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Author Topic: What should you know before recommending Bitcoin to a friend?  (Read 4612 times)
Patikno
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August 05, 2026, 11:49:06 PM
 #361

The days of me recommending bitcoin to friends are gone. I have tried different tactics to get them interested but they just don't want to. Some don't get it, others aren't interested. I have even gifted BTC to some of my best friends. They don't care. I think I would have had more success with bananas.

I still get the occasional "how is that Bitcoin thing going?" type of questions. When the price increased above $100k and they heard about it, some commented that they regret not buying. When it started dropping, it was a different story. Now they are certain that BTC is doomed to fail and there is no future for it anymore. I just shrug it off with a smile.

Satoshi was right when he said, "if you don't believe or don't get it, then I don't have the time to try to convince you." Do your own thing and be happy.
Would you have more success offering them a banana ? In other words, do your friends want instant gratification; something they can enjoy right away ? I think that mindset is flawed; instant rewards are beneficial, sure, but only in the short term. Some of my friends think the same way, they just want to make huge, and quick profits without wanting to go through the actual process. Come on, nothing works like that; you have to put in effort to earn even a single dollar.

In the end, the same thing happened with my friends. When the price of Bitcoin climbed above $100,000, they finally became interested in hearing about it. They really should have listened to me sooner. The difference between your story and mine is; they are the ones now asking about Bitcoin's progress, without me having to be the one to bring it up, or explain it first.

Honestly, I have lost the desire to talk about it with people who only want instant results. I feel like they are only interested in the price, with no regard for Bitcoin’s functional value, or its potential for future growth. That said, I won’t hide anything from them; I just won’t initiate the conversation myself. I only explain Bitcoin when they ask me about it.

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Daniel91
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Today at 07:25:43 AM
 #362

Sharing of knowledge is one important behavioural pattern we must not neglect, many neglect the Sharing of information without knowing information is power. Before Sharing information there are some important thing we must consider,  among all I having detailed idea of what the activity is all about.
Bitcoin is an important but dangerous investment scheme that has the power to uplift and also destroy once life but can only be disastrous when some important information about bitcoin are not known before investing on it which is; the working process of bitcoin,  how to secure our asset, the best investment option.  Among all the most important is how to provide adequate protection to our assets,  once this is done i believe its save going into investment.


I completely agree with this.
Many people read or hear somewhere that bitcoin has increased in value by 2 or 5 times in a short period of time and suddenly become interested in investing in bitcoin, because they see it as a simple and quick way to solve their financial problems.
Then they usually turn to people they know who invest in bitcoin, often friends, they are impatient and do not want to hear about the possible risks of investing or about the way bitcoin or crypto works, they just want to invest and earn.
To beginners, everything seems easy and simple, you invest money in bitcoin, you wait and after a while you withdraw bitcoin with a big profit.
Of course, more experienced users know that things do not work that way and that there are numerous cycles of growth and decline in the value of bitcoin.
That is why I gave up explaining or recommending bitcoin to friends.
They simply only hear what they want to hear, but many of them are not ready to research, learn, make an investment plan, check the risks, make a clear exit strategy, etc.
Of course, we are to blame for all the problems and losses, as we recommended bitcoin to them.
That's why it's best to simply point people to specific youtube videos and sites and let them do their own research and make decisions, and take responsibility for their own decisions.
Friendship will also suffer less.

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