The cryptocurrency market—which is volatile and includes risks and benefits—can be a modern pathway to potentially building wealth.* And I want to share as much info (for people to consider for themselves) as I can.
If you’re into the market, you may find yourself in a similar position of wanting to share news with friends or loved ones. But these conversations can be complicated.
For instance, your contacts may not understand the financial and tech possibilities of cryptocurrency—which, by the way goes beyond Bitcoin and includes a variety of altcoins like Ethereum, Cardano’s ADA, and even Dogecoin (created as a meme). Or maybe your contacts just aren’t fans of the market. After all, some people—maybe even you, dear reader?—may have (falsely) heard that crypto is nothing but a scam. Or that it’s only used for nefarious purposes.
Nevertheless, if you understand the market, it may be worth trying to explain the landscape to others. Because, yes, there are some scams of which to be wary. But as Bitcoin has been surging to all-time highs this year—and mainstream media sites share news while celebs tweet about the space—it offers yet another chance to set the record straight.
Plus, as we see companies like Tesla and firms like MicroStrategy pouring billions of dollars into cryptocurrency, many of us don’t want our loved ones left behind. So, since I’ve written about the possibilities that cryptocurrency presents—and continue to co-moderate public conversations on this topic with other knowledgeable people—I wrote about tips for having these conversations for Gokhshtein Media, where I’ve recently become a contributor.
One tip: Lead with facts instead of feelings. While it may be tempting to share emotions, sharing facts gives your loved ones a chance to evaluate information and news from their own perspective.
Also use plain language. (This also is helpful when discussing a variety of subjects.) In general, by avoiding jargon and complex phrases—our cryptocurrency community has coined lots of them—you can help people understand your messages.
For more tips, please read the full story. I’m glad to contribute to this site and team and look forward to sharing more news on crypto in general.
P.S. Are you the one who has doubts or questions about cryptocurrency? You’re not alone. For background, feel free to check out my blog post on how not to have regrets in this space. Or feel free to comment here or follow me on Instagram and Twitter to stay tuned about my articles and talks on this topic!
*Note: When I share info about investing or finances, it is not financial advice. It’s so important to do your own research and evaluate your own financial goals. If you have questions about your specific situation, consider talking to a certified financial planner. It is possible to learn if you take time to do it.