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Author Topic: Have you successfully influenced someone to invest in bitcoin ?  (Read 1098 times)
Asuspawer09
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May 05, 2024, 07:30:40 PM
 #41

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?

I did in my early days on cryptocurrency I did influence someone to invest in cryptocurrency and become a trader, he was my friend before in college and we really had a good time on cryptocurrency, since I told him about it we kinda get interested on it and at the same time earning a huge amount on it even though we were just student that time, one thing that I seen is he was really doing the research on it that is why he was able to make a good income on it and eventually being able to do it on there his own. He was thankful for sure about it since we both didn't imagine that we were gonna be able to earn that kind of amount at that time.

Telling someone about cryptocurrency and being able to help them was surely a good feeling, but I realize that you shouldn't really encourage people to invest in Bitcoin since it's going to be a risky investment for them, What I usually do is tell them everything that would discourage them on investing, and after that, if they still wanted to invest I will tell them that they should do it on there own not investing their money on someone that they know to invest for their money. If they really wanted to they should be the one that are going to grind, do the research, learn about cryptocurrency, learn about Bitcoin, etc.


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May 05, 2024, 07:55:47 PM
 #42

I did influence a friend, who later became a hodler. He bought bitcoin close to a year after me and holds most of it to this day. AFAIK owns around 10 BTC.
He never really thanked me for that but acknowledged it in a way because we talked about it a few times and he was happy how bitcoin turned out and I reminded him who told him about it and that prompted him to respond that he's happy we had this conversation back then blah blah blah, so I guess that could be compared to a thank you.

I wonder how the conversation you guys had after the investments would be if his investment hadn't worked out.  Grin

That would make you feel super awkward even to meet him or initiate a conversation about Bitcoin, whenever you were around that friend, you would hope and wish that no one should mention cryptocurrencies or Bitcoin because that would remind him of his investment and that you were the one who suggested it to him.

These are the things that make me refrain from doing such things because even though I know Bitcoin and cryptocurrencies can be profitable in the long run, I also understand the risks involved and that if someone becomes a reckless investor or trader, the blame would be on me since I was the one bringing them to it in the first place.

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May 05, 2024, 08:31:00 PM
 #43

I like the way you specified the question asking whether someone among us influenced someone else to invest instead of saying requested to someone else to invest in gambling.

Yes, I have introduced my closest friends through the past years to the bitcoin world, I kept talking to him on how amazing and different the transactions happen in bitcoin and how easy they process compared to the traditional banking procedures. I have been talking to him about bitcoin ever since I got profits from it, I didn't intend to influence him or make him do the same things I do or even advise him about bitcoin as a piece of financial advice, but because we hang out frequently together he got influenced by that world.
He ended up investing in bitcoin all by himself and got some profits from it too. It honestly made me happy about it because I could give a good image and a healthy influence to a friend.

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May 05, 2024, 08:53:50 PM
Merited by Jegileman (2)
 #44

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
I can’t really remember if I have asked anyone to invest in bitcoin before, I hardly relate with people, but I know multiple people have come to meet me and asked me to teach them about bitcoin, and I did. I told them everything they are supposed to know, and in case anything happens to their investment, they shouldn’t blame me for that, they should invest any amount they can afford to lose so that in case anything happens, it’s not really going to affect them. But I don’t really think I have walked up to anyone before asking them to invest in bitcoin.

2. I would get blamed if they loss.
If you are introducing anyone to bitcoin, you don’t have to force them to invest, allow them to conclude that they want to invest, and make sure you tell them how risky bitcoin investment is. You shouldn’t be emphasizing on the profits that they can make alone, you should let them know that they can lose money too, so they should invest any amount they can afford to lose, and they should invest at their own risk.

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May 05, 2024, 08:53:53 PM
 #45

I have explained to many of my closest friends to invest in Bitcoin. I can't recall exactly how many of them invested, but I assume 30% were convinced to invest, and I managed to secure Bitcoin for them to buy. A few of my friends were easily convinced when they saw my success. A few of them refused, and they think it's out of reach now. I tried to convince them about reality, but they weren't interested. For me, I don't want to force anyone. I often explain positives and negatives as well. I am not ready to hear any blame later in case Bitcoin gets dumped. I can just share the potential of a Bitcoin investment, including potential risk as well. 
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May 05, 2024, 09:12:09 PM
 #46

I asked some of my friends to buy Bitcoin last few years but there were few people who took my word positively but most of them were not willing to take such a big risk by investing there. But eventually my success and the rise in the price of Bitcoin made it very attractive to those friends. They come to me and know it intimately. I made it clear to them at that time that there is no guarantee that there will be only profit in the investment. Losses are also a possibility. I also shared the negatives with them so they wouldn't blame me later. I can advise a person but not willing to risk his investment.

