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Author Topic: presuring someone into Bitcoin investment  (Read 1150 times)
uswa56
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August 30, 2023, 02:55:50 PM
 #101


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.
We will behave differently towards the closest people especially family, and if we already believe that Bitcoin investment is profitable enough in the future then we will do our best to get them involved in this investment.
The important point is within us, namely if we have done a lot of research and have a strong belief in a bright future if we invest in Bitcoin so that we will introduce it to the people closest to us.
And our way of preaching is also different, there are those who only introduce and there are even those who forcefully (I am one of them)

But for other people, we have a different way, there are many things that have to be explained or there will be many questions that will arise so in my opinion it will be very troublesome to explain.

Therefore, I think we have different experiences and stories for different people.
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August 30, 2023, 04:06:01 PM
 #102

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.
In the end it will still be their decision, it is better that we only recommend rather than going too far like forcing them to invest in bitcoin, even though later the profits will be entirely theirs, but we must also remember that the market is not always friendly and it could be that by the time they buy bitcoin, the price of bitcoin has decreased very deeply.
We can recommend them and after that let them learn, if they ask us to teach them then it is a good thing, because we can tell them directly what should and should not be done when they invest in bitcoin.

I actually don't really like to show what I have gotten from bitcoin investment, I prefer when they ask first, because when they ask it indicates that they are starting to be interested in bitcoin.

R


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August 30, 2023, 04:17:19 PM
 #103

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.
In the end it will still be their decision, it is better that we only recommend rather than going too far like forcing them to invest in bitcoin, even though later the profits will be entirely theirs, but we must also remember that the market is not always friendly and it could be that by the time they buy bitcoin, the price of bitcoin has decreased very deeply.
We can recommend them and after that let them learn, if they ask us to teach them then it is a good thing, because we can tell them directly what should and should not be done when they invest in bitcoin.

I actually don't really like to show what I have gotten from bitcoin investment, I prefer when they ask first, because when they ask it indicates that they are starting to be interested in bitcoin.

It is really better that they are aware of the risk and also ask you relevant questions on it rather than being the first person to approach them to invest in it, because first, the risk of losing their money is also the risk of your friendship with them. If they are true friends, friendships are still there, but mostly in this case, this is where you start getting enemies when the investment fails. No matter what, don't ever pressure or tell someone to invest in Bitcoin without any knowledge or because they are not aware of the risk, just for your own good.
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August 30, 2023, 05:10:19 PM
 #104


In the end it will still be their decision, it is better that we only recommend rather than going too far like forcing them to invest in bitcoin, even though later the profits will be entirely theirs, but we must also remember that the market is not always friendly and it could be that by the time they buy bitcoin, the price of bitcoin has decreased very deeply.
We can recommend them and after that let them learn, if they ask us to teach them then it is a good thing, because we can tell them directly what should and should not be done when they invest in bitcoin.

I actually don't really like to show what I have gotten from bitcoin investment, I prefer when they ask first, because when they ask it indicates that they are starting to be interested in bitcoin.

It is really better that they are aware of the risk and also ask you relevant questions on it rather than being the first person to approach them to invest in it, because first, the risk of losing their money is also the risk of your friendship with them. If they are true friends, friendships are still there, but mostly in this case, this is where you start getting enemies when the investment fails. No matter what, don't ever pressure or tell someone to invest in Bitcoin without any knowledge or because they are not aware of the risk, just for your own good.

That's right, what you're saying makes sense, because there shouldn't be any coercion in investing and also don't force someone to follow what you're doing. If they accidentally see you or see the benefits you get and then they are interested then it doesn't matter if you want to give a little lesson on how to start investing and also emphasize more on the various risks that will be able to occur in it because you will not benefit if you don't dare to take risks. Because not everyone is interested in investing, and even if they are interested it might only be because of the benefits, they just want to get the benefits without the various loss processes that we generally experience. So it's true as you say, whatever happens no matter how big your profits are, never pressure or force others to follow you, because everyone is different and also every way and style of trading is different. The risk is that when they experience losses then you are the first person they will come to, remember money is a sensitive thing and can damage your friendship.

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August 30, 2023, 07:19:22 PM
 #105

Whether your mother is financially savvy or not, you've shared information about Bitcoin. What I hope for is that you assist your mother in gaining some knowledge about the world of crypto, so she can make informed decisions.

If she's financially astute and already familiar with the realm of Bitcoin and cryptocurrencies, the process would likely be smoother. You might even have the opportunity to learn alongside your mother and exchange ideas.

Educating someone about Bitcoin who has never heard of it before is a challenging endeavor. As long as it's not forced, it's safe. After all, each person has the right to make their own choices.

