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Author Topic: I'll always tell people about bitcoin  (Read 857 times)
Bitcoin_people
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August 02, 2023, 02:17:35 AM
 #141

This days lot of bitcoiners are scared of introducing bitcoin to people because of they  do not want to be blame if the investment ends bad.

Bitcoin has never caused a loss for the investor who knows how to wait long enough. Contrary to what you said, I'm promoting Bitcoin more and more every day.
~
Bitcoin investments never make an investor lose but gain, but even then the investor loses a lot. Those who invested when the Bitcoin market reached its peak are currently facing huge losses. In that case we can definitely say Bitcoin gives an investor both profit and loss it is always risky and due to market volatility. But we know that the price of Bitcoin will be in a good position for a while, then the investors who are among the losers will get a profit if they wait long enough. But investors must have enough patience in this case and wait for a long time only to be successful. And since you are constantly promoting Bitcoin it's really great that you keep doing this so that people are interested to invest more in Bitcoin.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Arenga pinnata
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August 02, 2023, 02:46:04 AM
Merited by fillippone (1)
 #142

I personally still don't feel ready to tell people about Bitcoin. Because I personally am still in the learning stage and still feel I don't have enough insight to explain to many people.

Maybe one day when my knowledge of bitcoin has increased and I too have become a Bitcoin holder then maybe one day I will be bolder in telling people about bitcoin. But I would not dare to be direct to other people who are not emotionally close to me. So I think starting with our family and then working with our friends is the easiest step. We only have to inform and not to invite. So that everyone will still be free to choose whether to be interested or not in the end.

Do not let the people we talk to become uncomfortable with what we convey. And don't let us become people who are considered too fanatical by people because we are too passionate about spreading bitcoin awareness. So we have to do it naturally and not bother anyone we approach in this regard.

R


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August 02, 2023, 03:01:39 AM
 #143

It is my duty to tell about bitcoin to people and it is their decision to invest in it.

This is honestly easier said than done — a lot of people will be putting some blame on you regardless if you say it's risky and it wouldn't be your responsibility of they lost money.

But yea, you do you. If you're willing to take the risk regardless, best of luck.

yes, it's very easy to say, but when it comes down to the field, of course, it's very difficult, because we have the potential to be blamed if he suffers a loss, but what the op does is a good thing as long as the op is ready to be blamed by the person he invited the op to when he experiences a loss. so in this case the op must be good at socializing and there is no element of coercion when teaching or inviting people to invest in btc.
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August 02, 2023, 03:06:57 AM
 #144

This days lot of bitcoiners are scared of introducing bitcoin to people because of they  do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again.  As for me I'll always introduce bitcoin to people because it is money, people needs money for better life.  It is my duty to tell about bitcoin to people and it is their decision to invest in it.
If you really have the passion to spread bitcoin to people like you wrote in the contents of your post, then do it wholeheartedly. Because for me personally, doing that still feels very heavy to do. Because I personally have many considerations to be able to spread bitcoin to many people. It's like looking at the character of the people, seeing how they view things that are digital, so basically I look at the situation and conditions that exist in the environment where I live first. Then the result, the situation and conditions where I live, is not conducive to being taught about crypto currencies like bitcoin. Because the majority of the people around me are farmers and the majority are very clueless about technology as they are about digital things. So in that way, for now, spreading bitcoin where I live is arguably still very difficult.

It's not that it's absolutely impossible, but if you force it, the results will most likely not bear good fruit, and if it's like that, the newest one will be myself. So for now I prefer to be silent and keep a little secret from the people around me (except my family) about bitcoin and cryptocurrencies. Unless someone comes right out and asks me about bitcoin, I'll be more than happy to explain.

Quote
Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.
In my personal opinion, bitcoin cannot completely change someone's life for the better, because you need to know, not everyone who invests in bitcoin can benefit. But surely there will be, people who will get the loss too. So I will give advice to you, if you really insist, want to spread bitcoin. Don't forget to always be careful, and don't overly impose your ideology (about bitcoin) on other people.

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dothebeats
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August 02, 2023, 03:29:50 PM
 #145

This days lot of bitcoiners are scared of introducing bitcoin to people because of they  do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again.  As for me I'll always introduce bitcoin to people because it is money, people needs money for better life.  It is my duty to tell about bitcoin to people and it is their decision to invest in it.

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

Yes, many people have lost friends and even their own families, but not because they got involved with the idea of Bitcoin. It's often due to their greed and inability to assess risk properly. If they had limited themselves in this game with a optimal bet of 2.625 Bitcoin and advised their friends and acquaintances to do the same, then 98% of them wouldn't have lost their friends and family. Think about it next time you talk to your friends about Bitcoin.

You made a good point here. Though I would like to add that there are also those who push the blame to the ones that introduced Bitcoin to them. Like those who lost a big sum of money due to their greed and irresponsibility and blamed it to the one who told them about Bitcoin, even though they were already given a heads up and advised on the dos and don'ts.

