The attractiveness of Bitcoin among my friends

[EluguHcman]

Within some childhood and highschool friends, we have been actively connected through the social media groups.
So during the past weekend, we had a topic for the day tittled "Indicate your section of job or source of income so we could patronize each other".
Indeed it was great learning about lot of us venturing in meaningful and profitable basics but non ever mentioned Bitcoin.

So I indicated that I am a Bitcoin investor which I do not need their patronages based on the Bitcoin market structure. After much strategious plans of patronizing each other, my Bitcoin investment became the topic of the day were they all devoted interest to learn and be clarified about Bitcoin due to the fact I don't need their patronages .
Indeed everyone has always wanted a flexible kind of job that would be eased of stress after letting them know it is a digital investment.
I also told them to see the aspect of earning in the Bitcoin as investment that would be more benefitable if keying in for a long time goal as it is not a quick generating income as our labours and trading markets maybe.
Infact, I took the stage like the speaker of the day while indirectly my intention is to bring them into the industry.
Logically I never spoke of the risks involved because I expected them to ask what could be the risks involved because that would show some levels of their interests. It all happened as thought which I also cleared them up

After much about 5%-7% indicated "I am interested how do I start"?
Just in conclusion because it was a lengthy discussion I asked them to invest what is affordable to loose and keep to accumulate on the DCA with as much they can afford to loose while they acquires more knowledge about the Bitcoin market.
It is interesting to say even during the week, many are showing interest.
Meanwhile... many of them have heard of Bitcoin but never believed it is real while some were odd to it.

I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public but if I may ask in such case, how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?
Well, I do not also expect us to comfortably go out there and get exposed out of ignorance because it can as well be risky.

[bittraffic]

I've done the same on some forums where I participate as well. Doing it while still anonymous and besides Trump is already doing it for the crypto community.

And you're right about spreading the word, it is however risky if people are watching the discussions and people know you have BTC. The growing number of crimes related to crypto can be a threat but it's all up to you if you live in a place where crimes are common.

[bettercrypto]

One of the attractions of Bitcoin is that it is a digital currency that can be exchanged even in the country you are in, as long as there is a local exchange that also exchanges Bitcoin and cryptocurrency. The second is that it gives everyone the opportunity to prove that it can be a source of income.

Thirdly, it is a very effective long-term investment where, as long as it lasts, you will really experience future savings, let's say 5–10 years. Your bitcoin will surely have a great value if you can accumulate it even every month, let's say 50 dollars after 10 years.

[Jawhead999]

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

[darewaller]

I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public

It is no more a thing as long as your government has not not banned cryptocurrencies. Unlike a decade ago, now you can freely announce that you have bitcoin because now bitcoin is just another investment thing that you can have in your portfolio. In my country, now I am seeing every stock analysts started speaking about cryptos as part of their routine market analysis. Here, portfolio managers suggest to have bitcoin up to 10% of your total networth. It all means that mass adaption of cryptocurrencies is happening right now, so being a bitcoiner is no more an unique thing.

The growing number of crimes related to crypto can be a threat but it's all up to you if you live in a place where crimes are common.

Basic precautionary things are always recommended. In late 90's, ATM card holders were attacked in lonely streets and their cards were robbed. Such things are still happening but in less number compared to cyber attack and phishing. So, being careful in real life and online is always recommended and not just because of being a bitcoin (I agree that this is country specific and places where we live).

[milewilda]

I've done the same on some forums where I participate as well. Doing it while still anonymous and besides Trump is already doing it for the crypto community.

And you're right about spreading the word, it is however risky if people are watching the discussions and people know you have BTC. The growing number of crimes related to crypto can be a threat but it's all up to you if you live in a place where crimes are common.

One of the main things or lets say the single situation that i do really tend to avoid as much as possible is to let someone know that im involved with crypto neither having a Bitcoin or some coins. Even into my closest
friend or relatives on which i dont make myself that being exposed about on having some coins or dealing with crypto. You dont know on who would be the one to end up that kind of bad intent to you or
someone who do make out some curses just because they've seen you that you do have a good life or having that good financial state because of it. It would really be that normal that there will really be those
kind of questions on which it would really be talking on how did you do it? or into those questions on what are your secrets?

Its not really that bad on making some given direct links on what Bitcoin or crypto is on which you could point them there and tell them about on reading up with those things and learn up with the basics.
Just let them know about the risks involved but majority of noobs wont really be tending to care about it because they would really be coming after for the money and
wont be focusing too much about the risk involved and would really be directly making investment without thinking.

