There are many people out there that have enough discretionary income but they don't know the best investments should embark on till one day a friend of mine that is a farmer and i know that he has been gotten profits through his farming work, he came to me and ask me if he should invest in Bitcoin investments how can he gain more profits because he has been reporting his discretionary income to the bank without having a profit instead he do received debit all the time from the bank, then i started explaining how Bitcoin works and how he gets more profits once he starts accumulating his Bitcoin, i want ahead showing and telling how dollar cost average have make it easier for newbie to buy gradually by gradually when comes to buying of Bitcoin, he agreed with me and he have started investing because he said that he doesn't want bank people should be deducting from his bank account, and even since that friend of mine that is a farmer has been thanking for adding another skill to him joined to his farming work, so i want know if actually i did the right thing by introducing him into Bitcoin investments?
With this your story, I don't think anyone will say you did a bad thing by introducing your friend to Bitcoin investment. Rather, they will say you have done the right thing.But I hope you made it clear to your friend that Bitcoin is all about long-term investment, and profit should not be expected immediately or in short period.the best approach is to invest only the money that one does not intend to use in the nearest future.this is especially important because most farmers usually get money during the harvest period. It is during that time they often have discretionary funds money they get after harvesting which they typically plan to use for the next farming season.
So, I hope the money your friend invested wasn’t from those discretionary funds that were already planned for the next farmingcseason. Because most farmers use the money they get after cultivation to fund the following season. He should not assume that when the time comes to farm again, he will simply sell part of his Bitcoin investment to fund it.
Sure i explained everything to him and i went further showing him my investment that has started running and how many years I'm plan to allow it to runs before selling it and stick to it, there is something he said that I'm sure he can make a good Bitcoiner, that i don't have the knowledge the amount of money you do save in his account before now after paying all his bills, he still have enough discretionary income which he do save in the bank, so as newbie that he is right now, he is still on the learning process and i showed him how the forum look like and the rules that govern the forum not to fall victim within the forum and he has been doing well ever since i introduced to this forum.