presuring someone into Bitcoin investment

[Bhunter1997]

Bitcoin investment is very broad and has different ways and methods it operates on. So you wouldn’t definitely think you could just convince someone to dangling into it, especially if it’s someone who has never heard of it before.

I remember having similar experiences too. This is an experience I can  never forget. In the year 2018 when I was first told about bitcoin, I had a little amount of money with me and looking for a very profitable business to invest this money I had, $300 to be precise. I talked to my neighbor about it and he suddenly suggested I invest in bitcoin. I was like what’s bitcoin and he took time to explain it to me.

Honestly I feared whatever that would lead me to putting my money online because I had fallen victim to a couple of Ponzi scams, so telling me about bitcoin didn’t really sound like a cool investment to me lol. So I didn’t buy the idea. He didn’t really stress on it too much or try too hard to convince me. He only told me the possibilities bitcoin hard to offer and left me to make my decision.
 
Well in summary I wished I wasn’t so naive and saw the vision and took advantage of it then because I just recently started investing in bitcoin and I’m benefiting from it now and everyday I’m like, what if I started back then in 2018.

[Cantsay]

there was a lesson I lean from here. when you are preaching to someone about Bitcoin, you shouldn't talk too much, and you shouldn't stay long and you should also allow them make some research and ask questions about what we are preaching to them, to avoid loss at the end.

I don't know, how you see it.

I’m not sure if all that you just wrote are true or some made up story, but did you in anyway ask her what made her change her mind? And with the current price of bitcoin I’m not sure if she’ll still be in the profit side or loss side of the market but I do hope the current market does not discourage her.

For me, when it comes to someone else’s investment I try as much as possible to reduce my involvement I just tell them everything I know about it i.e the good and bad side of it and then advice them to do more research and also as others that have done it before to get their opinion on it and if they still want to go in with the investment then I’ll assist them. But the idea of pressuring them to invest in it sounds stupid to me because if anything goes sideways you’ll be the one to blame.

[Mr.suevie]

I can remember some years ago, I talked to my mother about Bitcoin and investing on it. that was two years ago. she should use any amount she could use as a trial, but she rejected the idea of investing on Bitcoin. she thought I'was going to defraud her.because she never hard about Bitcoin investment before. because of that, she was afraid and rejected the idea because of the pressure I was giving to her to invest on Bitcoin. before then, I have told her the benefits of investing on Bitcoin, but she rejected everything. afterwards I never bring up the discussion again to her.

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money, I ask her what happened!  I thought she rejected the idea when I introduce it to her some years ago, and it have been long we talked about it. she said to me, I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

there was a lesson I lean from here. when you are preaching to someone about Bitcoin, you shouldn't talk too much, and you shouldn't stay long and you should also allow them make some research and ask questions about what we are preaching to them, to avoid loss at the end.

I don't know, how you see it.

I think the part of your mom making research before actually changing is a common thing among people which we try explaining things to because it only when they are curious of what you are telling them that's when the thought of actually making research about it comes but if the person is absolutely ignorant then he or she will totally be ignorant of the idea.

[Ziskinberg]

But if your mother know that 2 years the price of Bitcoin higher than today, I don't think she was interested but rather heard from her - "it was good that I never listened to you".

Investing in Bitcoin is not for everyone but this is for those who are really willing to take risks. I'd never say that is for those who are willing to lose because we really have to do something in order to earn a profit. But if we take someone because we pressured them, don't get surprised that someday they will talk you back and ask why - there is blame in the end.

[zaim7413]

It's hard to convince others with just words without evidence. Naturally, your mother is suspicious and afraid of losing her money at the invitation to invest in Bitcoin because she doesn't know more about how Bitcoin is managed.

After hearing about Bitcoin from your mouth and the news he read on the internet or information found on social media made your mother moved to learn more about Bitcoin. Now that your mother has realized the potential that can be generated from Bitcoin investment, your next task is to direct her to understand more about Bitcoin.

