volatile and risky investment, it should be well researched and understood first before creating hasty decisions. This is to prevent from blaming other people, so if one wants to invest in bitcoin, then DYOR first before you decide. As one might also believe that bitcoin could be a get-rich-quick scheme, when in fact it will never be.

[Cantsay]

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Not everything you did was wrong I commend the fact that you're trying to promote Bitcoin in your locality by inviting people to invest in Bitcoin but I see so many flaws in your approach.
Acquiring Bitcoin is a easy thing but keeping it safe is the job in it. I'm guessing you just showed your friend how to complete some certain transactions how to receive Bitcoin and some other stuffs but you didn't get to teach him how he's going to keep his Bitcoin safe like what type of wallet to use, how he's going to select the type of wallet he wants to use, and some other security measures he should take in other to prevent the device that he's using to keep his coins from getting infected by some malware or to prevent his device from getting hacked.

But, I just hope he gets to learn about all these stuffs before it's too late and since you already recommended this forum to him I hope he registers an account fast and start his learning process as soon as possible. The earlier the better.

[kawetsriyanto]

According to the story, you didn't invite your friend to invest in Bitcoin but your friend ask you to learn him how to invest in Bitcoin. Your title is a bit misleading, please correct it!

By the way, you are too brave to give a lesson about Bitcoin investment to your friend because you are still a newbie. It is not wrong, but you need more experience and need more knowledge to give a lesson to someone. I am worried that you only know the theory, but get confused when you practice it. Experience is needed, you can share much when you have experienced it.

[Distinctin]

Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.

The problem with some beginners is they actually think that they are already as good like veterans especially when they are already profiting in bitcoin. When in fact they’re not because of their limited knowledge and skills when it comes to bitcoin. So the buyer here might have misunderstood bitcoin and so is the seller also become reckless too. They should do both good research in the first place to understand more about the do’s and dont’s about bitcoin.

[Wiwo]

One of the activities I avoid so much is the exposure of my identity via teachings others so because of that, I lack the motivation to engage anyone in a discussion as regards bitcoin, and different forks with their mindset, while some people already have a well-prepared mind to accumulate knowledge for seamless growth in the cryptocurrency industry. Because only with good knowledge one will gain the financial freedom that Bitcoin stands for since there have been a lot of falsehoods since there are several of fake information and also the fake identity of notable personalities in the kingdom.

[bounceback]

-snip-
and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

I am not saying whether you are right or wrong here but isn't it very risky to let your friend download the exchange on his phone before he has enough knowledge about bitcoin even though basically you have told him bitcoin is a very risky asset to invest so my advice keep an eye on it your neighbor when he wants to put funds into the exchange so that he does not choose the wrong coin or token he wants to invest and let him know that the exchange does not fully guarantee the security of our funds in the event of a hack.

[khiholangkang]

...and to be honest I'm happy because my neighbors invest in bitcoin just like me...

Actually, the seller in the store acted recklessly, trusting your advice, obviously not understanding the fact that you yourself are new to investing. You should understand that if the price of bitcoin decreases after your recommendation to invest in bitcoin, then you will have to shop in another store, as the seller will consider you to blame for his losses.

Yes, I agree with you. Indeed, logically it is too rash to make an investment decision that comes from a beginner as well and the impact when there is a decline in Bitcoin the OP will be considered a fraud because the bitcoins are owned by his friend, and maybe with his friend there will be a misunderstanding at the moment later.

It's a good thing to invite people to invest in bitcoin but considerations must be taken into account if the OP doesn't want to be blamed if something bad happens to his friend.

[Finestream]

It’s like one-eyed man leading a blind man. I think the decision to invest was made too soon without sufficient knowledge. Such a person could easily be scammed. God knows what part of your pitch convinced him to invest. It’s probably the part of him breaking the bank with crypto investment. As much as we want people to join the bitcoin community, we should endeavour to pass the right information and not fairytale stories of how bitcoin can solve all your financial problems.

I don't know what the thrive is or the understanding of many members about bitcoin, we don't need a crowd what we need is true bitcoin believers so there is no need to try to convince anyone to adopt bitcoin as an alternative, most of the time I simply ignore anyone that does not have personal motivation toward Bitcoin and also the willingness to sacrifice the time to learn because if you get them in half baked without adequate knowledge there could pause a high risk to themselves and others so there is a need for knowledge before acceptance.

