Topic: Have you successfully influenced someone to invest in bitcoin ? - page 3. (Read 1591 times)

Telling someone about Bitcoin takes a long time because there is so much to learn.  So if someone makes a wrong decision and does something wrong, they can blame me for it, so I'm also very afraid to influence anyone about Bitcoin.  However, if someone asks me something out of interest, I try to teach them with my best.  But I tried to convince my family members about Bitcoin but they are old age people so I couldn't convince them much.

When someone has seen you have achieved success, of course you don't need to tell them about what you did and they will be the ones who will come to see you to ask about what you did so that they can imitate the success you have achieved, to be able to teach other people. it does require patience and it is impossible for us to be able to teach other people if we don't have a lot of patience. If there is someone you can talk to about investing and they have made an investment, of course what you say to them they can understand well so that they dare to invest, because it is impossible for someone to dare to invest in a market that has very high volatility if they do not understand it well.

Actually I'm always scared of introducing my friends to this crypto investment reason is because most of them are not educated enough to read and understand how the market works, I'm always scared because they can go with it the wrong way and if anything should happen to their money I will be hold responsible. that is why I always avoid them, not everyone who can bare the risk mostly when it has to do with money they're always careful.

Some of my friends whom I told you about a few years ago have now become successful investors and they are already making a decent amount of profit every time they put their money in, they just follow the golden rules by the way. I always avoided taking any blame whenever I told someone about bitcoins and put all the choices in them whenever they want to enter the crypto market because I know that my role is just simply to explain to them the basics and the most important info which is the volatility and how to prevent themselves from countless scammers surrounding the crypto industry and the rest is up to them whether they continue learning like the most of them doing right now or to invest asap while the price is still affordable for them.

If someone whose close to me then i would really be definitely be giving out those basic ideas and concepts on how crypto works or something that do talks about the basic principle but of course you shouldn't really be that forgetting about the risks involved. If you dont like on getting blamed in the end of the line then you should really be telling them about the risks specially we are really that dealing with a volatile and unpredictable market.
This is the most important thing that you shouldn't really be forgetting on telling them because this is where usually relations is really that being broken or something that will really be compromised, because on the time that they would be seeing those decrease of their money then they would really be pointing out their fingers on your or simply being getting blamed.

This is the primary reason on why i wont really be tending to share up those information into other people not unless if they would really be asking out seriously or i do see that they are really interested
then i might consider but of course the rest of explanation would really be leading up into those internet search on which this is much more better.

I tried to tell a few details but I can't say that I was the one who influenced them to invest in bitcoin because at that time I really had no interest in teaching because my knowledge was not that wide when it comes to investing, one more thing My patience is short and I don't really want to teach because the topic of investment is too broad, but so far the people I know that I have talked to have invested well in bitcoin and until now they are still doing it.

I used to back then but I changed. If you don't know me and closed to me, you will think I don't used internet because I hardly talk about it reason because people expectations are so high that when they hear food side of Bitcoin, they want to experience it to and they later make you feel like you are the one controlling the market, always making you feel you are the person that is stopping the Bitcoin market from making a run for there money.

Another benefit of staying low about the whole thing is for security reasons and now that the government has officially start to fight against cryptocurrency trading and involvement in any digital investment, bringing new person here is risking their life's and investment because they can be block from using banks and I don't want to be involved with any problem for trying to help.

With the little I know, I talk about bitcoin with my friends and sometimes even with strangers due to discussion that comes up. Talking about bitcoin help the knowledge about it sink more into me and also create awareness to those who do not know.

About influencing someone, I have not infact I would not want to influence someone into investing in bitcoin because if anything goes wrong, the outcome would not be nice, it can result to me being blamed for it and at the end spoils our good relationship with each other. The best I can do and even advise is that we should help in whatever way, to make others have  sufficient knowledge about bitcoin and then leave the decision of investing for them to make instead of influencing them.

I use bitcoin myself but I don't force anyone to use bitcoin or invest in bitcoin. But many of my friends came to know about Bitcoin from me with interest and they got a lot of profit by investing in Bitcoin and later praised me a lot. Bitcoin is something that anyone who hears about it gets interested in investing on it. Because long-term investment here is mandatory to get profit. But it requires a lot of patience.

What you got in the end is what you get when you want to convince or persuade people to buy BTC for returns or profit, if you made returns from BTC, you do not have to go about telling people to buy BTC, and that they would make profits if they do so.

Better if you explain to people that BTC is censorship resistant and permissionless, and that they would have control of their money if they use it, but if you are telling them that they are going to make money from BTC if they buy it, then i am sorry you may end up having problems with the people you introduced BTC to.

Nope, I would never do that.

I would only teach someone about bitcoin if they are willing to learn about it and need a guide. Tell them the pros and cons specially our own country's stance towards it and the humungous taxation on crypto transaction but would never influence them to invest in crypto.

Because this goes against my own ideals. Someone's money is their responsibility, I would not take that responsibility and because bitcoin is unpredictable which I can handle but they might not be able to.