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Blitzboy
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August 31, 2023, 11:47:57 AM
 #106


In the end it will still be their decision, it is better that we only recommend rather than going too far like forcing them to invest in bitcoin, even though later the profits will be entirely theirs, but we must also remember that the market is not always friendly and it could be that by the time they buy bitcoin, the price of bitcoin has decreased very deeply.
We can recommend them and after that let them learn, if they ask us to teach them then it is a good thing, because we can tell them directly what should and should not be done when they invest in bitcoin.

I actually don't really like to show what I have gotten from bitcoin investment, I prefer when they ask first, because when they ask it indicates that they are starting to be interested in bitcoin.

It is really better that they are aware of the risk and also ask you relevant questions on it rather than being the first person to approach them to invest in it, because first, the risk of losing their money is also the risk of your friendship with them. If they are true friends, friendships are still there, but mostly in this case, this is where you start getting enemies when the investment fails. No matter what, don't ever pressure or tell someone to invest in Bitcoin without any knowledge or because they are not aware of the risk, just for your own good.

That's right, what you're saying makes sense, because there shouldn't be any coercion in investing and also don't force someone to follow what you're doing. If they accidentally see you or see the benefits you get and then they are interested then it doesn't matter if you want to give a little lesson on how to start investing and also emphasize more on the various risks that will be able to occur in it because you will not benefit if you don't dare to take risks. Because not everyone is interested in investing, and even if they are interested it might only be because of the benefits, they just want to get the benefits without the various loss processes that we generally experience. So it's true as you say, whatever happens no matter how big your profits are, never pressure or force others to follow you, because everyone is different and also every way and style of trading is different. The risk is that when they experience losses then you are the first person they will come to, remember money is a sensitive thing and can damage your friendship.
While your argument that you shouldnt make people spend money is sound, your assertion that consumers are merely interested in "benefits" is overly simplistic. It would be a major understatement to claim that owners simply do it for the benefits. Particularly when investing in stocks or commodities, due diligence, a solid grasp of market dynamics, and a cautious evaluation of risk are all necessary.

Not everything is as simple as "being willing to take risks." In addition, you should be aware of the hazards, consider them, and base your decisions on your newfound knowledge. Your point is supported by the fact that everyone trades in a different method. But to claim that loss is inevitable and that we shouldnt learn from it or share it with others? This case is based more on fear and rage than it is on facts.

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August 31, 2023, 12:01:44 PM
 #107

Investment is a system where the investor takes responsibility for all his risks. An investor here will never invest on Bitcoin under pressure or on impulse. Investing in Bitcoin is done at the investor's own risk. If someone asks to invest here by creating pressure, then he must take legal action against the person who created the pressure. Because investing in Bitcoin must be voluntary and planned.

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August 31, 2023, 12:20:32 PM
 #108

Like you said in one of your thread that you invested in Bitcoin since 2017 and you pressured your mom to invest in Bitcoin two years back that is 2021 I think so, I believe with out you pressuring your mom to invest in Bitcoin two years back I believe with your achievements as you claimed your mom will see it and invest in Bitcoin, anyway is a pity that your mom doesn't trust you as she think that you will fraud her of her money.
Please next time you want to tell person about Bitcoin don't force the person because the person will think that you are a scammer just as your mother did.

R


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August 31, 2023, 12:34:41 PM
 #109

Investment is a system where the investor takes responsibility for all his risks. An investor here will never invest on Bitcoin under pressure or on impulse. Investing in Bitcoin is done at the investor's own risk. If someone asks to invest here by creating pressure, then he must take legal action against the person who created the pressure. Because investing in Bitcoin must be voluntary and planned.

how can someone create pressure or encouragement to invest? and how can it lead to legal action?
you have to distinguish between encouragement in the form of solicitation or motivation or even just a suggestion to invest in Bitcoin with pressure in the form of coercion that can enter into a threat. It can be taken legal action or criminalized.

in the context of the OP, it's his family. which means that the pressure in question may be related to discussions from families who really like investment. Not being sure is normal, but how can a person who is not sure finally become sure by himself?


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August 31, 2023, 12:39:06 PM
 #110

-snip-
Educating someone about Bitcoin who has never heard of it before is a challenging endeavor. As long as it's not forced, it's safe. After all, each person has the right to make their own choices.
It's quite difficult, especially since they never knew about crypto or anything like that.
Ordinary people will think that Bitcoin or digital currencies that have no physical presence will disappear and are worthless.

In my neighborhood, Bitcoin or Crypto is only seen as a coin that does not have any influence, only as a toy.
They don't understand what Bitcoin really is, or what crypto is, so we as users who understand must provide good initial education, and explain briefly and clearly.

It cannot be forced, because everyone has their own choices.
If they are not interested, then that's it.
If you still insist on investing in crypto or bitcoin, when there is a loss, those who invite will be the main target for why they experience losses.

