Bitcoin Forum

How do you go about showing people how to invest in crypto? What are your do and don't? I'm trying to avoid some negative vibes from people around but they thought I intentionally don't want to show them way, they can't handle the crypto pressure, they lack patience I know because we grow up together.

First of all, I don't go around telling people that they should invest in crypto. My close family and friends know that I am into all this, but I never suggested them to invest if they didn't ask me about it first. And even when they asked me what to do, I told them all pros & cons and explained them that market is highly volatile and that they should be able to forget about that money for at least couple of years. Some of them I even talked out of investing as I knew that they would panic at the first sight of a correction, let alone bear market and they would end up selling with a loss.

One important thing; if they really want to invest tell them to stick to BTC only and explain them how risky is to invest in altcoins, especially for newbie that won't know when to sell and will probably end up as a bagholder.

First thing first, Don't force people that don't have any interest in crypto to listen to you, You will just waste your time on them due to there negativity. Recommend only crypto to those people who really seek to learn crypto. Second avoid telling them that they will have massive profit here once they invest, You should be transparent on the risk on investing in crypto so that they will be responsible for there own action. Lastly explain the benefits of crypto including the privacy and focus more on the feature of blockchain rather than a typical price discussion moon shit things.

You can’t force or persuade someone to join crypto, let them join at their own will. The crypto market has its advantages and disadvantages, allow them to figure out what they really want for themselves. Once that is achieved they can decide when or when not to join.

Using myself as an example, I knew about crypto few years back but not until now that I finally joined after learning more about it and haven seen the bigger picture of how advantageous it will be to me. So don’t force or persuade anyone to join. Only explain to them what they ask you and leave them to decide by themselves.

Firstly you don't go around telling people about cryptocurrency especially Bitcoin because I believe the word now is civilize and everybody have heard the word  crypto but they don't know the ups, downs and risks involved in crypto.

secondly I think if you really want to share your knowledge about cryptocurrency especially Bitcoin to family and friends do well to exercise more on the risks involved , do not force them allow them to indicate interest themselves.

Educate them by making them educate themselves, you know what I'm saying?

In short, don't spoon feed information from these people, especially those who think that once they invest in crypto they'll automatically make a profit. These people does only see the positive side and does not understand the risk, if you are kind enough to them to promise them a profit, you might be blame if things will not turn the way they expected it.

The thing is, all you can do is to provide them with materials that will teach them about Bitcoin, as they read such materials if you yourself are knowledgeable about Bitcoin then you can assist them to understand what they read better, but mind you that you should neither convince nor compel them to join in the network. Here is one of such materials that can be of help:
5 Resources to teach Average Joe about Bitcoin (https://bitcointalk.org/index.php?topic=5156874.0)

From your post it is basically clear that your friends understand the Bitcoin network to be a "get rich quick scheme", people with such mindset are very difficult to coach about Bitcoin, they must first of all understand quite a lot about the network or else they will just solely concentrate on trying to make money which will lead to losses in the end cause of their impatience and greed.

Mind you also that you should not take it upon yourself to personally teach people about Bitcoin, you can tell them a thing or two though and allow them do their own research, but do not present yourself as a Bitcoin hodler or investor, you are making yourself open to attacks of many sort, read this thread to understand better:
why it's important to avoid telling everyone about your crypto holdings (https://bitcointalk.org/index.php?topic=5254941.0)

It depends on who you're attempting to persuade about cryptocurrency. You see, almost everyone, especially the online literates, has heard of Bitcoin at some point in their lives, but how they understand it differs, so in trying to encourage someone about Bitcoin as freedom and internet money, you must first understand the type of person you are trying to convince, as people have different perspectives on things.

Using myself as an example, my peer group of friends has this desire to do bitcoin because:
Group A has the full vibe that Bitcoin has gone from $3000 to $60000 in less than two years and they are inspired by such a move and all wants to try their luck by learning some basics against the next bull cycle.
Group B has heard that Bitcoin is a good money-making investment, but they don't know how to set up a regular wallet.
I don't care what you've heard about bitcoin, I'll tell you what you need to know, including how to avoid scams, security and privacy, general knowledge and how to buy and sell, but I will never make the mistake of assuring anyone that the price will double in the coming years. One of the practices of holding bitcoin is being patient and if you don't have it, stay with your physical business and paper money.

