BITCOIN: Give people time! - page 4.

Sanitough

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Quote from: Marvell1 on August 12, 2023, 04:02:34 AM

Quote from: Lida93 on August 11, 2023, 11:57:24 PM

What do you think about this?

That's right, we just share bitcoins with them and give them some time to think about it, don't make them invest right away. It will make them feel like we are trying to scam them and they won't feel comfortable if forced. That just makes them hate bitcoin more than care about it.

For us bitcoin is no longer a new asset but for many it is still a very new asset so it takes time for them to adapt and accept it. Furthermore, as you also said, the fact that we spend a lot of time educating someone about bitcoin does not guarantee that they will be interested in bitcoin. So don't waste your time and give them time to realize it all.

Always give people the time they deserved. Whether they want to take intensive research on it first before they can decide to invest, or it’s just they will never like the idea of bitcoin no matter what, so atleast they’re given enough time to think about it. Bitcoin is not a necessity that everyone should know and invest, but it will give a great advantage in our lives if we include bitcoin as one of our investments. However, we all have different mindset when it comes to bitcoin, while others see it very profitable and useful, some also see it useless and just another tool to scam people, that’s why one should not be force to invest in bitcoin. Let them think of it a lot of times, until they will come up with a conclusion that they won’t be regretting in the end.

Oilacris

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Quote from: GiftedMAN on August 22, 2023, 01:44:23 PM

Quote from: Lida93 on August 11, 2023, 11:57:24 PM

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.

Even without being told, I think the most appropriate things to told before venturing into any business or investment is to do a proper check both online and offline, you don't literally get into some kind of business by what was said by someone who linked you because a lot of scammers out there has brainwashed some of their agents who go about bringing people with the aim of providing a platform where they invest and make more money but at the end they end up scamming them so I think for more clearification a proper research should be done by both parties to avoid lost of funds after investment.

When it comes to Bitcoin investment, personally I have a special way of preaching to people especially those around me and I don't argue more doing that because smart phones and the internet helps to ease the stress for me so all I do is to talk to whoever that is interested to know more then bring up my experience in my journey as a Bitcoin believer and as an investor but I try not to involve the the number of Bitcoin that I have not talk about things in my portfolio but I don't lie to them that am an investor because there's no way am going to preach about what I don't believe in or practice.

In depth research and confirmation would definitely be that part of human instinct specially on the time that it would really be caught up your attention then you would definitely be just that normal that

you would really be having that kind of approach when it comes on dealing up with things on which it would really be just that normal that you would really be tending to make out some research
on in depth analysis and would be able to find out whether it is really just that good for you to deal with or not. It would really be just that depending on you since not all would really be that good
on decision making in times or situations like this. In speaking about recognition and adoption then its inevitable and on the moves, it is really just that there are some other factors which would really be that affecting out your overall point of view whether it would be something positive or negative.

Just let the movement do its job and would flow normally. It is really just that there are people who are really that in rush in speaking about overall adoption and recognition
on which it is something that couldnt be fast tracked.

Japinat

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Quote from: mk4 on August 12, 2023, 02:23:49 AM

And ultimately — don't push people into investing in ANY asset. Regardless if they need to take time to research or maybe they're simply not just interested, just let them be. People will buy bitcoin at a price they deserve.

That is a big NO when it comes to bitcoin. Just because you find it so much useful in your life, then you think you need to push other people too to invest in bitcoin. Know that what what’s work for you may not work for others, so be sensitive about forcing people to invest in bitcoin. They might not like it in the first place, or they simply want to think a lot of times before they’ll start risking their own money and prepare theirselves losing them.

lionheart78

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Quote from: ChiBitCTy on August 22, 2023, 12:34:35 PM

So I went to the Nelly/ Ja Rule concert this past Sunday with a couple buddies of mine. Bitcoin came up somehow, and my buddy in the back of the car (who is completely finance illiterate) said "bitcoin is a scam". We had a brief convo and explained how it's not and that most altcoins are and he realized he was wrong. So you're right, give people time but education is the key.

Not just education, I believe in proper education. In your case, your friend is convinced that he is wrong because you have vast right knowledge of Bitcoin, and know the real function and how Bitcoin operates. If a newbie to Bitcoin explained BTC to your friend, probably your friend won't be convinced. This is why it is best to promote correct information about BTC.

