What should you know before recommending Bitcoin to a friend?

[Sally9256]

The ideas are Atilla remain constant, that is you don't need to force anyone who's not interested in bitcoin to understand every single aspect of it without him ready to learn. In my own perspective for me to suffer myself and explain everything, I must make sure the person is fully interested genuinely, then I can as well take my precious time to teach them or explain every bit of it to the neat of my understanding to him, all the risk and advantages in it, telling them to invest in bitcoin but it should  e only the money they can afford to lose, so there is no point in putting someone through on something they have no interest on. Though we actually have some smarter one's that do ask questions, so all those people may motivate you more break down everything they needed to know.

There is a saying that says, interest first, education second. So in a case like this a person needs to show you they actually want to learn, then you can then start thinking of lecturing them about it.

When it comes to bitcoin and asking them to invest, you need to lay much emphasis on Investing what they can actually afford to lose, with that protect them and also the relationship between you guys. Also tell them he volatile bitcoin is, so as much as they are expecting returns they should also expect a down run.

And I get your point on how curious people encourage to teach more, so when you teaching someone who is willing to learn it really helps so much.

[WhoYouCantKill]

Alot of us may not have really got the knowledge we are getting here elsewhere, everyday am always happy that i belong to this community, and it is also recommendable while telling others about bitcoin, that part of having a very high expectations of bitcoin is a very big mistake a lot of people falls victim of, they get carried away by the excitement of getting to know about Bitcoin, the bitter truth is that your expectations doesn't influence the market in any way and why it is best not to have a high expectations so you don't get disappointed when the reality is happening.

Very true. Learning about Bitcoin should help people to understand the technology as well as its potential, and not to help or push people create some kind of unrealistic expectations about Bitcoin price and profits. One thing that’s sure about the market is that, it will always move according to its own dynamics, regardless of how excited we are about the market. And this is why it’s crucial for investors and enthusiasts to maintain a realistic expectation as this is what really helps people to think clearly and set their emotions aside when making decisions, rather than jumping into irrational conclusions simply because of how they feel.

[Tongley]

Alot of us may not have really got the knowledge we are getting here elsewhere, everyday am always happy that i belong to this community, and it is also recommendable while telling others about bitcoin, that part of having a very high expectations of bitcoin is a very big mistake a lot of people falls victim of, they get carried away by the excitement of getting to know about Bitcoin, the bitter truth is that your expectations doesn't influence the market in any way and why it is best not to have a high expectations so you don't get disappointed when the reality is happening.

Very true. Learning about Bitcoin should help people to understand the technology as well as its potential, and not to help or push people create some kind of unrealistic expectations about Bitcoin price and profits. One thing that’s sure about the market is that, it will always move according to its own dynamics, regardless of how excited we are about the market. And this is why it’s crucial for investors and enthusiasts to maintain a realistic expectation as this is what really helps people to think clearly and set their emotions aside when making decisions, rather than jumping into irrational conclusions simply because of how they feel.

In personal life and investment, expectations are the worst. The reason for saying this is that when a person has high expectations from something, then he will definitely not get what he expected from that place and even if it does happen, he will not be willing to hunt or it will not be to his liking. The same is true in investment, if a person has high expectations, then he will definitely get out of the investment mentality because he will always have an expectation from Bitcoin and most of the time it will be seen that nothing has happened in the Bitcoin market according to his expectations, then he may be encouraged to sell or get out of the investment mentality

[tech30338]

Alot of us may not have really got the knowledge we are getting here elsewhere, everyday am always happy that i belong to this community, and it is also recommendable while telling others about bitcoin, that part of having a very high expectations of bitcoin is a very big mistake a lot of people falls victim of, they get carried away by the excitement of getting to know about Bitcoin, the bitter truth is that your expectations doesn't influence the market in any way and why it is best not to have a high expectations so you don't get disappointed when the reality is happening.

Very true. Learning about Bitcoin should help people to understand the technology as well as its potential, and not to help or push people create some kind of unrealistic expectations about Bitcoin price and profits. One thing that’s sure about the market is that, it will always move according to its own dynamics, regardless of how excited we are about the market. And this is why it’s crucial for investors and enthusiasts to maintain a realistic expectation as this is what really helps people to think clearly and set their emotions aside when making decisions, rather than jumping into irrational conclusions simply because of how they feel.

If this is the kind of mindset a person or other people will do then they don't have to worry of losing money because of their wrong thinking that if they buy bitcoin they can be instantly rich, they have to learn how to control their emotions, and think clearly like what you said, set aside the fantasy that they would be rich someday instead try to learn and do things slowly not by looking in the future, but every steps should be calculated and don't make emotion clouded their judgement about something.