BITCOIN: Give people time!

[Z-tight]

on getting there he shared to me about his interest to invest in bitcoin with the sum of #4.8million of our local currency, an amount that is worth around $6k based on current exchange rate.

I don't know what the financial status of this person is, but hope they are not investing more than they can afford to lose in a currency that they do not know anything about. I know you have not 'forced' this person into doing this, but if anything goes wrong, take note that some of the blame will be on you because you talked about BTC as an investment.

To avoid something like this, don't tell people about investing in BTC, instead talk to them about BTC being a censorship resistant, permissionless and decentralized currency, one they can use and never be censored or their funds frozen, if you introduce people in this way, they will want to learn more, and they will find out about BTC's limited supply and possibility of revenue, so if they decide to also use it for that purpose, the decision will be all theirs. Why it is better to take this approach is that if the person decides to invest, they must have learnt about wallets, addresses, open and closed source, centralized and decentralized exchanges, etc, so it becomes harder for them to lose their funds.

[Eternad]

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!

For me, Teach only those who want to learn and don't encourage everyone that doesn't ask for it since Bitcoin is risky and you exposing them to risk the moment you introduce them on Bitcoin since newbie tends to experiment and involved on risky investments just to earn quickly.

It's surely a waste of energy to teach someone which you didn't know if he is interested or not. Just teach those who seek for guidance and leave those who doesn't give a fuck about Bitcoin.

[Litzki1990]

The steps your uncle has taken are not bad. To understand the Bitcoin market, he wants to give a trial by investing in Bitcoin first. If your uncle feels that it is safe to invest in Bitcoin with trial then he will definitely invest in Bitcoin. Now the question is how much knowledge does your uncle have about Bitcoin or how much money does your uncle want to invest in Bitcoin first and give it a trial. If your uncle invests only to understand the market, then there is no need to invest a lot of money first. It would be better if your uncle invests first with a certain amount and tries to understand the market because it is not right to invest a lot of money first to understand the market. Since your uncle has expressed his interest to invest, I think with a trial, your uncle will definitely invest in Bitcoin for a long time and your uncle will find Bitcoin a reliable investment platform.

[icalical]

1. Give people time; they will show interest when the time is right for them.

It is true that people will need sometimes to finally willing to invest their time and money on Bitcoin, but then again I think Bitcoin is not for everyone so even if some people or my family never willing to invest on Bitcoin, I wouldn't worry about that.

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering.

Similar to the first point, not everyone care about investment in general, moreover a new kind of investment like Bitcoin. Some people may also don't have spare money to be spent on investment.

3. We should always tell people to go do their own research about bitcoin after giving them some preaching about it.

I totally agree with this one, I knew some people who would tell me to invest in many thing, crypto, stock, .etc. They keep forcing me to put my money on those investment, and ask me to trust them, and I think those kind of people is really annoying. I don't want to be those people.

[Dr.Bitcoin_Strange]

1. Give people time; they will show interest when the time is right for them. Their timing may not be same with yours, if you've done your own job of talking to them about it, then that's fine.

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!

3. We should always tell people to go do their own research about bitcoin after giving them some preaching about it. Doing their own research from with what they  get online can strengthen their conviction about what they've have been told.


What do you think about this?

Yeah, you are right, OP, and I agree with you. Everybody is not the same; some people can be easily convinced, while some people, being so sceptical, don't just allow themselves to be easily moved by anything relating to what will require them to invest their money. Those kinds of people would really want to take their time and,on their own, learn very well about what they have been introduced to. They allow themselves to be convinced by themselves that what they are about to invest in is very worthwhile, and they will not even invest no matter the level of education you give them trying to convince them. In such a situation, the best thing is to just give the person time, just like in the case of your Uncle. Although some people, even after being convinced, will not show any interest in what you are telling them, they will do their own research and invest by themselves without your notice.

[Oasisman]

1. Give people time; they will show interest when the time is right for them. Their timing may not be same with yours, if you've done your own job of talking to them about it, then that's fine.

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!

