Topic: How can I handle this? - page 2. (Read 478 times)
By listen and working hard for the betterment of the future.
How do you go about showing people how to invest in crypto? What are your do and don't? I'm trying to avoid some negative vibes from people around but they thought I intentionally don't want to show them way, they can't handle the crypto pressure, they lack patience I know because we grow up together.
You can avoid hearing negative feedback from people just thinking it was normal. But I suggest you stop telling people about crypto for they don't listen to you, honestly. Unless you have something to show them like being successful or anything that could prove the existence of Bitcoin. Actually, I did this before to one of my closest friends but guess what, you can hear them saying "be careful it was a scam bro". Think that if you don't have thick skin, you'll probably be disappointed with their response. Its only losses your confidence and misunderstanding. It was best to wait until the moment that they will ask you about crypto, that is probably the time that they will listen to you.
If no one asked you to introduce them to cryptocurrency, it's a bad idea to wanna introduce them to it in the first place, but if they showed interest, it's in your best interest to help them out as this might make you gain more respect from them. But while introducing them to cryptocurrency, be sure you tell them the truth about it: the risk involved, possible difficulties and disappointment they might experience as a beginner and all other bitter truth that there is to be swallowed by them, after all of these, it's now their business to make decision to go ahead or not.
I remember I once asked one of my brother's friend to teach me cryptocurrency, but he snubbed me, I felt sad cause I was enthusiastic about cruptocurrency then. So, it might not be a good idea to assume someone wouldn't be able to cope, meanwhile they are pressuring you to teach them.
I remember I once asked one of my brother's friend to teach me cryptocurrency, but he snubbed me, I felt sad cause I was enthusiastic about cruptocurrency then. So, it might not be a good idea to assume someone wouldn't be able to cope, meanwhile they are pressuring you to teach them.
How do you go about showing people how to invest in crypto? What are your do and don't? I'm trying to avoid some negative vibes from people around but they thought I intentionally don't want to show them way, they can't handle the crypto pressure, they lack patience I know because we grow up together.
at first, cryptocurrency is meant to have full interested of, because educating someone to invest on it, you can not pushed someone on it because of it's disadvantages during investment, whoever that come close for educating he/her cryptocurrency especially bitcoin, teach the person but ensure you let person know the disadvantages of cryptocurrency during investment, and also the advantages of Bitcoin investment, after giving them scooped of the investment you tell them to kicked off investment, or same way someone introduce you into cryptocurrency you as well do that to others.
If you acknowledge that they lack patience then you need to start minding your own business, sooner or later they will let go, before I teach someone anything about crypto they must have tried some things out themselves, they must have taken some steps, this way you won't be held responsible for any loss.
The best is to educate them instead of giving some trading advice to them because they will suffer loss and blame you for them.So the best practice according to me is to introduce them to the learning aspect of this market which they will understand according to their mind and best outputs will be delivered to them.Everyone has his/her choice which they prefer with what they understand.
How do you go about showing people how to invest in crypto? What are your do and don't?
For starters I always advise people to not invest in crypto aka altcoins and instead stay away from them.When I introduce people to this world, I introduce them to what matter which is bitcoin and nothing else since others are just pump and dump and I don't want to introduce people to a world of scams. When it comes to bitcoin I will introduce them to the utilities that bitcoin can provide them as the only decentralized currency in existence, instead of telling them to invest in it and wish for profit!
Until now I'm still torn between sharing Bitcoin information with friends and acquaintances and not talking about it at all. Many a times have I found myself talking about Bitcoin with someone who'd rather insist on what his/her impression of the technology is. It's more or less pointless to end up arguing against somebody who is fully convinced of what little knowledge he/she has.
I can still remember a close friend who told me Bitcoin is simply a technological bubble whose hype is temporary. That was way back when Bitcoin's price was less than $2,000. I didn't argue after making my point. I'd rather let Bitcoin, its adoption rate, and its price growth speak for itself.
I guess that's the best thing to do. Make your point and that's it. But don't exhort them to invest. You might be blamed later on. Just give them the information and let them decide for themselves.
I can still remember a close friend who told me Bitcoin is simply a technological bubble whose hype is temporary. That was way back when Bitcoin's price was less than $2,000. I didn't argue after making my point. I'd rather let Bitcoin, its adoption rate, and its price growth speak for itself.
I guess that's the best thing to do. Make your point and that's it. But don't exhort them to invest. You might be blamed later on. Just give them the information and let them decide for themselves.
