Topic: BITCOIN: Give people time! - page 2. (Read 1096 times)

You made the same mistake I made a few years ago when trying to give my friends a Bitcoin investment recommendation. Not the best idea, as it turns out. They then called me a fraudster and after that they practically didn’t talk to me. This is what such good intentions lead to. Indeed, let people decide for themselves what they need for life. There is no need to impose yourself on them, as this is fraught with dire consequences.
For me to this day, that incident became an excellent lesson from which I learned a lot of useful experience.

I tried to talk to my dad about bitcoin, but he didn't really listen. instead, he called me dumb for sending money online to someone. he thought i was telling him to invest because i saw it on youTube.
so, he didn't listen to me and didn't invested in Bitcoin.

from this, I have learned that do not try to tell people to invest in things because if they lose money, they might blame you. so, it's better not to give investment advice.

I tried to talk to my dad about bitcoin, but he didn't really listen. instead, he called me dumb for sending money online to someone. he thought i was telling him to invest because i saw it on youTube.
so, he didn't listen to me and didn't invested in Bitcoin.

from this, I have learned that do not try to tell people to invest in things because if they lose money, they might blame you. so, it's better not to give investment advice.

You made the same mistake I made a few years ago when trying to give my friends a Bitcoin investment recommendation. Not the best idea, as it turns out. They then called me a fraudster and after that they practically didn’t talk to me. This is what such good intentions lead to. Indeed, let people decide for themselves what they need for life. There is no need to impose yourself on them, as this is fraught with dire consequences.
For me to this day, that incident became an excellent lesson from which I learned a lot of useful experience.

We don't need to rush all things. People are just being too much optimistic with the bitcoin and getting hyped, so our regrets about making an investment we are passing through to the people we know can invest and give their courage like we miss out, give them a chance to understand it first not as always we are earning money, and we know older people are afraid to risk their money because it's hard-earned and they want to make sure all of that investment decision they made will result in a good outcome. Well at the end its a good news one of your family member now understand the use of the bitcoin but again its your guidance you are the one who really more knowledgeable with that we know how elder always ask if they manage to take a profit or not.

You made the same mistake I made a few years ago when trying to give my friends a Bitcoin investment recommendation. Not the best idea, as it turns out. They then called me a fraudster and after that they practically didn’t talk to me. This is what such good intentions lead to. Indeed, let people decide for themselves what they need for life. There is no need to impose yourself on them, as this is fraught with dire consequences.
For me to this day, that incident became an excellent lesson from which I learned a lot of useful experience.

I tried to talk to my dad about bitcoin, but he didn't really listen. instead, he called me dumb for sending money online to someone. he thought i was telling him to invest because i saw it on youTube.
so, he didn't listen to me and didn't invested in Bitcoin.

from this, I have learned that do not try to tell people to invest in things because if they lose money, they might blame you. so, it's better not to give investment advice.

We don't need to rush all things. People are just being too much optimistic with the bitcoin and getting hyped, so our regrets about making an investment we are passing through to the people we know can invest and give their courage like we miss out, give them a chance to understand it first not as always we are earning money, and we know older people are afraid to risk their money because it's hard-earned and they want to make sure all of that investment decision they made will result in a good outcome. Well at the end its a good news one of your family member now understand the use of the bitcoin but again its your guidance you are the one who really more knowledgeable with that we know how elder always ask if they manage to take a profit or not.

While it's true that by informing, we play the role of unlocking the door to the cryptocurrency realm, I believe there's a crucial caveat. We all understand the necessity of ongoing oversight to ensure newcomers don't stumble into treacherous terrain. Lately, there have been numerous scams disguising themselves as Bitcoin, posing a significant threat to the mental well-being of those just venturing into the world of cryptocurrencies.

Moreover, in order for individuals to maintain an objective perspective on Bitcoin, it's imperative that we don't solely sing its praises. We must also acquaint them with some of Bitcoin's shortcomings, including the associated risks. This way, they'll exercise greater caution from the outset when expressing their interest in Bitcoin.

So, four days ago this very uncle of mine called me saying that he's now interested in investing some money into bitcoin. And I was like what happened! I thought you rejected the idea when I introduced it to you months ago.

Guess what he said, "well I did thought about it recently, and did a few research and decided I should give it a trial like you advised I should".

Now this how the whole gist originally emanated. I had this long section talk with him about bitcoin more than 8months back of which he rejected the idea of investing with whatever amount he could use as a clinical trial of the digital currency for like 6months or 1year to see for himself the benefits of bitcoin but he refused and afterwards I never brought up the discussion again to him. But to my greatest surprise he called me on phone to come to his house, on getting there he shared to me about his interest to invest in bitcoin with the sum of #4.8million of our local currency, an amount that is worth around $6k based on current exchange rate.

