Do you introduce bitcoin and crypto to your friends?

[God Of Thunder]

Many people have being blamed by friends on several occasions on why they introduced Bitcoin investment to them. I wouldn't like such occurrence happening to me in the future. it's better to stay smart

You have a very good point. I do the same thing. I think I have shared about Bitcoin only with four of my friends, and one of them is already an expert, while the other two are still learning. One of them just bought some Bitcoin and later sold it. The other one is still holding a small portion. I have a big friend circle, yet I do not discuss Bitcoin with them. The reason is different, Bitcoin is banned in my country, and it is illegal to use it. So, I can't share it with everyone. Also, I do not want to tell people that I own Bitcoin. They could easily report to the police if they want me to suffer.

[bakasabo]

Many people have being blamed by friends on several occasions on why they introduced Bitcoin investment to them.

Depends on how you introduce Bitcoin to friends. If the goal is to introduce something that is good for investment, because people earn and get rich with it, then I would refuse introducing, even if I will be asked to teach. If a goal is to test how technology work (for example to show that working PC can not only consume electricity and enlarge bills, but also "produce money"), introduced alternative way to fiat payment, then I would consider introducing bitcoin to a friend.

[SmartCharpa]

If you have introduced those who are interested in Bitcoin to Bitcoin given them the basic information to start with, then I will say you have done your part it’s now left with them to make further inquiries if they finally decide to invest maybe they can ask you how to which is from their own person decision and not you convincing them to invest.

That is the best thing to do, if you help someone with correct details on Bitcoin, allow them to carry out their own research to determine whether Bitcoin is a real investment and worth trying. However, if you continue providing the information without allowing them to learn the rest on their own, some individuals will believe you are trying to pressure them to invest their money in the wrong place. Just do your part and let them decide what to do next.

And also remind them that investment is a personal responsibility, not the responsibility of the information provider, that way we won't be blamed in the future. And also remind them that bitcoin will provide long-term benefits.

Even if we do not expect to lose money in Bitcoin if we invest for the long term, it is important to inform anyone we want to introduce to Bitcoin that it has a lot of risks and that they may lose money as well because some people want to invest in Bitcoin to make quick money since people have been saying good things about it, but they need to have patience and invest for a long time to enjoy the benefits.

[OrangeCoinGood]

I don't pontificate, but for I do for example do what I did last week with the father in law.  He inherited a few hundred grand and I was helping him write a letter to a lawyer.  And during the conversation I said "You know you should probably just put all this into bitcoin". Nonchalantly.

[Baki202]

Many people have being blamed by friends on several occasions on why they introduced Bitcoin investment to them. I wouldn't like such occurrence happening to me in the future. it's better to stay smart

And they will keep blaming because they don't even know how it works, and when you don't have knowledge about a particular thing, then the next step is to find somewhere or something to blame and it depends on the kind of friend you have because my friends know I won't lead them, so the nature of friends matters a lot, and there is a lot of things that will experience and will give you more exposure so experience is always the best.

You have a very good point. I do the same thing. I think I have shared about Bitcoin only with four of my friends, and one of them is already an expert, while the other two are still learning. One of them just bought some Bitcoin and later sold it. The other one is still holding a small portion. I have a big friend circle, yet I do not discuss Bitcoin with them. The reason is different, Bitcoin is banned in my country, and it is illegal to use it. So, I can't share it with everyone. Also, I do not want to tell people that I own Bitcoin. They could easily report to the police if they want me to suffer.

And the issue is that outsiders want to learn, but the problem now is that they are not ready to actually learn, and when things start going bad, instead of them learning and correcting their mistakes, they will be looking for ways to sell their assets rather than to keep them for it to grow, and this happens when the price starts falling. The next thing that comes to their mind is to sell, and those that have the experience will not sell, and those that have bitcoin banned will be able to find a way out to still be able to invest, and the highest thing is that is that the government will tax that individual for investing in bitcoin. Knowledge should be the first.

[Awaklara]

Many people have being blamed by friends on several occasions on why they introduced Bitcoin investment to them.

Depends on how you introduce Bitcoin to friends. If the goal is to introduce something that is good for investment, because people earn and get rich with it, then I would refuse introducing, even if I will be asked to teach. If a goal is to test how technology work (for example to show that working PC can not only consume electricity and enlarge bills, but also "produce money"), introduced alternative way to fiat payment, then I would consider introducing bitcoin to a friend.

