Got a friend to buy his first $100 worth of Bitcoin. Told me it it was a bit scary, thought the money could just disappear into thin air, and also btc could start to plummet, etc. Hence the rather conservative $100 only.
Here’s the twist: he also told me he has close to $100k in his personal savings account.
What do I tell him next?
Ah that first time feeling!
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To repeat doing those 100 each day until he doesn't have anything in dollars left in that account.
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The more he learns about bitcoin, the more he will want to purchase and the less scary it will be. It's important that he learns from legitimate sources because there obviously is still a lot of misinformation about it.
At some point, he will likely stop thinking about it and will want to tell everyone about it.
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