presuring someone into Bitcoin investment

[khiholangkang]

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.

In the mechanism of wise, investing should be like that, his mother is a careful person in assessing an asset even though the time interval needed is quite long, maybe he also raises money first before investing in Bitcoin, it seems indifferent from the attitude shown, but Little by little he found out, it was better than someone who was interested because of his benefits without knowing the state of the movement of Bitcoin correctly.

Although 2 years ago was a pretty right time because it was close to the formation of a new ATH, but his mother had good wisdom and concern as an investor when acquainted with the new assets offered.
Of course, in Bitcoin must have to be patient to get a profit, if you want to get a quick profit will be quite difficult and can sell at the price of loss because of the market movement if felt every day is boring.

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.

This kind of thing must indeed be avoided considering that people will ask for responsibility from people who forced him to invest when experiencing a price decline not only in Bitcoin, including all assets made into investment places, educating him to understand it is not a problem, related to any decision In its implementation in using Bitcoin it must be returned to the owner of the capital, because it will make a sad attachment if you do such a thing.
The average of the financial advisors that I met they said Dyor after explaining an investment asset or formula, especially for Bitcoin who had high fluctuations, they always said that.

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[puloweh555]

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.

The point you made is very correct. Before we educate and introduce Bitcoin investment to our family, we have to understand it for ourselves first, and of course we have to convey the basic things first so that it is easy for them to understand. After we explain everything, then leave the decision completely to him and don't force his choice.

Maybe these tips can be used to explain Bitcoin to family and parents. As much as possible stay away from technical discussions. Stay away from discussing technical matters about blockChain, etc. For people who are just getting acquainted with Bitcoin for the first time, they only need to know the basics, the whys. We help them find out why. Why should we have Bitcoin. What do we get if we invest in bitcoin, by introducing basics like this maybe they will quickly understand and want to invest in bitcoin.

[usekevin]

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.

The better way to add your friends to the crypto community,you need teach them more about the bitcoin.It’s not a good idea to force anyone to cryptocurrency investment,you can teach both the advantage and disadvantage of the crypto currency.If they agreed to join the cryptocurrency trading,then help them how to trade the cryptocurrency.Because they are going to inverse their hard earned money,you should not give any financial advice to anyone.The most important for the trader is they need to wait till the price back to the all time high for profit.

[Smeet]

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.

Trying to make someone buy Bitcoin or any investment is not a good idea. Why? Well, because these things can be pretty tricky. They can make you money, but they can also make you lose it just as fast. Everyone's got different money goals and how much risk they can handle. So, it's better to let people decide on their own when it comes to investing. Give them the facts, let them think it over, and support whatever choice they make without pushing them into it. That way, they can make the right decision for themselves.

Remember, it's their money and their future, so they should have the final say in how they want to handle it.

[Hypnosis00]

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.

Trying to make someone buy Bitcoin or any investment is not a good idea. Why? Well, because these things can be pretty tricky. They can make you money, but they can also make you lose it just as fast. Everyone's got different money goals and how much risk they can handle. So, it's better to let people decide on their own when it comes to investing. Give them the facts, let them think it over, and support whatever choice they make without pushing them into it. That way, they can make the right decision for themselves.

Remember, it's their money and their future, so they should have the final say in how they want to handle it.

If you are also a wise investor, you will not also invest in something that you never know. It is not the reason why we invest blindly because of someone pressuring us but it is due to we simply believe that investment is good and we trust that person. Actually, it is in our hands whether we have to invest or not, not by the decision of others meaning, we don't have to blame that person but rather blame ourselves. Unfortunately, what we do is that we give responsibility to others while it is our money.

[Smeet]

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.

Trying to make someone buy Bitcoin or any investment is not a good idea. Why? Well, because these things can be pretty tricky. They can make you money, but they can also make you lose it just as fast. Everyone's got different money goals and how much risk they can handle. So, it's better to let people decide on their own when it comes to investing. Give them the facts, let them think it over, and support whatever choice they make without pushing them into it. That way, they can make the right decision for themselves.

Remember, it's their money and their future, so they should have the final say in how they want to handle it.

If you are also a wise investor, you will not also invest in something that you never know. It is not the reason why we invest blindly because of someone pressuring us but it is due to we simply believe that investment is good and we trust that person. Actually, it is in our hands whether we have to invest or not, not by the decision of others meaning, we don't have to blame that person but rather blame ourselves. Unfortunately, what we do is that we give responsibility to others while it is our money.

I agree that ideally the person doing the investing is 100% accountable for what they do. However, if someone persuades someone else into risky investments, the investor can't hold 100% of the blame since the persuader can make it sound lucrative.

[serjent05]

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.

