Topic: how can u tell ur parents and and siblings to invest in Bitcoin or crypto? - page 2. (Read 363 times)
October 12, 2024, 01:06:58 PM
Well, you can start by telling them the benefits of crypto currency and ensure you give them a proper education on it. You have to let them develop interest in it, telling them to invest in it without them knowing the technicalities of the financial market isn't really adviced. If anything goes wrong they will blame you for it and remember that they are newbies, they are not emotional and psychologically mature as you to be patient enough to hodl when the price of Bitcoin is going down, due to their fear and impatience they might even lose money. It's important that you tell them about the risks involved.
October 12, 2024, 11:55:20 AM
Bitcoin investment is not a get rich quick scheme and when investing, it takes a very long time for it to mature for profits making it not possible for you to show how important bitcoin investment is with your lifestyle. Telling our parents on investing in bitcoin depends on their financial status and if they are open to new technology.
If your parent are the skeptical type, there is nothing you will tell them that they will listen especially when they are rich. It is good that you don't stress yourself too much on convincing anyone to invest in bitcoin because if something happens to their bitcoin investment based on their own fault, they will hold you responsible. Also remember to tell them about the risky side of bitcoin not only about the good side.
If your parent are the skeptical type, there is nothing you will tell them that they will listen especially when they are rich. It is good that you don't stress yourself too much on convincing anyone to invest in bitcoin because if something happens to their bitcoin investment based on their own fault, they will hold you responsible. Also remember to tell them about the risky side of bitcoin not only about the good side.
October 12, 2024, 08:06:59 AM
It depends on whether your parents dey tech savvy and literate. This two things dey important because them need to dey tech savvy so them go fit store and protect their bitcoin by themselves. From my own experience, the older generation no dey trust online business with big amount of money. Them prefer to buy real estate or start a business than to buy crypto. E go dey very hard to convince them to do otherwise. At best, them fit give you money say make you trade am then give them profits after so so period. That one dey get as e be because bitcoin dey volatile, the time them dey expect their profit fit go fall for bearish market, how you won take explain am to them then?
October 12, 2024, 06:13:53 AM
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
as e take concern persuading your parents to consider investing in Bitcoin while you're still depending on them for most of your needs, na wetin no go work out well because an average Nigerian parents when no sabi things about technology no really know much about crypto and if you even tell them you de invest in crypto, them go assume say you de into illegal way of making money.So the only way to persuade a person to something is when u are the example of ur words.
Personally, I no fit reason to tell my parents say make them invest in Bitcoin because I know say them no go fit de patient enough to allow thier investment yield better profit before them go wan use am. Most parents de like those kind investment when de yield quick returns when them go fit influence and no go wan invest for a volatile asset like Bitcoin. If after you don convince them to buy Bitcoin and them come listen to you buy am, once the market DIP, just de ready say them go put am for your body wetin no nice. If they are well educated And can relate to what's happening currently in the world and understand basic things about Bitcoin investment, then to help them get a further knowledge and proceed to investing no go be hard something.
October 12, 2024, 04:09:13 AM
First of all I have seen so many post similar to this topic so I like adding my own ideas when I come up with a plan so I will share a little of my own knowledge here.
So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies and at last they don't see success, so I came up with my own idea so I won't go wide I will just state based on the topic I have made.
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
Yes wat u said op is correct because before you can be able to convince people into doing or investing in any investment there must be a kind of evidence , when the people u want to introduce into a new investment maybe Bitcoin and u can't show any evidence to them hardly will they believe you. Just like a poor who is in rags and is talking about introducing someone to a million naira deal, those people will find it difficult to believe him but once they see result them u will not find it difficult in persuading them. So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies and at last they don't see success, so I came up with my own idea so I won't go wide I will just state based on the topic I have made.
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
October 11, 2024, 11:42:27 PM
Make no body experience loss come say na person introduce am because nothing pain reach like that, how Nigerians them dey think even this hamster some Dey point finger but we no fit compare bitcoin and hamster only wetin person go do na plan the investment well. Concerning your opinion, spending with bitcoin investment or outside the investment because I no really get meanwhile early investors don’t depend their bitcoin to pay bills rather na work except na person wey don invest since. Some Africa parents even dey into crypto na why I say educating bitcoin go hard for some and some go dey simple, prove of evidence really good because you no need to do much talking as op done set the example.
October 11, 2024, 05:57:50 PM
So the only way to persuade a person to something is when u are the example of ur words.
Yes, living the life of success, has always been one of the best way of advertising Bitcoin to people all around your neighborhood, because you literally can't blame them if they failed to believe you while telling advertising about Bitcoin being a legal and reputable investment, due to the results of multiple online Ponzi schemes scams which took place, and resulting to many people losing lots of money, just like in the case of MMM and Twinkas. Hence, living a life of a successful Bitcoin investor has always been the easiest way to influence others into believing it's truly legit. 
October 11, 2024, 04:13:07 PM
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
Everything does not aggravate to persuasion, sometimes you don't need to persuade someone into doing something especially when it happens to be financial activities. First and foremost, interest is the primary factor with just a few consultation which explains the kind of investment he/she is about getting into, secondly the individual representation to what is being talked about in terms of appearances, trust and in behavioural aspect. I believe no parent would like to identify part of their hard earned money towards a child who is behaviourally ill because they may find him shady enough to lure them into danger trap and wonder if truly what he propose to them is really authentic. So the only way to persuade a person to something is when u are the example of ur words.
Not undermining, it is a nice conduct advising one's parent to start investing and helping them manage it especially when they have enough to spare because it will be hard for them accepting the process when they barely can sustain, once told about the volatility and probably may not be opportuned to withdraw when wanted due to some Bitcoin DIP happening.
