Today I Have Shared About The Benefits Of Bitcoin With My Friends

[Sarah Azhari]

I tried to teach them the trust about Bitcoin and they are really excited to learn more and some of them promised me that soon they will be a part of this Digital Currency though the amount is low.
I just welcomed them and I am also trying to teach about Bitcoin with my family soon.
I think we should teach our friends families and neighbors about the Cryptocurrencies specially Bitcoin. So that they can use it and be an early adopter.

Thanks, I hope you going well and healthy. I know how hard to teach people who don't know about something, that is very hard to tell them if what you say is important. I've been in your position the last year ago (when the price was around 16-17K), but they refused and told me that it is just an empty investment even a last year was the right time to step buy Bitcoin (DCA), and today they are regret because the price is around 26-27K, but strangely they are still not buying, they just wait for the price back to 16-17K, which I think they wait for mission impossible with the Bullrun phase.

I hope you continue it to family and be patient if have in the face of rejection situation.

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[NicNacCoin]

Discussing the benefits of Bitcoin cannot be easily finished but some important benefits can be highlighted through the discussion. The biggest advantage that Bitcoin has is the role that Bitcoin plays in contrast to paper money. There is inflation in our country's banking system, but Bitcoin does not have that inflation. Moreover, if you consider the aspect of security, than keeping money in the bank ,It is much safer to invest on Bitcoin and keep it in your own wallet. Moreover, the amount of profit that can be obtained by investing in Bitcoin is not that amount of profit that can be obtained if the money is kept in the bank. Another thing is that Bitcoin transactions are fully secured. But paper money or fiat currency transactions do not maintain complete security. On Bitcoin You can control yourself but if you keep the money in the bank you will not have complete controlling system over that money.

[Latviand]

I like the idea that you've briefed your friends about the benefits but I think that you probably should tell them the negatives, remember that when some of them get in, they're bound to make mistakes and if that mistak is so severe, you're probably on they're mind when they want to blame someone for their misfortune so for your sake, tell them both sides OP, helps them too to make an informed decision about their next step.

[xSkylarx]

3. Can Gain Huge Returs : I have also shared that you can make huge profits by buying and holding it. But you have to buy when it's price is cheap and it's very easy to use. You just need to have an internet connection only which may be a limitations too. I also told about it's volatility but assured them if you buy at cheap at the end of the day you will win surely.

Am I the only one that ain't telling this to others because of might scared that they will invest into it and turns out they lose their money and blame me . I know the initiative that you teach your friends is good but giving financial advice can also lead to loses . I just want them to discover it on their on and they will decide to invest into it not  because i introduced it to them

[michellee]

Teaching about Bitcoin to our friends and family is our duty so that more people can accept Bitcoin's presence. But that's only for those who want to learn something new and we shouldn't force them to learn too.

You can focus on teaching them about the investment side of Bitcoin so they can start collecting Bitcoin from now on. And don't forget to teach about the risks of Bitcoin and how to deal with the risks so that they can keep holding Bitcoin properly.

Apart from that, you also have to tell them that Bitcoin is not a way to get rich in a short time because they learn investing so they know that investing in Bitcoin takes time before you can get profits. In investing in Bitcoin, they should also learn about DCA buying Bitcoin and avoiding buying all-in.

[crwth]

I'm happy that your friends understand that BTC has a limited supply and agree that it would increase in demand and make sure that they have that piece of the pie of BTC. That's going to be their decision now if they would push through.

It would be nice if there are referring benefits though lol but of course, it's BTC. It's the actual benefit.

[mk4]

I tried to describe the positives and also I have told them about investing in Bitcoin. Told them about how easily they can use it, what are the advantages, also told some limitations like internet needed. Beside them I also told them that day by day there is a huge chance that the price will pump more as Bitcoin is limited and users are adopting massively so if they buy now they may have an additional profits also. I think it's not a poor lesson.

What you're describing is totally fine assuming the person you're talking to is already a savvy investor to start with. But obviously, most people are definitely not and have little to no knowledge about investing in general.

[peter0425]

I think we should teach our friends families and neighbors about the Cryptocurrencies specially Bitcoin. So that they can use it and be an early adopter.

I already did from years ago and yeah they are now gainer(while others are losers because of their greedy behavior)
but at least they cannot blame me as I have explained everything from day 1.

