The attractiveness of Bitcoin among my friends

[ndutndut]

One of the things that i dont really like is to get blamed on something which isnt my fault. This is why at the moment that you would really be making out some introduction to your friends about Bitcoin or crypto then dont always forget on telling them or having those cautions on having those risks on losing money because if not then for sure you would really be ending up on getting blamed in the end of the line.
Whenever there's someone who would really be having those kind of asking questions about this and that then i do simply show them some website or youtube vids explaining the basics.
At the moment that they do have some follow up questions then this is the only time i would really be answering but of course you should really be cautious on what you are tending to explain.

That's why before teaching friends or family about crypto, the first thing that must be taught is about risk, because this is very important to start investing in the world of crypto. There are lots of people out there who educate their friends by only showing the benefits without teaching them about the high risks of not doing their own research or so on. Then what happens, when he experiences a loss, we are the ones to blame. but if we say the first risk then of course when he loses we can't be blamed, even if there is it might be very small.

I have mentioned investing in bitcoin several times when gathering with friends about the risks and benefits of bitcoin, but I have never forced them to invest too. If any of them are serious about investing, I advise them to do their own research, especially regarding wallet security. because if they do their own research, even though Bitcoin is going down, they will no longer panic because they have changed their mindset that Bitcoin is a long-term asset.

[Lanatsa]

One of the things that i dont really like is to get blamed on something which isnt my fault. This is why at the moment that you would really be making out some introduction to your friends about Bitcoin or crypto then dont always forget on telling them or having those cautions on having those risks on losing money because if not then for sure you would really be ending up on getting blamed in the end of the line.
Whenever there's someone who would really be having those kind of asking questions about this and that then i do simply show them some website or youtube vids explaining the basics.
At the moment that they do have some follow up questions then this is the only time i would really be answering but of course you should really be cautious on what you are tending to explain.

That's why before teaching friends or family about crypto, the first thing that must be taught is about risk, because this is very important to start investing in the world of crypto. There are lots of people out there who educate their friends by only showing the benefits without teaching them about the high risks of not doing their own research or so on. Then what happens, when he experiences a loss, we are the ones to blame. but if we say the first risk then of course when he loses we can't be blamed, even if there is it might be very small.

I have mentioned investing in bitcoin several times when gathering with friends about the risks and benefits of bitcoin, but I have never forced them to invest too. If any of them are serious about investing, I advise them to do their own research, especially regarding wallet security. because if they do their own research, even though Bitcoin is going down, they will no longer panic because they have changed their mindset that Bitcoin is a long-term asset.

Yes, this is true and always the thing that you should really be having in mind is to have that kind approach on telling out about the risks. We do know that in every investment then it would be normal that there would really be risks accompanied to it and Bitcoin or crypto is no exemption or even rather being that too risky compared to others but in speaking about rewards and profitability then it would really be giving out on the same ratiio. This is why that the higher risks the higher the reward and this is something that will really be that a casual but of course there would really be still considerations to take on.
Just like on what been said above that whenever you do make those kind of explanations then always remember on telling the risks.

There are really people who are really that having those kind of first impressions basing up on what they are seeing on other people without even trying out to make themselves digging
more deeper on what they are dealing with and just focusing on how much that they would really be able to make and this is a very wrong approach to have specially when dealing up with
investment specially on crypto world. So dont skip out on explaining about therisks involved so that they wont really be ending up on getting shocked.

[_BlackStar]

-snip-

That's why before teaching friends or family about crypto, the first thing that must be taught is about risk, because this is very important to start investing in the world of crypto. There are lots of people out there who educate their friends by only showing the benefits without teaching them about the high risks of not doing their own research or so on. Then what happens, when he experiences a loss, we are the ones to blame. but if we say the first risk then of course when he loses we can't be blamed, even if there is it might be very small.

