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Author Topic: The reason why you shouldn't force someone to invest in bitcoin.  (Read 469 times)
Kristiyana (OP)
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May 04, 2024, 10:00:03 PM
 #1

The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?

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May 04, 2024, 10:23:35 PM
 #2

You see, forcing anything or something on someone is not a good idea or expect that it will result in a bad outcome, and in terms of bitcoin or crypto, imagine you persuade someone you know, a colleague, friends, or family to invest in bitcoin even though they don't want to or have no knowledge about it. What do you think will happen? Of course, expect that the person you force to do something he doesn't know will surely lose their money and may have a negative impact. That's why it is important to only share what bitcoin is and what it can do for someone, and if they have shown interest, then that's good. That's when you can guide them and help them understand bitcoin even more. Thats why I only share about what bitcoin is and how it can help someone without trying to overshare and make them want to know or do bitcoin just because I boost too much about bitcoin.

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May 04, 2024, 10:33:02 PM
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 #3

The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?
If I'm not mistaken, I think I've read stuffs patterning to this similar subject here on several occasions, but all the same.

It's actually not right to force any body to invest in bitcoin, as one of the biggest disadvantage is that, when bitcoin fails to perform to their expectations, you be the one the shoulder all the blame, when they are scammed due to their own negligence, they silently blame you for bringing them into crypto to lose their money, some even may suspect you for being the mastermind to their misfortune.

Another disadvantage is that, you become a babysitter, you will have to shoulder your problems and shoulder theirs too, you will have to figure out the solution to your problems, and figure out solution to theirs too, the thing is, you possibly may no longer have to have a life of your own anymore, they can call you up at anytime for help, and if you refuse, you become a bad person.

Never force anyone into doing what you are doing, if they see and like it, allow them to work hard for their own knowledge, only assist at your convenience, and never allow them get too attached to you, let them to understand the importance of being independent in this industry without telling them, that is, let your actions do the talking.

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May 04, 2024, 10:34:47 PM
 #4

The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?

@OP, looks like you are preparing for a project presentation or something? You should have gone ahead to drop your own opinion first based on what was stated on your topic title, "The reason why you shouldn't force someone to invest in bitcoin."

Anyways, the reasons are simply. Bitcoin is a volatile assets and if you force someone to invest into Bitcoin and the market becomes volatile and reducese the investors capital, they will blame you for their loss, peradventure if the person decides to take a legal action against you, you might loss the case because you actually force them to invest into Bitcoin against their own will.

If you want someone to invest into Bitcoin, only teach them what Bitcoin is and also give them some Bitcoin materials to guide them and after they are satisfied with what they learn, they will make their own decision either to invest or not.

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May 04, 2024, 10:38:06 PM
 #5

All your questions are similar and I don't know It lacks something.
Well you bear the brunt for their loss
If any mishap occur you become who they blame and investments been quite risky always has its decline moment
This period that there's a fall in the market can not only make you bear the brunt of the loss but can jeopardize your relationship with the individual.
Why should you force anybody to do anything especially an adult
They free to make their own decisions and face the corresponding consequences
If I do introduce Bitcoin I never add it would make you rich or grant you huge profit
I usually tell them it's an asset worth holding especially towards inflation in the long run.
In a nutshell, if you force a person to make a decision you would be accountable or responsible for any results that ends up coming.

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May 04, 2024, 10:53:47 PM
 #6

The reason why you shouldn't force someone to invest in bitcoin?
Because I don't want to be a burden when the price goes down he keeps asking “when it goes up” so I won't force anyone to invest in bitcoin.

Did you think is good to force someone to invest in bitcoin?
Yes, if I think it's a GOOD thing, but they sometimes think bitcoin is bad, or a get-rich-quick scheme and are impatient in waiting for prices to rise.

What is the disadvantage of forcing someone to invest in bitcoin?
When he has invested on my advice, then when the price becomes bearish and he is upset because the price continues to fall then it will be our loss not about financial matters but rather, his complaints will continue to come and be responsible for us.

