Educating unemployed friends about Bitcoin

[Fuso.hp]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

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[Ojima-ojo]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

What make you think you are the only person that have knowledge and use bitcoin, since Bitcoinbosa privacy incline asset and movement, its hard to know those using it or having basic knowledge about Bitcoin.

So sincerely you cant be 100% sure that you are the only one that knows and use Bitcoin in your region/area, may be gou are the first to exposed your Bitcoin involvement and making public awareness.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

I wont condemn your attempt to focus their attention on the earning aspect to you friends because, this type of starting point only lead to frustrationwhen they expectation to make money quickly from Bitcoin doesn't come on time.

But then Bitcoin is the freedom to financial problem only if you have the basic knowledge about bitcoin and it usability, and also how to securely own and store your bitcoin.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin cryptocurrency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

It's easy, bitcoin is self-thought and since they have access to the internet and smartphones, they can have access to online tools that could help them and also you can introduce the forum to them and let them learn on their own.

[Adbitco]

I don't know your country but as for me to be a good law abiding citizen it's better you don't involve yourself to what your country didn't encourage to avoid violating their regulations. But if you must go further to teach them about bitcoin, you don't have to go above your limits or only teaching them about security aspect and usefulness, it must not only be the investment aspect.
Then secondly, investing in bitcoin doesn't guaranteed a total turnaround of becoming rich or wealth over night. Know too well that if they venture into bitcoin it could take about 1 year or more to get stabilized since the market is too volatile.

[lovesmayfamilis]

I always thought that if a person is looking for a job, he will be glad to accept any offers. Your friends, as you speak, are very cautious and skeptical of your words. But I always wondered where it says on the forum that we are trying hard to teach and persuade people to invest, especially people who are far from crypto. Why are so many people taking on the role of teachers to supposedly help their friends? Want to help? Give them money; moreover, if you can give some examples, as you write, about the many ways to earn Bitcoins, I will be grateful.
I'm not against you, OP, but if a person is a doctor, for example, and he forces you to go and get a medical specialty, how will you react? Some are simply not interested; you should not be intrusive; bitcoin does not need advertising; as you can see, it has been very independent and sufficient for many years.

But when I tell them that I have a rough understanding of Bitcoin.

 

[Rikafip]

Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

With so much info around, why do you even feel a need to educate your friends about Bitcoin, let alone in the country where crypto is completely illegal? But, if if you really want to help them, share them 5 Resources to teach Average Joe about Bitcoin which is a decent start.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects.

Even if you explain them all the dangers of investin in bitcoin, I would still avoid doing that. Trust me, if something happens and they lose money, they will probably blame you and will easily forget all the warnings. I learned that lesson the hard way long time ago and now I don't talk anyonme about investing.

[mindrust]

I don't think that's a good idea. Unemployed people are easy targets for the casinos and even though bitcoin itself has nothing to do with gambling, these people may see it like a get rich quick scheme. If they think they'll get rich investing in bitcoin then they will make some wrong doings like investing in shitcoins, day trading etc. Because they will realize that bitcoin isn't risky enough and you need to take more risks to make more money. Since they have no jobs, they will take the maximum risk and that's a recipe for a disaster.

[SamReomo]

I don't think that in the whole area only a single person knows about Bitcoin. The Bitcoin isn't a new thing anymore because nowadays, many people are aware of the thing, but some people like to keep it as a secret rather than sharing information about it to others. I have seen many people in my area who are into Bitcoin trading, but most of them somehow, make up stories to show that they have no knowledge about the crypto-currency.

I must warn you if the Bitcoin is not legal or allowed in your country than promoting it to others are educating them about it can be a legally challenging task for you. It's always better to share them the online sources so that they can learn about the thing on their own because in this date and time there are so much material about Bitcoin present in the form of texts, and videos available free of cost. If you still want to promote the awareness of Bitcoin in your community then the best option is the guide them about this forum because they will learn so many things about Bitcoin when they start reading the posts of the forum.

Do not guide others to invest in Bitcoin because if anything goes wrong then all of them will blame you for that. It's always a wise thing to just share the information and let them to decide. In this day even if someone faces a loss then the person will point the finger towards the one who encouraged them to invest in the thing. Although, I can understand that you're trying to help those friends, but I still recommend you to help them with information only and let them to decide whether they want to invest in Bitcoin or not. If they are still willing to invest in it then you should guide them the safest way to invest into the cryptocurrency. That's more than enough a friend can do for them, and they'll appreciate your efforts if they get profits from the investment.

[hZti]

If you want to invest in bitcoin to earn some money you are going to have a very hard time. Bitcoin prices are volatile and will stay this way for some more years. The only way is to work like normal and safe a small amount every month in bitcoin. Everything else is basically gambling and will fail on most cases.
Stil, there are some jobs for your friends also in the crypto world, if they have coding skills.

[m2017]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

What a humble statement. How can you be so sure that no one but you knows about bitcoin in your region?

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

If your friends were really interested in bitcoin, they would have found the correct and truthful information themselves a long time ago. We are alive in the digital age - what problems can there be? Then they would not be under the false misinformation of the mass media about btc.

It is extremely naive to believe that unemployment will disappear if everyone starts get involved in bitcoin. You are greatly mistaken. In the BTC-community there are not only those who have earned with the help of bitcoin, but also those who have lost. As in any business, you also need to work hard here, but if you don’t try to change anything, then your friends will remain unemployed.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

The best example is a visual example. If you show what heights are achievable thanks to btc, then this will surely interest their curiosity and then they themselves will come to you with a request to tell you how you did it. That's it at this moment, you will start helping your friends. And empty talk not fixed (not proven) by anything will only lead to nothing.

[AbuBhakar]

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

This is true if your profession is related on programming or anything that will get you a job related to Bitcoin. But if all of your profession doesn't fit on Bitcoin or crypto in general then you really need to find a way to get your normal job because Bitcoin is not a salary making machine in contrary to what is currently running to your mind.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I really feel the danger on what’s coming based on your story. You are attracting them to invest due to their unemployment and the tendency for them to chase profit is very high. They might ended up investing on shitcoins once they have more knowledge on crypto since you are looking for a source of income and not knowledge.

There's no harm to put savings on Bitcoin but relying on it as main source of income is a terrible decision to be made. You really need to find a decent job then invest on Bitcoin. The age of faucet free money is already gone since Bitcoin price is already high.

[Mate2237]

I thank you for creating this thread to complete your post and activities of the day. This is not needed. You need the forum to guide you to teach your friend. This is ridiculous. Who taught you and how did you come to know bitcoin. Some of lies when you people are lieing at least make it factual. You said you are the only one knows bitcoin in your locality. I take that one as a very big lie. In this 2023, all the Communities, villages in the globe people have gotten the awareness of bitcoin.
You can even teach them the way you come to know about bitcoin. So there is no need for the forum to teach to teach them.

[Minecache]

Hope you guys can give me proper feedback on this and help me move forward in helping them.

How did you learn bitcoin, and where did you learn its basics? Use that method and pass it on to your friends, I think it's simple and can work for both of you. But will you give investment advice and want to guide them to invest in bitcoin with their savings? If that's your intention, then I don't think it's a good idea because, as you said, they are unemployed, and someone with no steady income shouldn't invest in bitcoin even if it's savings. Have you thought about the consequences if their investment fails and what happens when they are unemployed and have no savings left? You should encourage them to find a paying job before thinking about investing, bitcoin cannot get them out of unemployment by investing.

[bittraffic]

Your government made BTC illegal. You don't want them to blame you once the authorities caught them. Only way they can hide it is if they know how to use tools for anonymity which is another lecture to do but you can't be sure how careless they may be.

They are unemployed and my guess is that they don't have something to invest. This should be the first to solve first, its a long way but one at a time before introducing them to BTC.

[Porfirii]

I agree with the OP that in many countries Bitcoin poses a good opportunity to make a living. Citizens from these countries can join signature campaigns for a living because their rewards equal the average income in their homeland, not to talk about other potential sources of income. For instance, a few years ago a friend I made here in the forum and who lived in a developing country was able to build his house with the income he gained in a few months.

I don't know where you live or penalties that could be imposed on you if cryptocurrencies are illegal in your country. I'm also a law-abiding citizen, but where rules are unreasonable, I guess that you'll have to choose.

With so much info around, why do you even feel a need to educate your friends about Bitcoin, let alone in the country where crypto is completely illegal? But, if if you really want to help them, share them 5 Resources to teach Average Joe about Bitcoin which is a decent start.

Great source of info! I'll propose to translate this topic in the AOBT when we finish the translations currently ongoing.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects.

Even if you explain them all the dangers of investin in bitcoin, I would still avoid doing that. Trust me, if something happens and they lose money, they will probably blame you and will easily forget all the warnings. I learned that lesson the hard way long time ago and now I don't talk anyonme about investing.

It is my experience also that it is better not to do that: if you give some advice and your friends lose money, they'll blame on you; but even if they win, many won't thank you either. Not to talk about the risk you run if Bitcoin is illegal in your country. Live your life and don't worry so much about others.

[Awaklara]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

How does an unemployed person think about investing? while they also need money in their savings that they have to use for their needs. sorry, but that just sounds irrelevant. although I know that investment can be done by anyone. but at least those who do are those who have income even if they are not financially strong.
although Bitcoin might be good for them to invest in, it's better to get them to build a business with their savings. and after earning, you can invite them to invest in Bitcoin with the profits from their business.

[SatoPrincess]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

I doubt that’s the case, it could be you’re the only one among your friends that is interested in bitcoin. There’s a lot of content about bitcoin on social media and it’s hard to see anyone who hasn’t heard about crypto these days. 

Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

That’s because your story sounds too good to be true, are there really many ways to earn money with bitcoin?

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I think you should be completely honest with your friends, you shouldn’t tell them the good stuff and refuse to tell them the risks involved in bitcoin investments.  Right now, you’re giving them a false impression of what bitcoin is, and they may believe bitcoin is a get rich quick scheme.

[Wend]

Your government made BTC illegal. You don't want them to blame you once the authorities caught them. Only way they can hide it is if they know how to use tools for anonymity which is another lecture to do but you can't be sure how careless they may be.

They are unemployed and my guess is that they don't have something to invest. This should be the first to solve first, its a long way but one at a time before introducing them to BTC.

If I were OP, I wouldn't recommend my friends invest in bitcoin because they need a steady source of income right now, and bitcoin can't help them do that. How can someone without a job invest in bitcoin? The savings will also be exhausted if we use it and don't have any additional sources. Not to mention the investment is very risky, there is no guarantee they will be profitable and out of unemployment.
OP, moreover, it's not wise to give investment advice to others. Have you ever thought if the investment fails, what will happen to your friendship after that?

[suzanne5223]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

I doubt that’s the case, it could be you’re the only one among your friends that is interested in bitcoin. There’s a lot of content about bitcoin on social media and it’s hard to see anyone who hasn’t heard about crypto these days. 

You're right because we are living in the century most people 1 or hours of their on social media and it is hard for them not to have see crypto Twitter or Facebook making some hype post about Bitcoin.

Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

That’s because your story sounds too good to be true, are there really many ways to earn money with bitcoin?

Is either his story sound too good fo be true or they have once heard about Bitcoin but not from someone they trust or it could be the opportunity of them escape unemployment.
For earning, yes there are many ways. Such as lending, trading, mining, etc.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I think you should be completely honest with your friends, you shouldn’t tell them the good stuff and refuse to tell them the risks involved in bitcoin investments.  Right now, you’re giving them a false impression of what bitcoin is, and they may believe bitcoin is a get rich quick scheme.

Yes, they have every right especially the negative.

[bittraffic]

Your government made BTC illegal. You don't want them to blame you once the authorities caught them. Only way they can hide it is if they know how to use tools for anonymity which is another lecture to do but you can't be sure how careless they may be.

They are unemployed and my guess is that they don't have something to invest. This should be the first to solve first, its a long way but one at a time before introducing them to BTC.

If I were OP, I wouldn't recommend my friends invest in bitcoin because they need a steady source of income right now, and bitcoin can't help them do that. How can someone without a job invest in bitcoin? The savings will also be exhausted if we use it and don't have any additional sources. Not to mention the investment is very risky, there is no guarantee they will be profitable and out of unemployment.
OP, moreover, it's not wise to give investment advice to others. Have you ever thought if the investment fails, what will happen to your friendship after that?

As much as he care for them to have something to hold on for the future, they may blame OP since there is no assurance what could happen. He might lose these friend of him when things go south. I strongly suggest the maximum caution because BTC is illegal in the country.

Getting employed is the first to worry before diving into BTC. You don't wanna see then sell in loss.

[CryptoHeadlineNews]

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Point of correction, Bitcoin investment does not offer an employment opportunity of any kind, but rather there are ways through which one can earn money from its volatile market nature (i.e trading) of which at times you could either go into profits or lose depending on the market movement & your level of experience for that day.

but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin cryptocurrency is completely illegal in my country. So how can I help my friends in this regard?  

Moreover, Bitcoin is a very good investment option, most especially for long-term investments not affected by inflation. But rather, it is not an investment you try to pursue or force people into it so that if the market happens to go not as planned, nobody gets to blame you for introducing them to it. And secondly, there are a lot of "Beginners guide to Bitcoin" that explains all you need to know about this currency as a newbie, which you can get that from either Google or forum by using the "search" button at the top right corner.

[salad daging]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

You have given basic teaching to your two friends who want to invest and the rest he can search the internet for further knowledge and think of his own accord without involving you so on, so you have to tell your friends even though you have given the negative and positive aspects but that's all in beyond your responsibility if someone suffers a loss so you won't be blamed for it.

For other friends who are interested in bitcoin, you just need to provide some resources or articles about bitcoin, I think there are a lot of them on the internet, let them read and understand it themselves, when they understand, they will start thinking in their own way.

If that makes you doubt, especially if you get caught by the law, because it's illegal, then there's no need to teach them.

[ImThour]

Whether someone is educated, uneducated, employed, or unemployed, the way to educate someone about Bitcoin should remain the same. It's decentralized.
Now on the basis of their education level, give them familiar examples of what decentralization is. Be your own bank. Make them understand the scarcity of Bitcoin.

Because price is all about supply and demand, let them know why there is a demand of Bitcoin in the world.

[panganib999]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

First off, if they are thinking that way you might wanna check if they are indeed saying the truth. We can't really be too complacent with recommending bitcoin to people who don't know it yet cause they have justified reservations for not choosing bitcoin. In this case, since they're scared shitless of getting incarcerated, I think it's best that you check first if there are laws or ordinances that are in place within your country illegalizing bitcoin and cryptocurrency in general.

Telling them to invest is a much better idea than narrowing it down to bitcoin, let them discover it themselves.

[Hyphen(-)]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

Because Bitcoin knowledge is not anything physical that anyone can see, you can't tell if someone has it or not because some people don't like flaunting their knowledge. They will have the knowledge, and no one will know until the need arises.

Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

What do you mean by telling them all about Bitcoin? Does this mean that you told them everything or that you told them the little you know about Bitcoin?

I don't think it is a good idea to focus on how to earn money using Bitcoin early because someone who needs to learn something should first focus on the basic knowledge before the benefits.

What are the ways to get money using Bitcoin that you introduce them to?

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Make sure you tell them the risk involved in Bitcoin investment and also the effect of leaving their coin in a centralized exchange.

[BIT-BENDER]

Great that you talking to your friends about investment and definitely not about the real Bitcoin, I think it would be very nice if people who tell their peers, friends and family about the benefits of investing in Bitcoin differentiate it from them talking to their friends about Bitcoin.

It's a good thing you have your mates interests at heart and you believe that their state of unemployment can change through Bitcoin, but it can also change through them Investing in real estate or any other investment not necessarily Bitcoin.

I encourage you to start tell them about bitcoin as a financial system where unlike the banking system it's decentralized and they are in control of their funds, tell them about the fast transaction that doesn't require any third party, explain to them why you are enthusiastic about Bitcoin apart from investing.

[darkangel11]

I like how you believe in bitcoin, OP, but it's not something that you can rely on to get you guys out of unemployment.
If you have a business idea that could accept bitcoin, great, if you can do something online like draw, paint, translate, great, but if you think you'll buy bitcoin and sell it to 10x your money, you'll probably be disappointed and I doubt you have enough money to invest to rely on 3x to change your life.

Because there are enough ways to earn money with Bitcoin.  

You're looking at it wrong. You're not making money with bitcoin. Bitcoin is money!

I don't know your country but as for me to be a good law abiding citizen it's better you don't involve yourself to what your country didn't encourage to avoid violating their regulations.

Have you ever heard about civil disobedience?

One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws.
Martin Luther King

If your government told you that from now on it's illegal for men to pee standing and they all have to sit on the toilet, would you play along? They can ban banks from accepting money from exchanges. They can ban businesses from registering, but they cannot ban you from owning bitcoin. It's impossible, pretty much like forcing people to stop eating meat or drinking alcohol.
                                                                                                                                                

[cydrix]

To be a responsible citizen, it is advisable not to engage in activities that violate your country's regulations. However, if you choose to educate others about Bitcoin, it is important to stay within the boundaries set by your country and focus on aspects such as security and utility, rather than solely emphasizing investment opportunities.

Furthermore, investing in Bitcoin does not guarantee immediate wealth or overnight success. It is essential to understand that the cryptocurrency market is highly volatile, and it may take a considerable amount of time, potentially a year or more, for investments to stabilize.

[aylabadia05]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

Among the number of people living around you there may be other people who know about Bitcoin but they choose to remain silent because of privacy.

[snip] but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Even anyone who is involved with Bitcoin, then your country's administration will catch him. Sounds very scary your country.

I don't want to teach you to fight the state administration, but those of you who are knowledgeable about Bitcoin can judge that there are countries that prohibit Bitcoin activities but there are people living in those countries who can still make Bitcoin transactions.
Bitcoin activity only requires internet and it can be done indoors without being seen.

If your friend is willing to invest in Bitcoin on the basis of the explanation you provide, then teach them how to buy Bitcoin, where to buy Bitcoin and where they should store Bitcoin.

[_BlackStar]

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Getting involved in bitcoin as an investor or trader does not necessarily earn them returns.
There is no guarantee that their investment in bitcoin will bring them a good return as long as they don't know how to do it. There are many fake platforms out there, some fake wallets and fake investments too. Make sure your friends avoid all of them if they want to invest in bitcoins, and try to avoid holding them on exchanges for long-term investments.

And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

If bitcoin is illegal in your country as a means of payment, then don't use bitcoin as money. You and your friends can use it as an investment asset or day trading while maintaining your privacy and safety from the law. But I don't know where you come from and what is the legal status of bitcoin there. Bring them to forum, study together and they will find a bright spot.

[Russlenat]

I don't think that's a good idea. Unemployed people are easy targets for the casinos and even though bitcoin itself has nothing to do with gambling, these people may see it like a get rich quick scheme. If they think they'll get rich investing in bitcoin then they will make some wrong doings like investing in shitcoins, day trading etc. Because they will realize that bitcoin isn't risky enough and you need to take more risks to make more money. Since they have no jobs, they will take the maximum risk and that's a recipe for a disaster.

Based on how you educate them about bitcoin, they will end up believing that bitcoin will make them rich quickly than finding stable jobs that will suit for them. And that is a very wrong mindset. You should have warned them how volatile the market is that could bring them life changing losses than to expect for future profits. At the end of the day, everything will fall on gambling. If they come to invest their hard-earned money without enough knowledge and preparation for it, they will only end up losing all of them because of how they set their mindset into bitcoin.

[Stalker22]

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Oh, absolutely! Forget about traditional job markets, education, and skill development. Just jump on the Bitcoin bandwagon, and all your employment worries will magically disappear!  

But seriously, sarcasm aside, while Bitcoin and cryptocurrencies can provide unique opportunities for earning, very few of them result in sustainable income or long-term financial stability.

Let us explore some ways to earn bitcoins. There are four common methods: investing, mining, trading, and freelancing/accepting Bitcoin payments. However, considering your friends' unemployment status and limited start-up capital, the first three options may not be viable. That leaves us with freelancing and accepting Bitcoin payments, which can also be done using traditional payment methods, not just cryptocurrencies. So, what other ways do you suggest for your friends to explore in order to earn Bitcoin?

Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?

Engaging in illegal activities can have serious consequences. If Bitcoin and cryptocurrencies are illegal in your country, I suggest exploring other legal and legitimate financial opportunities that align with the laws and regulations of your country.

[Franctoshi]

You should be careful while trying to help this guys out so you don't get yourself into trouble knowing that Bitcoin is still not legal in your country, however there simple ways you can go about this, If actually you want to help this guys out with Bitcoin education, this is a very simple something to do, they're your friends and they are also aware that your government is somehow against Bitcoin, So this is enough reason that they should keep their mouth shot while on the process of learning to avoid the information to spill out that you guys are into Bitcoin.

[sunsilk]

Are you sure that you're the only one that's knowledgeable about Bitcoin in your area? Because you'll never know if one of the friends you're talking about could just be an agent of your government and soon will turn over you to them for committing such illegal activities based on what you've said and that is teaching your friends Bitcoin.

