Have you successfully influenced someone to invest in bitcoin ? - page 9.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

Have you successfully influenced someone to invest in bitcoin ?

Yes, there is one person whom I was able to successfully influence to invest in bitcoin. I am talking about myself.

Frankly, at one time this was not very easy to do (influence the decision to delve deeper into the study of bitcoin) and it would have been better if I could have done it much earlier.

Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

What was the final result, did they thank you later for this ?

Looking at the current bitcoin's price rate, I think that this was the best decision in my life and I am very grateful to myself.

On the day I first learned about bitcoin, it was impossible to imagine that it would reach such a level of capitalization and price tag.

Quote from: Plaguedeath on May 05, 2024, 12:02:09 AM

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.

It is these side effects that hold me back from encouraging others to buy bitcoin. I have always believed that whoever wants to invest will find information on how to do it on their own, and those who don’t want to, it’s useless to try to influence them with your promotions.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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

Hmmm, I don't know TBH.

I shared my knowledge about Bitcoin to many people around me because they're asking about it, but they aren't asking for my help. I don't know if those people are still investing on Bitcoin or with any cryptocurrency currently, but one things for sure. If there's anybody that I influenced about investing into Bitcoin, they will come and thank me because I shared my knowledge with them.

Not an intelligent person here, but I'm just answering their question as best as I could. Influencing somebody about investing into Bitcoin has its pros and cons. One pro is that you will motivate a person to get invested into crypto, and if he becomes successful, there's a chance that he might influence somebody again, and it goes on, and on, and on. One con though is that, there's a chance that they will blame you if they lose money because they invested into Bitcoin. Luckily, this kind of scenario happened to me, but I'm ready just in case it happens.

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Quote from: oktana on May 05, 2024, 07:54:03 AM

Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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.

I see no big deal influencing someone into Bitcoin not forcefully or persuasively but by careful dissociation of the risk and benefits attached to Bitcoin. Bitcoin is associated with risk but takes only a simple knowledge and understanding not to fall victim, so it's a no big deal influencing someone to partake in Bitcoin as long the person would harken to rules and instructions to avoid losing his/her funds during the volatile phase of the market.

In a case we're we have to separate Bitcoin as not a Cryptocurrency, it's not a good ethic refering a person to crypto investment because there is no certainty of the Altcoin giving profits or even retain their value after a DIP but as for Bitcoin, there is 100% of not losing funds as long the person is interested for the long run.

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Quote from: oktana on May 05, 2024, 07:54:03 AM

Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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.

It depends on how you educate them on Bitcoin investment. If you just focus on price discussion then you are right about not pursuing them to invest because they will most likely panic sell when the price suffer correction.

On the other hand, You can educate them properly about the feature of Bitcoin and let them invest on Bitcoin on their own accord so that you don’t have any liability for their loses in case they do a bad trade. It’s not bad to help others understand Bitcoin feature so that they can invest on this phenomenal technology in long term basis.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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

I haven’t really convinced someone to invest into bitcoin, all i have done is show them directions and explain things for them when they show interest or come to me for advice. It’s good to convince people to invest in bitcoin but before telling them to invest you should tell them to first gain knowledge about bitcoin and understand the concept behind bitcoin investment so they don’t end up blaming you for their loss when their first experience is a bad one. All i know i have done is to refer them some few books and YouTube videos where they can learn about bitcoin before investing their money into it, i always warn them of the risks involved in investing and that the only way to minimize the risk is with adequate knowledge about bitcoin.

Investing and hodling is pretty much easier than trading but then all involves having knowledge and only with knowledge can one be able to draft out their investment plan and ideas. Investing without any plan is like investing blindly and it don’t usually have a happy ending.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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

No, and I don't want to. Someone thanking me for something I did isn't too good for which I would be ready to take the risk of taking the blame in case what I did for them or suggested them didn't work out. Believe me, it's not worth it, you are not going to get anything if someone invests in Bitcoin after you suggest it, even if their investment becomes successful and they thank you for it, there is no gain for you in that other than a few verbal praises.

