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Author Topic: Let them make the choice of bitcoin  (Read 389 times)
alastantiger
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March 12, 2023, 12:36:36 PM
 #61

I dont see anything wrong in convince someone on the importance of Bitcoin. I leave them to make up their mind on whether they would buy some or not. But before i do such, i will first introduce the person to bitcoin and also make sure the person is familia with digital technology. Then I will let him or her know and understand bitcoin pattern like understanding the bear market and the bull run, security and other issues in Bitcoin. Letting him know that bitcoin takes a longer time to reap its fruit. Introducing or convincing someone to invest in bitcoin without letting him understand that bitcoin investment is a long term investment and that is why whoever that want to invest in it should have another source of income

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summonerrk
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March 12, 2023, 02:50:09 PM
 #62

In no case can another person impose the idea of buying bitcoin, or any other cryptocurrency. The fact is that then if another person loses the cryptocurrency, you will be responsible for the losses. Since you allegedly imposed a purchase decision. Everyone should understand for himself whether to buy him a cryptocurrency or not. And if you advised to do this, then you should immediately warn that this carries risks.

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March 14, 2023, 09:05:37 AM
 #63

-snip-
Introducing or convincing someone to invest in bitcoin without letting him understand that bitcoin investment is a long term investment and that is why whoever that want to invest in it should have another source of income
Another source of income is a must-have, because Investment also requires money to be able to buy bitcoins.
If those who only have knowledge without having any income then they can't do anything.

Unless they have savings that are not used for other important things, it can be a good additional investment.
Providing early education on how you explain the risks and benefits of bitcoin, it will help them determine whether to invest or not.
Never force anyone to enter, because that will be the responsibility of each.


In no case can another person impose the idea of buying bitcoin, or any other cryptocurrency. The fact is that then if another person loses the cryptocurrency, you will be responsible for the losses. Since you allegedly imposed a purchase decision. Everyone should understand for himself whether to buy him a cryptocurrency or not. And if you advised to do this, then you should immediately warn that this carries risks.
Our job is only to provide information about bitcoin and investment decisions are our own responsibility.
The crypto market is very risky for those who are new and don't fully understand it.
Nothing is instant to get big profits. Need process and also the capital.


 
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March 14, 2023, 03:46:18 PM
 #64

Get a feeling of the person's nature and personality first, and always explain the "up and down" nature of crypto, otherwise its when they get mad at you. talk about the importance of patience.
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March 15, 2023, 01:23:17 PM
 #65

Firstly, the other person invested in bitcoin with his own hands. Nobody forced him to do it.
Would that person have shared the profits if bitcoin was at the peak ? I guess no right. So he cannot say that the losses occurred because of you.
Secondly, you should not convince anyone to do any kind of investments. You can surely teach them and give them the knowledge but it should be their own decision whether they want to invest in it or not.
Even I had told my friends about bitcoin and few of them bought it and are in losses currently but they haven't backfired at me like this.

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