How some people see Bitcoin on the other side

[vv181]

So as a newbie I am, can I tell people about Bitcoin or will I get into danger if I introduce people to Bitcoin investment and they lost their little capital?

The main purpose why am asking this question is because some of these fraudsters are using Bitcoin payment to collect people's money and plenty of our citizens who don't know much about Bitcoin and how it works are very much afraid to do anything concerning Bitcoin investments.
So because of these issues hope I won't into trouble for telling my naibours about Bitcoin investments.

There is a problem that your community currently facing and you have the solution! If you look around and found out scammers or fraudsters are deceiving many people and citizens what stopping you to help your own community?

I assumed that the only thing that makes you afraid is they lose their capital due to price changes. If that so, that is surely better compared to people losing their bitcoins to those fraudsters. You can educate your community about what Bitcoin actually is, and its characteristic and how the market works. On the other hand, there is a clear example of what bitcoin is not actually meant to be, which is the one that was preached by the frauds. So you can give a clear distinction by the examples of it.

[serjent05]

So as a newbie I am, can I tell people about Bitcoin or will I get into danger if I introduce people to Bitcoin investment and they lost their little capital?

As a newbie, if you wanted to educate others, educate yourself first so that you won't be spreading wrong information to your neighborhood.  It is a common mistake for a newbie to be excited about their new found investment and forget to get educated themselves before sharing it with friends.  The lack of knowledge often ends up sharing wrong information that can mislead other people.  Aside from that, when trouble is met, as a newbie, it is often to not know what to do to solve the problem.

So my advice, before sharing Bitcoin as an investment opportunity, we must be knowledgeable enough about all the factors and implications of investing in Bitcoin.  Also, avoid convincing people, it will only give you trouble if the investment does not do well.

[Agbe]

In this your thread I will pick out two possible risk in bitcoin. One: bitcoin Investment itself is risky because the price is not stable. Example now that bitcoin is in between 27-28k$ and you tell some to invest with $500,000 and tell the person that he or she will have a profit of $700,000 when bitcoin rise up and the person invested in it with your influenced and waited to reap his profit for about a year and bitcoin price has came down to 16k$ instead of rising and the person is tired to wait so he what to use his money and at that time what will you do? Then the second risk is, as you said, internet fraudsters are everywhere, now in the process of making the Investment for the person, the coins were sent to a wrong address, again what will you do? Investing for someone is not a good thing but you can teach them and not to invest for them

[nakamura12]

Welcome to Bitcointalk forum mate, hope you enjoy your stay and your journey here in Bitcointalk and your journey in crypto field.

First of all, if you want to introduce cryptocurrency such as Bitcoin, Ethereum to your family, friends and neighbors then you are free to do so and you won't get in trouble if they lost their capital or the money they use to invest in crypto as long as you explained it to them about its risk and such. In that way, it won't be your fault that they lost their money and you should also tell them or explain to them that itbis entirely up to them if they want to invest or not. In other words, they are either interested in crypto or not which brings to the explanation earlier which is they invest or not.

Second, you will only get in trouble if someone reported you or someone found out that you are interested in crypto currency and have stored crypto in your wallet like BTC, ETH and BNB IF CRYPTOCURRENCY is banned in your country. If you already know about this then you should know that there are some countries banned the use of Crypto and will be sent to jail if caught and there are also countries that supported Crypto and some even make BITCOIN a legal tender like EL SALVADOR (Try researching about it).

Third, In order for you to make them not very afraid to cryptocurrency is educate them all if they are willing to be educated about it. Though some people may not be interested but still, you should focus on teaching those people who are willing to learn or even make them know about it although they may not use it at all (What I meant about this is that it is better to be aware of something rather than knowing nothing where most of them are either geting fooled or getting scammed).

[ethereumhunter]

Advise them don't join any investment program from any company, group because it can be scam and Ponzi.

Bitcoin is available for them to buy it and hold it as their own investment. They don't need to join any investment program with high promised profit. Investment has risk, risk of loss and if any program guarantees you about profit, you should smell a scam attempt.

However, people want to have profit, guaranteed profit and they don't want to have risk. Unfortunately, with this mind, they choose to join Ponzi program and get scammed.

People who join the investment want big profits in a short time and that's what attracts them to join the fake investment. They did not check the details of the program and directly deposited money to join. And when things don't work out as they thought they would, they complain and ask for a refund. But sadly, the money has gone with the scammer.

But if they just buy bitcoins and hold them in their personal wallets, the chances of them being scammed are slim because as long as they can guard their personal wallets, that won't happen. They also have the opportunity to sell their bitcoins at a high price on a later exchange.

There are no investment programs that are good, let alone offer high profits, it's quite clear that this is a fraud to attract a lot of attention, especially beginners who are new to bitcoin, and well, bitcoin is always associated with things like this, even though we are clear that bitcoin does not involve any investment unless we start it ourselves. his.

In essence, never involve other people's money for any offer, just buy and hold it is the best for us to start long-term investing in bitcoin but the rest if there is a program from a company offering investment in bitcoin it is clear he will start with his fraudulent actions .

We must give them advice not to fall into that trap and not be tempted by high ROI gains.

But that's what's happening around us where currently the name "Bitcoin" has been misused by people who are not responsible and only want to benefit from deceiving others. But if those people would take the time to learn and check out what's being offered to them, they could certainly avoid the scam.

It's about how we can keep the money we want to invest and not be easily tempted if an investment program is too good to be true. And if they have bought bitcoins, it's better for them to keep them than to invest in programs we don't know the truth of.

If we encounter this thing with our family or friends, we should warn them and advise them not to try to join because it will only trick us later.