[pawel7777]

Do you consider investing in Bitcoin as your profession? If so, that's probably not a good place to be.
If you're not a day-trader, then investing shouldn't take more than a fraction of your time, so there's no real reason not to develop some useful skill(s) and expertise in other areas, preferably something that could bring you a steady income or find a decent job.
It was a common theme on various forums during previous pumps, where people who "made it" (aka made life-changing profits) complained that it didn't feel half as good as they expected and they felt inferior to their peers who became experts in their respective professions and had something to show for themselves despite having less money than said crypto investors.
Just thought to consider.

[Natalim]

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

[Mahanton]

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

They would really be pointing their fingers at you and would really be taking all the blame on the moment that they've seen their investment is on deep negatives. Im on such condition on which tons of my friends did ask
for handling out their money or would be making use for my trades since they do know that im dealing up with Bitcoin or cryptocurrencies on which they do believe that they could be able to generate that passive income
through me but i have rejected such offer and telling them that they are the ones who do make out such thing and invest for themselves. I did make or give up some guide about Bitcoin and tell them about the basics
and the most important thing is on the risks involved on dealing with crypto space. Im telling them that they shouldnt really be making themselves that too delusional because dealing up with crypt doesnt mean
that it would really be that an easy money.

Newbies would be normally be flocking out into things which they do seem that they could make easy money but without knowing the accompanied risks. They would really be making out those kind of realizations at the
moment that they will really be experienced on how fierce and unpredictable this market is.

[AmoreJaz]

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

Just don't forget a disclaimer that this type of investment is a very risky one and a volatile one. If you introduce this market to anyone, you should tell them the truth about this market as they may have high expectations about this investment. If you will clearly tell them about the repercussions on what may happen to their funds, and you have no control on this market, you won't be blamed. Because the movement here doesn't rely from anyone and no one knows, even those so-called experts.

[avp2306]

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

That’s exactly why I don’t want to raise about bitcoin investment and get them convinced to invest. Because no matter what they say, once their investments turn into losses, they will definitely put me held responsible of their losses even how many times I did warn them about the risk that involves in bitcoin investment. Friends can be good to you if they benefit from bitcoin, but if it turns out the other way, they will surely mock and curse you wishing they have not known bitcoin at all.

Just don't forget a disclaimer that this type of investment is a very risky one and a volatile one. If you introduce this market to anyone, you should tell them the truth about this market as they may have high expectations about this investment. If you will clearly tell them about the repercussions on what may happen to their funds, and you have no control on this market, you won't be blamed. Because the movement here doesn't rely from anyone and no one knows, even those so-called experts.

Disclaimer is always important since not everyone will easily understand that they have chance to lose their money, since there people became so greedy and if they lose they blame those people who teach them about bitcoin investment. That's why its important to warn them about those possible scams and other factors that needed to avoid so that they will not lose their money. After you said all necessary things which is important to look forward and they still got scam because they became greedy on those to good to be true offers then they can't blame us since we already warned them regarding on those matter.

We need to test out their emotion and tell every negative aspect about what they are trying to enter since if they still showing some interest then they are good candidate to teach about what we know about bitcoin.

[rodskee]

I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public but if I may ask in such case, how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?
Well, I do not also expect us to comfortably go out there and get exposed out of ignorance because it can as well be risky.

Looks like you are close to them and seems that you trusted them so who are we to
question your decision since that is your money and your own decision to make, and besides
many of us have done this in the past believing that our friends and relatives may enter and
deposit here as we don't wanted them to be left behind but yeah only few that take the action
and many of them just deny the chance.

[Dunamisx]

The first thing i expect that we all have to do when it comes to being amidst our contemporaries, we should learn to observe first before we make any move on introducing bitcoin to them, this will help us to have an idea on their approach towards it and if it will be an acceptable offer or not by the majority of the, the more reasons why you have discovered that many couldn't afford to tell others about what they do because they already know it will end into a mockery if they are not the kind that support for such.

[SamReomo]

I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public but if I may ask in such case, how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?

I don't know about those many guys but I think you haven't done anything wrong by doing that. I have also shared my Bitcoin and crypto investment with many members of my family and with my friends and I don't really care that how they consider my investment.

If they like the idea then they may get some interest in it and may also start investing on their own. I believe it's not worth it to hide your investment from your loved ones and from your friends who may also get interest in it after knowing that you invested in it.

I believe that's the best way to promote Bitcoin to those who don't know about it. If you are telling someone about your Bitcoin investment then you should also tell them about the risks of this type of investment and about the volatility of the market.

[Dave1]

I guess many of you guys here will hit on me that it was risk of me exposing my Bitcon investment to the public but if I may ask in such case, how do we expect to achieve the widely adoption of Bitcoin users if we keep acting ghost of it?
Well, I do not also expect us to comfortably go out there and get exposed out of ignorance because it can as well be risky.

