Which of your friends and relatives deals with bitcoin?

[Kakmakr]

Yea, I think I am like your uncle....

I am giving "Bitcoin" presents to my friends and relatives that are interested in Bitcoin.... and I am the crazy Bitcoin uncle that only wants to talk about Crypt currencies.

My obsession in the early days.. brought a lot of friends and family into Crypto currencies and some of them are even doing much better than I am at the moment. Some of them lost money, because they sold too early or they needed the money. 

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[lovesmayfamilis]

Not everyone is as lucky with uncles as you are, OP. Many of us make our way through trial and error. In my environment, people know that there is Bitcoin, but no one is passionate about it. Even talking about the forum, you can get a lot of information here very well; my friends are not tempted to check it out. Maybe it's laziness or other employment. I do not want to impose anything on anyone, and I understand that everyone's interests may be different. Therefore, in my own way, I am alone in the circle of my friends if we talk about communication, but I think that soon many people will be interested in bitcoin; it’s just that each person has his own time and his own way to it.

[Cantsay]

Nice story Op, but for me, only my older siblings know that I'm into Bitcoin and they also deal with bitcoin but none of them are into trading. They just buy and hold till the price is right for them to trade.
But as for my other relatives like my uncles, aunts etcetera, none of them know about my dealing with Bitcoin and I'm not sure if I'm ever going to tell them because I believe that they don't have anything to offer rather than criticize me wrong for dealing with a scam.

[~snipped~]
I hope this will be useful for those who still store bitcoins on the exchange, you should think about security and hold your coins on hardware wallets.

True, a hardware wallet is the best but you can still use an open-source cold wallet and get the same security that a hardware wallet provides, it all depends on how you handle your wallet. If you're still careless with your hardware wallet it can still get compromised so the security of a wallet depends largely on the user.

[Outhue]

It feels good and calming to see a newbie talking about not leaving their assets on crypto exchanges, it shows you are different and always learning, do not put a stop to this, because this is the most perfect way to know more about crypto and how to always keep your assets safe from scammers and hackers.

The only person that I had was my father, he is no more, he believes in Bitcoin and he strengthen my belief as well, it got to a point where I started losing patience, when I talk to him about how impatience I am becoming he would say that good things takes time, that there is no need for a rush.

I still have a mother, till this day she still can't figure out if Bitcoin is a good technology or a bubble that might burst somewhere in the future, she is 71years old this February 2023, she is old and I can't blame her for not understanding.

[kelonmusk]

I completely agree with you and your uncle that safety is of utmost importance when it comes to investing in cryptocurrencies. Personally, it's great that you have moved your coins to a hardware wallet for added security.

And I think it's also important to spread the word about the importance of keeping your coins safe.

If your investment in Bitcoin, it's great that you are starting small and building your way up. Like you said, it's like a young tree that takes a few years to start fruiting.

I mean, Bitcoin is still a relatively new technology and we are still figuring out how it will be used in the future.

But, I think it's important to keep an open mind and keep learning about Bitcoin and cryptocurrency. It's a constantly evolving space and there are always new developments and opportunities to explore.

[FahriZah]

I Have One Best Friends He Looks Likes My Big Brothers Also And He Working With Bitcoin And Crypto Currency Sectors From 2014 I Seen More & More Time My Friends Is Very Expart Now In Crypto He Know More Information Better Than Me.Like Crypto Currency Trading, Earning,Mining And Many More Etc.

[yhiaali3]

Interesting story but my story is the opposite of your story, I got acquainted with Bitcoin on my own by chance and learned everything about it while none of my friends or family knew anything about Bitcoin.

I learned everything on my own and later I brought the knowledge to my friends and family, at first they did not understand anything about Bitcoin and many of them did not believe that money can be made through this unknown thing.

Now the knowledge about Bitcoin has started to increase around the world and everyone is interested in knowing everything about Bitcoin. I think we may reach adoption in a few years.