Personally, I will tell to someone who wants to know about the crypto world because I think that joining or getting involved in the crypto world requires awareness and also a strong mentality so that they can face this uncertain crypto market. As a person who is a little more familiar with the crypto world than ordinary people, it would be better if we tell them in terms of the benefits and risks that can be obtained. the rest if they want to accept it then that will be good, but if they argue and think we are not showing the way then it's up to them and all the risks are borne by each. The crypto world needs to be underlined here that the crypto world is not that easy but also not that scary to be involved in, so it depends on how we handle and manage our crypto assets.
It's not that I don't want you to spread awareness or to tell people to invest in crypto but if you're going to tell them to invest then tell them at least the risk of investment. And maybe most people that you've told know the risk already that's why they're losing interest.
What are your reasons though why do you have to keep telling people to invest in crypto/Bitcoin?
Does it make you rich if you keep telling different people to invest in crypto?
For some people, if you are so persistent about it they might think it's a scam although with a proper knowledge people might understand but don't annoy people by keep telling them or forcing them to invest.
If I were you, I would leave them alone and let them know my success through the things that I bought.
What are your reasons though why do you have to keep telling people to invest in crypto/Bitcoin?
Does it make you rich if you keep telling different people to invest in crypto?
For some people, if you are so persistent about it they might think it's a scam although with a proper knowledge people might understand but don't annoy people by keep telling them or forcing them to invest.
If I were you, I would leave them alone and let them know my success through the things that I bought.
How do you go about showing people how to invest in crypto? What are your do and don't? I'm trying to avoid some negative vibes from people around but they thought I intentionally don't want to show them way, they can't handle the crypto pressure, they lack patience I know because we grow up together.
First, if you think that they're going to bash you because you're teaching people how to invest in this market, you should just mind your own business and ignore the bashing. There will always be those people that would be negative look at you for whatever you do, whether it had been good or bad.The best approach is to just wait for someone to ask you and don't force it to anyone that you think that they're not interested at all. You let them come to you and wait until they voluntarily ask investing questions related to cryptocurrencies.
It's hard to influence people to invest in cryptocurrency if they aren't familiar with that. We can introduce them to cryptocurrency and let them decide for themselves. I learned from my mistakes to influence someone to invest in cryptocurrency. They regret it once the price falls down and become panicked. So it's quite important to teach them about the technology of cryptocurrency and how it works. If you intend to adopt cryptocurrency then share with the nearest. If they become interested then they will learn themselves.
I advise you to be very careful when telling people about crypto investment.
Your friends need to understand that investing in cryptocurrency is very risky and that such investment should be approached very seriously and only when they are well informed about everything.
Help them with basic information and share some sources where they can get more detailed information, but the final decision on investment and how to invest must be exclusively theirs.
They must be fully aware of the risks and take personal responsibility for all their decisions.
They must also have a clear investment goal and exit strategy.
If they can't do all that, I think it's better that you don't tell them anything and don't help them. Investing is simply not for everyone.
Your friends need to understand that investing in cryptocurrency is very risky and that such investment should be approached very seriously and only when they are well informed about everything.
Help them with basic information and share some sources where they can get more detailed information, but the final decision on investment and how to invest must be exclusively theirs.
They must be fully aware of the risks and take personal responsibility for all their decisions.
They must also have a clear investment goal and exit strategy.
If they can't do all that, I think it's better that you don't tell them anything and don't help them. Investing is simply not for everyone.
If you have one-on-one dealings with new potential crypto investors you need to make sure that they understand the main risks they could be taking. It is also necessary to help them make a plan for how to deal with these risks, which should be delivered in a non-threatening manner.
In most crypto cases, the fundamental problem isn't that people don't know about Bitcoin and cryptocurrencies. It is that they don't know how to evaluate risk.
I also believe that there are indeed some people who cannot resist the prospect of quick money. This is when I'd tell them:
'Do not buy it until you've considered all the risks. Do not believe others that tell you that you are going to be rich. Do not buy until you're sure that you really understand what you're doing. If you don't understand the risks, and you don't understand how the profits are distributed, it might be a good idea to keep the money under your mattress.'
In most crypto cases, the fundamental problem isn't that people don't know about Bitcoin and cryptocurrencies. It is that they don't know how to evaluate risk.
I also believe that there are indeed some people who cannot resist the prospect of quick money. This is when I'd tell them:
'Do not buy it until you've considered all the risks. Do not believe others that tell you that you are going to be rich. Do not buy until you're sure that you really understand what you're doing. If you don't understand the risks, and you don't understand how the profits are distributed, it might be a good idea to keep the money under your mattress.'
