Benefits of referring people to crypto.

[Israelgogo]

We still have a lot ignorance people in the street but I know telling people about what you know implicates you either negatively or positively but still is good to refer people about crypto market, I talk to a friend of mine who has money to invest in btc and he ignored me for a while and after three months later he came back and said I want start that stuff, so I gladly assist him to get a wallet and he started up and today is investing so much in crypto because he went further to learn trading and he doing well. Now on my own end this local exchange app gives referrals bonus every transaction the person under performs, unexpectedly some days I just check my wallet and see cash, and I still enjoy him for helping him.

So take the challenge and introduce your knowledge to people, it pays

[Ambatman]

This isn't something I would advice others to emulate
Introducing a person to Bitcoin has it's risk not to mention crypto.

I talk to a friend of mine who has money to invest in btc and he ignored me for a while and after three months later he came back and said I want start that stuff

investing isn't trading
I would assume that you are inform him about the risk involved
Cause if anything goes wrong to him is on you.

The best I do with Bitcoin is give you snippet and directions
And the rest is on you.
I'm not really a fan of publicising I know Bitcoin.

[_act_]

When I introduced someone to crypto and it got to the use of those centralized exchanges, I always forget to give the people my referral link.

It is still good to be very careful because wrench attack is now very common.

You also included trading and you said he is doing very well, tell him to be very careful. Holding is better.

[Aanuoluwatofunmi]

but still is good to refer people about crypto market,

Do you think this forum or crypto market operates as a referral programs that you will have to gain something by referring people to do something they never expected or wanted to do, anyone that develops interest in learning about cryptocurrency should directly come to you and then you give them the insight about it, not you taking yourself to them and losing your privacy about what you do.

So take the challenge and introduce your knowledge to people, it pays

In what ways does it pays me?

[EL MOHA]

So take the challenge and introduce your knowledge to people, it pays

It’s not actually bad introducing anyone to cryptocurrency while it has its advantages I think it does have its disadvantages too and most of the time using this your method of persuasion definitely has more negativity than positivity because once the person start to lose then you take the blame for introducing them to it, allow them to take the bold step of coming to learn not going to get them and like it’s a Ponzi scheme advert.

This idea of earning through referral is what has lead us to most of the crypto influencers we have now, they don’t actually bring in people into crypto because they want to help but just to get paid and that’s why they most lead them to trading which is where they could get the referral bonuses more. Personally I will say very few people actually come through this process of learning crypto that get it right most were feed with a get rich quick narrative

[Z_MBFM]

We still have a lot ignorance people in the street but I know telling people about what you know implicates you either negatively or positively but still is good to refer people about crypto market, I talk to a friend of mine who has money to invest in btc and he ignored me for a while and after three months later he came back and said I want start that stuff, so I gladly assist him to get a wallet and he started up and today is investing so much in crypto because he went further to learn trading and he doing well. Now on my own end this local exchange app gives referrals bonus every transaction the person under performs, unexpectedly some days I just check my wallet and see cash, and I still enjoy him for helping him.

So take the challenge and introduce your knowledge to people, it pays

Investment and trading are not the same thing. If you teach someone to invest, then in that case he can benefit, this is your help for him. But if you find benefits by helping someone and earn referral commission from him by advising him to trade, then in that case the person you are teaching about crypto may be harmed. Because trading is very risky, the person you teach about it may come to a new situation and lose a lot, which will cause him financial loss and he will blame you for it. So if you want to help someone, help him selflessly, not for any benefit.

[I_Anime]

We still have a lot ignorance people in the street but I know telling people about what you know implicates you either negatively or positively but still is good to refer people about crypto market, I talk to a friend of mine who has money to invest in btc and he ignored me for a while and after three months later he came back and said I want start that stuff, so I gladly assist him to get a wallet and he started up and today is investing so much in crypto because he went further to learn trading and he doing well. Now on my own end this local exchange app gives referrals bonus every transaction the person under performs, unexpectedly some days I just check my wallet and see cash, and I still enjoy him for helping him.

