In my last post which you can read here, I explained that if you want people to come to you for advice when they are ready to jump into buying cryptocurrency you need to be empathetic to their skepticism. If your sister tells you she doesn't want to buy any crypto because she thinks its a scam and you belittle her for having a different point of view, she won't come to you for help even if she does change her mind. No one wants to ask a jerk for help.
I highly doubt anyone new is asking you for advice on how to buy crypto right now. Normal people will be scared away until we see another bull run. Normal people won’t buy during the dips, they only buy due to FOMO. But if you believe in the future of cryptocurrency like I do, you know that the market will be back. The time to get ready for the next 2% of the population to start buying crypto is now. They’ll be needing you to be the best crypto ambassador you can be.
Don't be a Crypto Know it All!
I think every interest/hobby/subject has a hierarchy of people involved in it. From beer to cooking, and even crypto, there are varying levels of interest, from noob to expert and everything in between. For some reason especially in crypto there is a tendency for the people who are more knowledgeable to belittle the new people. This is rampant online, just look at the sub-reddit for Cryptocurrency. God forbid you ask a question and the people lurking on there don't like it, or you buy a coin that they deem a "shit coin." You will be made fun of and berated until you start doubting your own buying decisions. Please don't treat people this way. Being condescending is rude. Everyone can't be an expert in every subject!
Teach them the Basics First!
If you really want cryptocurrencies to be adopted by the masses you need to be willing to answer all the questions that normal people (who are not involved with crypto) will ask, no matter how annoying it is. Some things that you need to be able to explain:
- What is blockchain technology?
- What is the difference between Bitcoin and Ethereum?
- What is the easiest way to buy Bitcoin (I say Coinbase for now, until there is a better alternative)
- Why are there so many cryptocurrencies? Are they all necessary?
- Why does the circulating supply matter?
- Will all cryptos be as valuable as Bitcoin eventually? (Ugh, lol)
- How much should they invest into crypto?
- Explain and show them a real use case for crypto in depth (like Steemit!)
- Basic security measures (2FA, strong passwords, knowledge about phishing links)
- Triple checking wallet addresses before sending crypto
Only once people understand the answers to these questions can they move on to the more complicated concepts.
What if you get the feeling that your friend really doesn’t care to learn about the basics of how blockchain technology works? I would be wary offering to help them buy it in that case. It’s obvious they don’t care about the tech, only about the money. Now, I am not going to lie and say that the money doesn’t matter to me because obviously it does. But, I would be cautious about offering to help a friend who is thinking about crypto the same way he would approach a blackjack table. The reason why I’ve been able to hold everything since July is because I really do believe in all the coins I hold. If I didn’t understand all of them, I would have panic sold months ago!Teach your crypto noob about the fundamentals! Even if it takes you a year to fully explain what Bitcoin is to them, do it anyways. You are not better than someone because you got into crypto a year before them. You have the ability to teach them why Blockchain technology will change world and how to get involved. Don't screw it up!
Emily
Did you have any bad experiences asking for help when you got into crypto? What about good experiences? Do you have any guesses about how long we will be in a correction? I would love to hear about them below in the comments section! If you enjoyed this post would you give me the honor of your upvote and/or follow? I appreciate every single one and I cant wait to connect with you! Steem on!