Did you really think the person is ready to bare the risk that is involve?
We should be ready to take risks, but sometimes people who are new to investing will be excluded.

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May 04, 2024, 10:59:05 PM
 #7

The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?
First and foremost, bitcoin is a highly risky investment despite of the known fact that it could put a lot of profits into your table. Hence, one should not be forced to invest in it most especially if he’s not knowledgeable and has no prior experience investing in any volatile investment. And one should not be forced only because there are good number of bitcoin investors who end up getting rich in the process.

Know that everyone of us has our own skills and interests in life. And one who works for others might not be possible to work for you as well. So always consider if the person is willing and interested to learn and invest, otherwise all your efforts on helping him and motivating him to invest will only go into waste. It’s still more advisable to let the person decide on his own which investment he’ll be more likely to invest conveniently and confidently. That way, no one will be held responsible if ever he will commit mistakes and losses in the future.

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May 04, 2024, 11:08:28 PM
 #8

Force is too strong a word. You can’t force someone to invest their money in something they don’t want to. However you can convince people that x investment is profitable. Simply telling people about the benefits of bitcoin and encouraging them to invest can have its repercussions especially when dealing with friends and family. These category of people do not care to know about the risks involved in bitcoin trading and the volatility of bitcoin as an asset. Their only concern is making profits and if that doesn’t happen then they will drag you for a refund of their money. This is something you have to deal with when introducing family and friends to Bitcoin.
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May 04, 2024, 11:16:57 PM
 #9

If I'm not mistaken, I think I've read stuffs patterning to this similar subject here on several occasions, but all the same.

It's actually not right to force any body to invest in bitcoin, as one of the biggest disadvantage is that, when bitcoin fails to perform to their expectations, you be the one the shoulder all the blame, when they are scammed due to their own negligence, they silently blame you for bringing them into crypto to lose their money, some even may suspect you for being the mastermind to their misfortune.

Another disadvantage is that, you become a babysitter, you will have to shoulder your problems and shoulder theirs too, you will have to figure out the solution to your problems, and figure out solution to theirs too, the thing is, you possibly may no longer have to have a life of your own anymore, they can call you up at anytime for help, and if you refuse, you become a bad person.

Never force anyone into doing what you are doing, if they see and like it, allow them to work hard for their own knowledge, only assist at your convenience, and never allow them get too attached to you, let them to understand the importance of being independent in this industry without telling them, that is, let your actions do the talking.

This happened to me before with my two friends forcing them to invest in Bitcoin the outcome but the outcome is good at first but when the bearish season came now they blamed me because I suggested them to hold BTC they think that I am a scammer even though I never made any profit from sharing information about Bitcoin or share affiliate link.
They don't even think that all investments have a risk and they should learn to handle the risk and I feel bad about the bad outcome and regret to spoon feed them into crypto that is why I learn that is why I always tell them the risks of crypto and they should DYOR always before they enter into crypto and I told them first they shouldn't blame me for their lost once the market price didn't perform as their expected because I already told them the risk and it's their own choice if they are going to bite or not as long as I just gave them enough information without forcing them.

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May 04, 2024, 11:31:08 PM
 #10

But if you are going to try to force them, maybe use a gun? But if you are going to go that route, consult one of the folks in the All people Should have the right to own Guns in our Society thread first, right?

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May 04, 2024, 11:31:50 PM
 #11

The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?
If I'm not mistaken, I think I've read stuffs patterning to this similar subject here on several occasions, but all the same.

It's actually not right to force any body to invest in bitcoin, as one of the biggest disadvantage is that, when bitcoin fails to perform to their expectations, you be the one the shoulder all the blame, when they are scammed due to their own negligence, they silently blame you for bringing them into crypto to lose their money, some even may suspect you for being the mastermind to their misfortune.