October 11, 2024, 04:10:41 PM
The easiest way to convince someone to do something is to do what you as asking them to do and doing it very well so that the evidence will do the talking for you. The problem most people have while convincing others to invest in Bitcoin is that they don't have substantial evidence to show that it is worthwhile. So if I want to tell someone close to me to invest in Bitcoin, I will simply show them some evidence, to an extent that will not make me feel uncomfortable.
You're right, before thinking on how you're going to convince your parents or siblings to invest in bitcoin, first and foremost you need to have evidence/prove so that they won't look at it as scam or something else. Actually, you know when you're telling someone about a particular thing and you're being so optimistic about it, if you don't have enough evidence about what you're talking about. In some cases the person might even think that you're among those scammers who're scamming people using crypto strategy.
October 11, 2024, 03:55:09 PM
The easiest way to convince someone to do something is to do what you as asking them to do and doing it very well so that the evidence will do the talking for you. The problem most people have while convincing others to invest in Bitcoin is that they don't have substantial evidence to show that it is worthwhile. So if I want to tell someone close to me to invest in Bitcoin, I will simply show them some evidence, to an extent that will not make me feel uncomfortable.
October 11, 2024, 03:12:19 PM
Back to your question, do you really think it's easy to convince the parent of nowadays? It's not easy man, if you even have parent who are not educated, even though you are living a good life that is example to them, some parents are not going to believe you because they prefer all these physical investments, make them see where their money dey but online investment, it will not take more than a month and dey will start to dey ask you whether them don make huge profits.
We have parents who are extremely rich and have a lot of money to be invested in Bitcoin but they do not have the knowledge or understanding to take advantage of this platform. As a child, if you have the information of how it will benefit your parents, let them take advantage of it.
Bitcoin doesn't discriminate or set limit to anyone who wishes to invest in them, being it a young person or an old one, the opportunity is enormous, it has open more doors to those willing to explore the online financial platforms particularly the decentralized technology.
October 11, 2024, 03:01:31 PM
So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies and at last they don't see success, so I came up with my own idea so I won't go wide I will just state based on the topic I have made.
The reason why it is not good to persuade anyone to invest in bitcoin or even do anything in the crypto space is that, whether holding or trading is all attached to some certain risk, that is, not everyone will be able to take the risk, so instead of persuading someone to invest, you rather educate that person in a way that they will understand because persuading is just as if you are going to convince them to invest or trade. And that is why the blame is always on the people that make them get into crypto because they did not let them know about the risk that is attached to what they were about to do.
October 11, 2024, 02:40:14 PM
First of all I have seen so many post similar to this topic so I like adding my own ideas when I come up with a plan so I will share a little of my own knowledge here.
So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies and at last they don't see success, so I came up with my own idea so I won't go wide I will just state based on the topic I have made.
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies and at last they don't see success, so I came up with my own idea so I won't go wide I will just state based on the topic I have made.
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
The problem we have is that everyone want to dey act smart, everyone of us no wan lose money in any way but we want to make money. Even though the person is not part of your family, if you meet person and tell them that this so so investment they pay, and they have to start with such amount of money, if you are not a good example for them they are not going to believe you, they might be like person wey never make am want to show another person way, and that's how a lot of us has been missing a lot of opportunities in life, we always want to follow who know road, so we can tap from their blessings.
Back to your question, do you really think it's easy to convince the parent of nowadays? It's not easy man, if you even have parent who are not educated, even though you are living a good life that is example to them, some parents are not going to believe you because they prefer all these physical investments, make them see where their money dey but online investment, it will not take more than a month and dey will start to dey ask you whether them don make huge profits.
October 11, 2024, 01:17:46 PM
Crypto is filled with a lot of opportunities it doesn't matter if you are a trader or into hodling but this requires some knowledge and careful study. I can't really tell or convince anyone to invest in Bitcoin or crypto when they don't understand how the market functions, what do you think is going to happen if the people you convinced to buy Bitcoin starts seeing the price going down, volatility is something that's constant in the financial market but the people that you have told about it don't understand it the way you do and before you know it they might start panicking, you can tell them about it but don't tell anyone to invest.
October 11, 2024, 09:21:46 AM
If you know such a thread is existing, just go and comment there instead of posting a new topic about it. But I do not think I have seen such a thread since some months ago.
About your post. People believe in those that are earning money from what they are advising someone to do. If you get car, have a good house and living good, people will believe you. That is correct.
So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies
This my reply is kind of off-topic but it is worth knowing. If your have money and your parent depend on your investment advice, avoid altcoins. Anyone doing that is only gambling with his parent's money. Also the right time for such is when the market has fallen so much. It is good to be patient about it and invest at the right time. About your post. People believe in those that are earning money from what they are advising someone to do. If you get car, have a good house and living good, people will believe you. That is correct.
October 11, 2024, 08:20:57 AM
First of all I have seen so many post similar to this topic so I like adding my own ideas when I come up with a plan so I will share a little of my own knowledge here.
So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies and at last they don't see success, so I came up with my own idea so I won't go wide I will just state based on the topic I have made.
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
So many people in this forum have been asking what they would do if they persuade someone to invest in Bitcoin and crypto currencies and at last they don't see success, so I came up with my own idea so I won't go wide I will just state based on the topic I have made.
A person can't persuade another to do something when they have not yet seen the results for example, you as a child you depend on your parents for every of your up keep and at the end of the day you go telling them that you have an investment you want to introduce to them, and knowing how our African parents can be smart with questions especially when it comes to an online business that involves money it will be a waste of energy trying to persuade them when they haven't seen the good news in you but when u stop depending on them and pay ur bills they will be wondering what's going on they will want to know what you do from there u fit run enter them and they will be eager to listen.
So the only way to persuade a person to something is when u are the example of ur words.
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