Tell people about bitcoin but don't force them to invest

[Rockstarguy]

Bitcoin is good and has transformed many people financially who believe in it. Those who are benefiting from bitcoin can't hide the goodness of bitcoin to themselves,  people need to know the truth that the traditional currency (fiat) can't  add any value especially when money is been saved in the bank for a long time.
One important thing we mostly don't do whenever we preach bitcoin to our friends , we fail to make them understand the tough part of bitcoin  when it goes dip which results to the loss of some bitcoin at the moment.

We forget to tell them investing in bitcoin also need patience to wait for the market to rise during the dip, all they think about is if they should start investing things will go smoothly and it' will be all about more  gains.
It is better to tell friends and family about bitcoin properly to know the good side and bad side of bitcoin,  so  that if they pick interest to invest in bitcoin and eventually meet the tough side of bitcoin their wont be anyone to put the blame on.

It will be nice to tell people about bitcoin,  but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

[aoluain]

Thats a reasonable thing to do particularly with people you know well and obviously
with family members. The trick is to be able to explain what Bitcoin is in an easy
to understand manner and of course what Bitcoin can offer in this current economic
climate where inflation is increasing globally.

We all know that Bitcoin is generally a long game or long term investment however
many ordinary working class people are unable to consider the benefits of Bitcoin
coupled with a long term investment. They would be more inclined to bank on the
traditional FIAT structures of Mortgages and pensions.

All we can do is spread the word and let those people investigate further if they
want to do so.

[decodx]

Yeah, I agree with that. Let people know about it but don't shove it in their face. Let them realize that they want to learn about it and then teach them how to buy it. You don't want people to be like, "Okay, I got a bitcoin, so what now?" That's what they should figure out for themselves.

Teach them how to buy it for the first time. I think that's really important. But, don't get too intense in your information and just give them an overview. They should be able to come to their own conclusions.

[Dillonhebist]

Yes I concur with you on this, when introducing anything especially anything that has to do with money investment like Bitcoin to anyone we should do well to emphasize more on  the difficult part of it more than the juicy part of it.

 We shouldn't Force anyone to invest, it's better for that person to indicate interest by his or her self, this shows that the person or that individual understand the basic concept of the investment especially the risk aspect.

[Rruchi man]

It will be nice to tell people about bitcoin,  but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

These days, as a result of the numerous Ponzi schemes that have been orchestrated in the past, people always get suspicious whenever you seem to add a little pressure to try to convince them to involve themselves in anything online or digital that involves money. I won't blame them.

Sometimes there's no need to tell until you are asked, the evidence should show in your finances and your general standard of living so much that someone who is close will develop an interest in what you do, and will like to know if they can get involved. Telling someone then that you invest in bitcoins and they can get involved too, explaining to them that it is no get rich quick scheme but a certain way to achieve financial freedom with proper strategy, is sure to get them to invest or want to invest in bitcoins without pressure, you have aroused their interest.

[Daniel91]

Rockstarguy, you're absolutely right.
I have been making money online for many years and many times I have been inspired by some projects like mlm or revshare, that I have often invited my friends to get involved and make some money.
It would often end badly and my friends would accuse me and hold me responsible for losing their money.
So at the beginning I don't mention crypto to anyone, but only if someone asks me what I do or directly asks for advice on where to invest money.
At the same time, I always warn them that crypto is risky and that they first investigate everything well and don't invest money that they can't afford to lose.

[tranthidung]

Telling them about Bitcoin and educating them about it are different.

Education is key to change people mind, approach and investment decisions. It is not easy if your targeted people are old enough because they are less adaptive to new technology and Bitcoin, blockchain are likely unable to be digested for elderly.

• 5 Resources to teach Average Joe about Bitcoin
• Bitcoin information (Lopp.net)
• Bitcoin for begingers

[Coyster]

It will be nice to tell people about bitcoin,  but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

How can one even force another to buy Bitcoin, there is quite a lot of risks inherent in the network that if you do something like that, chances are very high sooner or later you'll be blamed by your 'newly converted' investors when there is a correction/dip/plunge or generally anything that causes them to worry about their funds.

Having said that, research is integral in the Bitcoin network, thus whenever you want to talk to someone about Bitcoin, the best you can do is to provide such individual with materials of different sorts: Books, videos, links etc, for them to go and read about Bitcoin and then make their own personal decision, if they come back to you in the affirmation, then you can go ahead and assist them in Buying their first Bitcoin, pointing out to them which wallet to use or not to use, etc, but the most important point remains that their decision on the network must stem from doing their own personal research, not you trying so hard to convince them. Just as satoshi said:

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

[Rockstarguy]

Telling them about Bitcoin and educating them about it are different.

Education is key to change people mind, approach and investment decisions. It is not easy if your targeted people are old enough because they are less adaptive to new technology and Bitcoin, blockchain are likely unable to be digested for elderly.

• 5 Resources to teach Average Joe about Bitcoin
• Bitcoin information (Lopp.net)
• Bitcoin for begingers

Yes you are right telling them and educating them may be two different thing,  I think telling them is the first thing which will make the person to have interest in bitcoin or not, if the person finds it interesting that is when education comes,. But educating one about bitcoin happens if the person decides and makes choice to have education in bitcoin. people go after education.

[PX-Z]

With this new age, you don't need to tell anyone about bitcoin because most people in average age heard about it already no matter how they understand it. As time and interest grows, educating themselves will be next in line and invest if they tske the risk.