Another disadvantage is that, you become a babysitter, you will have to shoulder your problems and shoulder theirs too, you will have to figure out the solution to your problems, and figure out solution to theirs too, the thing is, you possibly may no longer have to have a life of your own anymore, they can call you up at anytime for help, and if you refuse, you become a bad person.

Never force anyone into doing what you are doing, if they see and like it, allow them to work hard for their own knowledge, only assist at your convenience, and never allow them get too attached to you, let them to understand the importance of being independent in this industry without telling them, that is, let your actions do the talking.

Your reasons are very clear sir, you have just said it all. in addition to what you just said earlier is not good to force someone who is not willing to invest in bitcoin, not because he don't know about bitcoin investment, just that he has chosen not to invest, deep down he has a reason for making such decision, some person might be scared of losing their money in bitcoin investment. However we need to have this at the back of our mind that bitcoin investment is  not a do or die affair is only for those who are willing to take the risk.

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May 04, 2024, 11:43:44 PM
 #12

The reason why you shouldn't force someone to invest in bitcoin?
Hmm, that's interesting!
Why shouldn't I force someone into a bitcoin investment ? The reason is simply: because of the high volitality. If I force someone to invest in it and the price goes down so he will put all the guilty on me for his loss.

Quote
Did you think is good to force someone to invest in bitcoin?
No Never!
I not in the fever of someone who just forces someone to invest in Bitcoin. Everyone has their own choice about whether they want to invest in Bitcoin or not. Because it has a lot of risk involved. Despite this, if there is no financial abuse, it is correct to force someone for the educational purposes.

Quote
What is the disadvantage of forcing someone to invest in bitcoin?
You will be considered a financial abuser, and also he will also burden you for his losses.

Quote
Did you really think the person is ready to bare the risk that is involve?
It depends on him if he knows about the risks involved in Bitcoin investment. So there is nothing to be worried about. Because risk is one of the main factors in bitcoin investment. If someone understands the risk involved, it is a good idea to encourage them to invest in Bitcoin. He will not know how to manipulate the risk. So advising or forcing him is not a bad thing, but it will be beneficial for him.

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May 04, 2024, 11:53:49 PM
 #13

It's pretty obvious why you shouldn't force someone to invest in bitcoin and I think that it's the same for almost any kind of interaction, it would also make you the bad person in the conversation because you'd get some kind of manipulative vibes and people really don't like it when you dictate what they should be doing since it's totally unhinge and stupid. Also, forcing someone to invest in bitcoin is kind of like using the same polarity of magnets, the more you try to force them then the more likely it is to go away so be careful how you do the convincing because there's a thin line between forcing and introducing. You need to make sure that you're not also that obsessed about them investing, that's creepy.



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May 04, 2024, 11:58:48 PM
 #14

The reason why you shouldn't force someone to invest in bitcoin?
If you force someone to invest in Bitcoin they may just be investing in Bitcoin to please you and to get you to stop pressuring them to invest.

Did you think is good to force someone to invest in bitcoin?
This question is already answered.

What is the disadvantage of forcing someone to invest in bitcoin?
They could blame you for everything if it does not go as expected .]

Did you really think the person is ready to bare the risk that is involve?
Even if the person you are forcing to invest in Bitcoin knows about the risk because you told them, they do not have a very good understanding of it because knowing about the risks and understanding the risks are two different things.

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May 05, 2024, 12:15:26 AM
Last edit: May 06, 2024, 07:03:51 PM by Kristiyana
 #15

The reason why you shouldn't force someone to invest in bitcoin?
Hmm, that's interesting!
Why shouldn't I force someone into a bitcoin investment ? The reason is simply: because of the high volitality. If I force someone to invest in it and the price goes down so he will put all the guilty on me for his loss.

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Did you think is good to force someone to invest in bitcoin?
No Never!
I not in the fever of someone who just forces someone to invest in Bitcoin. Everyone has their own choice about whether they want to invest in Bitcoin or not. Because it has a lot of risk involved. Despite this, if there is no financial abuse, it is correct to force someone for the educational purposes.