I have influenced many people to use BTC and the easiest conversion being my friends and colleagues as it's easier for them to understand Bitcoin wherein the older ones find it difficult to believe something like this can be real because they are conventional investors who believe in traditional investment system so didn't bother much on them. When I started getting profits and showed near and dear once about the profits and how much I have got as returns they were very excited but some of them did panic selling during the bear market and blamed me for trapping them.

If truly they feel regret about their past actions, then the best thing will be to make amends, and by that I mean to invest in Bitcoin now that it's price is still affordable, because if they still make procrastination today, so will they regret in next 5yrs from today when the it's price is likely to have crossed the $100k bench match. So if I'm you I will only advice to them to buy the amount of BTC they know they can afford to hold for long, and then just leave the fund there til next 5yrs. Because Bitcoin remains a promising asset, despite it's global attack from different countries.

But that will only be possible if you fail to explain to those you will be introducing into Bitcoin it's pros and cons, because inasmuch as you are able to explain to them it's risk , and they were able to accept it and venture into investing in Bitcoin. You don't need to be worry about been blamed.

To be honest , I also don't like and don't support the idea of giving investment advice to others because when it comes to investing , it is not only profitable but also risky. We are not in the same situation , nor are our risk tolerance levels the same, so giving advice to others is no different from making things difficult for yourself . If someone asks me about bitcoin , I usually don't want to say much and what I tell them is to do their own research on the internet or find someone . I really don't want to be blamed or lose the relationship if their investment goes wrong .

Not only with investing but anything related to money , we should limit giving advice to others if we don't want to be bothered .

I don't think it's appropriate to use the phrase "have to" in this case. Still, the people to whom we give advice accept it on their own. They always have a choice and may not follow our advice. They take responsibility for decisions made. Our task is to express our opinion on this matter and present compelling arguments. Then it's up to the one who makes the decision.

I talked to many of my friends about Bitcoin in 2020, but most of them ignored my story and thought this was too risky a market to invest in. At that time, they were only interested in investing in stocks and real estate, which gave them more peace of mind. However, up to this point, after the outstanding growth of Bitcoin as well as this market, those friends now come to me to ask for comments about Bitcoin. They expressed regret for not investing in Bitcoin in the past, and asked me if it was still time to invest in Bitcoin now.

Actually, in 2020 I was quite excited to share Bitcoin investing with my friends, but now I'm quite reserved about it. Because I am aware that giving investment advice to someone carries a lot of risks, especially with relatives and friends. Not everyone who invests in Bitcoin can make a profit if they don't really understand it and hold it persistently. If they lose money, I might become the target of their attacks. Therefore, if you intend to influence someone's investment, you should be cautious and think carefully.

If you have told your friends about investing in crypto, of course that is very good, but you have to explain in detail about the investment about the risk of losing their money if they make a mistake in the investment they make and if they prefer to invest. There is certainly nothing wrong with altcoins, but they must be able to know for sure the type of altcoin they will choose and don't make a mistake in choosing the type of altcoin they will invest in so that they experience losses on the investment they make.

I was able to entice a bunch of my friends in High School and in College to invest in cryptocurrency, back when I was still a lowly crypto bag holder with a few dollars under his name. I invited them to join this forum for the moolah and the knowledge, and while some of them left the crypto world for good in search of more sustainable careers, there's still a handful of Day 1s who remained and have been able to achieve a lot of amazing things all because I told them about bitcoin and bitcointalk.

Take for example, this close friend of mine I would call "Steve", we were in the same IT classes back in college, and while a lot of our early bird friends left the crypto world for good back in 2022, some of them even earlier than that, and a couple more crossing us for the sake of money and a higher social standing amongst our peers, he stuck with crypto, right now he's living comfortably, hired by some crypto clients to make front-end websites for their projects and all that shit. So happy knowing that he deserved all the shit he's getting right now and more, plus the fact that he stuck with us through thick and thin learning the ins and outs of cryptocurrency, while studying all at the same time.

I guess that's just one of the success stories I have for a bunch of people I introduced to crypto to.

I could tell people but I'm not obliged to influence them and take responsibility for their investment. I say this because I try to get in touch with someone and my experience is too bad as he came back and blamed me for losing their money after buying Bitcoin. I really don't know the story of why he lost as I don't talk to him back as he never listens to my explanations anymore.

Whether you believe me or not OP, please don't try to talk to people and encourage them to invest in Bitcoin as they will turn you back and blame you. You'd rather spend your time on yourselves rather than bringing someone to the crypto space, especially when we feel they are not interested in this.

I have never done that because I don't want to get a headache in the long run. If they really believe in bitcoin, of course they should make their own move and start their own way to find out how Bitcoin became interesting to most Bitcoin investors.

Most of the people here in our country, when you share something that can help them, can blame you in the end when they don't make money, which they usually say, I trust you, even if we say that you gave a warning.