You can invite anyone to invest in Bitcoin, your job is only limited to inviting, then just let that person determine their own direction because you can't force them to be what you want.

[darkangel11]

I wouldn't try to make anybody invest. It's their choice and their risk.

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money,

Some months? Feels like a fake story then, unless you mean 8 or more months ago, exactly at the bottom. People who bought a few months ago, meaning less than 8, aren't too happy about the return.

I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

Benefiting today? I wonder what that means. That she's selling after this recent crash and a few months before the halving? We're in a bear market and you're "benefiting" from the investment?
Congratulations I guess.

[icalical]

You shouldn't force anyone to invest their own money on anything. Just introduce them to the project and how the product works, whether they want to put their money or not it shouldn't be forced. Except you want to make up for their loss with your own money. Especially on crypto the market is new compared to other investment, and it's still very volatile, if the person you forced to invest cannot handle the volatility it will be very bad, even life threatening at worst.

[Dickiy]

But if your mother know that 2 years the price of Bitcoin higher than today, I don't think she was interested but rather heard from her - "it was good that I never listened to you".

Investing in Bitcoin is not for everyone but this is for those who are really willing to take risks. I'd never say that is for those who are willing to lose because we really have to do something in order to earn a profit. But if we take someone because we pressured them, don't get surprised that someday they will talk you back and ask why - there is blame in the end.

Honestly, I agree with what you said, sometimes there are some of them who come only to seek profit, they see other people successful by investing in Bitcoin but they only see their success and not the various risks that are there. Of course investing is a very risky activity, and if you invite someone with some coercion to do the same thing then it is true that when something happens to them (loss) then you are the only person they will blame, although not entirely blame but still they will question it. With a prior agreement it is very likely that they will have a reason to come to you. But maybe that might not happen if at first you explain in detail about the various things that can happen in investment, not only the profit opportunities but you also have to explain the biggest impact of the loss, given the highly volatile nature of Bitcoin.
So with that maybe you will have a reason for self-defense if something unwanted happens to him.

[armanda90]

Two years ago when you asked your mom to invest, price was at $47k. Not sure if you would have safely exited at $60k or not, if not, you will be today at a 50-55% unclaimed loss.
In my honest opinion, you should never force anyone to invest in any thing. be it crypto or be it any asset in the world. Also, do not invest more than what you can't afford to lose.
And you yourself should do some research and always try to find out negatives more instead of just false hope.

What happen with OP brother if agree for investing in Bitcoin last two years when price round $47k and looking current price right now? its not recommended when pushing some one have to invest in bitcoin actually when moment bitcoin on top price. Too risk asking some one or our family investing in bitcoin or altcoin during still on higher price, better give them education about Bitcoin and cryptocurrency.

How to get advantage and profitable trough bitcoin without pressure them must to investment in bitcoin lack knowledge for understanding with bitcoin. Actually never happening with some one want or agree for investing in some investment kinds without know detail what are investment kinds, need to give education first and after understanding without pressure they will realize how important investment money in Bitcoin for getting profit in the future.

[Zaguru12]

I think the part of your mom making research before actually changing is a common thing among people which we try explaining things to because it only when they are curious of what you are telling them that's when the thought of actually making research about it comes but if the person is absolutely ignorant then he or she will totally be ignorant of the idea.

Exactly one of the key points in bitcoin or cryptocurrency investment is doing your own research. Just like you have believe it is necessary to just have a pat on the back for someone who needs to learn bitcoin and then don’t force them into it, better still if they easily want to invest in it once you told them then be objective and prioritize them having to do their research by them selves this way they would actually have read or heard about the risk of getting involved. Also personal research is actually good in the aspect of one setting up his wallet and even learning the ethics of keeping it safe from potential hackers.

Some months? Feels like a fake story then, unless you mean 8 or more months ago, exactly at the bottom. People who bought a few months ago, meaning less than 8, aren't too happy about the return.


Benefiting today? I wonder what that means. That she's selling after this recent crash and a few months before the halving? We're in a bear market and you're "benefiting" from the investment?
Congratulations I guess.

