Post
Topic
Board Bitcoin Discussion
Re: TELLING THE TRUTH ABOUT BITCOIN
by
FaithInCrypto
on 25/02/2020, 16:48:40 UTC
It happened that yesterday a secondary school teacher who teaches in a private school visited my office after sighting my banner about learning how to buy/sell bitcoin and other cryptocurrencies. He told me he heard bitcoin could make him to become very rich at the shortest possible time. He was willing to offer me money since I have a physical office where I sell bible/Christian literature. I objected him, but took out time to educate him about bitcoin and the blockchain technology how it's possible for it to change his financial fortune with proper coaching and a determined heart of discipline. He was very concern about who will buy the bitcoin from him and if his fund will be trapped, I showed him the bitcoin market capitalization and he jerked in surprise, and talked little about custodian and non-custodian wallet. He was fascinated and at this point he is more willing to underdsatnd the market than just investing without knowledge.

Just before he left, I gave him a serious caution never to give anyone his money with the hope of getting a weekly or monthly dividend, and never to buy and coin that promises to display bitcoin in 3 years as such promising a big price growth. He promised to visit again with his I-pad and diary to start practical class.

Our little exposition of bitcoin and its working principles can help save innocent investors from Ponzi and scam promoters. I never had such opportunity 3years ago, had to read online.

You did a great job in sharing your knowledge about Bitcoin. You just saved someone's hard-earned money just by sharing your knowledge about cryptocurrency.  There is a lot of information nowadays and are sometimes too overwhelming for newbies so most of them ended up getting scammed, that is because they get tired understanding the to-do first and just jump to investing hastily, thinking it will be a shortcut to having their millions in a short period of time.