And if you know some ways of earning Bitcoin, you should just show them how you're able to do that and that's the introduction you need to do. After that, it's all them. Do not be too pushy on them whether they have savings or none.

[Baofeng]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

You already help them by telling everything about Bitcoin, the good and the bad, and that's is enough I guess. I was caught though by the statement that a Bitcoin is illegal in your country? And most likely that is the reasons why Bitcoin is not popular in your country because the government is not open about it and it might be a concern for you as well.

The consequences though in the end might not be worth the risk for you and your friend just saying. You just don't know, and I'm not saying that this will happen, but what it the government find out about your Bitcoin activity? And if you bring your friends into it, they might be also in trouble?

[AnonBitCoiner]

I have saw many people who does not have any job so whenever they hear about something that gives them passive income so they desires to get involved into it but when they hear about putting money into it then they become afraid of it because of instability.

You teach him about bitcoin and also about the risk so its up to him to think about his saving about his future and about the risk and there will be no fault of you if unfortunately he losses money because you told him each and everything about the Investment whether its a good quality or bad quality of it.

You can just spread the information about bitcoin but cannot force someone to necessarily do the same because everyone can think properly about themselves as someone's situations are understandable only by himself.

[Viscore]

Do not tell your friends that bitcoin can be a reliable source of income. Instead, encourage them to still look for stable jobs and make bitcoin as their side hustle. That way, even if they don’t make sustainable profits from bitcoin, no worries because they have their own jobs to earn their living. And never try to convince them to trade or invest. Let them explore the potentials of bitcoin, only by then they can decide on their own if trading or investing is worthy of their money and efforts.

[Oilacris]

Do not tell your friends that bitcoin can be a reliable source of income. Instead, encourage them to still look for stable jobs and make bitcoin as their side hustle. That way, even if they don’t make sustainable profits from bitcoin, no worries because they have their own jobs to earn their living. And never try to convince them to trade or invest. Let them explore the potentials of bitcoin, only by then they can decide on their own if trading or investing is worthy of their money and efforts.

Its not really that bad to tell about the opportunity when it comes on making money because this one is actually the truth but its true that it wouldnt really be that a good idea on telling them about being a source of income which it cant really be just that way too simple on achieving it unless if you are really that a good trader then it could really be that possible.
We know that there are people who are really that way too impulsive on the time that they would really be seeing that making money is really just that way too easy.

In overall,it is really that commendable into those people who do make out some small steps on spreading out the awareness of bitcoin when it comes into its existence.
We do know that even just that we are making such introduction into our friends or someone we do know then it do at least adding up that kind of recognition.

[Dr.Bitcoin_Strange]

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.

Bitcoin is know to have made quite a lot of people very rich from time being,  that's for those who really bought Bitcoin at the very early stage, for we pleb that are newly buying and holding our Bitcoin, we still hope and strongly believe that we shall also count our fortune, because by the time we have accumulate a lot of Bitcoin and the price boom 💥, it's a real investment paid off, but if you must know, Bitcoin investment doesn't end your unemployment, it doesn't encourage you to not get a real job or fined a business and do while still investing into Bitcoin, what ever thing yous are doing, have a better plans and do it with your possible capabilities and not above your powers in a way that's gonna put pressure on you. 

I get a scenario in which those who bought Bitcoin in the early days did not just buy it and fold their arms and legs without seeking some real job to do in their career or in their profession. Investing in Bitcoin doesn't propel you to wake up at 6 a.m., drive to any office for work at 7:am,  and close by 4 p.m.; that's because Bitcoin gives you the privilege to do it at any time of your leisure, right in your home. You said your friends are very educated, just like you, so you guys should not just focus on one thing; get other things done.

You said Bitcoin can help you in many ways, but you have not stated those ways either, so that some experienced Bitcoiners here can further confirm and guide you. Be sure you are making the right choice, mate. The forum is always open for any questions or guidelines you may need.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Cling18]

Sharing Bitcoin information with your friends is a smart decision, but you should be aware of local regulations to avoid potential repercussions. It's also acceptable to provide information to your unemployed friends about Bitcoin, but you should know when to draw boundaries and keep in mind that investing in Bitcoin carries risks.
There is no need to actively persuade people to invest in Bitcoin especially if they are jobless, simply educating them about the advantages of doing so would be enough. It's risky because they might ultimately hold you accountable if their Bitcoin investment fails. Allow them to make that decision and suggest they first look for a stable source of income before making any investments.

[taufik123]

-snip-

Telling about bitcoin as a source of income must of course convey what the terms and conditions are too.
It's not easy to do, it takes capital and also qualified knowledge to be able to produce.
Making money is not easy if you don't have the knowledge.
Then the risks that will be faced will certainly also put pressure that you will not always get a profit.

-snip-
I get a scenario in which those who bought Bitcoin in the early days did not just buy it and fold their arms and legs without seeking some real job to do in their career or in their profession. Investing in Bitcoin doesn't propel you to wake up at 6 a.m., drive to any office for work at 7:am,  and close by 4 p.m.; that's because Bitcoin gives you the privilege to do it at any time of your leisure, right in your home. You said your friends are very educated, just like you, so you guys should not just focus on one thing; get other things done.
-snip-

These privileges can be obtained from Bitcoin if, at the beginning of your investment, you really believe and believe that Bitcoin can provide more benefits.
Those who start getting into bitcoin at the beginning when the price of bitcoin is very cheap and hold it until now certainly get the privilege that they become wealthy without the need for other jobs.
This is just a matter of patience and those who are patient and hold for the long term will receive the results.

[rhodelmabanal]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Well there's no harm on telling everyone how bitcoin works, the problem is instead of helping we can also make them more down, the market is high on volatility and we already know that cryptocurrency needs a proper understanding because it is high on volatility and not all people who invest into it like the result there are also losers and there are also frustrated in crypto so if you want to tell everyone about crypto make sure that you will teach them and make them understand it very well.

[romero121]

Never let your friends get into bitcoin as a way to earn. Everyone's prime focus is to earn, in all aspects you should never indicate as a way to eliminate unemployment. This is completely wrong and I'm damn sure people who find an opportunity to earn will never explore further. Request your friends to find a job and further focus on making some earnings through cryptocurrency during the free time. Focusing on full time employment with what one have earned little by little might end in disappointment as the market doesn't stay in support of our market prediction.

[Nwada001]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

This is the first time I have heard someone say they are the only person aware of Bitcoin in an entire area. Do you know what that means? It's like you are saying that in an entire community, you are the only one who is civilized. That being said,

Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

I think you got it all wrong when you gave them that hope and believed that they would get out of their unemployed lives just by knowing Bitcoin. You should have advised them to go look for a decent job for themselves rather than giving them such forceful hope. Bitcoin is not some kiddie money ritual stuff where anyone who gets involved will definitely get rich in an instance. Without them having something to do—I mean, having a job—how will they raise money to invest in Bitcoin, or how will they be able to sustain themselves and invest their time in Bitcoin?

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects.

Bitcoin is not an affiliated program where you will earn some referral bonus when you refer new people to it, so why then force it? I always encourage people to create awareness about Bitcoin, let people know about it, and teach them how it works and what's involved, but don't ever advise anyone to invest his or her money in Bitcoin; let it be their own personal decision. This is for you, as the person who introduced them to it, to be on the safe side. If not, when ever any of your investees' investments go sideways, you will always be held responsible, and it might even be taken to the length of them wanting you to pay back all that they might be recording as their losses.

[Distinctin]

Your government made BTC illegal. You don't want them to blame you once the authorities caught them. Only way they can hide it is if they know how to use tools for anonymity which is another lecture to do but you can't be sure how careless they may be.

They are unemployed and my guess is that they don't have something to invest. This should be the first to solve first, its a long way but one at a time before introducing them to BTC.

That’s why let them look for a real job first so they can start learning on bitcoin as their side income. However, I appreciate your effort in educating them, but I advise you to introduce to them the forum. That way, they will be more enlightened on what bitcoin is truly about and how they can take advantage on it. I’m just afraid that if you continue educating them, they might consider it as more important than finding a real job as their greed will be satisfied with bitcoin.

[GideonGono]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

First of you couldn't be so sure that you are the only person who knows about Bitcoin in your region there are some who doesn't want to make it public and use the anonymity of crypto to hide it.
And if you want to help them be employed it isn't just crypto that could help them we have internet and you could search for online jobs that suites their profession there are so many freelance agent out there that are earning comfortably in their homes.
It is not always crypto that could lessen the people who aren't earning or unemployed let's face it some people who doesn't have the necessary skills couldn't make a living out of crypto.
Even

[lalabotax]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

Actually, it is a good move for you to educate people around you about Bitcoin. But,you must also be aware than Bitcoin is very specific, uncertain, and also contradictive. In this case, it is better that you tell about the positive and negative sides of the Bitcoin. and you don:t need to give high expectation of the results if investing in Bitcoin based on the experiences. Sometimes Bitcoin can really be worth but sometimes tuis is high risk. that is why we must understand the limitation and information about Bitcoin.

[royalfestus]

In my personal viewpoint, considering Bitcoin solely as a recourse for the jobless is a misconception, particularly at the entry level. If an unemployed individual decides to venture into Bitcoin, they should either possess sufficient funds or acquire relevant skills within a specific aspect of the field.

[Botnake]

Whether someone is educated, uneducated, employed, or unemployed, the way to educate someone about Bitcoin should remain the same. It's decentralized.
Now on the basis of their education level, give them familiar examples of what decentralization is. Be your own bank. Make them understand the scarcity of Bitcoin.

Because price is all about supply and demand, let them know why there is a demand of Bitcoin in the world.

Giving initial information is already good enough. At least, you made them aware that bitcoin cannot guarantee profitability as it could result into some losses as well. Let them know about the forum instead. If they are really interested to learn, they will do their own diligence to research on it and explore the forum. Otherwise, they will just listen to you today and forget everything tomorrow. That is possible especially that bitcoin is not legal in your country so dealing with bitcoin could create some risks for them.

[Dr.Bitcoin_Strange]

These privileges can be obtained from Bitcoin if, at the beginning of your investment, you really believe and believe that Bitcoin can provide more benefits.
Those who start getting into bitcoin at the beginning when the price of bitcoin is very cheap and hold it until now certainly get the privilege that they become wealthy without the need for other jobs.
This is just a matter of patience and those who are patient and hold for the long term will receive the results.

You are correct, but you can't dismiss the fact that patience is what we need to hold for a long time until the market becomes bullish for us to sell and make profit. But when someone is jobless or doesn't have any source where they are also earning money, do you think they can be able to patiently hold their Bitcoin? Bitcoin has a lot of potential, but to be frank, I don't think nowadays anyone can just invest in it, at same time cover their expensis with their Bitcoin, while still holding some fraction till they make a profit without even totally spending what they have already invested.  "

For When a purse doesn't have a well of gold that constantly replenishes it, it will surely go empty."

I think the economic situations of this time even compels us more to not just relay on one income source.

[kawetsriyanto]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

How do you know this? It is probably just your speculation (guess). In some places, Bitcoin is still not popular, it makes people just keep the information (or learn it) personally. Moreover, if Bitcoin isn't legal yet in your country, people should be worried to tell others.

Because bitcoin crypto currency is completely illegal in my country.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them.

If they are well educated in respective positions, they don't need to find jobs but they can try to make their own businesses. Is there a program from your government to support unemployed people to have their own businesses? I think it should be the main option for this case, they shouldn't be worried about the legality of the jobs.

I can understand if your friends are worried to trade or invest in Bitcoin. They can be arrested since it is illegal in your country. Another reason is that no guarantee that they will be successful in Bitcoin, especially since they are never involved in Bitcoin/crypto. If they want to have safe jobs, Bitcoin isn't the solution because Bitcoin is a high-risk investment.

[flyingcarpet]

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Teaching Bitcoin doesn't mean they have to invest. They can also learn without investing in Bitcoin. I do not know which region you are in, but if you invest and it is prohibited in your region, you risk losing these investments. I think it may not be entirely correct that only you know bitcoin in your area. It's just because of the bans that others don't talk about it.

You can tell them about this forum. Due to the risks in your area, you should act carefully. Your friends can access information quickly. I don't think you have a problem with the internet. Once you know enough about Bitcoin, the decision whether to invest or not should be up to your friends.

[serjent05]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Taking the situation, you said that Bitcoin is illegal in your country, isn't telling your friend and making them involved in Bitcoin give a problem to them?  Aside from that your friends are unemployed, even with some of them have savings, profiting from Bitcoin takes time if the strategy you told them is investment and holding.  It would be good if they learn how to trade because in day trading there is a possibility of daily earning if they take advantage of the fluctuation.

But if your purpose is just to educate them then I think it is fine.  You can find good resources online by starting on the Bitcoin.org site.

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Since you have  a rough understanding about Bitcoin, you should deepen your knowledge about BTC first before giving lecture about BTC.  Since your knowledge isn't that deep, you might give a confusing idea that may make your friend to misunderstood Bitcoin. Informing them about Bitcoin is good, and if you have a rough knowledge, researching about Bitcoin together with your friend maybe the better approach than you teaching your friends.

[zanezane]

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I would not suggest investing to Bitcoin using their save money, it is very risky. There is a golden rule that " invest what you afford to lose " it looks like your friends is going to lose money because of the unstable price of bitcoin. Or they will gain, its the investor risk to take. But if you are so eager to teach them just to give them knowledge I think its ok, like common knowledge, how does bitcoin work and some technical of bitcoin. Let them know that Bitcoin isn't about just gaining money.

[Adbitco]

I like how you believe in bitcoin, OP, but it's not something that you can rely on to get you guys out of unemployment.
If you have a business idea that could accept bitcoin, great, if you can do something online like draw, paint, translate, great, but if you think you'll buy bitcoin and sell it to 10x your money, you'll probably be disappointed and I doubt you have enough money to invest to rely on 3x to change your life.

Because there are enough ways to earn money with Bitcoin.  

You're looking at it wrong. You're not making money with bitcoin. Bitcoin is money!

I don't know your country but as for me to be a good law abiding citizen it's better you don't involve yourself to what your country didn't encourage to avoid violating their regulations.

Have you ever heard about civil disobedience?

One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws.
Martin Luther King

If your government told you that from now on it's illegal for men to pee standing and they all have to sit on the toilet, would you play along? They can ban banks from accepting money from exchanges. They can ban businesses from registering, but they cannot ban you from owning bitcoin. It's impossible, pretty much like forcing people to stop eating meat or drinking alcohol.
                                                                                                                                                

I think there's a very big difference compared to what you said, it's just simple because most of the country has restricted her citizens not to transact or associate themselves with bitcoin trading. Just as my country did till date which they haven't lift the restrictions, and anyone caught with that will automatically got their  bank account freezed and you think those law aren't effective?

[TelolettOm]

I would not suggest investing to Bitcoin using their save money, it is very risky. There is a golden rule that " invest what you afford to lose " it looks like your friends is going to lose money because of the unstable price of bitcoin. Or they will gain, its the investor risk to take. But if you are so eager to teach them just to give them knowledge I think its ok, like common knowledge, how does bitcoin work and some technical of bitcoin. Let them know that Bitcoin isn't about just gaining money.

What they need is money, knowledge isn't their priority in that situation.
OP clearly stated that they are unemployed, so we can assume they have no money to invest or trade Bitcoin. In this case, giving them a lesson about Bitcoin won't solve the problem since they are unlikely to have no money for their capital. Unless OP wants to share his money with his friends, so they can start to trade Bitcoin daily. But there are some serious problems here since Bitcoin is illegal in their country. It will be dangerous if the government knows their activity related to Bitcoin, they can be arrested. Instead of getting money, they are at risk of being jailed. I think it is not a safe way to let them involved in Bitcoin.

[crunck]

I know you have good intentions when you want to help them, but in that way, you are harming them rather than helping them. Bitcoin is just an investment, and it can make a profit or make us lose, so Bitcoin cannot help them escape unemployment and help them get rich without doing anything. Second, investing in savings is the right thing, but if they are unemployed, there is no income, which means saving is something they cannot lose. Therefore, they should not invest in Bitcoin.

[Don Pedro Dinero]

Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

What I recommend you do is to stay out of trouble, especially if bitcoin is illegal where you live. Everything you describe has the potential to go wrong, you live in an environment with people without work and with little money, and if you explain what bitcoin is to your friends you are not going to gain anything, while if one of them spends the little money he has to buy bitcoin and ends up selling out of fear in a downturn, as many retail investors tend to do, he will blame you.

I would forget about it, but it doesn't look like that's what you're going to do.

I know you have good intentions when you want to help them, but in that way, you are harming them rather than helping them. Bitcoin is just an investment, and it can make a profit or make us lose, so Bitcoin cannot help them escape unemployment and help them get rich without doing anything. Second, investing in savings is the right thing, but if they are unemployed, there is no income, which means saving is something they cannot lose. Therefore, they should not invest in Bitcoin.

I think the same.

[GreatArkansas]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  
(.....)

I think learning Bitcoin or knowing what Bitcoin is, and how Bitcoin works will never be illegal in any country in the world. So for me, it's better to start there, because it doesn't mean you need to own Bitcoin before you will know what Bitcoin is or how Bitcoin works.

Second, after you and your friends know what really Bitcoin is, identify in your country the real regulation about Bitcoin, and check what is really illegal, or illegal to own. illegal to buy or sell? Because maybe that is only fake news or there are some legal things to do with Bitcoin, it's just not clear how your government delivers to their people.

[ilovealtcoins]

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I would not suggest investing to Bitcoin using their save money, it is very risky. There is a golden rule that " invest what you afford to lose " it looks like your friends is going to lose money because of the unstable price of bitcoin. Or they will gain, its the investor risk to take. But if you are so eager to teach them just to give them knowledge I think its ok, like common knowledge, how does bitcoin work and some technical of bitcoin. Let them know that Bitcoin isn't about just gaining money.

Bitcoin is illegal in their country, and if you don't use bitcoin to invest, what can you use it for? It's good to teach them about bitcoin, but if you have the knowledge but don't apply and take advantage of it, it will be pointless. But you are right, they should not invest with that little savings, what they need to do is find a stable job, then hone their knowledge of bitcoin and invest in them.

[bayu7adi]

Never let your friends get into bitcoin as a way to earn. Everyone's prime focus is to earn, in all aspects you should never indicate as a way to eliminate unemployment. This is completely wrong and I'm damn sure people who find an opportunity to earn will never explore further. Request your friends to find a job and further focus on making some earnings through cryptocurrency during the free time. Focusing on full time employment with what one have earned little by little might end in disappointment as the market doesn't stay in support of our market prediction.

However, cryptocurrency serves as an escape for those who seek additional income beyond their primary occupation; this fact is undeniable. Some individuals may not care and lack the desire to delve deeper into the realm of cryptocurrency, and that's perfectly fine.

However, for those who are educated, delving into the intricacies of cryptocurrency is an opportunity they won't overlook. It implies that there will be individuals who, even if they initially enter the "money-making" path, will further educate themselves about cryptocurrency. And we hope that these educated individuals can contribute to the community and Bitcoin.

[rat03gopoh]

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Back to the concept of work and career, the greater the opportunity, the greater the competition. Bitcoin won't throw away unemployment if you don't have the skill preferences to compete.
Now your job is to show and then teach them that you earn bitcoins the "way" you mean.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it.

Speaking of profit then yeah, anyone can be interested depending on what profit level you convince them. But if I were you, I wouldn't be suggesting (even talking about) any investment. Just think about it, now they're unemployed, their daily needs are for today, a week or a month ahead.

Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Sad to know, I have no way to take them against regulation.

[Outhue]

Is Bitcoin legal in your country? If it's a no for an answer it's better to avoid teaching people how to make money through Bitcoin because you are exposing yourself, and it can lead to your arrest.

I don't talk too much about the good side of Bitcoin if I want to introduce people to people, I always try to scare them first, to see their reaction and if truly they are ready to lose some money, talk about the volatility, talk about the possibility of losing their Bitcoin if their wallet recovery seed becomes visible to the public.

More people have walked away from me than those that really end up staying and still insisted that I teach them about Bitcoin investment, this will safe your time from people that only want to see themselves making money without any botheration.

[Latviand]

I know you have good intentions when you want to help them, but in that way, you are harming them rather than helping them. Bitcoin is just an investment, and it can make a profit or make us lose, so Bitcoin cannot help them escape unemployment and help them get rich without doing anything. Second, investing in savings is the right thing, but if they are unemployed, there is no income, which means saving is something they cannot lose. Therefore, they should not invest in Bitcoin.

I aghree that OP isn't helping them by introducing them to bitcoin but the points you pointed out seem nonsensical, bitcoin isn't just an investment, it's also a currency that you can use to buy goods and services, it's unpopular as a currency because Laszlo made a monumental milestone in bitcoin history but I digress, your second point seem right but I don't think it's not a good enough reason to discourage someone to invest in bitcoin, they can probably just invest a small part of their savings to jumpstart their journey.

