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

[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.

[1715233921]

1715233921

[1715233921]

1715233921

[1715233921]

1715233921

[1715233921]

1715233921

[1715233921]

1715233921

[1715233921]

1715233921

[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.