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May 05, 2024, 09:24:33 PM
 #47

Until now I'm not sure that I was successful in recruiting anyone to bitcoin because I feel that even though it's very good to introduce bitcoin to some of the closest people but suggesting a situation that is a little complicated for them without any confidence that they have is obviously going to burden us ourselves so I just gave a little advice to some friends or closest people whether they want to be here or not it's up to them I don't want to go further so I don't know if it's a form of success or not.

I in the last few years just focus on myself to make me better so when people ask me about bitcoin then I will answer as much as I can but I never give advice very explicitly that someone should be in bitcoin because I think it is not in my qualifications because I am too afraid to be responsible for the recommendations that I give to some people who sometimes just want to be told but do not want to learn more and just hope to continue to be guided to do something.

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May 05, 2024, 09:38:14 PM
 #48

Taking someone into Bitcoin investment can be a bit tasking especially when the person initially has no knowledge about Bitcoin, then you begin to start explanation form scratch, and if the person is slow learner you'll have to dedicate more time and effort in explaining to his understanding. But the process is nothing compared to when the person begins to take the learning really serious and make his first investment and then keep a good healthy investment and accumulation. There is this joy that you feel after getting all the result from your guidance.

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May 05, 2024, 09:46:54 PM
 #49

Have you successfully influenced someone to invest in bitcoin ? 
The evidence of my success in bitcoins has been able to convince a few people to invest in bitcoins after them asking me what I am into.When there is good evidence results of the benefit of something, you barely need to talk much because your results will do all he talking and convincing.

My results have been successful in convincing a few persons around me.

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May 05, 2024, 09:59:01 PM
 #50

So far I never introduce anyone about Bitcoin, so the answer is I don't know if I'm capable to convince someone to invest in Bitcoin and don't know what they will do after they invest in Bitcoin.

Teach someone about Bitcoin have many drawbacks:
1. Ruin my privacy.
2. I would get blamed if they loss.
3. Wasting my time and effort.
Surely, this will happen if you happen to influence someone to invest in bitcoin. Aside from its giving you a headache everytime his investments never work, it will also create a pressure on you since he might end up putting all the blame on you, as he invest not because he’s knowledgeable and ready to take the risk, but because of the greed to gain instant profits that develops while you are in the process of influencing him to finally invest in bitcoin. This is the reason why I don’t want to convince or influence someone to take the risk investing in bitcoin, not now and even in the future.

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May 05, 2024, 10:24:14 PM
 #51

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?

when I started in this industry, I never had anyone tell me to invest in Bitcoin, because of course I didn't want to be told. Because in our time today, you don't say anything or you don't even know someone who says something that is not nice. What if you see something like that that you can blame in the end.

So, For me, it's better that each individual do their own research on this matter of Bitcoin. After all, it's free to learn about Bitcoin before investing in it.



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Rainbot
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May 05, 2024, 10:37:46 PM
 #52

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
I haven’t, and I never will. A friend knowing that I know a lot about cryptocurrencies once asked me if they should invest and I reiterated the ideology of Bitcoin over again to them and told them the risk if they wanted to invest. I don’t think it’s wise to advise anyone to invest in such a volatile market. You have no clue how much they take your word for it and may even invest their life saving.
The way you sounded—you can't and will never—is very serious. I know it's not good or safe to give financial advice or decisions to others, but that does not mean we shouldn't ever do it.
 
There are times when we can make an exception, teach those who really need it and understand the risk involved, and from there they can make their own investment rather than pushing them away as if Bitcoin is entirely the wrong choice of investment.

R


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May 05, 2024, 11:01:35 PM
 #53

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
Although I have known about Bitcoin for more than 2 years, I myself came to know about Bitcoin from a friend of mine. I thank that friend of mine, because of him I came to know about Bitcoin today.

After that I only introduced Bitcoin to my closest friends, I shouldn't tell all my friends about Bitcoin. Because Bitcoin is still illegal in my country, so if I tell everyone about Bitcoin, I might be in danger. However, I only told very close friends about Bitcoin. In 2023 when the price of bitcoin was like 25-30k dollars, I told a friend of mine about bitcoin, he bought bitcoin instead of buying an iPhone on my words, he is currently in a lot of profit. That friend of mine sometimes contacts me and thanks me. Hope my friend can make more profit in future.
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May 06, 2024, 01:11:42 AM
 #54

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?

when I started in this industry, I never had anyone tell me to invest in Bitcoin, because of course I didn't want to be told. Because in our time today, you don't say anything or you don't even know someone who says something that is not nice. What if you see something like that that you can blame in the end.