Whatever your good intentions, doing such things in real life is not only stupid but also dangerous. People will first think that you want to deceive them with some MLM or Ponzi scheme, and when they see that the value of their investment is melting - who do you think they will blame?

I was on that path, I paid the price for wanting to help others and I will never tell others again what they will do with their money. If you still want to advise people, create an anonymous blog or something and do it without compromising your privacy - but keep in mind that it is wrong to promote Bitcoin just on the idea that someone will profit from it because most can not cope with the fact that at some point their investment will be overshadowed by an unrealized loss.

Just tell them some of the main risks of investing/trading cryptocurrencies(to not let them go in totally blind), and tell them the best crypto trading app for your jurisdiction. If they make money or lose money in the end will totally be because of them assuming you didn't actually shill them crypto trading/investing.

Explaining first how Bitcoin works is a good way to initiate, just like talking first about the technical side of Bitcoin like how it works, how to use, etc.,
After that, talking about the opportunity for investment where you will explain the good and bad side, like good side is you will possible make profits if they bought cheap bitcoin and sell it in the future with a high price.

I can relate with you, I also experiencing this for long time like lot of people don't understand what Bitcoin is and they are just telling some negative things about it.

How about scaring them away and look for those who will stay after? This is a good trick to seek out those that are ready for the worst-case scenarios, first thing tell them about the risk involved in crypto investment, tell them about how they can lose money buying coins and tokens just to see how they will handle that.

If you have one-on-one dealings with new potential crypto investors you need to make sure that they understand the main risks they could be taking. It is also necessary to help them make a plan for how to deal with these risks, which should be delivered in a non-threatening manner.

In most crypto cases, the fundamental problem isn't that people don't know about Bitcoin and cryptocurrencies. It is that they don't know how to evaluate risk.

I also believe that there are indeed some people who cannot resist the prospect of quick money. This is when I'd tell them:
'Do not buy it until you've considered all the risks. Do not believe others that tell you that you are going to be rich. Do not buy until you're sure that you really understand what you're doing. If you don't understand the risks, and you don't understand how the profits are distributed, it might be a good idea to keep the money under your mattress.'

I advise you to be very careful when telling people about crypto investment.
Your friends need to understand that investing in cryptocurrency is very risky and that such investment should be approached very seriously and only when they are well informed about everything.
Help them with basic information and share some sources where they can get more detailed information, but the final decision on investment and how to invest must be exclusively theirs.
They must be fully aware of the risks and take personal responsibility for all their decisions.
They must also have a clear investment goal and exit strategy.
If they can't do all that, I think it's better that you don't tell them anything and don't help them. Investing is simply not for everyone.

It's hard to influence people to invest in cryptocurrency if they aren't familiar with that. We can introduce them to cryptocurrency and let them decide for themselves. I learned from my mistakes to influence someone to invest in cryptocurrency. They regret it once the price falls down and become panicked. So it's quite important to teach them about the technology of cryptocurrency and how it works. If you intend to adopt cryptocurrency then share with the nearest. If they become interested then they will learn themselves.

First, if you think that they're going to bash you because you're teaching people how to invest in this market, you should just mind your own business and ignore the bashing. There will always be those people that would be negative look at you for whatever you do, whether it had been good or bad.

The best approach is to just wait for someone to ask you and don't force it to anyone that you think that they're not interested at all. You let them come to you and wait until they voluntarily ask investing questions related to cryptocurrencies.

It's not that I don't want you to spread awareness or to tell people to invest in crypto but if you're going to tell them to invest then tell them at least the risk of investment. And maybe most people that you've told know the risk already that's why they're losing interest.