The better way to add your friends to the crypto community,you need teach them more about the bitcoin.It’s not a good idea to force anyone to cryptocurrency investment,you can teach both the advantage and disadvantage of the crypto currency.If they agreed to join the cryptocurrency trading,then help them how to trade the cryptocurrency.Because they are going to inverse their hard earned money,you should not give any financial advice to anyone.The most important for the trader is they need to wait till the price back to the all time high for profit.

I think just informing them about Bitcoin is also a good way to invite them to join cryptocurrency.  Let their interest work for them and make them research about BTC.  The information on the internet about Bitcoin is vast and I believe it will do more good information-wise if they learned it from the internet since we can find a complete list of resources there than teaching them what we know.  We can guide them, yes but I think having them learn it themselves due to interest will have a better fruit than spoon-feeding them.

[CageMabok]

Trying to make someone buy Bitcoin or any investment is not a good idea. Why? Well, because these things can be pretty tricky. They can make you money, but they can also make you lose it just as fast. Everyone's got different money goals and how much risk they can handle. So, it's better to let people decide on their own when it comes to investing. Give them the facts, let them think it over, and support whatever choice they make without pushing them into it. That way, they can make the right decision for themselves.

First of all, any investment is something that is completely free to be done and chosen by anyone as long as the person who chooses and does it really understands the method and the risks. Apart from that, the investor himself is also very familiar with the asset he has chosen and has also done some research in the past on that asset so that he can be quite comfortable making a decision at this time. So this kind of thing is not a compulsion nor is it a bad idea to do it because it is already based on very wise methods.

Remember, it's their money and their future, so they should have the final say in how they want to handle it.

Those who still want to remind you have also started and are making their own money so you don't need to assume that every carrier of information about Bitcoin and investment is out to take your money. But they could just tell everyone about it by making up their own minds after knowing it, so this is also something to keep in mind before judging other people's information.

[Smeet]

Trying to make someone buy Bitcoin or any investment is not a good idea. Why? Well, because these things can be pretty tricky. They can make you money, but they can also make you lose it just as fast. Everyone's got different money goals and how much risk they can handle. So, it's better to let people decide on their own when it comes to investing. Give them the facts, let them think it over, and support whatever choice they make without pushing them into it. That way, they can make the right decision for themselves.

First of all, any investment is something that is completely free to be done and chosen by anyone as long as the person who chooses and does it really understands the method and the risks. Apart from that, the investor himself is also very familiar with the asset he has chosen and has also done some research in the past on that asset so that he can be quite comfortable making a decision at this time. So this kind of thing is not a compulsion nor is it a bad idea to do it because it is already based on very wise methods.

Remember, it's their money and their future, so they should have the final say in how they want to handle it.

Those who still want to remind you have also started and are making their own money so you don't need to assume that every carrier of information about Bitcoin and investment is out to take your money. But they could just tell everyone about it by making up their own minds after knowing it, so this is also something to keep in mind before judging other people's information.

My point is that giving some advice like "Bitcoin is great! I've made so much money from it" can be persuading them to think to buy into it.

Like I said here:

I agree that ideally the person doing the investing is 100% accountable for what they do. However, if someone persuades someone else into risky investments, the investor can't hold 100% of the blame since the persuader can make it sound lucrative.

They are accountable for their investments, but in my mind its not good practise to convince people into investing into things that we may find interesting

[Issa56]

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.

It's excellent to educate certain people, but don't make it appear as if you have news you don't want to share. And it demonstrates that the profit is what most often piques people's interest in bitcoin without the profit, they wouldn't give a damn about anything else. Is now looking has if most people don't know that bitcoin also have its own gambling nature. If you are willing to take the risk, I can even use the no pain, no gain principle to induce investment in anyone. Not that you start bothering me if the investment doesn't go your way, forgetting that the person made the decision on their own. Everyone uses bitcoin in their own way, according to their own definition.

The better way to add your friends to the crypto community,you need teach them more about the bitcoin.It’s not a good idea to force anyone to cryptocurrency investment,you can teach both the advantage and disadvantage of the crypto currency.If they agreed to join the cryptocurrency trading,then help them how to trade the cryptocurrency.Because they are going to inverse their hard earned money,you should not give any financial advice to anyone.The most important for the trader is they need to wait till the price back to the all time high for profit.

Only a select minority of my friends, I'd say, truly want to invest in bitcoin because the majority of them are aware of the costs associated with doing so and are therefore unwilling to accept the risk. That is a good point  made the advantage and the disadvantage should be made known to the investor has stated above before you get blamed. And after the fundamentals, mentorship—where you learn from an experienced trader—seems like it would be a good idea to develop the community's interested members. So that they don't lose there hard earned money. Getting money this days is hard.

