Succeeded in introducing Bitcoin to a friend

[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.