What are your reasons though why do you have to keep telling people to invest in crypto/Bitcoin?
Does it make you rich if you keep telling different people to invest in crypto?
For some people, if you are so persistent about it they might think it's a scam although with a proper knowledge people might understand but don't annoy people by keep telling them or forcing them to invest.

If I were you, I would leave them alone and let them know my success through the things that I bought.

Personally, I will tell to someone who wants to know about the crypto world because I think that joining or getting involved in the crypto world requires awareness and also a strong mentality so that they can face this uncertain crypto market. As a person who is a little more familiar with the crypto world than ordinary people, it would be better if we tell them in terms of the benefits and risks that can be obtained. the rest if they want to accept it then that will be good, but if they argue and think we are not showing the way then it's up to them and all the risks are borne by each. The crypto world needs to be underlined here that the crypto world is not that easy but also not that scary to be involved in, so it depends on how we handle and manage our crypto assets.

Until now I'm still torn between sharing Bitcoin information with friends and acquaintances and not talking about it at all. Many a times have I found myself talking about Bitcoin with someone who'd rather insist on what his/her impression of the technology is. It's more or less pointless to end up arguing against somebody who is fully convinced of what little knowledge he/she has.

I can still remember a close friend who told me Bitcoin is simply a technological bubble whose hype is temporary. That was way back when Bitcoin's price was less than $2,000. I didn't argue after making my point. I'd rather let Bitcoin, its adoption rate, and its price growth speak for itself.

I guess that's the best thing to do. Make your point and that's it. But don't exhort them to invest. You might be blamed later on. Just give them the information and let them decide for themselves.

For starters I always advise people to not invest in crypto aka altcoins and instead stay away from them.
When I introduce people to this world, I introduce them to what matter which is bitcoin and nothing else since others are just pump and dump and I don't want to introduce people to a world of scams. When it comes to bitcoin I will introduce them to the utilities that bitcoin can provide them as the only decentralized currency in existence, instead of telling them to invest in it and wish for profit!

The best is to educate them instead of giving some trading advice to them because they will suffer loss and blame you for them.So the best practice according to me is to introduce them to the learning aspect of this market which they will understand according to their mind and best outputs will be delivered to them.Everyone has his/her choice which they prefer with what they understand.

If you acknowledge that they lack patience then you need to start minding your own business, sooner or later they will let go, before I teach someone anything about crypto they must have tried some things out themselves, they must have taken some steps, this way you won't be held responsible for any loss.

at first, cryptocurrency is meant to have full interested of, because educating someone to invest on it, you can not pushed someone on it because of it's disadvantages during investment, whoever that come close for educating he/her cryptocurrency especially bitcoin, teach the person but ensure you let person know the disadvantages of cryptocurrency during investment, and also the advantages of Bitcoin investment, after giving them scooped of the investment you tell them to kicked off investment, or same way someone introduce you into cryptocurrency you as well do that to others.

If no one asked you to introduce them to cryptocurrency, it's a bad idea to wanna introduce them to it in the first place, but if they showed interest, it's in your best interest to help them out as this might make you gain more respect from them. But while introducing them to cryptocurrency, be sure you tell them the truth about it: the risk involved, possible difficulties and disappointment they might experience as a beginner and all other bitter truth that there is to be swallowed by them, after all of these, it's now their business to make decision to go ahead or not.

I remember I once asked one of my brother's friend to teach me cryptocurrency, but he snubbed me, I felt sad cause I was enthusiastic about cruptocurrency then. So, it might not be a good idea to assume someone wouldn't be able to cope, meanwhile they are pressuring you to teach them.

You can avoid hearing negative feedback from people just thinking it was normal. But I suggest you stop telling people about crypto for they don't listen to you, honestly. Unless you have something to show them like being successful or anything that could prove the existence of Bitcoin.

Actually, I did this before to one of my closest friends but guess what, you can hear them saying "be careful it was a scam bro". Think that if you don't have thick skin, you'll probably be disappointed with their response. Its only losses your confidence and misunderstanding. It was best to wait until the moment that they will ask you about crypto, that is probably the time that they will listen to you.

By listen and working hard for the betterment of the future.

