Actually you most learn on your own to know about Bitcoin, everyone who knows about Bitcoin, learn about bitcoin on their own, why acquire 10% or 15% of the knowledge through whosoever that introduces them...

Once you are dealing with bitcoin, the more you are getting more experience on bitcoin...the must important thing is for you to know your keys...And also not to be able to detect scams.

This thread was inspired by this one, where a forum user talked about him regretting to have recommended Bitcoin to a friend because some lost their coins or Bitcoin didn't hold up to their expectations.

The idea is to collect things which are useful to know before you recommend Bitcoin to friends and relatives.

It can be absolute "musts", or simple tips to make your Bitcoin journey better.

And just to clarify: It's probably not a good idea to aggressively try to drive friends or relatives into Bitcoin. I'd mainly recommend Bitcoin to people who already are showing some interest in the topic, or at least in related topics, for example if they are asking directly about alternative investment opportunities, being conscient about the risks.

I start with a couple of absolute "musts" everybody who wants to recommend Bitcoin to someone should know and tell the new users.

1) Not your keys, not your coins! That's perhaps the most basic sentence everybody should understand before engaging with Bitcoin. Coins hold on an exchange or a custodial wallet do not really belong to you -- if the company behind them gets bankrupt or is hacked, you can lose coins.

2) Back up your keys and seeds. You should have at the very least one or better two physical items (paper is okay for low amounts you can afford to lose, but not the best option, metal-based items are better!) where you've written down your seeds or keys from your main Bitcoin wallet.

3) Don't think that the Bitcoin price will always go up. Above all if the price is already bullish for several years, it is likely that it will eventually correct.

4) DCA is perhaps the best method to buy BTC and avoid problems with its volatility. Buying Bitcoins all at once is risky, especially if the price is already high. Buy them in chunks, regularly, for example once in a month.

5) Do not reuse addresses! This is above all valid for addresses you use for HODL purposes. Reusing addresses means to receive funds once you have sent coins from the same address. This can expose you to privacy risks and to quantum computers once they are available.

6) Bitcoin payments cannot be reversed (like credit card payments for example). Check all info, like addresses, and the trustworthiness of merchants and service providers, before you make a payment. It is your own responsibility to deal with the consequences. If something goes wrong and the payee doesn't cooperate, your only option is to go to the police.

7) Only use Bitcoin from safe devices. If you have only the slightest doubt your device can be infected with malware, or you're engaging in unsafe Internet usage (and use Windows ) then move your coins ASAP to a safer location! Consider a hardware wallet or dedicated device for larger amounts.

User contributions in this thread:

8 ) Test Biitcoin with small amounts first.
9) Tell your friends facts, don't get too excited.
10) Security first & educate yourself about Bitcoin before investing.
11) Be sure to understand Bitcoin before recommending. Be aware of scams.
12) Invest what you can afford to lose, understand the difference between long-term trend and short-term movements.
13) Keep coins separate & don't panic, use mobile wallets only for small amounts..
14) Use open source software.
15) Prevent physical attacks.
16) Don't post your Bitcoin address in public (until necessary). (Very important! Above all HODL addresses should never be revealed!)
17) Clarify the difference between Bitcoin and altcoins. Be careful with centralized exchanges.
18) Learn how to consolidate UTXOs. Store keys in different locations and use a passphrase on your main device.
19) Be aware of ponzi schemes and malware on untrustworthy links
20) Be careful with airdrops, don't connect a wallet with significant funds to untrustworthy actors.
21) Try to be emotionally stable before taking decisions. Monitor market trends.
22) Know how transaction fees work, to avoid under/overpaying.
23) Learn from experienced Bitcoin users.
24) Store your seedphrases and keys only offline, never online.
25) Elaborate a strategy and a long term plan.
26) Do not use wallet software on public unprotected WiFi networks.
27) Ask yourself your friends what your goals with Bitcoin are.
28) Know the crypto legislation of your country, for example regarding taxes.
29) Prepare yourself and your friends mentally, e.g. for the volatility.
30) If your friend is technically interested, propose them to try out a Testnet before using the real software.
31) Try to understand if the sentiment of most Bitcoin investors is short or long term oriented, to prevent false expectations of the future price/adoption behavior.
32) Be aware that dealing with Bitcoin wallets is your own responsibility. Different to banks and finance service providers, there's nobody who is obliged to help you if something goes wrong.
33) Know and practice the recovery of your keys from a backup.
34) Be very careful when accepting help with technical problems like backup recovery. Know which items to post and what not. Be also careful with chatbots like ChatGPT in general.
35) Introduce close persons (family/friends) at least to the very basics of Bitcoin, in case something goes wrong.
36) Know strategies to deal with inheritance (related to 35)

Can you add something? Good tips will be merited and linked in the OP!

For those that don't want to learn on there own they can pay for extra lessons and that way they will be able to acquire the knowledge which ever they want to because most people are missing out on not investing in bitcoin and one thing I understand is that people need to learn before, and if they are holding for the first time then the number of percentage recommended is very much okay. And they have the choice to choose which ever way they want to learn it is very important.

You have be an investor of Bitcoin with evidence to prove that you're benefiting from Bitcoin investment, when you talk they will listen because you have prove to show.  Telling people to invest when you're not investing or have prove to showcase will be very hard to convince them.

Having the knowledge of Bitcoin and risk management skills is another thing to use to convince your friends to invest, you must have learned the basics to a point that you can teach someone else. Bitcoin is too wide to understand everything but knowing the basics is necessary before recommending Bitcoin to someone.

Evidence of investment is the only thing one can showcase to tell people why they need to invest in Bitcoin.  The Bitcoin they see means you promote what you promise, and investing bitcoin is an evidence that bitcoin is safe for investment.

But if you dont have Bitcoin or invest it, it wont make any sense to tell anyone to invest in Bitcoin. Invest Bitcoin first before you recommend Bitcoin to anyone and it is someone who own Bitcoin that can really tell what bitcoin is and not just telling stories.

Your evidence proves that you practice what you're  preaching to the person you want to also invest in Bitcoin but I hope you understand the risk you will be putting yourself out there it you go about showing people your Bitcoin investment just to convince them to invest in Bitcoin, I believe there are other ways to convince people without taking that risk because it can expose you to evil which may not come when you expect. You can be an investor but you can decide to tell them your success story and give them hint of what you have managed to build through the profit you made from investing in Bitcoin but going far to show them your Bitcoin investment is too risky.

Always Research the market and whats going with the current world. It has a huge correlation to bitcoin prices going up and going down. And maybe also ask your friend if he or she may have that risk tolerance to handle potential losses or gains. Youre gambling your personal savings here.

Before having to recommend Bitcoin to any friend or anyone, you ought to ask yourself if you are ready to take the blame should the individual not do so well with their investment because, they would always pivot right back to you.

A lot of OGs don't properly inculcate this in their mentees or be open about it during public discussions. I've seen such line of argument here too where users had posited that Bitcoin was the surest investment to make because there's no losses incurred. That's not true. We ought to remember to alert whoever we're bringing in to this industry that there are also consequences of losses too in Bitcoin investment, depending on when one invests. After all, There are those who invested last year at its ATH at $126k+. Those ones are in dip losses now because Bitcoin is trading at $70+ now. Yet, it's Bitcoin investment.