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Author Topic: presuring someone into Bitcoin investment  (Read 1160 times)
BVeyron
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August 29, 2023, 12:55:43 PM
 #81

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.

In general, everyone has investment strategy that pesonally suits expectations, that's why it's actually no use to convince people to invest money into any project. Everyone has own motivation towards investment plans. Most people don't trust crypto since there is no mass use of crypto payments, I think that it can only change with time... Until that, a lot of people will prefer to have fiat money instead of investing in crypto.

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August 29, 2023, 01:19:56 PM
 #82

We all know that bitcoin is good but people who are not well experienced about bitcoin don't want to understand even if we teach them. Since you told your mother about Bitcoin years ago and expressed interest in investing but your mother rejected them. But since your mother spent a long time doing research, she may have used that time and called you later to be interested in investing. However, we have seen many people who initially spoke negatively about Bitcoin and later became interested in full-fledged investment after doing research. But nowadays most of the people are most interested in investing, you will see people in present age if they are told about bitcoin they easily understand it and invest. But I think it's better not to force people if they don't agree to invest after telling them enough about Bitcoin. Although initially rejected when they were taught about Bitcoin, it was later seen that after thorough research, they again thought positively about Bitcoin and expressed interest in investing.

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August 29, 2023, 01:35:31 PM
 #83

Well, it's just a simple matter because after telling them the truth and sharing with them real information containing bitcoins and its basics and also some preventive measures on how to protect themselves from scammers and frauds, all you need to do is free yourself from any blame like clearing everything that you don't ask them to invest rather you don't recommend it until they fully understand what's the risks and also the volatile should also be explained well for them in order not to get surprised when they witness the bloody crypto market for the first time because they will get shocked when they see it and some negative news will also follow after it so you better be good when explaining it all to them because if you can't do it well, it's just better to shut your mouth because the harm is big than the benefits you can give them.
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August 29, 2023, 02:25:06 PM
 #84

You just manage to invest when the market is bull run and good thing about it but if you make a mistake that investment crash the market I guess you can make it again because it's a large possible loss. Seems you have made a profit already I guess you will learn from the possible mistakes for your next investment to secure another good position. Actually, there's nothing wrong with asking for parents investment but I guess it's good if you can earn on your own and not be dependent on their decision.

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August 29, 2023, 02:36:35 PM
 #85


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.

The grand visions take time to understand. Anyone who can afford to move will move
But something tells me he's learning one right now  Smiley

The biggest lesson we can learn in The crypto space is "Patient".

The sooner we spend time and study, the sooner we will get it and come on board.
And there are many missed opportunities that we'd spot with a wider lens.

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August 29, 2023, 02:50:23 PM
 #86

The lesson is you should never speak about financial advises to anyone as long as you are accountant, CA, broker or some other form of expert investor. If it is going to be common or regular investor status then be it, just have your personal investments. Don't talk about it to anyone don't let others know about it. This is even better since you can preserver your anonymity status in the world of bitcoin and have more confidence  on your own investment. If you are going to just brag about it everywhere then devil eyes gonna come look for you and worst things can happen when it comes to Bitcoin holdings.

As far the investment and pressurizing it to your mother was really bad move mate. I can never imagine myself forcing my mum into something she doesn't understand at all? Even before that always remember above points about privacy of investment and then only ask someone else to get into it. Or rather avoid it and let them be themselves.
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August 29, 2023, 10:32:32 PM
 #87

If you told your mother about bitcoin two years ago, then you were already familiar with it before signing up for this forum. If I may say so, you have some prior knowledge about bitcoin.

Most of us have preached bitcoin to friends and family members in the past, and some of us still do so now, telling our new friends we've recently gotten in touch with about bitcoin. We just do that for them to gain from bitcoin's financial freedom.

It's not always a good idea to persuade someone to invest in bitcoin because you will be held responsible for anything that happens after the investment is made.

Tell them about the advantages and disadvantages of bitcoin is the way to start, and then let them decide for themselves whether they are willing to take on the risk of investing in volatile markets without laying blame on you, for why you push them to invest in bitcoin when they are not ready. 


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BALIK
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August 30, 2023, 02:42:20 AM
 #88

Snip

It seemed that this was just a staged story because there were many suspicious and unconvincing details. But OP wanted to convey to people that it is not advisable to force someone to invest in bitcoin if they do not know anything about it. It can be said that the story is fake but this message is something we need to remember and pass on to everyone. I have seen a lot of young people who have no money but do not want to work to earn money to invest but force or lie to their parents to have money to invest in bitcoin. This is extremely bad because it will put pressure on the parents when they know nothing about bitcoin and are not ready to invest.