My friends rarely ask me about Bitcoin. Only a few and indeed their interest is because of publications on social media for now. Their interest is of course, related to the benefits of investing in Bitcoin. Rarely will they focus on using Bitcoin as an alternative to fiat payments.
Their initial understanding is not wrong, but it is our job to provide more details regarding their interest in Bitcoin which could be risky for those who do not have the knowledge. If their interest is in investment, then we can provide information regarding good investments and how to plan them well.

[Mahanton]

Many people have being blamed by friends on several occasions on why they introduced Bitcoin investment to them. I wouldn't like such occurrence happening to me in the future. it's better to stay smart

And they will keep blaming because they don't even know how it works, and when you don't have knowledge about a particular thing, then the next step is to find somewhere or something to blame and it depends on the kind of friend you have because my friends know I won't lead them, so the nature of friends matters a lot, and there is a lot of things that will experience and will give you more exposure so experience is always the best.

You have a very good point. I do the same thing. I think I have shared about Bitcoin only with four of my friends, and one of them is already an expert, while the other two are still learning. One of them just bought some Bitcoin and later sold it. The other one is still holding a small portion. I have a big friend circle, yet I do not discuss Bitcoin with them. The reason is different, Bitcoin is banned in my country, and it is illegal to use it. So, I can't share it with everyone. Also, I do not want to tell people that I own Bitcoin. They could easily report to the police if they want me to suffer.

And the issue is that outsiders want to learn, but the problem now is that they are not ready to actually learn, and when things start going bad, instead of them learning and correcting their mistakes, they will be looking for ways to sell their assets rather than to keep them for it to grow, and this happens when the price starts falling. The next thing that comes to their mind is to sell, and those that have the experience will not sell, and those that have bitcoin banned will be able to find a way out to still be able to invest, and the highest thing is that is that the government will tax that individual for investing in bitcoin. Knowledge should be the first.

One of the main things on why i dont really like on introducing Bitcoin or crypto in one of my friends or other people is that I dont really like myself on getting blamed whenever their investment goes south and this could definitely happen and actually it happened into me and for sure so as with other people. Some are that gladly wanting to introduce Bitcoin or crypto into their friends but if the type of friends they do have isnt someone that giving out those blaming moments then its just fine but if its the opposite then it do really sucks. You would definitely be that risking your relationship into them at the time that you do made out some recommendations specially if it involves money on which relations could definitely be that cut off once there would be those misunderstanding in between. Its always that best that you should be that be careful on what you do talk into other people and if you do sees out that its just fine then its not bad to share up the opportunity but of course its always been that recommended that you do always make up some precautions about on the risks involved, so that they will be aware at least on what they've been dealing. Its normal that human beings are that being too attentive or get interested at the moment that they've known or heard about money making opportunity on which its just a normal stuff because we are thriving or work hard to earn money on which this is the primary need that we do acquire for us to survive on day to day living or even having that good life in terms of survivability on which simply means that whenever we do see those opportunities then we do tend to dive in without even knowing its complete information not until you have experienced for yourself about the reality of it.

[fikrett]

Many people have being blamed by friends on several occasions on why they introduced Bitcoin investment to them.

Depends on how you introduce Bitcoin to friends. If the goal is to introduce something that is good for investment, because people earn and get rich with it, then I would refuse introducing, even if I will be asked to teach. If a goal is to test how technology work (for example to show that working PC can not only consume electricity and enlarge bills, but also "produce money"), introduced alternative way to fiat payment, then I would consider introducing bitcoin to a friend.

My friends rarely ask me about Bitcoin. Only a few and indeed their interest is because of publications on social media for now. Their interest is of course, related to the benefits of investing in Bitcoin. Rarely will they focus on using Bitcoin as an alternative to fiat payments.
Their initial understanding is not wrong, but it is our job to provide more details regarding their interest in Bitcoin which could be risky for those who do not have the knowledge. If their interest is in investment, then we can provide information regarding good investments and how to plan them well.

And how and why it's good in the long run - due to BTC's nature, which is usually left behind in the Bull runs, unfortunately.

That's very sweet of you to guide those close to you, if needed. 

[Stable090]

As many people don't aware of bitcoin and other crypto, do you take initiative to explain about bitcoin to others? I am spreading information and knowledge about btc to others, advantages of btc. I have observed some people showing interest or heared about btc some where. Let's spread the btc world to others, cheers.

It’s really a nice idea sharing bitcoin awareness to people, but when doing that you still have to be careful, don’t show people the amount that you worth, even if you are close to them, you still have to be careful, sometimes people we call our friends are our enemies, so if you teaching them about bitcoin, then make sure you us the wallet which you have nothing inside, don’t make use of your main wallet.

Also when teaching people about bitcoin, make sure you make them understand both the advantage and disadvantage of bitcoin, you shouldn’t just emphasize on how people make money from
Bitcoin, you should make them know that they can lose, and not make money alone.

