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Author Topic: Tell people about bitcoin but don't force them to invest  (Read 462 times)
TheNineClub
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April 04, 2022, 11:15:25 AM
 #41

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.


Right on the money! Proper education of not just yourself, but others around you, will significantly improve the chances of crypto becoming more acceptable and understandable to the mass population. Investing comes as a byproduct of knowledge and faith in the project as a whole. But, when people see others shooting lasers from their eyes, shouting 'when Lambo' and flaunting their riches publically, they think they can do the same fairly easily. I think that type of behavior undermines the efforts that the community is trying to push forward.

Desmong
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April 04, 2022, 09:25:51 PM
 #42

I don't point out to people for them to make a particular investment, I only tell them about investment if only they ask and I give them more explanation concerning the investment , after that it is up to them for them to invest or not. When I tell people about investing I make sure they know about it from all angles.
We can't force people to invest in Bitcoin but we can convince them to invest with good explanation about how it works. Investing in Bitcoin takes good understanding about how the market works or else one might lose interest especially when the market starts making bear movement that can makes the price to fall. Understanding the crypto market should be next after good explanation of what Bitcoin is and it capabilities.

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GowithMi_GMAT
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April 04, 2022, 09:40:28 PM
 #43

I have discussed this with my closest relatives including my family, my friends and even my lover  Smiley.. Then, what do I talk about with them? YES of course about bitcoin! what do I get about this, money? Not money! but feeling proud to be able to introduce bitcoin to them.
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April 07, 2022, 09:16:07 AM
 #44

I completely agree with this. Bitcoin is amazing. And it is okay to discuss it with your friends and family. However, it is not right to force your opinions on them. It’s up to them to decide whether they want to take a step. Also, what if your friend failed due to the market's sudden volatility? Will you be ready to take the blame?
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April 09, 2022, 07:55:57 PM
 #45

This is correct! And it's true with even any other form of investment, we should be sure we didn't just preach the good part of it, we should also tell of the risk involved, the possible outcome if things are not done the right way, this way, the result of the decision to accept the advise or not would be the fellow's responsibility!
RashidulIR
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April 17, 2022, 02:37:18 PM
 #46

I agree with you, Bitcoin is a world famous currency, people are getting to know it as the days go by.  People have to present bitcoin in the right way because many countries in the world misrepresent bitcoin because they don't want people to know about it.

It's up to the individual to decide where to invest, but we need to let them know how easy it is to make money through blockchain and how secure it is, much more.

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April 17, 2022, 03:23:41 PM
 #47

Forcing someone to invest in Bitcoin can cause them to be frustrated and think badly of us, when they lose money, this once happened to my friend, luckily he found out bitcoin was not from me at that time.

And I told him, what is the current loss, he said around $1000, it was around 2017, basically someone before making their investment in Bitcoin, they have to look at the market conditions and understand what Bitcoin is, if they already have the basics of Bitcoin analysis, charts and the market down, maybe they can at least try to do it.

I think investing in Bitcoin should understand the basic science of trading and investing in crypto, to deal with more losses.

R


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isaac_clarke22
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April 17, 2022, 08:52:21 PM
 #48

~
Well by even the first word "force", you would make it that you are going to be responsible of whatever happens to their money. Just having a small talk with investment would be great. Even encouraging them might be a stretch already, but at least you're still willing to share some good ways to earn some passive bucks behind the scene.
I do not want to force people to risk their money and sanity over something, since mental health would be kind of gamble also in any sorts of investment.
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