Here are some points you could share with a friend about Bitcoin

[Padi24]

Well, I know how difficult it is to convince someone to invest in Bitcoin More especially those that vow never to invest in Bitcoin but, here are some points you could share with them to encourage them to consider investing in Bitcoin: 
 
  1. Potential for High Returns. 
  Bitcoin has shown the potential for significant growth over time. Some see it as a store of value that could appreciate much like digital gold . 
 
 2. Decentralization.
  Bitcoin operates on a decentralized network, meaning it's not controlled by any single entity like a central bank . This characteristic is believed by some to offer protection against inflation and traditional financial system failures. 
 
  3. Global Acceptance and Transferability. 
  Bitcoin is recognized and can be transferred globally, offering a streamlined way to send funds across borders without fear. 
 
  4. Hedge Against Inflation. 
  Some investors view Bitcoin as a hedge against inflation, believing its fixed supply can preserve value over the long term, unlike traditional currencies that can be devalued through printing . 
 
  5. Learning Experience and Starting Small.
  It's wise to approach any new investment with caution. You could suggest starting with a small amount that they are comfortable losing, treating it as a learning experience in a new asset class before starting with a huge amount.
 
 
However,  When discussing investments, it's crucial to be honest about both the potential, You should also,Explain the risks emphasize that the value of Bitcoin can be very volatile,  Encourage them to do their own research from reliable sources, Most importantly (diversification). Advise against putting all their funds into one asset. Once they get to overaccumulation status they should look into diversification you could suggest starting real estate if they still have enough discretionary income to do that or other related investment that seems promising and reliable to avoid one particular point of failure.

[knowngunman]

Rule No. 1: Never try to convince anyone to invest in Bitcoin or any cryptocurrency unless they come seeking for advice.

Rule No. 2. Do not take side when explaining to them. Make it fair, do not favour only the positive side in your explanation. In fact, put much emphasis on the negative side.

Rule No. 3. Let them do personal research and decide for themselves.

Bitcoin is not longer in the darkness. It already gained enough exposure that we don't need to persuade people to come and invest in it. The information about Bitcoin can be found within the blink of eyes if they have interest in it. Don't allow yourself to be blamed later. Of course, we can discuss about bitcoin with friends but my point is never encourage them to invest, allow them to make that decision without persuasion from your side.

[Donk1]

​Like basically it’s not advisable to convince anyone to invest in Bitcoin because if the market stops facing up and starts facing down, they would eventually be forced to sell at a loss. And you that convinced the person would be the one to be blamed especially when you only told them the good part and forgot to add the fact that Bitcoin is a very volatile asset.

​That said a person is only willing to invest in Bitcoin not convinced without willingness, there will be no growth in his or her investment. Overall to me you can only introduce Bitcoin to someone just tell him or her how the asset works finished. It would be up to him or her to decide if they would invest or not. Because basically there are a lot of scams everywhere and people like to believe that it’s only scammers that convince someone to invest in something. So that’s just it the person must be willing to invest, not convinced...

[Padi24]

Rule No. 1: Never try to convince anyone to invest in Bitcoin or any cryptocurrency unless they come seeking for advice.

Convince I mean giving them reasons to believe that Bitcoin is worth investing, and this is basically for those around us like family or relatives and not external bodies.

Rule No. 2. Do not take side when explaining to them. Make it fair, do not favour only the positive side in your explanation. In fact, put much emphasis on the negative side.

I already said something regarding this aspect of explaining both the positive and negative side of it, perhaps you didn't go through the whole text. But I still agree with you on that, it is essential to let them know about the negative and positive side of Bitcoin instead of capitalizing on the positive side of it, because you might be hold responsible if they incur any Loss. So therefore everything need to be explain in full to avoid unnecessary blame.

Rule No. 3. Let them do personal research and decide for themselves.

Yeah, it is essential to make research after learning because somethings might be missing, as a matter of fact we can't get everything from one particular source that is why we also need to consult other sources for more information or knowledge.

[MisFoxie]

I don't think there is a need to convince someone to invest in Bitcoin. I don't prefer anyone to give financial advise to anyone. Imagine you give your friend a financial advice like invest in Bitcoin and he believe it and invest in Bitcoin and buy Bitcoin at ATH then the price goes down ( It's common in crypto), What do you think that friend will think? If they ask you about Bitcoin investment then we should give them knowledge about Bitcoin, It's their own decisions if they want to invest or not.

[Yorubek]

We can discuss Bitcoin with our friends or loved ones, if we can convince them how valuable Bitcoin is for the future, then their interest in learning more about Bitcoin will increase relatively more. When a person acquires the right knowledge about Bitcoin, buy Bitcoin consistently with a long-term plan with prudent money, and holds Bitcoin patiently with confidence despite market volatility, inflation can be avoided in the future and long-term profits can be expected. By holding Bitcoin, the person has complete freedom, Bitcoin has brought us economic freedom, Bitcoin has freed us from banking troubles, Bitcoin has created a new investment space for us. I think Bitcoin helps us financially and helps us mentally.