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Questat
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August 31, 2023, 12:43:06 PM
 #111


Please next time you want to tell person about Bitcoin don't force the person because the person will think that you are a scammer just as your mother did.
And aside from that - it was pretty hard to convince someone to invest in Bitcoin or in crypto when they never see how it changes your status. Some people just believe in a certain investment based on what they saw us, they believe in those people who can show results, not just words which is somewhat hard for Bitcoin.

This is why I don't tell anyone of my friends to invest in Bitcoin. Even though they that I was in crypto already but never I encouraged them to try because I didn't want to take responsibility for whatever happened to them when they were involved in this.

fuguebtc
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August 31, 2023, 03:16:52 PM
 #112


Please next time you want to tell person about Bitcoin don't force the person because the person will think that you are a scammer just as your mother did.
And aside from that - it was pretty hard to convince someone to invest in Bitcoin or in crypto when they never see how it changes your status. Some people just believe in a certain investment based on what they saw us, they believe in those people who can show results, not just words which is somewhat hard for Bitcoin.

This is why I don't tell anyone of my friends to invest in Bitcoin. Even though they that I was in crypto already but never I encouraged them to try because I didn't want to take responsibility for whatever happened to them when they were involved in this.

However, what compels us to expend our precious time persuading others to invest in bitcoin, without reaping any  benefits from doing so? They invest in bitcoin, means they are looking for profit for themselves, if they don't believe in it, they will losing their own opportunity. So, in my opinion, instead of spending time advising or convincing others to invest in bitcoin, we should spend time on our own investment. Because as you said, as long as they see the results we achieve, they will automatically trust us without needing to spend much time convincing.

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rachael9385
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August 31, 2023, 03:49:24 PM
 #113


Please next time you want to tell person about Bitcoin don't force the person because the person will think that you are a scammer just as your mother did.
And aside from that - it was pretty hard to convince someone to invest in Bitcoin or in crypto when they never see how it changes your status. Some people just believe in a certain investment based on what they saw us, they believe in those people who can show results, not just words which is somewhat hard for Bitcoin.

This is why I don't tell anyone of my friends to invest in Bitcoin. Even though they that I was in crypto already but never I encouraged them to try because I didn't want to take responsibility for whatever happened to them when they were involved in this.

However, what compels us to expend our precious time persuading others to invest in bitcoin, without reaping any  benefits from doing so? They invest in bitcoin, means they are looking for profit for themselves, if they don't believe in it, they will losing their own opportunity. So, in my opinion, instead of spending time advising or convincing others to invest in bitcoin, we should spend time on our own investment. Because as you said, as long as they see the results we achieve, they will automatically trust us without needing to spend much time convincing.
Yes absolutely right, we shouldn't pressure anybody to invest in Bitcoin because is not a most for any body to invest, if any body really wants to know about Bitcoin the person will go to those who already knows about Bitcoin or do their own research about Bitcoin.
Pressuring someone to invest in Bitcoin is a suicide mission because even you that is convincing the person to invest in Bitcoin have no guarantee of the person success and if the person invested in Bitcoin because of how you pressure him or her to invest in Bitcoin and if the person lose his money on Bitcoin your trust to the person will be gone and the person will go around to spoil your name, so not pressuring anybody to invest in bicoin is the best idea, let them find their way in or come to you for your own idea.

R


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wallet4bitcoin
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August 31, 2023, 04:15:54 PM
 #114

You can educate someone about the crypto space and the benefits that goes with it but, do not pressure someone into bitcoin investments as bitcoin is not in anyway responsible for how people use it. Because of its pseudoanonymity, people use bitcoin for loads of unethical programs that requires people to invest their hard earned money without any form of regulations.

These schemes are not the main intent of bitcoin and the blockchain technology, they only use bitcoin as a way of transacting financially. If things goes south, it further destroys the futuristic idea of involvement in the crypto space.

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justdimin
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September 01, 2023, 12:01:33 PM
 #115

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.
I think if the person asks you about it then you should help them, but if nobody asked you about then you shouldn't really pressure them into talking about it.

For example, if someone comes in and asks you where they can buy bitcoin from, then you have a right to reply to them and that makes sense, but if they come in and ask you how you are doing, and you start talking about how bitcoin has been low lately and you are excited about getting more so that it would go up back to where it was and all that, suddenly you are promoting bitcoin to someone who doesn't want to hear it. That's why it is important and you should not be doing that. Just talk to people who are already willing to talk about it, otherwise do not do it.

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September 01, 2023, 12:11:09 PM
 #116

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.
I think if the person asks you about it then you should help them, but if nobody asked you about then you shouldn't really pressure them into talking about it.