However, if their investment fails and they lose money, you will not be forgiven for life and they will keep blaming you until either you or they aren't alive anymore, and I'm saying this based on a personal experience and occurrence where something similar happened. So I suggest no one does that.

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Quote from: oktana on May 05, 2024, 07:54:03 AM

Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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.

I don't actively give investment advice to anyone, but some people ask me about bitcoin and what I do is I always emphasize the risks of investing in bitcoin rather than mentioning the returns they have heard it somewhere. I want them to know that this market is not as simple as they think and making profits from bitcoin is not as easy as they dream. I have no intention of pushing them out of bitcoin or discouraging them from investing in bitcoin, but investing in bitcoin is risky and I want them to be aware of the risks they will be taking.

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Quote from: CODE200 on May 05, 2024, 01:45:56 AM

Quote from: Etranger on May 05, 2024, 01:11:25 AM

I only influenced my parents. They invested and made 3x on it, but I still can't call it a success because throughout the entire investment they believed that I was responsible for this decision they made. And during periods when Bitcoin fell or stood still, they were unhappy. I no longer plan to give investment advice to anyone. This must be an internal desire of a person. Only then does he take full responsibility upon himself, and not look for someone to push it onto.

That's the price of having someone rely on you for their investment, I think that they should know about this kind of thing by now that it's not always Christmas when it comes to investing in the bitcoin market, there's going to be depressing times that would lead to panics and they've witnessed their investments go up already, why are they still mad or upset about you, I don't think that they should consider or even do anymore investments if they're going to be this way with bitcoin. It's unlike my parents, they do want to invest and they know the implications and consequences of bitcoin investing and they're not mad at all and they've agreed to hodl for the long-term, I'm talking about retirement age kind of long-term which is a lot of time to be invested into and I just wish them that they'd get the most profits when they finally sell.

It only makes sense to pay such a price if you yourself are more interested in having someone rely on you in such a way. But I think that investments are primarily beneficial for those who invest money, and not for those who advise where to invest it. Therefore, the adviser should not pay such a price. On the contrary, investors need to turn to him and value his recommendations, and not shoulder responsibility for the decisions that the investors themselves made.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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

Manage to spread to word about bitcoin before to my friends and neighbors way back year 2017 but unfortunately only few people show some interest to learn about it since they find it interesting since its new to their knowledge. But also there's a lot of people decline the information what I'm trying to show their. And lucky to those people who came to learn even if I tell basic knowledge since up till know they are still participating on any bitcoin investment activities and some of them really earn a lot of money from bounty campaigns before and other activities they are doing.

Right now those people who decline when I try to introduce them about bitcoin starting to ask if I could able to teach them. But I decline them because what I think they are only interested because they see those people I teach before is now earning good cash on crypto and they are still the same nothing change on their life.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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.

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We should not force anyone to put money into Bitcoin but we can share our knowledge if someone wants to hear our words. Bitcoin investment is suitable for those who show their desire by themselves but if someone is not interested then we cannot immediately teach him about Bitcoin.

Bitcoin is expensive and everyone cannot make an investment in Bitcoin but it is important to stay tuned with Bitcoin information and whenever you find a chance to invest then you must have knowledge about it as knowledge never ends and will help you whenever you want to take help from it.

I think if someone has made an Investment in Bitcoin then he should not tell everyone about it, he can just share good points about Bitcoin investment but telling someone else about the amount of Bitcoin you have is not a better idea.

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I've talked to some friends here and there about Bitcoin - you know, explaining the basic idea of how it works as a digital currency and why I personally geek out over it. A few buddies were intrigued enough to read up more on their own after we chatted, but eventually decided taking the plunge into crypto wasn't really their thing. And hey, that's totally fine!

