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Author Topic: What should you know before recommending Bitcoin to a friend?  (Read 1726 times)
RockBell
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Today at 02:28:16 PM
 #161

I totally agree with you, before you recommend Bitcoin to anyone, always remember that Bitcoin itself isn't certain in making profit, note that Bitcoin is volatile, meaning it can rise and fall at any time,  so anyone you're inviting should have the mindset of losing and gaining, teach them how important their private keys are, so they won't fall for any scam,  educate them about long-term investment and not short-term investment, any money they can't afford to lose shouldn't be invested, let them only invest in money that they can lose to avoid frustration or depression.

That is what people need to understand because when they introduce bitcoin to them, they need to do their own analysis and know exactly because when it comes to bitcoin investment, there is not there is nothing certain so this should be accepted before you start investing, and people that are introduction bitcoin are not telling them about the reality, because a lot of people are excited and they don't even ask questions about what they are about to go into they forget that they need to be prepared mentally and emotionally because that is the mistake they make.

Because it is a game of losing and gaining, so most people are always prepared for the gaining, and they don't want to lose money, this is something that they need to be prepare and most of them don't even care about the knowledge before they start and this one thing we encourage people to take there investment seriously and anyone you are bringing to the game all this things needs to be explained to them, so that they will know what they are going into.

tech30338
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Today at 03:12:40 PM
 #162

I totally agree with you, before you recommend Bitcoin to anyone, always remember that Bitcoin itself isn't certain in making profit, note that Bitcoin is volatile, meaning it can rise and fall at any time,  so anyone you're inviting should have the mindset of losing and gaining, teach them how important their private keys are, so they won't fall for any scam,  educate them about long-term investment and not short-term investment, any money they can't afford to lose shouldn't be invested, let them only invest in money that they can lose to avoid frustration or depression.

That is what people need to understand because when they introduce bitcoin to them, they need to do their own analysis and know exactly because when it comes to bitcoin investment, there is not there is nothing certain so this should be accepted before you start investing, and people that are introduction bitcoin are not telling them about the reality, because a lot of people are excited and they don't even ask questions about what they are about to go into they forget that they need to be prepared mentally and emotionally because that is the mistake they make.

Because it is a game of losing and gaining, so most people are always prepared for the gaining, and they don't want to lose money, this is something that they need to be prepare and most of them don't even care about the knowledge before they start and this one thing we encourage people to take there investment seriously and anyone you are bringing to the game all this things needs to be explained to them, so that they will know what they are going into.
I always tell to my friend that if you want to invest in bitcoin you need to know that its not a sure win, there were times that the price will go down, and the value will not always be the same, also making sure your wallets are safe, mostly i do give effort to tell them that scammers will try to lure them, so be very careful and ask them before investing study a bit about the market and invest the money that you will not regret once lost, lots of my friends have bigger income, and they are doing fine.

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