Succeeded in introducing Bitcoin to a friend

[Cryptoprincess101]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

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[libert19]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't think so.

[tbct_mt2]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

Many information in this paragraph that is unnecessary.

i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.

Dollar Cost Averaging is a good strategy for investment and it can be seen with the tool
https://dcabtc.com/

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Is it your issue and real question?

Because as I read in your story, you already shown him your wallet, its balance.

i also showed him the amount of bitcoins i have stored in my wallet so far

I don't need to read all this story to know you fake it with your imagination. This quoted part in the story shows you lie about this fiction that does not exists in your real life.
It is not safely to do this because you put yourself at risk. I wish you best if you actually did this risky action but please don't repeat it in future if you don't want to be a victim like those victims.

Known Physical Bitcoin Attacks
Physical Bitcoin and Cryptocurrency Attacks that Have Been Reported Worldwide

[Fundamentals Of]

It's definitely not safe to just show your wallet to anybody. But this is your friend. Although I don't recommend that you trust your friend even with how much Bitcoin you own, I assume that what he bought is way larger than what you have. Your friend is probably in a much better life situation than you. You said you are only paid $60 for about two years. That's terrible. On the other hand, your friend has even travelled to another country to further his studies.

If your story is true, did you friend buy $520 worth of Bitcoin just like that? He didn't inquire more about what this Bitcoin is or how does it work?

[Yamane_Keto]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Bitcoin is cash. If your friends know how much money you collect, your source of income, and where you keep the money, they will know how much Bitcoin you keep, but it is better not to do that because if it is stolen, it may occur to you that your friends are the ones who did it.
A beautiful story, but I do not advise anyone to make a decision to invest in something because my friend told me about the subject in a session that did not exceed an hour. It is better to research in depth before thinking about investing.

[LogitechMouse]

~
he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.

I will call it a "1BTC syndrome" where people especially newbies want to get or acquire a whole Bitcoin where they can just hold a portion of it.
I mean if they can buy a single Bitcoin then they can just do it I guess. It's good though that you shared the DCA strategy because it's the safest strategy for newbies like your friend.

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

No.

It isn't wise, and it isn't safe. I know it's your friend and you might trust him, but from my perspective, it's never safe to show your holdings to other people even with close family members. Well we don't know how close you are with your friend, and you might trust him more than anybody else around you thus, you showed it to him. Nevertheless, you did it already. I guess just take care of yourself, and your holdings as well because you don't know what can happen.

[uneng]

I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc

Congratulations! It's a very decent sum of money to start investing in BTC! Besides teaching him how to purchase BTC, I hope you have also advised him on how to store his coins safely from hackers and scammers.

so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.

Well, who doesn't want to possess a whole BTC? That would be great. If he does DCA every month, purchasing the same amount he firstly acquired (0.012194BTC), it's going to take him 82 months or almost 7 years... And that is supposing Bitcoin price is going to remain relatively stable on the currently price range, what is really unlikely. So we can conclude the longer he takes to invest larger sums of money in BTC, more unlikely it is he will have 1 BTC on his wallet. DCA is a great strategy, but if he is able to invest more money right now at once, it's better.

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Considering he isn't a close friend of yours, as you had been out of touch since the university, I don't think it was a good idea. To show how much money you have invested in cryptocurrency is a very private thing, which should be shared only with close people you totally trust in. I understand your intention was the best as possible, because you wished to introduce him to Bitcoin showing how engaged you were with the digital currency, but be more careful next time!

[btc78]

i also showed him the amount of bitcoins i have stored in my wallet so far

uh-oh. that was your mistake it’s ok to introduce bitcoin to your friends or family but one thing you should never do is to physically or literally show them the amount of bitcoin you hold even if they are you long-time friend, who knows what greed can get you to do right?

i guess it’s a good sign that he bought bitcoin himself but he might feel impatient doing the dca method and do something to your bitcoin but of course that’s just thinking of the worst scenario that could happen

another possibility is if he sees he’s losing money and still not fully understanding the fluctuations of bitcoin, he might be angry at you and blame you for whatever financial situation he ends up in

[Davidvictorson]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

If you do this, you will lose your friend and your bitcoins.

Your friend is going to have a plan with some bad guys to attack you on the streets or break into your apartment at night, tie you up, gag you, torture you for three hours, threaten to kill you your family including your dog or cat, eat your food and then force you to send your bitcoin to a address. When you do, they'll disappear for ever. You'll lose so bad that you would never want to talk to anyone about bitcoin.

If you think that your innocent looking friend cannot perpetrate these things, read this  - Physical Bitcoin and Cryptocurrency Attacks that Have Been Reported Worldwide

[Zlantann]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

It is not a bad decision to introduce people to Bitcoin because you are indirectly promoting Bitcoin adoption. But you have to give them the right information and also teach them how to keep their Bitcoin safe. Although this condition is relative to my location, I don't like telling people that I own Bitcoin because it could attract criminals such as armed robbers, kidnappers and fraudsters. Most people in my area don't know that Bitcoin can be bought in bits so they assume that you own one Bitcoin and above if they know that you own the coin. This has made me keep my hodling secrets and only discuss Bitcoin with fellow Bitcoiner.

Now to your question,  I don't think you had to show him how much you have accumulated or how much profit you have made to attract him to the sector. This might make him see Bitcoin as a get-rich-quick scheme which is a wrong perception. He should be able to understand the Bitcoin space before investing to avoid regrets.

[Samlucky O]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Thought it is wright indecence that some of people need proof before they can start investment. and it is also wrong indecence that the potfolio you show them poses a greater risk of enviness and hatred which might lead to kidnap or sending assassin's. It is often said no matter how we try to be nice to people we should try to avoid our privacy from them because the heart of men is naturally wicked.

[Hewlet]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

it would have been a bad idea if he had not bought some bitcoin at the end of the day but since he his able to accumulate that huge amount of bitcoin which you are aware of, I guess it's not a big deal.

It's normal that when we meet our friends after not seeing for a long time to kind of show them that we have something going on in our lives and I guess that's what prompted you to tell him about the work you're doing as well as the fact that you are a member of the forum, but  I fell its not all that good to tell someone about your holding A irrespective of if the person is your old time friend or not, their are some that will see you as a competition if they are unable to accumulate theirs after you've showed them your holdings.

[peter0425]

Seriously , even taking a bath are part of this story what a great creation 

anyway coming back to your topic, then why need to show all your bitcoin to this sentiment? you have known each other from college but you are not together for how long now and how can be so sure that you can trust him?

I'm afraid you did a big mistake of your life by doing that.

But Nice story though 

[mk4]

Think about it — what do you actually get for flaunting your bitcoin holdings or literally any wealth in general? You just get your ego stroked for a few minutes and then what? It's all downside from there — suddenly people will be asking you for loans, asking you to treat them out, or god forbid some malicious person would somehow learn about it and hit you with a $5 wrench.

https://chainsec.io/wrench-attack

[Natsuu]

I think OP just got carried away on his conversation with the friend. Maybe with a bit if a show off haha why would you show someone how much bitcoin you have, considering that is a friend you havent seen in a while.

To be honest, i wont talk about money to someone i havent met for a long time. Not everyone's comfy talking about money, and it could create weird vibes or even stir up unexpected expectations. Plus, you never know who's listening, right? Keep it lowkey and chat about crypto without turning it into a wallet show and tell. It's safer and you won't accidentally make things awkward.

[Assface16678]

I think OP just got carried away on his conversation with the friend. Maybe with a bit if a show off haha why would you show someone how much bitcoin you have, considering that is a friend you havent seen in a while.

To be honest, i wont talk about money to someone i havent met for a long time. Not everyone's comfy talking about money, and it could create weird vibes or even stir up unexpected expectations. Plus, you never know who's listening, right? Keep it lowkey and chat about crypto without turning it into a wallet show and tell. It's safer and you won't accidentally make things awkward.

You do have a point. Maybe the OP became too excited or got into a deep conversation with his friend. Based on his story, maybe that's the case, but the thing is, I don't know. I don't want to judge the OP. Maybe it's a little bit too much to show your friend all your assets because, although it's your friend, he may have an interest in your wealth or assets, or out of envy, he will sabotage you. But yeah, I'm here not to judge, but to give my opinion. Next time, don't just show off your assets. Yes, you could mention that to them, but don't literally show how much you have or the exact amount because it's still much better if you are on lowkey.

Anyway, its your own life. I'm sure many here have also had violent reactions to your bragging or being a show-off. It's not a bad idea to know that you are doing crypto currency or bitcoin stuff, but literally showing your assets is what's bad.

[lovesmayfamilis]

Have you told your friend that Bitcoin won't always go up? While waiting for growth, your friend should understand that the money he invests should not be his last penny. And also the importance of storing the seed phrase so as not to lose everything one day.
I saw your post where you are disappointed to report that your amount began to decrease after buying Bitcoin at a not-so-low price. Therefore, encouraging your friend to invest puts some responsibility on you if he is unprepared for volatility.
And before you show your Bitcoin amount, you might want to think about your security. Your friend has been away for a long time, and you don’t know what has changed with him over time.

[2Pizza410000BTC]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Getting your friend interested in Bitcoin investing is only wise when your friend is successful in investing and appreciates you. Your friend has heard about Bitcoin from you and seeing the Bitcoin deposited in your Bitcoin wallet has made him want to know more about Bitcoin and Bitcoin investing. It is normal because if my friend sees my position then my friend will have the same attitude. Tell your friend about Bitcoin and better about Bitcoin investment. Knowing your friend is a bitcoin investor should teach you to avoid the pitfalls of bitcoin investing. Because investing is not easy, retaining investment is the biggest challenge.

[vitya1982]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

It's not really wise, but if you fully trust this person - that's fine. I just hope that he understands all the risks.

[Bd officer]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Teaching someone about Bitcoin is not a bad thing. OP, you taught your friend about Bitcoin and did a good job getting your friend interested in investing which is commendable. OP, did you explain Bitcoin to your friend correctly? Did you properly explain the risks of Bitcoin to your friend? If you can give your friend an idea about Bitcoin in all aspects, then surely you have done a good job. Your friend should be told in such a way that he does not hold you responsible if the investment suffers in the future. If your friend can invest in DCA method from now and hold for a long time then he will get a lot of profit.

OP, as everyone told you, I'd also say you shouldn't have shown your bitcoin holdings to your friend. In today's age, you can't even trust your own brother, friends are far away. But not all friends are bad, there are some friends who will give their life for their friend but will not let anything happen to their friend. Don't know what your friend is like? However, you should be careful and take care of your holdings. You ask your friend to hold bitcoins in a good wallet.

[KiaKia]

Don't reveal the amount of the bitcoin you have to anybody, I have done the same mistake in the past and today many people hate me for it, they believe that I still have a lot of Bitcoin and I am a millionaire, already, not in the making.

You will just end up exposing yourself, and can you even trust your friend? When it comes to success and money do not trust any human being, tell them about Bitcoin but never expose your worth to anyone, you can become a target of anyone.

You don't have to confuse anyone that they must invest in Bitcoin, those who will still walk away will do it, till this day some people still don't have any interest in Bitcoin, it's not their fault, they are been scammed many times online and they believe all are scam.

[Manny@11111]

Not safe and prudent to show your wallet to anyone.

[Essential10]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't know exactly how much you can tell your friend about Bitcoin at first sight. One thing to always remember, you should be more careful about sharing personal financial information including details about Bitcoin holdings with your friends or anyone else. I expected more information in your post, but I hope your friend in the Bitcoin campaign has been informed about using secure wallet services, understanding the importance of private keys, and being aware of potential scams and phishing attempts. In the end, the most important thing is that your efforts were successful, you managed to get your friend to invest in Bitcoin, that's good.

[Cryptoprincess101]

Have you told your friend that Bitcoin won't always go up? While waiting for growth, your friend should understand that the money he invests should not be his last penny. And also the importance of storing the seed phrase so as not to lose everything one day.
I saw your post where you are disappointed to report that your amount began to decrease after buying Bitcoin at a not-so-low price. Therefore, encouraging your friend to invest puts some responsibility on you if he is unprepared for volatility.
And before you show your Bitcoin amount, you might want to think about your security. Your friend has been away for a long time, and you don’t know what has changed with him over time.

Yeah I told him about the fluctuations in the price but that it's not really gonna affect the Bitcoin he has hodl just as you guys explained to me on the topic I created in beginners and help session, I also told him on the importance of keeping his seed phrases safe as if he loses his seed phrases that the Bitcoins he had hodl cannot be recovered. Me being too fast to blow everything to him was just out of over excitement though.

I don't need to read all this story to know you fake it with your imagination. This quoted part in the story shows you lie about this fiction that does not exists in your real life.

Well if think it's an imagination and all lies  then it's fine.

If your story is true, did you friend buy $520 worth of Bitcoin just like that? He didn't inquire more about what this Bitcoin is or how does it work?

After I showed him the amount of Bitcoins I have bought then he just developed interest and since he knew that am not easily convinced on anything concerning the Internet but I told interest in buying and hodling Bitcoin that it's really something that's genuine.

[decodx]

---
After I showed him the amount of Bitcoins I have bought then he just developed interest and since he knew that am not easily convinced on anything concerning the Internet but I told interest in buying and hodling Bitcoin that it's really something that's genuine.

I think it's great you've been telling your friends about Bitcoin.  Sharing knowledge is so important.  But with investing stuff, you gotta be careful not to overwhelm newbies. 

Still, seems like you covered the basics solidly for your buddy.  the basics matter most and  like you said about seed phrase - that's key for protecting coins.  But, this stuff changes fast though, so we all gotta keep learning.  But good on you for helping get him started.  Just try not to info overload the guy you know? Start slow and build up.

[Z_MBFM]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Friends are great and friends are great losers so definitely don't show your personal investment amount to anyone. You can tell anyone about Bitcoin whether they are interested in Bitcoin or not, it's their personal matter to show them your personal investment amount to get them interested.  Bitcoin is a potential currency that anyone who avoids will regret in the future. so there is no need to force anyone to join Bitcoin. You continue to invest in Bitcoins while maintaining your privacy. and definitely follow the DCA method

[Silberman]

...

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Never show your balance to others, do you show the balance on your bank account that freely to your friends? If not then why do you treat bitcoin differently? Another problem is that your friend got interested in this market purely for financial gain, and someone like that will most likely not have the ability to hold their coins when the market goes down in value, and finally it does not seem as if you talked to your friend about all the dangers that exist on this market, and if they lose their money they will surely blame you.

[usekevin]

Never show your balance to others, do you show the balance on your bank account that freely to your friends? If not then why do you treat bitcoin differently? Another problem is that your friend got interested in this market purely for financial gain, and someone like that will most likely not have the ability to hold their coins when the market goes down in value, and finally it does not seem as if you talked to your friend about all the dangers that exist on this market, and if they lose their money they will surely blame you.

Showing the wallet balance is not the better option in the trading,because to show them you are superior to them.You may wish to prove your superiority,but if your friend get more details about your wallet.Then he can’t stole the bitcoin in your wallet,even you can’t find whom had made this mistake.So keep up your own privacy when you think about your wallet.If your friend had followed your words and invested their money means,the loss will make them to feel uncomfortable in the crypto currency trade.

Friends are great and friends are great losers so definitely don't show your personal investment amount to anyone. You can tell anyone about Bitcoin whether they are interested in Bitcoin or not, it's their personal matter to show them your personal investment amount to get them interested.  Bitcoin is a potential currency that anyone who avoids will regret in the future. so there is no need to force anyone to join Bitcoin. You continue to invest in Bitcoins while maintaining your privacy. and definitely follow the DCA method

Not all the friends are mature to handle the crypto trade results,if the trade was leads to loss.Many of the friends will blame you because of your information for the trade.But if you skip to help him,he will say bad about you in the back side.Like you not help him to buy the crypto currency.

[mirakal]

If you know and understand bitcoin well, you will never disclose whatever amount of bitcoin you have because that's still considered a digital cash, your kind of asset that you need to keep it privately away from the awareness of other people even your closest friend or relative. Because once you do that, the safety of your bitcoin will now be at risk, thus putting your wallet as well from the danger of future hacks or scams.

I understand that you come to overshared what you have, and it's definitely not the right thing to do when you are in an investment. There's no issues with educating your friend about bitcoin and bitcointalk forum, but never risk your own privacy just to successfully convince your friend to invest in bitcoin. In bitcoin, there's no one you can trust but only yourself so learn not to be easily trusting even to your closest friends.

[seoincorporation]

Not safe and prudent to show your wallet to anyone.

If he is a good friend that we can trust, then the risk of showing our wallet to him should be null. And It would be a good way to motivate his friend to start using it.