[Son Of Blockchain (SOB)]

As many people don't aware of bitcoin and other crypto, do you take initiative to explain about bitcoin to others? I am spreading information and knowledge about btc to others, advantages of btc. I have observed some people showing interest or heared about btc some where. Let's spread the btc world to others, cheers.

It’s really a nice idea sharing bitcoin awareness to people, but when doing that you still have to be careful, don’t show people the amount that you worth, even if you are close to them, you still have to be careful, sometimes people we call our friends are our enemies, so if you teaching them about bitcoin, then make sure you us the wallet which you have nothing inside, don’t make use of your main wallet.

Also when teaching people about bitcoin, make sure you make them understand both the advantage and disadvantage of bitcoin, you shouldn’t just emphasize on how people make money from
Bitcoin, you should make them know that they can lose, and not make money alone.

It would be very risky showing anyone your portfolio, I don't know about other societies but where I come from, things are getting tough due to the poor economy and people could take drastic measures to survive, even though it means stealing from others so no one is to be trusted talk more of showing anyone the amount of coins you have in your portfolio.
 The best I can do is educate people about bitcoin, advice them about it's benefits and how they can secure financial stability through it in the future if they can start buying and hoarding it now instead of revealing my portfolio to them.

[Dzwaafu11]

As many people don't aware of bitcoin and other crypto, do you take initiative to explain about bitcoin to others? I am spreading information and knowledge about btc to others, advantages of btc. I have observed some people showing interest or heared about btc some where. Let's spread the btc world to others, cheers.

It does only make sense to me when someone has heard about bitcoin and is seeking more information about bitcoin, and they are there. I will try my possible best to introduce him or her to where he will easily learn about bitcoin, but teaching someone about bitcoin and cryptocurrency is something I consider a lot of energy and time must be involve and for the fact that I have other things to do, I would rather introduce the person to where he will learn by himself.

Moreover, there are many ways to learn about Bitcoin cryptocurrency, so teaching them by yourself will just be a waste of time.

[henry_of_skalitz]

As many people don't aware of bitcoin and other crypto, do you take initiative to explain about bitcoin to others? I am spreading information and knowledge about btc to others, advantages of btc. I have observed some people showing interest or heared about btc some where. Let's spread the btc world to others, cheers.

It does only make sense to me when someone has heard about bitcoin and is seeking more information about bitcoin, and they are there. I will try my possible best to introduce him or her to where he will easily learn about bitcoin, but teaching someone about bitcoin and cryptocurrency is something I consider a lot of energy and time must be involve and for the fact that I have other things to do, I would rather introduce the person to where he will learn by himself.

Moreover, there are many ways to learn about Bitcoin cryptocurrency, so teaching them by yourself will just be a waste of time.

You only need to be a guide, not a full-on map for a person to follow.

Each person goes his own path with BTC and the crypto space too

[summonerrk]

For all the time we have been acquainted with cryptocurrencies (and this is already more than 10 years) I thought that my attitude to the issue of this topic would change, but no, everything remained exactly the same as it was in the first week when I started buying Bitcoin.
And my initial opinion was that sharing information about your involvement in cryptocurrencies is very bad and can even be life-threatening. It is better not to talk about it with anyone except your best friends.

[God Of Thunder]

And the issue is that outsiders want to learn, but the problem now is that they are not ready to actually learn, and when things start going bad, instead of them learning and correcting their mistakes, they will be looking for ways to sell their assets rather than to keep them for it to grow, and this happens when the price starts falling. The next thing that comes to their mind is to sell, and those that have the experience will not sell, and those that have bitcoin banned will be able to find a way out to still be able to invest, and the highest thing is that is that the government will tax that individual for investing in bitcoin. Knowledge should be the first.

People with good knowledge of Bitcoin do not want to teach these people for one reason. The market is unpredictable, and you cannot tell when it will go up again. Most of these people will continue to ask you about it, and if you predict something and it goes wrong, they will start blaming you instead of waiting patiently. People get scared when they think the market is going down.

Forget about newbies, sometimes veteran crypto users even get panicked when there are massive crashes. I myself often get panicked due to market crash 

[bakasabo]

Many people have being blamed by friends on several occasions on why they introduced Bitcoin investment to them.

Depends on how you introduce Bitcoin to friends. If the goal is to introduce something that is good for investment, because people earn and get rich with it, then I would refuse introducing, even if I will be asked to teach. If a goal is to test how technology work (for example to show that working PC can not only consume electricity and enlarge bills, but also "produce money"), introduced alternative way to fiat payment, then I would consider introducing bitcoin to a friend.