If there is a need for a crowd l, it could be on the adoption of bitcoin usage, and not on bitcoin as an investment. Although that’s also how some bitcoin users have started through investing, but if they do, they should have sufficient knowledge about their investment and the risks involved investing in a volatile investment. Otherwise, if they enter crypto just because they are invited by a newbie or got convinced, that will serve still no guarantees that their investment will work later on.

[alastantiger]

There is a wise say that goes thus, if a road is good, you go through it twice. And if it is great, you bring your friends and your family to go through the road with you. This is the case with our experiences with bitcoin. Although for some others who came with the misconception that it is a get-rich-quick scheme, the experience is different. I tell everyone of my friends who cares to know about the potential bitcoin has and why they should join in now that it is still early and "cheap". I also let them know about the inherent risk - 1.e the price volatility and discuss ways to navigate it. Not all of them end up investing but at least they have a little knowledge about bitcoin.

[solehdavid]

If I were to give advice, I would advise him to make small altcoin investments to understand how the cryptocurrency industry works and only buy bitcoin once he understands how things work. I mean, I would feel guilty for any losses that might occur. but I have to say, I would never give investment advice to a novice. when you are both novices, it is not an investment, it is a gamble.

[Russlenat]

Probably a bit too hasty. In the first place, how confident are you that you gave your "friend" correct/accurate information? Knowing that you said yourself that you're still a beginner.

Yes, he must be very eager to extend his help in the sense that he created hasty decision. But I would also say that the seller itself is kinda reckless too that he immediately trusted someone about this risky bitcoin investment not knowing that it could make him lose everything if he completely invest in bitcoin without sufficient knowledge and skills needed when investing in bitcoin.

[Viscore]

...and to be honest I'm happy because my neighbors invest in bitcoin just like me...

Actually, the seller in the store acted recklessly, trusting your advice, obviously not understanding the fact that you yourself are new to investing. You should understand that if the price of bitcoin decreases after your recommendation to invest in bitcoin, then you will have to shop in another store, as the seller will consider you to blame for his losses.

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment. Also, the buyer must also realize that he has been very quick in giving information to the seller, not realizing that he’s still a newbie and he has to learn more before he can be reliable enough to share the facts about bitcoin.

[Fatunad]

...and to be honest I'm happy because my neighbors invest in bitcoin just like me...

Actually, the seller in the store acted recklessly, trusting your advice, obviously not understanding the fact that you yourself are new to investing. You should understand that if the price of bitcoin decreases after your recommendation to invest in bitcoin, then you will have to shop in another store, as the seller will consider you to blame for his losses.

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment. Also, the buyer must also realize that he has been very quick in giving information to the seller, not realizing that he’s still a newbie and he has to learn more before he can be reliable enough to share the facts about bitcoin.

Its a must but there are people who are really that in a rush when it comes to investment on which they do really ending up on messing up their investment due to carelessness or lack of knowledge on dealing up with something.Knowing that crypto investment isnt an easy one for you to deal with specially when you dont have that right amount of knowledge of it.You would really be definitely ending up on losing money before you
could learn up things which is really that a very wrong mindset or dealing if you do ask me.Make up some research when you do intend to dig deep further rather than on making yourself that
impulsive when it comes to investment decisions.

[letteredhub]

It's always a like a sweet savor when someone through you got to know about bitcoin and showed interest to partake in it. But it's always advisable to give them time to know and understand the associated risks and certain procedures before making them to invest their funds.
In this case mate you were too in a hurry to let her invest in crypto without a better understanding of what he/she is getting into except that it's a future investment thing, like op said. Be careful so you don't get blames poured on you if the investment goes wrong.

[dark1234]

If I were to give advice, I would advise him to make small altcoin investments to understand how the cryptocurrency industry works and only buy bitcoin once he understands how things work. I mean, I would feel guilty for any losses that might occur. but I have to say, I would never give investment advice to a novice. when you are both novices, it is not an investment, it is a gamble.

for beginners to invest is very risky, and we can find warnings like this in a market that exists at this time,
and advised him to invest in small altcoins to understand how the cryptocurrency industry works, I think it's the same even in small altcoins it is more risky.
actually what op did was good considering he is a beginner too it's just to be more careful it would be nice to invest small amounts first because investing in bitcoin and altcoins not only knows how to work and function but also the mentality of investors for further options

[Cryptomiles1]

The most important thing that interests me was telling him to join the forum, meaning he will learn more things not only the investment aspect of it but this will include the security aspect also. The types of wallets and exchange to use, this forum is a great place to study more about bitcoin.
You did well by referring him here because i believe here is the only solution for you two to get all necessary material about bitcoin and cryptocurrency.