The problem is see here is the bad timing for doing it, introduce bitcoin to your friend when Bitcoin is at a high price isn't cool at all because they will think they are late for that party, Just like the people who bought bitcoin at $60k some years ago. For them, it was a terrible experience.

[EluguHcman]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Whether this was a cooked or sugarcoated stories, you didn't even give it sometimes and you just start talking about your Bitcoin journey and how you convinced him just so sudden to Invest in Bitcoin and which he gave you the benefits of doubt 🧐.

Since you succeeded to convince him with the expecting bull-run in the nearest where the appreciations of Bitcoin trading and investment lies, hope you also talked to him about the depressions where can be saddened and when the market value goes biased?

Did you made request to know if he was going to trade and Invest in a short term or a long-term goal?
Did you also asked him to invest with a tolerable capital which he can afford to lose? If yes, why didn't you consider his next move to purchasing more bitcoins if he could afford to tolerate with such amount as a more advantages to an appreciatable of more incomes in the said expecting bull-run since the marketing system demands that the more is invest in the more is profits gain during the in profiting eras (bull runs).
What is the probability of his basic knowledges about the industries before he came in?

Sounds like you are acting as a guarantor for him Incase expectations goes contrarily because you made him believed you and not considering the potentials of Bitcoin.
However,it should be assumed that you are already business partners because the deal is done already that you have said it all and has also brought him onboard to where you are. So basically, no more secrecies rather than sharing updates and Ideals on your quests to Bitcoin.

[addmeisme]

Good job my friend.

The more bitcoin players , the safer the bitcoin system.

Do it whenever you have time , it worth.

[Obim34]

You just talked about your experience with your friend and there is no option left than to believe all what you said.
You made a good decision first introducing him to Bitcoin, I know it must be very difficult trying to convince him into investing his money into Bitcoin that was the reason you had to show him your portfolio so as to be able to convince him. Great! Since he also invested into Bitcoin and you showing him your balance did not go for a waste.

It will be very difficult to judge about you showing your portfolio to your freind as we don't know how close and trustworthy that your freind can be. Some freinds come with a face of an Angel but the heart and minds is something else. Just for learning and further purpose you do not need showing him your portfolio first before convincing him, investing in Bitcoin is not by force and not everyone will partake in it

[Blitzboy]

Though understandable, privacy must be considered. Though, caution is crucial. However, your Bitcoin passion is admirable. Your support of Bitcoin and knowledge helped your friend's financial education. Your Bitcoin introduction was thoughtful. Explaining the DCA approach and helping him buy displays a strong awareness of the crypto market's volatility. Newcomers should use this method to reduce market volatility and investment risk.

While openness is good, practice caution. Future conversations, especially about digital currencies, must emphasize Bitcoin's potential, security, and privacy. This new digital financial world requires your cooperation and responsible advice.

[ice18]

Your friend seems FOMOD after he saw your bitcoin holding into your wallet its very common in newbies but please explain to him common mistakes when buying bitcoin and holding there's a lot of scams out there so advise your friend the best practices to hold bitcoin, about your question I think its not too wise to show him all your holdings, you can show him a portion of it but not all not advisable for privacy.

[kotajikikox]

If your story is true, did you friend buy $520 worth of Bitcoin just like that? He didn't inquire more about what this Bitcoin is or how does it work?

After I showed him the amount of Bitcoins I have bought then he just developed interest and since he knew that am not easily convinced on anything concerning the Internet but I told interest in buying and hodling Bitcoin that it's really something that's genuine.

really?  your friend comes back from Canada and you have not communicating for 10 years suddenly KNEW YOU THAT MUCH?  nice try mate, in 10 years people change and since there is no constant communication for 10 years you have no idea what changes in each of you so how come that he knew you that cannot easily convinced ?
that is awesome men  

[Kelvinid]

I see that the best way to encourage someone to invest in Bitcoin is to show them how much Bitcoin and the accumulated profit since the day of buying. Just like what happened to your friend because I don't think he gains such interest if you just talk about Bitcoin without showing him some proof of your holdings.

You are not just doing good to him but it feels like you are making yourselves a blaming tool if ever he fails. Don't let him invest without knowledge but help him understand first how it works. And most of all, don't easily trust any of your friends.

[Z-tight]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't know if this story is true, or if it is just one of the many made-up stories that bitcointalk members come to this section to tell us. However, take note that it is not good to give people investment advise, it is not also good to tell people how much BTC you have, you put yourself at risk when you do things like that. From your story, it is clear that your friend has no BTC knowledge, storing BTC safely is so difficult for people like that, now imagine what would happen to your friendship if your friend loses his coins.

[Lorence.xD]

It would never be a good idea to show or reveal your holdings to anyone even a friend, family, or partner. Anyone can be convinced if you show them what you have, for sure they would feel FOMO as they also want to have holdings like yours. From your post OP, just imagine your friend with whom you haven't had any conversation for years and learned that you have a lot of holdings with Bitcoin, would probably share the story with other friends or family. Now that some people are aware that you are holding Bitcoin which is already alarming as they could do such things just to have their hands on your Bitcoin just like hacking, blackmailing, kidnapping, or any violence. You can say that they are worth the trust but remember that anyone could do such things as they are blinded with the money since this world runs with money.

[Kelward]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

If you do this, you will lose your friend and your bitcoins.

Your friend is going to have a plan with some bad guys to attack you on the streets or break into your apartment at night, tie you up, gag you, torture you for three hours, threaten to kill you your family including your dog or cat, eat your food and then force you to send your bitcoin to a address. When you do, they'll disappear for ever. You'll lose so bad that you would never want to talk to anyone about bitcoin.

If you think that your innocent looking friend cannot perpetrate these things, read this  - Physical Bitcoin and Cryptocurrency Attacks that Have Been Reported Worldwide

You just narrated a scary scenerio here, and there is possibilities that it can happen, because the mind is very threcherous, always pondering on evil thoughts. Ofcourse there are true friends who have integrity and will never betray trust, but because people can change and become wolves in sheep's clothing, therefore it'll be safer not to show them your sensitive financial details. The OP case is quite safe because his friend is obviously richer than him, if not envy can set in and the trusted friend can become his secret enemy that'll plot his downfall. I think that you can only take chances of sharing your sensitive details with only your spouse, because if anything happens to you a second party can access your wallet, else your investment will be lost forever.

[stadus]

I understand that your intention on showing him your bitcoin amount in your wallet is not actually to brag but to make him convinced that bitcoin is legit and not a ponzi scheme. However, disclosing your bitcoin property to  other people is not really a wise idea. You could have lost your bitcoin all of a sudden knowing your friend might sabotage you in the future. He could be your friend for now, but believe me when it comes to money, your best friend might become your best enemy once he gets tempted to steal your bitcoin without you knowing.

This is the reason why privacy and security are at its utmost important. Once you fail with these aspects, your bitcoin might not be safe anymore.

[Rruchi man]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

You did well introducing your friend to bitcoin, but it was not a wise move to divulge the details of your current bitcoin balance even though you see the person as friend or family.  We always need to be cautious when we tell people things, so we do not over speak and share the information that is not meant to be shared. You can be friends with someone and they are not friends with you, and also your relationship with someone may not remain the same forever, so always be cautious the information you divulge, sensitive information about yourself can be used to hurt you later.

[Rockstarguy]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

You don't have to show people the amount of Bitcoin you have just to convince them to invest bitcoin or love bitcoin. Even if you show the person you are teaching about bitcoin your accumulation it may not change anything if he does not have understanding of bitcoin but just want to have bitcoin to have generate quick money. What every beginners needs to know about Bitcoin is to understand the market, the volatility,  which will take the mentality of making money from bitcoin fast. Showing beginners the amount of Bitcoin you have accumulated they will just assume you made all the money you have in life from bitcoin.

[bitzizzix]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

You did well introducing your friend to bitcoin, but it was not a wise move to divulge the details of your current bitcoin balance even though you see the person as friend or family.  We always need to be cautious when we tell people things, so we do not over speak and share the information that is not meant to be shared. You can be friends with someone and they are not friends with you, and also your relationship with someone may not remain the same forever, so always be cautious the information you divulge, sensitive information about yourself can be used to hurt you later.

That's right, introducing Bitcoin to friends, close people and even family is just sharing experiences and providing good basic knowledge so that they can know and understand Bitcoin so they can develop it themselves if they are interested.
However, you do not need to reveal your Bitcoin amount and details as it is very risky. Moreover, OP states that she hasn't been friends or known him for years, maybe he was a good friend at that time, but OP also has to consider whether the person he was then is still the same as he is now, and this must be taken into account.
And this is a beginner's mistake and who knows what the purpose is, if only to make them believe by showing ownership. In my opinion, it can't have any effect, it will actually make you cry if something undesirable happens.
And a good way in my opinion is, you become generous and change overall significantly so that it makes them wonder what made you change, and with this you can easily introduce Bitcoin because the proof is that you changed in appearance and also financially.

[SatoPrincess]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

No, it was not wise at all. It’s one thing to share how much you earn at your job and it’s another to share your details of your crypto portfolio. Anyone can have a good idea of your job salary if they know your role in the company but what you do with your salary is your personal business. You took a big security risk telling someone (an estranged friend) about your bitcoin hodlings. There are better ways to share your Bitcoin knowledge to others for example Bitcoin price history is a good selling point.

[ChiBitCTy]

A few things.. first off NEVER show anyone your bitcoin holdings.  In fact you should never tell anyone you even own bitcoin. It's a bit different with a friend so I understand that.  Secondly, sounds like you've got all your bicoin in a hot wallet- move that to cold storage! 

Lastly, unless you're a financial advisor who's discussed his entire portfolio, it's not smart of him to listen to your suggestions.  How do you know he can afford bitcoin?  Never buy anything until you've done the research.  I didn't buy btc for about year from discovering it.  I read multiple books and make sure I knew what is was, how it works etc.  Never just buy something because someone tell you that you should.

I appreciate you well meaning behind this though!

[MFahad]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

​First of all, it's great for you to have such an old friend again.in my opinion the best thing to do is to let your friends, relatives and close people know about Bitcoin. Showing someone your assets or bitcoins is not right in my opinion. You must tell your friends or relatives about Bitcoin and how much profit we can get in the future by investing in it, but one should never flaunt their assets.

Tell them about the profit or gain from Bitcoin to guide them. However, you may have shown him your bitcoins to pique his interest. I often tell my friends about my full wallet assets myself, but often do it on impulse even though I don't think it's right.There are many other ways to interest others without necessarily showing them the bitcoins we have.
​
​

[puloweh555]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

No, it was not wise at all. It’s one thing to share how much you earn at your job and it’s another to share your details of your crypto portfolio. Anyone can have a good idea of your job salary if they know your role in the company but what you do with your salary is your personal business. You took a big security risk telling someone (an estranged friend) about your bitcoin hodlings. There are better ways to share your Bitcoin knowledge to others for example Bitcoin price history is a good selling point.

Yes, exactly. To provide knowledge about bitcoin to a friend, you don't need to show your bitcoin balance so that he is interested in bitcoin, because this is very risky for you. After all, bitcoin is personal, so why should we show it to other people, this is not a wise choice of course.

I'm more interested, as you said, when telling or teaching your friends to be interested in bitcoin, it's better to show the history of bitcoin from when it was first created until now, bitcoin is a scarce asset in the future, that's why we need to buy bitcoin or maybe the use of bitcoin , and there are many other benefits of bitcoin that need to be shown to friends. So it's not your balance.

[The Cryptovator]

When you show your wallet to someone, it means you have compromised your privacy. It doesn't matter if he is your friend or a relative. You know about your friend, but we don't know if he deserves to see your wallet. It isn't necessary to show your personal wallet when you are trying to convince someone to invest in Bitcoin. I advise you to always protect your privacy and be careful. We can trust our friends, but privacy is a matter. However, it is good to see you convince your friend to buy Bitcoin with the DCA strategy, which is a good strategy. Keep up this good work by always protecting your privacy.

[macson]

indeed the best way to attract someone's interest is to show them what we have and in this case you as a bitcoin investor show the bitcoins that you hold, which automatically makes your friends very interested, But the important question is whether you also warn your friend about the risks of investing in Bitcoin! Many people don't explain in detail what risks they might encounter when they become a Bitcoin investor, There are things you need to explain about the benefits of investing in Bitcoin;
- Bitcoin price is volatile
- best private wallet for Bitcoin ^{(long term)}
- best exchange to buy bitcoin
etc
and you also have to be prepared to continue receiving questions from him, it will likely annoy you until your friend really believes in bitcoin, it's not easy to introduce bitcoin to other people, but we have to do that to encourage bitcoin adoption.

[terrific]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

This is like showing your bank account balance to someone. Are you comfortable with that? if you are then no problem.
Well, he's got the idea now that he's got more money than you so I guess that's fine for him but it won't be enough if he gets interested.
Because whether you show it to him or not, if he's truly interested he'd do his own research about btc.

[Z-tight]

indeed the best way to attract someone's interest is to show them what we have and in this case you as a bitcoin investor show the bitcoins that you hold, which automatically makes your friends very interested,

You do not have to 'force' the interest of BTC on someone, if they have an interest in BTC and they ask for your help, then you can go ahead and help them, but you don't have to try and convince someone to buy BTC. It would affect your relationship with the person if they lose their coins or make a loss through buying it. Your BTC wallet and how much money you have should be private stuff, i would not show it to anybody to prove a point, even Satoshi didn't try to force the BTC idea on people .

[AmoreJaz]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

This is like showing your bank account balance to someone. Are you comfortable with that? if you are then no problem.
Well, he's got the idea now that he's got more money than you so I guess that's fine for him but it won't be enough if he gets interested.
Because whether you show it to him or not, if he's truly interested he'd do his own research about btc.

that is exactly true. with the current technology these days, basically everyone can do their own further research if they want to explore things. we don't know the absolute truth about the OP's story, but if that was indeed true, then, yes, he got his friend's interest into this market. but do remember that he should advise him about the risks involved in getting into this market.

there's nothing wrong showing someone else's your wallet. but do you really think that is a smart move? i am not comfortable on that kind of situation. but as a holder, much better to be discreet with your dealings here. you'll never know potential risks that you are getting into up until you are in the terrible situation of losing your funds.

do remind yourself that you don't need to convince anyone to be on this market. they can get involve here, but it should be voluntary. they won't hold anything against you whatever may happen to their assets.

[Zoomic]

indeed the best way to attract someone's interest is to show them what we have and in this case you as a bitcoin investor show the bitcoins that you hold, which automatically makes your friends very interested, But the important question is whether you also warn your friend about the risks of investing in Bitcoin! Many people don't explain in detail what risks they might encounter when they become a Bitcoin investor, There are things you need to explain about the benefits of investing in Bitcoin;
- Bitcoin price is volatile
- best private wallet for Bitcoin ^{(long term)}
- best exchange to buy bitcoin
etc
and you also have to be prepared to continue receiving questions from him, it will likely annoy you until your friend really believes in bitcoin, it's not easy to introduce bitcoin to other people, but we have to do that to encourage bitcoin adoption.

Telling people the good sides of Bitcoin without telling them the other sides of Bitcoin is very risky. Newbies also need to be aware that the bitcoin price is very volatile which can either reduce or increase the value of their investments.  They should be fully aware of the inherent risks involved in investing in Bitcoin, also the dos and don'ts.The OP might be in some sort of trouble if at the end his friend begins to make losses instead of gains as opposed to what the OP told him and this might affect the friendship  in the future.

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

As much as I find this story sketching and a pure work of fiction,  I still need to advice. Ten years is a lot to change someone you knew before.  Showing your your Bitcoin holdings is not safe at all. It can expose you to different attacks.  Your financial information is one of the things you should keep private. Those you trust can change any moment.

[flyingcarpet]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

In my opinion, it is not the right behaviour not to pay attention to the privacy of your wallet. In the market, such behaviour is often seen as a mistake. Of course, there may be people we trust, but we need to be completely sure. The way to convince your friend is not to show him your wallet, but to give him information about the subject he is curious about.

In some cases, showing your wallet can be more effective, i.e. you can influence the other person and encourage them to find out more about what they want to do, but this is a risky move.

It's good to tell someone about Bitcoin and convince them to invest in it. You are guiding someone in your circle to the right investment vehicle. And don't forget to mention the risks of the market.

[lalabotax]

Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Actually, it doesn't matter when we introduce Bitcoin to anyone. However, there are several things that need to be considered before we decide to invite him to invest in Bitcoin, whatever the method.

The first thing that must be informed is not only the possible profits but also the risks that must be faced. Don't let your friends think that this is zero risk. This will create missed understanding later. Then, make sure that your friends also have time to learn more about investing in Bitcoin and the crypto space in general. Don't just be about getting lots of money and profits. So, balanced information is really needed here.

