presuring someone into Bitcoin investment

[G_Besar]

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

In analogy, this is true, because when someone wants to do a job without any coercion from other parties, he will definitely be very comfortable doing it and will accept every consequence. However, profit will remain his priority because that is the main goal that must be achieved after going through several things before it is achieved, because the problem of losses that might occur in his work is clear to him and he is also definitely ready to face it.

Coercion of any kind is not good, but it also won't affect someone's life if the work is for the crypto space or Bitcoin. Because those who have wise thoughts, of course have thought about the risks that could occur so that they will be sufficiently prepared for this and will not be surprised when it comes to them, and their health will also be well maintained.

[Rockstarguy]

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.

How do you intend to help one to trade?? Is by telling the person what to do in trading or you take the trading upon yourself by trading for the person and what if the trade don't come out with a good result,  what will be the expectation of the person.  You can decide to share some trading knowledge with the   person,  the persons interest on trading should trigger him/her to go further to get to more knowledge. I don't really buy the idea to help a beginner to trade rather it is better to share helpful tips that can the person to trade.

[Blitzboy]

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

In analogy, this is true, because when someone wants to do a job without any coercion from other parties, he will definitely be very comfortable doing it and will accept every consequence. However, profit will remain his priority because that is the main goal that must be achieved after going through several things before it is achieved, because the problem of losses that might occur in his work is clear to him and he is also definitely ready to face it.

Coercion of any kind is not good, but it also won't affect someone's life if the work is for the crypto space or Bitcoin. Because those who have wise thoughts, of course have thought about the risks that could occur so that they will be sufficiently prepared for this and will not be surprised when it comes to them, and their health will also be well maintained.

Decentralized banking and Bitcoin, in particular, are based on the idea of voluntary involvement without coercion. Most people who enter the cryptocurrency market do so after thoroughly weighing the benefits and hazards. Lack of compulsion does not, however, imply lack of influence; false information, irrational exuberance, and market manipulation can all still be at play.

Although your emphasis on "wise thoughts" and readiness is important, it does not provide protection from systemic vulnerabilities. For instance, few individual users could have anticipated the risk that led to the Mt. Gox disaster. As a result, while each player must take responsibility for their own actions and results, everyone involved must work together to protect the ecosystem against fraud, hacking, and false information. Even in the crypto space, nobody is an island.

[JunaidAzizi]

I don't know, how you see it.

The decision of your mom is right. You can't force anybody to be involved in Bitcoin to make an investment in Bitcoin. It A human nature not to believe until they do their own analysis, In this case, your mom first does not accept but when she hears from another person she believes. Bitcoin needs consistency and patience if you force someone then maybe he will work for just one or two days and then he will be bored because you force him to do this instead if you tell them nicely what is bitcoin, how it works, its benefits and also your profits are taken from bitcoin then I think your words will effect on him and will start some research on bitcoin and at last he start investing in bitcoin.

[tjtonmoy]

Create the seed of curiosity in their mind. Never put pressure. Once they try it out on their own, they will understand the value of it. We humans have been like this since the beginning. Curiosity creates the idea to explore and by exploring, we learn new things. When people pressure us to do something that we have no idea about, we tend to avoid it as much as we can. But when we explore that on our own, we get attached to it more than others.

Curiosity is the best choice to teach someone about something. Let them do it on their own and if they get stuck at some point, then you can teach them. Otherwise, all your effort will be for nothing.

[ChiBitCTy]

People shouldn't be pressured in to doing anything other than being pressured to "do their homework".  As a financial advisor I'm constantly pressuring people to simply look at their financial situations and do homework on investments and things of that nature, never pressuring them to take action to purchase anything, but simply taking that action to see if purchasing investments made since for their situation.

I'm glad things worked out for your Mom in this sense.

[Wiwo]

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.

