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Author Topic: A advise to my friend about his decision  (Read 725 times)
Rabata
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August 07, 2023, 12:37:19 PM
 #81

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.
When we don't know about something we can't value it. Your friend who did such a thing may have been very angry without realizing it, but when he realized how valuable bitcoins are, he let  his anger and became even more grateful to that father in the future. If the friend's father had given him some idea in advance, this situation might not have arisen. Because of that friend's ignorance, he could have lost that bitcoin. Above all we all should acquire some technological knowledge so that later we get basic idea about any good technological thing.

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August 07, 2023, 01:28:28 PM
 #82

What a lucky friend you have right there and a good father as well based on your story. He just needs to appreciate what his father left him since that was not a bad thing to have because all he needs to do is to search for his father's will and it could be leading him to some appreciation of bitcoins as well because he will gonna research it well and learn more about it in the process he will gonna become one of the fans of bitcoins because of his father.

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August 08, 2023, 05:50:20 PM
 #83

according to my experience if parents are doing some business then their children are already familiar with that opportunity. Your friend's father done one mistakes that without giving him knowledge he directly place bitcoin in front of him so without knowledge it's obvious that he will not accept it easily.

Bitcoin is gaining attention of people now but who knows that what will be its value in coming years so this point should be keep in mind before giving bitcoin to child. I think giving property or houses will be a beneficial options if someone wants a luxurious coming years for his offspring's.









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August 08, 2023, 06:36:11 PM
 #84

In this digital age, why doesn't your friend simply resort to a Google search using the keywords "What is Bitcoin?" This would essentially provide them with a comprehensive overview of the profound value held by this cryptocurrency. The legacy passed down from parents is undoubtedly a sacred matter, yet it seems implausible for a child ready to inherit such legacy to remain unfamiliar with the vast expanse of the internet.

However, if your narrative holds true, I sincerely hope you serve as a beacon of guidance for your friend, steering them towards the correct path in managing the Bitcoin inheritance bestowed upon them by their father.
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August 08, 2023, 07:22:41 PM
 #85

Like the saying goes " when the purpose of a thing is not known, abuse is inevitable".
Your friend lack knowledge about Bitcoin, and now he is furious that his father left him with BTC as his inheritance.
Well, if care is not taken, I am sure with the little knowledge he may have gotten from you, he may end up selling it off, because he really do not know the value of what he has been bequeathed.

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August 08, 2023, 07:25:20 PM
 #86

You are talking about a rather interesting situation. There could be many reasons why the son was unaware of his father's crypto interest. Maybe it's because they're not very close, or maybe the father doesn't share this information with his son. In some cases, people may not be too familiar with the concept of cryptocurrency so they don't talk much about it.

While cryptocurrencies have great potential, managing it is not easy. The dramatic volatility of prices and the complexity of the market can make it difficult to decide what to do with legacy bitcoins. The son may be faced with the decision to hold long to capitalize on potential growth, or sell in the future when prices are better.

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August 08, 2023, 09:11:06 PM
 #87

Nice work there @OP on calming down your friend.  There are always people who are hot-headed and gut infuriated when they received the one they are not expecting.  In this case @OP's friend receive Bitcoin and since that is not in the option of the thing he thinks he will receive and with lacking knowledge, the guy throws a tantrum, lol.  Due to being furious the guy lost the essense of reasoning and think that receiving Bitcoin(due to lack of understanding of what Bitcoin is) means he get nothing.


True. It’s a good thing too somehow that his friend is not aware about the value of bitcoin because if he knew it from the start, he must have sell it after he received it knowing all he want is money or a big property. But thanks to you OP as you were there to enlighten him and instead encourage him to educate about bitcoin. At least for now, hodling the bitcoin at a non-custodial wallet would be the best option.

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August 08, 2023, 09:22:27 PM
 #88

Many people lack basic knowledge of bitcoins.
 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 just the way it is, when we don't understand something, then it becomes something that seems useless to us. Even more so regarding Bitcoin, where many people are still unfamiliar with this. Or if they know, they think that Bitcoin is nonsense, because it is intangible and only a digital product. Luckily your friend has you who wants to tell and teach him to understand better about Bitcoin. Even though it might not be an easy step, at least you help him to know about Bitcoin, its various benefits and also don't forget to mention some of the possible risks that may occur.

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.
There's nothing wrong with a newbie on a forum teaching others about Bitcoin. No one really knows if he is really still a newbie or has been in the crypto world for a long time but has just registered and has become a newbie rank here. but it is true with your next sentence that caution is needed in conveying information related to Bitcoin. Don't miss information or perceptions that cause his friends to misunderstand.

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August 08, 2023, 09:57:46 PM
 #89

I’m just quite confused if he has never actually heard about bitcoin in all his life when the world is actually hunger about it. However, it’s nice that he has you as your friend that knows actually the value of bitcoin. For now, help him to learn about bitcoin by informing him about the basics on how to keep his bitcoin storage safe.