[Cookdata]

Are there people that still don’t know what bitcoin is all about at this stage?   This is shocking though, you tried in your one way of explaining to him but I hope you didn’t hype it, I frowned at people that does that because people expectations becomes high and they expect much from bitcoin and along the line, if it doesn’t go the way they want it to be, the reality set in and they give up easily.

It’s always advisable to tell people all they need about bitcoin, not only the sweet talk investment this and that, tell them the risky part of it, it will at least ease their expectations when there is volatility in the price, trust me those are the people that last with bitcoin even when there is FUD or bleed in the market.

[Smartvirus]

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment.

Sometimes I wonder if investing is really the best step after some minimal introduction just as in the case of OP. U dont know if the narration is one that comes with some absolute truth but, it's just too early to want to invest almost immediately. You must have been very convincing in your small talks with your supposedly friend and I think you could do well in affiliate marketing with your talent.

Its nice to have brought your neighbour on board and most of all, introduced him to the forum but still, your guidance doesn't end there for him. There is a lot he needs to know and I hope you don't hesitate when the questions come pouring down because it does.

[Cryptomiles1]

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment.

Sometimes I wonder if investing is really the best step after some minimal introduction just as in the case of OP. U dont know if the narration is one that comes with some absolute truth but, it's just too early to want to invest almost immediately. You must have been very convincing in your small talks with your supposedly friend and I think you could do well in affiliate marketing with your talent.

Its nice to have brought your neighbour on board and most of all, introduced him to the forum but still, your guidance doesn't end there for him. There is a lot he needs to know and I hope you don't hesitate when the questions come pouring down because it does.

Though I have also come to think of this as well but what I understood is that, we don't know how much longer they have been in touched since she said is the neighbor so I believe there were lots of discussion before, but the op seems not to be good in essay writing so he summarized everything to be very short and brief imo.

[pawel7777]

...
because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Guess who's gonna be to blame if:
- he buys btc and the price goes down
- he starts trading alts and loses money
- the exchange gets FTXed
- he gets hacked etc?

Yup. You.

By all means, do explain to people how btc and crypto work, if you have the knowledge and they are showing interest, but do not go around giving investment advice.

[Dave1]

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

It's not the question whether you are right or wrong, it is still base on the individual itself if he is willing to listen to you or not.

If yes, then good, at least you bring someone in the bitcoin market, but it's going to be a long journey for him. And for sure, he will have to research it himself, the risk involved and the profit and loss. Hopefully he can join the community as well so that if he has questions then obviously he can ask around and for sure he will be answered by most senior members here.

[Razmirraz]

To find out what Bitcoin is that cannot be understood by an explanation through my mouth, the neighbors/shopkeepers must get more education to get to know the real Bitcoin. You can direct the shopkeeper to look at the Whitepaper to find out the technology and purpose of Bitcoin. I would not advise you or your friends to invest in Bitcoin with limited knowledge, as you said above, Bitcoin does not only offer benefits, but the risks are far greater than imagined.
While on the other hand you also have to explain to your friends not to store their assets on an exchange, a safer storage area is needed that cannot be accessed by other parties.

[laurenB7742]

According to me, what you do is a bit too hasty. You are also new, which means you don't have too much bitcoin experience, so giving investment advice to someone is a mistake. Not only investing in bitcoin but any form of investment requires knowledge first because investing without knowledge is like we are gambling with our money. What happens if they lose? I'm sure he'll blame you for giving advice when you don't have too much knowledge about bitcoin.

[CryptounityCUT]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

You did a great job, nowadays it is very important to educate yourself, then this knowledge pass to other people so you can do something good for yourself and the person you educate. In my opinion the most valuable thing is to be aware of situation, charts are just for view, and the strategy is just 5%, 95% of all other things is MINDSET

[Pesona1]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

What you are doing is correct as long as you can give him an understanding if investing in bitcoin has a big risk, inviting him to join the forum is quite the right thing considering we are still too new to understanding bitcoin and I think we can learn together in this forum, So far, people actually know what bitcoin actually is from advertisements on social media and the internet, but many of them do not understand how to invest or trade, so far, many are even interested, but unfortunately many of them are actually deceived because they invest on sites or exchanges scam that continues to spread traps through advertisements, so it's better for you to teach or even show your friends the site or bitcoin exchange that is truly trusted.

