Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Yup, I've definitely stopped tying to explain btc to anyone these days. It's not as if there isn't enough info on the interweb now for anbody with sufficient motivation to go and find out for themselves.
I introduced several friends to bitcoin in 2013. One invested almost immediately and hodled for a few years, cashing out most of their stash near the 2017 top. They made a tidy sum but their stash is now very small and they've largely missed out on this run. Another friend left it far too late to buy in, and did so near the 2017 top and also bought a load of shitcoins because they "couldn't afford bitcoin".
They then panic sold everything during the following bear market and made a huge loss. The other day I was disheartened to hear that the same person is now buying shitcoins again. They did at least admit that they should have listened to me properly in 2013.
So I feel like I was half successful with the first friend and completely unsuccessful with the second friend, even though the info I explained to them was identical. So my conclusion was that some people are just not ready for this and I can spend my time in better ways.
As the old saying goes, "you can lead a horse to water but you can't make it drink."
Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like. Which is annoying, since I don't go around talking about anyone else's finances. So I am wondering how to address this issue. It didn't seem to matter many years ago that I had told a few of my friends about my btc holdings but now, at these prices, it's something I wish I hadn't done.
Anyone else in the same boat?
I introduced several friends to bitcoin in 2013. One invested almost immediately and hodled for a few years, cashing out most of their stash near the 2017 top. They made a tidy sum but their stash is now very small and they've largely missed out on this run. Another friend left it far too late to buy in, and did so near the 2017 top and also bought a load of shitcoins because they "couldn't afford bitcoin".
They then panic sold everything during the following bear market and made a huge loss. The other day I was disheartened to hear that the same person is now buying shitcoins again. They did at least admit that they should have listened to me properly in 2013.So I feel like I was half successful with the first friend and completely unsuccessful with the second friend, even though the info I explained to them was identical. So my conclusion was that some people are just not ready for this and I can spend my time in better ways.
As the old saying goes, "you can lead a horse to water but you can't make it drink."
Unfortunately, some people who know I have bitcoin seem not to care for my opsec and will happily discuss the fact that I hold btc with anyone they feel like. Which is annoying, since I don't go around talking about anyone else's finances. So I am wondering how to address this issue. It didn't seem to matter many years ago that I had told a few of my friends about my btc holdings but now, at these prices, it's something I wish I hadn't done.
Anyone else in the same boat?
Same thing has happened to me. A long time ago I made the mistake of telling a few people close to me that I own some BTC. At that time 1 BTC = $200-$500, so it was no big deal. Not anymore. The problem is that these people can potentially disclose that information to others, and this raises serious OPSEC/$5-wrench issues. Of course the mistake was all mine, but frankly, at the time, I never expected that Bitcoin will rise so much. Fortunately, the people in my circle that know about my stash are very few and generally trustworthy, and I've warned them not to tell anyone, so I guess the situation is somewhat under control.
when i worked back around 2011 on i told people at work about bitcoin. there were some smart people most with multiple degrees in their fields. also told the teck guys whom i really thought would understand it. but everyone of them except one pretty much politely blew it off. that one person? one of the billers, who instantly knew there was something interesting there. i gave her a paper wallet with like 5 bucks or something.
of course everyone at that workplace also knew of my fondness of projectile weapons and other various ways of, um, slowing down undesirables.
for all they know i blew/lost them all, so not really worried, although i too if i had known would of been more careful.