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95 sats \ 3 replies \ @siggy47 22h \ parent \ on: 5 years of nudging my no-coiner friend bitcoin
Exactly. This is particularly difficult when you are dealing with friends. Very soon everyone will want to buy, just in time for a bear market.
That's why I recommend to my friends to just buy a very small amount, then start reading. Then maybe set up a small weekly dca. Make the ramp up as painless as possible.
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If a friend asks me if they should buy bitcoin I just tell them no.
Same. For younger folks, I also find this is more persuasive than telling them what to do.
I did this with my younger brother-in-law recently. After I dissuaded him of whatever FUD he'd encountered and more. He asked, "should I buy bitcoin then?" I said "no, do research and decide for yourself." His body language was a mixture of relief and increased interest.
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That's the best way. I recall in the depths of the last bear I finally convinced a buddy of mine to buy and hold Bitcoin as savings. He has a good job and income but has a spending problem and his job is very physically intensive so he isn't sure how many more years he will be able to do it. I sent him some sats and told him he should DCA a bit every time he got paid and start learning about Bitcoin. A couple weeks later he texted me asking about shitcoins some coworker told him to buy and I thought the plot was lost already but I convinced him to not get involved in any other cryptos and focus on Bitcoin.
When we reached 70k last year he texted me and thanked me and said between his buys and the price appreciation he now had over 10k in his bitcoin savings account. I said "ok now we have to get your bitcoin off the exchange" and I walked him through that.
I just tell him to keep stacking and focus on the sats balance not the fiat balance. Although he still hasn't totally got that part yet. He likes to tell me how much his bitcoin is worth in fiat periodically. Nobody's perfect.
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