If that is the case he shouldn't post as something that is original rather op should make this post looks more like an advice to people by then we count it as an advice instead cooking it up to form a (superstitious) stories.
I know it's very hard for some to come up with a good story but in the case of op is different considering fact that he said the mom are still enjoying the benefits till date, do you look into that aspect?
I think those people who bought at then are still facing lose and they are praying for the market to come back the previous price in order for them to get back their lost funds (capital).

Yes, not only one detail you pointed out but many details it is really questionable as I said. Hopefully next time OP will have more good and interesting stories for us.

But in addition to we should not force others to invest in bitcoin, I also want young people to work and accumulate to invest for themselves instead of giving investment advice to others even if it is their parents. I think that a worker or a person with a low income should not give advice to the boss or people with a higher income than himself. They will never respect and pay attention to what we say. If we want to give advice that impresses them, the only way is to show proof that we are getting better at investing in bitcoin. That's how I'm doing with people I'd recommend bitcoin to.

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August 30, 2023, 03:00:44 AM
 #89

If someone refuses our invitation to invest, then don't force them. Inviting other people to invest in bitcoin is great. But if he doesn't want to that's okay, just respect his opinion.
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August 30, 2023, 10:37:03 AM
 #90

she thought I'was going to defraud her.because she never hard about Bitcoin investment before.

This is so wrong. What relationship do you have with your mother that will make her think you want to defraud her? This story doesn't portray good about you. Could it be that this story is not real.

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.
Do they preach Bitcoin to people?
Anyone who knows that you are into Bitcoin will come to you and ask you to teach them and not the other way round. You don't go around preaching Bitcoin to people as if Bitcoin is a ponzi scheme or you are marketing a referral system that gives you commission.

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August 30, 2023, 10:42:24 AM
 #91

Snip

It seemed that this was just a staged story because there were many suspicious and unconvincing details. But OP wanted to convey to people that it is not advisable to force someone to invest in bitcoin if they do not know anything about it. It can be said that the story is fake but this message is something we need to remember and pass on to everyone. I have seen a lot of young people who have no money but do not want to work to earn money to invest but force or lie to their parents to have money to invest in bitcoin. This is extremely bad because it will put pressure on the parents when they know nothing about bitcoin and are not ready to invest.

If that is the case he shouldn't post as something that is original rather op should make this post looks more like an advice to people by then we count it as an advice instead cooking it up to form a (superstitious) stories.
I know it's very hard for some to come up with a good story but in the case of op is different considering fact that he said the mom are still enjoying the benefits till date, do you look into that aspect?
I think those people who bought at then are still facing lose and they are praying for the market to come back the previous price in order for them to get back their lost funds (capital).

Yes, not only one detail you pointed out but many details it is really questionable as I said. Hopefully next time OP will have more good and interesting stories for us.

But in addition to we should not force others to invest in bitcoin, I also want young people to work and accumulate to invest for themselves instead of giving investment advice to others even if it is their parents. I think that a worker or a person with a low income should not give advice to the boss or people with a higher income than himself. They will never respect and pay attention to what we say. If we want to give advice that impresses them, the only way is to show proof that we are getting better at investing in bitcoin. That's how I'm doing with people I'd recommend bitcoin to.

If the story is true then I don't know why people like them think that forcing someone to invest  on bitcoin is really necessary. Since if they showing some interest about bitcoins they are the one approach you and ask something related with this topic. But if they didn't show some interest about it then best to let them what they want and if they didn't like the idea about bitcoin since they think its a scam then let them think about that. Focus on your growth instead of disturbing people and push them to like your idea.

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August 30, 2023, 11:49:05 AM
 #92

she thought I'was going to defraud her.
....

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.
More than that, convince yourself that you're a clean or trustworthy person, not someone who has had financial problems. I'm not really curious about the quality of your relationship with your family, but it sounds kinda funny when a mother suspects her own son is trying to defraud her.

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August 30, 2023, 11:53:34 AM
 #93

We all know that bitcoin is good but people who are not well experienced about bitcoin don't want to understand even if we teach them. Since you told your mother about Bitcoin years ago and expressed interest in investing but your mother rejected them. But since your mother spent a long time doing research, she may have used that time and called you later to be interested in investing. However, we have seen many people who initially spoke negatively about Bitcoin and later became interested in full-fledged investment after doing research. But nowadays most of the people are most interested in investing, you will see people in present age if they are told about bitcoin they easily understand it and invest. But I think it's better not to force people if they don't agree to invest after telling them enough about Bitcoin. Although initially rejected when they were taught about Bitcoin, it was later seen that after thorough research, they again thought positively about Bitcoin and expressed interest in investing.
People of different ages not understanding and accepting Bitcoin is a problem. Your mother may be unsure at first, but she changes her mind after learning more. The excursion is popular, which is comforting. You're right; people should be pushed to learn, but forcing agreement is bad. Investing in Bitcoin is both social and business. A group tries to transform money to make the world fairer. Not everyone initially agrees. A typical logical fallacy is thinking you can easily explain Bitcoin's value to everyone. Your mother and others must go where they must. Give sceptics freedom to study. Bitcoin's change-power will eventually work. Be careful, friends, for the hazards are tremendous. Every rise may bring a fall.