If you talk to a few friends or family members, then that is good, at least you are giving them knowledge about Bitcoin and how potentially you can make money out of it by investing some today and then wait for at least a year and see how it goes for them. What we are afraid is talking about in public and someone hears it and then suspect that you are a bag holder of BTC and then followed and attack you personally.

But if you discuss to a few friends, I think you will be alright. And as you have said, you might help them and then at your own little way, you are giving Bitcoin to grow as some of your friends might be interested.

[el kaka22]

A lot of people will definitely be interested in it of course, there isn't really anything so wildly uninvestable about bitcoin and because of this there will be a lot of people who will want to invest as much as they possibly could to make this work, that doesn't mean that we are going to end up with nothing, I am just looking for a way to make it work one way or another, and that could definitely change things.

In the end, I feel like if you keep talking about it, of course others will want to join. I just don't do it because I feel like it is going to be quite difficult on the long run when the price falls and they are talking to you about when it will bounce back, I can't take that pressure and nagging in my life to deal with others.

[electronicash]

A lot of people will definitely be interested in it of course, there isn't really anything so wildly uninvestable about bitcoin and because of this there will be a lot of people who will want to invest as much as they possibly could to make this work, that doesn't mean that we are going to end up with nothing, I am just looking for a way to make it work one way or another, and that could definitely change things.

In the end, I feel like if you keep talking about it, of course others will want to join. I just don't do it because I feel like it is going to be quite difficult on the long run when the price falls and they are talking to you about when it will bounce back, I can't take that pressure and nagging in my life to deal with others.

not a good feeling when you are blamed for thier loss. the only people i have tried persuading to just put a little money on BTC are my immediate family my brothers and sisters but before i ever convince them, i even gave them BTC first because i don't want them to look at me like i'm trying to scam them.

i wanted them to learn the alternative which they can use the local BTC wallet to pay for what they can buy in some stores. and the advantage with BTC especially when they invest at the right time.

[Rockstarguy]

Logically I never spoke of the risks involved because I expected them to ask what could be the risks involved because that would show some levels of their interests. It all happened as thought which I also cleared them up

This is very common with beginners,  they always don't remember to ask about the risk in bitcoin,  they just feel so exacted about the profit that will be gained investing bitcoin.  It is good to let them know about the risk that is involved in bitcoin because beginner usually have a different mindset about bitcoin, it is better they have good understanding of bitcoin and not having a mentality of gaining quick profit in bitcoin.  Let them know the volatility of bitcoin, knowing all they need to know about Bitcoin will help them to make better decisions and not to have so much expectations from bitcoin.

[EluguHcman]

If they've multiply heard Bitcoin and didn't want to invest in Bitcoin, they just don't have 100% interest with Bitcoin.

Since you're their friends and they know you personally, if they know you're invest in Bitcoin, it will make them able put blame on you when something goes wrong. They might not blame in front of you, but they can blame and mock behind you especially when they're move on from Bitcoin and Bitcoin is currently in bear season.

Remember I did not preach to them to invest on Bitcoin with me, I only indicated that I am a Bitcoin investor and the fact I said I do not need their patronages attracted them to develop the interest of investing.

Here I quote.

I also told them to see the aspect of earning in the Bitcoin as investment that would be more benefitable if keying in for a long time goal as it is not a quick generating income as our labours and trading markets maybe

Likely, to those of us who holds their Bitcoin assets on the long run, we know the dividends and those my friends has also been whispered of the marketing strategies.
If all can not hold to the core while the period of accounting profits may come, there would be rest of them to hold and they will give the good testimony of it and leave others regreted.

Besides... I never adviced or convinced them to invest but was all out of their willingness which I could not deny them the chances.

[Distinctin]

The first thing i expect that we all have to do when it comes to being amidst our contemporaries, we should learn to observe first before we make any move on introducing bitcoin to them, this will help us to have an idea on their approach towards it and if it will be an acceptable offer or not by the majority of the, the more reasons why you have discovered that many couldn't afford to tell others about what they do because they already know it will end into a mockery if they are not the kind that support for such.

I think that should be our own initiative already by observing the crowd first and see if they are open to volatile investments or not, otherwise introducing bitcoin to them and giving them a glimpse of how it works and turn into profits might only be a waste of time, and throwing you a lot of questions but only criticize it in the end and leave negative impressions. I don’t want to be pessimistic but this is the reality about bitcoin. So as much as possible, I don’t tell everyone that I am into bitcoin, but only those who are closest to me knew that I am a bitcoin enthusiast.