[Popkon6]

Bitcoin is illegal in your country so I don't want you to start their bitcoin there in an institutional form. Since you have acquired some knowledge about bitcoin I would say you can teach them bitcoin verbally in your personal home environment. And to give them an initial idea, at some point you give them a chance to trade first with a small amount of money. So I would like to say that since the domestic legal system exists in every country, it is better not to take extra risk. And I think the first step is to learn to trade by slowly training if you have the money to make a small investment and learn bitcoin in a new state.

[bakasabo]

I think OP walks on a knifes edge, as he is trying to teach about investment an opportunities people who dont have money. What people usually tell about Bitcoin? They dont tell about anonymous transactions and transparency of them. They most usually tell about how those who spend dollars in 2011, now became multi millionaires. People with low income, broke or unemployed are always greedy for such easy money. OP, you might spoils some persons lives, if they now take loan or borrow money, and invest in scam altcoins. So be careful and warn them (and better double or triple warn them about that).

[LogitechMouse]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

It's either you are overrating yourself though you are telling the truth and you're the only one who knows Bitcoin in your place, or there might be a chance that there are some people in your place who knows Bitcoin or at least heard Bitcoin already. You just don't know. Well, if you asked them one by one regarding Bitcoin, and no one really knows what is it then I guess you are telling the truth in this one.

When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them.

This is why misinformation is very dangerous especially online.
I'm pretty sure that your friends are misinformed about what's the truth about being involved in Bitcoin. Nowadays, it's very hard for a newbie to know which information are true, and which are not. With too many influencers online that are spreading false information on their different social media pages, the ones who want to spread the real information are being left behind, and no one is listening to them because of these influencers.

Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Take time to guide your friends. It's the only way for them to know the truth.
I believe that you will guide them, and for sure you don't want them to be unemployed forever right? You already said that there are many ways to earn Bitcoin, and if you know some of it then care to share it to them so they can earn as well.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Ohhh so Bitcoin is illegal in your country, eh?

I guess just forget teaching Bitcoin to them, and instead let them find a job, and go out of unemployment. Since Bitcoin is illegal in your country, it would be better for them to just let them do their own research with regards to Bitcoin. Just think of this. What if your friends know Bitcoin already thanks to you, and then one time they shared information regarding Bitcoin to other people, and knowing that it's banned in your country, there might be a chance that an authority might know that you, and you're friends are involved with it. Are you ready for the consequences?

Hope you guys can give me proper feedback on this and help me move forward in helping them.

You help them? It might be the other way around, and you might be in trouble if you will continue to teach them.
Unless you will teach them how to use Bitcoin in your country without getting banned then I guess just continue teaching them. There are many information online that will help you. TBH, if I'm in your shoes, I will not teach anybody regarding Bitcoin just because our government banned it in our country.

[_BlackStar]

Is Bitcoin legal in your country? If it's a no for an answer it's better to avoid teaching people how to make money through Bitcoin because you are exposing yourself, and it can lead to your arrest.

I found one article that was released in 2021 where in the article it states that:

Bangladesh Bank to CID: Trading, owning cryptocurrency not illegal

I don't know where the OP's country is from, but since he is a Bengali speaker, then maybe he is a Bangladeshi citizen.

I don't talk too much about the good side of Bitcoin if I want to introduce people to people, I always try to scare them first, to see their reaction and if truly they are ready to lose some money, talk about the volatility, talk about the possibility of losing their Bitcoin if their wallet recovery seed becomes visible to the public.

More people have walked away from me than those that really end up staying and still insisted that I teach them about Bitcoin investment, this will safe your time from people that only want to see themselves making money without any botheration.

I don't know why you are doing like that instead of encouraging people to engage more in bitcoin. Scared them with negativity like price volatility, potential loss of money, scams and hacks is the best way to drive them further away instead of believing in bitcoin's lucrative potential. So if you want to help bitcoin and spread visibility then tell them about the positives instead of too much negativity.

[Rikafip]

It is my experience also that it is better not to do that: if you give some advice and your friends lose money, they'll blame on you; but even if they win, many won't thank you either.

Not just that, but they usually won't even sell on time and then they will again complain why you didn't tell them to seel, or they will start panicking adn ending up selling with loss. In 99% od the cases you will lose so why bother.

I talked out more people from buying Bitcoin because I know that they are either just gamblers that are looking for a quick flip, that they are too scared to hold for longer period of time or that they simply can't afford it.

[maydna]

If Bitcoin is prohibited in your country, you should not need to say anything about it to your friends because it is risky. You could tell a story about Bitcoin if you only have a few friends you trust, so it won't be too risky, especially if you can share a story at a friend's house.

And although Bitcoin is for everyone, you must have the money to buy Bitcoin and make it your investment. And if they don't have money to buy bitcoins, they need to work until they have money, then they can buy bitcoins. You can teach your friends at a friend's house and not in public because Bitcoin is banned in your country.

[erixter]

I think learning Bitcoin or knowing what Bitcoin is, and how Bitcoin works will never be illegal in any country in the world. So for me, it's better to start there, because it doesn't mean you need to own Bitcoin before you will know what Bitcoin is or how Bitcoin works.

Second, after you and your friends know what really Bitcoin is, identify in your country the real regulation about Bitcoin, and check what is really illegal, or illegal to own. illegal to buy or sell? Because maybe that is only fake news or there are some legal things to do with Bitcoin, it's just not clear how your government delivers to their people.

Certainly! I'd be happy to provide you with some information about cryptocurrency to educate unemployed friends. Bitcoin is the first and most well-known cryptocurrency, and introduced the concept of decentralized digital currency and remains the most valuable and widely accepted cryptocurrency to date. Despite of concerns related to, if you help/ educate someone about the Plus points of BTC, It will be more helpful for a friend who is seeking any type of job.
Bitcoin offer several potential advantages, but it needs the relative study and know how about BTC and the market .join relative forum and communities which can provide valuable insights and discussions. It's essential to be aware of the risks associated with and it's important to exercise caution and conduct thorough research before making any financial decisions.

[SmartCharpa]

All of the decisions remain yours, even if you believe that they are intelligent enough to understand cryptocurrency. However, you should at least inform them of the risks involved before investing in cryptocurrency because if there is a market crash, your friends may believe that you forced them to do so, and they may lose their money or become victims of a scam.
You can proceed if you believe they are intelligent enough and there is no question in their minds, but if not, you shouldn't involve them in anything that you will later come to regret.

[demonica]

Even if you're going to teach them about Bitcoin, if it's illegal in your country, they can't rely on Bitcoin as their source of income to solve their unemployment problem. It would be hard to rely on something that you know isn't legal in the first place. It's good that you're giving them ideas and learnings about Bitcoin but are they really willing to risk it? Investing in Bitcoin is already a risk, and knowing that it's illegal in your country makes it more risky.
It would have been easy if it isn't illegal because there won't be any hindrance from the government about getting into Bitcoin. If op continues to engage in Bitcoin, he should be careful sharing and opening this topic with the people around him.

[MoonOfLife]

If your friend is unemployed, you should help them get a job rather than teach them about bitcoin. Bitcoin investing is not a job that can bring a steady income, it is merely an investment, and investing is a gamble with winners and losers. Furthermore, if bitcoin is illegal in your country, then you are burying yourself trying to break the law by teaching bitcoin to others. I think you should stop this idea as soon as possible the better for you.

[Ziskinberg]

It is good to hear from you OP that you are educating your friend about Bitcoin but I would suggest just stopping there and never give them excitement or a reason for them to invest. And why? Don't make your friend compromise their finances knowing that Bitcoin is illegal in your country as you will be the one to blame once the authority seizes their crypto. You can help them in some other ways like encouraging them to start small businesses or invest (but not in crypto). Well, educating them serves as their preparation for the future once it was legal but until it was still illegal, never do that.

[khiholangkang]

Is Bitcoin legal in your country? If it's a no for an answer it's better to avoid teaching people how to make money through Bitcoin because you are exposing yourself, and it can lead to your arrest.

I don't talk too much about the good side of Bitcoin if I want to introduce people to people, I always try to scare them first, to see their reaction and if truly they are ready to lose some money, talk about the volatility, talk about the possibility of losing their Bitcoin if their wallet recovery seed becomes visible to the public.

More people have walked away from me than those that really end up staying and still insisted that I teach them about Bitcoin investment, this will safe your time from people that only want to see themselves making money without any botheration.

Yes, that's probably the best way to avoid yourself from the nearest apparatus, because if it's illegal, then when we force access to it and many people know about it, of course, you have to pay very serious attention because it endangers yourself.
Because indeed if bitcoin is illegal in the country and then we expose ourselves to the surrounding environment because we invite some friends and teach them, chances are traitors will exist in that friendship environment, and that makes all the investments that are made chaotic, which was intended for good instead like killing myself indirectly, I agree that it is better for me to keep my knowledge of bitcoin than to find myself in an insecure position if I am in a country where bitcoin is not legal.

I just want to protect myself and my bitcon.

[SOKO-DEKE]

Even though Bitcoin is not a new concept to the world because various social medias that are full of words about Bitcoin and cryptocurrency in general, I always feel so happy to see someone raising awareness of it, especially when they decide to take the time to teach their closest friends who don't know anything about it. I believe it will be a great help in terms of Bitcoin adoption. Many individuals found it challenging to learn about Bitcoin on their own unless they have someone that will teach them before they have the bravery. individuals raising awareness by teaching others make them comprehend the technology and embrace technology systems easier.

And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

There are many ways someone can earn money through bitcoin either by trading and Bitcoin investment or doing some certain things in cryptocurrency industry but all this are not reliable sources of income, so i don't see it as an opportunity of employment.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

If teaching them about Bitcoin is something you feel strongly about, I would advise against it if it is not legal in your country. However, if the rest of friends are very interested, you should only teach them a portion of it privately and introduce them to the Bitcointalk forum so they can learn the rest from here and keep you out of any possible trouble.

[TimeTeller]

If your friend is unemployed, you should help them get a job rather than teach them about bitcoin. Bitcoin investing is not a job that can bring a steady income, it is merely an investment, and investing is a gamble with winners and losers. Furthermore, if bitcoin is illegal in your country, then you are burying yourself trying to break the law by teaching bitcoin to others. I think you should stop this idea as soon as possible the better for you.

That is the problem in this situation, crypto is illegal in their country. And that means, you will be introducing them to "illegal" thing.
So instead of introducing them to bitcoin, it is much better if you will give them other options to find a real job.
Being unemployed means they don't have stable income, so do you really think it is smart to get involve in this market knowing this market is illegal in your area?
This market may be of positive influence in your funds, however, you can't tell the same for your friends.
There will be other good times to introduce this market to your friends, but for now, look for other means of finding a stable income.

[Yatsan]

If your friend is unemployed, you should help them get a job rather than teach them about bitcoin. Bitcoin investing is not a job that can bring a steady income, it is merely an investment, and investing is a gamble with winners and losers. Furthermore, if bitcoin is illegal in your country, then you are burying yourself trying to break the law by teaching bitcoin to others. I think you should stop this idea as soon as possible the better for you.

That is the problem in this situation, crypto is illegal in their country. And that means, you will be introducing them to "illegal" thing.
So instead of introducing them to bitcoin, it is much better if you will give them other options to find a real job.
Being unemployed means they don't have stable income, so do you really think it is smart to get involve in this market knowing this market is illegal in your area?
This market may be of positive influence in your funds, however, you can't tell the same for your friends.
There will be other good times to introduce this market to your friends, but for now, look for other means of finding a stable income.

Whether it is illegal or not, bottomline is they are unemployed and yet you'd want them to engage into an investment. Investment will always have its own risk and that would also mean you are somewhat digging a deeper hole for them if the unfortunate would be the outcome. It is okay to share the idea but given their circumstances, they'd more likely be expecting much from it. It won't always be winning in this industry. But I do agree that they should be more advised to get a job which would give them a stable income and from that, they could as well engage to investments. In such way they'd be more capable of handling things and managing the risk of being on a worse situation. The idea that there are people who made fortune from this industry is the misconception 'coz behind their success are huge number of people losing. This simply means that nothing is assured in terms of profit making in this industry so better be careful still.

[death69]

Kudos, mate! You're not just wrapping your head around this Bitcoin thing, but you're also sharing the 411 with your pals. Feels like you've stumbled on an X marks the spot and you're rallying your crew for the treasure hunt. Before you cannonball into this crypto ocean, don't forget that Bitcoin, or any digital doubloon for that matter, isn't a slam dunk to a job or the lap of luxury. It's packed with risks, and it's key to get the full picture before you risk your hard-earned loot.

Thinking of enlightening your mates? Start with the ABCs. Break down blockchain tech, how Bitcoin deals go down, and the ups and downs of crypto. The net's chock-full of resources - blogs, articles, free lessons - for you to tap into. As for the law, it's a sticky wicket. If Bitcoin's on the naughty list in your country, dabbling could land you in hot water. Plan B? Zoom in on blockchain tech in general. It's not just about crypto and could open doors in software dev and data crunching. Keep your nose clean; legal drama is a headache no one needs.

Stay frosty and best of luck, chap!

[hannahB4]

As a person, if we meet today you will argue 100% that I have never heard anything about Bitcoin nor will ever be a member of this forum, so you saying you are the only one who has a basic understanding will be a little overboard because you don't have any means of identification for a bitcoin investor. Your friends are unemployed and their savings for now is the means of livelihood you want to advise them to invest in Bitcoin, if they invest, will they sell in the next six months, how do you want them to leave? My advice for you to give your friend is to get a regular source of income, save and invest in Bitcoin.

[freedomgo]

It’s hard to educate people about bitcoin when in the first place, bitcoin is illegal in your country. You could be put in jail in the end if you keep insisting on how to make profits with bitcoin. That is why do not put yourself in danger. You can tell your friends that if they really want to be educated on bitcoin, have their own diligence in studying about it as there are a lot of free resources online that are reliable and will give them legit information about bitcoin. Investing has its own risk, so they should not invest immediately without even preparing for it and gained adequate knowledge with bitcoin and with the crypto market as well.

[DiMarxist]

Bitcoin is an asset which has more opportunities to invest now, for a future usage, a user must prove. And you should tell them to be careful, because if you don't know exactly what you're doing, the risks of investing at a loss are relatively high. Tell them not be fooled by rhetoric and online feedback. You should educate them on the subject as much as you can.follow them up with this link https://cryptolinks.com › learnmeabi...
Learn Me a Bitcoin - Learnmeabitcoin.com - CryptoLinks and this one: https://bitcointalk.org/index.php?topic=1689727.0

[irhact]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

It's a good thing you're not only telling them about the positive side of investing in Bitcoin and all the profits that will come in the future if you keep on holding and safely store your Bitcoin in your personal wallet. Telling them about the negative things like the price volatility, the risk of losing your Bitcoin to scammers or hackers or mistakingly sending them to the wrong address etc.

They have to know everything so the can be prepared and don't put the blame on you in the future if they were to make a mistake and lose their Bitcoin or they get stolen due to their negligence. Keep up what you're doing because you're doing it perfectly for this particular part.

[Kasabus]

I don't know your country but as for me to be a good law abiding citizen it's better you don't involve yourself to what your country didn't encourage to avoid violating their regulations. But if you must go further to teach them about bitcoin, you don't have to go above your limits or only teaching them about security aspect and usefulness, it must not only be the investment aspect.
Then secondly, investing in bitcoin doesn't guaranteed a total turnaround of becoming rich or wealth over night. Know too well that if they venture into bitcoin it could take about 1 year or more to get stabilized since the market is too volatile.

I guess it’s not your obligation OP to educate them and provide them the best information they deserve to have. You’ve done your part already and let them do the rest. Learning is made easier right now as everything they need to learn are already available online and they’re free so I think if they’re really eager to know more about bitcoin, then they should learn on their own too. You would not want to be blame in the future if these friends of yours will lose on their investments and made you responsible for their losses. So free yourself from pressures, let them do their own part.

[The Cryptovator]

Regardless of the legality of Bitcoin in your country, your relationship with your friends and colleagues remains unchanged. You are willing to assist them without concern for the legal implications surrounding Bitcoin. Although Bitcoin is also illegal in my country, I have friends and colleagues who are involved with it, and we frequently engage in discussions about Bitcoin. Through mutual support, we have managed to keep our Bitcoin activities hidden from the government's knowledge.

[serjent05]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

It's a good thing you're not only telling them about the positive side of investing in Bitcoin and all the profits that will come in the future if you keep on holding and safely store your Bitcoin in your personal wallet. Telling them about the negative things like the price volatility, the risk of losing your Bitcoin to scammers or hackers or mistakingly sending them to the wrong address etc.

I bet @OP had told them the pros of investing in Bitcoin, these people won't be interested in investing in Bitcoin if they are not told about it.  It is that @OP also told them the cons and possible risk if they engage themselves in Bitcoin investment.

They have to know everything so the can be prepared and don't put the blame on you in the future if they were to make a mistake and lose their Bitcoin or they get stolen due to their negligence. Keep up what you're doing because you're doing it perfectly for this particular part.

I don't think these guys know everything about Bitcoin, even we who has been in the Bitcoin community for some years don't know everything about Bitcoin and we keep on researching and studying the updates and development and yet we always come short in knowing all aspect of Bitcoin.  They should dig more and understand the market together.  It is fun to learn Bitcoin in group so I guess @OP and his friend will enjoy exploring the what-abouts of Bitcoin.

[Falconer]

It’s hard to educate people about bitcoin when in the first place, bitcoin is illegal in your country. You could be put in jail in the end if you keep insisting on how to make profits with bitcoin. That is why do not put yourself in danger.

The OP doesn't have to openly educate him like having a special class, but since he just wants to teach a friend then of course face to face is the best way to do it. Regardless of whether bitcoin is illegal in the country for cases of its use as currency, but I don't think learning bitcoin is a big deal that should be prosecuted. The OP can tell that P2P trading will help if the government bans them from trading bitcoin, but they still have to weigh the legal risks over the return.

Many countries have now started to consider softer regulations on bitcoin such as not banning bitcoin completely. I can give an example of my own country, the government only prohibits cases of using bitcoin as a currency, but I can trade it legally. So maybe, in the future bitcoin will also get the green light for the country the OP is currently occupying.

[JoyMarsha]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

How sure are you? There are so many people who seem to have a basic understanding of bitcoin, but they seem to keep it to themselves due to government regulations for bitcoin in their country or because they prefer to maintain their anonymity regarding bitcoin. It is never now open that someone who has a basic understanding of bitcoin will try to say out for the entire world to know.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

OP I like it when people try to educate their friends about bitcoin, but I don't like it when they try to convince them that investing in it would make them rich. OP That is the impression you want your jobless friends to have of bitcoin. There is no justification, in my opinion, for your assurance to your friends that their unemployment will stop if you all invest in bitcoin.

Consider what would happen if your unemployed friends invested in bitcoin on the basis of your promise that their situation would improve. How long do you suppose they will wait for that to occur? Will they continue to be unemployed until the day bitcoin helps them find employment?

It's better to tell your friends the truth that bitcoin is not an unemployment solver. It takes time and patience for someone to earn from it. Putting unemployment to an end requires a whole lot of money for investment for it to bring about financial freedom.

[Kelvinid]

I think OP walks on a knifes edge, as he is trying to teach about investment an opportunities people who dont have money. What people usually tell about Bitcoin? They dont tell about anonymous transactions and transparency of them. They most usually tell about how those who spend dollars in 2011, now became multi millionaires. People with low income, broke or unemployed are always greedy for such easy money. OP, you might spoils some persons lives, if they now take loan or borrow money, and invest in scam altcoins. So be careful and warn them (and better double or triple warn them about that).

I hope that won't bring that situation and it was OP's responsibility to guide them and must not encourage them to commit loans just for they seek to start investing in Bitcoin. Perhaps, OP has the good intention of helping his friend and even though it was illegal in their country, he still did it. Might not be used this time but I still consider this as a sort of preparation for the future because some countries had already supported crypto and this might happen to them as well. They can invest silently, though not really safe but if it is not yet banned or restricted, that's still okay.

[Ebede]

This topic has look like one of the topic that I've come across in the forum concerning teaching children Bitcoin you can teach any person you feel like to teach bitcoin but the problem is that because they have the capital to buy bitcoin for investment because teaching is very easy but the process of practicing what you needed to know

[Finestream]

Is Bitcoin legal in your country? If it's a no for an answer it's better to avoid teaching people how to make money through Bitcoin because you are exposing yourself, and it can lead to your arrest.

I don't talk too much about the good side of Bitcoin if I want to introduce people to people, I always try to scare them first, to see their reaction and if truly they are ready to lose some money, talk about the volatility, talk about the possibility of losing their Bitcoin if their wallet recovery seed becomes visible to the public.

More people have walked away from me than those that really end up staying and still insisted that I teach them about Bitcoin investment, this will safe your time from people that only want to see themselves making money without any botheration.