But there was this one time I was chatting to my friend over beers and he seemed seriously pumped about the whole Bitcoin concept after I rambled on about it and even transferred a bit of money over to dip his toes in. For a few weeks he was stoked because the price kept climbing and his investment was looking sweeter by the day. But welp, as so often happens in crypto markets, a correction dip came. Value started dropping hard and fast. He totally panicked and sold at a loss just wanting out. Poor guy! I haven't heard him talk about Bitcoin or investing since, lol. Guess I scared him off! Ah well.

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I told a friend of mine about bitcoin but told him about the risks of no that bitcoin investment will only give profit. Investing will depend entirely on their decision. But in fact hold is the only reasonable strategy for most crypto investors. Bitcoin investment is better for long term. A significant increase in cryptocurrency prices over time leads to a shift in shares in the portfolio. If you ignore them and invest you will be successful.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

Have you successfully influenced someone to invest in bitcoin ?

I have been asked what I am investing in by younger people who look up to me to know better than they do. I have referred a few to bitcoins, and I believe that my referral influenced their decision to invest in bitcoins.

Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

What was the final result, did they thank you later for this ?

Some of them were appreciative and have come back to thank me because I exposed them to information about an opportunity that many of their peers have no knowledge of. But because you can refer someone to an opportunity and they never follow it up, I always let these people know that they also had a role to play in their development because they acted on the information and referral that they received by doing their research first before investing.

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I am in fact, trying (you can check the thread I made). I have had some % of success. One of the things that sort of work, is gifting a bit of bitcoin to somebody. When that happens, such person, even if he/she is skeptical about it, he/she already "owns" some... and his/her perspective changes.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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

On a contrary I was the one who was introduced bitcoin investment. Since the person who introduced me to bitcoin investment is not here in the forum, I feel like speaking up for myself. Yes I have said thank you to him countless times. He is my friend who is doing far better than me today financially because he caught the vision on time. He kept disturbing me to invest in bitcoin back then but I was reluctant. The they I finally made up my mind was the best day of my life and I won't forget it. I have talk to few others but none is committed to investing at the moment, but am hopeful they will come around one day just like I did. Since it's something that they will be the primary benefactors, I don't have to make it look as if I have personal interest in it.

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Quote from: Maus0728 on May 04, 2024, 11:59:27 PM

I don't want to force them to learn something that they only have a vague interest in and we've talked to pass the time,

Good choice because humans somehow usually lose more interest when other people tell them to do it. It is like it is in our nature to go against what is being said to us. So I have seen some cases where you tell someone about bitcoin and they just end up not believing it or something. It is exhausting to have to convince someone that does not want to be convinced.

Quote

I don't like to be blamed for something because I've forced them into it, that's not really my style.

the funny thing is even if you just mention it in the passing and not really force them to do anything they will still say that it is your fault they invested in the first place.

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

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

We have strategized on the top goals and carrying those that are willing to embraced change. We should emphasized on successful results and not giving you because everything comes with solid plannings. Cryptocurrency is not a get rich quick scheme and we have turn on specific goals for ourselves in the system. I've persuaded one of my very close colleague to invest in bitcoin and today he's one of the happiest man alive because he's in stuck in profits after bitcoin breaks the ATH (All-Time High).

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i have influenced someone but it was just my brother. and the money he used to invest in BTC was also the one i gave to him Grin

i guess it's just the only way i can make him feel how investors feel when they have something to be proud of.

after influencing him to own some BTC, i advised him not to feel very confident in trading even when he learned it well. somehow you can't prevent them from investing in something else such as memecoins. Grin

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Quote from: krishnaverma on May 04, 2024, 11:26:17 PM

Have you successfully influenced someone to invest in bitcoin ?

No but the only reason why is because I have not tried to. From time to time, I get the urge to tell some of my friend about bitcoin as they talk about how much they are struggling but there's something that prevents me from doing so.

I care for my friends but I do not want to be responsible for any of their financial decisions. Be it good or bad.

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