3. We should always tell people to go do their own research about bitcoin after giving them some preaching about it. Doing their own research from with what they  get online can strengthen their conviction about what they've have been told.

What do you think about this?

I'd give it a 3 Yeses!
And I always thought giving these people a time to decide is necessary, otherwise they'll gonna end up either lose some money or totally disappointed with an unexpected result. I also thought that when you're trying to tell someone about bitcoin and they immediately got interested because of the possibility of  profiting good amount of money by just holding it, I always thought it's also a risky move for them without doing any further research.
What I would do in that kind of situation is to teach them how to setup and secure their wallet and how to purchase their first bitcoin safely, and from there moving forward I'd let them do their part in doing their own research and let them study the past movements using technical and fundamental analysis.

[Texac]

on getting there he shared to me about his interest to invest in bitcoin with the sum of #4.8million of our local currency, an amount that is worth around $6k based on current exchange rate.

I don't know what the financial status of this person is, but hope they are not investing more than they can afford to lose in a currency that they do not know anything about. I know you have not 'forced' this person into doing this, but if anything goes wrong, take note that some of the blame will be on you because you talked about BTC as an investment.

To avoid something like this, don't tell people about investing in BTC, instead talk to them about BTC being a censorship resistant, permissionless and decentralized currency, one they can use and never be censored or their funds frozen, if you introduce people in this way, they will want to learn more, and they will find out about BTC's limited supply and possibility of revenue, so if they decide to also use it for that purpose, the decision will be all theirs. Why it is better to take this approach is that if the person decides to invest, they must have learnt about wallets, addresses, open and closed source, centralized and decentralized exchanges, etc, so it becomes harder for them to lose their funds.

But would they care about bitcoin if you didn't talk about its profitability?  like many of us, the majority search for bitcoin primarily for profit, only a few are interested in bitcoin being a decentralized or never censored currency.  I don't see anything wrong with recommending bitcoin as an investment to people because that's what people are looking for. as long as we are responsible for explaining the risks they may face and letting them decide things, we should not push or force them. it's never our fault no matter what happens because it is their choice and decision.

[Stable090]

Guess what he said, "well I did thought about it recently, and did a few research and decided I should give it a trial like you advised I should".

Some people have different mindsets on what bitcoin is really all about, so they believe bitcoin is a scam, if you invest in it, you might end up being scammed, so they automatically dislike bitcoin. But if they see someone that can really explain what bitcoin is all about to them, they might not believe immediately, but some of them might end up going on a dip research to know what bitcoin is really all about, and when they discover the truth, they will want to invest in bitcoin. That’s why, after introducing someone to bitcoin, give the person time, don’t rush them because if you do that, they might end up thinking you want to scam them.

1. Give people time; they will show interest when the time is right for them. Their timing may not be same with yours, if you've done your own job of talking to them about it, then that's fine.

You don’t have to rush anyone you are introducing to bitcoin, you can’t just expect them to invest in something they really have no idea about, it’s better you give them time. If you rush them to invest, they might have a different mindset, some might even think you are a scammer. That’s why you don’t have to rush anyone to invest in bitcoin, just do your part by telling them what bitcoin is really all about and leave them to make their own decision.

[isaac_clarke22]

1. Give people time; they will show interest when the time is right for them. Their timing may not be same with yours, if you've done your own job of talking to them about it, then that's fine.

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!

3. We should always tell people to go do their own research about bitcoin after giving them some preaching about it. Doing their own research from with what they  get online can strengthen their conviction about what they've have been told.

Well let em cook like they said. I don't care if my whole bloodline would resent Bitcoin even if I explained them pretty much every "non-earning" benefit that they can get from Bitcoin. I don't really like telling people that they can earn from a single stuff since it might end up my responsibility regarding their losses and I am even bad at selling stuff to people since I am just that technical guy that you know next door, lol.

Going back to the topic, even if you "give people time", they might just end up still hating it since....they just really hate the idea and aren't comfortable about decentralization. Nobody's at fault in this. Not everyone would really love Bitcoin let's accept that.