It’s risky to take the opposition and educate people based on what you have seen about bitcoin when the whole country is against your own opinion. So to free you from regretting in the future, try not to educate or even influence people about bitcoin. Though you can share them some of your views about it, but let them do the details. The moment they’ll see it profitable as an investment, I’m sure they’ll be eager to learn from it and invest in it without you knowing.

[irhact]

I don't think these guys know everything about Bitcoin, even we who has been in the Bitcoin community for some years don't know everything about Bitcoin and we keep on researching and studying the updates and development and yet we always come short in knowing all aspect of Bitcoin.  They should dig more and understand the market together.  It is fun to learn Bitcoin in group so I guess @OP and his friend will enjoy exploring the what-abouts of Bitcoin.

What's there more to know about bitcoin, they're investing and not trading. Traders are the individuals that have to be researching daily to understand they dynamic of the market. As an investors, you only need to know how to buy Bitcoin and how to hold them safely in our personal wallets. Investors can stay updated with the market but they don't have to be bother about the price volatility.

If the OP has told his friends the known pros and cons of the market then they're set to start investing into Bitcoin, because we think the cons will drive away people from investing doesn't make it right not to tell them. You have to let them know what they're getting involved.

[uneng]

OP, your friends need opportunities to work and not to invest. First they have to work, so they can acquire enough money to start investing. Maybe you can enlight them regards the opportunities of virtual jobs paying in BTC on the internet. You can encourage them to find freelance jobs if they have the necessary skills to execute such tasks. Furthermore you can mention bitcointalk forum and the possibility of earning money here through campaigns in general.

On the other hand, it's not so easy like it may sound at first. For many people it's still easier to find jobs opportunities outside crypto industry and outside the internet. It really depends the person and the reality they live on their respective regions and countries.

I think you know about that, and I'm glad you have explained them not only the pros, but also the cons of Bitcoin, so you might take these points I mentioned above as well next time you talk to them about this matter.

[Findingnemo]

Investing in Bitcoin is highly risky when we expect short term returns so it makes not really suitable for someone who is not stable in their financial status. But if they have nothing to lose then why not give it a try cause trading can be started with less capital which makes its possible for everyone to start, so it can be a good thing to have side hustle and for people with huge capital it can become revenue generator with no effort at all.

[Bitcoin_people]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I think it's good to get them interested in investing in you. But since your friends are unemployed they have less money. You told them to invest is not a good idea at all. Because your friends couldn't be more educated about cryptocurrency. Your friends will be new to investing but they will be addicted to get-rich-quick investing. Before you invest them in bitcoins, you must understand them about the volatility in the market. You need to make your friend understand that investing in bitcoins has risks and benefits as well as profits. So before investment discuss in detail about Bitcoin investment including trading and advice for later investment.

[Litzki1990]

Since you claim you are the first person in your area who is involved with Bitcoin. If so, you can spread your idea to everyone. You will select those who are interested in learning about this for your teaching. But I think more people in your area may be involved with Bitcoin since you said that in your country other digital currencies including Bitcoin are totally illegal so maybe others in your area who are involved with Bitcoin may not have exposed themselves till now that they are involved with Bitcoin. The matter is kept secret. Since you plan to discuss Bitcoin with your friends, your move is very commendable

Teaching Bitcoin doesn't require a separate classroom as you can simply teach them through a phone or laptop. Since they will be new to crypto currency it may take some time for them to learn these things and you need to have maximum patience to teach them about Bitcoin.

And I think it's a good decision not to involve those who have expressed interest in investing so quickly because according to you they have no idea about investment so far, only because of the discussion that you have discussed something about investment, they have expressed interest in investing. Share whatever idea you have about investment with them first and also suggest them to get some idea about investment from different social media. You advise them to invest when they have some idea about investing.  Hope you have discussed the investment risks and all the rules with your friends beforehand. And explain to them well that the risk of money is not your responsibility if your friends' investments suffer later and then ask them to decide to invest.

[dezoel]

What is your country's actual stance when it comes to Bitcoin or cryptocurrencies in general? Is it banned, or totally illegal? Or it is just not legal? If it's banned or illegal, I don't think it's a good idea to involve your friends or anyone in it since if things go wrong, you could get in trouble as well if they inquire about the person who is behind teaching them about it.

But still, if you want to go ahead with this, just make sure that you tell them each and everything involved, let them know that there are always two outcomes, their investment will either gain value or lose value with time, and that they should not panic or blame you when the market is dropping and they should have patience and keep holding until it recovers.

[CryptoBuds]

Investing in Bitcoin is highly risky when we expect short term returns so it makes not really suitable for someone who is not stable in their financial status. But if they have nothing to lose then why not give it a try cause trading can be started with less capital which makes its possible for everyone to start, so it can be a good thing to have side hustle and for people with huge capital it can become revenue generator with no effort at all.

For someone with nothing to lose, how would they invest or trade? I have never heard any miracle story that a person with no knowledge and no money can profit from trading. As far as I know to make money from trading, many people take a year or a few years of learning, accepting losses before they can make a profit. The idea of introducing bitcoin to the unemployed was already a bad idea, made worse by discouraging them from looking for income-generating jobs but instead directing them to trading. It's gambling, not investing.

[Rigon]

If your friend is unemployed, you should help them get a job rather than teach them about bitcoin. Bitcoin investing is not a job that can bring a steady income, it is merely an investment, and investing is a gamble with winners and losers. Furthermore, if bitcoin is illegal in your country, then you are burying yourself trying to break the law by teaching bitcoin to others. I think you should stop this idea as soon as possible the better for you.

If a person has various work experience, his life will be much easier. If his friends here can gain experience about Bitcoin, he can work here along with the job. As a result, I think he can invest some of the money he earns from his job here. Because if he can get an idea about bitcoin and investment then he will keep investing in bitcoin without spending money in advance. As a result, I think his future will be very bright. I think there is nothing to break the law. How many people act according to the law? Everyone works by breaking the law. Bitcoin is also illegal in the country I live in. So here we are working by breaking the law. But I'd say the OP should educate his friends about Bitcoin while keeping it private.

[ringgo96]

Nowadays all people already know bitcoin but they don't understand how to get bitcoin and can increase our income, so those of you who already know about bitcoin of course telling your friends is a very good thing because we don't want our close friends to continue to be unemployed while we have enough earners, but you have to really explain all about bitcoin both negative and positive sides because some people still can't  Accepting losses in investing they only know about the profits that others get.

[Findingnemo]

Investing in Bitcoin is highly risky when we expect short term returns so it makes not really suitable for someone who is not stable in their financial status. But if they have nothing to lose then why not give it a try cause trading can be started with less capital which makes its possible for everyone to start, so it can be a good thing to have side hustle and for people with huge capital it can become revenue generator with no effort at all.

For someone with nothing to lose, how would they invest or trade? I have never heard any miracle story that a person with no knowledge and no money can profit from trading. As far as I know to make money from trading, many people take a year or a few years of learning, accepting losses before they can make a profit. The idea of introducing bitcoin to the unemployed was already a bad idea, made worse by discouraging them from looking for income-generating jobs but instead directing them to trading. It's gambling, not investing.

You can't be so broke that you don't even able to hold a hundred or two and that's what I meant as nothing to lose situation. You know trading is simple because the secret of success is simple as buy low and sell high. As you said it may take years for someone to master but I remember the old days of mine made decent money straight away when I started without having any technical analysis skills just focusing on BTC to fiat and vice versa.

[naira]

Either this plan of yours will eventually work or it will be fleeting and then forgotten. Believe me theory is not as easy as practice in the field. For that how Bitcoin can give a job? because investment is not a job that is obtained for free. Everything has a price, it's realistic to even start investing, meaning don't half and half if you still need the money because a safe investment is allocating cold money.

I know your intentions are good, because in the past it was common for us to do this and in fact everyone has their own portion of their source of income, I can't force them to do what I do. Realizing that the interest in Bitcoin is not just hype, but it is an option not to be fleeting and then forgotten.

[summonerrk]

~~~

It is very noble to tell your friends about cryptocurrencies in the same bitcoin.
Just like you, my friend enlightened me on the topic of cryptocurrencies many years ago. Then bitcoin was worth about a hundred dollars. But then I didn't believe him in the success of biteoin.
Nevertheless, I am here, and I am grateful to my friends who worked on my understanding of the blockchain and how much it is a breakthrough technology.

You are doing a good deed, but always warn your friends about the risks that cryptocurrency carries. After all, this is a dangerous financial instrument.

[Minor Miner]

~~~

It is very noble to tell your friends about cryptocurrencies in the same bitcoin.
Just like you, my friend enlightened me on the topic of cryptocurrencies many years ago. Then bitcoin was worth about a hundred dollars. But then I didn't believe him in the success of biteoin.
Nevertheless, I am here, and I am grateful to my friends who worked on my understanding of the blockchain and how much it is a breakthrough technology.

You are doing a good deed, but always warn your friends about the risks that cryptocurrency carries. After all, this is a dangerous financial instrument.

His actions are good, he is trying to help his friends. But honestly, I don't think bitcoin is suitable for this situation because those 2 friends are unemployed, and we don't know what their life is like. As many others have also suggested, they need a job rather than focusing on investing in bitcoin with their savings. I don't know if OP thought of that situation. What if bitcoin investment is not profitable or will take a long time? We all know that the unemployed desperately need money, and they can't wait to get it, and it would be a terrible prospect for the OP's friends if the investment didn't go as they expected.

[mvdheuvel1983]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

I am not so sure about this but I wouldn't disagree because I don't know your area. But then until you have done a survey to measure the knowledge of bitcoin among people living in your area, I don't think you can categorically say that you are the only person in your area with a basic understanding about bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

I have found that in my layman's thinking that there may be a correlation between bitcoin, unemployment among educated people and their willingness to invest in bitcoin. Folks who are employed may be too engrossed in their jobs to even think about bitcoin unless whatever their job is revolves around tech, economy and entrepreneurship.

It is a pity that your friend's first knowledge about bitcoin is as a negative portrayal by the government. Sadly, it is not exclusive to just them alone. Some of us heard about bitcoin when US government seized some bitcoins in silk trade or there about.  Furthermore, you do not have to persuade them to invest in bitcoin. Present it as a choice: Stay unemployed or take the risk that has the potential to give you money. Then allow them pick.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Since your friends won't do any transactions in bitcoin other than hodling it in a cold storage wallet, they should be fine. Tell them that. You should also provide them with books and videos for them to improve their knowledge about bitcoin.

[Marykeller]

You advise friends to invest in bitcoin with their money even though doing so is entirely against the law in your country and they are unemployed. In light of the present price of bitcoin, how much money do you think they will be prepared to invest in it and how will they raise it? Keep in mind that because bitcoin is expensive, investing in it would require a substantial sum of cash.

I get that you want to encourage your friends to invest in bitcoin due to the forthcoming bull run and it has helped in building people's finances, but that is not a good enough justification to encourage jobless friends to do so in the hopes that their unemployment will go away. Just before your friends considering investing in bitcoin, they should get employment.  

[AicecreaME]

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

[bayudndy]

It is impossible to be certain that in the entire area where you live, there is only one person who knows or really understands bitcoin. If a country accepts bitcoin, at least the news media will talk about it a lot and spread it to the people. So really, I think I just don't want to talk about this because there are still a lot of people here who consider this to be a secret or job that they don't want the people around to know. Also, when it comes to bitcoin education for unemployed people, I think it's more of a risk than an opportunity because they don't have a financial background, and what they think now is how to get by. Once I know this type, I think it is no longer an asset and treat it as a form of get-rich-quick. This is really terrible when it comes to desperation or the desire to make a quick buck.

[Uruhara]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

If in your country Bitcoin is really still illegal then I hope you don't have to bother showing yourself to the public surface by inviting lots of your friends. I'm actually more worried about you in such conditions. I hope you have to be more careful. I would prefer you only tell those who are interested and ask you directly.

And considering the condition that Bitcoin is still illegal in your country, I think actually you are not the only one who knows and has entered into bitcoin investment. But there may be many more. It's just that they prefer to remain invisible and maintain their own privacy about their involvement in bitcoin.

I personally never thought that in my hometown maybe not many people know about bitcoin. But apparently I was wrong. because in fact there are already many people around me who have entered into bitcoin investments. There are even those who actually entered much earlier or you could say he was one of the people who adopted bitcoin in the period several years after the launch of bitcoin. And in the end I have many acquaintances who have actually been involved in trading and investing in bitcoin. But in my country Bitcoin is legal as a commodity asset. So that's why bitcoin adoption in my country has a much faster increase.

But about making money from bitcoin I don't know exactly what you mean. is it to be a miner or do trading or just long term investment?

If you still want to teach your friends. so I hope you don't push them too hard. Give them the understanding you know. about the basic steps starting from how to store bitcoin safely. how is the decentralized system offered by bitcoin different from a centralized system such as fiat. and also tell about the risks and potential that bitcoin has. and many more things. but let them make their own decisions in peace and don't let them blame you one day.

[Mame89]

First of all, I also want to say that if bitcoin is used as a means of transaction, it is illegal, in my country it is the same way. because Bitcoin is indeed illegal if used as a transaction tool, let alone bitcoin, dollars and gold are illegal if used for transactions in my country. However, if it is used as an investment asset, it is permissible.

I know btc from 2022 but have never told or advised anyone including my family about "crypto", in fact if someone asks me to invest in stocks even though I myself have never played stocks. The reason is simple, I don't know how to explain crypto to ordinary people. unless he has read about bitcoin first, at least he knows the basics first, the concept and work of bitcoin. Because without him knowing it is very difficult to explain.

Because sometimes it's actually not confusing to explain it. But indeed their unwillingness to know what Bitcoin is. Already dozens of friends, relatives and relatives have been explained. But their ignorance leads to a fear of losing money. This is just my personal experience, but what you are doing is correct, at least you have said the positive and negative sides about bitcoin. The last thing I want to say Bitcoin investment is not a solution for unemployment.

[Smartvirus]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard? 

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I don't know what nation your from but, bitcoin isn't completely outlawed in many places. Yeah, there was a case of India but, they started collecting tax on it and I wondered what the case was. A host of nations merely ban for a time like it was in Nigeria but later revised the statement to have not been an outright or complete ban but, just some a statement that says, this currency isn't recognised or backed by any authority and its citizens should be mindful of its usage.
Still, the government are not always pleased with you having any crypto asset.

All that doesn't mean you shouldn't teach or create some awareness within a small circle if you must. You should do what you feel necessary but be mindful of the method and not create so much attention in doing that.

[carlfebz2]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard? 

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I don't know what nation your from but, bitcoin isn't completely outlawed in many places. Yeah, there was a case of India but, they started collecting tax on it and I wondered what the case was. A host of nations merely ban for a time like it was in Nigeria but later revised the statement to have not been an outright or complete ban but, just some a statement that says, this currency isn't recognised or backed by any authority and its citizens should be mindful of its usage.
Still, the government are not always pleased with you having any crypto asset.

All that doesn't mean you shouldn't teach or create some awareness within a small circle if you must. You should do what you feel necessary but be mindful of the method and not create so much attention in doing that.

Explaining it from a certain individual wouldnt really be that much of a problem as long you are really that aware on what are those government laws of your country but its true that whether its banned or not,
you could still possibly make those share ups considering that you could really just simply talk in a simple manner on explaining about on what it is, just make it sure that no one would be reporting or some sort
but its a personal kind of dealing on which it is something  that couldnt be traced up so easily. If you do have friends which its likely that they are really that getting interested with Bitcoin or crypto
then you could freely tell them on what it is, tell them about the basics and its opportunities.

The most important thing of all is that you shouldnt really make out that guarantees that it would be making out profits because if you do and on the time that you friends are really that losing
money, then pretty sure you would really be the ones who would really be blamed out and this is something that you should really be avoiding.

[Odusko]

Why do we always sound as if Bitcoin is outlawed globally and trying to convince people into accepting Bitcoin,  because even in the nations where Bitcoin is not made legal tender, citizens are still allowed to own Bitcoin as an asset or trade it on a p2p level, so with such information I think it is enough for Bitcoin to be self appealing to those who are seeking a better alternative to everything as regards to money and exchange.
So there is no need for serious follow-up with anyone to either learn or accept Bitcoin.

[CryptoBuds]

Investing in Bitcoin is highly risky when we expect short term returns so it makes not really suitable for someone who is not stable in their financial status. But if they have nothing to lose then why not give it a try cause trading can be started with less capital which makes its possible for everyone to start, so it can be a good thing to have side hustle and for people with huge capital it can become revenue generator with no effort at all.

For someone with nothing to lose, how would they invest or trade? I have never heard any miracle story that a person with no knowledge and no money can profit from trading. As far as I know to make money from trading, many people take a year or a few years of learning, accepting losses before they can make a profit. The idea of introducing bitcoin to the unemployed was already a bad idea, made worse by discouraging them from looking for income-generating jobs but instead directing them to trading. It's gambling, not investing.

You can't be so broke that you don't even able to hold a hundred or two and that's what I meant as nothing to lose situation. You know trading is simple because the secret of success is simple as buy low and sell high. As you said it may take years for someone to master but I remember the old days of mine made decent money straight away when I started without having any technical analysis skills just focusing on BTC to fiat and vice versa.

Did you get rich by trading without knowledge? And are you guiding and advising people to trade without knowledge? From what you said, trading is very simple, why is the win rate in trading so low, if not extremely low? I have seen many wealthy people, change their lives by holding for a long time, but really I have not seen anyone make a lot of money from trading with only a few hundred dollars and without knowledge.
If trading is so easy to make money, I advise all unemployed, homeless people to join the trade, and then they will make a decent amount of money. That way, they don't need to go to work or sleep on the street because money is easy to earn.

[bayu7adi]

Why do we always sound as if Bitcoin is outlawed globally and trying to convince people into accepting Bitcoin, .....

When Bitcoin has not yet received official recognition from the government as a digital asset, the general public remains largely unfamiliar with Bitcoin's deeper intricacies. Since Bitcoin is always tied to finance, it's not surprising that sensitive data becomes a hot topic of discussion. Additionally, for some individuals who have not fully grasped the concept of Bitcoin, they tend to be skeptical and apathetic because they believe their current jobs are more lucrative than bothering with Bitcoin.

IMO, the government is unable to grant official access to Bitcoin due to their desire to minimize potential mistakes. As we are aware, the volatile nature of Bitcoin prices can pose risks to the general public. The government has the responsibility to uphold their reputation as the highest governing body in a nation.

[Cryptmuster]

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

If you have a talent for doing business, then you can live in abundance anywhere in the world. I know people who earn a lot of money with the help of business, they have reached the level that they have everything they need and they don’t even think about dealing with cryptocurrencies. Bitcoin can give you a chance to earn something if you do everything right, but the same applies to the business, it is also able to bring a lot of money if you can organize everything properly.

[Smack That Ace]

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

I don't think anyone will have too much trouble investing or converting from bitcoin to fiat and vice versa. Because even countries ban bitcoin, exchanges can still be used normally without any problem. Moving abroad is not as simple as we are talking about, and it is not necessary just because of bitcoin that we have to move abroad and leave our loved ones and family behind.

But I agree with you, it is not advisable to invest in bitcoin with savings while we are unemployed. The unemployed need money for their daily needs, and bitcoin doesn't do that.

[xSkylarx]

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

If you have a talent for doing business, then you can live in abundance anywhere in the world. I know people who earn a lot of money with the help of business, they have reached the level that they have everything they need and they don’t even think about dealing with cryptocurrencies. Bitcoin can give you a chance to earn something if you do everything right, but the same applies to the business, it is also able to bring a lot of money if you can organize everything properly.

Talent is inborn, and not all of us have it, but that doesn't mean that you can't do business because business can be learned through knowledge and experience, and having a talent for it is a plus. That is why others are not good in business but are smart, which they learned over time and improved their business. It is just a matter of working hard and doing it smart.

[fuguebtc]

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

If you have a talent for doing business, then you can live in abundance anywhere in the world. I know people who earn a lot of money with the help of business, they have reached the level that they have everything they need and they don’t even think about dealing with cryptocurrencies. Bitcoin can give you a chance to earn something if you do everything right, but the same applies to the business, it is also able to bring a lot of money if you can organize everything properly.

It's true, cryptocurrencies are not the only way to make us a lot of money, to make us financially free. Many people are still living rich life without cryptocurrency. We need cryptocurrencies because we are willing to take risks to get rich quickly, but many people don't want to admit this fact.
Sometimes you don't need to have talent, you just need patience, effort, and hard work, you can also build your own business or start a business in any field you think has potential. Without those things, whether investing in bitcoin or going abroad to work, we will never succeed.

[Magic-Money]

That is a good one by sharing your knowledge to your friends in your area, because the world is changing and unemployment is increasing on yearly basis, in other words, Bitcoin has given many people job in one way or another, and you can only teach what you know in Bitcoin, because, Bitcoin has many function's, that is beyond investment. And is good to have the basics knowledge of Bitcoin and how it been trading in a platform.

[Smartprofit]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

If I were you, I would not tell my friends that I own and trade bitcoins.  

