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Author Topic: How to convince a sceptical person to buy Bitcoin ?  (Read 1415 times)
Jamala
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April 18, 2023, 06:43:13 AM
 #181

There are people who have decided to be blind to digital currencies. They just don't care. Who do you report failed bitcoin transactions to? They ask. They aren't convinced about the genuineness of the project bitcoin.
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April 18, 2023, 08:07:31 AM
 #182

I see that the proper way to convince a skeptical person is to take his risk on your account (cover his losses). Let him invest his money, set a date when you plan to check Bitcoin price and sell it. If the price is lower, you repay a price difference. If the price is higher, that person takes everything. Repeat that until he starts to believe. Talking, giving examples, showing charts and etc wont work. Persons skepticism is in fear. Once there is not fear of loosing, he will believe and do everything.

R


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April 18, 2023, 08:31:59 AM
 #183

I think there is no need to bring people who don't want to invest in Bitcoin or they are not interested. If you try to inspire them on your own responsibility, many times they may react negatively to you. Also, since Bitcoin is a highly volatile currency, a large dumping of the price can have a big impact on you. Just remember as you won't get any profits there you should not do anything that affects you later. But yes, as a conscious person you have a responsibility to give people some good message. You can explain it to them from that point of view. But if they take your point positively then you can enlighten them.

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April 18, 2023, 09:43:16 AM
 #184

I think there is no need to bring people who don't want to invest in Bitcoin or they are not interested.

Certainly, there is no obligation to persuade them, but when we have like-minded friends, I believe it is not a problem to learn together and share about Bitcoin.

Perhaps the goal of OP in wanting to convince their friend and learn about Bitcoin is to make the topic of Bitcoin appear more frequently in their conversations. And isn't that a good thing? To make the topic of Bitcoin more engaging and interesting when gathering.

My suggestion is to bring up Bitcoin when you are deep in conversation and discussing life issues. That's when skeptics begin to open up and seek some interesting facts about Bitcoin that you can introduce to them.




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April 18, 2023, 09:51:48 AM
 #185

I think there is no need to bring people who don't want to invest in Bitcoin or they are not interested. If you try to inspire them on your own responsibility, many times they may react negatively to you. Also, since Bitcoin is a highly volatile currency, a large dumping of the price can have a big impact on you. Just remember as you won't get any profits there you should not do anything that affects you later. But yes, as a conscious person you have a responsibility to give people some good message. You can explain it to them from that point of view. But if they take your point positively then you can enlighten them.


True. I can talk about Bitcoin with my friends if they ask me, but I'll never tell them to invest in it, and I told them that already. One of them asked me when should he buy it, now or later and I said that I can't take responsibility for his money and he should make research and think about it.
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April 18, 2023, 10:17:27 AM
 #186

I see that the proper way to convince a skeptical person is to take his risk on your account (cover his losses). Let him invest his money, set a date when you plan to check Bitcoin price and sell it. If the price is lower, you repay a price difference. If the price is higher, that person takes everything. Repeat that until he starts to believe. Talking, giving examples, showing charts and etc wont work. Persons skepticism is in fear. Once there is not fear of loosing, he will believe and do everything.

Investing in bitcoin is for his benefit, if he doubts, let him regret more in the future. I won't do it because it doesn't benefit me, even makes me lose if his investment loses. I think we don't have to, it's not our responsibility. If people doubt bitcoin, let them regret it in the future. I'm in favor of recommending bitcoin to others, that's a good thing. But being willing to make up for someone's losses is a bad idea.
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April 18, 2023, 10:41:10 AM
 #187

True. I can talk about Bitcoin with my friends if they ask me, but I'll never tell them to invest in it, and I told them that already. One of them asked me when should he buy it, now or later and I said that I can't take responsibility for his money and he should make research and think about it.

And this is the best way. In order not to lose savings by investing in something, they need to understand this something at least minimally. And if they rely only on someone's advice, then this is only shifting responsibility to someone, so that later this person can be blamed for everything. Let people learn about the possibilities and benefits of bitcoin, and then make their own choice.
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April 18, 2023, 12:32:03 PM
 #188

True. I can talk about Bitcoin with my friends if they ask me, but I'll never tell them to invest in it, and I told them that already. One of them asked me when should he buy it, now or later and I said that I can't take responsibility for his money and he should make research and think about it.

And this is the best way. In order not to lose savings by investing in something, they need to understand this something at least minimally. And if they rely only on someone's advice, then this is only shifting responsibility to someone, so that later this person can be blamed for everything. Let people learn about the possibilities and benefits of bitcoin, and then make their own choice.