And regarding you telling how much BTC you have, I don't think that should be necessary. Because you need to maintain your own privacy and security. This is quite dangerous.

[Fatunad]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

You did well introducing your friend to bitcoin, but it was not a wise move to divulge the details of your current bitcoin balance even though you see the person as friend or family.  We always need to be cautious when we tell people things, so we do not over speak and share the information that is not meant to be shared. You can be friends with someone and they are not friends with you, and also your relationship with someone may not remain the same forever, so always be cautious the information you divulge, sensitive information about yourself can be used to hurt you later.

That's right, introducing Bitcoin to friends, close people and even family is just sharing experiences and providing good basic knowledge so that they can know and understand Bitcoin so they can develop it themselves if they are interested.
However, you do not need to reveal your Bitcoin amount and details as it is very risky. Moreover, OP states that she hasn't been friends or known him for years, maybe he was a good friend at that time, but OP also has to consider whether the person he was then is still the same as he is now, and this must be taken into account.
And this is a beginner's mistake and who knows what the purpose is, if only to make them believe by showing ownership. In my opinion, it can't have any effect, it will actually make you cry if something undesirable happens.
And a good way in my opinion is, you become generous and change overall significantly so that it makes them wonder what made you change, and with this you can easily introduce Bitcoin because the proof is that you changed in appearance and also financially.

It is good to have this way if those family of yours and relatives or close friends are open minded type of person or people which it is unlike to my family and friends that they are really that skeptical on things that are found online. They are really just that sticking into those traditional stuffs and things on which they do really believe into it and wont really welcoming any new ideas or things that does exist.This is the main reason on why i had stopped on trying out to introduce Bitcoin or crypto into other people and would really be just focusing onto the things on what im doing here on crypto space rather than on sharing it up into those people who doesnt really even want to hear off about those sentiments. Even if you do speak about some money earning opportunity but still they would be having those doubts.

Well, there are people who are open minded and does welcome new ideas or things on which it would really be that somewhat interesting in making out some explaination into those people
who are really willing or interested to heard of but if its not or totally opposite then it would be better that they should really remain still and sit up and miss out those good opportunities.
Dont try out to speak or reach to me on the time that the market will really be that evident or something that makes up some noise.

[Russlenat]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

It is not a bad decision to introduce people to Bitcoin because you are indirectly promoting Bitcoin adoption. But you have to give them the right information and also teach them how to keep their Bitcoin safe. Although this condition is relative to my location, I don't like telling people that I own Bitcoin because it could attract criminals such as armed robbers, kidnappers and fraudsters. Most people in my area don't know that Bitcoin can be bought in bits so they assume that you own one Bitcoin and above if they know that you own the coin. This has made me keep my hodling secrets and only discuss Bitcoin with fellow Bitcoiner.

Now to your question,  I don't think you had to show him how much you have accumulated or how much profit you have made to attract him to the sector. This might make him see Bitcoin as a get-rich-quick scheme which is a wrong perception. He should be able to understand the Bitcoin space before investing to avoid regrets.

Most likely, his friend was really thinking that bitcoin is a get rich quick that time when he agreed to invest in bitcoin as well. Because if not, he should have tell him that he will research first about bitcoin and think a hundred times whether to invest or not. But because of what he seen in the wallet, his decision to invest has become abrupt.

OP, what you did only bring danger to your bitcoin. You said you had never seen your friend for such a long time so you really are not sure that time what he's been into. He might be a scammer or a fraudster. Sometimes, what you didn't expect tends to happen to instead. So do not be too trusting even to your friends. You do not know what they are capable of doing when you're not already around.

[Mate2237]

This not a big deal, if I  will create threads to all the people I have introduced Bitcoin to, it will full 20 pages article because they re many but I don't have to to write threads on that. Because that is not an achievement. And also before you introduce Bitcoin to someone you have to know the two major risk involved now. Tell the person the high transaction fee and also the volatile nature of Bitcoin so that when the person comes to the field and anything happens he would know that you have told him before so you would not be blame again in any downfall of the person.

[Japinat]

I agree that you succeeded in attracting your friend to invest in bitcoin, but the problem is you never taught him how to secure his bitcoin, by not sharing it to others or letting other people know that you're actually owning bitcoin. What you showed OP creates a wrong concept about bitcoin, and he should not imitate you, otherwise he will blame you in the future if he lost his bitcoin because he also show it to other people to attract them to invest.

It's not too late OP. You can correct your mistake by teaching him the right way to secure the safety of his coins. And for you OP, beware of the future scammers. Your investment might be at risk already the moment you share your bitcoin hodlings to your friend.

[livingfree]

Not a problem to me I guess since it's both of you that known each other and knew how much each of you hold. I also think that most of us have this similar type of story that we've got this friend and asked us about Bitcoin and told them to buy and then just hold it until they make a profit.

But when it comes to this, knowing how much I have, I never disclose it to anybody otherwise if I think the person is not trustworthy. I just simply say that I've got less in my holdings because I have to sell.

It's surprising to see someone that you've just met again although you're long time friends that has bought with that much. Because with my friends, they don't even want to place $10 for their first purchase as they're all scared. 

[terrific]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

This is like showing your bank account balance to someone. Are you comfortable with that? if you are then no problem.
Well, he's got the idea now that he's got more money than you so I guess that's fine for him but it won't be enough if he gets interested.
Because whether you show it to him or not, if he's truly interested he'd do his own research about btc.

that is exactly true. with the current technology these days, basically everyone can do their own further research if they want to explore things. we don't know the absolute truth about the OP's story, but if that was indeed true, then, yes, he got his friend's interest into this market. but do remember that he should advise him about the risks involved in getting into this market.

there's nothing wrong showing someone else's your wallet. but do you really think that is a smart move? i am not comfortable on that kind of situation. but as a holder, much better to be discreet with your dealings here. you'll never know potential risks that you are getting into up until you are in the terrible situation of losing your funds.

do remind yourself that you don't need to convince anyone to be on this market. they can get involve here, but it should be voluntary. they won't hold anything against you whatever may happen to their assets.

I am not also comfortable doing that. That's why if he's for something like this, he needs to understand that privacy is important.
That's even one thing about Bitcoin, privacy. But with the way he has introduced it to him, things seems are good to both of them.
Well then, good luck to all of us holders.

[Promocodeudo]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

OP, with what I see, you are still a newbie, did you learn bitcoin before joining this forum, if your answer is yes, it is fine, but if you say no, I will say that you learnt very fast to even introduce someone to bitcoin, since you have learnt,  I strongly believe that you have told your friend that bitcoin is not a fast money making investment, having other earning while you invest the little you can will help anyone to hold for as long as you want.
Any amount he want to invest should be personal, don't give advice to that effect so that you will not be held responsible if any ugly situation occur.
In the aspect of showing him the amount of btc you have acquired I don't think that's a wise step to take because I think that bitcoin is personal stuff unless in some cases it requires you to reveal your btc balance which is rare.

[yazher]

The same story happened to me years ago and now he is not only my friend outside of social media but also one with whom I can talk freely when it comes to crypto-related matters. It's nice to have a friend whom you can ask for advice when it comes to certain coins for your investment because they will just gonna simply explain it the way you understand well and there will be no sugar coating because he truly cares for you when he advises you. Unlike taking some tips from influencers on Youtube, they will lead you astray and lure you to invest in their shitcoins and leave you in your investment after the project they introduced to you has failed.

[Shishir99]

SNIP

You didn't need to tell the long story to simply say that. But I am okay with that. You just broke your privacy. I don't know how old you are. But after reading how furious your friend was after he heard about Bitcoin, it seems you guys are under 25 or maybe less than that. I am saying that because someone should not invest in something right after he heard about it.

To learn basic things about Bitcoin, a person need at least a week to to research and get more idea about it. When you give someone a positive idea about something, you should tell him the possible negative side as well. Otherwise, your good friend will turn into your enemy. At least they won't see you as a good friend anymore.

[rodskee]

What a great story , how long have you created this before posting ? anyway assuming
that all is true then why need to show how much bitcoin you has in a full strangers like him? you have
not seeing each other for many years but you have trusted him that much? sorry but like a created
topic to earn merit like many does before and yes they luckily started the trend and earned merits
but nowadays story's here and there coming ? not sure  if this will still gain much.

[Natsuu]

SNIP

You didn't need to tell the long story to simply say that. But I am okay with that. You just broke your privacy. I don't know how old you are. But after reading how furious your friend was after he heard about Bitcoin, it seems you guys are under 25 or maybe less than that. I am saying that because someone should not invest in something right after he heard about it.

To learn basic things about Bitcoin, a person need at least a week to to research and get more idea about it. When you give someone a positive idea about something, you should tell him the possible negative side as well. Otherwise, your good friend will turn into your enemy. At least they won't see you as a good friend anymore.

I think it takes more than a week.

Anyway youre right that OP should consider both the positive and negative aspects. Open communication about potential risks is indeed crucial in any friendship. It's a valuable lesson in making informed decisions, especially in the world of investments like Bitcoin.

[lizarder]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

No one cares how much bitcoin you have and telling your friends about it is your own choice. But one thing you need to know is that investing in Bitcoin will be much safer if you remain anonymous and provide amount of ownership information to your friends is an attempt at justification that you don't need to do. That's why many people are too lazy to teach other people about bitcoin because they tend to want to get involved once we show that we have the amount of ownership.

To me this is ridiculous and what is your basis for telling him that? because if you think telling him how much ownership you have can attract his interest in investing. In my opinion you are digging your own grave and it will make you uncomfortable at times.

[GigaBit]

Some people are influenced by others. There are many who have changed their lives through friends. This bit of advice you gave about Bitcoin may be the best advice to change his life. Bitcoin is still a suitable investment medium for ordinary investors. Opportunities for small investors are gradually narrowing. After a while, it will become difficult for ordinary people to buy bitcoins other than institutional investors. If your friend can invest in Bitcoin by making a certain amount of money with DCA then he can definitely get a significant rate of return from this investment.

There are two positive and negative aspects mentioned the question. If your friend is honest and trustworthy then there is no problem here but if dishonest then there may be problem. But it would not be bad if you tell him without showing that amount. I would say that  ensure your safety first.

[Ruttoshi]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

It is not a safe practice to show anyone the amount of bitcoin in your wallet, because you don't need to prove to anyone that you have bitcoin before you can convince them to buy bitcoin. Whoever that love bitcoin concepts after explaining to him will think over it and decide if he will adopt bitcoin or not. This is because, you don't know who is happy with your progress and they might end up looking for a way to steal your coins.

I understand the happiness in you for seeing your old time friend after a very long time and that was what made you to be over excited to show him your wallet. Remember to keep your bitcoin hodlings a secrete for privacy. I hope that he is not investing because of the bull run that you explained to him for quick profit so that he doesn't think that bitcoin is a get rich quick scheme, and if he misses out from selling during the bull run, when bitcoin will go to the bear market, he will blame you for not explaining that bitcoin should be a long term investment.

[moneystery]

....
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you were right to give him a recommendation to invest in bitcoin because it could give him the opportunity to make a profit during the bull market, but it was not wise of you to give him the opportunity to see how much bitcoin you had. even though he was your friend at university, you haven't seen each other for a long time and we don't know how he has changed in the time you haven't seen each other. luckily your friend doesn't have bad intentions towards you, or it could be that the meeting becomes a nightmare for you.

[Shishir99]

I think it takes more than a week.

Anyway youre right that OP should consider both the positive and negative aspects. Open communication about potential risks is indeed crucial in any friendship. It's a valuable lesson in making informed decisions, especially in the world of investments like Bitcoin.

That is what I wanted to tell him too. People tend to make these mistakes by saying that it's a gem and the profit is guaranteed. But, as a good friend, you tell them everything in detail. Most of the time people talk about only the positive side of something because they want to sell the product. But, when you are talking to your friend and you are talking about Bitcoin, you don't have to impress them about Bitcoin. You have to tell them everything so they don't blame you later.

I am sure that you guys heard that someone convinced his friend to invest in something and later the project failed or scammed. Would you ever trust your friend after such a incident? I know there are less chance that Bitcoin may fail. But, imagine if your friend buy Bitcoin and the market goes for a long bear market. You will lose your friend.

[pinggoki]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

It's smart but far from wise right now, for it to be considered wise, you have to tell that friend of yours the negatives of bitcoin too especially the volatility part, that's a big factor in my opinion that can decide if that friend will continue to invest in bitcoin because she's pumping out a lot of money in it for a newbie which wouldn't be advisable since it's a big money. Also tell her that she only needs to invest only what she can afford to lose because if she's hodling and her goal is the big profit in her bitcoin investment then that money will have to stay in a wallet for a really long time. Make sure that you're not going to be blamed in case the market goes down and her investment's value goes down because you're the one that's introduced her to bitcoin after all. Besides those concerns, I'm happy for you and your friend that you're able to invest in bitcoin and have hodling for the long-term in mind, may you reap great profits.

[gunhell16]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

If I base the story you told on this topic, I think it was wise that you did that to your friend to share what you are doing now with Bitcoin. You know why? because you showing the amount of your Bitcoin holdings was not an encouragement to me, because you hyped your friend to invest in Bitcoin.

Since your friend was immediately hyped to invest in Bitcoin, he did not immediately see the real concept of the beauty of Bitcoin. Did you explain the pros and cons to him? So, of course he will think that it is easy to make money from Bitcoin because its value is high now, you know what I mean? It's just that for me, what you did was not wise to share Bitcoin with him, you know that yourself, but why didn't you tell him the truth? It seems that what just happened was that you bragged to him that you have bitcoin, although you really have something to brag about. But the way you share your bitcoin with him is wrong.

[Blitzboy]

I think it takes more than a week.

Anyway youre right that OP should consider both the positive and negative aspects. Open communication about potential risks is indeed crucial in any friendship. It's a valuable lesson in making informed decisions, especially in the world of investments like Bitcoin.

That is what I wanted to tell him too. People tend to make these mistakes by saying that it's a gem and the profit is guaranteed. But, as a good friend, you tell them everything in detail. Most of the time people talk about only the positive side of something because they want to sell the product. But, when you are talking to your friend and you are talking about Bitcoin, you don't have to impress them about Bitcoin. You have to tell them everything so they don't blame you later.

I am sure that you guys heard that someone convinced his friend to invest in something and later the project failed or scammed. Would you ever trust your friend after such a incident? I know there are less chance that Bitcoin may fail. But, imagine if your friend buy Bitcoin and the market goes for a long bear market. You will lose your friend.

Bitcoin discussions with friends require honesty, not salesmanship. Investing is always risky. This must be emphasised especially when leading friends. Knowing risks and potential advantages are important. Always say, "Invest only what you can afford to lose." This mantra is key to crypto investing. Consider the human element: friendship is built on trust. Responsible investment advice includes Bitcoin. When the market dips, as it often does, financial loss can strain your friendship. Not simply market trends, but trust, openness, and respect.

Supporting Bitcoin doesn't negate its risks. Realism requires realising its potential and volatility. Instead of persuading, friends enlighten and encourage, letting them decide. This method fosters trust, respect, and, most importantly, friendships throughout market changes.

[bounceback]

Honestly I am not really excited introducing bitcoin to my friend due bad experienced before when they are investing and price drastically drop, many of them make me on fault position exactly they are most greedy when investing in bitcoin. Better introducing them not only with how much profitable earned when investing in bitcoin also need to talk them bitcoin have fluactive price with some time on the top and has potential will going down.

But introducing your friend with bitcoin don't left with teaching them free way to earn bitcoin and they will get benefit fund for investing without use their primary fund. When their bitcoin investment assets going dump not make you on pressure position and need to introduce them how most important with patience.

[MFahad]

Regarding your question, It depends on what kind of friend he is. how close and trustworthy he is. even tho sharing a public address with someone is fine as long as your keys are safe but it'll breach your privacy for sure.. it is totally on each person's own perspective.

The same story happened to me years ago and now he is not only my friend outside of social media but also one with whom I can talk freely when it comes to crypto-related matters. It's nice to have a friend whom you can ask for advice when it comes to certain coins for your investment because they will just gonna simply explain it the way you understand well and there will be no sugar coating because he truly cares for you when he advises you. Unlike taking some tips from influencers on Youtube, they will lead you astray and lure you to invest in their shitcoins and leave you in your investment after the project they introduced to you has failed.

You are correct. Knowing about Bitcoin and Cryptocurrency from a Friend or a family member is much better than finding it out fromthe  internet. Trusted influencers are still ok. but there are so many scammers nowadays that newbies can get easily misled by anyone.