So take the challenge and introduce your knowledge to people, it pays

That’s good hopefully he will be aware of the risk involved in investing or trading in this space . I’ve also referred someone in this space and she’s doing so well , first i introduce her to crypto airdrop during notcoin era and we made some good money then cause that year was more of airdrop year (2024) . But on her own she went further also learn how trading works , which some guidance from me and now she’s using it to do well for herself and she kept thanking me and showing me that respect for bringing her into this space , tbh the feeling is great to someone you guide and referred during great and making something good from you referrer them too and now I’m still showing some friends are it works and I’ve never forgetting telling them how risky it is here .

[PrivacyG]

You are giving the example that ends well.  There is a pretty large chance the person you are referring to Bitcoin is not going to resist the temptation of jumping in hype or quitting out of uncertainty and you will take the blame for it.  Or worse.

Referring people to Bitcoin that you personally know is not a good idea over all in my opinion.

[acroman08]

So take the challenge and introduce your knowledge to people, it pays

I'll only do it if the people are actually the ones who asked me to introduce them to it, if not, I'll keep my mouth shut and mind my own business.

I don't know why, but it feels like you only introduced your friend to Bitcoin in hopes of making him use your referral. But then again, this is just an assumption, so I could be totally wrong.

[Mia Chloe]

~snip

If there's actually any advantage at all it's gonna be on the side of the person that was actually introduced in most cases and that also depends on how good the information he had was. People these days are only money minded and that's often the start point of their naivety and mistakes.

You also included trading and you said he is doing very well, tell him to be very careful. Holding is better.

This is a wrong statement. Hodling is not better than trading and it has never been better than trading. The key word is RISK that's what determines what you'll eventually go for.

[_act_]

This is a wrong statement. Hodling is not better than trading and it has never been better than trading. The key word is RISK that's what determines what you'll eventually go for.

I am referring to bitcoin holding. Just check the statistics of losers and gainers between people that hold bitcoin and the people that are trading bitcoin and other crypto to know what I am talking about. If his friend is new to crypto, I have told him the best thing, that he should tell him to be very careful of trading than later regretting. Holding bitcoin is far better than trading, for most people.

[Mia Chloe]

I am referring to bitcoin holding. Just check the statistics of losers and gainers between people that hold bitcoin and the people that are trading bitcoin and other crypto to know what I am talking about. If his friend is new to crypto, I have told him the best thing, that he should tell him to be very careful of trading than later regretting.

Present undeniable statistics that the average successful hodler would be better than the average successful trader and I'll agree to you. I repeat the idea that hodling is better than trading is just wrong their difference is just risk levels nothing more. A newbie that keys into trading in half a decade will be far ahead of the one hodling.

Just because there are a buck load of unsuccessful traders out there doesn't mean hodling is better it only buttresses the risk level, besides bitcoin wouldn't be as big as it is today if everyone kept hodling.

[EarnOnVictor]

-snip-
So take the challenge and introduce your knowledge to people, it pays

That means you are focusing on the referral system of it, which is not bad. I also always ask for people's referral codes before I join any exchange, so that they can benefit from me, no matter how little, instead of the exchanges taking all the money.

However, don't be selfish, ensure that you fully educate your friend about this. Having his coins in a centralised exchange is dangerous, as "Not Your Keys, Not Your Coins."

[Samlucky O]

I think you don't even know the different between introducing Someone to Bitcoin and crypto, well to an ordinary person crypto may mean Bitcoin investment, but to those who knows the difference according to forum slogan it basically means altcoin. And to many crypto is just shitcoin that is worthless. So telling your friend to invest in crypto means that you advice him to invest is shitcoin. And In this part of the world trading is like gambling Also, so indirectly your have exposed your friend to risk of either gambling with shitcoin or trading unknowingly. I know you tried to educate your friend about Bitcoin but next time when educating someone try to explain the risk involved and the security measures that's needed. Because the way you sound it's obvious that you made your friend believe that he could make more money in less than no time, that's why he is eager to make money by trading instead of investment.

[MarryWithBTC]

Referring people to bitcoin should be done without consideration to referral bonuses. Referral bonuses could make one exaggerate things in other to enjoy benefits.

