I agree with you, after all, Bitcoin investment will never guarantee us a profit, if we invest, our success is never guaranteed, but there is always a risk involved. So we must know the success of Bitcoin investment as well as its risks, because success is not guaranteed. Many new investors think that it is possible to get rich quickly by just buying Bitcoin, but in reality the market is not that easy. Bitcoin always fluctuates with uncertainty, and those who invest greedily without sufficient research only in the hope of profit, panic and sell during that instability, from which they have to face losses. So instead of being blind and greedy, we should invest with reality, and be aware of the risks in advance.

I agree with you, if you want to teach anyone who is interested in bitcoin how to invest in bitcoin you have teach them in a way that they will understand and know many important things before think of buying bitcoin, many people don’t learn about bitcoin that much before think of buying bitcoin, they will just learn how to buy and some few things and think they are ready to buy and hold and that is the reason why some people are being scammed at the end and start painting bitcoin black that it is not a good investment that anyone should trust, anyone who truly understands bitcoin before using his funds to buy bitcoin will always know how to protect their assets from any scammer.

It is not for everyone.

This can come down to 2 things:

- Some people still believe that crypto is just a scam

- And another thing is that some people are not good with new technology. So the wallet you are using won't work for them, and they'll need to find something they are more familiar with like bonds or maybe using Xapo. Things that do not require them to learn the technological part of crypto and makes it easier for them to use it in their daily routine

If a friend who wants to go into Bitcoin investment asks me for advice the first thing that I'll tell him is that it is not a get rich quick scheme where you will invest your funds and expect quick returns very fast, I think that it is the area where many new investors gets it wrong. I'd let my friend know that Bitcoin is a volatile asset which means that it would be a false expectation to assume that the price will continue to increase without any decline, Bitcoin has to dip before it will gather momentum to skyrocket and become bullish. I would also recommend DCA strategy to accumulate with discretionary funds so it wouldn't be necessary to be monitoring the market before buying. Basically investors should buy with amount that they are comfortable to lose, protect their wallet security and focus on a long term goal of accumulation and hold.

This was before Bitcoin price lower, I don't think there is anyone with such mindset that want to used Bitcoin as escape route to poverty, they don't have such money to invest in Bitcoin, if you can make investment with Bitcoin I don't think you can be consider to be a poor person anymore and it will make sense to say rich people want to use Bitcoin to get richer which in this context makes more sense, that's what they all doing with Bitcoin.

The only way a newbie will understand Bitcoin now is if the newbie has some earning come to buy gradually, they will enjoy Bitcoin regardless and good thing about this approach is that they get too experience how the market moves as they buy. Unlike the conventional ways people buy Bitcoin with all they have and be expecting to beckme a multi millionaire the next few months, this was even when Bitcoin was cheap, now there is no cheap sats anymore, you have to struggle to get them at high price.

I agree the rich are getting richer with Bitcoin but ordinary people are also using it to stop getting poorer.

I disagree with you on this part embold from your post. Cheap is not just about the dollar price. Of course, 1 BTC is not cheap at today's price of $60k+ but a sat still very much accessible. Even now, with at least $10 you can still get thousands of sat. No matter how high the price is, you can always buy fractions.

And a lot of people still have that mindset of escaping poverty through bitcoin. I don't really blame them because they probably have seen or heard about people that put in small amount in the earlier years that changed their lives when BTC price surges.

And what people are failing to understand is that when it comes to buying and then holding, you don't need to do much because even the basics can help you, because from there you will be able to know the security of your assets because there is no way that you will have the basic knowledge and it will not be useful because from the beginning there have a been a lot of things that have been going on, and there are a lot of things that are involved in the basics.


It depends on the safe means because the security of your assets matters a lot, and people are not taking it seriously. The best advice is what you have given, and holding for a long time is one of the best options that can be explored to be able to maximize profit.

Bitcoin could be -50% tomorrow or the day after, that's perfectly normal.

That's how I convince myself before I tell my relatives or close friends about something, especially about a highly volatile asset like Bitcoin. I think of Bitcoin like a knife, on the one hand it can help, but on the other hand it can hurt if you don't know how to use it. I never encourage anyone to profit from Bitcoin, but I prefer to be honest about volatility.

That's why I always say 3 things when recommending Bitcoin to relatives or friends.
1. The price can fall unexpectedly in large amounts, Bitcoin's history is very volatile, even as far as -50% to -70% and it takes 2-3 years to recover.
2. There is no guarantee if it is sent incorrectly because the system does not have customer service or a deposit insurance agency.
3. Investing in Bitcoin requires a long time horizon, "at least 4 years." Never touch Bitcoin, even if you urgently need funds.

I don't want to force anyone to invest in Bitcoin. My goal in recommending Bitcoin to them is to make my friends patient investors, not victims of FOMO like those who have failed in Bitcoin.

If you want to give someone an idea about Bitcoin or maybe encourage them to invest, then the first step is to give them an idea about long-term investment and always advise them to stay away from trading. After that, you should gradually explain to them about the risks of Bitcoin and how Bitcoin works, etc. Because if a person is first told about the benefits of Bitcoin and good things about Bitcoin, then he will definitely not pay attention to the bad aspects and will rush to invest. When he jumps in and sees a fall in the Bitcoin market, he may panic and sell his holdings and face losses.

But because of ignoring this risk, many people face a lot of losses later on. The reality is that Bitcoin has created a good investment opportunity for many in the long term, but seeing it as a means of getting rich overnight is a big mistake. At the same time, if someone sees Bitcoin investment as a safe and guaranteed investment, then this is also a big mistake, because Bitcoin gives you a very good chance of success in the long term, but it will never guarantee you a guaranteed profit. That is why when investing, you must have an idea about your ability to take risks, not emotions, but you must move forward with faith in your long-term goals, and always keep yourself prepared for any situation, since nothing is guaranteed after all.