Here are some points you could share with a friend about Bitcoin

[Mate2237]

Global acceptance is one very important feature about Bitcoin that has given it an hedge as an asset. Bitcoin can be accepted any were this is due to it global acceptance rate this has position Bitcoin to be one means through which international businesses can be done with ease consider the fact that when it comes to international trade there are some difficulties which usually arise due to the fact that money transfer across borders usually has procedures which it follows. But Bitcoin has been able to break that as you can easily make payments without any hindrance as Bitcoin is decentralized.


Bitcoin is also seen by many an hedge against inflation, this is why many are accumulating Bitcoin they are protecting themselves Against the effects of biting effects of inflation which reduces the value of Fiat currencies mile we are experiencing with the Naira, that usually depreciates.

[Obulis]

  5. Learning Experience and Starting Small.
  It's wise to approach any new investment with caution. You could suggest starting with a small amount that they are comfortable losing, treating it as a learning experience in a new asset class before starting with a huge amount.
 
 
However,  When discussing investments, it's crucial to be honest about both the potential, You should also,Explain the risks emphasize that the value of Bitcoin can be very volatile,  Encourage them to do their own research from reliable sources, Most importantly (diversification). Advise against putting all their funds into one asset. Once they get to overaccumulation status they should look into diversification you could suggest starting real estate if they still have enough discretionary income to do that or other related investment that seems promising and reliable to avoid one particular point of failure.

These number 5 will do a very good work on their minds. In other words, grabbing the basics and probably starting with DCA strategy. In as much as I still find it definitely difficult to insist on what people don't ordinarily pay attention to, but whenever there is a limelight to encourage people about Bitcoin I do it with courage! Starting with just the basics and how money that you can freely lose without regrets as in discretionary funds can play the magic over a certain period of time.

[Versatile_choice]

  5. Learning Experience and Starting Small.
  It's wise to approach any new investment with caution. You could suggest starting with a small amount that they are comfortable losing, treating it as a learning experience in a new asset class before starting with a huge amount.

You're very correct, most beginners feel that bitcoin is very expensive for them to afford that is why I find this number 5 suggestion very helpful because it will cheer them up or even give them the courage to start investing since they are allowed to invest with any amount using the DCA method.

 I think this  is a more reason why we need to convince people to invest in bitcoin because most of them may not know about this probably just thinking that there's a fixed amount they need to buy with, I'm sure these is what is keeping most people on hold till this time.

[Majestic-milf]

 Your number 1 point dey true about Bitcoin but at the same time, e also dey misleading because newbie go view am in the light of just being able to bring an investor profit and no trace of loss and this situation go fit make them use all their savings invest. For one, e no dey advisable to tell anyone to invest in Bitcoin because person no go dey think of how to see food to chop and come still dey worry for how him dey miss out of Bitcoin investment because e get the way some people go approach this investment of a thing and them go make am look like say you wey never start your journey dey miss out and with how the country don dey, youths dey find anything to being money for their table and when you come imagine such a situation, come start the conversation with "Potential of yielding results", e go sound too attractive and with little information, the person fit lose more than them bargain for so basically, e no dey advisable to pressure anyone about Bitcoin.

[Cryptomultiplier]

Pointing my friend in the direction of Bitcoin is as good as me introducing them to this forum, where they can learn a lot and mingle with others with similar interests and experiences to share on failed or successful investment plans.
It is part of aiding their research and highlighting the important things to note while they consider joining the Bitcoin journey.

Also, I don't think an investor can over accumulate Bitcoin, your investment plan for Bitcoin should always have a time frame and it's most profitable to consider a decade to say it is enough, but some can diversify after 5years of their accumulation plan and they would still have some good returns but not much I fear.

[Padi24]

Your number 1 point dey true about Bitcoin but at the same time, e also dey misleading because newbie go view am in the light of just being able to bring an investor profit and no trace of loss and this situation go fit make them use all their savings invest.

You're not getting it, you know while teaching you will have a way of starting up so that your student will understand everything you are teaching them, you can't just pick few things and then leave the rest no" even if you do it that way they will not understand so for better understanding you will have to start from A-z what I'm trying to say is you might start explaining from number one or even the last so long as you're going to touch the whole areas it's fine, but it is very wrong to tell them about the good side of Bitcoin and forget about the other side of it, you're not going to make a good teacher if you're going with that approach.

[Majestic-milf]

Your number 1 point dey true about Bitcoin but at the same time, e also dey misleading because newbie go view am in the light of just being able to bring an investor profit and no trace of loss and this situation go fit make them use all their savings invest.

You're not getting it, you know while teaching you will have a way of starting up so that your student will understand everything you are teaching them, you can't just pick few things and then leave the rest no" even if you do it that way they will not understand so for better understanding you will have to start from A-z what I'm trying to say is you might start explaining from number one or even the last so long as you're going to touch the whole areas it's fine, but it is very wrong to tell them about the good side of Bitcoin and forget about the other side of it, you're not going to make a good teacher if you're going with that approach.

I get wetin you mean and I no dey against am but as you take put am nah make me dey talk. Normally, when you wan start conversation with person or your student as you put am, you go bring up the excited parts so that you go get their attention before you go deep, I get, but at the same time, some go easily become disinterested the moment you mention how to invest in Bitcoin nah huge risk and tendency to lose money dey.