Giving time to people to digest the correct information is the best way to go. They might probably be in defense, limiting their understanding of Bitcoin because of their initial stance, but if we just let them take their time to understand Bitcoin while feeding them the correct information, then there is a huge possibility that they will get interested and possibly jump into Bitcoin without any kind of doubt.

GeorgeJohn

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The reason while people like bitcoin investment its because bitcoin investment those not a third party and I believe that bitcoin that doesn't have a third party, is something I believe so far is what makes people to over like investing with bitcoin from my perspective itsbecausebitcoinis decentralized and when investingin bitcoin you does not have to be restricted in any other functions, I know quite well that bitcoin investment is like a liberation and self management.

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Quote from: Lida93 on August 11, 2023, 11:57:24 PM

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.

Even without being told, I think the most appropriate things to told before venturing into any business or investment is to do a proper check both online and offline, you don't literally get into some kind of business by what was said by someone who linked you because a lot of scammers out there has brainwashed some of their agents who go about bringing people with the aim of providing a platform where they invest and make more money but at the end they end up scamming them so I think for more clearification a proper research should be done by both parties to avoid lost of funds after investment.

When it comes to Bitcoin investment, personally I have a special way of preaching to people especially those around me and I don't argue more doing that because smart phones and the internet helps to ease the stress for me so all I do is to talk to whoever that is interested to know more then bring up my experience in my journey as a Bitcoin believer and as an investor but I try not to involve the the number of Bitcoin that I have not talk about things in my portfolio but I don't lie to them that am an investor because there's no way am going to preach about what I don't believe in or practice.

ChiBitCTy

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So I went to the Nelly/ Ja Rule concert this past Sunday with a couple buddies of mine. Bitcoin came up somehow, and my buddy in the back of the car (who is completely finance illiterate) said "bitcoin is a scam". We had a brief convo and explained how it's not and that most altcoins are and he realized he was wrong. So you're right, give people time but education is the key.

Ucy

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I'm more interested in inviting people in a possible self-sustaining & interdependent parallel society based on Bitcoin ideals with Bitcoin as main currency. And my targeted audience will mostly be talented hardworking people struggling to earn a living in the fiat based alternate society. I'm not really interested in their fiats, just the talents/skills and the passion for work. If they are rejects of the fiats system due to lack of school qualifications or certificates, we'll immediately scoop them up, have them refined and placed where they belong in the parallel society to help develop it and earn bitcoins via "Proof of Works" consensus mechanism. No need for certificates.. . Just prove what you can do for the society by solving problems with your talents.
The bitcoins earned by these people will be used to buys good things from other bitcoiners. That's how the bitcoins circulate, creating a thriving self-sustaining and interdependent Bitcoin economy without the need for more fiat investments.

Altryist

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Quote from: The Cryptovator on August 13, 2023, 04:32:35 PM

You handled it well by not pressuring him into Bitcoin after he declined during the explanation. This approach is key to persuading others and promoting Bitcoin. If someone else can benefit from its volatility, that's not a problem. It's even more rewarding when those close to us can earn a good sum. However, it's important to present both the positives and potential risks of Bitcoin. Encourage him to research on his own so he can make an informed decision.

I consider this one of the most important points, you need to ensure that the reason is not your recommendation, but independent study of bitcoin. In this case, they will decide for themselves whether they should buy or not. For some, high volatility will be an advantage, but for this you need to understand all the risks and the decision must be made on your own, then no one can blame you for anything.

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Quote from: worle1bm on August 13, 2023, 04:16:17 PM

We know btc is good investment because we have done research about it and have faith in it but if we push someone towards making investment in it without even doing their own research then they will be under the panic sellers when prices fluctuates due to volatility.So for any investment we must take necessary steps like understanding about it and why it would give you return.

Even old investors sometimes panic if the market fluctuates greatly, so we should give everyone time to get used to bitcoin. We should not rush or rush them to invest in bitcoin, everything takes time and investing in bitcoin is no exception.

Many people push others to invest in bitcoin because they fear their friends or relatives will miss the opportunity to buy cheap. But what they don't know is that investing without knowledge, without psychological preparation is many times more dangerous than buying high priced.

G_Besar

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Quote from: Kaliandra on August 22, 2023, 08:17:45 AM

I think this is a good topic and the story is also good, yes indeed we as btc investors don't hurt to tell people about bitcoin, yes, maybe at that time he was not interested in investing in btc, but there are times when he will also think and search know more about the knowledge and how to invest BTC properly, such as via the internet and so on and for sure sometimes it takes time to be able to receive BTC.