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August 08, 2023, 10:04:59 PM
 #90


Being ignorant is not a good thing because it makes many people lose great opportunities that will definitely change their lives, like what the OP's friend was trying to do. Assuming that the OP was not there to guide his friends, his friend may have lost the opportunity. I am seriously surprised that there are still some people who are educated but don't really know about Bitcoin, especially in  this world of advancement of technology. Seriously, a lot of people are lack behind with the advancement of technology.

Seriously, your friend's father has done a great thing by keeping some valuable amounts of Bitcoin for his son to inherit, but his father made a mistake by not encouraging his son to know about Bitcoin when he knew he wanted his son to inherit Bitcoin after he passed away. His father should have encouraged your friend to have some basic knowledge about Bitcoin, despite the fact that he doesn't want him to know about what he wants him to inherit, because if not for his father's good layer and Op's also a good friend, it would be a scam because he knows nothing about Bitcoin or lost the access to it.

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August 08, 2023, 11:04:36 PM
 #91

I’m just quite confused if he has never actually heard about bitcoin in all his life when the world is actually hunger about it.
It’s possible because I know some people that haven’t heard about bitcoin before, in my country if you visit some rural areas, their are lots of people their that know nothing about bitcoin, and if you really want to introduce some of them to bitcoin, they will think you are planning to scam them or something like that, and some of them that have heard about bitcoin before don’t still know what bitcoin is all about, they believe bitcoin is being used to scam, so if you want to tell them about bitcoin, they will tag you as a scammer, so most of them don’t really want to invest in bitcoin.

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August 08, 2023, 11:17:19 PM
 #92


Being ignorant is not a good thing because it makes many people lose great opportunities that will definitely change their lives, like what the OP's friend was trying to do. Assuming that the OP was not there to guide his friends, his friend may have lost the opportunity. I am seriously surprised that there are still some people who are educated but don't really know about Bitcoin, especially in  this world of advancement of technology. Seriously, a lot of people are lack behind with the advancement of technology.

Seriously, your friend's father has done a great thing by keeping some valuable amounts of Bitcoin for his son to inherit, but his father made a mistake by not encouraging his son to know about Bitcoin when he knew he wanted his son to inherit Bitcoin after he passed away. His father should have encouraged your friend to have some basic knowledge about Bitcoin, despite the fact that he doesn't want him to know about what he wants him to inherit, because if not for his father's good layer and Op's also a good friend, it would be a scam because he knows nothing about Bitcoin or lost the access to it.
We know that not all people would really be having knowledge into particular things on which it would really be just that normal that your friend would be able to miss out on what Bitcoin or crypto is.
Good thing the he has a friend like you on which who do really knows about  Bitcoin and able to tell him about on what it is and does really have that value which he could really make use of on buying up something that he do wants but of course it would really be depending on the amount on his father was able to give out because if its really just that small then its something that you can buy on the things you do like or want. Not all people of the world would really be that knowledgeable or been wary about on Bitcoins existence and this is why you  would really be seeing something similar like this.
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August 08, 2023, 11:23:00 PM
 #93

People who are not literate with the bitcoin does not want to have it but sooner or later once they know already the use of the bitcoin for sure they will grab the opportunity to have this.
We cannot deny their ignorance because not all the people related into investment and cryptocurrency so why would they take a risk to have Bitcoin who doesn't know how to use than the land and other tangible assets they can use for investment or sell the property easily.
The bitcoin gives a bad image to other people due to movies and another factor so they are afraid to use this too.

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August 10, 2023, 10:42:20 AM
 #94

It's best not to focus on accounts that are beginners, they may have known Bitcoin for a long time and little by little have an overview of Bitcoin. So focus on the context the OP is talking about, or if you feel senior give more appropriate advice. There is no need to doubt one's intellect because here anyone is allowed to speak.

The important point is that OP was able to save the inherited bitcoin from being neglected, access to the wallet must have been prepared by his late father. When his friend still can't accept it because of a lack of information, but after being given an explanation and how important the value of Bitcoin is, everything can be resolved.

Have you ever heard of a save box in a bank that can be an alternative for someone who wants to save recovery seeds and the one who can receive the box is the heir. A lawyer is already professional so his father appointed a lawyer in this case, to hand over the legacy he left behind.
That's true, I can say that there are also a lot of people with multiple accounts unfortunately, some of them do get caught, not sure if it's allowed or not but shouldn't be allowed if you ask me. In the end we are talking about a situation where it's not that profitable and the result should not be that simple. I think it's clear that we are going to end up with something that will benefit people in the end.

I am not entirely guaranteed on anything that would make sense, but that doesn't mean that it doesn't show any result one way or another, we should be considering the option to be a little different here. Newbies could also tell people some stuff, like where to buy, and how to buy, as in technical parts.