This is the best approach when we refer someone to bitcoin. What we need to do is just give them the necessary knowledge about bitcoin and let them decide everything. Don't give them advice or try to convince them, it's a bad idea. They will blame us if they fail, and if they make a profit, they will never remember us.
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April 18, 2023, 01:43:20 PM
 #189

I believe that providing them with education is the best thing you can do to help them avoid falling victim to these con artists that use cryptocurrencies as the foundation for their Ponzi schemes. Regarding persuading, you are correct that it is not a good idea to do so because the market's volatility could cause the person to lose his temper and place the entire blame on you. The best thing you can do is to tell him everything and to make sure he understands how unpredictable the cryptocurrency market is. You also need to clear your name of any guilt by distancing yourself from any decisions he might make after you've given him the knowledge he needs.

Yeah, I think simply pointing out the basics of Bitcoin and pointers to where to get more information, like the whitepaper, etc, is enough.

I don't think anything else is needed. When people keep pushing something it feels like a scam, altcoin.
Right, no need to convince either. A person who starts to see the worth and usefulness of bitcoin will eventually decide to invest without hesitation, no need for someone to teach him on how to decide. However, for those who are always skeptical to bitcoin, just leave them the way they are. Once you’re done telling them the basics of bitcoin and how it can be useful for us, then observe their reactions. If they start to invest, then good for them, if they won’t, then never convince them at all. Bitcoin investment should be done voluntarily, and not that they will think that they are obliged to invest in it.
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April 18, 2023, 02:30:25 PM
 #190

An older couple I know in Tokyo made their first bitcoin investment yesterday after we told them about it.

They are really well off and have successful careers and want to have another asset to leave to their children and grand children once they are gone.

Just 2 weeks ago we explained to them what it's all about and how you can buy and sell it and everything and already some days later they already registered at an exchange. They also were sceptical but still very interested and it seems they saw the value in giving it a shot.



I guess they knew about bitcoin before but still had some doubts, and after you explained better, they understood it all and decided to invest. They are well-off people and have successful careers, proving they are explorers or willing to seize every opportunity they see. You are so lucky to meet such people.

But not everyone will be like that couple. Most people I meet are fearful, do not want to accept new things, and always doubt everything around them, even when relatives introduce it. So I won't waste my time with such people.

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April 18, 2023, 08:49:27 PM
 #191

An older couple I know in Tokyo made their first bitcoin investment yesterday after we told them about it.

They are really well off and have successful careers and want to have another asset to leave to their children and grand children once they are gone.

Just 2 weeks ago we explained to them what it's all about and how you can buy and sell it and everything and already some days later they already registered at an exchange. They also were sceptical but still very interested and it seems they saw the value in giving it a shot.



I guess they knew about bitcoin before but still had some doubts, and after you explained better, they understood it all and decided to invest. They are well-off people and have successful careers, proving they are explorers or willing to seize every opportunity they see. You are so lucky to meet such people.

But not everyone will be like that couple. Most people I meet are fearful, do not want to accept new things, and always doubt everything around them, even when relatives introduce it. So I won't waste my time with such people.
This is why i dont like on approaching someone and tell them about bitcoin or crypto on which it is really that something that would really be having some doubts and no matter how you do explain it carefully but still
they would be ending up on being that skeptical and raises up some questions which would really be piss you out no matter how well you do explain.Just like some of my relatives after i have told them about this
market and the opportunity that it gives.On the time that they had seen some red on their ports then they do really just simply make out some blaming time on me which
i didnt really like after all.They are really just trying out to make things messy without trying out to understand.

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April 19, 2023, 07:54:34 AM
 #192

I see that the proper way to convince a skeptical person is to take his risk on your account (cover his losses). Let him invest his money, set a date when you plan to check Bitcoin price and sell it. If the price is lower, you repay a price difference. If the price is higher, that person takes everything. Repeat that until he starts to believe. Talking, giving examples, showing charts and etc wont work. Persons skepticism is in fear. Once there is not fear of loosing, he will believe and do everything.

Investing in bitcoin is for his benefit, if he doubts, let him regret more in the future. I won't do it because it doesn't benefit me, even makes me lose if his investment loses. I think we don't have to, it's not our responsibility. If people doubt bitcoin, let them regret it in the future. I'm in favor of recommending bitcoin to others, that's a good thing. But being willing to make up for someone's losses is a bad idea.

But how else then one person can persuade other person to invest if that person have doubts? Saying that he will regret not investing also does not look good. It is as if forcing someone to invest. But covering possible losses might show how I trust in price growth. That proves that I am so much sure in Bitcoin, that I risk my own money for other persons chance to earn. And that person who we helped to earn through investing might be so thankful, that he might even share a little part of his profit.