Losing money while investing in Bitcoin is very hard to happen,  and unless you choose to sell your Bitcoin while the price is at the bottom is the only way to lose with bitcoin,  but as long as you hold your Bitcoin as an asset you lose nothing and you stand the chance of gaining from your Bitcoin holding on the long term so this is one thing we must all have to come to term with.

Putting $5k into Bitcoin may not mean much depending on the financial level of the investor,  but also note that of 5k is properly held, it could give some satisfying return in the long run.

[Ale88]

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 I found out about bitcoin I told some of my friends what it was and why I was going to invest, I simply told them that it was well worth taking the risk but no one decided to invest. The main reason was because they didn't want to spend time doing the researches I did and trying to understand better why I was investing in bitcoin. I'm still in touch with them and sometimes we talk about cryptos, they deeply regret not investing when I told them to. But everyone is different, I don't blame them, and I would never push anyone to invest in bitcoin, I don't want to have any kind of responsibilities.

[Z_MBFM]

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.

Especially women are not quick to decide to invest money on anything. Because they are very afraid of investment. And two years ago people were not as aware of Bitcoin as they are now. Although then there was a golden opportunity to make big profit. Your mother also missed that opportunity. Our mothers are mostly older women so they are less aware of technology and therefore it is not possible to explain these things to them very quickly.

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.

It is great to hear that your mother has agreed to invest in Bitcoin and has invested a large amount like $5k in it.  First investment $5k is a HUGE investment.  But you should buy a hardware wallet for your mom.  And hold the bitcoins there.  Because she is new here and she has a large amount of bitcoins so they are too risky for her now. She invested in Bitcoin because you explained to her the benefits of Bitcoin, so make sure that he doesn't become a victim of hacking and create a negative perception of Bitcoin.

[bitterguy28]

Create the seed of curiosity in their mind. Never put pressure. Once they try it out on their own, they will understand the value of it. We humans have been like this since the beginning. Curiosity creates the idea to explore and by exploring, we learn new things. When people pressure us to do something that we have no idea about, we tend to avoid it as much as we can. But when we explore that on our own, we get attached to it more than others.

Curiosity is the best choice to teach someone about something. Let them do it on their own and if they get stuck at some point, then you can teach them. Otherwise, all your effort will be for nothing.

and that is by sharing our success in crypto(though we also need to tell them about failure and potential losses) yet this will trigger them to dig deeper about how and why there is a possible profit in this.
and how and why they need to trust investing their money inside crypto.

for how many years that we are already gaining(with losing of course) here in this market.
i think it is the time for them to try it out as well.

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

we have no rights to push everyone specially in a very risky but profitable place or market such crypto.
so what we need to provide is Idea and knowledge and it is for them to dig out.

mature and understandable people will surely be lure by us telling those .

[Trawda]

I see that the behavior your mother took is logical and natural. You cannot come to someone and tell him to give me a huge sum of money to invest in something unknown! This is illogical!

Bitcoin is unknown to your mother so she did absolutely the right thing and did her own research before investing in something unknown to her.

[hasanwajid]

It is unethical to pressure someone into making an investment, including one in Bitcoin, and it can have unfavorable effects on both parties. Instead, the following ethical principles should be followed if you want to offer guidance or information on Bitcoin or any other investment:

Educate, Don't Pressure: Instead of putting pressure on someone, give them instructional materials regarding Bitcoin and cryptocurrencies. Describe the dangers and potential benefits involved. Encourage them to do their homework and choose wisely.

Share Your Experience: If you have any firsthand knowledge with Bitcoin, feel free to talk about it with others without trying to persuade them to invest. Talk about your experiences, the hazards you have faced, and how you have handled those risks.

Prior to discussing investments, be aware of the other person's financial objectives, level of risk tolerance, and time horizon for making investments. Everyone may not be a good candidate for bitcoin, therefore investors should make judgments based on their circumstances and goals.