For example, if someone comes in and asks you where they can buy bitcoin from, then you have a right to reply to them and that makes sense, but if they come in and ask you how you are doing, and you start talking about how bitcoin has been low lately and you are excited about getting more so that it would go up back to where it was and all that, suddenly you are promoting bitcoin to someone who doesn't want to hear it. That's why it is important and you should not be doing that. Just talk to people who are already willing to talk about it, otherwise do not do it.

But sometimes there will be people who want to learn about bitcoin but are afraid to ask, what should we do? In my opinion, it is not a bad thing for us to mention bitcoin first or automatically introduce it to people first, especially to our relatives. But one thing is that we should try to observe them, if they are interested in our story then we should continue. And if they show no interest, we should stop. Introducing bitcoin is not necessarily bad, but never force them to like our idea if they don't like it.

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September 01, 2023, 03:51:03 PM
 #117

Your mother worked very well and through this act she proved that research is must prior to Initiation of anything. Its true that few years ago the price of bitcoin is was low and if she compared that price with recent price then may be regret.

But one better thing about this decision is that if she Put money at that time so she will not be profitable because of unawareness and all you know better that knowledge is key to success. Also she should have utilize little amount because of the higher risk involved in bitcoin investment but not a big deal with patience she can recover payment as well as can get huge amount as a profit.









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September 01, 2023, 05:57:45 PM
 #118

You can educate someone about the crypto space and the benefits that goes with it but, do not pressure someone into bitcoin investments as bitcoin is not in anyway responsible for how people use it. Because of its pseudoanonymity, people use bitcoin for loads of unethical programs that requires people to invest their hard earned money without any form of regulations.

These schemes are not the main intent of bitcoin and the blockchain technology, they only use bitcoin as a way of transacting financially. If things goes south, it further destroys the futuristic idea of involvement in the crypto space.
You are right. I think it's fine to educate people around about Bitcoin, but never pressure them to become adopters, because if they do this under pressure, they are going to blame you later once BTC price falls and enters another recession. Besides taking responsability for you own investments you will also have to be responsible for the investments of people you pressured to invest in Bitcoin. It simply doesn't worth, because after all, you aren't earning anything with this. However, if you were a financial advisor or manager, then it would be another story, since that would be your profession and there would be a contract containing all risks and potential outcomes for the investor to sign, aware about everything.

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qwertyup23
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September 01, 2023, 06:30:15 PM
 #119

Like you said in one of your thread that you invested in Bitcoin since 2017 and you pressured your mom to invest in Bitcoin two years back that is 2021 I think so, I believe with out you pressuring your mom to invest in Bitcoin two years back I believe with your achievements as you claimed your mom will see it and invest in Bitcoin, anyway is a pity that your mom doesn't trust you as she think that you will fraud her of her money.
Please next time you want to tell person about Bitcoin don't force the person because the person will think that you are a scammer just as your mother did.

I remember, there were similar posts such as this one where people were trying to compel others to learn and invest about BTC.

Remember that this applies to anything- trying to compel someone to learn about a certain subject can result to failure if they are not 100% wholeheartedly invested. If you try to compel them in investing into something they are not keen to begin with, you are just pushing your own ideals to them, without the latter fully understanding on what they are investing on.

Instead of forcing people to learn and invest about BTC, just initiate the topic about them. If they start to ask questions and curious, then that is the time where you can start explaining to them about cryptocurrencies.

R


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September 01, 2023, 06:49:28 PM
 #120

Like you said in one of your thread that you invested in Bitcoin since 2017 and you pressured your mom to invest in Bitcoin two years back that is 2021 I think so, I believe with out you pressuring your mom to invest in Bitcoin two years back I believe with your achievements as you claimed your mom will see it and invest in Bitcoin, anyway is a pity that your mom doesn't trust you as she think that you will fraud her of her money.
Please next time you want to tell person about Bitcoin don't force the person because the person will think that you are a scammer just as your mother did.

I remember, there were similar posts such as this one where people were trying to compel others to learn and invest about BTC.

Remember that this applies to anything- trying to compel someone to learn about a certain subject can result to failure if they are not 100% wholeheartedly invested. If you try to compel them in investing into something they are not keen to begin with, you are just pushing your own ideals to them, without the latter fully understanding on what they are investing on.

Instead of forcing people to learn and invest about BTC, just initiate the topic about them. If they start to ask questions and curious, then that is the time where you can start explaining to them about cryptocurrencies.
I'm not sure if they're just too optimistic of this industry or if they are just making stories. Indeed if more people will know what and how this industry works, but in such way we are just exposing more people to risk. Let them seek with curiousity and interest. Sharing your knowledge is different from pressuring someone into something they're not familiar with. One's actions are affected by their knowledge and awareness of something. Maybe experienced investors are gaining profit but since they're still new, their decision making in every market price changes would be different as well. Guide them and let them decide wether to continue or not.

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