I've got a family gathering coming up and need a plan of action. \ stacker news ~bitcoin

I've got a family gathering coming up and need a plan of action.

2374 sats \ 28 comments \ @Fabs 1 Apr bitcoin

In just about two weeks I've got to partake yet again in one of our wonderfully boring family gatherings - at least that's what they normally are.

This time, however, I've got a feeling that the whole ordeal will be fairly Bitcoin-heavy.

One reason being my dad who keeps on talking to our relatives about how well Bitcoin's doing and how high it could / should go this time, how much they would've made if only they had listened to him yada yada, and the other reason being that they indeed seem to have an open ear for Bitcoin in general, which is fueled by my dad's fomo'ing, I guess.

The thing is: my dad knows jack shit about Bitcoin. Literally.

Just the other day, he seriously asked me how big the supply of Bitcoin will be; was it 21M or 28M? This comes from someone who's been into it since 20-fucking-17.

The only thing he watches / reads are those TA-vids on YouTube, articles explaining why we'll either dumb or pump, and what miner-stocks one should pick in order to outperform Bitcoin.

He did make a killing with Coinbase, though.

I, on the other hand, like to think that I know quite a bit about Bitcoin's technical side, how it works and why it's such a great Asset.

Thus, in order to not only save my relatives from burning themselves at Bitcoin's volatility, but also Bitcoin from more burned haters, I've been trying to come up with a plan of action; and I'd like SN's input for that, too.

With my dad covering the price exploration and hopium part, I'd like to focus on Bitcoin's (technical) basics, how to set up a hardware wallet, where to buy and how to buy, general best practices and why they should, first-and-foremost, hold onto their bitcoin, instead of selling it for the "nExT bIg ThInG".

How would you guys go about this? What would you talk about and how would you structure it?

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100 sats \ 1 reply \ @kepford 1 Apr

LOL. That's all. The title is wonderful. I remember being young and optimistic about other people's desire to learn from their younger and knowledgeable relative.

That said, try to be humble. Try to not come on to hard when they get stuff wrong. Ask questions and offer facts over opinions. But keep in mind most people don't just accept fact as fact. So be careful.

If the focus is on price I'd have them zoom out... my theme of the day. Look at the history and realize we could see massive pumps and dumps over the next few years. Are they ready for that? Are they ready to hold when they are underwater for 3-4 years? Do they have the deep knowledge that builds confidence to ignore short term purchasing power?

I've had VERY little luck getting people that I know that have bought bitcoin to actually do homework. I plant seeds and wait. Its up to them to do the proof of work. You can't do it for them. You can be a guide but my experience with people that are older than me (I'm not a young person) is that they have a hard time taking advice from someone younger than them. That's a flaw in them but it is a super common one. Don't take it personally. It doesn't mean they don't respect you. It means they have a bias towards age and familiarity.

My guess is that you are ready already. I think your main prep should be to pick your battles and be selective on what you tackle with them. Humans do not take well to being corrected or lectured so keep that in mind.

33 sats \ 0 replies \ @Fabs OP 2 Apr

Clear, I don't expect them to do any self study about Bitcoin anyway, for it's way easier (and to many) far more interesting daydreaming about how rich one could be one day - which is OK, it simply shouldn't be all.

I think I'll indeed do best by "picking my battles" as you say, trying to find cracks and break those f*ckrs until I can reach their core and infest them with the Bitcoin Maxi Virus!

Until then, I better prepare for a shit-show.🤭

100 sats \ 3 replies \ @grayruby 1 Apr

In these discussions it is best not to discuss Bitcoin's price and instead clearly state the features of bitcoin that make you want to consistently convert from fiat to bitcoin as your savings account.

50 sats \ 2 replies \ @Fabs OP 1 Apr

My words, too bad my dad only knows price-talks and my relatives are interested in it.

0 sats \ 1 reply \ @grayruby 1 Apr

But at least if you are talking about the features that the market is seeing value in, thus moving up the price, they might at least not get sucked into the next pump and dump scam that promises huge returns.

20 sats \ 0 replies \ @Fabs OP 1 Apr

I'll try.

126 sats \ 9 replies \ @DarthCoin 1 Apr

I would print some flyers to hand out:

https://github.com/Darth-Coin/BTC-flyers

I would print some of these guides or part of them on simple hand over small pages.

And them tell them to study at home, quietly and if they have more questions to come back to you. Don't push. Let them discover it.

106 sats \ 7 replies \ @kepford 1 Apr

@DarthCoin you have so many resources. Thank you.

57 sats \ 6 replies \ @DarthCoin 1 Apr

I was onboarding so many people all these years that I got tired to look every time for those resources. So I start writing myself, my own guides and onboarding material. Is much easier for me like that, just sending to reading material and not repeating myself over and over. If they want to read it, very good, they will come with more questions and gladly will respond them. If they do not read the material... HFSP. I do not lose more time with them.

I recommend to each knowledgeable bitcoiner to do the same, having his own material to present to his nocoiner friends. If you do not want to do that, you can use my material any time you want, I don't care if is shared. Important is that more nocoiners are getting in.