Those who start looking for Bitcoin on the internet after hearing it from us or other people are people who are curious about Bitcoin and he also has an excessive curiosity about something new or what he has just heard from other people or whatever. Because there are also people who, after hearing about Bitcoin through other people's stories, they are still apathetic or don't want to know about what they have heard from our stories or other people's stories.

Quote

In my opinion, telling other people about BTC is a good thing as long as there is no coercion, but we also have to be anonymous, so that no one knows about all of our assets so that there are no unwanted things, such as crime and so on.

Giving like suggesting is a good thing and indeed there shouldn't be an element of coercion because we ourselves are also not in a forced condition or conditions that force us to tell other people about Bitcoin. But as long as it is to suggest, I don't think it's wrong to do and we also don't need to tell about the amount of assets we have because that is a very different discussion from what we want to suggest.

Kaliandra

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I think this is a good topic and the story is also good, yes indeed we as btc investors don't hurt to tell people about bitcoin, yes, maybe at that time he was not interested in investing in btc, but there are times when he will also think and search know more about the knowledge and how to invest BTC properly, such as via the internet and so on and for sure sometimes it takes time to be able to receive BTC.

In my opinion, telling other people about BTC is a good thing as long as there is no coercion, but we also have to be anonymous, so that no one knows about all of our assets so that there are no unwanted things, such as crime and so on.

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Quote from: LogitechMouse on August 21, 2023, 06:29:58 PM

Quote from: Lida93 on August 11, 2023, 11:57:24 PM

~
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?

Sometimes, there are people who are insisting at first, but deep inside of them, they are very curious to know what a particular thing is, and in this case it's Bitcoin.

TBH, I didn't ever try to share many information about Bitcoin into my community although I know that there are some who really knows what Bitcoin is, or at least they've heard the term "Bitcoin". I just hope that there will be a time where all of us will gather in one spot, and just sharing anything about Bitcoin, and crypto in general so that we can share lots of information with each other. As for the OP's case, it's good that after months your uncle did invest into it. Your preaching might not have an immediate effect, but that helped him realize, did research, and learn what Bitcoin is.

Will I ever talk to some people with regards to Bitcoin? I might in the future, but as of now I don't want unless they're the ones who will approach me. After all, sharing lots of information about Bitcoin to other might not let them convince to invest into it at all. As for the 2nd one, your energy will be useless if the people who you introduced Bitcoin aren't really interested at all. As for the 3rd one, it's quite unfortunate that people aren't doing proper research before investing. They are relying on other people with regards to information - like spoon-feeding.

Curiosity is the very thing that led to our development. Your reluctance to talk freely about Bitcoin in your community could be a result of a natural caution. But keeping quiet is no longer a good thing in a world where data, knowledge, and decentralized systems rule. Our ancestors did not live well because they waited for the mammoth to come to them. Instead, they went hunting. In the same way, if you think Bitcoin has a lot of promise, why wait? Be the first person in your neighborhood to join the crypto revolution. We need to stop waiting for the ignorant to come to us before we help them. Lack of study on their part? Thats their fault. Lets take charge, not follow.

Wimex

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jajajja this sounds like a plot twist to the story... It's amazing how people's perceptions and decisions can change over time. Sometimes, even though we mean well and want to share something exciting with others, it's important, as the op says, to remember that each person has their own pace for processing information and making decisions. In particular, I've been slowly trying to get a friend to understand how good bitcoin is, but over time I hope he does. Which brings me to the next point, education and personal research, I have always thought, are completely fundamental in any decision, especially when it comes to investments.. By encouraging people to do research for themselves, we would be empowering those people to make decisions based on facts, I will try to advise my friend to try to do research and read a bit more about Bitcoin

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Quote from: Lida93 on August 11, 2023, 11:57:24 PM

~
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?

Sometimes, there are people who are insisting at first, but deep inside of them, they are very curious to know what a particular thing is, and in this case it's Bitcoin.

TBH, I didn't ever try to share many information about Bitcoin into my community although I know that there are some who really knows what Bitcoin is, or at least they've heard the term "Bitcoin". I just hope that there will be a time where all of us will gather in one spot, and just sharing anything about Bitcoin, and crypto in general so that we can share lots of information with each other. As for the OP's case, it's good that after months your uncle did invest into it. Your preaching might not have an immediate effect, but that helped him realize, did research, and learn what Bitcoin is.