[Cryptomiles1]

He explained to me how to register on the exchange, how to buy and sell, everything was clear and I started trading a little, at first my friend helped me, then I started doing it myself. I always kept all my coins on the exchange.

Do you stop trading after knowing it's not good to leave your funds in exchange and then you moved your to ledger wallet. How do you go with the trading you learned from your friend and uncle you stopped everything after you noticed isn't pretty cool leaving your funds in an exchange or were you also moving your funds between like whenever you want to trade you send back to exchange and after you finished trading you take out from the exchange to your wallet. How do you manage to figure it out or after discovering this forum you quit trading entirely?

[Dr.Bitcoin_Strange]

Almost all my friends are into crypto now, and I am the one teaching most of them. I did learn everything by myself, the only thing I can say is that I became more exposed to cryptocurrency after attending a seminar in school. I learned how to trade on YouTube and my first registered exchange was Binance, also, my first bought token was on a DEX. Security is very important in crypto investment; otherwise, you will be investing just what some random scammers will steal and all your efforts will turn a wast.

[xSkylarx]

He explained to me how to register on the exchange, how to buy and sell, everything was clear and I started trading a little, at first my friend helped me, then I started doing it myself. I always kept all my coins on the exchange.

Do you stop trading after knowing it's not good to leave your funds in exchange and then you moved your to ledger wallet. How do you go with the trading you learned from your friend and uncle you stopped everything after you noticed isn't pretty cool leaving your funds in an exchange or were you also moving your funds between like whenever you want to trade you send back to exchange and after you finished trading you take out from the exchange to your wallet. How do you manage to figure it out or after discovering this forum you quit trading entirely?

He meant that he ain't holding any money on exchanges like we used to, where if he earns a decent profit from trading on an exchange, he usually sends it directly to his ledger, but still he needs to leave some funds to continue trading. He didn't say that he quit; he is just safeguarding his bitcoin as part of his security. It doesn't mean that every time he wins a trade, he then transfers it; it just means that if he accumulates profit by the end of the day, he will then transfer it.

[Cryptoababe]

I recently read a thread where investing in bitcoin is compared to a young tree that takes a few years to start fruiting, this is a very good comparison, I will project it on my investments and hope that everything works out

The Thread you found about bitcoin is right. The fact is everything about bitcoin works out. Its just like a magic. Although, there are always different kinds on obstacles on the way. But it will later work out.

[Cryptomiles1]

He explained to me how to register on the exchange, how to buy and sell, everything was clear and I started trading a little, at first my friend helped me, then I started doing it myself. I always kept all my coins on the exchange.

Do you stop trading after knowing it's not good to leave your funds in exchange and then you moved your to ledger wallet. How do you go with the trading you learned from your friend and uncle you stopped everything after you noticed isn't pretty cool leaving your funds in an exchange or were you also moving your funds between like whenever you want to trade you send back to exchange and after you finished trading you take out from the exchange to your wallet. How do you manage to figure it out or after discovering this forum you quit trading entirely?

He meant that he ain't holding any money on exchanges like we used to, where if he earns a decent profit from trading on an exchange, he usually sends it directly to his ledger, but still he needs to leave some funds to continue trading. He didn't say that he quit; he is just safeguarding his bitcoin as part of his security. It doesn't mean that every time he wins a trade, he then transfers it; it just means that if he accumulates profit by the end of the day, he will then transfer it.

Okay.. this is very cleared to me now, you know most at times people don't always make their statement understandable to their reader. I am happy for him joining this forum being it lessen stress and make newbie or beginners understand things more better than the way we could explained to them.

[PrivacyG]

If you are young and passionate about Bitcoin and making money.  Do not trade because it is not as simple as it seems.  You can be a good trader if you know what you are doing.  But if you are not.  Then you will probably fail and you do not want to go broke out of silliness.  It is very easy to be tempted and all.

