If we can talk to friends and neighbors in the real world who are the same age as we usually are here, it will certainly be richer. It is possible to expand the promotion of Bitcoin only through discussion and advertising. Especially I discuss ATCA method very seriously, how to make my investment for a long term. From here I get the most advice from different mediums and from JJG, on how I can invest long-term and be successful.
yeah you are right, a friend mine told me his interested in investing in Bitcoin. I was surprised because being long have been trying to convinced him but he kept doubting the growth of bitcoin, I guess due to the recent growth bitcoin undergo lately he as seen some beauty in it which lead him in researching more about bitcoin. So he was like he wanted invest a certain amount of money in Bitcoin so I told him that is a good plan and a nice start up . But I told him not to go all in at once because of the recent increase in price , so I told him to start with some DCAing strategy first ( have to explain how DCAing works) and he should keep some reserve funds for buying the dip, so he was excited about it, that with such strategy he would have enough time to gather some good amount of money for the DCAing (weekly), then he told me that on Sunday (which is tomorrow) am going to put him through on how to buy and all that , I was really glad seeing my friend finally taken action in accumulating Bitcoin, and thanks to this thread I would be able to put him through on how investing in Bitcoin works. So I would keep on learning so that I still will be able to impact on others.
I think there are not a few people who initially doubted bitcoin especially when bitcoin was not as well known as it is now in the eyes of the public, but with the growth of bitcoin which does bring certainty for a more beautiful future along with quite a number of people who have managed to take advantage of a fairly large amount then indirectly this event makes people involved in accumulation even though at first they always carry doubts in their minds. On the other hand you gave very good advice and direction by suggesting him to use the DCA approach as the initial stage of involvement, and of course this is a good suggestion because DCA is more specialized for those beginners who just want to jump in by investing the same amount (not too big is fine) in the long run which can indirectly keep their financial situation balanced and can make them make maximum profits in the future as long as they don't delay too much during the allocation period.
Another thing I hope or I advise you to provide a detailed explanation or understanding to you about what investment really is, for the problem of goals yes we all as investors have the same goal at the end of the engagement which is to achieve or get a profit, but I hope you also explain to him in terms of risk, don't let your friend tend to always think about profit because the worry is that he could be too worried when bitcoin experiences a significant bearish or correction phase which in turn could make your friend act instantly to thwart or stop his bitcoin accumulation plan that he has been maintaining, because I see events like this are not uncommon when someone is too focused on his expectations.