Topic: how can u tell ur parents and and siblings to invest in Bitcoin or crypto? (Read 369 times)

Do you know that your results can actually boost them to pick interest? Yes, your results can make them to pick interest seeing that you are having sufficient funds and leaving a cool life as well as assisting the family when they are financially down. With the results you would see that they will pick interest to ask you things you are doing in the cryptocurrency space and investment would be that easy for them to invest without you even having to go preach for them to invest.

When pipo see results from something, e dey motivate them to wan do that thing and no be lie because even the other big form and pipo sef na results them dey use do advert because for you to convince person to com join something, na way of advertising dat things actually, as for our siblings and parents na different thing all together no be lie.

Sometimes sef even when dem see the results sef dem go still say no wori make u dey do den dash dem money after all Dem be your blood so your mama go except make you give her same as your papa but a few too go try put money see how e dey b but dem no go gree put plenty money for d first time, your siblings wey dey tech inclined fit support you even without really getting to see that result fes so na for parents wey dat thing really apply but no be all of them sha.

The best way to tell them to invest in Bitcoin is by showing them the positive results. To explain my point I will use affiliate marketers, they try to convince people to invest in whatever it is that they are advertising and also claim to make money from it but they have nothing to show for, which makes everything completely false. In order to convince your family members to invest in Bitcoin or crypto they must know that it's profitable to you first..when it comes to crypto it's important that you don't try to convince you should do more of teaching about it first.

There is nothing bad persuading people to buy Bitcoin but I don't think I have try to convince anyone to Buy Bitcoin unless they perhaps feels like buying it and ask me to guide them, that's when I try to help them through because you see Nigerians, they are very problematic with money, many of them are impatient and are ready to skin you alive if there money expected doesn't goes as plan and because Bitcoin is unpredictable, I don't stress myself.

Another challenge why I don't bother myself is that the economy is tough for everyone, we have to admit the truth that parents are trying to adjust to the current economic situation and the increasing inflation in the country and because Bitcoin might not give quick return on their money, it's better I leave them use their money to handle the stress of the economy and how to handle the increase in general rise of goods and services, some parents and families are just alive, this government has messed up with them completely.

You don't need to persuade or force and beg any of your family members to invest in Bitcoin or cryptocurrency, let the Bitcoin you are into speak for you, you know that times are hard ,and then you the Bitcoinner in the family is not affected by the present financial challenge in the country,you are so comfortable , and your money is there to take care of yours'and the family bills is enough to convince them that Bitcoin is real and genuine. Let your actions speak for you and when explaining to them make sure you take it bit by bit, don't rush them,allow them make up their minds, if not, they will not be serious about it.

You will think that you came up with a nice plan for you to persuade your family members specifically your parents in to crypto currency. But I will tell you this for free, the biggest mistake to make in crypto currency at large is to persuade someone to join. I know you will be surprised, but due to it complexity it is very easy for someone to loss all his money in just a small mistake and they will direct their mistakes to you since you are the one that introduced them.

You have a good intention to introduce your love ones to crypto currency, but the truth is that you should not persuade anyone to join, but if there have the wish to join and they meet you to teach them then you will use that opportunity to explain more to them.

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I know you will like to see people that you love success, but persuading them to join is really a wrong decision. Because is not all of them that will have that strong heart to endure the loss of funds. We all know that the economy of Nigeria now is not smiling for anyone, let know the decision you make.

Exactly,the only way a person can persuade someone to get involved into Bitcoin is by the person's lifestyle.We humans,we believe in outcome, people would like to see the outcome of what you do before believing, there's this popular statement people normally say(Seeing is believing) in essence they want to see what the outcome would be before believing.In regards to Bitcoin,it isn't necessary to convince or pressurize a person to get involved rather it's a choice,there are many parents that don't just believe in online investment no matter how convincing your lifestyle may look,so it would be wise if they invest on what they are conservant with like real estate and assets like stock.
However, Bitcoin investment isn't a short term investment and and also not a get quick rich scheme investment,so if I would tell my parents to invest on Bitcoin it's likely that I would explain the basic knowledge of investing on Bitcoin.The basic knowledge of investing on Bitcoin involves;
1.Bitcoin is a volatile digital asset.
2.Holding for a long term is more profitable than the short term.
3.Building an emergency fund in order not to tamper on their holdings
4.Introducing a suitable accumulation strategy like the DCA strategy.
5.The best storage platform to hold their Bitcoin for a long term.
After educating them on the basic knowledge of investing on Bitcoin it's left for them to make their decision.