Bitcoin is not about referrals, but benefiting from it is not a bad thing. But it shouldn't be the reason for introducing people to bitcoin. Meanwhile, check on your friend and ask how he is doing, incase he is overwhelmed. Tell him to slow, but if he's doing well, that's okay.

[Hamza2424]

We still have a lot ignorance people in the street but I know telling people about what you know implicates you either negatively or positively but still is good to refer people about crypto market, I talk to a friend of mine who has money to invest in btc and he ignored me for a while and after three months later he came back and said I want start that stuff, so I gladly assist him to get a wallet and he started up and today is investing so much in crypto because he went further to learn trading and he doing well. Now on my own end this local exchange app gives referrals bonus every transaction the person under performs, unexpectedly some days I just check my wallet and see cash, and I still enjoy him for helping him.

So take the challenge and introduce your knowledge to people, it pays

You sent your referral link and made some commission. Well, that is not bad, but make sure not to tell others about crypto as an investment just to make commission from referrals. Because it might benefit you a little, but it can harm them the most. Tell them about this forum first, so they can learn the basics and become active. You can never know how much potential a person might have, even more than you, so don't hold back and tell others if you can.

Most of the time they won't listen, but if they are ready by themselves, then don't miss that chance and share what you know with them because when you share, you automatically learn more.

[tobby777]

Referral is one of the main ways crypto grew here in Nigeria tbh.

The benefits i have seen;
1.It helps new people on board faster . Instead of youtube, they learn directly from someone they trust.
2.For example, referrals bring real users not bots.that is why binance, bybit pay so well for it .
3.The referrer also learns more because they have to explain things properly because if not the pwerson they are trying to explain to might loose some amount of money if the referrer leaves anything out .

Mind you investing in crypto carries great risk and anothe risk is that some people just refer for money and do not teach the person about scams\self-custody.

what do you guys think is the best way to refer someone without making them lose money.

[ultrloa]

We still have a lot ignorance people in the street but I know telling people about what you know implicates you either negatively or positively but still is good to refer people about crypto market, I talk to a friend of mine who has money to invest in btc and he ignored me for a while and after three months later he came back and said I want start that stuff, so I gladly assist him to get a wallet and he started up and today is investing so much in crypto because he went further to learn trading and he doing well. Now on my own end this local exchange app gives referrals bonus every transaction the person under performs, unexpectedly some days I just check my wallet and see cash, and I still enjoy him for helping him.

So take the challenge and introduce your knowledge to people, it pays

Nope I won't do that, I won't even dare to talk about people, especially if I know that they have zero knowledge about it and don't have idea it exist.

Because I don't want to make them feel like I'm introducing them a ponzi scheme. That's why usual action I do is to let those people around me discover it and if they approach me then talk about those matters then will provably discuss. Not all people will easily understand it that's why I prefer to open up a discussion about this matter with fellow people understand or at least have less knowledge about crypto.

[Jubilee58]

I cannot introduce anyone to investment am not sure of, as for me , I can only introduce someone to bitcoin, and not the general cryptocurrency market.
The cryptocurrency is very volatile. Besides many of the cryptocurrency are pump, and dump. I have tried investing in altcoins in the past, and I lost everything, and I equally believe that some of us as investors also got such experience.
However, introducing people to invest in the general cryptocurrency market could be very risky, but investing in bitcoin is a sure way of making profit on the long run.

[Charles-Tim]

Because I don't want to make them feel like I'm introducing them a ponzi scheme. That's why usual action I do is to let those people around me discover it and if they approach me then talk about those matters then will provably discuss. Not all people will easily understand it that's why I prefer to open up a discussion about this matter with fellow people understand or at least have less knowledge about crypto.

You do not have to tell them only the good-to-hear part of bitcoin, you will also need to explain how it is volatile and when not to invest like after a massive bull market. You can even use calculations in relation to bitcoin price history to explain to them so that they can understand better. If you told them the down sides too, they will not blame you if they are having unrealized loss, but at last, they will be happy if they do not sell.