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Author Topic: presuring someone into Bitcoin investment  (Read 1160 times)
stadus
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September 04, 2023, 08:39:15 AM
 #141

That's right, there's no need to pressure people into investing in Bitcoin. While Bitcoin has high potential for the future, it also comes with high risk. When people invest without understanding what they're doing and simply follow the hype for possible returns, they may blame you if the investment doesn't pan out.

Knowledge is crucial so that they don't panic when the market experiences fluctuations. It's important to understand that there are ups and downs, bears and bulls in the market. As an investor, one should be aware of these possibilities. It's encouraging to see people returning to plan their investments because they have a better understanding. Hopefully, everyone will do their research so that there are no more uninformed investors thinking that investing in Bitcoin guarantees a profit.

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September 04, 2023, 09:01:05 AM
 #142

When someone teaches another individual how to use Bitcoin, there are typically several reasons behind it, often aimed at facilitating transactions or for investment purposes.

If you wish to introduce Bitcoin as a convenient, bank-free transaction tool, you can start by acquainting them with Bitcoin's features. There's no need to overwhelm with numerous features; just introduce simple functionalities like real-time BTC transfers using a smartphone wallet. Curious individuals will seek further information about Bitcoin and its advantages. Your task now is to guide those interested in learning about Bitcoin to avoid making misguided choices.

To introduce Bitcoin as an investment, showcase the benefits you've gained from your Bitcoin investments. Everyone is interested in "how to make money," as we all recognize the need for funds to fuel our lives. However, don't allow them to choose the wrong methods offered by scammers. Your responsibility also involves keeping a watchful eye to prevent them from falling victim to fraudsters in the crypto world.
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September 05, 2023, 06:17:04 AM
 #143

Pressuring someone to invest in something or to invest in bitcoin is not a good idea at all because it is very risky. Let's take your mother as an example; when you first introduced her to bitcoin, she initially expressed no interest, and you didn't press the issue. However, after doing some research on the currency, she returned to you and expressed interest. Then, since you did not urge her to invest again, if anything occurs or the price of bitcoin drops and she is unable to sell it when she anticipates, she won't hold it against you. As a result, there won't be any friction between the two of you.

And once more, when you are introducing someone to bitcoin, make sure they are a well-informed and educated person because some people are difficult to understand. Some people will invest their money in bitcoin because they believe they will profit from it if they do so after you explain what it is. However, not everyone can invest in bitcoin because it is a type of investment that you must be capable of doing in order to do so.

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September 05, 2023, 08:56:41 AM
 #144

Pressuring someone to invest in something or to invest in bitcoin is not a good idea at all because it is very risky. Let's take your mother as an example; when you first introduced her to bitcoin, she initially expressed no interest, and you didn't press the issue. However, after doing some research on the currency, she returned to you and expressed interest. Then, since you did not urge her to invest again, if anything occurs or the price of bitcoin drops and she is unable to sell it when she anticipates, she won't hold it against you. As a result, there won't be any friction between the two of you.

Well of course it is not a good action, and in my opinion it should be avoided, do not let you or anyone suggest someone with various coercions to then invest in bitcoin and obviously one day there will be many things that you never expected to come, as you said, if something happens to the price of bitcoin for example a bearish phase that is long enough so that they experience losses then surely they will come to you to ask a lot of things or maybe blame you.

And once more, when you are introducing someone to bitcoin, make sure they are a well-informed and educated person because some people are difficult to understand. Some people will invest their money in bitcoin because they believe they will profit from it if they do so after you explain what it is. However, not everyone can invest in bitcoin because it is a type of investment that you must be capable of doing in order to do so.

Yes that's right, I would also slightly suggest that you explain it in detail because as we know bitcoin is very volatile and anything can happen there, especially maybe experiencing a lot of losses, the point is not to choose the wrong person when you want to introduce bitcoin and emphasize the risk of loss more than the profit, as we know almost everyone comes for profit but they don't focus on the loss and in the end many lose a lot there. So it's better not to be too much if you want to introduce bitcoin, you can do it but it must be to the right people and really easy to understand.
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September 05, 2023, 09:24:34 AM
 #145

That's right, there's no need to pressure people into investing in Bitcoin. While Bitcoin has high potential for the future, it also comes with high risk. When people invest without understanding what they're doing and simply follow the hype for possible returns, they may blame you if the investment doesn't pan out.