R


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Who is John Galt?
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April 19, 2023, 03:43:09 PM
 #193

This is the best approach when we refer someone to bitcoin. What we need to do is just give them the necessary knowledge about bitcoin and let them decide everything. Don't give them advice or try to convince them, it's a bad idea. They will blame us if they fail, and if they make a profit, they will never remember us.

Yes, and at the same time, their success, even if they don’t thank us for it, benefits us all, and their failure is not only possible unpleasant talk, but also a slowdown in the spread of bitcoin in the world. We are interested not just in people investing in bitcoin, but in ensuring that as many people as possible get to know bitcoin successfully and leave only positive memories.
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April 19, 2023, 04:09:16 PM
 #194

I see that the proper way to convince a skeptical person is to take his risk on your account (cover his losses). Let him invest his money, set a date when you plan to check Bitcoin price and sell it. If the price is lower, you repay a price difference. If the price is higher, that person takes everything. Repeat that until he starts to believe. Talking, giving examples, showing charts and etc wont work. Persons skepticism is in fear. Once there is not fear of loosing, he will believe and do everything.

Investing in bitcoin is for his benefit, if he doubts, let him regret more in the future. I won't do it because it doesn't benefit me, even makes me lose if his investment loses. I think we don't have to, it's not our responsibility. If people doubt bitcoin, let them regret it in the future. I'm in favor of recommending bitcoin to others, that's a good thing. But being willing to make up for someone's losses is a bad idea.

But how else then one person can persuade other person to invest if that person have doubts? Saying that he will regret not investing also does not look good. It is as if forcing someone to invest. But covering possible losses might show how I trust in price growth. That proves that I am so much sure in Bitcoin, that I risk my own money for other persons chance to earn. And that person who we helped to earn through investing might be so thankful, that he might even share a little part of his profit.

It's better not to give any advice or try to convince someone to invest in bitcoin, and I wouldn't be willing to cover their losses if their investment is lost. I also don't think it's a good idea, because investing in bitcoin means they are making money for themselves, they are responsible for their own decisions and assets.

If they want to make money, they need to step out of their comfort zone. Success requires trade-offs, that's the rule of life, and you can't protect them all your life. And if they're not ready, don't force them.

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April 19, 2023, 04:43:09 PM
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 #195

Skepticism comes when there is doubt, more knowledge and understanding of something overcome doubt and so you can advice them to read its Whitepaper and other books like Mastering bitcoin and the Bitcoin Investor

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April 19, 2023, 04:51:36 PM
 #196

who is sceptical about Bitcoin, is first of all that with Bitcoin you no longer need to delegate the custody of your money to a third party (banks, mutual funds, etc.): you are the master and you hold them. What else would you add?
If we directly say to them that, you no longer need banks instead you need wallets (hot or cold) they will become more skeptical about BTC. Because the bank has not only made a place in the hearts of these people but also in the hearts of their forefathers before them. I don't think we can take the bank out of their hearts and turn them to use blockchain or crypto wallets, so easily. If we show these people how these banks play with all the money and how they use it to their advantage, surely these people will come to the crypto and blockchain technology.

But my question is, why do we need to focus/force these people toward Bitcoin/blockchain if they don't give a shit about it then it's their choice what we can do. Ah, if they have like, doubt and they are eager to learn about it, and how it's different from a centralized system then we should help them in early education. Because education/knowledge is the main key to overcoming skepticism. i think you should start with the following topics first.

  • Tell them about Centralization and Decentralization system and their pros and cons
  • Define the origin of Bitcoin and the Decentralized blockchain system
  • Tell them the complete history of how Bitcoin streamlined its path for adoption and how many people are trading it.
  • Early knowledge of every technology always take people to new heights.

If they are still so much skeptical about Bitcoin then we should leave them on their condition and should not force them or convince them to buy BTC as a matter of fact, we should not convince anybody to invest or start trading in BTC because at the end it does not go well. But if you can take the heat from them then go on.  Wink

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April 19, 2023, 05:05:19 PM
 #197

It's better not to give any advice or try to convince someone to invest in bitcoin, and I wouldn't be willing to cover their losses if their investment is lost. I also don't think it's a good idea, because investing in bitcoin means they are making money for themselves, they are responsible for their own decisions and assets.

If they want to make money, they need to step out of their comfort zone. Success requires trade-offs, that's the rule of life, and you can't protect them all your life. And if they're not ready, don't force them.

