Pages:
Author

Topic: How convincing can one persuade close relatives to join bitcoin investment - page 2. (Read 913 times)

sr. member
Activity: 524
Merit: 258
As per my own opinion we should not convince them to join in bitcoins for the sake of money but we must encourage them to enter in the reason of having a modern day of technology.
sr. member
Activity: 868
Merit: 266
Well, I have started making some few cash from this and really will like those around me to partake. But people around have been put down because of ponzi and when bitcoin is being talked about all they see is Ponzi! How does one really get to re-orientate?

You're not alone in this struggle it's been happening with almost everyone who's into Bitcoins, people don't really understand it and then term it as a scam, it's difficult I know but I will tell you my success story, so my friends didn't really like Bitcoins and I had told them last year buy it at 900$ told them again 2k but they didn't and now suddenly they come to me like why didn't we buy, Bitcoin is nice, the trick is to make them see the price and they will eat their words back.
The best way to convince one to start investing into bitcoins is to show them how much you have earned with bitcoins so far and when they see it they are going to interested because nothing peaks a person's interest than when he or she has the opportunity to make money.
hero member
Activity: 2646
Merit: 686
Well, I have started making some few cash from this and really will like those around me to partake. But people around have been put down because of ponzi and when bitcoin is being talked about all they see is Ponzi! How does one really get to re-orientate?

You're not alone in this struggle it's been happening with almost everyone who's into Bitcoins, people don't really understand it and then term it as a scam, it's difficult I know but I will tell you my success story, so my friends didn't really like Bitcoins and I had told them last year buy it at 900$ told them again 2k but they didn't and now suddenly they come to me like why didn't we buy, Bitcoin is nice, the trick is to make them see the price and they will eat their words back.
sr. member
Activity: 420
Merit: 250
Well, I have started making some few cash from this and really will like those around me to partake. But people around have been put down because of ponzi and when bitcoin is being talked about all they see is Ponzi! How does one really get to re-orientate?

You don't need to convince anyone. You can explain how things work and what is this all about if someone is interested or/and willing to listen, but forcing into opinion is never a good thing. If someone is not interested or apriori against, just let them be.
MiF
sr. member
Activity: 1442
Merit: 258
Reward: 10M Shen (Approx. 5000 BNB) Bounty
Well, I have started making some few cash from this and really will like those around me to partake. But people around have been put down because of ponzi and when bitcoin is being talked about all they see is Ponzi! How does one really get to re-orientate?

Invite them to join bitcoin without investing thru faucet, bounty campaigns and air drop so that in case of failure they will not blame you but if they will success then they will slowly start to join trading and hoarding with nothing to lost because their capital is came from nothing. Do this until they will developed their trust to bitcoin and help them learn how to trade than joining an investment sites in which most of them are HYIP and a Ponzi scheme.
full member
Activity: 230
Merit: 250
Since close relatives sometimes treat an announced product or possible investment as an advertisement from one of their relatives then at first they will appear willing and intrigue about what you will say to them as long as they don’t see any result from you they will just brush it with a joke but once they saw some changes in your life because of bitcoin then the possibility of them joining will be likely.
sr. member
Activity: 1400
Merit: 283
Your account profile and your wallet can be shown to them to prove that bitcoin is not ponzi..this account of mine started 3 months ago and it earns a lot since the time I started joining signature campaigns..I always show my friends the earnings I get every week and they got amazed some of them are now starting doing the same thing to earn additional income like me
The only why that you can make  your relatives your friends or anyone to use bitcoin and invest in it is byshowing them how much you have earned from it,i personaly started using bitcoin because my friend showed me how much he has earned from it and that got me reall motivieted nad exited to get into this domaine, the dream of making money like my friend is what brought me here and it is the same thing that keeping me going, so i know what makes someone real hyped up for bitcoin.
full member
Activity: 266
Merit: 122
Your account profile and your wallet can be shown to them to prove that bitcoin is not ponzi..this account of mine started 3 months ago and it earns a lot since the time I started joining signature campaigns..I always show my friends the earnings I get every week and they got amazed some of them are now starting doing the same thing to earn additional income like me
full member
Activity: 406
Merit: 107
The best way to attract someone is to explain to people what and how, to break it down so people could weigh against and. And most importantly show your results to prove that it really works. My wife and I also at first didn't believe and said that I'm fooling around, but when I bought her a fur coat with the money she looked at it differently)
member
Activity: 112
Merit: 10
Show them how in time you increased your capital with the help of bitkoin Smiley
legendary
Activity: 3024
Merit: 2148
First, you should realize that giving investment advises is a huge responsibility, if your advice will cause them a loss, your relatives might become very angry at you, especially if they had invested some big amounts. You should emphasize to invest only amounts they are willing to lose, so in worst case they will not suffer too much from a loss.