[Bobrox]

There are not problem about your decision inviting 1 of your friend for investing in Bitcoin due have explain clearly about Bitcoin side between advantage and disadvantage. I appreciated with your way how and what method used for inviting your friend and want to invest in Bitcoin, but don't blame tell them with how many investor loss their money after wrong way investing in Bitcoin due reach higher price.

No bad, before inviting your friend to invest in Bitcoin teach and make them understand how Bitcoin is working, actually when your friend understand about Bitcoin investment risk they will prepare and already when Bitcoin growing up and they loss investment values although still have hope for Bitcoin going back to higher price.

[osasshem]

Every business person is always interested in profit making, which the profit that can be made from btc is huge so is the loss that can also follow. Though it is funny as a beginner to invite a beginner, but one thing which I saw that is a bit a safe thing you did, was letting him know about this forum, where he can learn more about btc, and for you too, you need to keep yourself updated, cause questions will be flowing in from him, and he will really be needing confidential answers from you as his guardian in this space.

[Awan putih yang cantik]

The most important thing that interests me was telling him to join the forum, meaning he will learn more things not only the investment aspect of it but this will include the security aspect also. The types of wallets and exchange to use, this forum is a great place to study more about bitcoin.
You did well by referring him here because i believe here is the only solution for you two to get all necessary material about bitcoin and cryptocurrency.

Yes, that's also what I mean, so that my friend gets a good lesson, because joining this forum is the right thing. because Honestly, to explain bitcoin to my friends, I also lack experience because I'm still a beginner in bitcoin and crypto.

[Tommiewill]

Your starting point is good. If someone pitched me a product or something like that. I probably thought he was a liar at first. Regardless of whether this person is a friend I know well, always be vigilant against others to prevent being deceived.You can tell him the basics and let him figure it out on his own.

[hZti]

Bitcoin is not a cult, the point is not to invite people into investing to it  You can show people the benefits and then they can decide for themselves if it is a good option to invest into it. Many people will go into bitcoin these days thinking they can make money quick. So dont promise to much, chances are there that we will not see profits for a few more month/years.

[Iranus]

The most important thing that interests me was telling him to join the forum, meaning he will learn more things not only the investment aspect of it but this will include the security aspect also. The types of wallets and exchange to use, this forum is a great place to study more about bitcoin.
You did well by referring him here because i believe here is the only solution for you two to get all necessary material about bitcoin and cryptocurrency.

Yes, that's also what I mean, so that my friend gets a good lesson, because joining this forum is the right thing. because Honestly, to explain bitcoin to my friends, I also lack experience because I'm still a beginner in bitcoin and crypto.

I encourage you to take him to the forum where he can find useful information to start his bitcoin investing journey. But honestly, you shouldn't be in a rush to give someone investment advice. You are new to the market, so you do not have much knowledge about the market, and giving advice to someone is risky for both of you. If someone wants to invest, refer him to the forum or anywhere he can learn about bitcoin, and if he invests or not, let him decide.

[solehdavid]

If I were to give advice, I would advise him to make small altcoin investments to understand how the cryptocurrency industry works and only buy bitcoin once he understands how things work. I mean, I would feel guilty for any losses that might occur. but I have to say, I would never give investment advice to a novice. when you are both novices, it is not an investment, it is a gamble.

for beginners to invest is very risky, and we can find warnings like this in a market that exists at this time,
and advised him to invest in small altcoins to understand how the cryptocurrency industry works, I think it's the same even in small altcoins it is more risky.
actually what op did was good considering he is a beginner too it's just to be more careful it would be nice to invest small amounts first because investing in bitcoin and altcoins not only knows how to work and function but also the mentality of investors for further options

I'm sorry, sometimes I make mistakes because of my English, what I wanted to say was exactly what you said.