[Blitzboy]

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.

The point you made is very correct. Before we educate and introduce Bitcoin investment to our family, we have to understand it for ourselves first, and of course we have to convey the basic things first so that it is easy for them to understand. After we explain everything, then leave the decision completely to him and don't force his choice.

Maybe these tips can be used to explain Bitcoin to family and parents. As much as possible stay away from technical discussions. Stay away from discussing technical matters about blockChain, etc. For people who are just getting acquainted with Bitcoin for the first time, they only need to know the basics, the whys. We help them find out why. Why should we have Bitcoin. What do we get if we invest in bitcoin, by introducing basics like this maybe they will quickly understand and want to invest in bitcoin.

In fact, making Bitcoin easy is the key to getting many people to use it. It's like setting up someone's first email account; they don't need to know about SMTP standards. Just send an email is all they want to do. In the case of Bitcoin, they want to know the "what" and "why," not the "how."

It's like teaching a child to ride a bike: first you give them a tricycle, then you give them stabilizing wheels, and then you let them go. Introduce the basics of Bitcoin, its growth rate, how it could help people become financially independent, and any possible risks. Get to the point: digital gold that is not controlled by a single group.

When they understand that? Show them your wallet and an exchange. Let them see it work and feel it. Remember that in the world of Bitcoin, you have to see to believe. Step back once they've seen. Give them room and let them make a choice based on what they know. At the end of the day, Bitcoin is a trip of discovery, and you are the tour guide, not the driver.

[Mauser]

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.

Convincing others about the benefits of crypto currencies and getting them to invest their own money in it is very hard. Especially when we talk to elderly people that are more risk averse, the concept of bitcoins and other crypto coins could seem risky at first. When promoting crypto currencies we should always be open about the benefits and risks involved. In case we only promote the advantages then it could seem that it's a save investment without risk of losing money. It all comes down to managing expectations, the times of getting rich overnight are over. Which doesn't mean that bitcoin and other coins are still great investment. Unfortunately, bitcoin isn't for everybody as some people don't want to take any risks with their money. Someone that only has a savings account at the bank and never bought any stocks or investment funds in the past should think long before buying cryptos.

[Vaskiy]

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.

Convincing others about the benefits of crypto currencies and getting them to invest their own money in it is very hard. Especially when we talk to elderly people that are more risk averse, the concept of bitcoins and other crypto coins could seem risky at first. When promoting crypto currencies we should always be open about the benefits and risks involved. In case we only promote the advantages then it could seem that it's a save investment without risk of losing money. It all comes down to managing expectations, the times of getting rich overnight are over. Which doesn't mean that bitcoin and other coins are still great investment. Unfortunately, bitcoin isn't for everybody as some people don't want to take any risks with their money. Someone that only has a savings account at the bank and never bought any stocks or investment funds in the past should think long before buying cryptos.

Thats true, making someone understand the better part of bitcoin and invest on it is really hard. Teaching bitcoin to someone close to us is good, but the same shouldn't be a pressure at any situation. It is their own money and they should decide whether to invest or not. Out of eager most of the time we just throw the advantageous part and never brief the risks. At the beginning it takes little time to analyse and understand and come to a conclusion. What the mother have done is really good, maybe she had missed profiting but she had analysed, understood the risk and come to a decision to invest.

[demonica]

Well obviously, if you pressure someone to invest on something saying bunch of things, they would doubt about it. Cause that's what networking and investment scheme usually do. They would keep on persuading people to invest on something. So I understand why your mother was in doubt at first when you told her to invest. But rather than forcing or persuading others to get into Bitcoin cause you believe in Bitcoin, it's better to introduce it to them first without telling them to try it. Simply, introduce it to them. When they get curious or interested, they will most likely to study and research about it on their own.

People around me whom I helped introducing Bitcoin, I never really persuaded them to invest in it. They just know I'm into Bitcoin or crypto in general, and they are the one who'll come to me asking for help how to invest and such.

[Onyeeze]

Bitcoin have advantages and disadvantages  for the investment and someone who is investing in bitcoin doesn't know exactly if the investment will benefit him or not, so pressurising someone to invest in bitcoin is not encouraging, what you do in bitcoin is what your mind tells you to do, so their is some things that is supposed to done with bitcoin investment and theirs is things that should not be done, because in bitcoin investment you have so many things you can do during the investment and you most at least have the knowledge of bitcoin and the risk that is involve in bitcoin investment before you invest.

[Y3shot]

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.

The better way to add your friends to the crypto community,you need teach them more about the bitcoin.It’s not a good idea to force anyone to cryptocurrency investment,you can teach both the advantage and disadvantage of the crypto currency.If they agreed to join the cryptocurrency trading,then help them how to trade the cryptocurrency.Because they are going to inverse their hard earned money,you should not give any financial advice to anyone.The most important for the trader is they need to wait till the price back to the all time high for profit.

