BITCOIN: Give people time!

[Lida93]

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?

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[Hatchy]

source

You're absolutely right mate. Many people have talked about the same thing that adopting Bitcoin is a personal choice. Before I started using Bitcoin, I used to be afraid of anything related to digital currencies online or even trading online, because I worried about losing my money to scammers. Most people go through a similar experience before giving it a try and discovering a new way of handling money. It's important that others learn from this too, because pushing someone into investing in Bitcoin isn't the right way. it's a decision each person should make on their own, just like how they take all the risks alone without blaming the person who told them about it.

There's something else I'd like everyone to know. When we're telling someone completely new about Bitcoin, let's not leave out the downsides. Bitcoin investment might sound appealing when we talk about making a profit, but we should also mention the possibility of losing their investment if they're not carefully secured or if the market trend downward, the value of your funds might not be as worth as your original investment.

[Findingnemo]

I will not insist anyone make an investment either Bitcoin or others unless you are getting paid for what you are doing.

Giving insights about your investment and blockchain is good but it is not really our job to make sure that everyone we taught is catching up it, if they are smart enough they will figure that out on their own.

It's my way though, everyone has a different approach.

[Zlantann]

What do you think about this?

This is the right approach to introducing Bitcoin to anyone. You start with the basics of the currency, the investment opportunity it offers, and the risk associated with investing in it. Then the most important part of the discussion should be to encourage the person to do in-depth research about investing in Bitcoin. There have been several topics discussed in this forum where members persuade some people to invest in Bitcoin. Some even go to the extent of showcasing Bitcoin as a get-rich scheme. These approaches are wrong because you will be blamed if anything contrary happens to their investment. But when you encourage people to do their research, they become knowledgeable about the sector and invest based on the information they gathered and not by greed. Also, you will not be held responsible for their action because they decided by themselves.

[Promocodeudo]

I will say that, the journey of Bitcoin is a personal race, so when you are teaching anyone about bitcoin tell them all they need to hear and allow them to make decisions themselves, yes bitcoin may be accompanied with mellifluous words, but it requires patience, in all no financial advice so that no one will  be found wanting if any silly event take place in the future, as I always say, bitcoin has avail itself for people to see what is in it, so the choice is personal.

[mk4]

And ultimately — don't push people into investing in ANY asset. Regardless if they need to take time to research or maybe they're simply not just interested, just let them be. People will buy bitcoin at a price they deserve.

[SamReomo]

I think you have done everything in the right way by introducing Bitcoin to your uncle. It was that moment when he had it in his mind and after doing some research on it he decided to invest money into it by calling you to do so. It always works this way to introduce Bitcoin to someone who isn't aware of its existence and when they learn about it themselves by doing some research over internet then if they like the idea of it they would appreciate it and invest money into it otherwise they'll ignore it instantly.

It's always advisable to let someone decide whether they want to invest in Bitcoin or not because if you invest in it on someone's behalf then that would not be a good thing at all. We all know that there are some risks involved in Bitcoin investments and someone who really doesn't have enough knowledge about Bitcoin can end up losing his/her investment by loosing the private keys of the wallet the have used to store their Bitcoin. Our responsibility is to promote awareness about Bitcoin, and it's always helpful to guide such investors about the problems that can rise when they don't get proper knowledge about Bitcoin before investing in it.

[Blitzboy]

That is quite the change from your uncle, dont you think? It surprises me that it took him this long to realize the potential, especially after you both contributed to his education. Maybe he could have profited from any market rallies in the interim if he had taken more initiative months earlier.

I consider saying "Give people time" to be rather accommodating. Perhaps they arent the right kind of person for Bitcoin investing if they can't recognize the chance when it presents itself. And to the second point, it is clear that enlightening someone does not ensure their acceptance. However, I dont see the point in expending so much effort on someone who isnt interested in understanding. And you must ask them to conduct research. Isnt that a given, though? Maybe they would be better off skipping the Bitcoin train if they are unwilling to make even that small effort.

Though, Slackers have no place in the Bitcoin industry.

[gunhell16]

That's how it should be, that it's not our obligation to teach people what Bitcoin is. Because Bitcoin is like gold to me, if we share it and ignore its beauty, it's like giving away gold to other people. it's really nice to share Bitcoin with people who have done research on it, put in the time and found it really good.

Now, if a question is asked, give the answer about Bitcoin in a proper way that can be understood by the person who takes the initiative to know it and has an interest, such people are good to teach and explain.

[Marvell1]

What do you think about this?

That's right, we just share bitcoins with them and give them some time to think about it, don't make them invest right away. It will make them feel like we are trying to scam them and they won't feel comfortable if forced. That just makes them hate bitcoin more than care about it.

For us bitcoin is no longer a new asset but for many it is still a very new asset so it takes time for them to adapt and accept it. Furthermore, as you also said, the fact that we spend a lot of time educating someone about bitcoin does not guarantee that they will be interested in bitcoin. So don't waste your time and give them time to realize it all.

[Outhue]

Your uncle aids your advice because he is made that way, a man of curiosity, he has no ignorance in his blood.

There are a few people since 2019 that I told about Bitcoin, 2021 they are aware of the opportunities that come with Bitcoin, and they heard stories of a few youths who made money through Bitcoin investment, At that time I was expecting them to come back, but they didn't.

Even after seeing the result of Bitcoin investment, they are still ignoring the technology, these are people who aren't lacking, they are those that we can say have something they are doing that's fetching them money.

The vibe they are giving me is like, if you like, become a millionaire with Bitcoin, scam is a scam and it won't last long, instead of them to do some research first, they are clueless about Bitcoin and yet they decide not to find answers.

