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Author Topic: What should you know before recommending Bitcoin to a friend?  (Read 5266 times)
IjawMan
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August 19, 2026, 11:18:06 PM
 #401

6) Bitcoin payments cannot be reversed
I can swear it that 80% of persons who tell people about Bitcoin never remembered to tell them about this very important part about Bitcoin. It may sound scary for newcomers to hear about it and could discourage them, this could be the reason for many Bitcoiners not talking much about this to people they are newly introducing Bitcoin to. The profit and investment and how to store it safely has been the most pronounced.

R


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August 20, 2026, 01:49:04 AM
 #402

Was there ever a time when the price of bitcoin jumped high enough that someone could end up with millions worth of bitcoin from giveaways and airdrops? I know bitcoin has had such a big growth from when it first became a thing but I don't think a change this high has ever happened in the history of bitcoin, not in the time frame you pointed out.
It's not even likely to have happened in a matter of months so happening in s matter of weeks is unrealistic, even back then. What you can say is that if someone was able to get bitcoin then with the value at the time then that person's bitcoin will be worth millions now, that took years to happen but it's the reality we are living in today.
And the potential for bitcoin to still grow further that what you buy with very little today migtens up being worth millions in the near future is very much possible.

Maybe there was a time like that, but the price was not significant like it's today. Many people gave out Bitcoin for free, faucet where sharing Bitcoin for just visiting their websites. If some of those Bitcoins were kept till now, they would be worth more than a million, unfortunately, they sold their Bitcoin for pennies. I'm not sure if there is a wallet that earns Bitcoin for simple task that still controls their wallet address, most likely, the Bitcoin might still be there, but they can't access it again because they don't have the keys.

The good old days are gone, I'm not sure if there are any legit projects that airdrop Bitcoin as giveaways. The centralised exchanges that do promotions don't share sats with people because they fear the controversy that surrounds Bitcoin, they don't want to be accused of using customers Bitcoin for giveaways, which is why you see stable coins an alts for promotions.

If you want to make a fortune out of Bitcoin and print millions, you will have to invest millions, it's now Energy for Energy.  Grin

Yes, the early days of the Bitcoin faucets were very different from what they are today. At the time bitcoin was virtually worthless, and a handful of coins for doing some basic work didn't seem to matter much. But, if someone managed to retain their BTC for several years, they may end up having loads of money. But when encouraging a friend to invest in Bitcoin, we can't guarantee that a small investment will turn into millions. Bitcoin has already seen significant investment gains, but returns in the future are unknown and volatility is high. A new investor should be aware of the risks, keep their private keys secured and invest only what they can afford to lose. The free Bitcoin days are over but the idea of waiting and investing for the long haul is still good.

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Big Dirams
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August 20, 2026, 10:27:10 AM
 #403

Was there ever a time when the price of bitcoin jumped high enough that someone could end up with millions worth of bitcoin from giveaways and airdrops? I know bitcoin has had such a big growth from when it first became a thing but I don't think a change this high has ever happened in the history of bitcoin, not in the time frame you pointed out.
It's not even likely to have happened in a matter of months so happening in s matter of weeks is unrealistic, even back then. What you can say is that if someone was able to get bitcoin then with the value at the time then that person's bitcoin will be worth millions now, that took years to happen but it's the reality we are living in today.
And the potential for bitcoin to still grow further that what you buy with very little today migtens up being worth millions in the near future is very much possible.

Maybe there was a time like that, but the price was not significant like it's today. Many people gave out Bitcoin for free, faucet where sharing Bitcoin for just visiting their websites. If some of those Bitcoins were kept till now, they would be worth more than a million, unfortunately, they sold their Bitcoin for pennies. I'm not sure if there is a wallet that earns Bitcoin for simple task that still controls their wallet address, most likely, the Bitcoin might still be there, but they can't access it again because they don't have the keys.

The good old days are gone, I'm not sure if there are any legit projects that airdrop Bitcoin as giveaways. The centralised exchanges that do promotions don't share sats with people because they fear the controversy that surrounds Bitcoin, they don't want to be accused of using customers Bitcoin for giveaways, which is why you see stable coins an alts for promotions.

If you want to make a fortune out of Bitcoin and print millions, you will have to invest millions, it's now Energy for Energy.  Grin
You are right the good old days are long gone and now with the value of bitcoin no more free bitcoin for airdrops or task anymore because they are fully aware of the value it has and they mostly give stable coins for tasks and airdrops and nowadays again most of this AirPods that gives free tokens are now using people and not giving them any token just as they promised.

But during those years  where bitcoin are given just for small and simple task, if any of this receivers could have hold their bitcoin from those years till now then they will make good profits but those years many don’t even know the potential of bitcoin in the future and they just sold everything for little profits.
But do you think they would be any who hold from those years till date? I doubt.

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August 25, 2026, 05:26:37 PM
 #404

6) Bitcoin payments cannot be reversed
I can swear it that 80% of persons who tell people about Bitcoin never remembered to tell them about this very important part about Bitcoin. It may sound scary for newcomers to hear about it and could discourage them, this could be the reason for many Bitcoiners not talking much about this to people they are newly introducing Bitcoin to. The profit and investment and how to store it safely has been the most pronounced.

Yes I completely agree with you on this, and if I tell someone about Bitcoin, I don't tell them this. The reason I don't say it is because I don't think it is necessary and the risk is not there. Yes it is a risky thing but I don't think a person would be afraid to invest because of it. With time a person might learn everything about it and he might know.

But the thing I always emphasize when telling someone about Bitcoin is that the first thing I tell a person who is willing to invest is about the risks of Bitcoin. Along with this I tell them about the market volatility and all the other risks because if they ever invest then if they see the market volatility they get scared and face losses by selling their holdings then they can't blame us.

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August 25, 2026, 08:29:42 PM
 #405

6) Bitcoin payments cannot be reversed
I can swear it that 80% of persons who tell people about Bitcoin never remembered to tell them about this very important part about Bitcoin. It may sound scary for newcomers to hear about it and could discourage them, this could be the reason for many Bitcoiners not talking much about this to people they are newly introducing Bitcoin to. The profit and investment and how to store it safely has been the most pronounced.

Yes I completely agree with you on this, and if I tell someone about Bitcoin, I don't tell them this. The reason I don't say it is because I don't think it is necessary and the risk is not there. Yes it is a risky thing but I don't think a person would be afraid to invest because of it. With time a person might learn everything about it and he might know.

But the thing I always emphasize when telling someone about Bitcoin is that the first thing I tell a person who is willing to invest is about the risks of Bitcoin. Along with this I tell them about the market volatility and all the other risks because if they ever invest then if they see the market volatility they get scared and face losses by selling their holdings then they can't blame us.
Wouldn't it be better not to hide that fact ?

That point (number 6) covers a fundamental aspect of Bitcoin, and I think you should share this information, especially to newbie or beginners who want to know about Bitcoin. After all, everyone needs to understand such basics so they don't take the Bitcoin transactions they intend to make lightly. Personally, I will continue to share what I know about Bitcoin, and won't hold back the truth, particularly regarding its usage. Because, I don't want anyone making mistakes due to a lack of knowledge.

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