Post
Topic
Board Bitcoin Discussion
Re: What Would You Tell a Friend Who's New to Bitcoin?
by
SuperBitMan
on 29/01/2025, 13:52:18 UTC
When a friend asks you about bitcoin, what's the first thing you tell them? Do you focus on the tech behind it, the investment potential, or its role in financial freedom?

Let's share our best advice and insights for introducing bitcoin to newcomers and how we can help them navigate the complexities of crypto and understand why it's worth their attention.

For me I will first time him it's role to financial freedom, how Bitcoin investment can make him or her financially stable in the future in other for him to understand the importance and benefit involved in Bitcoin investment after that I will tell him the tech behind it and how he should keep his Bitcoin wallet password and secret phrase safe and should not save them online because of hackers and also telling him he shouldn't use same wallet his using to accumulate Bitcoin to connect to airdrop if he  those airdrop because they can use through there to get access to his Bitcoin, after this I will tell him what he should do to keep his Bitcoin investment untouched and that is building backup funds such as emergency, float and reserved funds and I will tell him the reason for building such funds which is to prevent dipping hands into his Bitcoin investment when there's an emergency or financial problem and they are not on cash they can dip hands into all this backup funds to settle those issues instead of dipping hands into his Bitcoin investment, then finally I will tell him how big Bitcoin can be in the future and encourage him to keep holding for long term.