Now, about convincing them, it's not very hard - just make them understand Bitcoin technology, tell them that it's valuable because of its fundamental properties. Tell them that Bitcoins full potential hasn't yet been uncovered, so it's possible to get very high returns in the long run, by being an early adopter.
member
Activity: 102
Merit: 10
It all depends on your initial discussion with those people. what do you suggest? If asked to participate in investment, will be difficult if instant. Maybe you think investing in bitcoin is very promising profit, but not necessarily for those you want to suggest. Need to learn, bitcoin prices can at any time down or up, are they ready to bear the risks when the price drops? and they feel harmed by you, in the end you are blamed and maybe even ostracized by them.
full member
Activity: 322
Merit: 179
It is nice to share but sometimes it is hard to convince others to do something they are not interested in, especially something to do with money. Hence I will suggest to just share about Bitcoin and if they are interested, they will invest naturally.
legendary
Activity: 1288
Merit: 1043
:^)
Not really convincing them since that can cause problems later. They'd probably panic when they see a price drop and pester you about it and then you'd end up hating each other.

Better just inform them what it is and that you have invested. Never pull them into this. If they are interested, they'd reach out and ask you to help them set up things.
that's one very great point to make, you shouldnt really try to convince someone to put their money into something they have no knowledge or interest in, in this case, their panicking from the regular price fluctuations is probably a very likely outcome considering their lack of knowledge in the subject. if anything, see if they want to learn about bitcoin and cryptocurrencies in general before anything else, see if its something they want to put money into of their own accord. there's too much perceived negative air surrounding bitcoin to the ignorant for one to feel comfortable putting money into it (thats my thinking anyways).
sr. member
Activity: 644
Merit: 299
Do not impose anything on anyone. Find a way to share any ongoing news to them. There are lots of pages with news on bitcoin on facebook and tweeter. Share those news (positive ones though) like price increase, adoption by countries, predictions from top economists and so on and so forth. This is what I have always done anyway. They will call you to explain more to them as time goes on. Also, once they start seeing the outcome in you life, they won't be told what to do.
sr. member
Activity: 840
Merit: 375
Well, I have started making some few cash from this and really will like those around me to partake. But people around have been put down because of ponzi and when bitcoin is being talked about all they see is Ponzi! How does one really get to re-orientate?
I think that first of all you have to explain to them what's an ponzi.
Bitcoin cannot be a ponzi as mathematically you own them and their value is determinated by the market.It's true that now many companies used the fact that you cannot reverse transactions to make "bitcoin doublers" that promise to double your bitcoin deposited and those are ponzi/hyip (high yield investement program) that will steal your money.
Ponzis and hyips are illegal while bitcoin is legal in most countries.
hero member
Activity: 1106
Merit: 638
Know what? I tried my bit in 2014. One of my relatives invested $10,000 in Bitcoin, after I managed to convince him about the benefits of the digital currency. But nothing worked as per the plan, and he booked losses and exited in 2016, when the exchange rate was around $250 per coin. I got a lot of flak for his losses. But if he had held on to his investment, then he could have got 400% returns.

Wow. And what was the exchange rate when the relative bought in with their $10,000?

I'm curious how much that balance would be worth today. At least $43,000, but it could have been significantly more.

When talking to relatives about this tell them to buy an amount in bitcoin they'd be willing to lose. Tell them to think about it like a bet and the conclusion of that bet is years in the future. Would you pay $500 for the opportunity to make $5,000 or more and at worst get the entertainment of watching the Bitcoin rollercoaster for that time (for the $500)?
legendary
Activity: 2044
Merit: 1008
Know what? I tried my bit in 2014. One of my relatives invested $10,000 in Bitcoin, after I managed to convince him about the benefits of the digital currency. But nothing worked as per the plan, and he booked losses and exited in 2016, when the exchange rate was around $250 per coin. I got a lot of flak for his losses. But if he had held on to his investment, then he could have got 400% returns.
full member
Activity: 294
Merit: 100
Better to teach them about bitcoin first, do not directly ask for investment. Learn from the beginning eg create an account to enter this forum and care account minimlah "jr". let me join the signature campaign. Although it will be the most important small result can make them to believe.And there are results even without the investment, later if it is so your brother there will be confidence that this is not ponzi
sr. member
Activity: 490
Merit: 256
Well, I have started making some few cash from this and really will like those around me to partake. But people around have been put down because of ponzi and when bitcoin is being talked about all they see is Ponzi! How does one really get to re-orientate?

Well they will just listen to you after you gained so much from it. Even though they did not care at the beginning, they will come to you eventually after you proved them wrong. That is just about it. People are scared when it comes to investment so we cannot blame them. The part when you enlighten them about Bitcoin is enough.
Pages:
Jump to: