First of all, I will introduce my friend to the world of Bitcoin, namely our forum. Because I believe that any new person can gain knowledge on this forum that I alone cannot provide. If a new member spends 1 week on the forum properly, it is possible to gain knowledge about Bitcoin and other cryptocurrencies.

However, I will personally tell my friend a few things. These include: 1. What is Bitcoin?, 2. Blockchain, 3. Mining, 4. Security, 5. Wallet, 6. Volatility.

1. What is Bitcoin? Bitcoin is a digital or virtual currency that has no physical form, it is only available online. It is a decentralized currency. It is not controlled by a single institution or government. Bitcoin transactions (peer-to-peer). There is no intermediary (such as a bank). Instead, blockchain technology is used to ensure the security of Bitcoin transactions, which verifies all transactions. These are stored in a ledger.

2. What is blockchain?

Blockchain is a digital record where all Bitcoin transactions and information are stored. It is a technology that has spread across computers around the world, and each transaction is added as a new block. Once the transaction information is included in the block, it is almost impossible to change or delete it. This method ensures the transparency and security of transactions. Blockchain technology is important for Bitcoin, as well as other cryptocurrencies.

3. Mining

Bitcoin mining is a process where mathematical problems are solved by powerful computers, creating Bitcoins. When miners solve a block, they receive new Bitcoins. Bitcoin transactions are also confirmed and stored in the blockchain through mining. However, mining is a very powerful computing power and electricity cost, so many do it commercially and create large mining farms. It also determines the supply of Bitcoins. Only 21 million Bitcoins will be released gradually through mining in the future.

4. Security
Bitcoin is very secure, but it is not completely risk-free. The security of Bitcoin transactions is ensured through the use of cryptography or encryption. Moreover, Bitcoin transactions are recorded on the public ledger, but even if someone sees your transactions, they will not be able to know who you are, because the transactions are protected only by the use of passwords and PINs.

5. Wallet
To use Bitcoin, you need a wallet. A wallet is a digital place where your Bitcoins are stored. There are two types of wallets.

• Hot wallet: It is online and easy to use. However, it can be risky because hackers can attack you online.
• Cold wallet: It is offline, like a hardware device or written on paper. Cold wallets are more secure, because it is free from the risk of hacking.

6. Volatility
The price of Bitcoin fluctuates a lot and depends on the market conditions, global events and people's interest in Bitcoin. On the one hand, this can create the possibility of quick profits, on the other hand, it can also reduce its value. The price of Bitcoin always fluctuates a lot. So I would advise my friend to keep an eye on this market. Also, I would advise you to invest in Bitcoin for the long term. I would advise you to invest slowly following the DCA method instead of investing large sums at the beginning.

In the first case, I will explain some simple things to you. And I would definitely advise you to research the platform very carefully.

If someone were to ask me that question, I would only tell them one sentence, and that would be "Do your own research." In this way, you can help that person see if they are really interested in knowing the pros and cons of Bitcoin.

And you can also tell them the reason why I said the dyor so that they don't just immediately believe the positive and negative about bitcoin, with dyor they can balance the positive and negative impact of Bitcoin on people.

If a friend is new to bitcoin, i'd tell him it's exciting way to manage money w/out needing a bank. It is secure, fast and easy to use. Many people see btc as a way to protect their money from inflation and it is becoming more popular every day. I'd suggest they give it a try, learn how it works, and see how it could help them with their finances

Totally! It's just a matter of determination and the need to achieve results in the end. Other things may be done along with a friend or by yourself, it would just speed things up, probably.

When people ask about BTC the first thing they ask is why it is so expensive and what makes so many people buy it. In my experience, when they find out that we also have investments or trading, they will ask how much BTC you have. A difficult question to answer.

However, as a member of this forum, I personally try to explain to my friends who do not understand at all slowly what and how BTC makes many people interested and invest in it so that more or less they will learn and grow their awareness to invest independently.

The most important thing I will suggest them to use non custodial wallet, even they use it as a hot wallet, but it's fine. At least I want to see there's a small progress for them to hold Bitcoin in their own wallet instead of holding in centralized exchanges.

Regardless they want to use Bitcoin as a commodity, currency or anything, it's up to their choice.

That's a jobdesk for a financial advisor, we can become financial advisor for them, but make sure they want to pay our time and effort, not just thank you.

I tell him Bitcoin is a digital currency, which has great potential as investment on long term, although there are always risks implied. Moreover, I talk about where he can purchase Bitcoin and where he can store his coins safely. If I identify he is interested on the subject I may go ahead and continue telling him more details about Bitcoin, but if he doesn't display any significant interest, I just let the conversation vanishes away, so we can move to another subject.

If he has any more questions about Bitcoin, I feel happy in answering them with the knowledge and experience I have acquired so far along the years in this industry. There is so much to say about Bitcoin, but we have to do it step by step, otherwise the conversation might not be interesting for friends.

Since it's something people are getting in touch for the first time, informations provided must be basic, so they can start understading it properly.

depending on what the person need from bitcoin, actually bitcoin is decentralized currency that is independent from other currencies and it has value, so if someone should ask you bitcoin, it maybe that person wants to get a clear understanding of bitcoin before it will invest, probably the advantages and the disadvantages of bitcoin investment and it's technology..op bitcoin is an asset that you can make a profit if you invest on it, so in summary it's an independent currency that government doesn't control.

The most important thing is to educate yourself, so I'd tell him to watch some good youtube videos explaining bitcoin and tutorials to learn how to use wallets and secure your bitcoin.
I see so many people who FOMO into this not knowing what they have and ending up like those guys who put the amount in the fee section.

What you really need to do with your coins is to keep them safe. Everything else like finding the top, trading, choosing the right hardware wallet is secondary. You have to learn how to secure your seed phrase, not to lose your wallet password. So many people forget about that and instead start learning how to leverage into a head and shoulders pattern and then oops the money is gone because your child deleted a file with your wallet password

Exactly, it's not just about preaching to people about the important or benefits of bitcoin but safeguarding the assets they're holding matters as well and not many newbies knows pretty much about it, some don't even know the best place to save their bitcoin or how important the seed phrase is, you'll be shocked to know that some people still save their bitcoins in wallets in exchanges that claims to be safe and secured instead of a non-custodial wallet or hardware.

 It's very obvious that lots of beginners are pretty much about what they stand to  gain but disregard the safety of their asset so it would be very important to teach about security when passing knowledge to newbies about security, the worst an investor could encounter is to risk losing their bitcoin asset.