TFTC: A Bitcoin Podcast #560: How To Craft The Perfect Orange Pill with Jim Crider
Nov 25, 2024
Jim Crider, a financial advisor focused on intentional living and Bitcoin, shares insights on discussing Bitcoin with loved ones, especially during Thanksgiving. He emphasizes the importance of fostering understanding rather than confrontation. The conversation touches on tailoring messages for different audiences and the unique qualities of Bitcoin in comparison to traditional currencies. Crider also discusses risk management in Bitcoin investing and the importance of aligning financial strategies with individual values, exploring the dynamic nature of modern financial planning.
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Episode notes
Starting the Conversation
- Understand your audience's Bitcoin knowledge before starting a conversation.
- Begin by asking their opinions and addressing their concerns.
Approach with Humility
- Avoid "I told you so" and approach conversations with humility.
- Allow others to voice their opinions and address their concerns directly.
Beyond Price
- Don't just focus on price; explain the underlying reasons for long-term growth.
- Anchor the conversation in deeper narratives, like the history of money.