Although it's not the story that intrigue me to share this info  to the community but it's mainly the lessons I learnt from it that did, which I'll believe a lot of bitcoiners needs to know even as they talk to people about bitcoin. Which are:-

1. Give people time; they will show interest when the time is right for them. Their timing may not be same with yours, if you've done your own job of talking to them about it, then that's fine.

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!

3. We should always tell people to go do their own research about bitcoin after giving them some preaching about it. Doing their own research from with what they  get online can strengthen their conviction about what they've have been told.


What do you think about this?

We don't need to rush all things. People are just being too much optimistic with the bitcoin and getting hyped, so our regrets about making an investment we are passing through to the people we know can invest and give their courage like we miss out, give them a chance to understand it first not as always we are earning money, and we know older people are afraid to risk their money because it's hard-earned and they want to make sure all of that investment decision they made will result in a good outcome. Well at the end its a good news one of your family member now understand the use of the bitcoin but again its your guidance you are the one who really more knowledgeable with that we know how elder always ask if they manage to take a profit or not.

2. The amount of energy and time you expend preaching to someone about bitcoin is not a warranty that he will accept what you're offering. Maybe not immediately!

We don't have to force any individuals we're introducing to Bitcoin against their will to invest in Bitcoin, telling them about bitcoin is good enough and the rest is left for the persons to determine if they will be investing in bitcoin or not. When you allow people make the decisions, they'll be interested to research and understand how to keep their investment safe through using the right wallets that aren't centralized bit decentralized wallets that are opened source.

With time many individual will realize the importance of Bitcoin and they'll decide to invest. There's no late time to invest in Bitcoin because profits can be made any time you invest in Bitcoin. If you invest when the market is at the peak, all you have to do is to hold and not to sell.

We don't have to force any individuals we're introducing to Bitcoin against their will to invest in Bitcoin, telling them about bitcoin is good enough and the rest is left for the persons to determine if they will be investing in bitcoin or not.

We don't have to force any individuals we're introducing to Bitcoin against their will to invest in Bitcoin, telling them about bitcoin is good enough and the rest is left for the persons to determine if they will be investing in bitcoin or not. When you allow people make the decisions, they'll be interested to research and understand how to keep their investment safe through using the right wallets that aren't centralized bit decentralized wallets that are opened source.

With time many individual will realize the importance of Bitcoin and they'll decide to invest. There's no late time to invest in Bitcoin because profits can be made any time you invest in Bitcoin. If you invest when the market is at the peak, all you have to do is to hold and not to sell.

Forcing someone to invest in bitcoin or imposing our thoughts on others is really a bad idea, everything takes time. But on the other hand, if we spend too much time realizing something, we will miss out on some great opportunities. Like you, if you invested in bitcoin in 2014, you would have had the opportunity to buy bitcoin at extremely cheap prices and you would have changed your life. Although it is not too late to invest in bitcoin 3 years later, you clearly missed the opportunity to buy bitcoin at a cheaper price. It also has disadvantages when we spend a lot of time learning something.

People change their perception with time and those who don't are being foolish. But being strict about own money and not investing in risky assets is not a wrong approach for most traders and investors. In short, bitcoin is known to be profitable to it's old timers but difficult to be accepted by new comers. This will not change easily because a lot of negative views drag bitcoin down than bringing it up.

Still we know that Bitcoin is the future asset to hold and hence we do, this can be learnt gradually by reading the charts and observing.

It appears that a similar situation has occurred with your uncle as it did with me. Back in 2014, when I was still in school, I only heard the word "Bitcoin" in passing and had no interest whatsoever in this new currency issued by non-government entities.

However, as time passed by for three years, my curiosity got the best of me, and I decided to delve deeper into understanding Bitcoin, hoping to uncover something new and intriguing to learn about. As it turned out, blockchain technology had a unique allure for me, which I believe is a technology promoting fairness and justice.

Furthermore, many individuals were leveraging Bitcoin's volatility for profit, and I decided to dip my toes into the world of buying and selling Bitcoin to see for myself. My initial investment incurred losses in the first week, but as time went on, I realized that Bitcoin prices could turn around, and the potential for profit always remained.

Understanding Bitcoin is like trading Bitcoin; it must be done at the right time.

I agree with learning about Bitcoin first before joining. For those who already understand, I don't think it's difficult to join Bitcoin and win, but for those who have just come to join, I think you need to learn a lot so you don't make the wrong move, considering that many people are disappointed because of their own negligence, many people have high expectations even though they don't have enough knowledge to win, so in the end their money is at stake