The problem people have when introducing bitcoin to newbies is that they only talk about the benefits and they do not talk about the common challenges one will likely face when dealing with bitcoin. If in every introduction people can be open and go ahead to say about the challenges bitcoin has I don't think newbies will put blames on people when bitcoin market becomes tough for them. People just only want to say the good side and benefits of Bitcoin so they can easily catch the attention of this newbies and I wonder why they so much care about people accepting bitcoin when they don't really understand it and know the problems and challenges they may come across in the future. 

[dothebeats]

Well obviously, if you pressure someone to invest on something saying bunch of things, they would doubt about it. Cause that's what networking and investment scheme usually do. They would keep on persuading people to invest on something. So I understand why your mother was in doubt at first when you told her to invest. But rather than forcing or persuading others to get into Bitcoin cause you believe in Bitcoin, it's better to introduce it to them first without telling them to try it. Simply, introduce it to them. When they get curious or interested, they will most likely to study and research about it on their own.

People around me whom I helped introducing Bitcoin, I never really persuaded them to invest in it. They just know I'm into Bitcoin or crypto in general, and they are the one who'll come to me asking for help how to invest and such.

I see your point here. More often than not, people get scammed by those who are being too persuasive and putting pressure on others to hear them out and join. Instead, it is better to just put it out there that you are into Bitcoin and crypto, and allow them to be the ones to find curiosity in it. Let them learn on their own and just be available when they have questions and inquiries, that way you wouldn't feel so responsible and pressured for their decisions in investing.

[abel1337]

Well obviously, if you pressure someone to invest on something saying bunch of things, they would doubt about it. Cause that's what networking and investment scheme usually do. They would keep on persuading people to invest on something. So I understand why your mother was in doubt at first when you told her to invest. But rather than forcing or persuading others to get into Bitcoin cause you believe in Bitcoin, it's better to introduce it to them first without telling them to try it. Simply, introduce it to them. When they get curious or interested, they will most likely to study and research about it on their own.

People around me whom I helped introducing Bitcoin, I never really persuaded them to invest in it. They just know I'm into Bitcoin or crypto in general, and they are the one who'll come to me asking for help how to invest and such.

I see your point here. More often than not, people get scammed by those who are being too persuasive and putting pressure on others to hear them out and join. Instead, it is better to just put it out there that you are into Bitcoin and crypto, and allow them to be the ones to find curiosity in it. Let them learn on their own and just be available when they have questions and inquiries, that way you wouldn't feel so responsible and pressured for their decisions in investing.

I also agree, there are bunch of strategy to make people get interested on things that you want them to learn. Showing the result of your investment would be sufficient enough, it will trigger their curiosity on how you get that kind of profit and pretty much they will engage themselves on how to learn crypto.

If they themselves got the initiative on how to use crypto, you will be safe from blaming if their investment sunk since you will absolutely haven't contributed from their intent on investing on crypto.

[SOKO-DEKE]

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.

If I’m not mistaking, I came across your post a couple of days ago in which you said you knew nothing about bitcoin. Why are you now saying you wish to let your mom know about bitcoin? Two years ago, you told her you wanted her to invest, but she kept rejecting your request. I think you should calm yourself down on the forum and do the needful, in which the forum will benefit from what you are bringing up. Creating this type of thread will not help you because I believe you are doing all this just to get merit. You forget that you can be merited with a post that is not meaningful, so try and contribute meaningful contents on the forum next time you are posting, mate

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.

If your mom invested some months ago, why is she enjoying her investment at this moment when the market is low? Did she just invest and sell the bitcoin without thinking of getting a profit? I think you still need more knowledge about bitcoin investment because this shows that you are not even checking the bitcoin price to know how the price is, and even if you invest, you can't know how the market goes.

However, I can see that for the past few months now, people have been using the opportunity of how low the bitcoin market is to buy more, so why did your mom buy at a very low price and sell without making a profit? If she truly bought bitcoin as you claimed, she would’ve never sold it because she can’t even get her money back. Talk about profit!

[karabiber]

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.

When encouraging people to invest in bitcoin, i prefer to talk more. Most people don't like to do research and are tempted by what they hear from others. It's wiser to talk about the attractive aspects of bitcoin instead of pressuring them. So i don't hesitate to tell them about bitcoin. Compared to 10 years ago, i would say it's easier to explain Bitcoin now. It's easier to explain why people should invest in Bitcoin by referencing the recent bull run and halving periods. Then we can talk about the philosophy of Bitcoin and the revolution it will bring to the monetary system.