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.

[Versatile_choice]

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.

Normally teaching dey get procedure, you fit decide to start from the juicy part before going deep. And I think you're right when you said some go easily become disinterested the moment you mention risk, yeah I have seen a situation like that before but you don't necessarily need to be bothered about that, the most important thing is you're telling them the things they need to know so after that it is Left for them to decide.

If they think the risk is too much for them of course they have every right to stay back and watch those who are willing to do it regardless, as a matter of fact everyone must not invest in bitcoin.

[osasshem]

It is being said that advising someone to invest in Bitcoin or any crypto currency is not financially advise, but the listed points can be chipped in when discussing, cause, we de talk am say, na talk de bring talk, digressing from one topic to another can bring this things to discussion. Na when the person done get interest, na em go ask more questions, before teaching fit take place, because, e get some kind people way you oh de teach something, e go be like say you de talk waytin dem no wan hear.

I also like to hit the side of risk, market decline and how investment capital can also shrink, as this is a normal thing in the system, so that they will be aware of what they are trying to venture into. Giving only the sweet side of an investment idea is not the best for me, causing if the risk is higher than the wins, there is no need to start, when I can't manage the risk.

[Majestic-milf]

Normally teaching dey get procedure, you fit decide to start from the juicy part before going deep. And I think you're right when you said some go easily become disinterested the moment you mention risk, yeah I have seen a situation like that before but you don't necessarily need to be bothered about that, the most important thing is you're telling them the things they need to know so after that it is Left for them to decide.

If they think the risk is too much for them of course they have every right to stay back and watch those who are willing to do it regardless, as a matter of fact everyone must not invest in bitcoin.

You talk something wey enter brain for this line. As you no go fit control the choices of the individual, e go good make you first clear yourself make e no come look like you give wrong information or pet am just cause you no want them to dey disinterested. You know say for this country more especially, youths dey para, eye dey red for money so any update dey needed but if you no clear them, them fit talk say you be bad person if the thing crash and them fit no even go further to do their research because some of them don stamp sm say nah legit, painless thing.

[Chinesebaby]

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.

Normally teaching dey get procedure, you fit decide to start from the juicy part before going deep. And I think you're right when you said some go easily become disinterested the moment you mention risk, yeah I have seen a situation like that before but you don't necessarily need to be bothered about that, the most important thing is you're telling them the things they need to know so after that it is Left for them to decide.

If they think the risk is too much for them of course they have every right to stay back and watch those who are willing to do it regardless, as a matter of fact everyone must not invest in bitcoin.

Na better points una two yan so, regarding the importance of telling people both the positive and negative sides of investing in Bitcoin, because practically speaking, if to say you fit genuinely run a statistics on how the early Bitcoin investors first knew about Bitcoin, you go dey surprise say na truly that "sweet mouth" part of it that actually drove a lot of people into Knowing say something like Bitcoin truly existed. But moreover, I'm not saying telling people about only the positive sides of Bitcoin investing is good, but at least to a newbie, that sweet part of it should always be the first approach, telling him or her what he might benefits, before mentioning it's negative side, so that that person fit decide if to give it a try or not.

[Lembo69]

Well, I know how difficult it is to convince someone to invest in Bitcoin More especially those that vow never to invest in Bitcoin but, here are some points you could share with them to encourage them to consider investing in Bitcoin: 
  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.

All your words are important. I just want to draw attention to your last point, starting small, that is, investing in small amounts, especially through the DCA strategy.
Currently, there are many investors who are afraid to start investing by buying small amounts, because of price fluctuations. But if an investor really wants to start investing, then buying small amounts in a new situation will be the right and best thing for him.

Because in a new situation, usually no one has much experience. So it is better to start with a small investment. Buy a small amount in the beginning, and later when a good idea about investment is formed, then he can increase his investment amount if he wants.
Investing a large amount in the beginning can create mental stress, which can be the reason for wrong decisions. So the best plan is to start with small amounts instead of investing a large amount in the beginning.
This is how a long-term, sustainable and realistic investment plan is formed. Which helps an investor to invest in the long term.

[ejikeme24]

You talk something wey enter brain for this line. As you no go fit control the choices of the individual, e go good make you first clear yourself make e no come look like you give wrong information or pet am just cause you no want them to dey disinterested. You know say for this country more especially, youths dey para, eye dey red for money so any update dey needed but if you no clear them, them fit talk say you be bad person if the thing crash and them fit no even go further to do their research because some of them don stamp sm say nah legit, painless thing.

You really consider it as pet? No that's not pet rather they are spoiling them at the same time misleading them. but most people are so blind to see that they are just spoiling them, there's nothing like pet  in my dictionary more especially when it comes to the time of teaching newbies. Infact I don't pet anyone when sharing a business or investment idea to them because I wouldn't want a situation Where they will come blaming me for their misfortune,  those that think petting newbies is the best thing what if they eventually experience Loss and come back complaining what are you going to explain to them?  Are you going to tell them that you Where actually trying to pet them that's why you didn't let them know about the risk side? I'm sure they won't even find it helpful and surely that's not enough reason to justify that. So it is better to be honest while teaching newbies about Bitcoin investment so that they won't mistake your good for evil.