Educating unemployed friends about Bitcoin

[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.

[1714721345]

1714721345

[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.