[wtsimis]

It is really happy that a new person got to know about Bitcoin. Explaining the basics of Bitcoin to others through daily conversations and explaining its features and potential to traditional financial systems will surely create a new customer for Bitcoin. It's definitely a good idea to explain to a new friend discussions about Bitcoin limited supply, blockchain technology, and its potential impact on the future of money. I, along with others, look forward to exploring this exciting journey into the world of decentralized finance.

[Sanitough]

Yes, I've seen how you managed to convince your friend to invest in bitcoin and finally, he agreed to invest as well. However, what I want to correct is that showing him the amount of bitcoin in your wallet will never be right, certainly not a wise move for you because you are giving him the hint to steal your bitcoin or hack your account in the future. You forgot to stay cautious on your investment just because of your goal to convince your friend.

From this, hopefully you will learn your lesson and will not do the same mistake again. Bitcoin is very precious that people can't resist it from stealing if there's any chance.

[SmartCharpa]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.

I hope you teach him more about bitcoin before he started investing too. It's exciting to show him another way to double his income, if he learns how to invest in bitcoin, I think he won't rely on just one thing for a living. You are a good friend to tell him about this forum, i believe he would learn more from you. In addition, you can also introduce him to this forum so that he can learn more about bitcoin whenever you are not around to direct him, which if he wants to invest in bitcoin in the long run, for him to go online and obtain false information from untrusted sources about bitcoin.

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't think so, since you have known him for a long time, but that should give you reason to believe him because you two are not as close as you were before. When he traveled to Canada, you won't know a new way of life with him. Since you've already told him how much bitcoin you own, let it end there, don't give any more information to him about your privacy, just because he's holding bitcoin doesn't mean he won't scam you, to avoid losing what you've been holding for so long.

[Ziskinberg]

Not a problem to me I guess since it's both of you that known each other and knew how much each of you hold. I also think that most of us have this similar type of story that we've got this friend and asked us about Bitcoin and told them to buy and then just hold it until they make a profit.

But when it comes to this, knowing how much I have, I never disclose it to anybody otherwise if I think the person is not trustworthy. I just simply say that I've got less in my holdings because I have to sell.

It's surprising to see someone that you've just met again although you're long time friends that has bought with that much. Because with my friends, they don't even want to place $10 for their first purchase as they're all scared. 

I think his friend never demand to see his bitcoin amount. It's just OP that is very eager to show his achievement with bitcoin. So not really a wise move OP. You don't even know his present background because you have not seen each other for quite a long time. Bitcoin is an investment property, so it needs to be privately kept and hold, and never to be easily disclosed to anyone.

However, I was also shocked why his friend immediately invest at a huge amount. It just only proves that he really did not understand the risk involves in bitcoin.

[tread93]

I think OP just got carried away on his conversation with the friend. Maybe with a bit if a show off haha why would you show someone how much bitcoin you have, considering that is a friend you havent seen in a while.

To be honest, i wont talk about money to someone i havent met for a long time. Not everyone's comfy talking about money, and it could create weird vibes or even stir up unexpected expectations. Plus, you never know who's listening, right? Keep it lowkey and chat about crypto without turning it into a wallet show and tell. It's safer and you won't accidentally make things awkward.

I would definitelly hav eto agree with you Natsuu, it would be wise to not divuldge this information as you never know who could be listening (especially through your electronic devices), this information should be kept secret and safe. This was more of a bragging show off to an old friend to show him his success and get a nod. This type of thing was a flaunt. Education is the most important piece. Explain its importance and show them the way, and if they ask about your holdings I always say that that its rude to ask such a question because its none of their business.

[Queentoshi]

...

It makes you a good friend to be able to introduce your friend to something with the potential of changing their lives. The common things that some friends introduce their other friends to are things that can ruin their lives like smoking, drinking and gambling. Only few friends share useful information. Now that you have introduced your friend to bitcoin, you have to make sure that they understand the need to try to start doing their own research on bitcoins, so as to know more.

[Hamza2424]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't think so.

Why ?

I think it's not a big deal because Op mentioned that he was his old friend so there's no issue with the physical attacks as there some such cases already exist. At the same time, I think greed has no limits even the trusted ones can do something unexpected and still give the benefit of the doubt because He's your old friend, and until you are securing your key there's no issue also better to use a hardware wallet. A maximum of the security concerns can be handled with the hardware wallet.

DCA is a good strategy in every market zone, but with the zone change, we can adopt some other strategies such as buying the dips, flexible DCA, etc etc.

OP make sure to realize the privacy concerns on the internet, if you are good at it, you can keep yourself safer it was your friend if it was any other person whom you were just educating about Bitcoin I would have called it the stupidest action. For the rest, I do appreciate your efforts and motivation for sharing this story but mostly people on the forum ask and answer stories are not considered as reliable to share anything.

[Issa56]

I went through your profile, and the first thread that you created showed that you just bought a bitcoin when the price was at $43,943, which shows that you just started accumulating bitcoin recently, and you asked some questions in the thread, which I am sure only a newbie will ask that kind of question, but in the current post created by you, it seems like you have been accumulating bitcoin for a long period of time. I don't really believe your story, I don't really know how true it is.

i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin

I said earlier that I don't know how true your story is, but if it is, then you made a great mistake. You shouldn't have shown him your bitcoin holdings, don't disclose the amount of bitcoin you are holding to people, your bitcoin holdings should be known only to you. You claimed your friend travelled the country for a long time, and your friend recently just came back. You shouldn't really trust him to the level of showing him your wallet. You might trust him, but I hope you know people do change. Your friend might not be the same person you knew a few years ago, so you have to be careful.

If you really have a huge amount of money in your wallet, what if your friend ends up setting you up and asking you to send the bitcoin to their wallet, or if the bitcoin is stored in a non-custodial wallet, asking you for your private key? You can tell people about bitcoin, but don't disclose the amount of bitcoin that you are holding.

[Maslate]

While you became successful in making your friend to invest in bitcoin, but I am worried on your friend as well because his decision to invest is such a rush. I believe greed is one reason, but if he's really smart enough, he should have research on it first before trying to trust and invest in bitcoin. You might be held responsible of his future losses, who knows.

Now, on your part OP, I would like to advise you to never show your wallet again regardless of how small your bitcoin hodling is. You never know what's running on your friend's mind so be cautious and be mindful the next time you introduce bitcoin to your peers.

[Silberman]

While you became successful in making your friend to invest in bitcoin, but I am worried on your friend as well because his decision to invest is such a rush. I believe greed is one reason, but if he's really smart enough, he should have research on it first before trying to trust and invest in bitcoin. You might be held responsible of his future losses, who knows.

Now, on your part OP, I would like to advise you to never show your wallet again regardless of how small your bitcoin hodling is. You never know what's running on your friend's mind so be cautious and be mindful the next time you introduce bitcoin to your peers.

Even if the friend has no ulterior motives they can always talk more than what they should and reveal the amount of bitcoin the OP has on their wallet, and if that information reaches the wrong person then the OP could be at risk of getting their coins stolen, this is why the approach the OP took should be disregarded, as even if they were successful in getting their friend interested in this market, the risks they took with this method are simply too high for most people to bear.

[oktana]

Just before your question, I already planned to talk about you showing him your Bitcoin balance. It is a wrong thing to do because you just said that you haven’t met or communicated for years. I am not saying he’s a bad person but what if he isn’t the same person you knew back then? And even for a friend you see everyday, showing them your Bitcoin balance is still dangerous for reasons like envy. Someone can envy you just because you know more, do more, or even have more. So, not just about him, because who you tell that you have Bitcoin, not to mention the people you actually show your balance to.

[libert19]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't think so.

Why ?

I think it's not a big deal because Op mentioned that he was his old friend so there's no issue with the physical attacks as there some such cases already exist.

You never really know, I'd prefer to not tell anything sensitive to anyone tbh. Also, I don't think there was real reason to show accumulated amounts to his friend, it could be avoided.

He met his old friend after 10 years, people completely change in this much time.

[Shishir99]

Bitcoin discussions with friends require honesty, not salesmanship. Investing is always risky. This must be emphasised especially when leading friends. Knowing risks and potential advantages are important. Always say, "Invest only what you can afford to lose." This mantra is key to crypto investing. Consider the human element: friendship is built on trust. Responsible investment advice includes Bitcoin. When the market dips, as it often does, financial loss can strain your friendship. Not simply market trends, but trust, openness, and respect.

Most people who introduce bitcoin to their friends forget that. They do not tell them the whole picture! They present Bitcoin like it's a Ponzi scheme and there is no downtime. They present that Bitcoin is magic money and everyone can be rich by investing in it. They always present it like, the Bitcoin price always increases with time. They never say that Bitcoin could down for a year or so. We have been down from ATH for the last two years. Imagine someone bought Bitcoin at ATH. How have they felt about it for the last few years?

We have to tell them that, you have to buy at the right time if you want to make some profit. unfortunately, we don't know what is the most accurate time to buy it. To avoid confusion, usually, we follow DCA methods to buy Bitcoin. But the Ideal time to buy is when Bitcoin goes down. We have to tell them that the bear run is not permanent. We are not losing anything if we do not sell our holding! There are many things we can explain them.

[angrybirdy]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't think so.

If you will ask me, it's a No for me, Even if were close friends because I want to maintain the confidentiality when it comes to my income, salary as well as about investments/savings. It's not like I don't have trust but It's much safer If I'm the only one who knows about it, Even to my family, I never informed my exact income amount so as to have less expectations.

[cryptoWODL]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't think so.

Why ?

I think it's not a big deal because Op mentioned that he was his old friend so there's no issue with the physical attacks as there some such cases already exist.

You never really know, I'd prefer to not tell anything sensitive to anyone tbh. Also, I don't think there was real reason to show accumulated amounts to his friend, it could be avoided.

He met his old friend after 10 years, people completely change in this much time.

It is true that people can change at any time.I also have some friends that I have told about Bitcoin and they are trying to learn but I haven't told them that I have Bitcoin. Because I have to protect myself.
I didn't tell my friends about my bitcoins in case they attacked me for changing at some point. But I have discussed my Bitcoin investment with my family and I even discuss it almost every day.

[Questat]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I don't think so.

If you will ask me, it's a No for me, Even if were close friends because I want to maintain the confidentiality when it comes to my income, salary as well as about investments/savings. It's not like I don't have trust but It's much safer If I'm the only one who knows about it, Even to my family, I never informed my exact income amount so as to have less expectations.

It is about keeping ourselves safe as well. He might gain interest in learning but we never know what is the mind of those people who know our finances. I'd rather look simple and empty so people don't care about us. But can't blame the OP as well, he trusted his friend, and he has the confidence already, and in order for him to convince to show evidence that he has Bitcoin. We could just hope that everything went well and his friend didn't think any stupid things against him.

[bettercrypto]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Sorry, but it is not okay for me since you asked about this matter. Better yet, you gave him a briefing on Bitcoin. It would not show the amount of bitcoin you have now. Because it's like when you used to brag to him that you had Bitcoin and he didn't. Even if we say that, that is not really your intention.

So what happened during your conversation was that he immediately got interested, even though he didn't really understand Bitcoin yet. That's because he saw the value of Bitcoin in the market, as you may have told him. Maybe next time, don't do that.

[libert19]

It is about keeping ourselves safe as well. He might gain interest in learning but we never know what is the mind of those people who know our finances. I'd rather look simple and empty so people don't care about us.

Those people who care about you only when you have something, are to be stay away from. There is quote I read long ago; money is a relative term. It brings so many relatives.

[Rampagoe004]

Not a problem to me I guess since it's both of you that known each other and knew how much each of you hold. I also think that most of us have this similar type of story that we've got this friend and asked us about Bitcoin and told them to buy and then just hold it until they make a profit.

But when it comes to this, knowing how much I have, I never disclose it to anybody otherwise if I think the person is not trustworthy. I just simply say that I've got less in my holdings because I have to sell.

It's surprising to see someone that you've just met again although you're long time friends that has bought with that much. Because with my friends, they don't even want to place $10 for their first purchase as they're all scared. 

I was also surprised when I read the story. I mean $520 is a lot of money and how can your friends trust you when you haven't seen each other for a long time? Is it because you guys are really friends? Honestly, I'm sorry I see you as if you were telling something and omitting some details. There OP didn't mention how many coins he had, which made his friend curious. If he talks about the results obtained from the forum then that is impossible because the OP is still a Jr Member. Unless OP turns out to be lucky in getting potential coins from the bounty thread.

[Negotiation]

Many have told similar stories but later they suffered it seems really strange in my opinion you should not show your bitcoin balance if you haven't seen your friend yet. It is normal for him to be jealous of you when you grow up it is better not to share your personal information with anyone if you are not trusted. How can you believe so much without seeing a friend? If a friend betrays you you can't do anything Keep investing yourself and you will get good profit. Don't see anyone with a large amount of money.

[bayu7adi]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Asking about someone's specific wealth can be kinda rude, but with close friends, it's usually not a big deal. Sharing how much BTC you have, though, seems unnecessary. Unless your friend really needs that info, it's not useful and won't really matter to them. If you want to motivate them, just share your experiences instead of showing off your BTC amount.

Remember, keep it real and don't do things that aren't necessary. If your friend doesn't like it, they might decide to distance themselves from BTC. You wouldn't want that guilt on your shoulders, right?

[Kakmakr]

It does not matter how many bitcoins you have and how many you showed him, what does matter is that you introduced this to him and that he decided to buy some bitcoins. It might strengthen or break your friendship, depending on how well Bitcoin perform.

You need to educate him on the correct reasons to buy bitcoins and not just to buy it to speculate. We want Bitcoin to succeed as a currency, so he should find ways to convert Fiat to Bitcoin and then to use it as a currency. 

[mamesso]

You direct him step by step on how to buy Bitcoin and your friend has now got his first Bitcoin according to your instructions. Close relationships that have existed for a long time can make people more open with each other, showing Bitcoin to close friends is safer than publishing on social media. Your friend is brave enough to make his first purchase worth $520 after hearing your story about Bitcoin, even though he is still new to Bitcoin investment, his courage should be appreciated.

[Games.Bitcoin]

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

[Pandu Geddon]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Wise or not, this has become a motivation for your friends to invest in Bitcoin. The most important thing is that you tell him the concept of Bitcoin investment well. So do the risks. You have to tell him not to be too hasty if he still doesn't understand much about Bitcoin.
I'm afraid young investors will be surprised to see a market that is so easy to move. such an incident could change a beginner's perception of Bitcoin. I hope you continue to look out for your friends and give good advice to your friends when in situations that a beginner might not be able to handle.

[cryptodude]

Introducing new people to Bitcoin is not a bad idea. If a complete new person is asked to receive Bitcoin, he must be helped with the right information and explained how to store it.
But many times after asking someone close to him to accept bitcoins if he accepts bitcoins and for some reason loses these bitcoins or suffers losses while trading then the blame can often fall on you. So before investing you must explain everything to your friend in detail.

[rodskee]

Yes, I've seen how you managed to convince your friend to invest in bitcoin and finally, he agreed to invest as well. However, what I want to correct is that showing him the amount of bitcoin in your wallet will never be right, certainly not a wise move for you because you are giving him the hint to steal your bitcoin or hack your account in the future. You forgot to stay cautious on your investment just because of your goal to convince your friend.

From this, hopefully you will learn your lesson and will not do the same mistake again. Bitcoin is very precious that people can't resist it from stealing if there's any chance.

Showing the amount of Bitcoin he holds for a complete strangers , I call it stranger   because
they have not seeing each others for many years but instantly just for a single meet up he manage to do that.

I was thinking if he only owns super small amount of bitcoin that he does not care what will happen
or he is not knowledgeable at all about the possible bad things come to him not unless this is a made up story.

but what we wanted to establish here is that , do OP telling the truth ? because he stopped
collaborating here and not answering questions from here and there now.

[DYING_S0UL]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I understand that he may be your close friend, but what you did was a stupid move. You should always try to avoid showing your assets to others, not just with crypto but with all kinds of assets. Another thing is that you should tell him the risks involved with crypto in advance. So that he doesn't make mistakes. Also, you suggested the DCA method, but you should keep in mind that not everyone can effort it. One has to accumulate a certain amount of crypto on a weekly or monthly basis without stopping. Not everyone has the funds to keep doing that. So you should teach everything in detail first.

[Richbased]

OP From your explanation it's obvious that you both were very close before he traveled and you only knew him too well while he was still around with you but for the fact that he's been out of sight and communication with you for that long interval of time means that you no longer know his activities like if he is still same way he was before he traveled so for me I think it wasn't necessary for you to show him your Bitcoin holdings as a way of convincing him to also invest in Bitcoin just same way you did.

