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Author Topic: Do you encourage friends and family to invest in crypto?  (Read 1232 times)
peter.from.penn
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March 12, 2018, 04:42:47 PM
 #1

I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?
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March 12, 2018, 05:17:34 PM
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I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?

Those newbies does need understanding so for a start, the one that needs to explain is the risks and that is a must. There are persons who doesn't want to engage in a crypto earning methods to earn that's why instead they want to invest.

Well we can't stop them if they are really eager but like I said, since they are new to these things, they need to understand how volatile crypto is and what are the risks associated once they invested. Im asking also some questions like, "why they choose to invest" "did they just saw others getting decent profit out from crypto trading that's why they want to do the same" "are they willing to accept that they might lose the moment they wake up" etc.

As much as possible, I want them to earned cryptos by means of doing such crypto related works then used their profit there to buy a crypto but people have different views and mindset that's why in here, just give them some insights of what will happened on the path they choose.

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March 12, 2018, 05:25:42 PM
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This is what i do regularly because i have seen the bright fure of crypto but unfortunately i dont usually get a positive response from them.
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March 12, 2018, 05:26:03 PM
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I will not encourage my families as well as friends to invest in crypto because this market, though profitable, also contains a lot of risks. Most of the new investors, who have not had the experience of buying cryptos at peak prices, and then when the rates drop sharply, have a psychological FOMO leading to panic sell. So I will not introduce my friends and relatives into this risky market.

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March 12, 2018, 05:37:23 PM
 #5

I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?

That's you but not me, already try and they don't speak with me in a week because I push too hard ( my foul ). Now family and close friend really not want discuss about blockchain, bitcoin and altcoin, for them that topic is dangerous. They know about invest but in crypto, I still don't have their trust. Now I never encourage any one to invest/ trade with crypto, just me and only me with crypto.



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March 12, 2018, 05:39:42 PM
 #6

I didn't encourage them to invest they just want to hahaha. I said to them to study first before invest to crypto, some my family is not in tech stuffs so they don't understand how it works. My friend have some basic knowledge about financials or trading then they invest to crypto and happy to know crypto early. But if you teach some person that is not willing to risk some funds or  give some time to understand it, then back offs soon or later they will just ask you too many question at all. And tell to them to do research so they can learn something about crypto and bitcoins. It is hard to explain to them, then Its better to be shut my mouth and focus what I'm doing haha.

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March 12, 2018, 05:41:55 PM
 #7

I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?

No, I do not encourage others to invest in crypto. Although I've informed some people about the oppertunities and dangers of the cryptomarket, I’m not going to risk my hide.
Suggesting investments to other people is a really bad idea, especially when it's something so risky and volatile like crypto currencies. They may claim to be okay with losing their investment in the worst case scenario, but most people would care a lot if it went wrong and it would result in bitterness and anger towards you.


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March 12, 2018, 05:50:57 PM
 #8

I will put it this way, I'm trying to promote cryptocurrencies and Bitcoin but I don't encourage others to invest. Think that it's too risky to play with other people's money. Besides there are also other ways to get the crypto and to use it.
So far I have learned that there is no use of forcing people to something but you can help them with honest and quality information.

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March 12, 2018, 06:07:32 PM
 #9

I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?
Well, i used to tell people that i know to buy bitcoin when it was below $1000, but no one did lol. i don't really tell anyone to buy anything now, if someone asks me about bitcoin/altcoin i just explain them what it is/how it works etc.. but i never tell/force them to buy, i think we should let the person decide whether they want to buy or not. Smiley
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March 12, 2018, 07:23:10 PM
 #10

I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?
Well, i used to tell people that i know to buy bitcoin when it was below $1000, but no one did lol. i don't really tell anyone to buy anything now, if someone asks me about bitcoin/altcoin i just explain them what it is/how it works etc.. but i never tell/force them to buy, i think we should let the person decide whether they want to buy or not. Smiley

Good point.  It's easy to talk about crypto when we were in a bull market.  But the crypto market is extremely volitile.  If someone asks, I will tell then about Blockchain technology.  However, I'm never going to encourage anyone to invest ever again, even if the market is soaring.  Lesson learned. 
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March 12, 2018, 07:24:29 PM
 #11

I used to do that but not any more , because bitcoin felt down after i suggested it and he blamed me , now i just introduce it to people who ask me.
I'm not yelling any more about it.