I have mentioned investing in bitcoin several times when gathering with friends about the risks and benefits of bitcoin, but I have never forced them to invest too. If any of them are serious about investing, I advise them to do their own research, especially regarding wallet security. because if they do their own research, even though Bitcoin is going down, they will no longer panic because they have changed their mindset that Bitcoin is a long-term asset.

Being informed about investment risks is important - but most people seem to understand that no one is free from risk once they become an investor. The risk of price volatility is not the worst - but they should be told that the risk of losing access to the wallet is much worse than the others.

The best attraction about bitcoin investment among people is - when they see you, their friends or other people being successful. Many people will come and ask you how you can make money and buy whatever you want - but if you fail, they will never come and give you support. Don't rush into becoming a mentor – you are not responsible for someone else's financial future, but you can really change their mindset when you are a successful person.

[uswa56]

Being informed about investment risks is important - but most people seem to understand that no one is free from risk once they become an investor. The risk of price volatility is not the worst - but they should be told that the risk of losing access to the wallet is much worse than the others.

The best attraction about bitcoin investment among people is - when they see you, their friends or other people being successful. Many people will come and ask you how you can make money and buy whatever you want - but if you fail, they will never come and give you support. Don't rush into becoming a mentor – you are not responsible for someone else's financial future, but you can really change their mindset when you are a successful person.

Maintaining your wallet key properly is of course very important and we have to really save it and remember where we save it and don't let it happen that after we make an investment we can't access the assets we have invested in due to losing the wallet key we have saved.

You are right, when someone has achieved good results from the investment they have made, of course other people will ask how to do what we have done and it would be better if someone asked about the investment we made, they should be able to explain in detail and not ever suggest to other people what we have done, because it is not certain that they will be able to accept the failure that can be experienced by every person who is just starting out.

[dunfida]

Being informed about investment risks is important - but most people seem to understand that no one is free from risk once they become an investor. The risk of price volatility is not the worst - but they should be told that the risk of losing access to the wallet is much worse than the others.

The best attraction about bitcoin investment among people is - when they see you, their friends or other people being successful. Many people will come and ask you how you can make money and buy whatever you want - but if you fail, they will never come and give you support. Don't rush into becoming a mentor – you are not responsible for someone else's financial future, but you can really change their mindset when you are a successful person.

Maintaining your wallet key properly is of course very important and we have to really save it and remember where we save it and don't let it happen that after we make an investment we can't access the assets we have invested in due to losing the wallet key we have saved.

You are right, when someone has achieved good results from the investment they have made, of course other people will ask how to do what we have done and it would be better if someone asked about the investment we made, they should be able to explain in detail and not ever suggest to other people what we have done, because it is not certain that they will be able to accept the failure that can be experienced by every person who is just starting out.

When it comes to wallet security then of course it would really be just that common sense that you would really be not exposing your keys and would really be keeping it safe because you do know that you do have something that being kept or simply its your wallet or simply having the money or value. Its true that when it comes to possible questions from other people then they would really be definitely be having those questions
on how did you do that because on the moment that they've seen you having a good life in terms of financial condition or status then they would really be trying out to mimic you and do the things that you are engaged into.
How to make money is something that would really be attractive in all of people because we do know on how important it is and we are thriving on day to day living on how to acquire and do those things that could be possibly be able to lead it up.

Just like on what mentioned above that the only thing that you should do to avoid potential problems or issues in relation is that never ever make those guarantees that they can make
money just like you do. We do know that decisions and choices will really vary or depend on someones experiences and awareness.

[Yamifoud]

...
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.

You have a point OP as it is difficult to convince someone if you never show what you achieve from investing in Bitcoin. Whether your intention of showing your wallet to your friends is good but still, you need to be careful with them. We don't have to ignore the current situation now where it is too hard to trust someone, especially when it talks about money.

I did this as well to some of my friends and relatives but not to strangers. And I see how it changes their minds when seeing balance in my wallet and showing interest in their eyes. Yes, it is a big help for doubtful people to clear negativity in their minds.