Post
Topic
Board Bitcoin Discussion
Re: Do you introduce bitcoin and crypto to your friends?
by
Tmoonz
on 20/02/2025, 10:43:36 UTC
Only to my close friends and relatives because I also want them to have an easier life or brighter future.
I am also reminding them that it this investment isn't something that would make them rich overnight.
That investing in Bitcoin could also lead into loss it wouldn't always be gaining profit.
That's actually true, when introducing Bitcoin to friends it is good we tell them the advantage and the disadvantages of Bitcoin investment since its not a ponzi scheme where to make money overnight. Bitcoin may be good but when introducing it to someone, you have to make them understand what Bitcoin investment is all about, otherwise if the investment goes South, they will eventually HODL you responsible for their loss when it's not even time to sell.

Offering to share the knowledge and experience we have with Bitcoin to our families and friends wouldn't be a bad idea but any ever considering venturing in to it in terms of investment, I will always advise it should be their own personal decision to invest in Bitcoin after what we may have told them, because it is only their personal conviction that can aids and make them to become committed, patience to be consistent in increasing the size of asset over time and hold for as long as necessary to reap the potential of Bitcoin even though there is no 100 percent guarantee.