Knowledge is crucial so that they don't panic when the market experiences fluctuations. It's important to understand that there are ups and downs, bears and bulls in the market. As an investor, one should be aware of these possibilities. It's encouraging to see people returning to plan their investments because they have a better understanding. Hopefully, everyone will do their research so that there are no more uninformed investors thinking that investing in Bitcoin guarantees a profit.
Pressuring people to invest into any investment particularly bitcoin will only make them doubt your sincerity, and they might be thinking that you’re probably pushing them to invest and when they start losing, you’ll become responsible of their instant losses. That is why it’s never on my personality to convince people to trust and invest bitcoin. Instead, when I see them become interested on it, I keep on advising them to research first and learn a lot from bitcoin before they’ll decide to risk some money. Bitcoin is highly risky so one needs to prepare for it before entering the crypto market.

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September 05, 2023, 03:12:02 PM
 #146

Pressuring someone to invest in something or to invest in bitcoin is not a good idea at all because it is very risky. Let's take your mother as an example; when you first introduced her to bitcoin, she initially expressed no interest, and you didn't press the issue. However, after doing some research on the currency, she returned to you and expressed interest. Then, since you did not urge her to invest again, if anything occurs or the price of bitcoin drops and she is unable to sell it when she anticipates, she won't hold it against you. As a result, there won't be any friction between the two of you.

And once more, when you are introducing someone to bitcoin, make sure they are a well-informed and educated person because some people are difficult to understand. Some people will invest their money in bitcoin because they believe they will profit from it if they do so after you explain what it is. However, not everyone can invest in bitcoin because it is a type of investment that you must be capable of doing in order to do so.
Bitcoin investing is like any other: you must understand the risks. Your description of the possible family tension is accurate. Investment tips can improve or weaken relationships. Its fine to introduce someone to Bitcoin, but trying to encourage them to spend before they realize its volatility is perilous.

The person's mental capacity is crucial. The complexity of Bitcoin can mislead even experienced buyers. The fundamental technology, market manipulations, regulatory news, and economy-wide factors affect its behavior, not just price movements. This can be like delving into a complicated book for a beginner.

While caution is necessary, Bitcoin's immense potential should not be overlooked. Its about changing how we think about money and value transfer, not just making money. Its a dance between fear and acceptance - you must enter with your eyes open and feet planted.

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September 05, 2023, 03:33:08 PM
 #147

It will take at least two years for your mother to learn all the advantages that can be obtained from investing in Bitcoin. Your mother's interest in wanting to invest in Bitcoin is 10% from your invitation two years ago and 90% from her curiosity about your invitation. Imo.

At first he didn't realize the potential that could be generated from investing in Bitcoin, after you asked him to invest, he started learning little by little about Bitcoin. Now that he is mentally prepared, of course his decision is based on an understanding of all the risks that could occur. Guide your mother to become a successful investor, her confidence will make it easier for her to be independent in investing even when you are not by her side.

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September 05, 2023, 10:20:01 PM
 #148

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.
When you talk more about the attractive part, then you are getting everything wrong. Why will you talk more about the attractive part just to encourage people to invest in bitcoin? What if things go wrong after investing, and those people to whom you introduce bitcoin don't know about the necessary things they need to know about bitcoin? Because you want someone to invest in bitcoin, that doesn't mean you won’t tell them the facts, you have to tell them that they can lose money in bitcoin investment. You shouldn’t just focus on profit alone in case if loss comes in, they won’t be surprised or disappointed.
 
Some people have been brainwashed, and they don’t even know they can lose money after investing in bitcoin. They have the belief that if they invest their money in bitcoin immediately,  they will be in profit, so whenever they invest and they notice there money is reducing, they will start tagging bitcoin as scam and they will blame the person that introduced them to bitcoin and might also tag the person as a scammer.

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September 05, 2023, 10:37:09 PM
 #149

-snip-
Some people have been brainwashed, and they don’t even know they can lose money after investing in bitcoin. They have the belief that if they invest their money in bitcoin immediately,  they will be in profit, so whenever they invest and they notice there money is reducing, they will start tagging bitcoin as scam and they will blame the person that introduced them to bitcoin and might also tag the person as a scammer.
Losing money just because they sold it, if they didn't sell when the price dropped then there would be no loss.
And about being brainwashed maybe they don't know any risks that will occur in Bitcoin investment.

They really have to learn fully in order not to lose money on Bitcoin easily. Just need to hold and profits will come.
Some people start to dislike Bitcoin because they have been harmed by Bitcoin, of course, it becomes a negative view of Bitcoin because of the lack of education on how to invest well and what the risks are.

Bitcoin has great potential to grow after a bear market like today, and when that time comes then those who say that bitcoin is a fraudulent investment or something like that will understand that they don't have any knowledge about Bitcoin.

R


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September 05, 2023, 11:59:11 PM
 #150

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.
It is pretty true. We just need to share necessary information about Bitcoin. And we must tell all the facts of it, don't preach someone based on our own opinion. Show the positive and negative sides, too. So, when he/she realizes the advantage and disadvantage of it, he/she won't be so surprised. It is really important. Because if we don't tell honestly and just tell the advantage, she/he will be disappointed when she/he knows the negative side.

Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.


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September 06, 2023, 03:30:34 AM
 #151

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.

When you persuaded your mother to invest in bitcoin, I don't know what the price of bitcoin was at that time. But maybe at that time the price of bitcoin was quite expensive, and now the price of bitcoin is quite cheap. So maybe you're lucky that you and your mom haven't bought bitcoins yet, and now that your mom has agreed to invest in bitcoins maybe this is the right time. Bitcoin has a low price and will soon be halved

Apart from the potential profits of investing in bitcoin, you also need to consider the possible lose. But from your story, your mother has been researching bitcoin until she finally agreed to invest 5k. For me that's a lot of money, I hope you get profit from the investment you make

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September 06, 2023, 03:42:29 AM
 #152

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.

When you persuaded your mother to invest in bitcoin, I don't know what the price of bitcoin was at that time. But maybe at that time the price of bitcoin was quite expensive, and now the price of bitcoin is quite cheap. So maybe you're lucky that you and your mom haven't bought bitcoins yet, and now that your mom has agreed to invest in bitcoins maybe this is the right time. Bitcoin has a low price and will soon be halved

Apart from the potential profits of investing in bitcoin, you also need to consider the possible lose. But from your story, your mother has been researching bitcoin until she finally agreed to invest 5k. For me that's a lot of money, I hope you get profit from the investment you make
$5k is not such a huge amount of money, but then, its still pretty sum of money I wont be happy to lose, not going to say that investing in bitcoin come with a guaranteed profit, but then, I have my personal believe that anyone investing in bitcoin will hardly lose their money, as long as they are investing for the long term, and also not trading with the bitcoin, that is selling at a bit higher price in order to buy more back at a cheaper price, doing this is risky most especially for newbies who are yet to really understand the in and out of trading, so yeah, as long as they don't engage in this activity, chances of losing in bitcoin investment is very rare, as long as the investor invested for the long term.

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September 06, 2023, 03:55:59 AM
 #153

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.

When you persuaded your mother to invest in bitcoin, I don't know what the price of bitcoin was at that time. But maybe at that time the price of bitcoin was quite expensive, and now the price of bitcoin is quite cheap. So maybe you're lucky that you and your mom haven't bought bitcoins yet, and now that your mom has agreed to invest in bitcoins maybe this is the right time. Bitcoin has a low price and will soon be halved

Apart from the potential profits of investing in bitcoin, you also need to consider the possible lose. But from your story, your mother has been researching bitcoin until she finally agreed to invest 5k. For me that's a lot of money, I hope you get profit from the investment you make
$5k is not such a huge amount of money, but then, its still pretty sum of money I wont be happy to lose, not going to say that investing in bitcoin come with a guaranteed profit, but then, I have my personal believe that anyone investing in bitcoin will hardly lose their money, as long as they are investing for the long term, and also not trading with the bitcoin, that is selling at a bit higher price in order to buy more back at a cheaper price, doing this is risky most especially for newbies who are yet to really understand the in and out of trading, so yeah, as long as they don't engage in this activity, chances of losing in bitcoin investment is very rare, as long as the investor invested for the long term.

I would classify $5k as a huge amount of money as I am already in a poor country, but no matter what you are right, as long as you go for long-term holding, there is a higher percentage that you'll be earning profit only if you are patient enough to hold it for a few years because, checking the historical data, you've seen that year by year, the price of Bitcoin goes up, so just imagine it will still continue the trend and the cycle, so it is a sure-win situation.
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September 06, 2023, 04:10:13 AM
 #154

$5k is not such a huge amount of money, but then, its still pretty sum of money I wont be happy to lose, not going to say that investing in bitcoin come with a guaranteed profit, but then, I have my personal believe that anyone investing in bitcoin will hardly lose their money, as long as they are investing for the long term, and also not trading with the bitcoin, that is selling at a bit higher price in order to buy more back at a cheaper price, doing this is risky most especially for newbies who are yet to really understand the in and out of trading, so yeah, as long as they don't engage in this activity, chances of losing in bitcoin investment is very rare, as long as the investor invested for the long term.

Yes, however 5k is a lot of money. And when it comes to crypto investments, Bitcoin has the lowest risk of any altcoin. To be honest, I don't recommend trading for beginners, because it is riskier than holding bitcoin for a long time.

Maybe I can't recommend anything to him, and I hope he also has his own analysis with 5k to invest in bitcoin. But, maybe he can buy bitcoin in stages, so that if the price of bitcoin falls he can buy it again with the remaining money

I would classify $5k as a huge amount of money as I am already in a poor country, but no matter what you are right, as long as you go for long-term holding, there is a higher percentage that you'll be earning profit only if you are patient enough to hold it for a few years because, checking the historical data, you've seen that year by year, the price of Bitcoin goes up, so just imagine it will still continue the trend and the cycle, so it is a sure-win situation.

