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.

[ImGenius]

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

True, When recommending Bitcoin to someone we must definitely keep in mind that we should not give them too much expectation. We should definitely tell them the good and bad sides so that when they invest they don't have any such expectations in their mind and prepare themselves mentally to hold for the long term. Everyone enters Bitcoin through different methods and each method should be taught to them as well as its security so that they never face any kind of problem.
We can expect profit around three to four years after the Bitcoin investment and they should also be warned so that they don't chicken out before this time in any way.

[Fiasem20]

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

True, When recommending Bitcoin to someone we must definitely keep in mind that we should not give them too much expectation. We should definitely tell them the good and bad sides so that when they invest they don't have any such expectations in their mind and prepare themselves mentally to hold for the long term. Everyone enters Bitcoin through different methods and each method should be taught to them as well as its security so that they never face any kind of problem.
We can expect profit around three to four years after the Bitcoin investment and they should also be warned so that they don't chicken out before this time in any way.

If you want to sugarcoat bitcoin to a newbie then you should be ready to be blamed whenever there’s a price decline.That’s where the expectation comes into the picture because when you only make emphasis on the price increment they would be left with nothing but to have a high expectations,so if that’s the case I won’t completely blame them but the introducer.The reason why I said I won’t completely blame them is because they’re expected to carryout their own research after they have been told about bitcoin,by the way bitcoin volatility doesn’t seem like a premium course where you’ll have to pay to unlock the course,bitcoin volatility can be learned during your early learning phase of bitcoin.Even if you use your search engine to search what bitcoin is the internet would definitely add bitcoin volatility to the basic knowledge.

[Decimetre]

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

True, When recommending Bitcoin to someone we must definitely keep in mind that we should not give them too much expectation. We should definitely tell them the good and bad sides so that when they invest they don't have any such expectations in their mind and prepare themselves mentally to hold for the long term. Everyone enters Bitcoin through different methods and each method should be taught to them as well as its security so that they never face any kind of problem.
We can expect profit around three to four years after the Bitcoin investment and they should also be warned so that they don't chicken out before this time in any way.

You may not give them high hopes from the beginning and they end up creating their own hopes the wrong way. Everyone that comes to bitcoin has a motive which forms their first view about bitcoin. A person can start investing in bitcoin with the right mindset and later deviate into doing the wrong things. No matter the method a person gets into bitcoin, the common goal is success. Most people see success as picking every slight profit that comes to their investment which means the person will end up trading when he initially planned to keep a long-term but for the fact that he also believes the long-term investment is all about the profit that comes with it. So when telling a beginner that he should hold for a long-term, it should be emphasized that it's not only about profit, but holding for a long-term will also give you another benefit that includes preserving the value of your money and also making savings for the future.

[Prince patrick]

Very important topic, sometimes we only tell our friends about the positive side of Bitcoin trading, because we want them to be excited and quickly start trading. I have seen so many cases like that, and this has destroyed a lot of relationships. Why hide it? Tell them the truth, open up, tell them that they can loss money and they won't be getting a refund, explain to them that prayers doesn't work in Bitcoin trading, keep your religious beliefs aside and pick up some useful knowledge instead. It will help you in a long run. Don't borrow your friend money to use in trading if it is his first time, let him use his own money, so he will be even more extremely careful, because he wouldn't want to lose the money he struggled to make. Don't give them financial help, only give them the basic knowledge. Peace ✌️

[Abbatty]

Very important topic, sometimes we only tell our friends about the positive side of Bitcoin trading, because we want them to be excited and quickly start trading. I have seen so many cases like that, and this has destroyed a lot of relationships. Why hide it? Tell them the truth, open up, tell them that they can loss money and they won't be getting a refund, explain to them that prayers doesn't work in Bitcoin trading, keep your religious beliefs aside and pick up some useful knowledge instead. It will help you in a long run. Don't borrow your friend money to use in trading if it is his first time, let him use his own money, so he will be even more extremely careful, because he wouldn't want to lose the money he struggled to make. Don't give them financial help, only give them the basic knowledge. Peace ✌️

Why Bitcoin trading and not investment. For someone who is dare to you I think you should encourage them to invest in bitcoin rather than trading. When It comes to trading, most people can’t handle the tension one emotions, so it better you advice them to go into work investing in bitcoin.

Tell them, encourage them to invest in Bitcoin, make them know holding for a long time will hopefully bring good returns, and remember to tell them to invest with their discretionary income, with that they don’t get too emotionally wounded when there is a Dip in the market.

[WhoYouCantKill]

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.

First of all, approaching gambling with this kind of mindset maybe not necessarily prevent you from ever losing in your investment, because losing may sometimes be inevitable, but having this mindset would for sure make one have and approach gambling with a more realistic expectation which in turn would make one have the right mindset when investing thereby reducing the risk of unintended outcomes and losses are a result of bad decisions.

[L E G E N D A R Y]

You may not give them high hopes from the beginning and they end up creating their own hopes the wrong way. Everyone that comes to bitcoin has a motive which forms their first view about bitcoin. A person can start investing in bitcoin with the right mindset and later deviate into doing the wrong things. No matter the method a person gets into bitcoin, the common goal is success. Most people see success as picking every slight profit that comes to their investment which means the person will end up trading when he initially planned to keep a long-term but for the fact that he also believes the long-term investment is all about the profit that comes with it. So when telling a beginner that he should hold for a long-term, it should be emphasized that it's not only about profit, but holding for a long-term will also give you another benefit that includes preserving the value of your money and also making savings for the future.

Very right, this is how people should make introduce Bitcoin to newbies, this gives a better understanding of how investing in Bitcoin looks like and what they should expect, because a lot of people whose mindset has shifted away from doing the right thing is the incomplete information they receive, which they also fail to research more about Bitcoin by themselves without waiting for someone else to put them through. Sincerely if people put this into practice, it will help them to stay long and disciplined till they accomplish their goals.