In any way, you can't force someone to invest especially if you don't have any contribution on someone's financial stand, even on stocks or any business firms.

[CryptoHeadlineNews]

Sometimes I see greed and an ability to earn higher rewards through a referral program as a reason why most people got to be introduced into Bitcoin,  because just as we know that we have got good Bitcoin exchanges with a very attractive referral bonus, which has made the referral forget the need for prior knowledge and understanding of the referre

So if only we could be patient enough to not just introduce people, but educate them about Bitcoin, the community will be a wonderful one.

[Stalker22]

Rockstarguy, you're absolutely right.
I have been making money online for many years and many times I have been inspired by some projects like mlm or revshare, that I have often invited my friends to get involved and make some money.
It would often end badly and my friends would accuse me and hold me responsible for losing their money.
So at the beginning I don't mention crypto to anyone, but only if someone asks me what I do or directly asks for advice on where to invest money.
At the same time, I always warn them that crypto is risky and that they first investigate everything well and don't invest money that they can't afford to lose.

Whew, that's what I did. I invested my money and I lost everything I had and then some (but I learned a lot from the experience so it was worth it). So, I would advise everyone to be very careful and do their own research first before investing in anything. There are so many scams out there and people who do not have your best interest at heart. The crypto world is still the Wild Wild West. There is a ton of money to be made, and a ton of trouble that comes along with it as well.

Now, when someone asks me if they should buy this coin or that coin, I always tell them to do their research and make sure they understand what they're doing. No investment is a guaranteed win. However, with the right diligence and common sense, it is possible to get into these digital currencies and turn a profit in the long run. It really comes down to following the right set of guidelines and having a plan before you get started.

[Upgrade00]

I personally do not even try to convince people to buy Bitcoin. If a person does show interest, I crawl the internet looking for educative posts or videos which explains how it works as simply as possible and send this to them. Many people who have asked me about bitcoin do not pass this stage, this shows they were never willing to read or do any form of research. If they do happen to pass this stage, I then introduce them to the forum and answer any questions they may have.
You find it easier to communicate when the other party is genuinely interested.

The burden of investment lies on whoever is risking their capital, and they should not be coerced into doing that.

[qwertyup23]

It will be nice to tell people about bitcoin,  but not to force/pressure them to invest , because if investing goes wrong sometimes it is funny to see the reactions of people when money is loss, the loss of money is a case that has ended many good friendship and misunderstanding between family members.

Any investment is definitely good especially if you plan on HODLing it long-term. Even investing into blue chip companies in stocks can yield you profitable results if you really plan on just HODLing them. But you are definitely right, forcing someone to invest into something may yield into catastrophic results especially if they do not know what they are investing on.

I remember back in the last quarter of 2017, the price of BTC skyrocketed from $5,000 to $18,000 in a matter of months. People were forced to invest and lots of threads were telling everyone to invest. After the first quarter of 2018, the price crashed and went down to around $3,000.

That is why, you can tell people your success stories on investing into cryptocurrencies but the final decision to invest should be theirs.

[The Cryptovator]

Agree with you, when I introduce someone with Bitcoin first of all I introduce potential volatility. So that in the event of a dip they shouldn't blame me directly. It's because I am not part of their benefits or loss. They have to carry losses or profits as well. So there shouldn't be any misunderstanding. We should explain in detail what would happen near future to avoid any trouble. No, we shouldn't force anyone to invest, we can suggest whatever they could afford to lose. Otherwise, during the dip they will give is panic.

[GeorgeJohn]

If you inform someone about bitcoin, you still have the opportunity to put the person true of bitcoin by educating the person, because this present time people live life of example to trigger or motivate other people, the information of cryptocurrency especially bitcoin has gone round to the extent that when you made mention of bitcoin in a geographical environment about fifty percent dwelling there will embrace the courage of bitcoin because of it's news spread. In summary no average youths can decline Bitcoin education.

[SafuBTC]

Forced investment on crypto never ends well.

1. Those you force will want quick results.
2. It's a scam if they lose money.
3. You lose your reputation if things go wrong.
4. Crypto is a scam will be their new Anthem.

Show them the way and let them make decisions themselves, tell them about the risk involved too.

[Hypnosis00]

It is found reasonable to tell and educate people about crypto but never be an option to force them to invest.
Why?
1. They will blame you back once they fail and lose
2. Investing should be well-prepared
3. Willingness

To avoid unnecessary misunderstandings, we have to wait for their decision. Likely, we have to give them time to think and prepare themselves.

[nurilham]

There is no compulsion for someone to invest in cryptocurrency because we ourselves will accept the risk. Although investing in cryptocurrencies is profitable but we also must not forget that there is also a risk in it. that is why it is important to give understanding to people before join into the crypto world because most of them tend to expect profits without knowing the risks that can be obtained if not careful. there are so many incidents where people join the crypto world because they are tempted by the success of others without having sufficient knowledge. as a result, many of them also suffer losses and blame crypto because it is considered that crypto is detrimental.

[Stalker22]

In the case when some of them has no idea about any of these concepts, just try to start telling it briefly:
As you know, bitcoin is a decentralized form of money.
It is quite similar to PayPal.
It is not regulated or controlled by any government.
It is not issued by banks.
You can use this bitcoin to purchase goods, services, or send money.
...

But you should never push them to invest if they do not wish to participate. To be frank, if they have no idea and they are not interested to understand all these new words, don’t expect that they will take it seriously and want to join.