I also have some iota of disbelief in this stories, most especially the place OP pointed out that the mum was scared to invest because of she felt will be defrauded by OP but nonetheless though.

Probably the mother got into bitcoin at the start of the year, probably a new year gift   and we all know how bitcoin was actually at low then, bitcoin was $16k then and went up the first quarter so if she had actually bought it then as suggested she should be happy now.

Base on the above assumptions then she must have only benefited if she only took the profit mid this year or around April/June when bitcoin was around $30k plus that’s actually 2x the presumed invested price of $16k. This is the only way I can assume she would have benefited this year on it.

Also if our two assumptions are actually correct then I think it is a bit risk for newbies holding bitcoin for a short term, only traders benefit that way because bring in money to pull out in a short period of time might not work out because the volatility involved in bitcoin. Most of the newbies engage in this type of investment are people that came in with the narrative of just earning and it is bad

[bittraffic]

You need to prove to them you made a big profit after you invested in BTC. That's what is going to convince them to invest. The skeptical mind always needs something of proof to believe in. Apparently, all people are skeptical when it comes to buying something they don't understand.  

And forgive my mouth, old people always have a hard time understanding why it has value. It takes a lot of grasping when I told my uncle, it has value because people buy it. He thought for a while asking why would someone buy it. Til today I have not convinced him to buy  

[Helena Yu]

You need to prove to them you made a big profit after you invested in BTC. That's what is going to convince them to invest. The skeptical mind always needs something of proof to believe in. Apparently, all people are skeptical when it comes to buying something they don't understand.  

I know this way is really effective since people always interested with money, but this is a bad way to teach someone about Bitcoin. It's all good when Bitcoin price is keep rising and he buy low, sell high, repeat. But if it goes wrong, they will angry and say if Bitcoin is scam.

There's a chance they will not trust you anymore since they think you're scam them, while the reality you're not scam and you don't get anything after teach them.

[Japinat]

The lesson here is there’s no need to convince someone especially if it comes with a highly potential asset, because whether he will reject the idea or not at the moment, in the end when all the people are into bitcoin, I don’t think he won’t change his mind and suddenly long to buy for bitcoin so he can invest and hold it like a valuable investment. Same goes with OP’s mother, educate her but never force her to invest suddenly. Bitcoin is a risky investment so one needs to study it thoroughly before she’ll come up with her final decision to buy and hold bitcoin.

[eaLiTy]

~
there was a lesson I lean from here. when you are preaching to someone about Bitcoin, you shouldn't talk too much, and you shouldn't stay long and you should also allow them make some research and ask questions about what we are preaching to them, to avoid loss at the end.

You have the point, never preach about cryptocurrency if they do not have any idea about them. Just give them the general introduction about the new market and once they check them out and ask further questions, it is better to explain further, if not they will think that we are talking about BTCitcoin to make them invest in it so that we are benefitting from it somehow  .

[flyingcarpet]

I can remember some years ago, I talked to my mother about Bitcoin and investing on it. that was two years ago. she should use any amount she could use as a trial, but she rejected the idea of investing on Bitcoin. she thought I'was going to defraud her.because she never hard about Bitcoin investment before. because of that, she was afraid and rejected the idea because of the pressure I was giving to her to invest on Bitcoin. before then, I have told her the benefits of investing on Bitcoin, but she rejected everything. afterwards I never bring up the discussion again to her.

some months ago my mother called me that she now have interest on investing on Bitcoin with some amount of money, I ask her what happened!  I thought she rejected the idea when I introduce it to her some years ago, and it have been long we talked about it. she said to me, I have make some research and ask questions about Bitcoin after all my mother invested huge amount of money $5k on Bitcoin which she's benefiting from it today.

there was a lesson I lean from here. when you are preaching to someone about Bitcoin, you shouldn't talk too much, and you shouldn't stay long and you should also allow them make some research and ask questions about what we are preaching to them, to avoid loss at the end.