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August 02, 2023, 03:38:58 PM
 #146

I don't see why anyone would be scared to introduce Bitcoin to their friends and family. I understand that the fact that Bitcoin is volatile scares most of you, because you think people would blame you later if they lose money, but that shouldn't be a reason for anyone to be scared. If you're telling your friends and family about Bitcoin, then you should also let them know the risks that are involved in investing their money in this asset; you will only set yourself up for blames if you fail to let them know the risks. But as long as you have told them about the risks, then I don't see why they would blame you later if things should go wrong, because you already told them what's likely to happen if they should invest.
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August 22, 2023, 10:08:19 AM
 #147


Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.
Just as @lovesmayfamilis rightly said you can just tell them about bitcoin while they use the internet to do the rest research about bitcoin if they are interested they will on their volition invest in it. Today the internet has made life easier for humanity information is at everyone's finger tip, all you've got is to have an idea of the word you're searching for key it in and the rest is history.

We shouldn't take the risk of losing relationships with our friends and colleagues for an investment we convinced them of partaking in with their money cause for sure you will earn all the blames if anything go bad but when you only share the information like bitcoin and allow them to go for more informations about what they are told, the chances are that they will get wider information about bitcoin on their own both in the risk involved and profits too. And from there any decision taken its totally theirs without you in it.

People needs to be grounded in knowledge about whatever investment they will push their money into, we can't use the excuse of we having an intention of wanting to make their life more better and then hide the possible negative part of what we're introducing them into. That's a wrong way to go about it.

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August 22, 2023, 10:30:30 AM
 #148

Bitcoin is an important virtual currency, and we want to save it and keep it for the next generation, which makes it an important resource for our next generation.
Although it is complicated to use in Bangladesh, we still use it. Many people use it as their primary payment and, in real life, are dependent on it.
It is possible to legalise bitcoin if our country's government wants to, but there are some policymakers in our government who are not willing to do it, which is why bitcoin has not been legalised in our country so far.
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August 22, 2023, 10:59:19 AM
 #149

This days lot of bitcoiners are scared of introducing bitcoin to people because of they  do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again.  As for me I'll always introduce bitcoin to people because it is money, people needs money for better life.  It is my duty to tell about bitcoin to people and it is their decision to invest in it.

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

i cannot deny that there are some people will really blame you in the end if ever you said  some good things about Bitcoin without doing their own research about what we are sharing it about it. But we must always remind people about the risk they could face once they try to invest in it. At least in this way they could think more better before buying Bitcoin.

And besides, this is not our duty to tell people about Bitcoin, and I think its enough for them to know  were the things you are doing it for your source of investment and income is came from Bitcoin.


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August 22, 2023, 11:13:44 AM
 #150

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.

Bitcoin, in general, is not too risky. Its level of risk depends on how you use it. If you are using Bitcoin for investment, that's where you will have to consider it a high-risk endeavor. However, what you are doing is good; at least you are helping people become educated about the risks. Some people think Bitcoin could lead to easy money, when in fact, what they often fall victim to are scam investments that ride on the popularity of Bitcoin.

As experts have said, one way to minimize the risk of investing in Bitcoin is through education. So, you are contributing to preventing people from misjudging Bitcoin, as they now comprehend the risks associated with investing.

R


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August 22, 2023, 11:24:36 AM
 #151

This days lot of bitcoiners are scared of introducing bitcoin to people because of they  do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again.  As for me I'll always introduce bitcoin to people because it is money, people needs money for better life.  It is my duty to tell about bitcoin to people and it is their decision to invest in it.

Because of the risk that is in bitcoin it won't stop me from telling people about bitcoin which will better their life if they found it interesting.
why would they be blamed if they will just tell them ? expressing your opinion and letting them understand bitcoin
does not mean you are pushing them to invest instead your giving them another
option in life specially in their investmentsso never be blamed mate , instead help them understood life in other ways than what they have learned since day 1









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Dzwaafu11
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August 22, 2023, 02:38:23 PM
 #152

This days lot of bitcoiners are scared of introducing bitcoin to people because of they  do not want to be blame if the investment ends bad. Most people have lost good relationships with family and friends all because of introduction to financial investment with no profit and this made them to take a serious decision never to make any introduction about money to anybody again. 

It is not that people avoid educating people about bitcoin, but it is not easy to teach someone about something, especially when they do not know anything about what you are bringing up, so that is what many people are avoiding. Some people have the interest to introduce bitcoin to people close to them, but are these people going to understand what you are trying to teach them? That is what you should first consider if you want to teach, and you know that teaching is a method. Some people may know something, but they find it difficult to teach another person in a way that they will understand.

However, people who lost their good relationship because they introduced their family members to bitcoin will be the ones to blame themselves because if they follow the right way in which they are supposed to teach their relatives about bitcoin investment, I don't think they will have problems even if the investment goes wrong since the investor knows that there is risk involved in where he puts his money. However, who knows? Maybe the bitcoiner did not tell them that about the risk, and that is why they see his fault at the end.

R


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puloweh555
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August 22, 2023, 07:23:48 PM
 #153

This days lot of bitcoiners are scared of introducing bitcoin to people because of they  do not want to be blame if the investment ends bad.
In my experience, teaching friends or other people to understand Bitcoin is very difficult. Many people need more time to study it to understand it and understand the deeper implications of bitcoin. So it should come as no surprise that for most of those who have probably only heard of it once or twice, Bitcoin is still a foreign concept. when it's something they don't understand, it's easier to spread misinformation.

Therefore, I very rarely teach bitcoin to friends and other people unless they really want to be alone and want to know about bitcoin themselves. I'm new to bitcoin but when I tell my friends they think I invited them to MLM. Even though I have explained in detail how bitcoin works, it is difficult for them to accept.

It's not much different now, people just say "AH OH" when told about bitcoin, some are excited but find out there was no action at all.
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