BeyOglu - The Analyst
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Donât try to convince your friends and family to buy #bitcoin
I know, you are maybe hearing this a lot nowadays, but I still want to emphasize this.
You can mention it once, but that should be it. Otherwise you can only lose:
- if they havenât done any research on their own already, theyâll almost always think you are an idiot. If they have, thereâs no need to convince them anyway.
If you actually manage to convince someone you also lose:
- price drops 20%, theyâll sell and will be angry at you
- price goes up, theyâll ask you why you havenât told them earlier.
Then price dips again, theyâll be angry, think you convinced them of some BS after all, and sell again.
Everybody needs to go this road on their own. It takes a lot of research and is a learning experience, to become a HODLer. Most people canât handle the volatility. Donât try to drag them with you.
#beyoglu
I know, you are maybe hearing this a lot nowadays, but I still want to emphasize this.
You can mention it once, but that should be it. Otherwise you can only lose:
- if they havenât done any research on their own already, theyâll almost always think you are an idiot. If they have, thereâs no need to convince them anyway.
If you actually manage to convince someone you also lose:
- price drops 20%, theyâll sell and will be angry at you
- price goes up, theyâll ask you why you havenât told them earlier.
Then price dips again, theyâll be angry, think you convinced them of some BS after all, and sell again.
Everybody needs to go this road on their own. It takes a lot of research and is a learning experience, to become a HODLer. Most people canât handle the volatility. Donât try to drag them with you.
#beyoglu
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