Why is it so hard to get family/friends into bitcoin?

[ChuckBuck]

Am I wrong in my n00bsque opinion derived from a mere 2 days of researching and reading about bitcoin from a knowledge base of zero on the topic, that there probably isn't likely going to be another point for bitcoin value to drop below the $100 mark - or maybe once more before it begins its upward climb to mainstream adoption?

I'm getting the impression that the volatility is more in the scared, skittish sorts bailing out the second the media tells them anything negative about bitcoin, and not the actual value of bitcoin itself. So if I purchased 1 btc today at $480 and tomorrow China officially bans bitcoin, the US starts yapping about banning it, and all the skittish people jump overboard, the value drops below $100, technically I lost money, but if the media says WalMart will start accepting bitcoin and the value suddenly jumps to $1000, did I double my money? Do I have 2 bitcoins and change? How does this work? Am I missing something?

I totally get the speculation part and it's kind of exciting (is that bad? ) wondering if I should wait til the next media beat down for the price to drop to a more "appealing" range ($100 or less) and jump in then, or just fork over $500 and buy one, and let it ride the wave.

Advice?

(And by advice I don't mean suggesting bitcoin is doomed, I know it's not...it's emerging. These are growing pains is what it looks like from here)

If you buy 1 and it goes up in price, you still have one BTC

The trick is to try to get more than 1.   

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[Velkro]

its easy, just wait they will ask you about bitcoin and how to buy.... dont start this discussion with them, just wait

[bitcoinbranches]

I've found it pretty tough.  People just make up their minds to hate it.  I could only convince one of my friends to actually buy some, and he was in it for the gambling haha.

[Bitram]

At point when i compared bitcoin transactions to bank transactions and compared fees, I had no problem to show it to my girlfriend from better point of view.

[zolace]

Is kinda hard to get family\friends into bitcoin,first because is been a lot of negativity in the media about bitcoin and for example my parents don\t understand bitcoin because is a new thing and they don\t spend a lot of time on internet and on computers .

[Bitcoin Magazine]

cause they'd rather get you a girlfriend 

[jodybay]

well my husband knows about bitcoin already yet he is not into it even though i said that it would be a very good investment like mining some btc or ltc he seems not intrested after all the proof i've showed to him

i also convince him to set a mining rigs in his room in saudi arabia since they have a free electricity he and his co-worker can contribute to buy atleast 400ghs or more because it will give them a good profit but seems like im only talking to myself

whatta dummy

[bryant.coleman]

It is not at all hard. Just 5 minutes of talk, and I convinced my cousin to collect BTCs.

[jesse11]

It is not at all hard. Just 5 minutes of talk, and I convinced my cousin to collect BTCs.

Great! I have an investor in for $25,000    Now it's time just to set back and watch.   O an the investor is Me  Ooops LOL

[go4nature]

It depends on who is your friend. If he is having knowledge in technology/online currency's  it is quite easy to convince. But for others it is very hard.

[androidboss]

i don't think it is a good idea to let they know it

[jesse11]

androidboss, Only limited knowledge of BTC tell them, How to Mine? YEAH!
Right Here!

 

 

[runam0k]

The public perception is that Bitcoin is a bubble that's about to pop or it's far too volatile to risk real money.  I avoid arguing the points by simply acknowledging that Bitcoin is a fledgling currency so volatility is to be expected.  Maybe I point to the FBI being one of the largest holders of bitcoins and the IRS putting out guidance as evidence that Bitcoin is being taken seriously and is here to stay.

Then show them how it works (by which I mean make them use it -- have them download Mycelium for Android (fantastic app) or, if they have an iPhone (FU Apple), have them open a web wallet at blockchain.info).

Immediately send them some BTC.  Have them send some back.  Seeing Bitcoin in action is usually enough to make people curious.  Then explain that, going forward, you will send small amounts of BTC for birthdays, Christmas, etc, and show them where they can spend it.  Bitcoin makes for a great gift because they can immediately spend it/cash it in for giftcards, etc, or they can keep hold of it on the off chance the price will rise.  If the price goes down, well, it was a gift anyway.

You shouldn't expect family and friends to immediately adopt Bitcoin.  You just want to sow the seed and always be on hand to answer questions.  Never encourage anyone, least of all family and friends, to invest money they can't afford to lose.

[zolace]

Yea I agree, some people also dont take anything seriously if they cant understand it.  I told some family friend members about bitcoin and they were not so interested, only acting it

[crunchynut]

what a lovely idea. just let them install some app and show them how you can send bitcoins forth and back. awesome! if that doesn't convince them how much bitcoin will improve their everyday life, they really must be retarded.

[bryant.coleman]

It is not at all hard. Just 5 minutes of talk, and I convinced my cousin to collect BTCs.

Great! I have an investor in for $25,000    Now it's time just to set back and watch.   O an the investor is Me  Ooops LOL

Oh... compelling people to invest money in Bitcoin is much more difficult than asking some of your friends and relatives to collect mBTCs in their spare time. 

[findftp]

I always make the comparison with a Casino.

Casino: Just drop €50 on red at the roulette and it can go zero or double
Bitcoin: can go zero as well, but can reach far more than double in the long term.

Casino: You're done in a few minutes/hours
Bitcoin: Gives joy for months.


Just make sure they are willing to loose everything, just like I do myself.

[jodybay]

i finally get my cousin's in law attention to BTC and he is now asking me how to use it and how to earn it i said to him that this time is probably the right time to buy it since its crashing down also i was shock when he ask me how much is the mining rigs cost now and how to set it up

seems my day will be much more intrested than before

[ChuckBuck]

i finally get my cousin's in law attention to BTC and he is now asking me how to use it and how to earn it i said to him that this time is probably the right time to buy it since its crashing down also i was shock when he ask me how much is the mining rigs cost now and how to set it up

seems my day will be much more intrested than before

Don't let him mine, it's not worth it at the moment.  Just Buy and HODL.

[jodybay]

i finally get my cousin's in law attention to BTC and he is now asking me how to use it and how to earn it i said to him that this time is probably the right time to buy it since its crashing down also i was shock when he ask me how much is the mining rigs cost now and how to set it up

seems my day will be much more intrested than before

Don't let him mine, it's not worth it at the moment.  Just Buy and HODL.

yeah i already told him about that and i suggest to him that if he really want to mine then mining some good altcoin would be ok and then trade it on btc when the price is ok