My friends rarely ask me about Bitcoin. Only a few and indeed their interest is because of publications on social media for now. Their interest is of course, related to the benefits of investing in Bitcoin. Rarely will they focus on using Bitcoin as an alternative to fiat payments.
Their initial understanding is not wrong, but it is our job to provide more details regarding their interest in Bitcoin which could be risky for those who do not have the knowledge. If their interest is in investment, then we can provide information regarding good investments and how to plan them well.

My experience with Bitcoin if following. Friends who are not "old conservatives" does not even want to hear about Bitcoin or crypto. As if they are scared of something unknows and usually prefer to change topic of discussion quickly, when cryptocurrency appear in it. But I can suppose they want to change topic because they dont want to show that they are unaware totally of it. The rest somehow somewhere already heard and know what crypto is. Bitcoin price growth made crypto so popular, that there is no need even to introduce it to someone. The internet is full of description and detailed guides, that everyone can find and understand everything themselves.

[Altryist]

Even if we do not expect to lose money in Bitcoin if we invest for the long term, it is important to inform anyone we want to introduce to Bitcoin that it has a lot of risks and that they may lose money as well because some people want to invest in Bitcoin to make quick money since people have been saying good things about it, but they need to have patience and invest for a long time to enjoy the benefits.

Investing in Bitcoin like any other investment carries risks which must be explained to people who are just getting acquainted with Bitcoin. Because investing in Bitcoin can be safe but only if certain conditions are met. For example if you are ready to hold for a long enough time. If people you recommend Bitcoin to start buying now at a price 100к per Bitcoin the price might drop over the next few years and during that time the most important thing is not to sell but to continue holding. Newcomers who are just starting with such investments might not be ready for such drops and will sell at a loss. So investing in Bitcoin is safe but for that it is necessary to follow specific conditions.

[nemesis_incarnate]

Even if we do not expect to lose money in Bitcoin if we invest for the long term, it is important to inform anyone we want to introduce to Bitcoin that it has a lot of risks and that they may lose money as well because some people want to invest in Bitcoin to make quick money since people have been saying good things about it, but they need to have patience and invest for a long time to enjoy the benefits.

Investing in Bitcoin like any other investment carries risks which must be explained to people who are just getting acquainted with Bitcoin. Because investing in Bitcoin can be safe but only if certain conditions are met. For example if you are ready to hold for a long enough time. If people you recommend Bitcoin to start buying now at a price 100к per Bitcoin the price might drop over the next few years and during that time the most important thing is not to sell but to continue holding. Newcomers who are just starting with such investments might not be ready for such drops and will sell at a loss. So investing in Bitcoin is safe but for that it is necessary to follow specific conditions.

To invest in BTC is to understand what can be achieved with it - if the person cannot see the clear probabilities and how much profit he may see in the end - he is not ready for such a road yet.

[madnessteat]

I never talk about Bitcoin or other cryptocurrencies first. If someone I know asks me about Bitcoin I try to explain to them how this technology works. Some people quickly refuse to continue the conversation because they are intimidated by terms like blockchain, block, transaction, mempool, etc. Some show interest and then I can tell them everything I know about the benefits of using the Bitcoin network for the average person. But I notice that the main interest is not in using the Bitcoin network for secure and anonymous transactions, but for investment purposes.

[HelliumZ]

I don't discuss Bitcoin directly with my friends because Bitcoin has not yet received any legal permission in my country where we can invest freely. Still, the government of my country has imposed strict laws prohibiting Bitcoin and all kinds of transactions, due to which we cannot discuss Bitcoin directly with anyone openly. However, I discussed Bitcoin with two of my friends, especially my classmate, even though they are now very experienced in this matter and have invested in Bitcoin in their portfolios. But I don't discuss this topic with anyone again. Moreover, I don't feel comfortable discussing these things as a student.

[Nothingtodo]

Bitcoin is a very popular currency nowadays. People from almost all regions know about Bitcoin. There are many who are interested in understanding Bitcoin well and learning how to use it, then I tell them about Bitcoin. Bitcoin is currently ruling the entire cryptocurrency which is leading it towards popularity and the price of Bitcoin is increasing day by day.

Earlier, very few people knew about Bitcoin, but now people in most countries are learning a lot about Bitcoin, especially in various magazines, newspapers, online portals, television, social media, many topics are discussed about Bitcoin. So now there is no need for people to discuss about Bitcoin. They can automatically learn about Bitcoin from social media. However, with the strategic Bitcoin reserve bill that is currently being passed in different countries, people from different parts of the world will not be left to know about Bitcoin.