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August 30, 2023, 11:54:26 AM
 #94

I don't know, how you see it.
In early 2021 someone asked me if it was the right time to buy Bitcoin I just said it would be right as we aim to hold it long term and only use money we can afford to lose Unfortunately more people are interested in quick profit, so You and your mother are lucky that you didn't start two years ago, because I'm pretty sure if you managed to convince your mother and her to invest two years ago then what your mother said that you were defrauding was true because the value of her assets is currently declining which is not even nice to see.
I have never convinced anyone to invest in Bitcoin or crypto because it is risky just tell him what I am doing and if he becomes interested I would rather tell him the risks he will experience than the benefits because the crypto world will always be full of unexpected things.

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August 30, 2023, 12:19:54 PM
 #95

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 totally agree with you. It's really hard to believe someone when they are rushing to make you invest because I think he didn't research it very well and just only being controlled by his emotions. When we have something to tell a person, it's better to think well what to say so that the chance of believing you will increase. You know that there's a lot of scammers in the world and maybe the person you wanted to invest was once a victim of it. So we can't blame anyone if they don't invest, because they can decide by themselves.
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August 30, 2023, 12:41:20 PM
 #96

The OP pressured someone (his mom) to invest in Bitcoin, during the height of the bull run. Apparently, his mother is an intelligent person, so she decided to ignore her son and do her own research.
So what have we learned from this case?

  • Don't pressure anyone to invest and where to spend their money.
  • When it comes to investments, don't blindly trust anyone, even if it is your own son.
  • Always do your own personal research, no matter how long it takes.
  • Buy the DIP and HODL.
  • Don't be like Smartgoat, be like his mom.

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August 30, 2023, 01:18:53 PM
 #97

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 totally agree with you. It's really hard to believe someone when they are rushing to make you invest because I think he didn't research it very well and just only being controlled by his emotions. When we have something to tell a person, it's better to think well what to say so that the chance of believing you will increase. You know that there's a lot of scammers in the world and maybe the person you wanted to invest was once a victim of it. So we can't blame anyone if they don't invest, because they can decide by themselves.
Besides, as a listener to someone who is talking about things like this, it was our responsibility as well to do research, not just believe them right away. It was now on decision of the listener (like his Mom) to decide if he invest or not. This is why I don't see anything wrong with doing as long as we don't urge someone to believe us and follow what we are saying because the final say will be coming from them. Otherwise yes, blaming will happen next if they fail their expectations. 

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August 30, 2023, 01:42:49 PM
 #98

More than that, convince yourself that you're a clean or trustworthy person, not someone who has had financial problems. I'm not really curious about the quality of your relationship with your family, but it sounds kinda funny when a mother suspects her own son is trying to defraud her.
Although it sounds not make sense since if her son defraud her, it will make her son get a same impact too. But they're still young and can't think about the future, so there's a chance she think her son isn't suggesting a good thing. However not all kids are good people, some of them are gambling addict or who're want to enjoy luxury life style, so they don't mind to scam theirs' own mother.

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August 30, 2023, 02:21:00 PM
 #99

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.  
If you prove to them that their is a big profit to make from bitcoin it can lead them to be just too desperate to make money from Bitcoin,  and if they get into investing bitcoin with no knowledge but only with mindset to make money and the investment ends up wrong you will still be blamed for it. While giving evidence of good profit in bitcoin to beginners it is important to make them to know having understanding in Bitcoin is as important too as making profit from investment. Understanding leads to getting profit but if one is just moved to invest to become rich it will really end bad.

After giving people prove how profitable investing in bitcoin is, it is necessary to let them know not to rush into it but to make research on getting understanding about to be successful in gaining profit.

R


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August 30, 2023, 02:30:16 PM
 #100

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.
It is too risky trying to "preach" anyone to invest in bitcoin. Investing in bitcoin is more than just buying $500 worth of it. It requires research. Even if your intention in preaching to people about buying bitcoin is to hold for a long term, they need to know how to how safety and all things that every bitcoin holder should know.

Holding bitcoin is not a bed of roses. Do not give them the intention that once they buy bitcoin they are made for life. Or that is all there is to it. We are under no obligation to preach bitcoin to anyone. However, if you see some curious soul, tell them about it and allow them go on to do their own research.

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