Quote from: Peter R on September 06, 2014, 12:56:19 AM

Quote from: cypherdoc on September 06, 2014, 12:48:46 AM

Quote from: Peter R on September 06, 2014, 12:46:36 AM

Quote from: sidhujag on September 06, 2014, 12:41:42 AM

I thought the exchange downtown had some reps there to help you with the wallets etc? Kind of like bank clerks.

There's Bitcoiniacs at Waves, and the Bitcoin Co-op guys in Gastown. I suppose those are options too.

But this individual is mostly interested in price speculation as part of a diversified investment portfolio. I'm not sure it's important for him to learn about bitcoin wallet security at this point in time. Perhaps that can wait.

that doesn't sound too wise. Bitcoin is meant to encourage personal responsibility. plus it will make him learn and appreciate what Bitcoin is all about.

speculation on the price is somewhat dependent on one being able to hold onto one's coins w/o getting scammed.

This is what I mean when I say that questions like this from my friends and acquaintances are always difficult for me to answer. It's a chicken and egg problem. Once you're a bitcoin holder, you're more eager to learn about bitcoin security and blockchain technology. But if the process is too difficult, and if you (think you) just want to speculate on price, then I can see that being bombarded with information about private keys, cold storage, 2FA, etc, etc, could seem like information overload.

Let him set up a proper exchange account (esp if he wants best prices w trading in mind) and point out, as I've done to interested newbs, that all the pia KYC is helping to keep the price down by discouraging casual and impulse buys. It is his price advantage that there are hoops to jump through. Bitcoin is trading at a discount because it is non trivial to acquire.