[Hewlet]

Rule No. 1: Never try to convince anyone to invest in Bitcoin or any cryptocurrency unless they come seeking for advice.

This is where investors get it wrong because they always assume that because they are invested in bitcoin then everyone around them should. Let's say I'm not invested in bitcoin and you're talking to me about bitcoin almost persuading me to get invested in it, it's going to look fishy to me because once you start pushing on a narrative, it easily gives an impression that there's something wrong about the idea.

The only thing you can do is to suggest bitcoin to anyone that's looking for what to invest in. Don't paint a certainty narrative to the person so he doesn't come In thinking that everything is just so perfect. I will rather tell them of the risk that's associated with investing knowledge bitcoin first before introducing them to the good side of bitcoin investment.

[BitBakerr1]

You mentioned Hedge Against Inflation and also potential for higher returns, this two are the reasons why I’m so interested in investing in Bitcoin and why I’m investing in it till date, when you are investing in Bitcoin you are sure of not getting into inflation because your money is secured and the value of it will keep increasing and again when you are investing in Bitcoin you are sure that your will get good profit from your investment however it is important to note that being sure of getting profit from Bitcoin is only for those who are into Bitcoin for long term is not same for those who are Bitcoin traders.

[Yablee0]

Rule No. 1: Never try to convince anyone to invest in Bitcoin or any cryptocurrency unless they come seeking for advice.

At first that is were most of us make the mistake by trying to convince someone into investing in Bitcoin, as a matter fact it's not that necessary doing that as a enthusiast because you are rather settings your self in an unnecessary pressure if things eventually didn't goes as planned, however always let them take decision at their will to avoid having issues with someone in future.

Rule No. 2. Do not take side when explaining to them. Make it fair, do not favour only the positive side in your explanation. In fact, put much emphasis on the negative side.

This is also an issue of which most of us do without knowing the repercussions of it, one important facts in all this is that if for any reason you are trying to bring someone in the system always make the surpose person understand and be also aware of the potential risks involved so as to save yourself from unforseen problems or dispute that may occur in future if things goes another way round.

Rule No. 3. Let them do personal research and decide for themselves.

You are absolutely right on this, because it's always proper letting them do the findings their self and decide if to puch ahead or back off so nobody will start running after you that you misleaded them when they didn't do things right and for that reason fail in their investment journey.

[Y3shot]

Well, I know how difficult it is to convince someone to invest in Bitcoin More especially those that vow never to invest in Bitcoin but, here are some points you could share with them to encourage them to consider investing in Bitcoin: 

Their is no need for you to convince someone to invest Bitcoin, instead you give them knowledge and to make them to understand bitcoin. It is left for them to accept or not, and if you succeed in convincing one to invest Bitcoin, you will be blame for their loses if at all anything happens.

Another point  people fail to understand about Bitcoin, is that they always think Bitcoin makes people to become rich quick, Bitcoin is a long-term investment and for one to be able to succeed in bitcoin investment their must be thst longterm investment mindset.

[Rockson1]

You mentioned Hedge Against Inflation and also potential for higher returns, this two are the reasons why I’m so interested in investing in Bitcoin and why I’m investing in it till date, when you are investing in Bitcoin you are sure of not getting into inflation because your money is secured and the value of it will keep increasing and again when you are investing in Bitcoin you are sure that your will get good profit from your investment however it is important to note that being sure of getting profit from Bitcoin is only for those who are into Bitcoin for long term is not same for those who are Bitcoin traders.

If you are some that has a good knowledge about Bitcoin, you must see these two as the reason why you want to acumulate more of Bitcoin, we are in a country that our naira is shit, sorry to say this but we have to say the truth, our currency is deing gradually because of hyper inflation, we might have heard some shit from our so called motivational speakers which is the government hyping our economy, but the question we should always ask is, what is on ground, what has they done to come up to tell us that everything is in the right direction, I may have shift a bit from the discussion but I have a point, since we know that Bitcoin can stand as a hedge against inflation, I think we should not have two minds or harbour anything that will stand as a discouragement for us not to invest in Bitcoin, fiat is nothing but a valueless paper that keeps losing its purchasing power, so all we can do is to use to buy more Bitcoin and expect high return in the future which is in the long-term.

[Dr.Bitcoin_Strange]

Satoshi once said "If you don't believe me or don't get it, I don't have time to try to convince you, sorry," If he said so, then who am I to try force or convince someone who does not believe in Bitcoin? It takes someone that is interested on Bitcoin to make inquiries of the basic knowledge they need for their Bitcoin journey before you can start to explain to them how to go about it, but for someone that shows zero interest and is even skeptical about Bitcoin, I don't have time to convince them again.