So, For me, it's better that each individual do their own research on this matter of Bitcoin. After all, it's free to learn about Bitcoin before investing in it.
I understand what you feel. I always encounter people like this but I am handling it nicely. First I am giving a disclaimer just in case they want to invest in Bitcoin.
I am answering what questions they asked that I know, I also share what I did before and my own experience.
To answer the OP's question, my answer is I don't know on som people if they really invested, because I already told a lot of people, some already tried and they are just silenced?

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May 06, 2024, 03:02:41 AM
 #55

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
Influencing someone to successfully follow what we suggest is not easy. We should be able to explain everything we know about Bitcoin. They must also have a desire to know more about Bitcoin before they are willing to invest in Bitcoin. I have introduced Bitcoin to several people close to me but only two or three people really want to follow investing in Bitcoin. It is not easy to convince them to want to invest, especially since they are still trying to meet their daily needs. The result is that those who invest in Bitcoin have felt the benefits even though they don't have a lot of Bitcoin. At least, they can see that their profits are starting to increase.
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May 06, 2024, 05:07:35 AM
 #56

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
Yes, a few of my friends from college, and right now some are doing well with their own investments or the things they are doing in crypto currency, not just bitcoin. Bitcoin is just a mere start for them to explore more beyond bitcoin and to utilise other currencies or projects that have the potential to give them a good amount of profit or return. Yes, of course. As a matter of fact, because I influenced them, we are now sharing different things or knowledge about crypto currency; we share everything. For instance, if someone sees a project or ways to earn in crypto, then we will all help each other in order to also earn and gain from it. It is the best feeling if you know someone who has the same interest or field, because you will have a companion that you could be with, but of course I only pick those who have the will and guts to learn about crypto currency.

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May 06, 2024, 07:00:33 AM
 #57

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
Interesting question! While it's common for people to share their experiences and advice about investing in Bitcoin, it's important to remember that investing always carries risks and outcomes can vary greatly. While some may have success stories to share, it's crucial to approach investment decisions carefully and do thorough research. It's also important to consider the individual's financial goals, risk tolerance, and overall investment strategy. Encouraging someone to invest in Bitcoin should come with a responsible approach, emphasizing the importance of informed decision-making. What are your thoughts on this?
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May 06, 2024, 02:21:58 PM
 #58

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
Before we advise someone about crypto investment, we must understand the risks that occur when investing, Actually, investment is good, but the risks that will occur must also be taken into account to prevent major losses for the investment. Choosing the type of crypto to invest is also a real goal.

In general, I have shown how to invest in Bitcoin, but I have never suggested that they do so. but I only provide information on how to invest, of course I pass on all the risks to the user, in essence before I teach them to invest, I teach them the risks first.

R


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mirakal
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May 06, 2024, 03:28:29 PM
 #59

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?

I haven’t, and I never will. A friend knowing that I know a lot about cryptocurrencies once asked me if they should invest and I reiterated the ideology of Bitcoin over again to them and told them the risk if they wanted to invest. I don’t think it’s wise to advise anyone to invest in such a volatile market. You have no clue how much they take your word for it and may even invest their life saving.
Exactly. That’s why I don’t and I will never intend to influence the people around to invest in bitcoin, as they might blame me in the long run when things don’t work for them even if it works for me. Bitcoin is highly volatile, and not everyone will be able to manage its volatility and uncertainty, they might be seeing good at it at first, but when price drops drastically, I’m afraid they won’t be able to control their emotions and just jump to panic selling which is definitely a wrong turn for them.

However, I’m more open on educating them about bitcoin, ask me what I want and I’d be willing to answer, but when it comes to convincing them to risk their hard-earned money into bitcoin, that’s always a red flag for me.

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May 06, 2024, 03:45:01 PM
 #60

Have you successfully influenced someone to invest in bitcoin ?  What was the final result, did they thank you later for this ?
Why I would want to do something like that? Talking about bitcoin in general is OK, but trying to influence someone else to invest in bitcoin will only bring you trouble, because if that person was not ready to invest or was not interested on the topic, and they lost money because of the advice you gave them, you can be sure you will be blamed for those losses, but even if they earned money this will be a problem, as now they will become dependent on your advice and they will look for you whenever they face a difficult situation.
That’s more of a hassle on your part, as they might see you as an expert and confront you every time they’re in trouble, when in reality there’s no such experts when it comes to predicting the future of bitcoin. However, another thing also why I don’t want to influence someone to invest in bitcoin because I know bitcoin itself will really test your patience, and it’s not everyone is patient enough to stay calm and relax while seeing bitcoin price continue to plummet.

Bitcoin is highly profitable compared to other crypto assets, but it’s not all the time that bitcoin will offer us profits,  there’s always its inevitable losses that sometimes are hard to accept most especially if we end up investing our lifetime savings.

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