Edit: I told them that the total Bitcoin is only 21 Million and no Bitcoin can be created so the total Bitcoin is limited. So day by day people are involving and filling their bags and also because of its usecases day by day the demand of Btc will increase. And also told that will be more beneficial financially if they can inter in the market at right time. They also agreed with me.

just let them visit Bitcointalk.org forum mate https://bitcointalk.org/index.php and surely they will deeply understand what you said in this part.

[Newbie.]

You're not just sharing knowledge, you're planting seeds of financial empowerment! Teaching others about Bitcoin is like giving them a treasure map to the digital gold mine.

[Stella Mese]

there is nothing wrong with teaching bitcoin, in fact it is a good thing with the aim of being able to improve the economy or help someone's economy by investing in btc.

what you are doing is extraordinary because you have shared your knowledge and experience with those closest to you, such as your friends and relatives.
but with the condition that you don't force them to invest in btc, and it would be even better if they were told about this forum so they would join this forum.
so they can learn about btc more.

[marissapercy]

I think the third point is the most attractive, and it is also the most tolerant advantage that makes others feel excited when introducing it to others. Inflation has been very strong in many countries, including the area where I live. Unemployment, high prices, everyone wants to find a suitable product to invest in, to ensure that their existing assets will not shrink, Bitcoin is a very good choice.

[light_warrior]

In this purpose Today I have shared with some of my close departmental Friend's about Bitcoin and the benefits of it.

And how did they perceive your information about bitcoin? Have they told you that it is very difficult for them and they do not want to change their lives by doing something new? Did they tell you that this is all a scam and they want to steal their money in this way?

[Bushdark]

For Bitcoin to be the first decentralized project in the world is a gift to us as beneficiaries that as been tapping from the great features and utility that had been in existence since the launch of Bitcoin. Satoshi Nakamoto and his team have really changed the world of finance making it easier for us to make transactions without the need for a third party like the bank and other institutions that do help us to process our transactions.

Since the launced if Bitcoin, people had been seeing reasons of developing the world of finance in a way that is benefiting everyone with so many cryptocurrency projects available in the market. Blockchain technology has become versatile and even the government is here with us being a beneficiary of the work of a great man like Nakamoto.

I like the idea that you've briefed your friends about the benefits but I think that you probably should tell them the negatives, remember that when some of them get in, they're bound to make mistakes and if that mistak is so severe, you're probably on they're mind when they want to blame someone for their misfortune so for your sake, tell them both sides OP, helps them too to make an informed decision about their next step.

BMaking mistake should not be a big deal because this is what makes us improve in life. Those who are big in the cryptocurrency industry have once in there lifetime make several mistakes until they get it right. If we invest in the wrong coin project and we make loses, it is an opportunity for us to improve our understanding about the cryptocurrency market.

[Fiatless]

It's really very necessary to know by our relatives about Bitcoin because I believe that we all know about Bitcoin and it's usecases. So it's our duty to teach about Cryptocurrencies specially Bitcoin so that they can also use it and be a part of this Digital Currency. In this purpose Today I have shared with some of my close departmental Friend's about Bitcoin and the benefits of it. I have tried as much as I can because I think they should be familiar with this gem and the future of currency system. I have shared some points about Bitcoin.

Spreading information about Bitcoin is the pathway to wider adoption and use. You have done well to inform your friends about bitcoin and it is also good to know that they understood your explanation and some of them are interested in buying the cryptocurrency.

But before they blindly venture into the sector, you need to expose them to some basic lessons about Bitcoin transactions. They need to be exposed to the types of wallets as well as their advantages and disadvantages. You also need to teach them how to use these wallets to avoid loss of funds. They also need to be exposed to privacy and security. How to keep their keys and password safe should be a major content of your lesson. There has been an increase in the rate of hacks and scams, your friends most also understand how to safeguard their currencies from these evil players. You have done a good job by introducing them but there are still lessons to learn to avoid regret. Lastly, the decision to invest or buy Bitcoin should be made by them. Never persuade them because everybody must bear the risk themselves.

[BD Crypto]

And how did they perceive your information about bitcoin? Have they told you that it is very difficult for them and they do not want to change their lives by doing something new? Did they tell you that this is all a scam and they want to steal their money in this way?

They realized positively and they are eager to be a part of this gem. Currently they are now researching more because I also told him you can observe Bitcoin at Coinmarketcap and you should learn about it more by watching YouTube videos. I also told that there is a most popular Forum which is Bitcointalk and I also shared it there. They looks very excited by knowing about Blockchain technology. Hope soon some of them will join us.