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What is the disadvantage of forcing someone to invest in bitcoin?
You will be considered a financial abuser, and also he will also burden you for his losses.

Quote
Did you really think the person is ready to bare the risk that is involve?
It depends on him if he knows about the risks involved in Bitcoin investment. So there is nothing to be worried about. Because risk is one of the main factors in bitcoin investment. If someone understands the risk involved, it is a good idea to encourage them to invest in Bitcoin. He will not know how to manipulate the risk. So advising or forcing him is not a bad thing, but it will be beneficial for him.

What if the person does not know about the risk that is involved in bitcoin investment Probably you keep telling him about the risk
all of a sudden he change his  mind what will you do? Will you keep forcing him to invest in bitcoin? Because there are people who is always afraid of losing their money in bitcoin investment so this set of people you don't need to force them into bitcoin investment, because if you do just have it at the back of your mind that you will be hold responsible for anything that will occur when making the investment.

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May 05, 2024, 01:20:03 AM
 #16

I can live with the idea of forcing me to invest in Bitcoin as long as the money isn't from my pocket but when it had to do with me using my hard earned money to do what I don't feel like do is a no for me. When you force someone to do something it won't be done in a proper way and things might get messy, in a case that has to do with money I think is bad because 1, the person doesn't know what he's investing on, 2 is like you're asking the person to lavishly spend his money.
You can't be too sure of having more than your investment money in Bitcoin, before leading anyone to invest in Bitcoin you'd make sure the person knows what he's getting into, things might be on the losing side when he or she start with the investment, as long as it's money I feel it won't be nice to let somebody lose his or her money knowing quite well the danger he's getting into.

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May 05, 2024, 01:52:57 AM
 #17

The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
You don't have rights and power to control other people so you can not force them to do anything you want.

You can only recommend, advise them to do things that you consider as good, promising, profitable but at the end, they make decisions and you can not force them to do the same like you.

This explains lack of power from your side to manipulate actions of others.

Another thing which is important is, you are not and should not be responsible for actions of others, so please don't force anyone to do anything. This only drags you down the mud with them and I am sure you will not be able to carry such responsibility.
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May 05, 2024, 02:15:12 AM
 #18

You should not invest in something that you do not believe in or that you believe will bring you a good return, and thus forcing your friend to invest will make him sell at a loss with the first price correction. If I were in your place, I would convince my friend to invest when the market is down and then wait for at least 10 years. The risk rate will be 1% and the probability of not getting profits is very low.
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May 05, 2024, 02:15:17 AM
 #19

Simply telling people about the benefits of bitcoin and encouraging them to invest can have its repercussions especially when dealing with friends and family. These category of people do not care to know about the risks involved in bitcoin trading and the volatility of bitcoin as an asset. Their only concern is making profits and if that doesn’t happen then they will drag you for a refund of their money. This is something you have to deal with when introducing family and friends to Bitcoin.
Total agreement with this one but encouraging is the worst offender in my opinion, someone can just stop at telling the benefits of investing in bitcoin and they'd never see those repercussions that you're talking but some people are too enthusiastic and you're right, these people don't care about the risk and the volatility of the bitcoin market because they've been in bitcoin for long that they already knew that when the price starts to go down, it's not something that will bother them because they know that the price will eventually go back up and more, but the people that they're encouraging to invest doesn't know that and they end up getting caught off guard.

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May 05, 2024, 02:56:40 AM
 #20

The reason why you shouldn't force someone to invest in bitcoin. If he didnt like about bitcoin why bother to force someone in it. I had a friend who know crypro know about bitcoin and so on.

Long story short I introduced crypto world to 4 of my friend they actually learn from it and participate in altcoin called Idena while a go, 4 of them get paid from it but after a while the idena coin has dumped in price and there is problem there and 3 of my friend decided to not touching crypto again and only one friend that still like about crypto wolrd.

Im not pushing them i just give a little about crypro about the advantage and disadvantages so the final decision is on their

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