[samcoin]

Inviting other people to invest in Bitcoin carries big responsability. Actually, no one can guarantee where the market will be after 1 or 2 years, simply because whales who control the market aren't the same as before. In previous cycles, people made big profits by buying Bitcoin before the halving and selling it months after then. Now, whales know that people will do the same, so they could manipulate the market to throw small investors out of it. In conclusion, making money investing in Bitcoin is no longer as easy as it was, in my opinion. One of the proofs I can provide, the pump that happened this month, no one was expecting it, while people are FOMOing now after 40% increase.

[erep]

I encourage you to take him to the forum where he can find useful information to start his bitcoin investing journey. But honestly, you shouldn't be in a rush to give someone investment advice. You are new to the market, so you do not have much knowledge about the market, and giving advice to someone is risky for both of you. If someone wants to invest, refer him to the forum or anywhere he can learn about bitcoin, and if he invests or not, let him decide.

You are right, He should provide reference links to forums to learn crypto knowledge, we already have various threads for beginners to know bitcoin and it is very useful for him to explore the basic knowledge he should learn before investing. However, I appreciate that the OP has tried to introduce bitcoin to other people, it's just that you have to increase your knowledge of crypto investments and also have to study the risks of investing so you don't worry about the impact of market fluctuations and you can manage your investment portfolio properly.

[Falconer]

You are right, He should provide reference links to forums to learn crypto knowledge, we already have various threads for beginners to know bitcoin and it is very useful for him to explore the basic knowledge he should learn before investing.

A wise step before investing is to gain knowledge. I think it's great that the OP has made himself a mentor in his first attempt at his friend, that's great but one has to be more self-sufficient when it comes to investing as only the owner of the budget is solely responsible for the loss. It doesn't matter if they work together, but I tend to think that investing in crypto is much safer if you do it for yourself.

Besides, I also agree forum can help friends to gain lot of knowledge, but for whatever reason, forum are not the only place to hone skills and knowledge. There are many supporting media, that includes youtube and some other sites, it should also help him in his pursuit of knowledge.

However, I appreciate that the OP has tried to introduce bitcoin to other people, it's just that you have to increase your knowledge of crypto investments and also have to study the risks of investing so you don't worry about the impact of market fluctuations and you can manage your investment portfolio properly.

Worry is caused by lack of knowledge and experience, but when these two things are owned then of course he will be better in terms of making decisions especially about price volatility.

[JayJuanGee]

If I were to give advice, I would advise him to make small altcoin investments to understand how the cryptocurrency industry works and only buy bitcoin once he understands how things work. I mean, I would feel guilty for any losses that might occur. but I have to say, I would never give investment advice to a novice. when you are both novices, it is not an investment, it is a gamble.

That is Dumb.  You are saying invest in shitcoins for practice for learning about bitcoin..

A smarter idea is to invest a smaller amount into bitcoin, and learn about bitcoin..... the practicing with bitcoin by investing small amounts into it has the potential to inspire further learning and research into bitcoin. Fuck shitcoins.

A funny thing is that you are correct about your idea not to give advice, and you are also correct that a goal for many should be to invest rather than gamble (even though you cannot stop people from gambling, wanting to gamble or even to treat an investment as a way to gamble because they do not know the difference.. but in any event your suggestion to fuck around with shitcoins in order to "practice to learn about bitcoin" is truly a waste of time... learning about shitcoins.. that is not a good investment of your time, energies, psychology and/or money.   

It is a waste of all of those, including brain power to even be thinking about shitcoins as if they were a way to learn about bitcoin because it could well cause confusion and misunderstandings about what bitcoin is, and those kinds of misunderstandings about shitcoins being similar to bitcoin or within the same category and blah blah blah are already so common that people don't even realize that they have hardly any clue about bitcoin because they learn about shitcoins as if they were some kind of similar thing, and it is not true.. so you are a danger to yourself if you cannot figure that out and worse if you are telling others to do it.

You learn about bitcoin by getting the fuck started with bitcoin specifically, just like OP suggested.  Yeah, she is a beginner, and yeah she does not know much of anything including that she might have been telling her friend to get involved oin some kind of an app that might not be secure and it also might merely be allowing for exposure to bitcoin rather than actual ownership of bitcoin, so that is a bit of a potential problem.. in terms of not really buying bitcoin.. even though the word bitcoin was being used in the advertisement.

Sure OP said that she does not know much of anything and she suggested that the friend study more and don't start out with too much in his investment.  Those are good ideas to get someone started, and therefore, who's responsibility is it to look into the matter more in regards to what is bitcoin and what is it that the guy is buying or how he is storing bitcoin or getting exposure to bitcoin, the friend...