You are correct, more especially some people would say, "Invest now and you will not regret it," in some cases not as if they meant bad for the person's investment but just that they see they have made profit in their Bitcoin investment and they also want to see their friends benefit from it too, but they don't do it right sometimes; they don't map out the risk and also don't know how to present their speech to the person they tend to convince to invest.

If I were to talk to someone about investing in Bitcoin, I would not guarantee that person of paying back their losses; I would only tell them how the system works and also tell them that they may not get a profit at the time they think it will come and that they might encounter losses and hope that wouldn't trigger them to sell off.

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bakasabo
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April 20, 2023, 10:11:36 AM
 #198

I see that the proper way to convince a skeptical person is to take his risk on your account (cover his losses). Let him invest his money, set a date when you plan to check Bitcoin price and sell it. If the price is lower, you repay a price difference. If the price is higher, that person takes everything. Repeat that until he starts to believe. Talking, giving examples, showing charts and etc wont work. Persons skepticism is in fear. Once there is not fear of loosing, he will believe and do everything.

Investing in bitcoin is for his benefit, if he doubts, let him regret more in the future. I won't do it because it doesn't benefit me, even makes me lose if his investment loses. I think we don't have to, it's not our responsibility. If people doubt bitcoin, let them regret it in the future. I'm in favor of recommending bitcoin to others, that's a good thing. But being willing to make up for someone's losses is a bad idea.

But how else then one person can persuade other person to invest if that person have doubts? Saying that he will regret not investing also does not look good. It is as if forcing someone to invest. But covering possible losses might show how I trust in price growth. That proves that I am so much sure in Bitcoin, that I risk my own money for other persons chance to earn. And that person who we helped to earn through investing might be so thankful, that he might even share a little part of his profit.

It's better not to give any advice or try to convince someone to invest in bitcoin, and I wouldn't be willing to cover their losses if their investment is lost. I also don't think it's a good idea, because investing in bitcoin means they are making money for themselves, they are responsible for their own decisions and assets.

If they want to make money, they need to step out of their comfort zone. Success requires trade-offs, that's the rule of life, and you can't protect them all your life. And if they're not ready, don't force them.

Ok, so you also wants to criticize me advice, but then give a real advice, instead of saying common and obvious things like "without trying, you never know what it be", "leave comfort zone" and so on and so forth. How to convince a skeptical person then? "Not ready - dont force" sounds like you are quick to give up on convincing.

Also, I have never said that with that "loss protection" I am going to protect them for whole life. Take a situation when a kids learns to ride a bicycle. Parent helps them to ride for first time, first meters. Or small two wheel on side of back wheel. I am (my advice to recover first loss) that little wheel/parent that helps them to make first step.

R


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Inwestour
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April 20, 2023, 11:18:22 AM
 #199

Ok, so you also wants to criticize me advice, but then give a real advice, instead of saying common and obvious things like "without trying, you never know what it be", "leave comfort zone" and so on and so forth. How to convince a skeptical person then? "Not ready - dont force" sounds like you are quick to give up on convincing.
 
Any initiative can be punishable, so I am of the opinion that with regard to skeptics, it is simply not worth discussing with them. They have their own point of view and they are simply not ready to accept bitcoin yet.

I am convinced that if a person is set up negatively, then there is simply no point in convincing him of something. Bitcoin will do everything by itself, some time will pass and its acceptance will become obvious to everyone. Yes, at that time it may be too late for a skeptic to invest in bitcoin, since it will become much more expensive, but it will be his choice and his decision.
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April 20, 2023, 12:24:04 PM
 #200

Ok, so you also wants to criticize me advice, but then give a real advice, instead of saying common and obvious things like "without trying, you never know what it be", "leave comfort zone" and so on and so forth. How to convince a skeptical person then? "Not ready - dont force" sounds like you are quick to give up on convincing.
 
Any initiative can be punishable, so I am of the opinion that with regard to skeptics, it is simply not worth discussing with them. They have their own point of view and they are simply not ready to accept bitcoin yet.

I am convinced that if a person is set up negatively, then there is simply no point in convincing him of something. Bitcoin will do everything by itself, some time will pass and its acceptance will become obvious to everyone. Yes, at that time it may be too late for a skeptic to invest in bitcoin, since it will become much more expensive, but it will be his choice and his decision.
It is just the interest of a person that brings them in. Might some people have tried because someone suggested it but of course, we can't be sure that it will invest in Bitcoin for the long term? Because it was too hard to be in a place that you are not comfortable with and most especially if you are an impatient person as I know it was difficult for them to understand the nature of the market.
That is why is a wrong move to force someone to invest in Bitcoin. We already told them and we're done with our part as it was their decision to be a part of crypto.

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