What do you tell friends or family who are about to fomo in who are asking you about BTC?
I'm a Bitcoin maxi and sometimes my friends and family ask me about it. I generally recommend learning about it first to understand what it is and why it's desirable. I recommend they read books like The Creature from Jekyll Island, The Bitcoin Standard, and others to learn why fiat is broken and why Bitcoin is the answer. I then tell them that it's a volatile asset and they have to be ready to buy and hold for the long term, that seeking short term gains is very risky. That they'll need to be able to stomach potential drops and see them as a "sale" and to keep dcaing. Generally I end up feeling like I'm swaying people AWAY from buying it, but I truly want them all to buy it, just for the right reasons. What are things other people generally say when having these types of conversations? submitted by /u/xBrodoFraggins [link] [comments]
I'm a Bitcoin maxi and sometimes my friends and family ask me about it. I generally recommend learning about it first to understand what it is and why it's desirable. I recommend they read books like The Creature from Jekyll Island, The Bitcoin Standard, and others to learn why fiat is broken and why Bitcoin is the answer. I then tell them that it's a volatile asset and they have to be ready to buy and hold for the long term, that seeking short term gains is very risky. That they'll need to be able to stomach potential drops and see them as a "sale" and to keep dcaing.
Generally I end up feeling like I'm swaying people AWAY from buying it, but I truly want them all to buy it, just for the right reasons. What are things other people generally say when having these types of conversations?
[link] [comments]