In my opinion, 5k is a lot or a little depending on our finances and our monthly income. But the more invest, the bigger the return, sometimes in life we ​​may need to bet for a better future

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September 06, 2023, 07:49:05 AM
 #155

I will advice such method should never be repeated, forcing her is more of putting her life at risk, it is better to introduce it then let her find reasons by herself. If there was a crash after that investments, I hope you know the health condition you would have thrown her into and the  thousands of blame that will be on your head. As new beginner, investing what you can afford to loose is the best, profit should not be the priority if one can not manage the loss when it happens
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September 06, 2023, 08:27:21 AM
 #156

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.
When you talk more about the attractive part, then you are getting everything wrong. Why will you talk more about the attractive part just to encourage people to invest in bitcoin? What if things go wrong after investing, and those people to whom you introduce bitcoin don't know about the necessary things they need to know about bitcoin? Because you want someone to invest in bitcoin, that doesn't mean you won’t tell them the facts, you have to tell them that they can lose money in bitcoin investment. You shouldn’t just focus on profit alone in case if loss comes in, they won’t be surprised or disappointed.
 
Some people have been brainwashed, and they don’t even know they can lose money after investing in bitcoin. They have the belief that if they invest their money in bitcoin immediately,  they will be in profit, so whenever they invest and they notice there money is reducing, they will start tagging bitcoin as scam and they will blame the person that introduced them to bitcoin and might also tag the person as a scammer.
Precisely. Stating those positive things only is like deceiving them. They will be attracted to invest and expect to get profits, but when opposite happens, then they will start to attack you and blame you for giving them wrong information. That’s exactly the reason why I don’t chase people to invest in bitcoin. Although I believe bitcoin can be a life changer at some point, but it takes knowledge and exceptional skills to make it finally happen.
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September 06, 2023, 08:58:53 AM
 #157

it is very difficult to convince someone if they don't know about it, especially when it comes to money matters until they learn for themselves and make their own decisions. This makes many people too late to realize something big in front of them and it also makes many people regret it.
Until now, I have also stopped short of actually convincing people that bitcoin is a good investment. I prefer to tell them to do their own research, so that when they're interested, they can ask me, and if not, I don't put much effort into it. Well, I have also done the same thing to other people, but they think that bitcoin is a gambling tool.


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September 06, 2023, 09:06:50 AM
 #158

It is pretty true. We just need to share necessary information about Bitcoin. And we must tell all the facts of it, don't preach someone based on our own opinion. Show the positive and negative sides, too. So, when he/she realizes the advantage and disadvantage of it, he/she won't be so surprised. It is really important. Because if we don't tell honestly and just tell the advantage, she/he will be disappointed when she/he knows the negative side.

Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.


If a person shows interest in bitcoin and needs help, then we need to do everything in our power to help him. And do not think that this is a risky purchase and a person can lose money on it, because in the end it may turn out that this person will take advantage of this opportunity much better than us. And to take the initiative, with regard to bitcoin, it is not worth it, let it be a conscious decision.

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Supianto
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September 06, 2023, 09:21:43 AM
 #159

It is pretty true. We just need to share necessary information about Bitcoin. And we must tell all the facts of it, don't preach someone based on our own opinion. Show the positive and negative sides, too. So, when he/she realizes the advantage and disadvantage of it, he/she won't be so surprised. It is really important. Because if we don't tell honestly and just tell the advantage, she/he will be disappointed when she/he knows the negative side.

Sure, when it is about the decision to invest or not, let he/she decides it him/herself. We mustn't force someone to invest in Bitcoin, even she/he is our family member. Bitcoin investment isn't only about potential profits, there is a possible losses and risks as well. If we force someone, he/she will blame us when there something bad happens in the future.


If a person shows interest in bitcoin and needs help, then we need to do everything in our power to help him. And do not think that this is a risky purchase and a person can lose money on it, because in the end it may turn out that this person will take advantage of this opportunity much better than us. And to take the initiative, with regard to bitcoin, it is not worth it, let it be a conscious decision.

Well, it's still kinda risky, and you should say that before making someone buy Bitcoin. It's always better when you DYOR, and we should teach others to do the same.
Etranger
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September 06, 2023, 09:29:26 AM
 #160

Putting pressure on someone does not lead to good results. A person must understand for himself that investing in bitcoin is a great advantage, he must want it and look for ways to learn it himself. People do not appreciate when they receive something from others without putting in their own effort. And even more so, they don't appreciate when they are forced to do something, even when they like the result in the end. Gratitude from such actions is definitely not to be expected.

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