But would they care about bitcoin if you didn't talk about its profitability?  like many of us, the majority search for bitcoin primarily for profit, only a few are interested in bitcoin being a decentralized or never censored currency.  I don't see anything wrong with recommending bitcoin as an investment to people because that's what people are looking for. as long as we are responsible for explaining the risks they may face and letting them decide things, we should not push or force them. it's never our fault no matter what happens because it is their choice and decision.

Some people would look at Bitcoin differently. It's the same way as banks giving your funds a tiny percentage of interest whenever you hold your money within them although this might be too stretched of an example, you'll still get the idea that not all people are here just for the investment.

[lousie9]

1. Give people time; they will show interest when the time is right for them. Their timing may not be same with yours, if you've done your own job of talking to them about it, then that's fine.
2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!
3. We should always tell people to go do their own research about bitcoin after giving them some preaching about it. Doing their own research from with what they  get online can strengthen their conviction about what they've have been told.

I agree with some of the points you convey, maybe some people who still don't accept that their sermons to others about Bitcoin experience rejection, they should see your explanation.
That's right, everyone has their own thoughts and beliefs and it's true that everyone needs a different time of acceptance before they finally make a decision. So we shouldn't have to force someone or chase someone to immediately understand our explanation or even force them to know Bitcoin.
No matter how good our way of explaining or how much detail we try to explain to someone about Bitcoin does not guarantee that someone will immediately accept what we say about Bitcoin, because they have to go through several processes of accepting and rejecting the information they get in themselves first and they must consider it according to their conditions.
Because i think to understand and trust Bitcoin is not easy and not difficult either but it must be with confidence and a decision from themselves.

[Plaguedeath]

Bitcoin is freedom, no one force you to buy it.

Other asset that used to be an investment also like this, but the difference Bitcoin is decentralized while the other are centralized or less decentralized, can't be verified too.

There's no benefit you can get after you successfully convince someone to invest in Bitcoin, it's not automatically make Bitcoin price increase to $50K.

[Ale88]

So, four days ago this very uncle of mine called me saying that he's now interested in investing some money into bitcoin. And I was like what happened! I thought you rejected the idea when I introduced it to you months ago.

Guess what he said, "well I did thought about it recently, and did a few research and decided I should give it a trial like you advised I should".

Now this how the whole gist originally emanated. I had this long section talk with him about bitcoin more than 8months back of which he rejected the idea of investing with whatever amount he could use as a clinical trial of the digital currency for like 6months or 1year to see for himself the benefits of bitcoin but he refused and afterwards I never brought up the discussion again to him. But to my greatest surprise he called me on phone to come to his house, on getting there he shared to me about his interest to invest in bitcoin with the sum of #4.8million of our local currency, an amount that is worth around $6k based on current exchange rate.

Although it's not the story that intrigue me to share this info  to the community but it's mainly the lessons I learnt from it that did, which I'll believe a lot of bitcoiners needs to know even as they talk to people about bitcoin. Which are:-

1. Give people time; they will show interest when the time is right for them. Their timing may not be same with yours, if you've done your own job of talking to them about it, then that's fine.

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!

3. We should always tell people to go do their own research about bitcoin after giving them some preaching about it. Doing their own research from with what they  get online can strengthen their conviction about what they've have been told.


What do you think about this?

I agree with you when you say that some people need time, we are all different and everybody needs a different amount of time to take some decisions. I'm actually surprised that your uncle at the end decided to invest because 8 months is a lot of time, many people at that point wouldn't even remember conversations they had so many months ago. Anyway, again, kudos to him for doing his research instead of just shutting you down with caring at all.

[someone703]

Investing in Bitcoin or any other asset should be at the sole discretion of each person. Information and knowledge play an important role in the decision-making process, but the final decision should rest with the individual.

Providing information and education is very important to help people better understand Bitcoin and blockchain. However, it is important that each person has the ability to do their own research and make decisions based on the information already available.

[CageMabok]

Investing in Bitcoin or any other asset should be at the sole discretion of each person. Information and knowledge play an important role in the decision-making process, but the final decision should rest with the individual.