African parents are very sensitive when it comes to online investment especially when they are not familiar with trends and tech. At some point, I have to build up a trust between my parents and siblings for them to invest into Bitcoin and crypto.

Even though I might not have made some profits from it, I have to tell them about investors who are making good money from it and how Bitcoin have been appreciating from the launched day till date.

I will not keep the demerit from them because it's very crucial but the merits has to be more and at the same time, take the trading very serious for them to have a change of mind on investing.

Honestly I can not tell anyone to invest in Bitcoin or crypto but the least I can only do is to share the little knowledge that I have in regards to Bitcoin  and other coins but when talking about investment I think that it should be a thing of choice for anyone to personally take that very decision because people has a chronic ways of blaming the person that encouraged them in to investment when things didn't work out as expected but when it works out good they also find it difficult to show appreciation, telling anyone to invest maybe wrong but rather you should teach them what you know and allow them to make that investment decisions that is opinion as to this regards.

Exactly, it is not a good idea to persuade someone to invest in bitcoin not only bitcoin but any other investment or business must especially when it has to do with online. Because you will be thinking that you are doing that person a huge favor, hmmm you will never knew whether it is a favor or a disaster until everything goes wrong with the person money, because some people are not going to think that you were trying to help them, they will put all the blame on you, and you will be lost in thoughts because you will not be able to defend your self.

Rather I suggest that you should motivate the person but don't convince them. Make them see what you have earn and profits you made in bitcoin investment, explain how risky it is to them, make them understand that they will gain and they must lost, that is a fact. After you've explained everything to them they will decide whether to invest in it or not. No matter how much you try to convince some people they will never agreed to it, because they will be thinking that maybe it's scam.

Op I think the word persuation shouldn't be used in terms of Bitcoin investment irrespective of whom you are trying to convince, though I have thoroughly look at the points you made concerning the subject of discussion which you categorically stated that it may have been discused earlier by some other persons, your observation and points regarding a potential Bitcoin investor is right because i believe that someone who wants people to invest in what he or she is fully involved in, should have something to show for it, Bitcoin investment is practical and everything involving Bitcoin investment should be a personal stuff so persuasion should be frowned at even though you prove to them that you have already gotten some profit in it, its also advisable to allow whosoever that's involved to make a personal decision to that effect to avoid blame.

I really love your point about showing what you have achieved so far in Bitcoin before preaching to other people about Bitcoin investment but I want you to also understand that different individuals has different believe as such there is nothing you will do to convince them to invest in what you tell them irrespective of your practical examples, these individual has centered there mindset in different things and it has made them to have a myopic mindset about every other investment no matter how beneficial such investment could be them.

It won’t be a complete waste of time, in my opinion. How your parents will react to the information will depend on the type of relationship and connection you keep with them. If you are the type that respects your opinion, even when they are still the ones supporting you with little things, they will still listen to you if you bring investment discussion to them as long as you have every detail information about it and you can answer all their curiosity questions, but if they still don't want to go ahead, you let them be; that’s their decision, not because you haven’t invested in it but because they don’t want to take the risk. 
 
I can remember finding myself in a little bit of a similar situation during the time of MBA FOREX Investment that was before my time in this forum, where I convinced my mom to support me with money that would be collaborated together and invested with the expectation of weekly payment, but at the end of the day the money ends up being stocked there. She trusted my information not because I have first-hand experience but because she trusted me as a person and her child.

Seeing is believing that what people want, I agree with wetin you say because you no go dey under your parents care and the same time you  go persuade them on something wet go bring money, they no fit believe you because say they dey do everything for you, but as OP talk am wen you don dey benefit from that thing and the thing they show for your body then dey go like listen to you because you be example of that thing. The only advice wey I go give this person be say make him go find more knowledge about crypto and make e dey try go am with small small money wen em they get before him go call other closest people.

Sharing additional ideas of an existing topic is not bad if your ideas are good enough to stand on their own. It’s true a lot of people have been asking how they can persuade a person to invest in bitcoin but the truth is in my opinion i don’t really see the necessity in trying to convince people to invest when in the end they will pour out the blame on you when the investment doesn’t go well. You shouldn’t force yourself to convince people, when a person shows interest in bitcoin you should not hesitate to teach them but i advise you don’t make it a priority.