How about scaring them away and look for those who will stay after? This is a good trick to seek out those that are ready for the worst-case scenarios, first thing tell them about the risk involved in crypto investment, tell them about how they can lose money buying coins and tokens just to see how they will handle that.
Explaining first how Bitcoin works is a good way to initiate, just like talking first about the technical side of Bitcoin like how it works, how to use, etc.,
After that, talking about the opportunity for investment where you will explain the good and bad side, like good side is you will possible make profits if they bought cheap bitcoin and sell it in the future with a high price.
I can relate with you, I also experiencing this for long time like lot of people don't understand what Bitcoin is and they are just telling some negative things about it.
After that, talking about the opportunity for investment where you will explain the good and bad side, like good side is you will possible make profits if they bought cheap bitcoin and sell it in the future with a high price.
I can relate with you, I also experiencing this for long time like lot of people don't understand what Bitcoin is and they are just telling some negative things about it.
Just tell them some of the main risks of investing/trading cryptocurrencies(to not let them go in totally blind), and tell them the best crypto trading app for your jurisdiction. If they make money or lose money in the end will totally be because of them assuming you didn't actually shill them crypto trading/investing.
How do you go about showing people how to invest in crypto?
Whatever your good intentions, doing such things in real life is not only stupid but also dangerous. People will first think that you want to deceive them with some MLM or Ponzi scheme, and when they see that the value of their investment is melting - who do you think they will blame?
I was on that path, I paid the price for wanting to help others and I will never tell others again what they will do with their money. If you still want to advise people, create an anonymous blog or something and do it without compromising your privacy - but keep in mind that it is wrong to promote Bitcoin just on the idea that someone will profit from it because most can not cope with the fact that at some point their investment will be overshadowed by an unrealized loss.
How do you go about showing people how to invest in crypto? What are your do and don't? I'm trying to avoid some negative vibes from people around but they thought I intentionally don't want to show them way, they can't handle the crypto pressure, they lack patience I know because we grow up together.
It depends on who you're attempting to persuade about cryptocurrency. You see, almost everyone, especially the online literates, has heard of Bitcoin at some point in their lives, but how they understand it differs, so in trying to encourage someone about Bitcoin as freedom and internet money, you must first understand the type of person you are trying to convince, as people have different perspectives on things.
Using myself as an example, my peer group of friends has this desire to do bitcoin because:
Group A has the full vibe that Bitcoin has gone from $3000 to $60000 in less than two years and they are inspired by such a move and all wants to try their luck by learning some basics against the next bull cycle.
Group B has heard that Bitcoin is a good money-making investment, but they don't know how to set up a regular wallet.
I don't care what you've heard about bitcoin, I'll tell you what you need to know, including how to avoid scams, security and privacy, general knowledge and how to buy and sell, but I will never make the mistake of assuring anyone that the price will double in the coming years. One of the practices of holding bitcoin is being patient and if you don't have it, stay with your physical business and paper money.
The thing is, all you can do is to provide them with materials that will teach them about Bitcoin, as they read such materials if you yourself are knowledgeable about Bitcoin then you can assist them to understand what they read better, but mind you that you should neither convince nor compel them to join in the network. Here is one of such materials that can be of help:
5 Resources to teach Average Joe about Bitcoin
From your post it is basically clear that your friends understand the Bitcoin network to be a "get rich quick scheme", people with such mindset are very difficult to coach about Bitcoin, they must first of all understand quite a lot about the network or else they will just solely concentrate on trying to make money which will lead to losses in the end cause of their impatience and greed.
Mind you also that you should not take it upon yourself to personally teach people about Bitcoin, you can tell them a thing or two though and allow them do their own research, but do not present yourself as a Bitcoin hodler or investor, you are making yourself open to attacks of many sort, read this thread to understand better:
why it's important to avoid telling everyone about your crypto holdings
5 Resources to teach Average Joe about Bitcoin
From your post it is basically clear that your friends understand the Bitcoin network to be a "get rich quick scheme", people with such mindset are very difficult to coach about Bitcoin, they must first of all understand quite a lot about the network or else they will just solely concentrate on trying to make money which will lead to losses in the end cause of their impatience and greed.
Mind you also that you should not take it upon yourself to personally teach people about Bitcoin, you can tell them a thing or two though and allow them do their own research, but do not present yourself as a Bitcoin hodler or investor, you are making yourself open to attacks of many sort, read this thread to understand better:
why it's important to avoid telling everyone about your crypto holdings
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