It's not a wise decision for you to expose your holdings simply because you want to persuade someone be it someone you trust or not and it is important you also keep away your bitcoin holdings from anyone. Moreover, don't ever try to convince people by telling them or showing them your bitcoin hodling as the security and protection of your assets should be of high level of priority to you.

[Churchillvv]

Well, for me, I will not be in a haste to tell my friend anything yet because I'm still a newbie to bitcoin, so I don't get stuck with bitcoin-related questions when he or she gets curious and starts asking too much.

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

For me, it's not a wise idea. No matter how pressing it is for me to prove to a friend how successful I have been in Bitcoin, it won't get to the point of showing my accumulation.

Although it's hard to convince some people to do something these days, you have to show them that you have benefited from it. Well, I'm not a party to introducing my friends to Bitcoin yet until I am well acquainted with Bitcoin knowledge. Though I have been here and have learned a little, it's still not enough.

[DabsPoorVersion]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

For me, it's not a wise idea. No matter how pressing it is for me to prove to a friend how successful I have been in Bitcoin, it won't get to the point of showing my accumulation.

Although it's hard to convince some people to do something these days, you have to show them that you have benefited from it. Well, I'm not a party to introducing my friends to Bitcoin yet until I am well acquainted with Bitcoin knowledge. Though I have been here and have learned a little, it's still not enough.

Perhaps OP feels at ease with his old friend and may even feel comfortable disclosing the amount of his investments. Even if some other people commonly do this, it is an unnecessary action that any investor should avoid. Every investment we make should be considered confidential. Revealing the amount of money we invested or the amount of profit we gained from our investment is not advisable.

It can be helpful to share the amount you've invested in Bitcoin with others to encourage them to invest as well. However, keep in mind that this information is confidential and it's up to them to decide whether or not to invest after hearing your explanation about Bitcoin. Showing your investment is totally unnecessary.

[Agbamoni]

For me, it's not a wise idea. No matter how pressing it is for me to prove to a friend how successful I have been in Bitcoin, it won't get to the point of showing my accumulation.

I understand the level of happiness and excitement that OP has to see an old friend after so many years. And this has made them to go into a serious discussion that led them to share their experiences and how they are surviving since they are of age now. Am trying to relate it to my own experience. Perhaps OP's friend has shared how own experiences and what he does to make money over there, that is why OP feels the need to share his own as well and he took it extreme that he almost told his friend how much he had in his bitcoin portfolio.

Although, it is not advisable to allow happiness to make us unleash our identities. There are things we keep privately, and our Bitcoin portfolio is one of those things. Influence of drugs and alcohol can make us say things we don't want to say. That is why avoid them so i won't make mistake i would regret later.

Now i am not saying i do not trust my friend. But if had a friend like OP, i won't tell him what i have in portfolio. This is because his said friend had been away for a long time and so he might have change positively or negatively of which it will take some time for me to build trust back. Since i do not know his current behavior and character ever since he left. I will study him first before i can disclose little about myself. Yes, i can teach him bitcoin if he is interested but i won't show him portfolio to prove any point.

Although it's hard to convince some people to do something these days, you have to show them that you have benefited from it. Well, I'm not a party to introducing my friends to Bitcoin yet until I am well acquainted with Bitcoin knowledge. Though I have been here and have learned a little, it's still not enough.

Your right, people prefer testimonials to believe you are telling the truth and also to prove that a particular system works. Most of these testimonials are fake and framed up but since they have seen that they will believe. This is the same reason why i always conclude that to lure someone to do something is so easy all you have to do is to prove to the person. Individuals with lack of information's and exploration to digital society can be easily deceived to do anything the i introduced them to on the internet. as long as you show them some successful pictures to convince them. And that is why so many of them fall for scams.

A better way to teach or share Bitcoin knowledge to a friend or relative is to show them how it works, provide video and documented resources for them to learn, provide FAQs for them so that they can understand while learning. Now this strategy would make them to have conviction on their own. So that when they start, they will be a true believer and not someone who was convinced because of the success stories and promises showed to them.

[reagansimms]

There are too many unnecessary words written here which makes those who read it feel bored. The essence of the topic lies at the end of the topic, I'm not too sure the member who left the post here read all the contents in the Op, but I tried to read it to find out what the core content of this topic is.

Introducing Bitcoin to a friend is certainly a very good issue, especially since he is very interested after hearing all your stories about Bitcoin. He needs to expand his knowledge of Bitcoin and keep his assets safe. Having the dream of getting 1 Btc is an inseparable part of Bitcoin investors, everyone who is involved in Bitcoin wants to get as much Bitcoin as possible. It requires consistency in investment to reach the desired amount, DCA is one of the most sensible ways to collect Bitcoin little by little.

Regarding the question at the end of the topic, as long as you trust his personality, it doesn't matter if you show the amount of Bitcoin you collected as long as you don't show him the private key.

[Nrcewker]

Really felt great after seeing this post mate. You should definitely give investment advice to the people. I want to warn you that just give the advice, don’t force them to buy the coins. Just educate them about the benefits and they need to make the decision themselves whether to invest or not. You need to just show the trust in the coin and I am sure it won’t disappoint you.

[Smack That Ace]

Regarding the question at the end of the topic, as long as you trust his personality, it doesn't matter if you show the amount of Bitcoin you collected as long as you don't show him the private key.

Like many comments here, I think it was unwise and unnecessary for the OP to show his friend his bitcoin balance. What if OP's close friend tells someone else about the bitcoins OP is holding? I think OP didn't think about this situation so he hastily showed his friend his bitcoin balance.
As a bitcoin investor, I support the OP or everyone sharing bitcoin with those around them. But we should refrain from disclosing the amount of bitcoin we hold to others. That can cause dangers that we cannot predict because not everyone is a good person.

[Solokan]

Successfully introducing bitcoin to friends is certainly a good thing because that way more people will invest in bitcoin and of course many people will be able to experience the benefits of investing in btc. teaching the dca system is a good thing and indeed the DCA system is a good way to collect BTC and many people always use the DCA system because by doing DCA we have the potential to gain profits in the future because we will routinely collect btc every week or every month and Finally our number of BTC becomes large

but in my opinion if you show the number of bitcoins you have to your friends, in my opinion it is not good because of course it has the potential to harm you because of course  have to be alert and of course safety and security must be prioritized, but of course now you have succeeded in inviting your friends and this is an achievement outstanding. and honestly getting someone to invest in BTC is of course very difficult because there are always many people who think BTC is a scam, but now you have done a good thing because you have explained BTC to your friends that BTC is good. assets for the future.

[Hamphser]

Regarding the question at the end of the topic, as long as you trust his personality, it doesn't matter if you show the amount of Bitcoin you collected as long as you don't show him the private key.

Like many comments here, I think it was unwise and unnecessary for the OP to show his friend his bitcoin balance. What if OP's close friend tells someone else about the bitcoins OP is holding? I think OP didn't think about this situation so he hastily showed his friend his bitcoin balance.
As a bitcoin investor, I support the OP or everyone sharing bitcoin with those around them. But we should refrain from disclosing the amount of bitcoin we hold to others. That can cause dangers that we cannot predict because not everyone is a good person.

Does depend because if the amount is really that something significant then it would really be normal that you would really be having doubts on letting it show even into your friend. We do know about the risks involved even if we do say that he's your close friend on which we know that when it comes to money then there's no such thing about being friend because money can change anyone everything.
This is why if you do hold up millions in usd then it would be a suicide on letting someone see your stash just because you are really just that aiming for them to know about Bitcoin or trying out to hook
them just to know about it. It wont really be that necessary on doing such thing on which you are really that putting yourself on such great danger when it comes on being abducted when someone
do knows that you are holding that much.

[anushkasachith888]

This what you have to say initially to your friend, they he or she should discover him/herself more about the bitcoin and blockchain technology
''Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for central authorities such as banks or governments. It was created in 2009 by an anonymous developer known as Satoshi Nakamoto. Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network. Transactions are authenticated through Bitcoin’s proof-of-work consensus mechanism, which rewards cryptocurrency miners for validating transactions. Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Bitcoin can be sent quickly and securely from any point in the world, and you only need an internet connection. Bitcoin’s price is determined by the free market, subject to supply and demand. There are many resources available to learn more about Bitcoin, including articles, videos, and beginner's 'guides''

[Ucy]

.......
.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Well, if you trust your friend, fine. It's never a good idea to show people that can't be trusted all your  private properties or everything you own.
And it's also not a good idea to have people invest in Bitcoin solely for the monetary reward, and without the necessary knowledge to succeed. It's a gamble as there is no gurantee of a big price increase even after the halving & no trading skill if the massive price increase doesn't happen. Couple of factors such as centralized fundamental, trying to use the wrong "energy" to power up the price, lack of interest from those with greater influence over the price, etc could weaken the anticipated price increase.

[taufik123]

Like many comments here, I think it was unwise and unnecessary for the OP to show his friend his bitcoin balance. What if OP's close friend tells someone else about the bitcoins OP is holding? I think OP didn't think about this situation so he hastily showed his friend his bitcoin balance.
As a bitcoin investor, I support the OP or everyone sharing bitcoin with those around them. But we should refrain from disclosing the amount of bitcoin we hold to others. That can cause dangers that we cannot predict because not everyone is a good person.

Yes, this concerns privacy issues because it is very sensitive if you have to disclose the Bitcoin balance you have.
I also once told my friend about bitcoin and the technology in it, but I never told him the balance I had, because I was afraid that this would provoke others to know more and could even harm me.

Dangers that we cannot predict will lurk when many people know that we have a lot of bitcoin assets and other crypto assets.
It is better to focus on introducing Bitcoin and avoid to show off the assets we have.

[Luzin]

Yes, this concerns privacy issues because it is very sensitive if you have to disclose the Bitcoin balance you have.
I also once told my friend about bitcoin and the technology in it, but I never told him the balance I had, because I was afraid that this would provoke others to know more and could even harm me.

Dangers that we cannot predict will lurk when many people know that we have a lot of bitcoin assets and other crypto assets.
It is better to focus on introducing Bitcoin and avoid to show off the assets we have.

Many people are interested in Bitcoin because of its value. So many people want to know about Bitcoin only because it can make them a lot of money. Very few people are serious about technology and its development. That's a true fact because most of the people who ask me mostly about how to own bitcoin and increase the amount.
Of course it is a big risk if you have a lot of assets. I agree with you don't show assets. That will be better, because you will feel more comfortable. There are not many big risks that could be present for you. Only people who have special goals show off assets. Usually people showing off want to create an attraction so that people will be interested in joining and we (the people showing off) will benefit.

[AnonBitCoiner]

Bitcoin is cash. If your friends know how much money you collect, your source of income, and where you keep the money, they will know how much Bitcoin you keep, but it is better not to do that because if it is stolen, it may occur to you that your friends are the ones who did it.
A beautiful story, but I do not advise anyone to make a decision to invest in something because my friend told me about the subject in a session that did not exceed an hour. It is better to research in depth before thinking about investing.

Yes these type of information should be keep save because we cannot trust our friends easily and in present age everyone is so cruel that they never think about anyone. I know some friends are sincere but when the matter is about money then they never think about each other.

If we are sharing the information about investment to others then we should be mentally prepared for blaming because if unfortunately they don't win they will blame you for such act and will also wants to recover money from you. I think we should keep our success as a secret and if someone ask for help then help them otherwise we should not share our successful path especially bitcoin investment and about salaries with others.

[0t3p0t]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Yes it is as long as your friend knows the risks involved in cryptocurrency. I actually did this once and my cousin also bought like $10 worth of Bitcoin way back 2018. I told him about the risks and yeah there's no update about his holding til now. Maybe he lost his keys again or he's carried away by gambling and at the same time as a student.

[virasog]

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. 

[Yatsan]

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. 

Both points are valid; introducing Bitcoin to other people has both negative and positive sides. Positive side is giving them an investment opportunity which could obviously give them profit. Negative is how will they view that opportunity; many people are still misinformed of how volatility and this industry works. Some see this as an easy way to earn profit while some sees it as a ponzi scheme. Given that new ones are often having no idea of how things are really doing, you will be somehow responsible of the result of their journey. I experienced it before; I shared my knowledge about this technology to a friend and unfortunately it did not go well. He disregarded the risk and just focused with the profit potential which lead him to loss.

However, despite of the negative tendencies on sharing the idea of this technology, this is not to close the doors for non-crypto investors. We just have to be picky of who would we be sharing about it 'coz not all people will view it the way we see it. Choose only those who will also invest time learning things and not those who are just into spoonfeeding acts.

[Smack That Ace]

Yes, this concerns privacy issues because it is very sensitive if you have to disclose the Bitcoin balance you have.
I also once told my friend about bitcoin and the technology in it, but I never told him the balance I had, because I was afraid that this would provoke others to know more and could even harm me.

Dangers that we cannot predict will lurk when many people know that we have a lot of bitcoin assets and other crypto assets.
It is better to focus on introducing Bitcoin and avoid to show off the assets we have.

Many people are interested in Bitcoin because of its value. So many people want to know about Bitcoin only because it can make them a lot of money. Very few people are serious about technology and its development. That's a true fact because most of the people who ask me mostly about how to own bitcoin and increase the amount.
Of course it is a big risk if you have a lot of assets. I agree with you don't show assets. That will be better, because you will feel more comfortable. There are not many big risks that could be present for you. Only people who have special goals show off assets. Usually people showing off want to create an attraction so that people will be interested in joining and we (the people showing off) will benefit.

I agree with your thoughts, most people, including ourselves, only care about the profits that bitcoin will bring rather than focusing on the technology that bitcoin brings. I believe that if bitcoin was stable and not very profitable, even if it had superior technology, it would not receive as much attention as it does today.

Regarding letting others see my account balance, other than my wife and mother who I trust the most, I don't want to share it with anyone. Furthermore, when we introduce bitcoin to our friends, neighbors...we are giving them an opportunity and it is up to them whether they take it or not. We don't need to risk convincing someone to get into bitcoin.

[khiholangkang]

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. 

I in the past month convinced two of my friends to invest in bitcoin, but I haven't had time to explain the technology and advantages of bitcoin to my two friends but they were immediately interested after seeing the development of my bitcoin portfolio which has increased significantly because I made my bitcoin purchases from the beginning of 2023, I think to explain the technology they will find out more enthusiastically when they have invested in bitcoin, like me before, when I bought I was more interested in reviewing what I bought, unlike I haven't bought, I will be more apathetic about things I don't have.

But it is difficult when explaining the technology to attract someone to invest, they are usually more interested in what allows them to benefit.

[criptoevangelista]

Look, account balances can attract a lot of bad people, you've been away from that person for a long time and people change.

Always be extremely careful when showing something about bitcoins and high values to someone in person, there are a lot of bad people out there who are stealing, kidnapping and killing for money.

Teach him how to do it and explain the fundamentals, be his mentor if he is interested, but never show your values, always say that you have very little.

[Blitzboy]

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. 

Both points are valid; introducing Bitcoin to other people has both negative and positive sides. Positive side is giving them an investment opportunity which could obviously give them profit. Negative is how will they view that opportunity; many people are still misinformed of how volatility and this industry works. Some see this as an easy way to earn profit while some sees it as a ponzi scheme. Given that new ones are often having no idea of how things are really doing, you will be somehow responsible of the result of their journey. I experienced it before; I shared my knowledge about this technology to a friend and unfortunately it did not go well. He disregarded the risk and just focused with the profit potential which lead him to loss.

However, despite of the negative tendencies on sharing the idea of this technology, this is not to close the doors for non-crypto investors. We just have to be picky of who would we be sharing about it 'coz not all people will view it the way we see it. Choose only those who will also invest time learning things and not those who are just into spoonfeeding acts.

Newcomers to Bitcoin face a risk-reward balance. I've always believed great potential brings enormous responsibility. Its vital to depict this tumultuous landscape's peaks and dips realistically. I've seen too many blindly jump for rewards and end up in trouble.

I prefer a balanced approach. I agree that we should be choosy about who we educate about Bitcoin, but we shouldnt gatekeep. Knowledge is powerful. My strategy has always been education first, profit second. I advise beginners to study blockchain technology, market trends, and fundamentals. Thus, they may make informed decisions rather than seek immediate riches.

I think its about building a community of knowledgeable enthusiasts, not simply investors. We empower people by promoting study and awareness of Bitcoin.

[kotajikikox]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you have acted aggressively when you can have more time together since you have not seen each other for long time , there are so much time to introduce bitcoin and also showing your wallet that instant?
is this a true story or just a made one? sorry but this sounds truly a made up story for me because all the details are seemingly a book type one.