Will I ever talk to some people with regards to Bitcoin? I might in the future, but as of now I don't want unless they're the ones who will approach me. After all, sharing lots of information about Bitcoin to other might not let them convince to invest into it at all. As for the 2nd one, your energy will be useless if the people who you introduced Bitcoin aren't really interested at all. As for the 3rd one, it's quite unfortunate that people aren't doing proper research before investing. They are relying on other people with regards to information - like spoon-feeding.

coin-investor

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Many new investors get in, investing in Bitcoin when we are on a bull run because of FOMO they just need a piece of evidence that you can really make a profit from Bitcoin, even though they have done their own research they need a validation based on the market movement that Bitcoin is the right investment.

But once they've invested they will do more research to see how good their investment and if it is right to invest more, FOMO is what rules their decision, and overtime when there is a dip or there is a market shift they will have a choice if they want to continue or stop investing.
And those who have done extensive research on Bitcoin and a risk taker will invest in Bitcoin whatever the condition of the market, they are the kind of investors who choose to invest because of their research, people really have their own time when it comes to investing in Bitcoin.

suzanne5223

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Quote from: Lida93 on August 11, 2023, 11:57:24 PM

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.

You have a point since it's never a good idea to force people we tell about Bitcoin and choose not to be interested. However, giving them "time they will show interest" doesn't work for every and it can only work for people who went ahead to do solid research after initial communication or teaching.

Quote from: Lida93 on August 11, 2023, 11:57:24 PM

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!

Yes, you're right and its not all the people will talk or advertise Bitcoin to will accept the concept of it not to talk about invest in it.

Quote from: Lida93 on August 11, 2023, 11:57:24 PM

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.

Most newbies are lazy to do their own research unless the people have the computer understanding of 21 century technology and benefit.

sokani

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Quote from: Lida93 on August 11, 2023, 11:57:24 PM

What do you think about this?

A friend introduced a business to me and wanted me to invest and I told him I would think about it. Each time he keeps asking me if I've made up my mind about the business and it got to a point I felt like I was been coerced and I just told him I wasn't interested.

You took the right approach with your uncle and it paid off. If you were pestering your uncle I doubt if he would have given it a shot. This is a valuable lesson for Bitcoin evangelist, after doing the talking give people some time to do their own research and decide if Bitcoin is really worth investing.

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Quote from: Lida93 on August 11, 2023, 11:57:24 PM

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?

I mean it's a good thing that he wanted to actually start to invest in Bitcoin but just make sure that he understands what kind of investment cryptocurrency is because probably the worst thing is they are he is going to blame you if he loses his money on investing, so make sure that he completely understand Bitcoin and cryptocurrency and he actually knows what he is doing. Also, he seems to invest a big amount of money advise him to not make this kind of investment if he still doesn't have some kind of savings account or fiat money that he can use whatever time he wanted, something like backup money in case of emergency to avoid selling his Bitcoin in case some emergency came up on him.

Most of these kinds of investors just have very high expectations of Bitcoin thinking that they are going to earn a big amount of money in just a very small amount of time which probably not going to happen I mean it's possible on the Bull market because all of the altcoins just continue to skyrocket, but the market still has its cycles which probably going to take years to accumulate before we reach the Bull market.

Lida93

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Quote from: Alpha Marine on August 21, 2023, 03:51:57 PM

Quote from: Lida93 on August 11, 2023, 11:57:24 PM

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".

This right here is the best way.
Good thing you told him about Bitcoin and allowed him to make his own decision. Now he is investing not because he was coerced to do so but because he has seen the benefit of Bitcoin by himself as he sees a need to invest.
If he has truly done his research then he understands the risk and the need for patience.

There is no point in making it look like people who don't buy the idea of Bitcoin are not smart or intelligent. Not everyone would buy into an idea.
People should make decisions because they feel it's the best decision at the moment for them, not out of peer pressure or any other reason.

The truth or a goodnews is not pressured neither forced on people to accept and that's how it should be with bitcoin, your responsibility is to proclaim the goodnews and allow for people to dig about it and decide for themselves to wholly accept it or not. There's a manner a person may apply in trying to convince others about accepting a goodnews (and it will be looking like a bad news) which can scare away those you think you're trying to bring into the camp as skeptical questions raising fear of scam filling their thoughts about why the damn pressure.

Topic: BITCOIN: Give people time! - page 4. (Read 1097 times)