It really a bad idea to introduce someone into crypto currency if they don't asked you about it, with the rate of scam and love for money in this country now most people might even think you want to scam them, especially when their investment goes wrong. Alot of people are inpatient when it comes to money issue and you can't blame them. Money is very hard to find now. So it best you make your crypto knowledge hidden especially from people who are not into it already.

I certainly disagree with the idea.
We are telling others for the sake that they will learn something from us. We are imparting knowledge with them and it was not bad, actually.

People got lost their investments, people got scams, and that was because they fall into the wrong investments, easy money schemes, Ponzi schemes, and many scam tricks. But, if they just listen to us, there are no such things going to happen.

We need to clear and empty their minds about thinking bad/negative against crypto. Just to help them know that not all crypto is scams and we can avoid them if we do the research before investing.

It's pretty hard to confuse people this day unless they start noticing big success in your life, a few years ago when I started mining crypto with old graphic cards many people around me try to talk me out of it, some even said im wasting my time trying to discourage me instead of encouraging, I ended up leaving them and stay far away until things turn right for me, now they are regretting it.

Don't force others if they don't want to invest. it will be very difficult for you.
If they are interested they should be willing to learn and read about how to invest in crypto and what are the pros and cons.
If you really have to give a little explanation or example, give them a direct example of how to invest in crypto, how to do it step by step,
and what risks they will face.
Don't let yourself be blamed for all the losses that could happen.

I recall one of my friends back in high school that wouldn't even try solving simple math problems by himself and keeps bugging me without giving much effort for himself to learn. I can't imagine how pain in the ass would it be if I even taught him crypto.
I can imagine getting calls by 2:30 am just to teach someone like babysitting them.

I don't really think is nice encouraging people to invest in cryptocurrency, most people will think you want to scam them, the only people I encourage to invest in cryptocurrency are my families, friends and anybody that come to me and ask me to teach him. If you are teaching anybody cryptocurrency, always make sure you don't collect there money to invest for them, let them buy and send it to their wallet address, they should create there own wallet and let them secure there private key, always teach them home to do some analysis like when to buy a coin, the best coin to buy, when to sell a coin. Don't let them depend on you for signal or anybody.

each field has its own terminology and vocabulary. most importantly, we want to communicate. even if its not that a formal setting like a university, i believe its still important to go through what one wants to post. for better understanding. so using of bitcoin and crytocurrency vocabulary are important. grammatical constructions are also cool, try to reread before posting for better understanding. there are some apps that can help correct grammatical construct.

If you want to teach people about crypto make sure they are trying to know more about it, meaning they already have an interest in the technology but they lack the knowledge, don't go around teaching those who have zero interest in crypto you will regret really fast once something happens.

Our involvement is only to provide cryptocurrency education to those who want to understand cryptocurrency well, starting from the crypto fundamentals, analysis and research stages to adding Bitcoin or potential coins to the portfolio. I agree with your discussion above, that we should teach in the practice of wallet management and market analysis. I am sure if they get the right cryptocurrency knowledge then their family, relatives and friends will grow up to become professional investors or traders as long as they remain consistent and optimistic about enriching their knowledge about the cryptocurrency world.

The idea of wanting to teach others around you about cryptocurrency is not a bad one, that's shows a feeling of concern about their financial life.

But in doing that always watch out for the ones that fault finders, theae sets of persons only focuses on how the cryto world is ain't working as it's been proclaimed to be.

Like they use a bad outcome of someone they knew that invested into cryto and  didn't do well to generalize the whole system.

For me, I just believe that my success should speak for me, that's what would really attract them to ask questions with real interest to know. Then from there you can start putting them through about the fundamentals and basics of cryptocurrency.

But try not to advice or rush them into investing with the few knowlege you might feel they must have gotten through about it. Rather encouge them to be patient to learn more and give themselves time.

Lastly, don't try to invest on their behalf, allow them do it themselves, most times we learn better through personal experience and just in case it didnt work out well you wouldn't be blamed or burden with so much explanations as to why it didn't work.