I don't know, how you see it.

Some things just have to happen naturally. If you force something to happen, it usually has the opposite effect. Your mother may have unwittingly chosen the right time to invest.

An investment that sounds right to you may not be right for someone else. No matter what you do, your persuasion effort will be in vain. Many of us met bitcoin because we wanted it ourselves. Let things happen on their own, just watch and don't interfere.

[Lorence.xD]

It's normal for someone to not trust something they don't know, maybe it got her attention that mentioning Bitcoin's potential so maybe she did her own research about it. We all know that investing is risky even on other investment such as business. Crypto might be hard and complicated for them to understand but once they really want to learn something, they would literally research information about it. $5k is actually huge investment that your mother risked. And I'm happy for both of you since you OP, the one introduced Bitcoin and now your mother is now getting the benefits of BTC. I have tried to convince mine, but she thought that it was easy money so she simply gave me money for me to invest it which I don't like since whenever there's a wrong call, I am liable for that loss.

[Faisal2202]

there was a lesson I lean from here. when you are preaching to someone about Bitcoin, you shouldn't talk too much, and you shouldn't stay long and you should also allow them make some research and ask questions about what we are preaching to them, to avoid loss at the end.

I don't know, how you see it.

This is something we all should keep in mind. I am aware of the learning that you have just observed because I am a teacher, and my job is to force students to learn new things. I do not force them to learn it and adopt it; instead, I create curiosity in them, ask them what results it could provide them, and give them the homework.

If you will do all the spoonfeeding, then other people will not try to think and make decisions from their own minds, and they will start to rely on you, and many people do not want to rely on anything. Even you tried hard to tell your mother, who was an old schoolteacher and definitely had no idea about BTC, that you were asking here to invest in BTC, and she definitely doubted you. Young blood always makes mistakes, and elders do know that, and they always think twice or three times before accepting or agreeing with an idea, specifically when the idea is about money.

But I am happy that you learned something new and that your mother made a good decision, but please, if you know more than your mother, then teach her that even if the market goes down, she should remain calm and not panic sell. As she must have held them, she must not have done future trading in them, and if that's the case, then she would make a lot of money in the long term. Maybe in the next ATH after this halving.

[Mame89]

Inviting parents to invest in their parents is indeed difficult and not easy for them to accept easily. It took a long time to convince them to invest in bitcoin. like you did, even though you previously asked him to invest in bitcoin he refused, but it was only a few years later that he began to realize that he wanted to invest in bitcoin for the future. That's because he has done his own research or has studied it in various media and on the internet.

Indeed, basically introducing bitcoin to the family is a good thing but still cannot be forced, what you are doing is right. Inviting without coercion he finally started researching himself what are the benefits of investing in bitcoin. In the end he realized that investing in bitcoin is something that must be done in today's technological era. I think it's normal for parents not to immediately accept your invitation, maybe because they think bitcoin is weak and difficult for parents and the general public to accept because bitcoin has no physical form, that's what makes it hard for them to believe in it. bitcoins.

[The Cryptovator]

Pressuring individuals to invest in Bitcoin isn't advisable; it could lead to negative reactions and avoidance of Bitcoin. Instead, it's better to provide a clear explanation and encourage independent research. This way, they can gather information online and make an informed decision. It's important to be transparent and share both the advantages and disadvantages of Bitcoin investments. By doing so, people can make choices aligned with their preferences. Just wondering, did your mother truly benefit from investing in Bitcoin?

[ajiz138]

Never talked to my mother about bitcoin let alone invite her, she knew I was familiar with bitcoin but was never interested in following her, never forced anyone to invest it was a risk that I did not want to bear except my own wishes, study myself and buy myself without anyone's help or coercion.

Bitcoin is very fluctuating when the person is impatient in waiting for the long term you can be blamed because the price continues to fall and the increase never comes, I don't want to be burdened let them decide but now bitcoin has been widely recognized because many media are reporting on it.

Mom, wife or brother whoever does not want to participate because I myself!