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March 12, 2018, 07:30:13 PM
 #12

I will put it this way, I'm trying to promote cryptocurrencies and Bitcoin but I don't encourage others to invest. Think that it's too risky to play with other people's money. Besides there are also other ways to get the crypto and to use it.
So far I have learned that there is no use of forcing people to something but you can help them with honest and quality information.

Yes, there are other ways to use cryptocurrencies other than trading.  If you're only buying to transfer money, and not holding as an investment, there is little risk.  But we need easier ways to exchange cryptocurrencies and Fiat.  Most people don't want to bother with all of the KYC requirements to open a Coinbase or Kraken account.  The only other option is for major retailers to accept cryptocurrencies.
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March 12, 2018, 07:37:03 PM
 #13

I talk a lot about crypto and Blockchain with my friends, about Bitcoin, bu investing - this decision should be the personal decision to my mind. It is personal money and the personal responsibility for this. So I just may recommend something waht to read and where to learn. But not to invest. Because my oppinion may be different.



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March 13, 2018, 02:48:13 AM
 #14

Not yet maybe just two people who have tried to invest dan now i still give them education about the necessary procedures of trading and investing well, so
they aren't wrong in carrying out the action. For me with success to invite others to invest in the field of crypto has its own pride and i'm ready to drive them through the gates of success.

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March 13, 2018, 02:50:58 AM
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I never did, and will never do it

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March 13, 2018, 02:54:58 AM
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I'm someone who loves to share.  When I discovered blockchain technology a while ago, I wanted to tell everyone.  I didn't stop with my friends and family.  I told colleagues at work, my doctor, and just about anyone who would listen.  Some who got in early made money and were very happy.  But others waited until after seeing the massive bull run to invest, and bought at the top.  Now I keep my mouth shut because I can't control how people invest.  Even though blockchain will change the world, there are still good and bad investments.  How about you?  Do you encourage others to invest in crypto?
No i don't i am just doing bitcoins all myself and if they are going to ask what am i doing that is only the way i will open the topic. Im not that sharer because i felt very bad when some people invest at i am the one who introduced bitcoins to them and when they loss they going to blame me. For the future its not henceforth its a psychological problem to the people who didn't know further and wants only to jump in and buy.




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kpcian
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March 13, 2018, 03:39:48 AM
 #17

Day by day it's becoming a confusing issue and I don't think that so. Actually, in the light of recent times happening obviously, I suggest around my people investing in this platform because of the price is very low. I have a strong belief that Bitcoin and blockchain system will recover its price and it will come back very soon.
Not only that but also by investing in here, anyone can get a lot of profit by trading. so that this platform will certainly make a good figure if someone invests here at now.
mustafizur8400
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March 13, 2018, 04:50:40 AM
 #18

The answer is partly yes and no. The people who are financially solvent having enough idle money to invest . They can take the risk and put up some amount because any gain or return is related to loss  and risk. Otherwise if not solvent and struggling to manage their daily life, they should go for mining instead of putting fund directly.
Usafstar
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March 13, 2018, 05:08:34 AM
 #19

Yes I would like to encourage friends and family to invest in crypto because i know that bitcoin is the most popular currency and with this we can get good profit there are so many investors who left investment in stocks and they invested in crypto because they know that the profit is high in the crypto then investment in the crypto so i convince every one in family to invest in crypto.

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March 13, 2018, 05:13:53 AM
 #20

Yes, I always share how crypto works to them before I encourage them to invest I made sure that they know how market flows and how crypto currency works. I won't encourage them to invest if they don't want to learn how it works because they might loose their money and waste the time. Some of my friends that I shared before, they don't have interest in investing and they think it is scam.

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