We talk about mass adoption, but how many folks have actually talked friends into investing in crypto?

Hey everyone! I imagine we’ve all known at least one or two people who are passionate about a particular crypto project. I had a friend who was super into ETH and got me interested, for example, and another who bought some Doge early on and made a little cash. A third guy was really into XRP.

Beyond those three guys, I don’t often talk to people about it, and I don’t think I’ve ever talked anyone into buying much. I even tried to talk the Doge guy into consdering some ETH to hold longterm, but he wasn’t interested. How about you? I imagine stories like this could go all sorts of different directions, depending on when people bought. If it was Nov 2020, and you talked someone into buying ETH, I bet they’d be happy right now. If it was Nov 2021, well… maybe not unfortunately.

And if you like to recommend a coin that’s not BTC or ETH, what do you like to talk about? Personally, I really like Cosmos but I know it’s not the most popular.

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49 thoughts on “We talk about mass adoption, but how many folks have actually talked friends into investing in crypto?”

  1. I will **absolutely** not try to talk anyone into investing in anything. That’s a recipe for disaster. Will I tell them what I am buying if they ask me? Sure (with 100 disclaimers that it’s risky). But trying to ‘convert’ someone… yeah no, I’d like to keep my friends

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  2. Trying to “talk friends into investing in crypto” is one of the worst things you can do. Answering questions when people come to you is one thing, but pushing beyond that is a recipe for losing friends and scaring people away. Just as with politics or any other polarizing topic “trying to convince” people to agree with you just pisses them off. You have to give people space to figure things out on their own, or not–it’s their life, and their call, ultimately. Support, but don’t push.

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  3. Adoption comes when big financial institutions decide to use crypto, not when Kyle and his friends invest in crypto!

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  4. My brother and I follow crypto together. I’ve never spoken with even my closest friends about it. They don’t even know I’m invested, because they’ve never asked.

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  5. More and more companies are making it easier to onboard people to crypto. Nash, in Europe, has direct fiat-to-Anchor deposits for high interest earning. No crypto knowledge needed.

    I think we’ll be seeing more companies like this that make it super simple to refer friends to.

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  6. With good friends I talk about crypto but I would never persuade them to invest because everyone has to decide for themselves.

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  7. Yes but that interferes with my plan of being rich out of the blue without anyone knowing how and definitely not with crypto.

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  8. I did it once and never again. You will be the blame by yourself and the other party if they ever lose money. They will also laugh at you for having unrealized losses.

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  9. I just help friends / family with basic financial knowledge without mentioning specifics. If they ask specifics I answer, sometimes I’ll mention “all assets, like stocks, bonds, crypto”

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  10. Learnt not to talk people into investing. I’m not okay with losing money and I’m far less okay with people blaming me because they lost money.

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  11. I just gave a presentation to 200+ students at my school’s finance association on the importance of blockchain and digital assets. A week later I pitched Coinbase to the equity investment group within the finance association. I’m studying economics and have an internship at a local wealth management firm. I plan on obtaining my CDAA, certified digital asset advisor, a designation for financial planners facilitated by PlannerDAO, a DAO for educating finance professionals. When I finish school next year and become licensed/certified I’ll be helping high net worth clients with investing, estate planning, tax prep, and much more, but I plan to specialize on digital assets. So I’d say I’m going balls deep on facilitating mass adoption in a way that’s best for my abilities.

    Hopefully, there’s many more like me out there.

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  12. Why would I want to get people into crypto? All that’s gonna happen is they’re going to be impatient and lose money and then blame it on me.

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  13. I think we are ahead of the crowd. Ive convinced frienss into investing in certain projects and a friend convinced me after a few years of denial when i didnt understand the crypto market.

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  14. I am not going to talk anyone into crypto. I’m not even going to mention it. I will only talk about it if someone specifically asks or someone is giving false info on crypto. Adoption will come, I’m not in a hurry.

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  15. I never talk to anyone in terms of what they should invest in (stock or crypto), nor promise them anything is gonna make them money.

    I’ve had people ask me if they should invest in crypto, and I just tell them it’s volatile and risky, and to be careful, and really learn what they’re investing in.

    But I do tell people about the tech solutions it can provide.

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  16. It’s ok to talk to people about crypto, especially if you’re answering their questions about it. Just don’t try to shill anything. It will only lead to heartache

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  17. Imho trying to talk them into investing is wrong on multiple levels. Investing is not cryptos main goal.

    I tell them how to use it and why it is a revolution, they can decide for themselves if and how much they want to buy. BCH is the coin I show them since it will replace FIAT.

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  18. The first coin I ever bought was HBAR, it was a great coin to get me introduced to the space, I quickly adapted tho, now I hold a quite large portfolio of many powerful coins but I haven’t forgotten my roots.

    I have faith HBAR will make it big someday, the tech is just too good to pass, in addition they have an entity like the HBAR Foundation which clearly is dedicated to rapidly funding Devs and project leads to build a vast network of Dapps nd DeFi protocols on Hedera, excited for it <3

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  19. Like others have said, I’ve never tried to shill someone into investing or going heavy into crypto. I have had conversations with people about what crypto is or aims to do and then if they’re interested/curious I tell them about my journey and resources I’ve learned along the way. I never tell them what I hold or how much I hold.

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  20. I will talk my friends into crypto, as soon as a crypto app provides a non-monetary benefit useful to them.

    I will never give any investment advice beyond the safest of safest options to my friends, because I like to keep my friends.

    Just imagine your friends buying BTC at 44k and BTC stays below 42k for a year. Your friends sell at a loss out of frustration. Even if BTC moons half a year later, you’ll still be the guy who lost them money and pointing out, that they shouldn’t have sold will just be a painful “I told you so”.

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  21. You shouldn’t talk anyone into investing into anything more than saying “hey you should invest into your retirement”

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  22. I’ve gotten 3 work colleagues to look into crypto and of their own free will decided to invest into it. They approached me and asked me about crypto and investing into it and one of the first things I always say is: ‘every single cent I’ve got invested I count as burnt money. Tomorrow if it’s worth nothing then that’s what I planned for worst case scenario, anytime you invest money into crypto be sure you’re willing to burn that money and never see it again, there will come a day when your investment is down 10, 30, 50, 80, 90% and it may stay that way for years before you start seeing any positive return, if you can’t stomach that then don’t even bother doing any research. If you’re willing to burn 10$ a month or more then I leave that to you but don’t come to me and say I said this or that. I warned you and you still decided to put money into it so it’s on you’

    I’d rather scare someone away than have them come to me and tell me I wasted their savings. So far things have been alright since we’re in a bear market. Heck one of those colleagues I showed how I bought btc at ATH April last year and bought again when it crashed 50% in a few days and bought again a month later and a month later and a month later. Every cent I’ve invested into crypto I act as if that money is lost to the ether until I start pulling profits and those profits sit in my bank account. If its not in my account then it’s not money I have or can use.

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