I would just tell them that I heard about this technology from third parties and got a bit interested in Bitcoin.  After that, I would tell them about the pros and cons of investing in bitcoin.  

If they were not interested in my story, then I would not convince them that investing in bitcoin is what they need.  Perhaps this is not true.  

Your friends do not have a permanent job, perhaps they do not have free funds to invest in bitcoin.  Perhaps they need to find a job first, and only then buy bitcoins for themselves?

[Findingnemo]

Snip~

Did you get rich by trading without knowledge? And are you guiding and advising people to trade without knowledge? From what you said, trading is very simple, why is the win rate in trading so low, if not extremely low? I have seen many wealthy people, change their lives by holding for a long time, but really I have not seen anyone make a lot of money from trading with only a few hundred dollars and without knowledge.
If trading is so easy to make money, I advise all unemployed, homeless people to join the trade, and then they will make a decent amount of money. That way, they don't need to go to work or sleep on the street because money is easy to earn.

I didn't say I became rich by crypto trading without having any knowledge about it but to start we don't need that extensive knowledge, if we just stick to the basic of buy low and sell high you can make money so that is better than starving to death due to unemployment.

Trading is easy though, but being consistent in making profits is not possible for anyone well anyone can start trading with few dollars, a smartphone and internet then why still millions out there are not doing it? Cause they're ignorant about trading.

And I bet 95% of this world population unaware that something called trading stocks, forex or crypto exists.

[Japinat]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

If it is in your area, I would probably agree and believe that you are indeed the only person who have a better understanding about bitcoin and how it works, etc. But telling that you're the only person who knows it in your whole region is quite a bit much to say, it's an overstatement, IMO.

I have no quarrel with you if you're sharing what you know about bitcoin in the circle of your friends and what could it possibly give them if they will start their own journey because that is indeed our duty and our responsibility to share the knowledge, and not to keep it as a secret. Nakamoto gave this chance for all of us, to establish a better live rather than be blind about the reality which most of us here in Earth do not know.

[Lorence.xD]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

If I were you, I would not tell my friends that I own and trade bitcoins.  

I would just tell them that I heard about this technology from third parties and got a bit interested in Bitcoin.  After that, I would tell them about the pros and cons of investing in bitcoin.  

If they were not interested in my story, then I would not convince them that investing in bitcoin is what they need.  Perhaps this is not true.  

Your friends do not have a permanent job, perhaps they do not have free funds to invest in bitcoin.  Perhaps they need to find a job first, and only then buy bitcoins for themselves?

I think you have point since OP said it's illegal in their country so it would be better to tell a story in a third party, that's why Bitcoin was made for you to be anonymous no need to expose what you are doing. If they really curious and really interested maybe you can give more information for them of course it should be included the risk and negative effects. But the thing that I would like to consider is that they don't have sources of money so how they could invest in Bitcoin? You shouldn't put your savings in a volatile environment that might lose your assets in just second. Find a job that could support your needs if you have extra money then that's the time you could put some investment.

[Wildwest]

With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

[minairia3]

With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

[riskarcher]

With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

Yeah agree with you statement,  Bitcoin never solve financial problems It will create new problems if unemployed friends can't control their money which is bitcoin is not solution to making they rich it will make they more poor, never educating someone who dares take a risk, atleast teach them how to get coin from airdrop so they will learning by doing how to manage buy and sell coin without loss their money

[Asuspawer09]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I mean you don't really know if you're the only one that has knowledge about Bitcoin in your area, they might already try it or know about it.  Also, you cant assure them that if they get involved in Bitcoin unemployment will be solved that's not true at all, not everyone who knows or is involved in cryptocurrency or Bitcoin wins, there are a lot of losers as well, it's a risky investment obviously.

For the most part, what you can do for them is just teach them about your knowledge of Bitcoin what is bitcoin, what is it used for, and some basic knowledge that they can use if they really want or they are interested in investing in Bitcoin but don't promise anything on them.

[sulendra12]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

Well you stated then it's only your friends that have barely understanding regarding Bitcoin, it doesn't mean it's only you are the person who knows about Bitcoin. Probably other people in your area also knows about Bitcoin but refrain to be in front of people because they just don't want to and keep them anonymous. Can't really blame that since they only talk about Bitcoin mostly with their own groups.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

It's great step for you to actually teach them and knowledge them about Bitcoin not only in positive way but also tell them the negative stuff about Bitcoin so they know the risk once they keep in touch with Bitcoin also they will not surprised once something happens where most likely it's unexpected at all. The thing about legitimacy in your country then would recommend to just keep it with your friends instead of publicly acknowledging people about Bitcoin. I'm pretty sure you can teach them slowly but sure about what's good with Bitcoin and what's not.