[Zigabel]

 2. Decentralization.
  Bitcoin operates on a decentralized network, meaning it's not controlled by any single entity like a central bank . This characteristic is believed by some to offer protection against inflation and traditional financial system failures. 
 
  3. Global Acceptance and Transferability. 
  Bitcoin is recognized and can be transferred globally, offering a streamlined way to send funds across borders without fear. 
 
  4. Hedge Against Inflation. 
  Some investors view Bitcoin as a hedge against inflation, believing its fixed supply can preserve value over the long term, unlike traditional currencies that can be devalued through printing . 
 

All of these features gives Bitcoin that unbeatable edge against Fiat and only ba very few know and will agree, but it is still true and fact that Bitcoin guarantees more security, acceptance and value storage than we will often see with our Fiat in most cases. The inflation Hedge is one that really interest me often because an amount you invested in Bitcoin some years back will have definitely increased and become more valuable than that same amount kept in Fiat and now after all these years, inflation would have definitely stripped it of it value.

[Jubilee58]

When you see something good , you have to embrace it and possibly share it with friends and relatives. It is true that bitcoin is a volatile asset and is also associated with certain risk just like every other business.

Bitcoin offers numerous benefits like high return on long term investment, you are totally in control of your fund and factor like retaining the value of fiat currency, these and many more are some of the reasons why bitcoin remains a genue investment in the digital market. I do encourage friends and relatives to invest in bitcoin because I have discovered the value and potentials of bitcoin, and as good friend when you see something good you have to introduce it to a friend so that when you succeed, you succeed with that your friend.

Historically, bitcoin has not failed to reward investors who invested for long term purpose despite the risk of volatility and market fluctuation, all you owe bitcoin investment is just patience and you will surely rewarded.

[casey15]

I don't think it is in your place to convince someone else to invest in Bitcoin.. I feel you can just tell them what it is all about, it's Deecentralized system and what they stand to gain.. it is important that the risks are laid out to them too... This is so they can have realistic expectations and not just get rich quick.
Let them make the decisions themselves... If not, when things don't go as planned due to the way the market moves, you will get blamed for making them lose money and this in lot of ways has scattered beautiful friendships and relationships... You can only show them the light, it is their choice to take it or not

[CryptSafe]

OP, no doubt about what you have said as they are all good points you have made, but I always say this, if you are onboarding a newbie into the system, there is no harm in telling the sweet side of it, also do well to tell them the ugly side as well so that they would have it in mind what they are signiong up for because that would help them stay at alert to make ure their assets are well protected and to also know what bests securtiy measures to take to protect their assets. All these would help put them on check so that they do not make any mistakes that would cost them their investment, because if anything happens and they have no broad knowledge at least to some point, they should be equipped with both sides of the information so they are not taken unawares, otherwise you will be blamed for anything that goes wrong.

[Zanab247]

BTC has gone viral all over the social media which is a place many people use  to connected to BTC to know what is happening in the world. Despite BTC is a decentralized currency that is not control by the government officials people still like BTC while majority of government hate BTC just because they are afraid of BTC taking the position of their fiat money.

I have met many people who wanted to show interest in BTC based on it is a decentralized currency that is not order the government is making some not to invest in BTC, because they don't know who to hold responsible for their mistakes, because they know BTC is different from other centralized currency.

[Versatile_choice]

I have met many people who wanted to show interest in BTC based on it is a decentralized currency that is not order the government is making some not to invest in BTC, because they don't know who to hold responsible for their mistakes, because they know BTC is different from other centralized currency.

I doubt if there's any beginner that would want to invest in bitcoin because it's a centralized asset, I would only consider that as part of their reasons why they have chosen to Invest in bitcoin but not the actual reason. I don't mean to say that every investors is pursuing the same goal, of  course there are people out their who are investing just because they could escape inflation and also to gain freedom because once you invest in bitcoin you don't have any business with the government anymore as everything will be under your control, but I must say that  I didn't chose to invest in bitcoin due to  these reasons, it was later I realized that bitcoin is not just an investment but it's more than that.

[Judith87403]

You have a strong and balanced points. Bitcoin can be introduced as a long term asset with high risk having unique features such like decentralization, fixed supply, and international transferability, that make it appealing to most investors. At same time, it is essential to be clear about how real volatility of price is and possibility of losses. Advising people o begin small, learn first, and just to invest what they are able to afford its lose is the right method to it. Laying emphasis on personal research, dependable sources, and diversification which helps to keep expectations realistic. Bitcoin may be part of a wider strategy, not the total plan. The moment someone gathers enough, spreading risk into assets such like real estate or other investments that are stable has lots of sense to escape relying on one single outcome.

[Marykeller]

Na who ask, no be who no ask about Bitcoin investment, you go explain few of these points of Bitcoin investment give.

Bitcoin investment don pass for peso to the give long talk to their friends, to tell them to invest in Bitcoin. If you don pass the basic knowledge to them(which is important), the rest that follows, to invest will be their own to decide.