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Author Topic: A advise to my friend about his decision  (Read 727 times)
Nwada001
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August 06, 2023, 04:34:38 PM
 #41

What exactly do you explain to your friend—I mean, the things you told him that made him change his mind from not accepting bitcoin to accepting it?

We all have our choices to make, don't force anyone to follow your own part, because you think that will be the best option for him, it works for you does not mean it will work for others, the said person might really be the type that only care about what they can see and touch physically as that is what they understand the most and manager properly without needing an extra hand on how to do it, and beside you don't know the actual amount of bitcoin which was allocated to him, since the figure is not mentioned, it might be something worth less down a landed property, and the person in question is so much interested on how to use his own share of the will to start up soemthing for him self, @OP do you really think Bitcoin will be the best for him ?
 
You are newbie and want to teach your friend. Are you knowledgeable enough to teach your friend?

Maybe the OP is just a newbie here on the forum, but that does not completely make him a Newbie in the crypto industry, as most people might have developed crypto knowledge outside of this forum.

R


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August 06, 2023, 04:40:46 PM
 #42

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.

What a great imagination with a touch of fallacy. This is my first time I will see that Bitcoin is being inherited by some from his deceased parent. This is still strange to me and I can still laugh over this enough. Bitcoin is a digital coin that can only be traded online. For you to inherit Bitcoin there is need to have access to the wallet private key. And the wallet private key can be used by anyone or even the so called lawyer can access the private key and transfer the coin. I will like to get to the bottom of this story and I hope op will tell us what ensued between him and the person involved.

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August 06, 2023, 04:43:37 PM
 #43

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.
Before that, my condolences for your friend for his father who died.
It's actually very unfortunate that your friend doesn't understand at all about Bitcoin which his late father owned. Even though it appears that in his will, his father actually wanted to pass on the Bitcoin to your friend, but maybe your friend didn't really care about the Bitcoin before.
You did a good thing by advising your friends to accept those Bitcoins and suggesting that your friends can learn more about basic Bitcoin knowledge. So that your friend's father's inheritance can be used by your friend and not be wasted. Your friend can hold it and sell it when the price is high, but before that make sure your friend already has and understands basic knowledge about crypto and Bitcoin first.


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Smartvirus
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August 06, 2023, 04:55:31 PM
 #44

You are newbie and want to teach your friend. Are you knowledgeable enough to teach your friend?

I doubt any newbiew can teach about Bitcoin and when you are learning, you must be more careful with your words in conversation as if you make mistakes in knowledge, security advice, you don't help your friend but do something harmful.
I get the sentiment about forum ranks and what it entails when ever we see someone on the ranking pipeline. Also, the way in which OP have narrated his encounter with this friend following the reading of the while of his friends deceased dad.

It’s advocated that newbies in the sense of the word and not on the forum not teach what they don’t understand but, forum rank don’t really define how much users know but simply lays emphasis on how long ago a user might have joined the forum with respect to how much contributions that might have been done by this individual within there period of stay.

Still, it’s not rocket science to tell someone that, bitcoin has got some values. It’s just that simple and a good talk to begin a learning process.

R


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August 06, 2023, 04:59:44 PM
 #45

Well, your friend will for sure find it out later on when he does his own research. Your friend is for sure just shocked by it, which is why he reacts to it and expects other things, but again, no matter what his reaction is, he will still receive those Bitcoins no matter what, as no one else can get them but him. No matter how long it takes, your friend will be happy with it and realize that it has a huge value.
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August 06, 2023, 05:07:27 PM
 #46

Technological developments are quite advanced at this time, I think understanding bitcoin is quite easy and what your friend did by rejecting bitcoin inheritance was a fatal mistake. Lots of websites and articles provide education about Bitcoin so it's easy to find out the benefits and advantages of owning bitcoin assets.
Little mistake from parent before giving inheritance to their children need educate them about Bitcoin from basic step with deposit until withdrawing become cash money. But disappointed what your friend decision rejected inheritance Bitcoin from his father and if know how much bitcoin price right now and he miss great chance to earn much money trough inheritance.

R


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August 06, 2023, 05:26:34 PM
 #47

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.