[summonerrk]

~~~

It is very noble to tell your friends about cryptocurrencies in the same bitcoin.
Just like you, my friend enlightened me on the topic of cryptocurrencies many years ago. Then bitcoin was worth about a hundred dollars. But then I didn't believe him in the success of biteoin.
Nevertheless, I am here, and I am grateful to my friends who worked on my understanding of the blockchain and how much it is a breakthrough technology.

You are doing a good deed, but always warn your friends about the risks that cryptocurrency carries. After all, this is a dangerous financial instrument.

His actions are good, he is trying to help his friends. But honestly, I don't think bitcoin is suitable for this situation because those 2 friends are unemployed, and we don't know what their life is like. As many others have also suggested, they need a job rather than focusing on investing in bitcoin with their savings. I don't know if OP thought of that situation. What if bitcoin investment is not profitable or will take a long time? We all know that the unemployed desperately need money, and they can't wait to get it, and it would be a terrible prospect for the OP's friends if the investment didn't go as they expected.

You have an absolutely serious view of the risk in investing, and of course, before advising your friends to invest in bitcoin, OP need to warn them that this friends can lose everything. I think that the friends of the author of the topic perfectly understand that you can not risk money that you can lose. Or I hope that they will have the opportunity to find a permanent job, and only then invest.

[Uruhara]

With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

what you say is quite reasonable. and I agree with your words. Due to the situation of OP's friend who doesn't have a job, this is certainly not the right time to take risks to invest. Unless they are young people who have rich parents who always give them pocket money. then invest with pocket money I don't think it's a problem (just kidding with a little seriousness).

But does the OP mean short term investments like day trading or something? because if it's a long term investment then of course friends who don't have a job and if they have savings and then invest in bitcoin. then I believe in the near future they will resell their bitcoins because they will need the money to meet their needs.

[Games.Bitcoin]

Bitcoin is a decentralized digital currency that operates on blockchain technology. It offers potential benefits such as financial inclusion, low transaction fees, and global transferability. While it has gained value over time, it's important to approach Bitcoin as a long-term investment and be cautious of market volatility. Securing Bitcoin holdings and being aware of online scams is crucial. There are learning resources available to deepen understanding, and exploring emerging job opportunities in the blockchain and cryptocurrency industry could be beneficial. However, it's essential to recognize the risks associated with Bitcoin and make informed decisions.

[mich]

Well I think this is a nice thing to do, educating your unemployed friend about Bitcoin. I always think it is good to educate people on bitcoin and because it is free to do it then its even better reason to. 
Knowledge for free is a good thing and many people could maybe benefit from your crypto knowledge. Knowledge is power and it is something we all want.
I will sometimes discuss Bitcoin with my friends and colleagues who knows I am into it. Sometimes that will ask me some questions when there is something crypto in the news.  The main focus is usually to earn money so I tell them to just buy the dip and HODL it for years to come.

[jeraldskie11]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I'm delighted you taught them not only the positive but also the negative aspects of Bitcoin. Some people have educated others about Bitcoin, but only the positive thing, which makes me sad. It appears that they are solely concerned with themselves because they allow you to invest in Bitcoin without sufficient understanding and assume that there is no risk in investment. I noticed that you are eager to share your understanding of Bitcoin with them, yet cryptocurrency is banned in your nation. Because the internet can trace everything you do, it may be prudent to utilize a VPN whenever you research cryptocurrency.

[justdimin]

It's true, cryptocurrencies are not the only way to make us a lot of money, to make us financially free. Many people are still living rich life without cryptocurrency. We need cryptocurrencies because we are willing to take risks to get rich quickly, but many people don't want to admit this fact.
Sometimes you don't need to have talent, you just need patience, effort, and hard work, you can also build your own business or start a business in any field you think has potential. Without those things, whether investing in bitcoin or going abroad to work, we will never succeed.

I think the difference is that it's global, I prefer crypto because it can make me rich and it is global, I can find a guy who has a product in japan, a digital thing lets say, even a pdf, and I can find a buyer in USA and sell that, then another at Germany, then another at Egypt then another at Nigeria, then another at Russia and so forth.

As you can see it's such an easy thing and the payment would only have to be via crypto, which takes a minute to use and it's gone. I can do that all day everyday. Sales alone is such a great way of making money in the crypto world. Start a digital agency, do all social media, coding/development, design and everything else like SEO and SEM etc, you do not have to know it all, you just need to sell that service, if you can sell, you can find someone who takes crypto that does these.

[Jody.Drummer]

With your knowledge of Bitcoon I think it is very helpful for them to solve the financial problems they are facing today, and I am sure that at a young age they will certainly easily digest about Bitcoin because this is indeed something they must learn to change their future for the better, and you have to explain to them all about Bitcoin that you know because there are advantages and losses so it must be explained well So that they don't blame you when their desires are not fulfilled.

OP's friends are unemployed, and how do you think bitcoin will help them in this situation? Bitcoin is an investment, and when we invest, win or lose, it doesn't give us a job with a steady income. So that's why I don't think bitcoin can help his friends. What they need now is a job, not an investment, because they don't have money to invest and can't take risks to use their savings to invest.

Yeah agree with you statement,  Bitcoin never solve financial problems It will create new problems if unemployed friends can't control their money which is bitcoin is not solution to making they rich it will make they more poor, never educating someone who dares take a risk, atleast teach them how to get coin from airdrop so they will learning by doing how to manage buy and sell coin without loss their money

The stigma that bitcoin has always been one of the things to get instant wealth is always felt and even though it is not said in such an explicit way, it is clear that the goal seems to be going in that direction.
I personally don't really mind if I tell or just share about bitcoin, but with the conditions and experience and of course when beginners are fed in a way that is actually a little dangerous because they want profit, this is indeed quite high risk.
As you said, control is very important and we must be aware that conditions such as teaching bitcoin also cannot always be correct if it is the way of delivery and only relying on profits because precisely this can make conditions become persuasive in the wrong direction.

[tjtonmoy]

Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

First of all, if they only come to this platform for the sole purpose of learning, then that journey is going to be a rough one. They will only focus on earnings and not to learn the whole thing. So firstly, you need to teach them the purpose of Bitcoin and what it stands for. What you can do with it. The blockchain technology is awesome if you can understand it. So tell them about this, refer to some articles that contains these informations. I guess this article here could help a lot because it contains so much information on blockchain. Then you can refer to this article that contains info about Bitcoin. You need full understanding on something if you want to get successful in that. When they get a grasp of the basic knowledge, they will try to reach out to you for more advance knowledge or find it on their own. One thing I say always is that, the thing you learn by your own experience, you will remember that for a long time. You have taken a good step to help your friends and respect for that. But never force or advise on a financial decision. That's all I will say.  Because you are doing a great job already. Be sure to keep yourself safe first.

[Note: I did not write those articles. So if they contain any wrong info, please do your own research on them]

[SirLancelot]

That's gonna be hard, because how would you convert your money into fiat again if Bitcoin is illegal in your country. I'd say moving out to another country is the key but it will be another problem since you guys are unemployed, and investing your savings in Bitcoin doesn't guarantee you an everyday profit because of its volatility.

I'd recommend invest your savings instead on a business, start one and make it big then move to another country where Bitcoin is legal if you guys really want to pursue it.

I don't think anyone will have too much trouble investing or converting from bitcoin to fiat and vice versa. Because even countries ban bitcoin, exchanges can still be used normally without any problem. Moving abroad is not as simple as we are talking about, and it is not necessary just because of bitcoin that we have to move abroad and leave our loved ones and family behind.

But I agree with you, it is not advisable to invest in bitcoin with savings while we are unemployed. The unemployed need money for their daily needs, and bitcoin doesn't do that.

Generally, if a country bans something, especially a cryptocurrency, they ban every application or website that is used for it as well, so exchanges would probably not be used if a country bans Bitcoin, and even if the country itself doesn't ban the apps or websites, the exchange will stop providing its services in a country where Bitcoin or cryptocurrencies are banned.

Cryptocurrency users of a country that bans cryptocurrencies might try using exchanges with VPNs but if the exchange stops offering services in the country, even after you use a VPN to access it, you basically won't get any P2P merchants for your country to get fiat against your cryptocurrencies.

[Uruhara]

It's important that your friends' financial situation is really okay. If your friends are currently unemployed and struggling financially, this may not be the right time for them to invest in Bitcoin or any other speculative asset. Instead, you can focus on assisting them in their job search and providing resources and guidance regarding job opportunities. By helping them find stable employment, they will have a stronger financial foundation on which to consider future investments. So you have to respect their individual circumstances and avoid pressuring or convincing them to invest in Bitcoin if it doesn't suit their current situation. Everyone's financial journey is unique anyway, and it's important to support them based on their needs and goals.

Correct. indeed what should be prioritized is how to get them to have a job first and generate an income that can make their financial life better. But now in some countries it is not easy to find a job. especially for someone who does not have financial capital and special expertise capital. because to invest, we must first have enough cash income to meet our life needs and be able to set aside money from our income to be able to save or invest. And maybe the OP can help his friend find a job or income from Freelance work which is actually quite a lot on the internet. it's just that special skills are needed or there is a desire to learn and adapt quickly.

[serjent05]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

If I were you, I would not tell my friends that I own and trade bitcoins.  

I agree, anything that has a connection to wealth should be kept secret because it can enticed people to do bad things especially if these people have wicked heart.  I am not saying that all friends are like that, I believe it is best to keep temptation away from our friends.

I would just tell them that I heard about this technology from third parties and got a bit interested in Bitcoin.  After that, I would tell them about the pros and cons of investing in bitcoin.  

True that, there is no need to brag about our involvement in investment and trading of BTC.  Telling them about the features and positive aspects of Bitcoin is enough to pique their interest.

If they were not interested in my story, then I would not convince them that investing in bitcoin is what they need.  Perhaps this is not true.

 

There is no need to force them to accept Bitcoin or engage in its activity.  It is their loss if they don't participate.  But we must tell them the pros and cons once they got interested about Bitcoin trading.

[eightdots]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

You need to make sure that they understand the negative aspects, namely the risks, that you tell your friends about. While there are those who make a profit as a result of their investment, there are also those who make a loss. But first of all you have a big problem and that is that bitcoin is banned in your country. How do you plan to overcome this? I think it would be better to act within the framework of the law.

I don't know if you can start a study to change this decision taken by your country. This problem needs to be overcome and it should be legal all over the world. Because countries that are late to bitcoin will have difficulties in the future.

I think you can show them many sources where they can get information about bitcoin and then you should leave the decision to your friends.

[indah rezqi]

It's important that your friends' financial situation is really okay. If your friends are currently unemployed and struggling financially, this may not be the right time for them to invest in Bitcoin or any other speculative asset. Instead, you can focus on assisting them in their job search and providing resources and guidance regarding job opportunities. By helping them find stable employment, they will have a stronger financial foundation on which to consider future investments. So you have to respect their individual circumstances and avoid pressuring or convincing them to invest in Bitcoin if it doesn't suit their current situation. Everyone's financial journey is unique anyway, and it's important to support them based on their needs and goals.

Don't always assume that every investor who is successful in an investment is an investor who has a large investment budget from the start. Some of this comes from a lack of financial strength as a first investment budget, but within a few years they can have a budget that will later make them successful with their plans.

Consider that some current forum users are doing quite well with their investments in bitcoin after a few years. Some bounty hunters who previously raised some money from bounties managed to manage their finances and invest in assets such as bitcoin. They can also benefit if they know how to develop their portfolio well. So the best advice is to have them join forums, learn, and get an initial plan and focus on building it.

[ItsCrafty]

It's important that your friends' financial situation is really okay. If your friends are currently unemployed and struggling financially, this may not be the right time for them to invest in Bitcoin or any other speculative asset. Instead, you can focus on assisting them in their job search and providing resources and guidance regarding job opportunities. By helping them find stable employment, they will have a stronger financial foundation on which to consider future investments. So you have to respect their individual circumstances and avoid pressuring or convincing them to invest in Bitcoin if it doesn't suit their current situation. Everyone's financial journey is unique anyway, and it's important to support them based on their needs and goals.

Yes, I agree with your opinion. But additionally, If you're interested in inviting a friend to join the world of Bitcoin. It’s important to make sure they have a basic understanding of what it is and how it works. You can provide them with articles, videos, or other resources that explain the concept of Bitcoin in an easy-to-understand way. Remember, Bitcoin is a new and innovative way that can be exciting and rewarding, but it's also important to be cautious and responsible. Remind your buddy to use Bitcoin responsibly by educating them on the dangers and potential drawbacks of doing so. Encourage them to keep learning because there is always more to learn about the sophisticated technology that is Bitcoin.. Do your investment in the market regularly but, before taking any opportunity or decision, must take into account that you are well aware about the steps taken by

[Ultegra134]

Snip~

Did you get rich by trading without knowledge? And are you guiding and advising people to trade without knowledge? From what you said, trading is very simple, why is the win rate in trading so low, if not extremely low? I have seen many wealthy people, change their lives by holding for a long time, but really I have not seen anyone make a lot of money from trading with only a few hundred dollars and without knowledge.
If trading is so easy to make money, I advise all unemployed, homeless people to join the trade, and then they will make a decent amount of money. That way, they don't need to go to work or sleep on the street because money is easy to earn.

I didn't say I became rich by crypto trading without having any knowledge about it but to start we don't need that extensive knowledge, if we just stick to the basic of buy low and sell high you can make money so that is better than starving to death due to unemployment.

Trading is easy though, but being consistent in making profits is not possible for anyone well anyone can start trading with few dollars, a smartphone and internet then why still millions out there are not doing it? Cause they're ignorant about trading.

And I bet 95% of this world population unaware that something called trading stocks, forex or crypto exists.

Buy low, sell high; you people are missing the point. Bitcoin doesn't come out of the sky, nor is it that easy for someone to get started. I've been here for quite a few years, and I'm far from becoming rich or wealthy. Bitcoin requires capital, and the OP is mentioning that his friend is unemployed. As a result, he doesn't have any kind of income flowing in and relies on his savings. Thus, it'd be reckless to claim that Bitcoin could assist him in this case—perhaps after he finds a job, but currently definitely not. Bitcoin's volatility isn't helping in this case because it could lead to a loss of funds, which the OP's friend is actively using due to his situation.

[posi]

Snip~

Did you get rich by trading without knowledge? And are you guiding and advising people to trade without knowledge? From what you said, trading is very simple, why is the win rate in trading so low, if not extremely low? I have seen many wealthy people, change their lives by holding for a long time, but really I have not seen anyone make a lot of money from trading with only a few hundred dollars and without knowledge.
If trading is so easy to make money, I advise all unemployed, homeless people to join the trade, and then they will make a decent amount of money. That way, they don't need to go to work or sleep on the street because money is easy to earn.

I didn't say I became rich by crypto trading without having any knowledge about it but to start we don't need that extensive knowledge, if we just stick to the basic of buy low and sell high you can make money so that is better than starving to death due to unemployment.

Trading is easy though, but being consistent in making profits is not possible for anyone well anyone can start trading with few dollars, a smartphone and internet then why still millions out there are not doing it? Cause they're ignorant about trading.

And I bet 95% of this world population unaware that something called trading stocks, forex or crypto exists.

Buy low, sell high; you people are missing the point. Bitcoin doesn't come out of the sky, nor is it that easy for someone to get started. I've been here for quite a few years, and I'm far from becoming rich or wealthy. Bitcoin requires capital, and the OP is mentioning that his friend is unemployed. As a result, he doesn't have any kind of income flowing in and relies on his savings. Thus, it'd be reckless to claim that Bitcoin could assist him in this case—perhaps after he finds a job, but currently definitely not. Bitcoin's volatility isn't helping in this case because it could lead to a loss of funds, which the OP's friend is actively using due to his situation.

We always advise each other to only invest in bitcoins with possible loss because bitcoin is very risky. I don't understand why there are still so many people giving advice to unemployed people without any source of income investing in bitcoin. For those who are unemployed, savings are something that cannot be lost, so it is a bad idea to advise those people to try trading or investing in bitcoin. When we encounter a deadlock, we should find a way to solve it, not rush into games of chance and hope that luck will come to us. Investing in haste and without knowledge is like gambling.

[Findingnemo]

Snip~
Buy low, sell high; you people are missing the point. Bitcoin doesn't come out of the sky, nor is it that easy for someone to get started. I've been here for quite a few years, and I'm far from becoming rich or wealthy. Bitcoin requires capital, and the OP is mentioning that his friend is unemployed. As a result, he doesn't have any kind of income flowing in and relies on his savings. Thus, it'd be reckless to claim that Bitcoin could assist him in this case—perhaps after he finds a job, but currently definitely not. Bitcoin's volatility isn't helping in this case because it could lead to a loss of funds, which the OP's friend is actively using due to his situation.

Doing trading should not be their only option at this stage, as I said it's very convenient to do as part time job with little physical effort so at the situation of nothing to lose I can suggest it but becoming successful with it depends on every individuals skill levels. I have been in that situation and I did trading as one of my job at the time of recovery that is why I suggested it.

Maybe I am calm and focused about financial goals with some luck factor too but it depends anyway.

[Lorence.xD]

Snip~
Buy low, sell high; you people are missing the point. Bitcoin doesn't come out of the sky, nor is it that easy for someone to get started. I've been here for quite a few years, and I'm far from becoming rich or wealthy. Bitcoin requires capital, and the OP is mentioning that his friend is unemployed. As a result, he doesn't have any kind of income flowing in and relies on his savings. Thus, it'd be reckless to claim that Bitcoin could assist him in this case—perhaps after he finds a job, but currently definitely not. Bitcoin's volatility isn't helping in this case because it could lead to a loss of funds, which the OP's friend is actively using due to his situation.

Doing trading should not be their only option at this stage, as I said it's very convenient to do as part time job with little physical effort so at the situation of nothing to lose I can suggest it but becoming successful with it depends on every individuals skill levels. I have been in that situation and I did trading as one of my job at the time of recovery that is why I suggested it.

Maybe I am calm and focused about financial goals with some luck factor too but it depends anyway.

That's actually commendable for you, since people would love to be spoonfed in everything like informations, techniques especially the easy money. They didn't even exert effort for them to improved their financial status. In crypto it's not really recommended to invest or trade if you don't have a money sources like salary or earnings. Because there's always risk present in this industry it would be a bad decision to put at stake the savings that you might be needing soon. If you think you could handle work plus crypto that's much better.

[Popkon6]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I like your intentions and suggestions the most. Because Bitcoin plays a significant role in eliminating the unemployment of the unemployed youth, if you have some amount of money, you will definitely never hesitate to take such a step. Because currently the price of Bitcoin is very low speed if you can definitely deposit some money in Bitcoin then your wealth will increase in the future. And your unemployment will be eliminated Bitcoin is one of the ways to eliminate unemployment. But since Bitcoin has come in, be careful with the legal aspects and use Bitcoin properly to never face losses and you must have the ability to accept risk.

[Nrcewker]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

[Marvell1]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I like your intentions and suggestions the most. Because Bitcoin plays a significant role in eliminating the unemployment of the unemployed youth, if you have some amount of money, you will definitely never hesitate to take such a step. Because currently the price of Bitcoin is very low speed if you can definitely deposit some money in Bitcoin then your wealth will increase in the future. And your unemployment will be eliminated Bitcoin is one of the ways to eliminate unemployment. But since Bitcoin has come in, be careful with the legal aspects and use Bitcoin properly to never face losses and you must have the ability to accept risk.

But I wonder how bitcoin will help OP's friends escape unemployment? Does Bitcoin provide them with jobs and monthly income to make ends meet? And what can you do to ensure that investing in bitcoin will definitely help them make enough profit that they don't need to work and still have money to eat? Does investing in bitcoin do those things for you?

If you are looking for a job that pays in BTC, such as participating in a signature campaign, then I will agree with you, but if you say that investing in bitcoin will help you get out of unemployment, then I will doubt it. Bitcoin is just an asset, a means of payment, it is not a company or organization that provides you work.

[angrybirdy]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

[DanWalker]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

Exactly, we should just introduce them and provide documents about bitcoin for them to research and learn on their own. We should not give direct investment advice if we do not want to be blamed if their investments lose money. In my opinion, giving financial investment advice to others is a bad idea because even I myself have no guarantee that my investment will definitely be profitable. So I have nothing to guarantee anyone and I don't want our friendship to break just because of money.

[cheezcarls]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

What really impressed me in your story is that not only you give them the positives and opportunities but also the negatives and risks  as well to be fair and transparent.

And yes I agree the fact the opportunities in Bitcoin doesn’t not restrict only towards invest and hold, trading, mining, payment method for your products and services, etc., but it’s actually a gateway towards multiple opportunities in the cryptocurrency and Web3 space.

When I was in my first months of my crypto journey, I kept learning more about Bitcoin and some ways to earn money with it. However, that leads me to exploring much beyond by going into altcoins and see multiple opportunities to earn as well. Thanks to Bitcoin where it really started my journey and one of the reasons of who I am today being a passionate educator, keynote and panel speaker in various universities and communities.

Hoping that your unemployed friends will be exploring even more beyond Bitcoin so that they can be helped with their own finances aside from yours.

But of course as you’ve mentioned about their hard-earned savings, I do not think encouraging them to spend it for Bitcoin would be a good choice. They can earn Bitcoin and altcoins for free in many ways rather than coming from their own savings. Just my two sats.

[DabsPoorVersion]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

Exactly, we should just introduce them and provide documents about bitcoin for them to research and learn on their own. We should not give direct investment advice if we do not want to be blamed if their investments lose money. In my opinion, giving financial investment advice to others is a bad idea because even I myself have no guarantee that my investment will definitely be profitable. So I have nothing to guarantee anyone and I don't want our friendship to break just because of money.

If being blamed is all you're thinking, you can simply tell the risk they are about to face. Your friends have to know and understand that all investments come with the risk. Explain to your friends that you are not responsible for any or if ever their investment comes to failure. Learning about the investment is still required before they invest as you only give the information of where to possibly start an investment.

[boty]

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

Exactly, we should just introduce them and provide documents about bitcoin for them to research and learn on their own. We should not give direct investment advice if we do not want to be blamed if their investments lose money. In my opinion, giving financial investment advice to others is a bad idea because even I myself have no guarantee that my investment will definitely be profitable. So I have nothing to guarantee anyone and I don't want our friendship to break just because of money.

Introducing Bitcoin to friends will certainly really help them if they want to learn about how to get it and how to invest in Bitcoin, but if they don't like it, of course they won't learn it, so before we introduce it to our friends, we need to see first how they respond do they want to know more about Bitcoin and if they want it of course they will find out for themselves and if they don't get it of course they will ask us again. If we can't guarantee people to invest, it would be better if we don't suggest it to other people because this will be very risky for other people and I agree with you. Instead of losing friendship, it's better if we don't advise them to invest.

[Lorence.xD]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

Exactly, we should just introduce them and provide documents about bitcoin for them to research and learn on their own. We should not give direct investment advice if we do not want to be blamed if their investments lose money. In my opinion, giving financial investment advice to others is a bad idea because even I myself have no guarantee that my investment will definitely be profitable. So I have nothing to guarantee anyone and I don't want our friendship to break just because of money.

If being blamed is all you're thinking, you can simply tell the risk they are about to face. Your friends have to know and understand that all investments come with the risk. Explain to your friends that you are not responsible for any or if ever their investment comes to failure. Learning about the investment is still required before they invest as you only give the information of where to possibly start an investment.

Well, that's true. You're just being good by telling them options for money sources by introducing Bitcoin to them. Of course, giving them backgrounds and the risk involves must be included. You should pick the persons or the friends you have to introduced Bitcoin, because some wouldn't literally gives a sht about crypto or Bitcoin, some would say that they are a scam. You are just giving them an idea, if they blamed you for things they did, it's literally up to them. If they have conscience for that cause that would be never your responsible. Every knowledge and experience will be explored by the person itself, they can't just rely by the information you give, so they would do their own research as well do their own investment, then that's it.

[Texac]

... Bitcoin plays a significant role in eliminating the unemployment of the unemployed youth...

Bitcoin reduces unemployment, bitcoin eliminates poverty, bitcoin will bring peace and no war...I wonder where people come up with these ideas because bitcoin created by Satoshi is just a currency and to be able to earn money you need to work, bitcoin is not free for anyone.

Introducing bitcoin to people is a great thing that any of us should do because that's how bitcoin becomes more popular.  but we need to be realistic and not live in illusion, bitcoin is just a currency and to get money we need to work hard. 

By the way, I want to ask OP since you introduced bitcoin investment to your friends, do they have income and become people with stable jobs thanks to investing in bitcoin?

[Renampun]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

sometimes being a good friend is quite difficult, especially when it comes to investment advice, it seems difficult, there are also some of my friends who ask me about bitcoin, but I only explain where they can get the most complete information about bitcoin, I also won't suggest them or tell them to invest in bitcoin because from my experience several years ago, I broke up with one of my friends because I advised him to buy bitcoin and invest in it, learning from that incident, I choose who I will teach about bitcoin, don't let the friend you are teaching it to be not mentally prepared for a bearish market, he will definitely immediately do something silly like selling at a loss.

[JunaidAzizi]

First of all, I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

From your text, I am assuming how much backward your area I don't know which country you belong but offering others towards bitcoin will be very difficult if you start this with your friends it is appreciatable.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well-educated in their respective positions but due to a lack of adequate facilities, they are unable to find any employment.

If they are unemployed but qualify then they will understand Bitcoin easily. If they came to the bitcoin then they don't need to do a job and maybe after entering, they won't want the job. Bitcoin has the potential to change the life of people who believe in it

I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin

Impressive, if you told them about the positive side and after entering if they lost funds they will not trust Bitcoin again so it is very good to tell them the risk and negative aspects of it first so they can make decisions easily.

but I just don't know how to start teaching them about it. Because bitcoin cryptocurrency is completely illegal in my country. So how can I help my friends in this regard?  

Simply you need to introduce them to this forum and I am sure they will learn more than other forums or videos. A lot of people will teach them how and what to do in Bitcoin and much more

[retreat]

Well, you can provide education about Bitcoin to your friends and it seems that this is not a problem considering that education about Bitcoin is widely available on the internet and anyone can access it. You can use a VPN or the TOR and P2P networks to trade or invest in Bitcoin and I think it's quite safe, because even in China, which is so strict about Bitcoin distribution, there are still millions of people who transact Bitcoin directly. So if you know the trick, you shouldn't have to worry about investing/trading Bitcoin even if your country prohibits it.

[Z_MBFM]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

