Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
majamalu
on 06/09/2014, 02:03:38 UTC
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.


This is the trick I use with people like that: I say "If you are not ready to sit down and pay attention to me for half an hour, this is not for you at the moment." It works by activating the opposition reflex.  Smiley