Promote Diversification: Stress the value of having a diversified portfolio of investments. The asset class of bitcoin should be viewed as merely one of many. Risk reduction may be aided by diversification.

Respect Their Decision: If someone makes the decision to forego investing in Bitcoin after carefully reviewing the information you have provided, respect their decision. Each person has a distinct financial status and level of risk tolerance.

Beware of Scams: Make sure the person you're speaking to is aware of typical cryptocurrency scams and how to defend themselves from unethical practices. Being cautious is crucial given the prevalence of scams in the cryptocurrency industry.

Consult a Financial counselor: Encourage them to speak with a knowledgeable financial counselor or investment specialist who can offer them individualized guidance based on their unique situation. They can get expert advice to help them make wise selections.

Stress the importance of having a long-term perspective while making investments in cryptocurrencies like Bitcoin. Price swings over short periods of time are frequent, and losses might result from panic selling.

Avoid Using High Pressure Sales Techniques: Never use high pressure sales techniques or manipulation to get someone to make an investment. Such methods can damage your relationship with the person and foster mistrust.

Moral Conduct: Keep in mind that moral conduct is crucial in financial problems. When talking about investments, it's critical to uphold the trust of others because your reputation is crucial.

In conclusion, always approach a conversation about Bitcoin or any investment with empathy, knowledge, and respect for the other person's decisions. Encourage them to make well-informed choices in line with their financial objectives and risk tolerance while being aware of the potential downsides of investing in cryptocurrencies.

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[fruktik]

The decision of your mom is right. You can't force anybody to be involved in Bitcoin to make an investment in Bitcoin. It A human nature not to believe until they do their own analysis, In this case, your mom first does not accept but when she hears from another person she believes. Bitcoin needs consistency and patience if you force someone then maybe he will work for just one or two days and then he will be bored because you force him to do this instead if you tell them nicely what is bitcoin, how it works, its benefits and also your profits are taken from bitcoin then I think your words will effect on him and will start some research on bitcoin and at last he start investing in bitcoin.

I personally had a negative experience of communicating with people when I told them about Bitcoin and other crypto projects. At that time, they considered me a fraudster who was trying to deceive them. This happened several times. Since then, I haven't told anyone. People should make their own decisions without the intervention of others.
It's a pity that I went through such a process, and maybe it's all for the best. There is also some experience here.

[Bd officer]

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.

Anyway, your mom finally invested in Bitcoin. At first your mother didn't understand Bitcoin well, didn't agree to invest in Bitcoin for the first time. By the way, did your mother invest all her money in Bitcoin? Not all money should be invested in Bitcoin. Your mother has little idea about Bitcoin, maybe not even a good idea about wallets. So you should let your mother store bitcoins in a good wallet.

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.

Op, the way you gave your mother the idea of ​​Bitcoin. Now if you go to give ideas to others in the same manner, he may not understand. Because, not everyone will understand Bitcoin in the same way. To give someone an idea about Bitcoin, one must discuss the negative and positive aspects of Bitcoin. Investing in Bitcoin is risky, risks must be discussed.

[peter0425]

I see that the behavior your mother took is logical and natural. You cannot come to someone and tell him to give me a huge sum of money to invest in something unknown! This is illogical!

and yet being asked here, this is not  as something as OP might do.

pushing others to invest in something you don't understand and know is something suicidal for me.

Bitcoin is unknown to your mother so she did absolutely the right thing and did her own research before investing in something unknown to her.

well "MOTHERS KNOWS BEST" so yes it is a best step for every parents to ask and do for their future, as the family is the first from them.

[Dunamisx]

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.

How do you intend to help one to trade?? Is by telling the person what to do in trading or you take the trading upon yourself by trading for the person and what if the trade don't come out with a good result,  what will be the expectation of the person.  You can decide to share some trading knowledge with the   person,  the persons interest on trading should trigger him/her to go further to get to more knowledge. I don't really buy the idea to help a beginner to trade rather it is better to share helpful tips that can the person to trade.

