What should you know before recommending Bitcoin to a friend?

[Luzin]

The issue that attracts the most attention about Bitcoin is its value, besides the notion that BTC can make us rich quickly being a major factor. So there are people who do not want to understand this and go straight to the main goal of investing or trading. Their focus is on making money. Once they have chosen a goal, I will talk about what they want. I will set aside the unrelated parts. Next, as stage and time continue to progress, they should automatically understand how Bitcoin works. So understanding people who want to learn will be much easier than giving a lesson to others.

[Daniel91]

The issue that attracts the most attention about Bitcoin is its value, besides the notion that BTC can make us rich quickly being a major factor. So there are people who do not want to understand this and go straight to the main goal of investing or trading. Their focus is on making money. Once they have chosen a goal, I will talk about what they want. I will set aside the unrelated parts. Next, as stage and time continue to progress, they should automatically understand how Bitcoin works. So understanding people who want to learn will be much easier than giving a lesson to others.

Because of the story that "bitcoin can make us all rich", people often have unrealistic expectations and expect to become rich overnight.
I would say that bitcoin is just a means or a tool, but if we don't know how to use it well, it won't help us achieve our financial and other goals.
Without hard work on yourself, learning and research, planning and developing a strategy and a basic understanding of the crypto market, it is not realistic to expect any concrete results and earnings on btc.

[Catenaccio]

Because of the story that "bitcoin can make us all rich", people often have unrealistic expectations and expect to become rich overnight.
I would say that bitcoin is just a means or a tool, but if we don't know how to use it well, it won't help us achieve our financial and other goals.
Without hard work on yourself, learning and research, planning and developing a strategy and a basic understanding of the crypto market, it is not realistic to expect any concrete results and earnings on btc.

Bitcoin has its market cycle that is very tightly related to Bitcoin block subsidy halving cycle but in the past, in earliest market cycles, Bitcoin had much bigger ROIs and what happened in the past make many people thinking like "Bitcoin is a quick rich" asset for everyone to get it anytime. People have to realize big differences between what existed in earliest years and in recent years, and Bitcoin adoption changed, Bitcoin market also changed a lot, together they all made Bitcoin market from now is no longer possible and realistic to get very high ROIs like past years.

People from long term investment, if practice their investment, accumulation and holding well, will still gain very good profit, but surely ROIs will be smaller than Bitcoin OGs had in past years.
https://casebitcoin.com/

[MusaPk]

Because of the story that "bitcoin can make us all rich", people often have unrealistic expectations and expect to become rich overnight.
I would say that bitcoin is just a means or a tool, but if we don't know how to use it well, it won't help us achieve our financial and other goals.
Without hard work on yourself, learning and research, planning and developing a strategy and a basic understanding of the crypto market, it is not realistic to expect any concrete results and earnings on btc.

Bitcoin can make all of us rich only if we follow the right strategy. Don't think that we can blindly invest in Bitcoin and will become rich in few days. Bitcoin no doubt is one of best investment of current time but it need our time and proper research. Without right strategy it will be difficult to get desired results from Bitcoin. There is lot of info available online through which we can increase our knowledge about Bitcoin and one key principle for success with Bitcoin is to think of long term investment.

[Tmoonz]

The issue that attracts the most attention about Bitcoin is its value, besides the notion that BTC can make us rich quickly being a major factor. So there are people who do not want to understand this and go straight to the main goal of investing or trading. Their focus is on making money. Once they have chosen a goal, I will talk about what they want. I will set aside the unrelated parts. Next, as stage and time continue to progress, they should automatically understand how Bitcoin works. So understanding people who want to learn will be much easier than giving a lesson to others.

Because of the story that "bitcoin can make us all rich", people often have unrealistic expectations and expect to become rich overnight.
I would say that bitcoin is just a means or a tool, but if we don't know how to use it well, it won't help us achieve our financial and other goals.
Without hard work on yourself, learning and research, planning and developing a strategy and a basic understanding of the crypto market, it is not realistic to expect any concrete results and earnings on btc.

It is so bad about people having such unrealistic expectations, some are misinformed and without doing their own research, Bitcoin tend to reward in the long term expecting to become rich overnight with Bitcoin is completely out of place, realistically Bitcoin has rewarded those who has worked on themselves through focus and determination and adopting strategy of buying and holding Bitcoin, anyone expecting to become rich overnight through Bitcoin are vulnerable to be disappointed.

[Daniel91]

The issue that attracts the most attention about Bitcoin is its value, besides the notion that BTC can make us rich quickly being a major factor. So there are people who do not want to understand this and go straight to the main goal of investing or trading. Their focus is on making money. Once they have chosen a goal, I will talk about what they want. I will set aside the unrelated parts. Next, as stage and time continue to progress, they should automatically understand how Bitcoin works. So understanding people who want to learn will be much easier than giving a lesson to others.

