Quote from: Awaklara on Today at 01:08:14 PM

Quote from: bettercrypto on Today at 01:02:03 PM

Quote from: Cryptoprincess101 on December 18, 2023, 11:39:13 PM

Last week, an old friend of mine back then in the university in 2013 who later traveled to Canada to further his studies returned back to the country and yesterday, he coincidentally met my mum at a shopping mall and requested for my contact and my mom gave my number to him so he called and called the nickname that we both normally call ourselves back then in the university days I was so shocked to hear that and I called his original name and he answered and told me he is back from Canada and he requested we meet at a bar immediately.

So with excitement to hear from an old friend after so many years I just immediately took my bath and zoomed to the bar he directed me, so I got there lo and behold my old time friend. We exchanged pleasantries and started discussing about life and I told him how life have been so uneasy but that I got a job in a factory were am paid $60 for about 2 years now and i told him that my colleague at work introduced me to a forum called bitcointalk where i registered on the forum and learnt a lot of things concerning Bitcoin and i also showed him the amount of bitcoins i have stored in my wallet so far and he became curious to know about bitcoin and i explained everything i know about bitcoin and encouraged him to join me in buying and holdling bitcoin that we are awaiting the bull market after the halving so he became so furious and told me that since he knew me that I don't normally give attention to anything online (internet) but for me to hodl such huge amount of Bitcoins that it means am really serious about it so he became interested and ask me how he can buy Bitcoin as well so I told him step by step on how to buy Bitcoin and he bought Bitcoins worth $520 that is about 0.012194 btc so he told me that he wish to acquire 1 btc so I told him not to worry that he will use the DCA method to buy same amount of bitcoins at different interval then with time he will surely acquire the 1 btc.
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?

I can't say that what you said and did was wrong. Maybe he just can't be called wise steps, because do you think if you didn't show the amount of your Bitcoin holdings, he would have an interest in Bitcoin? Chances are high that it will not be of interest.

That's why, when you showed him the amount of bitcoin you have in your wallet, he got so hyped that he might have thought that he could do it easily. But he didn't see the negative side that he could face in the future. I can even say that what you did was wise if you told him to do his own research on Bitcoin first and don't buy it first; instead, it is better that he buy it because he understands why he needs to have bitcoin. This is my opinion only.

yes, it is the right step. Introducing Bitcoin to someone is not only about the profits and progress that can be obtained. But some risks must be understood.
telling the other person to learn for themselves and perhaps answer questions if he or she is having trouble is a good step. we are not salespeople to sell Bitcoin. the more people who understand Bitcoin would be good. then more and more people feel cheated by their ignorance about Bitcoin.

Many individuals tend to entice others into investing in Bitcoin by exaggerating the ease of earning from it. This approach makes it appear like a pyramid scheme. People must stop using such tactics since it often leads to a negative experience for investors. Once people invest, they often look for quick ways to earn from their investment, which typically results in disappointment in the end.