[Marvell1]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you have acted aggressively when you can have more time together since you have not seen each other for long time , there are so much time to introduce bitcoin and also showing your wallet that instant?
is this a true story or just a made one? sorry but this sounds truly a made up story for me because all the details are seemingly a book type one.

I don't even believe these two are best friends because if they really are, then why haven't they been in touch in a while when we already have social media and can connect with each other easily? Moreover, they had not seen each other nor talked for such a long time, they would have more to reminisce than to rush to talk about bitcoin or any investment. Furthermore, if I were the OP's friend, I wouldn't be so quick to believe what the OP says and invest in bitcoin without doing any research.
I agree with your suspicion, the story sounds more fabricated than a true story.

[Pikachi42]

I might not be wrong if I compare Bitcoin to business. In trading, the price of a product is not always the same, the trader has to buy and sell according to the price of the product so that he does not face loss. With that in mind, I liken Bitcoin to business. Bitcoin goes up/down in value just like a trading commodity. Which will expose you to both profit and loss.Since your friend told you about the profit of Bitcoin, the formula should have also highlighted the downside. There are both pros and cons to investing in buying and selling Bitcoins.
One more thing, it is very important to be careful about your wealth. Otherwise you may face a great danger.

[DeathAngel]

Every noob you manage to Orange Pill is a win against the corrupt, rigged fiat system. Your friend has made a very good decision to start stacking sats. I always try to get people onboard the Bitcoin train. Well done OP, keep up your recruitment drive. There are still many in need of our financial help.

[Rockstarguy]

Look, account balances can attract a lot of bad people, you've been away from that person for a long time and people change.

Always be extremely careful when showing something about bitcoins and high values to someone in person, there are a lot of bad people out there who are stealing, kidnapping and killing for money.

Teach him how to do it and explain the fundamentals, be his mentor if he is interested, but never show your values, always say that you have very little.

When we talk about securing in bitcoin people just think it is just about keeping the seedphrase safe, but security in bitcoin also means not allowing other people to know how much bitcoin you have in your wallet is a big risk that can lead to lose because you can really predict what will be the next plan of what will take place with the people around us. For securing your bitcoin well you don't need to tell announce to people how much of bitcoin you have. You can still tell people about bitcoin  making them to understand very well without letting them to know how much of bitcoin you have in your wallet.

[God bless u]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you have acted aggressively when you can have more time together since you have not seen each other for long time , there are so much time to introduce bitcoin and also showing your wallet that instant?
is this a true story or just a made one? sorry but this sounds truly a made up story for me because all the details are seemingly a book type one.

I think it is not right to assume that anything someone saying is nothing but a made up story. there are times in our life when we find something really amazing. and we can't wait to share that information with someone else. we can't contain our excitement and tell someone as soon as we meet. so maybe OP was going through that phase.
But OP didn't share his wallet yet. he was asking if he should have done that or not. and everyone gave him some valuable advices.
I hope he reads us and stay vigilant about his Wallet.

[AnonBitCoiner]

Look, account balances can attract a lot of bad people, you've been away from that person for a long time and people change.

Always be extremely careful when showing something about bitcoins and high values to someone in person, there are a lot of bad people out there who are stealing, kidnapping and killing for money.

Teach him how to do it and explain the fundamentals, be his mentor if he is interested, but never show your values, always say that you have very little.

Now a days your good act can become a cause of hazardous situations for you and even people cannot show their own money to others because every other person is in struggle to steal your money by hurting you. If someone is willing of sharing knowledge of bitcoin then I think online method will be more suitable but if you show you balance too then it means that you are increasing your enemies in this world.

Now a days people are saying that they have no money even they have millions in their banks or crypto investment but the reason behind their lie is that they don't want to make enemies and they are not putting themselves into troublesome condition.

[milewilda]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

you have acted aggressively when you can have more time together since you have not seen each other for long time , there are so much time to introduce bitcoin and also showing your wallet that instant?
is this a true story or just a made one? sorry but this sounds truly a made up story for me because all the details are seemingly a book type one.

I think it is not right to assume that anything someone saying is nothing but a made up story. there are times in our life when we find something really amazing. and we can't wait to share that information with someone else. we can't contain our excitement and tell someone as soon as we meet. so maybe OP was going through that phase.
But OP didn't share his wallet yet. he was asking if he should have done that or not. and everyone gave him some valuable advices.
I hope he reads us and stay vigilant about his Wallet.

Human emotions could really be sometimes that leads up into those non good decisions specially if it do really exposes out something that in connected with privacy on which this is something that would really be that totally dangerous or something risky. This is why it would be always best that we should really be watchful on the things that we are really that deciding with. Its not really that bad to introduce Bitcoin to someone but it wouldnt really be that suggestable that you should really be showing off with your Bitcoin holdings. You are really just that putting yourself on such potential trouble since not all people would really be that something to be loyal and the rest would really be completely be changed up on the time they do see big money.

Its better to be safe that sorry and this is something that you should really be having in mind that you should really be that careful on the things that you are sharing up into.
Its not really necessary for you to show up everything because a simple link online that would be leading into those basic learnings and principles on what Bitcoin is should be enough or should suffice.
There are really just that those people who are really that not to mindful sometimes into their actions which they arent aware that they are really that putting themselves
at huge potential trouble.

[justdimin]

Like many comments here, I think it was unwise and unnecessary for the OP to show his friend his bitcoin balance. What if OP's close friend tells someone else about the bitcoins OP is holding? I think OP didn't think about this situation so he hastily showed his friend his bitcoin balance.
As a bitcoin investor, I support the OP or everyone sharing bitcoin with those around them. But we should refrain from disclosing the amount of bitcoin we hold to others. That can cause dangers that we cannot predict because not everyone is a good person.

Yeah, that is definitely a big risk, there is really no need to share how much money you have with anyone, I mean I could because I do not have much lol, nobody would take any risk to steal my few dollars lol, but if you have a lot then you should try to avoid that.

In fact, I always thought how rich people live, because some people we know are rich, like Elon Musk is rich for example, how are they always so healthy and not getting any attacks, we do not even hear about it, we do not even hear that they are getting attacked by anyone, and that's the biggest name, there are smaller names with a few million or even few hundred thousand as well, which makes it tempting for bad people to do something. That must be the worst part about being rich.

[Victorik]

I am sure you didnt do it to show off, and that to me isn't a big deal.
The intent I believe is to encourage him to invest in BTC which seems to have worked.
I don't think someone can steal your BTC just by showing them the size of your portfolio. If they don't have access to your wallet, the best they can do I believe is to become envious, that's all.

[Dimitri94]

One of the biggest advantages of using Bitcoin among cryptocurrencies is that Bitcoin allows for anonymous use. The benefits that are available in financial transactions are not possible in any other medium. But if you share it with your friend, you will lose the unique anonymity that is the main feature of Bitcoin. Moreover, personal safety should also be known. You can also convince your friend in other ways without giving your own information. You can use various strategies to convince him but should not show your wallet.

[someone703]

Flashing your Bitcoin like a flashy sports car might be tempting in the heat of the moment, but it's a risky game to play. Security and discretion are the holy grail of crypto, and one careless move can leave you feeling like you just walked through a minefield blindfolded.

While your intentions were pure – wanting to convince your friend about Bitcoin's legitimacy – revealing your holdings was like tossing a juicy steak in front of a hungry wolf. It's understandable, the excitement can be contagious, but remember, not everyone shares the same level of trust or understanding about this new world.

Even the closest friends can be tempted by the allure of quick riches, especially when it's staring them right in the digital wallet. It's not about questioning their loyalty, but about recognizing that greed and desperation can cloud even the clearest minds.

[Viscore]

I can really say that you have succeeded introducing to  your friend about bitcoin and learn from it and eventually invest on it. With just a short period, your friend had decided to invest immediately. But isn't it too fast for him to decide like that? Bitcoin is a risky investment so he should learn to analyze it well if he's willing to take the risk or just learn first and study bitcoin thoroughly until he thinks hey ready and capable enough to invest.

[DaNNy001]

It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else. 

Well I have tried showing but it seems almost everyone I opened bitcion up to was being reluctant and thinking it's a scam project where as I just took it as illiteracy for one to know about something and immediately already condemn the thing. The way bitcoin is moving at its rate of adoption it will be strange still seeing people try to think other although their is the media and the government whose sole aim is to tarnish the name of bitcoin there spreading negativity and this I believe can be a small factor that contribute to people thinking otherwise.

[boty]

I can really say that you have succeeded introducing to  your friend about bitcoin and learn from it and eventually invest on it. With just a short period, your friend had decided to invest immediately. But isn't it too fast for him to decide like that? Bitcoin is a risky investment so he should learn to analyze it well if he's willing to take the risk or just learn first and study bitcoin thoroughly until he thinks hey ready and capable enough to invest.

Everyone can invest in Bitcoin, of course they have to understand the risks of the investment they make and when they understand, of course they have made the decision to invest and of course they have to try it with a little capital so that when they make a mistake in investing they are still able to survive. in the investments they make.
What you say is very true, when someone decides to invest, they must study it thoroughly so that they don't make a mistake in deciding to invest which results in them losing the assets they own.

[Lorence.xD]

I can really say that you have succeeded introducing to  your friend about bitcoin and learn from it and eventually invest on it. With just a short period, your friend had decided to invest immediately. But isn't it too fast for him to decide like that? Bitcoin is a risky investment so he should learn to analyze it well if he's willing to take the risk or just learn first and study bitcoin thoroughly until he thinks hey ready and capable enough to invest.

Everyone can invest in Bitcoin, of course they have to understand the risks of the investment they make and when they understand, of course they have made the decision to invest and of course they have to try it with a little capital so that when they make a mistake in investing they are still able to survive. in the investments they make.
What you say is very true, when someone decides to invest, they must study it thoroughly so that they don't make a mistake in deciding to invest which results in them losing the assets they own.

There wouldn't be an issue to start investing to gather experience, but the thing is money is still money, you could still lose it in the process if you just take blindly invested in Bitcoin. Plus the fact that person just starting or a newbie experiencing too many losses would eventually quit and give up, so in short, it's much better to start of with attaining knowledge first and be familiarize then you could start with little amount to gather experience cause it would be better to start off in your trading or investing journey where you can lessen the risk with your knowledge.

[wallet4bitcoin]

It is like declaring your asset which I believe should be only for public office holders, in this case it does not look as if its a public job so I frankly do not see the need for it.

If you want to let him in as a friend and confidant then its ok but to show him your holding is a bit risky from a security stand point.  It is also not necessary as you are not trying to prove any point.

[bettercrypto]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

For me, that's not a wise decision. Let's assume that he listened to what you said to hold Bitcoin because of the upcoming bull run. Because of his trust and belief in what you said, he bought Bitcoin without knowing the idea or knowledge of it yet.

It's even better to say to ourselves that we are interested in what we want to know about something we don't yet know. So, I don't see that your friend really has an interest in learning about Bitcoin, because for me, if you have an interest in learning about Bitcoin and how it can really help us, it can be said that it is a wise decision for me.

But the one who just bought Bitcoin because of trust in you—that's not a wise decision. How come it was a wise decision to just buy Bitcoin but you didn't first have an interest in buying it because you really understood Bitcoin?

[angrybirdy]

It is like declaring your asset which I believe should be only for public office holders, in this case it does not look as if its a public job so I frankly do not see the need for it.

If you want to let him in as a friend and confidant then its ok but to show him your holding is a bit risky from a security stand point.  It is also not necessary as you are not trying to prove any point.

For me, when it comes to bitcoin hodlings, it should be confidential just like in your salary amount or savings because anything that you will share to other people possible will be using against you. I'm not a negative thinker type of person but I usually trust no one, even if you're my friend unless you're a part of my family. I realized that no matter how well you know someone, when it comes to a point where they are having a big problems financially, it's still possible for them to do something bad especially if they know you have such a large amount of investment or savings, they may come to you for a loan, rob you and worst is manipulating and cheat you.

[Tony116]

I can really say that you have succeeded introducing to  your friend about bitcoin and learn from it and eventually invest on it. With just a short period, your friend had decided to invest immediately. But isn't it too fast for him to decide like that? Bitcoin is a risky investment so he should learn to analyze it well if he's willing to take the risk or just learn first and study bitcoin thoroughly until he thinks hey ready and capable enough to invest.

A few days ago I also introduced bitcoin to a friend but I advised him not to rush to invest in bitcoin. I told him that he should research and learn more about everything about bitcoin before investing because it can bring him profit but can also make him lose. He needs to understand everything about bitcoin because he will be the one responsible for his decisions, not me. So, in OP's story, I really don't see OP being successful in rushing OP's friend to invest in bitcoin while that friend knows nothing about bitcoin other than the profits that OP told. What OP is doing is harming his friend, not helping his friend, and showing others his investment is another bad idea of OP.

[CageMabok]

It is like declaring your asset which I believe should be only for public office holders, in this case it does not look as if its a public job so I frankly do not see the need for it.

I also think that this is not necessary because introducing Bitcoin to friends is telling about knowledge and how to get it, not showing the number of Bitcoin assets that we have obtained so far. Because it's true, as you said, that part is not the most important thing to say, but if it's just knowledge and how to use it, I think that's the most important part to say to everyone and not just to a friend.

If you want to let him in as a friend and confidant then its ok but to show him your holding is a bit risky from a security stand point.  It is also not necessary as you are not trying to prove any point.

I also think that showing the ownership we already have is not the most important thing in inviting friends to know about Bitcoin, because what a friend needs is how to understand Bitcoin and how to use it when the friend already has Bitcoin. So it really has to be sorted out so that we don't make mistakes in teaching other people about what is important to tell and what is not important to tell.

[Kliss]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Actually,it was wise because teaching or explaining without practical examples and facts it will be difficult to understand and develop interest in what you're teaching so its better we show our benefits in what we teach others. How will someone who is poor guide you to be rich or someone who is rich guide on how to be rich, definitely you go with who has the quality of what he or she is teaching you.

[fuguebtc]

It is like declaring your asset which I believe should be only for public office holders, in this case it does not look as if its a public job so I frankly do not see the need for it.

If you want to let him in as a friend and confidant then its ok but to show him your holding is a bit risky from a security stand point.  It is also not necessary as you are not trying to prove any point.

For me, when it comes to bitcoin hodlings, it should be confidential just like in your salary amount or savings because anything that you will share to other people possible will be using against you. I'm not a negative thinker type of person but I usually trust no one, even if you're my friend unless you're a part of my family. I realized that no matter how well you know someone, when it comes to a point where they are having a big problems financially, it's still possible for them to do something bad especially if they know you have such a large amount of investment or savings, they may come to you for a loan, rob you and worst is manipulating and cheat you.

Bitcoins, savings books, bank account balances... all of these are not public under any circumstances. I don't see this as a negative thought and I'm the same as you . No matter how close friends we are, we are still not family and sometimes family members also have unreliable people, so there is no reason for us to easily trust people who are not our family .

To me, money can be said to be the most sensitive thing in our lives, it can bring us a happy life but can also create dangers for us . Therefore, sharing or revealing your assets to others is like putting yourself in danger .

[harapan]

You did something nice by  introducing bitcoin to your  friend because that's why bitcoin was introduced in the first place.
  But I'll rather say some things are better left unsaid,like you sharing your bitcoin networth information with your friend.If you intend to teach someone or introduce something to someone,you should ensure that the person has all the necessary guidance and awareness by keeping it simple because its crucial to approach him with an informative mindset.

*Introduce bitcoin
*Give examples
*Elucidate by using similar or related to the subject
*Explain why it matters
*Motivate him by showing its benefits and Advantage
 
You should be able to provide them with accurate,updated and authenticated information;whatever teaching method you want to used,but you should be responsible for educating your friend on the crypto basics.Make sure that you annouce to him the importance of doing thorough research and understanding the bitcoin properly but it's up to your friend to make his own decisions.

[Ale88]

So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

There are a few points that I'm not properly understanding in this story: you said you were paid $60 for 2 years of work? That means $2.5 per month, is that correct? And then you said that you "hodl such huge amount of Bitcoins" and your friend, who lives in the same country as you, without knowing anything about bitcoin immediately buys $520? I'm really having a hard time understanding your story, there are many useless details and missing info.

[GiftedMAN]

It is like declaring your asset which I believe should be only for public office holders, in this case it does not look as if its a public job so I frankly do not see the need for it.

If you want to let him in as a friend and confidant then its ok but to show him your holding is a bit risky from a security stand point.  It is also not necessary as you are not trying to prove any point.