sometimes being a good friend is quite difficult, especially when it comes to investment advice, it seems difficult, there are also some of my friends who ask me about bitcoin, but I only explain where they can get the most complete information about bitcoin, I also won't suggest them or tell them to invest in bitcoin because from my experience several years ago, I broke up with one of my friends because I advised him to buy bitcoin and invest in it, learning from that incident, I choose who I will teach about bitcoin, don't let the friend you are teaching it to be not mentally prepared for a bearish market, he will definitely immediately do something silly like selling at a loss.

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot. If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

[leonair]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

sometimes being a good friend is quite difficult, especially when it comes to investment advice, it seems difficult, there are also some of my friends who ask me about bitcoin, but I only explain where they can get the most complete information about bitcoin, I also won't suggest them or tell them to invest in bitcoin because from my experience several years ago, I broke up with one of my friends because I advised him to buy bitcoin and invest in it, learning from that incident, I choose who I will teach about bitcoin, don't let the friend you are teaching it to be not mentally prepared for a bearish market, he will definitely immediately do something silly like selling at a loss.

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot. If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

Yup true you are explaining the truth. I agree with you that this could be a logical reason for our failure to hold long time. I also sometimes wonder why we fail to hold long time cryptocurrencies despite thousands of attempts. Although sometimes we are very motivated to hear the success stories of others.  But when we go to hold ourselves, we lose patience and that motivation no longer works in us.  And this may be due to our poor financial condition as you mentioned

[adultcrypto]

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot.

You are right on this and it is usually worsened by listening to news where they will spread all kinds of bad news. The temptation is usually not easy and it is usually difficult for those who sold under this condition to come back to Bitcoin. The already called it a bad investment and accepted their losses. I think this is usually caused by failure of those who introduced Bitcoin to them to properly explain to them how the market behaves and what they are supposed to do when in such situations.  If they are well informed, most of them will even buy more during bear season instead of panic selling. 

If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

I  think I have passed rhis stage. As my knowledge increase, the worries and anxiety diminishes. My approach is long term so I am no more bothered by any market situation.

[GiftedMAN]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

Exactly, we should just introduce them and provide documents about bitcoin for them to research and learn on their own. We should not give direct investment advice if we do not want to be blamed if their investments lose money. In my opinion, giving financial investment advice to others is a bad idea because even I myself have no guarantee that my investment will definitely be profitable. So I have nothing to guarantee anyone and I don't want our friendship to break just because of money.

Op had done a good work by briefing friends around about what Bitcoin entails. It is a good move when we share business ideas and investment to people that are close to us so that they can have the opportunity to benefit from Bitcoin. Since we are still in the bear market, it is good when people take the opportunity to invest in the crypto so that they can be part of the bullish market and benefit hugely if they eventually purchase some small portion of Bitcoin at lower price so they can always sell it at higher price to make some profits. Crypto is very profitable when we buy at lower price and sell at higher price.

[bbigtart]

Hope you guys can give me proper feedback on this and help me move forward in helping them.

I never invite friends or advise friends, including close friends, about Bitcoin, in fact, if someone asks about investment, I direct them to gold and I also advise them to read for themselves about Bitcoin on the internet. After they understand a little, I teach them from the start, my reason is simple. I don't know how to explain Bitcoin to lay people who have never heard of Bitcoin.

Even if I want to teach my friends about Bitcoin, I will make them curious and create curiosity. The easy way to explain it is with real things, buying a car, house, etc. from bitcoin profits. The problem is that people now still see the results that we explain, if there are no results, no one will believe them. This is what happens in my area, because many people are still unfamiliar with Bitcoin.

[Youngkhngdiddy]

I never invite friends or advise friends, including close friends, about Bitcoin, in fact, if someone asks about investment, I direct them to gold and I also advise them to read for themselves about Bitcoin on the internet. After they understand a little, I teach them from the start, my reason is simple. I don't know how to explain Bitcoin to lay people who have never heard of Bitcoin.

Even if I want to teach my friends about Bitcoin, I will make them curious and create curiosity. The easy way to explain it is with real things, buying a car, house, etc. from bitcoin profits. The problem is that people now still see the results that we explain, if there are no results, no one will believe them. This is what happens in my area, because many people are still unfamiliar with Bitcoin.

  They say knowledge is power, some information are dangerous to a common man which is why not every information is shared. But in this case the only way to beat the matrix is by being informed and learning, I don’t think a person who has access to the internet has not heard the term Bitcoin, cause bitcoin is recently the most talked about topic on the internet. So they may have heard about it but just ignorant or the stress of doing their own research may hinder their effort of learning about the space. We have some people who prefer to put their money in  business where they can be seeing their money, they see Bitcoin as being an audio money and some Ponzi schemes that is why they don’t want to involve in it. But then all this are just mere speculation surrounding the actual facts about bitcoin. Just like you said people love to see results and proof that this is actually a goal getter. These set of people also end up regretting why they didn’t take their chances when they had the opportunity When they eventually see the result attached to bitcoin, some will even go further to become desperate to own bitcoin without getting proper coaching on the space.
 It is important people get enlightened about this concept, I acknowledge the effort CZ and the entire Binance team with some couple of other good crypto  gurus in the space that go out enlightening the masses about the importance of the space. This is something we should emulate in our own little way, enlighten the minds of those who are willing to learn about the space. Give them some channels and site they can go and learn on their own by so doing you are impacting a very crucial piece of information to the person, it now left for the person to make use of the information he/she has got. They are some information that can change our life if only we know about them. Bitcoin is a very good example of that information and if properly understood and applied will see a complete turnover in your life.

[Raflesia]

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot. If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

Therefore, what we need to emphasize is learning from scratch correctly about what bitcoin is because in the end this is a very important foundation for them beginners before deciding to invest but the problem that always happens is because of the limitations and the enormous laziness of us (beginners) in learning them like directly inign skip this dal jump to the next progress such as trading or investing. This is always the biggest problem that many people feel. Therefore we fail to control ourselves and always get carried away especially when the bitcoin crash starts. Whereas if we learn from the beginning and know things like ups and downs will definitely happen a big panic will not happen because we already know things like this sooner or later will be faced as a process and this is where our strength in holding back is tested.

[Bitcoinpoly]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Basically, we that are already in the crypto space have a lot to do in order ensure majority adoption of cryptocurrency. Just of recent a fiend to my brother said he hasn’t done any single investment in the crypto space before and I was shocked. I took my time to educate him on the basics of cryptocurrency and also the advantages. Exchanges should also try to contribute to the process of majority adoption of cryptocurrencies, just like the Bitget Blockchain4Youths program that’s geared towards educating youths on the knowledge and understanding of the blockchain.

[GbitG]

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot.

Yes, it is clear that if a person does not have full knowledge and financial ability about something, then it becomes difficult for him to walk in this field. Indeed, it is a requirement of human nature that if a person does not have complete knowledge of something and does not have the capacity for its required reasons, he feels fear or hesitates in that thing.

So this example should be understood here in the crypto space as well. For those who are not fully familiar with the market, there is a smell of fear in the market. Whenever there is a bear market, they retreat out of fear by selling their invested assets. And this fact presents him with knowledge that he would not have fully acquired. While those who are real investors handle the bear market without any fear or hesitation under their visual knowledge and consider the bear market as a profit for themselves by investing, this perseverance and courage are given to these people only by knowledge. First is knowledge, but then there is financial equipment to bring it into action in the bear market.

So it means to say that if you do not have proper knowledge of Bitcoin, then they can make you afraid in the bear market, and you cannot gain profit by holding Bitcoin. Therefore, it is important for every investor to study the market in a proper way, put his funds into the right investment strategy, and grab the opportunity to buy Bitcoin in the bear market to get a profit.

[Davidvictorson]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

Sometimes you cannot just avoid the conversation about bitcoin with your friends especially when you know what they stand to gain as opposed to being without the knowledge about Bitcoin. I think it's sort of like a moral responsibility that will owe them. Insurance if you do not teach them about it and help them to become financially Independent tomorrow they will come begging you for money.

[gunhell16]

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot.

You are right on this and it is usually worsened by listening to news where they will spread all kinds of bad news. The temptation is usually not easy and it is usually difficult for those who sold under this condition to come back to Bitcoin. The already called it a bad investment and accepted their losses. I think this is usually caused by failure of those who introduced Bitcoin to them to properly explain to them how the market behaves and what they are supposed to do when in such situations.  If they are well informed, most of them will even buy more during bear season instead of panic selling. 

If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

I  think I have passed rhis stage. As my knowledge increase, the worries and anxiety diminishes. My approach is long term so I am no more bothered by any market situation.

Most of the mainstream media is misleading; here in our country, the mainstream media is very unfair; the good is reported with a bad image, and the bad is shown as good. Although there are some people who use Bitcoin or blockchain technology for evil purposes, But Bitcoin itself is not really like that.

In short, it can only be used for evil, just like fiat can be used for good and bad, but to always make Bitcoin look bad is not right. It is called misleading when this is done most of the time. So if Bitcoin is banned in the OP's country, it's better if he doesn't let others know that he's doing Bitcoin, because he could be in danger because it turns out he's a violator in his country, not because he's here in the bitcoin industry but because of the law that exists in their country.

[Assface16678]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

sometimes being a good friend is quite difficult, especially when it comes to investment advice, it seems difficult, there are also some of my friends who ask me about bitcoin, but I only explain where they can get the most complete information about bitcoin, I also won't suggest them or tell them to invest in bitcoin because from my experience several years ago, I broke up with one of my friends because I advised him to buy bitcoin and invest in it, learning from that incident, I choose who I will teach about bitcoin, don't let the friend you are teaching it to be not mentally prepared for a bearish market, he will definitely immediately do something silly like selling at a loss.

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot. If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

Yup true you are explaining the truth. I agree with you that this could be a logical reason for our failure to hold long time. I also sometimes wonder why we fail to hold long time cryptocurrencies despite thousands of attempts. Although sometimes we are very motivated to hear the success stories of others.  But when we go to hold ourselves, we lose patience and that motivation no longer works in us.  And this may be due to our poor financial condition as you mentioned

And to add, I think bitcoin is not for everyone or for all your friends, especially if they are unemployed. You know that bitcoin is a long-term investment, so you will need quite a bit of funds to start with it. Whether you hold or trade, you will need to put some capital in it to survive because equity is important. And if your friend is unemployed, then it will be hard for them to invest in bitcoin as they don't have a source of income. I think it's better to help your unemployed friends land a decent job first. If they have sufficient funds, you can start to introduce them to bitcoin, or even if they are unemployed, you can teach them how to earn bitcoin, but don't let them engage right away. Help them first to have a job and enough funds to do so. In that way, they will be ready to balance the money.

[Ale88]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

It's a tricky situation because unemployed people usually have little money available, so they need that money more than ever, and what do you think is going to happen if they listen to you but then bitcoin dumps? They are going to blame you. I understand you are doing it for them, for their future, but you really need to stress out how risky investing in bitcoin is, many people say yes, yes, I got it, but in reality they don't, and then they start looking for someone to blame. So be careful, you could potentially ruin your friendship.

[KiaKia]

If they are unemployed and you tell them Bitcoin investment how do you expect them to invest money on Bitcoin? Even if they have some money somewhere since they are jobless its not smart to invest that money into Bitcoin because it's only a matter of time, they will feel the need of money and they will still sell their Bitcoin later on.

It's good OP shared his knowledge about Bitcoin but investment isn't the solution for your friends right now, they should find means of making source of income, if they can't find job in their country they can work online, and I am surprised they know too less about Bitcoin, they are educated and they have access to the internet.

Even if the government placed ban on Bitcoin it doesn't mean you should stay away from Bitcoin yourself, the government think they are protecting people but you as a smart person you should have known about the privacy lane of Bitcoin and also its decentralized utility, no one should know you are accumulating Bitcoin.

[Suzume]

It is much helpful for my unemployed friends. In our country there is a huge problem of unemployment because of overpopulation and limited number of offices companies and they need limited employ. That's the reason many well educated people of our country suffer from unemployment problem. They don't have any income source they have a pressure to do something their own and give pressure from family to do something. Because of that sometime many people take wrong decision in life.

In my opinion teaching about Bitcoin to my unemployed friends it's too much helpful for them. Because if we teach them about bitcoin they will know that what is bitcoin and why they should invest in bitcoin. After getting proper education about bitcoin they have a income source and that will help them for leaving. Invest in bitcoin help you to earn money and take out you from unemployment problem and do work freedom fully.

[Negotiation]

Educating unemployed friends about bitcoin is a really good decision the demand for bitcoin will increase through the bitcoin connection and unemployed friends will find it a source of income. Let's start by explaining the basics of bitcoin and how it works Describe its decentralized nature limited supply and potential benefits such as faster transactions and lower fees. Provide resources or references that can help them understand the technology and its potential. It is possible to eliminate unemployment through self-employment with online training. Apart from investing in bitcoin there are various career oriented trade courses by conducting youth development through training centers. Many people have already turned the wheel of fortune with these trainings freed from the curse of unemployment.

[pinggoki]

I know that you really want to help your friends to become financially independent but I have to tell you this OP, it's illegal in your country so you're better off saving yourself first because you would never know if your friends will point finger on you if they get caught being involved in bitcoin, of course you can educate them but I don't think it's your prerogative to teach them access or buying bitcoin lest they get caught. I don't know if you've started already teaching them more complex stuff but if not yet, I implore you to tread lightly if possible because as noble as your intentions are, you better take care of yourself first.

[Blitzboy]

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot.

You are right on this and it is usually worsened by listening to news where they will spread all kinds of bad news. The temptation is usually not easy and it is usually difficult for those who sold under this condition to come back to Bitcoin. The already called it a bad investment and accepted their losses. I think this is usually caused by failure of those who introduced Bitcoin to them to properly explain to them how the market behaves and what they are supposed to do when in such situations.  If they are well informed, most of them will even buy more during bear season instead of panic selling. 

If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

I  think I have passed rhis stage. As my knowledge increase, the worries and anxiety diminishes. My approach is long term so I am no more bothered by any market situation.

Most of the mainstream media is misleading; here in our country, the mainstream media is very unfair; the good is reported with a bad image, and the bad is shown as good. Although there are some people who use Bitcoin or blockchain technology for evil purposes, But Bitcoin itself is not really like that.

In short, it can only be used for evil, just like fiat can be used for good and bad, but to always make Bitcoin look bad is not right. It is called misleading when this is done most of the time. So if Bitcoin is banned in the OP's country, it's better if he doesn't let others know that he's doing Bitcoin, because he could be in danger because it turns out he's a violator in his country, not because he's here in the bitcoin industry but because of the law that exists in their country.

Isnt it honestly frustrating? The ability of the media, particularly the mainstream ones, to distort impressions is remarkable. The way that Bitcoin is portrayed is very confusing. Fundamentally, bitcoin is merely a technology and a tool, like any other, that can be used for both good and bad. Even while fiat money has been abused and manipulated for years, it is rarely examined with the same rigour as Bitcoin. Why are there two sets of rules?

You make a really good point concerning personal safety. Inst that ironic? Individuals may become targets due to out-of-date laws and regulations in their home countries rather than the nature of Bitcoin. Thus, exercise cautious. Comprehending the socio-political environment is just as important as comprehending the nuances of the Bitcoin economy.

[DanWalker]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

Exactly, we should just introduce them and provide documents about bitcoin for them to research and learn on their own. We should not give direct investment advice if we do not want to be blamed if their investments lose money. In my opinion, giving financial investment advice to others is a bad idea because even I myself have no guarantee that my investment will definitely be profitable. So I have nothing to guarantee anyone and I don't want our friendship to break just because of money.

If being blamed is all you're thinking, you can simply tell the risk they are about to face. Your friends have to know and understand that all investments come with the risk. Explain to your friends that you are not responsible for any or if ever their investment comes to failure. Learning about the investment is still required before they invest as you only give the information of where to possibly start an investment.

Of course, when I recommend bitcoin or give financial advice to anyone, I always emphasize the risk over the reward. And of course, they were always excited and took all the risks I mentioned at the time. But that's life, if their investment is successful and profitable they won't even thank you, but if it fails, they will immediately come to you to blame you for introducing it to them, they will ignore what they previously committed to because they have lost money so they don't need anything else, including friendship. I've been in that situation before so I don't want to recommend or give advice to anyone.

[Humblevirus]

Educating people about Bitcoin is a good idea because it will be beneficial to some people who may later accept it. But from your story, you said Bitcoin is illegal in your country. When something is illegal, meaning it is not allowed by the law, any person who goes against the law will surely face punishment set by law. So I will advise you not to go against the law of your country, and that is why I will not advise you to teach anyone about Bitcoin. If they want to learn it, you have told them about Bitcoin and cryptocurrency in general before, so I will just advise you to introduce them to this forum so they can learn by themselves, or you can just advise them to watch some YouTube tutorials about Bitcoin, but involving yourself in trying to teach them may lead you to another issue. So far, Bitcoin is illegal in your country.

[cryptoWODL]

Op first of all thank you for taking a good initiative. No matter which country you live in you should follow the rules of that country. It's good that you informed your friends about Bitcoin but I would say since Bitcoin is illegal in your country you should not do it openly if administration people find out you may be punished. Now there are various social media and talk about Bitcoin. Many have YouTube channels that cover everything in detail about Bitcoin.

Since you know about Bitcoin and two of your friends have money to invest in Bitcoin, you two invest first. Then when your other friends learn and know Bitcoin encourage them to invest in Bitcoin. It is also not sure if your friends will accept Bitcoin investment easily because Bitcoin is illegal in your country, maybe they have administrative fear.

[CageMabok]

I never invite friends or advise friends, including close friends, about Bitcoin, in fact, if someone asks about investment, I direct them to gold and I also advise them to read for themselves about Bitcoin on the internet. After they understand a little, I teach them from the start, my reason is simple. I don't know how to explain Bitcoin to lay people who have never heard of Bitcoin.

So how did you learn about Bitcoin in the past, did you also read it yourself on the internet after hearing the words Bitcoin from other people's mouths before you really knew about it until now? Everyone will definitely ask people who already know Bitcoin if they already know someone who understands more about Bitcoin. And I think you have also asked other people about Bitcoin, even though you advise lay people who don't know about Bitcoin to look for it on the internet.

Even if I want to teach my friends about Bitcoin, I will make them curious and create curiosity. The easy way to explain it is with real things, buying a car, house, etc. from bitcoin profits. The problem is that people now still see the results that we explain, if there are no results, no one will believe them. This is what happens in my area, because many people are still unfamiliar with Bitcoin.

If you want to teach other people about Bitcoin or people who are still unfamiliar with Bitcoin in your own area, you should also teach them to appreciate the process of learning. Don't immediately give an example of buying a car, house, etc from Bitcoin profits, because this will not enable them to appreciate the process and it will be easier for them to forget about Bitcoin when they haven't gotten any results from Bitcoin. And imagine if the person who taught them still didn't have a car, house, etc from bitcoin profits, would they believe what that person said? I don't think so mate.

[jeha2015]

Even if I want to teach my friends about Bitcoin, I will make them curious and create curiosity. The easy way to explain it is with real things, buying a car, house, etc. from bitcoin profits. The problem is that people now still see the results that we explain, if there are no results, no one will believe them. This is what happens in my area, because many people are still unfamiliar with Bitcoin.

If you want to teach other people about Bitcoin or people who are still unfamiliar with Bitcoin in your own area, you should also teach them to appreciate the process of learning. Don't immediately give an example of buying a car, house, etc from Bitcoin profits, because this will not enable them to appreciate the process and it will be easier for them to forget about Bitcoin when they haven't gotten any results from Bitcoin. And imagine if the person who taught them still didn't have a car, house, etc from bitcoin profits, would they believe what that person said? I don't think so mate.

Agree. If you teach Bitcoin to lay people, you should not immediately talk about the profits you will get. But we also have to tell you about the risks that bitcoin has. Providing material examples like that actually makes them have too high an investment in Bitcoin so that when they don't get what they want, they will be disappointed.

The first time you need to introduce bitcoin to lay people is about Bitcoin, such as having to educate Bitcoin is a decentralized digital currency that was created in January 2009. Bitcoin was born following an idea created by Satoshi Nakamoto, a figure who is still mysterious to this day, and still no one knows Satoshi Nakamoto. know just disappeared after the emergence of Bitcoin and others.

Bitcoin is a type of crypto because it uses cryptography to keep it safe even though it is valued as a currency, but the physical form of Bitcoin itself does not exist, only the balance is stored on a public ledger that can be accessed by everyone transparently, and Bitcoin is built on a distributed digital record that called a block. Maybe they need to know the basics so they can be wiser in investing in Bitcoin and finally, after being taught everything, the decision is still up to them, don't force it.

[Z_MBFM]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

sometimes being a good friend is quite difficult, especially when it comes to investment advice, it seems difficult, there are also some of my friends who ask me about bitcoin, but I only explain where they can get the most complete information about bitcoin, I also won't suggest them or tell them to invest in bitcoin because from my experience several years ago, I broke up with one of my friends because I advised him to buy bitcoin and invest in it, learning from that incident, I choose who I will teach about bitcoin, don't let the friend you are teaching it to be not mentally prepared for a bearish market, he will definitely immediately do something silly like selling at a loss.

Those who are not well aware of Bitcoin's history and who are not financially strong will never be able to control themselves during a bearish market and as a result they will immediately want to sell their Bitcoin even if they are at a loss. Such incidents happen a lot. If I speak for myself, I know enough about Bitcoin's past history, but I often panic when I see Bitcoin falling in price. This is because I am not financially strong enough and therefore I have less loss tolerance. and I think the same goes for others. But if the op can explain it well to his friend. and it is true that his friend will get good return if he can hold bitcoin for long term

Yup true you are explaining the truth. I agree with you that this could be a logical reason for our failure to hold long time. I also sometimes wonder why we fail to hold long time cryptocurrencies despite thousands of attempts. Although sometimes we are very motivated to hear the success stories of others.  But when we go to hold ourselves, we lose patience and that motivation no longer works in us.  And this may be due to our poor financial condition as you mentioned

And to add, I think bitcoin is not for everyone or for all your friends, especially if they are unemployed. You know that bitcoin is a long-term investment, so you will need quite a bit of funds to start with it. Whether you hold or trade, you will need to put some capital in it to survive because equity is important. And if your friend is unemployed, then it will be hard for them to invest in bitcoin as they don't have a source of income. I think it's better to help your unemployed friends land a decent job first. If they have sufficient funds, you can start to introduce them to bitcoin, or even if they are unemployed, you can teach them how to earn bitcoin, but don't let them engage right away. Help them first to have a job and enough funds to do so. In that way, they will be ready to balance the money.

Right,  When someone is unemployed and can't afford to meet his daily expenses, how can he invest in Bitcoin and hold it for a long time and who will provide his money? So holding Bitcoin is not possible for everyone. If it was that easy to hold and everyone could hold without selling, Bitcoin would have crossed the million dollar mark a long time ago. So suggesting an unemployed friend to hold bitcoins is not a logical suggestion. On the other hand, if he trades bitcoins, he will also need funds for this, but if he can collect funds through hard try or loans, there will be high risk and if he loses the money, it will put him in more danger. so instead of hoping to get an unemployed friend into Bitcoin, it would be more logical to arrange a job.

[LUCKMCFLY]

Gambling less I think is a good way to stay safe in gambling instead of constantly trying to be frequent and regularly playing gambling to make sure one wins his gambles. Though it's not a guarantee to be a successful gambler but it'll help regulate and control a person's emotions whenever he's betting. So gambling less is a good way of gambling.

Gambling doesn't mean you are safe from losing money. What if you gamble less, but the amount of money you place or bet is big, so if you lose, it will still have a big impact on you? The safest answer to this question is to stop gambling at all, not limit yourself, or have a good mindset and self-control. Just quit totally, and you will not lose any money. But I understand there are gamblers who can't just easily let go of gambling; they will still want to gamble at any cost. If that's the case, if you know that you can't make yourself stop gambling, then seek help, do rehabilitation, and such. Seek help from your friends and family so your attention will be directed to other things, like sports or another hobby that could make you forget gambling. If your goal is to earn, then find another means of earning.

It is true every time we play in a casino, we must be clear about something, that the money we put into a game, we can lose, in fact it is only Safer , so it is a money that has to be seen as willing to lose, because we have to get into the head of the person that that money is going to it, also allocate a budget that will not affect us in our daily expenses or something, that is, money that we allocate and that will not affect us. Does it matter if we lose it, secondly do we have to have auto-control? Yes, so as not to deposit more if that money is lost, because the rest would be something that can generate losses and more than money , many things can be lost if one falls into a possible addiction, a person who is clear about this at the time of taking In a casino you are ready to be able to play big, so when you are in a casino you Cannot imagine that we are going to become millionaires, it is not like that, this must also be kept clear.

When we are in the casino, if we play we must accept things, the rules of the game and not try to impose our rules, it can be done as long as the rules of the particular game are respected, at the time of playing it is not the person's decision if If you want to play with little money or with a lot of money, the question is that if you play with a lot of money the chances of having an eventual win decrease, if you play with little money, then the chances of winning increase but obviously the wins are not going to be very large, then that is a decision of the person.

If the player decides to play with little money, and wants to settle for the little money he wins, it is a good option, it is not about treating badly or what is wrong, it is a strategy, but if he does not win anything he cannot die either, always in The game has to be considered that the swan will always have the advantage at home, that we fight against that advantage and against the complexity of the game.

[adultcrypto]

Educating people about Bitcoin is a good idea because it will be beneficial to some people who may later accept it.

One thing I will love to encourage us to do while telling people about Bitcoin is to always tell them the truth. This will make them develop the right mindset towards Bitcoin and will solve a lot of their problems in this journey. They must know that Bitcoin is not a shortcut to wealth and that it requires time to yield profits.

But from your story, you said Bitcoin is illegal in your country. When something is illegal, meaning it is not allowed by the law, any person who goes against the law will surely face punishment set by law. So I will advise you not to go against the law of your country, and that is why I will not advise you to teach anyone about Bitcoin.

You have a valid point in this because he is already exposing his friends to risk which is punishable hy their laws. If any if his friend is caught and sent to jailed, he will be blamed for it.
To avoid that, it is better he stop and hope things can change with their laws regarding Bitcoin.

[coupable]

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