Yes na the koko be that, nothing like say you wan force person make them learn about bitcoin. Na just as i say, if anything do their money dem no go allow you rest them go blame you about their losses so na why you need to properly explain the basics to them so they will know what they are getting into so they don’t blame you later.

No lies here, me I dey always talk am say the best way to make people join you for this industry without you asking them, na your lifestyle.

Country hard but when the hardship no they affect you already you done they get people wey go want to know wetin you they do and when you tell them say na crypto, them go pick interest in am.

Na for you now to hold their hand well and show them way instead of living them to look for the way themselves. People they find wetin them go do to get the bread so when you they alright and them know say no be fraud wey you they do. Nobody go tell them to come meet you for help. Our lifestyle is a better testimony than using our words to try to convince anyone to join you at what you are doing.

We all knows that cryptocurrencies is not stable because they all fluctuate, even the coins we think is stable is not stable because it can not stay in one position for over a year or a half. Even though we have made a profit from crypto currency and we advised someone to invest on them, those same people you advised to invest in Bitcoin might not be opportuned to make a profit as you do, they might lose and you will answer to their questions. Crypto currency is not for all that is the reason why you it is not good to persuade anyone to invest on it.

When introducing people to bitcoin, you suppose allow them know all the basic things wey bitcoin Dey about, and you no suppose even force anyone body to invest in bitcoin, because if anything happen to their money, na you dem go hold responsible, dem go talk say maybe na you scam them self, so when investing, make sure say you tell them say Dey fit lose money, no hide anything from them, because if you wan hide things, if anything later happen, na you dem go blame, and you go come be like bad person.

Plenty people Dey wey I don introduce to crypto, and na because dem know say I Dey leave fine, almost all my brothers and sisters Dey crypto, and na because dem see say I Dey make money from am, and dem join to. But if you Dey depend on your parents for survival, me I don’t know how you going to explain that kind of thing to people. If you are an investor, and you making money from it, you should still be depending on your parent.

OP to be honest with you your post also point the same thing as those other thread because I believe I have come across such thread before, so like Charles-Tim said it would have been better if you would have just air your opinion on that place but however is okay if you feel you needed to add some things you feel that was missing on the main thread, so actually based on the category or the level you feel that somebody will reach before they can be able to convince someone or there parents into investing on Bitcoin, you should also no that e get how many parents they behave for this country especially when the thing concern online instead there picking go convince them to invest na them go they even try to convince there picking say online go make them do bad things, so make them stop am.

So actually thinking about the idea in a different manner is very difficult to convince parents because if you are holding is very difficult for any changes to reflect on your appearance because whenever you have money the only thing you will be thinking of is how to invest the money, so is very hard to start Bitcoin and see yourself transform immediately into convincing someone on your achievement and success.

Exactly, proper education is important. Firstly, you can't explain to somebody what you don't understand. So, you have to fully understand the crypto and Bitcoin investment ecosystem. You need to be knowledgeable about the technicalities, you need to be knowledgeable about trade charts. You need to have more than basic knowledge before you go ahead to convince somebody. Because if anything goes wrong, they are going to hold you accountable.

Another thing is that you won't have enough confidence to sell an idea to somebody if you haven't seen results. So, proof is key here. Make sure you've seen profit from Bitcoin investment more than two or three times. So, when you are talking to them, you are showing them proof. And then, you've studied the market so well that you know what works for you, you know where to put your money, and it won't lose.

Just like when I was trying to send out some airdrop links to some family members, they had to ask a lot of questions, and I just had to use certain knowledge to back it up. But since it was an airdrop and we weren't putting in much money, I told them, even if it doesn't work out, they didn't invest their money.

But now, when it comes to monetary investment, you need to be like 95% certain that the path you're taking them through is going to be effective. Proper understanding of the market, having proof, and communicating the value of what your Bitcoin investment is, that's what you need.

And do you think our African parents are not monitoring you since there you begin to take care of your expenses?

We just have to look for ways to make them understand, but to make sure they invest in cryptocurrency will not happen in fact most of our parents will not do that unless the gen Zee parents who have good educational background and knows about technology, if not our parents are used to olden days mode of investments and real estate investments which are physical so that they can be seeing their investment.

There are parents that can understand because they will want learning something new, so these parents do give chance to learn and to also invest, but most times they are parents that are well educated.
And for siblings, just look for easy ways to encourage them especially if you are earning money and you don’t depend on your parents anymore.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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. 

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.

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.

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.

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.

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.