Showing people the amount of Bitcoin you are holding just to convince them to invest in Bitcoin is not necessary, this is a matter of personal choice if we still feel like convincing the person with the amount of Bitcoin that we are holding. We don't have to show strangers the amount of Bitcoin we are holding because it can be very risky to us individually.
We don't have to compel people because we want them to invest in Bitcoin. There is risky too that they need to understand about Bitcoin and cryptocurrency at large. This is one of the reasons why we don't have to see it as a must for someone to become an investor. There are so many ways we can do this apart from showing people our holdings.

[Hamphser]

I can really say that you have succeeded introducing to  your friend about bitcoin and learn from it and eventually invest on it. With just a short period, your friend had decided to invest immediately. But isn't it too fast for him to decide like that? Bitcoin is a risky investment so he should learn to analyze it well if he's willing to take the risk or just learn first and study bitcoin thoroughly until he thinks hey ready and capable enough to invest.

Everyone can invest in Bitcoin, of course they have to understand the risks of the investment they make and when they understand, of course they have made the decision to invest and of course they have to try it with a little capital so that when they make a mistake in investing they are still able to survive. in the investments they make.
What you say is very true, when someone decides to invest, they must study it thoroughly so that they don't make a mistake in deciding to invest which results in them losing the assets they own.

There wouldn't be an issue to start investing to gather experience, but the thing is money is still money, you could still lose it in the process if you just take blindly invested in Bitcoin. Plus the fact that person just starting or a newbie experiencing too many losses would eventually quit and give up, so in short, it's much better to start of with attaining knowledge first and be familiarize then you could start with little amount to gather experience cause it would be better to start off in your trading or investing journey where you can lessen the risk with your knowledge.

This is why on the time that you do make out some introductions then it would be better that you should really be at least making yourself that be responsible on telling on what are the cons or the risks involved
on the time that you do step your foot into this market on which its never been that an easy money making thing but also it could potentially give out that kind of risks when it comes on losing money too.
Its good that you would really be having those introductions about Bitcoin into someone on which it is really that at least spreading out that kind of awareness when it comes to its existence
which we do know that its good but on personal perspective then it would be just needed or normal for you to learn even with to those basic principles and risks handling.

[KennyR]

From the story, I feel like the two friends were from a third-world country, and one had experience learning in Canada. According to my understanding, the person who is studying in Canada and is back home for vacation or some other purpose could've known much about bitcoin, but he hadn't shown interest. Looking at the bitcoin the friend has in his wallet, he could've gotten interest and started to accumulate. As a result, an investment of $520 in bitcoin was made. According to me, being in Canada and not exposed to bitcoin is difficult, so this is just a story.

[Renampun]

Bitcoin is something that people who really want to invest in the future cannot refuse, but remember that there are still many people out there who invest in Bitcoin just because they want to get rich in one night, I always tell my friends that investing in Bitcoin is not as easy as you think, but it's also not as difficult as you imagine.
As long as you introduce Bitcoin to your friend, you are obliged to give a brief - concise - clear lesson about Bitcoin to your friend so that he can choose which exchange is the best - which is a personal wallet that is comfortable for long-term Bitcoin storage.
keep monitoring your friend so that he doesn't make a mistake because there are many cases where beginner bitcoin investors send their bitcoins to the wrong address or store their bitcoins in fraudulent wallets.

[Furious 7]

I can really say that you have succeeded introducing to  your friend about bitcoin and learn from it and eventually invest on it. With just a short period, your friend had decided to invest immediately. But isn't it too fast for him to decide like that? Bitcoin is a risky investment so he should learn to analyze it well if he's willing to take the risk or just learn first and study bitcoin thoroughly until he thinks hey ready and capable enough to invest.

Everyone can invest in Bitcoin, of course they have to understand the risks of the investment they make and when they understand, of course they have made the decision to invest and of course they have to try it with a little capital so that when they make a mistake in investing they are still able to survive. in the investments they make.
What you say is very true, when someone decides to invest, they must study it thoroughly so that they don't make a mistake in deciding to invest which results in them losing the assets they own.

This is the problem. Everyone can invest in bitcoin but not everyone can understand the risks that he still has to bear in investing in bitcoin especially for new people because sometimes everyone only sees the benefits first (positive side) but does not think about the worst possibilities that occur as if it were forgotten even though it is one of the most important things to realize from the start.
So we have often seen that there are many assumptions that bitcoin is a scam and a hoax because their great expectations at the beginning were not accompanied by learning and not recognizing the risks that are actually very large when in bitcoin without any preparation.
I am happy and appreciate those who always teach bitcoin to new people because of course it is not an easy thing because apart from being required to provide great understanding on the other hand they must also continue to try to control the wild thoughts of the people they teach bitcoin.

[Maniagazuri]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I think that all this your write-up is just a mere imagination, you said you showed him your wallet and he sees the amount of Bitcoin you have accumulated with just 60usd as salary and why are you asking again maybe it is safe to show him your wallet which you've already did?

[Wiwo]

First I don't believe this story, and secondly I see this thread as unnecessary, and if the thread is anything of truth to go by and you which for my advice, I will say that telling people about bitcoin and the forum is not so wise a choice since by so doing you may be exposing your privacy and other things that may means alot to you in the long run, much more also you have to look out for the best safety position to enter the market just like when the best price for the friend to buy bitcoyand when to sell off

Since you already mentioned DCA approach as means of bitcoin accumulation, is good any ways since we expect to see a major price increase before the halven circle that is expected.

[gabbie2010]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Showing him your accumulated Bitcoin in your wallet does change his orientation about Bitcoin and  what matter most was your ability to convince him which yielded a positive outcome of course showing him your wallet is a practical example which had demonstrated the aspect that investment in Bitcoin is real and possibly he would also other people his wallet too, you did a good publicity about Bitcoin to your friend consequently another new investor is welcome on  board gradually Bitcoin adoption is growing and I believe when your friend get back to Canada he would also encourage his close associates or family members to invest in Bitcoin

[Assface16678]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Showing him your accumulated Bitcoin in your wallet does change his orientation about Bitcoin and  what matter most was your ability to convince him which yielded a positive outcome of course showing him your wallet is a practical example which had demonstrated the aspect that investment in Bitcoin is real and possibly he would also other people his wallet too, you did a good publicity about Bitcoin to your friend consequently another new investor is welcome on  board gradually Bitcoin adoption is growing and I believe when your friend get back to Canada he would also encourage his close associates or family members to invest in Bitcoin

.Although the OP's intention is pure, about introducing bitcoin to his colleague and inviting him to invest as it is proven to be profitable by showing his own wallet, but I see downside here, he will give hunger to its colleague hunger in a sense that if that person starts to invest in bitcoin and will have a question in mind "why he can earn something like that, while I cannot?" This will give frustration to that person as he sees the huger profit of his colleague, it could go wrong that's why I also not happy that the OP needs to show his wallet, you could just said that it is profitable or such, you didn't have to show it to him as it could give him a different meaning, now that you've influenced him to bitcoin or crypto then its your responsibility to check on him once in a while.

[Su-asa]

Telling people about Bitcoin 8s not a good plan, I have known that many Bitcoiners are a big target, so if you are telling someone about Bitcoin and the forum that shows that you are endangering your self and your assets.
Even if you do not have any Bitcoin now and you keep on telling people about Bitcoin and how it has help some people they might also think you have benefited from it, so keeping your crypto life secret from others is a good thing that you should learn.
If in any way your friend wantd to know about Bitcoin and he or she start investing, as you have not tell him about the risk that is involved in crypto currency, the person have not learn anything because all he will be thinking is that after buying Bitcoin the next thing his money will increase which is a pure lie.

[NicNacCoin]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Maybe it's smart because you no longer share your wallet seed phrase with your friends. It might not be wise if you were to share your wallet password. Like you, we may show our friends how much bitcoin we have accumulated. But anyway if your friend can invest one btc amount in the way you educated your friend about bitcoin and as told then your friend's next life will be very happy and peaceful.

[Fiasem20]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Introducing bitcoin to your friend isn't a bad thing.Like from what you said he knows you as a person that doesn't show concern for online stuff,so he was amazed when you introduced bitcoin to him.So you felt like showing him the amount of bitcoins you accumulate would make him develop interest it's okay to you because we all know that seeing is believing,some people you don't to have show them the bitcoins you accumulate only mere conversation can make some people develop interest while some won't believe till show them the bitcoins you've accumulated.Also it's risky to show people the bitcoin your hodling in your wallet.

[Vinaa77]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Maybe it's smart because you no longer share your wallet seed phrase with your friends. It might not be wise if you were to share your wallet password. Like you, we may show our friends how much bitcoin we have accumulated. But anyway if your friend can invest one btc amount in the way you educated your friend about bitcoin and as told then your friend's next life will be very happy and peaceful.

It is indeed very impossible to tell other people about the wallet seed phrase that we have and if we choose to show how much we have collected, I don't think it is a problem because this could be a motivation for them to be able to collect it if they really have interest in it. in this field and when they can do it well and achieve what they want, of course we will be proud of the achievements our friends have achieved.

[gunhell16]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Showing him your accumulated Bitcoin in your wallet does change his orientation about Bitcoin and  what matter most was your ability to convince him which yielded a positive outcome of course showing him your wallet is a practical example which had demonstrated the aspect that investment in Bitcoin is real and possibly he would also other people his wallet too, you did a good publicity about Bitcoin to your friend consequently another new investor is welcome on  board gradually Bitcoin adoption is growing and I believe when your friend get back to Canada he would also encourage his close associates or family members to invest in Bitcoin

.Although the OP's intention is pure, about introducing bitcoin to his colleague and inviting him to invest as it is proven to be profitable by showing his own wallet, but I see downside here, he will give hunger to its colleague hunger in a sense that if that person starts to invest in bitcoin and will have a question in mind "why he can earn something like that, while I cannot?" This will give frustration to that person as he sees the huger profit of his colleague, it could go wrong that's why I also not happy that the OP needs to show his wallet, you could just said that it is profitable or such, you didn't have to show it to him as it could give him a different meaning, now that you've influenced him to bitcoin or crypto then its your responsibility to check on him once in a while.

I prefer to keep it to myself and not tell or share it with others unless he shows interest that he wants to know about Bitcoin. Maybe in this scenario, I can still share, at least there is a reason for me to do that.

I'm going to share it because if they want to see what I saw in Bitcoin, even if we say that my motives are good, chances are high that in the end, I'll be the one to blame if they don't make money. After all, Bitcoin is for all investors who will believe in it, whether they know anything about it or not.

[Minor Miner]

Telling people about Bitcoin 8s not a good plan, I have known that many Bitcoiners are a big target, so if you are telling someone about Bitcoin and the forum that shows that you are endangering your self and your assets.
Even if you do not have any Bitcoin now and you keep on telling people about Bitcoin and how it has help some people they might also think you have benefited from it, so keeping your crypto life secret from others is a good thing that you should learn.
If in any way your friend wantd to know about Bitcoin and he or she start investing, as you have not tell him about the risk that is involved in crypto currency, the person have not learn anything because all he will be thinking is that after buying Bitcoin the next thing his money will increase which is a pure lie.

But if we don't share or promote bitcoin to others, how can bitcoin become popular? We will maintain our privacy by not sharing bitcoin with anyone, but we are doing our part in preventing bitcoin from becoming more popular. This is what I find contradictory when talking about bitcoin, many people want to become popular but are afraid to share bitcoin with others for fear of violating their privacy. So what is the solution to this problem? Similarly, once bitcoin becomes popular and becomes a currency, how will we maintain privacy?

[Nangiconference]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?
[/quote]
for you to entice him to invest, you need to show him the benefits as this is what will trigger him. The person who guided me when I was beginning had to show me his income which was my primary motivation. The essence do work or invest is the revenue to be generated. So it is wise for you to show him the amount of bitcoins you have accumulated.

[LastKiss]

~snip~
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Just show him how well Bitcoin performed in the last years, he will shocked when he sees the bitcoin trend from halving to another halving. You already contributed to the Bitcoin community because you have already succeded in introducing Bitcoin to your friend if you are able to guide him to start then it will be very nice for him. it's our job to those who have already been in this community for a long time to guide those who want to know Bitcoin more.

[Pierre 2]

I think its best not to talk about how many Bitcoins you have because life is dangerous and people may have bad intentions. I would only share that information with very close friends. Other than that, I think it's hard to explain bitcoin to people. I generally suggest to use some kind of visual method by setting up real wallet, sending real coins, using an exchange etc. People without financial background may have hard time understanding basics of Bitcoin. I would rather avoid them.

[Ever-young]

Telling people about Bitcoin 8s not a good plan, I have known that many Bitcoiners are a big target, so if you are telling someone about Bitcoin and the forum that shows that you are endangering your self and your assets.

Telling people about bitcoin I don’t see it as bad thing the only place it could be consider as a bad things is if the people don’t have interest in bitcoin but if I see those who have interest in bitcoin I can render them my knowledge tell them how it works and what they could expect from it.

The place where it’s bad is when you start telling people I hold this and I hold that of bitcoin which will bring eyes on you and you can fall into danger of losing them all as a result of being targeted by thefts, another way which I also see talking to others about bitcoin as bad thing is if they are not interested and you are trying to convince them to do what they don’t want to do and if they in anyway lose funds you will be the first person they will point finger on.

[Negotiation]

It may be that you did a lot of smart work, he didn't know anything about bitcoin. He may be intrigued by the success rate of your investment life will be bright if you can hold a really good coin for bitcoin investment for a long time. Nowadays many people try to find online jobs but can't find them. You may have many trusted friends that have introduced you to bitcoin but do not share your wallet personal information with anyone. Even if you are a good friend it is better not to show your bitcoin amount there is a lot of risk involved.

[Pikachi42]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

It is never wise to show your wealth to others, your friend has been away from you for a long time. You don't know what's going on in his mind. So, I think you shouldn't have shown him your bitcoins.

One more thing you said, you encouraged your friend about Bitcoin, but you should have told him about the disadvantages of Bitcoin. Because Bitcoin drains as much as it benefits.

[MFahad]

I think its best not to talk about how many Bitcoins you have because life is dangerous and people may have bad intentions. I would only share that information with very close friends. Other than that, I think it's hard to explain bitcoin to people. I generally suggest to use some kind of visual method by setting up real wallet, sending real coins, using an exchange etc. People without financial background may have hard time understanding basics of Bitcoin. I would rather avoid them.

I wouldn't even share such sensitive information with close friends. Why would you need to discuss your financial holdings with a friend no matter how close they are to you? You can't trust anyone in today's world, and even if it's not about trust, you don't need to do it in the first place. The only people who need to know about what you have and hold are your life partner or your children so that they can have and use what you have so that they don't go in vain when you are no more.
When it comes to teaching or educating people about Bitcoin or cryptocurrencies, I would simply tell them to watch some video or direct them to somewhere where they can read everything about it, and tell them to ask me if they find confusion in anything they watch or read. I would waste my time only on people that are living with me.

[Uhwuchukwu53]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

It's unwise to show  your details if truly willing what you told him should be enough to convince him
The level of insecurities once it comes to deal with money you need not to trust any body even if the person is biology because the influence on money can make person do what you don't expect. But if I may say you can show him let it be that you have seen the level be of interest he has towards it but everything must be done with wisdom and smartness.

[SeriouslyGiveaway]

I think it's normal for you to show him your Bitcoin, not a problem, unless you tell him your private key of your storage wallet . You are convincing him about buying and holding Bitcoin, so showing him whether you store Bitcoin or not is a proof of your persuasion. No one will believe you if you don't own any Bitcoin and always convince others to buy it, right? A little aside, your post is quite long, but I feel that many parts of it do not fit together, and the content you want to convey I think does not need to be written that long, that is my personal opinion.

[Xxmodded]

Bitcoin is not hype investment and not necessary to show our bitcoin accumulate to make other interested for investing in bitcoin, actually we don't get commission when asking the other for investing in bitcoin but educate as level your possibility is enough make your friend understand with bitcoin. Not good ideas pressure them have invest in bitcoin with your promising in the future bitcoin price will up drastically, better give educates two side of bitcoin not only about profitable but also potential loss investment with bitcoin when price dropping.

Appreciated with many people try to educate their friend, their people about advantage of bitcoin but are you imagine when most of them investing in bitcoin and price later drop? are them have ready with mentality pressure when bitcoin drop get panic for selling bitcoin or not.

[Blitzboy]

Telling people about Bitcoin 8s not a good plan, I have known that many Bitcoiners are a big target, so if you are telling someone about Bitcoin and the forum that shows that you are endangering your self and your assets.

Telling people about bitcoin I don’t see it as bad thing the only place it could be consider as a bad things is if the people don’t have interest in bitcoin but if I see those who have interest in bitcoin I can render them my knowledge tell them how it works and what they could expect from it.