I find it good that you are thinking of helping your friends and saving them from the bitter reality of unemployment. It can be said that your friends are lucky to have you.
I almost share the majority's opinions regarding providing ideas to help you, and I will add simple details:
- Investing in Bitcoin is considered one of the safest and simplest options that does not require much knowledge of the basics in the beginning. But it always remains a type of gambling if the investor is looking for short-term profits, which is never guaranteed.
The best way is to educate them about Bitcoin and its working mechanisms so that they can use it to launch their businesses. Bitcoin provides a payment system as well as having the characteristics of an exchange currency.
- Why don't you offer them this forum and invite them to be permanently present here among us? I think this is the best you can offer them at their current stage as beginners.

[OgNasty]

I think it would be dangerous to fill an unemployed person’s mind with the idea they can throw their life savings into Bitcoin and they’ll get rich. If they’re unemployed they probably have bigger needs than investing. Rather, the employed friend with funds they can invest would be the better choice as they are in a position to act on the knowledge responsibly.

[GigaBit]

Your government made BTC illegal. You don't want them to blame you once the authorities caught them. Only way they can hide it is if they know how to use tools for anonymity which is another lecture to do but you can't be sure how careless they may be.

They are unemployed and my guess is that they don't have something to invest. This should be the first to solve first, its a long way but one at a time before introducing them to BTC.

If I were OP, I wouldn't recommend my friends invest in bitcoin because they need a steady source of income right now, and bitcoin can't help them do that. How can someone without a job invest in bitcoin? The savings will also be exhausted if we use it and don't have any additional sources. Not to mention the investment is very risky, there is no guarantee they will be profitable and out of unemployment.
OP, moreover, it's not wise to give investment advice to others. Have you ever thought if the investment fails, what will happen to your friendship after that?

How can friends invest in Bitcoin if they don't have enough money? For this we may not be able to advise anyone to arrange money but if one knows about the potential of Bitcoin and after knowing it, surely many people will show interest in investing in Bitcoin. How they manage money is up to them. Because not everyone will be successful, those who will try to do something at all costs can benefit from Bitcoin. As a friend, if we think in terms of responsibility towards other friends, then we should also inform our friends about Bitcoin. Maybe they will come to know about Bitcoin through somebody maybe a bit late so if they are informed about it in advance then surely they will benefit.

[danadc]

I have spoken many times with friends about this, and I have neighbors who are older adults and it is difficult with them to reach a consensus about bitcoin because they faithfully believe in banks and their methods of making money with interest. , but to the younger ones who are my age, it is different because they want to make a lot of money, I told them that making money that quickly is difficult but there is an option that is very good if they are lucky enough, that is to buy bitcoin and wait for the price to rise, what is not known is how the price can be raised, but there are many analyzes that make us give an idea, I tell you that by the end of 2024 they may have the profits, but it is difficult to convince them, some They bought, others didn't buy for nothing, but when it goes up a lot I'm sure they will buy there, because that's how people are.

[bitterguy28]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

or maybe that is what  you only know ? I remember back in 2020 that I believe in My office I am the only one that know and understand bitcoin , or I am the only one that invested in this.

not until one day that I heard 2 of my co worker talking about their investment and even saw their Binance APPs checking their funds. I was shocked and when I approached them? we all laugh because same thing that they think they are the only 2 that has bitcoin in wallet.

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

this is the only problem here that your country banned bitcoin , so it is really hard to talk about others because you might end being inside the jain.
Hope that your friends will not betray you in authorities because you are in big trouble here.

[JunaidAzizi]

or maybe that is what  you only know ? I remember back in 2020 that I believe in My office I am the only one that know and understand bitcoin , or I am the only one that invested in this.
not until one day that I heard 2 of my co worker talking about their investment and even saw their Binance APPs checking their funds. I was shocked and when I approached them? we all laugh because same thing that they think they are the only 2 that has bitcoin in wallet.

Haha sometimes we consider ourselves the master of that thing but when we approach others we get shocked because they doing the same thing and interesting thing is they also get shocked when hearing that we also do the same , but this is not any bad things we don't need to be jealous of others they are doing their efforts and we do for ourselves.

this is the only problem here that your country banned bitcoin, so it is really hard to talk about others because you might end up being inside the Jain.
Hope that your friends will not betray you in the authorities because you are in big trouble here.

This is the important point you mentioned to the OP. Mostly when you raise your friend from a place where they don't see any route and you help them put them out and give them a bright future but when they reach the level and see your positions and your assets they feel jealous and they know most of the things about you as a friend they trying to down you and for that, they doing anything so be careful from this type of friends and identify who is your well-wisher and who is not.

[Rabata]

I know that you really want to help your friends to become financially independent but I have to tell you this OP, it's illegal in your country so you're better off saving yourself first because you would never know if your friends will point finger on you if they get caught being involved in bitcoin, of course you can educate them but I don't think it's your prerogative to teach them access or buying bitcoin lest they get caught. I don't know if you've started already teaching them more complex stuff but if not yet, I implore you to tread lightly if possible because as noble as your intentions are, you better take care of yourself first.

Choose to teach friends who you trust and who will not have any problem for teaching. Who will obey your suggestion as you say. After giving a good idea to the friends who don't know about Bitcoin at first and select some of your friends who are interested, I think only those friends can be worthy to taught basic to advanced level about Bitcoin. In countries where Bitcoin is not legal, there could be legal complications if the teaching about Bitcoin is revealed. So teach someone about Bitcoin in a way where you can be completely safe. Currently, almost every country in the world has more or less use of Bitcoin, so there is less and more discussion about Bitcoin everywhere. We know that lots of people know about Bitcoin now than before. Therefore, the environment to inform about Bitcoin is now much easier than before.

[zaim7413]

People like this need to be educated so they don't misunderstand the meaning of Bitcoin. This is not your responsibility, but as a friend you certainly don't want to see your friends continue to be in the position they are in now. Teach them, instill an understanding of Bitcoin in their minds, you will feel proud when they succeed in getting their first Bitcoin or become successful investors in the future. Their status as unemployed can change when you teach the basics of Bitcoin, you can introduce Bitcoin slowly, I am very optimistic that they will follow in your footsteps, especially so far you have benefited a lot from Bitcoin.

[Humblevirus]

I don't know the population of your area, but it's really funny to conclude that you are the only person in your area who has a basic knowledge of Bitcoin. I can't argue that, but I want you to know that there may be some people who have better knowledge of Bitcoin and cryptocurrency in general than you, but they are just silent because it is illegal in your country. In fact, I know of someone who has good knowledge about Bitcoin and cryptocurrency in general. In short, it is a good big Bitcoin investor and trader, but it never shows up aware of it, even though many people bragging about their knowledge of Bitcoin.this guy secret was reviewed that it know much about Bitcoin when one of it friend visited him in his house, and it was cut while doing some technical analysis about trading when It was about to enter the period market. So know that not all people will actually show up to say they know something or are involved in certain things unless someone is so close to them because of their security purposes.

[lixer]

That’s really great to hear mate. Educating people about Bitcoins is good and it will really help them to make a better investment plans. But I would suggest not to give them investment advice. Whether it’s Bitcoins or any other asset, never give investment advices. These friends who are praising you, will only make you responsible if there investment goes into losses. So keep yourself limited to educating only. Tell them about the benefits and decentralised nature of the coin. Rest they will figure out, what to do with these amazing coins.

For me, I don't like to discuss anything to my friends because when money involves, I considered it as a confidential matter. just like what you've said, those friends who are praising you will only make you responsible if their investments fail. It's better to introduce it first then let them make their own research and study so they can learn it from their own and to avoid the blame in the end. Not because I don't want to teach them every details, doesn't mean I am being mean and selfish. I don't want to spoon-feed them.

I agree with that. One should only educate someone about Bitcoin and cryptocurrencies if someone asks them upfront because that will not let them put any blame on the guy in case they make a decision to invest and then lose money, and the person who educates them should let them know in advance the amount of risks cryptocurrency investments carry even though Bitcoin's risk is a bit lower since it is the most trusted and safe cryptocurrency in the market.

Spoon-feeding someone everything and also making them make investments might be bad for you later on because such people often blame those who get them through every process, once they lose some money, they will not hesitate before saying that you were the one who made them invest in cryptocurrencies.

[Blitzboy]

I know that you really want to help your friends to become financially independent but I have to tell you this OP, it's illegal in your country so you're better off saving yourself first because you would never know if your friends will point finger on you if they get caught being involved in bitcoin, of course you can educate them but I don't think it's your prerogative to teach them access or buying bitcoin lest they get caught. I don't know if you've started already teaching them more complex stuff but if not yet, I implore you to tread lightly if possible because as noble as your intentions are, you better take care of yourself first.

Choose to teach friends who you trust and who will not have any problem for teaching. Who will obey your suggestion as you say. After giving a good idea to the friends who don't know about Bitcoin at first and select some of your friends who are interested, I think only those friends can be worthy to taught basic to advanced level about Bitcoin. In countries where Bitcoin is not legal, there could be legal complications if the teaching about Bitcoin is revealed. So teach someone about Bitcoin in a way where you can be completely safe. Currently, almost every country in the world has more or less use of Bitcoin, so there is less and more discussion about Bitcoin everywhere. We know that lots of people know about Bitcoin now than before. Therefore, the environment to inform about Bitcoin is now much easier than before.

In fact, a lot has changed in terms of how people know about Bitcoin. But what you said about choosing a trustworthy group to learn Bitcoin is very important. In an age where information is a powerful weapon, one must choose the wielders wisely. Teaching people who are genuinely interested not only makes the lessons more effective, but it also cuts down on wasted time and effort. But keep in mind that being curious and trustworthy dont always go together.

Lets talk about the big problem that nobody wants to talk about: how Bitcoin affects the law in some places. Even though the world is changing, the looming shadows of legal consequences still hang over some areas. Safety first - always. Its not enough to just teach; you have to teach smartly too. Be careful as you go through these dangerous areas, and make sure that every lesson and talk doesnt come back to haunt you.

[jasonjm]

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Educating your friends about Bitcoin is a good thing, and you are doing a good job by giving in-depth knowledge about Bitcoin. I think you should not get involved in a thing if it is illegal in your country, and should not encourage your friend to invest. I am sure your friends are from a good educational background, and it is important for them to try and get a job in their respective field to get more success; they can do forum posting or bitcoin investment as a part-time option.
Bitcoin investment cannot guarantee a good ROI if you are not holding for the long term, and your friend's problem is to get money in the short term to fight unemployment. Encourage them to get a minimal-paying job or an internship in the field and learn some skills because they can do wonders in their respective fields. Who knows?  
If you are asking them to invest money in Bitcoin, don't do this because if they lose their money -by any chance- they will blame you for their loss, so let them do whatever they want to do with their money.

[blockman]

I have spoken many times with friends about this, and I have neighbors who are older adults and it is difficult with them to reach a consensus about bitcoin because they faithfully believe in banks and their methods of making money with interest. , but to the younger ones who are my age, it is different because they want to make a lot of money, I told them that making money that quickly is difficult but there is an option that is very good if they are lucky enough, that is to buy bitcoin and wait for the price to rise, what is not known is how the price can be raised, but there are many analyzes that make us give an idea, I tell you that by the end of 2024 they may have the profits, but it is difficult to convince them, some They bought, others didn't buy for nothing, but when it goes up a lot I'm sure they will buy there, because that's how people are.

With the older generations, they can't understand what Bitcoin is and you're only going to spend your time and voice talking to them into waste. Because that's what they have been believing that it's only best for them to get into the traditional investments and banks for them to trust with their money. The rise of Bitcoin is known mostly to the younger generations and that is because they're more with the technology and gadgets so it probably just came through their feed and buzz them with their curiosity to understand what Bitcoin is all about. I'm done into that point of convincing friends and relatives about Bitcoin.

[bakasabo]

I would be very cautious with educating people about bitcoin or cryptocurrency, as there is a tendency of becoming their enemy Nr.1 if their investment fails or things goes not as they have planned. I would never be first to talk about Bitcoin and offer help, only if person asks it first. I dont want to impose things, as I dont want to be responsible for decisions people make after. Just operate with a knowledge about their unemployment. As they might see in crypto a solution against unemployment, and with 50/50 probability might worsen situation.

[legendbtc]

I have spoken many times with friends about this, and I have neighbors who are older adults and it is difficult with them to reach a consensus about bitcoin because they faithfully believe in banks and their methods of making money with interest. , but to the younger ones who are my age, it is different because they want to make a lot of money, I told them that making money that quickly is difficult but there is an option that is very good if they are lucky enough, that is to buy bitcoin and wait for the price to rise, what is not known is how the price can be raised, but there are many analyzes that make us give an idea, I tell you that by the end of 2024 they may have the profits, but it is difficult to convince them, some They bought, others didn't buy for nothing, but when it goes up a lot I'm sure they will buy there, because that's how people are.

With the older generations, they can't understand what Bitcoin is and you're only going to spend your time and voice talking to them into waste. Because that's what they have been believing that it's only best for them to get into the traditional investments and banks for them to trust with their money. The rise of Bitcoin is known mostly to the younger generations and that is because they're more with the technology and gadgets so it probably just came through their feed and buzz them with their curiosity to understand what Bitcoin is all about. I'm done into that point of convincing friends and relatives about Bitcoin.

Each generation will have a different view of the world, so we do not need and should not force people of the older generation to adapt to our things. Just like us, why don't we like and choose things that they like? So don't force them to follow our thoughts.

When we want to share and educate bitcoin, we should also choose the audience, not share widely and force everyone. Don't impose your thoughts on others when we also don't want to follow what others say.

[AnonBitCoiner]

Each generation will have a different view of the world, so we do not need and should not force people of the older generation to adapt to our things. Just like us, why don't we like and choose things that they like? So don't force them to follow our thoughts.

When we want to share and educate bitcoin, we should also choose the audience, not share widely and force everyone. Don't impose your thoughts on others when we also don't want to follow what others say.

we should not force anyone to move towards another technology but it is necessary that you should adapt yourself according to the era in which you are living. In past there was not such online technology for earning but now people are more focusing on online jobs as a part time job and we can also see their success therefore we cannot say that present technologies are not well suited.

I know that people of past age were successful in their age but if they want to be successful presently then they have to altered their mind according to the alterations occurred in everything. bitcoin is famous and successful so if we cannot force anyone then at least we can educate them about it so may be they examine its success and become a part of it.

[Volimack]

Unemployment is a curse. Those who suffers from unemployment who knows how much painful is it. Everything circle people have those types of friends who suffer from unemployment problem. I think helping someone make a person peaceful from heart. Many of my friends are suffering from unemployment problem so if I can teach them about Bitcoin that will be a work for my own happiness.

 

[Wakate]

Unemployment is a curse. Those who suffers from unemployment who knows how much painful is it. Everything circle people have those types of friends who suffer from unemployment problem. I think helping someone make a person peaceful from heart. Many of my friends are suffering from unemployment problem so if I can teach them about Bitcoin that will be a work for my own happiness.

 

Anyone can suffer from unemployment just like we see doing the COVID-19 period when people lost their jobs because of the pandemic that causes lose of lives. Those that are working now can still lost their jobs in anything unfortunate happens. The best is to create our own personal businesses where we can employ people to work for us and earn from with clients. Investing I'm cryptocurrency just like many of us that have different portfolios of crypto projects holdings for when we are ready to sell and keep our profits. It is important when we have different streams of income, nit just relying on a single one to take care of our bills.

[kingvirtus09]

It's not a bad thing you did to share your knowledge about Bitcoin with them, and their reactions were also normal when they heard and knew you had an idea about Bitcoin. And it's only right that you say good things about Bitcoin when they believe it.

But I wish you had said the cons, not just the pros. Because of that, you will know and see if they really understand and see the potential of Bitcoin. Maybe later, because in the end, they will blame you when they see Bitcoin as a risk.

[barisbilgili]

Unemployment is a curse. Those who suffers from unemployment who knows how much painful is it. Everything circle people have those types of friends who suffer from unemployment problem. I think helping someone make a person peaceful from heart. Many of my friends are suffering from unemployment problem so if I can teach them about Bitcoin that will be a work for my own happiness.

Not having a job will indeed be very troublesome for ourselves and also for the people around us who see that we don't have a job. If there are friends who can help them to get a job, they will be very happy because it helps them to be able to get a job that provides income so that they can meet their personal needs. You are right, when we can help other people to earn income for that person, of course we will be very happy to see that the person will also be happy because they have found a job that they can do.

[BALIK]

Each generation will have a different view of the world, so we do not need and should not force people of the older generation to adapt to our things. Just like us, why don't we like and choose things that they like? So don't force them to follow our thoughts.

When we want to share and educate bitcoin, we should also choose the audience, not share widely and force everyone. Don't impose your thoughts on others when we also don't want to follow what others say.

we should not force anyone to move towards another technology but it is necessary that you should adapt yourself according to the era in which you are living. In past there was not such online technology for earning but now people are more focusing on online jobs as a part time job and we can also see their success therefore we cannot say that present technologies are not well suited.

I know that people of past age were successful in their age but if they want to be successful presently then they have to altered their mind according to the alterations occurred in everything. bitcoin is famous and successful so if we cannot force anyone then at least we can educate them about it so may be they examine its success and become a part of it.

But there's one thing you forgot, many people still don't know about bitcoin but still have a better life than you and me. Many people in my area are very wealthy and they say they have earned enough money to support their children for life without having to do anything. Does investing in bitcoin make sense for them?

I agree with the idea that we should choose people to educate about bitcoin instead of assuming that everyone should know about bitcoin. Don't try to teach rich people how to spend money or teach them how to get rich. Not everyone needs bitcoin, not everyone is like us, so we should only introduce bitcoin to people who really need it.

[Casdinyard]

Since you have already spread the word about bitcoin among these friends you have, the only thing that's left for you to do really is to encourage them to do their own researches and from here on out, invest or learn about bitcoin out of their own accord. It's less about not taking accountability if your friends lose in their investments, but more about giving them the proper knowledge base that they would use as the foundation for their bitcoin journey, and a ceremonial passing of the torch so they know for sure that from now on, they are the ones that are responsible for their investments and their financial future. Give them some books, websites, and shit that they could learn a great deal from, from there, encourage them to find about bitcoin by themselves.

[Bitcoinpoly]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Educating our friends on cryptocurrency and the advantages is one of the best of thing we can do to help promote majority acceptance of cryptocurrency.

[blockman]

With the older generations, they can't understand what Bitcoin is and you're only going to spend your time and voice talking to them into waste. Because that's what they have been believing that it's only best for them to get into the traditional investments and banks for them to trust with their money. The rise of Bitcoin is known mostly to the younger generations and that is because they're more with the technology and gadgets so it probably just came through their feed and buzz them with their curiosity to understand what Bitcoin is all about. I'm done into that point of convincing friends and relatives about Bitcoin.

Each generation will have a different view of the world, so we do not need and should not force people of the older generation to adapt to our things. Just like us, why don't we like and choose things that they like? So don't force them to follow our thoughts.

When we want to share and educate bitcoin, we should also choose the audience, not share widely and force everyone. Don't impose your thoughts on others when we also don't want to follow what others say.

I am not forcing it to anybody and even before, I didn't force to educate someone in Bitcoin because I just like them to know what I have discovered. I know the feeling of being ignorant and uninterested and that's why when I see people uninterested, I just stop and never talk about it anymore. And if they ask, maybe I'll get the appetite to tell it to them or maybe not. It depends to the mood because once you've been there and you've been ignored, you don't feel the same energy as before and you just lose that eventually.

[jaberwock]

Introducing Bitcoin to friends will certainly really help them if they want to learn about how to get it and how to invest in Bitcoin, but if they don't like it, of course they won't learn it, so before we introduce it to our friends, we need to see first how they respond do they want to know more about Bitcoin and if they want it of course they will find out for themselves and if they don't get it of course they will ask us again. If we can't guarantee people to invest, it would be better if we don't suggest it to other people because this will be very risky for other people and I agree with you. Instead of losing friendship, it's better if we don't advise them to invest.

I would say as long as we are not pressuring them into investing, just letting them know that you are interested and if they ever need any help or have any questions regarding this situation they could end up with a greater return and should be fine. I am not saying that we are going to get super rich or anything with it, all I am saying is that we are not going to end up with a situation that would be all that shocking to the world.

Let's hope that we could make it work one way or another and that could result with a situation where people could comeback to you when they feel ready. This way we are not making them invest, but just let them know that we are here if they do want it, and when they do, they will think of us and reach out.

[Dr.Bitcoin_Strange]

Don't immediately give an example of buying a car, house, etc from Bitcoin profits, because this will not enable them to appreciate the process and it will be easier for them to forget about Bitcoin when they haven't gotten any results from Bitcoin. And imagine if the person who taught them still didn't have a car, house, etc from bitcoin profits, would they believe what that person said? I don't think so mate.

Yeah, you are right. Some people make the mistake of telling newbies about the benefits they can get from Bitcoin without first teaching them the primary things, and as they keep learning, they will know more about what they themselves want to gain from their investment. It's just like when a gambler asks you to stake in a game that he has predicted, and he is promising you that if you stake in the game, you are going to win a huge amount that you can use to buy a car. Meanwhile, he has been gambling for more than 10 years but has not been able to even buy a bicycle. Normally, one can achieve some great goals from their Bitcoin investment, but that also depends on the amount of money invested in Bitcoin. Someone cannot invest $100 in Bitcoin and expect to buy a house or car from their generated profit in the next five years.

[Learn Bitcoin]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

I am like the same one as you. I don't even know if anyone knows about Bitcoin. Even if they heard about it a couple of times through social media or any other sources, I am not sure if anyone uses Bitcoin. I don't share these things with everyone except for my family members and my closest friends.

The maximum number of friends I hang out with are unemployed.

The difference is most of my friends are employed and they have money to invest in Bitcoin as well. But I do not encourage them to do it because they may misunderstand Bitcoin and later blame me.

[laurenB7742]

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

I am like the same one as you. I don't even know if anyone knows about Bitcoin. Even if they heard about it a couple of times through social media or any other sources, I am not sure if anyone uses Bitcoin. I don't share these things with everyone except for my family members and my closest friends.

It is very difficult to confirm that besides you, no one in your area knows about bitcoin. Because like you said, you also don't share with anyone other than your relatives and maybe other people are doing the same thing. So OP, don't assume you're the only one who knows about bitcoin in your area. People who value privacy will never brag that they are investors or have knowledge about bitcoin.

The maximum number of friends I hang out with are unemployed.

The difference is most of my friends are employed and they have money to invest in Bitcoin as well. But I do not encourage them to do it because they may misunderstand Bitcoin and later blame me.

Giving investment advice to others is something we should refrain from, and it becomes an even worse idea if we give advice to unemployed people. Bitcoin is a risky investment, it does not give us a job or a stable income.

[Miles2006]

It's not a bad thing you did to share your knowledge about Bitcoin with them, and their reactions were also normal when they heard and knew you had an idea about Bitcoin. And it's only right that you say good things about Bitcoin when they believe it.

But I wish you had said the cons, not just the pros. Because of that, you will know and see if they really understand and see the potential of Bitcoin. Maybe later, because in the end, they will blame you when they see Bitcoin as a risk.

The thing here is that nothing is perfect yes it's good to educate friends, love ones about bitcoin that is a brilliant idea. Just like what you said when teaching people about bitcoin the person needs to know the disavantages, the risk involved in bitcoin.
But in my opinion if am educating a friend about bitcoin for the first time that person also needs to be interactive, ask questions to know more better. I don't expect the person to teach everything about bitcoin in just one day but gradually that person will also learn about bitcoin or making research through the help of the internet, lastly, have never heard of any investment with no risk, all investment are risky.

[Lorence.xD]

It's not a bad thing you did to share your knowledge about Bitcoin with them, and their reactions were also normal when they heard and knew you had an idea about Bitcoin. And it's only right that you say good things about Bitcoin when they believe it.

But I wish you had said the cons, not just the pros. Because of that, you will know and see if they really understand and see the potential of Bitcoin. Maybe later, because in the end, they will blame you when they see Bitcoin as a risk.

The thing here is that nothing is perfect yes it's good to educate friends, love ones about bitcoin that is a brilliant idea. Just like what you said when teaching people about bitcoin the person needs to know the disavantages, the risk involved in bitcoin.
But in my opinion if am educating a friend about bitcoin for the first time that person also needs to be interactive, ask questions to know more better. I don't expect the person to teach everything about bitcoin in just one day but gradually that person will also learn about bitcoin or making research through the help of the internet, lastly, have never heard of any investment with no risk, all investment are risky.

Teaching Bitcoin to anyone's not aware from it's existence it indeed quite good as you gave them options and idea to make money. Your suggestions is actually good, as you teach your friends or educate them, it would be better if they ask questions or being interactive showing that they are really interested to Bitcoin. But I think it would be better that you only do teach them the background knowledge and basic information about Bitcoin, by simply telling the risk, volatility, decentralization and etc.

Because at least for me, they would be too relying on you by just simply asking you all the questions as if you are the Google (most used search engine in my country.), which they can do their own research. Also it might reach to the point that almost all of their decisions were based on you, not on them which is really a bad thing. Since we all have different mindset, skills, goal and funds in this industry, so it wouldn't be always applicable to everyone.

[Woodie]

Honestly you are a good friend to your buddies, you haven't sugar coated what Bitcoin is all about, you have lead out all the positives and negatives about it which is a great start, but having to navigate around the legal aspect of it will be the difference...

But the best approach will be to ask them, what do they have to lose if they invest a few minutes of their time getting to know how Bitcoin and cryptocurrencies work versus remaining unemployed when the crypto industry has opportunities out there waiting for them through investments and every other ventures that will reward them for their time... It's now or never , the crypto train isn't waiting for anybody.

[Hewlet]

 I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

the first time I heard about bitcoin was in local news when it was also banned in my country. At the time because of the trend in internet fraud, I just felt Bitcoin was also one of those fraudulent stuff youths involved in online.

I later had a friend who was into cryptocurrency, he was the one who gave me the proper education on what Bitcoin is, and how block chain technology works and told me the politics behind the government ban on Bitcoin. He also introduced me to the forum and from the loads of information I have read so far, my mentality has changed and I feel if you take your friends through this same part my friend took me through, there mentally will also change.

But if for any reason they are still not interested, just let them be, focus on the once that are ready to learn and when they see the difference in the financial State of the those you've carried along, they will run back to you for guidance.