Yep, I am going to presume adults are interacting here, and therefore adults are responsible for their own spending of their time, energies and money, and the ONLY way that OP might become responsible is if there was some information that she had that the other person listening to her was treating her as if she was some kind of an expert when she already said that she wasn't an expert.  There are ONLY so many disclaimers that any of us can give to others, and the others have to figure out various kinds of balances for themselves, including how much money they have based on cash coming in and their expenses and other matters like that.

Are there people that still don’t know what bitcoin is all about at this stage?  

Hardly anyone knows shit about bitcoin, and that is why we likely still ONLY have around 1% world-wide adoption, and many folks who are invested in bitcoin are likely underinvested.

I would not presume that merely because people have heard the word bitcoin that they hardly have any clue about it.

It takes a while to understand various aspects of bitcoin, and then it can take a while to figure out whether to employ some kind of a potentially aggressive investment strategy, and then to employ such an aggressive strategy that is not overly aggressive.

This is shocking though, you tried in your one way of explaining to him but I hope you didn’t hype it, I frowned at people that does that because people expectations becomes high and they expect much from bitcoin and along the line, if it doesn’t go the way they want it to be, the reality set in and they give up easily.

It’s always advisable to tell people all they need about bitcoin, not only the sweet talk investment this and that, tell them the risky part of it, it will at least ease their expectations when there is volatility in the price, trust me those are the people that last with bitcoin even when there is FUD or bleed in the market.

Getting through a whole 4-year cycle might be helpful, but still high volatility is not easy to deal with, even with a decent amount of practice, high volatility can still make longer time bitcoiners to still become nervous, even if their BTC holdings may well be in decent profits..

No guarantee of profits either.. even if bitcoin has been amongst the best of world-wide applicable investments in the past 10 years or so.. and even if bitcoin still seems to have an investment thesis that is asymmetrical to the upside and likely getting stronger with the passage of time, rather than weakening in any ways, except that some of the upside of early adoption becomes less with the passage of time, so that the earlier that any of us is "in" bitcoin without losing our stash, the likely that we are quite better off for those kinds of decisions and actions to get in relatively earlier than we might have had if we had not acted when we did.. presuming that we did act to buy and to mostly HODL without losing or selling significant amounts of our stash.

..... but do not go around giving investment advice.

Hahahahaha

What if I walked around all day long with a neon sign that said "buy bitcoin".. or and if anyone asked me, I would just say, when in doubt buy bitcoin.  I doubt that I am responsible ... but I suppose we get into details sometimes, and maybe every time that I have a conversation with anyone and a problem comes up, I say: "You should buy bitcoin, that might help."

So, it does not even matter to me what the problem might be, I might say:  "Bitcoin potentially fixes that."

I suppose technically that is investment advice..   but really, I don't think that I am doing anything wrong.. and seems that the individual needs to figure out their personally specific financial and psychological details, no?

[Artemis3]

You don't get it if you think its some "asset" for investment. Its decentralized money that was not made by the State or banks. You pay with it and are paid with it to gain freedom from the system. Bitcoin doesn't need exchanges, they may help in a transition but at this point its best to simply earn in bitcoin and buy with bitcoin, close the circle and kick out the middle man.

[salad daging]

Yes, that's also what I mean, so that my friend gets a good lesson, because joining this forum is the right thing. because Honestly, to explain bitcoin to my friends, I also lack experience because I'm still a beginner in bitcoin and crypto.

If you lack experience because you can't explain bitcoin then I think you should read an article and this should be given to your friend so that he learns more so you don't need to bother explaining it from the basics because we see now it's practical if we search on Internet.

• https://www.coindesk.com/learn/
• https://bitcoin.org/en/how-it-works

Of course if your friend joins this forum when someone wants to be asked here, surely many will answer it, at least he can interact with the discussion and maybe he will understand more quickly if he really has to do it.
Here there are many articles available that present beginners who come.

[Ryu_Ar1]

However, I appreciate that the OP has tried to introduce bitcoin to other people, it's just that you have to increase your knowledge of crypto investments and also have to study the risks of investing so you don't worry about the impact of market fluctuations and you can manage your investment portfolio properly.

Worry is caused by lack of knowledge and experience, but when these two things are owned then of course he will be better in terms of making decisions especially about price volatility.