Good thing that you have given him another perspectice but at the end of the day, the decision is for him to make whether he would collect what was left for him or not. He has his own reasons to do so. But indeed lack of knowledge into something is a factor why many people are still away from this technology. The only thing we could do is to wait for government sectors and big names of different industries to also acknowledge the existence of this technology. For sure we are still on a long way befote majority of people consider using this blockchain as an alternative to fiat but atleast we are seeing progress at this moment. As we embrace technological advancements  no doubts that things would be better for this industry.

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August 06, 2023, 07:23:15 PM
 #48

I can sense this is just a fabrication, sorry for that. But let’s say it really happened, then it’s a good thing that you’re the friend he ran into. But I’m just confused if he never heard bitcoin before, because it seems that he has no idea about bitcoin. Anyway, just tell him to keep his bitcoin. For now, it’s a good thing if he will study first about bitcoin before he decides on what to do about it. All the information are laid on the internet, he just need to do his intensive research.

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August 06, 2023, 07:59:01 PM
 #49

Another story that doesn't seem true, and it wouldn't be the first time that some people use their imagination to try to get some merit. To me, it would be logical for someone to protest because his father left him nothing or left him debts, and for someone to protest because Bitcoin was left to him really makes no sense.

If there is any doubt about what Bitcoin is, can't it be found out within a few minutes using the internet and a search engine? That imaginary friend is therefore a rather unintelligent person if he behaves in that way.

You're right, OP is lying. There's no way this story is true.
That guy lost a father and he made a scene at last will's reading, arguing with the lawyer? Who in their right mind does that? His father just died and the guy has no respect for him and his last will? The man is gone, he won't see him ever again and of all the things he throws a tantrum in front of the rest of the family. Being his brother, I'd kick his sorry ass out of the room.

I doubt the guy wasn't even interested in how many bitcoin he received and its value.
It's like if you get the news that you were given a piece of land in another country and you don't even ask how big and where, just try to reject it? That's just stupid.

Why would he reject the inheritance at all? Even if my father were to leave me a worthless thing, I'd take it out of respect. It's the same with something of value. What if it's just a thousand bucks? Would you rather throw it away?

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August 06, 2023, 08:21:35 PM
 #50

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?
It's an interesting story - but I wonder what the lawyer did after the heir didn't know the value of bitcoins?
Should the lawyer remain silent when the heir's first impression is that he rejects bitcoin - or should he also be angry and walk away without giving the heir an explanation about bitcoin?

And then I'd say this is a strange case - but I'm really getting more and more curious about how the story will play out. Of course - not everyone knows the basics of bitcoin and how valuable the asset is - but it's an obligation for heirs to get an explanation of what they'll be receiving be it property, money, stock or cryptocurrency.

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August 06, 2023, 08:46:13 PM
 #51

Tbh this sounds like one of those stories that are too good to be true!

So a grieving friend had all the time to hear what the lawyer was reading to the family and also catch the bitcoin part which was of no interest to him and later narrated all this to you? Btw, if he wasn't happy with his inheritance,  don't you think he wouldn't even remember the name as it had little significance to him Huh

Anyway, it's only you who knows this is factual and if it is, you did well to open his eyes to the new emerging technology of money and hope your buddy did more research on cryptocurrencies using the internet  Wink

R


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August 06, 2023, 08:50:32 PM
 #52

When your friend ignore of bitcoin it’s his own opinion,So you need to force him for the action.When the bitcoin Price back to 60k dollars,he will automatically inverse in the bitcoin.But the price of bitcoin will above 60k dollars,So he will force to inverse at all time high.This is not the recommended one by the experienced traders.So if he fail to buy bitcoin at the cheap price,Surely he will feel for the same in future.Some people lose the golden opportunity and keep say bad about his past opportunities.
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August 06, 2023, 09:02:37 PM
 #53

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.


Wouldn't really advise you giving half-baked information about bitcoin to a friend but seeing as the situation calls for it given the fact that he's not happy he's getting some of it as his inheritance, I'll let it slide this time. Good of you to let him know about bitcoin too but I suggest you dig deep into it as well so you don't spread information that they'll hold you for, especially since these times are a little tough for investments and people are losing their money left and right. You wouldn't want a friend blaming you about losing their money cause you told them to do this and that. Encourage him to study crypto too as when done right it could really set you up for financial success, something that a house and a business couldn't necessarily give since those don't instill financial literacy as much as cryptocurrencies do in my opinion.

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August 06, 2023, 09:12:24 PM
 #54

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.