Before trading, I advise you at least research as much as you can about it.  Take some courses.  Try with some demo accounts.  See if you choose to act and move funds at the right time.  Unless you are convinced you can do this, do not trade.

-
Regards
PrivacyG

[tabas]

It's really the best advice to keep that we have to secure our funds or crypto assets through keeping it with a hardware wallet. The security of it is way better than those wallets that we've been introduced like the web wallets which is common for beginners.
I've got a couple of friends that have been into bitcoin investing and all of them started to expand their investments and portfolio through buying different altcoins. I've already told them my thoughts about it and there's nothing wrong with it as long as they will not forget that they all started out with bitcoin and all the crypto in the market are moving because of it, so, they shouldn't just leave it. And as they invest, they have to make sure that it won't be painful to them with the money they allocate into their altcoin investment expansions.

[Inwestour]

I learned everything on my own and later I brought the knowledge to my friends and family, at first they did not understand anything about Bitcoin and many of them did not believe that money can be made through this unknown thing.

Now the knowledge about Bitcoin has started to increase around the world and everyone is interested in knowing everything about Bitcoin. I think we may reach adoption in a few years.

Something similar happened to me, I had to learn everything myself, and still only a few of my family know that I invest in bitcoin. Each has its own history and all of them are interesting in their own way.

OP, you are lucky to have someone who pointed you in the right way from the very beginning, because the world of cryptocurrencies is very large and it is very easy to get confused in it for those who take their first steps in it.

Remember one more important lesson, money loves silence, try to let as few people from your environment as possible know about your investments, this will not be superfluous for your own safety.

[DapanasFruit]

Based on my own experience with cryptocurrency, I never got any friend that was involved with it. What happened is that many of my Facebook friends were into and that is when I took notice. Unfortunately, my first crypto was a big scam called as TBC or The Billion Coin which we learned later got no blockchain platform of its own. Oh well, then I got into Ponzi-type of programs where I earned some and lost some. Of course, I now learned the big lessons of never trusting anybody online specially if a program is seducing me with greed.

[Edwardard]

As most of the people got their stories, mine is somewhat similar. None of my relatives deal in bitcoin but everyone knows about it for sure. They are all just too afraid of the volatility (just like all average mentality ppl in the world).
Actually, we all should fee lucky that we found interest in bitcoin in the first place. Not much ppl can begin to start loving it, lol

[Z-tight]

The Thread you found about bitcoin is right. The fact is everything about bitcoin works out. Its just like a magic. Although, there are always different kinds on obstacles on the way. But it will later work out.

BTC is a currency, and i don't know the 'obstacles' you are talking about, but you can spend it at anytime, you just need someone who wants to buy, or a merchant that wants to accept it as payment for what you bought. The talk of BTC works like magic feels like a statement that one can get rich quick if they buy BTC, i'm sorry but that is not correct, while the BTC network works anytime for spending, if you are speculating with its price you have to wait for the long period, it does't rise like magic.

[bitzizzix]

I regret not knowing about bitcoin before I did in 2017, because I have a few friends who have known bitcoin for a long time and they often talk about it when we get together. And my mistake at that time was because I didn't care nor was I curious about what they were talking about, which in the end I questioned what they were talking about and that's where I started.
and i consider them very special friends because if it wasn't for them i would not have known bitcoin until now and it also made my life change drastically especially in financial matters, and the matter of keeping bitcoins very secure is a must. And even though we don't get together very often, we do keep in touch or communicate well and still frequently discuss issues related to bitcoin and others.

[jeraldskie11]

#Not your key not your coin" is one thing that's strongly preach across this forum warning users the danger against not having control over your assets. 

That's not the only risk you will face if you continue to use CEXs. If the exchange is hacked it is possible that hackers will use your identity against you. That's what happens to C.T, it's a real story and you can see more details here: What happens when your identity is stolen -- real story || Avoid CEXs!

That's why if you're only going to hold assets, it's better to put them in a hardware wallet or a software wallet where only you knows the private key.