Experience can still catch up with me I think because as long as we are in this scope then it is certain that experience will still be there.
The problem is about knowledge, this can be very influential because when talking about knowledge then this really means we have to study and read a lot which basically is very difficult to do because it is hindered by various factors even though the point is only about laziness.

Being a mentor to other people will obviously be very good because after that apart from us being able to share or just argue opinions can still be done later but when we don't have more knowledge I think being a mentor is definitely risky moreover it means teaching other people and we know that teaching what is done wrong then the people we mentor will also follow that mistake.

[freedomgo]

That could be the possible scenario once the seller started to endure losses. But I doubt if he will invest immediately without studying about bitcoin on his own self, as every investment needs prior preparation and deep research before you finally decide to put your money at a risky investment.

Sometimes I wonder if investing is really the best step after some minimal introduction just as in the case of OP. U dont know if the narration is one that comes with some absolute truth but, it's just too early to want to invest almost immediately. You must have been very convincing in your small talks with your supposedly friend and I think you could do well in affiliate marketing with your talent.

Its nice to have brought your neighbour on board and most of all, introduced him to the forum but still, your guidance doesn't end there for him. There is a lot he needs to know and I hope you don't hesitate when the questions come pouring down because it does.

Seems like OP has its strong power to convince someone regardless if those being said are based on facts and are legit. Because he never hesitate on his decision to convince the seller right away to invest in bitcoin, and since the seller has no knowledge too when it comes how risky and volatile bitcoin is, yet his being reckless still push it through. I just hope both have think first it a lot of times before jumping into conclusion and investing quickly into bitcoin without even preparing for it. Well, good luck for both of them, especially for the seller, as he will surely be surprised as to how his investment has turned out.

[AverageGlabella]

At every opportunity I try and encourage my friends to invest in Bitcoin. I have succeed a little instead of buying btc they got into altcoins instead this is probably because Youtubers have convinced them that they are more profitable. I have told them that altcoins follow the trend of btc and at the end will never out perform btc but I guess I have got to let them make their own mistakes because I cannot convince them to invest in btc.   

[Japinat]

Yes, that's also what I mean, so that my friend gets a good lesson, because joining this forum is the right thing. because Honestly, to explain bitcoin to my friends, I also lack experience because I'm still a beginner in bitcoin and crypto.

If you lack experience because you can't explain bitcoin then I think you should read an article and this should be given to your friend so that he learns more so you don't need to bother explaining it from the basics because we see now it's practical if we search on Internet.

• https://www.coindesk.com/learn/
• https://bitcoin.org/en/how-it-works

Of course if your friend joins this forum when someone wants to be asked here, surely many will answer it, at least he can interact with the discussion and maybe he will understand more quickly if he really has to do it.
Here there are many articles available that present beginners who come.

However, these things are only applicable to such friends or people who are really interested to earn some profits and start their cryptocurrency journey even if they start with Bitcoin or some other altcoins because if they aren't serious to it, joining the forum and reading some article about crypto will be gibberish to them. I believe our sole job is to plant those seeds to their brain that there's indeed an asset and investment for the future and let them do the next step as long as you provided all what's needed for them to start.

[Fivestar4everMVP]

Your starting point is good. If someone pitched me a product or something like that. I probably thought he was a liar at first. Regardless of whether this person is a friend I know well, always be vigilant against others to prevent being deceived.You can tell him the basics and let him figure it out on his own.

Telling them the basics and leaving them to figure out the rest is what I've learnt to do recently, this is due to the fact that the price of bitcoin is very volatile, me that have been long in this space how to handle the fluctuations without freaking out, but most of this newbies will just keep steering at the price movement and immediately the price goes below their buying price, they begin to call you on phone to complain about the price going down, i had this experience recently and i tell you its not funny, infact, for a long time, I've never been so pissed at a friend .   

[salad daging]

If you lack experience because you can't explain bitcoin then I think you should read an article and this should be given to your friend so that he learns more so you don't need to bother explaining it from the basics because we see now it's practical if we search on Internet.

• https://www.coindesk.com/learn/
• https://bitcoin.org/en/how-it-works

Of course if your friend joins this forum when someone wants to be asked here, surely many will answer it, at least he can interact with the discussion and maybe he will understand more quickly if he really has to do it.
Here there are many articles available that present beginners who come.