That's why it's quoted that knowledge is actually power and without proper knowledge you stand a chance to lose all benefits that might come your way in respect to that knowledge. If only your knew or had the knowledge of what his father actually gave he would have been  greatful and not stumping out of the house thinking his father actually did him wrong.

R


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August 06, 2023, 09:14:26 PM
 #55

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.



This is a funny reaction of a guy receiving Bitcoins.  If the story is true, the person who received the inheritance is a noob unless the current worth of the BTC given to him as an inheritance does not even have a quarter of the value of their property.  But if the amount of BTC surpasses half of the value of the property then we might be reading a different story.

I do not think that the person will act rushly without investigating what Bitcoin is.  I bet the guy did look for the information about BTC and got furious because the current value of BTC is way lower than what he is expecting.  So I am finding the story a bit confusing and at the same time missing something or someone deliberately omit something between what really happened just to make it fit on the story.

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August 06, 2023, 09:21:08 PM
 #56

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.


Hahah this is really funny. If this would have been about technicality of bitcoin I still would have given a complete benefit of doubt to him but what is he living under the rocks? Everyone Atleast knows that bitcoin is a valuable asset which has a significant value almost equal to house or hard cash. Strange how such people still exist in 21st century. He might even be getting much larger chunk of inheritance if it was in bitcoin and in most of the countries today it's even tax free.
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August 06, 2023, 09:44:17 PM
 #57

I just wondering what your exact reaction during the time he telling you the story. If the person was not you, there's a high chance thay they will take this an opportunity. It's so important to think twice before making a decision, sometimes our emotions are the one who decide and we didn't notice it. I understood how important the knowledge of Bitcoin, base on the Op 'he tried to reject'. I learned that to better make a wise decision in life, we should have a good knowledge in it. I'm also glad that you're being his good friend.

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August 06, 2023, 09:44:41 PM
 #58

Many people lack basic knowledge of bitcoins.
 I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?

But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.

First time to heard this kind of story, I mean I just wondering why the son didn't know that his father was into bitcoin or crypto? are they not close? So it's very uncanny to me that the son was at lost regarding the inheritance, unless they are strange or not that close.

But I guess he can't do anything about the bitcoins that he got, not sure how big it is, and we don't know what advise you give your friend. Whether to hold on if for a long term or at least wait for the next bull run or sell it right away.
Probably his father was a silent bitcoiner, that even his own family is not aware that he’s been owning bitcoin for a long time. However, just advise your friend to gain research on bitcoin so he will know it’s real value and he’ll be aware on how to make it grow if ever he’s thinking to keep it. Otherwise, if he’ll sell it immediately, he might gain instant money but he will also lost the opportunity to be a future millionaire because of bitcoin.

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August 06, 2023, 09:56:41 PM
 #59

LOL! How embarrassing, before even googling "how to sell bitcoin" he kicked up a storm like a child, and had to be told by his friend about how Bitcoin works in order to calm down. Tall about entitlement ... Some people are left with nothing, some even worse are left with debt after family passing. This guy is complaining about BTC left behind by his father ... So sad.

OP you did fine to teach him how BTC worked, you're a good friend. If it were me I would've seen how long the tantrum lasted until he realized how ridiculous he was being. I do wonder how long it would have went on before, before he had done the very little amount of searching needed to be happy with the inheritance and thankful to his father.
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August 06, 2023, 09:58:48 PM
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LOL! How embarrassing, before even googling "how to sell bitcoin" he kicked up a storm like a child, and had to be told by his friend about how Bitcoin works in order to calm down. Tall about entitlement ... Some people are left with nothing, some even worse are left with debt after family passing. This guy is complaining about BTC left behind by his father ... So sad.

OP you did fine to teach him how BTC worked, you're a good friend. If it were me I would've seen how long the tantrum lasted until he realized how ridiculous he was being. I do wonder how long it would have went on before, before he had done the very little amount of searching needed to be happy with the inheritance and thankful to his father.

A simple search would exactly tell him what to do with his inheritance, but his temper overpowered him.
That's not a surprise at all as many people will jump to any hype without bothering about asking what it is all about.
Later on, this person will thank his father for giving him some bitcoins as his inheritance.
This goes to show also that people are impatient with new things, they forgot to see what's really in it for them, because it is shrouded by high temper.
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