That's the right way of teaching new investor may you should not get money from them let them send their money in to the project wallet in order to know how to send and withdraw. Teaching a family first is the best thing to do if you are a successful investors. But before we teach someone we need to be educated about investments we need to know more about investing where we can invest,  what coin and where to buy and sell out coins.

Personally,
do:
- Give them understanding about the risk that they will also get instead of profits, so not only profits that will be gained but also there is risk
- Invite them to learn the basic knowledge about cryptocurrency, at least they understand at first about cryptocurrency before they put their money in the crypto
- Give them an understanding also about the ways to invest in crypto, not to follow the hype, asking for them about the focus of them on short term or long term, and also ask about what is their intention of investing in crypto
- Ask them to always learn about the basic knowledge of crypto trading, you show the way, and they themselves who continue learning about it. If they are lazy to learn, just leave them
- and some others

Don't:
- Don't invite them to invest at first
- DOn't guarantee them about the profits, because we will not know exactly about the profits and risks that they may actually get
- Don't suggest them to invest in hype projects or FOMO

I will not intentionally tell people about crypto investing. unless someone asks.
and when I ask then I won't start by explaining the advantages but maybe starting with basic crypto knowledge. new to the realm of investment and profit and loss in it.

If these people have no clue about cryptocurrency then you should start by teaching them the basics such as how to make transactions, which are the best wallets to use and the difference between them, how to keep their coins safe.. Then you can show them how to spot scam projects and fake apps..

The most important thing is to never give financial advices. Just explain them how things works and make sure they understand the risks of investing in such a volatile market.
This is all you should do. If they still want to invest then they should make their own research so they don't blame you when things start going south.

Never you introduce people to Bitcoin just like that, because when the price goes down, they will come to blame you that they were at home and you came to introduce them to what has made them lose their funds, but rather If they want to invest in crypto they should be the one coming to you. Because you should be able to portray yourself in such a way that when they see you, they see someone knowledgeable about cryptocurrency, by always being the one who talks about Bitcoin all the time, telling people what bitcoin is, how it works, the pros and cons and many other to anyone ready and willing to learn.
Because what most people do now is, since most exchanges have a referral program, in other to earn a commission tell people to invest in Bitcoin by telling only about the pros, and neglecting the cons, and finally when such a person has unvested and price doesn't go as planned, start panicking that BTC is a scam. So it is always advisable to tell both pros and cons

1. Do not go around telling people what you are into.
2. Some people or most people will want instant good result and crypto is all about patience which many don't have.
3. In the world today even very close friends or relatives can turn to enemy very fast, introducing them into something they don't know anything about is dangerous and also crypto is a high risk investment, you need to let them know.

Before suggesting anyone to invest in Crypto we should know that a new crypyo investor can't make a right decision and there is a huge chance to lose his funds. So I will suggest to anyone that don't invest in crypto you you don't know about it's volatility and until you have much knowledge about the proper way to trade.

What to tell them and how to carry them along is very simple, if actually they're interested.
First of all tell them the risk side of cryptocurrency by telling them

1.How they can loose money within a twinkling of an eye.
2.The volatility involved in cryptocurrency market.
3.That Crypto is not yet regulated anything can happen.
4.That crypto investment involves the money which they can afford to loose.

After narrating some of the risk involved, then watch and you will see the unserious one will back off , then teach the serious ones.

Giving financial suggestions is not a good idea if you are not a professional in that particular sector. Some people think that crypto is like gambling and you could be rich overnight so some of them become greedy and ask people around them. Without getting proper knowledge about crypto space could end up with a disaster. So if someone asks you about crypto investment then ask them to get knowledge about fundamentals first.

Each person has people whom he can trust. There are friends, buddies, and just acquaintances. We always know more about the people themselves, whether they need investments, whether they can afford to lose some funds, or whether, for them, the loss can be a significant loss. Here you need to know human psychology and approach getting acquainted with bitcoin only with those people who are ready to learn about it. I do not agree with the need to be silent and not tell anyone, but of course, all "lessons" should be neat and gradual.