We can agreed to help someone through a process but also they will have to develope interest in going through the process of what we are bringing to them to make the whole thing a perfect job well done, there's nothing too big about learning something new, we can trade or do other things we so wish with bitcoin, but we should never forget that there's always a demand for everything we do in cryptocurrency, this is why it is required of us to go through the normal procedure in acquiring the best deserving knowledge for it.

[Tamaperdana]

Memotong

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 point should be like that. Because if someone tries to persuade or invite someone to invest in Bitcoin, there should never be an element of coercion or providing direct understanding in high doses. Because the understanding/material that is given suddenly and at length usually will not be absorbed properly by the listeners.

Because, for example, you feed someone rice, but you give too much or too much rice. Surely the person will not be happy, but what will happen is that the person will choke, vomit and the person who was given the rice will definitely be angry. So that's what will happen too, if we give the understanding, the knowledge, about Bitcoin too directly or too directly to anyone. The results could actually be less than good.

So start slowly, and don't immediately start the debate with something that is difficult or too long. Because inviting someone to invest in bitcoin is not as easy as inviting someone to invest in gold or property. That's because bitcoin is still unknown to many people.

[Lorence.xD]

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.

How do you intend to help one to trade?? Is by telling the person what to do in trading or you take the trading upon yourself by trading for the person and what if the trade don't come out with a good result,  what will be the expectation of the person.  You can decide to share some trading knowledge with the   person,  the persons interest on trading should trigger him/her to go further to get to more knowledge. I don't really buy the idea to help a beginner to trade rather it is better to share helpful tips that can the person to trade.

We can agreed to help someone through a process but also they will have to develope interest in going through the process of what we are bringing to them to make the whole thing a perfect job well done, there's nothing too big about learning something new, we can trade or do other things we so wish with bitcoin, but we should never forget that there's always a demand for everything we do in cryptocurrency, this is why it is required of us to go through the normal procedure in acquiring the best deserving knowledge for it.

By giving them the idea to find opportunity into Bitcoin is already considered as helping, but it shouldn't be like a spoon-fed where almost every move and decisions are still up to you since you are more knowledgeable and you're the one introduced them into Bitcoin. It would really depends on the person if it picks their attention and interest if they would put effort to really understand what you meant by introducing BTC. Process is really important cause without that probably they wouldn't learn anything especially the experience that would help you in this industry. Let them learn on their own pace and their own techniques to learn I agree that tips would but almost do trade for them is not a good thing to do.

[Dr.Bitcoin_Strange]

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

There are still some people for whom, even after telling them the risk involved in a particular thing, you need to give them time to digest the information they have gotten in order to come up with a better decision. Any decision regarding an investment should not be taken so hastily. Some people will be fully aware of the investment risk, and they will go ahead and put their money into the investment. If the investment does not become successful, they will feel really bad and can face some psychological challenges. Yeah, I agree, and like I said before too, investment plans should not be forced on people so that when things go wrong, you will not really take all the blame and be tagged as someone who forced them to do what they did. There's no one who feels very ok when their investment fails and they lose their asset, so whether a person invests the amount they can afford to lose or not, it doesn't mean they will totally feel happy when they lose their investment. Although someone who has a good idea about Bitcoin before investing in it will not lose their asset if it is sold cheaply or is hacked,

[doomloop]

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.

Basically, it is never recommended thing to approach someone and ask them to make investments in Bitcoin or cryptocurrencies. You can make suggestions, and give them knowledge about them, but you should never encourage them to make any investments because as you said, if investments they make because you told them to do so, the blame will be on you because you are the one who encouraged them to make those investments.

This is the biggest reason why I don't like asking people to join Bitcoin or invest in cryptocurrencies because I know that even if I tell them about the risks involved if they lose money, I'll be their target for those losses. That's why I only tell people about how things work and what's good and bad about them if they ask themselves.