wiss19
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May 01, 2024, 06:20:32 AM |
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Your heart is really kind, friend, you still care about other people getting rich from bitcoin, but I read your story above. Your neighbor is very afraid of losing his money. What I want to ask you is how much money your neighbor has? Do you have a fixed income? If I were you, I would borrow your neighbor's funds if your neighbor allowed it. I will return it at the agreed time. You have to remember here that you have to have a steady income to pay in installments and so that they believe you will pay it off. Then you can buy the whole thing at a moment like now when prices are decreasing. If you succeed, you just have to prove it to him, of course he will regret not following your words.
It's hard to believe what we hear until we see something, it's not so easy to believe what other people say is true until someone makes a profit from investing in Bitcoin. Keep telling him all day long that you will get profit in the future, and he still won't believe it, so I also agree, but taking a loan from someone and investing in Bitcoin is not safe for me. Since Bitcoin is a long-term investment and it is also possible that the invested money will go to loss and it will take a long time to recover it, therefore one should never trade by borrowing from anyone. As you suggested you should have enough income to pay back the amount in instalments, so I would say if you have enough money to pay back the borrowed amount in instalments then it is better. Instead of taking a headache, invest in Bitcoin in portions because doing DCA is better than buying it all at once.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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tottong
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May 01, 2024, 07:24:40 AM |
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The more serious problem is why do we take the time to give investment advice to these types of people and take the time to explain it to them?In my opinion, stay away from the type of person who wants to make big profits but does not like to take risks. This will just waste our time.
I find that the mistake most of us make is that we like to give bitcoin investment advice to others when what we should be doing is just recommending bitcoin to them. Give them knowledge about bitcoin, not advice to invest in bitcoin as soon as possible.
Different people will look at problems in different styles, I have a friend whose character likes to share information and he always teaches people how to make money. He is so thorough and ready for everyone to ask about investment matters and what is strange is that he never gets bored of teaching this matter every day to the people who ask. If we think the person is not worthy of being taught then leave, because there is no responsibility to give advice to anyone because there will be risks that will occur. Apart from providing recommendations, we should also mention the risk impacts that result when people don't understand Bitcoin. This way they also have the motivation to learn first before getting involved in it. So that every time there is a problem they can face it more prepared.
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kro55
Sr. Member
Offline
Activity: 1624
Merit: 301
*STOP NOWHERE*
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May 02, 2024, 04:01:00 AM |
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The more serious problem is why do we take the time to give investment advice to these types of people and take the time to explain it to them?In my opinion, stay away from the type of person who wants to make big profits but does not like to take risks. This will just waste our time.
I find that the mistake most of us make is that we like to give bitcoin investment advice to others when what we should be doing is just recommending bitcoin to them. Give them knowledge about bitcoin, not advice to invest in bitcoin as soon as possible.
Different people will look at problems in different styles, I have a friend whose character likes to share information and he always teaches people how to make money. He is so thorough and ready for everyone to ask about investment matters and what is strange is that he never gets bored of teaching this matter every day to the people who ask. If we think the person is not worthy of being taught then leave, because there is no responsibility to give advice to anyone because there will be risks that will occur. Apart from providing recommendations, we should also mention the risk impacts that result when people don't understand Bitcoin. This way they also have the motivation to learn first before getting involved in it. So that every time there is a problem they can face it more prepared. As I also said, why don't we give them knowledge and let them make decisions once they understand everything. What I see commonly nowadays is that people just like to impose their thoughts on others, people just always want others to invest in bitcoin immediately. Most just give advice and impose thoughts, no one takes the time to analyze or explain the benefits and risks of bitcoin to someone in detail. And opposite, if someone doesn't want to listen to our explanations or receive our knowledge but just wants us to ensure their safety, then stay away from them and don't let them waste our time.
