We should be telling our siblings truth about bitcoin investment

[DYOR+BTC]

This is a typical example of newbie educating newbie, the person passing this message may not even  be fully aware of what Bitcoin is all about. I have many people who have that mentality about Bitcoin being a get rich quick scheme, like it is a Ponzi scheme. And I don't blame them though, this type of people get wrong information from less knowledgeable people about Bitcoin, and pass it down to others without proper research. Except they come in contact with a knowledgeable person, they might still be going along with this kind of mindset. My advice to new investors is that you need to do your research (DYOR) even after being told. The world has advanced to a stage that we don't need to learn from people alone, you can still do some research online and knowore about what you want to emback on, otherwise you might be misinformed and be spreading false information without confirmation and be having high hopes on things that are not true.

[CryptopreneurBrainboss]

It is not possible to give any confirm that the money will be gained 100% by investing in Bitcoin, because Bitcoin is very volatile and its price fluctuates rapidly but by investing consistently with a long-term plan, the risk of losing money is reduced and there is a possibility of profit in the future.

Not just a possibility but a guarantee that you are going to make profit because looking back at history there hasn't been anyone that invested in Bitcoin and did not make profit as the years goes by. The only time you might not make a profit is when you sell during the bear market and unfortunately for you the sell price was lower than the price you bought when entering into the investment but if this was to happen then all you have to do is just to hodl more and you are going to make profit.

Bitcoin runs only 4 years cycle so if you buy Bitcoin during this current bear market, the chances of you making profit in the future is almost guaranteed. People use the get rich scheme to convince people into investing in Bitcoin but what they fail to realize is that you don't have to sell lies for people to invest in Bitcoin or make it seem like a get rich scheme instead what you should be selling for anyone picking interest in Bitcoin is patience because that is all you need to make profit.

It does not matter who you are trying to convince and irrespective of their affilation to your family, always tell them the truth so as to avoid being blamed in the future for any of their misfortune.

[Cityhunter34]

Any one that believes that bitcoin make you reach overnight is lying and if you believe that means you don’t have any knowledge and experience about bitcoin because how can someone just told you that you can get rich quickly in bitcoin so easily you need to face challenges on it first and leave it for long term.

I don’t really no why some will be lying for others to invest in bitcoin without even getting any benefit from them if they invest. So is better you should explain to them on how he goes so that they can understand better and decide to invest or not. But saying that you can get quick money when investing in bitcoin, that is a big lie and people that this are not a good investors and won’t benefit what they always wish.

The truth is that people reason differently, so it's very easy to convince someone who's desperately in need of money that Bitcoin investment is the best way to make money quickly. But it's absolutely not advisable to do such a thing because it makes no sense to lie to someone who has no idea on how to do it. Honestly, I think it's high time they stop making things difficult for people who have no interest in Bitcoin investment, because it's absolutely not something you should force on anyone at all.

[Jubilee58]

Sometimes I dey blame people wey dey think that bitcoin is nearest and simplest way to get rich if we invest for it, we should be telling our brothers and sisters the truth about bitcoin, i overheard two young boys discussion about bitcoin, one were telling the other one that soon it will be rich as he invested $100 in bitcoin yesterday, and the other one said his elder brother told him that if he invest in bitcoin he get rich quick as possible
I think we should stop deceiving our siblings that with bitcoin investment we can escape poverty immediately, that is a misinformation to our younger ones about bitcoin, if we invest in bitcoin now, we are not going to be rich as we expected, and if it's possible to be rich immediately you invest in Bitcoin, almost everyone who have known bitcoin for long time would have be rich all

Youngs research for bitcoin before you invest, bitcoin does not make instant rich, and if you invest to be rich immediately, you're not going to be rich, it said let me spread this information, I dont know it have being treated here before

It is a good thing to introduce our siblings into bitcoin investing because financial stability can be gained with long term investment strategy.
Making good money on short term investment in bitcoin is very uncertain. So knowing this, it is now very wrong to begin to tell our siblings that if they invest in bitcoin that they can become rich in six to time or in one year time. That is a big lie, and a deceptive statement, it means you don't want your siblings to grow as Bitcoin investors.
If you are a bitcoin investor who understand the nature of bitcoin, and how it rewards investors, it does not give you good reputation to begin to deceive people, and promise them what bitcoin does not guarantee.

[JoyceBTC]

These are the common mistakes most people are making. It's absolutely wrong to start telling newcomers about how quickly they can get rich overnight in Bitcoin, because as far as I know, Bitcoin investment doesn't work that way. Sometimes we need to be upfront with them early because humans are unpredictable.

Instead of telling them about quick profits from Bitcoin, it would be better to tell them about the risks involved and how to manage their investment for the long run without panicking, because an investor needs nothing but the basic knowledge.

Just telling them about bitcoin as one of the quickest way to get rich overnight, I think is another way of people trying to force others to invest because they feel if they inform people about the risk involved and about how volatile bitcoin is, most people will not want to invest.

Bitcoin investment should never be forced on anyone and also people shouldn’t try too hard into convincing someone to invest. The most important thing to do when trying to introduce someone to bitcoin, is to let’s them know about the basics of bitcoin, the risk involved in investing, how volatile it is, how it works, it benefit, security and most importantly also encourage them to make research also.

[Grace333]

People in today's world with vast information on the internet show know by now that bitcoin is not a get rich quick scheme even though it's considered volatile. Volatility doesn't make it thesame with shitcoin or altcoins it will continue to be the king of cryptocurrency because it has made it's name already by being reputable as the first digital coin. Those who categorize bitcoin as one of those ponzi clearly do not know what ponzi is else they wouldn't even think of that.

[Miles2006]

Bitcoin investment is not a quick rich investment, I understand newbies are not knowledgeable enough to understand how long it takes according to op the person in question only invested $100 and expecting a profit so soon. How soon should anyone expect bitcoin profit should not be given much attention, bitcoin market is volatile and requires patient meaning an investor must hold for longer time although the issue of holding and wanting quick profit is the most talked about yet many don’t seem to understand besides $100 is not enough to create such huge wealth as imagined rather a consistent buying plan will definitely help, reason why one must be financially stable before thinking of bitcoin investment.