The place where it’s bad is when you start telling people I hold this and I hold that of bitcoin which will bring eyes on you and you can fall into danger of losing them all as a result of being targeted by thefts, another way which I also see talking to others about bitcoin as bad thing is if they are not interested and you are trying to convince them to do what they don’t want to do and if they in anyway lose funds you will be the first person they will point finger on.

Im always happy to teach and guide them through cryptocurrency' maze of rewards and pitfalls.

However, your warning has personal resonance. I always believed in "speak little, act intelligently". I agree that discussing one's assets can draw attention and make one a target. Sharing enthusiasm while protecting privacy is tricky. Digital wealth safety is crucial.

Persuasion is a responsibility, I've realized. Bitcoin should be introduced gently to encourage curiosity rather than pressure. Sharing information and experiences, then allowing kids make their own decisions, is key. Bitcoin should be pursued out of interest and conviction, not coercion.

[HelliumZ]

......

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Thank you very much for giving detailed knowledge about Bitcoin to your friend because in this case your friend knew a lot about Bitcoin and invested in Bitcoin which played an important role in Bitcoin Adoption.
Your friend has no loss for investing in Bitcoin but in the current situation he should have made a lot of profit if he invested. Moreover, if your friend has invested in this correction and has planned with a long-term accumulation goal, then he will definitely get a lot of profit in the future.
Moreover, when your friend is very educated then he will not have any difficulty in gaining proper knowledge about Bitcoin. Many educated people are getting rich overnight by building a career on Bitcoin, if your friend can make a good career on Bitcoin, he will change the situation overnight.

[Crypt0Gore]

The amount of BTC you have accumulated is not concerning at all, for someone who just came back from another country, $500 isn't so big to make you unsafe but while you keep buying some bitcoin avoid showing it off to anyone, stop showing it to your friend as the wallet grows, there is always a limit where people can start getting jealous.

You are the one that don't always like anything online, just like a dear brother of mine, and till today he isn't confused yet that Bitcoin is worth a investment at least, your friend probably have heard about Bitcoin before, and such people can easily follow along, this dear brother of mine lost some money to online Ponzi and since then he vowed to never have anything to do with online again.

I will try to introduce Bitcoin to him again, maybe he won't turn me down this time around? Since the job he is working is too hard on him and to invest on anything is getting harder.

[ndutndut]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

Maybe it's smart because you no longer share your wallet seed phrase with your friends. It might not be wise if you were to share your wallet password. Like you, we may show our friends how much bitcoin we have accumulated. But anyway if your friend can invest one btc amount in the way you educated your friend about bitcoin and as told then your friend's next life will be very happy and peaceful.

Motivating friends to invest in bitcoin is a much better way. start teaching them about the benefits of bitcoin for the future, by introducing them to the history of bitcoin, both the history of the bitcoin price and what the bitcoin halving moment is. So that makes them interested in investing in Bitcoin. Showing your BTC investment amount to a friend may depend on you, if he is a close friend it is okay, this will increase his trust in Bitcoin. but if he is not a close friend, it is best not to show the amount of BTC in your wallet. Sharing seed phrases is a stupid act, especially with friends, it's better not to share them with anyone. Because it's not permissible to even share with friends with one of your family members, unless you really believe it 100%.

[Bloodseekers]

Motivating friends to invest in bitcoin is a much better way. start teaching them about the benefits of bitcoin for the future, by introducing them to the history of bitcoin, both the history of the bitcoin price and what the bitcoin halving moment is. So that makes them interested in investing in Bitcoin. Showing your BTC investment amount to a friend may depend on you, if he is a close friend it is okay, this will increase his trust in Bitcoin. but if he is not a close friend, it is best not to show the amount of BTC in your wallet. Sharing seed phrases is a stupid act, especially with friends, it's better not to share them with anyone. Because it's not permissible to even share with friends with one of your family members, unless you really believe it 100%.

If you can introduce investing to your friends about Bitcoin then this will really help them to be able to have good future investments. If they are interested in investing, you really have to guide them well so that your friends don't make mistakes in their recent investments they started.

Showing your friends the amount of Bitcoin that you have been able to collect will certainly be better, this will make them enthusiastic to immediately try as you have done to make a profit in investing.

That's right, it's impossible for us to share our seed phrases with anyone, even if they are our close friends, and we also have to remind them of this so that they don't share their seed phrases with anyone other than family they can trust.

[LesterD]

this dear brother of mine lost some money to online Ponzi and since then he vowed to never have anything to do with online again.

I will try to introduce Bitcoin to him again, maybe he won't turn me down this time around? Since the job he is working is too hard on him and to invest on anything is getting harder.

Build your confidence first. Once you feel confident in your ability to explain Bitcoin, you can try introducing it to your brother again. Confidently providing detailed information can make it easier for people to understand and make them interested, even if they may have had negative experiences with it in the past, such as your brother.

[Blitzboy]

Motivating friends to invest in bitcoin is a much better way. start teaching them about the benefits of bitcoin for the future, by introducing them to the history of bitcoin, both the history of the bitcoin price and what the bitcoin halving moment is. So that makes them interested in investing in Bitcoin. Showing your BTC investment amount to a friend may depend on you, if he is a close friend it is okay, this will increase his trust in Bitcoin. but if he is not a close friend, it is best not to show the amount of BTC in your wallet. Sharing seed phrases is a stupid act, especially with friends, it's better not to share them with anyone. Because it's not permissible to even share with friends with one of your family members, unless you really believe it 100%.

If you can introduce investing to your friends about Bitcoin then this will really help them to be able to have good future investments. If they are interested in investing, you really have to guide them well so that your friends don't make mistakes in their recent investments they started.

Showing your friends the amount of Bitcoin that you have been able to collect will certainly be better, this will make them enthusiastic to immediately try as you have done to make a profit in investing.

That's right, it's impossible for us to share our seed phrases with anyone, even if they are our close friends, and we also have to remind them of this so that they don't share their seed phrases with anyone other than family they can trust.

"If Im diving into these waters, Im bringing my crew with me." Isnt there a fine line? More than merely showing the improvements, guiding them requires preparing them for the ebbs and flows and teaching them its a marathon.

How about sharing my Bitcoin stack? It has two sides. It ignites that "I want in" moment. Its important to emphasize that this is their trip. Their route may differ from mine, and thats fine. Not only the destination, but the trip.

Now for the golden rule: seed phrases. I tell everyone, "Treat your seed phrase like the most valuable asset you own." Because it is. Not mistrust, but wise, secure behaviors. Remember that Bitcoin knowledge is as valuable as investment.

[EarnOnVictor]

this dear brother of mine lost some money to online Ponzi and since then he vowed to never have anything to do with online again.

I will try to introduce Bitcoin to him again, maybe he won't turn me down this time around? Since the job he is working is too hard on him and to invest on anything is getting harder.

Build your confidence first. Once you feel confident in your ability to explain Bitcoin, you can try introducing it to your brother again. Confidently providing detailed information can make it easier for people to understand and make them interested, even if they may have had negative experiences with it in the past, such as your brother.

I don't even think that it is as difficult as this, or should I say as important as this, you do not need one important skill for it, you should tell anyone what you need to tell them about Bitcoin as you want to naturally tell the person without any fear or some kind of feeling that is not of usual. We all know that Bitcoin speaks for itself, so if anyone wants to doubt you, the person can go elsewhere to confirm. Like me, if anyone introduced something to me today, I will give it about a week to investigate and search about it to establish the truth, and this has not failed me. So if the person they introduced Bitcoin to is also wise, I belieev such will investigate that to establish the truth about it.

And I know that such will always thank the person who introduced him to Bitcoin later as the coin will most likely not fail the person. Also, if the person doesn't yield, fine, that's his own cup of tea, but one thing I know is that he will surely regret it when he sees me later in the near future smiling at my bank account and online wallets.

Who cares! So it is better to be natural.

[Vaculin]

this dear brother of mine lost some money to online Ponzi and since then he vowed to never have anything to do with online again.

I will try to introduce Bitcoin to him again, maybe he won't turn me down this time around? Since the job he is working is too hard on him and to invest on anything is getting harder.

Build your confidence first. Once you feel confident in your ability to explain Bitcoin, you can try introducing it to your brother again. Confidently providing detailed information can make it easier for people to understand and make them interested, even if they may have had negative experiences with it in the past, such as your brother.

I don't even think that it is as difficult as this, or should I say as important as this, you do not need one important skill for it, you should tell anyone what you need to tell them about Bitcoin as you want to naturally tell the person without any fear or some kind of feeling that is not of usual. We all know that Bitcoin speaks for itself, so if anyone wants to doubt you, the person can go elsewhere to confirm. Like me, if anyone introduced something to me today, I will give it about a week to investigate and search about it to establish the truth, and this has not failed me. So if the person they introduced Bitcoin to is also wise, I belieev such will investigate that to establish the truth about it.

And I know that such will always thank the person who introduced him to Bitcoin later as the coin will most likely not fail the person. Also, if the person doesn't yield, fine, that's his own cup of tea, but one thing I know is that he will surely regret it when he sees me later in the near future smiling at my bank account and online wallets.

Who cares! So it is better to be natural.

If it is not always but most of the time people reject some opportunities shared by someone who is not looking good. Most people just believe when they see the results rather than believing on the things they never saw. Maybe, it was a common instinct by most but yes, we have to accept that only a few people would listen to us about crypto because in their mind it was scam and a big lie. That is what they heard from social media (scam) and news.

But I don't have any regret nor I feel hurt from their rejections, yes, they will soon see the result form our hard work and trust with Bitcoin. They will soon to get in touch and ask how?

[Rufsilf]

Telling people about Bitcoin 8s not a good plan, I have known that many Bitcoiners are a big target, so if you are telling someone about Bitcoin and the forum that shows that you are endangering your self and your assets.
Even if you do not have any Bitcoin now and you keep on telling people about Bitcoin and how it has help some people they might also think you have benefited from it, so keeping your crypto life secret from others is a good thing that you should learn.

I don't think it's a bad idea to tell others about bitcoin since I believe that doing so could help others find possible financial advantages. However, you should be careful who you disclose information to; maybe you can share it with your family, such as your siblings or kids, so that all of you can profit from it. However, in the same way that the OP did when he showed his friend the bitcoin he was holding, I don't think that was a good idea. After all, what if his friend had another friend who was also aware of bitcoin and had discussed the amount that the OP was holding in his wallet? If they were to carry out such a treacherous act, it could pose a threat to the OP.
However, I agree that we shouldn't disclose our personal Bitcoin involvement because doing so could make us the subject of scams or hacks. Therefore, I believe that in order to reduce any security threats, we should prefer to keep such information secret.

[bettercrypto]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I can't say that what you said and did was wrong. Maybe he just can't be called wise steps, because do you think if you didn't show the amount of your Bitcoin holdings, he would have an interest in Bitcoin? Chances are high that it will not be of interest.

That's why, when you showed him the amount of bitcoin you have in your wallet, he got so hyped that he might have thought that he could do it easily. But he didn't see the negative side that he could face in the future. I can even say that what you did was wise if you told him to do his own research on Bitcoin first and don't buy it first; instead, it is better that he buy it because he understands why he needs to have bitcoin. This is my opinion only.

[barisbilgili]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I can't say that what you said and did was wrong. Maybe he just can't be called wise steps, because do you think if you didn't show the amount of your Bitcoin holdings, he would have an interest in Bitcoin? Chances are high that it will not be of interest.

That's why, when you showed him the amount of bitcoin you have in your wallet, he got so hyped that he might have thought that he could do it easily. But he didn't see the negative side that he could face in the future. I can even say that what you did was wise if you told him to do his own research on Bitcoin first and don't buy it first; instead, it is better that he buy it because he understands why he needs to have bitcoin. This is my opinion only.

That's right, we have no right or cause for what happens to other people, or even the friends we invite or introduce Bitcoin to.
Everyone should be more observant in seeing things, to create motivation so that they can achieve profits like other people get, which is normal, but we cannot just do something without calculating it first.
And if something bad happens, no one should be blamed but yourself.

[Awaklara]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I can't say that what you said and did was wrong. Maybe he just can't be called wise steps, because do you think if you didn't show the amount of your Bitcoin holdings, he would have an interest in Bitcoin? Chances are high that it will not be of interest.

That's why, when you showed him the amount of bitcoin you have in your wallet, he got so hyped that he might have thought that he could do it easily. But he didn't see the negative side that he could face in the future. I can even say that what you did was wise if you told him to do his own research on Bitcoin first and don't buy it first; instead, it is better that he buy it because he understands why he needs to have bitcoin. This is my opinion only.

yes, it is the right step. Introducing Bitcoin to someone is not only about the profits and progress that can be obtained. But some risks must be understood.
telling the other person to learn for themselves and perhaps answer questions if he or she is having trouble is a good step. we are not salespeople to sell Bitcoin. the more people who understand Bitcoin would be good. then more and more people feel cheated by their ignorance about Bitcoin.

[eye-con]

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

 So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I can't say that what you said and did was wrong. Maybe he just can't be called wise steps, because do you think if you didn't show the amount of your Bitcoin holdings, he would have an interest in Bitcoin? Chances are high that it will not be of interest.

That's why, when you showed him the amount of bitcoin you have in your wallet, he got so hyped that he might have thought that he could do it easily. But he didn't see the negative side that he could face in the future. I can even say that what you did was wise if you told him to do his own research on Bitcoin first and don't buy it first; instead, it is better that he buy it because he understands why he needs to have bitcoin. This is my opinion only.

yes, it is the right step. Introducing Bitcoin to someone is not only about the profits and progress that can be obtained. But some risks must be understood.
telling the other person to learn for themselves and perhaps answer questions if he or she is having trouble is a good step. we are not salespeople to sell Bitcoin. the more people who understand Bitcoin would be good. then more and more people feel cheated by their ignorance about Bitcoin.

Many individuals tend to entice others into investing in Bitcoin by exaggerating the ease of earning from it. This approach makes it appear like a pyramid scheme. People must stop using such tactics since it often leads to a negative experience for investors. Once people invest, they often look for quick ways to earn from their investment, which typically results in disappointment in the end.

[Tipeform$]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I won't take your advice as bad because you showed your friend the bitcoin investment but you didn't show your friend your wallet seed phrase. My friend also showed me his investments but I never thought negative about him and he also did not keep any secrets from me. But your friend must be aware before investing that the seed phrase of the wallet he holds is very safe. It is not just about investing but also about securing investments. I want to know from you if you are active tell me if your friend invested like 1BTC? If your friend has invested one btc using DCA method then definitely tell your friend to wait till bull market.

[LesterD]

But I don't have any regret nor I feel hurt from their rejections, yes, they will soon see the result form our hard work and trust with Bitcoin. They will soon to get in touch and ask how?

It may not affect you, but rejection can be difficult for some. Many people avoid introducing Bitcoin to other people for this reason. Often, they fear being rejected because other people believe it is a scam. However, once those people see positive results from investing in Bitcoin, they become interested in learning how to invest.

[HideYourKeys]

My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

If you do this, you will lose your friend and your bitcoins.

Your friend is going to have a plan with some bad guys to attack you on the streets or break into your apartment at night, tie you up, gag you, torture you for three hours, threaten to kill you your family including your dog or cat, eat your food and then force you to send your bitcoin to a address. When you do, they'll disappear for ever. You'll lose so bad that you would never want to talk to anyone about bitcoin.

If you think that your innocent looking friend cannot perpetrate these things, read this  - Physical Bitcoin and Cryptocurrency Attacks that Have Been Reported Worldwide

This is quite scaring tbh, we definetely have to be more private when discussing the amount of bitcoin you have

[umbara ardian]

Revealing your Bitcoin stash to convince someone it's legit? I get the enthusiasm, but let's be real, flashing your digital coins can be a risky move. Your friend might be cool now, but money can twist even the best friendships faster than a Rubik's cube in the hands of a speedcuber. Privacy and security are like kryptonite to bad actors, and unfortunately, some folks see your crypto holdings as tempting targets. So, let's keep your financial Fort Knox under wraps, yeah?

So, promoting Bitcoin is awesome, but there are smarter ways to do it than playing show-and-tell with your wallet. Share articles, documentaries, podcasts – anything that educates others about the tech and potential of Bitcoin without revealing your personal info. Think of it like planting knowledge seeds instead of waving around money trees.

Talk market trends, pros and cons, the whole shebang. Just keep your own investments under wraps, like a ninja keeping their secret moves hidden. Remember, everyone's got different risk tolerances, so respect their journey and let them decide for themselves.

Security first, always. Strong passwords, two-factor authentication, the whole security kit and caboodle. Don't let anyone phish you or trick you into spilling your crypto beans.