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2Pizza410000BTC
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May 02, 2024, 04:38:05 AM |
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~snip~ Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I would not recommend such people. Because investment should always be at your own risk. Don't invest in other people's decisions. But yes one can get experience from me about investment and follow all investment strategies but he will invest with decision from me and in case of loss of that investment I will compensate him which I will never accept. Here he takes a decision from me if he invests and gets a lot of success in that investment then he will not give me any part of his profit but whenever he suffers loss it is never acceptable why I should be compensated. If he agrees to give me a share of the profits, I will be willing to take this risk.
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Promocodeudo
Full Member
Online
Activity: 392
Merit: 186
Play Bitcoin PVP Prediction Game
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May 02, 2024, 06:43:29 AM |
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Bitcoin can not afford to reprogram its potentials values of being a non-custodial currencies hence it is a technological development created by an initiative individual who is known to be Satoshi Nakamoto.
It is a financial system initiated without any sector of the government contributing to the structure neither being slated with any form of authority role in the system of the digital financial system as Bitcoin. And on no account would the potentialities and nature of Bitcoin would be flexible to be reformed such as to be centralized in other to justify the mistrusts of the people who are in doubt of it with the facts that Satoshi Nakamoto has remained unknown and yet the digital currency is non-custodian.
I made this expressions because just in, a neighbor is f man who has been in good terms in a while now with me asked if I can recommend him to any way she can Invest, have her funds secured and as much make profits. So I recommended Bitcoin to her which she acknowledged that she knows a little about it but her fear is that it is not a centralized technology and for that she has always felt insecured on the development.
You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her. And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Though the investor wanted to protect her investment without understanding what it means to invest in bitcoin, for this singular statement alone I strongly conclude that this kind of person is not preparef for bitcoin investment and there is know neee of further explanation for her because even though you finally convince her if any ugly situation occurs in the process she will still drag you in, though ponzi scheme has dealt with people and that incident incident still occupues their mind, any investor who is not ready to bear the risk of investing in Bitcoin alone, I think such investor is not worthy of being part this investment and there is know need of wasting your eneegy to talk to such person because the situation may turnout to be aginst you.
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Franctoshi
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May 02, 2024, 07:20:55 AM |
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You can imagine that she told me to give her my words that if anything happens to her funds if invested that I will have to refund her. 😏. That was silly and I felt mad at her. And right then I clearly told her that I am not trying to introduce her to any of the Ponzi schemes so it is her choice to decide but all I can tell you(her) lastly about this is that your funds will be secured as long you (she) would stick to the terms I have explained to her after explaining the Pros and the Cons to her.
Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
Reading through your post, I can tell you didn't put this your neighbour through properly about Bitcoin and its investment risk at the initial time ,else something of this nature wouldn't have arise, for telling you that if anything happens to her funds you are responsible, Well, that's why it's necessary we lecture any interested individuals properly about Bitcoin and the risks associated with its investment before they think of investing, and this should be the primary objective, I have had number of friends who has indicated interest to invest into Bitcoin but ones I told them about the risk side of it, you see most of them losing interest, The bitter truth is that most people that wants to invest are only concerned about the profit side and aren't willing to take risks side of possibly losing money.
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rodskee
Full Member
Online
Activity: 2366
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
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May 02, 2024, 07:42:36 AM |
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~snip~ Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I would not recommend such people. Because investment should always be at your own risk. Don't invest in other people's decisions. But yes one can get experience from me about investment and follow all investment strategies but he will invest with decision from me and in case of loss of that investment I will compensate him which I will never accept. Here he takes a decision from me if he invests and gets a lot of success in that investment then he will not give me any part of his profit but whenever he suffers loss it is never acceptable why I should be compensated. If he agrees to give me a share of the profits, I will be willing to take this risk. if this is the attitude of the person ? nope never that I will recommend her or even teaches how to invest because look at that behavior , they wanted to have a secure investment , they don't wanna lose but they wanted to gain ? that is completely stupidity here in bitcoin investing because all of us here have risked and spend our time and knowledge here and what we are gaining now is the product of our own strength and power because we trusted this market that in future may change our life.