Undoubtedly,  some people will still not develop an interest in Bitcoin.

[Lida93]

Your uncle aids your advice because he is made that way, a man of curiosity, he has no ignorance in his blood.

There are a few people since 2019 that I told about Bitcoin, 2021 they are aware of the opportunities that come with Bitcoin, and they heard stories of a few youths who made money through Bitcoin investment, At that time I was expecting them to come back, but they didn't.

Even after seeing the result of Bitcoin investment, they are still ignoring the technology, these are people who aren't lacking, they are those that we can say have something they are doing that's fetching them money.

The vibe they are giving me is like, if you like, become a millionaire with Bitcoin, scam is a scam and it won't last long, instead of them to do some research first, they are clueless about Bitcoin and yet they decide not to find answers.

Undoubtedly,  some people will still not develop an interest in Bitcoin.

Don't bother much about them, you have done your part in bringing it to their knowledge. It's only a matter of time when bitcoin overtake a more larger pert of the globe then they would realize how much of a time they have wasted.

Some people are just so lazy to do things by themselves things like research. Even if you ain't interested of a thing you just need to do some digging to have a clue while you stand your ground of not accepting it. Being both ignorant and not accepting a thing for the wrong reasons is just two stupid thing in one man's head.

[Stepstowealth]

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

Or they may never show interest afterwards, but that should not be a problem to you or concern you. You cannot tell people what to do with their money, your consolation should be that you have played your part to let them know of the opportunities in investing in bitcoins. One good thing about giving people time to make the decision to invest on their own is that they will not blame you for anything that happens to their investment because they made the decision to invest on their own and not out of you pressuring them to do so. 

[flyingcarpet]

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 can't force someone else to do what you want. What you like may not be liked by someone else. What you see as right may not be seen that way by someone else.

Time passes and opinions change. Someone who disagrees with you today may agree with you tomorrow. It will be more effective if you haven't forced the other person to accept your point of view and after time has passed, that person says something positive about what you said. Things that happen in themselves have a much greater effect.

[nakamura12]

As what I have shared many times. Those people who you have introduced the Bitcoin won't be interested right away but one thing you should have said to them is that you shouldn't be interested right away and must do some research first before investing or something like that. Just think of it as a way of giving them warning that will make them be very careful with everything that are introduced to them. Well, your uncle did good since he made some research first before he decided to invest. When introducing Bitcoin to them then this is what I always said to them, i wouldn't force any of you to get involved in Bitcoin but If ever you will be interested then All I can say is, DO YOUR OWN RESEARCH FIRST.

[Majestic-milf]

What do you think about this?

It's a good thing that your uncle decided to come around to your way of thinking by himself and not after much pressing from you because these kinds of peeps would take your word for it without doing their own research and when/ if it doesn't work, they not only blame you but develop a phobia for anything Bitcoin and digital currencies.
It's really important to respect other people's views and opinions on digital currencies and while the aim is to drive for mass adoption, understanding that people can differ in opinion as regards Bitcoin will help lessen the feeling of failure if he/she doesn't buy it.
 I see Bitcoin to have enough potential and like the Op has said, it will only take a matter of time for people to recognize it.

[ranochigo]

If you treat Bitcoin as an investment vehicle, it won't grow as a currency. People would buy to store them rather than to see the utility behind it. If you make people adopt and actively use Bitcoin, that is how Bitcoin could get  popular and achieve mainstream adoption. People are always purchasing Bitcoin when there's a hype and the potential to be rich. Truth to be told, most of them don't care about the future of Bitcoin and wants to get rich quick.

The more people that adopt this mindset, the more stagnant Bitcoin becomes. I don't think Bitcoin has much left to prove, and if they don't see it as a viable currency, then there is no reason to force them. The time is only ripe for some when they see the potential to become rich.

[bittraffic]

What made him change his mind is probably he is losing money also, it's usually the case. When the man is already in need thats the time they think of alternative and remember an investment proposal to them. The majority just want to invest in the short term.

I remember I was in my in-law's house when we talk about investment and told my father-in-law about investing in BTC. The old man was interested not only in investing but also trading. Then I replied trading skills take time to be honed so you might have to do it manually in the platform. And when I already reach the discussion about risks, the brother-in-law interrupts saying if there is no assurance to making a profit then let's not get into it.  

The last thing I heard was that my brother-in-law was scammed by the BTC wallet app.

[btc_angela]

To be fair though, any assets or investments, it will give people more time to think about it, just a question whether they are late or not. Just the like the dot com bubble (not sure if majority here have been in the investment or even born yet that time).

And so if you are late that time and you keep on swaying away the idea of investing that time, then you might not have make it successful in that era. But the good thing with bitcoin is that it's a continuous process, I mean every 4 years there is a cycle of investments and then selling off. So right now is still the perfect time to invest as we are in the bear market so there is no time lost.

[Dunamisx]

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

We don't have to create a rush on anyone we are introducing bitcoin to, they may also be thinking from their own mind we are having some secret agenda over it especially when we are too desperate in seing them adopting, there's time and process for everything we do.

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.

If you're introducing bitcoin to someone, don't over stay your welcome, the more you keep talking the more they become hardened to what you're telling them if they are not interested in it, let them see and behold the evidence of adoption in you through the change they see with you after adopting bitcoin.

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

Most if the people that always argue blindly about bitcoin do not have an idea of what bitcoin is, at least what one should do is to make sure they research on anything they heard about which seems nee to them, they could get thousands of articles concerning it, same also for everyone already into bitcoin, we don't have to relent, it's a challenge to work harder and learn more each day with bitcoin.