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.

[Majestic-milf]

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.

  Baba you for first read the whole thing I talk before you attack me na. Wetin I dey try related there na say you need to clear them on the disadvantages of investing in Bitcoin and not to pet them. Wetin I talk there wey look like say I wan mislead anybody. Life nah choice and if you don come across some of my takes on Bitcoin investment, I no dey in support of trying to convince anyone to invest in Bitcoin because if them no get wetin them dey find, which is quick wealth, some fit blame you.

[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.

[Edited out]

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.

Oh I totally understand, you been dey think say na only that one thing you go tell them? No, no be waiting I mean. you go need to explain from one to the end just like I said earlier. And Surely the best way to teach beginners is to start from the interesting part of it before looking into the ugly side so that when you dey explain the ugly side dem go hardly say no since they have been told about the good side they can't possibly say no rather they will be comparing the both, having told about the potential outcome if they invest and HODL in the long run they will just pay less attention to the risky aspect and only focus on investing to make profit in the long run, but in some cases they will still feel discouraged after telling them the risk that is involved. Just like @ versatile _choice Said that you don't necessarily need to be bothered about that, the most important thing is that you have teach them what dey need to know so it is left for them to figure out what they want.

[Nightwatchmare]

You can take a horse to a stream, but you cannot force the horse to drink water from the stream. If you introduce someone to Bitcoin and the person is not ready to invest in Bitcoin, do not try to convince the person to invest in Bitcoin because you will be responsible for any loss the person will obtain from the Bitcoin investment if the person follows your advice. If your friend does not want to invest in Bitcoin, focus on your Bitcoin investment and do not allow yourself to be distracted from investing in Bitcoin because that your friend will regret it big time why he did not invest in Bitcoin.

[CryptSafe]

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.

  Baba you for first read the whole thing I talk before you attack me na. Wetin I dey try related there na say you need to clear them on the disadvantages of investing in Bitcoin and not to pet them. Wetin I talk there wey look like say I wan mislead anybody. Life nah choice and if you don come across some of my takes on Bitcoin investment, I no dey in support of trying to convince anyone to invest in Bitcoin because if them no get wetin them dey find, which is quick wealth, some fit blame you.

You no go blame am sha and I see reason for wetin you dey talk too because if you dey unveil person into something like bitcoin, you go get let them know how the matter be both the positive and negative aspect of am so that if anything happen tommorrow wey be  say dem loose their asset due to liquidation or crash anyhow  e be dem already know say you don tell dem make e no be like surprise say dem dey see am for the first time and you no tell dem but make e be say dem don hear am from you for you to dey on the safe side because people dey funny sha and dem fit do you something wey you no go believe because say you kust make mistake of not telling them the negative aspect of am to prepare their mind ahead of time if anything funny happens.

[Majestic-milf]

You no go blame am sha and I see reason for wetin you dey talk too because if you dey unveil person into something like bitcoin, you go get let them know how the matter be both the positive and negative aspect of am so that if anything happen tommorrow wey be  say dem loose their asset due to liquidation or crash anyhow  e be dem already know say you don tell dem make e no be like surprise say dem dey see am for the first time and you no tell dem but make e be say dem don hear am from you for you to dey on the safe side because people dey funny sha and dem fit do you something wey you no go believe because say you kust make mistake of not telling them the negative aspect of am to prepare their mind ahead of time if anything funny happens.

Nah the Koko be this. For where money dey concerned, you need to talk the whole thing plainly so that wherever them wan carry you go, your word go still remain the same. No be everybody like Bitcoin, but because of say e fit give money, them go wan buy the idea but if them no get wetin them dey find them go start to twist mouth.

[God Tim]

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: 
 
  1. Potential for High Returns. 
  Bitcoin has shown the potential for significant growth over time. Some see it as a store of value that could appreciate much like digital gold . 
 
 2. Decentralization.
  Bitcoin operates on a decentralized network, meaning it's not controlled by any single entity like a central bank . This characteristic is believed by some to offer protection against inflation and traditional financial system failures. 
 
  3. Global Acceptance and Transferability. 
  Bitcoin is recognized and can be transferred globally, offering a streamlined way to send funds across borders without fear. 
 
  4. Hedge Against Inflation. 
  Some investors view Bitcoin as a hedge against inflation, believing its fixed supply can preserve value over the long term, unlike traditional currencies that can be devalued through printing . 
 
  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.

I don't think it by force to convince a friend on investing on Bitcoin or cryptocurrency because they might start at d wrong part and put all the blames on you dat u lead dem to the wrong way, so I think you know how to convince them not putting big amount on it and how they can go about it and you will be very careful before they tag you a bad friend and trust issues no go dey again so those kind people Na small small they do with them .

[Out of mind]

​Like basically it’s not advisable to convince anyone to invest in Bitcoin because if the market stops facing up and starts facing down, they would eventually be forced to sell at a loss. And you that convinced the person would be the one to be blamed especially when you only told them the good part and forgot to add the fact that Bitcoin is a very volatile asset.

​That said a person is only willing to invest in Bitcoin not convinced without willingness, there will be no growth in his or her investment. Overall to me you can only introduce Bitcoin to someone just tell him or her how the asset works finished. It would be up to him or her to decide if they would invest or not. Because basically there are a lot of scams everywhere and people like to believe that it’s only scammers that convince someone to invest in something. So that’s just it the person must be willing to invest, not convinced...

You are right that if you convince someone to invest in Bitcoin, you must clearly explain the positive and negative aspects of Bitcoin. If someone is convinced to invest in such a way, then he must have the knowledge so that he knows that Bitcoin is a volatile currency and there is a possibility of profit as well as loss. You should not force someone to invest in Bitcoin, but you should explain the whole thing to him first. If he agrees, then it is possible to invest in Bitcoin. And yes, since there is a lot of fraud on online platforms nowadays, there is definitely a possibility of loss if someone invests outside of Bitcoin. A person who believes in Bitcoin and has experience and skills about Bitcoin and wants to know the market well should be convinced to invest in Bitcoin.