Because of the story that "bitcoin can make us all rich", people often have unrealistic expectations and expect to become rich overnight.
I would say that bitcoin is just a means or a tool, but if we don't know how to use it well, it won't help us achieve our financial and other goals.
Without hard work on yourself, learning and research, planning and developing a strategy and a basic understanding of the crypto market, it is not realistic to expect any concrete results and earnings on btc.

It is so bad about people having such unrealistic expectations, some are misinformed and without doing their own research, Bitcoin tend to reward in the long term expecting to become rich overnight with Bitcoin is completely out of place, realistically Bitcoin has rewarded those who has worked on themselves through focus and determination and adopting strategy of buying and holding Bitcoin, anyone expecting to become rich overnight through Bitcoin are vulnerable to be disappointed.

Realistically, except for rare winnings on the lottery or in a casino (which is probably a one in a million chance) or a sudden inheritance, there is no possibility for an ordinary person to get "rich overnight".
Yes, there are people who have launched some successful start-ups and become rich, but that did not happen overnight either, but through years of hard work and research.
Today, people on Google and AI get instant answers to all their queries, and there is an unhealthy or unreasonable expectation that big money can be earned in the same way, immediately and without any effort or work.
In the real world, this does not happen, but many people realize it too late.
Bitcoin is a very good way for ordinary people to make some concrete profit, but not in the short term, but through long-term investing, planning and strategy.
It is obvious that many people are not ready for it.

[Coyster]

Bitcoin can make all of us rich only if we follow the right strategy.

Well, that is not quite correct. As far as getting rich is concerned, it is not about strategy, but when you bought your coins and how much coins you bought. For example, if you had bought bitcoin in 2010 and somehow held it untl today, you'd be rich, that is not strategy per se, you were just smart and you believed in the network.

Now that bitcoin is more expensive, the truth is that it is much more difficult to get "rich" through it, you'd have to have a lot of money and buy a lot of coins, and sadly not too many people can do that, this is mostly done by institutions. What bitcoin can do for plebs like us is to hedge our money against fiat inflation and then give us good ROI in the long run.

[Catenaccio]

Realistically, except for rare winnings on the lottery or in a casino (which is probably a one in a million chance) or a sudden inheritance, there is no possibility for an ordinary person to get "rich overnight".

There are very little people who got rich overnight but with such lucky people, they were not ready to manage huge money, and had no ideas what to do with such fortune. So with them, after fortunately got a fortune overnight, they easily spent such money easily and very quickly, then not too long time after that, they will lose most or all of the fortune. They could enjoy their lives for a while, months but in the ends, likely their lives will very possibly return to what it was.

In the real world, this does not happen, but many people realize it too late.
Bitcoin is a very good way for ordinary people to make some concrete profit, but not in the short term, but through long-term investing, planning and strategy.
It is obvious that many people are not ready for it.

With Bitcoin, it's an opened opportunity for everyone who can make their individual decision and invest money in Bitcoin. Then they will be able to fully control their bitcoins in non custodial wallets with some wallet backups. There is no dependence on any company and its business operations in future years, with Bitcoin it's simple, buy it, hold it, and wait for profit from Bitcoin development & adoption growth as well as the market growth.

[Rubuchi]

Because of the story that "bitcoin can make us all rich", people often have unrealistic expectations and expect to become rich overnight.
I would say that bitcoin is just a means or a tool, but if we don't know how to use it well, it won't help us achieve our financial and other goals.
Without hard work on yourself, learning and research, planning and developing a strategy and a basic understanding of the crypto market, it is not realistic to expect any concrete results and earnings on btc.

it is infact good to mention this here. The mindset in which somebody uses to join bitcoin really matters alot as it will either make that person or destroy them. It you come into bitcoin with the intention of becoming an Elon Musk within some short period of time, such person may likely choose trading above investment because bitcoin investment will hardly promise you such outcome and when someone trades bitcoin with greed, they may even end up in gambling without knowing so mindset does play an important role when introducing or being introduced to bitcoin.

[Crytohillss]

The issue that attracts the most attention about Bitcoin is its value, besides the notion that BTC can make us rich quickly being a major factor. So there are people who do not want to understand this and go straight to the main goal of investing or trading. Their focus is on making money. Once they have chosen a goal, I will talk about what they want. I will set aside the unrelated parts. Next, as stage and time continue to progress, they should automatically understand how Bitcoin works. So understanding people who want to learn will be much easier than giving a lesson to others.

Absolutely, most folks first come into Bitcoin because of gain potential, the deeper understanding usually comes later once they have spent time in it different people are just at different stages. That's just how it usually goes,  some individuals  just come for the profit first without sticking to long term investment.