Succeeded in introducing Bitcoin to a friend

[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.

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[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]

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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]

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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.