Succeeded in introducing Bitcoin to a friend

[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.