Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin really not for everyone?
by
erep
on 13/08/2023, 20:33:42 UTC
When telling people about bitcoin, always make it very clear the advantages and disadvantage of investing in Bitcoin. Let them know the volatility rate of the market and tell them it isn't a must to buy immediately that they can buy with dollar cost average through accumulating.

Don't force anybody to invest in Bitcoin, just teach them and in the future they'll come back if they don't invest when you were telling them because bitcoin is a type of investment that grows on people with time as they'll see the profits they could have made if they bought.
I agree, we must clearly explain everything related to understanding crypto investment to beginners, we don't only explain the benefits but don't hide the high risk of loss so that they can anticipate using reserve funds for bitcoin investment in new portfolios.

I have tried several of the same approaches but their response is not ready to enter into crypto investments which have a high volatility level, they need time to make decisions about managing their finances, but I am sure they will become part of the bitcoin holders in the future without anyone coercing them because they already know the details of managing crypto funds.