But before they blindly venture into the sector, you need to expose them to some basic lessons about Bitcoin transactions. They need to be exposed to the types of wallets as well as their advantages and disadvantages. You also need to teach them how to use these wallets to avoid loss of funds. They also need to be exposed to privacy and security. How to keep their keys and password safe should be a major content of your lesson. There has been an increase in the rate of hacks and scams, your friends most also understand how to safeguard their currencies from these evil players. You have done a good job by introducing them but there are still lessons to learn to avoid regret. Lastly, the decision to invest or buy Bitcoin should be made by them. Never persuade them because everybody must bear the risk themselves.

Yes you r absolutely right and thanks for your appreciate . Yesterday I just first shared about Bitcoin. And they looks excited about it. I assured them I would help as much as I know specially about the transection and security.

[robelneo]

Edit: I told them that the total Bitcoin is only 21 Million and no Bitcoin can be created so the total Bitcoin is limited. So day by day people are involving and filling their bags and also because of its usecases day by day the demand of Btc will increase. And also told that will be more beneficial financially if they can inter in the market at right time. They also agreed with me.

If their mindset is all about making a profit because you've told them all this they will be the first ones to dump their shares when the bear market sets in or there are FUDS in the market, the profit or the financial gain should be the least that you're going to preach to them, it should be the underlying technology first and what this technology is bringing to the world.

It harms adoption if people who are going to buy Bitcoin only want to make a profit, they will ask for loans, and sell their houses just to become financially free, this is misleading and can harm your friends explain them the underlying technology and all the risk in the market.
So they will become educated and only invest what they can afford to lose.

[KiaKia]

Bitcoin can gain big income but can also make huge losses, you need to let those investors know the possibility of losing their money first before they start feeling like they can make money, if they invest in Bitcoin and plan to take profit in a month's time they might be disappointed because a successful bitcoin holder are the long term holders.

Tell them the bad side of Bitcoin before telling them the good side, this is the best way to introduce Bitcoin to anybody, because without the fear part, they will believe that making money through Bitcoin is a smooth high way to succeed.

Some will agree and face their fear and most will run after telling them the bad part of Bitcoin and this bad part is holding long term before making gains and also the possibility of losing your Bitcoin.

[Majestic-milf]

  You did well. At least before letting them in on the benefits, you must have first enlightened them about Bitcoin. But just as almost everyone one has noted, it's not every person you discuss Bitcoin with that would buy the idea. And using point 3 as the clickbait to help sweeten the point is a bit wrong as it makes it look like Bitcoin does not bring losses too. What if you invest and instead of huge returns, you record huge losses? In a way, it would mean you've painted it wrong.
 While it has its advantages and gains, it also has risks too as it's price is not stable

[Maslate]

2. Anonymous Transection: Every Bitcoin transection are normally fast and anonymous. It's very secured also. No need to submit personal or sensitive details at all. It has a limited supply which is 21 Million only. So day by day it's price and demand will increase because no new Bitcoin can be created.

This doesn't sound right at the moment because, in reality, we still use an exchange to convert our bitcoin into fiat. Anonymous transactions would only occur if bitcoin were already widely accepted and the government did not intervene. Currently, bitcoin serves as an alternative exchange or payment system, but ultimately, people still cash out for fiat currency. Most crypto exchanges do require KYC (Know Your Customer) verification from their users, which defeats the purpose of anonymous transactions.

[Aikidoka]

It's great to share your knowledge about Bitcoin with your friends or family especially when you teach them how to use it and ofc you need to cover the basics (assuming that you've done that already). If you do it correctly there's a good chance that the majority of your friends/family will become interested in Bitcoin soon. I feel like getting involved in this community earlier rather than later is beneficial especially considering the potential for Bitcoin's price to increase alot in the future.

3. Can Gain Huge Returs : I have also shared that you can make huge profits by buying and holding it. But you have to buy when it's price is cheap and it's very easy to use. You just need to have an internet connection only which may be a limitations too. I also told about it's volatility but assured them if you buy at cheap at the end of the day you will win surely.

It's true that you can gain huge returns by investing in Bitcoin but the hardest part is knowing exactly when to buy in order to make a profit. It can be really difficult to predict the movements of Bitcoin especially this year. Probably it could be a good time to invest now or it might be better to wait for the start of a bull run.