0 sats \ 5 replies \ @DiedOnTitan 1 Apr

This is great advice. I have to write my own guides anyway @DarthCoin because your guides have too many grammatical mistakes. 🤣 jk. You have good content and that is the important thing. 👍

24 sats \ 3 replies \ @DarthCoin 2 Apr

Sure, I know about my grammatical mistakes. Sometimes I made them deliberately, is my personal "signature". I am an intelligent living man in the end not a brain ded shatGPT.

Do as you want with my guides. That's why now I am transition them slowly into a github repo, so people could translate and copy easily as they want. https://github.com/Darth-Coin/darth-coin.github.io

0 sats \ 2 replies \ @DiedOnTitan 4 Apr

It's great you put them on Github. But. Have you thought about publishing a book? With a hard working editor of course. :)

0 sats \ 1 reply \ @DarthCoin 4 Apr

Yes, but not sure if will be useful. Mainly because people do not like to read this stuff, want more to watch YT videos. Guides are changing sometimes, updating stuff etc. So that book will end up just like a support for your coffee cup.

21 sats \ 0 replies \ @DiedOnTitan 4 Apr

Books are how you dig deep into a subject and get that concentrated knowledge into your brain from an expert who spent decade(s) on a subject and years putting into a ~5 hour read. It's terrible that people don't read anymore.

Bitcoin tech changes. Some of your guides will need to be updated. But the core principles will remain consistent. Focus on these. The aspects that don't change. Its a good name for the book btw: Bitcoin Core Principles

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0 sats \ 0 replies \ @Fabs OP 2 Apr

Ouch. I bet one could hear that spank miles away.

21 sats \ 0 replies \ @Fabs OP 1 Apr

Solid.

33 sats \ 2 replies \ @Bitcoiner1 1 Apr

There is not a size fit all solution.... depends on the skills and interest of your relatives. Also on the relationship with your dad...

Maybe my approach will be just correcting your dad every time he makes a mistake and wait for your relatives to ask more questions.

Most of the people who are into Bitcoin, was thanks to the price.

I did one small family presentation using the kids book: " Bitcoin Money: A Tale of Bitville Discovering Good Money". And it was a great way to explain the basics of money and Bitcoin.

6 sats \ 0 replies \ @kepford 1 Apr

That book is great btw.

0 sats \ 0 replies \ @Fabs OP 1 Apr

I know that, but there surely are certain basics which we can agree upon, no?

I think it could rub my dad the wrong way when I constantly interrupt him, only to point out his mistakes.

0 sats \ 1 reply \ @Ge 2 Apr

I would go about it in a eye level fashion talk inflation and supply demand why 21m is ultimate scarcity how dollars are melting slowly while being back by nothing bitcoin is backed by energy...hmm idk different things resonate with different people also bring up how u actually own bitcoin when u self custody unlike a car or house/everything in existence has taxes to be paid on it...hope this all helps and update us on how it went after wards

0 sats \ 0 replies \ @Fabs OP 2 Apr

Will play a part for sure.

0 sats \ 2 replies \ @atl 2 Apr

if you’re willing to part with a couple satoshis, make it a contest. Whoever can correctly guess your “bitcoin trivia” questions will get -however many sats- everyone likes a little competition. Relatives get excited cause real money is on the table, plus they feel nice getting an answer correct. All they have to do is download an app. Just an idea- I’ve never actually done this.

I recently sent my buddy $50 worth of sats on WoS to try and orange pill him. maybe not the best approach, but I personally think that trying to tackle the self-custody, sovereignty part of the equation is too much for someone that knows nothing about bitcoin. People like money. Give them money. Then, hope that they ask more questions. $50 is not enough to make me miss those sats, but enough to pique interest.

0 sats \ 1 reply \ @Fabs OP 2 Apr

That's a cool idea for another day, for they'd all fail horribly at this stage and maybe that will work counterproductive, making it seem unnecessary complex at first glance.

It's a cool idea for a later stage, though, something like a Kahoot?

0 sats \ 0 replies \ @atl 2 Apr

meh just an idea. not sure a bitcoin kahoot would excite anyone now that I think about it lol

i only suggest sending some coin out because that’s my personal favourite way to orange pill but is also what aantonop suggests.

0 sats \ 1 reply \ @nym 1 Apr

Focus on explaining the basics of how it works as a decentralized, limited-supply currency with key properties like permission-lessness and censorship-resistance. Explain the importance of self-custody using hardware wallets, and teach best practices for securely buying, storing, and transacting with bitcoin. Highlight the benefits of a long-term, "HODL" mindset given Bitcoin's volatility and potential for significant appreciation over time. Encourage starting small, ongoing learning, and offer yourself as a resource to help them make their first purchase and answer any questions along the way.

6 sats \ 0 replies \ @Fabs OP 2 Apr

Solid. 👍

0 sats \ 1 reply \ @Undisciplined 1 Apr

More power to you, but I avoid conversations like that, so I won't be much help.

63 sats \ 0 replies \ @Fabs OP 2 Apr

The thing is: I most likely won't have a say in "avoiding" the coming storm, so I better prepare:D