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Asuspawer09
Sr. Member
Offline
Activity: 1652
Merit: 425
Cashback 15%
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May 02, 2024, 07:54:24 AM |
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I wouldn't really going to recommend taking funds from someone just to invest in Cryptocurrency or Bitcoin, I mean we already know the how risky it is on be on cryptocurrency so we should be extra careful especially if you are going to take funds from someone, because if you take investment money from someone they might say that it might win or lose, but they surely going to expect a return from you which is not going to end up well for sure because market is not predictable. Even though we could say that market price is going to be a profit in the coming months it wasn't going to be a guaranteed thing at all.
What I would advice in this kind of situation, is never to take any money from anyone because it just going to be a huge problem in the end, what you should say to someone who wants to invest is to actually invest it by himself, so he or she needed to do the hard work, needed to do the research on there own because it involved a huge risk, so that if they lose that money it is going to be their fault. Just don't encourage them to invest at all instead discourage them telling them all of the disadvantages and worst things that could happen, after that if they still want to invest after hearing most of it, then let them process and probably guide them, or else guide him to this forum where he/she might learn a lot.
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tottong
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May 03, 2024, 04:06:10 AM |
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As I also said, why don't we give them knowledge and let them make decisions once they understand everything. What I see commonly nowadays is that people just like to impose their thoughts on others, people just always want others to invest in bitcoin immediately. Most just give advice and impose thoughts, no one takes the time to analyze or explain the benefits and risks of bitcoin to someone in detail. And opposite, if someone doesn't want to listen to our explanations or receive our knowledge but just wants us to ensure their safety, then stay away from them and don't let them waste our time.
It is much better that we provide knowledge and they can learn to understand before making a decision. Imposing our thoughts on other people is not a good decision because they may not be able to implement the methods we use. Investing in bitcoin is indeed very good, but if they don't understand how to do it, it will be dangerous and if they are not taught about risks, fluctuations or market movements that can change in the near future. It will cause panic when they invest in the condition of a sharp decline in the bitcoin market. That's why it's important to provide a complete understanding of Bitcoin and they can decide to invest after understanding everything. If not, when faced with a problem, they will find it difficult to understand how to minimize the risks posed.
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2Pizza410000BTC
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May 03, 2024, 05:58:16 AM |
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~snip~ Dear fellas, please I needed to know how you would feel if you were in my position basically where she said I would refund her if her funds gets lost becasue you recommended and introduced her to the system.
I would not recommend such people. Because investment should always be at your own risk. Don't invest in other people's decisions. But yes one can get experience from me about investment and follow all investment strategies but he will invest with decision from me and in case of loss of that investment I will compensate him which I will never accept. Here he takes a decision from me if he invests and gets a lot of success in that investment then he will not give me any part of his profit but whenever he suffers loss it is never acceptable why I should be compensated. If he agrees to give me a share of the profits, I will be willing to take this risk. if this is the attitude of the person ? nope never that I will recommend her or even teaches how to invest because look at that behavior , they wanted to have a secure investment , they don't wanna lose but they wanted to gain ? that is completely stupidity here in bitcoin investing because all of us here have risked and spend our time and knowledge here and what we are gaining now is the product of our own strength and power because we trusted this market that in future may change our life. Investing always requires your own willpower Never invest without your own willpower. Also investment should always be done at own risk and should not rely on investment decisions of others. I don't give investment advice to anyone because if someone invests on my advice and gets hurt by that investment, no matter how much he loves and cares for me, his love for me will diminish even a little bit because he will always feel that he got hurt by investing on his advice. If someone seeks investment advice from me, I advise him on all investment strategies so that he can invest at his own risk because if he loses the investment, he cannot blame anyone.
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bettercrypto
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May 03, 2024, 06:50:24 AM |
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It's hard like that; unless he agrees to share the profit 50/50, I'll agree. Also, if you shared with him about Bitcoin, it's up to him if he wants to invest. Then you should assume that there is still a risk associated with it.
I think you should discourage him from the beginning from investing if he is not ready for any circumstances that he may face there.
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