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Summary Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.
On it, OP. Summary Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.
Thanks for the reminder.But TBH, those people that are only telling the positive side of it are either:
1. They're selling something, and they don't want to tell something negative because that could've affected the trust of those newbies out there to them.
2. They aren't that knowledgeable about Bitcoin and investing in general that they haven't experience it themselves.
As for me, if there's somebody that is asking me about Bitcoin, I always tell the positive side of it first, but I immediately tells the negative side of it like "Bitcoin is volatile, so you can lose your money in a short amount of time if you don't know what you're doing." I always say that any investment is volatile and there's no such thing as stable. I always tell them that if you want to make money, volatility will be the one that will help you make money, but it can make you lose money as well.
In crypto space, there's no such thing as guaranteed (aside from losing if you don't know what you're doing
). I always say that, and it's good that until now, those who're asking me something about Bitcoin isn't coming back to me and blaming me for losing their money. Maybe they're making money already.