Educating unemployed friends about Bitcoin

[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.