Precisely every decision is up to each of us after knowing everything we need about Bitcoin and also how to invest in assets that we are familiar with even though the main choice is Bitcoin. Investing is not only about knowledge and money, but also about the mentality and courage of everyone who wants to do well enough, because there are also investors who regret after investing in the wrong place or in assets that are not worthy of investing their money.

Providing information and education is very important to help people better understand Bitcoin and blockchain. However, it is important that each person has the ability to do their own research and make decisions based on the information already available.

That's true, because educating others about Bitcoin and how to invest can indeed be said to be quite wise, but the person receiving the education must also have a strong intention and desire for what he already knows through you. Because if he only hears about it without the courage to carry it out according to the knowledge he has acquired it will also be in vain.

[SOKO-DEKE]

Yes, actually, people need more time to think about whatever has been introduced to them; we don't need to rush them to accept whatever business or thing we invite them to. People need time to do their own research in order to choose what will be best for them.

Op I might claim that your uncle has done some study and determined that Bitcoin is a worthwhile investment, which may be the reason he wants to invest that decent amount of money in Bitcoin. Sincerely, it is a nice sum of money. I believe with time he will eventually generate some in his Bitcoin investment and will then be happy to pay you back. Even if your uncle made the decision to invest that amount of money, I will still urge you to warn him to only invest the amount of money that he can afford to lose in order to prevent future stories if anything unfavorable occurs. However, I don't wish for unfavorable events to occur.

[famososMuertos]

@OP

There is not and should not be a "religious" commitment to preach bitcoin, first of all it is not easy, you cannot sell something when you do not have experience in that area, committing someone to bitcoin is selling an idea, which is what they do professional salespeople do.

I don't know why there is a belief that collaborating with adoption is trying to create the famous recommendation chains, you don't have to do that, just sell, buy and hodl bitcoin, by doing that you will be collaborating with adoption.

At this point in the existence of bitcoin, as they say, it sells itself, nowadays you have to "fight" with the idea of the rights to be able to opt for an option like bitcoin as a means of payment and/or safe of value, investment, etc

Given the current order that we live in, Governments must legislate and allow bitcoin, creating adequate laws that correspond to the current reality of technologies that we live in and bitcoin is one that must be within our reach.

About the above is the matter that we must attack, not be fighting with your uncle to buy bitcoin, blah, blah... (imo)

[Kakmakr]

We should not "preach" to people as if Bitcoin is some kind of religion or some kind of cult. Bitcoin is simply an alternative "Currency" or "Commodity" ...based on the way you intend on using it. 

Your goal should be to tell people about it... and then leave them to see the whole picture.... if you do it aggressively, red flags will go up with people... because scammers market aggressively. Show them the technology and give them advice and guide them to try it.... then leave them to decide if they like it. 

[OgNasty]

I think pretty much everyone is aware of Bitcoin at this point. Most of the people who believe have bought in and hold some, but many more just think of it as some sort of get rich quick scheme. That’s why people usually only care when they see Bitcoin moving big and jump in with FOMO. I think that will always continue.

[BitcoinPanther]

What do you think about this?

As what I believe in that everything have its own place and time.  Just like what happen to the old guy you presented BTC.  But not all people will give time to learn. the guy is already interested but somehow hesitant because he has still questions unanswered.  And after sometimes of researching and learning about Bitcoin that person's questions are answered and I believe he is convinced on what he had learned reason why he contacted you to assist him of his investment.

I also agree that we must not spoon fed people, we must let them do the research themselves, we can just give them instructions or links on how to do it.  This way they are having a first hand experience in uncovering the area they are new.

[Sim_card]

You have really done a great work OP,and your uncle has also taken his time to think and convince himself about adopting bitcoin. One thing is that people don't just rush into investing if they don't have the idea of what bitcoin is and this is why when you talk about bitcoin to some people,they would not show any interest because it is hard for someone to accept bitcoin easily without doubt. Buying bitcoin needs preparation of one's mind to take the risk of buying since the newbie has little knowledge on bitcoin. I know that your uncle will be happy with you for introducing him to bit coin soon. I hope you taught him how to use a noncustodial wallet to keep his coins for safety.