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August 10, 2023, 12:25:32 PM
 #95

People who are not literate with the bitcoin does not want to have it but sooner or later once they know already the use of the bitcoin for sure they will grab the opportunity to have this.
We cannot deny their ignorance because not all the people related into investment and cryptocurrency so why would they take a risk to have Bitcoin who doesn't know how to use than the land and other tangible assets they can use for investment or sell the property easily.
The bitcoin gives a bad image to other people due to movies and another factor so they are afraid to use this too.

Many people doubt the OP's story but I believe it to be true since many people around me also know nothing about bitcoin. Although nowadays we can easily come across the bitcoin logo or anything related to it with the development of the internet. But if they really don't care, then no matter how many times they see it, they won't know anything about it. I believe the OP's friend case is solved, because as you said, as long as he knew the use and value of bitcoin, he would pounce lustfully.

But by the way, I think bitcoin education is very necessary because there are still a lot of people who don't know about bitcoin.

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August 10, 2023, 06:56:09 PM
 #96

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.
Your friend's mentality is totally wrong. Even if he got the money to start a business, like he said, I'm pretty sure he would have failed because he's not someone who is willing to learn and understand new things. If he wanted to reject the bitcoins without even knowing what they were how could he manage a business when you need to learn new things everyday?

For sure the father should have talked to him time ago about bitcoin, what it is, why it's important, etc etc, but that kind of reaction, coming from an adult, is just ridiculous.

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August 10, 2023, 07:41:32 PM
 #97

But if both are young generation and frequent social media users, it is hard to believe that they have never heard of bitcoin.

Spending a long period of time on the internet doesn't mean someone should hear about bitcoin. What you don't know, you don't know. Take it or leave it. And hearing about Bitcon is different from having knowledge of Bitcoin. Just because someone knows that Bitcoin is an asset doesn't mean they believe in it or accept it. It is very simple and well known that many people are on social media, and yet these people are yet to know anything about bitcoin, even if they are young ones, because if you are not ready to know something, even if you come across it, you will just pass it by because that person does not take it seriously that he or she needs to know.

Newbies could also tell people some stuff, like where to buy, and how to buy, as in technical parts.

Exactly. Someone can be a newbie on the forum while they came with their knowledge about bitcoin that they acquired out of the forum. The fact that the forum rank does not determine how knowledgeable you are as far as you come here, even if it is with your knowledge, means that you must pass through many ranks before going to a higher rank.

R


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August 10, 2023, 07:50:31 PM
 #98

lol, you're friend sounds kinda dumb and immature if I'm being honest. No offense, but just saying.  I've had a lot of friends who are ignorant to how bitcoins work and have educated them, often times doing things like teaching them how to load a hardware wallet and things of that nature, but I've never ran in to an inheritance situations like this.

There are actually books written around this subject, your friend should check them out.

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August 10, 2023, 08:48:04 PM
 #99

Many people lack basic knowledge of bitcoins.
At that point, he was happy and walked back.

I would have asked what next but I believe  the rest is history and I'm  curious to know of no one in the family except the father was the only one who knew about bitcoin  and how will his father know about bitcoin  upto  even having it and willing it to his son without letting the son know about bitcoin  by teaching him because I believe your friend is already mature enough but as I said, the rest is history.

Now I'm  glad that you were able to safe a nigga and I've learnt a lesson that I shouldn't reject things in a haste but rather do some research about it before making decisions about it.

R


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August 10, 2023, 08:49:41 PM
 #100

How many years earlier this instance took place? As you are saying I am surprised that anyone would be furious about inheriting some bitcoins as most of us have heard about it whether in positive or negative way.When you talk to him even if you have showed him prices at current he would have thanked his father for the same but still if he gets in touch with it and learn more about it he will come to know it's the true money over which he can have control.

That's the point where I suspect the author's story is fictitious. If his friend is an older person, I wouldn't be surprised they've never heard of bitcoin because they wouldn't care. But if both are young generation and frequent social media users, it is hard to believe that they have never heard of bitcoin. My friends don't have too many people invested in bitcoin, but when asked about bitcoin they all know it's an investment or an asset...So I really don't believe the op's story is true.

Same here, I wonder how does that lawyer never explains to the son what Bitcoin is.  I doubt the lawyer does not know Bitcoin since his client had put it on the testament.  I am sure the father thinks that there will be confusion if his son do not know about BTC and it is the duty of the lawyer to explain about the detail of the will and testament.
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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

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But if both are young generation and frequent social media users, it is hard to believe that they have never heard of bitcoin

I think this depends on the interest of the person since there are lots of category to get interested with like when a person is hooked on manhwa, I am sure that Manhwa and Bitcoin is too far related from each other so there is a chance that the manhwa lover won't get any information about Bitcoin nor popup on his feed about cryptocurrency.


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