However, these things are only applicable to such friends or people who are really interested to earn some profits and start their cryptocurrency journey even if they start with Bitcoin or some other altcoins because if they aren't serious to it, joining the forum and reading some article about crypto will be gibberish to them. I believe our sole job is to plant those seeds to their brain that there's indeed an asset and investment for the future and let them do the next step as long as you provided all what's needed for them to start.

Of course they have to be patient in the journey at the beginning and have to read more often in the articles that are presented which they think are useful along the way starting from bitcoin or altcoins it doesn't matter but he has to have the courage to do this, it is certain that at the beginning they will lose because they don't know the real pattern but from that experience they will get up and start more to be able to choose bitcoin.

But there are lazy people who only see other people's success from crypto seeing their success but don't see it from the risk side, so these people don't want to be responsible and well, usually they will just be bullshit.

For those beginners, take as much knowledge as possible in the world of crypto, don't want to achieve success at the beginning because it may not require a process, but when you already know all the knowledge learned so far you will be successful and be able to choose future assets.

[Newlifebtc]

Inviting someone in Bitcoin I have to know exactly the things that we did the person because when the person invest in Bitcoin and The thing happened not to go well the person will come and disturb you for putting him or her into a bad side of investment so we always be careful for people that we put into investment or introduced into bitcoin because we know that the market or bitcoin is something of risk and it is due with advantages and disadvantages

[AverageGlabella]

Inviting someone in Bitcoin I have to know exactly the things that we did the person because when the person invest in Bitcoin and The thing happened not to go well the person will come and disturb you for putting him or her into a bad side of investment so we always be careful for people that we put into investment or introduced into bitcoin because we know that the market or bitcoin is something of risk and it is due with advantages and disadvantages

Some people will blame you when you tell them to invest but you need to make it clear that this is a investment and they should know what they are getting into by putting money into btc. They cannot hold you responsible especially when they panic sell and you are telling them not to panic because you have experienced this before.

[Broadanbig]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

You did nothing wrong but you are also new in the system so teaching him about it when you have no idea and knowledge about it might be an issue however, you did well by letting him know about the bitcointalk platform where he would learn more about bitcoin and how it works. If he is a fast learner, he would be able to adapt very fast to the bitcointalk platform and get acquainted with how bitcoin works and maybe he might be the one to out you through this time. How does that sound and I hope you would not be in a state of annoyance when he starts teaching you about it. You should not be worried about anything in respect to onboarding your friend into the bitcointalk system. It is a good thing and a goal achieved.

[ZZ8ZZ]

today as usual I went shopping to my neighbor's shop, to buy groceries, for daily needs.
and when I got to the store I saw the shopkeeper holding a cellphone,
and at that time he immediately asked me and while pointing at his cell phone, and said what ad is this, ma'am? and at that time I immediately smiled, apparently on his cellphone there was an advertisement for an application for buying and selling bitcoin and crypto. and at that time I explained that it was an advertisement for buying and selling bitcoin exchanges. and at that time he asked me what is bitcoin? and I explained to him as best I could that bitcoin is an asset for the future, and we can invest in it, and I also explained that I also invest in bitcoin, and after that he finally got interested in investing in Bitcoin, and downloaded the exchange app and he immediately ask to be guided by me to buy bitcoin, and to be honest I'm happy because my neighbors invest in bitcoin just like me..

and I also before he invested, had warned him earlier, that investing in bitcoin is very risky, profit and loss.
and i also suggest to join this forum to learn more about bitcoin.

because honestly I myself am still a beginner. what do you think everything i do
is it wrong or not?

Great! Glad to hear your neighbor/shopkeeper is interested in Bitcoin. It's always great to spread awareness and educate people about different investment opportunities. Just remember, as you mentioned, investing in Bitcoin can be risky so it's important to do thorough research and consider all options before making any decisions. Best of luck!

[tjtonmoy]

I would say you have made a mistake by not giving your friend the proper knowledge about investment in bitcoin, but at the same time you have done a good job. Don't get discourage by this. Rather learn about it and share your knowledge in the future. Don't tell people what to do with their money. Show them the road and if they understand it, they will walk on that road on their own.
What you did is already done. So it's time to teach your friend more so that he will not make any mistake and blame it on to you. And I am sure when your friend comes to the forum, there will be many ready to teach him more. And one thing to keep his assets safe, teach him about private wallets.